Filing Checklist

Vermont Income Tax Return

▢ Complete Federal income tax return

▢ Complete VT Form IN-111

School District Code Chart

Vermont Income Tax Return with Earned Income Tax Credit

Full-Time Residents

▢ Complete Federal income tax return and Federal earned income tax schedule and/or worksheet

▢ Complete VT Schedule IN-112 (VERMONT EARNED INCOME TAX CREDIT Section)

▢ Complete VT Form IN-111

Part-Year Resident

▢ Complete Federal income tax return

▢ See “VT Income Tax Return” for any items that apply

▢ Complete VT Schedule IN-113 before VT Schedule IN-112 (VERMONT EARNED INCOME TAX CREDIT Section)

▢ Complete VT Schedule IN-112 (VERMONT EARNED INCOME TAX CREDIT Section)

▢ Complete VT Form IN-111

Vermont Income Tax Return with Non-VT State & Local Obligations, Bonus Depreciation and/or Add Back State & Local Income Taxes

▢ Complete Federal income tax return

▢ If Federal Taxable Income is zero, calculate the loss amount by subtracting Form 1040 Line 8 from Line 7

▢ Complete VT Schedule IN-112 (Part I for non-VT state & local obligations)

▢ Complete your worksheet to determine the difference between bonus depreciation and depreciation on regular MACRS schedule. The difference is the entry.

▢ Complete addback state & local income taxes

▢ Complete VT Form IN-111

Vermont Income Tax Return with Interest Income from U.S. Obligations, Capital Gain Exclusion and/or Bonus Depreciation

▢ Complete Federal income tax return

▢ If Federal taxable income is zero, calculate the loss amount by subtracting Form 1040 Line 8 from Line 7

▢ Complete IN-153 for Capital Gain Exclusion

▢ Complete IN-112 (Part I) including interest income from U.S. Obligations

▢ Complete your worksheet to determine the difference between Federal depreciation on equipment where bonus depreciation taken and depreciation on regular MACRS schedule. The difference is the entry

▢ Complete VT Form IN-111

Vermont Income Tax Return with Additions to VT Income Tax

▢ Complete Federal income tax return

▢ Complete VT Form IN-111 up to Line 1

▢ Complete VT Schedule IN-112 (Part I)

▢ Complete VT Form IN-111

Vermont Income Tax Return with Subtractions from VT Income Tax

▢ Complete Federal income tax return

▢ Complete VT Form IN-111 up to Line 1

▢ Complete VT Schedule IN-112 (Part I)

▢ Complete VT Form IN-111

Vermont Income Tax Return with Adjustment to Vermont Income Tax

▢ Complete Federal income tax return

▢ Complete VT Form IN-111 up to Line 15

▢ Complete VT Schedule IN-113

▢ Part I is for non-residents and some part-year residents

▢ Part II is for reporting VT Exempt Income

▢ Complete VT Form IN-111

Vermont Income Tax Return with Credit for Income Tax Paid in Another State or Canadian Province

▢ Complete Federal income tax return

▢ Complete tax return(s) for other state or province

▢ Complete IN-112 (Part I)

▢ Complete VT Form IN-111 up to Line 17

▢ Complete VT Schedule IN-117

▢ VT Schedule IN-117 result on VT Form IN-111, Line 17

▢ Complete VT Form IN-111

Vermont Income Tax Return with VT Tax Credits

▢ Complete Federal income tax return

▢ Complete VT Form IN-111 up to Line 25c

▢ Complete VT Schedule IN-112 (Part II)

▢ Complete VT Schedule IN-119 (if required)

▢ If only tax credits from VT Schedule IN-112, enter amount on VT Form IN-111 Line 25c

▢ If tax credits require VT Schedule IN-119, transfer VT Schedule IN-112 information to VT Schedule IN-119

▢ Enter VT Schedule IN-119 result on VT Form IN-111, Line 18

▢ VT Form IN-111

Homestead Declaration

You must file a Homestead Declaration annually by the April filing deadline

▢ Obtain SPAN from property tax bill

▢ Complete VT Form HS-122 (Section A)

▢ File by the April filing deadline, or may be filed at the time of closing on a new homestead

Property Tax Credit

Under Act 51, effective July 1, 2019, the Property Tax Adjustment has been changed to the Property Tax Credit. Read more >>

Claims may be filed up to the October filing deadline. There is a $15 late filing penalty. No claims can be accepted after the October filing deadline.

▢ Obtain information from property tax bill

▢ Complete Federal income tax return (if required to file)

▢ Complete VT Schedule HI-144, Household Income

▢ Complete all sections of VT Form HS-122

▢ File by the April filing deadline

Renter Rebate Claim

Claims may be filed up to the October filing deadline. No claims can be accepted after the October filing deadline. The Renter Rebate may be used as a credit towards your Vermont income tax. File the Renter Rebate Claim, VT Form PR-141, with the VT income tax return, VT Form IN-111, and enter the rebate amount on IN-112 (Part II, Line 2) Line 12 goes on Line 25c on IN-111. The Renter Rebate Claim may also be filed separately from the income tax return.

▢ Obtain completed landlord certificate(s) (Form LC-142)

▢ Complete Federal income tax return (if required to file)

▢ Complete VT Schedule HI-144, Household Income

▢ Complete PR-141

▢ File by the April filing deadline