Schedule In-112 - Vt Tax Adjustments And Credits - 2012
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1
2*121121100*
VT Tax Adjustments
2012
SCHEDULE
112
IN-
and Credits
VERMONT
* 1 2 1 1 2 1 1 0 0 *
Please PRINT in BLUE or BLACK INK
ATTACH TO FORM IN-111
Taxpayer’s Social Security Number
-
-
Taxpayer’s Last Name
First Name
Initial
PART I
ADJUSTMENT TO TAXABLE INCOME
.
,
,
0 0
1 . Total interest and dividend income from all state and local obligations exempt from federal tax . . . . . . . . . . 1 .
.
,
,
0 0
2 . Interest and dividend income from VT state and local obligations included in Line 1 . . . . . . . . . . . . . . . . . . . 2 .
.
,
,
3 . INCOME FROM NON-VT STATE AND LOCAL OBLIGATIONS TO BE ADDED TO VT TAXABLE
0 0
INCOME . Subtract Line 2 from Line 1, but not less than zero. ENTER ON FORM IN-111, LINE 12a. . . . 3 .
PART II
ADJUSTMENTS TO VT INCOME TAX
ADDITIONS TO VT TAX:
.
,
,
1 . Tax on Qualified Plans including IRA (1040-Line __ or
0 0
Form 5329), HSA (Form 8889) and MSA (Form 8853) . . . . . . . . .1 .
.
,
,
2 . Recapture of Federal Investment Tax Credit
0 0
(From Federal Form 4255) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2 .
.
,
,
0 0
3 . Tax from Federal Form 4972-Line __ or __ . . . . . . . . . . . . . . . . . .3 .
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,
,
0 0
4 . Add Lines 1 through 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4 .
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,
,
0 0
5 . Multiply Line 4 by 24%. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5 .
.
,
,
0 0
6 . Recapture of VT Credits (See instructions) . . . . . . . . . . . . . . . . . . .6 .
.
,
,
0 0
7 . Add Lines 5 and 6. Enter on Form IN-111, Line 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7 .
SUBTRACTIONS FROM VT TAX:
.
,
,
8 . Credit for Child & Dependent Care Expenses
0 0
(1040-Line __; 1040A-Line __) . . . . . . . . . . . . . . . . . . . . . . . . . . . .8 .
.
,
,
0 0
9 . Credit for the Elderly or the Disabled (Federal Schedule R) . . . . . .9 .
.
,
,
10 . Investment Tax Credit - VT-based only
0 0
(From Federal Form 3468) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .10 .
.
,
,
11 . VT Farm Income Averaging Credit
0 0
(From worksheet on page __ of income tax booklet) . . . . . . . . . . .11 .
.
,
,
0 0
12 . Add Lines 8 through 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .12 .
.
,
,
0 0
13 . Multiply Line 12 by 24%. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .13 .
.
,
,
0 0
14 . VT-based Business Solar Energy Credit carryforward . . . . . . . . .14 .
.
,
,
0 0
15 . Add Lines 13 and 14. Enter on Form IN-111, Line 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .15 .
19
Schedule IN-112
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