Fillable Schedule Cr (Form 2601450) - Credit Computation Schedule

Schedule CR (2012)

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Name(s) as shown on Virginia return

Social Security Number

PART 18 - LONG-TERM CARE INSURANCE TAX CREDIT

If ﬁ ling a joint or combined return and you and your spouse have separate policies, report total premium

payments for policies purchased prior to 1/1/2012 in Section 1 and report total premium payments for policies

purchased on or after 1/1/2012 in Section 2.

Enter the date the policy was issued to you or to your spouse. The policy’s issue date must be

on or after 01/01/2006. If the policy was issued on or after 1/1/2012, skip to Section 2, Line F.

Otherwise, complete Section 1.

SPOUSE _________________ YOU _________________

Section 1- Complete Lines B through E ONLY if the policy was issued prior to 1/1/2012

For policies issued prior to 1/1/12, enter the total annual eligible premiums paid on or after 1/1/07

for the policy’s ﬁ rst 12 months of coverage. Eligible premiums are the premiums actually paid on

or after 1/1/07 for the ﬁ rst 12 months of coverage minus any amounts you deducted on your

federal or Virginia return. DO NOT include any premiums paid for

coverage beyond the ﬁ rst 12 months of the policy. See Instructions. ........ B _________________

Multiply Line B by 15% (.15). This is the maximum amount of credit you

may earn and use for the life of this policy. ............................................... C _________________

Enter the total amount of LTC credit claimed on your tax returns for 2007

through 2011, excluding any carryovers from years before 2007... ........... D _________________

Subtract Line D from Line C. If Line D is equal to Line C, enter 0. Stop. You have no remaining

credit for this policy. If Line D is less than Line C, enter the difference.

This is the remaining amount of credit for the policy. Go to Section 3. ...... E _________________

Section 2- Complete Lines F and G ONLY if the policy was issued to you on or after 1/1/2012

For policies issued on or after 1/1/12, enter the amount of premium paid in 2012 less the amount

deducted on your Federal or Virginia return.

See instructions. ........................................................................................ F _________________

2012 credit limitation for the policy. Multiply Line F by 15% (.15). ............ G _________________

Section 3- Complete Lines H through J

If you completed Section 1, enter the total amount from Line E. ............... H _________________

If you completed Section 2, enter the total amount from Line G. .............. I _________________

Credit allowable this year: Enter the amount from Line H or I or balance of maximum credit

available, whichever is less. If ﬁ ling a joint return, and completing both Sections 1 and 2, add

18J

Lines H and I and enter the total or balance of maximum credit available, whichever is less. ..

PART 19 - BIODIESEL AND GREEN DIESEL FUELS TAX CREDIT

Enter the amount of Biodiesel and Green Diesel Fuels Tax authorized

by the Virginia Department of Taxation or the amount transferred to you

in the current year ....................................................................................... A _________________

Carryover credit from prior year(s) ............................................................. B _________________

Add Lines A and B ......................................................................................C _________________

Enter the total credit transferred to others in the current year ...................D _________________

Subtract Line D from Line C ....................................................................... E _________________

Credit allowable this year: Enter the amount from Line E

19F

or the balance of maximum credit available, whichever is less ...............................................

Carryover credit to next year: Line E less Line 19F

(3 year carryover period) ............................................................................G _________________

PART 20 - LIVABLE HOME TAX CREDIT

Enter the amount of the Livable Home Tax Credit authorized by the

Department of Housing and Community Development .............................. A _________________

Carryover credit from prior year(s) ............................................................. B _________________

Add Lines A and B .....................................................................................C _________________

Credit allowable this year: Enter the amount from Line C

20D

or the balance of maximum credit available, whichever is less ..............................................

Carryover credit to next year: Line C less Line 20D

(7 year carryover period) ............................................................................ E _________________

PART 21 - RIPARIAN WATERWAY BUFFER TAX CREDIT

Enter the amount of Riparian Waterway Buffer Tax Credit

authorized by the Virginia Department of Forestry ................................... A __________________

Carryover credit from prior year(s) ........................................................... B __________________

Add Lines A and B ...................................................................................C __________________

Credit allowable this year: Enter the amount from Line C

21D

or the balance of maximum credit available, whichever is less ..............................................

Carryover credit to next year: Line C less Line 21D

(5 year carryover period) ......................................................................... E __________________

Schedule Cr (Form 2601450) - Credit Computation Schedule - 2012 Page 4

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