Form 511nr - Oklahoma Nonresident/ Part-Year Income Tax Return - 2011 Page 40

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2011 Form 511NR - Nonresident/Part-Year Income Tax Return - Page 4
NOTE: Enclose this page ONLY if you have an amount shown on a schedule.
Name(s) shown
Your Social
on Form 511NR:
Security Number:
Schedule 511NR-D
Child Care/Child Tax Credit
See instructions for details on qualifications and required enclosures.
If your Federal Adjusted Gross Income is $100,000 or less and you are allowed either a credit for child care expenses or the child tax
credit on your Federal return, then as a resident, part-year resident or nonresident military, you are allowed a credit against your Okla-
homa tax. Your Oklahoma credit is the greater of:
• 20% of the credit for child care expenses allowed by the IRS Code.
Your allowed Federal credit cannot exceed the amount of your Federal tax reported on your Federal return.
or
• 5% of the child tax credit allowed by the IRS Code.
This includes both the nonrefundable child tax credit and the refundable additional child tax credit.
The credit must be prorated based on the ratio of Oklahoma Adjusted Gross Income to Federal Adjusted Gross Income.
If your Federal Adjusted Gross Income is greater than $100,000, no credit is allowed.
Enclose a copy of your Federal return and, if applicable, the Federal child care credit schedule.
00
Enter your Federal child care credit .................................
1
1
00
Multiply line 1 by 20% .......................................................
2
2
Enter your Federal child tax credit
3
00
(total of child tax credit & additional child tax credit).........
3
00
4
Multiply line 3 by 5% .........................................................
4
00
Enter the larger of line 2 or line 4 ....................................................................................
5
5
Divide the amount on line 24 of Form 511NR by the amount on line 19 of Form 511NR
%
Enter the percentage from the above calculation here
.....
6
(do not enter more than 100%)
6
Multiply line 5 by line 6. This is your Oklahoma child care/child tax credit.
7
00
Enter total here and on Form 511NR, line 33 ...................................................................
7
Schedule 511NR-E
Earned Income Credit
See instructions for details on qualifications and required enclosures.
Residents and part-year residents are allowed a credit equal to 5% of the Earned Income Credit allowed on the Federal return.
The credit must be prorated on the ratio of Oklahoma source AGI to Federal AGI. Enclose a copy of your Federal return.
Nonresidents do not qualify.
00
Federal earned income credit ..........................................................................................
1
1
00
Multiply line 1 by 5% .........................................................................................................
2
2
Divide the amount on line 23 of Form 511NR by the amount on line 19 of Form 511NR
3
%
Enter the percentage from the above calculation here
.....
(do not enter more than 100%)
3
Oklahoma earned income credit.......................................................................................
4
4
00
(multiply line 2 by line 3, enter total here and on line 46 of Form 511NR)

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