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Important Printing Instructions
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*131541100*
State / Local Income
2013
SCHEDULE
154
IN-
Tax Addback
VERMONT
* 1 3 1 5 4 1 1 0 0 *
You must complete this schedule if you filed Federal Form 1040, Schedule A
ATTACH TO FORM IN-111
and your State and Local Income Taxes deduction for 2013 exceeds $5,000.
Please PRINT in BLUE or BLACK INK
Taxpayer’s Last Name
First Name
Initial
Taxpayer’s Social Security Number
PART A 2013 Federal Form 1040, Schedule A Deduction
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1. Enter amount of itemized deductions from Federal Form 1040, Schedule A, Line 29. . . . . . . . . . . . . . 1. _________________________________
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2. Enter allowable federal standard deduction for your filing status. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. _________________________________
For those born before January 2, 1949 or blind and entry
on Federal Form 1040, Line 39a is
Standard
1
2
3
4
Single
6,100
7,600
9,100
n/a
n/a
OR
Married Filing Jointly or Qualifying Widow(er)
12,200
13,400
14,600
15,800
17,000
Married Filing Separately
6,100
7,300
8,500
n/a
n/a
Head of Household
8,950
10,450
11,950
n/a
n/a
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3. Subtract Line 2 from Line 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. _________________________________
.0 0
4. Enter amount of state and local income taxes from Federal Form 1040, Schedule A, Line 5a . . . . . . . 4. _________________________________
If your itemized deductions are limited, go to the Department’s website for further instructions.
5000.0 0
5. Allowable state and local income taxes deduction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5. _________________________________
-5000
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6. Subtract Line 5 from Line 4. If negative, enter “0” . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6. _________________________________
PART B Adjustment for Recapture of Excess 2012 Addback
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7. Enter amount from your 2013 Federal Form 1040, Line 10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7. _________________________________
If entry is zero, skip Parts B & C and enter the lesser amount of Line 3 or Line 6 on Form IN-111, Line 12c.
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8. Enter the lesser amount from 2012 VT Schedule IN-154, Line 3 or Line 6. . . . . . . . . . . . . . . . . . . . . . 8. _________________________________
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9. Enter the lesser of Line 7 or Line 8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9. _________________________________
PART C Adjusted 2013 Addback
Check to
ç indicate
.0 0
-5000
negative
10. Subtract Line 9 from the lesser of Line 3 or Line 6. This is the 2013 addback amount.
10. _________________________________
number
If the difference is less than zero, check the box to indicate a negative number.
Enter this amount on Form IN-111, Line 12c.
If the difference is less than zero, check the box on Form IN-111, Line 12c to indicate a negative number.
5454
Schedule IN-154
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