Schedule In-154 - Vermont State / Local Income Tax Addback - 2012

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*121541199*
State / Local Income
2012
SCHEDULE
154
IN-
Tax Addback
VERMONT
* 1 2 1 5 4 1 1 9 9 *
You must complete this schedule if you filed Federal Form 1040, Schedule A
and your State and Local Income Taxes deduction for 2012 tax year on Federal
ATTACH TO FORM IN-111
Form 1040, Schedule A, Line 5 exceeds $5,000.
Please PRINT in BLUE or BLACK INK
Taxpayer’s Social Security Number
Taxpayer’s Last Name
First Name
Initial
-
-
PART A 2012 Federal Form 1040, Schedule A Deduction
.
0 0
1. Enter amount of itemized deductions from Federal Form 1040, Schedule A, Line 29. . . . . . . . . . . . . . 1.
.
0 0
2. Enter allowable federal standard deduction for your filing status. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.
For those born before January 1, 1948 or blind and entry
on Federal Form 1040, Line 39a is
Standard
1
2
3
4
Single
5,950
7,400
8,850
n/a
n/a
OR
Married Filing Jointly or Qualifying Widow(er)
11,900
13,050
14,200
15,350
16,500
Married Filing Separately
5,950
7,100
8,250
9,400
10,550
Head of Household
8,700
10,150
11,600
n/a
n/a
.
0 0
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 5 . . . . . . . . 4.
.
5 0 0 0
0 0
5. Allowable state and local income taxes deduction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.
.
0 0
6. Subtract Line 5 from Line 4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.
PART B Adjustment for Recapture of Excess 2011 Addback
.
0 0
7. Enter amount from your 2012 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.
.
0 0
8. Enter amount from 2011 VT Schedule IN-154, Line 6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.
.
0 0
9. Enter the lesser of Line 7 or Line 8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.
PART C Adjusted 2012 Addback
Check to
.
0 0
ç indicate
negative
10. Subtract Line 9 from the lesser of Line 3 or Line 6. This is the 2012 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 at Form IN-111, Line 12c to indicate a negative number.
Schedule IN-154
23

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