Schedule In-112 - Vt Tax Adjustments And Credits - 2012 Page 2

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Schedule IN-112, page 2 of 2

* 1 2 1 1 2 1 2 9 9 *

PART III VT EARNED INCOME TAX CREDIT

For FULL-YEAR residents and PART-YEAR residents

ELIGIBILITY QUESTIONS MUST BE ANSWERED

A. Enter number of qualifying children . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A.

B. Enter number of qualifying children under the age of 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B.

c

c

C. Were you (or your spouse if filing a joint return) at least age 25 but under age 65 at the end of 2012? . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

No

If you answered “No” and do not have any qualifying children, you do not qualify for Earned Income Tax Credit.

FULL-YEAR RESIDENTS: Answer eligibility questions above and complete Lines 1 and 2

.

0 0

1. Earned income tax credit from Federal Form 1040-Line 64a; 1040A-Line 38a; or 1040EZ-Line 8a . . . . . . . . . . . . . . . . .1.

.

0 0

2. VT EARNED INCOME TAX CREDIT (Multiply Line 1 by 32%) . Enter amount on Form IN-111, Line 31c . . . è 2.

For VT Portion, enter income earned while

PART-YEAR RESIDENTS: Answer eligibility questions above and complete Lines 3- 9

Enter figures in Column A from your federal

a VT resident as shown on Schedule

EIC worksheet and Schedule IN-113.

IN-113, Column B, Lines 1, 6, 10, & 12.

A. Federal Amount $

B. VT Portion $

.

.

0 0

0 0

3. Wages, salaries, tips, etc . (Schedule IN-113, Line 1) . . . . . . . 3.

3.

Check to

Check to

4. Other earned income (Schedule IN-113,

.

.

ç indicate

ç indicate

0 0

0 0

0 0

0 0

loss

loss

Lines 6, 10 & 12) . . . . . . . . . . . . . . . . . . . . . . . .

4.

4.

.

.

0 0

0 0

5. Total earned income (Add Lines 3 & 4) . . . . . . . . . . . . . . . . 5.

5.

%

%

.

6. Earned income tax credit adjustment (Divide Line 5B by Line 5A and enter here, but not more than 100%) . . . . . . . . . . . . 6.

7. Earned income tax credit from Federal Form 1040-Line 64a;

.

0 0

1040A-Line 38a; or, 1040EZ-Line 8a . . . . . . . . . . . . . . . . . . . 7.

.

0 0

8. Multiply Line 7 by 32% and enter the result here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8.

.

0 0

9. VT EARNED INCOME TAX CREDIT (Multiply Line 8 by Line 6 .) Enter amount on Form IN-111, Line 31c . .è 9.

PART IV VT INCOME TAX CREDITS

Credits for Lines 2-6 earned through an S-Corporation, LLC, LLP, or Partnership, enter name and FEIN of the entity .

Name of

entity ____________________________________________________

FEIN:

If credits from more than one business entity, fill out a separate Schedule IN-112, Part IV for each entity .

Column C

2012 Contribution

Credit

.

1. VT Higher Education Investment (32 V .S .A . §5825a)

.

0 0

0 0

See instructions on page 11 . . . . . . . . . . . . . . . . . . . . . . . .1.

Column A

PLUS (+)

Column B

EQUALS (=)

Column C

Earned in 2012

Carryforward

.

.

.

NOT AVAILABLE

0 0

0 0

0 0

2. Commercial Film Production (32 V .S .A . §5826) . 2.

.

.

.

0 0

0 0

0 0

3. Charitable Housing (32 V .S .A . §5830c) . . . . . . . . 3.

4. Qualified Sale of Mobile Home Park

.

.

.

0 0

0 0

0 0

(32 V .S .A . §5828) . . . . . . . . . . . . . . . . . . . . . . . . . 4.

.

.

.

0 0

0 0

0 0

5. Research & Development (32 V .S .A . §5930ii) . . 5.

.

.

.

NOT AVAILABLE

0 0

0 0

0 0

6. Veteran Business Credit (32 V .S .A . §5930nn) . . . 6.

7. TOTAL CREDITS (Add Column C, Lines 1-6) . If you have credits from Schedule IN-119 (see page 12), this

amount is entered on Schedule IN-119 . If you do NOT have credits from Schedule IN-119, enter this amount on

.

0 0

Form IN-111, Line 24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.

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Schedule IN-112