Form D-400tc - Individual Tax Credits - 2014

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D-400TC
2014 Individual Tax Credits
Web
North Carolina Department of Revenue
10-14
Last Name (First 10 Characters)
Your Social Security Number
If you claim a tax credit on Line 16 of Form D-400,
you must attach
this form to the return. If you do not, the tax credit may be disallowed.
You must attach a copy of the return filed with the other state or country
Part 1. Credit for Income Tax Paid to Another State or Country - N.C. Residents Only
and proof of payment. Important: If you claim a tax credit for tax paid to more than one state or country, do not fill in Lines 1 through 6; instead, see instructions on Page 14.
1. Total income from all sources (combined for joint filers) from Federal Form
1040, Line 22; 1040A, Line 15; or 1040EZ, Line 4, while a resident of North
Carolina, adjusted by the applicable additions shown on Line 1 and deductions
Enter Whole U.S. Dollars Only
shown on Lines 5 through 10e of Form D-400 Schedule S, Parts A and B. Do
,
,
.
not make any adjustment for any portion of Line 3 or 11 that does not relate to
1.
gross income. (If Line 1 is negative, fill in circle.)
00
,
,
.
2.
2. The portion of Line 1 that was taxed by another state or country.
00
.
3. Divide Line 2 by Line 1 and enter the result as a decimal amount. (Round
3.
to four decimal places.)
,
,
.
4. Total North Carolina income tax (From Form D-400, Line 15)
4.
00
5. Computed credit (Multiply Line 3 by Line 4)
,
,
.
5.
00
6.
Amount of net tax paid to the other state or country on the income shown
on Line 2 (See instructions on Page 14. Net tax paid is the total taxes paid
,
,
.
[withholding, estimated tax payments, amount paid with extension, other
6.
00
payments] less any refunds received or expected to be received.)
,
,
.
7a.
7a. Enter the lesser of Line 5 or Line 6.
00
7b. Enter in the box the number of states for which credits are claimed.
7b.
Important: Complete the Credit for Children Worksheet on Page 15 of the instructions.)
Part 2. Credit for Children (
.
8.
Credit for Children
Number of dependent children for whom
8.
00
(Include the amount on this line in the total on Line 9, Part 3.)
you were allowed a federal child tax credit
Part 3. Other Tax Credits (Limited to the amount of tax)
,
,
.
9.
9. Total of Parts 1 and 2 (Add Lines 7a and 8)
00
10. Credit for Qualified Business Investments (See instructions on Page 15. You must attach a copy of
,
,
.
10.
the tax credit approval letter that you received from the Department of Revenue.)
00
Enter expenditures and expenses on Lines 11a, 12a, 13a, and 14a only in the first year the credit is taken
Credit for rehabilitating an income-producing historic structure (See instructions on Page 16.)
11.
Enter installment
Enter qualified
,
,
.
,
,
.
11a.
11b.
amount of credit
rehabilitation expenditures
00
00
Credit for rehabilitating a nonincome-producing historic structure (See instructions on Page 16.)
12.
Enter installment
Enter rehabilitation
,
,
.
,
,
.
12a.
12b.
expenses
amount of credit
00
00
Credit for rehabilitating an income-producing historic mill facility (See instructions on Page 16.)
13.
Enter qualified
,
,
,
,
.
.
Enter amount of credit
13a.
13b.
rehabilitation expenditures
00
00
Credit for rehabilitating a nonincome-producing historic mill facility (See instructions on Page 16.)
14.
Enter installment
Enter rehabilitation
,
,
.
,
,
.
14a.
amount of credit
14b.
expenses
00
00
,
,
.
15.
15. Tax credits carried over from previous year, if any. Do not include any
00
carryover of tax credits claimed on Form NC-478.
,
,
.
16.
16. Total (Add Lines 9, 10, 11b, 12b, 13b, 14b, and 15)
00
,
,
.
17.
17. Amount of total North Carolina income tax (From Form D-400, Line 15)
00
,
,
.
18. Enter the lesser of Line 16 or Line 17
18.
00
19. Business incentive and energy tax credits (See
Fill in circle if
instructions on Page 16. Attach Form NC-478
NC-478 is attached.
,
,
.
and any required supporting schedules to the
19.
Example:
00
front of your income tax return.)
Add Lines 18 and 19 (Enter the total here and on Form D-400, Line 16.)
,
,
.
20.
20.
00
The amount on this line may not exceed the tax shown on Form D-400, Line 15.

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