Instructions for Form 760, 760PY, 763, 765 Schedule CR Credit Computation Schedule - Virginia

This document contains official instructions for Schedule CR for Form 760 , Form 760PY , Form 763 , and Form 765 . . These documents are released and collected by the Virginia Department of Taxation.

FAQ

Q: What is Form 760 used for?
A: Form 760 is used by individuals to file their Virginia income tax return.

Q: What is Form 760PY used for?
A: Form 760PY is used by part-year residents of Virginia to file their income tax return.

Q: What is Form 763 used for?
A: Form 763 is used by nonresidents of Virginia to file their income tax return.

Q: What is Form 765 used for?
A: Form 765 is used by Virginia residents who are full-year residents of another state or country to file their income tax return.

Q: What is Schedule CR?
A: Schedule CR is the Credit Computation Schedule in Virginia, used to calculate various tax credits.

Q: Who needs to fill out Schedule CR?
A: Virginia taxpayers who are eligible for certain tax credits need to fill out Schedule CR.

Q: What tax credits can be claimed on Schedule CR?
A: Schedule CR allows taxpayers to claim credits such as the Child and Dependent Care Expenses Credit, Education Improvement Scholarships Tax Credit, and Rent Relief Credit, among others.

Q: Do I need to file these forms if I don't owe any taxes?
A: Even if you do not owe any taxes, you may still need to file these forms if you meet certain income or residency requirements. It is best to consult the instructions or contact the Virginia Department of Taxation for guidance.