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Schedule K-42
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Schedule K-42 Kansas Assistive Technology Contribution Credit - Kansas
What Is Schedule K-42?
This is a legal form that was released by the Kansas Department of Revenue - a government authority operating within Kansas. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is Schedule K-42?
A: Schedule K-42 is a form used in Kansas to claim the Assistive Technology Contribution Credit.
Q: What is the Assistive Technology Contribution Credit?
A: The Assistive Technology Contribution Credit is a tax credit available to individuals and businesses in Kansas who make contributions to qualified organizations that provide assistive technology devices or services to individuals with disabilities.
Q: How do I qualify for the Assistive Technology Contribution Credit?
A: To qualify for the Assistive Technology Contribution Credit, you must make a cash contribution to a qualified organization that provides assistive technology devices or services to individuals with disabilities in Kansas.
Q: How much is the tax credit?
A: The tax credit is equal to 50% of the amount of your contribution, up to a maximum credit of $250,000.
Q: How do I claim the credit?
A: To claim the credit, you must complete Schedule K-42 and include it with your Kansas income tax return.
Q: Are there any limits on the credit?
A: Yes, the credit is subject to limitations and may be limited by your income tax liability.
Q: Is there a deadline to claim the credit?
A: Yes, the deadline to claim the credit is the same as the deadline for filing your Kansas income tax return.
Q: Can I carry over any unused credit?
A: No, any unused credit cannot be carried over to future years.
Form Details:
- Released on July 1, 2018;
- The latest edition provided by the Kansas Department of Revenue;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Schedule K-42 by clicking the link below or browse more documents and templates provided by the Kansas Department of Revenue.
