Instructions for Schedule IN-112 Vermont Tax Adjustments and Credits - Vermont

This document contains official instructions for Schedule IN-112 , Vermont Tax Adjustments and Credits - a form released and collected by the Vermont Department of Taxes.

FAQ

Q: What is Schedule IN-112?
A: Schedule IN-112 is a form used to report tax adjustments and credits in Vermont.

Q: Who needs to fill out Schedule IN-112?
A: Vermont residents who have tax adjustments and credits to report on their state tax return.

Q: What information do I need to fill out Schedule IN-112?
A: You will need information such as your federal adjusted gross income, Vermont taxable income, and any tax adjustments or credits you are eligible for.

Q: How do I fill out Schedule IN-112?
A: You will need to follow the instructions provided on the form and enter the required information accurately.

Q: When is the deadline to file Schedule IN-112?
A: The deadline to file Schedule IN-112 is typically the same as the deadline for filing your Vermont state tax return.

Q: Are there any specific tax credits or adjustments I should be aware of for Vermont?
A: Yes, Vermont offers various tax credits and adjustments, such as the Earned Income Tax Credit and the property tax adjustment program. You should review the instructions for Schedule IN-112 to see if you qualify for any of these credits or adjustments.

Q: What happens if I don't file Schedule IN-112?
A: If you are required to file Schedule IN-112 and fail to do so, you may face penalties or interest charges for underpayment of taxes.