Form ND-1 (SFN28741) Schedule ND-1PSC Nonprofit Private School Tax Credits for Individuals - North Dakota

What Is Form ND-1 (SFN28741) Schedule ND-1PSC?

This is a legal form that was released by the North Dakota Office of State Tax Commissioner - a government authority operating within North Dakota. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form ND-1?
A: Form ND-1 is a tax form used in North Dakota to file individual income tax returns.

Q: What is SFN28741?
A: SFN28741 is the form number for Schedule ND-1PSC, which is used to claim nonprofit private school tax credits for individuals in North Dakota.

Q: What are Nonprofit Private School Tax Credits?
A: Nonprofit Private School Tax Credits are tax credits available to individuals who donate money or property to qualified nonprofit private schools in North Dakota.

Q: Who can use Schedule ND-1PSC?
A: Schedule ND-1PSC can be used by individuals who have made donations to qualified nonprofit private schools in North Dakota.

Q: What information is required on Schedule ND-1PSC?
A: Schedule ND-1PSC requires the individual to provide information about the nonprofit private school(s) they made donations to, including the name of the school, the amount donated, and the total credits claimed.

Q: When is the deadline for filing Form ND-1 with Schedule ND-1PSC?
A: The deadline for filing Form ND-1 with Schedule ND-1PSC is April 15th, unless an extension has been granted.

Q: Are the tax credits refundable?
A: No, the nonprofit private school tax credits are non-refundable. However, they can be carried forward for up to five years.

Q: Are there any limitations on the amount of tax credits that can be claimed?
A: Yes, there are limitations on the amount of tax credits that can be claimed. The total credits claimed cannot exceed the individual's tax liability.

Q: What are the benefits of claiming nonprofit private school tax credits?
A: Claiming nonprofit private school tax credits can reduce the individual's tax liability and support education in North Dakota by providing financial assistance to qualified nonprofit private schools.