This version of the form is not currently in use and is provided for reference only. Download this version of Schedule IN-117 for the current year.
This is a legal form that was released by the Vermont Department of Taxes - a government authority operating within Vermont. As of today, no separate filing guidelines for the form are provided by the issuing department.
Q: What is Schedule IN-117?
A: Schedule IN-117 is a form used by Vermont residents to claim a credit for income tax paid to another state or Canadian province.
Q: Who can use Schedule IN-117?
A: Vermont residents who have paid income tax to another state or Canadian province can use Schedule IN-117.
Q: What is the purpose of Schedule IN-117?
A: The purpose of Schedule IN-117 is to ensure that Vermont residents are not taxed on the same income by multiple jurisdictions.
Q: How does Schedule IN-117 work?
A: Schedule IN-117 allows Vermont residents to claim a credit for income tax paid to another state or Canadian province, reducing their overall tax liability.
Q: What kind of income can be claimed on Schedule IN-117?
A: Any income that is taxable in both Vermont and another state or Canadian province can be claimed on Schedule IN-117.
Q: What documentation is required for Schedule IN-117?
A: Documentation of the income tax paid to another state or Canadian province, such as a copy of the tax return or a statement from the tax authority, is required for Schedule IN-117.
Q: Are there any limitations on the credit claimed on Schedule IN-117?
A: Yes, there are limitations on the credit claimed on Schedule IN-117. The credit cannot exceed the amount of Vermont tax attributed to the income from the other jurisdiction.
Q: When is Schedule IN-117 due?
A: Schedule IN-117 is typically due on the same date as the Vermont individual income tax return, which is usually April 15th.
Q: Can I e-file Schedule IN-117?
A: Yes, you can e-file Schedule IN-117 along with your Vermont individual income tax return.
Form Details:
Download a fillable version of Schedule IN-117 by clicking the link below or browse more documents and templates provided by the Vermont Department of Taxes.