Form IT-140 Schedule RECAP Tax Credit Recap Schedule - West Virginia

What Is Form IT-140 Schedule RECAP?

This is a legal form that was released by the West Virginia State Tax Department - a government authority operating within West Virginia.The document is a supplement to Form IT-140, West Virginia Personal Income Tax Return. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form IT-140 Schedule RECAP?
A: Form IT-140 Schedule RECAP is a tax credit recap schedule used for filing taxes in West Virginia.

Q: What does the Schedule RECAP do?
A: The Schedule RECAP is used to calculate and report tax credits that an individual may be eligible for in West Virginia.

Q: Who needs to file Form IT-140 Schedule RECAP?
A: Residents of West Virginia who are filing taxes and claiming tax credits should include this schedule with their Form IT-140.

Q: How do I complete Form IT-140 Schedule RECAP?
A: You need to provide information about the tax credits you are claiming and calculate the total amounts on the schedule.

Q: What are some common tax credits reported on Schedule RECAP?
A: Common tax credits reported on Schedule RECAP include the Homestead Exemption Credit, Low-Income Earned Income Credit, and Child and Dependent Care Credit.

Q: When is the deadline to file Form IT-140 Schedule RECAP?
A: Form IT-140 Schedule RECAP must be filed along with the Form IT-140 by the tax filing deadline, which is usually April 15th.

Q: What if I don't have any tax credits to report?
A: If you don't have any eligible tax credits, you may not need to file Form IT-140 Schedule RECAP. Check the instructions or consult a tax professional.