PDF
Word
This version of the form is not currently in use and is provided for reference only. Download this version of
Form IT-140 Schedule FTC-1
for the current year.
Form IT-140 Schedule FTC-1 Family Tax Credit - West Virginia
What Is Form IT-140 Schedule FTC-1?
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 FTC-1?
A: Form IT-140 Schedule FTC-1 is a specific schedule used to claim the Family Tax Credit in West Virginia.
Q: What is the Family Tax Credit?
A: The Family Tax Credit is a tax credit available to eligible taxpayers in West Virginia to help offset the cost of raising children.
Q: Who is eligible for the Family Tax Credit?
A: Eligibility for the Family Tax Credit in West Virginia depends on various factors such as income, filing status, and the number of qualifying children.
Q: How do I claim the Family Tax Credit in West Virginia?
A: To claim the Family Tax Credit, you must complete Form IT-140 Schedule FTC-1 and include it with your West Virginia income tax return (Form IT-140) for the corresponding tax year.
Q: Is the Family Tax Credit refundable?
A: No, the Family Tax Credit in West Virginia is non-refundable. It can only be used to offset your tax liability and cannot result in a refund.
Q: Are there any income limits for the Family Tax Credit?
A: Yes, there are income limits for the Family Tax Credit in West Virginia. The specific limits vary based on filing status and the number of qualifying children.
Q: Can I claim the Family Tax Credit if I don't have any children?
A: No, the Family Tax Credit in West Virginia is specifically designed to provide assistance to taxpayers raising children. It cannot be claimed if you don't have any qualifying children.
Q: Can I claim the Family Tax Credit if I file as head of household?
A: Yes, if you qualify as head of household and meet the other requirements, you can claim the Family Tax Credit in West Virginia.
Q: Is there a deadline for claiming the Family Tax Credit?
A: Yes, the Family Tax Credit must be claimed on your West Virginia income tax return for the corresponding tax year. The deadline for filing your return and claiming the credit is usually April 15th of the following year.
Form Details:
- The latest edition provided by the West Virginia State Tax Department;
- 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 printable version of Form IT-140 Schedule FTC-1 by clicking the link below or browse more documents and templates provided by the West Virginia State Tax Department.
