Form IT-140 Schedule HEPTC-1 Homestead Excess Property Tax Credit - West Virginia

What Is Form IT-140 Schedule HEPTC-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 HEPTC-1?
A: Form IT-140 Schedule HEPTC-1 is a tax form used in West Virginia to claim the Homestead Excess Property Tax Credit.

Q: What is the Homestead Excess Property Tax Credit?
A: The Homestead Excess Property Tax Credit is a tax credit available to West Virginia residents who own and occupy a property as their primary residence.

Q: Who is eligible for the Homestead Excess Property Tax Credit?
A: To be eligible for the Homestead Excess Property Tax Credit, you must be a West Virginia resident and own and occupy a property as your primary residence.

Q: How do I claim the Homestead Excess Property Tax Credit?
A: You can claim the Homestead Excess Property Tax Credit by completing and filing Form IT-140 Schedule HEPTC-1 with your West Virginia income tax return (Form IT-140).

Q: What information do I need to complete Form IT-140 Schedule HEPTC-1?
A: You will need to provide information about your property's assessed value, the amount of property tax paid, and other relevant details.

Q: Is there a deadline for filing Form IT-140 Schedule HEPTC-1?
A: Yes, the deadline for filing Form IT-140 Schedule HEPTC-1 is the same as the deadline for filing your West Virginia income tax return (usually April 15th).