Instructions for Schedule IN-117 Vermont Credit for Income Tax Paid to Other State or Canadian Province - Vermont

This document contains official instructions for Schedule IN-117 , Vermont Credit for Income Tax Paid to Other State or Canadian Province - a form released and collected by the Vermont Department of Taxes.

FAQ

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 prevent double taxation by allowing Vermont residents to offset their Vermont tax liability with taxes paid to another jurisdiction.

Q: How do I complete Schedule IN-117?
A: You need to provide information about your income and the taxes paid to the other jurisdiction. Follow the instructions on the form to accurately complete the schedule.

Q: What information do I need to complete Schedule IN-117?
A: You will need information about your income and the taxes paid to the other jurisdiction, including copies of your tax returns and any supporting documents.

Q: When is the deadline to file Schedule IN-117?
A: Schedule IN-117 must be filed with your Vermont income tax return by the same deadline as your federal and Vermont tax returns.