Instructions for Schedule IN-112 Vermont Tax Adjustments and Credits - Vermont

This document contains official instructions for Schedule IN-112 , Vermont Tax Adjustments and Credits - a form released and collected by the Vermont Department of Taxes.

FAQ

Q: What is Schedule IN-112?
A: Schedule IN-112 is a form used in Vermont to report tax adjustments and credits.

Q: Who needs to file Schedule IN-112?
A: Residents of Vermont who want to claim tax adjustments or credits on their state income tax return.

Q: What kind of tax adjustments can be reported on Schedule IN-112?
A: Examples of tax adjustments include business deductions, capital gains adjustments, and certain retirement income adjustments.

Q: What types of tax credits can be claimed on Schedule IN-112?
A: Examples of tax credits include the Vermont Earned Income Tax Credit, the Property Tax Adjustment Credit, and the Child and Dependent Care Credit.

Q: Is Schedule IN-112 required to be filed with every tax return?
A: No, you only need to file Schedule IN-112 if you have tax adjustments or credits to report.

Q: When is the deadline to file Schedule IN-112?
A: The deadline to file Schedule IN-112 is the same as the deadline to file your Vermont state income tax return, which is typically April 15th.

Q: Can Schedule IN-112 be filed electronically?
A: Yes, you can file Schedule IN-112 electronically using Vermont's e-file system.

Q: What should I do if I need help filling out Schedule IN-112?
A: You can refer to the instructions provided with the form, or seek assistance from a tax professional or the Vermont Department of Taxes.