Instructions for Schedule IN-119 Vermont Tax Adjustments and Nonrefundable Credits - Vermont

This document contains official instructions for Schedule IN-119 , Vermont Tax Adjustments and Nonrefundable Credits - a form released and collected by the Vermont Department of Taxes.

FAQ

Q: What is Schedule IN-119?
A: Schedule IN-119 is a form used by residents of Vermont to report tax adjustments and nonrefundable credits.

Q: Who needs to file Schedule IN-119?
A: Residents of Vermont who have tax adjustments or nonrefundable credits to report on their state tax return need to file Schedule IN-119.

Q: What kinds of adjustments can be reported on Schedule IN-119?
A: Adjustments reported on Schedule IN-119 include additions and subtractions to income, deductions, and credits related to Vermont tax law.

Q: What are nonrefundable credits?
A: Nonrefundable credits are credits that can reduce the amount of tax you owe, but if the credit exceeds your tax liability, you won't receive a refund for the excess amount.

Q: When is the deadline to file Schedule IN-119?
A: The deadline to file Schedule IN-119 is the same as the deadline for filing your Vermont state tax return, which is usually April 15th.

Q: Can I e-file Schedule IN-119?
A: Yes, you can e-file your Vermont state tax return, including Schedule IN-119, if you are filing electronically.

Q: Do I need to include any supporting documentation with Schedule IN-119?
A: It is recommended to keep all supporting documentation, such as receipts or forms, related to your tax adjustments and nonrefundable credits. However, you do not need to submit them with your tax return unless requested by the Vermont Department of Taxes.

Q: What if I make a mistake on Schedule IN-119?
A: If you make a mistake on Schedule IN-119, you can file an amended return using Form IN-119X to correct the error.