Instructions for Schedule IN-119 Vermont Tax Adjustments and Non-refundable Credits - Vermont

This document contains official instructions for Schedule IN-119 , Vermont Tax Adjustments and Non-refundable 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 in Vermont to report tax adjustments and non-refundable credits.

Q: When do I need to fill out Schedule IN-119?
A: You need to fill out Schedule IN-119 if you have any tax adjustments or non-refundable credits to report on your Vermont tax return.

Q: What types of tax adjustments can be reported on Schedule IN-119?
A: Some examples of tax adjustments that can be reported on Schedule IN-119 include adjustments for federal taxable income, Vermont modification, and prior year adjustments.

Q: What are non-refundable credits?
A: Non-refundable credits are credits that can reduce your tax liability but cannot result in a tax refund. They can include credits for child and dependent care expenses, education expenses, and home weatherization expenses, among others.

Q: How do I fill out Schedule IN-119?
A: To fill out Schedule IN-119, you will need to enter the appropriate amounts for each tax adjustment or non-refundable credit you are reporting. The instructions on the form will guide you through the process.