Form PA-40 Schedule W "Employment Incentive Payment Credit" - Pennsylvania

What Is Form PA-40 Schedule W?

This is a legal form that was released by the Pennsylvania Department of Revenue - a government authority operating within Pennsylvania.The document is a supplement to Form PA-40, Pa Schedule F - Farm Income and Expenses. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on September 1, 2019;
  • The latest edition provided by the Pennsylvania Department of Revenue;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of Form PA-40 Schedule W by clicking the link below or browse more documents and templates provided by the Pennsylvania Department of Revenue.

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Download Form PA-40 Schedule W "Employment Incentive Payment Credit" - Pennsylvania

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6000019105
PA SCHEDULE W
MM/DD/YYYY
TAX YEAR ENDING
Employment Incentive
Payment Credit
(Month
Day
Year)
PA-40 W (EX+) 09-19
(FI)
(INCLUDE WITH YOUR PENNSYLVANIA RETURN)
PA Department of Revenue
Business Name
Corporation Tax Number
Revenue ID Number
Federal Employer Identification Number
Social Security Number
SECTION I
EMPLOYMENT INCENTIVE PAYMENT CREDIT
Lines 1 through 18 are no longer applicable. See the instructions.
CALCULATION OF CREDIT
SECTION II
19b. Amount of carryover credit available from previous year’s return
19b.
19. Total available Employment Incentive Payment Credit for present tax year.
19.
Enter the amount from Line 19b.
20. Tax Liability
I. If filing Individual Income Tax return, enter amount from PA-40, Line 12.
II. If filing Fiduciary Income Tax return, enter amount from PA-41, Line 12.
III. If corporation filing form RCT-101, enter amount from Page 2, Section B, Line 15.
IV. If other organization, enter appropriate tax liability before application of credit on tax return.
20.
21. Other Credits against tax liability
I. If filing Individual or Fiduciary Income Tax return, enter amounts (if any) from PA-40 or PA-41;
(a) Line 22, PA-40 or Line 15, PA-41– taxes paid by PA residents
21a.
to other states
21b.
(b) Line 21, PA-40 – Tax Forgiveness claimed on PA-40 Schedule SP
21c.
(c) Total – If none, enter “0”.
21d.
II. If corporation, enter amount of Neighborhood Assistance Credit. If none, enter “0”.
or)
22. Tax Liability to which credit may be applied (Subtract Line 21c or 21d from Line 20.)
22.
If zero or less, enter “0”.
23.
23. Maximum allowable credit (Multiply Line 22 by .90.)
24.
24. Total credit to be allowed for present tax year. Enter lesser of Line 19 or 23.
25. Amount of Employment Incentive Payment Credit available for use in subsequent years
25.
(Subtract Line 24 from Line 19.) If none, enter “0”.
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6000019105
PA SCHEDULE W
MM/DD/YYYY
TAX YEAR ENDING
Employment Incentive
Payment Credit
(Month
Day
Year)
PA-40 W (EX+) 09-19
(FI)
(INCLUDE WITH YOUR PENNSYLVANIA RETURN)
PA Department of Revenue
Business Name
Corporation Tax Number
Revenue ID Number
Federal Employer Identification Number
Social Security Number
SECTION I
EMPLOYMENT INCENTIVE PAYMENT CREDIT
Lines 1 through 18 are no longer applicable. See the instructions.
CALCULATION OF CREDIT
SECTION II
19b. Amount of carryover credit available from previous year’s return
19b.
19. Total available Employment Incentive Payment Credit for present tax year.
19.
Enter the amount from Line 19b.
20. Tax Liability
I. If filing Individual Income Tax return, enter amount from PA-40, Line 12.
II. If filing Fiduciary Income Tax return, enter amount from PA-41, Line 12.
III. If corporation filing form RCT-101, enter amount from Page 2, Section B, Line 15.
IV. If other organization, enter appropriate tax liability before application of credit on tax return.
20.
21. Other Credits against tax liability
I. If filing Individual or Fiduciary Income Tax return, enter amounts (if any) from PA-40 or PA-41;
(a) Line 22, PA-40 or Line 15, PA-41– taxes paid by PA residents
21a.
to other states
21b.
(b) Line 21, PA-40 – Tax Forgiveness claimed on PA-40 Schedule SP
21c.
(c) Total – If none, enter “0”.
21d.
II. If corporation, enter amount of Neighborhood Assistance Credit. If none, enter “0”.
or)
22. Tax Liability to which credit may be applied (Subtract Line 21c or 21d from Line 20.)
22.
If zero or less, enter “0”.
23.
23. Maximum allowable credit (Multiply Line 22 by .90.)
24.
24. Total credit to be allowed for present tax year. Enter lesser of Line 19 or 23.
25. Amount of Employment Incentive Payment Credit available for use in subsequent years
25.
(Subtract Line 24 from Line 19.) If none, enter “0”.
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Pennsylvania Department of Revenue
PA-40 Schedule W
Instructions for
Employment Incentive Payment Credit
PA-40 W IN (EX+) 09-19
I.
Amount from Line 12 of PA-40, if filing individual
GENERAL INFORMATION
income tax return.
VERIFYING THE EXISTENCE OF THE CARRYOVER
II. Amount from Line 12 of PA-41, if filing fiduciary
CREDIT AMOUNT
income tax return.
The Department will verify the amount of each carryover
III. Amount from Page 2, Section B, Line 15 if corporation
credit claimed. To utilize any carryover credit in a subsequent
filing form RCT-101.
tax year, a complete copy of Schedule W must be provided
for the most recent tax year when an Employment Incentive
IV. Amount of tax liability before application of any credit
Payment Credit was previously utilized.
on tax return, if organization is filing return other than
specified in I, II, or III.
SECTION I
LINE 21
EMPLOYMENT INCENTIVE PAYMENT CREDIT
Section I of the PA Schedule W, Employment Incentive
OTHER CREDITS
Payment Credit, is no longer applicable because the credit
I. Enter total amount of personal income tax credits:
is no longer able to be awarded. The last credits awarded
a. From Line 22 of the PA-40 or Line 15 of the PA 41;
were for tax years beginning before Jan. 1, 2010. Although
b. From Line 21 of the PA-40;
the credit can no longer be awarded, there may be unused
credits in existence that can be carried forward and used for
c. Total of Lines a and b; or
tax years beginning before Jan. 1, 2020. Therefore, Lines 1
II. Enter the amount of Neighborhood Assistance Credit if
through 19a of the previous version of the form are no longer
corporation has qualified for same.
required and the form and instructions were revised to only
include the Section II section of the form and the instructions
LINE 22
for those lines.
Liability to which credit may be applied. Subtract Line 21c or
SECTION II
Line 21d from Line 20 and enter total. If zero or less, enter
“0”.
CALCULATION OF CREDIT
LINE 23
LINE 19b
Maximum allowable credit. Multiply Line 22 by .90 and enter
Amount of Carryover Employment Incentive Payment Credit
total.
available from previous year’s return.
LINE 24
Include a copy of Schedule W for the most recent tax year
in which an Employment Incentive Payment Credit was
Total credit allowed for present tax year. Enter lesser of Line
previously utilized that includes an amount on Line 25.
19 or Line 23 here and on appropriate Pennsylvania tax
return or report.
LINE 19
LINE 25
Total available Employment Incentive Payment Credit for
present tax year—Enter the amount from 19b. Also, the
Amount of Employment Incentive Payment Credit available
amount of each partner’s or shareholder’s pro rata
for use in subsequent years. Subtract Line 24 from Line 19.
distributive share of the partnership or PA S corporation’s
If none, enter “0”.
credits reported to them on their RK-1 or NRK-1 should be
entered here.
LINE 20
Tax Liability. Enter one of the following:
www.revenue.pa.gov
PA-40 W
1
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