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 to report tax adjustments and nonrefundable credits for the state of Vermont.

Q: When is Schedule IN-119 used?
A: Schedule IN-119 is used when you need to report any tax adjustments or nonrefundable credits for your Vermont state taxes.

Q: What are tax adjustments?
A: Tax adjustments are changes made to your taxable income that can affect the amount of Vermont state taxes you owe.

Q: What are nonrefundable credits?
A: Nonrefundable credits are reductions in your Vermont state tax liability that can be used to offset the amount of tax you owe.

Q: Do I need to file Schedule IN-119 if I don't have any tax adjustments or nonrefundable credits?
A: No, if you don't have any tax adjustments or nonrefundable credits, you do not need to file Schedule IN-119.

Q: Is there a deadline for filing Schedule IN-119?
A: Yes, Schedule IN-119 must be filed by the same deadline as your Vermont state tax return.

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

Q: What should I do if I have questions or need help filling out Schedule IN-119?
A: If you have questions or need help filling out Schedule IN-119, you can contact the Vermont Department of Taxes for assistance.

Q: Are all tax adjustments and nonrefundable credits eligible to be reported on Schedule IN-119?
A: No, there are specific criteria for each tax adjustment and nonrefundable credit to determine if it is eligible to be reported on Schedule IN-119. Consult the instructions provided with the form for more information.