Instructions for Schedule CR Credit Computation Schedule - Virginia

This document contains official instructions for Schedule CR , Credit Computation Schedule - a form released and collected by the Virginia Department of Taxation.

FAQ

Q: What is Schedule CR?
A: Schedule CR is the Credit Computation Schedule used in Virginia.

Q: What is the purpose of Schedule CR?
A: The purpose of Schedule CR is to calculate the amount of credits you may be eligible for on your Virginia tax return.

Q: Who needs to fill out Schedule CR?
A: If you are claiming certain tax credits in Virginia, you will need to fill out Schedule CR.

Q: Which tax credits are reported on Schedule CR?
A: Tax credits such as the Education Improvement Scholarships Tax Credit, the Neighborhood Assistance Act Tax Credit, and the Land Preservation Tax Credit are reported on Schedule CR.

Q: How do I fill out Schedule CR?
A: You will need to refer to the specific instructions provided by the Virginia Department of Taxation to accurately fill out Schedule CR.

Q: When is Schedule CR due?
A: The deadline for filing Schedule CR is the same as the deadline for your Virginia tax return, typically April 15th.

Q: What should I do if I have questions about Schedule CR?
A: If you have questions about filling out Schedule CR, you should contact the Virginia Department of Taxation or consult a tax professional for assistance.