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 the Schedule CR?
A: The Schedule CR is the Credit Computation Schedule used in the state of Virginia.

Q: What is the purpose of Schedule CR?
A: The purpose of Schedule CR is to calculate and claim various tax credits in Virginia.

Q: Which tax credits can be claimed on Schedule CR?
A: Some of the tax credits that can be claimed on Schedule CR include the Virginia Earned Income Tax Credit, the Virginia Low-Income Individuals and Families Tax Credit, the Virginia Neighborhood Assistance Program Credit, and the Virginia Land Preservation Tax Credit.

Q: Who can use Schedule CR?
A: Any individual or business that is eligible for one or more of the tax credits listed on Schedule CR can use it.

Q: Do I need to attach Schedule CR to my tax return?
A: Yes, if you are claiming any of the tax credits listed on Schedule CR, you need to attach it to your tax return.

Q: Can I claim multiple tax credits on Schedule CR?
A: Yes, you can claim multiple tax credits on Schedule CR as long as you meet the eligibility requirements for each credit.

Q: What documentation do I need to support my claims on Schedule CR?
A: You will need to keep records and documentation that support your claims for each tax credit claimed on Schedule CR.

Q: Is there a deadline to file Schedule CR?
A: The deadline to file Schedule CR is the same as the deadline to file your Virginia tax return, which is typically April 15th.

Q: Can I file Schedule CR electronically?
A: Yes, you can file Schedule CR electronically if you are filing your Virginia tax return electronically.