Form D-400tc - Individual Tax Credits - 2014

D-400TC

2014 Individual Tax Credits

Web

North Carolina Department of Revenue

10-14

Last Name (First 10 Characters)

Your Social Security Number

If you claim a tax credit on Line 16 of Form D-400,

you must attach

this form to the return. If you do not, the tax credit may be disallowed.

You must attach a copy of the return filed with the other state or country

Part 1. Credit for Income Tax Paid to Another State or Country - N.C. Residents Only

and proof of payment. Important: If you claim a tax credit for tax paid to more than one state or country, do not fill in Lines 1 through 6; instead, see instructions on Page 14.

1. Total income from all sources (combined for joint filers) from Federal Form

1040, Line 22; 1040A, Line 15; or 1040EZ, Line 4, while a resident of North

Carolina, adjusted by the applicable additions shown on Line 1 and deductions

Enter Whole U.S. Dollars Only

shown on Lines 5 through 10e of Form D-400 Schedule S, Parts A and B. Do

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not make any adjustment for any portion of Line 3 or 11 that does not relate to

1.

gross income. (If Line 1 is negative, fill in circle.)

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2.

2. The portion of Line 1 that was taxed by another state or country.

00

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3. Divide Line 2 by Line 1 and enter the result as a decimal amount. (Round

3.

to four decimal places.)

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4. Total North Carolina income tax (From Form D-400, Line 15)

4.

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5. Computed credit (Multiply Line 3 by Line 4)

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5.

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6.

Amount of net tax paid to the other state or country on the income shown

on Line 2 (See instructions on Page 14. Net tax paid is the total taxes paid

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[withholding, estimated tax payments, amount paid with extension, other

6.

00

payments] less any refunds received or expected to be received.)

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7a.

7a. Enter the lesser of Line 5 or Line 6.

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7b. Enter in the box the number of states for which credits are claimed.

7b.

Important: Complete the Credit for Children Worksheet on Page 15 of the instructions.)

Part 2. Credit for Children (

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8.

Credit for Children

Number of dependent children for whom

8.

00

(Include the amount on this line in the total on Line 9, Part 3.)

you were allowed a federal child tax credit

Part 3. Other Tax Credits (Limited to the amount of tax)

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9.

9. Total of Parts 1 and 2 (Add Lines 7a and 8)

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10. Credit for Qualified Business Investments (See instructions on Page 15. You must attach a copy of

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10.

the tax credit approval letter that you received from the Department of Revenue.)

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Enter expenditures and expenses on Lines 11a, 12a, 13a, and 14a only in the first year the credit is taken

Credit for rehabilitating an income-producing historic structure (See instructions on Page 16.)

11.

Enter installment

Enter qualified

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11a.

11b.

amount of credit

rehabilitation expenditures

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00

Credit for rehabilitating a nonincome-producing historic structure (See instructions on Page 16.)

12.

Enter installment

Enter rehabilitation

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12a.

12b.

expenses

amount of credit

00

00

Credit for rehabilitating an income-producing historic mill facility (See instructions on Page 16.)

13.

Enter qualified

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Enter amount of credit

13a.

13b.

rehabilitation expenditures

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Credit for rehabilitating a nonincome-producing historic mill facility (See instructions on Page 16.)

14.

Enter installment

Enter rehabilitation

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14a.

amount of credit

14b.

expenses

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00

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15.

15. Tax credits carried over from previous year, if any. Do not include any

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carryover of tax credits claimed on Form NC-478.

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16.

16. Total (Add Lines 9, 10, 11b, 12b, 13b, 14b, and 15)

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17.

17. Amount of total North Carolina income tax (From Form D-400, Line 15)

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18. Enter the lesser of Line 16 or Line 17

18.

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19. Business incentive and energy tax credits (See

Fill in circle if

instructions on Page 16. Attach Form NC-478

NC-478 is attached.

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and any required supporting schedules to the

19.

Example:

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front of your income tax return.)

Add Lines 18 and 19 (Enter the total here and on Form D-400, Line 16.)

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20.

20.

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The amount on this line may not exceed the tax shown on Form D-400, Line 15.