North Carolina Disability Tax Credit Worksheet
Extracted from PDF file 2022-north-carolina-form-d-429.pdf, last modified November 2012
Disability Tax Credit WorksheetD-429 Worksheet for Determining the Credit for the Disabled Taxpayer, Dependent or Spouse Web 11-12 North Carolina Department of Revenue For taxable year ___________ (See the instructions on reverse to determine if you are eligible for either of these credits) Important: Do not file this form with your North Carolina return. Keep it for your records. However, if you claim this credit you must attach Federal Schedule R (Credit for the Elderly or Disabled) to your North Carolina return. Credit for Disabled Taxpayer 1. If you check boxes 2, 4, 5, 6, or 9 on Page 1 of Federal Schedule R, enter the amount of the credit from the applicable federal schedule in the space below and divide by 3 Amount from Line 22, Schedule R: $ ____________ ÷ 3 = 1. 00 (If you do not claim the credit for a disabled dependent or a disabled spouse, skip Lines 2 through 12 and go to Line 13.) Credit for Disabled Dependent or Disabled Spouse 2. Enter your federal adjusted gross income from your federal return, Form 1040 or 1040A 2. 3. Enter the applicable additions shown on Form D-400, Lines 34 through 36 3. 4. Add Lines 2 and 3 4. 5. Enter the applicable deductions shown on Form D-400, Lines 38 through 49 5. 00 6. Line 4 minus Line 5 (Important: If the result on this line is equal to or less than the base income amount for your filing status, skip Lines 7 through 11 and enter on Line 12 below the initial credit from the table below) 6. 00 7. Enter the base income amount for your filing status from the table below 7. 00 8. Line 6 minus Line 7 8. 9. Divide the amount on Line 8 by $1,000 and round the result down to the next whole number 9. 10. Multiply the number on Line 9 by $4.00 10. 11. Enter the initial credit for your filing status from the table below 11. 12. Credit for Disabled Dependent or Disabled Spouse: If Line 10 is more than Line 11, enter zero here. If Line 10 is less than Line 11, subtract Line 10 from Line 11 and enter the result here 12. 13. Add Lines 1 and 12 (Full-year residents enter the result here and on Line 25, Part 4, Form D-400TC - Individual Tax Credits) 13. 14. If you were a part-year resident or a nonresident of North Carolina during the tax year, multiply the amount on Line 13 above by the decimal amount from Line 16 of Form D-400 and enter the result here and on Line 25, Part 4, Form D-400TC - Individual Tax Credits 14. Filing Status Single Head of Household Qualifying Widow(er) With Dependent Child or Married Filing Jointly Married Filing Separately Initial Credit 00 00 00 00 00 00 00 00 00 00 Base Income Amount $48 $64 $12,000 $16,000 $80 $40 $20,000 $10,000 Page 2 D-429 Web 10-12 INSTRUCTIONS Credit for Disabled Taxpayer: If you claim an income tax credit on your federal tax return for being permanently and totally disabled, as indicated by checking boxes 2, 4, 5, 6, or 9 on page 1 of Federal Schedule R, you may claim a tax credit on your North Carolina return equal to one-third (1/3) of the amount of the federal tax credit. If you claim this credit you must attach Federal Schedule R (Credit for the Elderly or Disabled) to your North Carolina income tax return. Although the federal tax credit is also allowed for being 65 or older, no portion of the tax credit is allowed on the North Carolina tax return for being age 65 or older; therefore, if you check boxes 1, 3, 7, or 8 on page 1 of Federal Schedule R, you are not entitled to the tax credit for a disabled taxpayer. Complete lines 1 and 13 (and 14 if applicable) to determine the tax credit for a disabled taxpayer. Credit for Disabled Dependent or Disabled Spouse: You may be entitled to a tax credit if a dependent or spouse for whom you are allowed an exemption on your federal return is permanently and totally disabled. To qualify for the credit, a statement from a physician or local health department must be attached to your tax return certifying that the dependent or spouse was unable to engage in any substantial gainful activity by reason of a physical or mental impairment that can be expected to result in death or that has lasted or can be expected to last for a continuous period of not less than 12 months. For a taxpayer whose North Carolina adjusted gross income does not exceed the base income amount for his filing status, the credit is the initial credit amount as shown in the table at the bottom of page 1. For a taxpayer whose North Carolina adjusted gross income exceeds the base income amount, the initial credit is reduced by $4.00 for every $1,000 by which the North Carolina adjusted gross income exceeds the base income amount. Complete lines 2 through 13 (and 14 if applicable) to determine the tax credit for a disabled dependent and/or spouse. Complete separate worksheets for each disabled dependent or spouse. (IMPORTANT: A part-year resident or nonresident who claims a tax credit for the disabled must prorate the credit by multiplying the credit by the decimal amount shown on Form D-400, Line 16.)
More about the North Carolina Form D-429 Individual Income Tax TY 2022
Complete form D-429 to determine the tax credits available for a disability of yours or a family members. Family members include dependants and/or a spouse.
We last updated the Disability Tax Credit Worksheet in February 2023, so this is the latest version of Form D-429, fully updated for tax year 2022. You can download or print current or past-year PDFs of Form D-429 directly from TaxFormFinder. You can print other North Carolina tax forms here.
Related North Carolina Individual Income Tax Forms:
|Form Code||Form Name|
|Form CD-429||Corporate Estimated Income Tax|
|Form CD-429B||Underpayment of Estimated Tax by C Corporations|
|CD-429||Corporate Estimated Income Tax|
North Carolina usually releases forms for the current tax year between January and April. We last updated North Carolina Form D-429 from the Department of Revenue in February 2023.
About the Individual Income Tax
The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.
Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!
Historical Past-Year Versions of North Carolina Form D-429
We have a total of six past-year versions of Form D-429 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
While we do our best to keep our list of North Carolina Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.