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Vermont Income Adjustment Calculations
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Extracted from PDF file 2023-vermont-schedule-in-113.pdf, last modified July 2022Income Adjustment Calculations
Vermont Department of Taxes *231131100* 2023 Schedule IN-113 * 2 3 1 1 3 1 1 0 0 * Vermont Income Adjustment Calculations Please PRINT in BLUE or BLACK INK Nonresidents and Part-Year Residents Must Complete Parts I and II Full-Year Residents with Adjustments Complete only Part II Taxpayer’s Last Name PART I. INCLUDE WITH FORM IN-111 First Name MI Taxpayer’s Social Security Number Enter figures as they appear on your federal return or recomputed federal return in Column A and list the Vermont portion in Column B. See instructions. Dates of Vermont residency in 2023 From (MMDDYYYY): / / To (MMDDYYYY): / / A. Federal Amount $ Name of State(s), Canadian province, or country during non-Vermont residency (use standard 2-character abbreviation) B. Vermont Portion $ 1. Wages, salaries, tips, etc. . . . . . . . . . . . . . . . . . . . 1A. ___________________________ .00 1B. __________________________.00 2. Taxable interest. . . . . . . . . . . . . . . . . . . . . . . . . . . 2A. ___________________________ .00 2B. __________________________.00 3. Ordinary dividends. . . . . . . . . . . . . . . . . . . . . . . . 3A. ___________________________ .00 3B. __________________________.00 4. Taxable IRAs, pensions, and annuities. . . . . . . . 4A. ___________________________ .00 4B. __________________________.00 5. Taxable Social Security . . . . . . . . . . . . . . . . . . . 5A. ___________________________ .00 5B. __________________________.00 6. Taxable refunds of state and local income taxes. 6A. ___________________________ .00 6B. __________________________.00 7. Alimony received. . . . . . . . . . . . . . . . . . . . . . . . . 7A. ___________________________ .00 7B. __________________________.00 8. Business income or loss. . . . . . . . . . . . . . . . . . . . 8A. ___________________________ .00 8B. __________________________.00 9. Capital gain or loss . . . . . . . . . . . . . . . . . . . . . . . 9A. ___________________________ .00 9B. __________________________.00 10. Rents, royalties, partnerships, S corporations, trusts, etc. . . . . . . . . . . . . . . . . . 10A. ___________________________ .00 10B. __________________________.00 11. Farm income or loss . . . . . . . . . . . . . . . . . . . . . . 11A. ___________________________ .00 11B. __________________________.00 12. Unemployment compensation . . . . . . . . . . . . . . 12A. ___________________________ .00 12B. __________________________.00 13. Other: Specify. . . . . . . . . . . . . . . . . . . . . . . . . . . 13A. ___________________________ .00 13B. __________________________.00 14. TOTAL INCOME (ADD Lines 1 through 13). . . . . . . . . . . . . . . . 14A. ___________________________ .00 14B. __________________________.00 5454 Schedule IN-113 Page 1 of 2 Rev. 10/23 Taxpayer’s Last Name Social Security Number *231131200* * 2 3 1 1 3 1 2 0 0 * Column A. Federal Amount $ 15. IRA, Keogh/SEP/SIMPLE (Reported on federal Form 1040).. . . . . . . . . . 15A. ________________________ Column B. Vermont Portion $ .00 15B. __________________________.00 Self _________________ Spouse _________________ 16. Student Loan Interest (Reported on Form 1040). . . . . . . . . . . . . . . . . 16A. ________________________ .00 16B. _______________________ .00 17. Employee Deductions: Reservists, Performing Artists, Fee-basis Gov’t Officials (Reported on Form 1040) . . . . . . . . . 17A. ________________________ .00 17B. _______________________ .00 18. Self-Employment Deductions: Tax and Health Insurance (Reported on Form 1040). . . 18A. ________________________ .00 18B. _______________________ .00 19. Health Savings Account (Reported on Form 1040). . . . . . . . . . . . . . . . . 19A. ________________________ .00 19B. _______________________ .00 20. Moving Expenses (Reported on Form 1040). . 20A. ________________________ .00 20B. _______________________ .00 21. Penalty on Early Withdrawal of Savings (Reported on Form 1040). . . . . . . . . . . . . . . . . 21A. ________________________ .00 21B. _______________________ .00 22. Alimony Paid (Reported on Form 1040) . . . . . 22A. ________________________ .00 22B. _______________________ .00 23. Domestic Production Activities (Reported on Form 1040). . . . . . . . . . . . . . . . . 23A. ________________________ .00 23B. _______________________ .00 24. Educator Expenses and Tuition & Fees (Reported on Form 1040). . . . . . . . . . . . . . . . . 24A. ________________________ .00 24B. _______________________ .00 25. Deductions not listed above but reported on Form 1040. . . . . . . . . . . . . . . . . . . . . . . . . . 25A. ________________________ .00 25B. _______________________ .00 26. TOTAL ADJUSTMENTS (ADD Lines 15 through 25) . . . . . . . . . . . . . . 26A. ________________________ .00 26B. _______________________ .00 27. Adjusted Gross Income (SUBTRACT Line 26A from Line 14A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .27. _______________________ .00 28. Vermont Portion of AGI (SUBTRACT Line 26B from Line 14B). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .28. _______________________ .00 29. Non-Vermont Income (SUBTRACT Line 28 from Line 27) Also enter on Part II, Line 31 below. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . 29. __________________________.00 PART II. Adjustment for Vermont Exempt Income and Military Exempt Income 30. Adjusted Gross Income. If Part I completed, enter Line 27 amount. Otherwise, enter amount from Form IN-111, Line 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .30. _______________________ .00 31. Non-Vermont Income (Line 29 above) . . . . . . . 31. ________________________ .00 32. Military pay. Number of months on active duty ______ (See instructions). . . . . . 32. ________________________ .00 33. Total (ADD Lines 31 and 32). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . 33. _______________________ .00 34. Vermont Income (SUBTRACT Line 33 from Line 30). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .34. _______________________ .00 35. INCOME ADJUSTMENT % (DIVIDE Line 34 by Line 30, MULTIPLY the result by 100 and carry the result out to the fourth decimal place.) Also enter on Form IN-111, Line 15 (See instructions). . . . . 35. _________ . __________% Schedule IN-113 Page 2 of 2 Rev. 10/23 5454 Clear ALL fields Save and go to Important Printing Instructions Save and Print
Schedule IN-113
More about the Vermont Schedule IN-113 Individual Income Tax TY 2023
Schedule IN-113 requires you to list multiple forms of income, such as wages, interest, or alimony .
We last updated the Income Adjustment Calculations in February 2024, so this is the latest version of Schedule IN-113, fully updated for tax year 2023. You can download or print current or past-year PDFs of Schedule IN-113 directly from TaxFormFinder. You can print other Vermont tax forms here.
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File Now with TurboTaxRelated Vermont Individual Income Tax Forms:
TaxFormFinder has an additional 51 Vermont income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Vermont Schedule IN-113.
| Form Code | Form Name |
|---|---|
| Schedule IN-153 | Capital Gain Exclusion Calculation |
| Schedule IN-119 | VT Economic Incentive Income Tax Credits |
| Schedule IN-112 | VT Tax Adjustments and Credits |
| Schedule IN-155 | Federal Itemized Deductions Addback (OBSOLETE) |
View all 52 Vermont Income Tax Forms
Form Sources:
Vermont usually releases forms for the current tax year between January and April. We last updated Vermont Schedule IN-113 from the Department of Taxes in February 2024.
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 Vermont Schedule IN-113
We have a total of twelve past-year versions of Schedule IN-113 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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