Get Nc Dor D-400tc 2024-2025

Filling out the NC DoR D-400TC form online is an essential step for taxpayers seeking to claim specific tax credits for the 2024 tax year. This guide provides comprehensive instructions to help users navigate the form with ease and accuracy.

Follow the steps to fill out the NC DoR D-400TC successfully.

1. Click ‘Get Form’ button to access the form and open it in the editor.
2. Enter your Social Security Number in the designated field to identify your tax record.
3. Complete the section for 'Part 1: Credit for Income Tax Paid to Another State or Country'. Begin with Line 1, where you will input the total income from all sources during your residency in North Carolina, adjusted by relevant modifications.
4. On Line 2, indicate the portion of the income stated in Line 1 that was taxed by another state or country.
5. For Line 3, divide the amount in Line 2 by that in Line 1 and input the result as a decimal rounded to four decimal places.
6. Input the total income tax from North Carolina on Line 4, which is gathered from Form D-400, Line 15.
7. Multiply the amount on Line 4 by the decimal result from Line 3 and enter that on Line 5.
8. On Line 6, input the amount of net tax that you paid to the other state or country for the income shown in Line 2.
9. For Line 7a, enter the lesser amount between Line 5 and Line 6. Line 7b requires you to note the number of states or countries for which you are claiming a credit.
10. Move to 'Part 2: Credits for Rehabilitating Historic Structures'. Input any relevant expenditures related to historic structures on Lines 8, 9, 10a, 10b, 11a, 11b, 12, and 13, only if applicable.
11. In 'Part 3: Computation of Total Tax Credits to be Taken for Tax Year 2024', begin with Line 14 to input any tax credits you are carrying over from previous years.
12. Add together the amounts listed on Lines 7a, 8, 9, 10b, 11b, 12, 13, 14, and 15 for Line 16.
13. Locate Line 17 and enter the amount from Form D-400, Line 15, which reflects your North Carolina income tax.
14. On Line 18, input the lesser of Line 16 or Line 17.
15. For Line 19, input any business incentive and energy tax credits by attaching necessary forms as required.
16. Finally, calculate the total of Lines 18 and 19 to enter on Line 20. Be sure that this amount does not exceed the tax shown on Form D-400, Line 15.
17. After completing all fields, you can choose to save changes, download, print, or share the completed form.

Start filling out your NC DoR D-400TC online today to secure your tax credits!