RI Schedule CR: Other Rhode Island Credits (2024)
Rhode Island · RI Division of Taxation · Used for tax years 2024
The 2024 Rhode Island Schedule CR reports listed credits against personal income tax and recapture of prior-year credits. Its totals are entered on Form RI-1040 or RI-1040NR.
Who files this form
The 2024 RI Schedule CR is for reporting the other Rhode Island credits listed on the schedule and recapture of prior-year credits. It is used with Form RI-1040 or RI-1040NR.
The listed credits cover:
- Contributions to scholarship organizations.
- Historic structures and historic preservation.
- Rhode Island New Qualified Jobs Incentive Act 2015.
- Stay Invested in RI Wavemaker Fellowship.
- Rebuild Rhode Island.
- Motion picture, musical and theatrical production.
- Historic Homeowner Assistance Act, for carryforwards only.
- Low income housing.
A credit not listed on the schedule is no longer allowed against personal income tax, including any unused carryforward of that credit.
What you'll need
Have these items ready for your 2024 RI Schedule CR:
- The proper forms and supporting documentation for the credits you claim.
- The original certificate for any listed credit you claim. It must be attached.
- A carryforward schedule if you are using a carryforward amount. It must be attached.
- Your name as shown on Form RI-1040 or RI-1040NR and your Social Security number.
If reporting recapture of prior-year credits, you will also need each credit's number and name.
Common mistakes
- Leaving out required attachments. The schedule warns that missing proper forms and documentation will delay processing of your return.
- Not attaching the original certificate. It is required when claiming any listed credit.
- Not attaching a carryforward schedule. This is required when using a carryforward amount.
- Claiming an unlisted credit. Unlisted credits and their unused carryforwards are no longer allowed against personal income tax. Entering an ineligible credit on the schedule or an attached statement will result in disallowance of the credit.
Questions people ask
Where do I enter my total credits on my tax return?
Enter the Schedule CR total credits on RI-1040, page 1, line 9c, or RI-1040NR, page 1, line 12.
How do I report recapture of prior-year credits?
Enter the credit number and name for each credit being recaptured. Add the amounts on lines 10 and 11, and enter the total on line 12. Also enter that total on RI-1040, page 1, line 10b, or RI-1040NR, page 1, line 13b.
Can I claim a new Historic Homeowner Assistance Act credit on this schedule?
The schedule lists RI-0715, Historic Homeowner Assistance Act, for carryforwards only.
Where can I find more details about each credit?
The schedule points to page I-7 of the RI-1040 instructions or page I-10 of the RI-1040NR instructions. It also directs taxpayers to the Division of Taxation's personal income tax forms page.