BA-404: Tax Credits Earned, Applied, Expired, and Carried Forward (2025)
Vermont · Vermont Department of Taxes · Used for tax years 2025
Vermont Schedule BA-404 reports tax credits earned and applied in the current year, amounts carried forward from prior years, and amounts carried forward to future years. It includes research and development, housing, property improvement, and investment tax credits and is includ
What you'll need
The 2025 schedule asks for:
- Your entity name, matching Form CO-411, Form BI-471, or Form BI-476.
- Your federal employer identification number (FEIN).
- Your fiscal year ending date in YYYYMMDD format.
- For each listed credit, the amount carried forward from prior years, earned in the current year, applied in the current year, and carried forward to future years.
How to file
Include Schedule BA-404 with Form CO-411, Form BI-471, or Form BI-476.
Enter your entity information and credit amounts in columns A through D. On line 10, add lines 1 through 9 for the total for all credits.
The supplied form does not give a mailing address or e-filing directions.
Common mistakes
- Print in blue or black ink.
- Enter all amounts in whole dollars.
- Use the same entity name as on Form CO-411, Form BI-471, or Form BI-476.
- Include the schedule with Form CO-411, Form BI-471, or Form BI-476.
Questions people ask
Which tax credits are listed on the 2025 schedule?
Research and Development, Charitable Housing, Affordable Housing, Qualified Sale of Mobile Home Park, Code Improvement, Historic Rehabilitation, Facade Improvement, Investment Tax Credit - Solar Energy, and Investment Tax Credit - Other.
Where do I enter credits carried forward from prior years?
Enter them in column A. Column D is for amounts carried forward to future years.
Where do I enter credits earned and applied this year?
Column B is for amounts earned in the current year. Column C is for amounts applied in the current year.
How do I calculate the total for all credits?
Add lines 1 through 9 and enter the totals on line 10.