IN-113: Vermont Income Adjustment Calculations (2024)
Vermont · Vermont Department of Taxes · Used for tax years 2024
Schedule IN-113 calculates Vermont income adjustments for 2024 and is included with Form IN-111. It reports federal income and the Vermont portion, deductions, and adjustments for non-Vermont income and exempt military pay to calculate an income adjustment percentage.
Who files this form
For tax year 2024:
- Nonresidents and part-year residents must complete Parts I and II of Schedule IN-113.
- Full-year residents with adjustments complete only Part II.
What you'll need
Have these forms and details available:
- Your federal return or recomputed federal return for the amounts entered in Part I.
- Form IN-111, which you include Schedule IN-113 with and use for certain entries.
- The Vermont portion of the income and adjustments listed in Part I, if you must complete that part.
- Your dates of Vermont residency in 2024 and the state, Canadian province, or country where you lived during non-Vermont residency.
- Your name and Social Security number.
If reporting military pay on Line 32, the form also asks for your number of months on active duty.
How to file
Include Schedule IN-113 with Form IN-111. If completing it by hand, print in blue or black ink.
The provided form does not give a mailing address or e-filing directions.
Common mistakes
Follow these reminders printed on the form:
- Include Schedule IN-113 with Form IN-111.
- Print in blue or black ink.
- Also enter the non-Vermont income from Line 29 on Part II, Line 31.
- Carry the income adjustment percentage on Line 35 out to the fourth decimal place, and also enter it on Form IN-111, Line 15.
- Use a standard two-character abbreviation for the state, Canadian province, or country listed for non-Vermont residency.
Questions people ask
What goes in Columns A and B?
In Part I, enter figures as they appear on your federal return or recomputed federal return in Column A. Enter the Vermont portion in Column B.
How do I calculate non-Vermont income?
On Line 29, subtract Line 28, the Vermont portion of adjusted gross income, from Line 27, adjusted gross income. Also enter the result on Part II, Line 31.
What amount goes on Part II, Line 30?
If you completed Part I, enter the amount from Line 27. Otherwise, enter the amount from Form IN-111, Line 1.
How do I calculate the income adjustment percentage?
For Line 35, divide Line 34 by Line 30 and multiply the result by 100. Carry the result out to the fourth decimal place. Also enter this percentage on Form IN-111, Line 15.