Schedule B: Adjustments to Federal Taxable Income (2025)
West Virginia · WV Tax Division · Used for tax years 2025
Schedule B of West Virginia Form CIT-120 reports adjustments that increase or decrease federal taxable income for 2025. It totals these adjustments for entry on Schedule 1 or Schedule 2.
What you'll need
Schedule B refers to these returns and schedules for adjustment amounts:
- Your federal return: Several lines use income, taxes, expenses, or deductions reported on your federal return.
- Schedule B-1: Line 23 uses the allowance from Schedule B-1, line 9.
- CIT-120APT, Schedule A2: Multistate corporations must use this schedule for the West Virginia water or air pollution control facility adjustments identified on Schedule B.
Common mistakes
- Using lines 4 or 20 for a multistate corporation's pollution control facility adjustments. These lines are for wholly West Virginia corporations only. The form says multistate corporations must use CIT-120APT, Schedule A2, line 11 for depreciation or amortization and line 10 for facility costs.
Questions people ask
What does Schedule B calculate?
Schedule B calculates adjustments that increase or decrease federal taxable income.
Where do I enter the total increasing adjustments?
Add lines 1 through 11. Enter the total on line 12 and on Schedule 1, line 2 or Schedule 2, line 2.
Where do I enter the total decreasing adjustments?
Add lines 13 through 23. Enter the total on line 24 and on Schedule 1, line 3 or Schedule 2, line 3.
Where does the Schedule B-1 allowance go?
Enter the amount from Schedule B-1, line 9 on Schedule B, line 23.
Do I need to describe other adjustments?
Yes. Lines 11 and 22 ask for a brief description of other increasing or decreasing adjustments.