ScheduleEIT: ScheduleEIT (2024)
Wisconsin · Wisconsin DOR · Used for tax years 2024
Wisconsin Schedule EIT calculates the 2024 Electronics and Information Technology Manufacturing Zone Credit. It reports zone payroll and capital expenditure credits certified by the Wisconsin Economic Development Corporation (WEDC), credits passed through from other entities, and
Who files this form
Schedule EIT is used to report the 2024 Wisconsin electronics and information technology manufacturing zone credit, including credits passed through from other entities.
File it with Wisconsin Form 1, 1NPR, 2, 3, 4, 4T, 5S, or 6.
What you'll need
Have the following ready:
- Your name and identifying number.
- A copy of the Wisconsin Economic Development Corporation (WEDC) certification/verification for the zone payroll credit and capital expenditure credit you report.
- The name, FEIN, and credit amount for each entity passing a credit through to you.
- An additional schedule if you report additional pass-through credits on line 4c.
- For fiduciaries, the amount of credit allocated to beneficiaries.
How to file
File Schedule EIT with Wisconsin Form 1, 1NPR, 2, 3, 4, 4T, 5S, or 6.
To complete the schedule:
- Enter the WEDC-certified zone payroll credit on line 1 and capital expenditure credit on line 2. Include copies of the WEDC certification/verification.
- Add lines 1 and 2 on line 3.
- Report credits passed through from other entities on lines 4a through 4c, then total them on line 4d.
- Add lines 3 and 4d on line 5 to calculate your 2024 credit.
- Fiduciaries: enter the credit allocated to beneficiaries on line 5a, then subtract it from line 5 and enter the result on line 5b.
The provided form does not give a mailing address or e-filing directions.
Common mistakes
Follow these reminders printed on the form:
- Read the instructions before filling in the schedule.
- Round amounts to the nearest dollar.
- Include a copy of the WEDC certification/verification for the credits reported on lines 1 and 2.
Questions people ask
What credits are reported on Schedule EIT?
The schedule reports the zone payroll credit and capital expenditure credit certified by WEDC, plus electronics and information technology manufacturing zone credits passed through from other entities.
Where do I enter credits passed through from another entity?
Use lines 4a and 4b for the entity name, FEIN, and amount. Enter the total from an additional schedule on line 4c, and add lines 4a through 4c on line 4d.
How do I calculate my total 2024 credit?
Add the credits on lines 1 and 2 to get line 3. Then add lines 3 and 4d to get your 2024 credit on line 5.
What extra entries do fiduciaries make?
Fiduciaries enter the amount allocated to beneficiaries on line 5a and subtract that amount from line 5 to calculate line 5b.