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West Virginia Tax Credit Recap Schedule
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Extracted from PDF file 2024-west-virginia-form-recap.pdf, last modified December 1969Tax Credit Recap Schedule
RECAP Form IT-140 W 2024 TAX CREDIT RECAP SCHEDULE This summary form and the appropriate credit calculation schedule(s) or form(s) must be enclosed with your return in order to claim a tax credit. Information for these tax credits may be obtained by visiting our website at tax.wv.gov or by calling the Taxpayer Services Division at 1-800-982-8297. Note: If you are claiming the Schedule E credit(s) or the Neighborhood Investment Program Credit you are no longer required to enclose the other state(s) return(s) or the NIPA-2 schedule with your return. You must maintain the other state(s) return(s) or NIPA-2 schedule in your files. TAX CREDIT SCHEDULE 1. Credit for Income Tax paid to another state(s) (§11-21-20)...................................................................................................... E APPLICABLE CREDIT 1 .00 **You cannot claim for taxes paid to KY, MD, OH, PA or VA for withholdings from wages and salaries. ** For what states? 2. Family Tax Credit (see page 11) (§11-21-22)...................................................................................................... FTC-1 2 .00 3. General Economic Opportunity Tax Credit (§11-13Q)........................................................................................................ EOTC-PIT 3 .00 4. High Technology Manufacturing Business (§11-13Q-10a)................................................................................................ EOTC-HTM 4 .00 5. WV Environmental Agricultural Equipment Credit (§11-13K)......................................................................................................... AG-1 5 .00 6. WV Military Incentive Credit (§11-24-12)..................................................................................................... J 6 .00 7. Neighborhood Investment Program Credit (§11-13J)........................................................................................................ NIPA-2 7 .00 8. Historic Rehabilitated Buildings Investment Credit (§11-24-23a).................................................................................................... RBIC 8 .00 9. Qualified Residential Rehabilitated Buildings Investment Credit (§11-21-8g)..................................................................................................... RBIC-A 9 .00 10. Apprenticeship Training Tax Credit (§11-13W)....................................................................................................... ATTC-1 10 .00 11. Alternative-Fuel Tax Credit (§11-6D)........................................................................................................... AFTC-1 11 .00 12. Conceal Carry Gun Permit Credit (§61-7-4)......................................................................................................... CCGP-1 12 .00 13 .00 13. Farm to Food Bank Tax Credit (§11-13DD)..................................................................................................... 14. Downstream Natural Gas Manufacturing Investment Tax Credit (§11-13GG)...................................................................................................... DNG- 2 14 .00 15. Post Coal Mine Site Business Credit (§11-28)............................................................................................................ PCM-2 15 .00 16. Natural Gas Liquids (§11-13HH)..................................................................................................... NGL-2 16 .00 17 .00 18. Child and Dependent Care Credit (§11-21-26)..................................................................................................... DSV-1 Must include a copy of federal form 2441 18 .00 19. West Virginia Jumpstart Savings Program Credit (Employer Use Only) (§11-24-10a)................................................................................................... JSP- 1 19 .00 20. Capital Investment in Child-Care Property Tax Credit (§11-21-97)...................................................................................................... CIP 20 .00 17. Donation or Sale of Vehicle to Qualified Charitable Organizations (§11-13FF)...................................................................................................... Continues on next page *P40202405W* P –5– 4 0 2 0 2 4 0 5 W RECAP Form IT-140 W 2024 TAX CREDIT RECAP SCHEDULE TAX CREDIT SCHEDULE 21. Operating Costs of Child Care Property Tax Credit (§11-21-97)................................................................................................... OCF 22. Industrial Advancement Act Tax Credit (§11-13LL) ..................................................................................................... APPLICABLE CREDIT 21 .00 22 .00 23. West Virginia Film Industry Investment Tax Credit (§11-13X) ....................................................................................................... WV FIIA-TCS 23 .00 24. Volunteer Firefighter Tax Credit (§11-13JJ) .................................................................................................... VFTC-1 24 .00 25. Build WV Property Value Adjustment Tax Credit (§5B-2L) ....................................................................................................... PVA-2 25 .00 26. Elective Income Credit for tax paid by a Pass-through Entity (§11-21-3a and §11-21-20) ............................................................................ EK-1 26 .00 27 .00 27. TOTAL NON REFUNDABLE CREDITS — add all recap lines. Enter on IT-140 line 9 ..................... *P40202406W* P –6– 4 0 2 0 2 4 0 6 W
Form Recap
More about the West Virginia Form Recap Corporate Income Tax Tax Credit TY 2024
We last updated the Tax Credit Recap Schedule in March 2025, so this is the latest version of Form Recap, fully updated for tax year 2024. You can download or print current or past-year PDFs of Form Recap directly from TaxFormFinder. You can print other West Virginia tax forms here.
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TaxFormFinder has an additional 75 West Virginia income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form PTE100 | Income Tax Return S Corporation & Partnership (Pass-Through Entity) Formerly SPF 100 |
| SPF100 Schedule SP | Shareholder / Partner Information and Non-resident Withholding |
| Form CIT 120 | Corporate Net Income (formerly CNF 120) |
| Form PTE-100 Schedule A | Income/Loss Modifications to Federal Pass-Through Income |
| Form CNF-120 NOL | Schedule NOL Net Operating Loss Carryforward Calculation |
View all 76 West Virginia Income Tax Forms
Form Sources:
West Virginia usually releases forms for the current tax year between January and April. We last updated West Virginia Form Recap from the Department of Revenue in March 2025.
Form Recap is a West Virginia Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of West Virginia Form Recap
We have a total of eleven past-year versions of Form Recap in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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