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Category: North Carolina
16 Articles
Orange arrow North Carolina Estimated Tax Payments

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  You are required to pay estimated income tax if the tax shown due on your return, reduced by your North Carolina tax withheld and allowable tax credits, is $1,000 or more regardless of the amount of income you have that is not subject to withholding. Each payment of estimated tax must be accompanie...
Orange arrow North Carolina Credits

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  Credit for Tax Paid to Another State or Country When income is taxed by North Carolina for a period during which you were a legal resident of North Carolina and the same income is also taxed by another state or country because it was earned in or derived from sources within that state or country, ...
Orange arrow North Carolina Public Campaign Fund

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  New for 2013 Taxpayers may no longer make designations on their individual income tax return to the N.C. Political Parties Financing Fund or N.C. Public Campaign Fund....
Orange arrow North Carolina Additions

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  Interest Income Enter the amount of interest received from notes, bonds, and other obligations of states and political subdivisions other than North Carolina if not included in federal adjusted gross income. This includes exempt interest dividends received from regulated investment companies (mutu...
Orange arrow North Carolina Deductions

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  Deductions From Federal Adjusted Gross Income State Income Tax Refund Enter the amount of any state or local income tax refund included on Line 10 of your federal return, Form 1040. Interest From United States Obligations Enter the amount of interest received from notes, bonds, and other obliga...
Orange arrow North Carolina Credit for Tax paid to another state

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  When income is taxed by North Carolina for a period during which you were a legal resident of North Carolina and the same income is also taxed by another state or country because it was earned in or derived from sources within that state or country, a tax credit may be claimed, but not on the basis...
Orange arrow North Carolina Nongame and Endangered Wildlife Fund

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  Help keep North Carolina wild by contributing any portion of your refund to the N.C. Nongame and Endangered Wildlife Fund. Your tax deductible contributions are essential to monitoring and managing our wildlife populations, including turtles, flying squirrels, frogs, mussels, salamanders, and hundr...
Orange arrow North Carolina Use Tax

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  North Carolina use tax is due by individuals and businesses on tangible personal property and certain digital property purchased, leased or rented inside or outside this State for storage, use, or consumption in North Carolina. Use tax is due on taxable services sourced to North Carolina. Individua...
Orange arrow North Carolina Qualified Business Investments - Form D-499

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  To be eligible for this credit: You must file this application with the Secretary of Revenue. The application should be filed on or before April 15, 2014, and no later than October 15, 2014. An application filed after October 15, 2014 will not be accepted. Do not attach this application to your No...
Orange arrow North Carolina NC-478 Business Incentive and Energy Credit

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  Purpose of the NC-478 Series Use the NC-478 series to calculate and report tax credits that are limited to 50% of tax less the sum of all other tax credits claimed. The NC-478 letter series forms are used to calculate the specific credits available without regard to the 50% limitation and are desi...
Orange arrow North Carolina Adjustment for Additional First Year Depreciation

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  Adjustment for Bonus Depreciation On December 19, 2014, President Obama signed into law theTax Increase Prevention Act of 2014(TIPA), which extends 50% bonus depreciation for property placed in service in 2014. The North Carolina General Assembly did not adopt the bonus depreciation provisions und...
Orange arrow How can I file an extension for my North Carolina state taxes?

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  Form D-410 is available online at www.dornc.com. Click on Electronic Services. You should apply for an extension even if you believe you will be due a refund but cannot file by the due date. You are not required to send a payment of the tax you estimate as due to receive the extension; however, it ...
Orange arrow North Carolina Qualified Business Investments - Form D-499

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  Note: This credit is not available for investments made on or after January 1, 2014. However, you may continue to take any remaining carryforwards of this credit as allowed under N.C. General Statute 105-163.012. A tax credit is allowed on your North Carolina income tax return for qualifying inve...
Orange arrow North Carolina NC-478 Business Incentive and Energy Credit

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  Listed below are the tax credits that are subject to the 50% of tax limitation and the applicable NC-478 series form on which the credit, or any unused portion of the credit, is claimed: Article 3A Credits -Tax Incentives for New and Expanding Businesses • Creating New Jobs (NC-478)• In...
Orange arrow North Carolina Adjustment for Additional First Year Depreciation

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  2014 On December 19, 2014, President Obama signed into law the Tax Increase Prevention Act of 2014 (TIPA), which extends 50% bonus depreciation for property placed in service in 2014. The North Carolina General Assembly did not adopt the bonus depreciation provisions under Internal Revenue Code ("...

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