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<br />Schedule 2 Estimated N.C. Child Deduction Amount
<br />A taxpayer who is allowed a federal child tax credit under section 24 of the Internal Revenue Code is allowed a deduction
<br />for each qualifying child unless adjusted gross income exceeds the threshold amount shown below.
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<br />The N.C. Child Deduction Amount can be claimed only for a child who is under 17 years of age on the last day of the year.
<br />Filing Status Adjusted Gross Income
<br />No. of
<br />Children
<br />Deduction
<br />Amount per
<br />Qualifying Child
<br />Estimated
<br />Deduction
<br />
<br />NC-4 Allowance Worksheet Schedules
<br />Important: If you cannot reasonably estimate the amount to enter in the schedules below, you should enter ZERO (0) on Line 1, NC-4.
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<br />Single Up to $ 20,000 $ 3,000
<br /> Over $ 20,000 Up to $ 30,000 $ 2,500
<br /> Over $ 30,000 Up to $ 40,000 $ 2,000
<br /> Over $ 40,000 Up to $ 50,000 $ 1,500
<br /> Over $ 50,000 Up to $ 60,000 $ 1,000
<br /> Over $ 60,000 Up to $ 70,000 $ 500
<br /> Over $ 70,000 $ -
<br />MFJ or SS Up to $ 40,000 $ 3,000
<br /> Over $ 40,000 Up to $ 60,000 $ 2,500
<br /> Over $ 60,000 Up to $ 80,000 $ 2,000
<br /> Over $ 80,000 Up to $ 100,000 $ 1,500
<br /> Over $ 100,000 Up to $ 120,000 $ 1,000
<br /> Over $ 120,000 Up to $ 140,000 $ 500
<br /> Over $ 140,000 $ -
<br />HOH Up to $ 30,000 $ 3,000
<br /> Over $ 30,000 Up to $ 45,000 $ 2,500
<br /> Over $ 45,000 Up to $ 60,000 $ 2,000
<br /> Over $ 60,000 Up to $ 75,000 $ 1,500
<br /> Over $ 75,000 Up to $ 90,000 $ 1,000
<br /> Over $ 90,000 Up to $ 105,000 $ 500
<br /> Over $ 105,000 $ -
<br />MFS Up to $ 20,000 $ 3,000
<br /> Over $ 20,000 Up to $ 30,000 $ 2,500
<br /> Over $ 30,000 Up to $ 40,000 $ 2,000
<br /> Over $ 40,000 Up to $ 50,000 $ 1,500
<br /> Over $ 50,000 Up to $ 60,000 $ 1,000
<br /> Over $ 60,000 Up to $ 70,000 $ 500
<br /> Over $ 70,000 $ -
<br />Schedule 1 Estimated N.C. Itemized Deductions
<br />Qualifying mortgage interest _$ .
<br />Real estate property taxes _$ .
<br />Total qualifying mortgage interest and real estate property taxes* _$ .
<br />Charitable Contributions (Same as allowed for federal purposes) _$ .
<br />Medical and Dental Expenses (Same as allowed for federal purposes) _$ .
<br />Repayment of Claim of Right Income _$ .
<br />Total estimated N.C. itemized deductions. Enter on Page 2, Part II, Line 1 _$ .
<br />*The sum of your qualified mortgage interest and real estate property taxes may not exceed $20,000. For married
<br />taxpayers, the $20,000 limitation applies to the combined total of qualified mortgage interest and real estate property
<br />taxes claimed by both spouses, rather than to each spouse separately.
<br />Docusign Envelope ID: 177AA06A-30B4-42FF-A85A-78B5A7C51DBE
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