Claiming a Credit for Taxes Paid to Another State

Credit for Taxes Paid to Another State - Overview On most state returns, there is an option to take a credit for taxes paid to another state.  However, many times this credit is taken incorrectly....

Credit for Taxes Paid to Another State: What amount should I enter for the amount of tax that I paid to the other state? The amount of tax that you report as being paid to the other state is NOT the amount that you had withheld to the other state.  It is the amount of...

When could I take the credit for taxes paid to another state on a Part-Year or Nonresident state return? You would generally only take a credit for taxes paid to another state on a Part Year or Nonresident return if the amount of income that is being...

Why should I not take the credit for taxes paid to another state on a Nonresident state return? Generally, nonresident returns figure your tax based only on the income that was earned in the nonresident state (unlike resident returns, where...

Why should I not take the credit for taxes paid to another state on a Part Year state return? Generally, Part Year returns figure your tax based only on the income that was earned in the state (unlike resident returns, where your tax is...