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New Jersey Income Subject to Tax

Net Gambling Winnings New Jersey Lottery winnings from prize amounts exceeding $10,000 are taxable for New Jersey gross income tax purposes. The individual prize amount, not the total amount of New Jersey Lottery winnings over the year

Iowa Early Childhood Development Tax Credit

be divided between husband and wife in the ratio of each spouse’s net income to their combined net income. Only taxpayers with a net income of less than $45,000 are eligible to take the Early Childhood Development Tax Credit. If you

Georgia Eligible Single Family Residence Tax Credit

cannot exceed the lesser of the 1/3 of the credit or the taxpayer’s income tax liability. This means a maximum of $600 may be claimed each year. Any unused tax credit can be carried forward but cannot be carried back.

Minnesota Child and Dependent Care Credit

a child care credit if they did not participate in a pre-tax dependent care assistance program. They may be eligible even if they did not have actual child care expenses or if only one spouse had earned income. The credit for the newborn

California Tax Computation for Certain Children with Investment Income

For certain children, investment income over $2,000 is taxed at the parent's rate if the parent's rate is higher. Use form FTB 3800, Tax Computation for Certain Children with Investment Income, to figure the child's tax. Complete form FTB

Credit for Taxes Paid to Another State - Overview

that was taxed by another state . This is why you generally can only take the credit on a resident return. Most resident returns tax your Federal AGI, regardless of where it was earned. Because of this, the income that is taxed will include income

Adoption Credit and Income Phaseout Amounts for Prior Years

The credit and income limitations that apply to a carryforward are based on the limits in effect for the year the carryforward first arose, rather than the year or years in which the carryforward is claimed. If you did not pay additional

Virginia Credit for taxes paid to another state

Generally, Virginia will allow taxpayers filing a Resident Virginia income tax return to claim a credit for income tax paid as a nonresident to another state on earned or business income derived from sources outside Virginia or any gain

Kentucky Credit for Taxes Paid to Another State

Kentucky residents are required to report all income received including income from sources outside Kentucky. Within certain limitations, a credit for income tax paid to another state may be claimed. The credit is limited to the amount

Massachusetts Schedule CB- Senior Circuit Breaker Tax Credit

What Is It? For tax years beginning on or after January 1, 2001, senior citizens in Massachusetts may be eligible to claim a refundable credit on their state income taxes for the real estate taxes they paid on the Massachusetts residential