- My Forums
- Tiger Rant
- LSU Score Board
- LSU Recruiting
- SEC Rant
- SEC Score Board
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: State tax return question
Posted on 1/18/15 at 7:15 pm to Lee4heisman
Posted on 1/18/15 at 7:15 pm to Lee4heisman
Is this LA? You get a deduction on your LA return for federal income tax. As your federal income tax goes down due to credits, that deduction on your state return goes down, meaning your state taxable income goes up.
2
Posted on 1/18/15 at 8:20 pm to LSUFanHouston
I live in Iowa so I am not familiar with individual income taxes in Louisiana. So Louisiana essentially accrues the Federal income tax for the year and allows that to be deducted? In Iowa you deduct the amount of Federal income tax paid during the year.
Posted on 1/18/15 at 8:51 pm to LSUFanHouston
Yes this is LA, makes sense as to why when I file through the Department of revenue website, they ask how much the federal return is. I guess this year since I entered things backwards, I'm realizing the decrease in state refund.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News