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re: State tax return question

Posted on 1/18/15 at 8:20 pm to
Posted by krehn11
IA
Member since Jul 2011
1486 posts
Posted on 1/18/15 at 8:20 pm to
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 by LSUFanHouston
NOLA
Member since Jul 2009
37302 posts
Posted on 1/18/15 at 8:42 pm to
Sort of... You deduct the amount of taxes calculated on the federal return. (Whether paid in the year or not) Occasionally adjustments have to be made for certain disaster credits.
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