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re: State tax return question
Posted on 1/18/15 at 8:20 pm to LSUFanHouston
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 8:42 pm to krehn11
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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