Get 2008 Credit For Income Tax Paid To Another State (TC-40S) Fill-in

What is the CT EITC? The Connecticut Earned Income Tax Credit (or CT EITC) is a refundable state income tax credit for low to moderate income working individuals and families. The state credit mirrors the federal Earned Income Tax Credit.

EITCs are a tax benefit designed to help low- to moderate-income working people. The federal government, 31 states, the District of Columbia, Guam, Puerto Rico and some municipalities have EITCs. More than 25 million eligible tax filers received almost $60 billion in federal EITC during the 2020 tax year.

You may claim this credit if you had income that was taxed by California and another state. The credit will offset the taxes paid to the other state, so you are not paying taxes twice. This credit applies to: Individuals.

You may claim this credit if you had income that was taxed by California and another state. The credit will offset the taxes paid to the other state, so you are not paying taxes twice. This credit applies to: Individuals.

To choose the foreign tax credit, you generally must complete Form 1116, Foreign Tax Credit and attach it to your U.S. tax return. However, you may qualify for an exception that allows you to claim the foreign tax credit without using Form 1116. Refer to How To Figure the Credit.

The credit for taxes paid to another state is automatically calculated in your account when you add a Nonresident return to your already created resident Pennsylvania return if you pay taxes to both Pennsylvania and another state.

Generally, residents of California (with the exception of dual-resident estates and trusts) may claim a credit for net income taxes imposed by and paid to another state only on income which has a source within the other state.

The credit allowed will be the lesser of the tax paid to the other state or the tax which Connecticut imposes on the resident's out-of-state wages. The credit is claimed by completing Form CT-1040, Schedule 2, and attaching a copy of the return filed with the other state.