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Why do I not qualify for an other state tax credit in IL?
AI accountant’s answer:
There could be a few reasons you may not qualify for the Other State Tax Credit (OSTC) in Illinois. The OSTC is a tax credit that taxpayers can claim on their Illinois tax return if they have paid income tax to another state for income also taxed by Illinois. Here are some reasons you may not qualify: 1. Nonresidents: If you are a nonresident of Illinois, you are not eligible to claim the OSTC in Illinois. 2. Proper allocation: To claim the OSTC, the income must be properly allocated between Illinois and the other state. If the income isn’t correctly attributed, you may not qualify for the credit. 3. Double taxation: The OSTC aims to prevent double taxation of the same income. If the income in question hasn't been taxed by both Illinois and another state, you might not qualify for the OSTC. 4. Reciprocal agreements: Illinois has reciprocal agreements with some states, which allow Illinois residents to work across state lines without paying tax to the other state. If Illinois has a reciprocal agreement with the other state in question, the OSTC may not be applicable. These are general guidelines, and the specifics of your situation may vary. It's important to review your tax documents and the Illinois tax laws to determine if you qualify for the OSTC.
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Ieva Ivanauskas, EA
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Keeper’s AI Accountant

This AI accountant is powered by GPT-4, but has up-to-date knowledge of tax law. It’s been trained on federal and state tax updates for 2023. With credentialed tax professionals fact-checking its responses, it applies IRS rules to real-world situations.

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Ask an AI Accountant

A free tool by

Question
This is some text inside of a div block.
AI accountant’s answer:

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

Comment from reviewer
This is some text inside of a div block.

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

Not Correct.
Icon check
Looks good

Keeper’s AI Accountant

This AI accountant is powered by GPT-4, but has up-to-date knowledge of tax law. It’s been trained on federal and state tax updates for 2023. With credentialed tax professionals fact-checking its responses, it applies IRS rules to real-world situations.

Find write-offs.
File taxes.

Keeper helps independent contractors and freelancers discover tax deductions and file taxes.

Get started