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Question
Why would I not get a credit for taxes paid to other states if I live in IL?
AI accountant’s answer:
In Illinois, you generally can claim a credit for taxes paid to other states if you are a resident of Illinois and have paid income tax to another state on income that is also taxable in Illinois. However, there could be certain situations where you may not receive this credit, such as: 1. Non-resident or part-year resident: If you are not considered a full-year resident of Illinois, your eligibility for claiming a credit for taxes paid to other states may be affected. 2. Non-qualifying income: If the income, for which you paid taxes to the other state, is not subject to taxation under Illinois law, then the credit may not be available. 3. Tax treaties or reciprocal agreements: Sometimes certain states have tax treaties or reciprocal agreements that affect the taxes paid to other states. If Illinois has a reciprocal agreement with the other state where you paid taxes, you might not be eligible for the credit. 4. Inaccurate or incomplete information: If you have not provided complete or accurate information on your tax return, this may lead to the disallowance of the credit for taxes paid to other states. 5. Credit limitations: There might be limitations on the amount of credit you can claim, which could result in not receiving the full credit you expected. It is essential to review the specific tax laws, guidelines, and your unique tax situation to determine your eligibility for the credit for taxes paid to other states. If you are uncertain or need further guidance, consider consulting a tax professional who can provide personalized assistance for your situation.
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Michael Eaton, CPA
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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.

Find write-offs.
File taxes.

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

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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