2023 Form D-400TC - Individual Income Tax Credits
North Carolina income tax credits This form is used to determine the allowable tax for income tax imposed by and paid to another state country that is also taxed by North Carolina. The form includes instructions for calculating the tax credit and limiting it to the tax liability. It also mentions the need to complete Part 1 of the form to determine the allowable tax and Part 3 to limit the credit to the tax liability. The form also advises that if any tax for which a credit has been claimed is refunded by the other state or country, a tax equal to the portion of the credit allowed is due and payable to North Carolina.
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