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Individual Income Tax Declaration for Electronic Filing Revenue Louisiana Form

Individual Income Tax Declaration for Electronic Filing Revenue Louisiana Form

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all right for this video we want to take a look at louisiana's state earned income tax credit right so we're very familiar with the federal earned income tax credit which is computed and reported on your form 1040 but what a lot of taxpayers don't know is that many states in the u.s about 30 have their own version of the state eic so if you are a resident in a state like louisiana not only can you qualify for and claim the federal eic but you might be able to get a knee i see credit at the louisiana state level as well so louisiana state eic it's not very high it's it's only five percent of whatever your federal eic amount is but nevertheless it's still very important to claim this because it is money right so you want to reduce your state income tax liability as much as possible so in this example here we have john q taxpayer he's a single filer living in the state of louisiana he has no qualifying children but he&#39

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