Tax Credits

Income Tax Paid to Another State or Canadian Province Credit - 32 V.S.A. § 5825

Purpose: Prevent taxation of same income of Vermont residents by more than one taxing jurisdiction.

Credit Amount: The lesser of the income tax to the other state or Canadian province or the Vermont tax computed on that income.

Credit Limitation: Cannot exceed Vermont tax liability. MUST attach copy of the other state or Canadian provincial tax return.

For More Information:
Vermont Department of Taxes
133 State Street
Montpelier, Vermont 05633
Tel: 866-828-2865 (toll-free in Vermont)
802-828-2865 (local & out-of-state)

Other Tax Credits:
- Affordable Housing
- Angel Venture Capital
- Charitable Housing
- Commercial Film Production
- Income Tax Paid to Another
  State or Canadian Province
- Low Income Child &
  Dependent Care
- Qualified Sale of Mobile
  Home Park
- Vermont Earned Income
  Credit
- Vermont Employment
  Growth Incentive (VEGI)
- Vermont Higher Education
  Investment
- Vermont Seed Capital Fund