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Louisiana Resident Income Tax Return
Extracted from PDF file 2023-louisiana-form-it-540.pdf, last modified November 2008Resident Income Tax Return
LOUISIANA FILE ONLINE Fast. Easy. Absolutely Free. revenue.louisiana.gov/fileonline Are you due a refund? If you file this paper return, it will take up to 14 weeks to get your refund check. With Louisiana File Online and direct deposit, you can receive your refund within 45 days. Mark Box: IT-540-WEB (Page 1 of 4) IMPORTANT! 2023 LOUISIANA RESIDENT Name Change Decedent Filing Spouse Decedent Address Change Amended Return You must enter your SSN below in the same order as shown on your federal return. Your legal first name Init. Last name Suffix If joint return, spouse’s name Init. Last name Suffix Your SSN Spouse’s SSN Present home address (number and street including rural route) Unit Type City, Town, or APO State Number ZIP Area code and daytime telephone number Foreign Nation, if not United States (do not abbreviate) NOL Carryback MM D D Y Y Y Y MM D D Y Y Y Y Your Date of Birth Spouse’s Date of Birth 6 EXEMPTIONS: FILING STATUS: Enter the appropriate number in the filing status box. It must agree with your federal return. Enter a “1” in box if single. X 6A Yourself 65 or older Blind Spouse 65 or older Blind Enter a “2” in box if married filing jointly. 6B Enter a “3” in box if married filing separately. Qualifying Surviving Spouse Total of 6A & 6B Enter a “4” in box if head of household. If the qualifying person is not your dependent, enter name here. Enter a “5” in box if qualifying surviving spouse. If the qualifying person is not your dependent, enter name here. 6C DEPENDENTS – Enter dependent information below. If you have more than 6 dependents, attach a statement to your return with the required information. Enter the number of dependents claimed on Federal Form 1040 or 1040-SR in the boxes here. First Name Last Name Social Security Number IMPORTANT! All four (4) pages of this return MUST be mailed in together along with your W-2s and completed schedules. Please paperclip. Do not staple. Relationship to you 6C Birth Date (mm/dd/yyyy) 6D EXEMPTIONS – Total of 6A, 6B, and 6C 6D 6E DEPENDENTS FOR CERTAIN ADOPTIONS DEDUCTION – Enter the number of dependents included on Line 6C for whom you are claiming the Deduction for Certain Adoptions. 6E Enter name here. _________________________________ 6F TOTAL EXEMPTIONS – Subtract Line 6E from Line 6D. 6F FOR OFFICE USE ONLY Field Flag WEB 62430 2023 Form IT-540-WEB (Page 2 of 4) Enter your Social Security Number. If you are not required to file a federal return, indicate wages here. 7 FEDERAL ADJUSTED GROSS INCOME – If your Federal Adjusted Gross Income is less than zero, enter “0.” Mark this box and enter zero “0” on Line 12. From Louisiana Schedule E, attached 7 If you did not itemize your deductions on your federal return, leave Lines 8A through 8D blank and go to Line 9. 8A FEDERAL ITEMIZED DEDUCTIONS 8A 8B FEDERAL ITEMIZED DEDUCTION FOR MEDICAL AND DENTAL EXPENSES 8B 8C FEDERAL STANDARD DEDUCTION 8C 8D EXCESS FEDERAL ITEMIZED DEDUCTIONS – Subtract Line 8C from Line 8B. 8D 9 YOUR LOUISIANA TAX TABLE INCOME – Subtract Line 8D from Line 7. If less than zero, enter “0.” Use this figure to find your tax in the tax tables. 9 10 YOUR LOUISIANA INCOME TAX – Enter the amount from the tax table that corresponds with your filing status. 10 11 NONREFUNDABLE PRIORITY 1 CREDITS – From Schedule C, Line 6 11 12 TAX LIABILITY AFTER NONREFUNDABLE PRIORITY 1 CREDITS – Subtract Line 11 from Line 10. If the result is less than zero, or you are not required to file a federal return, enter zero “0.” 12 13 2023 LOUISIANA REFUNDABLE CHILD CARE CREDIT – Your Federal Adjusted Gross Income must be EQUAL TO OR LESS THAN $25,000 to claim the credit on this line. See the instructions and the Refundable Child Care Credit Worksheet. 13 13A Enter the qualified expense amount from the Refundable Child Care Credit Worksheet, Line 3. 13A 13B Enter the amount from the Refundable Child Care Credit Worksheet, Line 6. 13B 14 2023 LOUISIANA REFUNDABLE SCHOOL READINESS CREDIT – Your Federal Adjusted Gross Income must be EQUAL TO OR LESS THAN $25,000 to claim the credit on this line. See the Refundable School Readiness Credit Worksheet. 14 5 4 3 2 15 EARNED INCOME CREDIT – See Louisiana Earned Income Credit (LA EIC) Worksheet, Line 3. 15 16 OTHER REFUNDABLE PRIORITY 2 CREDITS – From Schedule F, Line 9 16 17 TOTAL REFUNDABLE PRIORITY 2 CREDITS – Add Lines 13, and 14 through 16. Do not include amounts on Lines 13A and 13B. 17 18 TAX LIABILITY AFTER REFUNDABLE PRIORITY 2 CREDITS 18 19 OVERPAYMENT AFTER REFUNDABLE PRIORITY 2 CREDITS 19 20 NONREFUNDABLE PRIORITY 3 CREDITS – From Schedule J, Line 16 20 21 ADJUSTED LOUISIANA INCOME TAX – Subtract Line 20 from Line 18. 21 CONTINUE ON NEXT PAGE. Enter the first 4 letters of your last name in these boxes. WEB 62431 2023 Form IT-540-WEB (Page 3 of 4) Enter your Social Security Number. No use tax due. 22A CONSUMER USE TAX – You must mark one of these boxes. 22A Amount from the Consumer Use Tax Worksheet. No usage fee due. 22B ELECTRIC AND HYBRID VEHICLE ROAD USAGE FEE 22B REFUND DUE PAYMENTS Amount from Form R-19000A. 23 TOTAL INCOME TAX, CONSUMER USE TAX, AND ELECTRIC AND HYBRID VEHICLE ROAD USAGE FEE – Add Lines 21, 22A, AND 22B. 23 24 OVERPAYMENT OF REFUNDABLE PRIORITY 2 CREDITS – Enter the amount from Line 19. 24 25 REFUNDABLE PRIORITY 4 CREDITS – From Schedule I, Line 6 25 26 AMOUNT OF LOUISIANA TAX WITHHELD FOR 2023 – Attach Forms W-2 and 1099. 26 27 AMOUNT OF CREDIT CARRIED FORWARD FROM 2022 27 28 AMOUNT OF ESTIMATED PAYMENTS MADE FOR 2023 28 29 AMOUNT OF EXTENSION PAYMENT 29 30 TOTAL REFUNDABLE TAX CREDITS AND PAYMENTS – Add Lines 24 through 29. 30 31 OVERPAYMENT – If Line 30 is greater than Line 23, subtract Line 23 from Line 30. Your overpayment may be reduced by the Underpayment of Estimated Tax Penalty. Otherwise, go to Line 38. 31 32 UNDERPAYMENT PENALTY – See the instructions for Underpayment Penalty and Form R-210R. If you are a farmer, check the box. 32 33 ADJUSTED OVERPAYMENT – If Line 31 is greater than Line 32, subtract Line 32 from Line 31, and enter on Line 33. If Line 32 is greater than Line 31, subtract Line 31 from Line 32, and enter the balance on Line 38. 33 34 TOTAL DONATIONS – From Schedule D, Line 22 34 35 SUBTOTAL – Subtract Line 34 from Line 33. This amount of overpayment is available for credit or refund. 35 36 AMOUNT OF LINE 35 TO BE CREDITED TO 2024 INCOME TAX CREDIT 36 AMOUNT TO BE REFUNDED – Subtract Line 36 from Line 35. If mailing to LDR, use Address 2 on the next page. Enter a “2” in box if you want to receive your refund by paper check. 37 Enter a “3” in box if you want to receive your refund by direct deposit. Complete information below. If information is unreadable, you are filing for the first time, or if you do not make a refund selection, you will receive your refund by paper check. REFUND 37 DIRECT DEPOSIT INFORMATION Type: Checking Savings Routing Number Will this refund be forwarded to a financial institution located outside the United States? Yes No Account Number COMPLETE AND SIGN RETURN ON NEXT PAGE. Enter the first 4 letters of your last name in these boxes. WEB 62432 2023 Form IT-540-WEB (Page 4 of 4) AMOUNTS DUE LOUISIANA Enter your Social Security Number. 38 AMOUNT YOU OWE – If Line 23 is greater than Line 30, subtract Line 30 from Line 23. 38 39 ADDITIONAL DONATION TO THE MILITARY FAMILY ASSISTANCE FUND 39 40 ADDITIONAL DONATION TO THE COASTAL PROTECTION AND RESTORATION FUND 40 41 ADDITIONAL DONATION TO LOUISIANA FOOD BANK ASSOCIATION 41 42 INTEREST – From the Interest Calculation Worksheet, Line 5. 42 43 DELINQUENT FILING PENALTY – From the Delinquent Filing Penalty Calculation Worksheet, Line 3. 43 44 DELINQUENT PAYMENT PENALTY – From Delinquent Payment Penalty Calculation Worksheet, Line 7. 44 45 UNDERPAYMENT PENALTY – See the instructions for Underpayment Penalty and Form R-210R. If you are a farmer, check the box. 45 46 BALANCE DUE LOUISIANA – Add Lines 38 through 45. If mailing to LDR, use address 1 below. For electronic payment options, see instructions. 46 PAY THIS AMOUNT. DO NOT SEND CASH. IMPORTANT ! All four (4) pages of this return MUST be mailed in together along with your W-2s and completed schedules. Please paperclip. Do not staple. Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. If I made a contribution to a START Savings Program, I consent that my Social Security Number may be given to the Louisiana Office of Student Financial Assistance to properly identify the START Savings Program account holder. If married filing jointly, both Social Security Numbers may be submitted. I understand that by submitting this form I authorize the disbursement of individual income tax refunds through the method as described on Line 37. Your Signature Date (mm/dd/yyyy) Print/Type Preparer’s Name PAID PREPARER USE ONLY Spouse’s Signature (If filing jointly, both must sign.) Preparer’s Signature Date (mm/dd/yyyy) Firm’s Name ➤ Firm’s FEIN ➤ Firm’s Address ➤ Telephone ➤ Enter the first 4 letters of your last name in these boxes. Date (mm/dd/yyyy) Check ■ if Self-employed { Ad d r es s } Individual Income Tax Return Calendar year return due 5/15/2024 1 2 Mail Balance Due Return with Payment TO: Department of Revenue P. O. Box 3550 Baton Rouge, LA 70821-3550 Mail All Other Individual Income Tax Returns TO: Department of Revenue P. O. Box 3440 Baton Rouge, LA 70821-3440 PTIN, FEIN, or LDR Account Number of Paid Preparer For Office Use Only. WEB 62433 ATTACH TO RETURN IF COMPLETED. Enter your Social Security Number. SCHEDULE C – 2023 NONREFUNDABLE PRIORITY 1 CREDITS 1 CREDIT FOR TAX LIABILITIES PAID TO OTHER STATES – A copy of the return filed with the other states and Form R-10606 must be submitted with this schedule. 1A Enter the total of Net Tax Liability Paid to Other States from Form R-10606. 1A 1B Enter the Credit for Taxes Paid to Other States from Form R-10606. 1B Additional Nonrefundable Priority 1 Credits Enter credit description and associated code, along with the dollar amount of credit claimed. See the instructions. Credit Description Credit Code 2 2 3 3 4 4 5 5 6 TOTAL NONREFUNDABLE PRIORITY 1 CREDITS – Add Lines 1B, and 2 through 5. Also, enter this amount on Form IT-540, Line 11. Description Code Description Code Premium Tax 100 Qualified Playgrounds 150 Bone Marrow 120 Debt Issuance 155 Amount of Credit Claimed 6 Description Other File electronically! www.revenue.louisiana.gov/fileonline Code 199 WEB 62434 ATTACH TO RETURN IF COMPLETED. Enter your Social Security Number. SCHEDULE D – 2023 DONATION SCHEDULE 1 1 Adjusted Overpayment – From IT-540, Line 33 2 The Military Family Assistance Fund 2 12 Louisiana National Guard Honor Guard for Military Funerals 12 3 Coastal Protection and Restoration Fund 3 13 Louisiana State Troopers Charities, Inc. 13 4 The START Program 4 14 Louisiana Coalition Against Domestic Violence 14 5 Wildlife Habitat and Natural Heritage Trust Fund 5 15 Dreams Come True, Inc. 15 6 Louisiana Cancer Trust Fund 6 16 Sexual Trauma Awareness and Response (STAR) 16 7 Louisiana Pet Overpopulation Advisory Council 7 17 Louisiana State University Agricultural Center Grant Walker Educational Center (4-H Camp Grant Walker) 17 8 Louisiana Food Bank Association 8 18 Maddie’s Footprints 18 9 Make-A-Wish Foundation of the Texas Gulf Coast and Louisiana 9 19 University of New Orleans Foundation 19 10 Louisiana Association of United Ways/LA 2-1-1 10 20 Southeastern Louisiana University Foundation 20 11 American Red Cross 11 21 Holden’s Hope 21 22 TOTAL DONATIONS – Add Lines 2 through 21. This amount cannot be more than Line 1. Also, enter this amount on Form IT-540, Line 34. DONATIONS OF LINE 1 DONATIONS OF LINE 1 Individuals who file an individual income tax return and have overpaid their tax may choose to donate all or part of their overpayment shown on Line 33 of Form IT-540 to the organizations or funds listed below. Enter on Lines 2 through 21, the portion of the overpayment you wish to donate. The total on Line 22 cannot exceed the amount of your overpayment on Line 33 of Form IT-540. 22 WEB 62435 ATTACH TO RETURN IF COMPLETED. SCHEDULE E – 2023 ADJUSTMENTS TO INCOME Enter your Social Security Number. FEDERAL ADJUSTED GROSS INCOME – Enter the amount from your Federal Form 1040 or 1040-SR, Line 11. Check box if amount is less than zero. 1 2A INTEREST AND DIVIDEND INCOME FROM OTHER STATES AND THEIR POLITICAL SUBDIVISIONS 2A 2B RECAPTURE OF START CONTRIBUTIONS 2B 2C RECAPTURE OF START K12 CONTRIBUTIONS 2C 2D ADD BACK OF PASS – THROUGH ENTITY LOSS 2D TOTAL – Add Lines 1, 2A, 2B, 2C, and 2D. 3 1 3 EXEMPT INCOME – Enter on Lines 4A through 4G the amount of exempted income included in Line 1 above. Enter the description and associated code, along with the dollar amount. See the instructions. Exempt Income Description Code Amount 4A E 4A 4B E 4B 4C E 4C 4D E 4D 4E E 4E 4F E 4F 4G E 4G 4H 5 EXEMPT INCOME – Add Lines 4A through 4G. 4H LOUISIANA ADJUSTED GROSS INCOME – Subtract Line 4H from Line 3. Also, enter this amount on Form IT-540, Line 7. Mark the box on Form IT-540, Line 7, indicating that Schedule E was used. 5 Description - See instructions. Code Interest and Dividends on U.S. Government Obligations 01E Louisiana State Employees’ Retirement Benefits Taxpayer date retired: M M Y Y Y Y Spouse date retired: M M Y Y Y Y Spouse date retired: M M Y Y Y Y Spouse date retired: M M Y Y Y Y 02E Louisiana State Teachers’ Retirement Benefits Taxpayer date retired: M M Y Y Y Y 03E Federal Retirement Benefits Taxpayer date retired: M M Y Y Y Y 04E Other Retirement Benefits – Provide name or statute: _______________________________________________ Taxpayer date retired: M M Y Y Y Y Spouse date retired: M M Y Y Y Y 05E Annual Retirement Income Exemption for Taxpayers 65 or over 06E Provide name of pension or annuity: _______________________________________________________________ Description - See instructions. Code Taxable Amount of Social Security Native American Income START Savings Program Contribution Military Pay Exclusion Road Home Recreation Volunteer Volunteer Firefighter Voluntary Retrofit Residential Structure Elementary and Secondary School Tuition Educational Expenses for Home-Schooled Children Educational Expenses for Quality Public Education Capital Gain from Sale of Louisiana Business Employment of Certain Qualified Disabled Individuals S Bank Shareholder Income Exclusion Entity Level Taxes Paid to Other States Pass - Through Entity Exclusion IRC 280C Expense COVID-19 Relief Benefits START K12 Savings Program Contributions Digital Nomads Certain Adoptions 07E 08E 09E 10E 11E 13E 14E 16E 17E 18E 19E 20E 21E 22E 23E 24E 25E 27E 28E 29E 30E Other, see instructions. Identify: ____________________________________________ 49E File electronically! www.revenue.louisiana.gov/fileonline WEB 62436 ATTACH TO RETURN IF COMPLETED. 2023 Louisiana School Expense Deduction Worksheet Your Name I. II. Your Social Security Number This worksheet should be used to calculate the three School Expense Deductions listed below. Refer to Revenue Information Bulletins 09-019 and 12-008 on LDR’s website for more information. Expenses paid with amounts deducted as START K12 Savings Program Contributions are not eligible for this deduction. 1. Elementary and Secondary School Tuition – R.S. 47:297.10 provides a deduction for amounts paid during the tax year for tuition and fees required for your dependent child’s enrollment in a nonpublic elementary or secondary school that complies with the criteria set forth in Brumfield v. Dodd and Section 501(c)(3) of the Internal Revenue Code or to any public elementary or secondary laboratory school that is operated by a public college or university. The school can verify that it complies with the criteria. The deduction is equal to the actual amount of tuition and fees paid per dependent, limited to $5,000. The tuition and fees that can be deducted include amounts paid for tuition, fees, uniforms, textbooks and other supplies required by the school. 2. Educational Expenses for Home-Schooled Children – R.S. 47:297.11 provides a deduction for educational expenses paid during the tax year for home-schooling your dependent child. In order to qualify for the deduction, you must be approved by the State Board of Elementary and Secondary Education (BESE) for home-schooling. The deduction is equal to 50 percent of the actual qualified educational expenses paid for the home-schooling per dependent, limited to $5,000. Qualified educational expenses include amounts paid for the purchase of textbooks and curricula necessary for home-schooling. 3. Educational Expenses for a Quality Public Education – R.S. 47:297.12 provides a deduction for the fees or other amounts paid during the tax year for a quality education of a dependent child enrolled in a public elementary or secondary school, including Louisiana Department of Education approved charter schools. The deduction is equal to 50 percent of the amounts paid per dependent, limited to $5,000. The amounts that can be deducted include amounts paid for uniforms, textbooks and other supplies required by the school. On the chart below, list the name of each qualifying dependent and the name of the school the student attends. If the student is home-schooled, enter “home-schooled.” Enter an “X” in the box in column 1 if your dependent qualifies for the Elementary and Secondary School Tuition deduction, column 2 for Educational Expenses for Home-Schooled Children deduction, or column 3 for Quality Public Education deduction. If you have more than six qualifying dependents, attach a statement to your return with the required information. Student Name of Qualifying Dependent Deduction as described above in Section I Name of School 1 2 3 A B C D E F III. Using the letters that correspond to each qualifying dependent listed in Section II, list the amount paid per student for each qualifying expense. For students attending a qualifying school, the expense must be for an item required by the school. Refer to the information in Section I to determine which expenses qualify for the deduction. Retain copies of canceled checks, receipts and other documentation in order to support the amount of qualifying expenses. If you checked column 1 in Section II, skip the 50% calculation below; however, the deduction is still limited to $5,000. Qualifying Expense List the amount paid for each student as listed in Section II. A B C D E F 50% 50% 50% 50% 50% 50% Tuition and Fees School Uniforms Textbooks or Other Instructional Materials Supplies Total (add amounts in each column) If column 2 or 3 in Section II was checked, multiply by: Deduction per Student – Enter the result or $5,000, whichever is less. IV. Total the Deduction per Student in Section III, based on the deduction for which the students qualified as marked in boxes 1, 2, or 3 in Section II. Enter the Elementary and Secondary School Tuition Deduction here and on IT-540, Schedule E, code 17E. $ Enter the Educational Expenses for Home-Schooled Children Deduction here and on IT-540, Schedule E, code 18E. $ Enter the Educational Expenses for a Quality Public Education Deduction here and on IT-540, Schedule E, code 19E. $ WEB 62408 ATTACH TO RETURN IF COMPLETED. Enter your Social Security Number. SCHEDULE F – 2023 REFUNDABLE PRIORITY 2 CREDITS Enter credit description and associated code, along with the dollar amount of credit claimed. See the instructions. Credit Description Credit Code Amount of Credit Claimed 1 F 1 2 F 2 3 F 3 4 F 4 5 F 5 5A School Readiness Child Care Directors and Staff Credit - Facility License Number Transferable, Refundable Priority 2 Credits Enter the State Certification Number from Form R-6135, along with the dollar amount of credit claimed. See the instructions. Credit Description Credit Code 6 2 F Musical and Theatrical Production 6 2 F Musical and Theatrical Production 6 2 F 6. Musical and Theatrical Production Amount of Credit Claimed 6 6A. 7. 7 7A. 8. 8 8A. 9. OTHER REFUNDABLE PRIORITY 2 CREDITS – Add Lines 1 through 8. Also, enter this amount on Form IT-540, Line 16. Description Ad Valorem Offshore Vessels Code 52F Telephone Company Property 54F Prison Industry Enhancement 55F Milk Producers 58F Description Technology Commercialization School Readiness Child Care Provider School Readiness Child Care Directors and Staff School Readiness Business – Supported Child Care Code Description 9 Code Description Code 59F School Readiness Fees and Grants to Resource and Referral Agencies 68F Funeral and Burial Expense for a Pregnancy-related Death 77F 65F Retention and Modernization 70F Adoption of Unrelated Infant 78F 66F Digital Interactive Media & Software 73F Other Refundable Credit 80F 67F Stillborn Child 76F WEB 62437 ATTACH TO RETURN IF COMPLETED. Enter your Social Security Number. SCHEDULE I – 2023 REFUNDABLE PRIORITY 4 CREDITS Enter credit description and associated code, along with the dollar amount of credit claimed. See the instructions. Credit Description Credit Code Amount of Credit Claimed 1 F 1 2 F 2 3 F 3 4 F 4 5 F 5 6 TOTAL REFUNDABLE PRIORITY 4 CREDITS – Add Lines 1 through 5. Also, enter this amount on Form IT-540, Line 25. Description 6 Code Inventory Tax 50F Ad Valorem Natural Gas 51F WEB 62438 ATTACH TO RETURN IF COMPLETED. Enter your Social Security Number. SCHEDULE J – 2023 NONREFUNDABLE PRIORITY 3 CREDITS Nonrefundable Child Care Credits 1 FEDERAL CHILD CARE CREDIT – Enter the amount from your Federal Form 1040 or 1040-SR, Schedule 3, Line 2. This amount will be used to compute your 2023 Louisiana Nonrefundable Child Care Credit. 1 2 2023 LOUISIANA NONREFUNDABLE CHILD CARE CREDIT – Your Federal Adjusted Gross Income must be GREATER THAN $25,000 in order to claim a credit on this line. See the Nonrefundable Child Care Credit Worksheet. 2 3 AMOUNT OF LOUISIANA NONREFUNDABLE CHILD CARE CREDIT CARRIED FORWARD FROM 2018 THROUGH 2022 – See the Nonrefundable Child Care Credit Worksheet. 3 4 2023 LOUISIANA NONREFUNDABLE SCHOOL READINESS CREDIT – Your Federal Adjusted Gross Income must be GREATER THAN $25,000 in order to claim a credit on this line. See the Nonrefundable School Readiness Credit Worksheet. 5 5 4 3 4 2 AMOUNT OF LOUISIANA NONREFUNDABLE SCHOOL READINESS CREDIT CARRIED FORWARD FROM 2018 THROUGH 2022 – See the Nonrefundable School Readiness Credit Worksheet. 5 Additional Nonrefundable Priority 3 Credits Enter credit description and associated code, along with the dollar amount of credit claimed. See the instructions. Credit Description Credit Code Amount of Credit Claimed 6 6 7 7 8 8 9 9 10 10 11 11 IMPORTANT! Only these codes can be claimed on Lines 6 through 11. Description Code Description Code Description Code Description Code Organ Donation 202 Other 399 LA Work Opportunity 461 Cane River Heritage 506 Previously Unemployed 208 Refunds by Utilities 412 Youth Jobs 462 Ports of Louisiana Investor 508 221 Donation to School Tuition Organization 424 Apprenticeship (2022) 463 Enterprise Zone 510 464 Recycling Credit 550 465 Other 599 Owner of Accessible and Barrier-free Home New Jobs Credit 224 QMC Music Job Creation Credit 454 Donation to Qualified Foster Care Charitable Organization Eligible Re-entrants 228 Neighborhood Assistance 457 Firearm Safety Devices Apprenticeship (2007) 236 Research and Development 458 Tax Equalization 305 Ports of Louisiana Import Export Cargo 459 Manufacturing Establishments 310 LA Import 460 Inventory Tax Credit Carried Forward and ITEP Ad Valorem Natural Gas Credit Carried Forward Atchafalaya Trace 500 502 504 CONTINUE ON NEXT PAGE. File electronically! www.revenue.louisiana.gov/fileonline WEB 62439 ATTACH TO RETURN IF COMPLETED. Enter your Social Security Number. SCHEDULE J – 2023 NONREFUNDABLE PRIORITY 3 CREDITS ...CONTINUED Transferable, Nonrefundable Priority 3 Credits Enter credit description, associated code, along with the dollar amount of credit claimed and the State Certification Number from Form R-6135. See the instructions. Credit Description Credit Code Amount of Credit Claimed 12 12 12A 13 13 13A 14 14 14A 15 15 15A 16 TOTAL NONREFUNDABLE PRIORITY 3 CREDITS – Add Lines 2 through 15. Also, enter this amount on Form IT-540, Line 20. 16 IMPORTANT! Only these codes can be claimed on Lines 12 through 15. Description Code Description Code Description Description Code Code Motion Picture Investment 251 Capital Company 257 New Markets 259 Angel Investor 262 Research and Development 252 LCDFI 258 Motion Picture Infrastructure 261 Other 299 Historic Structures 253 File electronically! www.revenue.louisiana.gov/fileonline WEB 62440 ATTACH THIS WORKSHEET TO YOUR RETURN IF COMPLETED. 2023 Louisiana Refundable Child Care Credit Worksheet (For use with Form IT-540) Your Name Social Security Number Your Federal Adjusted Gross Income must be $25,000 or less in order to complete this form. See the Louisiana Child Care Credit instructions. 1. Care Provider Information Schedule – Complete columns A through E for each person or organization that provided care to your child. You may use Federal Form W-10, supplied by your provider, to obtain the information. If your care provider does not provide a Federal Form W-10, complete those parts of the Care Provider Information Schedule for which you have the information. If your child attended a child care facility that participated in the Quality Start program, you must enter the facility license number from Form R-10614 in column D. You must follow the same rules of “Due Diligence” as the IRS requires if you do not have all of the care provider information. See IRS 2023 Publication 503 for information on “Due Diligence.” Retain copies of canceled checks, receipts and other documentation in order to support the amount of qualifying expenses or submit this documentation with the return for faster processing. If additional lines are required for Lines 1 or 2, attach a schedule. Falsification of any information provided on this form constitutes fraud and can result in criminal penalties. A B Address (number, street, apartment number, city, state, and ZIP) Care provider’s name C Identifying number (SSN or EIN) D Facility license number E Amount paid (See instructions.) .00 .00 .00 .00 .00 2. For each child under age 13, enter their name in column F, their Social Security Number in column G, and the amount of Qualified Expenses you incurred and paid in 2023 in column H. See the definitions in the instructions for information on Qualified Expenses. F Qualifying person’s name First Last G H Qualifying person’s Social Security Number Qualified expenses you incurred and paid in 2023 for the person listed in column (F) .00 .00 .00 .00 .00 Add the amounts in column H, Line 2. Do not enter more than $3,000 for one qualifying person or $6,000 for two or more persons. Enter this amount here and on Form IT-540, Line 13A. 3 4 Enter your earned income. See the definitions in the instructions. 4 5 If married filing jointly, enter your spouse’s earned income (if your spouse was a student or was disabled, see IRS Publication 503). All other filing statuses, enter the amount from Line 4. 5 6 Enter the smallest of Lines 3, 4, or 5. Enter this amount on Form IT-540, Line 13B. 6 .00 Enter your Federal Adjusted Gross Income from Form IT-540, Line 7, or Schedule E, Line 1, if filed. Enter on Line 8 the decimal amount shown below that applies to the amount on Line 7. 7 .00 3 7 8 9 If Line 7 is: over but not over decimal amount $0 $15,000 $17,000 $19,000 $21,000 $23,000 $15,000 $17,000 $19,000 $21,000 $23,000 $25,000 .35 .34 .33 .32 .31 .30 Multiply Line 6 by the decimal amount on Line 8. 8 .00 .00 .00 X ._________ 9 10 Multiply Line 9 by 50 percent and enter this amount on Line 11. 10 11 Enter this amount on Form IT-540, Line 13. 11 .00 X .50 .00 WEB 62413 ATTACH THIS WORKSHEET TO YOUR RETURN IF COMPLETED. 2023 Louisiana Refundable School Readiness Credit Worksheet (For use with Form IT-540) Your Name Social Security Number R.S. 47:6104 provides a School Readiness Credit in addition to the credit for child care expenses as provided under R.S. 47:297.4. To qualify for this credit, the taxpayer must have Federal Adjusted Gross Income of $25,000 or less and must have incurred child care expenses for a qualified dependent under age six who attended a child care facility that is participating in the Quality Start Rating program administered by the Louisiana Department of Education. The qualifying child care facility must have provided the taxpayer with Form R-10614 which verifies the facility’s name, the facility license number, the LA Revenue Account number, the Quality Star Rating, and the rating award date. A copy of Form R-10614 must be attached to your return. You must enter the facility license number in column D on Line 1 of the 2023 Louisiana Refundable Child Care Credit Worksheet to receive this credit. Retain copies of canceled checks, receipts and other documentation in order to support the amount of qualifying expenses. Complete this worksheet only if you claimed a Louisiana Refundable Child Care Credit on Form IT-540, Line 13. 1. Enter the amount of 2023 Louisiana Refundable Child Care Credit found on the Louisiana Refundable Child Care Credit Worksheet, Line 11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 . 00 Using the Quality Star Rating of the child care facility that your qualified dependent attended during 2023, shown on Form R-10614, determine the applicable percentage for the School Readiness Credit from the chart shown below: (A) Quality Rating (B) Percentages for Star Rating Five Star 200% (2.0) Four Star 150% (1.5) Three Star 100% (1.0) Two Star 50% (.50) One Star 0% (.00) 2. Enter the number of your qualified dependents under age six who attended a: Five Star Facility ________ and multiply the number by 2.0 . . . . . . . . . . . (i) __________ . ______ Four Star Facility ________ and multiply the number by 1.5 . . . . . . . . . . . (ii) __________ . ______ Three Star Facility ________ and multiply the number by 1.0 . . . . . . . . . . . (iii) __________ . ______ Two Star Facility ________ and multiply the number by .50 . . . . . . . . . . . (iv) __________ . ______ 3. Add lines (i) through (iv) and enter the result. Be sure to include the decimal. . . . . . . . . . . . . . . . . . . . . . 3 __________ . ______ 4. Multiply Line 1 by the total on Line 3. If the number results in a decimal, round to the nearest dollar and enter the result here and on Form IT-540, Line 14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 ______________ . 00 On Form IT-540, Line 14 enter in the boxes designated for 5, 4, 3, or 2 the number of your qualified dependents as shown on Line 2 above for the associated star rated facility. 2023 Louisiana Earned Income Credit Worksheet R.S. 47:297.8 allows a refundable credit for resident individuals who claimed and received a Federal Earned Income Credit (EIC). The Federal EIC is available for certain individuals who work, have a valid Social Security Number, and have a qualifying child, or are between ages 25 and 64. These individuals cannot be a qualifying child or dependent of another person. Complete only if you claimed a Federal Earned Income Credit (EIC) 1. Federal Earned Income Credit – Enter the amount from Federal Form 1040 or 1040-SR, Line 27. . . . . . . . . . . . . . . . . . . 1 2. Multiply Line 1 above by 5 percent, round to the nearest dollar, and enter the result on Line 3. . . . . . . . . . . . . . . . . . . . 2 3. Enter this amount on Form IT-540, Line 15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 WEB . 00 X .05 . 00 62414 ATTACH THIS WORKSHEET TO YOUR RETURN IF COMPLETED. Your Name Social Security Number 2023 Louisiana Nonrefundable Child Care Credit Worksheet (For use with Form IT-540) 1 Enter Federal Child Care Credit from Federal Form 1040 or 1040-SR, Schedule 3, Line 2. NOTE: Retain copies of canceled checks, receipts and other documentation in order to support the amount of qualifying expenses. 1 .00 Enter the applicable percentage from the chart shown below. 1A 2 Federal Adjusted Gross Income $25,001 – $35,000 $35,001 – $60,000 over $60,000 Percentage 1A 30% (.30) 10% (.10) 10% (.10) Multiply your Federal Child Care Credit shown on Line 1 by the percentage shown on Line 1A. If your Federal Adjusted Gross Income is less than or equal to $60,000, this is your available Nonrefundable Child Care Credit for 2023. Proceed to Line 3. X . _______ 2 .00 Important! If your Federal Adjusted Gross Income is greater than $60,000, the amount on Line 2 is limited 2A to the LESSER of $25.00, or 10 percent of the federal credit. If Line 2 is greater than $25.00, enter $25 here. 2A This is your available Nonrefundable Child Care Credit for 2023. 3 Enter the amount of Louisiana income tax from Form IT-540, Line 18. 3 4 If Line 3 is equal to zero, your entire Child Care Credit for 2023 (Line 2 or 2A above) will be carried forward to 2024. Also, any available carryforward from 2018 through 2022 will be carried forward to 2024. If Line 3 is equal to zero, enter zero “0” on Form IT-540, Schedule J, Lines 2 and 3. Stop here; you are finished with the worksheet. 4 .00 .00 Use Lines 5 through 8 to determine the amount of Nonrefundable Child Care Credit Carryforward from 2018 through 2022 utilized for 2023. 5 If Line 3 above is greater than zero, enter the amount from Line 3. 5 .00 6 Enter the amount of any Child Care Credit Carryforward from 2018 through 2022. 6 .00 7 Subtract Line 6 from Line 5. 7 .00 8 If Line 7 is less than or equal to zero, the amount of Child Care Credit Carryforward used for 2023 is equal to Line 5 above. Enter the amount from Line 5 above on Form IT-540, Schedule J, Line 3. If Line 7 is less than zero, subtract Line 5 from Line 6 and enter the result here. This amount is your unused Child Care Credit Carryforward from 2018 through 2022 that can be carried forward to 2024. Also, your entire Child Care Credit for 2023 (Line 2 or 2A above) will be carried forward to 2024. Stop here; you are finished with the worksheet. 8 .00 Use Lines 9 through 13 to determine the amount of Child Care Credit Carryforward utilized from 2018 through 2022 plus any amount of your 2023 Child Care Credit. 9 If Line 7 above is greater than zero, enter the amount of carryforward shown on Line 6 above on Form IT-540, Schedule J, Line 3. 9 10 If Line 7 above is greater than zero, enter the amount from Line 7. 10 .00 11 Enter the amount of your 2023 Child Care Credit (Line 2 or Line 2A above). 11 .00 12 Subtract Line 11 from Line 10. 12 .00 13 If Line 12 is greater than or equal to zero, your entire Child Care Credit for 2023 (Line 2 or 2A above) has been utilized. Enter the amount from Line 11 above on Form IT-540, Schedule J, Line 2. Stop here; you are finished with the worksheet. 13 Use Line 14 to determine what amount of your 2023 Child Care Credit you can claim. 14 If Line 12 above is less than zero, the amount on Line 10 above is the amount of your 2023 Child Care Credit. Enter the amount from Line 10 above on Form IT-540, Schedule J, Line 2. 14 Use Line 15 to determine the amount of your 2023 Child Care Credit to be carried forward to 2024. 15 If Line 12 above is less than zero, subtract Line 10 from Line 11 to compute your Child Care Credit Carryforward to 2024. Enter the result here and keep this amount for your records. 15 WEB .00 62415 ATTACH THIS WORKSHEET TO YOUR RETURN IF COMPLETED. Your Name Social Security Number 2023 Louisiana Nonrefundable School Readiness Credit Worksheet (For use with Form IT-540) See instructions on page 14. 1 Enter the amount of 2023 Louisiana Nonrefundable Child Care Credit found on the Louisiana Nonrefundable Child Care Credit Worksheet on either Line 2 or Line 2A. 1 .00 Using the star rating of the child care facility that your qualified dependent attended during 2023, shown on Form R-10614, enter the number of your qualified dependents under age six who attended a: 2 Five Star Facility ________ and multiply the number by 2.0 . . . . . . . . . . . (i) __________ . ______ Four Star Facility ________ and multiply the number by 1.5 . . . . . . . . . . . (ii) __________ . ______ Three Star Facility ________ and multiply the number by 1.0 . . . . . . . . . . . (iii) __________ . ______ Two Star Facility ________ and multiply the number by .50 . . . . . . . . . . . (iv) __________ . ______ On Form IT-540, Schedule J, Line 4 enter in the boxes designated for 5, 4, 3, or 2 the number of your qualified dependents as shown above for the associated star rated facility. X ________________._____ 3 Add lines (i) through (iv) and enter the result. Be sure to include the decimal. 3 4 Multiply Line 1 by the total on Line 3. If the number results in a decimal, round to the nearest dollar and enter the result here. This is your available Nonrefundable School Readiness Credit for 2023. 4 5 Enter the amount from Form IT-540, Line 18. 5 .00 6 Add the amounts of Nonrefundable credits from Form IT-540, Schedule J, Lines 2 and 3. 6 .00 7 Subtract Line 6 from Line 5. 7 .00 8 If Line 7 is less than or equal to zero, your entire School Readiness Credit for 2023 (Line 4) will be carried forward to 2024. Also, any available carryforward from 2018 through 2022 will be carried forward to 2024. If Line 7 above is less than or equal to zero, enter zero “0” on Form IT-540, Schedule J, Lines 4 and 5. Stop here; you are finished with the worksheet. .00 Use Lines 9 through 12 to determine the amount of Nonrefundable School Readiness Credit Carryforward from 2018 through 2022 utilized for 2023. 9 If Line 7 above is greater than zero, enter the amount from Line 7. 9 .00 10 Enter the amount of any School Readiness Credit Carryforward from 2018 through 2022. 10 .00 11 Subtract Line 10 from Line 9. 11 .00 12 If Line 11 is less than or equal to zero, the amount of School Readiness Credit Carryforward used for 2023 is equal to Line 9. Enter the amount from Line 9 on Form IT-540, Schedule J, Line 5. If Line 11 is less than zero, subtract Line 9 from Line 10 and enter the result here. This amount is your unused School Readiness Credit Carryforward from 2018 through 2022 that can be carried forward to 2024. Also, your entire School Readiness Credit for 2023 (Line 4) will be carried forward to 2024. Stop here; you are finished with the worksheet. 12 .00 Use Lines 13 through 17 to determine the amount of School Readiness Credit Carryforward utilized from 2018 through 2022 plus any amount of your 2023 School Readiness Credit. 13 If Line 11 above is greater than zero, enter the amount of carryforward shown on Line 10 above on Form IT-540, Schedule J, Line 5. 14 If Line 11 is greater than zero, enter the amount from Line 11. 14 .00 15 Enter the amount of your 2023 School Readiness Credit (Line 4). 15 .00 16 Subtract Line 15 from Line 14. 16 .00 17 If Line 16 is greater than or equal to zero, your entire School Readiness Credit for 2023 (Line 4) has been utilized. Enter the amount from Line 15 on Form IT-540, Schedule J, Line 4. Stop here; you are finished with the worksheet. Use Line 18 to determine what amount of your 2023 School Readiness Credit you can claim. 18 If Line 16 is less than zero, the amount on Line 14 is the amount of your 2023 School Readiness Credit. Enter the amount from Line 14 above on Form IT-540, Schedule J, Line 4. Use Line 19 to determine the amount of your 2023 School Readiness Credit to be carried forward to 2024. 19 If Line 16 is less than zero, subtract Line 14 from Line 15 to compute your School Readiness Credit Carryforward to 2024. Enter the result here and keep this amount for your records. 19 WEB .00 62416
Form IT-540
More about the Louisiana Form IT-540 Individual Income Tax Tax Return TY 2023
This form package includes the Louisiana Resident Income Tax Return and associated schedules.
We last updated the Resident Income Tax Return in January 2024, so this is the latest version of Form IT-540, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form IT-540 directly from TaxFormFinder. You can print other Louisiana tax forms here.
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TaxFormFinder has an additional 34 Louisiana income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Louisiana Form IT-540.
| Form Code | Form Name |
|---|---|
| Form IT-540B | Nonresident Income Tax Return |
| Form IT-540ES | Estimated Tax Voucher for Individuals |
| Form IT-540 Tax Table | Louisiana Tax Table |
| Form IT-540Bi | Louisiana Nonresident Income Tax Return Instructions |
| Form IT-540ESi | Estimated Tax Voucher (Instructions) |
View all 35 Louisiana Income Tax Forms
Form Sources:
Louisiana usually releases forms for the current tax year between January and April. We last updated Louisiana Form IT-540 from the Department of Revenue in January 2024.
Form IT-540 is a Louisiana Individual Income Tax form. Like the Federal Form 1040, states each provide a core tax return form on which most high-level income and tax calculations are performed. While some taxpayers with simple returns can complete their entire tax return on this single form, in most cases various other additional schedules and forms must be completed, depending on the taxpayer's individual situation, to create a complete income tax return package.
About the Individual Income Tax
The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.
Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!
Historical Past-Year Versions of Louisiana Form IT-540
We have a total of thirteen past-year versions of Form IT-540 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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