Virginia Credit for Tax Paid to Another State
Extracted from PDF file 2023-virginia-schedule-osc.pdf, last modified September 2022Credit for Tax Paid to Another State
WEB 2023 Virginia Schedule OSC CREDIT FOR TAX PAID TO ANOTHER STATE Social Security Number - - Name(s) as shown on Virginia return Credit Computation - 1 *VASOSC123888* You must enclose a copy of the return from each state for which you are claiming credit. Fill in oval if claiming border state dollar amount 1. Enter the number listed below to identify the filing status claimed on the other state’s tax return... 1 1. Single 2. Married Filing Jointly 3. Married Filing Separately 4. Unified 5. Other 2. Enter the number listed below to identify the person claiming the credit..................................... 2 1. You 2. Spouse 3. You and Spouse 3. Qualifying taxable income on which the other state’s tax is based.............................................. 3 , , . 00 4. Virginia Taxable Income. See instructions.................................................................................. 4 , , . 00 5. Qualifying tax liability owed to the other state. See instructions.................................................. 5 , , . 00 , , . 00 6. Identify the state and ENCLOSE a copy of the other state’s return............................................. 6 7. Virginia Income Tax. See instructions......................................................................................... 7 8. Income percentage. If filing Form 760 or Form 760PY, divide Line 3 by Line 4. If filing Form 763, divide Line 4 by Line 3. Compute to one decimal place, not to exceed 100%. For example, 0.3163 becomes 31.6%. If claiming a border state, see instructions .......................... 8 9. If filing Form 760 or Form 760PY, multiply Line 7 by Line 8. If filing Form 763, multiply Line 5 by Line 8........................................................................................................................... 9 . % , , . 00 , , . 00 13. Qualifying taxable income on which the other state’s tax is based.............................................. 13 , , . 00 14. Virginia Taxable Income. See instructions.................................................................................. 14 , , . 00 15. Qualifying tax liability owed to the other state. See instructions.................................................. 15 , , . 00 , , . 00 10. Credit. If filing Form 760 or Form 760PY, enter the lesser of Line 5 or Line 9. If filing Form 763, enter the lesser of Line 7 or Line 9. Proceed to Line 11 to compute another credit, otherwise go to Line 21................................................................................................................ 10 Credit Computation - 2 11. Enter the number listed below to identify the filing status claimed on the other state’s tax return... 11 1. Single 2. Married Filing Jointly 3. Married Filing Separately 4. Unified 5. Other 12. Enter the number listed below to identify the person claiming the credit..................................... 12 1. You 2. Spouse 3. You and Spouse 16. Identify the state and ENCLOSE a copy of the other state’s return............................................. 16 17. Virginia Income Tax. See instructions......................................................................................... 17 18. Income percentage. If filing Form 760 or Form 760PY, divide Line 13 by Line 14. If filing Form 763, divide Line 14 by Line 13. Compute to one decimal place, not to exceed 100%. For example, 0.3163 becomes 31.6%. If claiming a border state, see instructions .......................... 18 . % 19. If filing Form 760 or Form 760PY, multiply Line 17 by Line 18. If filing Form 763, multiply Line 15 by Line 18....................................................................................................................... 19 , , . 00 20. Credit. If filing Form 760 or Form 760PY, enter the lesser of Line 15 or Line 19. If filing Form 763, enter the lesser of Line 17 or Line 19. ....................................................................... 20 , , . 00 , , . 00 21. Total Credit. Enter the total of Lines 10 and 20 of Schedule OSC. Also enter on Form 760, Line 24; Form 760PY, Line 24; or Form 763, Line 24.................................................................. 21 2601425 Rev. 06/23 If claiming more than 2 credits, use additional Schedules OSC.
2023 Virginia Schedule OSC, Credit for Tax Paid to Another State
More about the Virginia Schedule OSC Individual Income Tax Tax Credit TY 2023
We last updated the Credit for Tax Paid to Another State in January 2024, so this is the latest version of Schedule OSC, fully updated for tax year 2023. You can download or print current or past-year PDFs of Schedule OSC directly from TaxFormFinder. You can print other Virginia tax forms here.
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TaxFormFinder has an additional 135 Virginia income tax forms that you may need, plus all federal income tax forms.
Form Code | Form Name |
---|---|
Form 760 | Resident Individual Income Tax Return |
Form 760ES | VA Estimated Income Tax Payment Vouchers and Instructions for Individuals |
Income Tax Instructions | Virginia Income Tax Instructional Booklet |
Form VA-4 | Employee's Withholding Exemption Certificate |
Schedule ADJ | Virginia Income Adjustments Schedule |
View all 136 Virginia Income Tax Forms
Form Sources:
Virginia usually releases forms for the current tax year between January and April. We last updated Virginia Schedule OSC from the Department of Taxation in January 2024.
Schedule OSC is a Virginia Individual Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.
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 Virginia Schedule OSC
We have a total of twelve past-year versions of Schedule OSC in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Virginia Schedule OSC, Credit for Tax Paid to Another State
2022 Virginia Schedule OSC, Credit for Tax Paid to Another State
2021 Virginia Schedule OSC, Credit for Tax Paid to Another State
2020 Virginia Schedule OSC, Credit for Tax Paid to Another State
2019 Virginia Schedule OSC, Credit for Tax Paid to Another State
2018 Virginia Schedule OSC, Credit for Tax Paid to Another State
2017 Virginia Schedule OSC- Credit for Tax Paid to Another State
Schedule OSC - 2016 Credit for Taxes paid to Another State
Schedule OSC
Sch OSC WEB v6 - 09 10 14.indd
green Sch OSC WEB 11 13 13.pdf
Sch OSC Web 09 06 12.indd
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