BillM223
Expert Alumni

State tax filing

It depends on which tax credits we are talking about here.

 

The initial tax is line 8 on the IT-140. Line 9 has the credits from the Tax Credit Schedule. Line 21 is the total of withholding, estimated tax payments, and a few other credits.

 

What is the context of this question? Does it have to do with underpayment of estimated tax in 2020?

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