Do we have to claim interest income from a Louisiana credit union on a LA return when we are Texas residents?

[ToddL · Accepted solution]

No, investment income (to include interest income) is only subject to taxation by the IRS and the state where you live - you do not need to file a LA return unless you have wage, self-employment, rental, real estate or business income from LA.

Since TX doesn't have an income tax, you only owe federal income tax on this interest income.