Kansas Alternative Fuel Credit K-62

This credit is only available to corporations that are subject to the Kansas corporate income tax (i.e., C corporations) and not available to individuals, partnerships, S corporations, limited liability companies, and other passthrough entities. Carry Forward of Unused Credits: For tax year 2017 and all years after no new credit or carryforward is available to individuals, partnerships, S [...]

Kansas Credits

CREDITS Credit for taxes paid to other states If you paid income tax to another state, you may be eligible for a credit against your Kansas tax liability. If you had income from a state that has no state income tax, make no entry on line 13. If you are eligible for a tax credit paid to another state, the credit amount cannot exceed the tax liability shown on the other state’s tax [...]

Kansas Out-of-State Credit

Taxes Paid to Other States by Kansas Residents If you are a Kansas resident you may claim this credit if: 1) your KAGI (line 3) includes income earned in the other state(s); and 2) you were required to pay income tax to the other state(s) on that income. Important—Your credit is NOT the amount of tax withheld in the other state(s); it is determined from the “Worksheet for [...]

Kansas Other Subtractions

Many Kansas taxpayers have income that is taxable at the federal level, but is not taxable to Kansas. These adjustments to income are called Modifications to Federal Adjusted Gross Income, and are reported on Kansas Schedule S, Part A. You may NOT subtract the amount of your income reported to another state. Jobs Tax Credit. Federal targeted jobs tax credit disallowance claimed on your [...]

Kansas Other Additions

• Federal Income Tax Refund. Generally, there will be no entry for this unless you amended your federal return for a prior year due to carry back of an investment credit or a net operating loss which resulted in you receiving a federal income tax refund in 2021 for that prior year. • Partnership, S Corporation or Fiduciary Adjustments. If you received income from a partnership, S [...]