Schedule OSC Credit for Tax Paid to Another State - Virginia

What Is Schedule OSC?

This is a legal form that was released by the Virginia Department of Taxation - a government authority operating within Virginia. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Schedule OSC?
A: Schedule OSC is a form used to claim a credit for taxes paid to another state.

Q: What does OSC stand for?
A: OSC stands for Other State Credits.

Q: Why would I need to use Schedule OSC?
A: You would need to use Schedule OSC if you paid taxes to another state and want to claim a credit for those taxes on your Virginia state tax return.

Q: Can I claim a credit for all taxes paid to another state?
A: No, you can only claim a credit for taxes paid to another state on income that is also subject to Virginia income tax.

Q: How do I complete Schedule OSC?
A: You will need to provide information about the other state, the tax paid, and the income that the tax was paid on.

Q: When is Schedule OSC due?
A: Schedule OSC is due on the same date as your Virginia state tax return, which is usually April 15th.

Q: Do I need to include supporting documentation with Schedule OSC?
A: Yes, you will need to include a copy of your tax return and any other documentation that proves the taxes you paid to the other state.

Q: What happens if I don't file Schedule OSC?
A: If you paid taxes to another state and don't file Schedule OSC, you may miss out on the opportunity to receive a credit for those taxes.

Q: Can I e-file Schedule OSC?
A: Yes, you can e-file Schedule OSC using approved tax software or through a tax professional.