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 in the United States to calculate and claim a credit for taxes paid to another state.

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

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

Q: Can I claim a credit for taxes paid to any state?
A: You can claim a credit for taxes paid to another state if that state imposes a tax that is similar to the federal income tax.

Q: What information do I need to fill out Schedule OSC?
A: You will need to know the amount of tax you paid to another state and the state to which you paid the tax.

Q: Do I need to include copies of my state tax return with Schedule OSC?
A: No, you generally do not need to include copies of your state tax return with Schedule OSC. However, you should keep a copy of your state tax return for your records.

Q: Can I e-file Schedule OSC?
A: Yes, you can e-file Schedule OSC along with your federal tax return.

Q: Do I need to file Schedule OSC if I didn't pay taxes to another state?
A: No, if you did not pay taxes to another state, you do not need to file Schedule OSC.

Q: Is there a deadline for filing Schedule OSC?
A: Generally, Schedule OSC should be filed along with your federal tax return by the due date.