Anonymous
Post 04/11/2025 10:37     Subject: Law firm partners - tax credit for DC taxes?

Same. Pay taxes in I think 11 different states and also pay in DC.
Anonymous
Post 04/11/2025 09:37     Subject: Law firm partners - tax credit for DC taxes?

We pay taxes in multiple states.
Anonymous
Post 04/11/2025 09:00     Subject: Re:Law firm partners - tax credit for DC taxes?

Anonymous wrote:
Anonymous wrote:Yes, DC gives a credit for taxes paid to other states.


Do you then need to pay anything to DC?


Yes, we absolutely pay DC taxes, in addition to about 5 states and one foreign country. Though the states don’t include either MD or VA.
Anonymous
Post 04/10/2025 12:23     Subject: Law firm partners - tax credit for DC taxes?

Depends DC has agreements with Maryland and Virginia. So states do not have agreements.
Anonymous
Post 04/10/2025 09:52     Subject: Re:Law firm partners - tax credit for DC taxes?

Anonymous wrote:
Anonymous wrote:Yes, DC gives a credit for taxes paid to other states.


Do you then need to pay anything to DC?


Depends on your tax situation. You'll only get credit for the income that was double taxed by DC and the other state. If it's like my firm, most income is not double taxed.
Anonymous
Post 04/10/2025 05:46     Subject: Re:Law firm partners - tax credit for DC taxes?

Anonymous wrote:Yes, DC gives a credit for taxes paid to other states.


Do you then need to pay anything to DC?
Anonymous
Post 04/09/2025 19:09     Subject: Re:Law firm partners - tax credit for DC taxes?

Yes, DC gives a credit for taxes paid to other states.
Anonymous
Post 04/09/2025 18:46     Subject: Law firm partners - tax credit for DC taxes?

Bumping
Anonymous
Post 04/09/2025 17:15     Subject: Law firm partners - tax credit for DC taxes?

For law firm partners who live in DC and work at a firm that operates in multiple states, does DC end up giving you a tax credit? It's my first year working at a firm, and I'm wondering how it all shakes out. Yes, I am working with an accountant. He says he won't know until we get the final K-1. So I'm just interested in others' experiences.