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4 Vermont Department of Taxes 4
5 5
6 2023 Schedule FIT-167 *231671100* 6
7 7
Vermont Credit for Tax Paid to Another *231671100*
8 8 Page 3
9 State or Canadian Province for Fiduciaries 9
10 Attach to Form FIT-161 10
11 For Residents and Some Part-Year Residents Only 11
12 Name of Estate or Trust FEIN Tax Year End Date (MMDDYYYY) 12
13 123456789012345678901234567890123456 123456789 MM / DD / YYYY 13
14 14
15 You must complete a separate Schedule FIT-167 for each state or Canadian province and attach a copy of the other state return. See instructions. 15
16 121. Name of state or Canadian province. Use standard two-letter abbreviation ............................................. 1. ________ 16
17 17
18 2. Enter total income taxed in another state or 18
19 Canadian province and also subject to 19
12345678901234Vermont tax .......................................... 2. ____________________________ .00
20 20
21 3. 2023 Bonus Depreciation add back taxed in another state 21
12345678901234or Canadian province AND taxed in Vermont ................ 3. ____________________________ .00
22 22
23 4. Non-Vermont state/local obligations taxed in another state 23
12345678901234or Canadian province AND taxed in Vermont ................ 4. ____________________________ .00
24 24
25 12345678901234 25 FORM (Place at FIRST page)
5. Add Lines 2 through 4. If negative, enter -0- .................................................. 5. __________________________.00
26 26 Form pages
27 6. Bonus Depreciation subtracted from income in another 27
12345678901234state or Canadian province in TY 2023 ..................... 6. ____________________________ .00
28 28
29 29
12345678901234 7. U.S. Government interest income .......................... 7. ____________________________ .00
30 30
31 31
12345678901234 8. Add Lines 6 and 7 ........................................................................ 8. __________________________.00 3 - 3
32 32
33 9. Modified total income for income taxed in another state or Canadian province AND taxed in Vermont 33
12345678901234(Line 5 minus Line 8) ..................................................................... 9. __________________________.00
34 34
35 35
12345678901234 10. Total income (from federal Form 1041, Line 9) ..............10. ____________________________ .00
36 36
37 11. Non-Vermont state/local obligations from 37
12345678901234Form FIT-161, Line 2a ................................. 11. ____________________________ .00
38 38
39 39
12345678901234 12. Bonus Depreciation from Form FIT-161, Line 2b ............ 12. ____________________________ .00
40 40
41 41
12345678901234 13. Add Lines 10 through 12. If negative, enter -0- ............................................... 13. __________________________.00
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12345678901234 14. U.S. Government interest income from Form FIT-161, Line 4a . 14. ____________________________ .00
44 44
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12345678901234 15. Bonus Depreciation from Form FIT-161, Line 4c ............ 15. ____________________________ .00
46 46
47 47
12345678901234 16. Add Lines 14 and 15 ..................................................................... 16. __________________________.00
48 48
49 49
12345678901234 17. Line 13 minus Line 16 ................................................................... 17. __________________________.00
50 50
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12345678901234 18. Vermont income tax from Form FIT-161, Line 6 ............. 18. _________________________.00
52 52
53 53 FORM (Place at LAST page)
19. Computed tax credit (Divide Line 9 by Line 17, and multiply result by Line 18.) Result cannot be more than 100% of Vermont tax. Form pages
54 Line 9 1234567890 1234567890 54
x Line 18
55 Line 17 1234567890 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .19. 12345678901234______________________ .00 55
56 56
57 20. Income tax paid to another state or Canadian province based on modified adjusted gross 57
12345678901234income from Line 9 above ................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20. ______________________ .00
58 58
59 21. VERMONT CREDIT for income tax paid to another state or Canadian province. 59
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12345678901234Enter the lesser of Line 19 or Line 20. Also enter on Form FIT-161, Line 12 ......................... 21. ______________________ .00
60 60
61 Schedule FIT-167 61
62 Page 1 of 1 62
63 Rev. 10/23 63
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