I need to estimate STATAXAC before 2005, but I’m not being able to match STATAXAC from 2005 onwards.
STATAXAC is the amount of state tax liability, after tax credits are deducted, being the tax credits the additional child tax credit (ACTCCRD) and the earned income tax credit (EITCRED). However, I cannot match STATAXAC whatever I try. My best guess, which it doesn’t match, is that I should subtract these credits from state taxes before credit as:
STATAXAC= STATETAX- (ACTCCRD+EITCRED)
Any help is appreciated.
Thanks in advance!