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A state's conformity date can be used to determine: 1-Qualifications for state tax credits. 2-Whether recent changes to the Internal Revenue Code will carry through
A state's conformity date can be used to determine:
1-Qualifications for state tax credits.
2-Whether recent changes to the Internal Revenue Code will carry through to the state return.
3-Whether the starting point for calculation of state taxable income is federal taxable income or federal adjusted gross income.
4-Which state-specific deductions may be claimed in the current year.
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