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Vermont Department of Taxes
2023 Schedule FIT-167 *231671100*
Vermont Credit for Tax Paid to Another *231671100*
Page 3
State or Canadian Province for Fiduciaries
Attach to Form FIT-161
For Residents and Some Part-Year Residents Only
Name of Estate or Trust FEIN Tax Year End Date (MMDDYYYY)
/ /
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.
1. Name of state or Canadian province. Use standard two-letter abbreviation .............................................1. ________
2. Enter total income taxed in another state or
Canadian province and also subject to
Vermont tax .......................................... 2. ____________________________ .00
3. 2023 Bonus Depreciation add back taxed in another state
or Canadian province AND taxed in Vermont ................ 3. ____________________________ .00
4. Non-Vermont state/local obligations taxed in another state
or Canadian province AND taxed in Vermont ................ 4. ____________________________ .00
5. Add Lines 2 through 4. If negative, enter -0- .................................................. 5. __________________________.00 FORM (Place at FIRST page)
Form pages
6. Bonus Depreciation subtracted from income in another
state or Canadian province in TY 2023 ..................... 6. ____________________________ .00
7. U.S. Government interest income .......................... 7. ____________________________ .00
8. Add Lines 6 and 7 ........................................................................ 8. __________________________.00 3 - 3
9. Modified total income for income taxed in another state or Canadian province AND taxed in Vermont
(Line 5 minus Line 8) ..................................................................... 9. __________________________.00
10. Total income (from federal Form 1041, Line 9) .............. 10. ____________________________ .00
11. Non-Vermont state/local obligations from
Form FIT-161, Line 2a ................................. 11. ____________________________ .00
12. Bonus Depreciation from Form FIT-161, Line 2b ............ 12. ____________________________ .00
13. Add Lines 10 through 12. If negative, enter -0- ............................................... 13. __________________________.00
14. U.S. Government interest income from Form FIT-161, Line 4a . 14. ____________________________ .00
15. Bonus Depreciation from Form FIT-161, Line 4c ............ 15. ____________________________ .00
16. Add Lines 14 and 15 ..................................................................... 16. __________________________.00
17. Line 13 minus Line 16 ................................................................... 17. __________________________.00
18. Vermont income tax from Form FIT-161, Line 6 .............18. _________________________ .00
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
Line 9
x Line 18
Line 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .19. ______________________ .00
20. Income tax paid to another state or Canadian province based on modified adjusted gross
income from Line 9 above ................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .20. ______________________ .00
21. VERMONT CREDIT for income tax paid to another state or Canadian province.
3 - 3
Enter the lesser of Line 19 or Line 20. Also enter on Form FIT-161, Line 12 .........................21. ______________________ .00
Schedule FIT-167
Page 1 of 1
Rev. 10/23
5454
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