Louisiana allows taxpayers to deduct federal income taxes from their state taxable income. The Combined Rate accounts for State and Local tax rates on capital gains income, the 3.8 percent Surtax on capital gains and the marginal effect of Pease Limitations.
Louisiana’s deduction for federal taxes is equal to your total federal income tax liability on your return after subtracting any non-refundable tax credits (equal to line 55 on Form 1040). These states allow some or all of federal income tax paid to be deducted from state taxable income. Standard deduction and personal exemptions are combined: $4,500 for single filers and married taxpayers filing separately; $9,000 for married taxpayers filing jointly and heads of household.
Title Exchange Company LLC, headquartered in LA, is associated with Bill Hyde, who is the senior partner at Hyde Law Firm, owner of Hyde Title Company, and General Counsel of Title Exchange Company. Bill Hyde has a strong educational background with a Juris Doctor degree from Tulane Law School and a Masters in Accounting from Louisiana State University. His career includes significant teaching roles at Louisiana State University, focusing on business law and real estate, and he has designed numerous continuing education programs. Hyde has also been active in the real estate law sector, founding Baton Rouge Title Company and serving as President of the Louisiana Land Title Association. Despite his extensive involvement in real estate and legal education, it is noted that he is not a member of the Federation of Exchange Accommodators.
