Adjustments .: TaxSlayer.com Help Center

Can I deduct child support?
No. Child support payments are never deductible.

Can I deduct contributions I made to my spouse's IRA?
Yes. However, you must be filing a joint return. If you are filing as Married Filing Separately, you cannot deduct contributions made to your...

Can I take an IRA Deduction for the amount I contributed to a 401(k) plan last year?
No. A 401(k) plan is not an IRA. However, the amount you contributed is not included as income in box 1 of your W-2 form so you don't pay tax on it...

Deducting Moving Expenses
Did you recently move to another city for a new job or because your old job is now at a new location? A tax break may be coming your way. How far...

Form 8853 - LTC Insurance Contracts: What is "Qualified"?
Qualified LTC ContractsA qualified long-term care (LTC) contract is a contract issued:After December 31, 1996 that meets the requirements of...

General Guidelines for the IRA Deduction
If you made contributions to a traditional IRA during the tax year, you may be able to take an IRA deduction. But you, or your spouse if filing a...

How can a divorce affect my income tax situation?
If you were recently divorced and are paying or receiving alimony under a divorce decree or agreement, you need to consider the tax implication for...

How do I figure my "limitation" for Form 8889?
If you are filing Form 8889 for an HSA Deduction, there is a limitation to the amount of deduction that you can take for your deduction. Generally,...

How do I figure my limitation for Form 8853?
When filing Form 8853 for an Archer MSA Deduction, you are required to figure the limitation that applies to you in regard to how much of a...

I paid alimony to a former spouse. Is there anywhere I need to report this on my return?
If you paid alimony, this may be an additional deduction on your return. These payments can usually be used to reduce your income.Alimony payments...

I was covered by a retirement plan at work. Will this affect the amount of my IRA deduction?
If you were covered by a retirement plan (qualified pension, profit-sharing, 401(k), annuity, SEP, SIMPLE, etc.) at work or through...

I was over 55 years old and married at the end of the year. How do I figure my additional contribution about for Form 8889?
If, at the end of the year, you were age 55 or older and married, use the additional contribution worksheet below to determine the amount to enter...

I'm in the military. Do I qualify to deduct moving expenses?
Members of the armed forces do not have to meet these tests if the move was due to a permanent change of station. However, you still will have to...

What are "domestic production activities"?
The following are considered "domestic production activities" for the purpose of the Domestic Production Activities Deduction...

What are "Qualified Medical Expenses" for an MSA?
What are "Qualified Medical Expenses"?Generally, qualified medical expenses for Archer MSA purposes are unreimbursed medical expenses...

What are "Qualified Medical Expenses"?
Generally, qualified medical expenses for HSA purposes are unreimbursed medical expenses that could otherwise be deducted on Schedule A (Form...

What are the benefits of an HSA?
You may enjoy several benefits from having an HSA. These include: You can claim a tax deduction for contributions you, or someone other than your...

What do I enter for "Domestic production gross receipts"?
Gross receipts include the following:Total sales Amounts received for services, not including wages received as an employee Income from incidental...

What expenses can I deduct as "moving expenses"?
You can deduct the reasonable expenses of moving your household goods and personal effects and of traveling from your old home to your new home....

What expenses cannot be deducted as "moving expenses"?
You cannot deduct the following items as moving expenses. Any part of the purchase price of your new home.Car tags.Driver's license.Expenses of...

What is "qualified production activities income (QPAI)"?
Your allowable DPAD generally cannot be more than 6% of your qualified production activities income (QPAI). If you do not have QPAI, you generally...

What is a Medical Savings Account (MSA) and what are it's benefits?
An Archer MSA is a tax-exempt trust or custodial account that you set up with a U.S. financial institution (such as a bank or an insurance company)...

What is a Qualified Plan?
Qualified retirement plans set up by self-employed individuals are sometimes called Keogh or H.R.10 plans. The plan must be for the exclusive...

What is a SEP?
Generally, you can deduct the contributions you make each year to each employee's SEP-IRA. If you are self-employed, you can deduct the...

What is a SIMPLE 401(K)?
SIMPLE stands for "savings incentive match plan for employees". A SIMPLE plan is a written arrangement that provides you and your...

What is a SIMPLE IRA?
SIMPLE stands for "savings incentive match plan for employees". A SIMPLE plan is a written arrangement that provides you and your...

What is an "expanded affiliated group"?
An "expanded affiliated group" is the same as an affiliated group as defined in section 1504(a). The only difference between an...

What is an HSA?
A health savings account (HSA) is a tax-exempt trust or custodial account that you set up with a qualified HSA trustee to pay or reimburse certain...

What type of business do I have to own to qualify for the Self-Employed Health Insurance Deduction?
Generally, any self-employed individual will qualify for the deduction as long as the individual's meets the health insurance coverage...

What type of insurance do I have to have to qualify for the Self-Employed Health Insurance Deduction?
To qualify for the Self-Employed Health Insurance Deduction, the insurance plan generally must be established under your business. However, if you...

Who can claim the Domestic Production Activities Deduction?
To claim the Domestic Production Activities Deduction (DPAD), you must have a positive amount for each of the following three amounts:Qualified...

Who can I pay medical expenses for using funds from my HSA or MSA?
Qualified medical expenses are those expenses that would generally qualify for the medical and dental expenses deduction. These are explained in...

Who qualifies to deduct expenses in the section for Reservists and Performing Artists?
If you are one of the individuals discussed below, special rules apply to deducting your employee business expenses. Any expenses you incurred...

Who qualifies to have a Medical Savings Account (MSA)?
To qualify for an Archer MSA, you must be either of the following. An employee (or the spouse of an employee) of a small employer (see below for...

Who qualifies to have an HSA?
To be an eligible individual and qualify for an HSA, you must meet the following requirements. You have a high deductible health plan (HDHP),...

Why is paying employees W-2 wages important in figuring my DPAD?
Your allowable DPAD generally cannot be more than 50% of the Form W-2 wages that you paid to your employees. Therefore, if you did not pay wages...

Why is there a separate section for travel expenses for Reservists and Performing Artists?
Generally, employee expenses are deductible only on line 21 of Schedule A (Form 1040). When you deduct your expenses on line 21of Schedule A, the...