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New York Itemized Deductions

Schedule A, Line 1- Premiums paid for long-term care insurance to the extent deducted in determining federal taxable income For additional information, please see Itemized Deductions on Form IT-201.

Can I take an IRA Deduction for the amount I contributed to a 401(k) plan last year?

for contributions to any of the following plans: Roth IRA Section 457 plan SIMPLE plan Federal Thrift Savings Plan. For General Guidelines on IRA Deductions: click here

Federal Section > Deductions > Adjustments

· Health Savings Account (Form 8889) · Moving Expenses · Contributions to SEP, Simple and Qualified Plans · Self-Employed Health Insurance · Penalty on Early Withdrawal · Alimony Paid · IRA Deduction · Nondeductible IRAs · Student Loan

California Itemized Deductions

claimed as a negative number on Other adjustments to CA Itemized Deductions. Mortgage Interest Credit – If you reduced your federal mortgage interest deduction by the amount of your mortgage interest credit (from federal Form 8396, Mortgage

Virginia Deductions from Income

The following entries show as deductions on your return. Please note the Code number on the item, as this will appear on your VA 760-CG under Deductions Foster Care Deduction – Code 102 Foster parents may claim a deduction of $1,000

Indiana Other Deductions

, Daily 3 & 4, Max 5, etc., you must report those winnings as income on your federal income tax return. Most of these winnings are fully taxable by Indiana. However, some of the winnings may be exempt from Indiana tax. Also, annuity payments

Examples of deductions and credits that are available in TaxSlayer

either: Over age 65; OR Retired on permanent and total disability and you reported taxable disability income. However, this credit is not that common because only low-income taxpayers qualify. To access this in our program go to Deductions

Taxable Refunds from State and Local Taxes

If you claimed itemized deductions on your prior year federal tax return, some or all of your state refund may be taxable on this year's federal return. Taxable refunds from state and local taxes are reported on Line 10 of your federal

Please explain all of the credits and deductions that are available related to retirement and investment.

IRA Deductions Generally, any contributions that you (or your spouse, if applicable) made to a Traditional IRA qualify as a deduction on your return. Roth IRA contributions are not deductible. Sometimes this deduction may be limited

What is a 5498 IRA Contribution?

This form shows you the contributions you paid into a IRA throughout the year. To see an example of this form please select the link provided below. 5498 Example: Click here Additional Articles you may be interested in: Can I take an IRA