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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 spouse's IRA. For more information on IRAs: Can I take an IRA Deduction for the amount...

Do Not Have Any Taxable Income?

If you do not report some form of taxable income, credits, or income tax paid, your return may be rejected by the IRS.Generally, one of these items must be significant for your return to be accepted. If none of these items are reported...

Not sure if your Social Security benefits are taxable?

How much, if any, of your social security benefits are taxable depends on your total income and marital status. Generally, if social security benefits were your only income, your benefits are not taxable and you probably do not need...

Miscellaneous Deductions - What is the 2% rule?

If you itemize your deductions, part of the expenses that you claim as deductions may be limited by the 2% rule. Deductions that are included are unreimbursed employee expenses, expenses claimed on Form 2106, tax preparation fees, safety...

Overview of Deductions for Taxes You Paid

There are four types of non business taxes that the IRS will allow you to deduct if you are itemizing your deductions. These include: State, local, and foreign income taxes, Real estate taxes, Personal property taxes, and State and local...

Illinois NonResident and Part Year Taxable Interest and Dividend Income

NonResidents: Only interest and dividends received as part of a business conducted in Illinois is taxable on your Illinois nonresident return. Use the IAF Worksheet below to calculate the amount of business interest and/or dividends...

Indiana Taxable Social Security and/or Railroad Retirement Benefits Deduction

Indiana does not tax Social Security income or the railroad retirement benefits that are issued by the U.S. Railroad Retirement Board. Taxable Social Security income from Federal 1040, line 20b, is automatically deducted from Indiana...

Illinois NonResident and Part Year Taxable Farm Income or Loss

income or loss earned during your period of residency Illinois Apportioned Income (from above) Total taxable Illinois farming income or loss. Enter this amount on your Illinois Part Year return....

Illinois NonResident and Part Year Taxable Other Income

Part Year Residents: ________________________ + _________________________ = ________________________ Illinois business income earned during your period of residency Illinois Apportioned Income (from above) Total taxable business income...

Illinois NonResident and Part Year Taxable Business Income or Losses

Use the worksheet below to calculate the portion of Illinois Business income or losses that needs to be included on your Illinois return. If there is more than one business, you will calculate each business separately and then add the subtotals to enter the full amount ...