Start For Free

Fast, Secure, and Always Accurate!
Help Categories

Taxable Social Security Benefits

Taxable Social Security Benefits are calculated based on other income reported on your Federal return. The taxable portion is reported on federal Form 1040A, Line 14b or Form 1040, Line 20b Beginning in tax year 2007, you may deduct up

Arizona Itemized Deductions

Within your TaxSlayer account, itemized deductions will be automatically pulled from the entries made in the federal program under "Itemized Deductions". Certain adjustments are required by Arizona law which will SUBTRACT from

Mississippi Itemized Deductions

Standard or Itemized Deductions You may choose to either itemize individual non-business deductions or claim the standard deduction for your filing status, whichever produces the greater tax benefit. Note : The TaxSlayer program

Delaware Additional Itemized Deductions

Federal Itemized Deduction If you are filing a joint federal return and separate Delaware returns, the deductions must be determined as if each spouse had filed separate federal returns. If you are unable to specifically allocate

Is my Scholarship/Grant Taxable?

A scholarship is generally an amount paid or allowed to a student at an educational institution (college or university) for the purpose of study. A fellowship is generally an amount paid to an individual for the purpose of research. If you receive a scholarship or fellowship grant, all or part of the amount(s) may be tax-free to you. Qualified scholarship(s) and fellowship grants are treated as tax-free if you meet the following conditions: You are a candidate (student) for a degree at an educational institution that maintains a regular faculty and curriculum and normally has a regularly enrolled student body in attendance where it carries on its educational activities (campus); and Amounts you receive as a scholarship(s) and fellowship grants are used for tuition and fees required for enrollment or attendance at the educational institution, or for books, supplies, and equipment required for courses at the educational institution. Note : If you meet the two conditions above, you do not have to report the applicable amounts of your scholarship(s) or fellowship grant(s) as income on your tax return. You must include in your tax return (as gross income) amounts used for incidental expenses, such as room and board, travel, and optional equipment, and generally amounts received as payments for teaching, research, or other services required as a condition for receiving the scholarship or fellowship grant. For additional information pertaining to Tax Benefits for Education, please refer to IRS Publication 970.

Itemized Deductions - An Overview

Examples of Itemized Deductions: Medical and Dental Expenses The medical and dental deductions include medical and dental insurance, amounts paid to doctors/dentists, prescriptions, X-Rays, lab work, nursing help (not for healthy baby

Truck Driver Tax Deductions

Truck drivers can claim a variety of tax deductions while on the road. Mileage, daily meal allowances, truck repair (maintenance), overnight hotel expenses, and union dues are some of the tax deductions available. However, local truck

Job Search Expenses and Deductions

for a job for the first time, you cannot deduct the cost of your job search expenses. You usually will claim job search expenses as a miscellaneous itemized deduction. You can deduct only the amount of your total miscellaneous deductions

Alabama Itemized Deductions

Itemized Deductions are automatically carried over from your Federal return to your Alabama return with the following exceptions: Federal Self-Employment Taxes - You can deduct the Federal self-employment tax you paid during the year 2014

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