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What Personal Property Taxes qualify for a deduction?

on the value of your vehicle. In addition, to be deductible the tax must be charged to you on a yearly basis. Even if it is actually collected more than once a year or less than once a year, it must be charged to you annually. TaxSlayer Entry

Form 1099-A : Acquisition or Abandonment of Property

are required to provide you with Form 1099-A. You could have reportable income or loss because of this acquisition or abandonment. Gain or loss from this is generally measured by the difference between your adjusted basis in the property

10 Tips to Ease Tax Time for Military

, paying taxes, filing claims for refund, and taking other actions with the IRS is automatically extended for qualifying members of the military. 4. Uniform Cost and Upkeep If military regulations prohibit you from wearing certain uniforms

Maine Additions to Income

, the amount of the add-back on line 1f must be subtracted from the basis of property placed in service in 2014. Then MACRS depreciation must be calculated on the remaining property basis. The amount entered on this line equals the amount

What kinds of medical and dental expenses can or cannot be deducted?

the cost for the nursing help. Do not include nursing care for a healthy baby. Hospital care (including inpatient meals and lodging), clinic costs, and lab fees. Qualified long-term care services. The supplemental part of Medicare insurance

Missouri Subtractions from Income

by the amount of medical and dental expenses deducted on Federal Form 1040, Schedule A, Line 4, but paid for by the IMA and included in Missouri itemized deductions. Additional Capital Gain Deduction Due to Difference in Basis - If during

Alabama Adjustments to Income

if Married Filing Joint). Costs to Retrofit/Upgrade Home to Resist Wind/Flood Damage - Alabama residents may deduct from gross income the lesser of 50% of the cost or $3,000.00 to retrofit or upgrade their home to resist wind or flood damage

South Carolina Other Subtractions

, between the depreciation deduction allowed for federal purposes and the deduction that would have been allowed without bonus depreciation. Therefore, the South Carolina adjusted basis is greater than the federal adjusted basis. For all other

Unreimbursed Employee Expenses - What CANNOT be deducted?

or property. Expenses for meals during regular or extra work hours. Cost of entertaining friends. Commuting expenses. See IRS Pub. 529 for the definition of commuting. Travel expenses for employment away from home if that period of employment

Kansas Military Filing Information

this on the Subtractions from Income screen within the Non-resident Kansas return in our program. MILITARY EMERGENCY RELIEF FUND Contributions will be used to help military families with the cost of food, housing, utilities and medical services incurred while