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Georgia Disaster Assistance Credit

Georgia provides for a credit for a taxpayer who receives disaster assistance during a taxable year from the Georgia Emergency Management Agency or the Federal Emergency Management Agency. The amount of the credit is equal to $500...

What is a W-2G? Gambling Winnings and Losses and How to Report

Form W-2G is used to report income and withholdings related to gambling. Generally, you will receive a Form W-2G if you receive: $600 or more in gambling winnings and the payout is at least 300 times the amount of the wager ( except...

Overview of Casualties and Losses

of all necessary facts. For more information regarding casualty losses of personal-use property and how to deduct them, refer to Publication 547 , Casualties, Disasters, and Thefts . If your business or income-producing property...

Examples of other Job related expenses:

Examples of other job related expenses may include the following: Safety equipment, small tools, and supplies needed for your job. Uniforms required by your employer that are not suitable for ordinary wear. Protective clothing required...

Wisconsin Addition to Income - Farm Losses

An Addition to Income may be required if farm losses were deducted on your federal tax return and you were NOT actively engaged (explained later) in the farming operations that produced those losses AND your nonfarm Wisconsin adjusted...

Please explain all of the deductions and credits that are available related to my job.

Moving Expenses: If you moved to a new home during the year, you may be able to deduct many of the moving costs. To be deductible, the move must meet three of the following requirements: Your move is closely related to the start of work You...

Please explain all of the deductions that are available related to my home.

deduct any qualifying real estate taxes that you paid to state, foreign, or local government agencies (such as your town office, county, parish, or other tax assessor). Mortgage Insurance Paid: Another common deduction related to your home...

Please explain all of the credits that are available related to me and my family.

Child and Dependent Care Costs: If you paid someone to care for your child who is under age 13 (such as daycare), you may be able to reduce your tax by claiming the Credit for Child and Dependent Care Expenses. You can also claim this credit if you paid for someone to c...

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. By entering the amount of your contr...

Please explain deductions that are available related to Medical Expenses.

Medical and dental expenses, such as doctor visits, health insurance, glasses, etc.: Generally, you are allowed a deduction for most of the medical expenses that you paid during the tax year. However, you cannot include any part of the expenses that were paid by an insu...