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Please explain deductions and credits that are available related to Education.

Interest you have paid on student loans: If you attended a college, university, or vocational school after high school, you may have taken out student loans to help cover all the costs. If those loans are now being repaid, chances are that you are paying interest. If so...

Illinois NonResident and Part Year Taxable Capital Gains and Losses

Use the following worksheet to calculate the Illinois portion of capital gains and losses. Income Apportionment Formula (IAF) Worksheet: ________________________ / __________________________ = ________________________ Total Sales Inside...

How do I report gambling winnings and gambling losses?

on gambling income and losses: Reporting winnings: The full amount of your gambling winnings for the year must be reported on line 21, Form 1040. You may not use Form 1040A or 1040EZ. This rule applies regardless of the amount...

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...

Please explain all of the deductions and credits that are available related to my auto and my other personal property.

Car Registration Fees If you own a car, you probably pay a yearly fee for car registration. All or part of this registration fee may be an additional deduction for you on your return. The IRS will allow you to deduct any taxes included in your registration fee that you ...

Wisconsin Donations

that operate health-related programs for people in Wisconsin with multiple sclerosis. Firefighters Memorial You may donate an amount towards a firefighter memorial. Military Family Relief Fund The Wisconsin Department of Military Affairs...

Wisconsin Credits

treated as interest. Contributions and interest allocated to you by a tax-option (S) corporation if you treated the amount as a subtraction. All casualty and theft losses except casualty losses that are directly related to a federally-declared...

California Voluntary Contribution Funds

The contribution amount must not exceed the amount of the senior exemption credit. Alzheimer's Disease/Related Disorders Fund - Contributions will be used to provide grants to California scientists to study Alzheimer's disease and related disorders...

What CAN and CANNOT be deducted as a Casualty or a Loss?

What CAN be deducted? You can deduct losses from fire, storm, flood, shipwreck, or other casualty. You can also deduct losses from thefts such as larceny, embezzlement, and robbery. You can even deduct the loss of deposits because...

South Carolina Additions to Income

also include any related expenses, such as investment interest. Enter the total of these losses and related expenses on this line. Personal service income (W-2 or business wages) is taxable to South Carolina no matter where it is earned...