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1099-Q: Payments from Qualified Education Programs

Is part of my distribution taxable? To determine if the distribution reported on Form 1099-Q is taxable, you need to know how much you paid for qualifying tuition, related fees, books, and room and board. Which is larger, the gross...

Georgia Qualified Caregiving Expense Credit

be obtained from an organization or individual not related to the taxpayer or the qualifying family member. The Qualifying Family Member must be at least 62 or been determined disabled by the Social Security Administration. A qualifying family member...

American Opportunity Credit Extended for 2011 and 2012

Forty percent of this credit is refundable, which means that you may be able to receive up to $1,000, even if you owe no taxes. Qualified expenses include tuition and fees, course related books, supplies and equipment. The full credit...

Unreimbursed Employee Expenses - What CANNOT be deducted?

If you paid for expenses related to your job during the tax year, many of these expenses may be eligible to be deducted on your return. For you to be able to deduct the expense, it must be a common, helpful, and appropriate expense...

Utah Refundable Credits

the Utah Geological Survey with their certification stamp, verifying the credit is approved and showing the amount of the approved credit. Keep this form and all related documents with your records. For more information, please click here...

Business Use of Your Home - What expenses can be deducted?

Types of Expenses: The types of expenses that may be deducted are: Casualty losses Mortgage interest Real estate taxes Excess mortgage interest Insurance Rent Repairs and maintenance Utilities and services Security systems Depreciation...

What do I do with this tax form I received?

Mortgage Interest Form W-2 Wages and Earnings 1099-C Cancellation of Debt 1098-E Student Loan Interest Statement Form W-2G Gambling Winnings/Losses 1099-DIV Dividends and Distributions 1098-T Tuition and Fees Schedule K-1 (Form 1041...

What expenses cannot be deducted as "moving expenses"?

Expenses of buying or selling a home (including closing costs, mortgage fees, and points). Expenses of entering into or breaking a lease. Home improvements to help sell your home. Loss on the sale of your home. Losses from disposing...

What is a Qualified Plan?

in the plan. It provides benefits to a participant largely based on the amount contributed to that participant's account. Benefits are also affected by any income, expenses, gains, losses, and forfeitures of other accounts that may...

Mississippi Itemized Deductions

between them. Mississippi Gaming Losses are not deductible on Mississippi itemized deductions. Standard Deductions and Exemptions Married - Filing Joint or Combined Return : The standard deduction ($4,600) and the authorized exemption...