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Life events that may have a significant tax impact

, Divorced or Separated Individuals/Alimony Publication 555 , Community Property Seniors Tax Tips For Seniors FAQs for Seniors Job Loss or Starting a new Career or Job Publication 4128, Tax Impact of Job Loss Unemployment - Tips Publication

I'm in the military. Do I qualify to deduct moving expenses?

, the moves are treated as a single move to your new main job location. For more information, please review Publication 521 .

Who CANNOT take the Retirement Savings Credit?

, and mechanical schools. It does not include on-the-job training courses, correspondence schools, or schools offering courses only through the Internet. Note : TaxSlayer will automatically calculate any applicable portion of this credit based

10 Tips to Ease Tax Time for Military

summer advanced camp – is taxable. 8. Transitioning Back to Civilian Life You may be able to deduct some costs you incur while looking for a new job. Expenses may include travel, resume preparation fees, and outplacement agency fees. Moving

Credit for the Elderly or Disabled - How do I know if I qualify as "permanently and totally disabled"?

is considered engaged in a substantial gainful activity and cannot take the credit. Example 3. John, who retired on disability, took a job with a former employer on a trial basis. The purpose of the job was to see if John could do the work. The trial

What is Permanent and Total Disability?

, the work is done at her employer's convenience. Mary is considered engaged in a substantial gainful activity and cannot take the credit. Example 3. Peter, who retired on disability, took a job with a former employer on a trial basis

Ten Things the IRS Wants You to Know About Identity Theft

a job. That person’s employer would report income earned to the IRS using your Social Security number, making it appear that you did not report all of your income on your tax return. 7. If your tax records are not currently affected

Illinois Subtractions (Schedule M)

into your Illinois account. Note : The total contribution deduction may not exceed $10,000 ($20,000 if married filing ling a joint return). Contributions to a Job Training Project Enter the amount equal to the contributions you made under

Alabama Adjustments to Income

federal rules with the following exception: The new job location must be within the State of Alabama . Alimony Payments - You can deduct payments of alimony or separate maintenance made under a court decree to the same extent allowed for federal

Special Tax Benefits for Armed Forces Personnel

students participating in advanced training are not taxable. However, active duty pay – such as pay received during summer advanced camp – is taxable. 9. Civilian Lif e - At the end of your military career, you may be able to deduct certain job