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Missouri Subtractions from Income

is subject to tax . 6. Federally Taxable—Missouri Exempt Obligations - The amount of any bond issued by the Missouri Higher Education Loan Authority (MOHELA) including interest or proceeds resulting from the sale of the bond is exempt from

Types of Adjustments You May Be Eligible For

Loan Interest Deduction The maximum deductible interest on a qualified student loan is $2,500 per return. There is no deduction if you file as married filing separately. For more information Click here . Tuition and Fees Deduction You may

Arkansas Subtractions From Income

contribution by $1,000 for 2015. Maximum contributions allowed to an HSA are reduced by any contributions made to an Archer MSA. Student Loan Interest Deduction - You may take an adjustment for interest paid on student loans if all

Connecticut Deductions From Income

by the mutual fund. Do not enter the amount of dividend income derived from Federal National Mortgage Association (Fannie Mae) bonds, Government National Mortgage Association (Ginnie Mae) bonds, and Federal Home Loan Mortgage Corporation

First-Time Homebuyer credit

that the credit will be paid out to eligible taxpayers, even if they owe no tax or the credit is more than the tax that they owe. For homes that are purchased in 2008 , the credit operates much like an interest-free loan because it must be repaid

Maine Subtractions from Income

U.S. Government Bond Interest Enter your income from direct obligations of the United States Government, such as Series EE and Series HH Savings bonds and U.S. Treasury bills and notes. Include on this line only the amount of interest

What is a Form 1099-C? Cancellation of Debt (View a sample form)

A Form 1099-C is received when you have a debt (home, credit card, student loan, etc.) cancelled. This happens when you receive money initially but are not required to pay all or an amount back to the borrower. Because you are not paying

Montana Subtractions from Income

on obligations that are only guaranteed by the United States government is not tax exempt. If you received interest or mutual fund dividends attributable to Governmental National Mortgage Association (Ginnie Mae) bonds, or Federal Home Loan

How do I report my 1099-MISC in my TaxSlayer Account?

. * TaxSlayer will automatically calculate the applicable self-employment tax you will be subject to based on the information provided in your Schedule C entries * Box 8: Shows substitute payments in lieu of dividends or tax-exempt interest

Oklahoma Additions to Income - Schedule 511-B

State and Municipal Bond Interest If you received income on bonds issued by any state or political subdivision thereof, exempt from Federal taxation but not exempt from taxation by the laws of the State of Oklahoma, the total