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Iowa Subtractions From Income

Student Loan Interest Deduction Health Insurance Deduction Tuition and Fees Deduction (only allowed if same deduction was taken on federal Form 1040) To see additional descriptions for the list of "Other Adjustments", please click here . X

Arizona Other Subtractions From Income

on your Arizona Form 165, Schedule K-1, is a positive number, enter that difference as an addition in "Other Additions to Income" within your Arizona state return . Federally Taxable Arizona Municipal Interest Enter the amount of any

Vermont Military Filing Information

educational loan repayment program under 10 U.S.C. chapters 109 and 1609, to the extent the funds are included in adjusted gross income of the taxpayer for the taxable year 32 VSA 85823(a)(3) & 32 VSA 85823(a)(3) To Subtract your Military Pay

1099-C: Discharge of Indebtedness. What is this form and what do I do with it?

If you received a Form 1099-C, this amount is generally reported as income on your return. A 1099-C is received when you have a debt (home, credit card, student loan, etc.) Cancelled. When this happens, it means that you received money

Maine Military Filing Information

is stationed in Maine, your military income will not be taxed by Maine, nor will income from intangible sources, such as interest and dividends. However, if you work at an additional job in Maine or operate a business in Maine, that income

Federal Reject Code F1040-065-01

that the have a filed tax return on record for personal and/or legal reasons. If you still want/need to file a federal tax return go into the Income section of the program and make a $1 entry in the Interest Income section of the program. To do

How Do I report my 1099-DIV, Box 10 & 11?

According to IRS regulations, any amount reported in Box 10 of Form 1099-DIV is to be treated as "Tax-Exempt Interest Income". To report this within the program, please go into the Federal Section >> Income >> Enter

New York Itemized Deductions

adjustments to your federal itemized deductions in computing your New York itemized deduction. Additions to Federal Itemized Deductions Interest Expenses on Income Subject to NY Tax- Interest expense on money borrowed to purchase or carry bonds

Penalty on Early Withdrawal of Savings

If you withdraw funds from a Certificate of Deposit (CD) or other deferred interest accounts before maturity, you may be charged a penalty by the financial institution holding the CD. The Form 1099-INT or similar statement provided to you

Federal Section > Deductions > Itemized Deductions

In lieu of the Standard Deduction, the IRS allows deductions for certain expenditures. These Itemized deductions include expenditures such as mortgage interest, property taxes, etc. which are deductible on Schedule A, allowing a taxpayer