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Indiana Insulation Deduction

You may be able to take this deduction if you installed new insulation in your Indiana home during 2015. Insulation includes weather stripping, double pane windows, storm doors and storm windows. To take this deduction the following

Indiana Military Service Deduction

If your income includes active or reserve military pay, you will be able to take a deduction (regardless of your age). If you are retired from the military or are the surviving spouse of a person who was in the military, you may be able

General Guidelines for the IRA Deduction

If you made contributions to a traditional IRA during the tax year, you may be able to take an IRA deduction. But you, or your spouse if filing a joint return, must have had earned income to do so. Earned Income: For IRA purposes, earned

Federal > Deductions > Standard Deduction

The IRS allows every taxpayer, based on your filing status, to deduct a flat dollar amount from your Adjusted Gross Income (AGI). 2016 Standard Deduction Amounts: Single or Married Filing Separate (MFS) $ 6,300 Married Filing Joint (MFJ

Tuition and Fees Deduction

You may be able to deduct qualified education expenses paid during the year for yourself, your spouse, or your dependent(s). You cannot claim this deduction if your filing status is married filing separately or if another person can claim

Standard Deduction and Exemption Amounts

2015 Standard Deduction and Exemptions 1. Single - $6,300 2. Married Filing Joint - $12,600 3. Married Filing Separately - $6,300 4. Head of Household - $9,250 5. Qualifying Widow(er) - $12,600 Personal Exemption(s) - $4,000

Deduction for Educator Expenses

. * If you do itemize your deductions, you cannot claim the same educator expenses as both a Deduction for Educator Expenses and as a deduction for Unreimbursed Employee Expenses. You can only list these expenses as a deduction in one place

Taxpayer's Nontaxable Interest, Dividends, and Gains

income received as a beneficiary of an estate or trust For decedent's only - in addition to any annualized income for nontaxable interest, dividends, and gains include the difference between the total annualized taxable income

State and Municipal Bond Interest received

for Oklahoma income tax. Note: If the interest is exempt, the capital gain/loss from the sale of the bond may also be exempt. The gain/loss from the sale of a state or municipal bond, other than those provided, is exempt only if so provided

Enter Interest and Dividend income attributable to Virginia

This is the income from interest and dividends reported on your Federal return that were received while you were a resident of Virginia. It does not matter the source of the interest and dividend income. Source income is the state