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Illinois NonResident and Part Year Deductible Self-employed Health Insurance

Use the worksheet below to calculate the Illinois portion of the Federal Self-Employed Health Insurance deduction. Enter the amount calculated on your Illinois Part Year or NonResident return. ________________________ / __________________________ = _____________________...

Illinois NonResident and Part Year Deductible IRA Contributions

Use the following worksheet to calculate the Illinois portion of the Federal IRA Contributions deduction. Enter the amount calculated on your Illinois return. ________________________ / __________________________ = ________________________ Wages, salaries, tips, earned ...

Are My Child's Summer Camp Expenses Tax Deductible?

The answer is.... maybe. Along with the lazy, hazy days of summer come some extra expenses, including summer day camp. But, the IRS has some good news for parents: those added expenses may help you qualify for a tax credit. Many parents who work or are looking for work ...

Illinois NonResident and Part Year Resident Deductible SEP, SIMPLE and other Qualified Plans

Use the following worksheet to calculate the Illinois deductible portion of the Federal amount entered for the SEP, SIMPLE and other Qualified Plans Deduction...

2012 Standard Mileage Rates

The following summarizes the optional standard mileage rates for employees, self-employed individuals, or other taxpayers to use in computing the deductible costs of operating an automobile for business, charitable, medical, or moving...

2013 Standard Mileage Rates

mile driven in service of charitable organizations. The standard mileage rate for business is based on an annual study of the fixed and variable costs of operating an automobile. The rate for medical and moving purposes is 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...

Please explain all of the deductions and credits that are available related to my job.

Moving Expenses: If you moved to a new home during the year, you may be able to deduct many of the moving costs. To be deductible, the move must meet three of the following requirements: Your move is closely related to the start of work You...

Special Tax Benefits for Armed Forces Personnel

moving costs if you had to move due to a permanent change of station. Deduction for Uniform s - You can deduct the costs and upkeep of certain uniforms that regulations prohibit you from wearing while off duty. You must reduce your...

What is a HUD-1 Statement?

to costs that become part of the total capitalized cost of the property and not currently deductible, however, these costs can be deducted at the time of sale, or earlier using depreciation if they relate to rental property. Deductible...