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What kinds of medical and dental expenses can or cannot be deducted?

medical care expenses for the year exceed 10% of your adjusted gross income (7.5% of your AGI if either you or your spouse is age 65 or older). You do this calculation on Form 1040, Schedule A in computing the amount deductible. Examples...

Idaho Subtractions from Income

are incurred in two or more years, deduct the costs in the year paid until the $3,000 limit has been met. The expenses related to an unsuccessful attempt to adopt are not deductible. If expenses were claimed in a year prior...

Hawaii Military Filing Information

regardless of the length of absence from Hawaii while stationed outside of Hawaii. Spouses of those in the military service do not become Hawaii residents if their principal reason for moving to Hawaii was the transfer of the service...

Wisconsin Addition or Subtraction From Income - Tax-Option (S) Corporation Adjustments

These items have already been removed from Wisconsin income when you completed Wisconsin Schedule WD) Instead of using tax-option (S) corporation items deductible on federal Schedule A to compute the Wisconsin itemized deduction credit, you may...

Can I Deduct 50% or 80% of my Meals and Entertainment Expenses on my Schedule C?

business meals and entertainment expenses, including meals incurred while away from your home on business. However, if you are subject to the Department of Transportation (DOT) hours of service limits , the allowable deductible percentage...

Who qualifies to have an HSA (Health Savings Account)?

To be an eligible individual and qualify for an HSA, you must meet the following requirements. You have a high deductible health plan (HDHP), described below, on the first day of the month. You have no other health coverage except what...

Life events that may have a significant tax impact

for the Elderly First Time Homebuyer Publication 530, Tax Information for First-Time Homeowners Publication 936 , Home Mortgage Interest Deduction Moving? Publication 521 , Moving Expenses Form 3903, Moving Expenses Publication 530, Tax...

Montana Subtractions from Income

the amounts that you deposited into a Montana medical care savings account. Please do not confuse this Montana MSA with the federal health savings account (HSA) that is deductible on Form 2, line 26. You are allowed to participate in both programs...

Wisconsin Subtractions from Income

If you paid long-term care insurance costs during the year, you may be able to subtract all or a portion of the cost of a long-term care insurance policy which covers you or your spouse. " Long-term care insurance policy " means a disability...

Nebraska Military Filing Information

Domicile The place an individual considers his or her permanent home. A domicile, once established, continues until a new, fixed and permanent home is established. There is no change in domicile when moving to a new location...