Start For Free

Fast, Secure, and Always Accurate!
Help Categories

Articles
Limitations on your deduction for Charitable Contributions

Contributions to determine the amount of deductible contributions that you can report on your return. Information about limitations can be found starting on page 13....

Oklahoma Donations

to the fund are used to help provide medical and dental care for needy children and families. Every dollar you donate goes directly for health care costs. If you are not receiving a refund, you may contribute by sending a donation...

Virginia Subtractions from Income

Plan Income Previously Taxed by Another State Enter the amount of retirement income received during the taxable year on which the contributions were taxed in another state, but were deductible from federal adjusted gross income during the same...

Interest You Paid - How do I enter Points NOT Reported on 1098?

the points that you paid on your settlement statement. Points that you paid only to borrow money are generally deductible over the life of the loan, not all at once. Points paid for other purposes, such as for a lender’s services, are not deductible...

Please explain all of the deductions and credits that are available related to my auto and my other personal property.

The remaining $17 ($.50 × 34), based on the weight, is not deductible. Property Taxes on Personal Property (motor homes, boats, etc.) Personal property tax is deductible if it is a state or local tax that is: Charged on personal property, Based only...

Business Use of Home (Overview)

for the provision of day care services or for business storage purposes; exclusive use is not required in these cases. You also may take deductions if you rent out your residence. For more information, click here . Deductible expenses for business use...

Who qualifies to deduct educator expenses?

If you are an eligible educator, you can deduct up to $250 ($500 if married filing joint and both spouses are educators, but not more than $250 each) of any unreimbursed expenses [otherwise deductible as a trade or business expense] you...

1099-R: How do I Enter Distributions from Pensions, Annuities, or Other Retirement Plans?

of the distribution as taxable to the state. If there is no distribution in Box 14 leave blank Boxes 12-14. How to report my Rollover? If you " roll over " an IRA you are moving it from one company to another. You have 60 days from the time...

What is a "Collectible Exchange"?

for the item(s) sold, the sales price for the item(s) sold, and whether or not it was a " collectible exchange ". What is a "Collectible Exchange"? A collectible exchange is any long-term gain or deductible long-term loss from the sale...

What is a "qualified tuition plan (QTP)"?

expenses of the beneficiary. Contributions made to a QTP are not deductible on your Federal Tax Return. The benefits of establishing a QTP are; earnings accumulate tax free while in the account, and no tax is due on a distribution that is used...