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Virginia College Savings Plan Income Distribution or Refund

Enter the amount of any income included in federal adjusted gross income that is attributable to a distribution of benefits or a refund from the Virginia College Savings Plan (previously called the Virginia Higher Education Tuition Trust

Recapture of Contributions to Oklahoma College Savings Plan

in this paragraph, “rollover” means the transfer of funds from the Oklahoma 529 College Savings Plan or OklahomaDream 529 accounts to any other plan under Section 529 of the Internal Revenue Code. An individual who makes a non-qualified withdrawal

What is a SEP (Simplified Employee Pension Plan)?

Generally, you can deduct the contributions you make each year to each employee's SEP-IRA. If you are self-employed, you can deduct the contributions you make each year to your own SEP-IRA. A SEP is a written plan that allows you to make

Massachusetts Taxable IRA/Keogh Plan worksheet (Example)

Taxable IRA/Keogh Plan, Qualified Charitable IRA deductions and Roth IRA Conversion Distributions Complete the Schedule X, line 2 worksheet to calculate the taxable portion of any amount you received from an IRA, Keogh, qualified

What is Second Lowest Cost Silver Plan (SLCSP)? Obamacare/ACA

There are four types of plans sold on the insurance exchange- bronze, silver, gold and platinum. Each plan offers a different level of health coverage available at different costs. The Second Lowest Cost Silver Plan, is the silver plan

I was covered by a retirement plan at work. Will this affect the amount of my IRA deduction?

If you were covered by a retirement plan ( qualified pension, profit-sharing, 401(k), annuity, SEP, SIMPLE, etc .) at work or through self-employment, your IRA deduction may be reduced or eliminated. This depends on the level of your

Can I take an IRA Deduction for the amount I contributed to a 401(k) plan last year?

No. A 401(k) plan is not an IRA. The amount you contributed is not included as income in box 1 of your W-2 form so you do not pay tax on it in the year you made the contribution. In addition, you cannot take an IRA Deduction

Retirement Plan Income Previously Taxed by Another State (Virginia)

Enter the amount of income from Virginia obligations that you included in your federal adjusted gross income. Income from Virginia obligations would include interest on Virginia state bonds or municipal obligations and gains from sales of those obligations that are included in your federal adjusted gross income. For information on obligations that qualify for the subtraction, see PD 94- 281 . Reports on Schedule ADJ , Line 6, Code 20. Code of Virginia Section 58.1-322 [C] [2]

What is the Second Lowest Cost Silver Plan (SLCSP) and the Affordable Care Act /Obamacare?

There are four types of plans sold on the insurance exchange- bronze, silver, gold and platinum. Each plan offers a different level of health coverage available at different costs. The Second Lowest Cost Silver Plan , is the silver plan

Vouchers for Next Year's Taxes

Payment- Jan 15, 2017 If you already make estimated payments throughout the tax year, or plan on doing so in the upcoming tax year, you can easily prepare your payment vouchers for mailing within your TaxSlayer account. To prepare