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West Virginia Subtractions from Income

whichever is less. CONTRIBUTIONS TO THE WEST VIRGINIA PREPAID TUITION TRUST/WEST VIRGINIA SAVINGS PLAN TRUST Enter any payments paid to a prepaid tuition trust fund/savings plan trust, but only to the extent the payments have not been...

How do I pay the amount I owe?

TaxSlayer offers a variety of options to make payments to the IRS and state(s) when a balance is due. When your accepted return(s) shows a balance due, TaxSlayer provides a payment voucher as part of the accepted PDF of the Federal......

New Mexico Modified Gross Income

the definition of MGI and DO NOT have to be reported: money lent to you that you are legally bound to repay; the face value of food stamps or WIC vouchers; payments by any party or by Medicare or any similar plan for hospital, dental, medical or drug...

Michigan Subtractions from Income

distribution from a pension or retirement plan that is contributed to a qualifying charitable organization. To qualify, you must make the payment to the charity within 60 days of receiving the distribution, and reduce the amount...

Why are you asking if I have health insurance?

As a result of the Affordable Care Act, the IRS will begin requiring verification of a taxpayers current enrollment in some form of health insurance plan. In an effort to better serve you, and report all required information to the IRS, we...

Maryland Subtractions from Income

by the State or local governments of Maryland. Benefits received from a Keogh plan on which State income tax was paid prior to 1967. Attach statement. Amount of wages and salaries disallowed as a deduction due to the work opportunity credit allowed...

1099-R: Early Withdrawal Penalty

plan or deferred annuity contract before reaching age 59 1/2. The term "qualified retirement plan" means: - A qualified employee plan such as a 401(k) plan, - A qualified employee annuity plan, - A tax–sheltered annuity plan...

What is a SIMPLE 401(k)?

SIMPLE stands for " Savings Incentive Match Plan for Employees ". A SIMPLE plan is a written arrangement that provides you and your employees with a simplified way to make contributions to provide retirement income. Under a SIMPLE plan...

What is a "qualified student loan"?

person. A qualified employer plan. For more information on the above, please click here. Qualification #1: Expenses must be for yourself, your spouse, or your dependent. Generally, your dependent is someone who is either a: Qualifying child...

Massachusetts Additions to Income

market value of goods or services received in payment for your services). All prizes and awards won in a quiz program, drawing, beauty contest, etc. are taxable at fair market value. Awards and bonuses received from your employer...