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Special Charitable Contributions for Certain IRA Owners

As an alternative method for donating to a charity, certain taxpayers may transfer funds from their IRA to an eligible charitable organization. Here are ten things taxpayers who are thinking about making such a donation will need to know...

Charitable Contributions

Did you make a cash contribution to your favorite charity? Have you recently spent a weekend cleaning stuff out of your garage or basement that you then donated to a local charity? Charitable contributions can be tax deductible, but you...

Connecticut Credit for Taxes Paid to Another State

on the resident's out-of-state wages. You must also attach a copy of your return filed with the qualifying state(s) or the credit will be disallowed. Note : TaxSlayer will automatically submit the additional return on your behalf when......

Tips to Start Planning Next Year's Tax Return

donation to a charity. To see a complete list of items you can deduct, please refer to the Schedule A, Itemized Deduction instructions. Note :The TaxSlayer program will automatically provide the better of the two deductions for you based......

Forms and Schedules

of your return. A Itemized Deductions: includes medical and dental expenses, taxes you paid, mortgage interest expenses, gifts to charity, unreimbursed employee business expenses, job related travel expenses, miscellaneous deductions...

Standard Deduction and Exemption Amounts

2014 Standard Deduction and Exemptions Single - $6,200 Married Filing Joint - $12,400 Married Filing Separately - $6,200 Head of Household - $9,100 Qualifying Widow(er) - $12,400 Personal Exemption(s) - $3,950 IF THE TAXPAYER OR SPOUSE...

NY Long Term Care Insurance Credit – IT-249

If you paid premiums for qualified long-term care insurance, you may claim a credit against your personal income tax equal to 20% of the premiums paid during the tax year for the purchase of or for continuing coverage under a qualifying...

Utah Retirement Tax Credit

but not more than 6% of the qualifying income. The credit is limited by the total of your modified adjusted gross income, nontaxable interest income, and any additions to income reported on TC-40A, part 1. Note : The retirement credit is phased...

Form 1098-E: What do I do with my Student Loan Interest Statement?

Any interest that you paid on qualifying student loans is generally reported to you on Form 1098-E, Student Loan Interest Statement by the financial institution to which you made the payments. If you received a 1098-E, you can generally...

Ten Tips on Tax Credits for Child and Dependent Care Expenses

claiming the credit for child and dependent care expenses. 1. The care must have been provided for one or more qualifying persons. A qualifying person is your dependent child age 13 or younger when the care was provided. Additionally, your...