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Who can take the Retirement Savings Contributions Credit? (Savers Credit)

about the Savers Credit: 1. Income limits: The Savers Credit, formally known as the Retirement Savings Contributions Credit, applies to individuals with a filing status and 2013 income of: Single, married filing separately, or qualifying...

Who CANNOT take the Retirement Savings Credit?

You cannot take the Retirement Savings Credit if either of the following applies: Your AGI is more than $29,500 ($44,250 if filing as Head of Household, $59,000 if Married Filing Jointly) The person(s) who made the contributions...

Please explain all of the credits and deductions that are available related to retirement and investment.

By entering the amount of your contributions and some other basic information, TaxSlayer will determine if you are entitled to this deduction. Retirement Savings Contribution Credit If you made any of the following retirement......

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

What is Form 1099-R and how to report Box 2A What do the codes for Box 7 mean? Information on the Early Withdrawal Penalty Who Can Take the Retirement Savings Contribution Credit? 1099-R Simplified Method Worksheet...

What is an HSA (Health Savings Account)?

A health savings account (HSA) is a tax-exempt trust or custodial account that you set up with a qualified HSA trustee to pay or reimburse certain medical expenses you incur. You must be an eligible individual to qualify for an HSA...

Charitable Contribution Carryover

that time. Your total contributions deduction for the year to which you carry your contributions cannot exceed 50% of your adjusted gross income for that year. A carryover of a qualified conservation contribution can be carried forward for 15...

I was over 55 years old and married at the end of the year. How do I figure my additional contribution amount for Form 8889?

If, at the end of the year, you were age 55 or older and married, use the additional contribution worksheet below to determine the amount to enter for your Additional Contribution Amount. For each month, you are considered "eligible...

California Voluntary Contribution Funds

California Seniors Special Fund - If you and/or your spouse/RDP are 65 years of age or older as of January 1, 2014 and claim the Senior Exemption Credit, you may make a combined total contribution of up to $212 or $106 per spouse/RDP...

Arkansas Political Contribution Credit

The contribution must be made by April 17, 2014 to be claimed on the 2013 tax return. For more information view State Forms AR 1800 and/or AR 1000TC...

What is a 5498 IRA Contribution?

This form shows you the contributions you paid into a IRA throughout the year. To see an example of this form please select the link provided below. 5498 Example: http://www.irs.gov/pub/irs-pdf/f5498.pdf Additional Articles you may be interested in: Can I take an IRA De...