Start For Free

Fast, Secure, and Always Accurate!
Help Categories

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 2016 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 $30,750 ($46,125 if filing as Head of Household, $61,500 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 savings

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

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

Savings Contribution Credit? 1099-R Simplified Method Worksheet

Recapture of Contributions to Oklahoma College Savings Plan

If an individual elects to take a rollover on a contribution within one year of the date of the contribution, for which a deduction was taken on the previous year’s return, the amount of such rollover is included in income. As used

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

Who qualifies to have a Medical Savings Account (MSA)?

and then grow beyond 50 employees. The employer will continue to meet the requirement for small employers if he or she: * Had 50 or fewer employees when the Archer MSAs began, * Made a contribution that was excludable or deductible as an Archer

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, 2016 and claim the Senior Exemption Credit, you may make a combined total contribution of up to $218 or $109 per spouse/RDP

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