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Purchasing U.S. Savings Bonds with your Federal Refund

A feature has been added during the e-file process of your TaxSlayer account that enables you to purchase U.S. Savings Bonds using your anticipated Federal refund for yourself or another individual. This feature is located during the E

Who qualifies to have an HSA (Health Savings Account)?

. For more in-depth information about qualifying for an HSA, please reference IRS Publication 969, Health Savings Accounts and Other Tax-Favored Health Plans .

Indiana Taxable Social Security and/or Railroad Retirement Benefits Deduction

Indiana does not tax Social Security income or the railroad retirement benefits that are issued by the U.S. Railroad Retirement Board. Taxable Social Security income from Federal 1040, line 20b, is automatically deducted from Indiana

Tier 2 and Other Railroad Retirement and Railroad Unemployment Benefits

Enter the amount of Tier 2 vested dual benefits and other Railroad Retirement Act Benefits and Railroad Unemployment Insurance Act Benefits included in federal adjusted gross income and reported on your federal return as a taxable pension

What are the benefits of a HSA (Health Savings Account)?

You may enjoy several benefits from having an HSA including: * A tax deduction for contributions you, or someone other than your employer, make to your HSA even if you do not itemize your deductions on Form 1040. * Contributions to your HSA made by your employer (including contributions made through a cafeteria plan) may be excluded from your gross income. * The contributions remain in your account from year to year until you use them. * The interest or other earnings on the assets in the account are tax free. * Distributions may be tax free if you pay qualified medical expenses. * An HSA is "portable" so it stays with you if you change employers or leave the work force. For more information on HSAs: What is an HSA? Who qualifies to have an HSA?

Kentucky Retirement Income (Schedule P - Part I Only)

Complete Schedule P, Part I, and file with Kentucky Form 740 if: 1. Your taxable pension and retirement income from all sources is greater than $41,110 ; and a. you are retired from the federal government, the Commonwealth of Kentucky

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

What is a Medical Savings Account (MSA) and what are its benefits?

is portable so it stays with you if you change employers or leave the work force. To find out who qualifies to have a Medical Savings Account, click here .

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]

Mississippi Subtractions from Income

Pension Income Exempt from Mississippi Tax Social Security benefits, Railroad Retirement benefits, and retirement income from federal, state, and private retirement systems are exempt in total. National Guard and Reserve Pay Enter