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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

Nebraska Subtractions from Income

contributions made to other states' 529 college savings plans here. For questions about this plan go to , or contact the State Treasurer's Office at (402) 471-2455. Nebraska Long-Term Care Savings Plan Contribution Enter

Examples of Items to Report as Other Income

Taxable distributions from a health savings account (HSA) or an Archer MSA. Distributions from these accounts may be taxable if a) you engaged in any transaction prohibited by section 4975 with respect to any of your HSAs b) you used any

Colorado Subtractions from Income

the applicable subtraction according to your age. TUITION PROGRAM CONTRIBUTION Contributions to qualified Colorado tuition savings plans can be deducted from your return. The contribution must have been included on your federal income tax return

Kansas Subtractions

by the U.S. Railroad Retirement Board, including U.S. Railroad Retirement Benefits, tier I, tier II, dual vested benefits, and supplemental annuities. Learning Quest Education Savings Program Contribution Enter the amount of contributions

Michigan Subtractions from Income

. The amount you may subtract depends on the source of the benefits (public or private). Qualifying Benefits Include: Pension plans that define eligibility for retirement and set contribution and benefit amounts in advance. Qualified

Kansas Additions to Income

the amount of taxable (non-Kansas) bond interest to enter here. Contributions to Any Kansas Public Employee Retirement System Individuals affected are state employees, teachers, school district employees and other regular and special members

Iowa Subtractions From Income

. If both spouses earned income and made contributions to an IRA account , each spouse must claim his or her own contribution, not to exceed $5,000 per spouse ($6,000 if 50 or older). If both spouses made contributions to an IRA but only

What is a SIMPLE IRA?

A SIMPLE IRA plan is a Savings Incentive Match Plan for Employees. The plan gives small employers a simplified method to make contributions toward their own and their employees retirement. Under a SIMPLE IRA plan, employees can choose

What is a Nondeductible IRA?

If you are not covered by an employer-sponsored retirement plan at work, your contribution to a traditional IRA is always tax-deductible, regardless of your modified adjusted gross income (MAGI). However, if either you or your spouse