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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...

Idaho Subtractions from Income

medical savings account and deduct the contribution. Deductible contributions do not include reimbursements that were redeposited into your Idaho medical savings account. Do not include amounts deducted on federal Form 1040. Enter the amount...

What is a Qualified Plan?

Qualified retirement plans set up by self-employed individuals are sometimes called Keogh or H.R.10 plans. The plan must be for the exclusive benefit of employees or their beneficiaries. A qualified plan can include coverage for a self...

Montana Subtractions from Income

Mortgage Corporation (FHLMAC) securities, you cannot subtract this interest or mutual fund dividends. United States obligations that are exempt include: Series E, EE, F, G and H savings bonds U.S. treasury bills U.S. government notes U.S....

Can I take an IRA Deduction for the amount I contributed to a 401(k) plan last year?

No. A 401(k) plan is not an IRA. The amount you contributed is not included as income in box 1 of your W-2 form so you do not pay tax on it in the year you made the contribution. In addition, you cannot take an IRA Deduction...

Examples of Credits

secondary educational institution eligible to participate in the student aid programs administered by the Department of Education. For more information about Education Credits, please Click here . Retirement Savings Credit (Form 8880) You...

W-2 Information

This is an important form that you receive from your employers for the past year. This form shows your wages, tax withheld, Social Security and Medicare information and any contribution(s) made to a retirement plan, medical account...

Missouri Subtractions from Income

are a participant claiming a subtraction for a contribution made to the savings program, you must attach your statement provided by the program manager . The statement must be in the name of a plan participant (account owner) claiming the subtraction...