Start For Free

Fast, Secure, and Always Accurate!
Help Categories

Articles
Tax Benefits for Education

gross income limits are higher than the thresholds for the American Opportunity Tax and Lifetime Learning Credits. Are you paying Student Loan interest ? You may be able to deduct up to $2,500 from your income per tax return. Student Loan...

1099-C: Discharge of Indebtedness. What is this form and what do I do with it?

If you received a Form 1099-C, this amount is generally reported as income on your return. A 1099-C is received when you have a debt (home, credit card, student loan, etc.) Cancelled. When this happens, it means that you received money...

Vermont Military Filing Information

50,000. Supporting Documents Required: Copy of DFAS form or certification statement from unit that all training was completed during the calendar year. III. Student loan repayment can be taken only if the amount is included in your adjusted...

What do I do with this tax form I received?

Mortgage Interest Form W-2 Wages and Earnings 1099-C Cancellation of Debt 1098-E Student Loan Interest Statement Form W-2G Gambling Winnings/Losses 1099-DIV Dividends and Distributions 1098-T Tuition and Fees Schedule K-1 (Form 1041...

Vermont Subtractions from Income

form or certification statement from unit that all training was completed during the calendar year. Student loan repayment can be taken only if the amount is included in your adjusted gross income. Enter the repayment benefit made under 10...

Massachusetts Subtractions From Income

which does not tax such income from Massachusetts or its political subdivisions. Undergraduate Student Loan Interest Deduction A deduction is allowed for interest paid on a qualified undergraduate student loan. To be eligible...

Injured Spouse Allocation Form (Form 8379)

of the refund. The following debts apply for this purpose: Past-due federal tax Child or spousal support Federal non-tax debt ( such as a student loan ) State income tax If the IRS has applied the injured spouse's refund against the spouse's...

Tax Documents Needed To Prepare Your Return

debt or student loan is reported on this form. Your lender must send you a 1098-E if you have at least $600 in interest. You may be able to deduct your student loan interest and other loan-related amounts, like origination fees...

Lump-Sum Social Security Payments

of IRA contributions, student loan interest expense, foreign earned income exclusion, foreign housing, U.S. tax exempt bonds and interest, employer-paid adoption expense and domestic production activities deduction. Your AGI can be found...

Delaware Subtractions from Income

Mortgage Corp. Government National Mortgage Association (Ginnie Maes) International Bank of Reconstruction and Development Student Loan Marketing Association (Sallie Maes) Examples of INTEREST THAT IS EXEMPT : U.S. Treasury Bill, Bonds (Series...