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Does this mean can you deduct contributions to a traditional individual retirement account (IRA) on your federal 1040 income tax return.
If that is what this is about the answer would be yes if you meet all of the necessary rules to be a qualified taxpayer and make the qualified contribution amounts to your IRA account.
Go the IRS gov website and use the search box for Publication 590 to read all of the rules that you would follow to do this correctly.
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Does your husband have to claim your workers compensation benefits on his tax return?
does my spouse have to claim my workers disability pension on his income tax return
What are the benefits of a private pension?
The benefits of having a private pension is that one does not have to pay tax on it. Because of this, every ¥£160 one puts into their private pension, it will be worth ¥£200.
If you receive a deceased person's pension do you have to claim it as income?
Sure you do have to report the pension amount on your 1040 federal income tax return and the taxable amount of the distribution will be taxed to you in the same way that it was taxed to the deceased taxpayer.
Is it legal to claim others on your tax return?
It is legal to claim others on your tax return as your dependants, but only if they are in fact your dependants as defined by the IRS regulations.
Will inaccurate self employed tax return effect my auto injury claim?
Inaccurate self employed tax return and auto injury claim should not have any affect on each other for income tax return purposes.
Can you claim dependents abroad on your tax return?
Yes you can.
Is it possible to claim animals on your tax return?
Not as a dependent.
How to claim child tax credit?
Since tax regulations can change, it's a good idea to talk to your tax specialist or preparer to find out how to claim a child tax credit on your tax return. If you're filing a paper return or an online return and filling it out on your own, you should find it clearly indicated. There will be a few criteria that you will have to meet in order to claim the credit.
Can you claim four kids on a Federal Tax return?
Certainly, if you have 4 dependent kids (not kids who have grown up and moved out) you are free to claim them on your tax return, and should do so.
Can you claim farm tractor tires you purchased on tax return?
no
Do you have to claim your income tax return as income on unemployment?
No
What if your son is 17 and working can you still claim him and his income on your 2009 income tax?
Yes as long he and you meet the qualifications for you claim him as your qualifying child dependent on your income tax return. He would have to file his own income tax return reporting his own income and he would not be able to claim himself for exemption amount on his own income tax return.
