-
accident insurance proceeds
Exclusion
-
-
Child Support Payments
Exclusion
-
Damages for Personal Injury
Exclusion
-
-
-
-
Interest from State and Local Bonds
Exclusion
-
Scholarship grants
Exclusion
-
Social Security Benefits
Exclusion
-
Unemployment Compensation
Exclusion
-
Veterans Benefits
Exclusion
-
Welfare Payments
Exclusion
-
Workers Compensation
Exclusion
-
Alimony (Recieved)
Gross Income
-
-
-
-
Business Income
Gross Income
-
-
Embezzled Funds
Gross Income
-
Gains from sale of Property
Gross Income
-
Hobby Income
Gross Income
-
Interest on Capital
Gross Income
-
Punitive Damages
Gross Income
-
Rents (received)
Gross Income
-
-
-
Deductions FOR AGI occur...
Above the line
-
Deductions FROM AGI are or
Itemized Deductions or Standard Deductions
-
Expenses Incurred in trade
Deduction for AGI
-
Unreimbursed Moving Expense
Deduction for AGI
-
Contributions to traditional IRA's
Deduction for AGI
-
Fees for college tuition
Deduction for AGI
-
Contributions to HSA's
Deduction for AGI
-
Interest on Student Loans
Deduction for AGI
-
Excess Capital Losses
Deduction for AGI
-
Alimony (Payments)
Deduction for AGI
-
A taxpayer that is over or qualifies for an additional standard deduction of 1,200 or 1,500
65 or over; or blind
-
Personal & Dependency Exemptions are per dependent
3,900
-
Includes a taxpayer who is unmarried or separated from spouse by a divorce decree or separate maintenance agreement and does not qualify for another filing status
Single Filing Status (6,100)
-
Married as of last day of taxable year, or spouse dies during taxable year
Married Filing Jointly (12,200)
-
File as surviving spouse for 2 years after death of spouse if taxpayer maintains a home in which a dependent child lives
Surviving Spouse Filing Status (12,200)
-
Married but not filing a return with spouse and not abandoned spouse
Married Filing Separately (6,100)
-
Must be unmarried as of end of year or an abandoned spouse.
Must pay > half the cost of maintaining a household which is the principal home of a dependent for > half of tax year.
Head of Household Filing Status (8,950)
-
Inventory, Accounts Receivable, and Depreciable property or real property used in a business aren't considered...
Capital Assets
-
Most personal use assets used by individuals are considered...
Capital Assets
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