SOME SOURCES OF TAXABLE
INCOME:
- Salary or wages
- Earnings from self-employment
- Interest and dividends
- Capital gains on sale of property
- State or local tax refunds
- Alimony
- Retirement plan distributions
- Incentive stock options
- Rental income
- Unemployment compensation
- Sick pay
- Gambling winnings
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SOME DEDUCTIONS OR
ADJUSTMENTS TO INCOME:
- Tuition and fees deduction
Deduction for educator expenses
- Contributions to an IRA
- Contributions to an HSA
- Retirement plan contributions
- Moving expenses
- Job-hunting expenses
- Student loan interest
- Part of self-employment tax
- Self-employed health insurance
- Medical expenses
- State income tax payments
- Real estate taxes
- Local personal property tax
- Home mortgage interest
- Home mortgage points
- Charitable contributions
- Investment interest expense
- Unreimbursed employee expenses
- Casualty or theft losses
- Tools & uniforms for work
- Professional dues
- Work-related education
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TAX CREDITS:
- Retirement savings contribution credit
- Child tax credit
- Additional child tax credit
- Credit for child & dependent care
- Education credits
- Adoption credit
- Earned income credit
- Home Energy Credit
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