Potpourri of Tax Topics

/Potpourri of Tax Topics

Claiming Spouse as Dependent: What is Gross Income?

By | July 25th, 2018|Categories: Potpourri of Tax Topics|Tags: , |

Image courtesy of Pixabay.com A couple of weeks ago I wrote a post about whether or not a married couple can choose to file a separate return where one spouse claims the other spouse as a dependent. The answer is yes, if the spouse being claimed as a dependent: Has no gross income, and [...]

Comments Off on Claiming Spouse as Dependent: What is Gross Income?

Can I Claim My Disabled Spouse as a Dependent?

By | July 11th, 2018|Categories: Potpourri of Tax Topics|Tags: , |

This question comes up now and then: My spouse is disabled and has no income; can we file as married filing separately and I claim him/her as a dependent on my tax return?

Can I Deduct Cash Put Into the Collection Plate at Church?

By | May 22nd, 2018|Categories: Potpourri of Tax Topics|Tags: |

At first blush, the answer to the question posed in the title of this post would seem to be yes. Unfortunately, the answer is actually “no.”

Comments Off on Can I Deduct Cash Put Into the Collection Plate at Church?

Iowa Taxes and Married Filing Separately, Issue 7: Pension Exclusion

By | May 8th, 2018|Categories: Potpourri of Tax Topics|Tags: , , |

Iowa allows an exclusion of up to $12,000 of pension/retirement account income for taxpayers age 55 and older. When taxpayers file separate tax returns, the $12,000 exclusion might need to be allocated.

Comments Off on Iowa Taxes and Married Filing Separately, Issue 7: Pension Exclusion

Iowa Taxes and Married Filing Separately, Issue 6: Health Insurance Deduction

By | April 25th, 2018|Categories: Potpourri of Tax Topics|Tags: , , |

Iowa allows a deduction in full for health insurance premiums paid with after-tax dollars. This deductions is available to everyone, even those who don't itemize. Here's how this deduction works for people filing as married filing separately.

Comments Off on Iowa Taxes and Married Filing Separately, Issue 6: Health Insurance Deduction