Iowa does not tax Social Security benefits. However, those benefits ARE included in several calculations. To find out how Social Security affects those calculations, you have to calculate your "reportable" Social Security benefits in Iowa.
Railroad Retirement Benefits are a form of retirement income for people employed by railroads in the United States. Let's look at how these benefits are taxed.
Q: What is the IRS definition of breastfeeding supplies? A: IRS Notice 2011-14 states "expenses paid for breast pumps and supplies that assist lactation are deductible medical expenses" and are eligible for reimbursement through HSAs. So basically, anything you purchase for breastfeeding would qualify. Q: Do i have to file taxes after 72 years old? A: This [...]
By Jason Dinesen| 2012-06-01T06:25:28-05:00 February 3rd, 2012|Categories: Potpourri of Tax Topics|Tags: Breastfeeding Supplies, Form 1099-K, Georgia, Same-sex marriage, School Camp, Self-employed Health Insurance, Social Security|
DISCLAIMER: The answers to questions in this segment are intended to be general in nature and do NOT constitute tax advice. Please contact a tax advisor to discuss your unique situation. Q: I have a business account with an associated merchants card account. In the past I have done business with entities that only pay [...]