Student Loan Interest

You may take this deduction only if all four of the following apply. You paid interest in the tax year on a qualified student loan (see below). Your filing status is any status except married filing separately. Your modified adjusted gross income (MAGI) is less than: $85,000 if single, head of household, or qualifying widow(er); $170,000 if married filing jointly. You are not claimed as a [...]

Spouse Exemption Rules

Deduction for personal exemptions suspended For 2018 (through 2025), you can’t claim a personal exemption deduction for yourself, your spouse, or your [...]

Self-Select PIN Program

Self-Select PIN Requirements The Self-Select PIN will be the only IRS e-file signature method available to taxpayers filing online. To get your tax return accepted through e-file, the taxpayer must pass the IRS authentication process as follows: One of the following information must match the IRS database: - Prior Year Adjusted Gross Income (AGI) (enter as a whole number, no comma, [...]

Schedule B - Foreign Accounts and Trusts

Schedule B Part III: Foreign Accounts and Trusts Regardless of whether you are required to file FinCEN Form 114 (FBAR), you may be required to file Form 8938, Statement of Specified Foreign Financial Assets, with your income tax return. Failure to file Form 8938 may result in penalties and extension of the statute of limitations. See IRS.gov/Form8938 for more information. Line [...]

Self-Exemption Rule

Deduction for personal exemptions suspended For 2018 (through 2025), you can’t claim a personal exemption deduction for yourself, your spouse, or your dependents. The exemption value will appear as zero on the [...]