2007-02-06 05:28:43 · 3 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
The Educator Expense deduction actually expired on Jan 1st 2006. Congress extended this for the 2006 Tax year, but it was reinstated after the Tax forms went to press. It can only be claimed on the 1040 for tax year 2005
2007-02-06 05:33:18 · answer #1 · answered by Anonymous · 1⤊ 0⤋
If you are using Turbo Tax or another software package, the program will accommodate your expense. If you are paper filing, there is no where on the 1040A Form to input the deduction. You have to use the 1040 form and enter the amount on line 23. On the dotted line to the left of the entry you put down an E. That line is labeled Archer MSA deduction. If you should have an Archer deduction and a teacher deduction you add the two and instead of writing an E you write a B on the dotted line next to the entry.
2007-02-06 13:56:04 · answer #2 · answered by anr 3 · 0⤊ 0⤋
The old fashion paper forms were printed before congress finished the tax rules .
The online software companies have the up- to - date stuff
and the free efile is top center page . . .
step thru until you find one you like, (I like TaxAct)
http://www.irs.gov/
2007-02-06 13:35:08 · answer #3 · answered by kate 7 · 0⤊ 0⤋