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 1099 Hc Form 2015

2015-2025 Form

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Instructions and help about 1099 Hc Form

part of the blizzard of paperwork the taxpayers have to deal with every year is the family of 1099 forms you know that 1099 int reports taxable interest to both you and the IRS the 1099 div reports taxable dividends the 1099r reports taxable retirement income from an IRA maybe or a pension plan the 1099 misc freelance Consulting income but not all dollars reported on all 1099 should show up on your 1040 form as taxable income make sure you don't accidentally report more than you have to take the 1099 go it's used to report payments from a government including any state income tax refund you received the previous year sure some taxpayers have to pay tax on what they got back but in fact most of us don't for the 70% or so of taxpayers who claimed the standard deduction last year the state income tax refund shown on the 1099 is 100% tax-free and even if you itemized part of the refund can be tax-free there's an easy to use worksheet in the instruction packe

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