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Fifty percent of a taxpayer's benefits may be taxable if they are: Filing single, head of household or qualifying widow or widower with $25,000 to $34,000 income. Married filing separately and lived apart from their spouse for all of the year with $25,000 to $34,000 income. Married filing jointly with $32,000 to $44,000 income. Up to 85% of a taxpayer's benefits may be taxable if they are: Filing single, head of household or qualifying widow or widower with more than $34,000

If you have a capital gain from the sale of your main home, you may qualify to exclude up to $250,000 of that gain from your income, or up to $500,000 of that gain if you file a joint return with your spouse. Capital Gain = (Sales Price - Closing Costs) - (Purchase Price + Repair/Maintenance + Closing Costs) Qualifying for the exclusion: Ownership and Use test: You must have owned and used your home as your main home for a period of at least two (2) years out of the five (5)

Need help with your small business taxes? Here is a list of common deductions.