Tell us about yourself:
AARP Foundation Tax-Aide, the nation’s largest free, volunteer-run tax assistance and preparation program, started in 1968 with just four volunteers at one site. When in full operation, over 35,000 volunteers in all 50 states and the District of Columbia serve approximately 4,800 Tax-Aide sites. AARP Foundation Tax-Aide volunteers are trained and IRS-certified each year to ensure they know about and understand the latest changes and additions to the U.S. Tax Code.
Area of knowledge and what I know well:
U.S. Tax Code; Volunteerism
Certificates/Awards
IRS-certified
01/1968
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All Activity

Only a very small subset of employees are eligible for the mileage deduction or other expenses for the unreimbursed expenses of you vehicle.  Specifically, qualified performing artists, reservists in the armed forces, and fee-based government officia...
TaxAideExpert 03-14-2021 07:01 PM
0
Replies
0
Kudos
4074
Views
@LaurajW510385 , The expenses you mentioned are all unreimbursed employee expenses, which, as stated earlier, can not be deducted as miscellaneous itemized deductions for tax year 2020 due to the Tax Cuts and Jobs Act of 2017.  These deductions WERE ...
TaxAideExpert 03-14-2021 06:50 PM
0
Replies
0
Kudos
4075
Views
Only earned income can be invested into a Roth IRA, or any IRA. SS and regular pensions and interest are not considered earned income. Disability pensions may qualify if you are younger than the minimum retirement age.  Your option is to convert an e...
TaxAideExpert 03-14-2021 06:43 PM
0
Replies
0
Kudos
1795
Views
@calady53 , There is actually no age limit on making contributions to a Roth IRA, but you DO need to have taxable compensation from a job or self-employment to make a contribution.  So if you only have income from Social Security, pensions, or invest...
TaxAideExpert 03-14-2021 06:40 PM
0
Replies
0
Kudos
1796
Views
@FrancisN748673 , You can make nondeductible contributions to your traditional IRA if you like.  To avoid having to pay taxes when you withdraw these nondeductible contributions, document them by filing Form 8606 for 2020 to establish your "basis" in...
TaxAideExpert 03-14-2021 02:48 PM
0
Replies
0
Kudos
10047
Views
Only a very small subset of employees are eligible for the mileage deduction or other expenses for the unreimbursed expenses of you vehicle.  Specifically, qualified performing artists, reservists in the armed forces, and fee-based government officia...
TaxAideExpert 03-14-2021 07:01 PM
0
Replies
0
Kudos
4074
Views
@LaurajW510385 , The expenses you mentioned are all unreimbursed employee expenses, which, as stated earlier, can not be deducted as miscellaneous itemized deductions for tax year 2020 due to the Tax Cuts and Jobs Act of 2017.  These deductions WERE ...
TaxAideExpert 03-14-2021 06:50 PM
0
Replies
0
Kudos
4075
Views
Only earned income can be invested into a Roth IRA, or any IRA. SS and regular pensions and interest are not considered earned income. Disability pensions may qualify if you are younger than the minimum retirement age.  Your option is to convert an e...
TaxAideExpert 03-14-2021 06:43 PM
0
Replies
0
Kudos
1795
Views
@calady53 , There is actually no age limit on making contributions to a Roth IRA, but you DO need to have taxable compensation from a job or self-employment to make a contribution.  So if you only have income from Social Security, pensions, or invest...
TaxAideExpert 03-14-2021 06:40 PM
0
Replies
0
Kudos
1796
Views
@FrancisN748673 , You can make nondeductible contributions to your traditional IRA if you like.  To avoid having to pay taxes when you withdraw these nondeductible contributions, document them by filing Form 8606 for 2020 to establish your "basis" in...
TaxAideExpert 03-14-2021 02:48 PM
0
Replies
0
Kudos
10047
Views
Only a very small subset of employees are eligible for the mileage deduction or other expenses for the unreimbursed expenses of you vehicle.  Specifically, qualified performing artists, reservists in the armed forces, and fee-based government officia...
TaxAideExpert 03-14-2021 07:01 PM
0
Replies
0
Kudos
4074
Views
@LaurajW510385 , The expenses you mentioned are all unreimbursed employee expenses, which, as stated earlier, can not be deducted as miscellaneous itemized deductions for tax year 2020 due to the Tax Cuts and Jobs Act of 2017.  These deductions WERE ...
TaxAideExpert 03-14-2021 06:50 PM
0
Replies
0
Kudos
4075
Views
Only earned income can be invested into a Roth IRA, or any IRA. SS and regular pensions and interest are not considered earned income. Disability pensions may qualify if you are younger than the minimum retirement age.  Your option is to convert an e...
TaxAideExpert 03-14-2021 06:43 PM
0
Replies
0
Kudos
1795
Views
@calady53 , There is actually no age limit on making contributions to a Roth IRA, but you DO need to have taxable compensation from a job or self-employment to make a contribution.  So if you only have income from Social Security, pensions, or invest...
TaxAideExpert 03-14-2021 06:40 PM
0
Replies
0
Kudos
1796
Views
@FrancisN748673 , You can make nondeductible contributions to your traditional IRA if you like.  To avoid having to pay taxes when you withdraw these nondeductible contributions, document them by filing Form 8606 for 2020 to establish your "basis" in...
TaxAideExpert 03-14-2021 02:48 PM
0
Replies
0
Kudos
10047
Views
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Date Registered ‎03-31-2020 04:39 PM
Last Visited ‎04-24-2021 03:18 PM
Total Messages Posted 93
Total Kudos Received 45
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