I Sold My House and Have My Closing Statement, What Can I Deduct?

Your 'Origination Fees' or 'Points.' Often these are not on the 1098 Mortgage statement and are only found on the closing statement of your loan. The amount will be entered on your 1040-A Itemized Deductions Line 8 C.

If I Live in Colorado But Earn Income in Texas, Do I Owe Colorado State Taxes?

Yes.

Colorado state taxes are owed on total federal income. You can deduct the amount you paid in other state taxes however but since TX doesn't have income tax, you would not be able to deduct anything from your Colorado taxes.

2020-04-01
SOURCE:
https://www.colorado.gov/pacific/sites/default/files/Income17.pdf

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How Do I Report My Earnings From A Partnership or S-Corp on My 1040?

You use Schedule E


SOURCE:
https://pocketsense.com/report-schedule-k1-schedule-e-8631806.html

Colorado DR1317 Child Care Contribution Tax Credit Certification

This is a document used when certifying that a contribution has been made to a child care center. Often this would be used by a parent who contributes money to their daycare or pre-school. The DR1317 is prepared by the child care provider. Most people would have to ask their provider to do so.

SOURCES:
https://www.colorado.gov/pacific/sites/default/files/Income35.pdf
https://www.colorado.gov/pacific/sites/default/files/DR1317.pdf

What Is The 2017 Maximum Social Security Tax Amount? What to do with Overpayment?

The max amount of earnings for social security tax (6.2%) is $127,200 which equals a max amount of social security withholdings of $7,886. The excess is reported on line 71. Excess comes from either changing jobs during the year or a single employer overpaying SS.

What If My Spouse and I Have Been Over Our HSA Family Limit? (Excess Contribution to an HSA)

You will have to notify the bank. The excess contribution will need to be reported with your 1040 filing on Form 5329. If you discover it after filing for the year, the amount can be penalized by 6% to 10% for each year it goes un-taxed. In this case, if you already filed for that year, you would have to file a 1040X amended return for that year along with a Form 5329. If you have several years, you'll have to file several amended returns.


SOURCES:
https://www.irs.gov/forms-pubs/about-form-5329

https://www.irs.gov/instructions/i8889

What If Both I And My Spouse Have HSA Contributions? What is Our Max Contributing Amount

You can each have an HSA or just one of you but the max contribution is always the family limit:

2018 $6,900
2017 $6,750

SOURCE:
https://www.irs.gov/instructions/i8889