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Individual Income Tax Guide
Page 4: Form 1040, line 32 (cont.) to line 33
Chapter 3 – Adjusted Gross Income
IRA deduction worksheet: Use the IRA Deduction Worksheet to figure the amount, if any, of your IRA deduction. But read the following 11-
Required minimum distributions: By April 1 of the year after the year in which you turn age 70½, you must start taking minimum required distributions from your traditional IRA. If you do not, you may have to pay a 50% additional tax on the amount that should have been distributed.
Nondeductible Contributions: If you made any nondeductible contributions to a traditional individual retirement arrangement (IRA) during the year, you must report them on Form 8606, Nondeductible IRAs.
Use the Student Loan Interest Deduction worksheet to figure your student loan interest deduction.
Exception: Use Worksheet 4.1 in Publication 970 instead of the standard worksheet to figure your student loan interest deduction if you file Form 2555, Foreign Earned Income, Form 2555-
For a complete discussion of the student loan interest deduction, go to the Student Loan Interest Deduction page.