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2017 DOLLAR LIMIT - This is the maximum dollar limit you can contribute to the BERS Tax Deferred Annuity TDA Program in 2017. Use the worksheet Determining Your Contribution Percentage included in the TDA Booklet to assist you in estimating your contribution rate. Desired percentages. Future contributions can be split between the Fixed and the Variable Programs and must be in whole percentages in multiples of 5. OF THE CITY OF NEW YORK 65 COURT STREET BROOKLYN NEW YORK 11201-4965 G BEFORE...
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01
Collect all the necessary documents such as W-2 forms, 1099 forms, and any other relevant tax documents.
02
Gather information about your deductions, including mortgage interest, property taxes, medical expenses, and charitable contributions.
03
Use Form 1040 to report your deductions. Report your deductions on Schedule A.
04
Fill out Schedule A by entering the relevant deductions in the appropriate categories.
05
Calculate the total amount of your deductions and enter it on line 8 of Schedule A.
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Transfer the total deduction amount from Schedule A to line 9 of Form 1040.
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Ensure the accuracy of your deductions by double-checking all the information before submitting your tax return.

Who needs your tda deductions are?

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Anyone who wants to reduce their taxable income can benefit from TDA deductions.
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Individuals who have mortgage interest, property taxes, medical expenses, or make charitable contributions may find TDA deductions useful.
03
It is important to consult with a tax professional or reference the IRS guidelines to determine if you are eligible for TDA deductions.
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TDA deductions are tax-deferred annuity deductions made from your paycheck before taxes are calculated.
Employees who have opted for the tax-deferred annuity plan offered by their employer are required to file their TDA deductions.
You can fill out your TDA deductions by following the instructions provided by your employer or the financial institution managing the annuity plan.
The purpose of TDA deductions is to help individuals save for retirement by deferring taxes on a portion of their income.
You must report the total amount of TDA deductions made throughout the year, the account number, and the financial institution managing the annuity plan.
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