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6. If an individual's employer has paid 100% of the total contribution cost to fund an employee's pension, all pension plan retirement payments received by the retired employee must be included in his/her gross income. 7. Unreimbursed employee business expenses may be deducted by an individual who itemizes his/her deductions. 8. A single taxpayer with gross income lower than his/her available standard deduction amount will never be required to file a Form 1040 individual income tax return.. 9. If proceeds of a life insurance policy are received via surrender of the policy and the total cumulative premium payment amount made exceeds the proceeds amount, the owner of the policy may claim a deduction for the amount of the loss. 10. Investment interest expense may be deducted only to the extent of net investment income; excess interest that cannot be deducted because of this limitation may be carried over indefinitely to future years until deducted