Winston, a calendar-year taxpayer, was employed and resided in Boston. On February 4, 2014, Winston was permanently transferred to Florida by his employer. Winston worked full-time for the entire year. In 2014, Winston incurred and paid the following unreimbursed expenses in relocating.Lodging and travel expenses while moving $1,000 Meals while in route to Florida 300 Cost of insuring household goods and personal effects during move 200 Cost of shipping household pets to new home 100 Costs of moving household furnishings and personal effects 3,000 What amount of the above expenses is deductible as moving expenses on Winstons 2014 federal tax return? Which expenses are included in the deductible amount and which expenses are excluded from the deductible amount and why?

For 2014, Travis and Bonnie White (both age 40) filed a joint return. Travis earned $55,000 in wages and was covered by his employer's qualified pension plan. Bonnie was unemployed and received $4,000 in alimony payments for the first four months of the year before remarrying. The couple had no other income. Each contributed $5,000 to an IRA account. What is the maximum allowable IRA deduction on their 2014 joint tax return? Which one of the following statements concerning the deduction for interest on qualified education loans is not correct?