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Web21 feb 2024 · As a result, investing in tax-saving instruments under 80C allows you to both reduce your income tax liability and make investments for the future. Contributions to the National Pension Scheme (NPS): Typically, Section 80C, which has a ceiling of Rs. 1,50,000, applies to contributions to the National Pension Scheme. WebTo calculate the adjustment on the state return, go to the federal 1099Q screen in the Educate folder and enter the postal code in the State field, the Amount contributed in current year, and any additional data entry specified in the table below. Web8 dic 2024 · Apart from saving money, having the right tax software can help you avoid unwanted mistakes and IRS audits. Here are a few points that you should consider … how is property assessed