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2009 Federal Tax Form 1040

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2009 Federal Tax Form 1040

2009 federal tax form 1040 33. 2009 federal tax form 1040   Credit for the Elderly or the Disabled Table of Contents Introduction Useful Items - You may want to see: Are You Eligible for the Credit?Qualified Individual Income Limits How to Claim the CreditCredit Figured for You Credit Figured by You Introduction If you qualify, you may be able to reduce the tax you owe by taking the credit for the elderly or the disabled which is figured on Schedule R (Form 1040A or 1040). 2009 federal tax form 1040 This chapter explains the following. 2009 federal tax form 1040 Who qualifies for the credit for the elderly or the disabled. 2009 federal tax form 1040 How to claim the credit. 2009 federal tax form 1040 You may be able to take the credit for the elderly or the disabled if: You are age 65 or older at the end of 2013, or You retired on permanent and total disability and have taxable disability income. 2009 federal tax form 1040 Useful Items - You may want to see: Publication 524 Credit for the Elderly or the Disabled 554 Tax Guide for Seniors Form (and Instruction) Schedule R (Form 1040A or 1040) Credit for the Elderly or the Disabled Are You Eligible for the Credit? You can take the credit for the elderly or the disabled if you meet both of the following requirements. 2009 federal tax form 1040 You are a qualified individual. 2009 federal tax form 1040 Your income is not more than certain limits. 2009 federal tax form 1040 You can use Figure 33-A and Table 33-1 as guides to see if you are eligible for the credit. 2009 federal tax form 1040 Use Figure 33-A first to see if you are a qualified individual. 2009 federal tax form 1040 If you are, go to Table 33-1 to make sure your income is not too high to take the credit. 2009 federal tax form 1040 You can take the credit only if you file Form 1040 or Form 1040A. 2009 federal tax form 1040 You cannot take the credit if you file Form 1040EZ. 2009 federal tax form 1040 Qualified Individual You are a qualified individual for this credit if you are a U. 2009 federal tax form 1040 S. 2009 federal tax form 1040 citizen or resident alien, and either of the following applies. 2009 federal tax form 1040 You were age 65 or older at the end of 2013. 2009 federal tax form 1040 You were under age 65 at the end of 2013 and all three of the following statements are true. 2009 federal tax form 1040 You retired on permanent and total disability (explained later). 2009 federal tax form 1040 You received taxable disability income for 2013. 2009 federal tax form 1040 On January 1, 2013, you had not reached mandatory retirement age (defined later under Disability income ). 2009 federal tax form 1040 Age 65. 2009 federal tax form 1040   You are considered to be age 65 on the day before your 65th birthday. 2009 federal tax form 1040 Therefore, if you were born on January 1, 1949, you are considered to be age 65 at the end of 2013. 2009 federal tax form 1040 U. 2009 federal tax form 1040 S. 2009 federal tax form 1040 Citizen or Resident Alien You must be a U. 2009 federal tax form 1040 S. 2009 federal tax form 1040 citizen or resident alien (or be treated as a resident alien) to take the credit. 2009 federal tax form 1040 Generally, you cannot take the credit if you were a nonresident alien at any time during the tax year. 2009 federal tax form 1040 Exceptions. 2009 federal tax form 1040   You may be able to take the credit if you are a nonresident alien who is married to a U. 2009 federal tax form 1040 S. 2009 federal tax form 1040 citizen or resident alien at the end of the tax year and you and your spouse choose to treat you as a U. 2009 federal tax form 1040 S. 2009 federal tax form 1040 resident alien. 2009 federal tax form 1040 If you make that choice, both you and your spouse are taxed on your worldwide incomes. 2009 federal tax form 1040 If you were a nonresident alien at the beginning of the year and a resident alien at the end of the year, and you were married to a U. 2009 federal tax form 1040 S. 2009 federal tax form 1040 citizen or resident alien at the end of the year, you may be able to choose to be treated as a U. 2009 federal tax form 1040 S. 2009 federal tax form 1040 resident alien for the entire year. 2009 federal tax form 1040 In that case, you may be allowed to take the credit. 2009 federal tax form 1040 For information on these choices, see chapter 1 of Publication 519, U. 2009 federal tax form 1040 S. 2009 federal tax form 1040 Tax Guide for Aliens. 2009 federal tax form 1040 Married Persons Generally, if you are married at the end of the tax year, you and your spouse must file a joint return to take the credit. 2009 federal tax form 1040 However, if you and your spouse did not live in the same household at any time during the tax year, you can file either a joint return or separate returns and still take the credit. 2009 federal tax form 1040 Head of household. 2009 federal tax form 1040   You can file as head of household and qualify to take the credit, even if your spouse lived with you during the first 6 months of the year, if you meet certain tests. 2009 federal tax form 1040 See Head of Household in chapter 2 for the tests you must meet. 2009 federal tax form 1040 Under Age 65 If you are under age 65 at the end of 2013, you can qualify for the credit only if you are retired on permanent and total disability (discussed next) and have taxable disability income (discussed later under Disability income ). 2009 federal tax form 1040 You are retired on permanent and total disability if: You were permanently and totally disabled when you retired, and You retired on disability before the close of the tax year. 2009 federal tax form 1040 Even if you do not retire formally, you may be considered retired on disability when you have stopped working because of your disability. 2009 federal tax form 1040 If you retired on disability before 1977, and were not permanently and totally disabled at the time, you can qualify for the credit if you were permanently and totally disabled on January 1, 1976, or January 1, 1977. 2009 federal tax form 1040 Permanent and total disability. 2009 federal tax form 1040    You are permanently and totally disabled if you cannot engage in any substantial gainful activity because of your physical or mental condition. 2009 federal tax form 1040 A qualified physician must certify that the condition has lasted or can be expected to last continuously for 12 months or more, or that the condition can be expected to result in death. 2009 federal tax form 1040 See Physician's statement , later. 2009 federal tax form 1040 Substantial gainful activity. 2009 federal tax form 1040   Substantial gainful activity is the performance of significant duties over a reasonable period of time while working for pay or profit, or in work generally done for pay or profit. 2009 federal tax form 1040 Full-time work (or part-time work done at your employer's convenience) in a competitive work situation for at least the minimum wage conclusively shows that you are able to engage in substantial gainful activity. 2009 federal tax form 1040   Substantial gainful activity is not work you do to take care of yourself or your home. 2009 federal tax form 1040 It is not unpaid work on hobbies, institutional therapy or training, school attendance, clubs, social programs, and similar activities. 2009 federal tax form 1040 However, doing this kind of work may show that you are able to engage in substantial gainful activity. 2009 federal tax form 1040    The fact that you have not worked for some time is not, of itself, conclusive evidence that you cannot engage in substantial gainful activity. 2009 federal tax form 1040 Sheltered employment. 2009 federal tax form 1040   Certain work offered at qualified locations to physically or mentally impaired persons is considered sheltered employment. 2009 federal tax form 1040 These qualified locations are in sheltered workshops, hospitals, and similar institutions, homebound programs, and Department of Veterans Affairs (VA) sponsored homes. 2009 federal tax form 1040   Compared to commercial employment, pay is lower for sheltered employment. 2009 federal tax form 1040 Therefore, one usually does not look for sheltered employment if he or she can get other employment. 2009 federal tax form 1040 The fact that one has accepted sheltered employment is not proof of the person's ability to engage in substantial gainful activity. 2009 federal tax form 1040 Physician's statement. 2009 federal tax form 1040   If you are under age 65, you must have your physician complete a statement certifying that you were permanently and totally disabled on the date you retired. 2009 federal tax form 1040 You can use the statement in the Instructions for Schedule R. 2009 federal tax form 1040    Figure 33-A. 2009 federal tax form 1040 Are You a Qualified Individual? This image is too large to be displayed in the current screen. 2009 federal tax form 1040 Please click the link to view the image. 2009 federal tax form 1040 Figure 33-A Are You a Qualified Individual?   You do not have to file this statement with your Form 1040 or Form 1040A, but you must keep it for your records. 2009 federal tax form 1040 Veterans. 2009 federal tax form 1040   If the Department of Veterans Affairs (VA) certifies that you are permanently and totally disabled, you can substitute VA Form 21-0172, Certification of Permanent and Total Disability, for the physician's statement you are required to keep. 2009 federal tax form 1040 VA Form 21-0172 must be signed by a person authorized by the VA to do so. 2009 federal tax form 1040 You can get this form from your local VA regional office. 2009 federal tax form 1040 Physician's statement obtained in earlier year. 2009 federal tax form 1040   If you got a physician's statement in an earlier year and, due to your continued disabled condition, you were unable to engage in any substantial gainful activity during 2013, you may not need to get another physician's statement for 2013. 2009 federal tax form 1040 For a detailed explanation of the conditions you must meet, see the instructions for Schedule R, Part II. 2009 federal tax form 1040 If you meet the required conditions, check the box on your Schedule R, Part II, line 2. 2009 federal tax form 1040   If you checked box 4, 5, or 6 in Part I of Schedule R, enter in the space above the box on line 2 in Part II the first name(s) of the spouse(s) for whom the box is checked. 2009 federal tax form 1040 Table 33-1. 2009 federal tax form 1040 Income Limits IF your filing status is . 2009 federal tax form 1040 . 2009 federal tax form 1040 . 2009 federal tax form 1040 THEN, even if you qualify (see Figure 33-A ), you CANNOT take the credit if. 2009 federal tax form 1040 . 2009 federal tax form 1040 . 2009 federal tax form 1040   Your adjusted gross income (AGI)* is equal to or more than. 2009 federal tax form 1040 . 2009 federal tax form 1040 . 2009 federal tax form 1040     OR the total of your nontaxable social security and other nontaxable pension(s), annuities, or disability income is equal to or more than. 2009 federal tax form 1040 . 2009 federal tax form 1040 . 2009 federal tax form 1040   single, head of household, or qualifying widow(er) with dependent child   $17,500     $5,000   married filing jointly and only one spouse qualifies in Figure 33-A   $20,000     $5,000   married filing jointly and both spouses qualify in Figure 33-A   $25,000     $7,500   married filing separately and you lived apart from your spouse for all of 2013   $12,500     $3,750   * AGI is the amount on Form 1040A, line 22, or Form 1040, line 38. 2009 federal tax form 1040 Disability income. 2009 federal tax form 1040   If you are under age 65, you must also have taxable disability income to qualify for the credit. 2009 federal tax form 1040 Disability income must meet both of the following requirements. 2009 federal tax form 1040 It must be paid under your employer's accident or health plan or pension plan. 2009 federal tax form 1040 It must be included in your income as wages (or payments instead of wages) for the time you are absent from work because of permanent and total disability. 2009 federal tax form 1040 Payments that are not disability income. 2009 federal tax form 1040   Any payment you receive from a plan that does not provide for disability retirement is not disability income. 2009 federal tax form 1040 Any lump-sum payment for accrued annual leave that you receive when you retire on disability is a salary payment and is not disability income. 2009 federal tax form 1040   For purposes of the credit for the elderly or the disabled, disability income does not include amounts you receive after you reach mandatory retirement age. 2009 federal tax form 1040 Mandatory retirement age is the age set by your employer at which you would have had to retire, had you not become disabled. 2009 federal tax form 1040 Income Limits To determine if you can claim the credit, you must consider two income limits. 2009 federal tax form 1040 The first limit is the amount of your adjusted gross income (AGI). 2009 federal tax form 1040 The second limit is the amount of nontaxable social security and other nontaxable pensions, annuities, or disability income you received. 2009 federal tax form 1040 The limits are shown in Table 33-1. 2009 federal tax form 1040 If your AGI and nontaxable pensions, annuities, or disability income are less than the income limits, you may be able to claim the credit. 2009 federal tax form 1040 See How to Claim the Credit , later. 2009 federal tax form 1040 If either your AGI or your nontaxable pensions, annuities, or disability income are equal to or more than the income limits, you cannot take the credit. 2009 federal tax form 1040 How to Claim the Credit You can figure the credit yourself or the Internal Revenue Service will figure it for you. 2009 federal tax form 1040 Credit Figured for You If you choose to have the IRS figure the credit for you, read the following discussion for the form you will file (Form 1040 or 1040A). 2009 federal tax form 1040 If you want the IRS to figure your tax, see chapter 30. 2009 federal tax form 1040 Form 1040. 2009 federal tax form 1040   If you want the IRS to figure your credit, see Form 1040 Line Entries under Tax Figured by IRS in chapter 30. 2009 federal tax form 1040 Form 1040A. 2009 federal tax form 1040   If you want the IRS to figure your credit, see Form 1040A Line Entries under Tax Figured by IRS in chapter 30. 2009 federal tax form 1040 Credit Figured by You If you choose to figure the credit yourself, fill out the front of Schedule R. 2009 federal tax form 1040 Next, fill out Schedule R, Part III. 2009 federal tax form 1040 If you file Form 1040A, enter the amount from Schedule R, line 22, on Form 1040A, line 30. 2009 federal tax form 1040 If you file Form 1040, include the amount from Schedule R, line 22, on line 53; check box c, and enter “Sch R” on the line next to that box. 2009 federal tax form 1040 For a step-by-step discussion about filling out Part III of Schedule R, see Figuring the Credit Yourself in Publication 524. 2009 federal tax form 1040 Limit on credit. 2009 federal tax form 1040   The amount of the credit you can claim is generally limited to the amount of your tax. 2009 federal tax form 1040 Use the Credit Limit Worksheet in the Instructions for Schedule R to determine if your credit is limited. 2009 federal tax form 1040 Prev  Up  Next   Home   More Online Publications
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The 2009 Federal Tax Form 1040

2009 federal tax form 1040 Internal Revenue Bulletin:  2013-12  March 18, 2013  Rev. 2009 federal tax form 1040 Proc. 2009 federal tax form 1040 2013-21 Table of Contents SECTION 1. 2009 federal tax form 1040 PURPOSE SECTION 2. 2009 federal tax form 1040 BACKGROUND SECTION 3. 2009 federal tax form 1040 SCOPE SECTION 4. 2009 federal tax form 1040 APPLICATION. 2009 federal tax form 1040 01 Limitations on Depreciation Deductions for Certain Automobiles. 2009 federal tax form 1040 . 2009 federal tax form 1040 02 Inclusions in Income of Lessees of Passenger Automobiles. 2009 federal tax form 1040 SECTION 5. 2009 federal tax form 1040 EFFECTIVE DATE SECTION 6. 2009 federal tax form 1040 DRAFTING INFORMATION SECTION 1. 2009 federal tax form 1040 PURPOSE This revenue procedure provides: (1) limitations on depreciation deductions for owners of passenger automobiles first placed in service by the taxpayer during calendar year 2013, including separate tables of limitations on depreciation deductions for trucks and vans; and (2) the amounts that must be included in income by lessees of passenger automobiles first leased by the taxpayer during calendar year 2013, including a separate table of inclusion amounts for lessees of trucks and vans. 2009 federal tax form 1040 The tables detailing these depreciation limitations and lessee inclusion amounts reflect the automobile price inflation adjustments required by § 280F(d)(7) of the Internal Revenue Code. 2009 federal tax form 1040 SECTION 2. 2009 federal tax form 1040 BACKGROUND . 2009 federal tax form 1040 01 For owners of passenger automobiles, § 280F(a) imposes dollar limitations on the depreciation deduction for the year the taxpayer places the passenger automobile in service and for each succeeding year. 2009 federal tax form 1040 For passenger automobiles placed in service after 1988, § 280F(d)(7) requires the Internal Revenue Service to increase the amounts allowable as depreciation deductions by a price inflation adjustment amount. 2009 federal tax form 1040 The method of calculating this price inflation amount for trucks and vans placed in service in or after calendar year 2003 uses a different CPI “automobile component” (the “new trucks” component) than that used in the price inflation amount calculation for other passenger automobiles (the “new cars” component), resulting in somewhat higher depreciation deductions for trucks and vans. 2009 federal tax form 1040 This change reflects the higher rate of price inflation for trucks and vans since 1988. 2009 federal tax form 1040 . 2009 federal tax form 1040 02 Section 331(a) of the American Taxpayer Relief Act of 2012, Pub. 2009 federal tax form 1040 L. 2009 federal tax form 1040 No. 2009 federal tax form 1040 112-240, 126 Stat. 2009 federal tax form 1040 2313 (Jan. 2009 federal tax form 1040 2, 2013) (the “Act”) extended the 50 percent additional first year depreciation deduction under § 168(k) to qualified property acquired by the taxpayer after December 31, 2007, and before January 1, 2014, if no written binding contract for the acquisition of the property existed before January 1, 2008, and if the taxpayer places the property in service generally before January 1, 2014. 2009 federal tax form 1040 Section 168(k)(2)(F)(i) increases the first year depreciation allowed under § 280F(a)(1)(A)(i) by $8,000 for passenger automobiles to which the additional first year depreciation deduction under § 168(k) (hereinafter, referred to as “§ 168(k) additional first year depreciation deduction”) applies. 2009 federal tax form 1040 . 2009 federal tax form 1040 03 Section 168(k)(2)(D)(i) provides that the § 168(k) additional first year depreciation deduction does not apply to any property required to be depreciated under the alternative depreciation system of § 168(g), including property described in § 280F(b)(1). 2009 federal tax form 1040 Section 168(k)(2)(D)(iii) permits a taxpayer to elect out of the § 168(k) additional first year depreciation deduction for any class of property. 2009 federal tax form 1040 Section 168(k)(4), as amended by the Act, permits a corporation to elect to increase the alternative minimum tax (“AMT”) credit limitation under § 53(c), instead of claiming the § 168(k) additional first year depreciation deduction for all eligible qualified property placed in service after December 31, 2012, that is round 3 extension property (as defined in § 168(k)(4)(J)(iv)). 2009 federal tax form 1040 Accordingly, this revenue procedure provides tables for passenger automobiles for which the § 168(k) additional first year depreciation deduction applies. 2009 federal tax form 1040 This revenue procedure also provides tables for passenger automobiles for which the § 168(k) additional first year depreciation deduction does not apply, either because taxpayer: (1) purchased the passenger automobile used; (2) did not use the passenger automobile during 2013 more than 50 percent for business purposes; (3) elected out of the § 168(k) additional first year depreciation deduction pursuant to § 168(k)(2)(D)(iii); or (4) elected to increase the § 53 AMT credit limitation in lieu of claiming § 168(k) additional first year depreciation. 2009 federal tax form 1040 . 2009 federal tax form 1040 04 Section 280F(c) requires a reduction in the deduction allowed to the lessee of a leased passenger automobile. 2009 federal tax form 1040 The reduction must be substantially equivalent to the limitations on the depreciation deductions imposed on owners of passenger automobiles. 2009 federal tax form 1040 Under § 1. 2009 federal tax form 1040 280F-7(a) of the Income Tax Regulations, this reduction requires a lessee to include in gross income an amount determined by applying a formula to the amount obtained from a table. 2009 federal tax form 1040 One table applies to lessees of trucks and vans and another table applies to all other passenger automobiles. 2009 federal tax form 1040 Each table shows inclusion amounts for a range of fair market values for each taxable year after the passenger automobile is first leased. 2009 federal tax form 1040 SECTION 3. 2009 federal tax form 1040 SCOPE . 2009 federal tax form 1040 01 The limitations on depreciation deductions in section 4. 2009 federal tax form 1040 01(2) of this revenue procedure apply to passenger automobiles (other than leased passenger automobiles) that are placed in service by the taxpayer in calendar year 2013, and continue to apply for each taxable year that the passenger automobile remains in service. 2009 federal tax form 1040 . 2009 federal tax form 1040 02 The tables in section 4. 2009 federal tax form 1040 02 of this revenue procedure apply to leased passenger automobiles for which the lease term begins during calendar year 2013. 2009 federal tax form 1040 Lessees of these passenger automobiles must use these tables to determine the inclusion amount for each taxable year during which the passenger automobile is leased. 2009 federal tax form 1040 See Rev. 2009 federal tax form 1040 Proc. 2009 federal tax form 1040 2008-22, 2008-1 C. 2009 federal tax form 1040 B. 2009 federal tax form 1040 658, for passenger automobiles first leased during calendar year 2008; Rev. 2009 federal tax form 1040 Proc. 2009 federal tax form 1040 2009-24, 2009-17 I. 2009 federal tax form 1040 R. 2009 federal tax form 1040 B. 2009 federal tax form 1040 885, for passenger automobiles first leased during calendar year 2009; Rev. 2009 federal tax form 1040 Proc. 2009 federal tax form 1040 2010-18, 2010-09 I. 2009 federal tax form 1040 R. 2009 federal tax form 1040 B. 2009 federal tax form 1040 427, as amplified and modified by section 4. 2009 federal tax form 1040 03 of Rev. 2009 federal tax form 1040 Proc. 2009 federal tax form 1040 2011-21, 2011-12 I. 2009 federal tax form 1040 R. 2009 federal tax form 1040 B. 2009 federal tax form 1040 560, for passenger automobiles first leased during calendar year 2010; Rev. 2009 federal tax form 1040 Proc. 2009 federal tax form 1040 2011-21, for passenger automobiles first leased during calendar year 2011; and Rev. 2009 federal tax form 1040 Proc. 2009 federal tax form 1040 2012-23, 2012-14 I. 2009 federal tax form 1040 R. 2009 federal tax form 1040 B. 2009 federal tax form 1040 712, for passenger automobiles first leased during calendar year 2012. 2009 federal tax form 1040 SECTION 4. 2009 federal tax form 1040 APPLICATION . 2009 federal tax form 1040 01 Limitations on Depreciation Deductions for Certain Automobiles. 2009 federal tax form 1040 (1) Amount of the inflation adjustment. 2009 federal tax form 1040 (a) Passenger automobiles (other than trucks or vans). 2009 federal tax form 1040 Under § 280F(d)(7)(B)(i), the automobile price inflation adjustment for any calendar year is the percentage (if any) by which the CPI automobile component for October of the preceding calendar year exceeds the CPI automobile component for October 1987. 2009 federal tax form 1040 Section 280F(d)(7)(B)(ii) defines the term “CPI automobile component” as the automobile component of the Consumer Price Index for all Urban Consumers published by the Department of Labor. 2009 federal tax form 1040 The new car component of the CPI was 115. 2009 federal tax form 1040 2 for October 1987 and 143. 2009 federal tax form 1040 787 for October 2012. 2009 federal tax form 1040 The October 2012 index exceeded the October 1987 index by 28. 2009 federal tax form 1040 587. 2009 federal tax form 1040 Therefore, the automobile price inflation adjustment for 2013 for passenger automobiles (other than trucks and vans) is 24. 2009 federal tax form 1040 8 percent (28. 2009 federal tax form 1040 587/115. 2009 federal tax form 1040 2 x 100%). 2009 federal tax form 1040 The dollar limitations in § 280F(a) are multiplied by a factor of 0. 2009 federal tax form 1040 248, and the resulting increases, after rounding to the nearest $100, are added to the 1988 limitations to give the depreciation limitations applicable to passenger automobiles (other than trucks and vans) for calendar year 2013. 2009 federal tax form 1040 This adjustment applies to all passenger automobiles (other than trucks and vans) that are first placed in service in calendar year 2013. 2009 federal tax form 1040 (b) Trucks and vans. 2009 federal tax form 1040 To determine the dollar limitations for trucks and vans first placed in service during calendar year 2013, the Service uses the new truck component of the CPI instead of the new car component. 2009 federal tax form 1040 The new truck component of the CPI was 112. 2009 federal tax form 1040 4 for October 1987 and 149. 2009 federal tax form 1040 386 for October 2012. 2009 federal tax form 1040 The October 2012 index exceeded the October 1987 index by 36. 2009 federal tax form 1040 986. 2009 federal tax form 1040 Therefore, the automobile price inflation adjustment for 2013 for trucks and vans is 32. 2009 federal tax form 1040 9 percent (36. 2009 federal tax form 1040 986/112. 2009 federal tax form 1040 4 x 100%). 2009 federal tax form 1040 The dollar limitations in § 280F(a) are multiplied by a factor of 0. 2009 federal tax form 1040 329, and the resulting increases, after rounding to the nearest $100, are added to the 1988 limitations to give the depreciation limitations for trucks and vans. 2009 federal tax form 1040 This adjustment applies to all trucks and vans that are first placed in service in calendar year 2013. 2009 federal tax form 1040 (2) Amount of the limitation. 2009 federal tax form 1040 Tables 1 through 4 contain the dollar amount of the depreciation limitation for each taxable year for passenger automobiles a taxpayer places in service in calendar year 2013. 2009 federal tax form 1040 Use Table 1 for a passenger automobile (other than a truck or van), and Table 2 for a truck or van, placed in service in calendar year 2013 for which the § 168(k) additional first year depreciation deduction applies. 2009 federal tax form 1040 Use Table 3 for a passenger automobile (other than a truck or van), and Table 4 for a truck or van, placed in service in calendar year 2013 for which the § 168(k) additional first year depreciation deduction does not apply. 2009 federal tax form 1040 REV. 2009 federal tax form 1040 PROC. 2009 federal tax form 1040 2013-21 TABLE 1 DEPRECIATION LIMITATIONS FOR PASSENGER AUTOMOBILES (THAT ARE NOT TRUCKS OR VANS) PLACED IN SERVICE IN CALENDAR YEAR 2013 FOR WHICH THE § 168(k) ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION APPLIES Tax Year Amount 1st Tax Year $11,160 2nd Tax Year $5,100 3rd Tax Year $3,050 Each Succeeding Year $1,875 REV. 2009 federal tax form 1040 PROC. 2009 federal tax form 1040 2013-21 TABLE 2 DEPRECIATION LIMITATIONS FOR TRUCKS AND VANS PLACED IN SERVICE IN CALENDAR YEAR 2013 FOR WHICH THE § 168(k) ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION APPLIES Tax Year Amount 1st Tax Year $11,360 2nd Tax Year $5,400 3rd Tax Year $3,250 Each Succeeding Year $1,975 REV. 2009 federal tax form 1040 PROC. 2009 federal tax form 1040 2013-21 TABLE 3 DEPRECIATION LIMITATIONS FOR PASSENGER AUTOMOBILES (THAT ARE NOT TRUCKS OR VANS) PLACED IN SERVICE IN CALENDAR YEAR 2013 FOR WHICH THE § 168(k) ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION DOES NOT APPLY Tax Year Amount 1st Tax Year $3,160 2nd Tax Year $5,100 3rd Tax Year $3,050 Each Succeeding Year $1,875 REV. 2009 federal tax form 1040 PROC. 2009 federal tax form 1040 2013-21 TABLE 4 DEPRECIATION LIMITATIONS FOR TRUCKS AND VANS PLACED IN SERVICE IN CALENDAR YEAR 2013 FOR WHICH THE § 168(k) ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION DOES NOT APPLY Tax Year Amount 1st Tax Year $3,360 2nd Tax Year $5,400 3rd Tax Year $3,250 Each Succeeding Year $1,975 . 2009 federal tax form 1040 02 Inclusions in Income of Lessees of Passenger Automobiles. 2009 federal tax form 1040 A taxpayer must follow the procedures in § 1. 2009 federal tax form 1040 280F-7(a) for determining the inclusion amounts for passenger automobiles first leased in calendar year 2013. 2009 federal tax form 1040 In applying these procedures, lessees of passenger automobiles other than trucks and vans should use Table 5 of this revenue procedure, while lessees of trucks and vans should use Table 6 of this revenue procedure. 2009 federal tax form 1040 REV. 2009 federal tax form 1040 PROC. 2009 federal tax form 1040 2013-21 TABLE 5 DOLLAR AMOUNTS FOR PASSENGER AUTOMOBILES (THAT ARE NOT TRUCKS OR VANS) WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2013 Fair Market Value of Passenger Automobile Tax Year During Lease Over Not Over 1st 2nd 3rd 4th 5th & later $19,000 $19,500 2 4 6 7 8 19,500 20,000 2 5 6 9 9 20,000 20,500 2 5 8 9 11 20,500 21,000 3 6 8 10 12 21,000 21,500 3 6 10 11 13 21,500 22,000 3 7 10 13 14 22,000 23,000 4 8 11 14 16 23,000 24,000 4 9 14 16 18 24,000 25,000 5 10 15 18 21 25,000 26,000 5 12 16 21 23 26,000 27,000 6 12 19 23 25 27,000 28,000 6 14 20 25 28 28,000 29,000 7 15 22 27 30 29,000 30,000 7 16 24 29 33 30,000 31,000 8 17 26 31 35 31,000 32,000 8 19 27 33 38 32,000 33,000 9 20 29 35 40 33,000 34,000 10 21 31 37 43 34,000 35,000 10 22 33 39 45 35,000 36,000 11 23 35 41 48 36,000 37,000 11 25 36 43 50 37,000 38,000 12 26 38 45 53 38,000 39,000 12 27 40 47 55 39,000 40,000 13 28 42 49 58 40,000 41,000 13 29 44 52 59 41,000 42,000 14 30 45 54 63 42,000 43,000 14 32 47 56 64 43,000 44,000 15 33 48 59 67 44,000 45,000 15 34 51 60 69 45,000 46,000 16 35 52 63 72 46,000 47,000 17 36 54 65 74 47,000 48,000 17 38 55 67 77 48,000 49,000 18 39 57 69 79 49,000 50,000 18 40 59 71 82 50,000 51,000 19 41 61 73 84 51,000 52,000 19 42 63 75 87 52,000 53,000 20 43 65 77 89 53,000 54,000 20 45 66 79 92 54,000 55,000 21 46 68 81 94 55,000 56,000 21 47 70 84 96 56,000 57,000 22 48 72 85 99 57,000 58,000 22 50 73 88 101 58,000 59,000 23 51 75 90 103 59,000 60,000 24 52 76 92 106 60,000 62,000 24 54 79 95 110 62,000 64,000 25 56 83 99 115 64,000 66,000 27 58 87 103 120 66,000 68,000 28 60 90 108 125 68,000 70,000 29 63 93 112 130 70,000 72,000 30 65 97 117 134 72,000 74,000 31 68 100 121 139 74,000 76,000 32 70 104 125 144 76,000 78,000 33 73 107 129 149 78,000 80,000 34 75 111 133 154 80,000 85,000 36 79 117 141 162 85,000 90,000 39 85 126 151 174 90,000 95,000 41 91 135 162 186 95,000 100,000 44 97 144 172 199 100,000 110,000 48 106 157 188 217 110,000 120,000 53 118 174 210 241 120,000 130,000 59 129 193 230 266 130,000 140,000 64 141 210 252 290 140,000 150,000 70 153 227 273 315 150,000 160,000 75 165 245 294 339 160,000 170,000 80 177 263 315 363 170,000 180,000 86 189 280 336 388 180,000 190,000 91 201 298 357 412 190,000 200,000 97 212 316 378 436 200,000 210,000 102 224 333 400 461 210,000 220,000 107 236 351 420 486 220,000 230,000 113 248 368 442 509 230,000 240,000 118 260 386 463 534 240,000 And up 124 272 403 484 558 REV. 2009 federal tax form 1040 PROC. 2009 federal tax form 1040 2013-21 TABLE 6 DOLLAR AMOUNTS FOR TRUCKS AND VANS WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2013 Fair Market Value of Truck or Van Tax Year During Lease Over Not Over 1st 2nd 3rd 4th 5th & later $19,000 $19,500 1 3 4 5 6 19,500 20,000 2 3 5 6 7 20,000 20,500 2 4 6 7 8 20,500 21,000 2 5 7 8 9 21,000 21,500 2 5 8 9 11 21,500 22,000 3 6 8 10 12 22,000 23,000 3 7 10 11 14 23,000 24,000 4 8 11 14 16 24,000 25,000 4 9 14 16 18 25,000 26,000 5 10 15 18 21 26,000 27,000 5 12 17 20 23 27,000 28,000 6 13 18 23 25 28,000 29,000 6 14 20 25 28 29,000 30,000 7 15 22 27 30 30,000 31,000 7 16 24 29 33 31,000 32,000 8 17 26 31 35 32,000 33,000 8 19 27 33 38 33,000 34,000 9 20 29 35 41 34,000 35,000 10 21 31 37 43 35,000 36,000 10 22 33 39 46 36,000 37,000 11 23 35 41 48 37,000 38,000 11 25 36 43 51 38,000 39,000 12 26 38 45 53 39,000 40,000 12 27 40 48 55 40,000 41,000 13 28 42 49 58 41,000 42,000 13 29 44 52 60 42,000 43,000 14 30 46 54 62 43,000 44,000 14 32 47 56 65 44,000 45,000 15 33 48 59 67 45,000 46,000 15 34 51 60 70 46,000 47,000 16 35 52 63 72 47,000 48,000 17 36 54 65 74 48,000 49,000 17 38 55 67 77 49,000 50,000 18 39 57 69 79 50,000 51,000 18 40 59 71 82 51,000 52,000 19 41 61 73 84 52,000 53,000 19 42 63 75 87 53,000 54,000 20 43 65 77 89 54,000 55,000 20 45 66 80 91 55,000 56,000 21 46 68 81 94 56,000 57,000 21 47 70 84 96 57,000 58,000 22 48 72 86 98 58,000 59,000 22 50 73 88 101 59,000 60,000 23 51 75 90 103 60,000 62,000 24 52 78 93 108 62,000 64,000 25 55 81 97 113 64,000 66,000 26 57 85 101 118 66,000 68,000 27 60 88 106 122 68,000 70,000 28 62 92 110 127 70,000 72,000 29 64 96 114 132 72,000 74,000 30 67 99 118 137 74,000 76,000 31 69 103 122 142 76,000 78,000 32 72 105 127 147 78,000 80,000 34 73 110 131 151 80,000 85,000 35 78 116 138 160 85,000 90,000 38 84 124 149 172 90,000 95,000 41 90 133 160 184 95,000 100,000 44 95 142 171 196 100,000 110,000 48 104 156 186 214 110,000 120,000 53 116 173 207 240 120,000 130,000 58 128 191 228 264 130,000 140,000 64 140 208 249 288 140,000 150,000 69 152 226 270 313 150,000 160,000 75 164 243 292 336 160,000 170,000 80 176 261 312 361 170,000 180,000 85 188 278 334 386 180,000 190,000 91 199 296 355 410 190,000 200,000 96 211 314 376 434 200,000 210,000 101 223 332 397 459 210,000 220,000 107 235 349 418 483 220,000 230,000 112 247 367 439 507 230,000 240,000 118 259 384 460 532 240,000 And up 123 271 401 482 556 SECTION 5. 2009 federal tax form 1040 EFFECTIVE DATE This revenue procedure applies to passenger automobiles that a taxpayer first places in service or first leases during calendar year 2013. 2009 federal tax form 1040 SECTION 6. 2009 federal tax form 1040 DRAFTING INFORMATION The principal author of this revenue procedure is Bernard P. 2009 federal tax form 1040 Harvey of the Office of Associate Chief Counsel (Income Tax & Accounting). 2009 federal tax form 1040 For further information regarding this revenue procedure, contact Mr. 2009 federal tax form 1040 Harvey at (202) 622-4930 (not a toll-free call). 2009 federal tax form 1040 Prev  Up  Next   Home   More Internal Revenue 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