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2010 Tax Tables Federal

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2010 Tax Tables Federal

2010 tax tables federal 19. 2010 tax tables federal   Ajustes Tributarios por Estudios Table of Contents Introduction Useful Items - You may want to see: Deducción por Intereses sobre Préstamos de EstudiosDefinición de los Intereses sobre Préstamos de Estudios ¿Puede Reclamar la Deducción? ¿Cuánto Puede Deducir? ¿Cómo Calcular la Deducción? Deducción por Matrícula y Cuotas Escolares¿Puede Reclamar la Deducción? Gastos que Califican Estudiante que Reúne los Requisitos Quién Puede Reclamar los Gastos de un Dependiente Cuánto se Puede Deducir Gastos del Educador Introduction Este capítulo trata de ajustes relacionados con la educación que puede deducir al calcular el ingreso bruto ajustado. 2010 tax tables federal Este capítulo incluye información sobre la deducción por intereses sobre préstamos de estudios, la deducción de matrículas y cuotas escolares y la deducción por gastos del educador. 2010 tax tables federal Useful Items - You may want to see: Publicación 970 Tax Benefits for Education (Beneficios tributarios por estudios), en inglés Deducción por Intereses sobre Préstamos de Estudios Por lo general, los intereses personales que pague, salvo ciertos intereses hipotecarios, no son deducibles en la declaración de impuestos. 2010 tax tables federal No obstante, si su ingreso bruto ajustado modificado (MAGI, por sus siglas en inglés) es menos de $75,000 ($155,000 si presenta una declaración conjunta), se permite una deducción especial por los intereses pagados sobre préstamos de estudios (también conocidos como préstamos educativos) utilizados para enseñanza superior. 2010 tax tables federal Para la mayoría de los contribuyentes, el MAGI es el ingreso bruto ajustado en la declaración de impuestos federales sobre el ingreso antes de restar deducción alguna por intereses sobre préstamos de estudios. 2010 tax tables federal Esta deducción puede reducir la cantidad de su ingreso sujeto a impuestos hasta un máximo de $2,500 en el año 2013. 2010 tax tables federal La Tabla 19-1 resume características de la deducción por intereses sobre préstamos de estudios. 2010 tax tables federal Tabla 19-1. 2010 tax tables federal Resumen de la Deducción por Intereses sobre Préstamos de Estudios No se base únicamente en esta tabla. 2010 tax tables federal Consulte el texto para más detalles. 2010 tax tables federal Característica Descripción Beneficio máximo Puede reducir su ingreso tributable hasta un máximo de $2,500. 2010 tax tables federal Requisitos para obtener un préstamo Su préstamo de estudios: •  tiene que haber sido obtenido sólo para pagar gastos de estudios calificados y   • no puede ser de un pariente ni puede haberse hecho conforme a un plan calificado provisto por su empleador. 2010 tax tables federal Requisitos para estudiantes El estudiante tiene que: • ser usted, su cónyuge o su dependiente y   • estar matriculado por lo menos a tiempo parcial en un programa que lleve a obtener un título, certificación o cualquier otra credencial educacional en una institución educativa que reúne los requisitos. 2010 tax tables federal Plazo de la deducción Puede deducir intereses pagados durante el período que quede del préstamo de estudios. 2010 tax tables federal Eliminación gradual por fases La cantidad a deducir depende del nivel de ingresos. 2010 tax tables federal Definición de los Intereses sobre Préstamos de Estudios Los “intereses sobre préstamos de estudios” son intereses que usted pagó durante el año sobre un préstamo de estudios calificado. 2010 tax tables federal Incluyen tanto pagos de intereses obligatorios como pagos de intereses voluntarios. 2010 tax tables federal Préstamo de estudios calificado Éste es un préstamo que se obtuvo únicamente para pagar gastos de estudios calificados (definidos más adelante) que fueran: Para usted, su cónyuge o una persona que fue dependiente de usted (según se define en el capítulo 3) cuando obtuvo el préstamo; Pagados o incurridos dentro de un plazo razonable antes o después de que obtuviera el préstamo y Para estudios provistos durante un período académico cuando un estudiante reúne los requisitos. 2010 tax tables federal Los préstamos de las siguientes fuentes no son préstamos de estudios calificados: Un pariente. 2010 tax tables federal Un plan calificado proporcionado por un empleador. 2010 tax tables federal Excepciones. 2010 tax tables federal   Para propósitos de la deducción de intereses sobre un préstamo de estudios, las siguientes excepciones corresponden a las reglas generales para dependientes: Una persona puede ser su dependiente aunque usted mismo sea el dependiente de otro contribuyente. 2010 tax tables federal Una persona puede ser su dependiente aunque dicha persona presente una declaración conjunta con un cónyuge. 2010 tax tables federal Una persona puede ser su dependiente aunque dicha persona tuviera un ingreso bruto ese año que fuera igual o superior a la cantidad de exención para el año ($3,900 para el año 2013). 2010 tax tables federal Plazo razonable. 2010 tax tables federal   Los gastos de estudios calificados se consideran pagados u ocasionados dentro de un plazo razonable, antes o después de obtener el préstamo, si se pagan con fondos de préstamos de estudios que son parte de un programa federal de préstamos de estudios postsecundarios. 2010 tax tables federal   Aun si no se pagan con fondos de dicho tipo de préstamo, los gastos se consideran pagados u ocasionados dentro de un plazo razonable si se reúnen los dos siguientes requisitos: Los gastos se relacionan con un período académico específico. 2010 tax tables federal Los fondos del préstamo se desembolsan dentro de un período que comience 90 días antes del período académico y termine 90 días después del fin de dicho período. 2010 tax tables federal   Si ninguna de las situaciones indicadas anteriormente le corresponde, el plazo razonable se determina basándose en todos los hechos y circunstancias pertinentes. 2010 tax tables federal Período académico. 2010 tax tables federal   Un período académico incluye un semestre, trimestre, un cuatrimestre del año escolar u otro período de estudios (tal como un curso escolar de verano) según lo determine de manera razonable una institución de enseñanza superior. 2010 tax tables federal En el caso de una institución de enseñanza superior que no tenga períodos académicos, sino horas de crédito u horas de reloj, cada período de pago se puede considerar un período académico. 2010 tax tables federal Estudiante que reúne los requisitos. 2010 tax tables federal   Es un estudiante que estaba matriculado por lo menos a medio tiempo en un programa para obtener una licenciatura, un certificado u otro título educativo reconocido. 2010 tax tables federal Matriculado por lo menos a medio tiempo. 2010 tax tables federal   Un estudiante se considera que estaba matriculado por lo menos a medio tiempo si estaba tomando al menos la mitad de los cursos normales a tiempo completo de su programa de estudios. 2010 tax tables federal   Cada institución de enseñanza superior que reúna los requisitos establece lo que se considera la mitad de la carga académica habitual para ser estudiante a tiempo completo. 2010 tax tables federal No obstante, este estándar establecido no puede ser inferior a cualquiera que haya establecido el Departamento de Educación de los Estados Unidos conforme a la Higher Education Act (Ley de Enseñanza Superior) de 1965. 2010 tax tables federal Pariente. 2010 tax tables federal   No puede deducir intereses sobre un préstamo que obtenga de un pariente. 2010 tax tables federal Los parientes incluyen: Su cónyuge; Sus hermanos y hermanas; Sus medios hermanos y medias hermanas; Sus antecesores (padres, abuelos, etc. 2010 tax tables federal ); Sus descendientes en línea directa (hijos, nietos, etc. 2010 tax tables federal ) y Ciertas sociedades anónimas, sociedades colectivas, fideicomisos y organizaciones exentas de impuestos. 2010 tax tables federal Plan calificado proporcionado por un empleador. 2010 tax tables federal   No puede deducir intereses sobre un préstamo conforme a un plan calificado proporcionado por un empleador o bajo un contrato comprado conforme a tal plan. 2010 tax tables federal Gastos de Estudios Calificados Para propósitos de la deducción por intereses sobre préstamos de estudios, estos gastos son el total del costo de asistir a una institución de enseñanza superior que reúna los requisitos, incluyendo instituciones para estudios de posgrado. 2010 tax tables federal Incluyen cantidades pagadas por los siguientes conceptos: Matrícula y cuotas escolares. 2010 tax tables federal Alojamiento y comida. 2010 tax tables federal Libros, materiales y equipo. 2010 tax tables federal Otros gastos necesarios (tales como los de transporte). 2010 tax tables federal Los gastos de alojamiento y comida reúnen los requisitos sólo en la medida en que no sobrepasen las siguientes cantidades: La asignación para alojamiento y comida, según lo determine la institución de enseñanza superior correspondiente, que se incluyó en los gastos de asistencia a dicha institución (para propósitos de ayuda financiera federal) durante un período académico específico y alojamiento del estudiante, o Si es mayor, la cantidad exacta cobrada si el estudiante vive en alojamiento que sea propiedad de la institución de enseñanza superior que reúna los requisitos o sea operado por la misma. 2010 tax tables federal Institución de enseñanza superior que reúne los requisitos. 2010 tax tables federal   Una institución de enseñanza superior que reúne los requisitos es todo colegio universitario, universidad, escuelas de enseñanza técnica u otra institución de enseñanza superior todas con derecho a participar en un programa de asistencia financiera al estudiante, administrado por el Departamento de Educación de los Estados Unidos. 2010 tax tables federal Esta clase de institución abarca prácticamente todas las instituciones acreditadas de enseñanza superior públicas y sin fines de lucro así como las privadas con fines de lucro. 2010 tax tables federal   Determinadas instituciones de enseñanza superior ubicadas fuera de los Estados Unidos participan también en los programas de asistencia financiera al estudiante (Federal Student Aid (FSA, por sus siglas en inglés)) del Departamento de Educación de los Estados Unidos. 2010 tax tables federal   Para propósitos de la deducción por intereses sobre préstamos de estudios, una institución de enseñanza superior que reúne los requisitos incluye también una institución que administre un programa de estudiantes practicantes o de residencia para recibir un título universitario o un certificado de una institución de enseñanza superior, un hospital o un centro de atención médica que ofrezca capacitación de posgrado. 2010 tax tables federal   Una institución de enseñanza superior tiene que reunir los criterios establecidos en el párrafo anterior solamente durante el (los) período(s) académico(s) para el (los) cual(es) se incurrió el préstamo de estudios. 2010 tax tables federal La posibilidad de deducir los intereses sobre el préstamo no se ve afectada si la institución deja de reunir los requisitos más tarde. 2010 tax tables federal    La institución de enseñanza superior debe poder indicarle si la misma reúne los requisitos. 2010 tax tables federal Ajustes tributarios a gastos de estudios calificados. 2010 tax tables federal   Tiene que reducir sus gastos de estudios calificados por ciertos artículos exentos de impuestos (tales como la parte exenta de impuestos de becas de estudios y becas de investigación (becas de desarrollo profesional)). 2010 tax tables federal Vea el capítulo 4 de la Publicación 970, en inglés, para más detalles. 2010 tax tables federal Incluya estas Partidas como Intereses Además de los intereses simples sobre el préstamo, ciertos costos originarios del préstamo, intereses capitalizados, intereses sobre líneas de crédito rotativas e intereses sobre préstamos de estudios refinanciados pueden ser intereses sobre préstamos de estudios si se reúnen todos los demás requisitos. 2010 tax tables federal Costo originario del préstamo. 2010 tax tables federal   Normalmente, esto es un cargo que el prestamista cobra solamente una vez, al hacer un préstamo. 2010 tax tables federal Para ser deducible como intereses, dicho cargo tiene que ser por el uso de dinero en vez de bienes o servicios (como cargos por compromisos o costos de tramitación) proporcionados por el prestamista. 2010 tax tables federal Un costo originario del préstamo tratado como intereses se acumula a lo largo del plazo del préstamo. 2010 tax tables federal Intereses capitalizados. 2010 tax tables federal    Son intereses por pagar sobre un préstamo de estudios que el prestamista añade al saldo pendiente del capital del préstamo. 2010 tax tables federal Intereses sobre líneas de crédito rotativas. 2010 tax tables federal   Estos intereses, los cuales incluyen interés sobre deudas de tarjetas de crédito, es interés sobre préstamos de estudios si el prestatario usa la línea de crédito (tarjeta de crédito) sólo para pagar gastos de estudios calificados. 2010 tax tables federal Vea Gastos de Estudios Calificados , anteriormente. 2010 tax tables federal Intereses sobre préstamos de estudios refinanciados. 2010 tax tables federal   Incluyen intereses sobre lo siguiente: Préstamos consolidados —préstamos que se usan para refinanciar más de un préstamo de estudios del mismo prestatario y Préstamos conjuntos —dos o más préstamos del mismo prestatario que son tratados como un solo préstamo tanto por el prestamista como por el prestatario. 2010 tax tables federal Si refinancia un préstamo de estudios calificado por más del préstamo original y usa la cantidad adicional para algún propósito que no sea gastos de estudios calificados, no puede deducir los intereses pagados sobre el préstamo refinanciado. 2010 tax tables federal Pagos de intereses voluntarios. 2010 tax tables federal   Son pagos hechos sobre un préstamo de estudios calificado durante un período en el que los pagos de intereses no son obligatorios, por ejemplo, si al prestatario se le ha concedido un aplazamiento o si todavía no han empezado los reintegros del préstamo. 2010 tax tables federal No Incluya estas Partidas como Intereses No puede reclamar una deducción de intereses sobre préstamos de estudios por: Intereses que pagó sobre un préstamo si, según las condiciones del mismo, usted no está obligado legalmente a hacer pagos de intereses. 2010 tax tables federal Costos originarios del préstamo pagados por propiedad o servicios proporcionados por el prestamista, tales como cargos por compromiso o costos de tramitación. 2010 tax tables federal Intereses que pagó sobre un préstamo en la medida en que los pagos hayan sido hechos a través de su participación en el National Health Service Corps Loan Repayment Program (Programa para Reintegros de Préstamos del Cuerpo Nacional de Servicios de Salud), conocido también como el “ NHSC Loan Repayment Program ” (Programa para Reintegros de Préstamos del NHSC) o a través de otros programas de asistencia para el reintegro de préstamos. 2010 tax tables federal Para más información, vea Student Loan Repayment Assistance (Asistencia para el reintegro de préstamos de estudios) en el capítulo 5 de la Publicación 970, en inglés. 2010 tax tables federal ¿Puede Reclamar la Deducción? Normalmente, puede reclamar la deducción si se cumplen todos los requisitos siguientes: Su estado civil para efectos de la declaración es cualquier estado civil excepto casado que presenta su declaración por separado. 2010 tax tables federal Nadie más reclama una exención por usted en su declaración de impuestos. 2010 tax tables federal Está obligado por ley a pagar intereses sobre un préstamo de estudios calificado. 2010 tax tables federal Usted pagó intereses sobre un préstamo de estudios calificado. 2010 tax tables federal Intereses pagados por otros. 2010 tax tables federal   Si usted es la persona legalmente obligada a pagar intereses y otra persona los paga por usted, a usted se le trata como si hubiese recibido el pago de la otra persona y, a su vez, hubiese pagado los intereses. 2010 tax tables federal Vea el capítulo 4 de la Publicación 970, en inglés, para más información. 2010 tax tables federal No se Permite Beneficio Doble No puede deducir como intereses sobre un préstamo de estudios una cantidad que sea deducible conforme a alguna otra disposición de la ley tributaria (por ejemplo, intereses hipotecarios). 2010 tax tables federal ¿Cuánto Puede Deducir? Su deducción por intereses sobre préstamos de estudios para el año 2013 es normalmente la cantidad que sea menor entre: $2,500 o Los intereses que usted pagó en el año 2013. 2010 tax tables federal Sin embargo, la cantidad determinada anteriormente se reduce paulatinamente si su MAGI está entre $60,000 y $75,000 ($125,000 y $155,000 si presenta una declaración conjunta). 2010 tax tables federal No puede tomar una deducción por intereses sobre préstamos de estudios si su MAGI es $75,000 o más ($155,000 o más si presenta una declaración conjunta). 2010 tax tables federal Para más detalles sobre cómo calcular su MAGI, vea el capítulo 4 de la Publicación 970, en inglés. 2010 tax tables federal ¿Cómo Calcular la Deducción? Para calcular la deducción, se suele usar la Student Loan Interest Deduction Worksheet (Hoja de trabajo de la deducción de intereses sobre préstamos de estudios), de las instrucciones del Formulario 1040 o del Formulario 1040A. 2010 tax tables federal No obstante, si presenta el Formulario 2555, 2555-EZ o 4563, o si excluye ingresos de fuentes dentro de Puerto Rico, tiene que llenar la Hoja de Trabajo 4-1 del capítulo 4 de la Publicación 970, en inglés. 2010 tax tables federal Para ayudarle a calcular la deducción por intereses sobre préstamos de estudios, debe recibir el Formulario 1098-E, Student Loan Interest Statement (Declaración de intereses sobre préstamos de estudios), en inglés. 2010 tax tables federal Generalmente, una institución (como un banco o una agencia gubernamental) que recibió pagos de intereses de $600 o más durante el año 2013 sobre uno o más préstamos de estudios calificados tiene que enviarle el Formulario 1098-E (o documento sustitutivo aceptable) a cada prestatario a más tardar el 31 de enero del año 2014. 2010 tax tables federal Para los préstamos de estudios calificados que se obtuvieron antes del 1 de septiembre de 2004, la institución está obligada a anotar en el Formulario 1098-E solamente los pagos de intereses establecidos. 2010 tax tables federal Puede ser que otros pagos de intereses, tales como ciertos costos originarios del préstamo e intereses capitalizados, no aparezcan en el formulario que usted reciba. 2010 tax tables federal No obstante, si paga intereses calificados que no se incluyen en el Formulario 1098-E, también puede deducir esas cantidades. 2010 tax tables federal Para información sobre cómo dividir pagos de intereses y pagos de capital, vea el capítulo 4 de la Publicación 970, en inglés. 2010 tax tables federal Para reclamar la deducción, anote la cantidad permisible en la línea 33 del Formulario 1040 o la línea 18 del Formulario 1040A. 2010 tax tables federal Deducción por Matrícula y Cuotas Escolares Quizás pueda deducir los gastos de estudios calificados que haya pagado durante el año para usted, su cónyuge o dependiente(s). 2010 tax tables federal No puede reclamar esta deducción si su estado civil para efectos de la declaración es casado que presenta la declaración por separado o si otra persona puede reclamar una exención por usted como dependiente en la declaración de impuestos de él o ella. 2010 tax tables federal Los gastos calificados tienen que ser por educación superior, tal como se explica más adelante en Gastos que Califican . 2010 tax tables federal La deducción por matrícula y cuotas escolares puede reducir la cantidad de sus ingresos sujetos a impuesto por hasta $4,000. 2010 tax tables federal La Tabla 19-2 resume las características de la deducción por matrícula y cuotas escolares. 2010 tax tables federal Quizás pueda tomar un crédito por sus gastos de estudios en lugar de una deducción. 2010 tax tables federal Puede escoger la opción que le proporcione una cantidad de impuesto menor. 2010 tax tables federal Vea el capítulo 35, Créditos Tributarios por Estudios , para saber detalles sobre los créditos. 2010 tax tables federal ¿Puede Reclamar la Deducción? Las siguientes reglas le pueden ayudar a determinar si puede reclamar la deducción por matrícula y cuotas escolares. 2010 tax tables federal Quién Puede Reclamar la Deducción La deducción por matrícula y gastos de estudios normalmente se puede reclamar si usted cumple los tres siguientes requisitos: Pagó gastos de educación superior calificados en 2013 para los períodos académicos que comienzan en 2013 y los que comienzan en los primeros tres meses de 2014. 2010 tax tables federal Pagó los gastos de estudios de un estudiante que reúne los requisitos. 2010 tax tables federal El estudiante que cumple los requisitos es usted mismo, su cónyuge o dependiente por el cual reclama una exención (que se define en el capítulo 3) en su declaración de impuestos. 2010 tax tables federal Los gastos de estudios calificados se definen bajo Gastos que Califican . 2010 tax tables federal La definición de “estudiantes que reúnen los requisitos” se puede ver más adelante bajo Estudiante que Reúne los Requisitos . 2010 tax tables federal Quién No Puede Reclamar la Deducción No puede reclamar la deducción por matrícula y cuotas escolares si le corresponde cualquiera de las siguientes situaciones: Su estado civil para efectos de la declaración de impuestos es casado que presenta por separado. 2010 tax tables federal Otra persona puede reclamar una exención por usted en la declaración de impuestos de él o ella. 2010 tax tables federal Usted no puede tomar la deducción aun si la otra persona de hecho no reclama la exención. 2010 tax tables federal Su MAGI es mayor que $80,000 ($160,000 si presenta una declaración conjunta). 2010 tax tables federal Usted (o su cónyuge) era un extranjero no residente en cualquier momento durante el año 2013 y dicho extranjero no residente no optó por ser tratado como extranjero residente para propósitos tributarios. 2010 tax tables federal Puede leer más información sobre extranjeros no residentes en la Publicación 519, U. 2010 tax tables federal S. 2010 tax tables federal Tax Guide for Aliens (Guía tributaria para extranjeros), en inglés. 2010 tax tables federal Usted o cualquier otra persona puede reclamar un crédito tributario de oportunidad para los estadounidenses o un crédito vitalicio por aprendizaje en el año 2013 en lo que concierne a los gastos del estudiante por el cual se pagaron gastos de estudios calificados. 2010 tax tables federal No obstante, el recibir un crédito por parte de su estado no lo descalifica de reclamar una deducción por matrícula y cuotas. 2010 tax tables federal Tabla 19-2. 2010 tax tables federal Resumen de las Características de la Deducción por Matrícula y Cuotas Escolares No se base únicamente en lo que aparece en esta tabla. 2010 tax tables federal Consulte el texto de este capítulo para más detalles. 2010 tax tables federal Pregunta Respuesta ¿Cuál es la cantidad máxima del beneficio? Usted puede reducir la cantidad de sus ingresos sujetos a impuestos por hasta $4,000. 2010 tax tables federal ¿Dónde se toma la deducción? Se toma como ajuste a los ingresos en la línea 34 del Formulario 1040 o en la línea 19 del Formulario 1040A. 2010 tax tables federal ¿Para quién tienen que ser pagados los gastos? Un estudiante que está matriculado en una institución de enseñanza superior que reúne los requisitos quien es: usted, su cónyuge o su dependiente por el cual reclama una exención. 2010 tax tables federal ¿Qué matrícula y cuotas escolares son deducibles? La matrícula y cuotas escolares requeridas para matricularse o para asistir a una institución de enseñanza superior que reúne los requisitos, pero que no incluyen gastos personales, de manutención ni gastos de familia, tales como alojamiento y comida. 2010 tax tables federal Gastos que Califican La deducción por matrícula y cuotas escolares se basa en los gastos de estudios calificados que paga por usted mismo, su cónyuge o por un dependiente por el cual usted reclama una exención en su declaración de impuestos. 2010 tax tables federal La deducción normalmente se permite por gastos de estudios calificados que fueron pagados en el año 2013 relacionados con la matriculación en una institución de educación superior durante el año 2013 o por un período académico (que se definió anteriormente bajo Deducción por Intereses sobre Préstamos de Estudios ) comenzando en 2013 o en los primeros 3 meses de 2014. 2010 tax tables federal Pagos hechos con fondos de un préstamo. 2010 tax tables federal   Puede reclamar una deducción por matrícula y cuotas escolares en base de gastos de estudios calificados que pagó con los fondos de un préstamo. 2010 tax tables federal Utilice los gastos para calcular la deducción para el año en que se pagaron los gastos, no para el año en que se liquidó el préstamo. 2010 tax tables federal Trate los pagos del préstamo que fueron enviados directamente a la institución de educación como si hubieran sido pagados en la fecha en que dicha institución abona la cuenta del estudiante. 2010 tax tables federal Estudiante que se da de baja de su(s) clase(s). 2010 tax tables federal   Usted puede reclamar una deducción por matrícula y cuotas escolares en base de gastos de estudios calificados que no se reembolsan cuando un estudiante se da de baja (retira) de su(s) clase(s). 2010 tax tables federal Gastos de Estudios Calificados Para propósitos de la deducción por matrícula y cuotas escolares, los gastos de estudios calificados son la matrícula y ciertos gastos relacionados que son requisitos para la matriculación o asistencia en una institución de educación superior que reúne los requisitos. 2010 tax tables federal Institución de educación que reúne los requisitos. 2010 tax tables federal   Una “institución de educación superior que reúne los requisitos” es cualquier colegio universitario, universidad, escuela de enseñanza técnica u otra institución de enseñanza superior con derecho a participar en un programa de asistencia financiera al estudiante, administrado por el Departamento de Educación de los Estados Unidos. 2010 tax tables federal Incluye prácticamente a casi todas las instituciones acreditadas de enseñanza superior públicas y sin fines de lucro así como las privadas con fines de lucro. 2010 tax tables federal La institución de educación superior deberá poder indicarle si la misma reúne los requisitos. 2010 tax tables federal   Ciertas instituciones de educación ubicadas fuera de los Estados Unidos participan también en los programas de FSA del Departamento de Educación de los Estados Unidos. 2010 tax tables federal Período académico. 2010 tax tables federal   Un período académico abarca un semestre, trimestre, un cuatrimestre o cualquier otro período de estudios según lo determine de manera razonable una institución de educación que reúne los requisitos. 2010 tax tables federal Si una institución de educación que reúne los requisitos no tiene períodos académicos sino horas de crédito, cada período de pago se puede considerar como un período académico. 2010 tax tables federal Gastos relacionados. 2010 tax tables federal   Las cuotas correspondientes a las actividades escolares y los gastos incurridos por los textos, útiles y equipo escolares se incluyen en los gastos de estudios calificados únicamente si las cuotas y gastos tienen que ser pagados a la institución como requisito de la matriculación o asistencia en dicha institución. 2010 tax tables federal Gastos pagados por adelantado. 2010 tax tables federal   Gastos de estudios calificados pagados en el año 2013 para un período académico que comienza en los primeros tres meses de 2014, sólo se pueden utilizar para calcular la deducción por matrícula y cuotas escolares de 2013. 2010 tax tables federal Vea Período académico, anteriormente. 2010 tax tables federal Por ejemplo, si usted paga $2,000 en diciembre de 2013 para matrícula calificada por el cuatrimestre del invierno de 2014 que comienza en enero de 2014, puede utilizar los $2,000 en el cálculo de la deducción por matrícula y cuotas escolares sólo para 2013, únicamente si reúne todos los otros requisitos. 2010 tax tables federal No puede utilizar cantidad alguna que pagó en 2012 ó 2014 para calcular los gastos de estudios calificados que utiliza para el cálculo de su deducción por matrícula y cuotas escolares de 2013. 2010 tax tables federal No Se Permite Beneficio Doble No se le permite deducir lo siguiente: Los gastos de estudios calificados que usted deduce conforme a cualquier otra disposición de la ley, como, por ejemplo, un gasto de negocios. 2010 tax tables federal Los gastos de estudios calificados de un estudiante en su declaración de impuestos si usted o cualquier otra persona reclama un crédito tributario de oportunidad para los estadounidenses o un crédito vitalicio por aprendizaje por el mismo estudiante en el mismo año. 2010 tax tables federal Los gastos de estudios calificados que se utilizaron para calcular la parte libre de impuestos de una distribución proveniente de una cuenta Coverdell de ahorros para la educación (ESA, por sus siglas en inglés) o de un programa de matrículas calificado (QTP, por sus siglas en inglés). 2010 tax tables federal En el caso de un QTP, esto corresponde sólo a la cantidad de ganancias exentas de impuesto que fueron distribuidas, no a la recuperación de las contribuciones hechas al programa. 2010 tax tables federal Vea los temas titulados Figuring the Taxable Portion of a Distribution (Cálculo de la parte sujeta a impuesto de una distribución) del capítulo 7 (Coverdell Education Savings Account (ESA) (Cuenta Coverdell de ahorros para la educación (ESA)) y del capítulo 8 (Qualified Tuition Progam (QTP)) (Programa de matrícula calificado (QTP)), de la Publicación 970, en inglés. 2010 tax tables federal Los gastos de estudios calificados que han sido pagados con intereses exentos de impuestos provenientes de un bono de ahorros de los Estados Unidos (Formulario 8815, en inglés). 2010 tax tables federal Vea Figuring the Tax-Free Amount (Cálculo de la cantidad libre de impuestos), en el capítulo 10 de la Publicación 970, en inglés. 2010 tax tables federal Los gastos de estudios calificados que han sido pagados con ayuda económica para los estudios que estén exentos de impuestos, tales como becas de estudios, subvenciones o ayuda económica para los estudios provista por el empleador. 2010 tax tables federal Vea a continuación el tema titulado Ajustes a los gastos de estudios calificados. 2010 tax tables federal Ajustes a los gastos de estudios calificados. 2010 tax tables federal   Para cada estudiante, se tienen que reducir los gastos de estudios calificados pagados por o en nombre de dicho estudiante bajo las siguientes reglas. 2010 tax tables federal El resultado es el ajuste a los gastos de estudios calificados por cada estudiante. 2010 tax tables federal Ayuda económica para los estudios exenta de impuestos. 2010 tax tables federal   Por la ayuda económica para los estudios exenta de impuestos que recibió en 2013, tiene que reducir los gastos de estudios calificados para cada período académico por la cantidad de la ayuda económica para los estudios exenta de impuestos de dicho período. 2010 tax tables federal Vea Período académico, anteriormente. 2010 tax tables federal   Dicha asistencia incluye: La parte libre de impuestos de becas de estudios y becas de investigación (becas de desarrollo profesional), incluidas las subvenciones federales Pell (vea el capítulo 1 de la Publicación 970); La parte libre de impuestos de toda ayuda económica para estudios provista por el empleador (vea el capítulo 11 de la Publicación 970); Ayuda económica para estudios ofrecida a veteranos (vea el capítulo 1 de la Publicación 970) y Todo otro pago exento de impuestos (que no sean regalos o herencias) que se recibe en concepto de ayuda para estudios. 2010 tax tables federal   Por lo general, todas las becas de estudios o becas de investigación (becas de desarrollo profesional) son tratadas como una ayuda económica para los estudios exenta de impuestos. 2010 tax tables federal Sin embargo, una beca de estudios o beca de investigación (becas de desarrollo profesional) no será tratada como asistencia exenta de impuestos al punto de que es incluida como ingreso bruto (si tiene que presentar una declaración de impuestos) para el año que reciba la beca de estudios o para investigación (becas de desarrollo profesional) si uno de estos dos puntos aplica: La beca de estudios o beca de investigación (becas de desarrollo profesional) (o cualquier parte de dicha beca) tiene que ser aplicada (por sus condiciones) a gastos (como de alojamiento y comida) que no sean gastos de estudios calificados como se define en el capítulo 1, Qualified education expenses (Gastos de educación calificados), de la Publicación 970, en inglés. 2010 tax tables federal La beca de estudios o beca de investigación (becas de desarrollo profesional) (o cualquier parte de dicha beca) puede ser aplicada (por sus condiciones) a gastos (como de alojamiento y comida) que no sean gastos de estudios calificados como se define en el capítulo 1, Qualified education expenses (Gastos de estudios calificados), de la Publicación 970, en inglés. 2010 tax tables federal    Podría aumentar el valor combinado de la deducción por matrícula y cuotas escolares y cierta ayuda económica para los estudios si incluye alguna parte o toda la ayuda económica para los estudios en sus ingresos en el año en que recibió dicha ayuda. 2010 tax tables federal Para detalles, vea Adjustments to Qualified Education Expenses (Ajustes a los gastos de estudios calificados), en el capítulo 6 de la Publicación 970, en inglés. 2010 tax tables federal   Cierta ayuda económica para los estudios exenta de impuestos recibida después de 2013 podría ser considerada como un reembolso de gastos de estudios calificados que se pagó en 2013. 2010 tax tables federal La ayuda económica para los estudios exenta de impuestos incluye toda ayuda económica para los estudios exenta de impuestos que usted o cualquier otra persona ha recibido después de 2013 por gastos de estudios calificados pagados en nombre de un estudiante en 2013 (o atribuible a la matriculación en una institución educativa calificada durante 2013). 2010 tax tables federal   Si la ayuda económica para los estudios exenta de impuestos se recibe después de 2013 pero antes de presentar su declaración de impuestos sobre los ingresos para 2013, vea Reembolsos recibidos después de 2013 pero antes de presentar su declaración de impuestos sobre los ingresos, más adelante. 2010 tax tables federal Si la ayuda económica para los estudios exenta de impuestos se recibe después de 2013 y después de que presenta su declaración de impuestos sobre los ingresos para 2013, vea Reembolsos recibidos después de 2013 y después de presentar su declaración de impuestos sobre los ingresos, más adelante. 2010 tax tables federal Reembolsos. 2010 tax tables federal   Un reembolso de gastos de estudios calificados puede reducir los ajustes a los gastos de estudios calificados por el año tributable o puede requerir que reintegre parte o el total del reembolso en su ingreso bruto para el año en que recibe el reembolso. 2010 tax tables federal Vea el capítulo 6 de la Publicación 970 para obtener más información. 2010 tax tables federal Alguna ayuda económica para los estudios exenta de impuestos recibida después de 2013 puede ser tratada como un reembolso. 2010 tax tables federal Vea Ayuda económica para los estudios exenta de impuestos, anteriormente. 2010 tax tables federal Reembolsos recibidos en 2013. 2010 tax tables federal   Por cada estudiante, calcule los gastos de estudios calificados ajustados de 2013 sumando todos los gastos de estudios calificados pagados en 2013 y restando todos los reembolsos de esos gastos recibidos de la institución educativa que reúne los requisitos durante 2013. 2010 tax tables federal Reembolsos recibidos después de 2013 pero antes de presentar su declaración de impuestos sobre los ingresos. 2010 tax tables federal   Si alguien recibe un reembolso después de 2013 por gastos de estudios calificados pagados en nombre de un estudiante en 2013 y el reembolso es recibido antes de presentar su declaración de impuestos sobre los ingresos de 2013, reduzca la cantidad de gastos de estudios calificados de 2013 por la cantidad del reembolso. 2010 tax tables federal Reembolsos recibidos después de 2013 y después de presentar su declaración de impuestos sobre los ingresos. 2010 tax tables federal   Si recibe un reembolso después de 2013 por gastos de estudios calificados pagados en 2013 y el reembolso es recibido después de presentar su declaración de impuestos sobre los ingresos de 2013, puede ser que tenga que incluir parte o todo el reembolso en su ingreso bruto del año en que recibió el reembolso. 2010 tax tables federal Vea el capítulo 6 de la Publicación 970, en inglés, para más información. 2010 tax tables federal Coordinación con cuentas Coverdell de ahorros para la educación y programas calificados de matrícula. 2010 tax tables federal   Debe reducir sus gastos de estudios calificados por los gastos de estudios calificados utilizados para calcular la exclusión del ingreso bruto de (a) los intereses recibidos bajo un programa de bonos de ahorro educativos o (b) cualquier distribución desde una cuenta Coverdell de ahorros para la educación o programa calificado de matrícula (QTP, por sus siglas en inglés). 2010 tax tables federal Para un programa QTP, esto se aplica solamente a la cantidad exenta de impuestos que fueron distribuidos, no a la recuperación de contribuciones al programa. 2010 tax tables federal Cantidades que no reducen los gastos de estudios calificados. 2010 tax tables federal   No reduzca los gastos de estudios calificados por las cantidades pagadas con fondos que el estudiante ha recibido por concepto de: Pagos por prestar servicios, como salarios, Un préstamo, Un regalo, Una herencia o Un retiro de fondos de una cuenta de ahorros personal del estudiante. 2010 tax tables federal   No reduzca los gastos de estudios calificados por cantidades de becas de estudios o becas de investigación (becas de desarrollo profesional) que se declaran como ingresos en la declaración de impuestos del estudiante en las siguientes circunstancias: El uso de dinero se restringe, por los términos de la beca de estudios o beca de investigación (becas de desarrollo profesional), a los costos de asistencia (como alojamiento y comida) que no sean gastos de estudios calificados. 2010 tax tables federal El uso de dinero no se restringe. 2010 tax tables federal Gastos que no Califican Los gastos de estudios calificados no incluyen cantidades pagadas en concepto de: Seguros; Gastos médicos (incluidas las cuotas del seguro médico escolar ofrecido por la institución); Alojamiento y comida; Transporte o Gastos personales, de manutención o relacionados a la familia que sean semejantes. 2010 tax tables federal Esto corresponde aun si se tienen que pagar dichas cantidades a la institución como requisito de matriculación o asistencia. 2010 tax tables federal Deportes, juegos, pasatiempos y cursos que no ofrecen créditos académicos. 2010 tax tables federal   Normalmente, los gastos de estudios calificados no incluyen gastos que corresponden a un curso de enseñanza u otro curso educativo en que se desempeñen deportes, juegos, pasatiempos o un curso que no ofrece créditos académicos. 2010 tax tables federal No obstante, si el curso de enseñanza u otro curso educativo es parte del programa de estudios del estudiante para obtener una licenciatura u otro título educativo reconocido, los gastos entonces sí pueden calificar. 2010 tax tables federal Cuotas íntegras o en conjunto. 2010 tax tables federal   Algunas instituciones de educación superior que reúnen los requisitos combinan o consolidan todas sus cuotas para un período académico en una sola cantidad. 2010 tax tables federal Si no recibe, o no tiene acceso a un estado de cuentas o asignación que muestra cuánto pagó usted en concepto de gastos de estudios calificados y cuánto pagó en concepto de gastos personales, como los que se mencionaron anteriormente, comuníquese con la institución. 2010 tax tables federal La institución tiene la obligación de redactar ese estado de cuentas o asignación y de proveerle a usted información sobre la cantidad que usted pagó (o que se le facturó) por los gastos de estudios calificados en el Formulario 1098-T, Tuition Statement (Información sobre el pago de matrícula), en inglés. 2010 tax tables federal Vea el tema Cómo se Calcula la Deducción , más adelante, para mayor información sobre el Formulario 1098-T. 2010 tax tables federal Estudiante que Reúne los Requisitos Para propósitos de la deducción por matrícula y cuotas escolares, un “estudiante que reúne los requisitos” es aquél que está matriculado en uno o más cursos en una institución de educación superior que reúne los requisitos (que se definió anteriormente). 2010 tax tables federal Quién Puede Reclamar los Gastos de un Dependiente Para poder reclamar la deducción por matrícula y cuotas escolares de un dependiente, usted tiene, normalmente, que: Haber pagado los gastos y Reclamar una exención de dependiente por el estudiante. 2010 tax tables federal La Tabla 19-3 resume quién puede reclamar la deducción. 2010 tax tables federal Cuánto se Puede Deducir La cantidad máxima por concepto de matrícula y cuotas escolares para 2013 es $4,000, $2,000 o $0, dependiendo de la cantidad de su MAGI. 2010 tax tables federal Para detalles sobre el cálculo de su MAGI, vea el capítulo 6 de la Publicación 970. 2010 tax tables federal Cómo se Calcula la Deducción Calcule la deducción utilizando el Formulario 8917, Tuition and Fees Deduction (Deducción por matrícula y cuotas), en inglés. 2010 tax tables federal Para ayudarle a calcular su deducción por matrícula y cuotas escolares, debe recibir el Formulario 1098-T, Tuition Statement (Información sobre el pago de matrícula), en inglés. 2010 tax tables federal Por lo general, una institución de educación superior que reúne los requisitos (como un colegio universitario o universidad) tiene que enviarle el Formulario 1098-T (o una declaración sustitutiva similar y aceptable) a cada estudiante matriculado para el 31 de enero de 2014. 2010 tax tables federal Para reclamar la deducción, anote la cantidad permitida en la línea 34 del Formulario 1040 o en la línea 19 del Formulario 1040A, y adjunte el Formulario 8917 que ha completado debidamente. 2010 tax tables federal Tabla 19-3. 2010 tax tables federal Quién Puede Reclamar los Gastos de un Dependiente No se base únicamente en lo que aparece en esta tabla. 2010 tax tables federal Consulte Who can claim a Dependent's Expenses (Quién puede reclamar los gastos de un dependiente), en el capítulo 6 de la Publicación 970, en inglés. 2010 tax tables federal SI su dependiente es un estudiante que reúne los requisitos y usted . 2010 tax tables federal . 2010 tax tables federal . 2010 tax tables federal Y. 2010 tax tables federal . 2010 tax tables federal . 2010 tax tables federal ENTONCES. 2010 tax tables federal . 2010 tax tables federal . 2010 tax tables federal reclama una exención por su dependiente usted paga todos los gastos de estudios calificados de su dependiente sólo usted puede deducir los gastos de estudios calificados que usted pagó. 2010 tax tables federal Su dependiente no puede tomar la deducción. 2010 tax tables federal reclama una exención por su dependiente su dependiente pagó todos los gastos de estudios calificados a nadie se le permite tomar la deducción. 2010 tax tables federal no reclama una exención por su dependiente usted pagó todos los gastos de estudios calificados a nadie se le permite tomar la deducción. 2010 tax tables federal no reclama una exención por su dependiente su dependiente pagó todos los gastos de estudios calificados a nadie se le permite tomar la deducción. 2010 tax tables federal Gastos del Educador Si usted fue un educador que reúne los requisitos en el año 2013, puede deducir en la línea 23 del Formulario 1040 o en la línea 16 del Formulario 1040A, hasta $250 por concepto de gastos calificados que usted pagó en 2013. 2010 tax tables federal Si usted y su cónyuge están presentando una declaración de impuestos conjunta y si ambos de ustedes son educadores que reúnen los requisitos, la cantidad máxima que pueden deducir es $500. 2010 tax tables federal No obstante eso, ningún cónyuge puede deducir más de $250 en gastos calificados que él o ella ha pagado en la línea 23 del Formulario 1040 o en la línea 16 del Formulario 1040A. 2010 tax tables federal Usted quizás pueda deducir gastos que son mayores del límite de $250 (o $500) en la línea 21 del Anexo A (Formulario 1040). 2010 tax tables federal Educador que reúne los requisitos. 2010 tax tables federal   Un “educador que reúne los requisitos” es un maestro de primaria, instructor, consejero, director o ayudante, de kínder (jardín de infancia) hasta doceavo grado, que ha trabajado por lo menos 900 horas durante el año escolar. 2010 tax tables federal Gastos calificados. 2010 tax tables federal   En los gastos calificados se incluyen los gastos ordinarios (normales) y necesarios que se han pagado por libros, útiles, equipo (incluyendo equipo, programas y servicios para la computadora) y otros suministros y materiales que se utilizan en el aula. 2010 tax tables federal Un “gasto ordinario” es aquél que es común y aceptado en el campo educativo. 2010 tax tables federal Un “gasto necesario” es uno que es útil y apropiado en el desempeño de su profesión de educador. 2010 tax tables federal Un gasto no tiene que ser obligatorio para considerarse necesario. 2010 tax tables federal   Los gastos calificados no incluyen los gastos por enseñanza impartida en el hogar ni por artículos para cursos de salud o de educación física que no se usan en el desempeño del deporte. 2010 tax tables federal   Usted tiene que restar de sus gastos calificados las siguientes cantidades: Intereses de bonos de ahorros de los Estados Unidos de la serie EE y de la serie I que pueden excluirse de los ingresos y que provienen del Formulario 8815, Exclusion of Interest From Series EE and I U. 2010 tax tables federal S. 2010 tax tables federal Savings Bonds Issued After 1989 (Exclusión de los intereses provenientes de bonos de ahorros estadounidenses de las series EE e I emitidos después de 1989), en inglés. 2010 tax tables federal Vea el tema titulado Figuring the Tax-Free Amount (Cálculo de la cantidad exenta de impuestos), en el capítulo 10 de la Publicación 970, en inglés. 2010 tax tables federal Distribuciones o ganancias provenientes de un programa de matrícula calificado que no están sujetas a impuestos. 2010 tax tables federal Vea el tema titulado Figuring the Taxable Portion of a Distribution (Cálculo de la parte de una distribución sujeta a impuestos), en el capítulo 8 de la Publicación 970. 2010 tax tables federal Una distribución de ganancias no sujeta a impuestos proveniente de una cuenta Coverdell de ahorros para la educación. 2010 tax tables federal Vea el tema titulado Figuring the Taxable Portion of a Distribution (Cálculo de la parte de una distribución sujeta a impuestos), en el capítulo 7 de la Publicación 970. 2010 tax tables federal Todo reembolso de dichos gastos que haya recibido y del cual no se le haya informado en el recuadro 1 del Formulario W-2. 2010 tax tables federal Prev  Up  Next   Home   More Online Publications
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2010 tax tables federal Publication 4492 - Main Contents Table of Contents DefinitionsHurricane Katrina Disaster Area Katrina Covered Disaster Area Gulf Opportunity (GO) Zone (Core Disaster Area) Hurricane Rita Disaster Area (Rita Covered Disaster Area) Rita GO Zone Hurricane Wilma Disaster Area Wilma Covered Disaster Area Wilma GO Zone Extended Tax Deadlines Charitable Giving IncentivesTemporary Suspension of Limits on Charitable Contributions Standard Mileage Rate for Charitable Use of Vehicles Mileage Reimbursements to Charitable Volunteers Charitable Deduction for Contributions of Food Inventory Charitable Deduction for Contributions of Book Inventories to Public Schools Casualty and Theft LossesTime limit for making election. 2010 tax tables federal Replacement Period for Nonrecognition of Gain Net Operating Losses IRAs and Other Retirement PlansDefinitions Taxation of Qualified Hurricane Distributions Repayment of Qualified Hurricane Distributions Repayment of Qualified Distributions for the Purchase or Construction of a Main Home Loans From Qualified Plans Additional Tax Relief for IndividualsEarned Income Credit and Child Tax Credit Additional Exemption for Housing Individuals Displaced by Hurricane Katrina Education Credits Recapture of Federal Mortgage Subsidy Exclusion of Certain Cancellations of Indebtedness by Reason of Hurricane Katrina Tax Relief for Temporary Relocation Additional Tax Relief for BusinessesSpecial Depreciation Allowance Increased Section 179 Deduction Work Opportunity Credit Employee Retention Credit Hurricane Katrina Housing Credit Reforestation Costs Demolition and Clean-up Costs Increase in Rehabilitation Tax Credit Request for Copy or Transcript of Tax Return How To Get Tax Help Definitions The following definitions are used throughout this publication. 2010 tax tables federal Hurricane Katrina Disaster Area The Hurricane Katrina disaster area covers the area for which the President declared a major disaster before September 14, 2005, because of Hurricane Katrina. 2010 tax tables federal The Hurricane Katrina disaster area covers the entire states of Alabama, Florida, Louisiana, and Mississippi. 2010 tax tables federal Katrina Covered Disaster Area A portion of the Hurricane Katrina disaster area has been designated by the IRS as a covered disaster area. 2010 tax tables federal The Katrina covered disaster area covers the following areas in four states. 2010 tax tables federal Alabama. 2010 tax tables federal   The counties of Baldwin, Bibb, Choctaw, Clarke, Colbert, Cullman, Greene, Hale, Jefferson, Lamar, Lauderdale, Marengo, Marion, Mobile, Monroe, Perry, Pickens, Sumter, Tuscaloosa, Washington, Wilcox, and Winston. 2010 tax tables federal Florida. 2010 tax tables federal   The counties of Bay, Broward, Collier, Escambia, Franklin, Gulf, Miami-Dade, Monroe, Okaloosa, Santa Rosa, and Walton. 2010 tax tables federal Louisiana. 2010 tax tables federal   All parishes. 2010 tax tables federal Mississippi. 2010 tax tables federal   All counties. 2010 tax tables federal Gulf Opportunity (GO) Zone (Core Disaster Area) The GO Zone (also called the core disaster area) covers the portion of the Hurricane Katrina disaster area determined by the Federal Emergency Management Agency (FEMA) to be eligible for either individual only or both individual and public assistance from the Federal Government. 2010 tax tables federal The GO Zone covers the following areas in three states. 2010 tax tables federal Alabama. 2010 tax tables federal   The counties of Baldwin, Choctaw, Clarke, Greene, Hale, Marengo, Mobile, Pickens, Sumter, Tuscaloosa, and Washington. 2010 tax tables federal Louisiana. 2010 tax tables federal   The parishes of Acadia, Ascension, Assumption, Calcasieu, Cameron, East Baton Rouge, East Feliciana, Iberia, Iberville, Jefferson, Jefferson Davis, Lafayette, Lafourche, Livingston, Orleans, Plaquemines, Pointe Coupee, St. 2010 tax tables federal Bernard, St. 2010 tax tables federal Charles, St. 2010 tax tables federal Helena, St. 2010 tax tables federal James, St. 2010 tax tables federal John the Baptist, St. 2010 tax tables federal Martin, St. 2010 tax tables federal Mary, St. 2010 tax tables federal Tammany, Tangipahoa, Terrebonne, Vermilion, Washington, West Baton Rouge, and West Feliciana. 2010 tax tables federal Mississippi. 2010 tax tables federal   The counties of Adams, Amite, Attala, Choctaw, Claiborne, Clarke, Copiah, Covington, Forrest, Franklin, George, Greene, Hancock, Harrison, Hinds, Holmes, Humphreys, Jackson, Jasper, Jefferson, Jefferson Davis, Jones, Kemper, Lamar, Lauderdale, Lawrence, Leake, Lincoln, Lowndes, Madison, Marion, Neshoba, Newton, Noxubee, Oktibbeha, Pearl River, Perry, Pike, Rankin, Scott, Simpson, Smith, Stone, Walthall, Warren, Wayne, Wilkinson, Winston, and Yazoo. 2010 tax tables federal Hurricane Rita Disaster Area (Rita Covered Disaster Area) The Hurricane Rita disaster area (also designated by the IRS as the Rita covered disaster area) covers the area for which the President declared a major disaster before October 6, 2005, because of Hurricane Rita. 2010 tax tables federal This area covers the entire states of Louisiana and Texas. 2010 tax tables federal Rita GO Zone The Rita GO Zone covers the portion of the Hurricane Rita disaster area determined by FEMA to be eligible for either individual only or both individual and public assistance from the Federal Government. 2010 tax tables federal The Rita GO Zone covers the following areas in two states. 2010 tax tables federal Louisiana. 2010 tax tables federal   The parishes of Acadia, Allen, Ascension, Beauregard, Calcasieu, Cameron, Evangeline, Iberia, Jefferson, Jefferson Davis, Lafayette, Lafourche, Livingston, Plaquemines, Sabine, St. 2010 tax tables federal Landry, St. 2010 tax tables federal Martin, St. 2010 tax tables federal Mary, St. 2010 tax tables federal Tammany, Terrebonne, Vermilion, Vernon, and West Baton Rouge. 2010 tax tables federal Texas. 2010 tax tables federal   The counties of Angelina, Brazoria, Chambers, Fort Bend, Galveston, Hardin, Harris, Jasper, Jefferson, Liberty, Montgomery, Nacogdoches, Newton, Orange, Polk, Sabine, San Augustine, San Jacinto, Shelby, Trinity, Tyler, and Walker. 2010 tax tables federal Hurricane Wilma Disaster Area The Hurricane Wilma disaster area covers the area for which the President declared a major disaster before November 14, 2005, because of Hurricane Wilma. 2010 tax tables federal The Hurricane Wilma disaster area covers the entire state of Florida. 2010 tax tables federal Wilma Covered Disaster Area A portion of the Hurricane Wilma disaster area has been designated by the IRS as a covered disaster area. 2010 tax tables federal The Wilma covered disaster area covers the following counties. 2010 tax tables federal Florida. 2010 tax tables federal   Brevard, Broward, Charlotte, Collier, DeSoto, Glades, Hardee, Hendry, Highlands, Indian River, Lee, Martin, Miami-Dade, Monroe, Okeechobee, Osceola, Palm Beach, Polk, St. 2010 tax tables federal Lucie, and Sarasota. 2010 tax tables federal Wilma GO Zone The Wilma GO Zone covers the portion of the Hurricane Wilma disaster area determined by FEMA to be eligible for either individual only or both individual and public assistance from the Federal Government. 2010 tax tables federal The Wilma GO Zone covers the following counties. 2010 tax tables federal Florida. 2010 tax tables federal   Brevard, Broward, Collier, Glades, Hendry, Indian River, Lee, Martin, Miami-Dade, Monroe, Okeechobee, Palm Beach, and St. 2010 tax tables federal Lucie. 2010 tax tables federal Extended Tax Deadlines The IRS has extended deadlines that apply to filing returns, paying taxes, and performing certain other time-sensitive acts for certain taxpayers affected by Hurricane Katrina, Rita, or Wilma, until February 28, 2006. 2010 tax tables federal The extension applies to deadlines (either an original or extended due date) that occur during the following periods. 2010 tax tables federal After August 28, 2005 (August 23, 2005, for Florida affected taxpayers), and before February 28, 2006, for taxpayers affected by Hurricane Katrina. 2010 tax tables federal After September 22, 2005, and before February 28, 2006, for taxpayers affected by Hurricane Rita. 2010 tax tables federal After October 22, 2005, and before February 28, 2006, for taxpayers affected by Hurricane Wilma. 2010 tax tables federal Affected taxpayer. 2010 tax tables federal   The following taxpayers are eligible for the extension. 2010 tax tables federal Any individual whose main home is located in a covered disaster area. 2010 tax tables federal Any business entity or sole proprietor whose principal place of business is located in a covered disaster area. 2010 tax tables federal Any individual, business entity, or sole proprietor whose records needed to meet a postponed deadline are maintained or whose tax professional's office is in a covered disaster area. 2010 tax tables federal The main home or principal place of business does not have to be located in the covered area. 2010 tax tables federal Any individual visiting a county or parish in the Hurricane Katrina or Hurricane Rita covered disaster area that was injured or killed (and the estate of an individual killed) as a result of the hurricane or its aftermath. 2010 tax tables federal Any estate or trust whose tax records needed to meet a filing or payment deadline are maintained in a covered disaster area. 2010 tax tables federal Generally, any individual who is a worker assisting in the relief activities in a covered disaster area. 2010 tax tables federal However, a relief worker assisting in the Wilma covered disaster area is not an affected taxpayer unless the worker is affiliated with a recognized government or philanthropic organization assisting in the relief activities. 2010 tax tables federal The spouse of an affected taxpayer, solely with regard to a joint income tax return with that taxpayer. 2010 tax tables federal   To ensure correct processing, affected taxpayers should write the assigned disaster designation (for example, “Hurricane Katrina”) in red ink at the top of any forms or documents filed with the IRS. 2010 tax tables federal Affected taxpayers can also identify themselves to the IRS or ask hurricane-related questions by calling the special IRS disaster hotline at 1-866-562-5227. 2010 tax tables federal Acts extended. 2010 tax tables federal   Deadlines for performing the following acts are extended. 2010 tax tables federal Filing any return of income, estate, gift, generation-skipping transfer, excise, or employment tax. 2010 tax tables federal Paying any income, estate, gift, generation-skipping transfer, excise, or employment tax. 2010 tax tables federal This includes making estimated tax payments. 2010 tax tables federal Making certain contributions, distributions, recharacterizing contributions, or making a rollover to or from a qualified retirement plan. 2010 tax tables federal Filing certain petitions with the Tax Court. 2010 tax tables federal Filing a claim for credit or refund of any tax. 2010 tax tables federal Bringing suit upon a claim for credit or refund. 2010 tax tables federal Certain other acts described in Revenue Procedure 2005-27. 2010 tax tables federal You can find Revenue Procedure 2005-27 on page 1050 of Internal Revenue Bulletin 2005-20 at www. 2010 tax tables federal irs. 2010 tax tables federal gov/pub/irs-irbs/irb05-20. 2010 tax tables federal pdf. 2010 tax tables federal Forgiveness of interest and penalties. 2010 tax tables federal   The IRS may forgive the interest and penalties on any underpaid income, estate, gift, employment, or excise tax for the length of any extension. 2010 tax tables federal Charitable Giving Incentives Temporary Suspension of Limits on Charitable Contributions Individuals. 2010 tax tables federal   Qualified contributions are not subject to the overall limit on itemized deductions or the 50% adjusted gross income (AGI) limit. 2010 tax tables federal A qualified contribution is a charitable contribution paid in cash or by check after August 27, 2005, and before January 1, 2006, to a 50% limit organization (other than certain private foundations described in section 509(a)(3)) if you make an election to have the 50% limit not apply to these contributions. 2010 tax tables federal   Your deduction for qualified contributions is limited to your AGI minus your deduction for all other charitable contributions. 2010 tax tables federal You can carry over any contributions you are not able to deduct for 2005 because of this limit. 2010 tax tables federal In 2006, treat the carryover of your unused qualified contributions as a carryover of contributions subject to the 50% limit. 2010 tax tables federal Exception. 2010 tax tables federal   Qualified contributions do not include a contribution to a segregated fund or account for which you (or any person you appoint or designate) have or expect to have advisory privileges with respect to distributions or investments based on your contribution. 2010 tax tables federal Corporations. 2010 tax tables federal   A corporation may elect to deduct qualified cash contributions without regard to the 10% taxable income limit if the contributions were made after August 27, 2005, and before January 1, 2006, to a qualified charitable organization (other than certain private foundations described in section 509(a)(3)), for Hurricane Katrina, Rita, or Wilma relief efforts. 2010 tax tables federal The corporation's deduction for these qualified contributions is limited to 100% of taxable income (as modified for the 10% limit) minus the corporation's deduction for all other charitable contributions. 2010 tax tables federal Any qualified contributions over this limit can be carried over to the next 5 years, subject to the 10% limit. 2010 tax tables federal Partners and shareholders. 2010 tax tables federal   Each partner in a partnership and each shareholder in an S corporation makes a separate election to have the appropriate limit not apply. 2010 tax tables federal More information. 2010 tax tables federal   For more information, see Publication 526 or Publication 542, Corporations. 2010 tax tables federal Publication 526 includes a worksheet you can use to figure your deduction if any limits apply to your charitable contributions. 2010 tax tables federal Standard Mileage Rate for Charitable Use of Vehicles The following are special standard mileage rates in effect in 2005 and 2006 for the cost of operating your automobile for providing charitable services solely related to Hurricane Katrina. 2010 tax tables federal 29 cents per mile for the period August 25 through August 31, 2005. 2010 tax tables federal 34 cents per mile for the period September 1 through December 31, 2005. 2010 tax tables federal 32 cents per mile for the period January 1 through December 31, 2006. 2010 tax tables federal Mileage Reimbursements to Charitable Volunteers You can exclude from income amounts you receive as mileage reimbursements for the use of a private passenger automobile for the benefit of a qualified charitable organization in providing relief related to Hurricane Katrina during the period beginning on August 25, 2005, and ending on December 31, 2006. 2010 tax tables federal You cannot claim a deduction or credit for amounts you receive as a mileage reimbursement. 2010 tax tables federal You must keep records of miles driven, time, place (or use), and purpose of the mileage. 2010 tax tables federal The amount you can exclude from income cannot exceed the standard business mileage rate (shown below) for expenses incurred during the following periods. 2010 tax tables federal 40. 2010 tax tables federal 5 cents per mile for the period August 25 through August 31, 2005. 2010 tax tables federal 48. 2010 tax tables federal 5 cents per mile for the period September 1 through December 31, 2005. 2010 tax tables federal 44. 2010 tax tables federal 5 cents per mile for the period January 1 through December 31, 2006. 2010 tax tables federal Charitable Deduction for Contributions of Food Inventory Any taxpayer engaged in a trade or business is eligible to claim a deduction for a contribution of “apparently wholesome food” inventory to a qualified charitable organization described in section 501(c)(3) (except for private nonoperating foundations) after August 27, 2005, and before January 1, 2006. 2010 tax tables federal “Apparently wholesome food” is food that meets all quality and labeling standards imposed by federal, state, and local laws and regulations even though the food may not be readily marketable due to appearance, age, freshness, grade, size, surplus, or other conditions. 2010 tax tables federal The deduction is equal to the lesser of: The basis of the donated food plus one-half of the gain that would have been realized if the donated food had been sold at fair market value on the date of the donation, or Two times the basis of the donated food. 2010 tax tables federal The taxpayer must receive written certification from the donee stating: The donated food is related to the purpose or function of the donee's basis for exemption under section 501(c)(3) and is to be used solely for the care of the ill, the needy, or infants; and The food was not given in exchange for money, other property, or services. 2010 tax tables federal For a taxpayer other than a C corporation, the deduction is limited to 10% of the taxpayer's total net income from all trades or businesses from which the food contributions were made (figured without regard to the deduction for charitable contributions). 2010 tax tables federal For example, if a taxpayer is a sole proprietor, a shareholder in an S corporation, and a partner in a partnership, and each made a contribution of apparently wholesome food inventory, the taxpayer's deduction is limited to 10% of the taxpayer's total net income from the sole proprietorship, S corporation, and partnership (figured without regard to the deduction for charitable contributions). 2010 tax tables federal Charitable Deduction for Contributions of Book Inventories to Public Schools A corporation (other than an S corporation) may be allowed a charitable deduction for a qualified book contribution made after August 27, 2005, and before January 1, 2006, to a public school that: Provides elementary or secondary education (kindergarten through grade 12), and Normally maintains a regular faculty and curriculum and has a regular enrolled body of pupils or students in attendance at the place where its educational activities are regularly carried on. 2010 tax tables federal . 2010 tax tables federal The deduction is equal to the lesser of: The basis of the donated books plus one-half of the gain that would have been realized if the donated books had been sold at fair market value on the date of the donation, or Two times the basis of the donated books. 2010 tax tables federal The corporation must receive written certification from the school stating that the donated books are suitable for the organization's educational programs and will be used for such programs. 2010 tax tables federal Casualty and Theft Losses The following paragraphs explain changes to casualty and theft losses that were caused by Hurricane Katrina, Rita, or Wilma. 2010 tax tables federal For more information, see Publication 547. 2010 tax tables federal Limits on personal casualty or theft losses caused by Hurricane Katrina, Rita, or Wilma. 2010 tax tables federal   The following losses to personal use property are not subject to the $100 or 10% of adjusted gross income limits. 2010 tax tables federal Losses that arose in the Hurricane Katrina disaster area after August 24, 2005, and that were caused by Hurricane Katrina. 2010 tax tables federal Losses that arose in the Hurricane Rita disaster area after September 22, 2005, and that were caused by Hurricane Rita. 2010 tax tables federal Losses that arose in the Hurricane Wilma disaster area after October 22, 2005, and that were caused by Hurricane Wilma. 2010 tax tables federal Qualifying losses include losses from flooding or other casualty, and from theft, that arose in the hurricane disaster area and that were caused by the hurricane. 2010 tax tables federal Special instructions for individuals who elect to claim a Hurricane Katrina, Rita, or Wilma casualty or theft loss for 2004. 2010 tax tables federal   Casualty and theft losses are generally deductible only in the year the casualty occurred or theft was discovered. 2010 tax tables federal However, Hurricane Katrina, Rita, and Wilma are Presidentially declared disasters. 2010 tax tables federal Therefore, you can elect to deduct losses from these hurricanes on your tax return for the previous year. 2010 tax tables federal If you make this election, use the following additional instructions to complete your forms. 2010 tax tables federal   Individuals filing or amending their 2004 tax return whose only casualty or theft losses to personal use property claimed on that return were caused by Hurricane Katrina, Rita, or Wilma should write “Hurricane Katrina,” “Hurricane Rita,” or “Hurricane Wilma” at the top of Form 1040 or 1040X. 2010 tax tables federal They must also complete and attach the 2004 Form 4684 and write “Hurricane Katrina,”“Hurricane Rita,” or “Hurricane Wilma” on the dotted line next to line 11 and enter -0- on lines 11 and 17. 2010 tax tables federal   Individuals filing or amending their 2004 tax return who also have casualty or theft losses to personal use property not related to Hurricane Katrina, Rita, or Wilma should disregard the caution directing taxpayers to use only one Form 4684, located above line 13, and complete lines 13 through 18 on two Forms 4684. 2010 tax tables federal The Form 1040 or 1040X and the first Form 4684 should be prepared as explained above for Hurricane Katrina, Rita, or Wilma losses only. 2010 tax tables federal The second Form 4684 should be prepared in the normal manner for all gains and non-Hurricane Katrina, Rita or Wilma losses. 2010 tax tables federal If both Forms 4684 have a loss on line 18, they should carry the combined losses from that line to Schedule A (Form 1040), line 19. 2010 tax tables federal If there is a gain on line 15 of the second Form 4684, disregard the instruction to enter it on Schedule D (Form 1040), and instead enter on Schedule A (Form 1040), line 19, the excess of the loss from the first Form 4684 over the gain on line 15 of the second Form 4684. 2010 tax tables federal , Time limit for making election. 2010 tax tables federal   You must make this election to claim your casualty or theft loss in 2004 by the later of the following dates. 2010 tax tables federal The due date (without extensions) for filing your 2005 income tax return. 2010 tax tables federal The due date (with extensions) for filing your 2004 income tax return. 2010 tax tables federal Example. 2010 tax tables federal If you are a calendar year individual taxpayer, you have until April 17, 2006, to amend your 2004 tax return to claim a casualty or theft loss that occurred during 2005. 2010 tax tables federal Replacement Period for Nonrecognition of Gain Generally, an involuntary conversion occurs when property is damaged, destroyed, stolen, seized, requisitioned, or condemned, and you receive other property or money in payment, such as insurance or a condemnation award. 2010 tax tables federal Generally, you do not have to report a gain (if any) if you replace the property within 2 years (4 years for a main home in a Presidentially declared disaster area). 2010 tax tables federal However, for property that was involuntarily converted after August 24, 2005, as a result of Hurricane Katrina, a 5-year replacement period applies if substantially all of the use of the replacement property is in the Hurricane Katrina disaster area. 2010 tax tables federal For more information, see the Instructions for Form 4684. 2010 tax tables federal Net Operating Losses Qualified GO Zone loss. 2010 tax tables federal   Generally, you can carry a net operating loss (NOL) back to the 2 tax years before the NOL year. 2010 tax tables federal However, the portion of an NOL that is a qualified GO Zone loss can be carried back to the 5 tax years before the NOL year. 2010 tax tables federal In addition, the 90% limit on the alternative tax NOL deduction (ATNOLD) does not apply to such portion of the ATNOLD. 2010 tax tables federal   A qualified GO Zone loss is the smaller of: The excess of the NOL for the year over the specified liability loss for the year to which a 10-year carryback applies, or The total of the following deductions (to the extent they are taken into account in computing the NOL for the tax year): Qualified GO Zone casualty loss (as defined below), Moving expenses paid or incurred after August 27, 2005, and before January 1, 2008, for the employment of an individual whose main home was in the GO Zone before August 28, 2005, who was unable to remain in that home because of Hurricane Katrina, and whose main job location (after the move) is in the GO Zone, Temporary housing expenses paid or incurred after August 27, 2005, and before January 1, 2008, to house employees of the taxpayer whose main job location is in the GO Zone, Depreciation or amortization allowable for any qualified GO Zone property (even if you elected not to claim the special GO Zone depreciation allowance for such property) for the year placed in service, and Repair expenses (including expenses for the removal of debris) paid or incurred after August 27, 2005, and before January 1, 2008, for any damage from Hurricane Katrina to property located in the GO Zone. 2010 tax tables federal Qualified GO Zone casualty loss. 2010 tax tables federal   A qualified GO Zone casualty loss is any deductible section 1231 loss of property located in the GO Zone if the loss was caused by Hurricane Katrina. 2010 tax tables federal For this purpose, the amount of the loss is reduced by any recognized gain from an involuntary conversion caused by Hurricane Katrina of property located in the GO Zone. 2010 tax tables federal Any such loss taken into account in figuring your qualified GO Zone loss is not eligible for the election to be treated as having occurred in the previous tax year. 2010 tax tables federal 5-year NOL carryback of certain timber losses. 2010 tax tables federal   Generally, you can carry the portion of an NOL due to income and deductions attributable to a farming business back to the 5 tax years before the NOL year. 2010 tax tables federal You can treat income and deductions attributable to qualified timber property as attributable to a farming business if any portion of the property is located in the GO Zone, Rita GO Zone, or Wilma GO Zone, and the income and deductions are allocable to the part of your tax year which is after the applicable date below. 2010 tax tables federal August 27, 2005, if any portion of the property is located in the GO Zone. 2010 tax tables federal September 22, 2005, if any portion of the property is located in the Rita GO Zone (but not in the GO Zone). 2010 tax tables federal October 22, 2005, if any portion of the property is located in the Wilma GO Zone (but not in the GO Zone or the RITA GO Zone). 2010 tax tables federal   These rules will not apply after 2006. 2010 tax tables federal   However, these rules apply only to a timber producer who: Held qualified timber property (defined in Publication 535, Business Expenses) on the applicable date below: August 28, 2005, if any portion of the property is located in the GO Zone, September 23, 2005, if any portion of the property is located in the Rita GO Zone (but not in the GO Zone), or October 23, 2005, if any portion of the property is located in the Wilma GO Zone (but not in the GO Zone or the Rita GO Zone); Is not a corporation with stock publicly traded on an established securities market; Is not a real estate investment trust; and Did not hold more than 500 acres of qualified timber property on the applicable date above. 2010 tax tables federal More information. 2010 tax tables federal   For more information on NOLs, see Publication 536 or Publication 542, Corporations. 2010 tax tables federal IRAs and Other Retirement Plans New rules provide for tax-favored withdrawals, repayments, and loans from certain retirement plans for taxpayers who suffered economic losses as a result of Hurricane Katrina, Rita, or Wilma. 2010 tax tables federal Definitions Qualified hurricane distribution. 2010 tax tables federal   A qualified hurricane distribution is any distribution you received from an eligible retirement plan if all of the following apply. 2010 tax tables federal The distribution was made: After August 24, 2005, and before January 1, 2007, for Hurricane Katrina; After September 22, 2005, and before January 1, 2007, for Hurricane Rita; or After October 22, 2005, and before January 1, 2007, for Hurricane Wilma. 2010 tax tables federal Your main home was located in a hurricane disaster area listed below on the date shown for that area. 2010 tax tables federal August 28, 2005, for the Hurricane Katrina disaster area. 2010 tax tables federal September 23, 2005, for the Hurricane Rita disaster area. 2010 tax tables federal October 23, 2005, for the Hurricane Wilma disaster area. 2010 tax tables federal You sustained an economic loss because of Hurricane Katrina, Rita, or Wilma and your main home was in that hurricane disaster area on the date shown in (2) above for that hurricane. 2010 tax tables federal Examples of an economic loss include, but are not limited to: Loss, damage to, or destruction of real or personal property from fire, flooding, looting, vandalism, theft, wind, or other cause; Loss related to displacement from your home; or Loss of livelihood due to temporary or permanent layoffs. 2010 tax tables federal   If (1) through (3) above apply, you can generally designate any distribution (including periodic payments and required minimum distributions) from an eligible retirement plan as a qualified hurricane distribution, regardless of whether the distribution was made on account of Hurricane Katrina, Rita, or Wilma. 2010 tax tables federal Qualified hurricane distributions are permitted without regard to your need or the actual amount of your economic loss. 2010 tax tables federal   The total of your qualified hurricane distributions from all plans is limited to $100,000. 2010 tax tables federal If you have distributions in excess of $100,000 from more than one type of plan, such as a 401(k) plan and an IRA, you may allocate the $100,000 limit among the plans any way you choose. 2010 tax tables federal   A reduction or offset (after August 24, 2005, for Katrina; after September 22, 2005, for Rita; or after October 22, 2005, for Wilma) of your account balance in an eligible retirement plan in order to repay a loan can also be designated as a qualified hurricane distribution. 2010 tax tables federal Eligible retirement plan. 2010 tax tables federal   An eligible retirement plan can be any of the following. 2010 tax tables federal A qualified pension, profit-sharing, or stock bonus plan (including a 401(k) plan). 2010 tax tables federal A qualified annuity plan. 2010 tax tables federal A tax-sheltered annuity contract. 2010 tax tables federal A governmental section 457 deferred compensation plan. 2010 tax tables federal A traditional, SEP, SIMPLE, or Roth IRA. 2010 tax tables federal Main home. 2010 tax tables federal   Generally, your main home is the home where you live most of the time. 2010 tax tables federal A temporary absence due to special circumstances, such as illness, education, business, military service, evacuation, or vacation, will not change your main home. 2010 tax tables federal Taxation of Qualified Hurricane Distributions Qualified hurricane distributions are included in income in equal amounts over three years. 2010 tax tables federal However, if you elect, you can include the entire distribution in your income in the year it was received. 2010 tax tables federal Qualified hurricane distributions are not subject to the additional 10% tax (or the additional 25% tax for certain distributions from SIMPLE IRAs) on early distributions from qualified retirement plans (including IRAs). 2010 tax tables federal However, any distributions you receive in excess of the $100,000 qualified hurricane distribution limit may be subject to the additional tax on early distributions. 2010 tax tables federal For more information, see Form 8915. 2010 tax tables federal Repayment of Qualified Hurricane Distributions If you choose, you generally can repay any portion of a qualified hurricane distribution that is eligible for tax-free rollover treatment to an eligible retirement plan. 2010 tax tables federal Also, you can repay a qualified hurricane distribution made on account of a hardship from a retirement plan. 2010 tax tables federal However, see Exceptions below for qualified hurricane distributions you cannot repay. 2010 tax tables federal You have three years from the day after the date you received the distribution to make a repayment. 2010 tax tables federal Amounts that are repaid are treated as a qualified rollover and are not included in income. 2010 tax tables federal Also, for purposes of the one-rollover-per-year limitation for IRAs, a repayment to an IRA is not considered a qualified rollover. 2010 tax tables federal See Form 8915 for more information on how to report repayments. 2010 tax tables federal Exceptions. 2010 tax tables federal   You cannot repay the following types of distributions. 2010 tax tables federal Qualified hurricane distributions received as a beneficiary (other than a surviving spouse). 2010 tax tables federal Required minimum distributions. 2010 tax tables federal Periodic payments (other than from an IRA) that are for: A period of 10 years or more, Your life or life expectancy, or The joint lives or joint life expectancies of you and your beneficiary. 2010 tax tables federal Repayment of Qualified Distributions for the Purchase or Construction of a Main Home If you received a qualified distribution to purchase or construct a main home in the Hurricane Katrina, Rita, or Wilma disaster area, you can repay that distribution before March 1, 2006, to an eligible retirement plan after August 24, 2005 (Katrina); after September 22, 2005 (Rita); or after October 22, 2005 (Wilma). 2010 tax tables federal For this purpose, an eligible retirement plan is any plan, annuity, or IRA to which a qualified rollover can be made. 2010 tax tables federal To be a qualified distribution, the distribution must meet all of the following requirements. 2010 tax tables federal The distribution is a hardship distribution from a 401(k) plan, a hardship distribution from a tax-sheltered annuity contract, or a qualified first-time homebuyer distribution from an IRA. 2010 tax tables federal The distribution was received in 2005 after February 28 and before: August 29 for Hurricane Katrina; September 24 for Hurricane Rita; or October 24 for Hurricane Wilma. 2010 tax tables federal The distribution was to be used to purchase or construct a main home in the Hurricane Katrina, Rita, or Wilma disaster area that was not purchased or constructed because of Hurricane Katrina, Rita, or Wilma. 2010 tax tables federal Amounts that are repaid before March 1, 2006, are treated as a qualified rollover and are not included in income. 2010 tax tables federal Also, for purposes of the one-rollover-per-year limitation for IRAs, a repayment to an IRA is not considered a qualified rollover. 2010 tax tables federal A qualified distribution not repaid before March 1, 2006, may be taxable for 2005 and subject to the additional 10% tax (or the additional 25% tax for certain SIMPLE IRAs) on early distributions. 2010 tax tables federal You must file Form 8915 if you received a qualified distribution that you repaid, in whole or in part, before March 1, 2006. 2010 tax tables federal Loans From Qualified Plans The following benefits are available to qualified individuals. 2010 tax tables federal Increases to the limits for distributions treated as loans from employer plans. 2010 tax tables federal A 1-year suspension for payments due on plan loans. 2010 tax tables federal Qualified individual. 2010 tax tables federal   You are a qualified individual if any of the following apply. 2010 tax tables federal Your main home on August 28, 2005, was located in the Hurricane Katrina disaster area and you had an economic loss because of Hurricane Katrina. 2010 tax tables federal Your main home on September 23, 2005, was located in the Hurricane Rita disaster area and you had an economic loss because of Hurricane Rita. 2010 tax tables federal Your main home on October 23, 2005, was located in the Hurricane Wilma disaster area and you had an economic loss because of Hurricane Wilma. 2010 tax tables federal Examples of an economic loss include, but are not limited to: Loss, damage to, or destruction of real or personal property from fire, flooding, looting, vandalism, theft, wind, or other cause; Loss related to displacement from your home; or Loss of livelihood due to temporary or permanent layoffs. 2010 tax tables federal Limits on plan loans. 2010 tax tables federal   The $50,000 limit for distributions treated as plan loans is increased to $100,000. 2010 tax tables federal In addition, the limit based on 50% of your vested accrued benefit is increased to 100% of that benefit. 2010 tax tables federal The higher limits apply only to loans received during the following period. 2010 tax tables federal If your main home was located in the Hurricane Katrina disaster area, the period began on September 24, 2005, and ends on December 31, 2006. 2010 tax tables federal If your main home was located in the Hurricane Rita or Wilma disaster area, the period began on December 21, 2005, and ends on December 31, 2006. 2010 tax tables federal If you are a qualified individual based on Hurricane Katrina and another hurricane, use the period based on Hurricane Katrina. 2010 tax tables federal One-year suspension of loan payments. 2010 tax tables federal   Payments on plan loans due before 2007 may be suspended for 1 year by the plan administrator. 2010 tax tables federal To qualify for the suspension, the due date for any loan payment must occur during the period beginning on: August 28, 2005, if your main home was located in the Hurricane Katrina disaster area. 2010 tax tables federal September 23, 2005, if your main home was located in the Hurricane Rita disaster area. 2010 tax tables federal October 23, 2005, if your main home was located in the Hurricane Wilma disaster area. 2010 tax tables federal If you are a qualified individual based on more than one hurricane, use the period with the earliest beginning date. 2010 tax tables federal Additional Tax Relief for Individuals Earned Income Credit and Child Tax Credit You can elect to use your 2004 earned income to figure your earned income credit (EIC) and additional child tax credit for 2005 if: Your 2005 earned income is less than your 2004 earned income, and At least one of the following statements is true. 2010 tax tables federal Your main home on August 25, 2005, was in the Gulf Opportunity (GO) Zone. 2010 tax tables federal Your main home on August 25, 2005, was in the Hurricane Katrina disaster area and you were displaced from that home because of Hurricane Katrina. 2010 tax tables federal Your main home on September 23, 2005, was in the Rita GO Zone. 2010 tax tables federal Your main home on September 23, 2005, was in the Hurricane Rita disaster area and you were displaced from that home because of Hurricane Rita. 2010 tax tables federal Your main home on October 23, 2005, was in the Wilma GO Zone. 2010 tax tables federal Your main home on October 23, 2005, was in the Hurricane Wilma disaster area and you were displaced from that home because of Hurricane Wilma. 2010 tax tables federal Earned income. 2010 tax tables federal    For the purpose of this election, your earned income for both the EIC and the additional child tax credit is the amount of earned income used to figure your EIC, even if you did not take the EIC and even if that amount is different than your earned income for the additional child tax credit. 2010 tax tables federal If you are claiming only the additional child tax credit, you must figure the amount of your earned income for EIC purposes to determine your eligibility to make the election and the amount of the credit. 2010 tax tables federal Joint returns. 2010 tax tables federal   If you file a joint return, you qualify to make this election even if only one spouse meets the requirements. 2010 tax tables federal If you make the election, your 2004 earned income is the sum of your 2004 earned income and your spouse's 2004 earned income. 2010 tax tables federal Making the election. 2010 tax tables federal   If you make the election to use your 2004 earned income, the election applies for figuring both the EIC and the additional child tax credit. 2010 tax tables federal However, you can make the election for the additional child tax credit even if you do not take the EIC. 2010 tax tables federal   Electing to use your 2004 earned income may increase or decrease your EIC. 2010 tax tables federal Take the following steps to decide whether to make the election. 2010 tax tables federal Figure your 2005 EIC using your 2004 earned income. 2010 tax tables federal Figure your 2005 additional child tax credit using your 2004 earned income for EIC purposes. 2010 tax tables federal Add the results of (1) and (2). 2010 tax tables federal Figure your 2005 EIC using your 2005 earned income. 2010 tax tables federal Figure your 2005 additional child tax credit using your 2005 earned income for additional child tax credit purposes. 2010 tax tables federal Add the results of (4) and (5). 2010 tax tables federal Compare the results of (3) and (6). 2010 tax tables federal If (3) is larger than (6), it is to your benefit to make the election. 2010 tax tables federal If (3) is equal to or smaller than (6), making the election will not help you. 2010 tax tables federal   If you elect to use your 2004 earned income and you are claiming the EIC, enter “PYEI” and the amount of your 2004 earned income on the dotted line next to line 66a of Form 1040, on the line next to line 41a of Form 1040A, or in the space to the left of line 8a of Form 1040EZ. 2010 tax tables federal   If you elect to use your 2004 earned income and you are claiming the additional child tax credit, enter your 2004 earned income for EIC purposes (even if you did not claim the EIC) on Form 8812, Additional Child Tax Credit, line 4a, and check the box on that line. 2010 tax tables federal   Because Form 8812 was released before the GO Zone legislation was enacted, the instructions refer only to individuals whose main home was in the Hurricane Katrina disaster area. 2010 tax tables federal When completing Form 8812, line 4a, use the above rules to determine your eligibility to make the election (instead of the Form 8812 instructions). 2010 tax tables federal Getting your 2004 tax return information. 2010 tax tables federal   If you do not have your 2004 tax records, you can get the amount of earned income used to figure your 2004 EIC by calling 1-866-562-5227. 2010 tax tables federal You can also get this information by visiting the IRS website at www. 2010 tax tables federal irs. 2010 tax tables federal gov. 2010 tax tables federal   If you prefer to figure your 2004 earned income yourself, copies or transcripts of your filed and processed tax returns can help you reconstruct your tax records. 2010 tax tables federal See Request for Copy or Transcript of Tax Return on page 16. 2010 tax tables federal Additional Exemption for Housing Individuals Displaced by Hurricane Katrina You may be able to claim an additional exemption amount of $500 for providing housing in your main home for each individual displaced by Hurricane Katrina. 2010 tax tables federal The additional exemption amount is claimed on new Form 8914. 2010 tax tables federal The additional exemption amount is allowable once per taxpayer for a specific individual in 2005 or 2006, but not in both years. 2010 tax tables federal The maximum additional exemption amount you can claim for all displaced individuals is $2,000 ($1,000 if married filing separately). 2010 tax tables federal The additional exemption amount you claim for displaced individuals in 2005 will reduce the $2,000 maximum for 2006. 2010 tax tables federal If two or more taxpayers share the same main home, only one taxpayer in that main home can claim the additional exemption amount for a specific displaced individual. 2010 tax tables federal If married filing separately, only one spouse may claim the additional exemption amount for a specific displaced individual. 2010 tax tables federal In order for you to be considered to have provided housing, you must have a legal interest in the main home (that is, own or rent the home). 2010 tax tables federal To qualify as a displaced individual, the individual: Must have had his or her main home in the Hurricane Katrina disaster area on August 28, 2005, and he or she must have been displaced from that home. 2010 tax tables federal If the individual's main home was located outside the core disaster area, that home must have been damaged by Hurricane Katrina or the individual must have been evacuated from that home because of Hurricane Katrina, Must have been provided housing in your main home for a period of at least 60 consecutive days ending in the tax year in which the exemption is claimed, and Cannot be your spouse or dependent. 2010 tax tables federal You cannot claim the additional exemption amount if you received rent (or any other amount) from any source for providing the housing. 2010 tax tables federal You are permitted to receive payments or reimbursements that do not relate to normal housing costs, including the following. 2010 tax tables federal Food, clothing, or personal items consumed or used by the displaced individual. 2010 tax tables federal Reimbursement for the cost of any long distance telephone calls made by the displaced individual. 2010 tax tables federal Reimbursement for the cost of gasoline for the displaced individual's use of your vehicle. 2010 tax tables federal However, you cannot claim the additional exemption amount if you received any reimbursement for the extra costs of heat, electricity, or water used by the displaced individual. 2010 tax tables federal Also, you must report on Form 8914 the displaced individual's social security number or individual taxpayer identification number to claim an additional exemption amount. 2010 tax tables federal For more information, see Form 8914. 2010 tax tables federal Education Credits The education credits have been expanded for students attending an eligible educational institution located in the Gulf Opportunity Zone (GOZ students) for any tax year beginning in 2005 or 2006. 2010 tax tables federal The Hope credit for a GOZ student is increased to 100% of the first $2,000 in qualified education expenses and 50% of the next $2,000 of qualified education expenses for a maximum credit of $3,000 per student. 2010 tax tables federal The lifetime learning credit rate for a GOZ student is increased from 20% to 40%. 2010 tax tables federal The definition of qualified education expenses for a GOZ student also has been expanded. 2010 tax tables federal In addition to tuition and fees required for the student's enrollment or attendance at an eligible educational institution, qualified education expenses for a GOZ student include the following. 2010 tax tables federal Books, supplies, and equipment required for enrollment or attendance at an eligible educational institution. 2010 tax tables federal For a special needs student, expenses that are necessary for that person's enrollment or attendance at an eligible educational institution. 2010 tax tables federal For a student who is at least a half-time student, the reasonable costs of room and board, but only to the extent that the costs are not more than the greater of the following two amounts. 2010 tax tables federal The allowance for room and board, as determined by the eligible educational institution, that was included in the cost of attendance (for federal financial aid purposes) for a particular academic period and living arrangement of the student. 2010 tax tables federal The actual amount charged if the student is residing in housing owned or operated by the eligible educational institution. 2010 tax tables federal You will need to contact the eligible educational institution for qualified room and board costs. 2010 tax tables federal For more information, see Form 8863. 2010 tax tables federal Recapture of Federal Mortgage Subsidy Generally, if you financed your home under a federally subsidized program (loans from tax-exempt qualified mortgage bonds or loans with mortgage credit certificates), you may have to recapture all or part of the benefit you received from that program when you sell or otherwise dispose of your home. 2010 tax tables federal However, you do not have to recapture any benefit if your mortgage loan was a qualified home improvement loan of not more than $15,000. 2010 tax tables federal This amount is increased to $150,000 if the loan was provided before 2011 and was used to: Repair damage caused by Hurricane Katrina to a residence in the Hurricane Katrina disaster area, or Alter, repair, or improve an existing owner-occupied residence in the GO Zone, Rita GO Zone, or Wilma GO Zone. 2010 tax tables federal Exclusion of Certain Cancellations of Indebtedness by Reason of Hurricane Katrina Generally, discharges of nonbusiness debts (such as mortgages) made after August 24, 2005, and before January 1, 2007, are excluded from income for individuals whose main home was in the Hurricane Katrina disaster area on August 25, 2005. 2010 tax tables federal If the individual's main home was located outside the core disaster area, the individual also must have had an economic loss because of Hurricane Katrina. 2010 tax tables federal Examples of an economic loss include, but are not limited to: Loss, damage to, or destruction of real or personal property from fire, flooding, looting, vandalism, theft, wind, or other cause; Loss related to displacement from your home; or Loss of livelihood due to temporary or permanent layoffs. 2010 tax tables federal This relief does not apply to any debt secured by real property located outside the Hurricane Katrina disaster area. 2010 tax tables federal You may also have to reduce certain tax attributes by the amount excluded. 2010 tax tables federal For more information, see Form 982, Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis Adjustment). 2010 tax tables federal Tax Relief for Temporary Relocation Under the Gulf Opportunity Zone Act of 2005, the IRS may adjust the internal revenue laws to ensure that taxpayers do not lose a deduction or credit or experience a change of filing status in 2005 or 2006 as a result of a temporary relocation caused by Hurricane Katrina, Rita, or Wilma. 2010 tax tables federal However, any such adjustment must ensure that an individual is not taken into account by more than one taxpayer for the same tax benefit. 2010 tax tables federal The IRS has exercised this authority as follows. 2010 tax tables federal In determining whether you furnished over one-half of the cost of maintaining a household, you can exclude from total household costs any assistance received from the government or charitable organizations because you were temporarily relocated as a result of Hurricane Katrina, Rita, or Wilma. 2010 tax tables federal In determining whether you provided more than one-half of an individual's support, you can disregard any assistance received from the government or charitable organizations because you were temporarily relocated as a result of Hurricane Katrina, Rita, or Wilma. 2010 tax tables federal You can treat as a student an individual who enrolled in school before August 25, 2005, and who is unable to attend classes because of Hurricane Katrina, for each month of the enrollment period that individual is prevented by Hurricane Katrina from attending school as planned. 2010 tax tables federal You can treat as a student an individual who enrolled in school before September 23, 2005, and who is unable to attend classes because of Hurricane Rita, for each month of the enrollment period that individual is prevented by Hurricane Rita from attending school as planned. 2010 tax tables federal You can treat as a student an individual who enrolled in school before October 23, 2005, and who is unable to attend classes because of Hurricane Wilma, for each month of the enrollment period that individual is prevented by Hurricane Wilma from attending school as planned. 2010 tax tables federal Additional Tax Relief for Businesses Special Depreciation Allowance You can take a special depreciation allowance for qualified Gulf Opportunity (GO) Zone property (as defined below) you place in service after August 27, 2005. 2010 tax tables federal The allowance is an additional deduction of 50% of the property's depreciable basis (after any section 179 deduction and before figuring your regular depreciation deduction). 2010 tax tables federal The special allowance applies only for the first year the property is placed in service. 2010 tax tables federal The allowance is deductible for both the regular tax and the alternative minimum tax (AMT). 2010 tax tables federal There is no AMT adjustment required for any depreciation figured on the remaining basis of the property. 2010 tax tables federal You can elect not to deduct the special GO Zone depreciation allowance for qualified property. 2010 tax tables federal If you make this election for any property, it applies to all property in the same class placed in service during the year. 2010 tax tables federal Qualified GO Zone property. 2010 tax tables federal   Property that qualifies for the special GO Zone depreciation allowance includes the following. 2010 tax tables federal Tangible property depreciated under the modified accelerated cost recovery system (MACRS) with a recovery period of 20 years or less. 2010 tax tables federal Water utility property. 2010 tax tables federal Computer software that is readily available for purchase by the general public, is subject to a nonexclusive license, and has not been substantially modified. 2010 tax tables federal (The cost of some computer software is treated as part of the cost of hardware and is depreciated under MACRS. 2010 tax tables federal ) Qualified leasehold improvement property. 2010 tax tables federal Nonresidential real property and residential rental property. 2010 tax tables federal   For more information on this property, see Publication 946. 2010 tax tables federal Other tests to be met. 2010 tax tables federal   To be qualified GO Zone property, the property must also meet all of the following tests. 2010 tax tables federal You must have acquired the property, by purchase, after August 27, 2005, but only if no binding written contract for the acquisition was in effect before August 28, 2005. 2010 tax tables federal The property must be placed in service before 2008 (2009 in the case of nonresidential real property and residential rental property). 2010 tax tables federal Substantially all of the use of the property must be in the GO Zone and in the active conduct of your trade or business in the GO Zone. 2010 tax tables federal The original use of the property in the GO Zone must begin with you after August 27, 2005. 2010 tax tables federal Used property can be qualified GO Zone property if it has not previously been used within the GO Zone. 2010 tax tables federal Also, additional capital expenditures you incurred after August 27, 2005, to recondition or rebuild your property meet the original use test if the original use of the property in the GO Zone began with you. 2010 tax tables federal Excepted property. 2010 tax tables federal   Qualified GO Zone property does not include any of the following. 2010 tax tables federal Property required to be depreciated using the Alternative Depreciation System (ADS). 2010 tax tables federal Property any portion of which is financed with the proceeds of a tax-exempt obligation under section 103. 2010 tax tables federal Property for which you are claiming a commercial revitalization deduction. 2010 tax tables federal Any property used in connection with any private or commercial golf course, country club, massage parlor, hot tub facility, suntan facility, or any store, the principal business of which is the sale of alcoholic beverages for consumption off premises. 2010 tax tables federal Any gambling or animal racing property (as defined below). 2010 tax tables federal Property in the same class as that for which you elected not to claim the special GO Zone depreciation allowance. 2010 tax tables federal   Gambling or animal racing property is: Any equipment, furniture, software, or other property used directly in connection with gambling, the racing of animals, or the on-site viewing of such racing, and The portion of any real property (determined by square footage) that is dedicated to gambling, the racing of animals, or the on-site viewing of such racing, unless this portion is less than 100 square feet. 2010 tax tables federal Recapture of special allowance. 2010 tax tables federal   If, in any year after the year you claim the special allowance, the property ceases to be qualified GO Zone property, you may have to recapture as ordinary income any excess benefit you received from claiming the special allowance. 2010 tax tables federal Increased Section 179 Deduction An increased section 179 deduction is allowable for qualified section 179 Gulf Opportunity (GO) Zone property (as defined later) placed in service in the GO Zone. 2010 tax tables federal Increased dollar limit. 2010 tax tables federal   The limit on the section 179 deduction ($105,000 for 2005, $108,000 for 2006) for qualified section 179 GO Zone property acquired after August 27, 2005, is increased by the smaller of: $100,000, or The cost of qualified section 179 GO Zone property placed in service during the year (including such property placed in service by your spouse, even if you are filing a separate return). 2010 tax tables federal   The amount for which you can make the election is reduced if the cost of all qualified section 179 GO Zone property you placed in service during the year exceeds $420,000 for 2005 ($430,000 for 2006) increased by the smaller of: $600,000, or The cost of qualified section 179 GO Zone property placed in service during the year. 2010 tax tables federal Qualified section 179 GO Zone property. 2010 tax tables federal   Qualified section 179 GO Zone property is section 179 property that is qualified GO Zone property (explained earlier under Special Depreciation Allowance). 2010 tax tables federal Section 179 property does not include nonresidential real property or residential rental property. 2010 tax tables federal For more information, including the requirements that must be met for property to qualify for the section 179 deduction, see chapter 2 of Publication 946. 2010 tax tables federal Work Opportunity Credit For the work opportunity credit, the definition of “targeted group employee” has been expanded to include a Hurricane Katrina employee. 2010 tax tables federal Hurricane Katrina employee. 2010 tax tables federal   A Hurricane Katrina employee is: A person who, on August 28, 2005, had a main home in the core disaster area and, within a two-year period beginning on that date, is hired to perform services principally in the core disaster area; or A person who, on August 28, 2005, had a main home in the core disaster area, was displaced from that main home as a result of Hurricane Katrina, and was hired during the period beginning on August 28, 2005, and ending on December 31, 2005. 2010 tax tables federal Qualified wages. 2010 tax tables federal   Generally, qualified wages do not include wages you paid to a targeted group employee who worked for you previously. 2010 tax tables federal However, wages will qualify if: You paid them to an employee who is a Hurricane Katrina employee, The employee was not in your employment on August 28, 2005, and This is your first hire of the employee as a Hurricane Katrina employee after August 28, 2005. 2010 tax tables federal   For more information, see Form 5884. 2010 tax tables federal Certification requirements. 2010 tax tables federal   An employee must provide to the employer reasonable evidence that he or she is a Hurricane Katrina employee. 2010 tax tables federal An employer may accept a completed Form 8850, Pre-Screening Notice and Certification Request for the Work Opportunity and Welfare-to-Work Credits, as such evidence. 2010 tax tables federal The certification requirements described in Form 8850 do not apply to a Hurricane Katrina employee. 2010 tax tables federal Do not send any Forms 8850 that have only box 1 checked to the state employment security agency. 2010 tax tables federal Instead, the employer should keep these Forms 8850 with the employer's other records. 2010 tax tables federal For more information, see Form 8850 and its instructions. 2010 tax tables federal Employee Retention Credit An eligible employer who conducted an active trade or business in the Gulf Opportunity (GO) Zone, the Rita GO Zone, or the Wilma GO Zone can claim the employee retention credit. 2010 tax tables federal The credit is 40% of qualified wages for each eligible employee (up to a maximum of $6,000 in qualified wages per employee). 2010 tax tables federal Generally, you must reduce your deduction for salaries and wages by the amount of this credit (before the tax liability limit). 2010 tax tables federal Use Form 5884-A to claim the credit. 2010 tax tables federal See the following rules and definitions for each hurricane. 2010 tax tables federal Employers affected by Hurricane Katrina. 2010 tax tables federal   The following definitions apply to employers affected by Hurricane Katrina. 2010 tax tables federal Eligible employer. 2010 tax tables federal   For this purpose, an eligible employer is any employer who conducted an active trade or business on August 28, 2005, in the GO Zone and whose trade or business was inoperable on any day after August 28, 2005, and before January 1, 2006, because of damage caused by Hurricane Katrina. 2010 tax tables federal Eligible employee. 2010 tax tables federal   For this purpose, an eligible employee is an employee whose principal place of employment on August 28, 2005, with such eligible employer was in the GO Zone. 2010 tax tables federal An employee is not an eligible employee for purposes of Hurricane Katrina if the employee is treated as an eligible employee for the work opportunity credit. 2010 tax tables federal Employers affected by Hurricane Rita. 2010 tax tables federal   The following definitions apply to employers affected by Hurricane Rita. 2010 tax tables federal Eligible employer. 2010 tax tables federal   For this purpose, an eligible employer is any employer who conducted an active trade or business on September 23, 2005, in the Rita GO Zone and whose trade or business was inoperable on any day after September 23, 2005, and before January 1, 2006, because of damage caused by Hurricane Rita. 2010 tax tables federal Eligible employee. 2010 tax tables federal   For this purpose, an eligible employee is an employee whose principal place of employment on September 23, 2005, with such eligible employer was in the Rita GO Zone. 2010 tax tables federal An employee is not an eligible employee for purposes of Hurricane Rita if the employee is treated as an eligible employee for the work opportunity credit or the Hurricane Katrina employee retention credit. 2010 tax tables federal Employers affected by Hurricane Wilma. 2010 tax tables federal   The following definitions apply to employers affected by Hurricane Wilma. 2010 tax tables federal Eligible employer. 2010 tax tables federal   For this purpose, an eligible employer is any employer who conducted an active trade or business on October 23, 2005, in the Wilma GO Zone and whose trade or business was inoperable on any day after October 23, 2005, and before January 1, 2006, because of damage caused by Hurricane Wilma. 2010 tax tables federal Eligible employee. 2010 tax tables federal   For this purpose, an eligible employee is an employee whose principal place of employment on October 23, 2005, with such eligible employer was in the Wilma GO Zone. 2010 tax tables federal An employee is not an eligible employee for purposes of Hurricane Wilma if the employee is treated as an eligible employee for the work opportunity credit or the Hurricane Katrina or Rita employee retention credit. 2010 tax tables federal Qualified wages. 2010 tax tables federal   Qualified wages are wages you paid or incurred before January 1, 2006, (up to $6,000 per employee) for an eligible employee beginning on the date your trade or business first became inoperable at the employee's principal place of employment immediately before the applicable hurricane, and ending on the date your trade or business resumed significant operations at that place. 2010 tax tables federal In addition, the wages must have been paid or incurred after the following date. 2010 tax tables federal August 28, 2005, for Hurricane Katrina. 2010 tax tables federal September 23, 2005, for Hurricane Rita. 2010 tax tables federal October 23, 2005, for Hurricane Wilma. 2010 tax tables federal    This includes wages paid even if the employee performed no services, performed services at a place of employment other than the principal place of employment, or performed services at the principal place of employment before significant operations resumed. 2010 tax tables federal    Wages qualifying for the credit generally have the same meaning as wages subject to the Federal Unemployment Tax Act (FUTA). 2010 tax tables federal Qualified wages also include amounts you paid for medical or hospitalization expenses in connection with sickness or accident disability. 2010 tax tables federal Qualified wages for any employee must be reduced by the amount of any work supplementation payment you received under the Social Security Act. 2010 tax tables federal   For agricultural employees, if the work performed by any employee during more than half of any pay period qualified under FUTA as agricultural labor, that employee's wages subject to social security and Medicare taxes are qualified wages. 2010 tax tables federal For a special rule that applies to railroad employees, see section 51(h)(1)(B). 2010 tax tables federal   Qualified wages do not include the following. 2010 tax tables federal Wages paid to your dependent or a related individual. 2010 tax tables federal See section 51(i)(1). 2010 tax tables federal Wages paid to any employee during the period for which you received payment for the employee from a federally funded on-the-job training program. 2010 tax tables federal Wages for services of replacement workers during a strike or lockout. 2010 tax tables federal   For more information, see Form 5884-A. 2010 tax tables federal Hurricane Katrina Housing Credit An employer who conducted an active trade or business in the Gulf Opportunity (GO) Zone can claim the Hurricane Katrina housing credit. 2010 tax tables federal The credit is equal to 30% of the value (up to $600 per month per employee) of in-kind lodging furnished to a qualified employee (and the employee's spouse or dependents) from January 1, 2006, through July 1, 2006. 2010 tax tables federal The value of the lodging is excluded from the income of the qualified employee but is treated as wages for purposes of taxes imposed under the Federal Insurance Contributions Act (FICA) and the Federal Unemployment Tax Act (FUTA). 2010 tax tables federal Generally, you must reduce your deduction for salaries and wages by the amount of this credit (before the tax liability limit). 2010 tax tables federal The employer must use Form 5884-A to claim the credit. 2010 tax tables federal A qualified employee is an individual who had a main home in the GO Zone on August 28, 2005, and who performs substantially all employment services in the GO Zone for the employer furnishing the lodging. 2010 tax tables federal The employee cannot be your dependent or a related individual. 2010 tax tables federal See section 51(i)(1). 2010 tax tables federal For more information, see Form 5884-A. 2010 tax tables federal Reforestation Costs You may be able to elect to deduct a limited amount of reforestation costs for each qualified timber property. 2010 tax tables federal The deduction for any tax year generally is limited to $10,000 ($5,000 if married filing separately, $0 for a trust). 2010 tax tables federal However, this limit is increased if you paid or incurred reforestation costs after the applicable date below and any portion of the qualified timber property is located in one of the following areas. 2010 tax tables federal August 27, 2005, if any portion of the property is located in the GO Zone. 2010 tax tables federal September 22, 2005, if any portion of the property is located in the Rita GO Zone (but not in the GO Zone). 2010 tax tables federal October 22, 2005, if any portion of the property is located in the Wilma GO Zone. 2010 tax tables federal The limit for each qualified timber property is increased by the smaller of: $10,000 ($5,000 if married filing separately, $0 for a trust), or The amount of reforestation costs you paid or incurred after the applicable date for the qualified timber property, any portion of which is located in the zone described above. 2010 tax tables federal The increase in the limit applies only to costs paid or incurred before 2008. 2010 tax tables federal However, these rules do not apply to any timber producer who: Held more than 500 acres of qualified timber property at any time during the tax year, Is a corporation with stock publicly traded on an established securities market, or Is a real estate investment trust. 2010 tax tables federal For more information about the election to deduct reforestation costs, see chapter 8 in Publication 535, Business Expenses. 2010 tax tables federal Demolition and Clean-up Costs You can elect to deduct 50% of any qualified GO Zone clean-up costs for the tax year in which the costs are paid or incurred, instead of capitalizing them. 2010 tax tables federal Qualified GO Zone clean-up costs are any amounts paid or incurred after August 27, 2005, and before January 1, 2008, for the removal of debris from, or the demolition of structures on, real property located in the GO Zone that is: Held by you for use in a trade or business or for the production of income, or Inventory or other property held primarily for sale to customers in the ordinary course of your trade or business. 2010 tax tables federal Increase in Rehabilitation Tax Credit The rehabilitation credit is increased for qualified rehabilitation expenditures paid or incurred after August 27, 2005, and before January 1, 2009, on buildings located in the GO Zone as follows. 2010 tax tables federal For pre-1936 buildings (other than certified historic structures), the credit percentage is increased from 10% to 13%. 2010 tax tables federal For certified historic structures, the credit percentage is increased from 20% to 26%. 2010 tax tables federal For more information, see Form 3468, Investment Credit. 2010 tax tables federal Request for Copy or Transcript of Tax Return Request for copy of tax return. 2010 tax tables federal   You can use Form 4506 to order a copy of your tax return. 2010 tax tables federal Generally, there is a $39. 2010 tax tables federal 00 fee for requesting each copy of a tax return. 2010 tax tables federal If your main home, principal place of business, or tax records are located in a Presidentially declared disaster area, the fee will be waived if the assigned disaster designation (for example, “Hurricane Katrina”) is written in red across the top of the form when filed. 2010 tax tables federal Request for transcript of tax return. 2010 tax tables federal   You can use Form 4506-T to order a free transcript of your tax return. 2010 tax tables federal A transcript provides most of the line entries from a tax return and usually contains the information that a third party requires. 2010 tax tables federal You can also call 1-800-829-1040 to order a transcript. 2010 tax tables federal How To Get Tax Help Special IRS assistance. 2010 tax tables federal   The IRS is providing special help for those affected by Hurricane Katrina, Rita, or Wilma, as well as survivors and personal representatives of the victims. 2010 tax tables federal We have set up a special toll-free number for people who may have trouble filing or paying their taxes because they were affected by Hurricane Katrina, Rita, or Wilma, or who have other tax issues related to the hurricanes. 2010 tax tables federal Call 1-866-562-5227 Monday through Friday In English-7 a. 2010 tax tables federal m. 2010 tax tables federal to 10 p. 2010 tax tables federal m. 2010 tax tables federal local time In Spanish-8 a. 2010 tax tables federal m. 2010 tax tables federal to 9:30 p. 2010 tax tables federal m. 2010 tax tables federal local time   The IRS website at www. 2010 tax tables federal irs. 2010 tax tables federal gov has notices and other tax relief information. 2010 tax tables federal Check it periodically for any new guidance. 2010 tax tables federal Other help from the IRS. 2010 tax tables federal   You can get help with unresolved tax issues, order free publications and forms, ask tax questions, and get more information from the IRS in several ways. 2010 tax tables federal By selecting the method that is best for you, you will have quick and easy access to tax help. 2010 tax tables federal Contacting your Taxpayer Advocate. 2010 tax tables federal   If you have attempted to deal with an IRS problem unsuccessfully, you should contact your Taxpayer Advocate. 2010 tax tables federal   The Taxpayer Advocate independently represents your interests and concerns within the IRS by protecting your rights and resolving problems that have not been fixed through normal channels. 2010 tax tables federal While Taxpayer Advocates cannot change the tax law or make a technical tax decision, they can clear up problems that resulted from previous contacts and ensure that your case is given a complete and impartial review. 2010 tax tables federal   To contact your Taxpayer Advocate: Call the Taxpayer Advocate toll free at 1-877-777-4778. 2010 tax tables federal Call, write, or fax the Taxpayer Advocate office in your area. 2010 tax tables federal Call 1-800-829-4059 if you are a TTY/TDD user. 2010 tax tables federal Visit www. 2010 tax tables federal irs. 2010 tax tables federal gov/advocate. 2010 tax tables federal   For more information, see Publication 1546, How To Get Help With Unresolved Tax Problems (now available in Chinese, Korean, Russian, and Vietnamese, in addition to English and Spanish). 2010 tax tables federal Free tax services. 2010 tax tables federal   To find out what services are available, get Publication 910, IRS Guide to Free Tax Services. 2010 tax tables federal It contains a list of free tax publications and an index of tax topics. 2010 tax tables federal It also describes other free tax information services, including tax education and assistance programs and a list of TeleTax topics. 2010 tax tables federal Internet. 2010 tax tables federal You can access the IRS website 24 hours a day, 7 days a week, at www. 2010 tax tables federal irs. 2010 tax tables federal gov to: E-file your return. 2010 tax tables federal Find out about commercial tax preparation and e-file services available free to eligible taxpayers. 2010 tax tables federal Check the status of your refund. 2010 tax tables federal Click on Where's My Refund. 2010 tax tables federal Be sure to wait at least 6 weeks from the date you filed your return (3 weeks if you filed electronically). 2010 tax tables federal Have your tax return available because you will need to know your social security number, your filing status, and the exact whole dollar amount of your refund. 2010 tax tables federal Download forms, instructions, and publications. 2010 tax tables federal Order IRS products online. 2010 tax tables federal Research your tax questions online. 2010 tax tables federal Search publications online by topic or keyword. 2010 tax tables federal View Internal Revenue Bulletins (IRBs) published in the last few years. 2010 tax tables federal Figure your withholdin