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2013 Tax Forms 1040ez

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2013 Tax Forms 1040ez

2013 tax forms 1040ez Publication 4681 - Introductory Material Table of Contents Reminder IntroductionOrdering forms and publications. 2013 tax forms 1040ez Tax questions. 2013 tax forms 1040ez Useful Items - You may want to see: Common Situations Covered In This Publication Reminder Future Developments. 2013 tax forms 1040ez  Information about any future developments affecting Publication 4681 (such as legislation enacted after we release it) will be posted at www. 2013 tax forms 1040ez irs. 2013 tax forms 1040ez gov/pub4681. 2013 tax forms 1040ez Photographs of missing children. 2013 tax forms 1040ez   The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. 2013 tax forms 1040ez Photographs of missing children selected by the Center may appear in this publication on pages that otherwise would be blank. 2013 tax forms 1040ez You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. 2013 tax forms 1040ez Introduction This publication explains the federal tax treatment of canceled debts, foreclosures, repossessions, and abandonments. 2013 tax forms 1040ez Generally, if you owe a debt to someone else and they cancel or forgive that debt for less than its full amount, you are treated for income tax purposes as having income and may have to pay tax on this income. 2013 tax forms 1040ez Note. 2013 tax forms 1040ez This publication generally refers to debt that is canceled, forgiven, or discharged for less than the full amount of the debt as “canceled debt. 2013 tax forms 1040ez ” Sometimes a debt, or part of a debt, that you do not have to pay is not considered canceled debt. 2013 tax forms 1040ez These exceptions are discussed later under Exceptions . 2013 tax forms 1040ez Sometimes a canceled debt may be excluded from your income. 2013 tax forms 1040ez But if you do exclude canceled debt from income, you may be required to reduce your “tax attributes. 2013 tax forms 1040ez ” These exclusions and the reduction of tax attributes associated with them are discussed later under Exclusions . 2013 tax forms 1040ez Foreclosure and repossession are remedies that your lender may exercise if you fail to make payments on your loan and you have previously granted that lender a mortgage or other security interest in some of your property. 2013 tax forms 1040ez These remedies allow the lender to seize or sell the property securing the loan. 2013 tax forms 1040ez When your property is foreclosed upon or repossessed and sold, you are treated as having sold the property and you may recognize taxable gain. 2013 tax forms 1040ez Whether you also recognize income from canceled debt depends in part on whether you are personally liable for the debt and in part on whether the outstanding loan balance is more than the fair market value (FMV) of the property. 2013 tax forms 1040ez Figuring your gain or loss and income from canceled debt arising from a foreclosure or repossession is discussed later under Foreclosures and Repossessions . 2013 tax forms 1040ez Generally, you abandon property when you voluntarily and permanently give up possession and use of property you own with the intention of ending your ownership but without passing it on to anyone else. 2013 tax forms 1040ez Figuring your gain or loss and income from canceled debt arising from an abandonment is discussed later under Abandonments . 2013 tax forms 1040ez This publication also includes detailed examples with filled-in forms. 2013 tax forms 1040ez Comments and suggestions. 2013 tax forms 1040ez    We welcome your comments about this publication and your suggestions for future editions. 2013 tax forms 1040ez   You can write to us at the following address: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. 2013 tax forms 1040ez NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. 2013 tax forms 1040ez Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. 2013 tax forms 1040ez   You can send your comments from www. 2013 tax forms 1040ez irs. 2013 tax forms 1040ez gov/formspubs. 2013 tax forms 1040ez Click on “More Information” and then on “Comment on Tax Forms and Publications”. 2013 tax forms 1040ez   Although we cannot respond individually to each comment received, we do appreciate your feedback and will consider your comments as we revise our tax products. 2013 tax forms 1040ez Ordering forms and publications. 2013 tax forms 1040ez    Visit www. 2013 tax forms 1040ez irs. 2013 tax forms 1040ez gov/formspubs to download forms and publications, call 1-800-TAX-FORM (1-800-829-3676), or write to the address below and receive a response within 10 days after your request is received. 2013 tax forms 1040ez Internal Revenue Service 1201 N. 2013 tax forms 1040ez Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. 2013 tax forms 1040ez    If you have a tax question, check the information available on IRS. 2013 tax forms 1040ez gov or call 1-800-829-1040. 2013 tax forms 1040ez We cannot answer tax questions sent to either of the above addresses. 2013 tax forms 1040ez Useful Items - You may want to see: Publication 225 Farmer's Tax Guide 334 Tax Guide for Small Business (For Individuals Who Use Schedule C or C-EZ) 523 Selling Your Home 525 Taxable and Nontaxable Income 536 Net Operating Losses (NOLs) for Individuals, Estates, and Trusts 542 Corporations 544 Sales and Other Dispositions of Assets 551 Basis of Assets 908 Bankruptcy Tax Guide Form (and Instructions) 982 Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis Adjustment) 1099-C Cancellation of Debt 1099-DIV Dividends and Distributions 3800 General Business Credit Common Situations Covered In This Publication The sections of this publication that apply to you depend on the type of debt canceled, the tax attributes you have, and whether or not you continue to own the property that was subject to the debt. 2013 tax forms 1040ez Some examples of common circumstances are provided in the following paragraphs to help guide you through this publication. 2013 tax forms 1040ez These examples do not cover every situation but are intended to provide general guidance for the most common situations. 2013 tax forms 1040ez Nonbusiness credit card debt cancellation. 2013 tax forms 1040ez    If you had a nonbusiness credit card debt canceled, you may be able to exclude the canceled debt from income if the cancellation occurred in a title 11 bankruptcy case or you were insolvent immediately before the cancellation. 2013 tax forms 1040ez You should read Bankruptcy or Insolvency under Exclusions in chapter 1 to see if you can exclude the canceled debt from income under one of those provisions. 2013 tax forms 1040ez If you can exclude part or all of the canceled debt from income, you should also read Bankruptcy and Insolvency under Reduction of Tax Attributes in chapter 1. 2013 tax forms 1040ez Personal vehicle repossession. 2013 tax forms 1040ez    If you had a personal vehicle repossessed and disposed of by the lender during the year, you will need to determine your gain or nondeductible loss on the disposition. 2013 tax forms 1040ez This is explained in chapter 2 . 2013 tax forms 1040ez If the lender also canceled all or part of the remaining amount of the loan, you may be able to exclude the canceled debt from income if the cancellation occurred in a title 11 bankruptcy case or you were insolvent immediately before the cancellation. 2013 tax forms 1040ez You should read Bankruptcy or Insolvency under Exclusions in chapter 1 to see if you can exclude the canceled debt from income under one of those provisions. 2013 tax forms 1040ez If you can exclude part or all of the canceled debt from income, you should also read Bankruptcy and Insolvency under Reduction of Tax Attributes in chapter 1. 2013 tax forms 1040ez Main home foreclosure or abandonment. 2013 tax forms 1040ez    If a lender foreclosed on your main home during the year, you will need to determine your gain or loss on the foreclosure. 2013 tax forms 1040ez Foreclosures are explained in chapter 2 and abandonments are explained in chapter 3. 2013 tax forms 1040ez If the lender also canceled all or part of the remaining amount on the mortgage loan and you were personally liable for the debt, you should also read Qualified Principal Residence Indebtedness under Exclusions in chapter 1 to see if you can exclude part or all of the canceled debt from income. 2013 tax forms 1040ez Detailed Example 2 and Example 3 in chapter 4 use filled-in forms to help explain these provisions. 2013 tax forms 1040ez Main home loan modification (workout agreement). 2013 tax forms 1040ez    If a lender agrees to a mortgage loan modification (a “workout”) that includes a reduction in the principal balance of the loan, you should read Qualified Principal Residence Indebtedness under Exclusions in chapter 1 to see if you can exclude part or all of the canceled debt from income. 2013 tax forms 1040ez If you can exclude part or all of the canceled debt from income, you should also read Qualified Principal Residence Indebtedness under Reduction of Tax Attributes in chapter 1. 2013 tax forms 1040ez Detailed Example 1 in chapter 4 uses filled-in forms to help explain the tax implications of a mortgage workout scenario. 2013 tax forms 1040ez Prev  Up  Next   Home   More Online Publications
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The 2013 Tax Forms 1040ez

2013 tax forms 1040ez 4. 2013 tax forms 1040ez   Limit on Elective Deferrals Table of Contents Excess elective deferrals. 2013 tax forms 1040ez General Limit 15-Year RuleYears of Service Figuring the Limit on Elective DeferralsExample The second and final component of MAC is the limit on elective deferrals. 2013 tax forms 1040ez This is a limit on the amount of contributions that can be made to your account through a salary reduction agreement. 2013 tax forms 1040ez A salary reduction agreement is an agreement between you and your employer that allows for a portion of your compensation to be directly invested in a 403(b) account on your behalf. 2013 tax forms 1040ez You can enter into more than one salary reduction agreement during a year. 2013 tax forms 1040ez More than one 403(b) account. 2013 tax forms 1040ez If, for any year, elective deferrals are contributed to more than one 403(b) account for you (whether or not with the same employer), you must combine all the elective deferrals to determine whether the total is more than the limit for that year. 2013 tax forms 1040ez 403(b) plan and another retirement plan. 2013 tax forms 1040ez If, during the year, contributions in the form of elective deferrals are made to other retirement plans on your behalf, you must combine all of the elective deferrals to determine if they are more than your limit on elective deferrals. 2013 tax forms 1040ez The limit on elective deferrals applies to amounts contributed to: 401(k) plans, to the extent excluded from income, Roth contribution programs, Section 501(c)(18) plans, to the extent excluded from income, Savings incentive match plan for employees (SIMPLE plans), Simplified employee pension (SEP) plans, and All 403(b) plans. 2013 tax forms 1040ez Roth contribution program. 2013 tax forms 1040ez   Your 403(b) plan may allow you to designate all or a portion of your elective deferrals as Roth contributions. 2013 tax forms 1040ez Elective deferrals designated as Roth contributions must be maintained in a separate Roth account and are not excludable from your gross income. 2013 tax forms 1040ez   The maximum amount of contributions allowed under a Roth contribution program is your limit on elective deferrals, less your elective deferrals not designated as Roth contributions. 2013 tax forms 1040ez For more information on the Roth contribution program, see Publication 560, Retirement Plans for Small Business. 2013 tax forms 1040ez Excess elective deferrals. 2013 tax forms 1040ez   If the amount contributed is more than the allowable limit, you must include the excess that is not a Roth contribution in your gross income for the year contributed. 2013 tax forms 1040ez General Limit Under the general limit on elective deferrals, the most that can be contributed to your 403(b) account through a salary reduction agreement is $17,500 for 2013 and 2014. 2013 tax forms 1040ez This limit applies without regard to community property laws. 2013 tax forms 1040ez 15-Year Rule If you have at least 15 years of service with an educational organization (such as a public or private school), hospital, home health service agency, health and welfare service agency, church, or convention or association of churches (or associated organization), the limit on elective deferrals to your 403(b) account is increased by the least of: $3,000, $15,000, reduced by the sum of: The additional pre-tax elective deferrals made in prior years because of this rule, plus The aggregate amount of designated Roth contributions permitted for prior years because of this rule, or $5,000 times the number of your years of service for the organization, minus the total elective deferrals made by your employer on your behalf for earlier years. 2013 tax forms 1040ez If you qualify for the 15-year rule, your elective deferrals under this limit can be as high as $20,500 for 2013 and 2014. 2013 tax forms 1040ez To determine whether you have 15 years of service with your employer, see Years of Service , next. 2013 tax forms 1040ez Years of Service To determine if you are eligible for the increased limit on elective deferrals, you will first need to figure your years of service. 2013 tax forms 1040ez How you figure your years of service depends on whether you were a full-time or a part-time employee, whether you worked for the full year or only part of the year, and whether you have worked for your employer for an entire year. 2013 tax forms 1040ez You must figure years of service for each year during which you worked for the employer who is maintaining your 403(b) account. 2013 tax forms 1040ez If more than one employer maintains a 403(b) account for you in the same year, you must figure years of service separately for each employer. 2013 tax forms 1040ez Definition Your years of service are the total number of years you have worked as a full time employee for the employer maintaining your 403(b) account as of the end of the year. 2013 tax forms 1040ez Figuring Your Years of Service Take the following rules into account when figuring your years of service. 2013 tax forms 1040ez Status of employer. 2013 tax forms 1040ez   Your years of service include only periods during which your employer was a qualified employer. 2013 tax forms 1040ez Your plan administrator can tell you whether or not your employer was qualified during all your periods of service. 2013 tax forms 1040ez Service with one employer. 2013 tax forms 1040ez   Generally, you cannot count service for any employer other than the one who maintains your 403(b) account. 2013 tax forms 1040ez Church employee. 2013 tax forms 1040ez   If you are a church employee, treat all of your years of service with related church organizations as years of service with the same employer. 2013 tax forms 1040ez For more information about church employees, see chapter 5. 2013 tax forms 1040ez Self-employed ministers. 2013 tax forms 1040ez   If you are a self-employed minister, your years of service include full and part years in which you have been treated as employed by a tax-exempt organization that is a qualified employer. 2013 tax forms 1040ez Total years of service. 2013 tax forms 1040ez   When figuring prior years of service, figure each year individually and then add the individual years of service to determine your total years of service. 2013 tax forms 1040ez Example. 2013 tax forms 1040ez The annual work period for full-time teachers employed by ABC Public Schools is September through December and February through May. 2013 tax forms 1040ez Marsha began working with ABC schools in September 2009. 2013 tax forms 1040ez She has always worked full-time for each annual work period. 2013 tax forms 1040ez At the end of 2013, Marsha had 4. 2013 tax forms 1040ez 5 years of service with ABC Public Schools, as shown in Table 4-1. 2013 tax forms 1040ez Table 4-1. 2013 tax forms 1040ez Marsha's Years of Service Note. 2013 tax forms 1040ez This table shows how Marsha figures her years of service, as explained in the previous example. 2013 tax forms 1040ez Year Period Worked Portion of Work Period Years of Service 2009 Sept. 2013 tax forms 1040ez –Dec. 2013 tax forms 1040ez . 2013 tax forms 1040ez 5 year . 2013 tax forms 1040ez 5 year 2010 Feb. 2013 tax forms 1040ez –May . 2013 tax forms 1040ez 5 year 1 year Sept. 2013 tax forms 1040ez –Dec. 2013 tax forms 1040ez . 2013 tax forms 1040ez 5 year 2011 Feb. 2013 tax forms 1040ez –May . 2013 tax forms 1040ez 5 year 1 year Sept. 2013 tax forms 1040ez –Dec. 2013 tax forms 1040ez . 2013 tax forms 1040ez 5 year 2012 Feb. 2013 tax forms 1040ez –May . 2013 tax forms 1040ez 5 year 1 year Sept. 2013 tax forms 1040ez –Dec. 2013 tax forms 1040ez . 2013 tax forms 1040ez 5 year 2013 Feb. 2013 tax forms 1040ez –May . 2013 tax forms 1040ez 5 year 1 year Sept. 2013 tax forms 1040ez –Dec. 2013 tax forms 1040ez . 2013 tax forms 1040ez 5 year Total years of service 4. 2013 tax forms 1040ez 5 years Full-time or part-time. 2013 tax forms 1040ez   To figure your years of service, you must analyze each year individually and determine whether you worked full-time for the full year or something other than full-time. 2013 tax forms 1040ez When determining whether you worked full-time or something other than full-time, use your employer's annual work period as the standard. 2013 tax forms 1040ez Employer's annual work period. 2013 tax forms 1040ez   Your employer's annual work period is the usual amount of time an individual working full-time in a specific position is required to work. 2013 tax forms 1040ez Generally, this period of time is expressed in days, weeks, months, or semesters, and can span 2 calendar years. 2013 tax forms 1040ez Note. 2013 tax forms 1040ez You cannot accumulate more than 1 year of service in a 12-month period. 2013 tax forms 1040ez Example. 2013 tax forms 1040ez All full-time teachers at ABC Public Schools are required to work both the September through December semester and the February through May semester. 2013 tax forms 1040ez Therefore, the annual work period for full-time teachers employed by ABC Public Schools is September through December and February through May. 2013 tax forms 1040ez Teachers at ABC Public Schools who work both semesters in the same calendar year are considered working a full year of service in that calendar year. 2013 tax forms 1040ez Full-Time Employee for the Full Year Count each full year during which you were employed full-time as 1 year of service. 2013 tax forms 1040ez In determining whether you were employed full-time, compare the amount of work you were required to perform with the amount of work normally required of others who held the same position with the same employer and who generally received most of their pay from the position. 2013 tax forms 1040ez How to compare. 2013 tax forms 1040ez   You can use any method that reasonably and accurately reflects the amount of work required. 2013 tax forms 1040ez For example, if you are a teacher, you can use the number of hours of classroom instruction as a measure of the amount of work required. 2013 tax forms 1040ez   In determining whether positions with the same employer are the same, consider all of the facts and circumstances concerning the positions, including the work performed, the methods by which pay is determined, and the descriptions (or titles) of the positions. 2013 tax forms 1040ez Example. 2013 tax forms 1040ez An assistant professor employed in the English department of a university will be considered a full-time employee if the amount of work that he or she is required to perform is the same as the amount of work normally required of assistant professors of English at that university who get most of their pay from that position. 2013 tax forms 1040ez   If no one else works for your employer in the same position, compare your work with the work normally required of others who held the same position with similar employers or similar positions with your employer. 2013 tax forms 1040ez Full year of service. 2013 tax forms 1040ez   A full year of service for a particular position means the usual annual work period of anyone employed full-time in that general type of work at that place of employment. 2013 tax forms 1040ez Example. 2013 tax forms 1040ez If a doctor works for a hospital 12 months of a year except for a 1-month vacation, the doctor will be considered as employed for a full year if the other doctors at that hospital also work 11 months of the year with a 1-month vacation. 2013 tax forms 1040ez Similarly, if the usual annual work period at a university consists of the fall and spring semesters, an instructor at that university who teaches these semesters will be considered as working a full year. 2013 tax forms 1040ez Other Than Full-Time for the Full Year If, during any year, you were employed full-time for only part of your employer's annual work period, part-time for the entire annual work period, or part-time for only part of the work period, your year of service for that year is a fraction of your employer's annual work period. 2013 tax forms 1040ez Full-time for part of the year. 2013 tax forms 1040ez   If, during a year, you were employed full-time for only part of your employer's annual work period, figure the fraction for that year as follows: The numerator (top number) is the number of weeks, months, or semesters you were a full-time employee. 2013 tax forms 1040ez The denominator (bottom number) is the number of weeks, months, or semesters considered the normal annual work period for the position. 2013 tax forms 1040ez Example. 2013 tax forms 1040ez Jason was employed as a full-time instructor by a local college for the 4 months of the 2013 spring semester (February 2013 through May 2013). 2013 tax forms 1040ez The annual work period for the college is 8 months (February through May and July through October). 2013 tax forms 1040ez Given these facts, Jason was employed full-time for part of the annual work period and provided ½ of a year of service. 2013 tax forms 1040ez Jason's years of service computation for 2013 is as follows: Number of months Jason worked = 4 = 1 Number of months in annual work period 8 2 Part-time for the full year. 2013 tax forms 1040ez   If, during a year, you were employed part-time for the employer's entire annual work period, you figure the fraction for that year as follows: The numerator (top number) is the number of hours or days you worked. 2013 tax forms 1040ez The denominator (bottom number) is the number of hours or days normally required of someone holding the same position who works full-time. 2013 tax forms 1040ez Example. 2013 tax forms 1040ez Vance teaches one course at a local medical school. 2013 tax forms 1040ez He teaches 3 hours per week for two semesters. 2013 tax forms 1040ez Other faculty members at the same school teach 9 hours per week for two semesters. 2013 tax forms 1040ez The annual work period of the medical school is two semesters. 2013 tax forms 1040ez An instructor teaching 9 hours a week for two semesters is considered a full-time employee. 2013 tax forms 1040ez Given these facts, Vance has worked part-time for a full annual work period. 2013 tax forms 1040ez Vance has completed 1/3 of a year of service, figured as shown below. 2013 tax forms 1040ez Number of hours per week Vance worked = 3 = 1 Number of hours per week considered full-time 9 3 Part-time for part of the year. 2013 tax forms 1040ez   If, during any year, you were employed part-time for only part of your employer's annual work period, you figure your fraction for that year by multiplying two fractions. 2013 tax forms 1040ez   Figure the first fraction as though you had worked full-time for part of the annual work period. 2013 tax forms 1040ez The fraction is as follows: The numerator (top number) is the number of weeks, months, or semesters you were a full-time employee. 2013 tax forms 1040ez The denominator (bottom number) is the number of weeks, months, or semesters considered the normal annual work period for the position. 2013 tax forms 1040ez   Figure the second fraction as though you had worked part-time for the entire annual work period. 2013 tax forms 1040ez The fraction is as follows: The numerator (top number) is the number of hours or days you worked. 2013 tax forms 1040ez The denominator (bottom number) is the number of hours or days normally required of someone holding the same position who works full-time. 2013 tax forms 1040ez   Once you have figured these two fractions, multiply them together to determine the fraction representing your partial year of service for the year. 2013 tax forms 1040ez Example. 2013 tax forms 1040ez Maria, an attorney, teaches a course for one semester at a law school. 2013 tax forms 1040ez She teaches 3 hours per week. 2013 tax forms 1040ez The annual work period for teachers at the school is two semesters. 2013 tax forms 1040ez All full-time instructors at the school are required to teach 12 hours per week. 2013 tax forms 1040ez Based on these facts, Maria is employed part-time for part of the annual work period. 2013 tax forms 1040ez Her year of service for this year is determined by multiplying two fractions. 2013 tax forms 1040ez Her computation is as follows: Maria's first fraction Number of semesters Maria worked = 1 Number of semesters in annual work period 2 Maria's second fraction Number of hours Maria worked per week = 3 = 1 Number of hours per week considered full-time 12 4 Maria would multiply these fractions to obtain the fractional year of service: 1 x 1 = 1         2 4 8         Figuring the Limit on Elective Deferrals You can use Part II of Worksheet 1 in chapter 9 to figure the limit on elective deferrals. 2013 tax forms 1040ez Example Floyd has figured his limit on annual additions. 2013 tax forms 1040ez The only other component needed before he can determine his MAC for 2014 is his limit on elective deferrals. 2013 tax forms 1040ez Figuring Floyd's limit on elective deferrals. 2013 tax forms 1040ez   Floyd has been employed with his current employer for less than 15 years. 2013 tax forms 1040ez He is not eligible for the special 15-year increase. 2013 tax forms 1040ez Therefore, his limit on elective deferrals for 2014 is $17,500 as shown in Table 4-2. 2013 tax forms 1040ez Floyd's employer will not make any nonelective contributions to his 403(b) account and Floyd will not make any after-tax contributions. 2013 tax forms 1040ez Additionally, Floyd's employer does not offer a Roth contribution program. 2013 tax forms 1040ez Figuring Floyd's MAC Floyd has determined that his limit on annual additions for 2014 is $52,000 and his limit on elective deferrals is $17,500. 2013 tax forms 1040ez Because elective deferrals are the only contributions made to Floyd's account, the maximum amount that can be contributed to a 403(b) account on Floyd's behalf in 2014 is $17,500, the lesser of both limits. 2013 tax forms 1040ez Table 4-2. 2013 tax forms 1040ez Worksheet 1. 2013 tax forms 1040ez Maximum Amount Contributable (MAC) Note. 2013 tax forms 1040ez Use this worksheet to figure your MAC. 2013 tax forms 1040ez Part I. 2013 tax forms 1040ez Limit on Annual Additions     1. 2013 tax forms 1040ez Enter your includible compensation for your most recent year of service 1. 2013 tax forms 1040ez $70,475 2. 2013 tax forms 1040ez Maximum: For 2013 enter $51,000 For 2014 enter $52,000 2. 2013 tax forms 1040ez 52,000 3. 2013 tax forms 1040ez Enter the lesser of line 1 or line 2. 2013 tax forms 1040ez This is your limit on annual additions 3. 2013 tax forms 1040ez 52,000   Caution: If you had only nonelective contributions, skip Part II and enter the amount from line 3 on line 18. 2013 tax forms 1040ez     Part II. 2013 tax forms 1040ez Limit on Elective Deferrals     4. 2013 tax forms 1040ez Maximum contribution: For 2013, enter $17,500 For 2014, enter $17,500 4. 2013 tax forms 1040ez 17,500   Note. 2013 tax forms 1040ez If you have at least 15 years of service with a qualifying organization, complete lines 5 through 17. 2013 tax forms 1040ez If not, enter zero (-0-) on line 16 and go to line 17. 2013 tax forms 1040ez     5. 2013 tax forms 1040ez Amount per year of service 5. 2013 tax forms 1040ez 5,000 6. 2013 tax forms 1040ez Enter your years of service 6. 2013 tax forms 1040ez   7. 2013 tax forms 1040ez Multiply line 5 by line 6 7. 2013 tax forms 1040ez   8. 2013 tax forms 1040ez Enter the total of all elective deferrals made for you by the qualifying organization for prior years 8. 2013 tax forms 1040ez   9. 2013 tax forms 1040ez Subtract line 8 from line 7. 2013 tax forms 1040ez If zero or less, enter zero (-0-) 9. 2013 tax forms 1040ez   10. 2013 tax forms 1040ez Maximum increase in limit for long service 10. 2013 tax forms 1040ez 15,000 11. 2013 tax forms 1040ez Enter the total of additional pre-tax elective deferrals made in prior years under the 15-year rule 11. 2013 tax forms 1040ez   12. 2013 tax forms 1040ez Enter the aggregate amount of all designated Roth contributions permitted for prior years under the 15-year rule 12. 2013 tax forms 1040ez   13. 2013 tax forms 1040ez Add lines 11 and 12 13. 2013 tax forms 1040ez   14. 2013 tax forms 1040ez Subtract line 13 from line 10 14. 2013 tax forms 1040ez   15. 2013 tax forms 1040ez Maximum additional contributions 15. 2013 tax forms 1040ez 3,000 16. 2013 tax forms 1040ez Enter the least of lines 9, 14, or 15. 2013 tax forms 1040ez This is your increase in the limit for long service 16. 2013 tax forms 1040ez -0- 17. 2013 tax forms 1040ez Add lines 4 and 16. 2013 tax forms 1040ez This is your limit on elective deferrals 17. 2013 tax forms 1040ez 17,500   Part III. 2013 tax forms 1040ez Maximum Amount Contributable     18. 2013 tax forms 1040ez If you had only nonelective contributions, enter the amount from line 3. 2013 tax forms 1040ez This is your MAC. 2013 tax forms 1040ez    If you had only elective deferrals, enter the lesser of lines 3 or 17. 2013 tax forms 1040ez This is your MAC. 2013 tax forms 1040ez    If you had both elective deferrals and nonelective contributions, enter the amount from line 3. 2013 tax forms 1040ez This is your MAC. 2013 tax forms 1040ez (Use the amount on line 17 to determine if you have excess elective deferrals as explained in chapter 7. 2013 tax forms 1040ez ) 18. 2013 tax forms 1040ez $17,500 Prev  Up  Next   Home   More Online Publications