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File taxes online free Publication 929 - Main Content Table of Contents Part 1. File taxes online free Rules for All Dependents Filing RequirementsEarned Income Only Unearned Income Only Both Earned and Unearned Income Other Filing Requirements Should a Return Be Filed Even If Not Required? Responsibility for Child's ReturnThird party designee. File taxes online free Designated as representative. File taxes online free IRS notice. File taxes online free Standard DeductionStandard Deduction of Zero Dependent's Own Exemption Withholding From WagesExceptions. File taxes online free Part 2. File taxes online free Tax on Unearned Income of Certain ChildrenWhich Parent's Return To Use Parent's Election To Report Child's Interest and DividendsEffect of Making the Election Figuring Child's Income Figuring Additional Tax Tax for Certain Children Who Have Unearned IncomeProviding Parental Information (Form 8615, Lines A–C) Step 1. File taxes online free Figuring the Child's Net Unearned Income (Form 8615, Part I) Step 2. File taxes online free Figuring a Tentative Tax at the Parent's Tax Rate (Form 8615, Part II) Step 3. File taxes online free Figuring the Child's Tax (Form 8615, Part III) Alternative Minimum Tax Illustrated Example Part 1. File taxes online free Rules for All Dependents This part of the publication discusses the filing requirements for dependents, who is responsible for a child's return, how to figure a dependent's standard deduction and exemption (if any), and whether a dependent can claim exemption from federal income tax withholding. File taxes online free Filing Requirements Whether a dependent has to file a return generally depends on the amount of the dependent's earned and unearned income and whether the dependent is married, is age 65 or older, or is blind. File taxes online free A dependent may have to file a return even if his or her income is less than the amount that would normally require a return. File taxes online free See Other Filing Requirements, later. File taxes online free The following sections apply to dependents with: Earned income only, Unearned income only, and Both earned and unearned income. File taxes online free  To find out whether a dependent must file, read the section that applies, or use Table 1. File taxes online free Earned Income Only A dependent whose gross income is only earned income must file a return if the gross income is more than the amount listed in the following table. File taxes online free Marital Status Amount Single   Under 65 and not blind $6,100 Either 65 or older or blind $7,600 65 or older and blind $9,100 Married*   Under 65 and not blind $6,100 Either 65 or older or blind $7,300 65 or older and blind $8,500 *If a dependent's spouse itemizes deductions on a separate return, the dependent must file a return if the dependent has $5 or more of gross income (earned and/or unearned). File taxes online free Example. File taxes online free William is 16. File taxes online free His mother claims an exemption for him on her income tax return. File taxes online free He worked part time on weekends during the school year and full time during the summer. File taxes online free He earned $7,000 in wages. File taxes online free He did not have any unearned income. File taxes online free He must file a tax return because he has earned income only and his gross income is more than $6,100. File taxes online free If he is blind, he does not have to file a return because his gross income is not more than $7,600. File taxes online free Unearned Income Only A dependent whose gross income is only unearned income must file a return if the gross income is more than the amount listed in the following table. File taxes online free Marital Status Amount Single   Under 65 and not blind $1,000 Either 65 or older or blind $2,500 65 or older and blind $4,000 Married*   Under 65 and not blind $1,000 Either 65 or older or blind $2,200 65 or older and blind $3,400 *If a dependent's spouse itemizes deductions on a separate return, the dependent must file a return if the dependent has $5 or more of gross income (earned and/or unearned). File taxes online free Example. File taxes online free Sarah is 18 and single. File taxes online free Her parents can claim an exemption for her on their income tax return. File taxes online free She received $1,970 of taxable interest and dividend income. File taxes online free She did not work during the year. File taxes online free She must file a tax return because she has unearned income only and her gross income is more than $1,000. File taxes online free If she is blind, she does not have to file a return because she has unearned income only and her gross income is not more than $2,500. File taxes online free Election to report child's unearned income on parent's return. File taxes online free   A parent of a child under age 19 (or under age 24 if a full-time student) may be able to elect to include the child's interest and dividend income on the parent's return. File taxes online free See Parent's Election To Report Child's Interest and Dividends in Part 2. File taxes online free If the parent makes this election, the child does not have to file a return. File taxes online free Both Earned and Unearned Income A dependent who has both earned and unearned income generally must file a return if the dependent's gross income is more than line 5 of the following worksheet. File taxes online free Filing Requirement Worksheet for Most Dependents 1. File taxes online free Enter dependent's earned income plus $350     2. File taxes online free Minimum amount   $1,000 3. File taxes online free Compare lines 1 and 2. File taxes online free Enter the larger amount     4. File taxes online free Maximum amount   6,100 5. File taxes online free Compare lines 3 and 4. File taxes online free Enter the smaller amount     6. File taxes online free Enter the dependent's gross income. File taxes online free If line 6 is more than line 5, the dependent must file an income tax return. File taxes online free If the dependent is married and his or her spouse itemizes deductions on a separate return, the dependent must file an income tax return if line 6 is $5 or more. File taxes online free       Table 1. File taxes online free 2013 Filing Requirements for Dependents If your parent (or someone else) can claim you as a dependent, use this table to see if you must file a return. File taxes online free   See the definitions of “dependent,”“earned income,”“unearned income,” and “gross income” in the Glossary. File taxes online free   Single dependents—Were you either age 65 or older or blind?     No. File taxes online free You must file a return if any of the following apply. File taxes online free       Your unearned income was over $1,000. File taxes online free Your earned income was over $6,100. File taxes online free Your gross income was more than the larger of—       $1,000, or Your earned income (up to $5,750) plus $350. File taxes online free         Yes. File taxes online free You must file a return if any of the following apply. File taxes online free     Your unearned income was over $2,500 ($4,000 if 65 or older and blind), Your earned income was over $7,600 ($9,100 if 65 or older and blind), Your gross income was more than the larger of—       $2,500 ($4,000 if 65 or older and blind), or Your earned income (up to $5,750) plus $1,850 ($3,350 if 65 or older and blind). File taxes online free       Married dependents—Were you either age 65 or older or blind?     No. File taxes online free You must file a return if any of the following apply. File taxes online free       Your gross income was at least $5 and your spouse files a separate return and itemizes deductions. File taxes online free Your unearned income was over $1,000. File taxes online free Your earned income was over $6,100. File taxes online free Your gross income was more than the larger of—       $1,000, or Your earned income (up to $5,750) plus $350. File taxes online free       Yes. File taxes online free You must file a return if any of the following apply. File taxes online free       Your gross income was at least $5 and your spouse files a separate return and itemizes deductions. File taxes online free Your unearned income was over $2,200 ($3,400 if 65 or older and blind), Your earned income was over $7,300 ($8,500 if 65 or older and blind), Your gross income was more than the larger of—       $2,200 ($3,400 if 65 or older and blind), or Your earned income (up to $5,750) plus $1,550 ($2,750 if 65 or older and blind). File taxes online free       Example 1. File taxes online free Joe is 20, single, not blind, and a full-time college student. File taxes online free He does not provide more than half of his own support, and his parents claim an exemption for him on their income tax return. File taxes online free He received $200 taxable interest income and earned $2,750 from a part-time job. File taxes online free He does not have to file a tax return because his gross income of $2,950 ($200 interest plus $2,750 in wages) is not more than $3,100, the amount on line 5 of his filled-in Filing Requirement Worksheet for Most Dependents (shown next). File taxes online free Filled-in Example 1 Filing Requirement Worksheet  for Most Dependents 1. File taxes online free Enter dependent's earned income plus $350   $ 3,100 2. File taxes online free Minimum amount   1,000 3. File taxes online free Compare lines 1 and 2. File taxes online free Enter the larger amount   3,100 4. File taxes online free Maximum amount   6,100 5. File taxes online free Compare lines 3 and 4. File taxes online free Enter the smaller amount   3,100 6. File taxes online free Enter the dependent's gross income. File taxes online free If line 6 is more than line 5, the dependent must file an income tax return. File taxes online free If the dependent is married and his or her spouse itemizes deductions on a separate return, the dependent must file an income tax return if line 6 is $5 or more. File taxes online free   $ 2,950   Example 2. File taxes online free The facts are the same as in Example 1 except that Joe had $600 taxable interest income. File taxes online free He must file a tax return because his gross income of $3,350 ($600 interest plus $2,750 wages) is more than $3,100, the amount on line 5 of his filled-in worksheet (shown next). File taxes online free Filled-in Example 2 Filing Requirement Worksheet for Most Dependents 1. File taxes online free Enter dependent's earned income plus $350   $ 3,100 2. File taxes online free Minimum amount   1,000 3. File taxes online free Compare lines 1 and 2. File taxes online free Enter the larger amount   3,100 4. File taxes online free Maximum amount   6,100 5. File taxes online free Compare lines 3 and 4. File taxes online free Enter the smaller amount   3,100 6. File taxes online free Enter the dependent's gross income. File taxes online free If line 6 is more than line 5, the dependent must file an income tax return. File taxes online free If the dependent is married and his or her spouse itemizes deductions on a separate return, the dependent must file an income tax return if line 6 is $5 or more. File taxes online free   $ 3,350   Age 65 or older or blind. File taxes online free A dependent who is age 65 or older or blind must file a return if his or her gross income is more than line 7 of the following worksheet. File taxes online free Filing Requirement Worksheet  for Dependents Who Are Age 65 or Older or Blind 1. File taxes online free Enter dependent's earned income plus $350     2. File taxes online free Minimum amount   $1,000 3. File taxes online free Compare lines 1 and 2. File taxes online free Enter the larger amount     4. File taxes online free Maximum amount   6,100 5. File taxes online free Compare lines 3 and 4. File taxes online free Enter the smaller amount     6. File taxes online free Enter the amount from the following table that applies to the dependent       Marital Status Amount     Single         Either 65 or older or blind $1,500       65 or older and blind $3,000     Married         Either 65 or older or blind $1,200       65 or older and blind $2,400   7. File taxes online free Add lines 5 and 6. File taxes online free Enter the total     8. File taxes online free Enter the dependent's gross income. File taxes online free If line 8 is more than line 7, the dependent must file an income tax return. File taxes online free If the dependent is married and his or her spouse itemizes deductions on a separate return, the dependent must file an income tax return if line 8 is $5 or more     Example 3. File taxes online free The facts are the same as in Example 2 except that Joe is also blind. File taxes online free He does not have to file a return because his gross income of $3,350 is not more than $4,600, the amount on line 7 of his filled-in Filing Requirement Worksheet for Dependents Who Are Age 65 or Older or Blind (shown next). File taxes online free   Filled-in Example 3 Filing Requirement Worksheet  for Dependents Who Are Age 65 or Older or Blind 1. File taxes online free Enter dependent's earned income plus $350   $3,100 2. File taxes online free Minimum amount   1,000 3. File taxes online free Compare lines 1 and 2. File taxes online free Enter the larger amount   3,100 4. File taxes online free Maximum amount   6,100 5. File taxes online free Compare lines 3 and 4. File taxes online free Enter the smaller amount   3,100 6. File taxes online free Enter the amount from the following table that applies to the dependent   1,500   Marital Status Amount     Single         Either 65 or older or blind $1,500       65 or older and blind $3,000     Married         Either 65 or older or blind $1,200       65 or older and blind $2,400   7. File taxes online free Add lines 5 and 6. File taxes online free Enter the total   4,600 8. File taxes online free Enter the dependent's gross income. File taxes online free If line 8 is more than line 7, the dependent must file an income tax return. File taxes online free If the dependent is married and his or her spouse itemizes deductions on a separate return, the dependent must file an income tax return if line 8 is $5 or more   $3,350 Other Filing Requirements Some dependents may have to file a tax return even if their income is less than the amount that would normally require them to file a return. File taxes online free A dependent must file a tax return if he or she owes any other taxes, such as: Social security and Medicare taxes on tips not reported to his or her employer or on wages received from an employer who did not withhold these taxes, Uncollected social security and Medicare or railroad retirement taxes on tips reported to his or her employer or on group-term life insurance, Alternative minimum tax, Additional tax on a health savings account from Form 8889, Part III, Recapture taxes, such as the tax from recapture of an education credit, or Additional tax on a qualified plan, including an individual retirement arrangement (IRA), or other tax-favored account. File taxes online free But if the dependent is filing a return only because of this tax, the dependent can file Form 5329 by itself. File taxes online free A dependent must also file a tax return if he or she: Had wages of $108. File taxes online free 28 or more from a church or qualified church-controlled organization that is exempt from employer social security and Medicare taxes, or Had net earnings from self-employment of at least $400. File taxes online free Spouse itemizes. File taxes online free   A dependent must file a return if the dependent's spouse itemizes deductions on a separate return and the dependent has $5 or more of gross income (earned and/or unearned). File taxes online free Should a Return Be Filed Even If Not Required? Even if a dependent does not meet any of the filing requirements discussed earlier, he or she should file a tax return if either of the following applies. File taxes online free Income tax was withheld from his or her income. File taxes online free He or she qualifies for the earned income credit, additional child tax credit, health coverage tax credit, or refundable American opportunity education credit. File taxes online free See the tax return instructions to find out who qualifies for these credits. File taxes online free  By filing a return, the dependent can get a refund. File taxes online free Responsibility for Child's Return Generally, a child is responsible for filing his or her own tax return and for paying any tax, penalties, or interest on that return. File taxes online free If a child cannot file his or her own return for any reason, such as age, the child's parent, guardian, or other legally responsible person must file it for the child. File taxes online free Signing the child's return. File taxes online free   If the child cannot sign his or her return, a parent or guardian must sign the child's name followed by the words “By (signature), parent (or guardian) for minor child. File taxes online free ” Authority of parent or guardian. File taxes online free   A parent or guardian who signs a return on a child's behalf can deal with the IRS on all matters connected with the return. File taxes online free   In general, a parent or guardian who does not sign the child's return can only provide information concerning the child's return and pay the child's tax. File taxes online free That parent or guardian is not entitled to receive information from the IRS or legally bind the child to a tax liability arising from the return. File taxes online free Third party designee. File taxes online free   A child's parent or guardian who does not sign the child's return may be authorized, as a third party designee, to discuss the processing of the return with the IRS as well as provide information concerning the return. File taxes online free The child or the person signing the return on the child's behalf must check the “Yes” box in the “Third Party Designee” area of the return and name the parent or guardian as the designee. File taxes online free   If designated, a parent or guardian can respond to certain IRS notices and receive information about the processing of the return and the status of a refund or payment. File taxes online free This designation does not authorize the parent or guardian to receive any refund check, bind the child to any tax liability, or otherwise represent the child before the IRS. File taxes online free See the return instructions for more information. File taxes online free Designated as representative. File taxes online free   A parent or guardian who does not sign the child's return may be designated as the child's representative by the child or the person signing the return on the child's behalf. File taxes online free Form 2848, Power of Attorney and Declaration of Representative, is used to designate a child's representative. File taxes online free See Publication 947, Practice Before the IRS and Power of Attorney, for more information. File taxes online free   If designated, a parent or guardian can receive information about the child's return but cannot legally bind the child to a tax liability unless authorized to do so by the law of the state in which the child lives. File taxes online free IRS notice. File taxes online free   If you or the child receives a notice from the IRS concerning the child's return or tax liability, you should immediately inform the IRS that the notice concerns a child. File taxes online free The notice will show who to contact. File taxes online free The IRS will try to resolve the matter with the parent(s) or guardian(s) of the child consistent with their authority. File taxes online free Child's earnings. File taxes online free   For federal income tax purposes, amounts a child earns by performing services are included in the gross income of the child and not the gross income of the parent. File taxes online free This is true even if, under state law, the parent has the right to the earnings and may actually have received them. File taxes online free If the child does not pay the tax due on this income, the parent may be liable for the tax. File taxes online free Child's expenses. File taxes online free   Deductions for payments that are made out of a child's earnings are the child's, even if the payments are made by the parent. File taxes online free Example. File taxes online free You made payments on your child's behalf that are deductible as a business expense and a charitable contribution. File taxes online free You made the payments out of your child's earnings. File taxes online free These items can be deducted only on the child's return. File taxes online free Standard Deduction The standard deduction for an individual who can be claimed as a dependent on another person's tax return is generally limited to the larger of: $1,000, or The individual's earned income plus $350, but not more than the regular standard deduction (generally $6,100). File taxes online free However, the standard deduction may be higher for a dependent who: Is 65 or older, or Is blind. File taxes online free Certain dependents cannot claim any standard deduction. File taxes online free See Standard Deduction of Zero , later. File taxes online free Worksheet 1. File taxes online free   Use Worksheet 1 to figure the dependent's standard deduction. File taxes online free Worksheet 1. File taxes online free Standard Deduction Worksheet for Dependents Use this worksheet only if someone else can claim you (or your spouse, if filing jointly) as a dependent. File taxes online free If you were 65 or older and/or blind, check the correct number of boxes below. File taxes online free Put the total number of boxes checked in box c and go to line 1. File taxes online free a. File taxes online free You 65 or older   Blind   b. File taxes online free Your spouse, if claiming  spouse's exemption 65 or older   Blind   c. File taxes online free Total boxes checked         1. File taxes online free Enter your earned income (defined below) plus $350. File taxes online free If none, enter -0-. File taxes online free 1. File taxes online free     2. File taxes online free Minimum amount. File taxes online free   2. File taxes online free $1,000   3. File taxes online free Compare lines 1 and 2. File taxes online free Enter the larger of the two amounts here. File taxes online free 3. File taxes online free     4. File taxes online free Enter on line 4 the amount shown below for your filing status. File taxes online free       Single or Married filing separately—$6,100 Married filing jointly—$12,200 Head of household—$8,950 4. File taxes online free     5. File taxes online free Standard deduction. File taxes online free         a. File taxes online free Compare lines 3 and 4. File taxes online free Enter the smaller amount here. File taxes online free If under 65 and not blind, stop here. File taxes online free This is your standard deduction. File taxes online free Otherwise, go on to line 5b. File taxes online free 5a. File taxes online free     b. File taxes online free If 65 or older or blind, multiply $1,500 ($1,200 if married) by the number in box c above. File taxes online free Enter the result here. File taxes online free 5b. File taxes online free     c. File taxes online free Add lines 5a and 5b. File taxes online free This is your standard deduction for 2013. File taxes online free 5c. File taxes online free     Earned income includes wages, salaries, tips, professional fees, and other compensation received for personal services you performed. File taxes online free It also includes any amount received as a scholarship that you must include in income. File taxes online free   Example 1. File taxes online free Michael is single, age 15, and not blind. File taxes online free His parents can claim him as a dependent on their tax return. File taxes online free He has taxable interest income of $800 and wages of $150. File taxes online free He enters $500 (his earned income plus $350) on line 1 of Worksheet 1. File taxes online free On line 3, he enters $1,000, the larger of $500 or $1,000. File taxes online free Michael enters $6,100 on line 4. File taxes online free On line 5a, he enters $1,000, the smaller of $1,000 or $6,100. File taxes online free His standard deduction is $1,000. File taxes online free Example 2. File taxes online free Judy, a full-time student, is single, age 22, and not blind. File taxes online free Her parents can claim her as a dependent on their tax return. File taxes online free She has dividend income of $275 and wages of $2,500. File taxes online free She enters $2,850 (her earned income plus $350) on line 1 of Worksheet 1. File taxes online free On line 3, she enters $2,850, the larger of $2,850 or $1,000. File taxes online free She enters $6,100 on line 4. File taxes online free On line 5a, she enters $2,850 (the smaller of $2,850 or $6,100) as her standard deduction. File taxes online free Example 3. File taxes online free Amy, who is single, is claimed as a dependent on her parents' tax return. File taxes online free She is 18 years old and blind. File taxes online free She has taxable interest income of $1,000 and wages of $2,000. File taxes online free She enters $2,350 (her earned income plus $350) on line 1 of Worksheet 1. File taxes online free She enters $2,350 (the larger of $2,350 or $1,000) on line 3, $6,100 on line 4, and $2,350 (the smaller of $2,350 or $6,100) on line 5a. File taxes online free Because Amy is blind, she checks the box for blindness and enters “1” in box c at the top of Worksheet 1. File taxes online free She enters $1,500 (the number in box c times $1,500) on line 5b. File taxes online free Her standard deduction on line 5c is $3,850 ($2,350 + $1,500). File taxes online free Standard Deduction of Zero The standard deduction for the following dependents is zero. File taxes online free A married dependent filing a separate return whose spouse itemizes deductions. File taxes online free A dependent who files a return for a period of less than 12 months due to a change in his or her annual accounting period. File taxes online free A nonresident or dual-status alien dependent, unless the dependent is married to a U. File taxes online free S. File taxes online free citizen or resident alien at the end of the year and chooses to be treated as a U. File taxes online free S. File taxes online free resident for the year. File taxes online free See Publication 519, U. File taxes online free S. File taxes online free Tax Guide for Aliens, for information on making this choice. File taxes online free Example. File taxes online free Jennifer, who is a dependent of her parents, is entitled to file a joint return with her husband. File taxes online free However, her husband elects to file a separate return and itemize his deductions. File taxes online free Because he itemizes, Jennifer's standard deduction on her return is zero. File taxes online free She can, however, itemize any of her allowable deductions. File taxes online free Dependent's Own Exemption A person who can be claimed as a dependent on another taxpayer's return cannot claim his or her own exemption. File taxes online free This is true even if the other taxpayer does not actually claim the exemption. File taxes online free Example. File taxes online free James and Barbara can claim their child, Ben, as a dependent on their return. File taxes online free Ben is a college student who works during the summer and must file a tax return. File taxes online free Ben cannot claim his own exemption on his return. File taxes online free This is true even if James and Barbara do not claim him as a dependent on their return. File taxes online free Withholding From Wages Employers generally withhold federal income tax, social security tax, and Medicare tax from an employee's wages. File taxes online free If the employee claims exemption from withholding on Form W-4, the employer will not withhold federal income tax. File taxes online free The exemption from withholding does not apply to social security and Medicare taxes. File taxes online free Conditions for exemption from withholding. File taxes online free   An employee can claim exemption from withholding for 2014 only if he or she meets both of the following conditions. File taxes online free For 2013, the employee had a right to a refund of all federal income tax withheld because he or she had no tax liability. File taxes online free For 2014, the employee expects a refund of all federal income tax withheld because he or she expects to have no tax liability. File taxes online free Dependents. File taxes online free   An employee who is a dependent ordinarily cannot claim exemption from withholding if both of the following are true. File taxes online free The employee's gross income will be more than $1,000, the minimum standard deduction for 2014. File taxes online free The employee's unearned income will be more than $350. File taxes online free Exceptions. File taxes online free   An employee may be able to claim exemption from withholding even if the employee is a dependent, if the employee: Is age 65 or older, Is blind, or Will claim on his or her 2014 tax return: Adjustments to income, Tax credits, or Itemized deductions. File taxes online free The above exceptions do not apply to supplemental wages greater than $1,000,000. File taxes online free For more information, see Exemption From Withholding in chapter 1 of Publication 505. File taxes online free Example. File taxes online free Guy is 17 and a student. File taxes online free During the summer he works part time at a grocery store. File taxes online free He expects to earn about $1,200 this year. File taxes online free He also worked at the store last summer and received a refund of all his withheld income tax because he did not have a tax liability. File taxes online free The only other income he expects during the year is $375 interest on a savings account. File taxes online free He expects that his parents will be able to claim him as a dependent on their tax return. File taxes online free He is not blind and will not claim adjustments to income, itemized deductions, a higher standard deduction, or tax credits on his return. File taxes online free Guy cannot claim exemption from withholding when he fills out Form W-4 because his parents will be able to claim him as a dependent, his gross income will be more than $1,000 (the minimum standard deduction amount) and his unearned income will be more than $350. File taxes online free Claiming exemption from withholding. File taxes online free    To claim exemption from withholding, an employee must enter “Exempt” in the space provided on Form W-4, line 7. File taxes online free The employee must complete the rest of the form, as explained in the form instructions, and give it to his or her employer. File taxes online free Renewing an exemption from withholding. File taxes online free   An exemption from withholding is good for only one year. File taxes online free An employee must file a new Form W-4 by February 15 each year to continue the exemption. File taxes online free Part 2. File taxes online free Tax on Unearned Income of Certain Children The two rules that follow may affect the tax on the unearned income of certain children. File taxes online free If the child's interest and dividend income (including capital gain distributions) total less than $10,000, the child's parent may be able to choose to include that income on the parent's return rather than file a return for the child. File taxes online free (See Parent's Election To Report Child's Interest and Dividends , later. File taxes online free ) If the child's interest, dividends, and other unearned income total more than $2,000, part of that income may be taxed at the parent's tax rate instead of the child's tax rate. File taxes online free (See Tax for Certain Children Who Have Unearned Income , later. File taxes online free ) For these rules, the term “child” includes a legally adopted child and a stepchild. File taxes online free These rules apply whether or not the child is a dependent. File taxes online free These rules do not apply if neither of the child's parents were living at the end of the year. File taxes online free Which Parent's Return To Use If a child's parents are married to each other and file a joint return, use the joint return to figure the tax on the child's unearned income. File taxes online free The tax rate and other return information from that return are used to figure the child's tax as explained later under Tax for Certain Children Who Have Unearned Income . File taxes online free Parents Who Do Not File a Joint Return For parents who do not file a joint return, the following discussions explain which parent's tax return must be used to figure the tax. File taxes online free Only the parent whose tax return is used can make the election described under Parent's Election To Report Child's Interest and Dividends . File taxes online free Parents are married. File taxes online free   If the child's parents file separate returns, use the return of the parent with the greater taxable income. File taxes online free Parents not living together. File taxes online free   If the child's parents are married to each other but not living together, and the parent with whom the child lives (the custodial parent) is considered unmarried, use the return of the custodial parent. File taxes online free If the custodial parent is not considered unmarried, use the return of the parent with the greater taxable income. File taxes online free   For an explanation of when a married person living apart from his or her spouse is considered unmarried, see Head of Household in Publication 501. File taxes online free Parents are divorced. File taxes online free   If the child's parents are divorced or legally separated, and the parent who had custody of the child for the greater part of the year (the custodial parent) has not remarried, use the return of the custodial parent. File taxes online free Custodial parent remarried. File taxes online free   If the custodial parent has remarried, the stepparent (rather than the noncustodial parent) is treated as the child's other parent. File taxes online free Therefore, if the custodial parent and the stepparent file a joint return, use that joint return. File taxes online free Do not use the return of the noncustodial parent. File taxes online free   If the custodial parent and the stepparent are married, but file separate returns, use the return of the one with the greater taxable income. File taxes online free If the custodial parent and the stepparent are married but not living together, the earlier discussion under Parents not living together applies. File taxes online free Parents never married. File taxes online free   If a child's parents have never been married to each other, but lived together all year, use the return of the parent with the greater taxable income. File taxes online free If the parents did not live together all year, the rules explained earlier under Parents are divorced apply. File taxes online free Widowed parent remarried. File taxes online free   If a widow or widower remarries, the new spouse is treated as the child's other parent. File taxes online free The rules explained earlier under Custodial parent remarried apply. File taxes online free Parent's Election To Report Child's Interest and Dividends You may be able to elect to include your child's interest and dividend income (including capital gain distributions) on your tax return. File taxes online free If you do, your child will not have to file a return. File taxes online free You can make this election only if all the following conditions are met. File taxes online free Your child was under age 19 (or under age 24 if a full-time student) at the end of the year. File taxes online free Your child had income only from interest and dividends (including capital gain distributions and Alaska Permanent Fund dividends). File taxes online free The child's gross income was less than $10,000. File taxes online free The child is required to file a return unless you make this election. File taxes online free The child does not file a joint return for the year. File taxes online free No estimated tax payment was made for the year, and no overpayment from the previous year (or from any amended return) was applied to this year under your child's name and social security number. File taxes online free No federal income tax was withheld from your child's income under the backup withholding rules. File taxes online free You are the parent whose return must be used when applying the special tax rules for children. File taxes online free (See Which Parent's Return To Use , earlier. File taxes online free ) These conditions are also shown in Figure 1. File taxes online free Certain January 1 birthdays. File taxes online free   A child born on January 1, 1995, is considered to be age 19 at the end of 2013. File taxes online free You cannot make this election for such a child unless the child was a full-time student. File taxes online free   A child born on January 1, 1990, is considered to be age 24 at the end of 2013. File taxes online free You cannot make this election for such a child. File taxes online free How to make the election. File taxes online free    Make the election by attaching Form 8814 to your Form 1040 or Form 1040NR. File taxes online free (If you make this election, you cannot file Form 1040A or Form 1040EZ. File taxes online free ) Attach a separate Form 8814 for each child for whom you make the election. File taxes online free You can make the election for one or more children and not for others. File taxes online free Effect of Making the Election The federal income tax on your child's income may be more if you make the Form 8814 election. File taxes online free Rate may be higher. File taxes online free   If your child received qualified dividends or capital gain distributions, you may pay up to $100 more tax if you make this election instead of filing a separate tax return for the child. File taxes online free This is because the tax rate on the child's income between $1,000 and $2,000 is 10% if you make this election. File taxes online free However, if you file a separate return for the child, the tax rate may be as low as 0% (zero percent) because of the preferential tax rates for qualified dividends and capital gain distributions. File taxes online free Deductions you cannot take. File taxes online free   By making the Form 8814 election, you cannot take any of the following deductions that the child would be entitled to on his or her return. File taxes online free The additional standard deduction if the child is blind. File taxes online free The deduction for a penalty on an early withdrawal of your child's savings. File taxes online free Itemized deductions (such as your child's investment expenses or charitable contributions). File taxes online free Figure 1. File taxes online free Can You Include Your Child's Income On Your Tax Return? Please click here for the text description of the image. File taxes online free Figure 1. File taxes online free Can You Include Your Child's Income On Your Tax Return? Deductible investment interest. File taxes online free   If you use Form 8814, your child's unearned income is considered your unearned income. File taxes online free To figure the limit on your deductible investment interest, add the child's unearned income to yours. File taxes online free However, if your child received qualified dividends, capital gain distributions, or Alaska Permanent Fund dividends, see chapter 3 of Publication 550 for information about how to figure the limit. File taxes online free Alternative minimum tax. File taxes online free    If your child received tax-exempt interest (or exempt-interest dividends paid by a regulated investment company) from certain private activity bonds, you must determine if that interest is a tax preference item for alternative minimum tax (AMT) purposes. File taxes online free If it is, you must include it with your own tax preference items when figuring your AMT. File taxes online free See Form 6251, Alternative Minimum Tax—Individuals, and its instructions for details. File taxes online free Reduced deductions or credits. File taxes online free   If you use Form 8814, your increased adjusted gross income may reduce certain deductions or credits on your return, including the following. File taxes online free Deduction for contributions to a traditional individual retirement arrangement (IRA). File taxes online free Deduction for student loan interest. File taxes online free Itemized deductions for medical expenses, casualty and theft losses, and certain miscellaneous expenses. File taxes online free Credit for child and dependent care expenses. File taxes online free Child tax credit. File taxes online free Education tax credits. File taxes online free Earned income credit. File taxes online free Penalty for underpayment of estimated tax. File taxes online free   If you make this election for 2013 and did not have enough tax withheld or pay enough estimated tax to cover the tax you owe, you may be subject to a penalty. File taxes online free If you plan to make this election for 2014, you may need to increase your federal income tax withholding or your estimated tax payments to avoid the penalty. File taxes online free Get Publication 505 for more information. File taxes online free Figuring Child's Income Use Form 8814, Part I, to figure your child's interest and dividend income to report on your return. File taxes online free Only the amount over $2,000 is added to your income. File taxes online free The amount over $2,000 is shown on Form 8814, line 6. File taxes online free Unless the child's income includes qualified dividends or capital gain distributions (discussed next), the same amount is shown on Form 8814, line 12. File taxes online free Include the amount from Form 8814, line 12, on Form 1040 or Form 1040NR, line 21. File taxes online free If you file more than one Form 8814, include the total amounts from line 12 of all your Forms 8814 on Form 1040 or Form 1040NR, line 21. File taxes online free On the dotted line next to line 21, enter “Form 8814” and the total of the Form 8814, line 12 amounts. File taxes online free Note. File taxes online free The tax on the first $2,000 is figured on Form 8814, Part II. File taxes online free See Figuring Additional Tax , later. File taxes online free Qualified dividends. File taxes online free   Enter on Form 8814, line 2a, any ordinary dividends your child received. File taxes online free This amount may include qualified dividends. File taxes online free Qualified dividends are those dividends reported on Form 1040, line 9b, or Form 1040NR, line 10b, and are eligible for lower tax rates that apply to a net capital gain. File taxes online free For detailed information about qualified dividends, see Publication 550. File taxes online free   If your child received qualified dividends, the amount of these dividends that is added to your income must be reported on Form 1040, lines 9a and 9b, or Form 1040NR, lines 10a and 10b. File taxes online free You do not include these dividends on Form 8814, line 12, or on line 21 of Form 1040 or Form 1040NR. File taxes online free   Enter the child's qualified dividends on Form 8814, line 2b. File taxes online free But do not include this amount on Form 1040, lines 9a and 9b, or Form 1040NR, lines 10a and 10b. File taxes online free Instead, include the amount from Form 8814, line 9, on Form 1040, lines 9a and 9b, or Form 1040NR, lines 10a and 10b. File taxes online free (The amount on Form 8814, line 9, may be less than the amount on Form 8814, line 2b, because lines 7 through 12 of the form divide the $2,000 base amount on Form 8814, line 5, between the child's qualified dividends, capital gain distributions, and other interest and dividend income, reducing each of those amounts. File taxes online free ) Capital gain distributions. File taxes online free   Enter on Form 8814, line 3, any capital gain distributions your child received. File taxes online free The amount of these distributions that is added to your income must be reported on Schedule D (Form 1040), line 13, or, if you are not required to file Schedule D, on Form 1040, line 13, or Form 1040NR, line 14. File taxes online free You do not include it on Form 8814, line 12, or on line 21 of Form 1040 or Form 1040NR. File taxes online free   Include the amount from Form 8814, line 10, on Schedule D, line 13; Form 1040, line 13; or Form 1040NR, line 14, whichever applies. File taxes online free (The amount on Form 8814, line 10, may be less than the amount on Form 8814, line 3, because lines 7 through 12 of the form divide the $2,000 base amount on Form 8814, line 5, between the child's qualified dividends, capital gain distributions, and other interest and dividend income, reducing each of those amounts. File taxes online free ) Collectibles (28% rate) gain. File taxes online free    If any of the child's capital gain distributions are reported on Form 1099-DIV as collectibles (28% rate) gain, you must determine how much to also include on line 4 of the 28% Rate Gain Worksheet, in the instructions for Schedule D, line 18. File taxes online free Multiply the child's capital gain distribution included on Schedule D, line 13, by a fraction. File taxes online free The numerator is the part of the child's total capital gain distribution that is collectibles (28% rate) gain. File taxes online free The denominator is the child's total capital gain distribution. File taxes online free Enter the result on line 4 of the 28% Rate Gain Worksheet. File taxes online free Unrecaptured section 1250 gain. File taxes online free   If any of the child's capital gain distributions are reported on Form 1099-DIV as unrecaptured section 1250 gain, you must determine how much to include on line 11 of the Unrecaptured Section 1250 Gain Worksheet in the instructions for Schedule D, line 19. File taxes online free Multiply the child's capital gain distribution included on Schedule D, line 13, by a fraction. File taxes online free The numerator is the part of the child's total capital gain distribution that is unrecaptured section 1250 gain. File taxes online free The denominator is the child's total capital gain distribution. File taxes online free Enter the result on the Unrecaptured Section 1250 Gain Worksheet, line 11. File taxes online free Section 1202 gain. File taxes online free   If any of the child's capital gain distributions are reported as section 1202 gain (gain on qualified small business stock) on Form 1099-DIV, part or all of that gain may be eligible for the section 1202 exclusion. File taxes online free (For information about the exclusion, see chapter 4 of Publication 550. File taxes online free ) To figure that part, multiply the child's capital gain distribution included on Schedule D, line 13, by a fraction. File taxes online free The numerator is the part of the child's total capital gain distribution that is section 1202 gain. File taxes online free The denominator is the child's total capital gain distribution. File taxes online free Your section 1202 exclusion is generally 50% of the result, but may be subject to a limit. File taxes online free In some cases, the exclusion is more than 50%. File taxes online free See the instructions for Schedule D for details and information on how to report the exclusion amount. File taxes online free Example. File taxes online free Fred is 6 years old. File taxes online free In 2013, he received dividend income of $2,100, which included $1,575 of ordinary dividends and a $525 capital gain distribution from a mutual fund. File taxes online free (None of the distributions were reported on Form 1099-DIV as unrecaptured section 1250 gain, section 1202 gain, or collectibles (28% rate) gain. File taxes online free ) All of the ordinary dividends are qualified dividends. File taxes online free He has no other income and is not subject to backup withholding. File taxes online free No estimated tax payments were made under his name and social security number. File taxes online free Fred's parents elect to include Fred's income on their tax return instead of filing a return for him. File taxes online free They figure the amount to report on Form 1040, lines 9a and 9b, the amount to report on their Schedule D, line 13, and the amount to report on Form 1040, line 21, as follows. File taxes online free They leave lines 1a and 1b of Form 8814 blank because Fred does not have any interest income. File taxes online free They enter his ordinary dividends of $1,575 on lines 2a and 2b because all of Fred's ordinary dividends are qualified dividends. File taxes online free They enter the amount of Fred's capital gain distributions, $525, on line 3. File taxes online free Next, they add the amounts on lines 1a, 2a, and 3 and enter the result, $2,100, on line 4. File taxes online free They subtract the base amount on line 5, $2,000, from the amount on line 4, $2,100, and enter the result, $100, on line 6. File taxes online free This is the total amount from Form 8814 to be reported on their return. File taxes online free Next, they figure how much of this amount is qualified dividends and how much is capital gain distributions. File taxes online free They divide the amount on line 2b, $1,575, by the amount on line 4, $2,100. File taxes online free They enter the result, . File taxes online free 75, on line 7. File taxes online free They divide the amount on line 3, $525, by the amount on line 4, $2,100. File taxes online free They enter the result, . File taxes online free 25, on line 8. File taxes online free They multiply the amount on line 6, $100, by the decimal on line 7, . File taxes online free 75, and enter the result, $75, on line 9. File taxes online free They multiply the amount on line 6, $100, by the decimal on line 8, . File taxes online free 25, and enter the result, $25, on line 10. File taxes online free They include the amount from line 9, $75, on lines 9a and 9b of their Form 1040 and enter “Form 8814 – $75” on the dotted lines next to lines 9a and 9b. File taxes online free They include the amount from line 10, $25, on line 13 of their Schedule D (Form 1040) and enter “Form 8814 – $25” on the dotted line next to Schedule D, line 13. File taxes online free They enter $100 ($75 + $25) on line 11 and -0- ($100 – $100) on line 12. File taxes online free Because the amount on line 12 is -0-, they do not include any amount from Form 8814 on their Form 1040, line 21. File taxes online free Figuring Additional Tax Use Form 8814, Part II, to figure the tax on the $2,000 of your child's interest and dividends that you do not include in your income. File taxes online free This tax is added to the tax figured on your income. File taxes online free This additional tax is the smaller of: 10% x (your child's gross income − $1,000), or $100. File taxes online free Include the amount from line 15 of all your Forms 8814 in the total on Form 1040, line 44, or Form 1040NR, line 42. File taxes online free Check box a on Form 1040, line 44, or Form 1040NR, line 42. File taxes online free Tax for Certain Children Who Have Unearned Income If a child's interest, dividends, and other unearned income total more than $2,000, part of that income may be taxed at the parent's tax rate instead of the child's tax rate. File taxes online free If the parent does not or cannot choose to include the child's income on the parent's return, use Form 8615 to figure the child's tax. File taxes online free Attach the completed form to the child's Form 1040, Form 1040A, or Form 1040NR. File taxes online free When Form 8615 must be filed. File taxes online free   Form 8615 must be filed for a child if all of the following statements are true. File taxes online free The child's unearned income was more than $2,000. File taxes online free The child is required to file a return for 2013. File taxes online free The child either: Was under age 18 at the end of the year, Was age 18 at the end of the year and did not have earned income that was more than half of his or her support, or Was over age 18 and under age 24 at the end of the year, was a full-time student, and did not have earned income that was more than half of his or her support. File taxes online free At least one of the child's parents was alive at the end of 2013. File taxes online free The child does not file a joint return for 2013. File taxes online free These conditions are also shown in Figure 2. File taxes online free Certain January 1 birthdays. File taxes online free   Use the following chart to determine whether certain children with January 1 birthdays meet condition 3 under When Form 8615 must be filed. File taxes online free IF a child was born on. File taxes online free . File taxes online free . File taxes online free THEN, at the end of 2013, the child is considered to be. File taxes online free . File taxes online free . File taxes online free January 1, 1996 18* January 1, 1995 19** January 1, 1990 24*** *This child is not under age 18. File taxes online free The child meets condition 3 only if the child did not have earned income that was more than half of the child's support. File taxes online free  **This child meets condition 3 only if the child was a full-time student who did not have earned income that was more than half of the child's support. File taxes online free  ***Do not use Form 8615 for this child. File taxes online free Figure 2. File taxes online free Do You Have To Use Form 8615 To Figure Your Child's Tax? Please click here for the text description of the image. File taxes online free Figure 2. File taxes online free Do You Have To Use Form 8615 To Figure Your Child's Tax? Providing Parental Information (Form 8615, Lines A–C) On Form 8615, lines A and B, enter the parent's name and social security number. File taxes online free (If the parents filed a joint return, enter the name and social security number listed first on the joint return. File taxes online free ) On line C, check the box for the parent's filing status. File taxes online free See Which Parent's Return To Use, earlier, for information on which parent's return information must be used on Form 8615. File taxes online free Parent with different tax year. File taxes online free   If the parent and the child do not have the same tax year, complete Form 8615 using the information on the parent's return for the tax year that ends in the child's tax year. File taxes online free Example. File taxes online free Kimberly must use her mother's tax and taxable income to complete her Form 8615 for calendar year 2013 (January 1 – December 31). File taxes online free Kimberly's mother files her tax return on a fiscal year basis (July 1 – June 30). File taxes online free Kimberly must use the information on her mother's return for the tax year ending June 30, 2013, to complete her 2013 Form 8615. File taxes online free Parent's return information not known timely. File taxes online free   If the information needed from the parent's return is not known by the time the child's return is due (usually April 15), you can file the return using estimates. File taxes online free   You can use any reasonable estimate. File taxes online free This includes using information from last year's return. File taxes online free If you use an estimated amount on Form 8615, enter “Estimated” on the line next to the amount. File taxes online free   When you get the correct information, file an amended return on Form 1040X, Amended U. File taxes online free S. File taxes online free Individual Income Tax Return. File taxes online free Extension of time to file. File taxes online free   Instead of using estimates, you can get an automatic 6-month extension of time to file if, by the date your return is due, you file Form 4868, Application for Automatic Extension of Time To File U. File taxes online free S. File taxes online free Individual Income Tax Return. File taxes online free See the instructions for Form 4868 for details. File taxes online free    An extension of time to file is not an extension of time to pay. File taxes online free You must make an accurate estimate of the tax for 2013. File taxes online free If you do not pay the full amount due by the regular due date, the child will owe interest and may also be charged penalties. File taxes online free See Form 4868 and its instructions. File taxes online free Parent's return information not available. File taxes online free   If a child cannot get the required information about his or her parent's tax return, the child (or the child's legal representative) can request the necessary information from the Internal Revenue Service (IRS). File taxes online free How to request. File taxes online free   After the end of the tax year, send a signed, written request for the information to the Internal Revenue Service Center where the parent's return will be filed. File taxes online free (The IRS cannot process a request received before the end of the tax year. File taxes online free )    You should also consider getting an extension of time to file the child's return, because there may be a delay in getting the requested information. File taxes online free   The request must contain all of the following. File taxes online free A statement that you are making the request to comply with section 1(g) of the Internal Revenue Code and that you have tried to get the information from the parent. File taxes online free Proof of the child's age (for example, a copy of the child's birth certificate). File taxes online free Evidence the child has more than $2,000 of unearned income (for example, a copy of the child's prior year tax return or copies of Forms 1099 for the current year). File taxes online free The name, address, social security number (if known), and filing status (if known) of the parent whose information is to be shown on Form 8615. File taxes online free    A child's legal representative making the request should include a copy of his or her Power of Attorney, such as Form 2848, or proof of legal guardianship. File taxes online free Step 1. File taxes online free Figuring the Child's Net Unearned Income (Form 8615, Part I) The first step in figuring a child's tax using Form 8615 is to figure the child's net unearned income. File taxes online free To do that, use Form 8615, Part I. File taxes online free Line 1 (Unearned Income) If the child had no earned income, enter on this line the adjusted gross income shown on the child's return. File taxes online free Adjusted gross income is shown on Form 1040, line 38; Form 1040A, line 22; or Form 1040NR, line 37. File taxes online free Form 1040EZ and Form 1040NR-EZ cannot be used if Form 8615 must be filed. File taxes online free If the child had earned income, figure the amount to enter on Form 8615, line 1, by using the worksheet in the instructions for the form. File taxes online free However, use the following worksheet if: the child has excluded any foreign earned income, deducted a loss from self-employment, or has a net operating loss from another year. File taxes online free Alternate Worksheet for Form 8615, Line 1 A. File taxes online free Enter the amount from the child's Form 1040, line 22, or Form 1040NR, line 23   B. File taxes online free Enter the total of any net loss  from self-employment, any net operating loss deduction, any foreign earned income exclusion, and any foreign housing exclusion from the child's Form 1040 or Form 1040NR. File taxes online free Enter this total as a positive number (greater than zero)   C. File taxes online free Add line A and line B and  enter the total   D. File taxes online free Enter the child's earned income plus any amount from the child's Form 1040, line 30, or the child's Form 1040NR, line 30     Generally, the child's earned income is the total of the amounts reported on Form 1040, lines 7, 12, and 18 (if line 12 or 18 is a loss, use zero) or Form 1040NR, lines 8, 13, and 19 (if line 13 or 19 is a loss, use zero)   E. File taxes online free Subtract line D from line C. File taxes online free Enter the result here and on Form 8615, line 1   Unearned income defined. File taxes online free   Unearned income is generally all income other than salaries, wages, and other amounts received as pay for work actually performed. File taxes online free It includes taxable interest, dividends, capital gains (including capital gain distributions), the taxable part of social security and pension payments, certain distributions from trusts, and unemployment compensation. File taxes online free Unearned income includes amounts produced by assets the child obtained with earned income (such as interest on a savings account into which the child deposited wages). File taxes online free Nontaxable income. File taxes online free   For this purpose, unearned income includes only amounts the child must include in gross income. File taxes online free Nontaxable unearned income, such as tax-exempt interest and the nontaxable part of social security and pension payments, is not included. File taxes online free Capital loss. File taxes online free   A child's capital losses are taken into account in figuring the child's unearned income. File taxes online free Capital losses are first applied against capital gains. File taxes online free If the capital losses are more than the capital gains, the difference (up to $3,000) is subtracted from the child's interest, dividends, and other unearned income. File taxes online free Any difference over $3,000 is carried to the next year. File taxes online free Income from property received as a gift. File taxes online free   A child's unearned income includes all income produced by property belonging to the child. File taxes online free This is true even if the property was transferred to the child, regardless of when the property was transferred or purchased or who transferred it. File taxes online free   A child's unearned income includes income produced by property given as a gift to the child. File taxes online free This includes gifts to the child from grandparents or any other person and gifts made under the Uniform Gift to Minors Act. File taxes online free Example. File taxes online free Amanda Black, age 13, received the following income. File taxes online free Dividends—$800 Wages—$2,100 Taxable interest—$1,200 Tax-exempt interest—$100 Capital gains—$300 Capital losses—($200) The dividends were qualified dividends on stock given to her by her grandparents. File taxes online free Amanda's unearned income is $2,100. File taxes online free This is the total of the dividends ($800), taxable interest ($1,200), and capital gains reduced by capital losses ($300 − $200 = $100). File taxes online free Her wages are earned (not unearned) income because they are received for work actually performed. File taxes online free Her tax-exempt interest is not included because it is nontaxable. File taxes online free Trust income. File taxes online free   If a child is the beneficiary of a trust, distributions of taxable interest, dividends, capital gains, and other unearned income from the trust are unearned income to the child. File taxes online free   However, taxable distributions from a qualified disability trust are considered earned income for the purposes of completing Form 8615. File taxes online free See the Form 8615 instructions for details. File taxes online free Adjustment to income. File taxes online free   In figuring the amount to enter on line 1, the child's unearned income is reduced by any penalty on the early withdrawal of savings. File taxes online free Line 2 (Deductions) If the child does not itemize deductions on Schedule A (Form 1040 or Form 1040NR), enter $2,000 on line 2. File taxes online free If the child itemizes deductions, enter on line 2 the larger of: $1,000 plus the portion of the child's itemized deductions on Schedule A (Form 1040), line 29 (or Schedule A (Form 1040NR), line 15), that are directly connected with the production of the unearned income entered on line 1, or $2,000. File taxes online free Directly connected. File taxes online free   Itemized deductions are directly connected with the production of unearned income if they are for expenses paid to produce or collect taxable income or to manage, conserve, or maintain property held for producing income. File taxes online free These expenses include custodian fees and service charges, service fees to collect taxable interest and dividends, and certain investment counsel fees. File taxes online free    These expenses are added to certain other miscellaneous itemized deductions on Schedule A (Form 1040). File taxes online free Only the amount greater than 2% of the child's adjusted gross income can be deducted. File taxes online free See Publication 529, Miscellaneous Deductions, for more information. File taxes online free Example 1. File taxes online free Roger, age 12, has unearned income of $8,000, no other income, no adjustments to income, and itemized deductions of $300 (net of the 2%-of-adjusted-gross-income limit) that are directly connected with his unearned income. File taxes online free His adjusted gross income is $8,000, which is entered on Form 1040, line 38, and on Form 8615, line 1. File taxes online free Roger enters $2,000 on line 2 because that is more than the total of $1,000 plus his directly-connected itemized deductions of $300. File taxes online free Example 2. File taxes online free Eleanor, age 8, has unearned income of $16,000 and an early withdrawal penalty of $100. File taxes online free She has no other income. File taxes online free She has itemized deductions of $1,050 (net of the 2%-of-adjusted-gross-income limit) that are directly connected with the production of her unearned income. File taxes online free Her adjusted gross income, entered on line 1, is $15,900 ($16,000 − $100). File taxes online free The amount on line 2 is $2,050. File taxes online free This is the larger of: $1,000 plus the $1,050 of directly connected itemized deductions, or $2,000. File taxes online free Line 3 Subtract line 2 from line 1 and enter the result on this line. File taxes online free If zero or less, do not complete the rest of the form. File taxes online free However, you must still attach Form 8615 to the child's tax return. File taxes online free Figure the tax on the child's taxable income in the normal manner. File taxes online free Line 4 (Child's Taxable Income) Enter on line 4 the child's taxable income from Form 1040, line 43; Form 1040A, line 27; or Form 1040NR, line 41. File taxes online free Child files Form 2555 or 2555-EZ. File taxes online free   If the child files Form 2555 or 2555-EZ to claim the foreign earned income exclusion, housing exclusion, or housing deduction, the Foreign Earned Income Tax Worksheet (in the Form 1040 instructions) is used to figure the child's tax. File taxes online free Enter the amount from line 3 of the Foreign Earned Income Tax Worksheet as the child's taxable income on Form 8615, line 4. File taxes online free Line 5 (Net Unearned Income) A child's net unearned income cannot be more than his or her taxable income. File taxes online free Enter on Form 8615, line 5, the smaller of line 3 or line 4. File taxes online free This is the child's net unearned income. File taxes online free If zero or less, do not complete the rest of the form. File taxes online free However, you must still attach Form 8615 to the child's tax return. File taxes online free Figure the tax on the child's taxable income in the normal manner. File taxes online free Step 2. File taxes online free Figuring a Tentative Tax at the Parent's Tax Rate (Form 8615, Part II) The next step in completing Form 8615 is to figure a tentative tax on the child's net unearned income at the parent's tax rate. File taxes online free The tentative tax at the parent's tax rate is the difference between the tax on the parent's taxable income figured with the child's net unearned income (plus the net unearned income of any other child whose Form 8615 includes the tax return information of that parent) and the tax figured without it. File taxes online free When figuring the tentative tax at the parent's tax rate on Form 8615, do not refigure any of the exclusions, deductions, or credits on the parent's return because of the child's net unearned income. File taxes online free For example, do not refigure the medical expense deduction. File taxes online free Figure the tentative tax on Form 8615, lines 6 through 13. File taxes online free Line 6 (Parent's Taxable Income) Enter on line 6 the amount from the parent's Form 1040, line 43; Form 1040A, line 27; Form 1040EZ, line 6; Form 1040NR, line 41; or Form 1040NR-EZ, line 14. File taxes online free If the parent's taxable income is zero or less, enter zero on line 6. File taxes online free Parent files Form 2555 or 2555-EZ. File taxes online free   If the parent files Form 2555 or 2555-EZ to claim the foreign earned income exclusion, housing exclusion, or housing deduction, the Foreign Earned Income Tax Worksheet in the Form 1040 instructions is used to figure the parent's tax. File taxes online free Enter the amount from line 3 of the Foreign Earned Income Tax Worksheet as the parent's taxable income, on line 6 of Form 8615. File taxes online free Line 7 (Net Unearned Income of Other Children) If the tax return information of the parent is also used on any other child's Form 8615, enter on line 7 the total of the amounts from line 5 of all the other children's Forms 8615. File taxes online free Do not include the amount from line 5 of the Form 8615 being completed. File taxes online free (The term “other child” means any other child whose Form 8615 uses the tax information of the parent identified on Lines A and B of Form 8615. File taxes online free ) Example. File taxes online free Paul and Jane Persimmon have three children, Sharon, Jerry, and Mike, who must attach Form 8615 to their tax returns. File taxes online free The children's net unearned income amounts on line 5 of their Forms 8615 are: Sharon—$800 Jerry—$600 Mike—$1,000 Line 7 of Sharon's Form 8615 will show $1,600, the total of the amounts on line 5 of Jerry's and Mike's Forms 8615. File taxes online free Line 7 of Jerry's Form 8615 will show $1,800 ($800 + $1,000). File taxes online free Line 7 of Mike's Form 8615 will show $1,400 ($800 + $600). File taxes online free Other children's information not available. File taxes online free   If the net unearned income of the other children is not available when the return is due, either file the return using estimates or get an extension of time to file. File taxes online free Estimates and extensions are discussed earlier under Providing Parental Information (Form 8615, Lines A–C) . File taxes online free Line 8 (Parent's Taxable Income Plus Children's Net Unearned Income) Enter on this line the total of lines 5, 6, and 7. File taxes online free You must determine the amount of net capital gain and qualified dividends included on this line before completing Form 8615, line 9. File taxes online free Net capital gain. File taxes online free   Net capital gain is the smaller of the gain, if any, on Schedule D (Form 1040), line 15, or the gain, if any, on Schedule D, line 16. File taxes online free If Schedule D is not required, it is the amount on Form 1040, line 13; Form 1040A, line 10; or Form 1040NR, line 14. File taxes online free Qualified dividends. File taxes online free   Qualified dividends are those dividends reported on line 9b of Form 1040 or Form 1040A, or line 10b of Form 1040NR. File taxes online free Net capital gain and qualified dividends on line 8. File taxes online free   If neither the child, nor the parent, nor any other child has net capital gain, the net capital gain on line 8 is zero. File taxes online free   If neither the child, nor the parent, nor any other child has qualified dividends, the amount of qualified dividends on line 8 is zero. File taxes online free   If the child, parent, or any other child has net capital gain, figure the amount of net capital gain included on line 8 by adding together the net capital gain amounts included on lines 5, 6, and 7 of Form 8615. File taxes online free   If the child, parent, or any other child has qualified dividends, figure the amount of qualified dividends included on line 8 by adding together the qualified dividend amounts included on lines 5, 6, and 7. File taxes online free   Use the instructions for Form 8615, line 8, including the appropriate Line 5 Worksheet, to find these amounts. File taxes online free See the instructions for Form 8615 for more details. File taxes online free Note. File taxes online free The amount of any net capital gain or qualified dividends is not separately reported on line 8. File taxes online free It is  needed, however, when figuring the tax on line 9. File taxes online free Line 9 (Tax on Parent's Taxable Income Plus Children's Net Unearned Income) Figure the tax on the amount on line 8 using the Tax Table, the Tax Computation Worksheet, the Qualified Dividends and Capital Gain Tax Worksheet (in the Form 1040, 1040A, or 1040NR instructions), the Schedule D Tax Worksheet (in the Schedule D instructions), or Schedule J (Form 1040), as follows. File taxes online free If line 8 does not include any net capital gain or qualified dividends, use the Tax Table or Tax Computation Worksheet to figure this tax. File taxes online free But if Schedule J, Income Averaging for Farmers and Fishermen, is used to figure the tax on the parent's return, use it to figure this tax. File taxes online free If line 8 includes any net capital gain or qualified dividends, use the Qualified Dividends and Capital Gain Tax Worksheet to figure this tax. File taxes online free For details, see the instructions for Form 8615, line 9. File taxes online free However, if the child, parent, or any other child has 28% rate gain or unrecaptured section 1250 gain, use the Schedule D Tax Worksheet. File taxes online free But if Schedule J is used to figure the tax on the parent's return, use it to figure this tax. File taxes online free Child files Form 2555 or 2555-EZ. File taxes online free   If line 8 includes any net capital gain or qualified dividends and the child, or any other child filing Form 8615, also files Form 2555 or 2555-EZ, use Using the Schedule D Tax Worksheet for line 9 tax, next, to figure the line 9 tax. File taxes online free Using the Schedule D Tax Worksheet for line 9 tax. File taxes online free    Use the Schedule D Tax Worksheet (in the Schedule D instructions) to figure the line 9 tax on Form 8615 if the child, parent, or any other child has unrecaptured section 1250 gain or 28% rate gain. File taxes online free If you must use the Schedule D Tax Worksheet, first complete any Schedule D and any actual Schedule D Tax Worksheet required for the child, parent, or any other child. File taxes online free Then figure the line 9 tax using another Schedule D Tax Worksheet. File taxes online free (Do not attach this Schedule D Tax Worksheet to the child's return. File taxes online free )   Complete this Schedule D Tax Worksheet as follows. File taxes online free On line 1, enter the amount from Form 8615, line 8. File taxes online free On line 2, enter the qualified dividends included on Form 8615, line 8. File taxes online free (See the earlier discussion for line 8. File taxes online free ) On line 3, enter the total of the amounts, if any, on line 4g of all Forms 4952 filed by the child, parent, or any other child. File taxes online free On line 4, enter the total of the amounts, if any, on line 4e of all Forms 4952 filed by the child, parent, or any other child. File taxes online free If applicable, include instead the smaller amount entered on the dotted line next to line 4e. File taxes online free On lines 5 and 6, follow the worksheet instructions. File taxes online free On line 7, enter the net capital gain included on Form 8615, line 8. File taxes online free (See the earlier discussion for line 8. File taxes online free ) On lines 8 through 10, follow the worksheet instructions. File taxes online free On line 11, enter zero if neither the child, nor the parent, nor any other child has unrecaptured section 1250 gain (Schedule D, line 19) or 28% rate gain (Schedule D, line 18). File taxes online free Otherwise, enter the amount of unrecaptured section 1250 gain and 28% rate gain included in the net capital gain on line 8 of Form 8615. File taxes online free Figure these amounts as explained later under Figuring unrecaptured section 1250 gain (line 11) and Figuring 28% rate gain (line 11). File taxes online free If the Foreign Earned Income Tax Worksheet was used to figure the parent's tax or the tax of any child, go to step 10 below. File taxes online free Otherwise, skip steps 10, 11, and 12 below, and go to step 13. File taxes online free Determine whether there is a line 8 capital gain excess as follows. File taxes online free Add the amounts on line 2 of all Foreign Earned Income Tax Worksheets completed by the parent or any child for whom Form 8615 is filed. File taxes online free (But for each child do not add more than the excess, if any, of the amount on line 5 of the child's Form 8615 over the child's taxable income on Form 1040, line 43; Form 1040A, line 27; or Form 1040NR, line 41. File taxes online free ) Subtract (a) from the amount on line 1 of this Schedule D Tax Worksheet. File taxes online free Subtract (b) from the amount on line 10 of this Schedule D Tax Worksheet. File taxes online free If the result is more than zero, that amount is the line 8 capital gain excess. File taxes online free If the result is zero or less, there is no line 8 capital gain excess. File taxes online free If there is no line 8 capital gain excess, skip step 12 below and go to step 13. File taxes online free If there is a line 8 capital gain excess, complete a second Schedule D Tax Worksheet as instructed above and in step 13, but in its entirety and with the following additional modifications. File taxes online free (These modifications are to be made only for purposes of filling out this additional Schedule D Tax Worksheet. File taxes online free ) Reduce the amount you would otherwise enter on line 9 (but not below zero) by the line 8 capital gain excess. File taxes online free Reduce the amount you would otherwise enter on line 6 (but not below zero) by any of the line 8 capital gain excess not used in (a) above. File taxes online free If the child, parent, or any other child has 28% rate gain, reduce the amount you would otherwise enter on line 8 of Worksheet 1 for Line 11 of the Schedule D Tax Worksheet – 28% Rate Gain (Line 9 Tax), shown later, (but not below zero) by the line 8 capital gain excess, and refigure the amount on line 11 of this Schedule D Tax Worksheet. File taxes online free If the child, parent, or any other child has unrecaptured section 1250 gain, reduce the amount you would otherwise enter on line 8 of Worksheet 2 for Line 11 of the Schedule D Tax Worksheet – Unrecaptured Section 1250 Gain (Line 9 Tax) (but not below zero) by the line 8 capital gain excess not used in 12(c), and refigure the amount on line 11 of this Schedule D Tax Worksheet. File taxes online free Complete lines 12 through 45 following the worksheet instructions. File taxes online free Use the parent's filing status to complete lines 15, 42, and 44. File taxes online free Enter the amount from line 45 of this Schedule D Tax Worksheet on Form 8615, line 9, and check the box on that line
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File taxes online free 23. File taxes online free   Gastos de Intereses Table of Contents Introduction Useful Items - You may want to see: Intereses Hipotecarios de ViviendaCantidad Deducible Puntos Primas de Seguro Hipotecario Formulario 1098, Estado de Cuenta de los Intereses Hipotecarios Intereses Procedentes de InversionesBienes de Inversión Asignación de Gastos de Intereses Límite sobre la Deducción Cantidades que No Puede DeducirIntereses Personales Asignación de Intereses Cómo Hacer la DeclaraciónMás de un prestatario. File taxes online free Fondos procedentes de una hipoteca utilizados para negocios o inversiones. File taxes online free Introduction Este capítulo trata sobre los intereses que usted puede deducir. File taxes online free Los intereses son la cantidad que paga por usar dinero prestado. File taxes online free Los siguientes son tipos de intereses que se pueden deducir como deducciones detalladas en el Anexo A (Formulario 1040), Itemized Deductions (Deducciones detalladas), en inglés: Los intereses hipotecarios de vivienda, incluidos ciertos puntos y primas de seguro hipotecario. File taxes online free Intereses procedentes de inversiones. File taxes online free Este capítulo explica estas deducciones. File taxes online free Asimismo, explica dónde deducir otros tipos de intereses y enumera algunos tipos de intereses que no puede deducir. File taxes online free Use la Tabla 23-1 para averiguar dónde obtener más información sobre varios tipos de intereses, incluidos los intereses de inversiones. File taxes online free Useful Items - You may want to see: Publicación 936 Home Mortgage Interest Deduction (Deducción por intereses hipotecarios de vivienda), en inglés. File taxes online free 550 Investment Income and Expenses (Ingresos y gastos de inversiones), en inglés. File taxes online free Intereses Hipotecarios de Vivienda Por lo general, los intereses hipotecarios de vivienda son todos los intereses que paga sobre un préstamo garantizado por su vivienda (vivienda principal o segunda vivienda). File taxes online free El préstamo puede ser una hipoteca para la compra de su vivienda, una segunda hipoteca, una línea de crédito o un préstamo sobre el valor neto de la vivienda. File taxes online free Puede deducir los intereses hipotecarios de vivienda si se reúnen todas las siguientes condiciones: Presenta el Formulario 1040 y detalla deducciones en el Anexo A (Formulario 1040). File taxes online free La hipoteca es una deuda garantizada sobre una vivienda calificada en la cual tiene participación como dueño de la misma. File taxes online free (Por lo general, una hipoteca es una deuda garantizada si pone como garantía su vivienda para proteger los intereses del prestamista. File taxes online free El término “vivienda calificada” quiere decir su vivienda principal o segunda vivienda. File taxes online free Para más información, vea la Publicación 936, Home Mortgage Interest Deduction (Deducción por intereses hipotecarios de vivienda), en inglés). File taxes online free  Tanto usted como el prestamista tienen que tener la intención de que se pague el préstamo. File taxes online free Cantidad Deducible En la mayor parte de los casos, podrá deducir todos los intereses hipotecarios de vivienda. File taxes online free Cuánto puede deducir depende de la fecha en que obtuvo la hipoteca, la cantidad de la hipoteca y cómo usted usa los fondos procedentes de la misma. File taxes online free Intereses totalmente deducibles. File taxes online free   Si todas sus hipotecas corresponden a una o más de las tres categorías siguientes en todo momento durante el año, puede deducir todos los intereses sobre dichas hipotecas. File taxes online free (Si una hipoteca corresponde a más de una categoría, sume la deuda que corresponde a cada categoría a la otra deuda de la misma categoría). File taxes online free   Las tres categorías son: Las hipotecas que obtuvo a más tardar el 13 de octubre de 1987 (denominadas deudas con refugio legal). File taxes online free Las hipotecas que obtuvo después del 13 de octubre de 1987 para comprar, construir o mejorar su vivienda (denominadas deudas por adquisición de vivienda), pero únicamente si a lo largo del año 2013 dichas hipotecas, más toda deuda contraída el 13 de octubre de 1987 o antes, ascendieron a $1 millón o menos ($500,000 o menos si es casado que presenta la declaración por separado). File taxes online free Las hipotecas que obtuvo después del 13 de octubre de 1987 que no fueran para comprar, construir o mejorar su vivienda (denominadas deudas sobre el valor neto de la vivienda), pero únicamente si a lo largo del año 2013 dichas hipotecas ascendieron a $100,000 o menos ($50,000 o menos si es casado que presenta la declaración por separado) y cuyo total no era mayor que el valor justo de mercado de su vivienda reducido por los puntos (1) y (2). File taxes online free Los límites en dólares para la segunda y tercera categoría son aplicables a la suma de las hipotecas sobre su vivienda principal y segunda vivienda. File taxes online free   Vea la Parte II de la Publicación 936, en inglés, para definiciones más amplias de la deuda con refugio legal, deuda por adquisición de vivienda y deuda sobre el valor neto de la vivienda. File taxes online free   Puede usar la Figura 23-A para verificar si los intereses hipotecarios de vivienda son totalmente deducibles. File taxes online free Figura 23-A. File taxes online free ¿Son Totalmente Deducibles los Intereses Hipotecarios de mi Vivienda? Instrucciones: Incluya los saldos de TODAS las hipotecas garantizadas por su vivienda principal y segunda vivienda. File taxes online free Please click here for the text description of the image. File taxes online free Figura 23−A. File taxes online free ¿Son Totalmente Deducibles los Intereses Hipotecarios de mi Vivienda? Límites sobre la deducción. File taxes online free   No puede deducir totalmente los intereses de una hipoteca que no corresponda a alguna de las tres categorías indicadas anteriormente. File taxes online free Si éste es su caso, vea la Parte II de la Publicación 936, en inglés, para calcular la cantidad de los intereses que puede deducir. File taxes online free Situaciones Especiales Esta sección describe ciertos elementos que se pueden incluir como intereses hipotecarios de vivienda y otros que no. File taxes online free Además, describe ciertas situaciones especiales que podrían afectar su deducción. File taxes online free Recargos por pagos hipotecarios tardíos. File taxes online free   Puede deducir como intereses hipotecarios de vivienda un recargo por pagos tardíos si no fue por un servicio específico que se prestó en relación a su préstamo hipotecario. File taxes online free Multa por pago adelantado de la hipoteca. File taxes online free   Si salda su hipoteca de vivienda por adelantado, podría verse obligado a pagar una multa. File taxes online free Puede deducir dicha multa como intereses hipotecarios de vivienda con tal de que la multa no sea por un servicio específico que se prestó, o costo en el que se incurrió, con respecto a su préstamo hipotecario. File taxes online free Venta de vivienda. File taxes online free   Si vende su vivienda, puede deducir los intereses hipotecarios de vivienda (sujetos a los límites correspondientes) pagados hasta la fecha de venta, excluyendo tal fecha. File taxes online free Ejemplo. File taxes online free Juan y Margarita Gallegos vendieron su vivienda el 7 de mayo. File taxes online free Hasta el 30 de abril, hicieron pagos de intereses hipotecarios de vivienda de $1,220. File taxes online free El informe de cierre de la venta de la vivienda mostraba intereses de $50 para el período de 6 días en el mes de mayo hasta la fecha de venta, excluyendo tal fecha. File taxes online free Su deducción por intereses hipotecarios es $1,270 ($1,220 + $50). File taxes online free Intereses pagados por adelantado. File taxes online free   Si paga intereses por adelantado para un período que va más allá del final del año tributario, tiene que pagar dichos intereses a plazos intercalados a lo largo de los años tributarios correspondientes. File taxes online free Puede deducir en cada año únicamente los intereses que puedan considerarse intereses hipotecarios de vivienda para ese año. File taxes online free No obstante, hay una excepción correspondiente a los puntos, tema que se aborda más adelante. File taxes online free Crédito por intereses hipotecarios. File taxes online free   Quizás pueda reclamar un crédito por intereses hipotecarios si un gobierno estatal o local le otorgó un certificado de crédito hipotecario (MCC, por sus siglas en inglés). File taxes online free Calcule el crédito en el Formulario 8396, Mortgage Interest Credit (Crédito por intereses hipotecarios), en inglés. File taxes online free Si toma este crédito, tiene que reducir la deducción de intereses hipotecarios por la cantidad del crédito. File taxes online free   Para más información sobre el crédito, vea el capítulo 37 . File taxes online free Subsidio de vivienda para ministros de la iglesia y personal militar. File taxes online free   Si es ministro de una iglesia o miembro de las Fuerzas Armadas y recibe un subsidio de vivienda que no está sujeto a impuestos, aún puede deducir sus intereses hipotecarios de vivienda. File taxes online free Hardest Hit Fund (Fondo de ayuda para propietarios de vivienda más afectados) y los programas de préstamos de emergencia para propietarios de viviendas. File taxes online free   Puede utilizar un método especial para calcular la deducción de los intereses de la hipoteca y los impuestos de bienes inmuebles en su vivienda principal si reúne ambas de las siguientes condiciones: Usted recibió ayuda conforme a: Un programa del Hardest Hit Fund (Fondo de ayuda para los propietarios de vivienda más afectados que viven en estados con alto desempleo y una baja en el precio de viviendas) del State Housing Finance Agency (State HFA) (Agencia del Financiamiento de Viviendas (HFA estatal)) para los mercados inmobiliarios, en el cual los pagos procedentes de dichos programas pueden usarse para pagar los intereses hipotecarios o Un Emergency Homeowner's Loan Program (Programa de préstamos de emergencia para propietarios de viviendas), administrado por el Departamento de Vivienda y Desarrollo Urbano (HUD, por sus siglas en inglés) o por un estado. File taxes online free Usted reúne las condiciones de los reglamentos para deducir todos los intereses hipotecarios del préstamo y todos los impuestos de bienes inmuebles de su vivienda principal. File taxes online free   Si reúne todas las condiciones, entonces puede deducir todos los pagos que hizo durante el año al prestamista hipotecario, a la HFA estatal o a HUD, en la hipoteca de la vivienda (incluyendo el monto que muestra el recuadro 3 del Formulario 1098-MA, Mortgage Assistance Payments (Pagos de ayuda para la hipoteca), pero no más de la suma de las cantidades mostradas en el Formulario 1098, Mortgage Interest Statement (Estado de cuenta de los intereses hipotecarios), en el recuadro 1 (intereses recibidos del (de los) pagador(es)), el recuadro 4 (primas de seguro hipotecario) y el recuadro 5 (impuestos sobre los bienes inmuebles). File taxes online free Sin embargo, a usted no se le requiere utilizar este método especial para calcular la deducción para los intereses de la hipoteca y los impuestos de los bienes inmuebles en su vivienda principal. File taxes online free Pagos de asistencia hipotecaria conforme a la sección 235 de la Ley de Vivienda Nacional. File taxes online free   Si reúne los requisitos para recibir pagos de asistencia hipotecaria para familias de bajos recursos conforme a la sección 235 de la Ley de Vivienda Nacional (National Housing Act), la totalidad o parte de los intereses sobre su hipoteca podrían ser pagados en nombre suyo. File taxes online free No puede deducir los intereses pagados en nombre suyo. File taxes online free No tiene otro efecto sobre los impuestos. File taxes online free   No incluya estos pagos de asistencia hipotecaria en sus ingresos. File taxes online free Además, no use estos pagos para reducir otras deducciones, tales como los impuestos sobre bienes raíces. File taxes online free Personas divorciadas o separadas. File taxes online free   Si un acuerdo de divorcio o un acuerdo de separación matrimonial exige que usted o su cónyuge o ex cónyuge pague intereses hipotecarios de vivienda de la cual ambos son dueños, el pago de intereses podría considerarse pensión para el cónyuge divorciado. File taxes online free Vea el tema Pagos por una vivienda comprada conjuntamente , en el capítulo 18. File taxes online free Alquiler de terreno rescatable. File taxes online free   Si hace pagos de alquiler anuales o periódicos sobre un alquiler de terreno rescatable, los puede deducir como intereses hipotecarios. File taxes online free   Los pagos hechos para terminar el contrato de arrendamiento y para comprar la parte completa del arrendador de la tierra no se pueden deducir como intereses hipotecarios. File taxes online free Para más información, vea la Publicación 936, en inglés. File taxes online free Alquileres de terreno no rescatables. File taxes online free   Los pagos hechos sobre un alquiler de terreno no rescatable no son intereses hipotecarios. File taxes online free Los puede deducir como alquiler si son un gasto comercial o si corresponden a propiedad de alquiler. File taxes online free Hipotecas inversas. File taxes online free   Una hipoteca inversa es un préstamo cuyas condiciones permiten al prestamista pagarle (ya sea en suma global, con pago mensual por adelantado, línea de crédito o una combinación de estos tres métodos) mientras usted sigue como residente en su vivienda. File taxes online free Una hipoteca inversa le da derecho a mantener la escritura de su vivienda. File taxes online free Según el plan que tenga, la hipoteca inversa vence y comienza a generar intereses cuando se mude, venda su vivienda, llegue al término del plazo de un préstamo preseleccionado o fallezca. File taxes online free Puesto que las hipotecas inversas se consideran anticipos de préstamo y no ingresos, el monto que reciba no está sujeto a impuestos. File taxes online free Los intereses devengados (incluyendo un descuento de los intereses originales) sobre una hipoteca inversa no se pueden deducir hasta que se reembolse la totalidad del préstamo. File taxes online free La deducción a la que tenga derecho podría estar limitada ya que un préstamo de hipoteca inversa suele estar sujeto al límite sobre la Home Equity Debt (Deuda sobre el valor neto de la vivienda), tema que se explica en la Publicación 936, en inglés. File taxes online free Pagos de alquiler. File taxes online free   Si vive en una casa antes del cierre final de la compra, todos los pagos que haga para ese período son alquiler y no son intereses. File taxes online free Esto es cierto aun si se denominan intereses en los documentos relacionados con el cierre. File taxes online free No puede deducir esos pagos como intereses hipotecarios de vivienda. File taxes online free Fondos procedentes de una hipoteca invertidos en valores exentos de impuestos. File taxes online free   No puede deducir los intereses hipotecarios de vivienda sobre la deuda con refugio legal o deuda sobre el valor neto de la vivienda si utilizó los fondos procedentes de la hipoteca para comprar valores o certificados que generan ingresos exentos de impuestos. File taxes online free La “deuda con refugio legal” y la “deuda sobre el valor neto de la vivienda” se definen anteriormente bajo Cantidad Deducible. File taxes online free Reembolsos de intereses. File taxes online free   Si recibe un reembolso de intereses en el mismo año tributario en que los pagó, tiene que reducir su gasto de intereses por la cantidad que se le reembolse. File taxes online free Si recibe un reembolso de intereses que dedujo en un año anterior, por regla general tiene que incluirlo en sus ingresos en el año en que lo reciba. File taxes online free No obstante, necesita incluirlo sólo hasta la cantidad de la deducción que redujo su impuesto el año anterior. File taxes online free Esto es cierto independientemente de si los intereses cobrados en exceso le fueron reembolsados o se usaron para reducir el principal pendiente de su hipoteca. File taxes online free    Si recibe un reembolso de intereses que pagó en exceso en un año anterior, generalmente recibirá el Formulario 1098, Mortgage Interest Statement (Estado de cuenta de los intereses hipotecarios), en inglés, que muestra el reembolso en el recuadro 3. File taxes online free Para más información sobre el Formulario 1098, vea Formulario 1098, Estado de Cuenta de los Intereses Hipotecarios , más adelante. File taxes online free   Para más información sobre cómo tratar los reembolsos de intereses deducidos en años anteriores, vea Recuperación de Fondos , en el capítulo 12. File taxes online free Puntos El término “puntos” se usa para describir ciertos cargos pagados, o tratados como pagados, por un prestatario para obtener una hipoteca de vivienda. File taxes online free Los puntos también se pueden llamar costos originarios de un préstamo, cargos máximos de un préstamo, descuento del préstamo o puntos de descuento. File taxes online free A un prestatario se le trata como si pagara todos los puntos que paga un vendedor de vivienda por la hipoteca del prestatario. File taxes online free Vea Puntos pagados por el vendedor , más adelante. File taxes online free Regla General Por lo general, no se puede deducir la cantidad completa de puntos en el año en que se pagaron. File taxes online free Debido a que son intereses pagados por adelantado, generalmente se deducen proporcionalmente a lo largo de la vigencia (duración) de la hipoteca. File taxes online free Vea Deducción Permitida Proporcionalmente , que se presenta a continuación. File taxes online free Para excepciones a la regla general, vea Deducción Permitida en el Año del Pago , más adelante. File taxes online free Deducción Permitida Proporcionalmente Si no reúne las condiciones mencionadas a continuación bajo Deducción Permitida en el Año del Pago , el préstamo no es considerado un préstamo para mejoras de viviendas, o si escoge no deducir la totalidad de sus puntos en el año en que los pagó, puede deducir los puntos proporcionalmente (igualmente) a lo largo de la vida del préstamo si reúne todas las condiciones siguientes: Utiliza el método contable a base de efectivo. File taxes online free Esto significa que declara sus ingresos en el año en que los reciba y deduce sus gastos en el año en que los paga. File taxes online free La mayoría de las personas usan este método. File taxes online free Su préstamo está garantizado por una vivienda. File taxes online free (La vivienda no necesita ser su vivienda principal). File taxes online free El plazo del préstamo no es más de 30 años. File taxes online free Si el plazo del préstamo es más de 10 años, las condiciones de su préstamo son las mismas que las de otros préstamos ofrecidos en su área para el mismo plazo o un plazo más largo. File taxes online free El monto de su préstamo es de $250,000 o menos o el número de puntos no sobrepasa: 4, si el plazo del préstamo es 15 años o menos o 6, si el plazo del préstamo es más de 15 años. File taxes online free Deducción Permitida en el Año del Pago Puede deducir la totalidad de los puntos en el año en que se pagaron si cumple todas las condiciones siguientes. File taxes online free (Puede usar la Figura 23-B como guía rápida de referencia para averiguar si sus puntos son totalmente deducibles en el año del pago). File taxes online free Su préstamo está garantizado por su vivienda principal. File taxes online free (Su vivienda principal es aquélla donde usted reside la mayor parte del tiempo). File taxes online free Pagar puntos es una práctica comercial establecida en el área donde se efectuó el préstamo. File taxes online free Los puntos pagados no eran mayores que los puntos que se suelen cobrar en esa área. File taxes online free Utiliza el método contable a base de efectivo. File taxes online free Esto significa que declara sus ingresos en el año en que los reciba y deduce sus gastos en el año en que los paga. File taxes online free (Si desea más información acerca de este método, vea Métodos Contables en el capítulo 1). File taxes online free Los puntos no se pagaron en lugar de cantidades que suelen declarase por separado en el informe de cierre, tales como cargos por tasación, cargos por inspección, honorarios correspondientes al título de la propiedad, honorarios de abogado e impuestos sobre la propiedad. File taxes online free Los fondos que usted proveyó antes del cierre, o en el momento del mismo, más los puntos pagados por el vendedor, eran por lo menos iguales a los puntos que se cobraron. File taxes online free No se requiere que los fondos que proveyó hayan sido aplicados a los puntos. File taxes online free Pueden incluir un pago inicial o de enganche, un depósito en plica, un depósito de buena fe y otros fondos que usted pagó en el momento, o antes, del cierre por cualquier razón. File taxes online free No puede haber tomado prestados dichos fondos de su prestamista o agente hipotecario. File taxes online free Usa el préstamo para comprar o construir su vivienda principal. File taxes online free Los puntos se calcularon como un porcentaje del principal de la hipoteca. File taxes online free La cantidad aparece indicada claramente en el informe de cierre (tal como el Settlement Statement, Form HUD-1 (Informe de Cierre, Formulario HUD-1, del Departamento de Vivienda y Desarrollo Urbano)) como puntos cobrados por la hipoteca. File taxes online free Los puntos pueden aparecer indicados como puntos pagados con fondos suyos o del vendedor. File taxes online free Figura 23-B. File taxes online free ¿Son los Puntos Totalmente Deducibles este Año? Please click here for the text description of the image. File taxes online free Figura 23-B. File taxes online free ¿Son Los Puntos Totalmente Deducibles Este Año? Nota: Si reúne todas estas condiciones, puede optar por deducir la totalidad de los puntos en el año en que los pagó o deducirlos a lo largo de la vigencia del préstamo. File taxes online free Préstamo para mejoras de vivienda. File taxes online free   También puede deducir, en el año en que fueron pagados, la totalidad de los puntos pagados sobre un préstamo para mejorar su vivienda principal, si se cumplen las condiciones (1) a (6). File taxes online free Segunda vivienda. File taxes online free No puede deducir la totalidad de los puntos que pague sobre préstamos garantizados por su segunda vivienda en el año en el que los pagó. File taxes online free Puede deducir esos puntos únicamente a lo largo de la vida del préstamo. File taxes online free Refinanciamiento. File taxes online free   Por regla general, los puntos que pague para refinanciar una hipoteca no son deducibles en su totalidad el año en que los pague. File taxes online free Esto es cierto aunque la nueva hipoteca esté garantizada por su vivienda principal. File taxes online free   Sin embargo, si usa parte de los fondos procedentes de la hipoteca refinanciada para mejorar su vivienda principal y cumple las primeras 6 condiciones que aparecen bajo Deducción Permitida en el Año del Pago , anteriormente, puede deducir toda la parte de los puntos relacionada con la mejora en el año en que los pagó con sus propios fondos. File taxes online free Puede deducir el resto de los puntos a lo largo de la vida del préstamo. File taxes online free Ejemplo 1. File taxes online free En 1998, Guillermo Campos obtuvo una hipoteca para comprar una vivienda. File taxes online free En el año 2013, Guillermo refinanció dicha hipoteca con un préstamo hipotecario de $100,000 a 15 años. File taxes online free La hipoteca está garantizada por su vivienda. File taxes online free Para obtener el nuevo préstamo, tuvo que pagar tres puntos ($3,000). File taxes online free Dos puntos ($2,000) eran por intereses pagados por adelantado y un punto ($1,000) por servicios, en lugar de cantidades que generalmente se declaran por separado en el informe de cierre. File taxes online free Guillermo pagó los puntos con sus fondos personales en vez de pagarlos con los fondos procedentes del nuevo préstamo. File taxes online free El pago de los puntos es una práctica comercial establecida en esa área y los puntos que se cobraron no son mayores que la cantidad que se suele cobrar en dicha área. File taxes online free El plazo para el primer pago de Guillermo sobre el nuevo préstamo venció el 1 de julio. File taxes online free Hizo seis pagos sobre el préstamo en el año 2013 y es un contribuyente que sigue el método contable a base de efectivo. File taxes online free Guillermo usó los fondos procedentes de la nueva hipoteca para amortizar su hipoteca actual. File taxes online free Aunque el nuevo préstamo hipotecario era para que Guillermo siguiera siendo el dueño de su vivienda principal, dicho préstamo no era para la compra o mejora de aquella vivienda. File taxes online free No puede deducir todos los puntos en el año 2013. File taxes online free Puede deducir dos puntos ($2,000) proporcionalmente a lo largo de la vida del préstamo. File taxes online free Deduce $67 [($2,000 ÷ 180 meses) × 6 pagos] de los puntos en el año 2013. File taxes online free El otro punto ($1,000) era un cargo por servicios y no se puede deducir. File taxes online free Ejemplo 2. File taxes online free Los hechos son iguales a los del Ejemplo 1, excepto que Guillermo usó $25,000 de los fondos procedentes del préstamo para mejorar su vivienda y $75,000 para amortizar su hipoteca actual. File taxes online free Guillermo deduce el 25% ($25,000 ÷ $100,000) de los puntos ($2,000) en el año 2013. File taxes online free Su deducción es de $500 ($2,000 × 25%). File taxes online free Además, Guillermo deduce la parte proporcionada de los $1,500 sobrantes ($2,000 − $500) que se tiene que pagar a plazos intercalados a lo largo de la vida del préstamo. File taxes online free Esto es $50 [($1,500 ÷ 180 meses) × 6 pagos] en el año 2013. File taxes online free La cantidad total que Guillermo deduce en el año 2013 es $550 ($500 + $50). File taxes online free Situaciones Especiales Esta sección describe ciertas situaciones especiales que podrían afectar su deducción de puntos. File taxes online free Descuento de la emisión original. File taxes online free   Si no reúne los requisitos para deducir los puntos en el año en que los pagó o deducirlos proporcionalmente a lo largo de la vida del préstamo, o si escoge no utilizar ninguno de estos métodos, los puntos reducen el precio de emisión del préstamo. File taxes online free Esta reducción resulta en un descuento de la emisión original, el cual se explica en el capítulo 4 de la Publicación 535, Business Expenses (Gastos de negocios), en inglés. File taxes online free Cantidades cobradas por servicios. File taxes online free   Las cantidades cobradas por el prestamista por servicios específicos relacionados con el préstamo no son intereses. File taxes online free Ejemplos de estos cargos son: Cargos de tasación, Cargos por servicios de notario y Costos de preparación del pagaré hipotecario o escritura de título. File taxes online free No puede deducir estas cantidades como puntos ni en el año en que las pagó ni a lo largo de la vigencia de la hipoteca. File taxes online free Puntos pagados por el vendedor. File taxes online free   El término “puntos” incluye cargos por colocación del préstamo que el vendedor le paga al prestamista para proporcionar financiamiento para el comprador. File taxes online free En el caso del vendedor. File taxes online free   El vendedor no puede deducir estos cargos como intereses. File taxes online free Pero sí son un gasto de venta que reduce la cantidad obtenida por el mismo. File taxes online free Vea el capítulo 15 para información sobre la venta de su vivienda. File taxes online free En el caso del comprador. File taxes online free    El comprador reduce la base de la vivienda por la cantidad de los puntos pagados por el vendedor y trata los puntos como si él o ella los hubiera pagado. File taxes online free Si se cumplen todas las condiciones anteriores bajo Deducción Permitida en el Año del Pago , el comprador puede deducir los puntos en el año en que los pagó. File taxes online free Si no se reúne alguna de esas condiciones, el comprador deduce los puntos a lo largo de la vida del préstamo. File taxes online free   Para más información sobre la base, vea el capítulo 13 . File taxes online free Si los fondos provistos son menores que los puntos. File taxes online free   Si reúne todas las condiciones de la sección anterior Deducción Permitida en el Año del Pago , excepto que los fondos que proveyó eran menores que los puntos que le fueron cobrados (condición (6)), puede deducir los puntos en el año en que los pagó, hasta la cantidad de fondos que proveyó. File taxes online free Además, puede deducir todo punto pagado por el vendedor. File taxes online free Ejemplo 1. File taxes online free Cuando sacó un préstamo hipotecario de $100,000 para comprar su vivienda en diciembre, le cobraron un punto ($1,000). File taxes online free Usted reúne todas las condiciones para deducir puntos en el año en que los pagó, excepto que los únicos fondos que proveyó eran los de un pago inicial o enganche de $750. File taxes online free De los $1,000 cobrados por puntos, puede deducir $750 en el año en que los pagó. File taxes online free Puede deducir los $250 sobrantes a lo largo de la vigencia de la hipoteca. File taxes online free Ejemplo 2. File taxes online free Los hechos son iguales a los del Ejemplo 1, excepto que la persona que le vendió su vivienda también pagó un punto ($1,000) para ayudarlo a obtener su hipoteca. File taxes online free En el año del pago, usted puede deducir $1,750 ($750 de la cantidad que le cobraron a usted más los $1,000 pagados por el vendedor). File taxes online free Puede deducir los $250 sobrantes a lo largo de la vigencia de la hipoteca. File taxes online free Tiene que restar de la base de su vivienda los $1,000 pagados por el vendedor. File taxes online free Puntos en exceso. File taxes online free   Si reúne todas las condiciones de la sección anterior, Deducción Permitida en el Año del Pago , salvo que los puntos pagados eran mayores que los que generalmente se pagan en su área (condición (3)), en el año del pago deduce sólo los puntos que se suelen cobrar. File taxes online free Tiene que deducir los puntos adicionales a lo largo de la vigencia de la hipoteca. File taxes online free Hipoteca que termina antes del plazo de vigencia convenido. File taxes online free   Si distribuye la deducción de los puntos a lo largo de la vigencia de la hipoteca, puede deducir todo saldo restante en el año en que vence la hipoteca. File taxes online free Sin embargo, si la refinancia con el mismo prestamista, no puede deducir ningún saldo restante de los puntos distribuidos a lo largo de la vigencia de dicha hipoteca. File taxes online free En vez de ello, deduzca el saldo restante a lo largo de la vigencia del nuevo préstamo. File taxes online free    Una hipoteca podría vencer antes de lo programado debido al pago por adelantado, refinanciamiento, ejecución de hipoteca o acontecimiento parecido. File taxes online free Ejemplo. File taxes online free Daniel pagó $3,000 en puntos en 2002 que tuvo que deducir distribuidos a lo largo de la vigiencia de su hipoteca de 15 años. File taxes online free Deduce $200 en puntos por año. File taxes online free Ha deducido $2,200 de estos puntos hasta el año 2012, inclusive. File taxes online free Daniel pagó por adelantado la totalidad de su hipoteca en el año 2013. File taxes online free Puede deducir los $800 de puntos restantes en el año 2013. File taxes online free Límites sobre la deducción. File taxes online free   No puede deducir la totalidad de los puntos sobre una hipoteca a menos que la misma corresponda a una de las categorías enumeradas anteriormente bajo Intereses totalmente deducibles . File taxes online free Vea la Publicación 936, en inglés, para más información. File taxes online free Primas de Seguro Hipotecario Las primas pagadas por un seguro hipotecario calificado durante el año 2013 se pueden deducir como intereses hipotecarios de vivienda. File taxes online free Dicho seguro tiene que estar relacionado con una deuda por adquisición de vivienda; el contrato de seguro tiene que haberse emitido después del año 2006. File taxes online free Seguro hipotecario calificado. File taxes online free   El seguro hipotecario calificado incluye seguros hipotecarios facilitados por el Departamento de Asuntos de los Veteranos, la Administración Federal de Vivienda o el Servicio de la Vivienda Rural y seguros hipotecarios privados (como se define en la sección 2 de la Homeowners Protection Act (Ley de Protección del Propietario de Vivienda) de 1998, según vigencia del 20 de diciembre de 2006). File taxes online free   El seguro hipotecario provisto por el Departamento de Asuntos de los Veteranos se conoce comúnmente como cargo de financiamiento (funding fee). File taxes online free Si es provisto por el Servicio de la Vivienda Rural, entonces se conoce como cargo de garantía (guarantee fee). File taxes online free Si el contrato de seguro hipotecario entró en vigencia en el año 2013, dichas comisiones se pueden deducir en su totalidad en ese mismo año. File taxes online free Póngase en contacto con el emisor del seguro hipotecario para calcular el monto deducible, si éste no se ha declarado en el recuadro 4 del Formulario 1098. File taxes online free Reglas especiales para pagos adelantados de seguro hipotecario. File taxes online free   Normalmente, si pagó primas de un seguro hipotecario calificado que se puedan asignar a algún período después del cierre del año tributario, se considera que dichas primas se han pagado en el período al que se asignan. File taxes online free Tiene que asignar las primas a lo largo del plazo de vigencia establecido por la hipoteca u 84 meses, lo que sea más corto, a partir del mes en el que se obtuvo el seguro. File taxes online free No se permite deducción alguna por el saldo no amortizado si se paga la hipoteca antes del plazo de vigencia convenido. File taxes online free Este párrafo no corresponde en el caso de un seguro hipotecario calificado que le haya facilitado el Departamento de Asuntos de los Veteranos o el Servicio de la Vivienda Rural. File taxes online free Vea el Ejemplo que se presenta a continuación. File taxes online free Ejemplo. File taxes online free Ronaldo compró una vivienda en mayo de 2012 y la financió por medio de una hipoteca de 15 años. File taxes online free Además, Ronaldo pagó por adelantado la totalidad de los $9,240 en seguros hipotecarios privados que estuvo obligado a pagar en el momento del cierre, en el mes de mayo. File taxes online free Ya que los $9,240 en seguros hipotecarios privados se pueden asignar a períodos posteriores a 2012, Ronaldo tiene que asignar los $9,240 a lo largo del plazo de vigencia establecido por la hipoteca u 84 meses, lo que sea más corto. File taxes online free Los ingresos brutos ajustados de Ronaldo son $76,000 para 2012. File taxes online free Ronaldo puede deducir $880 ($9,240 ÷ 84 x 8 meses) por primas de un seguro hipotecario calificado en 2012. File taxes online free Para 2013, Ronaldo puede deducir $1,320 ($9,240 ÷ 84 x 12 meses) si sus ingresos brutos ajustados son $100,000 o menos. File taxes online free En este ejemplo, las primas de seguro hipotecario son asignadas a lo largo de 84 meses, lo cual es más corto que el plazo de vigencia de 15 años (180 meses) establecido por la hipoteca. File taxes online free Límite sobre la deducción. File taxes online free   Si su ingreso bruto ajustado en la línea 38 del Formulario 1040 es más de $100,000 ($50,000, si es casado que presenta la declaración por separado), se reduce, e incluso podría eliminarse, la cantidad de las primas del seguro hipotecario que de otro modo serían deducibles. File taxes online free Para calcular la cantidad que puede deducir, vea Line 13 (Línea 13) en las Instrucciones del Anexo A (Formulario 1040) y complete la Mortgage Insurance Premiums Deduction Worksheet (Hoja de trabajo para la deducción de primas de seguro hipotecario). File taxes online free Si su ingreso bruto ajustado es más de $109,000 ($54,500, si es casado que presenta la declaración por separado) no puede deducir las primas de un seguro hipotecario. File taxes online free Formulario 1098, Estado de Cuenta de los Intereses Hipotecarios Si usted pagó $600 o más en intereses hipotecarios (incluidos ciertos puntos y primas de seguro hipotecario) durante el año sobre una hipoteca, generalmente recibirá un Formulario 1098, o estado de cuenta parecido, del titular de la hipoteca. File taxes online free Recibirá el estado de cuenta si le paga intereses a una persona (incluyendo una institución financiera o una sociedad anónima cooperativa de viviendas) en el transcurso de la ocupación o negocio de aquella persona. File taxes online free Una unidad del gobierno se considera una persona para fines de facilitar el estado de cuenta. File taxes online free El estado de cuenta para cada año debería serle enviado a usted a más tardar el 31 de enero del año siguiente. File taxes online free Una copia de este formulario también le será enviada al IRS. File taxes online free En el estado de cuenta aparecerá el total de los intereses que usted pagó durante el año, todas las primas de seguro hipotecario que pagó y, si compró una vivienda principal durante el año, también aparecerán en el estado de cuenta los puntos deducibles pagados durante el año, incluidos puntos pagados por el vendedor. File taxes online free Sin embargo, el estado de cuenta no debería mostrar ningún interés que una dependencia del gobierno haya pagado en nombre suyo. File taxes online free Por regla general, el Formulario 1098 incluirá sólo los puntos que usted puede deducir totalmente en el año en que los pagó. File taxes online free Sin embargo, ciertos puntos no incluidos en el Formulario 1098 también podrían ser deducibles en el año en que los pagó o a lo largo de la vigencia del préstamo. File taxes online free Vea la sección anterior Puntos , para determinar si puede deducir puntos que no aparecen en el Formulario 1098. File taxes online free Intereses pagados por adelantado en el Formulario 1098. File taxes online free   Si pagó intereses por adelantado en el año 2013 devengados en su totalidad para el 15 de enero de 2014, estos intereses pagados por adelantado podrían ser incluidos en el recuadro 1 del Formulario 1098. File taxes online free No obstante, no puede deducir la cantidad pagada por adelantado para enero del año 2014 en el año 2013. File taxes online free (Vea Intereses pagados por adelantado , anteriormente). File taxes online free Tendrá que calcular los intereses devengados en el año 2014 y restarlos de la cantidad del recuadro 1. File taxes online free Incluirá los intereses para enero del año 2014 con los demás intereses que pague para el año 2014. File taxes online free Vea Cómo Hacer la Declaración , más adelante. File taxes online free Intereses reembolsados. File taxes online free   Si recibió un reembolso de intereses hipotecarios que pagó en exceso en un año anterior, por lo general, recibirá un Formulario 1098 que muestre el reembolso en el recuadro 3. File taxes online free Vea Reembolsos de intereses , anteriormente. File taxes online free Primas de seguro hipotecario. File taxes online free   La cantidad de primas de seguro hipotecario que pagó en el año 2013 podría aparecer en el recuadro 4 del Formulario 1098. File taxes online free Vea Primas de Seguro Hipotecario , anteriormente. File taxes online free Intereses Procedentes de Inversiones Esta sección trata sobre los gastos de intereses que quizás podría deducir como inversionista. File taxes online free Si saca un préstamo para comprar propiedad que tiene con fines de inversión, los intereses que pague son intereses de inversión. File taxes online free Puede deducir intereses de inversión conforme al límite explicado más adelante. File taxes online free Sin embargo, no puede deducir intereses en los que incurrió para generar ingresos exentos de impuestos. File taxes online free Tampoco puede deducir gastos de intereses sobre una doble opción simultánea de compra y venta. File taxes online free Los intereses de inversión no incluyen intereses hipotecarios sobre una vivienda calificada. File taxes online free Tampoco incluyen intereses que se hayan tenido en cuenta al calcular ingresos o pérdidas provenientes de una actividad pasiva. File taxes online free Bienes de Inversión Los bienes que se tienen para fines de inversión incluyen bienes que producen intereses, dividendos, anualidades o regalías no generados en el curso normal de las operaciones de una ocupación o negocio. File taxes online free Además, incluyen bienes que producen ganancias o pérdidas (no generadas en el curso normal de las operaciones de una ocupación o negocio) provenientes de la venta o intercambio comercial de bienes que producen este tipo de ingresos o que se tienen para fines de inversión (a excepción de intereses en una actividad pasiva). File taxes online free Los bienes de inversión también incluyen la participación en una actividad relacionada con su ocupación o negocio en la que usted no participó materialmente (a excepción de una actividad pasiva). File taxes online free Socios, accionistas y beneficiarios. File taxes online free   Para determinar sus intereses de inversión, sume su participación en los intereses de inversión de una sociedad colectiva, sociedad anónima de tipo S, caudal hereditario o fideicomiso más sus demás intereses de inversión. File taxes online free Asignación de Gastos de Intereses Si saca un préstamo para fines comerciales o personales además de fines de inversión, tiene que asignar la deuda entre estos fines. File taxes online free Sólo el gasto de intereses de la parte de la deuda que se usa para fines de inversión se considera intereses de inversión. File taxes online free La asignación no se ve afectada por el uso de bienes que garantizan la deuda. File taxes online free Límite sobre la Deducción Por regla general, la deducción por gastos de intereses de inversión se limita a la cantidad del ingreso neto de inversiones. File taxes online free Puede trasladar al año tributario siguiente la cantidad de intereses de inversión que no pudo deducir debido a este límite. File taxes online free Los intereses trasladados se consideran intereses de inversión pagados o acumulados en ese año siguiente. File taxes online free Puede trasladar al año tributario siguiente intereses de inversión denegados aun si son mayores que su ingreso tributable en el año en que los intereses se pagaron o se acumularon. File taxes online free Ingresos Netos de Inversiones Determine la cantidad de sus ingresos netos de inversiones restando sus gastos de inversión (a excepción de los gastos de intereses) de sus ingresos de inversiones. File taxes online free Ingresos procedentes de inversiones. File taxes online free    Por regla general, esto incluye su ingreso bruto proveniente de bienes que se tengan con fines de inversión (tales como intereses, dividendos, anualidades y regalías). File taxes online free El ingreso de inversiones no incluye dividendos del Alaska Permanent Fund (Fondo Permanente de Alaska). File taxes online free Tampoco incluye dividendos calificados o ganancias de capital netas a no ser que usted escoja incluirlos. File taxes online free Si escoge incluir dividendos calificados. File taxes online free   Los ingresos de inversiones normalmente no incluyen dividendos calificados, explicados en el capítulo 8. File taxes online free No obstante, puede escoger incluir la totalidad o parte de sus dividendos calificados en los ingresos de inversiones. File taxes online free   Esta opción se hace llenando la línea 4g del Formulario 4952, en inglés, según las instrucciones del mismo. File taxes online free   Si escoge incluir alguna cantidad de sus dividendos calificados en los ingresos de inversiones, tendrá que restar esa misma cantidad de los dividendos calificados con derecho a las tasas tributarias más bajas aplicadas a ganancias de capital. File taxes online free Si escoge incluir ganancias netas de capital. File taxes online free   Por regla general, los ingresos de inversiones no incluyen ganancias netas de capital provenientes de la enajenación de bienes de inversión (incluidas distribuciones de ganancias de capital provenientes de fondos mutuos). File taxes online free No obstante, puede escoger incluir la totalidad o parte de sus ganancias netas de capital en los ingresos de inversiones. File taxes online free    Esta opción se hace llenando la línea 4g del Formulario 4952, en inglés, según las instrucciones del mismo. File taxes online free   Si escoge incluir alguna cantidad de sus ganancias netas de capital en los ingresos de inversiones, tiene que restar esa misma cantidad de las ganancias netas de capital con derecho a las tasas tributarias más bajas aplicadas a ganancias de capital. File taxes online free    Antes de escoger entre las dos opciones, tenga en cuenta el efecto general sobre su obligación tributaria. File taxes online free Compare el impuesto que pagaría si tomara una o ambas opciones con el impuesto si no tomara ninguna de las dos. File taxes online free Ingresos de inversiones de un hijo declarados por los padres. File taxes online free    Los ingresos de inversiones incluyen la parte del ingreso de intereses y dividendos de su hijo que escoge declarar en su declaración. File taxes online free Si el hijo no tiene dividendos calificados, dividendos del Alaska Permanent Fund (Fondo Permanente de Alaska) o distribuciones de ganancias de capital, esta cantidad corresponde a la línea 6 del Formulario 8814, Parents' Election To Report Child's Interest and Dividends (Elección de los padres de declarar los intereses y dividendos del hijo), en inglés. File taxes online free Dividendos calificados del hijo. File taxes online free   Si parte de la cantidad que usted declara corresponde a los dividendos calificados de su hijo, esa parte (la cual se declara en la línea 9b del Formulario 1040) generalmente no cuenta como ingreso de inversiones. File taxes online free Sin embargo, puede escoger incluir toda o parte de la misma en los ingresos de inversiones, como se explica en Si escoge incluir dividendos calificados , anteriormente. File taxes online free   Sus ingresos de inversiones también incluyen la cantidad de la línea 12 del Formulario 8814 (o, si corresponde, la cantidad reducida calculada bajo Dividendos del Alaska Permanent Fund (Fondo Permanente de Alaska) del hijo, tema presentado a continuación. File taxes online free Dividendos del Alaska Permanent Fund (Fondo Permanente de Alaska) del hijo. File taxes online free   Si parte de la cantidad que declara corresponde a los dividendos de su hijo del Alaska Permanent Fund, dicha parte no cuenta como ingresos de inversiones. File taxes online free Para calcular la cantidad de los ingresos de su hijo que usted puede considerar ingresos de inversiones suyos, empiece con la cantidad que aparece en la línea 6 del Formulario 8814. File taxes online free Multiplique dicha cantidad por un porcentaje que sea igual a los dividendos del Alaska Permanent Fund divididos por el total de la línea 4 del Formulario 8814. File taxes online free Reste el resultado de la cantidad de la línea 12 del Formulario 8814. File taxes online free Distribuciones de las ganancias de capital del hijo. File taxes online free    Si parte de la cantidad que usted declara corresponde a distribuciones de las ganancias de capital de su hijo, dicha parte (la cual se declara en la línea 13 del Anexo D o la línea 13 del Formulario 1040) generalmente no cuenta como ingresos de inversiones. File taxes online free Sin embargo, puede escoger incluir la totalidad o parte de la misma en los ingresos de inversiones, como se explica en Si escoge incluir ganancias netas de capital , anteriormente. File taxes online free   Sus ingresos de inversiones también incluyen la cantidad de la línea 12 del Formulario 8814 (o, si corresponde, la cantidad reducida calculada bajo Dividendos del Alaska Permanent Fund (Fondo Permanente de Alaska) del hijo , anteriormente). File taxes online free Gastos de inversión. File taxes online free   Los gastos de inversión incluyen las deducciones permitidas (a excepción de los gastos de intereses) relacionados directamente con la generación de ingresos de inversión. File taxes online free Los gastos de inversión que se incluyan como deducción detallada miscelánea en el Anexo A (Formulario 1040) son deducciones permisibles después de haberse aplicado el límite del 2% que corresponde a las deducciones detalladas misceláneas. File taxes online free Utilice la cantidad que sea menor entre: Los gastos de inversión incluidos en la línea 23 del Anexo A (Formulario 1040) o La cantidad de la línea 27 del Anexo A. File taxes online free Pérdidas de actividades pasivas. File taxes online free   Los ingresos o gastos que usted utilizó al calcular su ingreso o pérdida de una actividad pasiva no se incluyen al determinar sus ingresos o gastos de inversión (incluidos gastos de intereses de inversión). File taxes online free Vea la Publicación 925, Passive Activity and At-Risk Rules (Actividad pasiva y reglas sobre el monto a riesgo), en inglés, para información acerca de las actividades pasivas. File taxes online free Formulario 4952 Use el Formulario 4952, Investment Interest Expense Deduction (Deducción por gastos de intereses de inversión), en inglés, para calcular su deducción por intereses de inversión. File taxes online free Excepción al uso del Formulario 4952. File taxes online free   No tiene que llenar el Formulario 4952 ni adjuntarlo a su declaración si reúne todos los requisitos siguientes: Sus gastos de intereses de inversión no son mayores que sus ingresos de inversión provenientes de intereses y dividendos ordinarios menos los dividendos calificados. File taxes online free No tiene ningún otro gasto de inversión deducible. File taxes online free No ha traspasado ningún gasto de intereses de inversión del año 2012. File taxes online free Si reúne todas estas condiciones, puede deducir todos sus intereses de inversión. File taxes online free Información Adicional Para más información sobre los intereses de inversión, vea Interest Expenses (Gastos de intereses), en el capítulo 3 de la Publicación 550, en inglés. File taxes online free Cantidades que No Puede Deducir Algunos pagos de intereses no son deducibles. File taxes online free Ciertos gastos semejantes a los intereses tampoco son deducibles. File taxes online free Los gastos no deducibles incluyen los siguientes: Intereses personales (explicados más adelante). File taxes online free Cargos por servicios (no obstante, vea Otros Gastos (Línea 23) en el capítulo 28). File taxes online free Cargos anuales por tarjetas de crédito. File taxes online free Cargos de préstamos. File taxes online free Cargos por investigación de crédito. File taxes online free Intereses para comprar o tener valores exentos de impuestos. File taxes online free Multas y sanciones. File taxes online free   No puede deducir multas y sanciones pagadas a un gobierno por violaciones de la ley, independientemente de su naturaleza. File taxes online free Intereses Personales Los intereses personales no son deducibles. File taxes online free Los intereses personales son aquellos intereses que no son intereses hipotecarios de vivienda, intereses de inversión, intereses comerciales u otros intereses deducibles. File taxes online free Incluyen lo siguiente: Intereses sobre préstamos de automóvil (a menos que usted use el automóvil para negocios). File taxes online free Intereses sobre el impuesto federal, estatal o local sobre el ingreso. File taxes online free Cargos por financiamiento de tarjetas de crédito, contratos de venta al por menor a plazos y cuentas de crédito rotativas en los que se ha incurrido por gastos personales. File taxes online free Multas por pagos atrasados por una empresa de servicios públicos. File taxes online free Quizás pueda deducir los intereses que pague sobre un préstamo de estudios calificado. File taxes online free Para más detalles, vea la Publicación 970, Tax Benefits for Education (Beneficios tributarios por estudios), en inglés. File taxes online free Asignación de Intereses Si usa los fondos de un préstamo para más de un propósito (por ejemplo, personal y comercial), tiene que asignar los intereses sobre el préstamo para cada uso. File taxes online free Sin embargo, no tiene que asignar intereses hipotecarios de vivienda si son totalmente deducibles, independientemente de cómo se usen los fondos. File taxes online free Los intereses sobre un préstamo (a excepción de intereses hipotecarios de vivienda totalmente deducibles) se asignan igual que se asigna el préstamo mismo. File taxes online free Esto se hace averiguando cómo se asignaron a usos específicos los desembolsos de los fondos procedentes de la deuda. File taxes online free Para más información sobre cómo hacer esto, vea el capítulo 4 de la Publicación 535, en inglés. File taxes online free Cómo Hacer la Declaración Tiene que presentar el Formulario 1040 para deducir los gastos de intereses hipotecarios de vivienda en su declaración de impuestos. File taxes online free El lugar donde se deducen los gastos de intereses suele depender de cómo se usen los fondos procedentes del préstamo. File taxes online free Vea la Tabla 23-1 para un resumen de dónde deducir sus gastos de intereses. File taxes online free Tabla 23-1. File taxes online free Dónde Deducir los Gastos de Intereses SI usted tiene. File taxes online free . File taxes online free . File taxes online free ENTONCES dedúzcalo en la. File taxes online free . File taxes online free . File taxes online free Y para más información pase a la(s). File taxes online free . File taxes online free . File taxes online free intereses deducibles sobre un préstamo de estudios línea 33 del Formulario 1040 o la línea 18 del Formulario 1040A Publicación 970, en inglés. File taxes online free intereses deducibles sobre una hipoteca de vivienda y puntos declarados en el Formulario 1098 línea 10 del Anexo A (Formulario 1040) Publicación 936, en inglés. File taxes online free intereses deducibles sobre una hipoteca de vivienda no declarados en el Formulario 1098 línea 11 del Anexo A (Formulario 1040) Publicación 936, en inglés. File taxes online free puntos deducibles no declarados en el Formulario 1098 línea 12 del Anexo A (Formulario 1040) Publicación 936, en inglés. File taxes online free primas de un seguro hipotecario deducibles línea 13 del Anexo A (Formulario 1040) Publicación 936, en inglés. File taxes online free intereses de inversión deducibles (a excepción de intereses en los que se haya incurrido para generar alquileres o regalías) línea 14 del Anexo A (Formulario 1040) Publicación 550, en inglés. File taxes online free intereses comerciales deducibles (no agrícolas) Anexo C o C-EZ (Formulario 1040) Publicación 535, en inglés. File taxes online free intereses deducibles de negocio agrícola Anexo F (Formulario 1040) Publicaciones 225 y 535, en inglés. File taxes online free intereses deducibles en los que se haya incurrido para generar alquileres o regalías Anexo E (Formulario 1040) Publicaciones 527 y 535, en inglés. File taxes online free intereses personales no deducibles. File taxes online free Intereses y puntos de una hipoteca de vivienda. File taxes online free   Deduzca los intereses y puntos de una hipoteca de vivienda que le sean declarados a usted en el Formulario 1098, anotándolos en la línea 10 del Anexo A (Formulario 1040). File taxes online free Si usted le pagó a la institución financiera más intereses deducibles que la cantidad que aparece en el Formulario 1098, anote la cantidad deducible que sea mayor en la línea 10. File taxes online free Adjunte un documento escrito explicando la diferencia y escriba “See attached” (Vea el documento adjunto) en letra de molde al lado de la línea 10. File taxes online free    En el caso de los intereses hipotecarios de vivienda que no se le declararon a usted en el Formulario 1098, dedúzcalos en la línea 11 del Anexo A (Formulario 1040). File taxes online free Si le pagó intereses hipotecarios de vivienda a la persona a la cual le compró su vivienda, anote el nombre, dirección y número de identificación del contribuyente (TIN, por sus siglas en inglés) de dicha persona en la línea de puntos al lado de la línea 11. File taxes online free El vendedor tiene que darle a usted este número y usted tiene que darle al vendedor su número de identificación del contribuyente. File taxes online free Para este fin, puede utilizar el Formulario W-9(SP), Solicitud y Certificación del Número de Identificación del Contribuyente (o el Formulario W-9, en inglés). File taxes online free La falta de cumplimiento de alguno de estos requisitos podría resultar en una multa de $50 por cada incumplimiento. File taxes online free El TIN puede ser un número de Seguro Social, un número de identificación de contribuyente individual (emitido por el IRS) o un número de identificación del empleador. File taxes online free Vea Número de Seguro Social , en el capítulo 1, para más información sobre los TIN. File taxes online free    Si puede declarar una deducción por puntos que no le fueron comunicados en el Formulario 1098, deduzca esos puntos en la línea 12 del Anexo A (Formulario 1040). File taxes online free    Deduzca primas de seguro hipotecario en la línea 13 del Anexo A (Formulario 1040). File taxes online free Más de un prestatario. File taxes online free   Si usted y por lo menos otra persona (que no sea su cónyuge, si presenta una declaración conjunta) eran responsables de pagar, y pagaron, los intereses de una hipoteca para su vivienda, y la otra persona recibió un Formulario 1098 mostrando los intereses pagados durante el año, adjunte un documento escrito a su declaración de impuestos explicándolo. File taxes online free Anote la cantidad de los intereses que cada uno pagó y dé el nombre y la dirección de la persona que recibió el formulario. File taxes online free Deduzca su parte de los intereses en la línea 11 del Anexo A (Formulario 1040) y escriba “ See attached ” (Vea el documento adjunto) en letra de molde al lado de esta línea. File taxes online free Además, deduzca su parte de toda prima de seguro hipotecario en la línea 13 del Anexo A (Formulario 1040). File taxes online free   Del mismo modo, si es el pagador oficial de una hipoteca sobre la cual hay otros prestatarios con derecho a una deducción por los intereses que aparecen en el Formulario 1098 que recibió, deduzca únicamente su parte de los intereses en la línea 10 del Anexo A (Formulario 1040). File taxes online free Usted debe comunicarles a los demás prestatarios qué participación en los intereses tiene cada uno. File taxes online free Fondos procedentes de una hipoteca utilizados para negocios o inversiones. File taxes online free    Si su deducción por intereses hipotecarios de vivienda es limitada pero la totalidad o una parte de los fondos procedentes de la hipoteca se utilizaron para fines comerciales, de inversión o para otras actividades deducibles, vea la Tabla 23-1 . File taxes online free La misma indica dónde deducir las partes de los intereses en exceso que correspondan a esas actividades. File taxes online free Intereses de inversión. File taxes online free    Deduzca los intereses de inversión, sujetos a ciertos límites explicados en la Publicación 550, en inglés, anotándolos en la línea 14 del Anexo A (Formulario 1040). File taxes online free Amortización de primas sobre bonos. File taxes online free   Hay varias maneras de tratar las primas que se pagan para comprar bonos tributables. File taxes online free Vea Bond Premium Amortization (Amortización de Primas sobre Bonos) en la Publicación 550, en inglés. File taxes online free Intereses por regalías o de alquiler que generen ingresos. File taxes online free   Deduzca en la Parte I del Anexo E (Formulario 1040) los intereses sobre un préstamo para bienes de alquiler que generen ingresos o bienes que generen regalías y que no se usen en un negocio. File taxes online free Ejemplo. File taxes online free Usted alquila una parte de su vivienda y saca un préstamo para hacer reparaciones. File taxes online free Puede deducir sólo el pago de intereses de la parte alquilada anotándolo en la Parte I del Anexo E (Formulario 1040). File taxes online free Deduzca el resto del pago de intereses en el Anexo A (Formulario 1040) si son intereses hipotecarios de vivienda deducibles. File taxes online free Prev  Up  Next   Home   More Online Publications