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H&r block free tax 28. H&r block free tax   Deducciones Misceláneas Table of Contents Qué Hay de Nuevo Introduction Useful Items - You may want to see: Deducciones Sujetas al Límite del 2%Gastos del Empleado no Reembolsados (Línea 21) Costos de la Preparación de la Declaración de Impuestos (Línea 22) Otros Gastos (Línea 23) Deducciones no Sujetas al Límite del 2%Lista de Deducciones Gastos no DeduciblesLista de Gastos no Deducibles Qué Hay de Nuevo Tarifa estándar por milla. H&r block free tax  La tarifa para uso comercial de un vehículo en 2013 es 56½ centavos por milla. H&r block free tax Introduction Este capítulo explica qué gastos pueden declararse como deducciones detalladas misceláneas en el Anexo A (Formulario 1040). H&r block free tax Usted tendrá que reducir por el 2% de su ingreso bruto ajustado el total de la mayoría de las deducciones misceláneas detalladas. H&r block free tax Este capítulo trata los siguientes temas: Deducciones sujetas al límite del 2%. H&r block free tax Deducciones no sujetas al límite del 2%. H&r block free tax Gastos que no se pueden deducir. H&r block free tax Tiene que guardar documentación para verificar sus deducciones. H&r block free tax Debe guardar sus recibos, cheques cancelados, cheques sustitutivos, estados de cuentas financieras y otros documentos comprobantes. H&r block free tax Si desea obtener más información sobre el mantenimiento de documentación, obtenga la Publicación 552, Recordkeeping for Individuals (Mantenimiento de documentación para personas físicas), en inglés. H&r block free tax Useful Items - You may want to see: Publicación 463 Travel, Entertainment, Gift, and Car Expenses (Gastos de viaje, entretenimiento, regalos y automóvil), en inglés 525 Taxable and Nontaxable Income (El ingreso tributable y no tributable), en inglés 529 Miscellaneous Deductions (Deducciones misceláneas), en inglés 535 Business Expenses (Gastos de negocios), en inglés 587 Business Use of Your Home (Including Use by Daycare Providers) (Uso de su domicilio para propósitos comerciales (incluyendo el uso por proveedores de cuidado infantil)), en inglés 946 How To Depreciate Property (Cómo depreciar la propiedad), en inglés Formulario (e Instrucciones) Anexo A (Formulario 1040) Itemized Deductions (Deducciones detalladas), en inglés 2106 Employee Business Expenses (Gastos de negocio del empleado), en inglés 2106-EZ Unreimbursed Employee Business Expenses (Gastos de negocio del empleado no reembolsados), en inglés Deducciones Sujetas al Límite del 2% Usted puede deducir ciertos gastos como deducciones detalladas misceláneas en el Anexo A (Formulario 1040). H&r block free tax Puede deducir la parte de sus gastos que supere al 2% de su ingreso bruto ajustado. H&r block free tax Se calcula la deducción en el Anexo A; restando el 2% de sus ingresos brutos ajustados del total de estos gastos. H&r block free tax Su ingreso bruto ajustado es la cifra escrita en la línea 38 del Formulario 1040. H&r block free tax Por lo general, se aplica el límite del 2% después de aplicar los demás límites de deducciones. H&r block free tax Por ejemplo, el límite del 50% (o del 80%) sobre comidas y entretenimiento relacionados con los negocios (explicado en el capítulo 26) se aplica antes de aplicar el límite del 2%. H&r block free tax Las deducciones sujetas al límite del 2% se explican aquí de acuerdo con las tres categorías en las cuales los declara en el Anexo A (Formulario 1040): Gastos del empleado no reembolsados (línea 21). H&r block free tax Costos de la preparación de la declaración de impuestos (línea 22). H&r block free tax Otros gastos (línea 23). H&r block free tax Gastos del Empleado no Reembolsados (Línea 21) Generalmente, uno puede deducir en la línea 21 del Anexo A (Formulario 1040) los gastos del empleado no reembolsados que: Pague o en los que incurra durante el año tributario, Sean necesarios para llevar a cabo su oficio o negocio como empleado y Sean ordinarios y necesarios. H&r block free tax Un gasto es “ordinario” si es común y aceptado en su oficio, negocio o profesión. H&r block free tax Un gasto es necesario si es adecuado y útil para su negocio. H&r block free tax Un gasto no tiene que ser obligatorio para considerarse necesario. H&r block free tax A continuación se indican algunos ejemplos de gastos del empleado no reembolsados. H&r block free tax Después de la lista encontrará otros ejemplos de gastos del empleado no reembolsados. H&r block free tax Deudas incobrables incurridas por un empleado en la ejecución de su trabajo. H&r block free tax Educación relacionada con el trabajo. H&r block free tax (Vea el capítulo 27). H&r block free tax Honorarios legales relacionados con su trabajo. H&r block free tax Licencias y tarifas reglamentarias. H&r block free tax Primas de seguro contra negligencia profesional. H&r block free tax Exámenes médicos requeridos por un empleador. H&r block free tax Impuestos sobre una profesión u ocupación. H&r block free tax Pasaporte para un viaje de negocios. H&r block free tax Suscripciones a revistas profesionales y de industria relacionadas con su trabajo. H&r block free tax Viajes, transporte, entretenimiento y regalos relacionados con su trabajo. H&r block free tax (Vea el capítulo 26). H&r block free tax Seguro de Responsabilidad Comercial Puede deducir las primas de seguro que pagó para protegerse contra responsabilidad personal por actos ilícitos en el trabajo. H&r block free tax Daños por Incumplimiento de Contrato de Empleo Si deja de cumplir con un contrato de empleo, puede deducir los daños que pague a su antiguo empleador que sean atribuibles a la paga que había recibido de ese empleador. H&r block free tax Depreciación de Computadoras Puede declarar una deducción por depreciación de una computadora que usted usa en el trabajo como empleado si su uso: Es para conveniencia de su empleador y Se requiere como una condición de su empleo. H&r block free tax Para obtener información acerca de las reglas y excepciones a las reglas que afectan las deducciones permitidas por una computadora en su casa, vea la Publicación 529, en inglés. H&r block free tax Cuotas a Cámaras de Comercio y Asociaciones Profesionales Es posible que pueda deducir cuotas pagadas a organizaciones profesionales (como asociaciones de abogados y asociaciones médicas) y a cámaras de comercio y organizaciones parecidas, si la afiliación le ayuda a realizar los deberes de su trabajo. H&r block free tax Estas organizaciones incluyen: Juntas comerciales, Asociaciones comerciales, Organizaciones cívicas o de servicios públicos, Juntas de bienes raíces y Asociaciones profesionales. H&r block free tax Actividades políticas y de cabildeo. H&r block free tax   Quizás no pueda deducir la parte de sus cuotas destinada a ciertas actividades políticas y de cabildeo. H&r block free tax Vea Cuotas usadas para cabildeo bajo Gastos no Deducibles, más adelante. H&r block free tax Gastos del Educador Si en el año 2013 usted era un educador que reunía los requisitos, usted puede deducir hasta $250 de gastos calificados que usted pagó en el año 2013 como ajuste a los ingresos brutos, en la línea 23 del Formulario 1040, en vez de una deducción detallada miscelánea. H&r block free tax Si presenta el Formluario 1040A, usted podría deducir estos gastos en la línea 16. H&r block free tax Si usted y su cónyuge están presentando una declaración conjunta y ambos fueron educadores calificados, la deducción máxima es $500. H&r block free tax No obstante, ninguno puede deducir más de $250 como gastos calificados. H&r block free tax Oficina en el Domicilio Si de manera habitual, usted usa una parte de su domicilio exclusivamente para propósitos comerciales, tal vez pueda deducir una parte de los gastos de operación y depreciación de su domicilio. H&r block free tax Puede reclamar esta deducción por el uso comercial de una parte de su domicilio sólo si utiliza esa parte habitual y exclusivamente: Como el lugar principal de negocios para algún oficio o negocio, Como lugar para reunirse o recibir a sus pacientes o clientes en el transcurso normal de su oficio o negocio o En el caso de un edificio separado no conectado a su domicilio, si lo usa para fines de su oficio o negocio. H&r block free tax Dicho uso comercial, habitual y exclusivo tiene que ser para conveniencia de su empleador y no sólo adecuado y útil para su propio trabajo. H&r block free tax Vea la Publicación 587, en inglés, para obtener información más detallada y una hoja de trabajo. H&r block free tax Gastos Relacionados con la Búsqueda de Empleo Puede deducir determinados gastos que tenga al buscar un nuevo trabajo en su profesión actual, incluso si no lo consigue. H&r block free tax Pero no puede deducir estos gastos si: Busca trabajo en una nueva profesión, Hubo una pausa considerable entre el término de su último trabajo y la búsqueda de un trabajo nuevo o Busca trabajo por primera vez. H&r block free tax Cuotas de agencias de colocación y empleo. H&r block free tax   Puede deducir cuotas que pague a agencias de colocación y empleo que usa como parte de su búsqueda de trabajo en su profesión actual. H&r block free tax Si el empleador le devuelve dinero. H&r block free tax   Si, en un año posterior, su empleador le devuelve el dinero de las cuotas de agencias de empleo, usted tiene que incluir la cantidad que reciba en sus ingresos brutos hasta que llegue al total del beneficio tributario que recibió en el año anterior. H&r block free tax (Vea Recuperaciones de Fondos en el capítulo 12). H&r block free tax Si el empleador le paga a la agencia de empleo. H&r block free tax   Si su empleador paga las cuotas directamente a la agencia de empleo y usted no es responsable de pagarlas, no puede incluirlas en sus ingresos brutos. H&r block free tax Currículum vitae. H&r block free tax   Puede deducir lo que gaste para preparar o enviar por correo copias de un currículum vitae a posibles empleadores siempre que busca un trabajo nuevo en su profesión actual. H&r block free tax Gastos de viaje y transporte. H&r block free tax   Si viaja a algún lugar y durante su estadía busca un trabajo nuevo en su profesión actual, tal vez pueda deducir los gastos de viaje de ida y vuelta al lugar. H&r block free tax Puede deducir los gastos de viaje si el viaje se realizó principalmente para buscar un trabajo nuevo. H&r block free tax Es importante saber qué parte del tiempo dedique a actividades personales y qué parte del tiempo dedique a buscar trabajo para determinar si el viaje se hizo principalmente por motivos personales o para buscar un trabajo nuevo. H&r block free tax   Incluso si no puede deducir los gastos de viaje de ida y vuelta al lugar, puede deducir los gastos de buscar trabajo nuevo en su profesión actual que incurra mientras se encuentra en dicho lugar. H&r block free tax   Puede optar por utilizar la tarifa estándar por milla para calcular los gastos de automóvil. H&r block free tax La tarifa correspondiente al año 2013 para uso comercial de un vehículo es 56½ centavos por milla. H&r block free tax Vea el capítulo 26 para más información. H&r block free tax Licencias y Tarifas Reglamentarias Puede deducir la cantidad que pague cada año a gobiernos estatales o locales por licencias y tarifas reglamentarias para su oficio, negocio o profesión. H&r block free tax Impuestos Incidentales al Trabajo Puede deducir un impuesto incidental al trabajo que una localidad le cobre a una tarifa fija por el privilegio de trabajar o realizar un negocio dentro de dicha localidad. H&r block free tax Si usted es empleado, puede reclamar impuestos incidentales al trabajo sólo como deducción miscelánea sujeta al límite del 2%; no puede reclamarlos como una deducción en otro lugar de su declaración. H&r block free tax Reintegro de un Pago de Asistencia Un “pago de asistencia” es aquel pago que se recibe de acuerdo con un plan del empleador para ayudar a los empleados que pierden su empleo debido a la falta de trabajo. H&r block free tax Si usted reintegra un pago de asistencia de suma global que recibió y había incluido en sus ingresos en un año anterior, puede deducir dicho reintegro. H&r block free tax Gastos de Investigación de un Profesor Universitario Si es profesor universitario, puede deducir los gastos de investigación, incluidos gastos de viaje y gastos en los que incurra por enseñar, dar conferencias o escribir y publicar temas relacionados directamente con su labor de enseñanza. H&r block free tax Tiene que haber comenzado la investigación como parte de los deberes de enseñanza que se esperan de un profesor y sin expectativas lucrativas además del sueldo. H&r block free tax No obstante, no puede deducir los costos de viajes como una forma de educación. H&r block free tax Herramientas Utilizadas en su Trabajo Por lo general, puede deducir los gastos por herramientas que usa en su trabajo si éstas se desgastan y se deshace de ellas dentro de 1 año después de la fecha de compra. H&r block free tax Puede depreciar el costo de las herramientas cuya vida sea mayor del año tributario. H&r block free tax Para obtener más información acerca de la depreciación, vea la Publicación 946, en inglés. H&r block free tax Cuotas y Gastos de Afiliación a un Sindicato Puede deducir cuotas y tarifas iniciales que pague para afiliarse a un sindicato. H&r block free tax También puede deducir contribuciones destinadas a los beneficios para miembros del sindicato desempleados. H&r block free tax No obstante, no puede deducir la parte de las contribuciones o aportaciones destinadas a los fondos para el pago de beneficios por enfermedad, accidente o fallecimiento. H&r block free tax Asimismo, no puede deducir aportaciones a un fondo de pensiones, incluso si el sindicato le exige que realice las aportaciones. H&r block free tax Tal vez no pueda deducir las cantidades que pague al sindicato si éstas están relacionadas con determinadas actividades políticas o de cabildeo. H&r block free tax Vea Gastos de Cabildeo bajo Gastos no Deducibles, más adelante. H&r block free tax Ropa de Trabajo y Uniformes Puede deducir el costo y mantenimiento de la ropa de trabajo si se cumplen los dos requisitos siguientes: Está obligado a usarlas como condición de empleo. H&r block free tax La ropa no es adecuada para uso cotidiano. H&r block free tax No es suficiente usar ropa distintiva. H&r block free tax Su empleador tiene que requerir específicamente esa ropa. H&r block free tax Tampoco es suficiente que, de hecho, no use su ropa de trabajo en otro lugar. H&r block free tax La ropa no puede servir para reemplazar su ropa habitual. H&r block free tax Algunos ejemplos de trabajadores que tal vez puedan deducir el costo y mantenimiento de la ropa de trabajo son: personas que realicen entregas, bomberos, proveedores de servicios de la salud, agentes encargados de mantener el orden público, carteros, atletas profesionales y trabajadores del transporte (aéreo, ferroviario, terrestre, etc. H&r block free tax ). H&r block free tax Los músicos y artistas pueden deducir el costo de la ropa y los accesorios de teatro si no son adecuados para su uso cotidiano. H&r block free tax Sin embargo, la ropa de trabajo que conste de un gorro blanco, camisa blanca o chaqueta blanca, overol (de pintor) blanco y zapatos de trabajo estándar, como la que debe usar un pintor en su trabajo por exigencia de su sindicato, no es distintiva en cuanto a carácter ni a la naturaleza del uniforme. H&r block free tax Igualmente, los costos de compra y mantenimiento de ropa de trabajo azul usada por un soldador a solicitud de un capataz no son deducibles. H&r block free tax Ropa de protección. H&r block free tax   Puede deducir el costo de la ropa de protección obligatoria en su trabajo, como zapatos o botas de seguridad, anteojos de seguridad, cascos y guantes de trabajo. H&r block free tax   Algunos ejemplos de trabajadores a los que quizás se les exija usar artículos de seguridad son: carpinteros, trabajadores del cemento, trabajadores de productos químicos, electricistas, tripulación de barcos de pesca, maquinistas, trabajadores de campos petrolíferos, fontaneros, técnicos en tuberías y conductores de camiones. H&r block free tax Uniformes militares. H&r block free tax   Generalmente, no puede deducir el costo de uniformes si está en servicio activo a tiempo completo en las Fuerzas Armadas. H&r block free tax Sin embargo, si es miembro en reserva de las Fuerzas Armadas, puede deducir el costo no reembolsado de su uniforme si los reglamentos militares exigen que su uso se limite a cuando esté en servicio como miembro en reserva. H&r block free tax Al calcular la deducción, tiene que deducir del costo la asignación no gravable que reciba por estos gastos. H&r block free tax   Si las reglas militares locales no le permiten que use uniformes de faena cuando no esté de servicio, puede deducir la cantidad por la cual el costo de compra y mantenimiento de estos uniformes sea superior a la asignación por uniforme que reciba. H&r block free tax   Puede deducir el costo de sus uniformes si es miembro del personal o profesorado civil de una escuela militar. H&r block free tax Costos de la Preparación de la Declaración de Impuestos (Línea 22) Generalmente, puede deducir los costos de la preparación de la declaración de impuestos en el año en el que los paga. H&r block free tax De este modo, en la declaración de impuestos de 2013, puede deducir los costos pagados en el año 2013 por la preparación de la declaración del año 2012. H&r block free tax Estos costos incluyen el costo de los programas de software de preparación de impuestos y publicaciones tributarias. H&r block free tax También incluyen todo costo que haya pagado por la presentación electrónica de su declaración. H&r block free tax Otros Gastos (Línea 23) Puede deducir otros gastos determinados como deducciones detalladas misceláneas sujetas al límite del 2%. H&r block free tax En la línea 23 del Anexo A (Formulario 1040), puede deducir gastos que paga para: Generar o cobrar ingresos que se tienen que incluir en sus ingresos brutos, Administrar, conservar o mantener en buen estado propiedad cuya finalidad es generar un ingreso de estas características o Determinar, impugnar, pagar o solicitar un reembolso de algún impuesto. H&r block free tax Puede deducir gastos que pague para los fines indicados en las secciones (1) y (2) anteriores sólo si están razonable y estrechamente relacionados con estos fines. H&r block free tax Algunos de estos gastos se explican más adelante. H&r block free tax Si los gastos que pague generan ingresos que sólo sean parcialmente tributables, vea Gastos de Ingresos Exentos de Impuestos más adelante, bajo Gastos no Deducibles. H&r block free tax Cargos de Tasación Puede deducir cargos de tasación si los paga para calcular una pérdida por hecho fortuito o el valor justo de mercado de una propiedad donada. H&r block free tax Pérdidas por Hecho Fortuito y Robo Puede deducir una pérdida por hecho fortuito o robo como una deducción detallada miscelánea sujeta al límite del 2% si utilizaba la propiedad dañada o robada para realizar servicios como empleado. H&r block free tax Primero declare la pérdida en la Sección B del Formulario 4684, Casualties and Thefts (Hechos fortuitos y robos), en inglés. H&r block free tax Es posible que también tenga que incluir la pérdida en el Formulario 4797, Sales of Business Property (Ventas de propiedades de negocios), también en inglés, si es que está obligado por otras razones a presentar ese formulario. H&r block free tax Para calcular su deducción, sume todas las pérdidas por hecho fortuito o robo de este tipo de propiedad que se incluyan en las líneas 32 y 38b del Formulario 4684, o la línea 18a del Formulario 4797, ambos en inglés. H&r block free tax Para información sobre otras pérdidas por hecho fortuito o robo, vea el capítulo 25. H&r block free tax Apoyo Administrativo y Alquiler de Oficina Puede deducir gastos de oficina, (por ejemplo apoyo administrativo y alquiler), que usted incurre con respecto a sus inversiones y al cobro de los ingresos tributables generados por las mismas. H&r block free tax Cargos de Tramitación por el Uso de una Tarjeta de Crédito o Débito Puede deducir el cargo administrativo que le cobra el tramitador de la tarjeta de crédito por efectuar un pago del impuesto sobre los ingresos (inclusive pagos del impuesto estimado) con tarjeta de crédito o débito. H&r block free tax Dichos cargos son deducibles en el año en que se paguen. H&r block free tax Depreciación de Computadora de Uso Doméstico Puede deducir la depreciación de su computadora de uso doméstico si la utiliza para generar ingresos (por ejemplo, para administrar sus inversiones que generen ingresos tributables). H&r block free tax Por lo general, tiene que depreciar la computadora según el método uniforme durante el período de recuperación del Sistema Alternativo de Depreciación (ADS, por sus siglas en inglés). H&r block free tax Si trabaja como empleado y también utiliza la computadora en ese trabajo, vea la Publicación 946, en inglés. H&r block free tax Deducciones que le Sobran de un Caudal Hereditario Si las deducciones totales de un caudal hereditario en su año tributario anterior son superiores a su ingreso bruto de ese año, los beneficiarios que heredan la propiedad pueden deducir la cantidad que le sobró en exceso. H&r block free tax No incluya las deducciones por la exención personal del caudal hereditario y las donaciones con fines benéficos al calcular las deducciones totales del caudal hereditario. H&r block free tax Los beneficiarios pueden reclamar la deducción sólo para el año tributario en el que, o con el que, termina el caudal hereditario, sea el año final un año normal o un año tributario corto. H&r block free tax Para obtener más información, vea Termination of Estate (Terminación de un caudal hereditario) en la Publicación 559, Survivors, Executors, and Administrators (Sobrevivientes, albaceas y administradores), en inglés. H&r block free tax Cargos del Cobro de Intereses y Dividendos Puede deducir cargos que paga a un agente de bolsa, banco, fideicomisario o agente parecido por el cobro de los intereses de los bonos o dividendos de acciones tributables. H&r block free tax Sin embargo, no puede deducir un cargo que pague a un agente de bolsa para comprar bienes de inversión, como acciones o bonos. H&r block free tax Tiene que agregar el cargo al costo de los bienes. H&r block free tax No puede deducir el cargo que pague a un agente de bolsa para vender valores. H&r block free tax Puede usar el cargo sólo para calcular las pérdidas o ganancias de la venta. H&r block free tax Vea las Instrucciones del Formulario 8949, para obtener información sobre cómo declarar el cargo. H&r block free tax Gastos Relacionados con un Pasatiempo Por lo general, puede deducir gastos relacionados con un pasatiempo, pero sólo hasta la cantidad del ingreso generado por el mismo. H&r block free tax Un pasatiempo no es un negocio porque no se realiza para obtener un beneficio económico. H&r block free tax Consulte Actividad sin fines de lucro en el capítulo 12 bajo Otros Ingresos. H&r block free tax Deducciones Indirectas de Entidades que Traspasan los Atributos Tributarios Las entidades que traspasan los atributos tributarios incluyen sociedades colectivas, sociedades anónimas de tipo S y fondos mutuos que no se ofrecen al público. H&r block free tax Las deducciones de dichas entidades se traspasan a los socios o accionistas. H&r block free tax Los socios o accionistas pueden deducir su parte de las deducciones traspasadas para gastos de inversión como deducciones detalladas misceláneas sujetas al límite del 2%. H&r block free tax Ejemplo. H&r block free tax Usted es miembro de un club de inversiones formado exclusivamente para invertir en valores. H&r block free tax El club se considera una sociedad colectiva. H&r block free tax Los ingresos de la sociedad colectiva provienen exclusivamente de dividendos, intereses y ganancias tributables procedentes de la venta de valores. H&r block free tax En este caso, usted puede deducir su parte de los gastos de operación de la sociedad colectiva como deducciones detalladas misceláneas sujetas al límite del 2%. H&r block free tax No obstante, si el club de inversiones tiene inversiones que generan ingresos no tributables también, no puede deducir su parte de los gastos que generan ingresos no tributables. H&r block free tax Fondos mutuos de oferta pública. H&r block free tax   Los fondos mutuos de oferta pública no traspasan deducciones por gastos de inversión a los accionistas. H&r block free tax Un fondo mutuo es “de oferta pública” si: Se comercializa continuamente en virtud de una oferta pública, Se cotiza habitualmente en un mercado bursátil de valores establecido o Están bajo la propiedad de al menos 500 personas en todo momento durante el año tributario. H&r block free tax   El fondo mutuo de oferta pública le enviará un Formulario 1099-DIV, Dividends and Distributions (Dividendos y distribuciones), en inglés, o un formulario sustitutivo, que indique la cantidad neta del ingreso de dividendos (dividendos brutos menos gastos de inversión). H&r block free tax Esta cifra neta es la cantidad que declara como ingresos. H&r block free tax Usted no puede también deducir los gastos de inversión incurridos por fondos mutuos de oferta pública porque ya se incluyen como parte de la cantidad neta del ingreso de dividendos. H&r block free tax Declaraciones informativas. H&r block free tax   Las entidades que traspasan los atributos tributarios deben enviarle declaraciones informativas. H&r block free tax Sociedades colectivas y de tipo S. H&r block free tax   Estas entidades generan el Anexo K-1, el cual indica los conceptos y las cantidades que tiene que declarar y también identifica los anexos y las líneas de la declaración de impuestos que se deben usar. H&r block free tax Fondos mutuos que no son de oferta pública. H&r block free tax   Estos fondos le enviarán un Formulario 1099-DIV, Dividends and Distributions (Dividendos y distribuciones), o un formulario sustitutivo, el cual indicará su parte de los ingresos brutos y los gastos de inversión. H&r block free tax Puede declarar los gastos sólo como una deducción detallada miscelánea sujeta al límite del 2%. H&r block free tax Cargos y Gastos Relacionados con la Inversión Puede deducir cargos relacionados con la inversión, custodia, administración de fideicomiso y otros gastos que pague por la administración de inversiones que generen ingresos tributables. H&r block free tax Gastos Legales Por lo general, puede deducir gastos legales en los que incurra al intentar generar o cobrar ingresos tributables o que pague en conexión con la determinación, cobro o reembolso de un impuesto. H&r block free tax También puede deducir gastos legales que: Estén relacionados con la realización o conservación de su trabajo, como los que pague para defenderse contra acusaciones penales que se levanten por las acciones de su oficio o negocio, Sean para asesoría tributaria relacionada con un divorcio, si la factura indica cuánto corresponde a la asesoría tributaria y se determina de una forma razonable o Sean para cobrar una pensión tributable para el cónyuge divorciado. H&r block free tax Puede deducir los gastos que incurrió para resolver problemas tributarios relacionados con las pérdidas o ganancias de un negocio (Anexo C o C-EZ), alquileres o regalías (Anexo E) o gastos e ingresos agrícolas (Anexo F) en el anexo apropiado, todos en inglés. H&r block free tax Debe deducir los gastos que incurrió para resolver problemas tributarios no comerciales en el Anexo A (Formulario 1040). H&r block free tax Vea Costos de la Preparación de la Declaración de Impuestos , anteriormente. H&r block free tax Pérdidas de Depósitos Para obtener información acerca de si puede deducir la pérdida de un depósito que usted hizo en una institución financiera que reúna los requisitos y cómo declarar la deducción si tiene derecho a ella, vea Pérdidas de Depósitos en el capítulo 25. H&r block free tax Reintegros de Ingresos Si tuvo que reintegrar una cantidad que incluyó como ingresos en un año anterior, es posible que pueda deducir dicha cantidad reintegrada. H&r block free tax Si la cantidad que tuvo que reintegrar era ingreso ordinario de $3,000 o menos, la deducción está sujeta al límite del 2%. H&r block free tax Si fue más de $3,000, vea Reintegros por la Reclamación de un Derecho bajo Deducciones no Sujetas al Límite del 2%, más adelante. H&r block free tax Reintegros de Beneficios del Seguro Social Para obtener información acerca de cómo deducir los reintegros de ciertos beneficios del Seguro Social, vea Reintegros Superiores a los Beneficios Brutos en el capítulo 11. H&r block free tax Alquiler de Caja de Seguridad Puede deducir el alquiler de una caja de seguridad si la utiliza para almacenar bonos y acciones que generen ingresos tributables o documentos y papeles relacionados con inversiones. H&r block free tax No puede deducir el alquiler si sólo utiliza la caja para guardar joyas, otras pertenencias personales o valores exentos de impuestos. H&r block free tax Cargos Administrativos de los Planes de Reinversión de Dividendos Puede deducir los cargos administrativos que pague como abonado a un plan de reinversión de dividendos. H&r block free tax Estos cargos administrativos incluyen pagos por: Poseer acciones adquiridas mediante un plan, Cobrar y reinvertir dividendos en efectivo, y Mantener documentación personal y proporcionar estados de cuenta detallados. H&r block free tax Honorarios por Administración de un Fideicomiso de Arreglos IRA Los honorarios de administración de un fideicomiso que se facturen por separado y que usted pague en relación con un arreglo de ahorros para la jubilación (IRA, por sus siglas en inglés) son deducibles (si son ordinarios y necesarios) como deducción detallada miscelánea sujeta al límite del 2%. H&r block free tax Para obtener más información acerca de los arreglos IRA, vea el capítulo 17. H&r block free tax Deducciones no Sujetas al Límite del 2% Puede deducir los artículos indicados a continuación como deducciones detalladas misceláneas. H&r block free tax No están sujetas al límite del 2%. H&r block free tax Declare estos artículos en la línea 28 del Anexo A del Formulario 1040. H&r block free tax Lista de Deducciones Se explica cada uno de los siguientes artículos en detalle después de la lista (excepto cuando se indica al contrario). H&r block free tax Prima amortizable de bonos tributables. H&r block free tax Pérdidas por hecho fortuito y robo de una propiedad que genera ingresos. H&r block free tax Impuesto federal sobre la herencia atribuible a los ingresos de un difunto. H&r block free tax Pérdidas de apuestas y juegos de azar hasta la cantidad de sus ganancias del juego. H&r block free tax Gastos del trabajo relacionados con los impedimentos de personas con incapacidades. H&r block free tax Pérdida por otras actividades anotadas en el recuadro 2 del Anexo K-1 del Formulario 1065-B. H&r block free tax Pérdidas por estafas de inversiones engañosas tipo Ponzi. H&r block free tax Vea, Pérdidas proveneintes de estafas de inversiones del tipo Ponzi (Ponzi schemes) , en el capítulo 25. H&r block free tax Reintegros de más de $3,000 por la reclamación de un derecho. H&r block free tax Inversión no recuperada en una anualidad. H&r block free tax Prima Amortizable de Bonos Tributables En general, si la cantidad que paga por un bono es superior a la cantidad de capital estipulado, el excedente corresponde a la prima de los bonos. H&r block free tax Puede optar por amortizar la prima de bonos tributables. H&r block free tax Por lo general, la amortización de la prima compensa los ingresos de intereses sobre el bono en lugar de ser una deducción diferente. H&r block free tax Parte de la prima de algunos bonos puede ser una deducción miscelánea no sujeta al límite del 2%. H&r block free tax Para obtener más información, vea Amortizable Premium on Taxable Bonds (Prima amortizable de bonos tributables) en la Publicación 529 y Bond Premium Amortization (Amortización de prima de bono) en el capítulo 3 de la Publicación 550, Investment Income and Expenses (Gastos e ingresos de inversión), ambas en inglés. H&r block free tax Pérdidas por Hecho Fortuito y Robo de Propiedad que Genera Ingresos Puede deducir una pérdida por hecho fortuito o robo como deducción detallada miscelánea no sujeta al límite del 2% si la propiedad dañada o robada era una propiedad que generaba ingresos (propiedad que se tiene con fines de inversión, tal como acciones, pagarés, bonos, oro, plata, terrenos sin construir y obras de arte). H&r block free tax Primero, declare la pérdida en la Sección B del Formulario 4684. H&r block free tax Asimismo, es posible que tenga que incluir la pérdida en el Formulario 4797, Sales of Business Property (Ventas de bienes comerciales), en inglés, si por algún otro motivo está obligado a presentar ese formulario. H&r block free tax Para calcular su deducción, sume todas las pérdidas por hecho fortuito o robo de este tipo de propiedad que se incluyan en las líneas 32 y 38b del Formulario 4684, o la línea 18a del Formulario 4797. H&r block free tax Para obtener más información acerca de las pérdidas por hecho fortuito y robo, consulte el capítulo 25. H&r block free tax Impuesto Federal sobre la Herencia Atribuible a los Ingresos de un Difunto Puede deducir el impuesto federal sobre la herencia atribuible a los ingresos de un difunto que usted, como beneficiario, incluye en sus ingresos brutos. H&r block free tax Los ingresos de un difunto son ingresos brutos que habría recibido éste si no hubiese fallecido y que no se podían incluir debidamente en la última declaración de impuestos del difunto. H&r block free tax Vea la Publicación 559, en inglés, para obtener más información. H&r block free tax Pérdidas de Apuestas y Juegos de Azar hasta la Cantidad de sus Ganancias de Juego Tiene que declarar la cantidad total de sus ganancias de apuestas y juegos de azar que tuvo en el año en la línea 21 del Formulario 1040. H&r block free tax Debe deducir sus pérdidas de juego que tuvo en el año en la línea 28 del Anexo A del Formulario 1040. H&r block free tax No puede deducir las pérdidas de apuestas y juegos de azar que sean superiores a las ganancias. H&r block free tax No puede reducir las ganancias de apuestas y juegos de azar por las pérdidas de juego y declarar la diferencia. H&r block free tax Tiene que declarar la cantidad total de las ganancias como ingresos, y las pérdidas (hasta la cantidad de su ganancias), como deducción detallada. H&r block free tax Por consiguiente, su documentación debe mostrar las ganancias por separado de las pérdidas. H&r block free tax Diario de ganancias y pérdidas. H&r block free tax Tiene que mantener un diario exacto o registro parecido de sus ganancias y pérdidas provenientes de apuestas y juegos de azar. H&r block free tax Su diario debe contener, como mínimo, la siguiente información: La fecha y el tipo de apuesta específica o actividad de apuestas. H&r block free tax El nombre y la dirección o ubicación del establecimiento de apuestas. H&r block free tax Los nombres de otras personas que lo acompañan en el establecimiento de apuestas. H&r block free tax La (o las) cantidad(es) que ganó o perdió. H&r block free tax Vea la Publicación 529, en inglés, para información adicional. H&r block free tax Gastos de Trabajo Relacionados con un Impedimento Si tiene una incapacidad física o mental que limite su capacidad para trabajar o limite sustancialmente una o más de las actividades principales de la vida (como realizar tareas manuales, caminar, hablar, respirar, aprender y trabajar), puede deducir sus gastos de trabajo relacionados con dicho impedimento. H&r block free tax Los gastos de trabajo relacionados con un impedimento son gastos ordinarios y necesarios del negocio incurridos por servicios de un asistente en su lugar de trabajo y por otros gastos relacionados con su lugar de trabajo que sean necesarios para que pueda trabajar. H&r block free tax Personas que trabajan por cuenta propia. H&r block free tax   Si trabaja por cuenta propia, anote los gastos de trabajo relacionados con su incapacidad en el formulario correspondiente (Anexo C, C-EZ, E o F) que utilice para declarar los ingresos y gastos de negocio. H&r block free tax Pérdida por Otras Actividades Anotadas en el Recuadro 2 del Anexo K-1 del Formulario 1065-B Si la cantidad declarada en el recuadro 2 del Anexo K-1 del Formulario 1065-B es una pérdida, declárela en la línea 28 del Anexo A del Formulario 1040. H&r block free tax No está sujeto a las limitaciones de actividades pasivas. H&r block free tax Reintegros por la Reclamación de un Derecho Si tuvo que reintegrar más de $3,000 que incluyó en los ingresos de un año anterior porque en ese momento pensaba que tenía un derecho no restringido a dichos ingresos, tal vez pueda deducir la cantidad que pagó o solicitar que se la acrediten en sus impuestos. H&r block free tax Vea Reintegros en el capítulo 12, para más información. H&r block free tax Inversión no Recuperada en una Anualidad Un jubilado que haya contribuido al costo de una anualidad puede excluir de sus ingresos parte de cada pago que reciba, por ser rendimiento exento de impuestos de la inversión del jubilado. H&r block free tax Si el jubilado muere antes de recuperar toda la inversión libre de impuestos, se podría deducir toda inversión no recuperada en la declaración final de impuestos del jubilado. H&r block free tax Vea el capítulo 10 para obtener más información acerca del trato tributario de las pensiones y anualidades. H&r block free tax Gastos no Deducibles A continuación se enumeran algunos ejemplos de gastos no deducibles. H&r block free tax Luego, se explican en mayor detalle los gastos no deducibles adicionales. H&r block free tax Lista de Gastos no Deducibles Comisiones de agentes bursátiles que usted pagó con respecto a su arreglo IRA u otra propiedad de inversión. H&r block free tax Gastos de entierro o funeral, incluido el costo de la tumba. H&r block free tax Gastos de capital. H&r block free tax Cargos y licencias, como licencias de automóvil, de matrimonio y placas de identificación. H&r block free tax Pérdidas relacionadas con pasatiempos; no obstante, vea Gastos Relacionados con un Pasatiempo , anteriormente. H&r block free tax Reparaciones, seguro y alquiler de la vivienda. H&r block free tax Sobornos y comisiones clandestinas. H&r block free tax Vea Bribes and kickbacks (Sobornos y comisiones clandestinas) en el capítulo 11 de la Publicación 535, en inglés. H&r block free tax Pérdidas de la venta de su vivienda, mobiliario, automóvil personal, etc. H&r block free tax Primas de seguro personal por incapacidad. H&r block free tax Gastos personales, de vida o familiares. H&r block free tax Valor de salarios no recibidos o período de vacaciones no utilizadas. H&r block free tax Gastos de Adopción No puede deducir los gastos que incurre en la adopción de un niño, pero tal vez pueda tomar un crédito para esos gastos. H&r block free tax Vea el capítulo 36. H&r block free tax Gastos de Campaña Electoral No puede deducir gastos que un candidato para un cargo público incurre en su campaña electoral, incluso si el candidato está postulando para la reelección a dicho cargo. H&r block free tax Estos incluyen cargos de calificación e inscripción para las elecciones primarias. H&r block free tax Honorarios legales. H&r block free tax   No puede deducir honorarios legales que se pagan para defender cargos derivados de la participación en una campaña política. H&r block free tax Cargos por Emisión de Cheques de Cuenta Personal Si tiene una cuenta corriente personal, no puede deducir cargos cobrados por el banco por el privilegio de emitir cheques, incluso si la cuenta devenga intereses. H&r block free tax Cuotas de Clubes Por lo general, no puede deducir el costo de afiliación a un club organizado para fines comerciales, de placer, recreación u otro fin social. H&r block free tax Esto incluye clubes de negocios, sociales, atléticos, de almuerzo, deportivos, de aerolíneas, hoteles, golf y de campo. H&r block free tax No puede deducir cuotas pagadas a una organización si uno de los propósitos principales de ésta es: Realizar actividades sociales para los miembros o sus invitados u Ofrecer a los miembros o sus invitados acceso a establecimientos de actividades sociales. H&r block free tax No se pueden deducir las cuotas pagadas a aerolíneas, hoteles o clubes de almuerzo. H&r block free tax Gastos de Transporte entre su Domicilio y el Trabajo No puede deducir gastos de viaje de ida y vuelta al trabajo (el costo de su transporte entre su residencia y su lugar de trabajo principal o habitual). H&r block free tax Si transporta herramientas, instrumentos u otros artículos en su automóvil de ida y vuelta a su trabajo, puede deducir sólo el costo adicional de transporte de dichos artículos, como el alquiler de un remolque para el transporte de los mismos. H&r block free tax Multas o Sanciones No puede deducir multas o sanciones que pague a una oficina del gobierno por infringir una ley. H&r block free tax Esto incluye cantidades pagadas para liquidar su responsabilidad real o posible de una multa o sanción (civil o penal). H&r block free tax Las multas o sanciones incluyen multas de estacionamiento, sanciones tributarias y sanciones deducidas de su sueldo de maestro después de una huelga ilícita. H&r block free tax Gastos de Balnearios No puede deducir gastos de un balneario (spa), aun si existe un requisito laboral para mantenerse en excelente condición física, como podría ser el caso de un oficial encargado del orden público. H&r block free tax Sistema de Seguridad Residencial No puede deducir el costo de un sistema de seguridad residencial como una deducción miscelánea. H&r block free tax Sin embargo, tal vez pueda reclamar una deducción por un sistema de seguridad residencial como gasto de negocios, si es que tiene una oficina en su casa. H&r block free tax Vea Oficina en el Domicilio bajo Gastos del Empleado no Reembolsados, anteriormente, y Security System (Sistema de seguridad) bajo Deducting Expenses (Deducción de gastos) en la Publicación 587, en inglés. H&r block free tax Seminarios Relacionados con Inversiones No puede deducir gastos por asistir a una convención, seminario o reunión parecida para fines de inversión. H&r block free tax Primas de Seguro de Vida No puede deducir primas que pague por su propio seguro de vida. H&r block free tax Tal vez pueda deducir como pensión para el cónyuge divorciado primas que pague por las pólizas de seguro de vida asignadas a su ex-cónyuge. H&r block free tax Consulte el capítulo 18 para información sobre la pensión alimenticia. H&r block free tax Gastos de Cabildeo Por lo general, no puede deducir cantidades pagadas o incurridas por concepto de cabildeo. H&r block free tax Estos incluyen gastos para: Influenciar el proceso de legislación, Participar o intervenir en una campaña política a favor o en contra de un candidato a un cargo público, Intentar influenciar al público en general, o a un segmento del público, respecto a las elecciones, materias legislativas o referéndums o Comunicarse directamente con funcionarios del poder ejecutivo bajo protección en un intento de influenciar las acciones del funcionario o las opiniones del mismo. H&r block free tax Los gastos de cabildeo también incluyen cantidades pagadas o gastos en los que ha incurrido para la investigación, preparación, planificación o coordinación de cualquiera de estas actividades. H&r block free tax Cuotas usadas para cabildeo. H&r block free tax   Si una organización exenta de impuestos le notifica que esa parte de las cuotas u otras cantidades que usted paga a la organización se utilizan para pagar gastos de cabildeo no deducibles, no puede deducir esa parte de las cuotas. H&r block free tax Vea Lobbying Expenses (Gastos de cabildeo) en la Publicación 529, en inglés, para obtener información sobre las excepciones. H&r block free tax Dinero en Efectivo o Bienes Perdidos o Extraviados No puede deducir una pérdida basada en la simple desaparición de dinero o bienes. H&r block free tax Sin embargo, una pérdida o desaparición accidental de bienes puede considerarse hecho fortuito si es causada por un acontecimiento que se pueda identificar y que sea repentino, inesperado o poco común. H&r block free tax Vea el capítulo 25. H&r block free tax Ejemplo. H&r block free tax Se cierra una puerta de su automóvil accidentalmente en su mano y rompe el engaste de su anillo de diamante. H&r block free tax El diamante se cae del anillo y nunca lo pudo encontrar. H&r block free tax La pérdida del diamante es un hecho fortuito. H&r block free tax Almuerzos con Compañeros de Trabajo No puede deducir los gastos de almuerzos con compañeros de trabajo, excepto si viaja lejos de casa por razones comerciales. H&r block free tax Vea el capítulo 26 para obtener información acerca de los gastos deducibles mientras se encuentra lejos de su domicilio. H&r block free tax Comidas Cuando Trabaja Hasta Tarde No puede deducir el costo de comidas si trabaja hasta tarde. H&r block free tax Sin embargo, tal vez pueda declarar una deducción si el costo de las comidas es un gasto de entretenimiento deducible o si viaja lejos de casa. H&r block free tax Vea el capítulo 26 para obtener información sobre gastos de entretenimiento deducibles y gastos durante viajes lejos de su domicilio. H&r block free tax Gastos por Asuntos Legales Personales No puede deducir gastos por asuntos legales personales, como aquéllos en los que se ha incurrido en los siguientes casos: Tutoría de hijos. H&r block free tax Demanda por incumplimiento de promesa de matrimonio. H&r block free tax Cargos civiles o penales derivados de una relación personal. H&r block free tax Daños por lesiones personales, a excepción de ciertas reclamaciones por discriminación ilegal y por denuncia de actividades ilícitas en una empresa. H&r block free tax Preparación de un título (o defensa o perfeccionamiento de un título). H&r block free tax Preparación de un testamento. H&r block free tax Reclamaciones de propiedad o liquidación de propiedad en un divorcio. H&r block free tax No puede deducir estos gastos incluso si una consecuencia del proceso legal es la pérdida de propiedad que genera ingresos. H&r block free tax Donaciones Políticas No puede deducir donaciones hechas a un candidato político, un comité de campaña o un fondo para publicar boletines. H&r block free tax Los avisos publicitarios en programas de convenciones y entradas a cenas o programas que benefician a un partido o candidato político no son deducibles. H&r block free tax Costos de Acreditación Profesional No puede deducir costos de acreditación profesional tales como: Costos de certificado de contabilidad pagados para el derecho inicial de poder practicar la contabilidad. H&r block free tax Costos del examen para el ejercicio de la abogacía y gastos afines para asegurarse el ingreso inicial al colegio de abogados. H&r block free tax Costos de licencias médicas y dentales para obtener la primera licencia de ejercicio de la profesión. H&r block free tax Reputación Profesional No puede deducir gastos por salir en un programa de radio o televisión para aumentar su prestigio personal o establecer su reputación profesional. H&r block free tax Aportaciones a un Fondo de Ayuda Económica No puede deducir aportaciones pagadas a un plan privado que pague beneficios a los empleados cubiertos que no puedan trabajar debido a una lesión o enfermedad no relacionada con el trabajo. H&r block free tax Servicio Telefónico Residencial No puede deducir un cobro (incluidos impuestos) por un servicio telefónico local básico de la línea telefónica principal de su residencia, aun cuando se utilice en una ocupación o negocio. H&r block free tax Reuniones de Accionistas No puede deducir gastos de transporte ni otros que paga para asistir a reuniones de accionistas de empresas en las que tiene participación accionaria, pero no de otra índole. H&r block free tax No puede deducir estos gastos aunque asista a la reunión para obtener información que podría ser útil al efectuar otras inversiones. H&r block free tax Gastos de Ingresos Exentos de Impuestos No puede deducir gastos que incurre para generar ingresos exentos de impuestos. H&r block free tax No puede deducir intereses de una deuda en la que haya incurrido o continúa para comprar o portar valores exentos de impuestos. H&r block free tax Si usted incurre gastos para generar ingresos tributables y exentos de impuestos, pero no puede identificar los gastos que generan cada tipo de ingreso, tiene que dividir los gastos según la cantidad de cada tipo de ingreso para determinar la cantidad que puede deducir. H&r block free tax Ejemplo. H&r block free tax Durante el año recibió intereses tributables de $4,800 e intereses exentos de impuestos de $1,200. H&r block free tax Al obtener este ingreso, tuvo un total de gastos de $500 durante el año. H&r block free tax No puede identificar la cantidad de cada gasto correspondiente a cada ingreso. H&r block free tax Por lo tanto, el 80% ($4,800/$6,000) del gasto corresponde a los intereses tributables y el 20% ($1,200/$6,000) corresponde a los intereses exentos de impuestos. H&r block free tax Puede deducir, sujeto al límite del 2%, gastos de $400 (80% de $500). H&r block free tax Gastos de Viaje para Otra Persona Por lo general, no puede deducir los gastos de viaje que pague o en los que incurra para su cónyuge, dependiente, u otra persona que lo acompañe (o su empleado) en un viaje de negocios o por motivos personales, a menos que el cónyuge, el dependiente, o la otra persona sea un empleado del contribuyente; el viaje sea para un propósito comercial de buena fe (bona fide); y tales gastos serían de otra manera deducibles por el cónyuge, dependiente u otra persona. H&r block free tax Vea el capítulo 26 para más información sobre gastos de viaje deducibles. H&r block free tax Aportaciones Voluntarias al Fondo de Beneficios por Desempleo No puede deducir aportaciones voluntarias al fondo de beneficios por desempleo que usted realice a un fondo sindical o a un fondo privado. H&r block free tax Sin embargo, puede deducir las aportaciones como impuestos si la ley estatal le exige que las haga a un fondo de desempleo del estado que le protege de la pérdida de sueldos por desempleo causado por condiciones comerciales. H&r block free tax Relojes de Pulsera No puede deducir el costo de un reloj de pulsera, incluso si existe un requisito laboral que establezca que tiene que saber la hora correcta para realizar sus funciones de manera adecuada. H&r block free tax Prev  Up  Next   Home   More Online Publications
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Consumer Protection Offices

City, county, regional, and state consumer offices offer a variety of important services. They might mediate complaints, conduct investigations, prosecute offenders of consumer laws, license and regulate professional service providers, provide educational materials and advocate for consumer rights. To save time, call before sending a written complaint. Ask if the office handles the type of complaint you have and if complaint forms are provided.

State Consumer Protection Offices

Office of the Attorney General

Website: Office of the Attorney General

Address: Office of the Attorney General
Consumer Protection Division
PO Box 30213
Lansing, MI 48909-7713

Phone Number: 517-373-1140

Toll-free: 1-877-765-8388 (MI)

Michigan Department of Agriculture and Rural Development

Website: Michigan Department of Agriculture and Rural Development

Address: Michigan Department of Agriculture and Rural Development
Consumer Protection Section
Weights & Measures
PO Box 30017
Lansing, MI 48909

Toll-free: 1-800-292-3939

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County Consumer Protection Offices

Macomb County Consumer Protection Unit

Website: Macomb County Consumer Protection Unit

Address: Macomb County Consumer Protection Unit
Consumer Protection Unit
One S. Main St., 3rd Floor
Mt. Clemens, MI 48043

Phone Number: 586-469-5600

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Banking Authorities

The officials listed in this section regulate and supervise state-chartered banks. Many of them handle or refer problems and complaints about other types of financial institutions as well. Some also answer general questions about banking and consumer credit. If you are dealing with a federally chartered bank, check Federal Agencies.

Department of Insurance and Financial Services

Website: Department of Insurance and Financial Services

Address: Department of Insurance and Financial Services
PO Box 30220
Lansing, MI 48909-7720

Phone Number: 517-373-0220

Toll-free: 1-877-999-6442 (MI)

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Insurance Regulators

Each state has its own laws and regulations for each type of insurance. The officials listed in this section enforce these laws. Many of these offices can also provide you with information to help you make informed insurance buying decisions.

Department of Insurance and Financial Services

Website: Department of Insurance and Financial Services

Address: Department of Insurance and Financial Services
PO Box 30220
Lansing, MI 48909-7720

Phone Number: 517-373-0220

Toll-free: 1-877-999-6442

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Securities Administrators

Each state has its own laws and regulations for securities brokers and securities - including stocks, mutual funds, commodities, real estate, etc. The officials and agencies listed in this section enforce these laws and regulations. Many of these offices can also provide information to help you make informed investment decisions.

Department of Licensing and Regulatory Affairs

Website: Department of Licensing and Regulatory Affairs

Address: Department of Licensing and Regulatory Affairs
Securities Division
PO Box 30018
Lansing, MI 48909

Phone Number: 517-241-9202

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Utility Commissions

State Utility Commissions regulate services and rates for gas, electricity and telephones within your state. In some states, the utility commissions regulate other services such as water, transportation, and the moving of household goods. Many utility commissions handle consumer complaints. Sometimes, if a number of complaints are received about the same utility matter, they will conduct investigations.

Public Service Commission

Website: Public Service Commission

Address: Public Service Commission
Customer Intake Center
PO Box 30221
Lansing, MI 48909

Phone Number: 517-241-6180

Toll-free: 1-800-292-9555 (MI)

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The H&r Block Free Tax

H&r block free tax Publication 929 - Main Content Table of Contents Part 1. H&r block free tax 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. H&r block free tax Designated as representative. H&r block free tax IRS notice. H&r block free tax Standard DeductionStandard Deduction of Zero Dependent's Own Exemption Withholding From WagesExceptions. H&r block free tax Part 2. H&r block free tax 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. H&r block free tax Figuring the Child's Net Unearned Income (Form 8615, Part I) Step 2. H&r block free tax Figuring a Tentative Tax at the Parent's Tax Rate (Form 8615, Part II) Step 3. H&r block free tax Figuring the Child's Tax (Form 8615, Part III) Alternative Minimum Tax Illustrated Example Part 1. H&r block free tax 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. H&r block free tax 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. H&r block free tax 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. H&r block free tax See Other Filing Requirements, later. H&r block free tax The following sections apply to dependents with: Earned income only, Unearned income only, and Both earned and unearned income. H&r block free tax  To find out whether a dependent must file, read the section that applies, or use Table 1. H&r block free tax 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. H&r block free tax 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). H&r block free tax Example. H&r block free tax William is 16. H&r block free tax His mother claims an exemption for him on her income tax return. H&r block free tax He worked part time on weekends during the school year and full time during the summer. H&r block free tax He earned $7,000 in wages. H&r block free tax He did not have any unearned income. H&r block free tax He must file a tax return because he has earned income only and his gross income is more than $6,100. H&r block free tax If he is blind, he does not have to file a return because his gross income is not more than $7,600. H&r block free tax 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. H&r block free tax 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). H&r block free tax Example. H&r block free tax Sarah is 18 and single. H&r block free tax Her parents can claim an exemption for her on their income tax return. H&r block free tax She received $1,970 of taxable interest and dividend income. H&r block free tax She did not work during the year. H&r block free tax She must file a tax return because she has unearned income only and her gross income is more than $1,000. H&r block free tax 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. H&r block free tax Election to report child's unearned income on parent's return. H&r block free tax   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. H&r block free tax See Parent's Election To Report Child's Interest and Dividends in Part 2. H&r block free tax If the parent makes this election, the child does not have to file a return. H&r block free tax 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. H&r block free tax Filing Requirement Worksheet for Most Dependents 1. H&r block free tax Enter dependent's earned income plus $350     2. H&r block free tax Minimum amount   $1,000 3. H&r block free tax Compare lines 1 and 2. H&r block free tax Enter the larger amount     4. H&r block free tax Maximum amount   6,100 5. H&r block free tax Compare lines 3 and 4. H&r block free tax Enter the smaller amount     6. H&r block free tax Enter the dependent's gross income. H&r block free tax If line 6 is more than line 5, the dependent must file an income tax return. H&r block free tax 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. H&r block free tax       Table 1. H&r block free tax 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. H&r block free tax   See the definitions of “dependent,”“earned income,”“unearned income,” and “gross income” in the Glossary. H&r block free tax   Single dependents—Were you either age 65 or older or blind?     No. H&r block free tax You must file a return if any of the following apply. H&r block free tax       Your unearned income was over $1,000. H&r block free tax Your earned income was over $6,100. H&r block free tax Your gross income was more than the larger of—       $1,000, or Your earned income (up to $5,750) plus $350. H&r block free tax         Yes. H&r block free tax You must file a return if any of the following apply. H&r block free tax     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). H&r block free tax       Married dependents—Were you either age 65 or older or blind?     No. H&r block free tax You must file a return if any of the following apply. H&r block free tax       Your gross income was at least $5 and your spouse files a separate return and itemizes deductions. H&r block free tax Your unearned income was over $1,000. H&r block free tax Your earned income was over $6,100. H&r block free tax Your gross income was more than the larger of—       $1,000, or Your earned income (up to $5,750) plus $350. H&r block free tax       Yes. H&r block free tax You must file a return if any of the following apply. H&r block free tax       Your gross income was at least $5 and your spouse files a separate return and itemizes deductions. H&r block free tax 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). H&r block free tax       Example 1. H&r block free tax Joe is 20, single, not blind, and a full-time college student. H&r block free tax He does not provide more than half of his own support, and his parents claim an exemption for him on their income tax return. H&r block free tax He received $200 taxable interest income and earned $2,750 from a part-time job. H&r block free tax 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). H&r block free tax Filled-in Example 1 Filing Requirement Worksheet  for Most Dependents 1. H&r block free tax Enter dependent's earned income plus $350   $ 3,100 2. H&r block free tax Minimum amount   1,000 3. H&r block free tax Compare lines 1 and 2. H&r block free tax Enter the larger amount   3,100 4. H&r block free tax Maximum amount   6,100 5. H&r block free tax Compare lines 3 and 4. H&r block free tax Enter the smaller amount   3,100 6. H&r block free tax Enter the dependent's gross income. H&r block free tax If line 6 is more than line 5, the dependent must file an income tax return. H&r block free tax 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. H&r block free tax   $ 2,950   Example 2. H&r block free tax The facts are the same as in Example 1 except that Joe had $600 taxable interest income. H&r block free tax 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). H&r block free tax Filled-in Example 2 Filing Requirement Worksheet for Most Dependents 1. H&r block free tax Enter dependent's earned income plus $350   $ 3,100 2. H&r block free tax Minimum amount   1,000 3. H&r block free tax Compare lines 1 and 2. H&r block free tax Enter the larger amount   3,100 4. H&r block free tax Maximum amount   6,100 5. H&r block free tax Compare lines 3 and 4. H&r block free tax Enter the smaller amount   3,100 6. H&r block free tax Enter the dependent's gross income. H&r block free tax If line 6 is more than line 5, the dependent must file an income tax return. H&r block free tax 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. H&r block free tax   $ 3,350   Age 65 or older or blind. H&r block free tax 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. H&r block free tax Filing Requirement Worksheet  for Dependents Who Are Age 65 or Older or Blind 1. H&r block free tax Enter dependent's earned income plus $350     2. H&r block free tax Minimum amount   $1,000 3. H&r block free tax Compare lines 1 and 2. H&r block free tax Enter the larger amount     4. H&r block free tax Maximum amount   6,100 5. H&r block free tax Compare lines 3 and 4. H&r block free tax Enter the smaller amount     6. H&r block free tax 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. H&r block free tax Add lines 5 and 6. H&r block free tax Enter the total     8. H&r block free tax Enter the dependent's gross income. H&r block free tax If line 8 is more than line 7, the dependent must file an income tax return. H&r block free tax 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. H&r block free tax The facts are the same as in Example 2 except that Joe is also blind. H&r block free tax 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). H&r block free tax   Filled-in Example 3 Filing Requirement Worksheet  for Dependents Who Are Age 65 or Older or Blind 1. H&r block free tax Enter dependent's earned income plus $350   $3,100 2. H&r block free tax Minimum amount   1,000 3. H&r block free tax Compare lines 1 and 2. H&r block free tax Enter the larger amount   3,100 4. H&r block free tax Maximum amount   6,100 5. H&r block free tax Compare lines 3 and 4. H&r block free tax Enter the smaller amount   3,100 6. H&r block free tax 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. H&r block free tax Add lines 5 and 6. H&r block free tax Enter the total   4,600 8. H&r block free tax Enter the dependent's gross income. H&r block free tax If line 8 is more than line 7, the dependent must file an income tax return. H&r block free tax 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. H&r block free tax 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. H&r block free tax But if the dependent is filing a return only because of this tax, the dependent can file Form 5329 by itself. H&r block free tax A dependent must also file a tax return if he or she: Had wages of $108. H&r block free tax 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. H&r block free tax Spouse itemizes. H&r block free tax   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). H&r block free tax 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. H&r block free tax Income tax was withheld from his or her income. H&r block free tax He or she qualifies for the earned income credit, additional child tax credit, health coverage tax credit, or refundable American opportunity education credit. H&r block free tax See the tax return instructions to find out who qualifies for these credits. H&r block free tax  By filing a return, the dependent can get a refund. H&r block free tax 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. H&r block free tax 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. H&r block free tax Signing the child's return. H&r block free tax   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. H&r block free tax ” Authority of parent or guardian. H&r block free tax   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. H&r block free tax   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. H&r block free tax 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. H&r block free tax Third party designee. H&r block free tax   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. H&r block free tax 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. H&r block free tax   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. H&r block free tax 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. H&r block free tax See the return instructions for more information. H&r block free tax Designated as representative. H&r block free tax   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. H&r block free tax Form 2848, Power of Attorney and Declaration of Representative, is used to designate a child's representative. H&r block free tax See Publication 947, Practice Before the IRS and Power of Attorney, for more information. H&r block free tax   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. H&r block free tax IRS notice. H&r block free tax   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. H&r block free tax The notice will show who to contact. H&r block free tax The IRS will try to resolve the matter with the parent(s) or guardian(s) of the child consistent with their authority. H&r block free tax Child's earnings. H&r block free tax   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. H&r block free tax This is true even if, under state law, the parent has the right to the earnings and may actually have received them. H&r block free tax If the child does not pay the tax due on this income, the parent may be liable for the tax. H&r block free tax Child's expenses. H&r block free tax   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. H&r block free tax Example. H&r block free tax You made payments on your child's behalf that are deductible as a business expense and a charitable contribution. H&r block free tax You made the payments out of your child's earnings. H&r block free tax These items can be deducted only on the child's return. H&r block free tax 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). H&r block free tax However, the standard deduction may be higher for a dependent who: Is 65 or older, or Is blind. H&r block free tax Certain dependents cannot claim any standard deduction. H&r block free tax See Standard Deduction of Zero , later. H&r block free tax Worksheet 1. H&r block free tax   Use Worksheet 1 to figure the dependent's standard deduction. H&r block free tax Worksheet 1. H&r block free tax Standard Deduction Worksheet for Dependents Use this worksheet only if someone else can claim you (or your spouse, if filing jointly) as a dependent. H&r block free tax If you were 65 or older and/or blind, check the correct number of boxes below. H&r block free tax Put the total number of boxes checked in box c and go to line 1. H&r block free tax a. H&r block free tax You 65 or older   Blind   b. H&r block free tax Your spouse, if claiming  spouse's exemption 65 or older   Blind   c. H&r block free tax Total boxes checked         1. H&r block free tax Enter your earned income (defined below) plus $350. H&r block free tax If none, enter -0-. H&r block free tax 1. H&r block free tax     2. H&r block free tax Minimum amount. H&r block free tax   2. H&r block free tax $1,000   3. H&r block free tax Compare lines 1 and 2. H&r block free tax Enter the larger of the two amounts here. H&r block free tax 3. H&r block free tax     4. H&r block free tax Enter on line 4 the amount shown below for your filing status. H&r block free tax       Single or Married filing separately—$6,100 Married filing jointly—$12,200 Head of household—$8,950 4. H&r block free tax     5. H&r block free tax Standard deduction. H&r block free tax         a. H&r block free tax Compare lines 3 and 4. H&r block free tax Enter the smaller amount here. H&r block free tax If under 65 and not blind, stop here. H&r block free tax This is your standard deduction. H&r block free tax Otherwise, go on to line 5b. H&r block free tax 5a. H&r block free tax     b. H&r block free tax If 65 or older or blind, multiply $1,500 ($1,200 if married) by the number in box c above. H&r block free tax Enter the result here. H&r block free tax 5b. H&r block free tax     c. H&r block free tax Add lines 5a and 5b. H&r block free tax This is your standard deduction for 2013. H&r block free tax 5c. H&r block free tax     Earned income includes wages, salaries, tips, professional fees, and other compensation received for personal services you performed. H&r block free tax It also includes any amount received as a scholarship that you must include in income. H&r block free tax   Example 1. H&r block free tax Michael is single, age 15, and not blind. H&r block free tax His parents can claim him as a dependent on their tax return. H&r block free tax He has taxable interest income of $800 and wages of $150. H&r block free tax He enters $500 (his earned income plus $350) on line 1 of Worksheet 1. H&r block free tax On line 3, he enters $1,000, the larger of $500 or $1,000. H&r block free tax Michael enters $6,100 on line 4. H&r block free tax On line 5a, he enters $1,000, the smaller of $1,000 or $6,100. H&r block free tax His standard deduction is $1,000. H&r block free tax Example 2. H&r block free tax Judy, a full-time student, is single, age 22, and not blind. H&r block free tax Her parents can claim her as a dependent on their tax return. H&r block free tax She has dividend income of $275 and wages of $2,500. H&r block free tax She enters $2,850 (her earned income plus $350) on line 1 of Worksheet 1. H&r block free tax On line 3, she enters $2,850, the larger of $2,850 or $1,000. H&r block free tax She enters $6,100 on line 4. H&r block free tax On line 5a, she enters $2,850 (the smaller of $2,850 or $6,100) as her standard deduction. H&r block free tax Example 3. H&r block free tax Amy, who is single, is claimed as a dependent on her parents' tax return. H&r block free tax She is 18 years old and blind. H&r block free tax She has taxable interest income of $1,000 and wages of $2,000. H&r block free tax She enters $2,350 (her earned income plus $350) on line 1 of Worksheet 1. H&r block free tax 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. H&r block free tax Because Amy is blind, she checks the box for blindness and enters “1” in box c at the top of Worksheet 1. H&r block free tax She enters $1,500 (the number in box c times $1,500) on line 5b. H&r block free tax Her standard deduction on line 5c is $3,850 ($2,350 + $1,500). H&r block free tax Standard Deduction of Zero The standard deduction for the following dependents is zero. H&r block free tax A married dependent filing a separate return whose spouse itemizes deductions. H&r block free tax 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. H&r block free tax A nonresident or dual-status alien dependent, unless the dependent is married to a U. H&r block free tax S. H&r block free tax citizen or resident alien at the end of the year and chooses to be treated as a U. H&r block free tax S. H&r block free tax resident for the year. H&r block free tax See Publication 519, U. H&r block free tax S. H&r block free tax Tax Guide for Aliens, for information on making this choice. H&r block free tax Example. H&r block free tax Jennifer, who is a dependent of her parents, is entitled to file a joint return with her husband. H&r block free tax However, her husband elects to file a separate return and itemize his deductions. H&r block free tax Because he itemizes, Jennifer's standard deduction on her return is zero. H&r block free tax She can, however, itemize any of her allowable deductions. H&r block free tax 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. H&r block free tax This is true even if the other taxpayer does not actually claim the exemption. H&r block free tax Example. H&r block free tax James and Barbara can claim their child, Ben, as a dependent on their return. H&r block free tax Ben is a college student who works during the summer and must file a tax return. H&r block free tax Ben cannot claim his own exemption on his return. H&r block free tax This is true even if James and Barbara do not claim him as a dependent on their return. H&r block free tax Withholding From Wages Employers generally withhold federal income tax, social security tax, and Medicare tax from an employee's wages. H&r block free tax If the employee claims exemption from withholding on Form W-4, the employer will not withhold federal income tax. H&r block free tax The exemption from withholding does not apply to social security and Medicare taxes. H&r block free tax Conditions for exemption from withholding. H&r block free tax   An employee can claim exemption from withholding for 2014 only if he or she meets both of the following conditions. H&r block free tax For 2013, the employee had a right to a refund of all federal income tax withheld because he or she had no tax liability. H&r block free tax For 2014, the employee expects a refund of all federal income tax withheld because he or she expects to have no tax liability. H&r block free tax Dependents. H&r block free tax   An employee who is a dependent ordinarily cannot claim exemption from withholding if both of the following are true. H&r block free tax The employee's gross income will be more than $1,000, the minimum standard deduction for 2014. H&r block free tax The employee's unearned income will be more than $350. H&r block free tax Exceptions. H&r block free tax   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. H&r block free tax The above exceptions do not apply to supplemental wages greater than $1,000,000. H&r block free tax For more information, see Exemption From Withholding in chapter 1 of Publication 505. H&r block free tax Example. H&r block free tax Guy is 17 and a student. H&r block free tax During the summer he works part time at a grocery store. H&r block free tax He expects to earn about $1,200 this year. H&r block free tax 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. H&r block free tax The only other income he expects during the year is $375 interest on a savings account. H&r block free tax He expects that his parents will be able to claim him as a dependent on their tax return. H&r block free tax He is not blind and will not claim adjustments to income, itemized deductions, a higher standard deduction, or tax credits on his return. H&r block free tax 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. H&r block free tax Claiming exemption from withholding. H&r block free tax    To claim exemption from withholding, an employee must enter “Exempt” in the space provided on Form W-4, line 7. H&r block free tax The employee must complete the rest of the form, as explained in the form instructions, and give it to his or her employer. H&r block free tax Renewing an exemption from withholding. H&r block free tax   An exemption from withholding is good for only one year. H&r block free tax An employee must file a new Form W-4 by February 15 each year to continue the exemption. H&r block free tax Part 2. H&r block free tax Tax on Unearned Income of Certain Children The two rules that follow may affect the tax on the unearned income of certain children. H&r block free tax 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. H&r block free tax (See Parent's Election To Report Child's Interest and Dividends , later. H&r block free tax ) 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. H&r block free tax (See Tax for Certain Children Who Have Unearned Income , later. H&r block free tax ) For these rules, the term “child” includes a legally adopted child and a stepchild. H&r block free tax These rules apply whether or not the child is a dependent. H&r block free tax These rules do not apply if neither of the child's parents were living at the end of the year. H&r block free tax 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. H&r block free tax 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 . H&r block free tax 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. H&r block free tax Only the parent whose tax return is used can make the election described under Parent's Election To Report Child's Interest and Dividends . H&r block free tax Parents are married. H&r block free tax   If the child's parents file separate returns, use the return of the parent with the greater taxable income. H&r block free tax Parents not living together. H&r block free tax   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. H&r block free tax If the custodial parent is not considered unmarried, use the return of the parent with the greater taxable income. H&r block free tax   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. H&r block free tax Parents are divorced. H&r block free tax   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. H&r block free tax Custodial parent remarried. H&r block free tax   If the custodial parent has remarried, the stepparent (rather than the noncustodial parent) is treated as the child's other parent. H&r block free tax Therefore, if the custodial parent and the stepparent file a joint return, use that joint return. H&r block free tax Do not use the return of the noncustodial parent. H&r block free tax   If the custodial parent and the stepparent are married, but file separate returns, use the return of the one with the greater taxable income. H&r block free tax If the custodial parent and the stepparent are married but not living together, the earlier discussion under Parents not living together applies. H&r block free tax Parents never married. H&r block free tax   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. H&r block free tax If the parents did not live together all year, the rules explained earlier under Parents are divorced apply. H&r block free tax Widowed parent remarried. H&r block free tax   If a widow or widower remarries, the new spouse is treated as the child's other parent. H&r block free tax The rules explained earlier under Custodial parent remarried apply. H&r block free tax 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. H&r block free tax If you do, your child will not have to file a return. H&r block free tax You can make this election only if all the following conditions are met. H&r block free tax Your child was under age 19 (or under age 24 if a full-time student) at the end of the year. H&r block free tax Your child had income only from interest and dividends (including capital gain distributions and Alaska Permanent Fund dividends). H&r block free tax The child's gross income was less than $10,000. H&r block free tax The child is required to file a return unless you make this election. H&r block free tax The child does not file a joint return for the year. H&r block free tax 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. H&r block free tax No federal income tax was withheld from your child's income under the backup withholding rules. H&r block free tax You are the parent whose return must be used when applying the special tax rules for children. H&r block free tax (See Which Parent's Return To Use , earlier. H&r block free tax ) These conditions are also shown in Figure 1. H&r block free tax Certain January 1 birthdays. H&r block free tax   A child born on January 1, 1995, is considered to be age 19 at the end of 2013. H&r block free tax You cannot make this election for such a child unless the child was a full-time student. H&r block free tax   A child born on January 1, 1990, is considered to be age 24 at the end of 2013. H&r block free tax You cannot make this election for such a child. H&r block free tax How to make the election. H&r block free tax    Make the election by attaching Form 8814 to your Form 1040 or Form 1040NR. H&r block free tax (If you make this election, you cannot file Form 1040A or Form 1040EZ. H&r block free tax ) Attach a separate Form 8814 for each child for whom you make the election. H&r block free tax You can make the election for one or more children and not for others. H&r block free tax Effect of Making the Election The federal income tax on your child's income may be more if you make the Form 8814 election. H&r block free tax Rate may be higher. H&r block free tax   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. H&r block free tax This is because the tax rate on the child's income between $1,000 and $2,000 is 10% if you make this election. H&r block free tax 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. H&r block free tax Deductions you cannot take. H&r block free tax   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. H&r block free tax The additional standard deduction if the child is blind. H&r block free tax The deduction for a penalty on an early withdrawal of your child's savings. H&r block free tax Itemized deductions (such as your child's investment expenses or charitable contributions). H&r block free tax Figure 1. H&r block free tax Can You Include Your Child's Income On Your Tax Return? Please click here for the text description of the image. H&r block free tax Figure 1. H&r block free tax Can You Include Your Child's Income On Your Tax Return? Deductible investment interest. H&r block free tax   If you use Form 8814, your child's unearned income is considered your unearned income. H&r block free tax To figure the limit on your deductible investment interest, add the child's unearned income to yours. H&r block free tax 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. H&r block free tax Alternative minimum tax. H&r block free tax    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. H&r block free tax If it is, you must include it with your own tax preference items when figuring your AMT. H&r block free tax See Form 6251, Alternative Minimum Tax—Individuals, and its instructions for details. H&r block free tax Reduced deductions or credits. H&r block free tax   If you use Form 8814, your increased adjusted gross income may reduce certain deductions or credits on your return, including the following. H&r block free tax Deduction for contributions to a traditional individual retirement arrangement (IRA). H&r block free tax Deduction for student loan interest. H&r block free tax Itemized deductions for medical expenses, casualty and theft losses, and certain miscellaneous expenses. H&r block free tax Credit for child and dependent care expenses. H&r block free tax Child tax credit. H&r block free tax Education tax credits. H&r block free tax Earned income credit. H&r block free tax Penalty for underpayment of estimated tax. H&r block free tax   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. H&r block free tax 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. H&r block free tax Get Publication 505 for more information. H&r block free tax Figuring Child's Income Use Form 8814, Part I, to figure your child's interest and dividend income to report on your return. H&r block free tax Only the amount over $2,000 is added to your income. H&r block free tax The amount over $2,000 is shown on Form 8814, line 6. H&r block free tax Unless the child's income includes qualified dividends or capital gain distributions (discussed next), the same amount is shown on Form 8814, line 12. H&r block free tax Include the amount from Form 8814, line 12, on Form 1040 or Form 1040NR, line 21. H&r block free tax 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. H&r block free tax On the dotted line next to line 21, enter “Form 8814” and the total of the Form 8814, line 12 amounts. H&r block free tax Note. H&r block free tax The tax on the first $2,000 is figured on Form 8814, Part II. H&r block free tax See Figuring Additional Tax , later. H&r block free tax Qualified dividends. H&r block free tax   Enter on Form 8814, line 2a, any ordinary dividends your child received. H&r block free tax This amount may include qualified dividends. H&r block free tax 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. H&r block free tax For detailed information about qualified dividends, see Publication 550. H&r block free tax   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. H&r block free tax You do not include these dividends on Form 8814, line 12, or on line 21 of Form 1040 or Form 1040NR. H&r block free tax   Enter the child's qualified dividends on Form 8814, line 2b. H&r block free tax But do not include this amount on Form 1040, lines 9a and 9b, or Form 1040NR, lines 10a and 10b. H&r block free tax Instead, include the amount from Form 8814, line 9, on Form 1040, lines 9a and 9b, or Form 1040NR, lines 10a and 10b. H&r block free tax (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. H&r block free tax ) Capital gain distributions. H&r block free tax   Enter on Form 8814, line 3, any capital gain distributions your child received. H&r block free tax 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. H&r block free tax You do not include it on Form 8814, line 12, or on line 21 of Form 1040 or Form 1040NR. H&r block free tax   Include the amount from Form 8814, line 10, on Schedule D, line 13; Form 1040, line 13; or Form 1040NR, line 14, whichever applies. H&r block free tax (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. H&r block free tax ) Collectibles (28% rate) gain. H&r block free tax    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. H&r block free tax Multiply the child's capital gain distribution included on Schedule D, line 13, by a fraction. H&r block free tax The numerator is the part of the child's total capital gain distribution that is collectibles (28% rate) gain. H&r block free tax The denominator is the child's total capital gain distribution. H&r block free tax Enter the result on line 4 of the 28% Rate Gain Worksheet. H&r block free tax Unrecaptured section 1250 gain. H&r block free tax   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. H&r block free tax Multiply the child's capital gain distribution included on Schedule D, line 13, by a fraction. H&r block free tax The numerator is the part of the child's total capital gain distribution that is unrecaptured section 1250 gain. H&r block free tax The denominator is the child's total capital gain distribution. H&r block free tax Enter the result on the Unrecaptured Section 1250 Gain Worksheet, line 11. H&r block free tax Section 1202 gain. H&r block free tax   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. H&r block free tax (For information about the exclusion, see chapter 4 of Publication 550. H&r block free tax ) To figure that part, multiply the child's capital gain distribution included on Schedule D, line 13, by a fraction. H&r block free tax The numerator is the part of the child's total capital gain distribution that is section 1202 gain. H&r block free tax The denominator is the child's total capital gain distribution. H&r block free tax Your section 1202 exclusion is generally 50% of the result, but may be subject to a limit. H&r block free tax In some cases, the exclusion is more than 50%. H&r block free tax See the instructions for Schedule D for details and information on how to report the exclusion amount. H&r block free tax Example. H&r block free tax Fred is 6 years old. H&r block free tax 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. H&r block free tax (None of the distributions were reported on Form 1099-DIV as unrecaptured section 1250 gain, section 1202 gain, or collectibles (28% rate) gain. H&r block free tax ) All of the ordinary dividends are qualified dividends. H&r block free tax He has no other income and is not subject to backup withholding. H&r block free tax No estimated tax payments were made under his name and social security number. H&r block free tax Fred's parents elect to include Fred's income on their tax return instead of filing a return for him. H&r block free tax 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. H&r block free tax They leave lines 1a and 1b of Form 8814 blank because Fred does not have any interest income. H&r block free tax They enter his ordinary dividends of $1,575 on lines 2a and 2b because all of Fred's ordinary dividends are qualified dividends. H&r block free tax They enter the amount of Fred's capital gain distributions, $525, on line 3. H&r block free tax Next, they add the amounts on lines 1a, 2a, and 3 and enter the result, $2,100, on line 4. H&r block free tax 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. H&r block free tax This is the total amount from Form 8814 to be reported on their return. H&r block free tax Next, they figure how much of this amount is qualified dividends and how much is capital gain distributions. H&r block free tax They divide the amount on line 2b, $1,575, by the amount on line 4, $2,100. H&r block free tax They enter the result, . H&r block free tax 75, on line 7. H&r block free tax They divide the amount on line 3, $525, by the amount on line 4, $2,100. H&r block free tax They enter the result, . H&r block free tax 25, on line 8. H&r block free tax They multiply the amount on line 6, $100, by the decimal on line 7, . H&r block free tax 75, and enter the result, $75, on line 9. H&r block free tax They multiply the amount on line 6, $100, by the decimal on line 8, . H&r block free tax 25, and enter the result, $25, on line 10. H&r block free tax 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. H&r block free tax 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. H&r block free tax They enter $100 ($75 + $25) on line 11 and -0- ($100 – $100) on line 12. H&r block free tax Because the amount on line 12 is -0-, they do not include any amount from Form 8814 on their Form 1040, line 21. H&r block free tax 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. H&r block free tax This tax is added to the tax figured on your income. H&r block free tax This additional tax is the smaller of: 10% x (your child's gross income − $1,000), or $100. H&r block free tax Include the amount from line 15 of all your Forms 8814 in the total on Form 1040, line 44, or Form 1040NR, line 42. H&r block free tax Check box a on Form 1040, line 44, or Form 1040NR, line 42. H&r block free tax 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. H&r block free tax 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. H&r block free tax Attach the completed form to the child's Form 1040, Form 1040A, or Form 1040NR. H&r block free tax When Form 8615 must be filed. H&r block free tax   Form 8615 must be filed for a child if all of the following statements are true. H&r block free tax The child's unearned income was more than $2,000. H&r block free tax The child is required to file a return for 2013. H&r block free tax 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. H&r block free tax At least one of the child's parents was alive at the end of 2013. H&r block free tax The child does not file a joint return for 2013. H&r block free tax These conditions are also shown in Figure 2. H&r block free tax Certain January 1 birthdays. H&r block free tax   Use the following chart to determine whether certain children with January 1 birthdays meet condition 3 under When Form 8615 must be filed. H&r block free tax IF a child was born on. H&r block free tax . H&r block free tax . H&r block free tax THEN, at the end of 2013, the child is considered to be. H&r block free tax . H&r block free tax . H&r block free tax January 1, 1996 18* January 1, 1995 19** January 1, 1990 24*** *This child is not under age 18. H&r block free tax The child meets condition 3 only if the child did not have earned income that was more than half of the child's support. H&r block free tax  **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. H&r block free tax  ***Do not use Form 8615 for this child. H&r block free tax Figure 2. H&r block free tax Do You Have To Use Form 8615 To Figure Your Child's Tax? Please click here for the text description of the image. H&r block free tax Figure 2. H&r block free tax 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. H&r block free tax (If the parents filed a joint return, enter the name and social security number listed first on the joint return. H&r block free tax ) On line C, check the box for the parent's filing status. H&r block free tax See Which Parent's Return To Use, earlier, for information on which parent's return information must be used on Form 8615. H&r block free tax Parent with different tax year. H&r block free tax   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. H&r block free tax Example. H&r block free tax Kimberly must use her mother's tax and taxable income to complete her Form 8615 for calendar year 2013 (January 1 – December 31). H&r block free tax Kimberly's mother files her tax return on a fiscal year basis (July 1 – June 30). H&r block free tax Kimberly must use the information on her mother's return for the tax year ending June 30, 2013, to complete her 2013 Form 8615. H&r block free tax Parent's return information not known timely. H&r block free tax   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. H&r block free tax   You can use any reasonable estimate. H&r block free tax This includes using information from last year's return. H&r block free tax If you use an estimated amount on Form 8615, enter “Estimated” on the line next to the amount. H&r block free tax   When you get the correct information, file an amended return on Form 1040X, Amended U. H&r block free tax S. H&r block free tax Individual Income Tax Return. H&r block free tax Extension of time to file. H&r block free tax   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. H&r block free tax S. H&r block free tax Individual Income Tax Return. H&r block free tax See the instructions for Form 4868 for details. H&r block free tax    An extension of time to file is not an extension of time to pay. H&r block free tax You must make an accurate estimate of the tax for 2013. H&r block free tax 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. H&r block free tax See Form 4868 and its instructions. H&r block free tax Parent's return information not available. H&r block free tax   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). H&r block free tax How to request. H&r block free tax   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. H&r block free tax (The IRS cannot process a request received before the end of the tax year. H&r block free tax )    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. H&r block free tax   The request must contain all of the following. H&r block free tax 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. H&r block free tax Proof of the child's age (for example, a copy of the child's birth certificate). H&r block free tax 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). H&r block free tax 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. H&r block free tax    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. H&r block free tax Step 1. H&r block free tax 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. H&r block free tax To do that, use Form 8615, Part I. H&r block free tax 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. H&r block free tax Adjusted gross income is shown on Form 1040, line 38; Form 1040A, line 22; or Form 1040NR, line 37. H&r block free tax Form 1040EZ and Form 1040NR-EZ cannot be used if Form 8615 must be filed. H&r block free tax 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. H&r block free tax 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. H&r block free tax Alternate Worksheet for Form 8615, Line 1 A. H&r block free tax Enter the amount from the child's Form 1040, line 22, or Form 1040NR, line 23   B. H&r block free tax 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. H&r block free tax Enter this total as a positive number (greater than zero)   C. H&r block free tax Add line A and line B and  enter the total   D. H&r block free tax 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. H&r block free tax Subtract line D from line C. H&r block free tax Enter the result here and on Form 8615, line 1   Unearned income defined. H&r block free tax   Unearned income is generally all income other than salaries, wages, and other amounts received as pay for work actually performed. H&r block free tax 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. H&r block free tax 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). H&r block free tax Nontaxable income. H&r block free tax   For this purpose, unearned income includes only amounts the child must include in gross income. H&r block free tax Nontaxable unearned income, such as tax-exempt interest and the nontaxable part of social security and pension payments, is not included. H&r block free tax Capital loss. H&r block free tax   A child's capital losses are taken into account in figuring the child's unearned income. H&r block free tax Capital losses are first applied against capital gains. H&r block free tax 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. H&r block free tax Any difference over $3,000 is carried to the next year. H&r block free tax Income from property received as a gift. H&r block free tax   A child's unearned income includes all income produced by property belonging to the child. H&r block free tax 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. H&r block free tax   A child's unearned income includes income produced by property given as a gift to the child. H&r block free tax This includes gifts to the child from grandparents or any other person and gifts made under the Uniform Gift to Minors Act. H&r block free tax Example. H&r block free tax Amanda Black, age 13, received the following income. H&r block free tax 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. H&r block free tax Amanda's unearned income is $2,100. H&r block free tax This is the total of the dividends ($800), taxable interest ($1,200), and capital gains reduced by capital losses ($300 − $200 = $100). H&r block free tax Her wages are earned (not unearned) income because they are received for work actually performed. H&r block free tax Her tax-exempt interest is not included because it is nontaxable. H&r block free tax Trust income. H&r block free tax   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. H&r block free tax   However, taxable distributions from a qualified disability trust are considered earned income for the purposes of completing Form 8615. H&r block free tax See the Form 8615 instructions for details. H&r block free tax Adjustment to income. H&r block free tax   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. H&r block free tax Line 2 (Deductions) If the child does not itemize deductions on Schedule A (Form 1040 or Form 1040NR), enter $2,000 on line 2. H&r block free tax 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. H&r block free tax Directly connected. H&r block free tax   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. H&r block free tax These expenses include custodian fees and service charges, service fees to collect taxable interest and dividends, and certain investment counsel fees. H&r block free tax    These expenses are added to certain other miscellaneous itemized deductions on Schedule A (Form 1040). H&r block free tax Only the amount greater than 2% of the child's adjusted gross income can be deducted. H&r block free tax See Publication 529, Miscellaneous Deductions, for more information. H&r block free tax Example 1. H&r block free tax 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. H&r block free tax His adjusted gross income is $8,000, which is entered on Form 1040, line 38, and on Form 8615, line 1. H&r block free tax 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. H&r block free tax Example 2. H&r block free tax Eleanor, age 8, has unearned income of $16,000 and an early withdrawal penalty of $100. H&r block free tax She has no other income. H&r block free tax 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. H&r block free tax Her adjusted gross income, entered on line 1, is $15,900 ($16,000 − $100). H&r block free tax The amount on line 2 is $2,050. H&r block free tax This is the larger of: $1,000 plus the $1,050 of directly connected itemized deductions, or $2,000. H&r block free tax Line 3 Subtract line 2 from line 1 and enter the result on this line. H&r block free tax If zero or less, do not complete the rest of the form. H&r block free tax However, you must still attach Form 8615 to the child's tax return. H&r block free tax Figure the tax on the child's taxable income in the normal manner. H&r block free tax 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. H&r block free tax Child files Form 2555 or 2555-EZ. H&r block free tax   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. H&r block free tax Enter the amount from line 3 of the Foreign Earned Income Tax Worksheet as the child's taxable income on Form 8615, line 4. H&r block free tax Line 5 (Net Unearned Income) A child's net unearned income cannot be more than his or her taxable income. H&r block free tax Enter on Form 8615, line 5, the smaller of line 3 or line 4. H&r block free tax This is the child's net unearned income. H&r block free tax If zero or less, do not complete the rest of the form. H&r block free tax However, you must still attach Form 8615 to the child's tax return. H&r block free tax Figure the tax on the child's taxable income in the normal manner. H&r block free tax Step 2. H&r block free tax 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. H&r block free tax 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. H&r block free tax 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. H&r block free tax For example, do not refigure the medical expense deduction. H&r block free tax Figure the tentative tax on Form 8615, lines 6 through 13. H&r block free tax 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. H&r block free tax If the parent's taxable income is zero or less, enter zero on line 6. H&r block free tax Parent files Form 2555 or 2555-EZ. H&r block free tax   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. H&r block free tax 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. H&r block free tax 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. H&r block free tax Do not include the amount from line 5 of the Form 8615 being completed. H&r block free tax (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. H&r block free tax ) Example. H&r block free tax Paul and Jane Persimmon have three children, Sharon, Jerry, and Mike, who must attach Form 8615 to their tax returns. H&r block free tax 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. H&r block free tax Line 7 of Jerry's Form 8615 will show $1,800 ($800 + $1,000). H&r block free tax Line 7 of Mike's Form 8615 will show $1,400 ($800 + $600). H&r block free tax Other children's information not available. H&r block free tax   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. H&r block free tax Estimates and extensions are discussed earlier under Providing Parental Information (Form 8615, Lines A–C) . H&r block free tax Line 8 (Parent's Taxable Income Plus Children's Net Unearned Income) Enter on this line the total of lines 5, 6, and 7. H&r block free tax You must determine the amount of net capital gain and qualified dividends included on this line before completing Form 8615, line 9. H&r block free tax Net capital gain. H&r block free tax   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. H&r block free tax If Schedule D is not required, it is the amount on Form 1040, line 13; Form 1040A, line 10; or Form 1040NR, line 14. H&r block free tax Qualified dividends. H&r block free tax   Qualified dividends are those dividends reported on line 9b of Form 1040 or Form 1040A, or line 10b of Form 1040NR. H&r block free tax Net capital gain and qualified dividends on line 8. H&r block free tax   If neither the child, nor the parent, nor any other child has net capital gain, the net capital gain on line 8 is zero. H&r block free tax   If neither the child, nor the parent, nor any other child has qualified dividends, the amount of qualified dividends on line 8 is zero. H&r block free tax   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. H&r block free tax   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. H&r block free tax   Use the instructions for Form 8615, line 8, including the appropriate Line 5 Worksheet, to find these amounts. H&r block free tax See the instructions for Form 8615 for more details. H&r block free tax Note. H&r block free tax The amount of any net capital gain or qualified dividends is not separately reported on line 8. H&r block free tax It is  needed, however, when figuring the tax on line 9. H&r block free tax 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. H&r block free tax 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. H&r block free tax 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. H&r block free tax If line 8 includes any net capital gain or qualified dividends, use the Qualified Dividends and Capital Gain Tax Worksheet to figure this tax. H&r block free tax For details, see the instructions for Form 8615, line 9. H&r block free tax However, if the child, parent, or any other child has 28% rate gain or unrecaptured section 1250 gain, use the Schedule D Tax Worksheet. H&r block free tax But if Schedule J is used to figure the tax on the parent's return, use it to figure this tax. H&r block free tax Child files Form 2555 or 2555-EZ. H&r block free tax   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. H&r block free tax Using the Schedule D Tax Worksheet for line 9 tax. H&r block free tax    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. H&r block free tax 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. H&r block free tax Then figure the line 9 tax using another Schedule D Tax Worksheet. H&r block free tax (Do not attach this Schedule D Tax Worksheet to the child's return. H&r block free tax )   Complete this Schedule D Tax Worksheet as follows. H&r block free tax On line 1, enter the amount from Form 8615, line 8. H&r block free tax On line 2, enter the qualified dividends included on Form 8615, line 8. H&r block free tax (See the earlier discussion for line 8. H&r block free tax ) 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. H&r block free tax 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. H&r block free tax If applicable, include instead the smaller amount entered on the dotted line next to line 4e. H&r block free tax On lines 5 and 6, follow the worksheet instructions. H&r block free tax On line 7, enter the net capital gain included on Form 8615, line 8. H&r block free tax (See the earlier discussion for line 8. H&r block free tax ) On lines 8 through 10, follow the worksheet instructions. H&r block free tax 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). H&r block free tax 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. H&r block free tax Figure these amounts as explained later under Figuring unrecaptured section 1250 gain (line 11) and Figuring 28% rate gain (line 11). H&r block free tax 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. H&r block free tax Otherwise, skip steps 10, 11, and 12 below, and go to step 13. H&r block free tax Determine whether there is a line 8 capital gain excess as follows. H&r block free tax 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. H&r block free tax (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. H&r block free tax ) Subtract (a) from the amount on line 1 of this Schedule D Tax Worksheet. H&r block free tax Subtract (b) from the amount on line 10 of this Schedule D Tax Worksheet. H&r block free tax If the result is more than zero, that amount is the line 8 capital gain excess. H&r block free tax If the result is zero or less, there is no line 8 capital gain excess. H&r block free tax If there is no line 8 capital gain excess, skip step 12 below and go to step 13. H&r block free tax 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. H&r block free tax (These modifications are to be made only for purposes of filling out this additional Schedule D Tax Worksheet. H&r block free tax ) Reduce the amount you would otherwise enter on line 9 (but not below zero) by the line 8 capital gain excess. H&r block free tax 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. H&r block free tax 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. H&r block free tax 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. H&r block free tax Complete lines 12 through 45 following the worksheet instructions. H&r block free tax Use the parent's filing status to complete lines 15, 42, and 44. H&r block free tax Enter the amount from line 45 of this Schedule D Tax Worksheet on Form 8615, line 9, and check the box on that line