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Https taxes hrblock com hrblock login updatepassword hrbx 5. Https taxes hrblock com hrblock login updatepassword hrbx   Exemptions, Deductions, and Credits Table of Contents Topics - This chapter discusses: Useful Items - You may want to see: Items Related to Excluded Income Exemptions Contributions to Foreign Charitable Organizations Moving ExpensesAllocation of Moving Expenses Forms To File Contributions to Individual Retirement Arrangements Taxes of Foreign Countries and U. Https taxes hrblock com hrblock login updatepassword hrbx S. Https taxes hrblock com hrblock login updatepassword hrbx PossessionsCredit for Foreign Income Taxes Deduction for Foreign Income Taxes Deduction for Other Foreign Taxes How To Report Deductions Topics - This chapter discusses: The rules concerning items related to excluded income, Exemptions, Contributions to foreign charitable organizations, Moving expenses, Contributions to individual retirement arrangements (IRAs), Taxes of foreign countries and U. Https taxes hrblock com hrblock login updatepassword hrbx S. Https taxes hrblock com hrblock login updatepassword hrbx possessions, and How to report deductions. Https taxes hrblock com hrblock login updatepassword hrbx Useful Items - You may want to see: Publication 501 Exemptions, Standard Deduction, and Filing Information 514 Foreign Tax Credit for Individuals 521 Moving Expenses 523 Selling Your Home 590 Individual Retirement Arrangements (IRAs) 597 Information on the United States—Canada Income Tax Treaty Form (and Instructions) 1116 Foreign Tax Credit 2106 Employee Business Expenses 2555 Foreign Earned Income 2555-EZ Foreign Earned Income Exclusion 3903 Moving Expenses Schedule A (Form 1040) Itemized Deductions Schedule C (Form 1040) Profit or Loss From Business SS-5 Application for a Social Security Card W-7 Application for IRS Individual Taxpayer Identification Number See chapter 7 for information about getting these publications and forms. Https taxes hrblock com hrblock login updatepassword hrbx Items Related to Excluded Income U. Https taxes hrblock com hrblock login updatepassword hrbx S. Https taxes hrblock com hrblock login updatepassword hrbx citizens and resident aliens living outside the United States generally are allowed the same deductions as citizens and residents living in the United States. Https taxes hrblock com hrblock login updatepassword hrbx If you choose to exclude foreign earned income or housing amounts, you cannot deduct, exclude, or claim a credit for any item that can be allocated to or charged against the excluded amounts. Https taxes hrblock com hrblock login updatepassword hrbx This includes any expenses, losses, and other normally deductible items that are allocable to the excluded income. Https taxes hrblock com hrblock login updatepassword hrbx You can deduct only those expenses connected with earning includible income. Https taxes hrblock com hrblock login updatepassword hrbx These rules apply only to items definitely related to the excluded earned income and they do not apply to other items that are not definitely related to any particular type of gross income. Https taxes hrblock com hrblock login updatepassword hrbx These rules do not apply to items such as: Personal exemptions, Qualified retirement contributions, Alimony payments, Charitable contributions, Medical expenses, Mortgage interest, or Real estate taxes on your personal residence. Https taxes hrblock com hrblock login updatepassword hrbx For purposes of these rules, your housing deduction is not treated as allocable to your excluded income, but the deduction for self- employment tax is. Https taxes hrblock com hrblock login updatepassword hrbx If you receive foreign earned income in a tax year after the year in which you earned it, you may have to file an amended return for the earlier year to properly adjust the amounts of deductions, credits, or exclusions allocable to your foreign earned income and housing exclusions. Https taxes hrblock com hrblock login updatepassword hrbx Example. Https taxes hrblock com hrblock login updatepassword hrbx In 2012, you had $90,400 of foreign earned income and $9,500 of deductions allocable to your foreign earned income. Https taxes hrblock com hrblock login updatepassword hrbx You did not have a housing exclusion. Https taxes hrblock com hrblock login updatepassword hrbx Because you excluded all of your foreign earned income, you would not have been able to claim any of the deductions on your 2012 return. Https taxes hrblock com hrblock login updatepassword hrbx In 2013, you received a $12,000 bonus for work you did abroad in 2012. Https taxes hrblock com hrblock login updatepassword hrbx You can exclude $4,700 of the bonus because the limit on the foreign earned income exclusion for 2012 was $95,100 and you have already excluded $90,400. Https taxes hrblock com hrblock login updatepassword hrbx Since you must include $7,300 of the bonus ($12,000 − $4,700) for work you did in 2012 in income, you can file an amended return for 2012 to claim $677 of the deductions. Https taxes hrblock com hrblock login updatepassword hrbx This is the deductions allocable to the foreign earned income ($9,500) multiplied by the includible portion of the foreign earned income ($7,300) and divided by the total foreign earned income for 2012 ($102,400). Https taxes hrblock com hrblock login updatepassword hrbx Exemptions You can claim an exemption for your nonresident alien spouse on your separate return, provided your spouse has no gross income for U. Https taxes hrblock com hrblock login updatepassword hrbx S. Https taxes hrblock com hrblock login updatepassword hrbx tax purposes and is not the dependent of another U. Https taxes hrblock com hrblock login updatepassword hrbx S. Https taxes hrblock com hrblock login updatepassword hrbx taxpayer. Https taxes hrblock com hrblock login updatepassword hrbx You also can claim exemptions for individuals who qualify as your dependents. Https taxes hrblock com hrblock login updatepassword hrbx To be your dependent, the individual must be a U. Https taxes hrblock com hrblock login updatepassword hrbx S. Https taxes hrblock com hrblock login updatepassword hrbx citizen, U. Https taxes hrblock com hrblock login updatepassword hrbx S. Https taxes hrblock com hrblock login updatepassword hrbx national, U. Https taxes hrblock com hrblock login updatepassword hrbx S. Https taxes hrblock com hrblock login updatepassword hrbx resident alien, or a resident of Canada or Mexico for some part of the calendar year in which your tax year begins. Https taxes hrblock com hrblock login updatepassword hrbx Children. Https taxes hrblock com hrblock login updatepassword hrbx   Children usually are citizens or residents of the same country as their parents. Https taxes hrblock com hrblock login updatepassword hrbx If you were a U. Https taxes hrblock com hrblock login updatepassword hrbx S. Https taxes hrblock com hrblock login updatepassword hrbx citizen when your child was born, your child generally is a U. Https taxes hrblock com hrblock login updatepassword hrbx S. Https taxes hrblock com hrblock login updatepassword hrbx citizen. Https taxes hrblock com hrblock login updatepassword hrbx This is true even if the child's other parent is a nonresident alien, the child was born in a foreign country, and the child lives abroad with the other parent. Https taxes hrblock com hrblock login updatepassword hrbx   If you have a legally adopted child who is not a U. Https taxes hrblock com hrblock login updatepassword hrbx S. Https taxes hrblock com hrblock login updatepassword hrbx citizen, U. Https taxes hrblock com hrblock login updatepassword hrbx S. Https taxes hrblock com hrblock login updatepassword hrbx resident, or U. Https taxes hrblock com hrblock login updatepassword hrbx S. Https taxes hrblock com hrblock login updatepassword hrbx national, the child meets the citizen requirement if you are a U. Https taxes hrblock com hrblock login updatepassword hrbx S. Https taxes hrblock com hrblock login updatepassword hrbx citizen or U. Https taxes hrblock com hrblock login updatepassword hrbx S. Https taxes hrblock com hrblock login updatepassword hrbx national and the child lived with you as a member of your household all year. Https taxes hrblock com hrblock login updatepassword hrbx Social security number. Https taxes hrblock com hrblock login updatepassword hrbx   You must include on your return the social security number (SSN) of each dependent for whom you claim an exemption. Https taxes hrblock com hrblock login updatepassword hrbx To get a social security number for a dependent, apply at a Social Security office or U. Https taxes hrblock com hrblock login updatepassword hrbx S. Https taxes hrblock com hrblock login updatepassword hrbx consulate. Https taxes hrblock com hrblock login updatepassword hrbx You must provide original or certified copies of documents to verify the dependent's age, identity, and citizenship, and complete Form SS-5. Https taxes hrblock com hrblock login updatepassword hrbx   If you do not have an SSN for a child who was born in 2013 and died in 2013, attach a copy of the child's birth certificate to your tax return. Https taxes hrblock com hrblock login updatepassword hrbx Print “Died” in column (2) of line 6c of your Form 1040 or Form 1040A. Https taxes hrblock com hrblock login updatepassword hrbx   If your dependent is a nonresident alien who is not eligible to get a social security number, you must list the dependent's individual taxpayer identification number (ITIN) instead of an SSN. Https taxes hrblock com hrblock login updatepassword hrbx To apply for an ITIN, file Form W-7 with the IRS. Https taxes hrblock com hrblock login updatepassword hrbx It usually takes 6 to 10 weeks to get an ITIN. Https taxes hrblock com hrblock login updatepassword hrbx Enter your dependent's ITIN wherever an SSN is requested on your tax return. Https taxes hrblock com hrblock login updatepassword hrbx More information. Https taxes hrblock com hrblock login updatepassword hrbx   For more information about exemptions, see Publication 501. Https taxes hrblock com hrblock login updatepassword hrbx Contributions to Foreign Charitable Organizations If you make contributions directly to a foreign church or other foreign charitable organization, you generally cannot deduct them. Https taxes hrblock com hrblock login updatepassword hrbx Exceptions are explained under Canadian, Mexican, and Israeli charities, later. Https taxes hrblock com hrblock login updatepassword hrbx You can deduct contributions to a U. Https taxes hrblock com hrblock login updatepassword hrbx S. Https taxes hrblock com hrblock login updatepassword hrbx organization that transfers funds to a charitable foreign organization if the U. Https taxes hrblock com hrblock login updatepassword hrbx S. Https taxes hrblock com hrblock login updatepassword hrbx organization controls the use of the funds by the foreign organization or if the foreign organization is just an administrative arm of the U. Https taxes hrblock com hrblock login updatepassword hrbx S. Https taxes hrblock com hrblock login updatepassword hrbx organization. Https taxes hrblock com hrblock login updatepassword hrbx Canadian, Mexican, and Israeli charities. Https taxes hrblock com hrblock login updatepassword hrbx   Under the income tax treaties with Canada, Mexico and Israel, you may be able to deduct contributions to certain Canadian, Mexican, and Israeli charitable organizations. Https taxes hrblock com hrblock login updatepassword hrbx Generally, you must have income from sources in Canada, Mexico, or Israel, and the organization must meet certain requirements. Https taxes hrblock com hrblock login updatepassword hrbx See Publication 597, Information on the United States-Canada Income Tax Treaty, and Publication 526, Charitable Contributions, for more information. Https taxes hrblock com hrblock login updatepassword hrbx Moving Expenses If you moved to a new home in 2013 because of your job or business, you may be able to deduct the expenses of your move. Https taxes hrblock com hrblock login updatepassword hrbx Generally, to be deductible, the moving expenses must have been paid or incurred in connection with starting work at a new job location. Https taxes hrblock com hrblock login updatepassword hrbx See Publication 521 for a complete discussion of the deduction for moving expenses and information about moves within the United States. Https taxes hrblock com hrblock login updatepassword hrbx Foreign moves. Https taxes hrblock com hrblock login updatepassword hrbx   A foreign move is a move in connection with the start of work at a new job location outside the United States and its possessions. Https taxes hrblock com hrblock login updatepassword hrbx A foreign move does not include a move back to the United States or its possessions. Https taxes hrblock com hrblock login updatepassword hrbx Allocation of Moving Expenses When your new place of work is in a foreign country, your moving expenses are directly connected with the income earned in that foreign country. Https taxes hrblock com hrblock login updatepassword hrbx If you exclude all or part of the income that you earn at the new location under the foreign earned income exclusion or the foreign housing exclusion, you cannot deduct the part of your moving expense that is allocable to the excluded income. Https taxes hrblock com hrblock login updatepassword hrbx Also, you cannot deduct the part of the moving expense related to the excluded income for a move from a foreign country to the United States if you receive a reimbursement that you are able to treat as compensation for services performed in the foreign country. Https taxes hrblock com hrblock login updatepassword hrbx Year to which expense is connected. Https taxes hrblock com hrblock login updatepassword hrbx   The moving expense is connected with earning the income (including reimbursements, as discussed in chapter 4 under Reimbursement of moving expenses ) either entirely in the year of the move or in 2 years. Https taxes hrblock com hrblock login updatepassword hrbx It is connected with earning the income entirely in the year of the move if you qualify for the foreign earned income exclusion under the bona fide residence test or physical presence test for at least 120 days during that tax year. Https taxes hrblock com hrblock login updatepassword hrbx   If you do not qualify under either the bona fide residence test or the physical presence test for at least 120 days during the year of the move, the expense is connected with earning the income in 2 years. Https taxes hrblock com hrblock login updatepassword hrbx The moving expense is connected with the year of the move and the following year if the move is from the United States to a foreign country. Https taxes hrblock com hrblock login updatepassword hrbx The moving expense is connected with the year of the move and the preceding year if the move is from a foreign country to the United States. Https taxes hrblock com hrblock login updatepassword hrbx Amount allocable to excluded income. Https taxes hrblock com hrblock login updatepassword hrbx   To figure the amount of your moving expense that is allocable to your excluded foreign earned income (and not deductible), you must multiply your total moving expense deduction by a fraction. Https taxes hrblock com hrblock login updatepassword hrbx The numerator (top number) of the fraction is the total of your excluded foreign earned income and housing amounts for both years and the denominator (bottom number) of the fraction is your total foreign earned income for both years. Https taxes hrblock com hrblock login updatepassword hrbx Example. Https taxes hrblock com hrblock login updatepassword hrbx On November 1, 2012, you transfer to Monaco. Https taxes hrblock com hrblock login updatepassword hrbx Your tax home is in Monaco, and you are a bona fide resident of Monaco for the entire tax year 2013. Https taxes hrblock com hrblock login updatepassword hrbx In 2012, you paid $6,000 for allowable moving expenses for your move from the United States to Monaco. Https taxes hrblock com hrblock login updatepassword hrbx You were fully reimbursed (under a nonaccountable plan) for these expenses in the same year. Https taxes hrblock com hrblock login updatepassword hrbx The reimbursement is included in your income. Https taxes hrblock com hrblock login updatepassword hrbx Your only other income consists of $16,000 wages earned in 2012 after the date of your move, and $100,100 wages earned in Monaco for 2013. Https taxes hrblock com hrblock login updatepassword hrbx Because you did not meet the bona fide residence test for at least 120 days during 2012, the year of the move, the moving expenses are for services you performed in both 2012 and the following year, 2013. Https taxes hrblock com hrblock login updatepassword hrbx Your total foreign earned income for both years is $122,100, consisting of $16,000 wages for 2012, $100,100 wages for 2013, and $6,000 moving expense reimbursement for both years. Https taxes hrblock com hrblock login updatepassword hrbx You have no housing exclusion. Https taxes hrblock com hrblock login updatepassword hrbx The total amount you can exclude is $113,190, consisting of the $97,600 full-year exclusion for 2013 and a $15,590 part-year exclusion for 2012 ($95,100 times the fraction of 60 qualifying bona fide residence days over 366 total days in the year). Https taxes hrblock com hrblock login updatepassword hrbx To find the part of your moving expenses that is not deductible, multiply your $6,000 total expenses by the fraction $113,190 over $122,100. Https taxes hrblock com hrblock login updatepassword hrbx The result, $5,562, is your nondeductible amount. Https taxes hrblock com hrblock login updatepassword hrbx    You must report the full amount of the moving expense reimbursement in the year in which you received the reimbursement. Https taxes hrblock com hrblock login updatepassword hrbx In the preceding example, this year was 2012. Https taxes hrblock com hrblock login updatepassword hrbx You attribute the reimbursement to both 2012 and 2013 only to figure the amount of foreign earned income eligible for exclusion for each year. Https taxes hrblock com hrblock login updatepassword hrbx Move between foreign countries. Https taxes hrblock com hrblock login updatepassword hrbx   If you move between foreign countries, your moving expense is allocable to income earned in the year of the move if you qualified under either the bona fide residence test or the physical presence test for a period that includes at least 120 days in the year of the move. Https taxes hrblock com hrblock login updatepassword hrbx New place of work in U. Https taxes hrblock com hrblock login updatepassword hrbx S. Https taxes hrblock com hrblock login updatepassword hrbx   If your new place of work is in the United States, the deductible moving expenses are directly connected with the income earned in the United States. Https taxes hrblock com hrblock login updatepassword hrbx If you treat a reimbursement from your employer as foreign earned income (see the discussion in chapter 4), you must allocate deductible moving expenses to foreign earned income. Https taxes hrblock com hrblock login updatepassword hrbx Storage expenses. Https taxes hrblock com hrblock login updatepassword hrbx   These expenses are attributable to work you do during the year in which you incur the storage expenses. Https taxes hrblock com hrblock login updatepassword hrbx You cannot deduct the amount allocable to excluded income. Https taxes hrblock com hrblock login updatepassword hrbx Moving Expense Attributable to Foreign Earnings in 2 Years If your moving expense deduction is attributable to your foreign earnings in 2 years (the year of the move and the following year), you should request an extension of time to file your return for the year of the move until after the end of the second year. Https taxes hrblock com hrblock login updatepassword hrbx By then, you should have all the information needed to properly figure the moving expense deduction. Https taxes hrblock com hrblock login updatepassword hrbx See Extensions under When To File and Pay in chapter 1. Https taxes hrblock com hrblock login updatepassword hrbx If you do not request an extension, you should figure the part of the moving expense that you cannot deduct because it is allocable to the foreign earned income you are excluding. Https taxes hrblock com hrblock login updatepassword hrbx You do this by multiplying the moving expense by a fraction, the numerator (top number) of which is your excluded foreign earned income for the year of the move, and the denominator (bottom number) of which is your total foreign earned income for the year of the move. Https taxes hrblock com hrblock login updatepassword hrbx Once you know your foreign earnings and exclusion for the following year, you must either: Adjust the moving expense deduction by filing an amended return for the year of the move, or Recapture any additional unallowable amount as income on your return for the following year. Https taxes hrblock com hrblock login updatepassword hrbx If, after you make the final computation, you have an additional amount of allowable moving expense deduction, you can claim this only on an amended return for the year of the move. Https taxes hrblock com hrblock login updatepassword hrbx You cannot claim it on the return for the second year. Https taxes hrblock com hrblock login updatepassword hrbx Forms To File Report your moving expenses on Form 3903. Https taxes hrblock com hrblock login updatepassword hrbx Report your moving expense deduction on line 26 of Form 1040. Https taxes hrblock com hrblock login updatepassword hrbx If you must reduce your moving expenses by the amount allocable to excluded income (as explained later under How To Report Deductions ), attach a statement to your return showing how you figured this amount. Https taxes hrblock com hrblock login updatepassword hrbx For more information about figuring moving expenses, see Publication 521. Https taxes hrblock com hrblock login updatepassword hrbx Contributions to Individual Retirement Arrangements Contributions to your individual retirement arrangements (IRAs) that are traditional IRAs or Roth IRAs are generally limited to the lesser of $5,500 ($6,500 if 50 or older) or your compensation that is includible in your gross income for the tax year. Https taxes hrblock com hrblock login updatepassword hrbx In determining compensation for this purpose, do not take into account amounts you exclude under either the foreign earned income exclusion or the foreign housing exclusion. Https taxes hrblock com hrblock login updatepassword hrbx Do not reduce your compensation by the foreign housing deduction. Https taxes hrblock com hrblock login updatepassword hrbx If you are covered by an employer retirement plan at work, your deduction for your contributions to your traditional IRAs is generally limited based on your modified adjusted gross income. Https taxes hrblock com hrblock login updatepassword hrbx This is your adjusted gross income figured without taking into account the foreign earned income exclusion, the foreign housing exclusion, or the foreign housing deduction. Https taxes hrblock com hrblock login updatepassword hrbx Other modifications are also required. Https taxes hrblock com hrblock login updatepassword hrbx For more information on IRAs, see Publication 590. Https taxes hrblock com hrblock login updatepassword hrbx Taxes of Foreign Countries and U. Https taxes hrblock com hrblock login updatepassword hrbx S. Https taxes hrblock com hrblock login updatepassword hrbx Possessions You can take either a credit or a deduction for income taxes paid to a foreign country or a U. Https taxes hrblock com hrblock login updatepassword hrbx S. Https taxes hrblock com hrblock login updatepassword hrbx possession. Https taxes hrblock com hrblock login updatepassword hrbx Taken as a deduction, foreign income taxes reduce your taxable income. Https taxes hrblock com hrblock login updatepassword hrbx Taken as a credit, foreign income taxes reduce your tax liability. Https taxes hrblock com hrblock login updatepassword hrbx You must treat all foreign income taxes the same way. Https taxes hrblock com hrblock login updatepassword hrbx If you take a credit for any foreign income taxes, you cannot deduct any foreign income taxes. Https taxes hrblock com hrblock login updatepassword hrbx However, you may be able to deduct other foreign taxes. Https taxes hrblock com hrblock login updatepassword hrbx See Deduction for Other Foreign Taxes, later. Https taxes hrblock com hrblock login updatepassword hrbx There is no rule to determine whether it is to your advantage to take a deduction or a credit for foreign income taxes. Https taxes hrblock com hrblock login updatepassword hrbx In most cases, it is to your advantage to take foreign income taxes as a tax credit, which you subtract directly from your U. Https taxes hrblock com hrblock login updatepassword hrbx S. Https taxes hrblock com hrblock login updatepassword hrbx tax liability, rather than as a deduction in figuring taxable income. Https taxes hrblock com hrblock login updatepassword hrbx However, if foreign income taxes were imposed at a high rate and the proportion of foreign income to U. Https taxes hrblock com hrblock login updatepassword hrbx S. Https taxes hrblock com hrblock login updatepassword hrbx income is small, a lower final tax may result from deducting the foreign income taxes. Https taxes hrblock com hrblock login updatepassword hrbx In any event, you should figure your tax liability both ways and then use the one that is better for you. Https taxes hrblock com hrblock login updatepassword hrbx You can make or change your choice within 10 years from the due date for filing the tax return on which you are entitled to take either the deduction or the credit. Https taxes hrblock com hrblock login updatepassword hrbx Foreign income taxes. Https taxes hrblock com hrblock login updatepassword hrbx   These are generally income taxes you pay to any foreign country or possession of the United States. Https taxes hrblock com hrblock login updatepassword hrbx Foreign income taxes on U. Https taxes hrblock com hrblock login updatepassword hrbx S. Https taxes hrblock com hrblock login updatepassword hrbx return. Https taxes hrblock com hrblock login updatepassword hrbx   Foreign income taxes can only be taken as a credit on Form 1040, line 47, or as an itemized deduction on Schedule A. Https taxes hrblock com hrblock login updatepassword hrbx These amounts cannot be included as withheld income taxes on Form 1040, line 62. Https taxes hrblock com hrblock login updatepassword hrbx Foreign taxes paid on excluded income. Https taxes hrblock com hrblock login updatepassword hrbx   You cannot take a credit or deduction for foreign income taxes paid on earnings you exclude from tax under any of the following. Https taxes hrblock com hrblock login updatepassword hrbx Foreign earned income exclusion. Https taxes hrblock com hrblock login updatepassword hrbx Foreign housing exclusion. Https taxes hrblock com hrblock login updatepassword hrbx Possession exclusion. Https taxes hrblock com hrblock login updatepassword hrbx If your wages are completely excluded, you cannot deduct or take a credit for any of the foreign taxes paid on your wages. Https taxes hrblock com hrblock login updatepassword hrbx   If only part of your wages is excluded, you cannot deduct or take a credit for the foreign income taxes allocable to the excluded part. Https taxes hrblock com hrblock login updatepassword hrbx You find the taxes allocable to your excluded wages by applying a fraction to the foreign taxes paid on foreign earned income received during the tax year. Https taxes hrblock com hrblock login updatepassword hrbx The numerator (top number) of the fraction is your excluded foreign earned income received during the tax year minus deductible expenses allocable to that income (not including the foreign housing deduction). Https taxes hrblock com hrblock login updatepassword hrbx The denominator (bottom number) of the fraction is your total foreign earned income received during the tax year minus all deductible expenses allocable to that income (including the foreign housing deduction). Https taxes hrblock com hrblock login updatepassword hrbx   If foreign law taxes both earned income and some other type of income and the taxes on the other type cannot be separated, the denominator of the fraction is the total amount of income subject to foreign tax minus deductible expenses allocable to that income. Https taxes hrblock com hrblock login updatepassword hrbx    If you take a foreign tax credit for tax on income you could have excluded under your choice to exclude foreign earned income or your choice to exclude foreign housing costs, one or both of the choices may be considered revoked. Https taxes hrblock com hrblock login updatepassword hrbx Credit for Foreign Income Taxes If you take the foreign tax credit, you may have to file Form 1116 with Form 1040. Https taxes hrblock com hrblock login updatepassword hrbx Form 1116 is used to figure the amount of foreign tax paid or accrued that can be claimed as a foreign tax credit. Https taxes hrblock com hrblock login updatepassword hrbx Do not include the amount of foreign tax paid or accrued as withheld federal income taxes on Form 1040, line 62. Https taxes hrblock com hrblock login updatepassword hrbx The foreign income tax for which you can claim a credit is the amount of legal and actual tax liability you pay or accrue during the year. Https taxes hrblock com hrblock login updatepassword hrbx The amount for which you can claim a credit is not necessarily the amount withheld by the foreign country. Https taxes hrblock com hrblock login updatepassword hrbx You cannot take a foreign tax credit for income tax you paid to a foreign country that would be refunded by the foreign country if you made a claim for refund. Https taxes hrblock com hrblock login updatepassword hrbx Subsidies. Https taxes hrblock com hrblock login updatepassword hrbx   If a foreign country returns your foreign tax payments to you in the form of a subsidy, you cannot claim a foreign tax credit based on these payments. Https taxes hrblock com hrblock login updatepassword hrbx This rule applies to a subsidy provided by any means that is determined, directly or indirectly, by reference to the amount of tax, or to the base used to figure the tax. Https taxes hrblock com hrblock login updatepassword hrbx   Some ways of providing a subsidy are refunds, credits, deductions, payments, or discharges of obligations. Https taxes hrblock com hrblock login updatepassword hrbx A credit is also not allowed if the subsidy is given to a person related to you, or persons who participated in a transaction or a related transaction with you. Https taxes hrblock com hrblock login updatepassword hrbx Limit The foreign tax credit is limited to the part of your total U. Https taxes hrblock com hrblock login updatepassword hrbx S. Https taxes hrblock com hrblock login updatepassword hrbx tax that is in proportion to your taxable income from sources outside the United States compared to your total taxable income. Https taxes hrblock com hrblock login updatepassword hrbx The allowable foreign tax credit cannot be more than your actual foreign tax liability. Https taxes hrblock com hrblock login updatepassword hrbx Exemption from limit. Https taxes hrblock com hrblock login updatepassword hrbx   You will not be subject to this limit and will not have to file Form 1116 if you meet all three of the following requirements. Https taxes hrblock com hrblock login updatepassword hrbx Your only foreign source income for the year is passive income (dividends, interest, royalties, etc. Https taxes hrblock com hrblock login updatepassword hrbx ) that is reported to you on a payee statement (such as a Form 1099-DIV or 1099-INT). Https taxes hrblock com hrblock login updatepassword hrbx Your foreign taxes for the year that qualify for the credit are not more than $300 ($600 if you are filing a joint return) and are reported on a payee statement. Https taxes hrblock com hrblock login updatepassword hrbx You elect this procedure. Https taxes hrblock com hrblock login updatepassword hrbx If you make this election, you cannot carry back or carry over any unused foreign tax to or from this year. Https taxes hrblock com hrblock login updatepassword hrbx Separate limit. Https taxes hrblock com hrblock login updatepassword hrbx   You must figure the limit on a separate basis with regard to “passive category income” and “general category income” (see the instructions for Form 1116). Https taxes hrblock com hrblock login updatepassword hrbx Figuring the limit. Https taxes hrblock com hrblock login updatepassword hrbx   In figuring taxable income in each category, you take into account only the amount that you must include in income on your federal tax return. Https taxes hrblock com hrblock login updatepassword hrbx Do not take any excluded amount into account. Https taxes hrblock com hrblock login updatepassword hrbx   To determine your taxable income in each category, deduct expenses and losses that are definitely related to that income. Https taxes hrblock com hrblock login updatepassword hrbx   Other expenses (such as itemized deductions or the standard deduction) not definitely related to specific items of income must be apportioned to the foreign income in each category by multiplying them by a fraction. Https taxes hrblock com hrblock login updatepassword hrbx The numerator (top number) of the fraction is your gross foreign income in the separate limit category. Https taxes hrblock com hrblock login updatepassword hrbx The denominator (bottom number) of the fraction is your gross income from all sources. Https taxes hrblock com hrblock login updatepassword hrbx For this purpose, gross income includes income that is excluded under the foreign earned income provisions but does not include any other exempt income. Https taxes hrblock com hrblock login updatepassword hrbx You must use special rules for deducting interest expenses. Https taxes hrblock com hrblock login updatepassword hrbx For more information on allocating and apportioning your deductions, see Publication 514. Https taxes hrblock com hrblock login updatepassword hrbx Exemptions. Https taxes hrblock com hrblock login updatepassword hrbx   Do not take the deduction for exemptions for yourself, your spouse, or your dependents in figuring taxable income for purposes of the limit. Https taxes hrblock com hrblock login updatepassword hrbx Recapture of foreign losses. Https taxes hrblock com hrblock login updatepassword hrbx   If you have an overall foreign loss and the loss reduces your U. Https taxes hrblock com hrblock login updatepassword hrbx S. Https taxes hrblock com hrblock login updatepassword hrbx source income (resulting in a reduction of your U. Https taxes hrblock com hrblock login updatepassword hrbx S. Https taxes hrblock com hrblock login updatepassword hrbx tax liability), you must recapture the loss in later years when you have taxable income from foreign sources. Https taxes hrblock com hrblock login updatepassword hrbx This is done by treating a part of your taxable income from foreign sources in later years as U. Https taxes hrblock com hrblock login updatepassword hrbx S. Https taxes hrblock com hrblock login updatepassword hrbx source income. Https taxes hrblock com hrblock login updatepassword hrbx This reduces the numerator of the limiting fraction and the resulting foreign tax credit limit. Https taxes hrblock com hrblock login updatepassword hrbx Recapture of domestic losses. Https taxes hrblock com hrblock login updatepassword hrbx   If you have an overall domestic loss (resulting in no U. Https taxes hrblock com hrblock login updatepassword hrbx S. Https taxes hrblock com hrblock login updatepassword hrbx tax liability), you cannot claim a foreign tax credit for taxes paid during that year. Https taxes hrblock com hrblock login updatepassword hrbx You must recapture the loss in later years when you have U. Https taxes hrblock com hrblock login updatepassword hrbx S. Https taxes hrblock com hrblock login updatepassword hrbx source taxable income. Https taxes hrblock com hrblock login updatepassword hrbx This is done by treating a part of your taxable income from U. Https taxes hrblock com hrblock login updatepassword hrbx S. Https taxes hrblock com hrblock login updatepassword hrbx sources in later years as foreign source income. Https taxes hrblock com hrblock login updatepassword hrbx This increases the numerator of the limiting fraction and the resulting foreign tax credit limit. Https taxes hrblock com hrblock login updatepassword hrbx Foreign tax credit carryback and carryover. Https taxes hrblock com hrblock login updatepassword hrbx   The amount of foreign income tax not allowed as a credit because of the limit can be carried back 1 year and carried forward 10 years. Https taxes hrblock com hrblock login updatepassword hrbx   More information on figuring the foreign tax credit can be found in Publication 514. Https taxes hrblock com hrblock login updatepassword hrbx Deduction for Foreign Income Taxes Instead of taking the foreign tax credit, you can deduct foreign income taxes as an itemized deduction on Schedule A (Form 1040). Https taxes hrblock com hrblock login updatepassword hrbx You can deduct only foreign income taxes paid on income that is subject to U. Https taxes hrblock com hrblock login updatepassword hrbx S. Https taxes hrblock com hrblock login updatepassword hrbx tax. Https taxes hrblock com hrblock login updatepassword hrbx You cannot deduct foreign taxes paid on earnings you exclude from tax under any of the following. Https taxes hrblock com hrblock login updatepassword hrbx Foreign earned income exclusion. Https taxes hrblock com hrblock login updatepassword hrbx Foreign housing exclusion. Https taxes hrblock com hrblock login updatepassword hrbx Possession exclusion. Https taxes hrblock com hrblock login updatepassword hrbx Example. Https taxes hrblock com hrblock login updatepassword hrbx You are a U. Https taxes hrblock com hrblock login updatepassword hrbx S. Https taxes hrblock com hrblock login updatepassword hrbx citizen and qualify to exclude your foreign earned income. Https taxes hrblock com hrblock login updatepassword hrbx Your excluded wages in Country X are $70,000 on which you paid income tax of $10,000. Https taxes hrblock com hrblock login updatepassword hrbx You received dividends from Country X of $2,000 on which you paid income tax of $600. Https taxes hrblock com hrblock login updatepassword hrbx You can deduct the $600 tax payment because the dividends relating to it are subject to U. Https taxes hrblock com hrblock login updatepassword hrbx S. Https taxes hrblock com hrblock login updatepassword hrbx tax. Https taxes hrblock com hrblock login updatepassword hrbx Because you exclude your wages, you cannot deduct the income tax of $10,000. Https taxes hrblock com hrblock login updatepassword hrbx If you exclude only a part of your wages, see the earlier discussion under Foreign taxes paid on excluded income. Https taxes hrblock com hrblock login updatepassword hrbx Deduction for Other Foreign Taxes You can deduct real property taxes you pay that are imposed on you by a foreign country. Https taxes hrblock com hrblock login updatepassword hrbx You take this deduction on Schedule A (Form 1040). Https taxes hrblock com hrblock login updatepassword hrbx You cannot deduct other foreign taxes, such as personal property taxes, unless you incurred the expenses in a trade or business or in the production of income. Https taxes hrblock com hrblock login updatepassword hrbx On the other hand, you generally can deduct personal property taxes when you pay them to U. Https taxes hrblock com hrblock login updatepassword hrbx S. Https taxes hrblock com hrblock login updatepassword hrbx possessions. Https taxes hrblock com hrblock login updatepassword hrbx But if you claim the possession exclusion, see Publication 570. Https taxes hrblock com hrblock login updatepassword hrbx The deduction for foreign taxes other than foreign income taxes is not related to the foreign tax credit. Https taxes hrblock com hrblock login updatepassword hrbx You can take deductions for these miscellaneous foreign taxes and also claim the foreign tax credit for income taxes imposed by a foreign country. Https taxes hrblock com hrblock login updatepassword hrbx How To Report Deductions If you exclude foreign earned income or housing amounts, how you show your deductions on your tax return and how you figure the amount allocable to your excluded income depends on whether the expenses are used in figuring adjusted gross income (Form 1040, line 38) or are itemized deductions. Https taxes hrblock com hrblock login updatepassword hrbx If you have deductions used in figuring adjusted gross income, enter the total amount for each of these items on the appropriate lines and schedules of Form 1040. Https taxes hrblock com hrblock login updatepassword hrbx Generally, you figure the amount of a deduction related to the excluded income by multiplying the deduction by a fraction, the numerator of which is your foreign earned income exclusion and the denominator of which is your foreign earned income. Https taxes hrblock com hrblock login updatepassword hrbx Enter the amount of the deduction(s) related to excluded income on line 44 of Form 2555. Https taxes hrblock com hrblock login updatepassword hrbx If you have itemized deductions related to excluded income, enter on Schedule A (Form 1040) only the part not related to excluded income. Https taxes hrblock com hrblock login updatepassword hrbx You figure that amount by subtracting from the total deduction the amount related to excluded income. Https taxes hrblock com hrblock login updatepassword hrbx Generally, you figure the amount that is related to the excluded income by multiplying the total deduction by a fraction, the numerator of which is your foreign earned income exclusion and the denominator of which is your foreign earned income. Https taxes hrblock com hrblock login updatepassword hrbx Attach a statement to your return showing how you figured the deductible amount. Https taxes hrblock com hrblock login updatepassword hrbx Example 1. Https taxes hrblock com hrblock login updatepassword hrbx You are a U. Https taxes hrblock com hrblock login updatepassword hrbx S. Https taxes hrblock com hrblock login updatepassword hrbx citizen employed as an accountant. Https taxes hrblock com hrblock login updatepassword hrbx Your tax home is in Germany for the entire tax year. Https taxes hrblock com hrblock login updatepassword hrbx You meet the physical presence test. Https taxes hrblock com hrblock login updatepassword hrbx Your foreign earned income for the year was $122,000 and your investment income was $10,380. Https taxes hrblock com hrblock login updatepassword hrbx After excluding $97,600, your AGI is $34,780. Https taxes hrblock com hrblock login updatepassword hrbx You had unreimbursed business expenses of $2,500 for travel and entertainment in earning your foreign income, of which $500 was for meals and entertainment. Https taxes hrblock com hrblock login updatepassword hrbx These expenses are deductible only as miscellaneous deductions on Schedule A (Form 1040). Https taxes hrblock com hrblock login updatepassword hrbx You also have $500 of miscellaneous expenses that are not related to your foreign income that you enter on line 23 of Schedule A. Https taxes hrblock com hrblock login updatepassword hrbx You must fill out Form 2106. Https taxes hrblock com hrblock login updatepassword hrbx On that form, reduce your deductible meal and entertainment expenses by 50% ($250). Https taxes hrblock com hrblock login updatepassword hrbx You must reduce the remaining $2,250 of travel and entertainment expenses by 80% ($1,800) because you excluded 80% ($97,600/$122,000) of your foreign earned income. Https taxes hrblock com hrblock login updatepassword hrbx You carry the remaining total of $450 to line 21 of Schedule A. Https taxes hrblock com hrblock login updatepassword hrbx Add the $450 to the $500 that you have on line 23 and enter the total ($950) on line 24. Https taxes hrblock com hrblock login updatepassword hrbx On line 26 of Schedule A, enter $696, which is 2% of your adjusted gross income of $34,780 (line 38, Form 1040) and subtract it from the amount on line 24. Https taxes hrblock com hrblock login updatepassword hrbx Enter $254 on line 27 of Schedule A. Https taxes hrblock com hrblock login updatepassword hrbx Example 2. Https taxes hrblock com hrblock login updatepassword hrbx You are a U. Https taxes hrblock com hrblock login updatepassword hrbx S. Https taxes hrblock com hrblock login updatepassword hrbx citizen, have a tax home in Spain, and meet the physical presence test. Https taxes hrblock com hrblock login updatepassword hrbx You are self-employed and personal services produce the business income. Https taxes hrblock com hrblock login updatepassword hrbx Your gross income was $116,931, business expenses $66,895, and net income (profit) $50,036. Https taxes hrblock com hrblock login updatepassword hrbx You choose the foreign earned income exclusion and exclude $97,600 of your gross income. Https taxes hrblock com hrblock login updatepassword hrbx Since your excluded income is 83. Https taxes hrblock com hrblock login updatepassword hrbx 47% of your total income, 83. Https taxes hrblock com hrblock login updatepassword hrbx 47% of your business expenses are not deductible. Https taxes hrblock com hrblock login updatepassword hrbx Report your total income and expenses on Schedule C (Form 1040). Https taxes hrblock com hrblock login updatepassword hrbx On Form 2555 you will show the following: Line 20a, $116,931, gross income, Lines 42 and 43, $97,600, foreign earned income exclusion, and Line 44, $55,837 (83. Https taxes hrblock com hrblock login updatepassword hrbx 47% × $66,895) business expenses attributable to the exclusion. Https taxes hrblock com hrblock login updatepassword hrbx In this situation (Example 2), you cannot use Form 2555-EZ since you had self-employment income and business expenses. Https taxes hrblock com hrblock login updatepassword hrbx Example 3. Https taxes hrblock com hrblock login updatepassword hrbx Assume in Example 2 that both capital and personal services combine to produce the business income. Https taxes hrblock com hrblock login updatepassword hrbx No more than 30% of your net income, or $15,011, assuming that this amount is a reasonable allowance for your services, is considered earned and can be excluded. Https taxes hrblock com hrblock login updatepassword hrbx Your exclusion of $15,011 is 12. Https taxes hrblock com hrblock login updatepassword hrbx 84% of your gross income ($15,011 ÷ $116,931). Https taxes hrblock com hrblock login updatepassword hrbx Because you excluded 12. Https taxes hrblock com hrblock login updatepassword hrbx 84% of your total income, $8,589 (. Https taxes hrblock com hrblock login updatepassword hrbx 1284 x $66,895) of your business expenses is attributable to the excluded income and is not deductible. Https taxes hrblock com hrblock login updatepassword hrbx Example 4. Https taxes hrblock com hrblock login updatepassword hrbx You are a U. Https taxes hrblock com hrblock login updatepassword hrbx S. Https taxes hrblock com hrblock login updatepassword hrbx citizen, have a tax home in Brazil, and meet the physical presence test. Https taxes hrblock com hrblock login updatepassword hrbx You are self-employed and both capital and personal services combine to produce business income. Https taxes hrblock com hrblock login updatepassword hrbx Your gross income was $146,000, business expenses were $172,000, and your net loss was $26,000. Https taxes hrblock com hrblock login updatepassword hrbx A reasonable allowance for the services you performed for the business is $77,000. Https taxes hrblock com hrblock login updatepassword hrbx Because you incurred a net loss, the earned income limit of 30% of your net profit does not apply. Https taxes hrblock com hrblock login updatepassword hrbx The $77,000 is foreign earned income. Https taxes hrblock com hrblock login updatepassword hrbx If you choose to exclude the $77,000, you exclude 52. Https taxes hrblock com hrblock login updatepassword hrbx 74% of your gross income ($77,000 ÷ $146,000), and 52. Https taxes hrblock com hrblock login updatepassword hrbx 74% of your business expenses ($90,713) is attributable to that income and is not deductible. Https taxes hrblock com hrblock login updatepassword hrbx Show your total income and expenses on Schedule C (Form 1040). Https taxes hrblock com hrblock login updatepassword hrbx On Form 2555, exclude $77,000 and show $90,713 on line 44. Https taxes hrblock com hrblock login updatepassword hrbx Subtract line 44 from line 43, and enter the difference as a negative (in parentheses) on line 45. Https taxes hrblock com hrblock login updatepassword hrbx Because this amount is negative, enter it as a positive (no parentheses) on line 21, Form 1040, and combine it with your other income to arrive at total income on line 22 of Form 1040. Https taxes hrblock com hrblock login updatepassword hrbx In this situation (Example 4), you would probably not want to choose the foreign earned income exclusion if this was the first year you were eligible. Https taxes hrblock com hrblock login updatepassword hrbx If you had chosen the exclusion in an earlier year, you might want to revoke the choice for this year. Https taxes hrblock com hrblock login updatepassword hrbx To do so would mean that you could not claim the exclusion again for the next 5 tax years without IRS approval. Https taxes hrblock com hrblock login updatepassword hrbx See Choosing the Exclusion in chapter 4. Https taxes hrblock com hrblock login updatepassword hrbx Example 5. Https taxes hrblock com hrblock login updatepassword hrbx You are a U. Https taxes hrblock com hrblock login updatepassword hrbx S. Https taxes hrblock com hrblock login updatepassword hrbx citizen, have a tax home in Panama, and meet the bona fide residence test. Https taxes hrblock com hrblock login updatepassword hrbx You have been performing services for clients as a partner in a firm that provides services exclusively in Panama. Https taxes hrblock com hrblock login updatepassword hrbx Capital investment is not material in producing the partnership's income. Https taxes hrblock com hrblock login updatepassword hrbx Under the terms of the partnership agreement, you are to receive 50% of the net profits. Https taxes hrblock com hrblock login updatepassword hrbx The partnership received gross income of $244,000 and incurred operating expenses of $98,250. Https taxes hrblock com hrblock login updatepassword hrbx Of the net profits of $145,750, you received $72,875 as your distributive share. Https taxes hrblock com hrblock login updatepassword hrbx You choose to exclude $97,600 of your share of the gross income. Https taxes hrblock com hrblock login updatepassword hrbx Because you exclude 80% ($97,600 ÷ $122,000) of your share of the gross income, you cannot deduct $39,300, 80% of your share of the operating expenses (. Https taxes hrblock com hrblock login updatepassword hrbx 80 × $49,125). Https taxes hrblock com hrblock login updatepassword hrbx Report $72,875, your distributive share of the partnership net profit, on Schedule E (Form 1040), Supplemental Income and Loss. Https taxes hrblock com hrblock login updatepassword hrbx On Form 2555, show $97,600 on line 42 and show $39,300 on line 44. Https taxes hrblock com hrblock login updatepassword hrbx Your exclusion on Form 2555 is $58,300. Https taxes hrblock com hrblock login updatepassword hrbx In this situation (Example 5), you cannot use Form 2555-EZ since you had earned income other than salaries and wages and you had business expenses. 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Understanding Your CP54B Notice

Your tax return shows a different name and/or ID number from the information we have for your account. Please provide more information to us in order to receive your refund.


What you need to do

  • Review your identifying information shown on this notice and compare it to your most recent social security card or taxpayer ID card.
  • Complete the CP54 response form to explain the discrepancies.
  • Include copies of documents to substantiate your name and identifying number.

You may want to

  • Contact the Social Security Administration (SSA) to update your records if any of the following occurred:
    • you recently married and are using your spouse’s last name and have not already contacted SSA,
    • you legally changed your name without contacting SSA,
    • or your social security number and/or name are different than on your  social security card.

 


Answers to Common Questions

Q. I sent you my information. When will I get my refund?

A. Once we receive your response form and verify the information you provided, you should receive your refund in 4 to 6 weeks. If you don’t hear from us after 4 to 6 weeks, call our “Where’s My Refund?” toll free line at 1-800-829-1954 to check on the status of your refund.

 


Tips for next year

Make sure you file using your name and taxpayer ID number as they appear on your social security card or taxpayer ID card.
 

Page Last Reviewed or Updated: 22-Jan-2014

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How to get help

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  • See if you qualify for help from a Low Income Taxpayer Clinic.
     

The Https Taxes Hrblock Com Hrblock Login Updatepassword Hrbx

Https taxes hrblock com hrblock login updatepassword hrbx 31. Https taxes hrblock com hrblock login updatepassword hrbx   Impuesto sobre Ingresos No Derivados del Trabajo de Determinados Hijos Table of Contents ¿Que Hay de Nuevo? Introduction Useful Items - You may want to see: Cómo Saber si se Tiene que Utilizar la Declaración del Padre o de la MadrePadres que no Presentan la Declaración Conjunta Elección de los Padres de Declarar los Intereses y Dividendos del HijoConsecuencias de Incluir los Ingresos del Hijo Cómo Calcular los Ingresos del Hijo Cómo Calcular el Impuesto Adicional Impuesto para Determinados Hijos con Ingresos No Derivados del TrabajoCómo Facilitar Información sobre los Padres (líneas A-C del Formulario 8615) Paso 1. Https taxes hrblock com hrblock login updatepassword hrbx Cómo Calcular los Ingresos Netos No Derivados del Trabajo del Hijo (Parte I del Formulario 8615) Paso 2. Https taxes hrblock com hrblock login updatepassword hrbx Cómo Calcular el Impuesto Provisional a la Tasa Impositiva de los Padres (Parte II del Formulario 8615) Paso 3. Https taxes hrblock com hrblock login updatepassword hrbx Cómo Calcular el Impuesto del Hijo (Parte III del Formulario 8615) ¿Que Hay de Nuevo? Impuesto sobre el ingreso neto de inversiones. Https taxes hrblock com hrblock login updatepassword hrbx  Para años empezando después del 31 de diciembre de 2012, el impuesto de un hijo, el cual se calcula en el Formulario 8615, puede estar sujeto al impuesto sobre el ingreso neto de inversiones (NIIT, por sus siglas en inglés). Https taxes hrblock com hrblock login updatepassword hrbx El NIIT es un impuesto de 3. Https taxes hrblock com hrblock login updatepassword hrbx 8% sobre la cantidad menor entre el ingreso neto de inversión o el exceso del ingreso bruto ajustado modificado (MAGI) del hijo que exceda del límite superior específico. Https taxes hrblock com hrblock login updatepassword hrbx Utilice el Formulario 8960, Net Investment Income Tax (Impuesto sobre ingreso neto de inversiones), en inglés, para calcular este impuesto. Https taxes hrblock com hrblock login updatepassword hrbx Para más información sobre el NIIT, visite www. Https taxes hrblock com hrblock login updatepassword hrbx irs. Https taxes hrblock com hrblock login updatepassword hrbx gov e ingrese “Net Investment Income Tax” en la casilla de búsqueda “Search” (Buscar), en inglés. Https taxes hrblock com hrblock login updatepassword hrbx Introduction Este capítulo explica los dos requisitos siguientes, los cuales podrían afectar el impuesto sobre ingresos no derivados del trabajo de determinados hijos: Si los ingresos procedentes de intereses y dividendos del hijo (incluidas las distribuciones de ganancias de capital) totalizan menos de $10,000, el padre o la madre tal vez pueda optar por incluir dichos ingresos en la declaración de uno de los padres en vez de presentar una declaración a nombre del hijo. Https taxes hrblock com hrblock login updatepassword hrbx Vea Elección de los Padres de Declarar Intereses y Dividendos del Hijo , más adelante. Https taxes hrblock com hrblock login updatepassword hrbx Si el total de intereses, dividendos y otros ingresos no derivados del trabajo del hijo sobrepasa $2,000, una parte de dichos ingresos podría estar sujeta a la misma tasa de impuesto que la de sus padres en lugar de estar sujeta a la tasa del hijo. Https taxes hrblock com hrblock login updatepassword hrbx (Vea Impuesto para Determinados Hijos con Ingresos No Derivados del Trabajo , más adelante). Https taxes hrblock com hrblock login updatepassword hrbx En lo que concierne a estos requisitos, el término “hijo” abarca a hijos legalmente adoptados e hijastros. Https taxes hrblock com hrblock login updatepassword hrbx Estos requisitos corresponden tanto si el hijo es dependiente como si no lo es. Https taxes hrblock com hrblock login updatepassword hrbx Useful Items - You may want to see: Publicación 929 Tax Rules for Children and Dependents (Requisitos tributarios para hijos y dependientes), en inglés Formulario (e Instrucciones) 8615 Tax for Certain Children Who Have Unearned Income (Impuesto para determinados hijos con ingresos no derivados del trabajo), en inglés 8814 Parents' Election To Report Child's Interest and Dividends (Elección de los padres de declarar los intereses y dividendos del hijo), en inglés Cómo Saber si se Tiene que Utilizar la Declaración del Padre o de la Madre Si los padres del hijo están casados el uno con el otro y presentan una declaración conjunta, básese en la declaración conjunta para calcular el impuesto sobre los ingresos no derivados del trabajo de dicho hijo. Https taxes hrblock com hrblock login updatepassword hrbx La tasa impositiva y otra información de dicha declaración se utiliza para calcular el impuesto del hijo según se explica más adelante bajo Impuesto para Determinados Hijos con Ingresos No Derivados del Trabajo . Https taxes hrblock com hrblock login updatepassword hrbx Padres que no Presentan la Declaración Conjunta Para los padres que no presenten la declaración conjunta, los siguientes temas aclaran, cuál declaración de impuestos de los padres tiene que utilizar para calcular el impuesto. Https taxes hrblock com hrblock login updatepassword hrbx Sólo el padre o la madre cuya declaración se utilice puede elegir la opción descrita bajo Elección de los Padres de Declarar Intereses y Dividendos del Hijo . Https taxes hrblock com hrblock login updatepassword hrbx Padres casados. Https taxes hrblock com hrblock login updatepassword hrbx   Si los padres del hijo presentan declaraciones por separado, utilice la declaración de quien tenga el mayor ingreso tributable. Https taxes hrblock com hrblock login updatepassword hrbx Padres que no viven juntos. Https taxes hrblock com hrblock login updatepassword hrbx   Si los padres del hijo están casados el uno con el otro pero no viven juntos, y el padre o la madre con quien vive el hijo (el padre o la madre con custodia) se considera no casado, utilice la declaración del padre o de la madre con custodia. Https taxes hrblock com hrblock login updatepassword hrbx Si el padre o la madre con custodia no es considerado no casado, utilice la declaración de quien tenga el mayor ingreso tributable. Https taxes hrblock com hrblock login updatepassword hrbx   Para una explicación sobre cuándo una persona casada que vive aparte de su cónyuge es considerada no casada, vea Cabeza de Familia en el capítulo 2. Https taxes hrblock com hrblock login updatepassword hrbx Padres divorciados. Https taxes hrblock com hrblock login updatepassword hrbx   Si los padres del hijo están divorciados o legalmente separados y el padre o la madre que tuvo la custodia del hijo durante la mayor parte del año (el padre o la madre con custodia) no se ha vuelto a casar, utilice la declaración del padre o de la madre con custodia. Https taxes hrblock com hrblock login updatepassword hrbx Padre o madre con custodia que se ha vuelto a casar. Https taxes hrblock com hrblock login updatepassword hrbx   Si el padre o la madre con custodia ha vuelto a casarse, el padrastro o la madrastra (en vez del padre o la madre sin custodia) se considera el otro padre o la otra madre del hijo. Https taxes hrblock com hrblock login updatepassword hrbx Por lo tanto, si el padre o la madre con custodia y el padrastro o la madrastra presentan una declaración conjunta, utilice dicha declaración conjunta. Https taxes hrblock com hrblock login updatepassword hrbx No utilice la declaración del padre o de la madre sin custodia. Https taxes hrblock com hrblock login updatepassword hrbx   Si el padre o la madre con custodia está casado con el padrastro o la madrastra pero presentan declaraciones por separado, utilice la declaración de quien tenga el mayor ingreso tributable. Https taxes hrblock com hrblock login updatepassword hrbx Si el padre o la madre con custodia está casado con el padrastro o la madrastra pero no viven juntos, corresponde el tema anterior Padres que no viven juntos . Https taxes hrblock com hrblock login updatepassword hrbx Padres que nunca se han casado. Https taxes hrblock com hrblock login updatepassword hrbx   Si los padres del hijo nunca han estado casados el uno con el otro pero vivieron juntos durante todo el año, utilice la declaración de quien tenga el mayor ingreso tributable. Https taxes hrblock com hrblock login updatepassword hrbx Si los padres no vivieron juntos durante todo el año, corresponden los requisitos explicados anteriormente bajo Padres divorciados . Https taxes hrblock com hrblock login updatepassword hrbx Padre viudo o madre viuda que se vuelve a casar. Https taxes hrblock com hrblock login updatepassword hrbx   Si un viudo o una viuda vuelve a casarse, el nuevo cónyuge se considera el otro padre o la otra madre del hijo. Https taxes hrblock com hrblock login updatepassword hrbx En este caso, corresponden los requisitos explicados anteriormente bajo Padre o madre con custodia que se ha vuelto a casar . Https taxes hrblock com hrblock login updatepassword hrbx Elección de los Padres de Declarar los Intereses y Dividendos del Hijo Tal vez pueda optar por incluir los ingresos de su hijo procedentes de intereses y dividendos (incluidas las distribuciones de ganancias de capital) en la declaración de impuestos. Https taxes hrblock com hrblock login updatepassword hrbx En tal caso, su hijo no estará obligado a presentar una declaración. Https taxes hrblock com hrblock login updatepassword hrbx Puede elegir esta opción sólo si se cumplen todas las condiciones siguientes: Su hijo tenía menos de 19 años de edad (o tenía menos de 24 años si era estudiante a tiempo completo) al finalizar el año. Https taxes hrblock com hrblock login updatepassword hrbx Su hijo recibió ingresos sólo de intereses y dividendos (incluidas las distribuciones de ganancias de capital y dividendos del Alaska Permanent Fund (Fondo Permanente de Alaska)). Https taxes hrblock com hrblock login updatepassword hrbx Los ingresos brutos del hijo eran menos de $10,000. Https taxes hrblock com hrblock login updatepassword hrbx El hijo está obligado a presentar la declaración a no ser que usted elija incluir estos ingresos. Https taxes hrblock com hrblock login updatepassword hrbx El hijo no presenta una declaración conjunta correspondiente al año actual. Https taxes hrblock com hrblock login updatepassword hrbx No se efectuó ningún pago de impuestos estimados para el año ni se aplicó a este año ningún pago del año anterior (ni de una declaración enmendada) en exceso bajo el nombre y número de Seguro Social de su hijo. Https taxes hrblock com hrblock login updatepassword hrbx No se retuvo de los ingresos de su hijo ningún impuesto federal sobre los ingresos conforme a las reglas de la retención adicional. Https taxes hrblock com hrblock login updatepassword hrbx Usted es el padre o la madre cuya declaración se tiene que utilizar al aplicar los requisitos tributarios especiales para hijos. Https taxes hrblock com hrblock login updatepassword hrbx (Vea Cómo Saber si se Tiene que Utilizar la Declaración del Padre o de la Madre , anteriormente). Https taxes hrblock com hrblock login updatepassword hrbx Estas condiciones se hallan también en la Figura 31-A. Https taxes hrblock com hrblock login updatepassword hrbx Determinados cumpleaños el 1 de enero. Https taxes hrblock com hrblock login updatepassword hrbx   Un hijo que haya nacido el 1 de enero de 1995 se considerará de 19 años de edad al final del año 2013. Https taxes hrblock com hrblock login updatepassword hrbx Usted no puede optar por declarar los intereses y dividendos de tal hijo a menos que éste fuera estudiante a tiempo completo. Https taxes hrblock com hrblock login updatepassword hrbx   Aquel hijo que haya nacido el 1 de enero de 1990 se considerará de 24 años de edad al final del año 2013. Https taxes hrblock com hrblock login updatepassword hrbx Usted no puede optar por declarar los intereses y dividendos de tal hijo. Https taxes hrblock com hrblock login updatepassword hrbx Estudiante a tiempo completo. Https taxes hrblock com hrblock login updatepassword hrbx   Un estudiante a tiempo completo es un hijo matriculado como tal durante alguna parte de cada uno de 5 meses del año calendario en una escuela o que asistió a tiempo completo a un curso de capacitación agrícola ofrecido sobre el terreno por una escuela, agencia del estado, condado o gobierno local. Https taxes hrblock com hrblock login updatepassword hrbx El término “escuela” abarca escuelas politécnicas, profesionales e industriales. Https taxes hrblock com hrblock login updatepassword hrbx Una escuela no incluye un curso de capacitación en el trabajo, escuela por correspondencia, ni escuelas que ofrecen cursos sólo por Internet. Https taxes hrblock com hrblock login updatepassword hrbx Cómo optar por incluir los ingresos de su hijo. Https taxes hrblock com hrblock login updatepassword hrbx   Elija incluir los ingresos de su hijo adjuntando el Formulario 8814 al Formulario 1040. Https taxes hrblock com hrblock login updatepassword hrbx (Si opta por hacer esto, no puede presentar el Formulario 1040A ni el Formulario 1040EZ). Https taxes hrblock com hrblock login updatepassword hrbx Adjunte un Formulario 8814 distinto correspondiente a cada hijo cuyos ingresos desee incluir. Https taxes hrblock com hrblock login updatepassword hrbx Puede incluir los ingresos de uno o más hijos y no incluir los ingresos de otros. Https taxes hrblock com hrblock login updatepassword hrbx Consecuencias de Incluir los Ingresos del Hijo El impuesto federal sobre los ingresos de su hijo podría ser mayor si opta por usar el Formulario 8814. Https taxes hrblock com hrblock login updatepassword hrbx La tasa impositiva podría ser más alta. Https taxes hrblock com hrblock login updatepassword hrbx   Si su hijo recibió dividendos calificados o distribuciones de ganancias de capital, usted podría pagar hasta $100 adicionales de impuestos si incluye los ingresos de su hijo en vez de presentar una declaración de impuestos por separado a nombre del hijo. Https taxes hrblock com hrblock login updatepassword hrbx Esto se debe a que la tasa impositiva que corresponde a los ingresos de su hijo entre $1,000 y $2,000 es de 10% si usted opta por incluirlos. Https taxes hrblock com hrblock login updatepassword hrbx No obstante, si presenta una declaración por separado en nombre del hijo, la tasa impositiva podría bajar hasta 0% (porcentaje de cero) debido a las tasas impositivas preferentes para dividendos calificados y distribuciones de ganancias de capital. Https taxes hrblock com hrblock login updatepassword hrbx Deducciones que no puede tomar. Https taxes hrblock com hrblock login updatepassword hrbx   Al hacer la elección de incluir estos ingresos en el Formulario 8814, no puede tomar ninguna de las deducciones siguientes a la que el hijo tendría derecho en su propia declaración. Https taxes hrblock com hrblock login updatepassword hrbx La deducción estándar adicional si el hijo es ciego. Https taxes hrblock com hrblock login updatepassword hrbx La deducción por una multa por el retiro prematuro de los ahorros de su hijo. Https taxes hrblock com hrblock login updatepassword hrbx Deducciones detalladas (como gastos de inversiones de su hijo o donaciones caritativas). Https taxes hrblock com hrblock login updatepassword hrbx Deducciones o créditos reducidos. Https taxes hrblock com hrblock login updatepassword hrbx   Si utiliza el Formulario 8814, su ingreso bruto ajustado aumentado podría reducir determinados créditos o deducciones en la declaración, incluyendo lo siguiente: Deducciones por aportaciones a una cuenta de ahorros tradicional para la jubilación (IRA, por sus siglas en inglés). Https taxes hrblock com hrblock login updatepassword hrbx Deducciones por intereses sobre un préstamo de estudios. Https taxes hrblock com hrblock login updatepassword hrbx Deducciones detalladas por gastos médicos, pérdidas por hecho fortuito y robo y ciertos gastos misceláneos. Https taxes hrblock com hrblock login updatepassword hrbx Crédito por gastos del cuidado de hijos y dependientes. Https taxes hrblock com hrblock login updatepassword hrbx Crédito tributario por hijos. Https taxes hrblock com hrblock login updatepassword hrbx Créditos tributarios por estudios. Https taxes hrblock com hrblock login updatepassword hrbx Crédito por ingreso del trabajo. Https taxes hrblock com hrblock login updatepassword hrbx Figura 31-A. Https taxes hrblock com hrblock login updatepassword hrbx ¿Puede Incluir Usted en su Declaración de Impuestos los Ingresos de su Hijo? Please click here for the text description of the image. Https taxes hrblock com hrblock login updatepassword hrbx Figura 31–A. Https taxes hrblock com hrblock login updatepassword hrbx ¿Puede Incluir Usted en su Declaración de Impuestos los Ingresos de su Hijo? Multa por pago insuficiente del impuesto estimado. Https taxes hrblock com hrblock login updatepassword hrbx   Si elige incluir estos ingresos para 2013 y no se le retuvo impuesto suficiente o no pagó suficiente impuesto estimado para saldar los impuestos adeudados, podría estar sujeto a una multa. Https taxes hrblock com hrblock login updatepassword hrbx Si piensa elegir lo mismo para 2014, es posible que necesite aumentar la retención de impuestos federales sobre el ingreso o los pagos de impuesto estimado para evitar la multa. Https taxes hrblock com hrblock login updatepassword hrbx Vea el capítulo 4 para más información. Https taxes hrblock com hrblock login updatepassword hrbx Cómo Calcular los Ingresos del Hijo Utilice la Parte I del Formulario 8814 para calcular los ingresos de su hijo procedentes de intereses y dividendos declarados por usted. Https taxes hrblock com hrblock login updatepassword hrbx A sus ingresos sólo se le añade la cantidad que sea superior a $2,000. Https taxes hrblock com hrblock login updatepassword hrbx La cantidad superior a $2,000 se indica en la línea 6 del Formulario 8814. Https taxes hrblock com hrblock login updatepassword hrbx A menos que los ingresos del hijo abarquen dividendos calificados o distribuciones de ganancias de capital (explicadas a continuación), la misma cantidad se indica en la línea 12 del Formulario 8814. Https taxes hrblock com hrblock login updatepassword hrbx Incluya la cantidad de la línea 12 del Formulario 8814 en la línea 21 del Formulario 1040. Https taxes hrblock com hrblock login updatepassword hrbx Anote en inglés “Form 8814” en la línea de puntos al lado de la línea 21. Https taxes hrblock com hrblock login updatepassword hrbx Si presenta más de un Formulario 8814, incluya el total de los montos de la línea 12 de todos los Formularios 8814 en la línea 21 del Formulario 1040. Https taxes hrblock com hrblock login updatepassword hrbx Distribuciones de ganancias de capital y dividendos calificados. Https taxes hrblock com hrblock login updatepassword hrbx   Si se incluye alguna distribución de ganancias de capital en los ingresos de dividendos de su hijo, vea Capital gain distributions (Distribuciones de ganancias de capital) bajo Figuring Child's Income (Cómo calcular los ingresos del hijo) en la Parte 2 de la Publicación 929, en inglés. Https taxes hrblock com hrblock login updatepassword hrbx Si se incluye algún dividendo calificado en los ingresos de dividendos de su hijo, vea Qualified dividends (Dividendos calificados) bajo Figuring Child's Income (Cómo calcular los ingresos del hijo) en la Parte 2 de la Publicación 929, en inglés. Https taxes hrblock com hrblock login updatepassword hrbx Cómo Calcular el Impuesto Adicional Utilice la Parte II del Formulario 8814 para calcular el impuesto sobre los $2,000 de los intereses y dividendos de su hijo que no incluya usted en sus ingresos. Https taxes hrblock com hrblock login updatepassword hrbx Este impuesto se suma al impuesto calculado sobre los ingresos suyos. Https taxes hrblock com hrblock login updatepassword hrbx Dicho impuesto adicional es la cantidad que sea menor entre: El 10% (multiplicado por la cantidad de los ingresos brutos de su hijo menos $1,000) o $100. Https taxes hrblock com hrblock login updatepassword hrbx Incluya el monto de la línea 15 de todos los Formularios 8814 en el total de la línea 44 del Formulario 1040. Https taxes hrblock com hrblock login updatepassword hrbx Marque el recuadro a de la línea 44 del Formulario 1040. Https taxes hrblock com hrblock login updatepassword hrbx Figura 31-B. Https taxes hrblock com hrblock login updatepassword hrbx ¿Tiene que Utilizar el Formulario 8615 para Calcular los Impuestos de su Hijo? Please click here for the text description of the image. Https taxes hrblock com hrblock login updatepassword hrbx Figura 31-B. Https taxes hrblock com hrblock login updatepassword hrbx ¿Tiene que Utilizar el Formulario 8615 para Calcular los Impuestos de su Hijo? Impuesto para Determinados Hijos con Ingresos No Derivados del Trabajo Si el total de intereses, dividendos y otros ingresos no derivados del trabajo de un hijo sobrepasa $2,000, una parte de dichos ingresos podría estar sujeta a la misma tasa impositiva que la de sus padres en lugar de estar sujeta a la tasa del hijo. Https taxes hrblock com hrblock login updatepassword hrbx Si el padre o la madre no elige, o no puede elegir, incluir los ingresos del hijo en su declaración, utilice el Formulario 8615 para calcular los impuestos del hijo. Https taxes hrblock com hrblock login updatepassword hrbx Adjunte el formulario completado al Formulario 1040 o al Formulario 1040A del hijo. Https taxes hrblock com hrblock login updatepassword hrbx Cuándo se tiene que presentar el Formulario 8615. Https taxes hrblock com hrblock login updatepassword hrbx   El Formulario 8615 tiene que presentarse para un hijo si se dan todas las siguientes condiciones: Los ingresos del hijo no derivados del trabajo eran superiores a $2,000. Https taxes hrblock com hrblock login updatepassword hrbx El hijo está obligado a presentar una declaración para 2013. Https taxes hrblock com hrblock login updatepassword hrbx Dicho hijo: Era menor de 18 años de edad al final del año, Tenía 18 años a finales del año y su ingreso del trabajo no constituía más de la mitad de su manutención o Era estudiante a tiempo completo mayor de 18 años y menor de 24 años al finalizar el año y su ingreso del trabajo no constituía más de la mitad de la manutención suya. Https taxes hrblock com hrblock login updatepassword hrbx Por lo menos uno de los padres del hijo estaba vivo al finalizar el año 2013. Https taxes hrblock com hrblock login updatepassword hrbx El hijo no presenta una declaración conjunta para 2013. Https taxes hrblock com hrblock login updatepassword hrbx Estas condiciones se hallan también en la Figura 31-B. Https taxes hrblock com hrblock login updatepassword hrbx Ingreso del trabajo. Https taxes hrblock com hrblock login updatepassword hrbx   El ingreso del trabajo incluye sueldos, salarios, propinas y otras remuneraciones recibidas por servicios personales que usted prestó. Https taxes hrblock com hrblock login updatepassword hrbx No incluye los ingresos no derivados del trabajo según se define más adelante en este capítulo. Https taxes hrblock com hrblock login updatepassword hrbx Manutención. Https taxes hrblock com hrblock login updatepassword hrbx   La manutención de su hijo incluye todas las cantidades gastadas para proveerle alimentos, alojamiento, ropa, educación, cuidado médico y dental, recreación, transporte y necesidades similares. Https taxes hrblock com hrblock login updatepassword hrbx Al calcular la manutención de su hijo, incluya aquélla proporcionada por usted, su hijo y otras personas. Https taxes hrblock com hrblock login updatepassword hrbx Sin embargo, no se considera como manutención una beca que su hijo haya recibido si éste es estudiante a tiempo completo. Https taxes hrblock com hrblock login updatepassword hrbx Vea el capítulo 3 para más detalles acerca de la manutención. Https taxes hrblock com hrblock login updatepassword hrbx Determinados cumpleaños el 1 de enero. Https taxes hrblock com hrblock login updatepassword hrbx   Utilice la siguiente tabla para saber si determinados hijos con cumpleaños en el 1 de enero cumplen la condición 3 bajo Cuándo se tiene que presentar el Formulario 8615. Https taxes hrblock com hrblock login updatepassword hrbx    SI un hijo nació. Https taxes hrblock com hrblock login updatepassword hrbx . Https taxes hrblock com hrblock login updatepassword hrbx . Https taxes hrblock com hrblock login updatepassword hrbx ENTONCES, al finalizar 2013, se considera que el hijo tiene. Https taxes hrblock com hrblock login updatepassword hrbx . Https taxes hrblock com hrblock login updatepassword hrbx . Https taxes hrblock com hrblock login updatepassword hrbx el 1 de enero de 1996 18 años* el 1 de enero de 1995 19 años** el 1 de enero de 1990 24 años*** *Este hijo no es menor de 18 años. Https taxes hrblock com hrblock login updatepassword hrbx El hijo cumple la condición 3 sólo si éste no tuvo ingresos derivados del trabajo superiores a más de la mitad de la manutención suya. Https taxes hrblock com hrblock login updatepassword hrbx  **El hijo cumple la condición 3 sólo si éste era estudiante a tiempo completo y no tuvo ingresos derivados del trabajo superiores a más de la mitad de la manutención suya. Https taxes hrblock com hrblock login updatepassword hrbx  ***No utilice el Formulario 8615 para este hijo. Https taxes hrblock com hrblock login updatepassword hrbx Cómo Facilitar Información sobre los Padres (líneas A-C del Formulario 8615) En las líneas A y B del Formulario 8615, escriba el nombre y número de Seguro Social de los padres. Https taxes hrblock com hrblock login updatepassword hrbx (Si los padres presentaron una declaración conjunta, escriba el nombre y número de Seguro Social que aparezca primero en la declaración conjunta). Https taxes hrblock com hrblock login updatepassword hrbx En la línea C, marque el recuadro correspondiente al estado civil para efectos de la declaración del padre o de la madre. Https taxes hrblock com hrblock login updatepassword hrbx Vea Cómo Saber si se Tiene que Utilizar la Declaración del Padre o de la Madre al principio de este capítulo para información sobre qué información de la declaración de los padres tiene que utilizar para llenar el Formulario 8615. Https taxes hrblock com hrblock login updatepassword hrbx Padre o madre con año tributario distinto. Https taxes hrblock com hrblock login updatepassword hrbx   Si el padre o la madre y el hijo no tienen el mismo año tributario, complete el Formulario 8615 utilizando la información de la declaración del padre o de la madre para el año tributario que finalice durante el año tributario del hijo. Https taxes hrblock com hrblock login updatepassword hrbx Si no se obtiene a tiempo la información de la declaración del padre o de la madre. Https taxes hrblock com hrblock login updatepassword hrbx   Si la información necesaria de la declaración de los padres no se obtiene para la fecha de vencimiento del plazo de entrega de la declaración del hijo (normalmente el 15 de abril), puede utilizar cálculos aproximados para presentar la declaración. Https taxes hrblock com hrblock login updatepassword hrbx   Puede utilizar cualquier cálculo aproximado razonable. Https taxes hrblock com hrblock login updatepassword hrbx Dicho cálculo puede derivarse de información de la declaración del año anterior. Https taxes hrblock com hrblock login updatepassword hrbx Si utiliza un cálculo aproximado en el Formulario 8615, anote en inglés, “Estimated” (Aproximado) en la línea junto a dicha cantidad. Https taxes hrblock com hrblock login updatepassword hrbx    Cuando obtenga la información correcta, presente una declaración enmendada utilizando el Formulario 1040X, Amended U. Https taxes hrblock com hrblock login updatepassword hrbx S. Https taxes hrblock com hrblock login updatepassword hrbx Individual Income Tax Return (Declaración enmendada de impuestos sobre el ingreso personal de los Estados Unidos), en inglés. Https taxes hrblock com hrblock login updatepassword hrbx   En vez de utilizar cálculos aproximados, quizás pueda conseguir una prórroga automática de 6 meses para presentar la declaración de impuestos si para la fecha de vencimiento del plazo de entrega de la misma, presenta el Formulario 4868(SP), Solicitud de Prórroga Automática para Presentar la Declaración del Impuesto sobre el Ingreso Personal de los Estados Unidos (o el Formulario 4868, en inglés). Https taxes hrblock com hrblock login updatepassword hrbx Las prórrogas se explican en el capítulo 1 . Https taxes hrblock com hrblock login updatepassword hrbx Paso 1. Https taxes hrblock com hrblock login updatepassword hrbx Cómo Calcular los Ingresos Netos No Derivados del Trabajo del Hijo (Parte I del Formulario 8615) Al calcular el impuesto de un hijo utilizando el Formulario 8615, el primer paso es calcular los ingresos netos no derivados del trabajo del hijo. Https taxes hrblock com hrblock login updatepassword hrbx Para hacerlo, utilice la Parte I del Formulario 8615. Https taxes hrblock com hrblock login updatepassword hrbx Línea 1 (ingresos no derivados del trabajo). Https taxes hrblock com hrblock login updatepassword hrbx   Si el hijo no recibió ingresos del trabajo, anote en esta línea los ingresos brutos ajustados indicados en la declaración del hijo. Https taxes hrblock com hrblock login updatepassword hrbx Los ingresos brutos ajustados aparecen en la línea 38 del Formulario 1040 o en la línea 22 del Formulario 1040A. Https taxes hrblock com hrblock login updatepassword hrbx No se puede utilizar el Formulario 1040EZ si se tiene que presentar el Formulario 8615. Https taxes hrblock com hrblock login updatepassword hrbx   Si el hijo sí recibió ingresos del trabajo, calcule la cantidad a anotar en la línea 1 del Formulario 8615 utilizando la hoja de trabajo de las instrucciones del formulario. Https taxes hrblock com hrblock login updatepassword hrbx   No obstante, si el hijo: ha excluido de la declaración algunos ingresos ganados en el extranjero, ha deducido alguna pérdida del trabajo por cuenta propia o ha deducido alguna pérdida neta de operación de otro año, utilice la Alternate Worksheet (Hoja de trabajo alternativa) para la línea 1 del Formulario 8615 que se encuentra en la Publicación 929, en inglés, para calcular la cantidad a anotar en la línea 1 del Formulario 8615. Https taxes hrblock com hrblock login updatepassword hrbx Definición de los ingresos no derivados del trabajo. Https taxes hrblock com hrblock login updatepassword hrbx   Los ingresos no derivados del trabajo generalmente son todos los ingresos que no sean sueldos, salarios ni otras cantidades recibidas como pago por trabajo que de hecho se haya realizado. Https taxes hrblock com hrblock login updatepassword hrbx Dichos ingresos abarcan los intereses tributables, dividendos (inclusive las distribuciones de ganancias de capital), ganancias de capital, compensación por desempleo, la parte sujeta a impuestos de pagos del Seguro Social y pensiones y determinadas distribuciones de fideicomisos. Https taxes hrblock com hrblock login updatepassword hrbx Además, los ingresos no derivados del trabajo abarcan cantidades derivadas de bienes que el hijo haya adquirido con ingresos del trabajo (como intereses sobre una cuenta de ahorros en la que el hijo haya depositado sueldos). Https taxes hrblock com hrblock login updatepassword hrbx Ingresos no sujetos a impuestos. Https taxes hrblock com hrblock login updatepassword hrbx   Para este fin, los ingresos no derivados del trabajo sólo abarcan cantidades que su hijo tenga que incluir en el total de ingresos. Https taxes hrblock com hrblock login updatepassword hrbx No se incluyen los ingresos no tributables no derivados del trabajo, tales como los intereses exentos de impuestos y la parte no tributable de pagos del Seguro Social y pensiones. Https taxes hrblock com hrblock login updatepassword hrbx Ingresos procedentes de bienes recibidos como regalo. Https taxes hrblock com hrblock login updatepassword hrbx   Los ingresos no derivados del trabajo de un hijo abarcan todo ingreso generado por bienes que pertenezcan al hijo. Https taxes hrblock com hrblock login updatepassword hrbx Esto es así aun si se le traspasaron los bienes al hijo, independientemente de cuándo se traspasaron o se compraron dichos bienes ni quién los traspasó. Https taxes hrblock com hrblock login updatepassword hrbx   Los ingresos no derivados del trabajo de un hijo incluyen ingresos generados por bienes dados al hijo como regalo. Https taxes hrblock com hrblock login updatepassword hrbx Esto incluye regalos dados al hijo por los abuelos o cualquier otra persona y regalos dados conforme a la Uniform Gift to Minors Act (Ley de Uniformidad Respecto a Regalos a Menores). Https taxes hrblock com hrblock login updatepassword hrbx Ejemplo. Https taxes hrblock com hrblock login updatepassword hrbx Amanda Naranjo, de 13 años de edad, recibió los siguientes ingresos: Dividendos — $800 Salarios — $2,100 Intereses tributables — $1,200 Intereses exentos de impuestos — $100 Ganancias netas de capital — $100 Los dividendos eran dividendos calificados sobre acciones que le habían regalado sus abuelos. Https taxes hrblock com hrblock login updatepassword hrbx Los ingresos no derivados del trabajo de Amanda son $2,100. Https taxes hrblock com hrblock login updatepassword hrbx Éste es el total de dividendos ($800), intereses tributables ($1,200) y ganancias netas de capital ($100). Https taxes hrblock com hrblock login updatepassword hrbx Su salario se considera ingreso del trabajo, y no de ingreso no derivado del trabajo porque se le paga por un trabajo que de hecho se ha realizado. Https taxes hrblock com hrblock login updatepassword hrbx No se incluyen los intereses exentos de impuestos porque éstos no están sujetos a impuestos. Https taxes hrblock com hrblock login updatepassword hrbx Ingresos provenientes de fideicomisos. Https taxes hrblock com hrblock login updatepassword hrbx   Si el hijo es beneficiario de un fideicomiso, las distribuciones de intereses, dividendos, ganancias de capital y otros ingresos no derivados del trabajo tributables procedentes de dicho fideicomiso se consideran ingresos no derivados del trabajo del hijo. Https taxes hrblock com hrblock login updatepassword hrbx   No obstante, para llenar el Formulario 8615, una distribución tributable de un fideicomiso calificado establecido para casos de incapacidad no se considera ingresos no derivados del trabajo sino ingresos del trabajo. Https taxes hrblock com hrblock login updatepassword hrbx Línea 2 (deducciones). Https taxes hrblock com hrblock login updatepassword hrbx   Si el hijo no detalla las deducciones en el Anexo A del Formulario 1040, anote $2,000 en la línea 2. Https taxes hrblock com hrblock login updatepassword hrbx   Si el hijo sí detalla las deducciones, anote en la línea 2 la cantidad mayor entre: $1,000 más la parte de las deducciones detalladas del hijo de la línea 29 del Anexo A del Formulario 1040 que esté directamente relacionada con la generación de ingresos no derivados del trabajo anotados en la línea 1 o $2,000. Https taxes hrblock com hrblock login updatepassword hrbx Relación directa entre las deducciones y la generación de ingresos no derivados del trabajo. Https taxes hrblock com hrblock login updatepassword hrbx   Se considera que las deducciones detalladas están directamente relacionadas con la generación de ingresos no derivados del trabajo si las mismas corresponden a gastos pagados para generar o cobrar ingresos sujetos a impuestos o para administrar, conservar o mantener bienes cuyo fin es generar ingresos. Https taxes hrblock com hrblock login updatepassword hrbx Esos gastos abarcan cargos por custodia y servicios, cargos por servicios de cobro de intereses y dividendos tributables y determinados cargos por asesoramiento sobre inversiones. Https taxes hrblock com hrblock login updatepassword hrbx   Estos gastos se suman a otras deducciones detalladas misceláneas en el Anexo A (Formulario 1040). Https taxes hrblock com hrblock login updatepassword hrbx Sólo se puede deducir la cantidad que sea superior al 2% de los ingresos brutos ajustados del hijo. Https taxes hrblock com hrblock login updatepassword hrbx Vea el capítulo 28 para más información. Https taxes hrblock com hrblock login updatepassword hrbx Ejemplo 1. Https taxes hrblock com hrblock login updatepassword hrbx Roberto, de 12 años de edad, tiene ingresos no derivados del trabajo de $8,000, sin otros ingresos ni ajustes a los ingresos. Https taxes hrblock com hrblock login updatepassword hrbx Tiene deducciones detalladas de $300 (netas del límite del 2%) que están directamente relacionadas con sus ingresos no derivados del trabajo. Https taxes hrblock com hrblock login updatepassword hrbx Tiene ingresos brutos ajustados de $8,000 que se anotan en la línea 38 del Formulario 1040 y en la línea 1 del Formulario 8615. Https taxes hrblock com hrblock login updatepassword hrbx En la línea 2 se anotan $2,000 porque dicha cantidad supera la suma de $1,000 más las deducciones detalladas de $300 directamente relacionadas con la generación de ingresos de inversiones. Https taxes hrblock com hrblock login updatepassword hrbx Ejemplo 2. Https taxes hrblock com hrblock login updatepassword hrbx Elena, de 8 años de edad, tiene ingresos no derivados del trabajo de $16,000 y tiene una multa de $100 por retiro prematuro. Https taxes hrblock com hrblock login updatepassword hrbx No tiene otros ingresos. Https taxes hrblock com hrblock login updatepassword hrbx Tiene deducciones detalladas de $1,050 (netas del límite del 2%) que están directamente relacionadas con la generación de sus ingresos no derivados del trabajo. Https taxes hrblock com hrblock login updatepassword hrbx Sus ingresos brutos ajustados, anotados en la línea 1, son $15,900 ($16,000 − $100). Https taxes hrblock com hrblock login updatepassword hrbx La cantidad de la línea 2 es $2,050. Https taxes hrblock com hrblock login updatepassword hrbx Ésta es la cantidad mayor de: $1,000 más los $1,050 de deducciones detalladas directamente relacionadas con la generación de ingresos de inversiones o $2,000. Https taxes hrblock com hrblock login updatepassword hrbx Línea 3. Https taxes hrblock com hrblock login updatepassword hrbx   De la línea 1 reste la línea 2 y anote el resultado en esta línea. Https taxes hrblock com hrblock login updatepassword hrbx Si es cero o menos, no llene el resto del formulario. Https taxes hrblock com hrblock login updatepassword hrbx No obstante, tiene que adjuntar el Formulario 8615 a la declaración del hijo. Https taxes hrblock com hrblock login updatepassword hrbx Calcule el impuesto sobre los ingresos tributables del hijo de manera normal. Https taxes hrblock com hrblock login updatepassword hrbx Línea 4 (ingresos tributables del hijo). Https taxes hrblock com hrblock login updatepassword hrbx   Anote en la línea 4 los ingresos tributables del hijo provenientes de la línea 43 del Formulario 1040 o de la línea 27 del Formulario 1040A. Https taxes hrblock com hrblock login updatepassword hrbx   Sin embargo, si el hijo presenta el Formulario 2555 o el Formulario 2555-EZ para declarar la exclusión de ingresos ganados en el extranjero, la exclusión por concepto de vivienda o la deducción por concepto de vivienda, vea las Instrucciones del Formulario 8615 o la Publicación 929, ambas en inglés. Https taxes hrblock com hrblock login updatepassword hrbx Línea 5 (ingresos netos no derivados del trabajo). Https taxes hrblock com hrblock login updatepassword hrbx   Los ingresos netos no derivados del trabajo del hijo no pueden sobrepasar sus ingresos tributables. Https taxes hrblock com hrblock login updatepassword hrbx Anote en la línea 5 del Formulario 8615 la cantidad de la línea 3 o la línea 4, la que sea menor. Https taxes hrblock com hrblock login updatepassword hrbx Esta cantidad corresponde a los ingresos netos no derivados del trabajo del hijo. Https taxes hrblock com hrblock login updatepassword hrbx   Si es cero o menos, no llene el resto del formulario. Https taxes hrblock com hrblock login updatepassword hrbx No obstante, tiene que adjuntar el Formulario 8615 a la declaración del hijo. Https taxes hrblock com hrblock login updatepassword hrbx Calcule el impuesto sobre los ingresos tributables del hijo de manera normal. Https taxes hrblock com hrblock login updatepassword hrbx Paso 2. Https taxes hrblock com hrblock login updatepassword hrbx Cómo Calcular el Impuesto Provisional a la Tasa Impositiva de los Padres (Parte II del Formulario 8615) El siguiente paso al llenar el Formulario 8615 es calcular un impuesto provisional sobre los ingresos netos no derivados del trabajo del hijo utilizando la tasa impositiva del padre o de la madre. Https taxes hrblock com hrblock login updatepassword hrbx El impuesto provisional a la tasa impositiva del padre o de la madre es la diferencia entre el impuesto sobre los ingresos tributables del padre o de la madre calculados con los ingresos netos no derivados del trabajo del hijo (más los ingresos netos no derivados del trabajo de cualquier otro hijo cuyo Formulario 8615 incluya la información de la declaración de impuestos del padre o de la madre) y el impuesto calculado sin dichos ingresos. Https taxes hrblock com hrblock login updatepassword hrbx Al calcular el impuesto provisional a la tasa impositiva del padre o de la madre en el Formulario 8615, no vuelva a calcular las exclusiones, deducciones ni créditos en la declaración del padre o de la madre debido a los ingresos netos no derivados del trabajo del hijo. Https taxes hrblock com hrblock login updatepassword hrbx Por ejemplo, no vuelva a calcular la deducción por gastos médicos. Https taxes hrblock com hrblock login updatepassword hrbx Calcule el impuesto provisional en las líneas 6 a 13 del Formulario 8615. Https taxes hrblock com hrblock login updatepassword hrbx Nota: Si el hijo o el padre o la madre tiene pérdidas o ganancias de capital, obtenga la Publicación 929, en inglés, para información que le será de ayuda al completar la Parte II del Formulario 8615. Https taxes hrblock com hrblock login updatepassword hrbx Línea 6 (ingresos tributables del padre o de la madre). Https taxes hrblock com hrblock login updatepassword hrbx   Anote en la línea 6 los ingresos tributables del padre o de la madre provenientes de la línea 43 del Formulario 1040, de la línea 27 del Formulario 1040A o la línea 6 del Formulario 1040EZ. Https taxes hrblock com hrblock login updatepassword hrbx   Si utilizó la Foreign Earned Income Tax Worksheet (Hoja de trabajo para el impuesto sobre los ingresos del trabajo en el extranjero) de las instrucciones del Formulario 1040 para calcular el impuesto correspondiente al padre o a la madre, anote la cantidad de la línea 3 de dicha hoja de trabajo en vez de los ingresos tributables del padre o de la madre. Https taxes hrblock com hrblock login updatepassword hrbx Línea 7 (ingresos netos no derivados del trabajo de otros hijos). Https taxes hrblock com hrblock login updatepassword hrbx   Si la información de la declaración del padre o de la madre se utiliza también en el Formulario 8615 de otro hijo, anote en la línea 7 el total de las cantidades de la línea 5 de los Formularios 8615 de todos los demás hijos. Https taxes hrblock com hrblock login updatepassword hrbx No incluya la cantidad de la línea 5 del Formulario 8615 que esté llenando. Https taxes hrblock com hrblock login updatepassword hrbx Ejemplo. Https taxes hrblock com hrblock login updatepassword hrbx Pablo y Juana del Pozo tienen tres hijos, Sandra, Geraldo y Miguel, quienes tienen que adjuntar el Formulario 8615 a sus declaraciones de impuestos respectivas. Https taxes hrblock com hrblock login updatepassword hrbx Los ingresos netos no derivados del trabajo de los hijos en la línea 5 de sus Formularios 8615 son: Sandra — $800 Geraldo — $600 Miguel — $1,000 La línea 7 del Formulario 8615 de Sandra indicará $1,600, o sea, el total de las cantidades anotadas en la línea 5 de los Formularios 8615 de Geraldo y Miguel. Https taxes hrblock com hrblock login updatepassword hrbx La línea 7 del Formulario 8615 de Geraldo indicará $1,800 ($800 + $1,000). Https taxes hrblock com hrblock login updatepassword hrbx La línea 7 del Formulario 8615 de Miguel indicará $1,400 ($800 + $600). Https taxes hrblock com hrblock login updatepassword hrbx Si no está disponible la información de los otros hijos. Https taxes hrblock com hrblock login updatepassword hrbx   Si no está disponible la cantidad de los ingresos netos no derivados del trabajo de los otros hijos antes de que venza el plazo para presentar la declaración, preséntela anotando cálculos aproximados o solicite una prórroga del plazo para presentarla. Https taxes hrblock com hrblock login updatepassword hrbx Vea Si no se obtiene a tiempo la información de la declaración del padre o de la madre , anteriormente. Https taxes hrblock com hrblock login updatepassword hrbx Línea 11 (impuesto provisional). Https taxes hrblock com hrblock login updatepassword hrbx   Reste la línea 10 de la línea 9 y anote el resultado en esta línea. Https taxes hrblock com hrblock login updatepassword hrbx Éste es el impuesto provisional. Https taxes hrblock com hrblock login updatepassword hrbx   Si la línea 7 está en blanco, ignore las líneas 12a y 12b y anote en la línea 13 la cantidad proveniente de la línea 11. Https taxes hrblock com hrblock login updatepassword hrbx Ignore asimismo el tema siguiente que trata de las líneas 12a y 12b. Https taxes hrblock com hrblock login updatepassword hrbx Líneas 12a y 12b (dividiendo el impuesto provisional). Https taxes hrblock com hrblock login updatepassword hrbx   Si anota alguna cantidad en la línea 7 (fuera de cero), divida el impuesto provisional indicado en la línea 11 entre los hijos según la participación de cada hijo en el total de los ingresos netos no derivados del trabajo. Https taxes hrblock com hrblock login updatepassword hrbx Esto se hace en las líneas 12a, 12b y 13. Https taxes hrblock com hrblock login updatepassword hrbx Sume la cantidad de la línea 7 a la de la línea 5 y anote el total en la línea 12a. Https taxes hrblock com hrblock login updatepassword hrbx Divida la cantidad de la línea 5 entre la de la línea 12a y anote el resultado, como número decimal, en la línea 12b. Https taxes hrblock com hrblock login updatepassword hrbx Ejemplo. Https taxes hrblock com hrblock login updatepassword hrbx En el ejemplo anterior bajo Línea 7 (ingresos netos no derivados del trabajo de otros hijos), el Formulario 8615 de Sandra indica $1,600 en la línea 7. Https taxes hrblock com hrblock login updatepassword hrbx La cantidad anotada en la línea 12a es $2,400, o sea, el total de las cantidades provenientes de las líneas 5 y 7 ($800 + $1,600). Https taxes hrblock com hrblock login updatepassword hrbx El número decimal en la línea 12b es . Https taxes hrblock com hrblock login updatepassword hrbx 333, calculado de la siguienta manera y redondeado hasta tres decimales:   $800 = . Https taxes hrblock com hrblock login updatepassword hrbx 333     $2,400   Paso 3. Https taxes hrblock com hrblock login updatepassword hrbx Cómo Calcular el Impuesto del Hijo (Parte III del Formulario 8615) El último paso para calcular el impuesto de su hijo utilizando el Formulario 8615 es determinar la cantidad mayor entre: El total de: La parte del impuesto provisional correspondiente al hijo basado en la tasa impositiva del padre o de la madre, más El impuesto sobre los ingresos tributables del hijo que sean superiores a los ingresos netos no derivados del trabajo, calculado a la tasa impositiva del hijo o El impuesto sobre los ingresos tributables del hijo calculado a la tasa impositiva del hijo. Https taxes hrblock com hrblock login updatepassword hrbx Éste es el impuesto del hijo. Https taxes hrblock com hrblock login updatepassword hrbx Se calcula en las líneas 14 a 18 del Formulario 8615. Https taxes hrblock com hrblock login updatepassword hrbx Impuesto mínimo alternativo. Https taxes hrblock com hrblock login updatepassword hrbx   Un hijo puede estar sujeto al impuesto mínimo alternativo (AMT, por sus siglas en inglés) si cuenta con determinados elementos que reciben un trato preferente conforme a la ley tributaria. Https taxes hrblock com hrblock login updatepassword hrbx Vea el tema titulado Impuesto Mínimo Alternativo (AMT) , en el capítulo 30. Https taxes hrblock com hrblock login updatepassword hrbx    Para información adicional acerca de quién tiene que pagar el AMT y cómo calcularlo, vea el Formulario 6251, Alternative Minimum Tax—Individuals (Impuesto mínimo alternativo—individuos), en inglés. Https taxes hrblock com hrblock login updatepassword hrbx Para información sobre límites especiales aplicables a un hijo que presente el Formulario 6251, vea Certain Children Under Age 24 (Determinados hijos menores de 24 años de edad), en las Instrucciones para el Formulario 6251, en inglés. 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