Filing Your Taxes Online is Fast, Easy and Secure.
Start now and receive your tax refund in as little as 7 days.

1. Get Answers

Your online questions are customized to your unique tax situation.

2. Maximize your Refund

Find tax credits for everything from school tuition to buying a hybri

3. E-File for FREE

E-file free with direct deposit to get your refund in as few as 7 days.

Filing your taxes with paper mail can be difficult and it could take weeks for your refund to arrive. IRS e-file is easy, fast and secure. There is no paperwork going to the IRS so tax refunds can be processed in as little as 7 days with direct deposit. As you prepare your taxes online, you can see your tax refund in real time.

FREE audit support and representation from an enrolled agent – NEW and only from H&R Block

Myfreetaxes

1040x Amended Tax Return2012 Free Tax Software OnlineEz File Tax ReturnIrs 1040 Ez Form 2012How To File An Amended Tax Return For 2012Vita TaxesIrs 1040 EzCan I File My 1040x OnlineWww.myfreetax.comFederal Income Tax Amendment2010 1040ez1040nr SoftwareHow Do I File 2010 TaxesNj 1040nr 2011Filing Tax Return OnlineHr Block Free E FileH&r Block State TaxesIrs Form 1040x 2012Amended Tax FormState Amended FormFree Tax Filing H&r BlockHow To File Past TaxesIrs Forms 2011Tax Act 20102012.taxhowIncome Tax Forms 1040How To Amend A Previous Tax Return2008 1040xState Tax Return FormFile 2010 Tax Return Online FreeWhat Forms Do I Need To File My 2012 TaxesHow Do I File Taxes As A StudentCan I Fill 2010 Taxes This YearState Tax Forms 2012Tax Breaks For Unemployed1040es FormE File Tax Preparation2012 Income Tax Form 10402009 TaxesState Taxes

Myfreetaxes

Myfreetaxes Index Symbols (ITIN), Filers who have certain child dependents with an Individual Taxpayer Identification Number (ITIN). Myfreetaxes 10% tax for early withdrawal from IRA or retirement plan (see Early withdrawal from deferred interest account, subheading: Tax on) 10-year tax option, 10-Year Tax Option 401(k) plans Tax treatment of contributions, Elective deferrals. Myfreetaxes 403(b) plans Rollovers, Rollovers, Rollover From Employer's Plan Into an IRA, Rollover from a qualified retirement plan into a Roth IRA. Myfreetaxes 457 plans (see Section 457 deferred compensation plans) 529 plans (see Qualified tuition programs) 59 rule, Age 59½ rule. Myfreetaxes 60 day rule, Time limit for making a rollover contribution. Myfreetaxes 70 rule, Age 70½ rule. Myfreetaxes , Nonresident alien spouse. Myfreetaxes A Abandonment of home, Abandonment. Myfreetaxes Abortion Deductibility as medical expense, Table 21-1. Myfreetaxes Medical and Dental Expenses Checklist. Myfreetaxes See Publication 502 for more information about these and other expenses. Myfreetaxes Abroad, citizens traveling or working, Employees of foreign governments or international organizations. Myfreetaxes , Foreign Employer, Travel Outside the United States, Travel Primarily for Business (see also Citizens outside U. Myfreetaxes S. Myfreetaxes ) (see also Foreign employment) Absence, temporary, Temporary absences. Myfreetaxes , Temporary absences. Myfreetaxes Accelerated death benefits, Accelerated Death Benefits, Exclusion for terminal illness. Myfreetaxes Accident insurance, Accident or Health Plan Cafeteria plans, Cafeteria plans. Myfreetaxes Long-term care, Long-term care coverage. Myfreetaxes , Long-Term Care Insurance Contracts Accidental death benefits, Accidental death benefits. Myfreetaxes Accidents, car, Deductible losses. Myfreetaxes Value determination, Car value. Myfreetaxes Willful negligence or intentional act as cause, Nondeductible losses. Myfreetaxes Accountable plans for employee reimbursements, Accountable Plans, Related to employer. Myfreetaxes Accountants Basis to include fees of, Cost Basis CPA review courses, Bar or CPA Review Course Accounting methods, Accounting Methods Accrual method (see Accrual method taxpayers) Cash method (see Cash method taxpayers) Change of Depreciation, to deduct unclaimed amount, Changing your accounting method to deduct unclaimed depreciation. Myfreetaxes Accounting periods, Accounting Periods Calendar year, When Do I Have To File?, Accounting Periods, Accounting period. Myfreetaxes Change in, standard deduction not allowed, Persons not eligible for the standard deduction. Myfreetaxes Fiscal year, Accounting Periods, Fiscal year taxpayers. Myfreetaxes , Fiscal Years Fringe benefits, Accounting period. Myfreetaxes Accrual method taxpayers, Accrual method. Myfreetaxes Taxes paid during tax year, deduction of, You must pay the tax during your tax year. Myfreetaxes Accumulation distribution of trusts Tax on, Other taxes. Myfreetaxes Accuracy-related penalties, Accuracy-related penalty. Myfreetaxes Acknowledgment, Acknowledgment. Myfreetaxes Activities not for profit, Activity not for profit. Myfreetaxes Address, Name and Address Change of, Change of Address Foreign, Foreign address. Myfreetaxes P. Myfreetaxes O. Myfreetaxes box, P. Myfreetaxes O. Myfreetaxes box. Myfreetaxes Address, filing, Where To File Adjusted basis, Adjusted Basis, Postponed gain from sale of home. Myfreetaxes Decreases to basis, Decreases to Basis Depreciation, Depreciation and section 179 deduction. Myfreetaxes Easements, Easements. Myfreetaxes Energy conservation subsidies exclusion, Exclusion of subsidies for energy conservation measures. Myfreetaxes Gifts, Property Received as a Gift Home sale (see Sale of home) Improvements, Improvements. Myfreetaxes Increases to basis, Increases to Basis Local assessments, Assessments for local improvements. Myfreetaxes Sales of property, Adjusted basis. Myfreetaxes Section 179 deduction, Depreciation and section 179 deduction. Myfreetaxes Adjusted gross income (AGI) Medical and dental expenses and limit of deduction, How Much of the Expenses Can You Deduct?, What Tax Form Do You Use? Retirement savings contribution credit, Special Rules Adjustments, Adjustments and tax preference items. Myfreetaxes Administrators, estate (see Executors and administrators) Adopted child, Exception for adopted child. Myfreetaxes , Adopted child. Myfreetaxes , Adopted child. Myfreetaxes , Taxpayer identification numbers for adoptees. Myfreetaxes Earned income credit, Adopted child. Myfreetaxes Adoption, Adoption Credit, Child with special needs. Myfreetaxes ATIN, Adoption taxpayer identification number (ATIN). Myfreetaxes , Adoption taxpayer identification number (ATIN). Myfreetaxes Child tax credit, Adopted child. Myfreetaxes (see also Child tax credit) Credits, Personal Expenses Married filing separately, Special Rules Taking, When to take the credit. Myfreetaxes Employer assistance, Adoption Assistance Exception for adopted child, Exception for adopted child. Myfreetaxes Exemption for child, Personal Expenses Expenses not deductible Foster care prior to, no charitable deduction, Foster parents. Myfreetaxes No charitable deduction for, Personal Expenses Foreign child, Foreign child. Myfreetaxes Medical and dental expenses of adopted child, Qualifying Child Taxpayer identification number, Adoption taxpayer identification number (ATIN). Myfreetaxes , Taxpayer identification numbers for aliens. Myfreetaxes Taxpayer identification numbers (TINs), Adoption taxpayer identification number (ATIN). Myfreetaxes Age Children's investments (see Children, subheading: Investment income of child under age 18) Form 1040EZ, taxpayer under 65 may use, You can use Form 1040EZ if all of the following apply. Myfreetaxes Gross income and filing requirements (Table 1-1), Introduction IRAs Contribution cutoff at age 70, Age 70½ rule. Myfreetaxes Distribution prior to age 59, Age 59½ rule. Myfreetaxes Distribution required at age 70, IRA owners. Myfreetaxes , Excess Accumulations (Insufficient Distributions) Pension distributions required at age 70, Age 70½. Myfreetaxes Retirement plan recipients over age 75, Who must use the General Rule. Myfreetaxes Roth IRAs, Is there an age limit for contributions?, Must you withdraw or use Roth IRA assets? Standard deduction for age 65 or older, Higher Standard Deduction for Age (65 or Older) Age test, Age Test (see Qualifying child) Agents, Losses on sales or trades of property. Myfreetaxes (see also Fiduciaries) Income paid to, Payment to an agent. Myfreetaxes Signing return, When someone can sign for you. Myfreetaxes AGI (see Adjusted gross income (AGI)) Agricultural workers (see Farmers) (see Farmworkers) Agriculture (see Farming) Aircraft Charitable gift of, deduction for fair market value, Cars, boats, and airplanes. Myfreetaxes Airline club dues Not entertainment expenses, Club dues and membership fees. Myfreetaxes Airplanes, donations of, Cars, boats, and airplanes. Myfreetaxes Airport transportation Business-related travel expense, Table 26-1. Myfreetaxes Travel Expenses You Can Deduct This chart summarizes expenses you can deduct when you travel away from home for business purposes. Myfreetaxes Alaska Standard meal allowance, Standard meal allowance for areas outside the continental United States. Myfreetaxes Alaska Permanent Fund dividends, Alaska Permanent Fund dividend. Myfreetaxes Child's dividends, Child's Alaska Permanent Fund dividends. Myfreetaxes Income from, You can use Form 1040EZ if all of the following apply. Myfreetaxes , You can use Form 1040A if all of the following apply. Myfreetaxes , Alaska Permanent Fund dividends. Myfreetaxes Investment income not to include, Investment income. Myfreetaxes Alaska Unemployment Compensation Fund, Contributions to state benefit funds. Myfreetaxes Alcohol rehabilitation centers Deductibility of medical expense, Table 21-1. Myfreetaxes Medical and Dental Expenses Checklist. Myfreetaxes See Publication 502 for more information about these and other expenses. Myfreetaxes Alcoholic beverages IRA prohibited transactions in, Collectibles. Myfreetaxes Aliens, Individual taxpayer identification number (ITIN) for aliens. Myfreetaxes , Not earned income. Myfreetaxes Dual-status (see Dual-status taxpayers) Filing required, Aliens Nonresident (see Nonresident aliens) Resident (see Resident aliens) Alimony, Alimony, Introduction, Spouse or former spouse. Myfreetaxes , Payments not alimony. Myfreetaxes , Payments to a third party. Myfreetaxes , Life insurance premiums. Myfreetaxes , Payments for jointly-owned home. Myfreetaxes , Mortgage payments. Myfreetaxes , Taxes and insurance. Myfreetaxes , Other payments to a third party. Myfreetaxes , Instruments Executed After 1984, Exception for instruments executed before 1985. Myfreetaxes , Alimony requirements. Myfreetaxes , Cash payment requirement. Myfreetaxes , Payments to a third party. Myfreetaxes , Payments designated as not alimony. Myfreetaxes , Spouses cannot be members of the same household. Myfreetaxes , Liability for payments after death of recipient spouse. Myfreetaxes , Substitute payments. Myfreetaxes , How To Deduct Alimony Paid, How To Report Alimony Received, Recapture Rule, Including the recapture in income. Myfreetaxes , Deducting the recapture. Myfreetaxes Definition of, Introduction Mortgage payments Interest deduction, Divorced or separated individuals. Myfreetaxes Reporting of income, Alimony. Myfreetaxes Alternative filing methods Electronic (see E-file ) Alternative minimum tax (AMT), Alternative Minimum Tax (AMT) Child's tax, figuring of, Alternative minimum tax. Myfreetaxes Exempt-interest dividends, Alternative minimum tax treatment. Myfreetaxes Filing requirements (Table 1-3), Figuring tax. Myfreetaxes Incentive stock option, You can use Form 1040A if all of the following apply. Myfreetaxes Nonrefundable credit for prior year tax, Nonrefundable Credit for Prior Year Minimum Tax Alternative motor vehicle credit, Alternative Motor Vehicle Credit, Amount of credit. Myfreetaxes Ambulance service personnel Life insurance proceeds when death in line of duty, Public Safety Officer Killed in the Line of Duty Amended returns, Amended Returns and Claims for Refund, Form 1040X. Myfreetaxes , Filing Form 1040X. Myfreetaxes (see also Form 1040X) Itemized deduction, change to standard deduction, Changing your mind. Myfreetaxes Standard deduction, change to itemized deductions, Changing your mind. Myfreetaxes American citizens abroad, U. Myfreetaxes S. Myfreetaxes Citizens and Resident Aliens Living Abroad (see also Citizens outside U. Myfreetaxes S. Myfreetaxes ) Employment (see Foreign employment) American Indians (see Indians) American opportunity credit Tuition deduction and, Who Cannot Claim the Deduction American Samoa Income from, Individuals With Income From U. Myfreetaxes S. Myfreetaxes Possessions Amortization Bond premiums, treatment of, Amortization of bond premium. Myfreetaxes AMT (see Alternative minimum tax (AMT)) Annuities, Rollovers (see also Rollovers) Cost computation, Cost (Investment in the Contract) Decedent's unrecovered investment in, Form W-2. Myfreetaxes Early distributions from, Tax on Early Distributions Deferred annuity contracts, 5% rate on certain early distributions from deferred annuity contracts. Myfreetaxes , Additional exceptions for nonqualified annuity contracts. Myfreetaxes Estimated tax, Withholding and estimated tax. Myfreetaxes Exclusion limit, Exclusion limit. Myfreetaxes General Rule Annuity starting before November 19, 1996, Annuity starting before November 19, 1996. Myfreetaxes Nonqualified plans and qualified plans for recipients over 75 years, Who must use the General Rule. Myfreetaxes Purchased annuities, Purchased annuities. Myfreetaxes Survivor's annuity, Survivors of retirees. Myfreetaxes Guaranteed payments, Guaranteed payments. Myfreetaxes IRAs as, Kinds of traditional IRAs. Myfreetaxes Joint return, Joint return. Myfreetaxes Loans from plan, Loans. Myfreetaxes Lump-sum distributions, Lump-Sum Distributions Multiple plan benefits, More than one program. Myfreetaxes , More than one annuity. Myfreetaxes Partly taxable payments, Partly taxable payments. Myfreetaxes Purchased annuities, Purchased annuities. Myfreetaxes Reporting of, How To Report Retirement annuities, Retirement Plans, Pensions, and Annuities (see also Retirement plans) Rollovers, Rollovers Sale of, Sale of Annuity Gain as ordinary income, Tax-free exchange. Myfreetaxes Simplified method to calculate tax-free part of annuity payment, Simplified Method Survivor's annuity, Survivors of retirees. Myfreetaxes Worksheet for computation, How to use the Simplified Method. Myfreetaxes Survivor annuities, Survivors and Beneficiaries Trade of insurance policies and annuities, Insurance policies and annuities. Myfreetaxes Unrecovered investment, Unrecovered Investment in Annuity Withholding, Form W-2. Myfreetaxes , Pensions and Annuities, Withholding and estimated tax. Myfreetaxes Annulled marriages Filing status, Annulled marriages. Myfreetaxes Anthrax incidents (see Terrorist attacks) Antiques (see Collectibles) Appliances Deterioration and damage, not casualty loss, Progressive deterioration. Myfreetaxes Appraisal fees, Appraisal Fees Donated property, Appraisal Fees Not deductible as interest, Amounts charged for services. Myfreetaxes Real estate transactions, when required by lender, Settlement costs. Myfreetaxes Appraisals Casualty or theft losses, Appraisal. Myfreetaxes , Costs of photographs and appraisals. Myfreetaxes Archer MSAs, Medical savings accounts (MSAs). Myfreetaxes Contributions, Archer MSA contributions. Myfreetaxes Medical expenses paid for decedent from, Decedent Not deductible as medical expense, Table 21-1. Myfreetaxes Medical and Dental Expenses Checklist. Myfreetaxes See Publication 502 for more information about these and other expenses. Myfreetaxes Armed forces, Types of Qualified Organizations, Table 24-1. Myfreetaxes Examples of Charitable Contributions—A Quick Check, Armed Forces reservists. Myfreetaxes (see also Reservists) (see also Veterans' organizations) Combat zone Extension to file return, Individuals Serving in Combat Zone Signing return for spouse, Spouse in combat zone. Myfreetaxes Dependency allotments, Armed Forces dependency allotments. Myfreetaxes Disability pay, Disability. Myfreetaxes Disability pensions, Military and Government Disability Pensions GI Bill benefits, Tuition payments and allowances under the GI Bill. Myfreetaxes Military, Military uniforms. Myfreetaxes Military quarters allotments, Tax-exempt military quarters allowances. Myfreetaxes Naval officers on permanent duty aboard ship, Members of the Armed Forces. Myfreetaxes Permanent duty overseas, Members of the Armed Forces. Myfreetaxes Real estate taxes when receiving housing allowance, Ministers' and military housing allowances. Myfreetaxes , Ministers' and military housing allowance. Myfreetaxes Rehabilitative program payments, Veterans' benefits. Myfreetaxes Reserves, Armed Forces reservists traveling more than 100 miles from home. Myfreetaxes Retirees' pay Taxable income, Military retirement pay. Myfreetaxes Uniforms, Military uniforms. Myfreetaxes Wages, Military Armed Forces Retiree's pay withholding, Military retirees. Myfreetaxes Art works As capital assets, Capital Assets and Noncapital Assets, Gold, silver, stamps, coins, gems, etc. Myfreetaxes Capital gains or losses from sale or trade of, Investment interest deducted. Myfreetaxes Artists, performing (see Performing artists) Assessments, local (see Local assessments) Assistance (see Tax help) Assistance, tax (see Tax help) Assumption of mortgage, Assumption of mortgage. Myfreetaxes Fees not included in basis, Settlement costs. Myfreetaxes At-risk rules Rental property, At-Risk Rules Athletic events Charitable contributions, amount deductible, Athletic events. Myfreetaxes ATIN (Adoption taxpayer identification number), Adoption taxpayer identification number (ATIN). Myfreetaxes Attachment of wages, Garnisheed wages. Myfreetaxes Attachments to return, Attachments Attorneys Bar review courses, Bar or CPA Review Course Attorneys' fees, Legal Expenses, Personal Legal Expenses Basis to include, Cost Basis Social security and railroad retirement benefits, deductions for, Legal expenses. Myfreetaxes Title to property, for preparation, filing, etc. Myfreetaxes , Settlement costs. Myfreetaxes Audits Travel expense records, If your return is examined. Myfreetaxes Auto insurance Medical expenses covered by, not deductible, Table 21-1. Myfreetaxes Medical and Dental Expenses Checklist. Myfreetaxes See Publication 502 for more information about these and other expenses. Myfreetaxes Automatic extension of time to file, Automatic Extension, When to file. Myfreetaxes Form 4868, E-file options. Myfreetaxes Automatic investment services Holding period, determination of, Automatic investment service. Myfreetaxes Awards (see Prizes and awards) Away-from-home travel (see Travel and transportation expenses) B Babysitting, Babysitting. Myfreetaxes Back pay, award for, Back pay awards. Myfreetaxes Emotional distress damages under title VII of Civil Rights Act of 1964, Court awards and damages. Myfreetaxes Backup withholding, Backup Withholding, Backup withholding. Myfreetaxes , Backup withholding. Myfreetaxes Dividend income, Backup withholding. Myfreetaxes , Reporting tax withheld. Myfreetaxes Penalties, Penalties. Myfreetaxes Bad debts Bank deposit, loss due to bank's insolvency or bankruptcy, Nonbusiness bad debt. Myfreetaxes Reporting on Schedule D (Form 1040), How to report. Myfreetaxes Claim for refund, Exceptions for special types of refunds. Myfreetaxes , Filing a claim for refund. Myfreetaxes Nonbusiness, Nonbusiness Bad Debts Recovery, Recoveries Reporting of, How to report bad debts. Myfreetaxes Short-term capital loss, How to report bad debts. Myfreetaxes When deductible, When deductible. Myfreetaxes Baggage Business-related travel expense, Table 26-1. Myfreetaxes Travel Expenses You Can Deduct This chart summarizes expenses you can deduct when you travel away from home for business purposes. Myfreetaxes Balance due, Refund or balance due. Myfreetaxes Bankruptcy Canceled debt not deemed to be income, Excluded debt. Myfreetaxes Financial institution's bankruptcy causing deductible loss, Loss on Deposits Reporting of, Loss on deposits. Myfreetaxes Banks Automatic investment service, determination of holding period, Automatic investment service. Myfreetaxes IRAs with, When and How Can a Traditional IRA Be Opened? Losses on deposits, when casualty losses, Deposit in Insolvent or Bankrupt Financial Institution, Loss on Deposits Reporting of, Loss on deposits. Myfreetaxes Money market accounts, Money Market Funds Bar associations Charitable contributions to, Contributions to Nonqualified Organizations Bar employees Tips (see Tip income) Bar review courses, Bar or CPA Review Course Bargain sales As charitable contributions, Bargain sales. Myfreetaxes Basis of purchase, Bargain purchases. Myfreetaxes Barter income, Bartering Definition of bartering, Bartering Form 1099-B, Form 1099-B from barter exchange. Myfreetaxes Basis Adjusted basis, Adjusted Basis Allocation between business and personal use, Introduction Bad debts, Basis in bad debt required. Myfreetaxes Bargain purchases, Bargain purchases. Myfreetaxes Bonds, Stocks and Bonds, Bond premium. Myfreetaxes Cost basis, Useful Items - You may want to see: IRAs for nondeductible contributions, Cost basis. Myfreetaxes , Partly taxable. Myfreetaxes Definition of, Introduction Gifts, Property Received as a Gift Home sales (see Sale of home) Improvements to real estate, Improvements. Myfreetaxes Involuntary conversion, Involuntary Conversions Like-kind exchanges, Basis of property received. Myfreetaxes Other than cost, Basis Other Than Cost, Tax-exempt obligations. Myfreetaxes , No gain or loss. Myfreetaxes Points not to be included, Settlement costs. Myfreetaxes , Points. Myfreetaxes Property received for services, Property Received for Services Real estate, Real Property Restricted property, Restricted property. Myfreetaxes Stock or stock rights, Basis. Myfreetaxes Tax-exempt obligations Bonds, Tax-exempt obligations. Myfreetaxes Transfers between spouses, Property Transferred From a Spouse, Transfers Between Spouses Beetles Damage or destruction to trees and plants, when casualty loss, Progressive deterioration. Myfreetaxes Beneficiaries, Beneficiary of an estate or trust. Myfreetaxes , Rollover by surviving spouse. Myfreetaxes , Estate and trust income. Myfreetaxes , Losses. Myfreetaxes (see also Estate beneficiaries) (see also Trust beneficiaries) Bequests, Estate and trust income. Myfreetaxes , Losses. Myfreetaxes , Gifts and inheritances. Myfreetaxes , Income from property received as a gift. Myfreetaxes (see also Estate beneficiaries) (see also Gifts) (see also Inheritance) Bicycle Fringe benefit, Qualified bicycle commuting. Myfreetaxes Bingo, Table 24-1. Myfreetaxes Examples of Charitable Contributions—A Quick Check, Contributions From Which You Benefit Birth control pills, Table 21-1. Myfreetaxes Medical and Dental Expenses Checklist. Myfreetaxes See Publication 502 for more information about these and other expenses. Myfreetaxes Birth of child, Death or birth of child. Myfreetaxes Head of household, qualifying person to file as, Death or birth. Myfreetaxes , Death or birth. Myfreetaxes Social security number to be obtained, Born and died in 2013. Myfreetaxes Birth of dependent, Death or birth. Myfreetaxes Blackmail Losses due to, Theft Blind persons Exemption from withholding, Age 65 or older or blind. Myfreetaxes Guide dogs, deductible as medical expense, Table 21-1. Myfreetaxes Medical and Dental Expenses Checklist. Myfreetaxes See Publication 502 for more information about these and other expenses. Myfreetaxes Impairment-related work expenses, deduction for, Impairment-Related Work Expenses Standard deduction for, Introduction, Higher Standard Deduction for Blindness Blood banks No charitable deduction for blood donations to, Table 24-1. Myfreetaxes Examples of Charitable Contributions—A Quick Check, Value of Time or Services Blue books to determine fair market value, Cars, boats, and airplanes. Myfreetaxes Boats Charitable gift of, deduction for fair market value, Cars, boats, and airplanes. Myfreetaxes Donations of, Cars, boats, and airplanes. Myfreetaxes Body scan, Table 21-1. Myfreetaxes Medical and Dental Expenses Checklist. Myfreetaxes See Publication 502 for more information about these and other expenses. Myfreetaxes Bona fide business purpose Travel expenses, Bona fide business purpose. Myfreetaxes Work-related education, Qualifying Work-Related Education Bonds Adjusted basis for, Stocks and Bonds Amortization of premium, Amortization of bond premium. Myfreetaxes , Amortizable Premium on Taxable Bonds As capital assets, Capital Assets and Noncapital Assets, Stocks, stock rights, and bonds. Myfreetaxes Convertible bonds, Convertible stocks and bonds. Myfreetaxes Discounted Capital gain or loss, Discounted Debt Instruments Issued at discount, Original Issue Discount (OID) Market discount bonds, Market discount bonds. Myfreetaxes Original issue discount, Original Issue Discount (OID) Redemption of, Redemption or retirement of bonds. Myfreetaxes Retirement of, Retirement bonds. Myfreetaxes , Redemption or retirement of bonds. Myfreetaxes Sale of, Bonds Sold Between Interest Dates Savings, U. Myfreetaxes S. Myfreetaxes Savings Bonds, Series HH bonds. Myfreetaxes , Series EE and series I bonds. Myfreetaxes Sold at premium, computation of adjusted basis, Bond premium. Myfreetaxes State or local government, tax-exempt, Tax-exempt state and local government bonds. Myfreetaxes Tax-exempt, State or Local Government Obligations Bonuses, Supplemental Wages, Bonuses and awards. Myfreetaxes , Employee awards or bonuses. Myfreetaxes Bookkeeping (see Recordkeeping requirements) Books to determine fair market value, Car value. Myfreetaxes Borrowed funds, Loans. Myfreetaxes , Items You Cannot Deduct (see also Loans) Used for charitable contributions, deduction for, Borrowed funds. Myfreetaxes Bottled water, Table 21-1. Myfreetaxes Medical and Dental Expenses Checklist. Myfreetaxes See Publication 502 for more information about these and other expenses. Myfreetaxes Boy Scouts Charitable contributions to, Examples. Myfreetaxes , Table 24-1. Myfreetaxes Examples of Charitable Contributions—A Quick Check Braille books, Table 21-1. Myfreetaxes Medical and Dental Expenses Checklist. Myfreetaxes See Publication 502 for more information about these and other expenses. Myfreetaxes Breach of contract Damages as income, Court awards and damages. Myfreetaxes employment, Damages for Breach of Employment Contract Breast pump and supplies, Table 21-1. Myfreetaxes Medical and Dental Expenses Checklist. Myfreetaxes See Publication 502 for more information about these and other expenses. Myfreetaxes Bribes, Bribes. Myfreetaxes , List of Nondeductible Expenses Brokers Form 1099-B, Sales and Trades IRAs with, When and How Can a Traditional IRA Be Opened? Commissions, Brokers' commissions. Myfreetaxes , Brokers' commissions. Myfreetaxes Receiving dividends, reporting on Form 1099-MISC, Form 1099-MISC. Myfreetaxes Burglary Losses due to, Theft Burial expenses, List of Nondeductible Expenses (see Funerals) Business associates, Meals and Incidental Expenses, Entertainment Expenses (see also Entertainment expenses) Business travel to meet, Transportation Expenses Travel expenses of, paying for, Business associate. Myfreetaxes Business expenses, Meals and Incidental Expenses, Entertainment Expenses (see also Entertainment expenses) Job search expenses, Job interview expenses. Myfreetaxes Meal expenses (see Meal and lodging expenses) Reimbursements, Expense allowances. Myfreetaxes , Allowances and reimbursements. Myfreetaxes Returning excess for business expenses, Returning Excess Reimbursements Returning excess business expenses, Expense allowances. Myfreetaxes Travel (see Travel and transportation expenses) Work-related education, What Expenses Can Be Deducted Business organizations Charitable contributions to, Contributions to Nonqualified Organizations Business property As gift, adjusted basis for, Business property. Myfreetaxes Basis for depreciation, Basis for depreciation. Myfreetaxes Property use changed to, adjusted basis for, Property Changed From Personal to Business or Rental Use Sales or exchanges Like-kind exchanges, Like-kind exchanges. Myfreetaxes Business tax credits Claim for refund, Exceptions for special types of refunds. Myfreetaxes Business use of home, Home Office C Cafeteria plans, Cafeteria plans. Myfreetaxes Calendar year taxpayers Accounting periods, When Do I Have To File?, Accounting Periods, Accounting period. Myfreetaxes Filing due date, When Do I Have To File? California Nonoccupational Disability Benefit Fund, Contributions to state benefit funds. Myfreetaxes Campaign contributions, Campaign contributions. Myfreetaxes , Table 24-1. Myfreetaxes Examples of Charitable Contributions—A Quick Check, Contributions to Nonqualified Organizations Presidential Election Campaign Fund, Presidential Election Campaign Fund Campaign expenses, Campaign Expenses Canada Resident of, Citizen or Resident Test, Child in Canada or Mexico. Myfreetaxes Cancellation of debt, Canceled Debts Exceptions to treatment as income, Exceptions Candidates for public office Contributions to, no charitable deduction for, Table 24-1. Myfreetaxes Examples of Charitable Contributions—A Quick Check, Contributions to Nonqualified Organizations Capital assets Coal and iron ore, Coal and iron ore. Myfreetaxes Definition of, Capital Assets and Noncapital Assets Capital expenses, Capital expenses. Myfreetaxes Capital gains or losses, Capital Gains and Losses, How to report and postpone gain. Myfreetaxes , Reporting Gains and Losses Bad debts as short-term capital loss, How to report bad debts. Myfreetaxes Carryover of, Long-term gains and losses. Myfreetaxes , Capital loss carryover. Myfreetaxes Worksheet, Figuring your carryover. Myfreetaxes Character of gain, Capital Gains and Losses Character of loss, Capital Gains and Losses Child's distributions and dividends, reporting of, Child's capital gain distributions. Myfreetaxes , Capital gain distributions and qualified dividends. Myfreetaxes Collectibles, Investment interest deducted. Myfreetaxes Deductions, Capital Losses Limit on, Limit on deduction. Myfreetaxes Distributions, Money Market Funds Form 1040 or 1040A to be used, You can use Form 1040A if all of the following apply. Myfreetaxes , How To Report Dividend Income Form 8949, Reporting Gains and Losses Hobbies, sales from collections, Hobby losses. Myfreetaxes Holding period, determination of, Holding Period How to report, Reporting Capital Gains and Losses Installment sales and, Installment sales. Myfreetaxes Lump-sum distributions from pensions and annuities, Capital Gain Treatment Mutual funds paying, Capital Gain Distributions Net capital gain, Capital Gains and Losses, Long-term gains and losses. Myfreetaxes , Capital Gain Tax Rates Included as investment income, Choosing to include net capital gain. Myfreetaxes Net long-term capital loss, Long-term gains and losses. Myfreetaxes Sale of personal items, Sale of personal items. Myfreetaxes Sale or trade of property held more than 1 year, Long-term or short-term. Myfreetaxes , Long-term gains and losses. Myfreetaxes Schedule D, Reporting Gains and Losses , Reporting Capital Gains and Losses Section 1250 gains from sale of real property, Capital Gains and Losses, Unrecaptured section 1250 gain. Myfreetaxes State or local government bonds, tax-exempt, Tax-exempt state and local government bonds. Myfreetaxes Tax rates, Capital Gain Tax Rates Total net gain, Total net gain or loss. Myfreetaxes Total net loss, Total net gain or loss. Myfreetaxes Undistributed gains, Long-term gains and losses. Myfreetaxes Credit for tax on, Undistributed capital gains of mutual funds and REITs. Myfreetaxes , Credit for Tax on Undistributed Capital Gain Car expenses, Car expenses. Myfreetaxes Car pools, Car pools. Myfreetaxes , Car pools. Myfreetaxes Carrybacks Business tax credit carrybacks, Exceptions for special types of refunds. Myfreetaxes Carryovers Capital loss, Long-term gains and losses. Myfreetaxes , Capital loss carryover. Myfreetaxes Worksheet, Figuring your carryover. Myfreetaxes Investment interest, Limit on Deduction Cars, Transportation, Transporting school children. Myfreetaxes , Car Expenses and Other Employee Business Expenses, Car Expenses (see also Standard mileage rates) (see also Travel and transportation) Accidents resulting in casualty loss, Deductible losses. Myfreetaxes Value determination, Car value. Myfreetaxes Willful negligence or intentional act as cause, Nondeductible losses. Myfreetaxes Actual expenses, Car Expenses, Actual Car Expenses Advertising displays on, Advertising display on car. Myfreetaxes Allowances from employers, Per Diem and Car Allowances As capital assets, Capital Assets and Noncapital Assets Blue book to determine fair market value, Cars, boats, and airplanes. Myfreetaxes Books to determine fair market value, Car value. Myfreetaxes Business and personal use, allocation between, Business and personal use. Myfreetaxes , Separating expenses. Myfreetaxes Business-related travel expenses, Table 26-1. Myfreetaxes Travel Expenses You Can Deduct This chart summarizes expenses you can deduct when you travel away from home for business purposes. Myfreetaxes Car pools, Car pools. Myfreetaxes Charitable gift of, deduction for fair market value, Cars, boats, and airplanes. Myfreetaxes Charitable organization service, use for, Car expenses. Myfreetaxes Depreciation, Depreciation and section 179 deductions. Myfreetaxes Donations of, Cars, boats, and airplanes. Myfreetaxes Fixed and variable rate (FAVR), Fixed and variable rate (FAVR). Myfreetaxes Form 2106 or 2106-EZ, how to fill out, Car expenses. Myfreetaxes Hauling tools or instruments, Hauling tools or instruments. Myfreetaxes Interest on loans, not deductible, Personal Interest Leased vehicles, Leasing a car. Myfreetaxes Medical transportation, Table 21-1. Myfreetaxes Medical and Dental Expenses Checklist. Myfreetaxes See Publication 502 for more information about these and other expenses. Myfreetaxes , Transportation, Car expenses. Myfreetaxes Parking (see Parking fees) Personal property taxes on, deduction of, Personal Property Taxes Reporting of, How To Report Table 26-3 showing forms to be used, Per diem allowance more than federal rate. Myfreetaxes Sale, trade-in, or other disposition, Sale, Trade-In, or Other Disposition Section 179 deductions, Depreciation and section 179 deductions. Myfreetaxes Work-related education, transportation for, Using your car. Myfreetaxes Cash Dividends paid as, Introduction Rebates, Cash rebates. Myfreetaxes Sales of property for, Payment of cash. Myfreetaxes Cash contributions, records to keep, Cash Contributions Cash method taxpayers, Cash method. Myfreetaxes Bad debts, Basis in bad debt required. Myfreetaxes Points, deduction of, Deduction Allowed in Year Paid Real estate transactions, tax allocation, Division of real estate taxes between buyers and sellers. Myfreetaxes Taxes paid during tax year, deduction of, You must pay the tax during your tax year. Myfreetaxes Worthless securities and negotiable promissory notes, Worthless securities. Myfreetaxes Cash rebates, Cash rebates. Myfreetaxes Casualties, Home destroyed or condemned. Myfreetaxes Casualty insurance Premiums not in property basis, Settlement costs. Myfreetaxes Reimbursements from, Casualty insurance and other reimbursements. Myfreetaxes Casualty losses, Nonbusiness Casualty and Theft Losses, Net operating loss (NOL). Myfreetaxes , Casualty and Theft Losses, Casualty and Theft Losses of Income-Producing Property Adjusted basis in property, Casualty and theft losses. Myfreetaxes , Involuntary Conversions, Adjusted Basis, Adjustments to basis. Myfreetaxes Amount of loss, Figuring a Loss Appraisals, Appraisal. Myfreetaxes , Costs of photographs and appraisals. Myfreetaxes Bank deposit, loss due to bank's insolvency or bankruptcy, Casualty loss or ordinary loss. Myfreetaxes Costs Cleaning up or making repairs, Cost of cleaning up or making repairs. Myfreetaxes Photographs and appraisals, Costs of photographs and appraisals. Myfreetaxes Deductible losses, Deductible losses. Myfreetaxes $100 rule, $100 Rule When to take (Table 25-2), Gains more than losses. Myfreetaxes Deduction limits, Deduction Limits For personal property (Table 25-1), Actual reimbursement same as expected. Myfreetaxes Definition of casualty, Casualty Disasters, Employer's emergency disaster fund. Myfreetaxes , Disaster relief. Myfreetaxes (see also Disaster relief) Employer's emergency disaster fund, Employer's emergency disaster fund. Myfreetaxes Fair market value of property, Decrease in Fair Market Value Form 4684 to be filed, Forms to file. Myfreetaxes Insurance proceeds, treatment of, Insurance and Other Reimbursements Net operating losses, Net operating loss (NOL). Myfreetaxes Nondeductible losses, Deductible losses. Myfreetaxes Proof of loss, Casualty loss proof. Myfreetaxes Property used partly for business and partly for personal purposes, Property used partly for business and partly for personal purposes. Myfreetaxes Reimbursement, Insurance and Other Reimbursements Reporting of gain or loss, When To Report Gains and Losses, Losses. Myfreetaxes , How To Report Gains and Losses Single casualty on multiple properties, Single Casualty on Multiple Properties Cemeteries Charitable contributions to, Types of Qualified Organizations Certificate, mortgage credit, Who qualifies. Myfreetaxes Certificates of deposit (CDs), Certificates of deposit (CDs). Myfreetaxes , Individual Retirement Arrangements (IRAs) (see also Individual retirement arrangements (IRAs)) Chambers of commerce Charitable contributions to, Table 24-1. Myfreetaxes Examples of Charitable Contributions—A Quick Check, Contributions to Nonqualified Organizations Entertainment expenses for attending meetings, Trade association meetings. Myfreetaxes Change of address, Change of Address Change of name, Name change. Myfreetaxes , Name changed. Myfreetaxes Chaplains Life insurance proceeds when death in line of duty, Public Safety Officer Killed in the Line of Duty Charitable contributions, Contributions, Introduction, Organizations That Qualify To Receive Deductible Contributions, Types of Qualified Organizations, Contributions You Can Deduct, Contributions From Which You Benefit, Table 24-1. Myfreetaxes Examples of Charitable Contributions—A Quick Check, Token items. Myfreetaxes , Written statement. Myfreetaxes , Contributions You Cannot Deduct, Contributions to Individuals, Contributions to Nonqualified Organizations, Contributions From Which You Benefit, Contributions of Property, Determining Fair Market Value, Large quantities. Myfreetaxes , Giving Property That Has Decreased in Value, Giving Property That Has Increased in Value, Ordinary income property. Myfreetaxes , Capital gain property. Myfreetaxes , Amount of deduction — general rule. Myfreetaxes , Bargain sales. Myfreetaxes , When To Deduct, Time of making contribution. Myfreetaxes , Noncash Contributions, Additional records. Myfreetaxes , How To Report Gifts to reduce public debt, Gift To Reduce Debt Held by the Public Charitable distributions, qualified, Qualified charitable distributions (QCD). Myfreetaxes Charity benefit events Deduction amount for charitable contributions, Charity benefit events. Myfreetaxes Check-writing fees, Check-Writing Fees on Personal Account Checklists Medical and dental expense deductions (Table 21-1), Medicare A. Myfreetaxes Checks As charitable contributions, Checks. Myfreetaxes Canceled checks as evidence of travel expenses, Canceled check. Myfreetaxes Constructive receipt of, Check received or available. Myfreetaxes Child Foster child, Rule 10. Myfreetaxes You Cannot Be a Qualifying Child of Another Taxpayer, Rule 13. Myfreetaxes You Cannot Be a Qualifying Child of Another Taxpayer Married child, Married child. Myfreetaxes Child and dependent care credit, You can use Form 1040A if all of the following apply. Myfreetaxes Due diligence, Getting the information. Myfreetaxes Earned income, Earned income. Myfreetaxes Full-time student, Rule for student-spouse or spouse not able to care for self. Myfreetaxes Married filing separately, Special Rules Payments to relatives, Payments to Relatives or Dependents Child born alive, Child born alive. Myfreetaxes Child care, You can use Form 1040A if all of the following apply. Myfreetaxes Babysitting, Babysitting. Myfreetaxes Care providers, Childcare providers. Myfreetaxes Expenses, Child care expenses. Myfreetaxes Nursing care for healthy baby, not deductible as medical expense, Table 21-1. Myfreetaxes Medical and Dental Expenses Checklist. Myfreetaxes See Publication 502 for more information about these and other expenses. Myfreetaxes Child custody, Custodial parent and noncustodial parent. Myfreetaxes Child support, Child support payments. Myfreetaxes Alimony, difference from, Payments not alimony. Myfreetaxes , Alimony requirements. Myfreetaxes , Child support. Myfreetaxes Child tax credit, Who Should File, You can use Form 1040A if all of the following apply. Myfreetaxes , Child tax credit. Myfreetaxes , Child Tax Credit Additional credit, Additional Child Tax Credit Amount of credit, Amount of Credit Claiming, procedure for, Claiming the Credit Limits, Special Rules, Limits on the Credit Modified adjusted gross income, Modified AGI. Myfreetaxes Married filing separately, Special Rules Qualifying child, Qualifying Child Child, qualifying, Qualifying Child Childcare Credit, Child and Dependent Care Credit Provider Taxpayer identification number, Provider Identification Test Children, Adoption Assistance, Personal Expenses (see also Adoption) Additional credit on child tax credit, Additional Child Tax Credit Adoption (see Adopted child) Babysitters, Babysitting. Myfreetaxes Birth of child Head of household, qualifying person to file as, Death or birth. Myfreetaxes , Death or birth. Myfreetaxes Social security number to be obtained, Born and died in 2013. Myfreetaxes Care providers, Childcare providers. Myfreetaxes (see also Child care) Child's tax, figuring of, Step 3. Myfreetaxes Figuring the Child's Tax (Form 8615, Part III) Alternative minimum tax, Alternative minimum tax. Myfreetaxes Credit for, Who Should File, You can use Form 1040A if all of the following apply. Myfreetaxes (see also Child and dependent care credit) (see also Child tax credit) Custody of, Custodial parent and noncustodial parent. Myfreetaxes Death of child Head of household, qualifying person to file as, Death or birth. Myfreetaxes , Death or birth. Myfreetaxes Deductions, Line 2 (deductions). Myfreetaxes Dividends of (see this heading: Investment income of child under age 18) Earnings of, Child's earnings. Myfreetaxes Filing requirements, Child's earnings. Myfreetaxes As dependents (Table 1-2), Do I Have To File a Return? Gifts to, Income from property given to a child. Myfreetaxes , Income from property received as a gift. Myfreetaxes Inclusion of child's income on parent's return (Figure 31-A), Penalty for underpayment of estimated tax. Myfreetaxes Income, calculation of, Figuring Child's Income Capital gains distributions, Capital gain distributions and qualified dividends. Myfreetaxes Investment income of, Tax on unearned income of certain children. Myfreetaxes Investment income of child under age 18 Dependent filing requirements (Table 1-2), Do I Have To File a Return? Interest and dividends, Certain Children Under Age 19 or Full-Time Students Parents' election to report on Form 1040, Certain Children Under Age 19 or Full-Time Students, Investment income of child reported on parent's return. Myfreetaxes Kidnapped, Kidnapped child. Myfreetaxes , Kidnapped child. Myfreetaxes Net unearned income, figuring of, Step 1. Myfreetaxes Figuring the Child's Net Unearned Income (Form 8615, Part I) Nontaxable income, Nontaxable income. Myfreetaxes Property received as gift, income from, Income from property received as a gift. Myfreetaxes Signing return, parent for child, Spouse unable to sign. Myfreetaxes Standard deduction for, Introduction, Standard Deduction for Dependents Stillborn, Stillborn child. Myfreetaxes Support of (see Child support) Tax credit (see Child tax credit) Tentative tax figured at parent's tax rate, Step 2. Myfreetaxes Figuring Tentative Tax at the Parent's Tax Rate (Form 8615, Part II) Transporting school children, Transporting school children. Myfreetaxes Unearned income of, Tax on unearned income of certain children. Myfreetaxes Unearned income of certain children, Introduction Form 8615, use of (Figure 31-B), Parental information, providing of, Providing Parental Information (Form 8615, lines A–C) Parents' election to report on Form 1040, Parent's Election To Report Child's Interest and Dividends Trust income, Trust income. Myfreetaxes Unearned income defined, Unearned income defined. Myfreetaxes Chronic illness Accelerated payment of life insurance proceeds (see Accelerated death benefits) Long-term care (see Long-term care insurance contracts) Church employees Filing requirements (Table 1-3), Figuring tax. Myfreetaxes Churches, temples, etc. Myfreetaxes Charitable contributions to, Examples. Myfreetaxes , Table 24-1. Myfreetaxes Examples of Charitable Contributions—A Quick Check Convention delegates, deduction of unreimbursed expenses, Conventions. Myfreetaxes Citizen or resident test, Citizen or Resident Test Citizens outside U. Myfreetaxes S. Myfreetaxes Business travel outside U. Myfreetaxes S. Myfreetaxes , Travel Outside the United States, Travel Primarily for Business, Travel Primarily for Personal Reasons Self-employed persons, Exception 1 - No substantial control. Myfreetaxes Standard meal allowance, Standard meal allowance for areas outside the continental United States. Myfreetaxes Earned income exclusion, Reminders Employment (see Foreign employment) Extension of time to file, Individuals Outside the United States Filing requirements, U. Myfreetaxes S. Myfreetaxes Citizens and Resident Aliens Living Abroad Withholding from IRA distributions, IRA distributions delivered outside the United States. Myfreetaxes Civic associations Charitable contributions to, Contributions to Nonqualified Organizations Contributions to, no charitable deduction for, Table 24-1. Myfreetaxes Examples of Charitable Contributions—A Quick Check Civil defense organizations Charitable contributions to, Examples. Myfreetaxes Civil service retirement benefits, Civil service retirement benefits. Myfreetaxes Civil suits, Court awards and damages. Myfreetaxes (see also Damages from lawsuits) Civil tax penalties (see Penalties) Clergy, Ministers. Myfreetaxes Contributions that can be spent as individual wishes, not deductible charitable contribution, Contributions to Individuals Housing, Clergy Real estate taxes when receiving housing allowance, Ministers' and military housing allowances. Myfreetaxes , Ministers' and military housing allowance. Myfreetaxes Life insurance proceeds when chaplain died in line of duty, Public Safety Officer Killed in the Line of Duty Pensions, Pension. Myfreetaxes Special income rules, Clergy Clerical help, deductibility of, Clerical Help and Office Rent Clients, Meals and Incidental Expenses, Entertainment Expenses (see also Entertainment expenses) Business travel to meet, Transportation Expenses Travel expenses of, paying for, Business associate. Myfreetaxes Closing costs Real property transactions, Settlement costs. Myfreetaxes Sale of home, Settlement fees or closing costs. Myfreetaxes Clothing Military, Military uniforms. Myfreetaxes Moth damage, not casualty loss, Progressive deterioration. Myfreetaxes Uniforms Charitable organization requiring, deduction for cost and upkeep of, Uniforms. Myfreetaxes Used clothing, charitable deduction for fair market value, Used clothing and household items. Myfreetaxes work, Work Clothes and Uniforms Club dues and membership fees Entertainment expenses, Club dues and membership fees. Myfreetaxes Co-owners Dwelling unit used as home by co-owner, rental income and expense allocation, Shared equity financing agreement. Myfreetaxes Coal and iron ore, Coal and iron ore. Myfreetaxes Coins (see Collectibles) Collectibles As capital assets, Capital Assets and Noncapital Assets, Gold, silver, stamps, coins, gems, etc. Myfreetaxes Gains or losses from sale or trade of, Investment interest deducted. Myfreetaxes IRA investment in, Investment in Collectibles, Exception. Myfreetaxes College professor Research expenses, Research Expenses of a College Professor Colleges and universities Charitable contributions to, Examples. Myfreetaxes , Table 24-1. Myfreetaxes Examples of Charitable Contributions—A Quick Check Athletic events, amount deductible, Athletic events. Myfreetaxes Education costs, Qualified tuition programs (QTPs). Myfreetaxes (see also Qualified tuition programs) Employer-provided educational assistance, Qualified Education Expenses (see also Educational assistance) Combat zone Extension to file return, Individuals Serving in Combat Zone Signing return for spouse, Spouse in combat zone. Myfreetaxes Commission drivers Deduction of expenses, Statutory employees. Myfreetaxes Commissions, Supplemental Wages Advance, Advance commissions and other earnings. Myfreetaxes IRAs with brokers, Brokers' commissions. Myfreetaxes , Brokers' commissions. Myfreetaxes Property basis to include when buyer pays, Settlement costs. Myfreetaxes Sharing of (kickbacks), Kickbacks. Myfreetaxes Unearned, deduction for repayment of, Advance commissions and other earnings. Myfreetaxes Commodities Derivative financial instruments, Capital Assets and Noncapital Assets Common law marriage, Considered married. Myfreetaxes Communist organizations Charitable contributions to, Contributions to Nonqualified Organizations Community property, Community income. Myfreetaxes , Community property. Myfreetaxes Alimony, difference from, Payments not alimony. Myfreetaxes IRAs, Community property laws. Myfreetaxes Married filing separately, Community property states. Myfreetaxes Medical and dental expenses, Community property states. Myfreetaxes Commuting expenses, Commuting expenses. Myfreetaxes , Commuting Expenses Employer-provided commuter vehicle, Commuter highway vehicle. Myfreetaxes Compensation, Wages, Salaries, and Other Earnings (see also Wages and salaries) Defined for IRA purposes, What is compensation? Defined for Roth IRA purposes, Compensation. Myfreetaxes Employee, Employee Compensation Miscellaneous compensation, Miscellaneous Compensation Nonemployee, Nonemployee compensation. Myfreetaxes Unemployment, Unemployment compensation. Myfreetaxes Computation of tax, Computations Equal amounts, Equal amounts. Myfreetaxes Negative amounts, Negative amounts. Myfreetaxes Rounding off dollars, Rounding off dollars. Myfreetaxes Computer, Depreciation on Computers Condemnation of property, Home destroyed or condemned. Myfreetaxes , Condemnations. Myfreetaxes Basis computation, Involuntary Conversions Disaster areas, government-ordered demolition of unsafe home, Deductible losses. Myfreetaxes Period of ownership and use, Previous home destroyed or condemned. Myfreetaxes Confidential information Privacy Act and paperwork reduction information, Reminders Travel expenses and, Confidential information. Myfreetaxes Constructive receipt of income, Constructive receipt. Myfreetaxes , Payment to an agent. Myfreetaxes , Constructive receipt. Myfreetaxes Contributions, Gift To Reduce Debt Held by the Public, Campaign contributions. Myfreetaxes , Contributions, Table 24-1. Myfreetaxes Examples of Charitable Contributions—A Quick Check, Contributions to Nonqualified Organizations, How To Report (see also Campaign contributions) (see also Charitable contributions) Nontaxable combat pay, Nontaxable combat pay. Myfreetaxes Political, Political Contributions Reservist repayments, Qualified reservist repayments. Myfreetaxes Retirement (see specific type of plan ) Controlled corporations Nontaxable stock purchase of, Property for stock of a controlled corporation. Myfreetaxes Related party transactions, Losses on sales or trades of property. Myfreetaxes Convenience fees, Credit or Debit Card Convenience Fees Conventions Delegates Deduction of unreimbursed expenses, Conventions. Myfreetaxes Travel expenses, Conventions Travel expenses, Conventions Work-related education, deduction of travel expenses for overseas conventions, Cruises and conventions. Myfreetaxes Conversion (see specific retirement or IRA plan ) Convertible stocks and bonds, Convertible stocks and bonds. Myfreetaxes Cooperative housing Dwelling unit used as home, Introduction Mortgage interest statements, Form 1098, Mortgage Interest Statement Real estate taxes, deduction of, Tenant-shareholders in a cooperative housing corporation. Myfreetaxes Sale or trade of Form 1099-S to report, Form 1099-S transactions. Myfreetaxes Period of ownership and use, Cooperative apartment. Myfreetaxes Cooperatives Patronage dividends, Patronage dividends. Myfreetaxes Copyrights, Capital Assets and Noncapital Assets Infringement damages, Court awards and damages. Myfreetaxes Royalties, Royalties Corporations, S Corporation Income (see also S corporations) Controlled corporations, Property for stock of a controlled corporation. Myfreetaxes , Losses on sales or trades of property. Myfreetaxes Director fees as self-employment income, Corporate director. Myfreetaxes Reorganizations and nontaxable trade of stock, Corporate reorganizations. Myfreetaxes Corrections (see Errors) Cosmetic surgery Not deductible as medical expense, Table 21-1. Myfreetaxes Medical and Dental Expenses Checklist. Myfreetaxes See Publication 502 for more information about these and other expenses. Myfreetaxes Cosmetics Not deductible as medical expense, Table 21-1. Myfreetaxes Medical and Dental Expenses Checklist. Myfreetaxes See Publication 502 for more information about these and other expenses. Myfreetaxes Cost basis, Useful Items - You may want to see: IRAs for nondeductible contributions, Cost basis. Myfreetaxes , Partly taxable. Myfreetaxes Cost-of-living allowances, Government cost-of-living allowances. Myfreetaxes Country clubs Charitable contributions to, Contributions to Nonqualified Organizations Dues Charitable deduction not allowed, Table 24-1. Myfreetaxes Examples of Charitable Contributions—A Quick Check, Membership fees or dues. Myfreetaxes Entertainment expense deduction not allowed, Club dues and membership fees. Myfreetaxes Coupon bonds, Coupon bonds. Myfreetaxes Court awards and damages (see Damages from lawsuits) Cousin, Cousin. Myfreetaxes Coverdell ESAs Additional tax on, Other taxes. Myfreetaxes CPAs (see Accountants) Credit cards Annual fees, not deductible, Items You Cannot Deduct Benefits, taxability of insurance, Credit card insurance. Myfreetaxes Charitable contributions charged to, Credit card. Myfreetaxes Finance charges, not deductible, Personal Interest Payment of taxes, Reminders Credit for child and dependent care expenses, Credit for child and dependent care expenses. Myfreetaxes , Credit for child and dependent care expenses. Myfreetaxes Credit for prior year minimum tax Nonrefundable, Nonrefundable Credit for Prior Year Minimum Tax Credit for the elderly or the disabled, Credit for the elderly or the disabled. Myfreetaxes , Credit for the elderly or the disabled. Myfreetaxes Credit or debit cards Payment of taxes, E-file and pay by credit or debit card or by direct transfer from your bank account. Myfreetaxes Credit reports Costs not included in property basis, Settlement costs. Myfreetaxes Fees for, not deductible, Items You Cannot Deduct Credit to holders of tax credit bonds, Credit to Holders of Tax Credit Bonds Credits, Credits. Myfreetaxes , Earned income credit. Myfreetaxes , Credit for child and dependent care expenses. Myfreetaxes , Credit for the elderly or the disabled. Myfreetaxes , Earned income credit. Myfreetaxes , Credit for child and dependent care expenses. Myfreetaxes , Credit for the elderly or the disabled. Myfreetaxes , Earned income credit. Myfreetaxes Alternative motor vehicle, Alternative Motor Vehicle Credit American opportunity, Special Rules Build America bonds (see Credit to holders of tax credit bonds) Capital gains, undistributed, credit for tax on, Undistributed capital gains of mutual funds and REITs. Myfreetaxes , Credit for Tax on Undistributed Capital Gain Child and dependent care, Child and Dependent Care Credit (see Child and dependent care credit) Child tax (see Child tax credit) Clean renewable energy bonds (see Credit to holders of tax credit bonds) Earned income, Earned Income Credit (EIC) (see Earned income credit) Elderly or the disabled, Credit for the Elderly or the Disabled Excess withholding, Credit for Excess Social Security Tax or Railroad Retirement Tax Withheld Foreign tax, Foreign Tax Credit Health coverage, Health Coverage Tax Credit Lifetime learning (see Lifetime learning credit) Mortgage interest, Mortgage Interest Credit Nonrefundable credits, Nonrefundable Credits Plug-in electric drive motor vehicle, Plug-in Electric Drive Motor Vehicle Credit Prior year minimum tax (AMT), nonrefundable, Nonrefundable Credit for Prior Year Minimum Tax Qualified energy conservation bonds (see Credit to holders of tax credit bonds) Qualified school construction bonds (see Credit to holders of tax credit bonds) Qualified zone academy bonds (see Credit to holders of tax credit bonds) Refundable credits, Refundable Credits Residential energy, Residential Energy Credits Retirement savings contribution, Retirement Savings Contributions Credit (Saver's Credit) Cremation Not deductible as medical expense, Table 21-1. Myfreetaxes Medical and Dental Expenses Checklist. Myfreetaxes See Publication 502 for more information about these and other expenses. Myfreetaxes Criminal prosecutions Travel expenses for federal staff, Exception for federal crime investigations or prosecutions. Myfreetaxes Cruises Travel expenses when incidental business activities, Trip Primarily for Personal Reasons Work-related education, deduction of expenses, Cruises and conventions. Myfreetaxes Custodial fees, Investment Fees and Expenses Custody of child, Custodial parent and noncustodial parent. Myfreetaxes Customers, Meals and Incidental Expenses, Entertainment Expenses (see also Entertainment expenses) Business travel to meet, Transportation Expenses Travel expenses of, paying for, Business associate. Myfreetaxes D Daily allowance (see Per diem) Damage to property, Nonbusiness Casualty and Theft Losses (see also Casualty losses) Disasters, Employer's emergency disaster fund. Myfreetaxes , Disaster relief. Myfreetaxes (see also Disaster relief) Damages, Damages for Breach of Employment Contract Damages from lawsuits, Court awards and damages. Myfreetaxes Medical expenses as part of settlement, Damages for Personal Injuries Dating your return, Signatures Daycare centers, You can use Form 1040A if all of the following apply. Myfreetaxes , Childcare providers. Myfreetaxes , Care outside your home. Myfreetaxes (see also Child and dependent care credit) (see also Child care) De minimis benefits, De Minimis (Minimal) Benefits Deadlines (see Due dates) Death (see Decedents) Death benefits Accelerated, Accelerated Death Benefits, Exclusion for terminal illness. Myfreetaxes Life insurance proceeds (see Life insurance) Public safety officers who died or were killed in line of duty, tax exclusion, Public Safety Officer Killed in the Line of Duty Death of child, Death or birth of child. Myfreetaxes Death of dependent, Death or birth. Myfreetaxes Debt instruments (see Bonds or Notes) Debts, Exceptions for special types of refunds. Myfreetaxes , Recoveries (see also Bad debts) Canceled (see Cancellation of debt) Nonrecourse, Mortgage relief upon sale or other disposition. Myfreetaxes Paid by another, Debts paid for you. Myfreetaxes Payoff of debt included in sales transaction, Debt paid off. Myfreetaxes Public, gifts to reduce, Gift To Reduce Debt Held by the Public Recourse, Mortgage relief upon sale or other disposition. Myfreetaxes Refund offset against, Refunds. Myfreetaxes , Offset against debts. Myfreetaxes Deceased taxpayers (see Decedents) Decedents, Surviving Spouses, Executors, Administrators, and Legal Representatives (see also Executors and administrators) Capital loss of, Decedent's capital loss. Myfreetaxes Deceased spouse, Surviving Spouses, Executors, Administrators, and Legal Representatives Personal exemption, Death of spouse. Myfreetaxes Due dates, Filing for a decedent. Myfreetaxes Filing requirements, Surviving Spouses, Executors, Administrators, and Legal Representatives Funeral expenses, Contributions to Individuals Medical and dental expenses, Decedent Savings bonds, Decedents. Myfreetaxes Spouse's death, Spouse died during the year. Myfreetaxes , Spouse died. Myfreetaxes Standard deduction, Decedent's final return. Myfreetaxes Transfer of property at death, Other property transactions. Myfreetaxes Declaration of rights of taxpayers IRS request for information, Reminders Deduction Costs of discrimination suits, Deduction for costs involved in unlawful discrimination suits. Myfreetaxes Deductions, Special Rules, Personal Exemptions and Dependents, Your Own Exemption, Recoveries, Nonbusiness Bad Debts, How to report bad debts. Myfreetaxes , Capital Losses , Introduction, Standard Deduction, Points, Treatment by buyer. Myfreetaxes , Meals and Incidental Expenses, Entertainment Expenses (see also Bad debts) (see also Capital losses) (see also Entertainment expenses) (see also Personal exemption) (see also Points) (see also Recovery of amounts previously deducted) (see also Standard deduction) Alimony, deductible by payer, How To Deduct Alimony Paid Casualty losses, Casualty and Theft Losses of Income-Producing Property (see Capital losses) Changing claim after filing, need to amend, Amended Returns and Claims for Refund Charitable contributions, Contributions, How To Report (see also Charitable contributions) Dental expenses (see Medical and dental expenses) Depreciation, Depreciation and section 179 deduction. Myfreetaxes Educator expenses, Educator Expenses Estate, Excess Deductions of an Estate Fee-basis government officials, Special Rules Impairment-related work expenses, Impairment-Related Work Expenses, Impairment-related work expenses of disabled employees. Myfreetaxes Interest (see Interest payments) Investment expenses, Investment expenses. Myfreetaxes IRA contributions (see Individual retirement arrangements (IRAs)) Itemizing (see Itemized deductions) Long-term care insurance contracts, Table 21-1. Myfreetaxes Medical and Dental Expenses Checklist. Myfreetaxes See Publication 502 for more information about these and other expenses. Myfreetaxes Medical expenses (see Medical and dental expenses) Mortgage interest, Hardest Hit Fund and Emergency Homeowners' Loan Programs. Myfreetaxes (see Mortgages) Not itemizing, use of Form 1040A, You can use Form 1040A if all of the following apply. Myfreetaxes Pass-through entities, Indirect Deductions of Pass-Through Entities Penalties, no deduction permitted, Penalties. Myfreetaxes Performing artists' expenses, Expenses of certain performing artists. Myfreetaxes Prepaid insurance premiums, Prepaid insurance premiums. Myfreetaxes Prescription medicines, Table 21-1. Myfreetaxes Medical and Dental Expenses Checklist. Myfreetaxes See Publication 502 for more information about these and other expenses. Myfreetaxes Rental expenses, When to deduct. Myfreetaxes Repayments, Repayments Section 179 deductions Adjustment to basis for, Depreciation and section 179 deduction. Myfreetaxes Car expenses, Depreciation and section 179 deductions. Myfreetaxes Self-employed persons Health insurance premiums, Health Insurance Costs for Self-Employed Persons Social security and railroad retirement benefits, Deductions Related to Your Benefits Standard deduction, Standard Deduction, Married persons who filed separate returns. Myfreetaxes Stop-smoking programs, Table 21-1. Myfreetaxes Medical and Dental Expenses Checklist. Myfreetaxes See Publication 502 for more information about these and other expenses. Myfreetaxes Student loan interest deduction (see Student loans) Theft loss, Casualty and Theft Losses of Income-Producing Property Transportation expenses (see Travel and transportation expenses) Union dues (see Labor unions) Work-related education, What Expenses Can Be Deducted Deeds Preparation costs for, Amounts charged for services. Myfreetaxes Recording fees, basis to include, Real estate taxes. Myfreetaxes Deferred annuity contracts (see Annuities) Deferred compensation Limit, Elective deferrals. Myfreetaxes Nonqualified plans, Nonqualified deferred compensation plans. Myfreetaxes Deferred compensation plans (see Retirement plans) Delinquent taxes Real estate transactions, tax allocation, Real estate taxes for prior years. Myfreetaxes Delivery services, Private delivery services. Myfreetaxes Business-related travel expense, Table 26-1. Myfreetaxes Travel Expenses You Can Deduct This chart summarizes expenses you can deduct when you travel away from home for business purposes. Myfreetaxes Demutualization of life insurance companies, Demutualization of life insurance companies. Myfreetaxes Dental expenses (see Medical and dental expenses) Dentures Deductibility as medical expense, Table 21-1. Myfreetaxes Medical and Dental Expenses Checklist. Myfreetaxes See Publication 502 for more information about these and other expenses. Myfreetaxes Dependent care Benefits, Dependent care benefits. Myfreetaxes , Dependent Care Benefits Center, Dependent care center. Myfreetaxes Credit for, Child and Dependent Care Credit Dependent taxpayer test, Dependent Taxpayer Test Dependents, Who Should File, You can use Form 1040A if all of the following apply. Myfreetaxes , Exception for adopted child. Myfreetaxes , Filers who have certain child dependents with an Individual Taxpayer Identification Number (ITIN). Myfreetaxes (see also Child tax credit) Birth of, Death or birth. Myfreetaxes Born and died within year, Exception. Myfreetaxes , Born and died in 2013. Myfreetaxes Death of, Death or birth. Myfreetaxes Deceased dependent's medical and dental expenses, What if you pay medical expenses of a deceased spouse or dependent? Disabled dependent care expenses, deduction for, Disabled Dependent Care Expenses Exemption for, Exemptions for Dependents Filing requirements, Child's earnings. Myfreetaxes Earned income, unearned income, and gross income levels (Table 1-2), Do I Have To File a Return? Married, filing joint return, Joint Return Test, Joint Return Test (To Be a Qualifying Child) Medical and dental expenses, Dependent Qualifying child, Qualifying Child, Qualifying Child Qualifying relative, Qualifying Relative, Qualifying Child Social security number, Dependent's SSN. Myfreetaxes Adoption taxpayer identification number, Adoption taxpayer identification number (ATIN). Myfreetaxes , Taxpayer identification numbers for aliens. Myfreetaxes Alien dependents, Born and died in 2013. Myfreetaxes Standard deduction for, Standard Deduction for Dependents Travel expenses for, Travel expenses for another individual. Myfreetaxes Tuition deduction for, Who Can Claim a Dependent's Expenses Dependents not allowed to claim dependents, Dependent Taxpayer Test Depletion allowance, Depletion. Myfreetaxes Deposits, Fees and deposits. Myfreetaxes Loss on, Loss on Deposits Losses on, Deposit in Insolvent or Bankrupt Financial Institution, Loss on Deposits Reporting of, Loss on deposits. Myfreetaxes Depreciation Adjustment to basis for, Depreciation and section 179 deduction. Myfreetaxes Cars, Depreciation and section 179 deductions. Myfreetaxes Change of use of property, Basis for depreciation. Myfreetaxes Computer, Depreciation on Computers Correcting amount claimed, Claiming the correct amount of depreciation. Myfreetaxes Form 4562 Rental property depreciation, Depreciation Home computer, Depreciation on Home Computer Property used in trade or business, as noncapital assets, Capital Assets and Noncapital Assets Real property Gain from disposition of property, Depreciation after May 6, 1997. Myfreetaxes Land, no depreciation of, Land. Myfreetaxes Rental property, Depreciation. Myfreetaxes , Depreciation Designated Roth Account Defined. Myfreetaxes , Designated Roth accounts. Myfreetaxes Designated Roth account, Designated Roth accounts. Myfreetaxes , Designated Roth accounts. Myfreetaxes Destroyed records, Destroyed records. Myfreetaxes Diaper service, Table 21-1. Myfreetaxes Medical and Dental Expenses Checklist. Myfreetaxes See Publication 502 for more information about these and other expenses. Myfreetaxes Differential wage payments, Differential wage payments. Myfreetaxes Differential wages Wages for reservists Military reserves, Differential wage payments. Myfreetaxes Direct deposit of refunds, Refunds Directors' fees, Corporate director. Myfreetaxes Disabilities, persons with, Qualifying Person Test, Physically or mentally not able to care for oneself. Myfreetaxes , Credit for the Elderly or the Disabled (see also Elderly or the disabled) Accrued leave payment, Accrued leave payment. Myfreetaxes Armed forces, Disability. Myfreetaxes Blind (see Blind persons) Cafeteria plans, Cafeteria plans. Myfreetaxes Credit for (see Elderly or disabled, credit for) Dependent who is disabled, deduction for care expenses, Disabled Dependent Care Expenses Guide dogs, deductible as medical expense, Table 21-1. Myfreetaxes Medical and Dental Expenses Checklist. Myfreetaxes See Publication 502 for more information about these and other expenses. Myfreetaxes Impairment-related work expenses of, Impairment-Related Work Expenses, Impairment-related work expenses of disabled employees. Myfreetaxes Work-related education, Impairment-Related Work Expenses Insurance costs, Cost paid by you. Myfreetaxes Military and government pensions, Military and Government Disability Pensions Public assistance benefits, Persons with disabilities. Myfreetaxes Reporting of disability pension income, Disability Pensions Retirement, pensions, and profit-sharing plans, Sickness and Injury Benefits, Retirement and profit-sharing plans. Myfreetaxes Signing of return by court-appointed representative, Court-appointed, conservator, or other fiduciary. Myfreetaxes Social security and railroad retirement benefits, deductions for, Disability payments. Myfreetaxes Special school or home for, deductibility of medical expense, Table 21-1. Myfreetaxes Medical and Dental Expenses Checklist. Myfreetaxes See Publication 502 for more information about these and other expenses. Myfreetaxes Terrorist attack as cause of injury, disability payments excluded from taxation, Disability pensions. Myfreetaxes Workers' compensation, Workers' Compensation Disability Income, Disability income. Myfreetaxes Disability benefits Earned income credit, Form 4029. Myfreetaxes Disability insurance payments Earned income credit, Disability insurance payments. Myfreetaxes Disability, permanent and total disability, Permanent and total disability. Myfreetaxes Disabled Child, Permanently and totally disabled. Myfreetaxes Dependent, Disabled dependent working at sheltered workshop. Myfreetaxes Disaster Assistance Act of 1988 Withholding, Federal Payments Disaster relief, Terrorist attack or military action. Myfreetaxes , Disaster relief payments. Myfreetaxes , Disaster relief. Myfreetaxes (see also Terrorist attacks) Cash gifts to victims, Cash gifts. Myfreetaxes Disaster Relief and Emergency Assistance Act Grants, Disaster relief grants. Myfreetaxes Unemployment assistance, Types of unemployment compensation. Myfreetaxes Employer's emergency disaster fund, Employer's emergency disaster fund. Myfreetaxes Government-ordered demolition or relocation of home that is unsafe due to, Deductible losses. Myfreetaxes Grants or payments, Disaster relief grants. Myfreetaxes Replacement of lost or destroyed property, Disaster relief. Myfreetaxes Discharge of qualified principal residence indebtedness, Discharges of qualified principal residence indebtedness. Myfreetaxes , Adjusted Basis Disclosure statement, Disclosure statement. Myfreetaxes Discount, bonds and notes issued at, Original Issue Discount (OID) Discounted debt instruments Capital gain or loss, Discounted Debt Instruments Discounts Employee discounts, effect on basis, Bargain purchases. Myfreetaxes Distributions, Eligible rollover distributions. Myfreetaxes (see also Rollovers) Early (see Early withdrawal from deferred interest account) Liquidating distributions, Liquidating Distributions Lump sum (see Lump-sum distributions) Nondividend distributions, Nondividend Distributions Qualified charitable, Qualified charitable distributions (QCD). Myfreetaxes Qualified reservist, Qualified reservist distributions. Myfreetaxes Required minimum distributions, Required distributions. Myfreetaxes , Required distributions. Myfreetaxes , When Must You Withdraw IRA Assets? (Required Minimum Distributions) (see also Individual retirement arrangements (IRAs)) (see also Pensions) Return of capital, Nondividend Distributions District of Columbia First-time homebuyer credit, Decreases to basis. Myfreetaxes Dividends, Dividends and Other Distributions, Form 1099-DIV. Myfreetaxes , More information. Myfreetaxes (see also Form 1099-DIV) Alaska Permanent Fund (see Alaska Permanent Fund dividends) As stock dividends and stock rights, Distributions of Stock and Stock Rights Backup withholding, Backup withholding. Myfreetaxes Beneficiary of estate or trust receiving, Beneficiary of an estate or trust. Myfreetaxes Buying more stock with, Dividends Used to Buy More Stock Defined, Introduction Exempt-interest dividends, Other Distributions Expenses related to, deduction of, Expenses related to dividend income. Myfreetaxes Fees to collect, Fees to Collect Interest and Dividends Foreign income, Reminder Holding period, determination of, Stock dividends. Myfreetaxes Insurance dividends, Dividends on insurance policies. Myfreetaxes Money market funds, Money Market Funds Nominees receiving on behalf of another, Nominees. Myfreetaxes Nondividend distributions, Nondividend Distributions Ordinary dividends, Ordinary Dividends Patronage dividends, Patronage dividends. Myfreetaxes Qualified, Qualified Dividends, Qualified dividends. Myfreetaxes Real estate investment trusts (REITs) paying, Capital Gain Distributions Redemption treated as, Dividend versus sale or trade. Myfreetaxes Reinvestment plans, Dividends Used to Buy More Stock Reporting of, How To Report Dividend Income As interest, Introduction Scrip dividends, Scrip dividends. Myfreetaxes Sold stock, Dividends on stock sold. Myfreetaxes Stockholder debts when canceled as, Stockholder debt. Myfreetaxes Veterans' insurance, Dividends on veterans' insurance. Myfreetaxes Divorced parents, Children of divorced or separated parents (or parents who live apart). Myfreetaxes , Applying this special rule to divorced or separated parents (or parents who live apart). Myfreetaxes Divorced taxpayers, Alimony. Myfreetaxes (see also Alimony) Child and dependent care credit, Child of divorced or separated parents or parents living apart. Myfreetaxes Child custody, Custodial parent and noncustodial parent. Myfreetaxes Definition of divorce instrument for purposes of alimony, Divorce or separation instrument. Myfreetaxes Estimated tax payments, Divorced Taxpayers Filing status, Divorced persons. Myfreetaxes , Divorced persons. Myfreetaxes IRAs, Kay Bailey Hutchison Spousal IRA. Myfreetaxes , Transfers Incident to Divorce Medical and dental expenses of children of, Child of divorced or separated parents. Myfreetaxes Mortgage interest, payment as alimony, Divorced or separated individuals. Myfreetaxes Personal exemption, Divorced or separated spouse. Myfreetaxes Real estate taxes, allocation of, Divorced individuals. Myfreetaxes Transfers between spouses, Property Transferred From a Spouse, Transfers Between Spouses Use of home after divorce, Use of home after divorce. Myfreetaxes Doctors' bills (see Medical and dental expenses) Documentary evidence Recordkeeping requirements, Documentary evidence. Myfreetaxes Domestic help Withholding, Household workers. Myfreetaxes Domestic help, no exemption for, Housekeepers, maids, or servants. Myfreetaxes
Español



Microsoft Windows Media
(22 MB)

The Myfreetaxes

Myfreetaxes 3. Myfreetaxes   Limit on Annual Additions Table of Contents Ministers and church employees. Myfreetaxes Includible Compensation for Your Most Recent Year of ServiceMost Recent Year of Service Includible Compensation The first component of MAC is the limit on annual additions. Myfreetaxes This is a limit on the total contributions (elective deferrals, nonelective contributions, and after-tax contributions) that can be made to your 403(b) account. Myfreetaxes The limit on annual additions generally is the lesser of: $51,000 for 2013 and $52,000 for 2014, or 100% of your includible compensation for your most recent year of service. Myfreetaxes More than one 403(b) account. Myfreetaxes If you contributed to more than one 403(b) account, you must combine the contributions made to all 403(b) accounts on your behalf by your employer. Myfreetaxes Ministers and church employees. Myfreetaxes   If you are a minister or a church employee, you may be able to increase your limit on annual additions or use different rules when figuring your limit on annual additions. Myfreetaxes For more information, see chapter 5. Myfreetaxes Participation in a qualified plan. Myfreetaxes If you participated in a 403(b) plan and a qualified plan, you must combine contributions made to your 403(b) account with contributions to a qualified plan and simplified employee pensions of all corporations, partnerships, and sole proprietorships in which you have more than 50% control. Myfreetaxes You can use Part I of Worksheet 1 in chapter 9 to figure your limit on annual additions. Myfreetaxes Includible Compensation for Your Most Recent Year of Service Definition. Myfreetaxes   Generally, includible compensation for your most recent year of service is the amount of taxable wages and benefits you received from the employer that maintained a 403(b) account for your benefit during your most recent year of service. Myfreetaxes When figuring your includible compensation for your most recent year of service, keep in mind that your most recent year of service may not be the same as your employer's most recent annual work period. Myfreetaxes This can happen if your tax year is not the same as your employer's annual work period. Myfreetaxes When figuring includible compensation for your most recent year of service, do not mix compensation or service of one employer with compensation or service of another employer. Myfreetaxes Most Recent Year of Service Your most recent year of service is your last full year of service, ending on the last day of your tax year that you worked for the employer that maintained a 403(b) account on your behalf. Myfreetaxes Tax year different from employer's annual work period. Myfreetaxes   If your tax year is not the same as your employer's annual work period, your most recent year of service is made up of parts of at least two of your employer's annual work periods. Myfreetaxes Example. Myfreetaxes A professor who reports her income on a calendar-year basis is employed on a full-time basis by a university that operates on an academic year (October through May). Myfreetaxes To figure her includible compensation for 2013, the professor's most recent year of service is her service from January through May 2013 and from October through December 2013. Myfreetaxes Figuring Your Most Recent Year of Service To figure your most recent year of service, begin by determining what is a full year of service for your position. Myfreetaxes A full year of service is equal to full-time employment for your employer's annual work period. Myfreetaxes After identifying a full year of service, begin counting the service you have provided for your employer starting with the service provided in the current year. Myfreetaxes Part-time or employed only part of the year. Myfreetaxes   If you are a part-time or a full-time employee who is employed for only part of the year, your most recent year of service is your service this year and your service for as many previous years as is necessary to total 1 full year of service. Myfreetaxes To determine your most recent year of service, add the following periods of service: Your service during the year for which you are figuring the limit on annual additions, and Your service during your preceding tax years until the total service equals 1 year of service or you have figured all of your service with the employer. Myfreetaxes Example. Myfreetaxes You were employed on a full-time basis from July through December 2011 (1/2 year of service), July through December 2012 (1/2 year of service), and October through December 2013 (1/4 year of service). Myfreetaxes Your most recent year of service for computing your limit on annual additions for 2013 is the total of your service during 2013 (1/4 year of service), your service during 2012 (1/2 year of service), and your service during the months October through December 2011 (1/4 year of service). Myfreetaxes Not yet employed for 1 year. Myfreetaxes   If, at the close of the year, you have not yet worked for your employer for 1 year (including time you worked for the same employer in all earlier years), use the period of time you have worked for the employer as your most recent year of service. Myfreetaxes Includible Compensation After identifying your most recent year of service, the next step is to identify the includible compensation associated with that full year of service. Myfreetaxes Includible compensation is not the same as income included on your tax return. Myfreetaxes Compensation is a combination of income and benefits received in exchange for services provided to your employer. Myfreetaxes Generally, includible compensation is the amount of income and benefits: Received from the employer who maintains your 403(b) account, and Must be included in your income. Myfreetaxes Includible compensation includes the following amounts. Myfreetaxes Elective deferrals (employer's contributions made on your behalf under a salary reduction agreement). Myfreetaxes Amounts contributed or deferred by your employer under a section 125 cafeteria plan. Myfreetaxes Amounts contributed or deferred, at the election of the employee, under an eligible section 457 nonqualified deferred compensation plan (state or local government or tax-exempt organization plan). Myfreetaxes  Note. Myfreetaxes For information about treating elective deferrals under section 457 plans as Roth contributions, see Publication 575. Myfreetaxes Wages, salaries, and fees for personal services earned with the employer maintaining your 403(b) account. Myfreetaxes Income otherwise excluded under the foreign earned income exclusion. Myfreetaxes Pre-tax contributions (employer's contributions made on your behalf according to your election) to a qualified transportation fringe benefit plan. Myfreetaxes Includible compensation does not include the following items. Myfreetaxes Your employer's contributions to your 403(b) account. Myfreetaxes Compensation earned while your employer was not an eligible employer. Myfreetaxes Your employer's contributions to a qualified plan that: Are on your behalf, and Are excludable from income. Myfreetaxes The cost of incidental life insurance. Myfreetaxes See Cost of Incidental Life Insurance, later. Myfreetaxes If you are a church employee or a foreign missionary, figure includible compensation using the rules explained in chapter 5. Myfreetaxes Contributions after retirement. Myfreetaxes   Nonelective contributions may be made for an employee for up to 5 years after retirement. Myfreetaxes These contributions would be based on includible compensation for the last year of service before retirement. Myfreetaxes Cost of Incidental Life Insurance Includible compensation does not include the cost of incidental life insurance. Myfreetaxes If all of your 403(b) accounts invest only in mutual funds, then you have no incidental life insurance. Myfreetaxes If you have an annuity contract, a portion of the cost of that contract may be for incidental life insurance. Myfreetaxes If so, the cost of the insurance is taxable to you in the year contributed and is considered part of your basis when distributed. Myfreetaxes Your employer will include the cost of your insurance as taxable wages in box 1 of Form W-2. Myfreetaxes Not all annuity contracts include life insurance. Myfreetaxes Contact your plan administrator to determine if your contract includes incidental life insurance. Myfreetaxes If it does, you will need to figure the cost of life insurance each year the policy is in effect. Myfreetaxes Figuring the cost of incidental life insurance. Myfreetaxes If you have determined that part of the cost of your annuity contract is for an incidental life insurance premium, you will need to determine the amount of the premium and subtract it from your includible compensation. Myfreetaxes To determine the amount of the life insurance premiums, you will need to know the following information. Myfreetaxes The value of your life insurance contract, which is the amount payable upon your death. Myfreetaxes The cash value of your life insurance contract at the end of the tax year. Myfreetaxes Your age on your birthday nearest the beginning of the policy year. Myfreetaxes Your current life insurance protection under an ordinary retirement income life insurance policy, which is the amount payable upon your death minus the cash value of the contract at the end of the year. Myfreetaxes You can use Worksheet A, in chapter 9, to determine the cost of your incidental life insurance. Myfreetaxes Example. Myfreetaxes Your new contract provides that your beneficiary will receive $10,000 if you should die before retirement. Myfreetaxes Your cash value in the contract at the end of the first year is zero. Myfreetaxes Your current life insurance protection for the first year is $10,000 ($10,000 − 0). Myfreetaxes The cash value in the contract at the end of year two is $1,000, and the current life insurance protection for the second year is $9,000 ($10,000 – $1,000). Myfreetaxes The 1-year cost of the protection can be calculated by using Figure 3-1, Table of One-Year Term Premiums for $1,000 Life Insurance Protection . Myfreetaxes The premium rate is determined based on your age on your birthday nearest the beginning of the policy year. Myfreetaxes Figure 3-1. Myfreetaxes Table of One-Year Term Premiums for $1,000 Life Insurance Protection Age Cost   Age Cost   Age Cost 0 $0. Myfreetaxes 70   35 $0. Myfreetaxes 99   70 $20. Myfreetaxes 62 1 0. Myfreetaxes 41   36 1. Myfreetaxes 01   71 22. Myfreetaxes 72 2 0. Myfreetaxes 27   37 1. Myfreetaxes 04   72 25. Myfreetaxes 07 3 0. Myfreetaxes 19   38 1. Myfreetaxes 06   73 27. Myfreetaxes 57 4 0. Myfreetaxes 13   39 1. Myfreetaxes 07   74 30. Myfreetaxes 18 5 0. Myfreetaxes 13   40 1. Myfreetaxes 10   75 33. Myfreetaxes 05 6 0. Myfreetaxes 14   41 1. Myfreetaxes 13   76 36. Myfreetaxes 33 7 0. Myfreetaxes 15   42 1. Myfreetaxes 20   77 40. Myfreetaxes 17 8 0. Myfreetaxes 16   43 1. Myfreetaxes 29   78 44. Myfreetaxes 33 9 0. Myfreetaxes 16   44 1. Myfreetaxes 40   79 49. Myfreetaxes 23 10 0. Myfreetaxes 16   45 1. Myfreetaxes 53   80 54. Myfreetaxes 56 11 0. Myfreetaxes 19   46 1. Myfreetaxes 67   81 60. Myfreetaxes 51 12 0. Myfreetaxes 24   47 1. Myfreetaxes 83   82 66. Myfreetaxes 74 13 0. Myfreetaxes 28   48 1. Myfreetaxes 98   83 73. Myfreetaxes 07 14 0. Myfreetaxes 33   49 2. Myfreetaxes 13   84 80. Myfreetaxes 35 15 0. Myfreetaxes 38   50 2. Myfreetaxes 30   85 88. Myfreetaxes 76 16 0. Myfreetaxes 52   51 2. Myfreetaxes 52   86 99. Myfreetaxes 16 17 0. Myfreetaxes 57   52 2. Myfreetaxes 81   87 110. Myfreetaxes 40 18 0. Myfreetaxes 59   53 3. Myfreetaxes 20   88 121. Myfreetaxes 85 19 0. Myfreetaxes 61   54 3. Myfreetaxes 65   89 133. Myfreetaxes 40 20 0. Myfreetaxes 62   55 4. Myfreetaxes 15   90 144. Myfreetaxes 30 21 0. Myfreetaxes 62   56 4. Myfreetaxes 68   91 155. Myfreetaxes 80 22 0. Myfreetaxes 64   57 5. Myfreetaxes 20   92 168. Myfreetaxes 75 23 0. Myfreetaxes 66   58 5. Myfreetaxes 66   93 186. Myfreetaxes 44 24 0. Myfreetaxes 68   59 6. Myfreetaxes 06   94 206. Myfreetaxes 70 25 0. Myfreetaxes 71   60 6. Myfreetaxes 51   95 228. Myfreetaxes 35 26 0. Myfreetaxes 73   61 7. Myfreetaxes 11   96 250. Myfreetaxes 01 27 0. Myfreetaxes 76   62 7. Myfreetaxes 96   97 265. Myfreetaxes 09 28 0. Myfreetaxes 80   63 9. Myfreetaxes 08   98 270. Myfreetaxes 11 29 0. Myfreetaxes 83   64 10. Myfreetaxes 41   99 281. Myfreetaxes 05 30 0. Myfreetaxes 87   65 11. Myfreetaxes 90       31 0. Myfreetaxes 90   66 13. Myfreetaxes 51       32 0. Myfreetaxes 93   67 15. Myfreetaxes 20       33 0. Myfreetaxes 96   68 16. Myfreetaxes 92       34 0. Myfreetaxes 98   69 18. Myfreetaxes 70                       If the current published premium rates per $1,000 of insurance protection charged by an insurer for individual 1-year term life insurance premiums available to all standard risks are lower than those in the preceding table, you can use the lower rates for figuring the cost of insurance in connection with individual policies issued by the same insurer. Myfreetaxes Example 1. Myfreetaxes Lynne Green, age 44, and her employer enter into a 403(b) plan that will provide her with a $500 a month annuity upon retirement at age 65. Myfreetaxes The agreement also provides that if she should die before retirement, her beneficiary will receive the greater of $20,000 or the cash surrender value in the life insurance contract. Myfreetaxes Using the facts presented we can determine the cost of Lynne's life insurance protection as shown in Table 3-1. Myfreetaxes Lynne's employer has included $28 for the cost of the life insurance protection in her current year's income. Myfreetaxes When figuring her includible compensation for this year, Lynne will subtract $28. Myfreetaxes Table 3-1. Myfreetaxes Worksheet A. Myfreetaxes Cost of Incidental Life Insurance Note. Myfreetaxes Use this worksheet to figure the cost of incidental life insurance included in your annuity contract. Myfreetaxes This amount will be used to figure includible compensation for your most recent year of service. Myfreetaxes 1. Myfreetaxes Enter the value of the contract (amount payable upon your death) 1. Myfreetaxes $20,000. Myfreetaxes 00 2. Myfreetaxes Enter the cash value in the contract at the end of the year 2. Myfreetaxes 0. Myfreetaxes 00 3. Myfreetaxes Subtract line 2 from line 1. Myfreetaxes This is the value of your current life insurance protection 3. Myfreetaxes $20,000. Myfreetaxes 00 4. Myfreetaxes Enter your age on your birthday nearest the beginning of the policy year 4. Myfreetaxes 44 5. Myfreetaxes Enter the 1-year term premium for $1,000 of life insurance based on your age. Myfreetaxes (From Figure 3-1) 5. Myfreetaxes $1. Myfreetaxes 40 6. Myfreetaxes Divide line 3 by $1,000 6. Myfreetaxes 20 7. Myfreetaxes Multiply line 6 by line 5. Myfreetaxes This is the cost of your incidental life insurance 7. Myfreetaxes $28. Myfreetaxes 00 Example 2. Myfreetaxes Lynne's cash value in the contract at the end of the second year is $1,000. Myfreetaxes In year two, the cost of Lynne's life insurance is calculated as shown in Table 3-2. Myfreetaxes In year two, Lynne's employer will include $29. Myfreetaxes 07 in her current year's income. Myfreetaxes Lynne will subtract this amount when figuring her includible compensation. Myfreetaxes Table 3-2. Myfreetaxes Worksheet A. Myfreetaxes Cost of Incidental Life Insurance Note. Myfreetaxes Use this worksheet to figure the cost of incidental life insurance included in your annuity contract. Myfreetaxes This amount will be used to figure includible compensation for your most recent year of service. Myfreetaxes 1. Myfreetaxes Enter the value of the contract (amount payable upon your death) 1. Myfreetaxes $20,000. Myfreetaxes 00 2. Myfreetaxes Enter the cash value in the contract at the end of the year 2. Myfreetaxes $1,000. Myfreetaxes 00 3. Myfreetaxes Subtract line 2 from line 1. Myfreetaxes This is the value of your current life insurance protection 3. Myfreetaxes $19,000. Myfreetaxes 00 4. Myfreetaxes Enter your age on your birthday nearest the beginning of the policy year 4. Myfreetaxes 45 5. Myfreetaxes Enter the 1-year term premium for $1,000 of life insurance based on your age. Myfreetaxes (From Figure 3-1) 5. Myfreetaxes $1. Myfreetaxes 53 6. Myfreetaxes Divide line 3 by $1,000 6. Myfreetaxes 19 7. Myfreetaxes Multiply line 6 by line 5. Myfreetaxes This is the cost of your incidental life insurance 7. Myfreetaxes $29. Myfreetaxes 07 Figuring Includible Compensation for Your Most Recent Year of Service You can use Worksheet B in chapter 9 to determine your includible compensation for your most recent year of service. Myfreetaxes Example. Myfreetaxes Floyd has been periodically working full-time for a local hospital since September 2011. Myfreetaxes He needs to figure his limit on annual additions for 2014. Myfreetaxes The hospital's normal annual work period for employees in Floyd's general type of work runs from January to December. Myfreetaxes During the periods that Floyd was employed with the hospital, the hospital has always been eligible to provide a 403(b) plan to employees. Myfreetaxes Additionally, the hospital has never provided the employees with a 457 deferred compensation plan, a transportation fringe benefit plan, or a cafeteria plan. Myfreetaxes Floyd has never worked abroad and there is no life insurance provided under the plan. Myfreetaxes Table 3-3 shows the service Floyd provided to his employer, his compensation for the periods worked, his elective deferrals, and his taxable wages. Myfreetaxes Table 3-3. Myfreetaxes Floyd's Compensation Note. Myfreetaxes This table shows information Floyd will use to figure includible compensation for his most recent year of service. Myfreetaxes   Year Years of Service Taxable Wages Elective Deferrals 2014 6/12 of  a year $42,000 $2,000 2013 4/12 of  a year $16,000 $1,650 2012 4/12 of  a year $16,000 $1,650 Before Floyd can figure his limit on annual additions, he must figure includible compensation for his most recent year of service. Myfreetaxes Because Floyd is not planning to work the entire 2014 year, his most recent year of service will include the time he is planning to work in 2014 plus time he worked in the preceding 3 years until the time he worked for the hospital totals 1 year. Myfreetaxes If the total time he worked is less than 1 year, Floyd will treat it as if it were 1 year. Myfreetaxes He figures his most recent year of service shown in the following list. Myfreetaxes Time he will work in 2014 is 6/12 of a year. Myfreetaxes Time worked in 2013 is 4/12 of a year. Myfreetaxes All of this time will be used to determine Floyd's most recent year of service. Myfreetaxes Time worked in 2012 is 4/12 of a year. Myfreetaxes Floyd only needs 2 months of the 4 months he worked in 2012 to have enough time to total 1 full year. Myfreetaxes Because he needs only one-half of the actual time he worked, Floyd will use only one-half of his income earned during that period to calculate wages that will be used in figuring his includible compensation. Myfreetaxes Using the information provided in Table 3-3, wages for Floyd's most recent year of service are $66,000 ($42,000 + $16,000 + $8,000). Myfreetaxes His includible compensation for his most recent year of service is figured as shown in Table 3-4. Myfreetaxes After figuring his includible compensation, Floyd determines his limit on annual additions for 2014 to be $52,000, the lesser of his includible compensation, $70,475 (Table 3-4), and the maximum amount of $52,000. Myfreetaxes Table 3-4. Myfreetaxes Worksheet B. Myfreetaxes Includible Compensation for Your Most Recent Year of Service1 Note. Myfreetaxes Use this worksheet to figure includible compensation for your most recent year of service. Myfreetaxes 1. Myfreetaxes Enter your includible wages from the employer maintaining your 403(b) account for your most recent year of service 1. Myfreetaxes $66,000 2. Myfreetaxes Enter elective deferrals excluded from your gross income for your most recent year of service2 2. Myfreetaxes 4,4753 3. Myfreetaxes Enter amounts contributed or deferred by your employer under a cafeteria plan for your most recent year of service 3. Myfreetaxes -0- 4. Myfreetaxes Enter amounts contributed or deferred by your employer according to your election to your 457 account (a nonqualified plan of a state or local government, or of a tax-exempt organization) for your most recent year of service 4. Myfreetaxes -0- 5. Myfreetaxes Enter pre-tax contributions (employer's contributions made on your behalf according to your election) to a qualified transportation fringe benefit plan for your most recent year of service 5. Myfreetaxes -0- 6. Myfreetaxes Enter your foreign earned income exclusion for your most recent year of service 6. Myfreetaxes -0- 7. Myfreetaxes Add lines 1, 2, 3, 4, 5, and 6 7. Myfreetaxes 70,475 8. Myfreetaxes Enter the cost of incidental life insurance that is part of your annuity contract for your most recent year of service 8. Myfreetaxes -0- 9. Myfreetaxes Enter compensation that was both: Earned during your most recent year of service, and Earned while your employer was not qualified to maintain a 403(b) plan 9. Myfreetaxes -0- 10. Myfreetaxes Add lines 8 and 9 10. Myfreetaxes -0- 11. Myfreetaxes Subtract line 10 from line 7. Myfreetaxes This is your includible compensation for your most recent year of service 11. Myfreetaxes 70,475 1Use estimated amounts if figuring includible compensation before the end of the year. Myfreetaxes 2Elective deferrals made to a designated Roth account are not excluded from your gross income and should not be included on this line. Myfreetaxes  3$4,475 ($2,000 + $1,650 + $825). Myfreetaxes Prev  Up  Next   Home   More Online Publications