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

Search Irs Gov Freefile

Amended Tax Return For 2012Can I File An Amended Tax ReturnFile 2011 Federal Taxes1040ez Forms 2013I Filed My Taxes WrongFree 2007 Tax Software1040x 2008Free 2010 Turbotax1040ez Tax Form 2012Amend 2013 Tax Return2005 Tax Return Online1040a 2012Tax Act 2012 Online1040 Tax FormHow Do I File 2011 Tax ReturnFile Taxes 2010 FreeIrs Forms 1040ez1040ez 2013 FormFiling Form 1040x ElectronicallyFile An Amended ReturnIrs Gov Free File Federal State TaxesVita IrsState Tax Filing Online For FreeH R Block Home 2012I Need To File 2012 TaxesIrs Tax AmendmentFree E Filing For State TaxesOnline 1040nr1040x Form For 2013Tax Forms 2008E-file State Tax Only1040ez CalculatorIrs Freefile1040 Estimated Tax FormTurbotax 2010 FreeIowa 1040x1040nr Online2011 Federal Income Tax Forms 1040 Ez1040 Ez Free FileHow Do I File 2012 Tax Return

Search Irs Gov Freefile

Search irs gov freefile 6. Search irs gov freefile   Catch-Up Contributions Table of Contents The most that can be contributed to your 403(b) account is the lesser of your limit on annual additions or your limit on elective deferrals. Search irs gov freefile If you will be age 50 or older by the end of the year, you may also be able to make additional catch-up contributions. Search irs gov freefile These additional contributions cannot be made with after-tax employee contributions. Search irs gov freefile You are eligible to make catch-up contributions if: You will have reached age 50 by the end of the year, and The maximum amount of elective deferrals that can be made to your 403(b) account have been made for the plan year. Search irs gov freefile The maximum amount of catch-up contributions is the lesser of: $5,500 for 2013 and unchanged for 2014, or The excess of your compensation for the year, over the elective deferrals that are not catch-up contributions. Search irs gov freefile Figuring catch-up contributions. Search irs gov freefile   When figuring allowable catch-up contributions, combine all catch-up contributions made by your employer on your behalf to the following plans. Search irs gov freefile Qualified retirement plans. Search irs gov freefile (To determine if your plan is a qualified plan, ask your plan administrator. Search irs gov freefile ) 403(b) plans. Search irs gov freefile Simplified employee pension (SEP) plans. Search irs gov freefile SIMPLE plans. Search irs gov freefile   The total amount of the catch-up contributions on your behalf to all plans maintained by your employer cannot be more than the annual limit. Search irs gov freefile For 2013 the limit is $5,500, unchanged for 2014. Search irs gov freefile    If you are eligible for both the 15-year rule increase in elective deferrals and the age 50 catch-up, allocate amounts first under the 15-year rule and next as an age 50 catch-up. Search irs gov freefile    Catch-up contributions do not affect your MAC. Search irs gov freefile Therefore, the maximum amount that you are allowed to have contributed to your 403(b) account is your MAC plus your allowable catch-up contribution. Search irs gov freefile You can use Worksheet C in chapter 9 to figure your limit on catch-up contributions. Search irs gov freefile Prev  Up  Next   Home   More Online Publications
Print - Click this link to Print this page

Phone Forums - Retirement Plans

Free phone forums featuring IRS employees discussing retirement plan topics.

Upcoming Phone Forums

Check back for upcoming phone forums.


Continuing Education (CE) Credits

  • Enrolled Agents and Enrolled Retirement Plan Agents may earn CE credit for attending the entire phone forum. The forum is also intended to meet the CE requirements for Enrolled Actuaries, but the final decision rests with the Joint Board for the Enrollment of Actuaries. Other professional groups should consult with their licensing agencies regarding CE credit.
  • Participants must register individually and use their own assigned User ID to receive CE credit.
  • Each participant must use an individual phone line to establish attendance and the length of time attending the forum.
  • A Certificate of Completion will be emailed to the participants who meet the attendance requirement about a week after the forum.
  • Interested in other opportunities to earn free CE credits?

If you have question(s), please contact us at ep.phoneforum@irs.gov.



Recently Held Phone Forums

An Overview of the 2013 Cumulative List of Changes in Plan Qualification- March 13, 2014 - Discussed the list of changes plan sponsors and practitioners must make to a plan before submitting determination letter applications beginning February 1, 2014 (Notice 2013-84). 
Handouts: An Overview of the 2013 Cumulative List of Changes in Plan Qualification presentation and Notice 2013-84

Upcoming Employee Plans Guidance Phone Forum - February 26, 2014 (scheduled previously for October 29, 2013) - Reviewed retirement benefit items on the 2013-2014 Priority Guidance Plan released on August 9 and other projects in EP Technical Guidance.
Handout: Employee Plans Technical Guidance

Ethical Standards of Employee Benefits Practice – What to Ask and Say to Clients, and What to Tell the IRS - January 29, 2014 (rebroadcast February 6, 2014) - Discussed an employee benefits practitioner’s ethical standards of conduct under Circular 230 for communications with clients and the IRS. 
Handout: Ethical Standards for Employee Benefits Practitioners

The Employee Plans Team Audit Program - November 21, 2013 -(transcript) - Discussed EPTA, our large case audit program. 
Handout: The Employee Plans Team Audit Program Presentation

How to prepare for an IRS Employee Plans Audit - August 29, 2013 - Two Sessions - Discussed latest information about the Employee Plans Examinations process.
Handout: Tools to Prepare for an Audit presentation

The Importance of Good Internal Controls - August 8, 2013 - (transcript) - Discussed how effective internal controls are essential to preventing costly mistakes that could jeopardize a retirement plan’s tax-favored status.
Handout: The Importance of Good Internal Controls presentation

EPCRS: Correcting 401(k) Plan Mistakes – Two Sessions - July 25, 2013 - (transcript) - Discussed correcting common 401(k) plan mistakes under EPCRS Revenue Procedure 2013-12, and how to find, fix and avoid them.
Handout: EPCRS: Correcting 401(k) Plan Mistakes presentation

What You Need to Know about the 403(b) Pre-Approved Plan Program - June 25, 2013 - (audio) - Discussed the upcoming 403(b) Pre-Approved Plan Program outlined in Revenue Procedure 2013-22.
Handout: 403(b) Pre-Approved Plan Program Presentation

403(b) Corrections and Examination Trends - May 23, 2013 - (audio) Discussed Revenue Procedure 2013-12 including guidance on correcting 403(b) plan failures and updates to the Employee Plans Compliance Resolution System.
Handout: 403(b) Plan Correction Issues Presentation

What You Need to Know About the IRS Final 401(k) Questionnaire Report and Next Steps - May 13, 2013 - Discussed significant findings and next steps (including outreach, guidance and compliance projects) and a new self-audit tool to help 401(k) plan sponsors avoid costly mistakes. 
Handout: Final 401(k) Questionnaire Report Presentation (Updated)

Defined Benefit Plan Update - April 23, 2013 - (transcript) - Discussed recent developments affecting defined benefit plans.
Handout: Defined Benefit Plan Update Presentation

International Issues Involving Retirement Plans in U.S. Territories  - March 21, 2013 - Discussed audit results and recurring issues of retirement plans in U.S. Territories, and Employee Plans’ 2013 fiscal year strategies and operating priorities.
Handout: International Issues Involving Retirement Plans in U.S. Territories Presentation

Overview of the 2012 Cumulative List of Plan Qualification Changes - February 28, 2013 - (audio) - Discussed the list of plan changes to by plan sponsors and practitioners submitting determination letter applications during the period beginning February 1, 2013 (Notice 2012-76).
Handout: Overview of the 2012 Cumulative List of Plan Qualification Changes Presentation

Employee Plans Compliance Resolution System Changes - February 21, 2013 - Session #1 & 2 - (audio) - Discussed Revenue Procedure 2013-12 and the various changes to the IRS correction programs.
Handout: EPCRS Changes Presentation

Ethical Standards for and Accountability of Practitioners Offering Tax Advice Relating to Employee Benefit Plans - February 13, 2013 (audio) - Discussed professional standards of conduct applicable to, and the accountability of, individuals that provide tax advice relating to employee benefit plans.  
Handout: Ethical Standards Presentation

Retirement plans can make loans, hardship distributions to Sandy victims - December 11, 2012 (audio)- Discussed Announcement 2012-44 and the options available to employees their families and plan sponsors.
Handout: Hurricane Sandy Relief Presentation

MAP-21: Changes to Segment Rates - September 27, 2012 - (audio) - Discussed the Moving Ahead for Progress in the 21st Century Act (MAP-21) and recently released related guidance.
Handout: MAP-21 Presentation

EPCRS: Correction of 401(k) Plan Mistakes (September 7, 2012) - (audio) - How to correct common mistakes in 401(k) plans.
Handouts: Correction Methods for 401(k) Failures Presentation

Lifetime Annuity Guidance (August 28, 2012) (Audio and Transcript) - Guidance designed to encourage lifetime annuity options for retirees. The presentation included Revenue Ruling 2012-3, Revenue Ruling 2012-4, and proposed regulations under sections 401(a)(9) and 417(e)(3) of the Code.
Handout: Lifetime Annuity Guidance Presentation

Operating Under the Written Plan Requirements and Common Issues Identified in 403(b) Plans (June 12, 2012) (transcript)- Frequent questions pertaining to the 403(b) written plan requirements and how the IRS is approaching the written plan requirement under audit.
Handouts: Operating Under the Written Plan Requirements and Common Issues Identified in 403(b) Plans Presentation

Governmental Plan Proposed Guidance (May 15, 2012) (transcript) - Proposed drafts of the general guidance on possible standards for determining if a retirement plan is a governmental plan under IRC section 414(d).

Indian Tribal Government Retirement Plans (April 24, 2012) - Possible standards for determining whether a plan of an Indian Tribal Government is a governmental plan within the meaning of section 414(d) of the Code.

EP Determination Letter Program Update (March 30, 2012) (transcript) - Important changes to the Employee Plans determination letter program.
Handout: EP Determination Letter Program Update Presentation

401(k) Questionnaire Interim Report IRS Phone Forum (March 6, 2012) (transcript) - 401(k) Questionnaire Interim Report, its next steps, and current issues.
Handout: 401(k) Questionnaire Interim Report Presentation

Funding-Based Benefit Restrictions - (February 23, 2012) (transcript)- funding-based benefit restrictions under IRC section 436.
Handout: Funding-Based Benefit Restrictions Presentation

Self Correction Program (SCP) and Closing Agreement Program (CAP) (November 30, 2011) (transcript) - current EPCRS issues, procedures and CAP sanctions
Handout: SCP and CAP Presentation

Determination Letter Issues Regarding Employee Stock Ownership Plans (October 28, 2011) (transcript) - technical issues affecting ESOPs and recurring issues noted in ESOP determination letter submissions
Handout: Determination Letter Issues Regarding Employee Stock Ownership Plans Presentation

Current Developments and Issues from the office of Employee Plans Rulings and Agreements (September 21, 2011) (transcript) - technical guidance hot topics and voluntary compliance applications
Handout: Current Developments and Issues Presentation

Participant Loans (September 12, 2011) (transcript) - treatment of loans as distributions, taxability and IRC §4975
Handout: Participants Loans Presentation
Helpful Links: The Fix Is In: Common Plan Mistakes - Participant Loans in 401(k) Plans; The Fix Is In: Common Plan Mistakes - Plan Loan Failures and Deemed Distributions;  Retirement Plans FAQs regarding Loans

EPCRS: Plan Correction Issues (August 25, 2011)  (transcript) - recurring issues found in EPCRS and tips to avoid common mistakes
Handout: EPCRS: Plan Correction Issues Presentation

Ethics for Employee Plans Practitioners (July 29, 2011) (transcript)- ethical standards of practice before the IRS applicable to employee benefits practitioners
Handout: Ethics for Employee Plans Practitioners Presentation

Funding Standards and Relief for Single and Multiemployer Plans (April 28, 2011) (transcript) - funding standards applicable to single and multiemployer pension plans
Handout: Funding Standards Presentation

Form 5330 - Completion and Processing Tidbits (March 24, 2011) (transcript) - proper completion and processing of the Form 5330, along with ways to avoid common mistakes
Handouts:

EP Technical Guidance (March 4, 2011) (transcript) - recent published guidance and updates on current IRS initiatives
Handout: EP Technical Guidance Presentation

In-Plan Roth Rollover Phone Forum (December 20, 2010) (Transcript) - recent guidance on in-plan Roth rollovers for 401(k) and 403(b) plans
Handout: In-Plan Roth Rollover Phone Forum Presentation

Hybrid Plans (November 23, 2010) (Transcript) - new hybrid plan regulations
Handouts:

Page Last Reviewed or Updated: 14-Mar-2014

The Search Irs Gov Freefile

Search irs gov freefile 28. Search irs gov freefile   Miscellaneous Deductions Table of Contents What's New Introduction Useful Items - You may want to see: Deductions Subject to the 2% LimitUnreimbursed Employee Expenses (Line 21) Tax Preparation Fees (Line 22) Other Expenses (Line 23) Deductions Not Subject to the 2% LimitList of Deductions Nondeductible ExpensesList of Nondeductible Expenses What's New Standard mileage rate. Search irs gov freefile  The 2013 rate for business use of a vehicle is 56½ cents per mile. Search irs gov freefile Introduction This chapter explains which expenses you can claim as miscellaneous itemized deductions on Schedule A (Form 1040). Search irs gov freefile You must reduce the total of most miscellaneous itemized deductions by 2% of your adjusted gross income. Search irs gov freefile This chapter covers the following topics. Search irs gov freefile Deductions subject to the 2% limit. Search irs gov freefile Deductions not subject to the 2% limit. Search irs gov freefile Expenses you cannot deduct. Search irs gov freefile You must keep records to verify your deductions. Search irs gov freefile You should keep receipts, canceled checks, substitute checks, financial account statements, and other documentary evidence. Search irs gov freefile For more information on recordkeeping, get Publication 552, Record- keeping for Individuals. Search irs gov freefile Useful Items - You may want to see: Publication 463 Travel, Entertainment, Gift, and Car Expenses 525 Taxable and Nontaxable Income 529 Miscellaneous Deductions 535 Business Expenses 587 Business Use of Your Home (Including Use by Daycare Providers) 946 How To Depreciate Property Form (and Instructions) Schedule A (Form 1040) Itemized Deductions 2106 Employee Business Expenses 2106-EZ Unreimbursed Employee Business Expenses Deductions Subject to the 2% Limit You can deduct certain expenses as miscellaneous itemized deductions on Schedule A (Form 1040). Search irs gov freefile You can claim the amount of expenses that is more than 2% of your adjusted gross income. Search irs gov freefile You figure your deduction on Schedule A by subtracting 2% of your adjusted gross income from the total amount of these expenses. Search irs gov freefile Your adjusted gross income is the amount on Form 1040, line 38. Search irs gov freefile Generally, you apply the 2% limit after you apply any other deduction limit. Search irs gov freefile For example, you apply the 50% (or 80%) limit on business-related meals and entertainment (discussed in chapter 26) before you apply the 2% limit. Search irs gov freefile Deductions subject to the 2% limit are discussed in the three categories in which you report them on Schedule A (Form 1040). Search irs gov freefile Unreimbursed employee expenses (line 21). Search irs gov freefile Tax preparation fees (line 22). Search irs gov freefile Other expenses (line 23). Search irs gov freefile Unreimbursed Employee Expenses (Line 21) Generally, you can deduct on Schedule A (Form 1040), line 21, unreimbursed employee expenses that are: Paid or incurred during your tax year, For carrying on your trade or business of being an employee, and Ordinary and necessary. Search irs gov freefile An expense is ordinary if it is common and accepted in your trade, business, or profession. Search irs gov freefile An expense is necessary if it is appropriate and helpful to your business. Search irs gov freefile An expense does not have to be required to be considered necessary. Search irs gov freefile Examples of unreimbursed employee expenses are listed next. Search irs gov freefile The list is followed by discussions of additional unreimbursed employee expenses. Search irs gov freefile Business bad debt of an employee. Search irs gov freefile Education that is work related. Search irs gov freefile (See chapter 27. Search irs gov freefile ) Legal fees related to your job. Search irs gov freefile Licenses and regulatory fees. Search irs gov freefile Malpractice insurance premiums. Search irs gov freefile Medical examinations required by an employer. Search irs gov freefile Occupational taxes. Search irs gov freefile Passport for a business trip. Search irs gov freefile Subscriptions to professional journals and trade magazines related to your work. Search irs gov freefile Travel, transportation, entertainment, and gifts related to your work. Search irs gov freefile (See chapter 26. Search irs gov freefile ) Business Liability Insurance You can deduct insurance premiums you paid for protection against personal liability for wrongful acts on the job. Search irs gov freefile Damages for Breach of Employment Contract If you break an employment contract, you can deduct damages you pay your former employer that are attributable to the pay you received from that employer. Search irs gov freefile Depreciation on Computers You can claim a depreciation deduction for a computer that you use in your work as an employee if its use is: For the convenience of your employer, and Required as a condition of your employment. Search irs gov freefile For more information about the rules and exceptions to the rules affecting the allowable deductions for a home computer, see Publication 529. Search irs gov freefile Dues to Chambers of Commerce and Professional Societies You may be able to deduct dues paid to professional organizations (such as bar associations and medical associations) and to chambers of commerce and similar organizations, if membership helps you carry out the duties of your job. Search irs gov freefile Similar organizations include: Boards of trade, Business leagues, Civic or public service organizations, Real estate boards, and Trade associations. Search irs gov freefile Lobbying and political activities. Search irs gov freefile   You may not be able to deduct that part of your dues that is for certain lobbying and political activities. Search irs gov freefile See Dues used for lobbying under Nondeductible Expenses, later. Search irs gov freefile Educator Expenses If you were an eligible educator in 2013, you can deduct up to $250 of qualified expenses you paid in 2013 as an adjustment to gross income on Form 1040, line 23, rather than as a miscellaneous itemized deduction. Search irs gov freefile If you file Form 1040A, you can deduct these expenses on line 16. Search irs gov freefile If you and your spouse are filing jointly and both of you were eligible educators, the maximum deduction is $500. Search irs gov freefile However, neither spouse can deduct more than $250 of his or her qualified expenses. Search irs gov freefile Home Office If you use a part of your home regularly and exclusively for business purposes, you may be able to deduct a part of the operating expenses and depreciation of your home. Search irs gov freefile You can claim this deduction for the business use of a part of your home only if you use that part of your home regularly and exclusively: As your principal place of business for any trade or business, As a place to meet or deal with your patients, clients, or customers in the normal course of your trade or business, or In the case of a separate structure not attached to your home, in connection with your trade or business. Search irs gov freefile The regular and exclusive business use must be for the convenience of your employer and not just appropriate and helpful in your job. Search irs gov freefile See Publication 587 for more detailed information and a worksheet. Search irs gov freefile Job Search Expenses You can deduct certain expenses you have in looking for a new job in your present occupation, even if you do not get a new job. Search irs gov freefile You cannot deduct these expenses if: You are looking for a job in a new occupation, There was a substantial break between the ending of your last job and your looking for a new one, or You are looking for a job for the first time. Search irs gov freefile Employment and outplacement agency fees. Search irs gov freefile   You can deduct employment and outplacement agency fees you pay in looking for a new job in your present occupation. Search irs gov freefile Employer pays you back. Search irs gov freefile   If, in a later year, your employer pays you back for employment agency fees, you must include the amount you receive in your gross income up to the amount of your tax benefit in the earlier year. Search irs gov freefile (See Recoveries in chapter 12. Search irs gov freefile ) Employer pays the employment agency. Search irs gov freefile   If your employer pays the fees directly to the employment agency and you are not responsible for them, you do not include them in your gross income. Search irs gov freefile Résumé. Search irs gov freefile   You can deduct amounts you spend for preparing and mailing copies of a résumé to prospective employers if you are looking for a new job in your present occupation. Search irs gov freefile Travel and transportation expenses. Search irs gov freefile   If you travel to an area and, while there, you look for a new job in your present occupation, you may be able to deduct travel expenses to and from the area. Search irs gov freefile You can deduct the travel expenses if the trip is primarily to look for a new job. Search irs gov freefile The amount of time you spend on personal activity compared to the amount of time you spend in looking for work is important in determining whether the trip is primarily personal or is primarily to look for a new job. Search irs gov freefile   Even if you cannot deduct the travel expenses to and from an area, you can deduct the expenses of looking for a new job in your present occupation while in the area. Search irs gov freefile   You can choose to use the standard mileage rate to figure your car expenses. Search irs gov freefile The 2013 rate for business use of a vehicle is 56½ cents per mile. Search irs gov freefile See chapter 26 for more information. Search irs gov freefile Licenses and Regulatory Fees You can deduct the amount you pay each year to state or local governments for licenses and regulatory fees for your trade, business, or profession. Search irs gov freefile Occupational Taxes You can deduct an occupational tax charged at a flat rate by a locality for the privilege of working or conducting a business in the locality. Search irs gov freefile If you are an employee, you can claim occupational taxes only as a miscellaneous deduction subject to the 2% limit; you cannot claim them as a deduction for taxes elsewhere on your return. Search irs gov freefile Repayment of Income Aid Payment An “income aid payment” is one that is received under an employer's plan to aid employees who lose their jobs because of lack of work. Search irs gov freefile If you repay a lump-sum income aid payment that you received and included in income in an earlier year, you can deduct the repayment. Search irs gov freefile Research Expenses of a College Professor If you are a college professor, you can deduct research expenses, including travel expenses, for teaching, lecturing, or writing and publishing on subjects that relate directly to your teaching duties. Search irs gov freefile You must have undertaken the research as a means of carrying out the duties expected of a professor and without expectation of profit apart from salary. Search irs gov freefile However, you cannot deduct the cost of travel as a form of education. Search irs gov freefile Tools Used in Your Work Generally, you can deduct amounts you spend for tools used in your work if the tools wear out and are thrown away within 1 year from the date of purchase. Search irs gov freefile You can depreciate the cost of tools that have a useful life substantially beyond the tax year. Search irs gov freefile For more information about depreciation, see Publication 946. Search irs gov freefile Union Dues and Expenses You can deduct dues and initiation fees you pay for union membership. Search irs gov freefile You can also deduct assessments for benefit payments to unemployed union members. Search irs gov freefile However, you cannot deduct the part of the assessments or contributions that provides funds for the payment of sick, accident, or death benefits. Search irs gov freefile Also, you cannot deduct contributions to a pension fund, even if the union requires you to make the contributions. Search irs gov freefile You may not be able to deduct amounts you pay to the union that are related to certain lobbying and political activities. Search irs gov freefile See Lobbying Expenses under Nondeductible Expenses, later. Search irs gov freefile Work Clothes and Uniforms You can deduct the cost and upkeep of work clothes if the following two requirements are met. Search irs gov freefile You must wear them as a condition of your employment. Search irs gov freefile The clothes are not suitable for everyday wear. Search irs gov freefile It is not enough that you wear distinctive clothing. Search irs gov freefile The clothing must be specifically required by your employer. Search irs gov freefile Nor is it enough that you do not, in fact, wear your work clothes away from work. Search irs gov freefile The clothing must not be suitable for taking the place of your regular clothing. Search irs gov freefile Examples of workers who may be able to deduct the cost and upkeep of work clothes are: delivery workers, firefighters, health care workers, law enforcement officers, letter carriers, professional athletes, and transportation workers (air, rail, bus, etc. Search irs gov freefile ). Search irs gov freefile Musicians and entertainers can deduct the cost of theatrical clothing and accessories that are not suitable for everyday wear. Search irs gov freefile However, work clothing consisting of white cap, white shirt or white jacket, white bib overalls, and standard work shoes, which a painter is required by his union to wear on the job, is not distinctive in character or in the nature of a uniform. Search irs gov freefile Similarly, the costs of buying and maintaining blue work clothes worn by a welder at the request of a foreman are not deductible. Search irs gov freefile Protective clothing. Search irs gov freefile   You can deduct the cost of protective clothing required in your work, such as safety shoes or boots, safety glasses, hard hats, and work gloves. Search irs gov freefile   Examples of workers who may be required to wear safety items are: carpenters, cement workers, chemical workers, electricians, fishing boat crew members, machinists, oil field workers, pipe fitters, steamfitters, and truck drivers. Search irs gov freefile Military uniforms. Search irs gov freefile   You generally cannot deduct the cost of your uniforms if you are on full-time active duty in the armed forces. Search irs gov freefile However, if you are an armed forces reservist, you can deduct the unreimbursed cost of your uniform if military regulations restrict you from wearing it except while on duty as a reservist. Search irs gov freefile In figuring the deduction, you must reduce the cost by any nontaxable allowance you receive for these expenses. Search irs gov freefile   If local military rules do not allow you to wear fatigue uniforms when you are off duty, you can deduct the amount by which the cost of buying and keeping up these uniforms is more than the uniform allowance you receive. Search irs gov freefile   You can deduct the cost of your uniforms if you are a civilian faculty or staff member of a military school. Search irs gov freefile Tax Preparation Fees (Line 22) You can usually deduct tax preparation fees in the year you pay them. Search irs gov freefile Thus, on your 2013 return, you can deduct fees paid in 2013 for preparing your 2012 return. Search irs gov freefile These fees include the cost of tax preparation software programs and tax publications. Search irs gov freefile They also include any fee you paid for electronic filing of your return. Search irs gov freefile Other Expenses (Line 23) You can deduct certain other expenses as miscellaneous itemized deductions subject to the 2% limit. Search irs gov freefile On Schedule A (Form 1040), line 23, you can deduct expenses that you pay: To produce or collect income that must be included in your gross income, To manage, conserve, or maintain property held for producing such income, or To determine, contest, pay, or claim a refund of any tax. Search irs gov freefile You can deduct expenses you pay for the purposes in (1) and (2) above only if they are reasonably and closely related to these purposes. Search irs gov freefile Some of these other expenses are explained in the following discussions. Search irs gov freefile If the expenses you pay produce income that is only partially taxable, see Tax-Exempt Income Expenses , later, under Nondeductible Expenses. Search irs gov freefile Appraisal Fees You can deduct appraisal fees if you pay them to figure a casualty loss or the fair market value of donated property. Search irs gov freefile Casualty and Theft Losses You can deduct a casualty or theft loss as a miscellaneous itemized deduction subject to the 2% limit if you used the damaged or stolen property in performing services as an employee. Search irs gov freefile First report the loss in Section B of Form 4684, Casualties and Thefts. Search irs gov freefile You may also have to include the loss on Form 4797, Sales of Business Property, if you are otherwise required to file that form. Search irs gov freefile To figure your deduction, add all casualty or theft losses from this type of property included on Form 4684, lines 32 and 38b, or Form 4797, line 18a. Search irs gov freefile For other casualty and theft losses, see chapter 25. Search irs gov freefile Clerical Help and Office Rent You can deduct office expenses, such as rent and clerical help, that you have in connection with your investments and collecting the taxable income on them. Search irs gov freefile Credit or Debit Card Convenience Fees You can deduct the convenience fee charged by the card processor for paying your income tax (including estimated tax payments) by credit or debit card. Search irs gov freefile The fees are deductible in the year paid. Search irs gov freefile Depreciation on Home Computer You can deduct depreciation on your home computer if you use it to produce income (for example, to manage your investments that produce taxable income). Search irs gov freefile You generally must depreciate the computer using the straight line method over the Alternative Depreciation System (ADS) recovery period. Search irs gov freefile But if you work as an employee and also use the computer in that work, see Publication 946. Search irs gov freefile Excess Deductions of an Estate If an estate's total deductions in its last tax year are more than its gross income for that year, the beneficiaries succeeding to the estate's property can deduct the excess. Search irs gov freefile Do not include deductions for the estate's personal exemption and charitable contributions when figuring the estate's total deductions. Search irs gov freefile The beneficiaries can claim the deduction only for the tax year in which, or with which, the estate terminates, whether the year of termination is a normal year or a short tax year. Search irs gov freefile For more information, see Termination of Estate in Publication 559, Survivors, Executors, and Administrators. Search irs gov freefile Fees to Collect Interest and Dividends You can deduct fees you pay to a broker, bank, trustee, or similar agent to collect your taxable bond interest or dividends on shares of stock. Search irs gov freefile But you cannot deduct a fee you pay to a broker to buy investment property, such as stocks or bonds. Search irs gov freefile You must add the fee to the cost of the property. Search irs gov freefile You cannot deduct the fee you pay to a broker to sell securities. Search irs gov freefile You can use the fee only to figure gain or loss from the sale. Search irs gov freefile See the Instructions for Form 8949 for information on how to report the fee. Search irs gov freefile Hobby Expenses You can generally deduct hobby expenses, but only up to the amount of hobby income. Search irs gov freefile A hobby is not a business because it is not carried on to make a profit. Search irs gov freefile See Activity not for profit in chapter 12 under Other Income. Search irs gov freefile Indirect Deductions of Pass-Through Entities Pass-through entities include partnerships, S corporations, and mutual funds that are not publicly offered. Search irs gov freefile Deductions of pass-through entities are passed through to the partners or shareholders. Search irs gov freefile The partners or shareholders can deduct their share of passed-through deductions for investment expenses as miscellaneous itemized deductions subject to the 2% limit. Search irs gov freefile Example. Search irs gov freefile You are a member of an investment club that is formed solely to invest in securities. Search irs gov freefile The club is treated as a partnership. Search irs gov freefile The partnership's income is solely from taxable dividends, interest, and gains from sales of securities. Search irs gov freefile In this case, you can deduct your share of the partnership's operating expenses as miscellaneous itemized deductions subject to the 2% limit. Search irs gov freefile However, if the investment club partnership has investments that also produce nontaxable income, you cannot deduct your share of the partnership's expenses that produce the nontaxable income. Search irs gov freefile Publicly offered mutual funds. Search irs gov freefile   Publicly offered mutual funds do not pass deductions for investment expenses through to shareholders. Search irs gov freefile A mutual fund is “publicly offered” if it is: Continuously offered pursuant to a public offering, Regularly traded on an established securities market, or Held by or for at least 500 persons at all times during the tax year. Search irs gov freefile   A publicly offered mutual fund will send you a Form 1099-DIV, Dividends and Distributions, or a substitute form, showing the net amount of dividend income (gross dividends minus investment expenses). Search irs gov freefile This net figure is the amount you report on your return as income. Search irs gov freefile You cannot further deduct investment expenses related to publicly offered mutual funds because they are already included as part of the net income amount. Search irs gov freefile Information returns. Search irs gov freefile   You should receive information returns from pass-through entities. Search irs gov freefile Partnerships and S corporations. Search irs gov freefile   These entities issue Schedule K-1, which lists the items and amounts you must report and identifies the tax return schedules and lines to use. Search irs gov freefile Nonpublicly offered mutual funds. Search irs gov freefile   These funds will send you a Form 1099-DIV, Dividends and Distributions, or a substitute form, showing your share of gross income and investment expenses. Search irs gov freefile You can claim the expenses only as a miscellaneous itemized deduction subject to the 2% limit. Search irs gov freefile Investment Fees and Expenses You can deduct investment fees, custodial fees, trust administration fees, and other expenses you paid for managing your investments that produce taxable income. Search irs gov freefile Legal Expenses You can usually deduct legal expenses that you incur in attempting to produce or collect taxable income or that you pay in connection with the determination, collection, or refund of any tax. Search irs gov freefile You can also deduct legal expenses that are: Related to either doing or keeping your job, such as those you paid to defend yourself against criminal charges arising out of your trade or business, For tax advice related to a divorce, if the bill specifies how much is for tax advice and it is determined in a reasonable way, or To collect taxable alimony. Search irs gov freefile You can deduct expenses of resolving tax issues relating to profit or loss from business (Schedule C or C-EZ), rentals or royalties (Schedule E), or farm income and expenses (Schedule F), on the appropriate schedule. Search irs gov freefile You deduct expenses of resolving nonbusiness tax issues on Schedule A (Form 1040). Search irs gov freefile See Tax Preparation Fees , earlier. Search irs gov freefile Loss on Deposits For information on whether, and if so, how, you may deduct a loss on your deposit in a qualified financial institution, see Loss on Deposits in chapter 25. Search irs gov freefile Repayments of Income If you had to repay an amount that you included in income in an earlier year, you may be able to deduct the amount you repaid. Search irs gov freefile If the amount you had to repay was ordinary income of $3,000 or less, the deduction is subject to the 2% limit. Search irs gov freefile If it was more than $3,000, see Repayments Under Claim of Right under Deductions Not Subject to the 2% Limit, later. Search irs gov freefile Repayments of Social Security Benefits For information on how to deduct your repayments of certain social security benefits, see Repayments More Than Gross Benefits in chapter 11. Search irs gov freefile Safe Deposit Box Rent You can deduct safe deposit box rent if you use the box to store taxable income-producing stocks, bonds, or investment-related papers and documents. Search irs gov freefile You cannot deduct the rent if you use the box only for jewelry, other personal items, or tax-exempt securities. Search irs gov freefile Service Charges on Dividend Reinvestment Plans You can deduct service charges you pay as a subscriber in a dividend reinvestment plan. Search irs gov freefile These service charges include payments for: Holding shares acquired through a plan, Collecting and reinvesting cash dividends, and Keeping individual records and providing detailed statements of accounts. Search irs gov freefile Trustee's Administrative Fees for IRA Trustee's administrative fees that are billed separately and paid by you in connection with your individual retirement arrangement (IRA) are deductible (if they are ordinary and necessary) as a miscellaneous itemized deduction subject to the 2% limit. Search irs gov freefile For more information about IRAs, see chapter 17. Search irs gov freefile Deductions Not Subject to the 2% Limit You can deduct the items listed below as miscellaneous itemized deductions. Search irs gov freefile They are not subject to the 2% limit. Search irs gov freefile Report these items on Schedule A (Form 1040), line 28. Search irs gov freefile List of Deductions Each of the following items is discussed in detail after the list (except where indicated). Search irs gov freefile Amortizable premium on taxable bonds. Search irs gov freefile Casualty and theft losses from income- producing property. Search irs gov freefile Federal estate tax on income in respect of a decedent. Search irs gov freefile Gambling losses up to the amount of gambling winnings. Search irs gov freefile Impairment-related work expenses of persons with disabilities. Search irs gov freefile Loss from other activities from Schedule K-1 (Form 1065-B), box 2. Search irs gov freefile Losses from Ponzi-type investment schemes. Search irs gov freefile See Losses from Ponzi-type investment schemes under Theft in chapter 25. Search irs gov freefile Repayments of more than $3,000 under a claim of right. Search irs gov freefile Unrecovered investment in an annuity. Search irs gov freefile Amortizable Premium on Taxable Bonds In general, if the amount you pay for a bond is greater than its stated principal amount, the excess is bond premium. Search irs gov freefile You can elect to amortize the premium on taxable bonds. Search irs gov freefile The amortization of the premium is generally an offset to interest income on the bond rather than a separate deduction item. Search irs gov freefile Part of the premium on some bonds may be a miscellaneous deduction not subject to the 2% limit. Search irs gov freefile For more information, see Amortizable Premium on Taxable Bonds in Publication 529, and Bond Premium Amortization in chapter 3 of Publication 550, Investment Income and Expenses. Search irs gov freefile Casualty and Theft Losses of Income-Producing Property You can deduct a casualty or theft loss as a miscellaneous itemized deduction not subject to the 2% limit if the damaged or stolen property was income-producing property (property held for investment, such as stocks, notes, bonds, gold, silver, vacant lots, and works of art). Search irs gov freefile First, report the loss in Form 4684, Section B. Search irs gov freefile You may also have to include the loss on Form 4797, Sales of Business Property if you are otherwise required to file that form. Search irs gov freefile To figure your deduction, add all casualty or theft losses from this type of property included on Form 4684, lines 32 and 38b, or Form 4797, line 18a. Search irs gov freefile For more information on casualty and theft losses, see chapter 25. Search irs gov freefile Federal Estate Tax on Income in Respect of a Decedent You can deduct the federal estate tax attributable to income in respect of a decedent that you as a beneficiary include in your gross income. Search irs gov freefile Income in respect of the decedent is gross income that the decedent would have received had death not occurred and that was not properly includible in the decedent's final income tax return. Search irs gov freefile See Publication 559 for more information. Search irs gov freefile Gambling Losses Up to the Amount of Gambling Winnings You must report the full amount of your gambling winnings for the year on Form 1040, line 21. Search irs gov freefile You deduct your gambling losses for the year on Schedule A (Form 1040), line 28. Search irs gov freefile You cannot deduct gambling losses that are more than your winnings. Search irs gov freefile You cannot reduce your gambling winnings by your gambling losses and report the difference. Search irs gov freefile You must report the full amount of your winnings as income and claim your losses (up to the amount of winnings) as an itemized deduction. Search irs gov freefile Therefore, your records should show your winnings separately from your losses. Search irs gov freefile Diary of winnings and losses. Search irs gov freefile You must keep an accurate diary or similar record of your losses and winnings. Search irs gov freefile Your diary should contain at least the following information. Search irs gov freefile The date and type of your specific wager or wagering activity. Search irs gov freefile The name and address or location of the gambling establishment. Search irs gov freefile The names of other persons present with you at the gambling establishment. Search irs gov freefile The amount(s) you won or lost. Search irs gov freefile See Publication 529 for more information. Search irs gov freefile Impairment-Related Work Expenses If you have a physical or mental disability that limits your being employed, or substantially limits one or more of your major life activities, such as performing manual tasks, walking, speaking, breathing, learning, and working, you can deduct your impairment-related work expenses. Search irs gov freefile Impairment-related work expenses are ordinary and necessary business expenses for attendant care services at your place of work and for other expenses in connection with your place of work that are necessary for you to be able to work. Search irs gov freefile Self-employed. Search irs gov freefile   If you are self-employed, enter your impairment-related work expenses on the appropriate form (Schedule C, C-EZ, E, or F) used to report your business income and expenses. Search irs gov freefile Loss From Other Activities From Schedule K-1 (Form 1065-B), Box 2 If the amount reported in Schedule K-1 (Form 1065-B), box 2, is a loss, report it on Schedule A (Form 1040), line 28. Search irs gov freefile It is not subject to the passive activity limitations. Search irs gov freefile Repayments Under Claim of Right If you had to repay more than $3,000 that you included in your income in an earlier year because at the time you thought you had an unrestricted right to it, you may be able to deduct the amount you repaid or take a credit against your tax. Search irs gov freefile See Repayments in chapter 12 for more information. Search irs gov freefile Unrecovered Investment in Annuity A retiree who contributed to the cost of an annuity can exclude from income a part of each payment received as a tax-free return of the retiree's investment. Search irs gov freefile If the retiree dies before the entire investment is recovered tax free, any unrecovered investment can be deducted on the retiree's final income tax return. Search irs gov freefile See chapter 10 for more information about the tax treatment of pensions and annuities. Search irs gov freefile Nondeductible Expenses Examples of nondeductible expenses are listed next. Search irs gov freefile The list is followed by discussions of additional nondeductible expenses. Search irs gov freefile List of Nondeductible Expenses Broker's commissions that you paid in connection with your IRA or other investment property. Search irs gov freefile Burial or funeral expenses, including the cost of a cemetery lot. Search irs gov freefile Capital expenses. Search irs gov freefile Fees and licenses, such as car licenses, marriage licenses, and dog tags. Search irs gov freefile Hobby losses, but see Hobby Expenses , earlier. Search irs gov freefile Home repairs, insurance, and rent. Search irs gov freefile Illegal bribes and kickbacks. Search irs gov freefile See Bribes and kickbacks in chapter 11 of Publication 535. Search irs gov freefile Losses from the sale of your home, furniture, personal car, etc. Search irs gov freefile Personal disability insurance premiums. Search irs gov freefile Personal, living, or family expenses. Search irs gov freefile The value of wages never received or lost vacation time. Search irs gov freefile Adoption Expenses You cannot deduct the expenses of adopting a child, but you may be able to take a credit for those expenses. Search irs gov freefile See chapter 37. Search irs gov freefile Campaign Expenses You cannot deduct campaign expenses of a candidate for any office, even if the candidate is running for reelection to the office. Search irs gov freefile These include qualification and registration fees for primary elections. Search irs gov freefile Legal fees. Search irs gov freefile   You cannot deduct legal fees paid to defend charges that arise from participation in a political campaign. Search irs gov freefile Check-Writing Fees on Personal Account If you have a personal checking account, you cannot deduct fees charged by the bank for the privilege of writing checks, even if the account pays interest. Search irs gov freefile Club Dues Generally, you cannot deduct the cost of membership in any club organized for business, pleasure, recreation, or other social purpose. Search irs gov freefile This includes business, social, athletic, luncheon, sporting, airline, hotel, golf, and country clubs. Search irs gov freefile You cannot deduct dues paid to an organization if one of its main purposes is to: Conduct entertainment activities for members or their guests, or Provide members or their guests with access to entertainment facilities. Search irs gov freefile Dues paid to airline, hotel, and luncheon clubs are not deductible. Search irs gov freefile Commuting Expenses You cannot deduct commuting expenses (the cost of transportation between your home and your main or regular place of work). Search irs gov freefile If you haul tools, instruments, or other items, in your car to and from work, you can deduct only the additional cost of hauling the items such as the rent on a trailer to carry the items. Search irs gov freefile Fines or Penalties You cannot deduct fines or penalties you pay to a governmental unit for violating a law. Search irs gov freefile This includes an amount paid in settlement of your actual or potential liability for a fine or penalty (civil or criminal). Search irs gov freefile Fines or penalties include parking tickets, tax penalties, and penalties deducted from teachers' paychecks after an illegal strike. Search irs gov freefile Health Spa Expenses You cannot deduct health spa expenses, even if there is a job requirement to stay in excellent physical condition, such as might be required of a law enforcement officer. Search irs gov freefile Home Security System You cannot deduct the cost of a home security system as a miscellaneous deduction. Search irs gov freefile However, you may be able to claim a deduction for a home security system as a business expense if you have a home office. Search irs gov freefile See Home Office under Unreimbursed Employee Expenses, earlier, and Security System under Deducting Expenses in Publication 587. Search irs gov freefile Investment-Related Seminars You cannot deduct any expenses for attending a convention, seminar, or similar meeting for investment purposes. Search irs gov freefile Life Insurance Premiums You cannot deduct premiums you pay on your life insurance. Search irs gov freefile You may be able to deduct, as alimony, premiums you pay on life insurance policies assigned to your former spouse. Search irs gov freefile See chapter 18 for information on alimony. Search irs gov freefile Lobbying Expenses You generally cannot deduct amounts paid or incurred for lobbying expenses. Search irs gov freefile These include expenses to: Influence legislation, Participate or intervene in any political campaign for, or against, any candidate for public office, Attempt to influence the general public, or segments of the public, about elections, legislative matters, or referendums, or Communicate directly with covered executive branch officials in any attempt to influence the official actions or positions of those officials. Search irs gov freefile Lobbying expenses also include any amounts paid or incurred for research, preparation, planning, or coordination of any of these activities. Search irs gov freefile Dues used for lobbying. Search irs gov freefile   If a tax-exempt organization notifies you that part of the dues or other amounts you pay to the organization are used to pay nondeductible lobbying expenses, you cannot deduct that part. Search irs gov freefile See Lobbying Expenses in Publication 529 for information on exceptions. Search irs gov freefile Lost or Mislaid Cash or Property You cannot deduct a loss based on the mere disappearance of money or property. Search irs gov freefile However, an accidental loss or disappearance of property can qualify as a casualty if it results from an identifiable event that is sudden, unexpected, or unusual. Search irs gov freefile See chapter 25. Search irs gov freefile Example. Search irs gov freefile A car door is accidentally slammed on your hand, breaking the setting of your diamond ring. Search irs gov freefile The diamond falls from the ring and is never found. Search irs gov freefile The loss of the diamond is a casualty. Search irs gov freefile Lunches with Co-workers You cannot deduct the expenses of lunches with co-workers, except while traveling away from home on business. Search irs gov freefile See chapter 26 for information on deductible expenses while traveling away from home. Search irs gov freefile Meals While Working Late You cannot deduct the cost of meals while working late. Search irs gov freefile However, you may be able to claim a deduction if the cost of meals is a deductible entertainment expense, or if you are traveling away from home. Search irs gov freefile See chapter 26 for information on deductible entertainment expenses and expenses while traveling away from home. Search irs gov freefile Personal Legal Expenses You cannot deduct personal legal expenses such as those for the following. Search irs gov freefile Custody of children. Search irs gov freefile Breach of promise to marry suit. Search irs gov freefile Civil or criminal charges resulting from a personal relationship. Search irs gov freefile Damages for personal injury, except for certain unlawful discrimination and whistleblower claims. Search irs gov freefile Preparation of a title (or defense or perfection of a title). Search irs gov freefile Preparation of a will. Search irs gov freefile Property claims or property settlement in a divorce. Search irs gov freefile You cannot deduct these expenses even if a result of the legal proceeding is the loss of income-producing property. Search irs gov freefile Political Contributions You cannot deduct contributions made to a political candidate, a campaign committee, or a newsletter fund. Search irs gov freefile Advertisements in convention bulletins and admissions to dinners or programs that benefit a political party or political candidate are not deductible. Search irs gov freefile Professional Accreditation Fees You cannot deduct professional accreditation fees such as the following. Search irs gov freefile Accounting certificate fees paid for the initial right to practice accounting. Search irs gov freefile Bar exam fees and incidental expenses in securing initial admission to the bar. Search irs gov freefile Medical and dental license fees paid to get initial licensing. Search irs gov freefile Professional Reputation You cannot deduct expenses of radio and TV appearances to increase your personal prestige or establish your professional reputation. Search irs gov freefile Relief Fund Contributions You cannot deduct contributions paid to a private plan that pays benefits to any covered employee who cannot work because of any injury or illness not related to the job. Search irs gov freefile Residential Telephone Service You cannot deduct any charge (including taxes) for basic local telephone service for the first telephone line to your residence, even if it is used in a trade or business. Search irs gov freefile Stockholders' Meetings You cannot deduct transportation and other expenses you pay to attend stockholders' meetings of companies in which you own stock but have no other interest. Search irs gov freefile You cannot deduct these expenses even if you are attending the meeting to get information that would be useful in making further investments. Search irs gov freefile Tax-Exempt Income Expenses You cannot deduct expenses to produce tax-exempt income. Search irs gov freefile You cannot deduct interest on a debt incurred or continued to buy or carry  tax-exempt securities. Search irs gov freefile If you have expenses to produce both taxable and tax-exempt income, but you cannot identify the expenses that produce each type of income, you must divide the expenses based on the amount of each type of income to determine the amount that you can deduct. Search irs gov freefile Example. Search irs gov freefile During the year, you received taxable interest of $4,800 and tax-exempt interest of $1,200. Search irs gov freefile In earning this income, you had total expenses of $500 during the year. Search irs gov freefile You cannot identify the amount of each expense item that is for each income item. Search irs gov freefile Therefore, 80% ($4,800/$6,000) of the expense is for the taxable interest and 20% ($1,200/$6,000) is for the tax-exempt interest. Search irs gov freefile You can deduct, subject to the 2% limit, expenses of $400 (80% of $500). Search irs gov freefile Travel Expenses for Another Individual You generally cannot deduct travel expenses you pay or incur for a spouse, dependent, or other individual who accompanies you (or your employee) on business or personal travel unless the spouse, dependent, or other individual is an employee of the taxpayer, the travel is for a bona fide business purpose, and such expenses would otherwise be deductible by the spouse, dependent, or other individual. Search irs gov freefile See chapter 26 for more information on deductible travel expenses. Search irs gov freefile Voluntary Unemployment Benefit Fund Contributions You cannot deduct voluntary unemployment benefit fund contributions you make to a union fund or a private fund. Search irs gov freefile However, you can deduct contributions as taxes if state law requires you to make them to a state unemployment fund that covers you for the loss of wages from unemployment caused by business conditions. Search irs gov freefile Wristwatches You cannot deduct the cost of a wristwatch, even if there is a job requirement that you know the correct time to properly perform your duties. Search irs gov freefile Prev  Up  Next   Home   More Online Publications