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Taxact 2010 Free Version

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Taxact 2010 Free Version

Taxact 2010 free version Publication 584 - Introductory Material Table of Contents What's New Introduction How To Use This Workbook What's New Future developments. Taxact 2010 free version  The IRS has created a page on IRS. Taxact 2010 free version gov for information about Publication 584, at www. Taxact 2010 free version irs. Taxact 2010 free version gov/pub584. Taxact 2010 free version Information about any future developments affecting Publication 584 (such as legislation enacted after we release it) will be posted on that page. Taxact 2010 free version Introduction This workbook is designed to help you figure your loss on personal-use property in the event of a disaster, casualty, or theft. Taxact 2010 free version It contains schedules to help you figure the loss to your main home, its contents, and your motor vehicles. Taxact 2010 free version However, these schedules are for your information only. Taxact 2010 free version You must complete Form 4684, Casualties and Thefts, to report your loss. Taxact 2010 free version How To Use This Workbook You can use this workbook by following these five steps. Taxact 2010 free version Read Publication 547 to learn about the tax rules for casualties, disasters, and thefts. Taxact 2010 free version Know the definitions of cost or other basis and fair market value, discussed later. Taxact 2010 free version Fill out Schedules 1 through 20. Taxact 2010 free version Read the instructions for Form 4684. Taxact 2010 free version Fill out Form 4684 using the information you entered in Schedules 1 through 20. Taxact 2010 free version Use the chart below to find out how to use Schedules 1 through 19 to fill out Form 4684. Taxact 2010 free version Take what's in each row of. Taxact 2010 free version . Taxact 2010 free version . Taxact 2010 free version And enter it on Form 4684. Taxact 2010 free version . Taxact 2010 free version . Taxact 2010 free version Column 1 Line 1 Column 2 Line 2 Column 3 Line 3 Column 4 Line 4 Column 5 Line 5 Column 6 Line 6 Column 7 Line 7 Column 8 Line 8 Column 9 Line 9 Prev  Up  Next   Home   More Online Publications
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New Tax Guide Helps People With Their 2013 Taxes

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IR-2013-102, Dec. 23, 2013

WASHINGTON — Taxpayers can get the most out of various tax benefits and get a jump on preparing their 2013 federal income tax returns by consulting a newly revised comprehensive tax guide now available on IRS.gov.

Publication 17, Your Federal Income Tax, features details on taking advantage of a wide range of tax-saving opportunities, such as the American Opportunity Tax Credit for parents and college students, and the Child Tax Credit and Earned Income Tax Credit for low- and moderate-income workers. It also features a rundown on tax changes for 2013 including information on revised tax rates and new limits on various tax benefits for some taxpayers.  This useful 292-page guide also provides thousands of interactive links to help taxpayers quickly get answers to their questions.

Publication 17 has been published annually by the IRS since the 1940s and has been available on the IRS web site since 1996. As in prior years, this publication is packed with basic tax-filing information and tips on what income to report and how to report it, figuring capital gains and losses, claiming dependents, choosing the standard deduction versus itemizing deductions, and using IRAs to save for retirement.

Besides Publication 17, IRS.gov offers many other helpful resources for those doing year-end tax planning. Many 2013 forms are already posted, and updated versions of other forms, instructions and publications are being posted almost every day. Forms already available include Form 1040 and short Forms 1040A and1040EZ.

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Page Last Reviewed or Updated: 23-Dec-2013

The Taxact 2010 Free Version

Taxact 2010 free version 3. Taxact 2010 free version   Credit for Withholding and Estimated Tax for 2013 Table of Contents Introduction Topics - This chapter discusses: WithholdingForm W-2 Form W-2G The 1099 Series Form Not Correct Form Received After Filing Separate Returns Fiscal Years (FY) Estimated TaxSeparate Returns Divorced Taxpayers Excess Social Security or Railroad Retirement Tax WithholdingJoint returns. Taxact 2010 free version Worksheet for Nonrailroad Employees Worksheets for Railroad Employees Introduction When you file your 2013 income tax return, take credit for all the income tax and excess social security or railroad retirement tax withheld from your salary, wages, pensions, etc. Taxact 2010 free version Also take credit for the estimated tax you paid for 2013. Taxact 2010 free version These credits are subtracted from your total tax. Taxact 2010 free version Because these credits are refundable, you should file a return and claim these credits, even if you do not owe tax. Taxact 2010 free version If the total of your withholding and your estimated tax payments for any payment period is less than the amount you needed to pay by the due date for that period, you may be charged a penalty, even if the total of these credits is more than your tax for the year. Taxact 2010 free version Topics - This chapter discusses: How to take credit for withholding, How to take credit for estimated taxes you paid, and How to take credit for excess social security, Medicare, or railroad retirement tax withholding. Taxact 2010 free version Withholding If you had income tax withheld during 2013, you generally should be sent a statement by January 31, 2014, showing your income and the tax withheld. Taxact 2010 free version Depending on the source of your income, you will receive: Form W-2, Wage and Tax Statement, Form W-2G, Certain Gambling Winnings, or A form in the 1099 series. Taxact 2010 free version Form W-2 Your employer is required to provide or send Form W-2 to you no later than January 31, 2014. Taxact 2010 free version You should receive a separate Form W-2 from each employer you worked for. Taxact 2010 free version If you stopped working before the end of 2013, your employer could have given you your Form W-2 at any time after you stopped working. Taxact 2010 free version However, your employer must provide or send it to you by January 31, 2014. Taxact 2010 free version If you ask for the form, your employer must send it to you within 30 days after receiving your written request or within 30 days after your final wage payment, whichever is later. Taxact 2010 free version If you have not received your Form W-2 by January 31, contact your employer or payer to request a copy. Taxact 2010 free version If you still do not get the form by February 15, the IRS can help you by requesting the form from your employer. Taxact 2010 free version The phone number for the IRS is listed in chapter 5. Taxact 2010 free version You will be asked for the following information. Taxact 2010 free version Your name, address, city and state, zip code, and social security number. Taxact 2010 free version Your employer's name, address, city, state, zip code, and the employer's identification number (if known). Taxact 2010 free version An estimate of the wages you earned, the federal income tax withheld, and the period you worked for that employer. Taxact 2010 free version The estimate should be based on year-to-date information from your final pay stub or leave-and-earnings statement, if possible. Taxact 2010 free version Form W-2 shows your total pay and other compensation and the income tax, social security tax, and Medicare tax that was withheld during the year. Taxact 2010 free version Total the federal income tax withheld (shown in box 2 of all Forms W-2 received) and enter that amount on the appropriate line of your tax return. Taxact 2010 free version In addition, Form W-2 is used to report any taxable sick pay you received and any income tax withheld from your sick pay. Taxact 2010 free version Your sick pay may be combined with other wages in one Form W-2 or you may receive a separate Form W-2 for sick pay. Taxact 2010 free version If you file a paper tax return, attach Copy B of Form W-2 to your return. Taxact 2010 free version Form W-2G If you had gambling winnings in 2013, the payer may have withheld income tax. Taxact 2010 free version If tax was withheld, the payer will give you a Form W-2G showing the amount you won and the amount of tax withheld. Taxact 2010 free version Report the amounts you won on line 21 of Form 1040. Taxact 2010 free version Take credit for the tax withheld on line 62 of Form 1040. Taxact 2010 free version If you had gambling winnings, you must use Form 1040; you cannot use Form 1040A or Form 1040EZ. Taxact 2010 free version Gambling losses can be deducted on Schedule A (Form 1040) as a miscellaneous itemized deduction. Taxact 2010 free version However, you cannot deduct more than the gambling winnings you report on Form 1040. Taxact 2010 free version File Form W-2G with your income tax return only if it shows any federal income tax withheld in box 2. Taxact 2010 free version The 1099 Series Most forms in the 1099 series are not filed with your return. Taxact 2010 free version In general, these forms should be furnished to you by January 31, 2014. Taxact 2010 free version Unless instructed to file any of these forms with your return, keep them for your records. Taxact 2010 free version There are several different forms in this series, including: Form 1099-B, Proceeds From Broker and Barter Exchange Transactions; Form 1099-C, Cancellation of Debt; Form 1099-DIV, Dividends and Distributions; Form 1099-G, Certain Government Payments; Form 1099-INT, Interest Income; Form 1099-K, Payment Card and Third-Party Network Transactions; Form 1099-MISC, Miscellaneous Income; Form 1099-OID, Original Issue Discount; Form 1099-PATR, Taxable Distributions Received From Cooperatives; Form 1099-Q, Payments From Qualified Education Programs (Under Sections 529 and 530); Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. Taxact 2010 free version ; Form SSA-1099, Social Security Benefit Statement; and Form RRB-1099, Payments by the Railroad Retirement Board. Taxact 2010 free version If you received the types of income reported on some forms in the 1099 series, you may not be able to use Form 1040A or Form 1040EZ. Taxact 2010 free version See the instructions to these forms for details. Taxact 2010 free version Reporting your withholding. Taxact 2010 free version   Report on your tax return all federal income tax withholding shown on your Form 1099, Form SSA-1099, and/or Form RRB-1099. Taxact 2010 free version Include the amount withheld in the total on line 62 of Form 1040, line 36 of Form 1040A, or line 7 of Form 1040EZ. Taxact 2010 free version Form 1099-R. Taxact 2010 free version   Attach Form 1099-R to your paper return if federal income tax withholding is shown in box 4. Taxact 2010 free version Do not attach any other Form 1099. Taxact 2010 free version Form Not Correct If you receive a form with incorrect information, you should ask the payer for a corrected form. Taxact 2010 free version Call the telephone number or write to the address given for the payer on the form. Taxact 2010 free version The corrected Form W-2G or Form 1099 you receive will have an “X” in the “CORRECTED” box at the top of the form. Taxact 2010 free version A special form, Form W-2c, Corrected Wage and Tax Statement, is used to correct a Form W-2. Taxact 2010 free version In certain situations, you will receive two forms in place of the original incorrect form. Taxact 2010 free version This will happen when your taxpayer identification number is wrong or missing, your name and address are wrong, or you received the wrong type of form (for example, a Form 1099-DIV instead of a Form 1099-INT). Taxact 2010 free version One new form you receive will be the same incorrect form or have the same incorrect information, but all money amounts will be zero. Taxact 2010 free version This form will have an “X” in the “CORRECTED” box at the top of the form. Taxact 2010 free version The second new form should have all the correct information, prepared as though it is the original (the “CORRECTED” box will not be checked). Taxact 2010 free version Form Received After Filing If you file your return and you later receive a form for income that you did not include on your return, report the income and take credit for any income tax withheld by filing Form 1040X, Amended U. Taxact 2010 free version S. Taxact 2010 free version Individual Income Tax Return. Taxact 2010 free version Separate Returns If you are married but file a separate return, you can take credit only for the tax withheld from your own income. Taxact 2010 free version Do not include any amount withheld from your spouse's income. Taxact 2010 free version However, different rules may apply if you live in a community property state. Taxact 2010 free version Community property states. Taxact 2010 free version   The following are community property states. Taxact 2010 free version Arizona. Taxact 2010 free version California. Taxact 2010 free version Idaho. Taxact 2010 free version Louisiana. Taxact 2010 free version Nevada. Taxact 2010 free version New Mexico. Taxact 2010 free version Texas. Taxact 2010 free version Washington. Taxact 2010 free version Wisconsin. Taxact 2010 free version Generally, if you live in a community property state and file a separate return, you and your spouse each must report half of all community income in addition to your own separate income. Taxact 2010 free version If you are required to report half of all community income, you are entitled to take credit for half of all taxes withheld on the community income. Taxact 2010 free version If you were divorced during the year, each of you generally must report half the community income and can take credit for half the withholding on that community income for the period before the divorce. Taxact 2010 free version   For more information on these rules, and some exceptions, see Publication 555, Community Property. Taxact 2010 free version Fiscal Years (FY) If you file your tax return on the basis of a fiscal year (a 12-month period ending on the last day of any month except December), you must follow special rules, described below, to determine your credit for federal income tax withholding. Taxact 2010 free version Fiscal year withholding. Taxact 2010 free version    You can claim credit on your tax return only for the tax withheld during the calendar year (CY) ending within your fiscal year. Taxact 2010 free version You cannot claim credit for any of the tax withheld during the calendar year beginning in your fiscal year. Taxact 2010 free version You will be able to claim credit for that withholding on your return for your next fiscal year. Taxact 2010 free version   The Form W-2 or 1099 you receive for the calendar year that ends during your fiscal year will show the tax withheld and the income you received during that calendar year. Taxact 2010 free version   Although you take credit for all the withheld tax shown on the form, report only the part of the income shown on the form that you received during your fiscal year. Taxact 2010 free version Add to that the income you received during the rest of your fiscal year. Taxact 2010 free version Example. Taxact 2010 free version Miles Hanson files his return for a fiscal year ending June 30, 2013. Taxact 2010 free version In January 2013, he received a Form W-2 that showed that his wages for 2012 were $31,200 and that his income tax withheld was $3,380. Taxact 2010 free version His records show that he had received $15,000 of the wages by June 30, 2012, and $16,200 from July 1 through December 31, 2012. Taxact 2010 free version See Table 3-1 . Taxact 2010 free version On his return for the fiscal year ending June 30, 2013, Miles will report the $16,200 he was paid in July through December of 2012, plus the $18,850 he was paid during the rest of the fiscal year, January 1, 2013, through June 30, 2013. Taxact 2010 free version However, he takes credit for all $3,380 that was withheld during 2012. Taxact 2010 free version On his return for the fiscal year ending June 30, 2012, he reported the $15,000 he was paid in January through June 2012, but took no credit for the tax withheld during that time. Taxact 2010 free version On his return for the fiscal year ending June 30, 2014, he will take the credit for any tax withheld during 2013 but not for any tax withheld during 2014. Taxact 2010 free version Table 3-1. Taxact 2010 free version Example for Fiscal Year Ending June 30, 2013—Miles Hanson Date Form W-2 Miles' records Tax return for FY ending 6/30/20121 Tax return for FY ending 6/30/2013 Wages With- holding Wages With- holding Wages With- holding Wages With- holding CY 20122 $31,200 $3,380             1/1/2012 –  6/30/2012     $15,000 $1,600 $15,000       7/1/2012 –  12/31/2012     $16,200 $1,780     $16,200 $3,380 CY 2013 $37,700 $4,316 3             1/1/2013 –  6/30/2013     $18,850 $2,158     $18,850   7/1/2013 –  12/31/2013     $18,850 4 $2,158         1Miles' tax return for FY ending 6/30/2012 also included his wages for 7/1–12/31/2011 and the withholding shown on his 2011 Form W-2. Taxact 2010 free version  2Calendar year (January 1 – December 31). Taxact 2010 free version   3Withholding shown on 2013 Form W-2 ($4,316) will be included in Miles' tax return for FY ending 6/30/2014, the fiscal year in which calendar year 2013 ends. Taxact 2010 free version   4Wages for 7/1–12/31/2013 ($18,850) will be included in Miles' tax return for FY ending 6/30/2014, the fiscal year in which the wages were received. Taxact 2010 free version Backup withholding. Taxact 2010 free version   If income tax has been withheld under the backup withholding rule, take credit for it on your tax return for the fiscal year in which you received the income. Taxact 2010 free version Example. Taxact 2010 free version Emily Smith's records show that she received income in November 2013 and February 2014 from which there was backup withholding ($100 and $50, respectively). Taxact 2010 free version Emily takes credit for the entire $150 of backup withholding on her tax return for the fiscal year ending September 30, 2014. Taxact 2010 free version Estimated Tax Take credit for all your estimated tax payments for 2013 on line 63 of Form 1040 or line 37 of Form 1040A. Taxact 2010 free version Include any overpayment from 2012 that you had credited to your 2013 estimated tax. Taxact 2010 free version You must use Form 1040 or Form 1040A if you paid estimated tax. Taxact 2010 free version You cannot file Form 1040EZ. Taxact 2010 free version If you were a beneficiary of an estate or trust, you should receive a Schedule K-1 (Form 1041), Beneficiary's Share of Income, Deductions, Credits, etc. Taxact 2010 free version , from the fiduciary. Taxact 2010 free version If you have estimated taxes credited to you from the estate or trust (from Schedule K-1 (Form 1041)), you must report the estimated taxes on Schedule E (Form 1040). Taxact 2010 free version On the dotted line next to the entry space for line 37 of Schedule E (Form 1040), enter “ES payment claimed” and the amount. Taxact 2010 free version However, do not include this amount in the total on line 37. Taxact 2010 free version Instead, enter the amount on Form 1040, line 63. Taxact 2010 free version This estimated tax payment for 2013 is treated as being made by you on January 15, 2014. Taxact 2010 free version Name changed. Taxact 2010 free version   If you changed your name, and you made estimated tax payments using your former name, attach a statement to the front of your paper tax return indicating: When you made the payments, The amount of each payment, Your name when you made the payments, and The social security number under which you made the payments. Taxact 2010 free version  The statement should cover payments you made jointly with your spouse as well as any you made separately. Taxact 2010 free version   Be sure to report the change to your local Social Security Administration office before filing your 2014 tax return. Taxact 2010 free version This prevents delays in processing your return and issuing refunds. Taxact 2010 free version It also safeguards your future social security benefits. Taxact 2010 free version For more information, call the Social Security Administration at 1-800-772-1213. Taxact 2010 free version Separate Returns If you and your spouse made separate estimated tax payments for 2013 and you file separate returns, you can take credit only for your own payments. Taxact 2010 free version If you made joint estimated tax payments, you must decide how to divide the payments between your returns. Taxact 2010 free version One of you can claim all of the estimated tax paid and the other none, or you can divide it in any other way you agree on. Taxact 2010 free version If you cannot agree, you must divide the payments in proportion to each spouse's individual tax as shown on your separate returns for 2013. Taxact 2010 free version Example. Taxact 2010 free version James and Evelyn Brown made joint estimated tax payments for 2013 totaling $3,000. Taxact 2010 free version They file separate 2013 Forms 1040. Taxact 2010 free version James' tax is $4,000 and Evelyn's is $1,000. Taxact 2010 free version If they do not agree on how to divide the $3,000, they must divide it proportionately between their returns. Taxact 2010 free version Because James' tax ($4,000) is 80% of the total tax ($5,000), his share of the estimated tax is $2,400 (80% of $3,000). Taxact 2010 free version The balance, $600 (20% of $3,000), is Evelyn's share. Taxact 2010 free version Divorced Taxpayers If you made joint estimated tax payments for 2013 and you were divorced during the year, either you or your former spouse can claim all of the joint payments, or you each can claim part of them. Taxact 2010 free version If you cannot agree on how to divide the payments, you must divide them in proportion to each spouse's individual tax as shown on your separate returns for 2013. Taxact 2010 free version See Example earlier under Separate Returns. Taxact 2010 free version If you claim any of the joint payments on your tax return, enter your former spouse's social security number (SSN) in the space provided at the top of page 1 of Form 1040 or Form 1040A. Taxact 2010 free version If you divorced and remarried in 2013, enter your present spouse's SSN in that space. Taxact 2010 free version Enter your former spouse's SSN, followed by “DIV,” under Payments to the left of Form 1040, line 63, or in the blank space to the left of Form 1040A, line 37. Taxact 2010 free version Excess Social Security or Railroad Retirement Tax Withholding Most employers must withhold social security tax from your wages. Taxact 2010 free version In some cases, however, the federal government and state and local governments do not have to withhold social security tax from their employees' wages. Taxact 2010 free version If you work for a railroad employer, that employer must withhold tier 1 railroad retirement (RRTA) tax and tier 2 RRTA tax. Taxact 2010 free version Two or more employers. Taxact 2010 free version   If you worked for two or more employers in 2013, too much social security tax or tier 1 RRTA tax may have been withheld from your pay. Taxact 2010 free version You may be able to claim the excess as a credit against your income tax when you file your return. Taxact 2010 free version Table 3-2 shows the maximum amount that should have been withheld for any of these taxes for 2013. Taxact 2010 free version Figure the excess withholding on the appropriate worksheet. Taxact 2010 free version    Table 3-2. Taxact 2010 free version Maximum Social Security and RRTA Withholding for 2013 Type of tax Maximum wages subject to tax Tax rate Maximum tax to be withheld Social security $113,700 6. Taxact 2010 free version 2% $7,049. Taxact 2010 free version 40 Tier 1 RRTA $113,700 6. Taxact 2010 free version 2% $7,049. Taxact 2010 free version 40 Tier 2 RRTA $84,300 4. Taxact 2010 free version 4% $3,709. Taxact 2010 free version 20 Joint returns. Taxact 2010 free version   If you are filing a joint return, you and your spouse must figure any excess social security or tier 1 RRTA separately. Taxact 2010 free version Note. Taxact 2010 free version All wages are subject to Medicare tax withholding. Taxact 2010 free version Employer's error. Taxact 2010 free version   If you had only one employer and he or she withheld too much social security, Medicare, or tier 1 RRTA tax, ask the employer to refund the excess amount to you. Taxact 2010 free version If the employer refuses to refund the overcollection, ask for a statement indicating the amount of the overcollection to support your claim. Taxact 2010 free version File a claim for refund using Form 843, Claim for Refund and Request for Abatement. Taxact 2010 free version Worksheet for Nonrailroad Employees If you did not work for a railroad during 2013, figure the excess social security withholding on Worksheet 3-1. Taxact 2010 free version Note. Taxact 2010 free version If you worked for both a railroad employer and a nonrailroad employer, use Worksheet 3-2, to figure excess social security and tier 1 RRTA tax. Taxact 2010 free version Where to claim credit for excess social security withholding. Taxact 2010 free version   If you file Form 1040, enter the excess on line 69. Taxact 2010 free version   If you file Form 1040A, include the excess in the total on line 41. Taxact 2010 free version Write “Excess SST” and show the amount of the credit in the space to the left of the line. Taxact 2010 free version   You cannot claim excess social security tax withholding on Form 1040EZ. Taxact 2010 free version Worksheets for Railroad Employees If you worked for a railroad during 2013, figure your excess withholding on Worksheet 3-2 and 3-3, as appropriate. Taxact 2010 free version Where to claim credit for excess tier 1 RRTA withholding. Taxact 2010 free version   If you file Form 1040, enter the excess on line 69. Taxact 2010 free version   If you file Form 1040A, include the excess in the total on line 41. Taxact 2010 free version Write “Excess SST” and show the amount of the credit in the space to the left of the line. Taxact 2010 free version   You cannot claim excess tier 1 RRTA withholding on Form 1040EZ. Taxact 2010 free version How to claim refund of excess tier 2 RRTA. Taxact 2010 free version   To claim a refund of tier 2 tax, use Form 843. Taxact 2010 free version Be sure to attach a copy of all of your Forms W-2. Taxact 2010 free version   See Worksheet 3-3 and the Instructions for Form 843, for more details. Taxact 2010 free version Worksheet 3-1. Taxact 2010 free version Excess Social Security—Nonrailroad Employees 1. Taxact 2010 free version Add all social security tax withheld (but not more than  $7,049. Taxact 2010 free version 40 for each employer). Taxact 2010 free version This tax should be shown  in box 4 of your Forms W-2. Taxact 2010 free version Enter the total here 1. Taxact 2010 free version   2. Taxact 2010 free version Enter any uncollected social security tax on tips or group-term life insurance on Form 1040, line 60, identified by “UT” 2. Taxact 2010 free version   3. Taxact 2010 free version Add lines 1 and 2. Taxact 2010 free version If $7,049. Taxact 2010 free version 40 or less, stop here. Taxact 2010 free version You cannot claim the credit 3. Taxact 2010 free version   4. Taxact 2010 free version Social security limit 4. Taxact 2010 free version $7,049. Taxact 2010 free version 40 5. Taxact 2010 free version Excess. Taxact 2010 free version Subtract line 4 from line 3 5. Taxact 2010 free version   Worksheet 3-2. Taxact 2010 free version Excess Social Security and Tier 1 RRTA—Railroad Employees 1. Taxact 2010 free version Add all social security and tier 1 RRTA tax withheld (but not more than $7,049. Taxact 2010 free version 40 for each employer). Taxact 2010 free version Social security tax should be shown in box 4 and tier 1 RRTA should be shown  in box 14 of your Forms W-2. Taxact 2010 free version Enter the total here 1. Taxact 2010 free version   2. Taxact 2010 free version Enter any uncollected social security and tier 1 RRTA tax on tips or group-term life insurance on Form 1040, line 60, identified by “UT” 2. Taxact 2010 free version   3. Taxact 2010 free version Add lines 1 and 2. Taxact 2010 free version If $7,049. Taxact 2010 free version 40 or less, stop here. Taxact 2010 free version You cannot claim the credit 3. Taxact 2010 free version   4. Taxact 2010 free version Social security and tier 1 RRTA tax limit 4. Taxact 2010 free version $7,049. Taxact 2010 free version 40 5. Taxact 2010 free version Excess. Taxact 2010 free version Subtract line 4 from line 3 5. Taxact 2010 free version   Worksheet 3-3. Taxact 2010 free version Excess Tier 2 RRTA—Railroad Employees 1. Taxact 2010 free version Add all tier 2 RRTA tax withheld (but not more than $3,709. Taxact 2010 free version 20 for each employer). Taxact 2010 free version Box 14 of your Forms W-2 should show tier 2 RRTA tax. Taxact 2010 free version Enter the total here 1. Taxact 2010 free version   2. Taxact 2010 free version Enter any uncollected tier 2 RRTA tax on tips or group-term life insurance on Form 1040, line 60, identified by “UT” 2. Taxact 2010 free version   3. Taxact 2010 free version Add lines 1 and 2. Taxact 2010 free version If $3,709. Taxact 2010 free version 20 or less, stop here. Taxact 2010 free version You cannot claim the credit. Taxact 2010 free version 3. Taxact 2010 free version   4. Taxact 2010 free version Tier 2 RRTA tax limit 4. Taxact 2010 free version $3,709. Taxact 2010 free version 20 5. Taxact 2010 free version Excess. Taxact 2010 free version Subtract line 4 from line 3. Taxact 2010 free version 5. 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