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Turbotax Amended Return 2011

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Turbotax Amended Return 2011

Turbotax amended return 2011 1. Turbotax amended return 2011   Investment Income Table of Contents Topics - This chapter discusses: Useful Items - You may want to see: General InformationSSN for joint account. Turbotax amended return 2011 Custodian account for your child. Turbotax amended return 2011 Penalty for failure to supply SSN. Turbotax amended return 2011 Certification. Turbotax amended return 2011 Underreported interest and dividends. Turbotax amended return 2011 How to stop backup withholding due to underreporting. Turbotax amended return 2011 How to stop backup withholding due to an incorrect identification number. Turbotax amended return 2011 Reporting backup withholding. Turbotax amended return 2011 Nonresident aliens. Turbotax amended return 2011 Penalties. Turbotax amended return 2011 Savings account with parent as trustee. Turbotax amended return 2011 Interest IncomeInterest not reported on Form 1099-INT. Turbotax amended return 2011 Nominees. Turbotax amended return 2011 Incorrect amount. Turbotax amended return 2011 Information reporting requirement. Turbotax amended return 2011 Taxable Interest — General Below-Market Loans U. Turbotax amended return 2011 S. Turbotax amended return 2011 Savings Bonds U. Turbotax amended return 2011 S. Turbotax amended return 2011 Treasury Bills, Notes, and Bonds Bonds Sold Between Interest Dates Insurance State or Local Government Obligations Discount on Debt InstrumentsOriginal Issue Discount (OID) Market Discount Bonds Discount on Short-Term Obligations Election To Report All Interest as OID When To Report Interest IncomeConstructive receipt. Turbotax amended return 2011 How To Report Interest IncomeSchedule B (Form 1040A or 1040). Turbotax amended return 2011 Worksheet for savings bonds distributed from a retirement or profit-sharing plan. Turbotax amended return 2011 File Form 1099-INT with the IRS. Turbotax amended return 2011 Dividends and Other DistributionsDividends not reported on Form 1099-DIV. Turbotax amended return 2011 Nominees. Turbotax amended return 2011 Ordinary Dividends Capital Gain Distributions Nondividend Distributions Liquidating Distributions Distributions of Stock and Stock Rights Other Distributions How To Report Dividend IncomeElection. Turbotax amended return 2011 Independent contractor. Turbotax amended return 2011 Investment interest deducted. Turbotax amended return 2011 Exception 1. Turbotax amended return 2011 Exception 2. Turbotax amended return 2011 Undistributed capital gains. Turbotax amended return 2011 File Form 1099-DIV with the IRS. Turbotax amended return 2011 Stripped Preferred Stock REMICs, FASITs, and Other CDOsREMICs Collateralized Debt Obligations (CDOs) FASITs S CorporationsLimit on losses and deductions. Turbotax amended return 2011 Passive activity losses. Turbotax amended return 2011 Form 8582. Turbotax amended return 2011 Investment ClubsInvestments in name of member. Turbotax amended return 2011 Tax Treatment of the Club Topics - This chapter discusses: Interest Income , Discount on Debt Instruments , When To Report Interest Income , How To Report Interest Income , Dividends and Other Distributions , How To Report Dividend Income , Stripped Preferred Stock , Real estate mortgage investment conduits (REMICs), financial asset securitization investment trusts (FASITs), and other collateralized debt obligations (CDOs) , S Corporations , and Investment Clubs . Turbotax amended return 2011 Useful Items - You may want to see: Publication 525 Taxable and Nontaxable Income 537 Installment Sales 590 Individual Retirement Arrangements (IRAs) 925 Passive Activity and At-Risk Rules 1212 Guide to Original Issue Discount (OID) Instruments Form (and Instructions) Schedule B (Form 1040A or 1040) Interest and Ordinary Dividends Schedule D (Form 1040) Capital Gains and Losses 1040 U. Turbotax amended return 2011 S. Turbotax amended return 2011 Individual Income Tax Return 1040A U. Turbotax amended return 2011 S. Turbotax amended return 2011 Individual Income Tax Return 1040EZ Income Tax Return for Single and Joint Filers With No Dependents 1099 General Instructions for Certain Information Returns 2439 Notice to Shareholder of Undistributed Long-Term Capital Gains 3115 Application for Change in Accounting Method 6251 Alternative Minimum Tax — Individuals 8582 Passive Activity Loss Limitations 8615 Tax for Certain Children Who Have Unearned Income 8814 Parents' Election To Report Child's Interest and Dividends 8815 Exclusion of Interest From Series EE and I U. Turbotax amended return 2011 S. Turbotax amended return 2011 Savings Bonds Issued After 1989 8818 Optional Form To Record Redemption of Series EE and I U. Turbotax amended return 2011 S. Turbotax amended return 2011 Savings Bonds Issued After 1989 8824 Like-Kind Exchanges 8949 Sales and Other Dispositions of Capital Assets 8960 Net Investment Income Tax—Individuals, Estates, and Trusts See chapter 5, How To Get Tax Help , for information about getting these publications and forms. Turbotax amended return 2011 General Information A few items of general interest are covered here. Turbotax amended return 2011 Recordkeeping. Turbotax amended return 2011 You should keep a list showing sources and investment income amounts you receive during the year. Turbotax amended return 2011 Also keep the forms you receive showing your investment income (Forms 1099-INT, Interest Income, and 1099-DIV, Dividends and Distributions, for example) as an important part of your records. Turbotax amended return 2011 Net investment income tax (NIIT). Turbotax amended return 2011   Beginning in 2013, you may be subject to the NIIT. Turbotax amended return 2011 The NIIT is a 3. Turbotax amended return 2011 8% tax on the lesser of your net investment income or the amount of your modified adjusted gross income (MAGI) that is over a threshold amount based on your filing status. Turbotax amended return 2011    Filing Status Threshold Amount Married filing jointly $250,000 Married filing separately $125,000 Single $200,000 Head of household (with qualifying person) $200,000 Qualifying Widow(er) with dependent child $250,000    For more information, see Form 8960 and Instructions for Form 8960. Turbotax amended return 2011 Tax on unearned income of certain children. Turbotax amended return 2011   Part of a child's 2013 unearned income may be taxed at the parent's tax rate. Turbotax amended return 2011 This may happen if all of the following are true. Turbotax amended return 2011 The child had more than $2,000 of unearned income. Turbotax amended return 2011 The child is required to file a tax return. Turbotax amended return 2011 The child was: Under age 18 at the end of 2013, Age 18 at the end of 2013 and did not have earned income that was more than half of the child's support, or A full-time student over age 18 and under age 24 at the end of 2013 and did not have earned income that was more than half of the child's support. Turbotax amended return 2011 At least one of the child's parents was alive at the end of 2013. Turbotax amended return 2011 The child does not file a joint return for 2013. Turbotax amended return 2011 A child born on January 1, 1996, is considered to be age 18 at the end of 2013; a child born on January 1, 1995, is considered to be age 19 at the end of 2013; a child born on January 1, 1990, is considered to be age 24 at the end of 2013. Turbotax amended return 2011   If all of these statements are true, Form 8615 must be completed and attached to the child's tax return. Turbotax amended return 2011 If any of these statements is not true, Form 8615 is not required and the child's income is taxed at his or her own tax rate. Turbotax amended return 2011    However, the parent can choose to include the child's interest and dividends on the parent's return if certain requirements are met. Turbotax amended return 2011 Use Form 8814 for this purpose. Turbotax amended return 2011   For more information about the tax on unearned income of children and the parents' election, see Publication 929, Tax Rules for Children and Dependents. Turbotax amended return 2011 Beneficiary of an estate or trust. Turbotax amended return 2011   Interest, dividends, and other investment income you receive as a beneficiary of an estate or trust is generally taxable income. Turbotax amended return 2011 You should receive a Schedule K-1 (Form 1041), Beneficiary's Share of Income, Deductions, Credits, etc. Turbotax amended return 2011 , from the fiduciary. Turbotax amended return 2011 Your copy of Schedule K-1 (Form 1041) and its instructions will tell you where to report the income on your Form 1040. Turbotax amended return 2011 Social security number (SSN). Turbotax amended return 2011   You must give your name and SSN or individual tax identification number (ITIN) to any person required by federal tax law to make a return, statement, or other document that relates to you. Turbotax amended return 2011 This includes payers of interest and dividends. Turbotax amended return 2011 If you do not give your SSN or ITIN to the payer of interest, you may have to pay a penalty. Turbotax amended return 2011 SSN for joint account. Turbotax amended return 2011   If the funds in a joint account belong to one person, list that person's name first on the account and give that person's SSN to the payer. Turbotax amended return 2011 (For information on who owns the funds in a joint account, see Joint accounts , later. Turbotax amended return 2011 ) If the joint account contains combined funds, give the SSN of the person whose name is listed first on the account. Turbotax amended return 2011 This is because only one name and SSN can be shown on Form 1099. Turbotax amended return 2011   These rules apply both to joint ownership by a married couple and to joint ownership by other individuals. Turbotax amended return 2011 For example, if you open a joint savings account with your child using funds belonging to the child, list the child's name first on the account and give the child's SSN. Turbotax amended return 2011 Custodian account for your child. Turbotax amended return 2011   If your child is the actual owner of an account that is recorded in your name as custodian for the child, give the child's SSN to the payer. Turbotax amended return 2011 For example, you must give your child's SSN to the payer of dividends on stock owned by your child, even though the dividends are paid to you as custodian. Turbotax amended return 2011 Penalty for failure to supply SSN. Turbotax amended return 2011   You will be subject to a penalty if, when required, you fail to: Include your SSN on any return, statement, or other document, Give your SSN to another person who must include it on any return, statement, or other document, or Include the SSN of another person on any return, statement, or other document. Turbotax amended return 2011 The penalty is $50 for each failure up to a maximum penalty of $100,000 for any calendar year. Turbotax amended return 2011   You will not be subject to this penalty if you can show that your failure to provide the SSN was due to reasonable cause and not to willful neglect. Turbotax amended return 2011   If you fail to supply an SSN, you may also be subject to backup withholding. Turbotax amended return 2011 Backup withholding. Turbotax amended return 2011   Your investment income is generally not subject to regular withholding. Turbotax amended return 2011 However, it may be subject to backup withholding to ensure that income tax is collected on the income. Turbotax amended return 2011 Under backup withholding, the bank, broker, or other payer of interest, original issue discount (OID), dividends, cash patronage dividends, or royalties must withhold, as income tax, on the amount you are paid, applying the appropriate withholding rate. Turbotax amended return 2011   Backup withholding applies if: You do not give the payer your identification number (either a social security number or an employer identification number) in the required manner, The IRS notifies the payer that you gave an incorrect identification number, The IRS notifies the payer that you are subject to backup withholding on interest or dividends because you have underreported interest or dividends on your income tax return, or You are required, but fail, to certify that you are not subject to backup withholding for the reason described in (3). Turbotax amended return 2011 Certification. Turbotax amended return 2011   For new accounts paying interest or dividends, you must certify under penalties of perjury that your SSN is correct and that you are not subject to backup withholding. Turbotax amended return 2011 Your payer will give you a Form W-9, Request for Taxpayer Identification Number and Certification, or similar form, to make this certification. Turbotax amended return 2011 If you fail to make this certification, backup withholding may begin immediately on your new account or investment. Turbotax amended return 2011 Underreported interest and dividends. Turbotax amended return 2011   You will be considered to have underreported your interest and dividends if the IRS has determined for a tax year that: You failed to include any part of a reportable interest or dividend payment required to be shown on your return, or You were required to file a return and to include a reportable interest or dividend payment on that return, but you failed to file the return. Turbotax amended return 2011 How to stop backup withholding due to underreporting. Turbotax amended return 2011   If you have been notified that you underreported interest or dividends, you can request a determination from the IRS to prevent backup withholding from starting or to stop backup withholding once it has begun. Turbotax amended return 2011 You must show that at least one of the following situations applies. Turbotax amended return 2011 No underreporting occurred. Turbotax amended return 2011 You have a bona fide dispute with the IRS about whether underreporting occurred. Turbotax amended return 2011 Backup withholding will cause or is causing an undue hardship, and it is unlikely that you will underreport interest and dividends in the future. Turbotax amended return 2011 You have corrected the underreporting by filing a return if you did not previously file one and by paying all taxes, penalties, and interest due for any underreported interest or dividend payments. Turbotax amended return 2011   If the IRS determines that backup withholding should stop, it will provide you with a certification and will notify the payers who were sent notices earlier. Turbotax amended return 2011 How to stop backup withholding due to an incorrect identification number. Turbotax amended return 2011   If you have been notified by a payer that you are subject to backup withholding because you have provided an incorrect SSN or employer identification number, you can stop it by following the instructions the payer gives you. Turbotax amended return 2011 Reporting backup withholding. Turbotax amended return 2011   If backup withholding is deducted from your interest or dividend income or other reportable payment, the bank or other business must give you an information return for the year (for example, a Form 1099-INT) indicating the amount withheld. Turbotax amended return 2011 The information return will show any backup withholding as “Federal income tax withheld. Turbotax amended return 2011 ” Nonresident aliens. Turbotax amended return 2011    Generally, payments made to nonresident aliens are not subject to backup withholding. Turbotax amended return 2011 You can use Form W-8BEN, Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding, to certify exempt status. Turbotax amended return 2011 However, this does not exempt you from the 30% (or lower treaty) withholding rate that may apply to your investment income. Turbotax amended return 2011 For information on the 30% rate, see Publication 519, U. Turbotax amended return 2011 S. Turbotax amended return 2011 Tax Guide for Aliens. Turbotax amended return 2011 Penalties. Turbotax amended return 2011   There are civil and criminal penalties for giving false information to avoid backup withholding. Turbotax amended return 2011 The civil penalty is $500. Turbotax amended return 2011 The criminal penalty, upon conviction, is a fine of up to $1,000, or imprisonment of up to 1 year, or both. Turbotax amended return 2011 Where to report investment income. Turbotax amended return 2011   Table 1-1 gives an overview of the forms and schedules to use to report some common types of investment income. Turbotax amended return 2011 But see the rest of this publication for detailed information about reporting investment income. Turbotax amended return 2011 Joint accounts. Turbotax amended return 2011   If two or more persons hold property (such as a savings account, bond, or stock) as joint tenants, tenants by the entirety, or tenants in common, each person's share of any interest or dividends from the property is determined by local law. Turbotax amended return 2011 Community property states. Turbotax amended return 2011   If you are married and receive a distribution that is community income, one-half of the distribution is generally considered to be received by each spouse. Turbotax amended return 2011 If you file separate returns, you must each report one-half of any taxable distribution. Turbotax amended return 2011 See Publication 555, Community Property, for more information on community income. Turbotax amended return 2011   If the distribution is not considered community property and you and your spouse file separate returns, each of you must report your separate taxable distributions. Turbotax amended return 2011 Example. Turbotax amended return 2011 You and your spouse have a joint money market account. Turbotax amended return 2011 Under state law, half the income from the account belongs to you, and half belongs to your spouse. Turbotax amended return 2011 If you file separate returns, you each report half the income. Turbotax amended return 2011 Income from property given to a child. Turbotax amended return 2011   Property you give as a parent to your child under the Model Gifts of Securities to Minors Act, the Uniform Gifts to Minors Act, or any similar law becomes the child's property. Turbotax amended return 2011   Income from the property is taxable to the child, except that any part used to satisfy a legal obligation to support the child is taxable to the parent or guardian having that legal obligation. Turbotax amended return 2011 Savings account with parent as trustee. Turbotax amended return 2011   Interest income from a savings account opened for a minor child, but placed in the name and subject to the order of the parents as trustees, is taxable to the child if, under the law of the state in which the child resides, both of the following are true. Turbotax amended return 2011 The savings account legally belongs to the child. Turbotax amended return 2011 The parents are not legally permitted to use any of the funds to support the child. Turbotax amended return 2011 Table 1-1. Turbotax amended return 2011 Where To Report Common Types of Investment Income (For detailed information about reporting investment income, see the rest of this publication, especially How To Report Interest Income and How To Report Dividend Income in chapter 1. Turbotax amended return 2011 ) Type of Income If you file Form 1040, report on . Turbotax amended return 2011 . Turbotax amended return 2011 . Turbotax amended return 2011 If you can file Form 1040A, report on . Turbotax amended return 2011 . Turbotax amended return 2011 . Turbotax amended return 2011 If you can file Form 1040EZ, report on . Turbotax amended return 2011 . Turbotax amended return 2011 . Turbotax amended return 2011 Tax-exempt interest (Form 1099-INT, box 8) Line 8b Line 8b Space to the left of line 2 (enter “TEI” and the amount) Taxable interest that totals $1,500 or less Line 8a (You may need to file Schedule B as well. Turbotax amended return 2011 ) Line 8a (You may need to file Schedule B as well. Turbotax amended return 2011 ) Line 2 Taxable interest that totals more than $1,500 Line 8a; also use Schedule B, line 1 Line 8a; also use Schedule B, line 1   Savings bond interest you will exclude because of higher education expenses Schedule B; also use Form 8815 Schedule B; also use Form 8815   Ordinary dividends that total $1,500 or less Line 9a (You may need to file Schedule B as well. Turbotax amended return 2011 ) Line 9a (You may need to file Schedule B as well. Turbotax amended return 2011 )   Ordinary dividends that total more than $1,500 Line 9a; also use Schedule B, line 5 Line 9a; also use Schedule B, line 5   Qualified dividends (if you do not have to file Schedule D) Line 9b; also use the Qualified Dividends and Capital Gain Tax Worksheet, line 2 Line 9b; also use the Qualified Dividends and Capital Gain Tax Worksheet, line 2   Qualified dividends (if you have to file Schedule D) Line 9b; also use the Qualified Dividends and Capital Gain Tax Worksheet or the Schedule D Tax Worksheet, line 2 You cannot use Form 1040A    You cannot use Form 1040EZ Capital gain distributions (if you do not have to file Schedule D) Line 13; also use the Qualified Dividends and Capital Gain Tax Worksheet, line 3 Line 10; also use the Qualified Dividends and Capital Gain Tax Worksheet, line 3   Capital gain distributions (if you have to file Schedule D) Schedule D, line 13; also use the Qualified Dividends and Capital Gain Tax Worksheet or the Schedule D Tax Worksheet     Section 1250, 1202, or collectibles gain (Form 1099-DIV, box 2b, 2c, or 2d) Form 8949 and Schedule D     Nondividend distributions (Form 1099-DIV, box 3) Generally not reported*     Undistributed capital gains (Form 2439, boxes 1a - 1d) Schedule D     Gain or loss from sales of stocks or bonds Line 13; also use Form 8949, Schedule D, and the Qualified Dividends and Capital Gain Tax Worksheet or the Schedule D Tax Worksheet You cannot use Form 1040A   Gain or loss from exchanges of like-kind investment property Line 13; also use Schedule D, Form 8824, and the Qualified Dividends and Capital Gain Tax Worksheet or the Schedule D Tax Worksheet     *Report any amounts in excess of your basis in your mutual fund shares on Form 8949. Turbotax amended return 2011 Use Part II if you held the shares more than 1 year. Turbotax amended return 2011 Use Part I if you held your mutual fund shares 1 year or less. Turbotax amended return 2011 For details on Form 8949, see Reporting Capital Gains and Losses in chapter 4, and the Instructions for Form 8949. Turbotax amended return 2011 Accuracy-related penalty. Turbotax amended return 2011   An accuracy-related penalty of 20% can be charged for underpayments of tax due to negligence or disregard of rules or regulations or substantial understatement of tax. Turbotax amended return 2011 For information on the penalty and any interest that applies, see Penalties in chapter 2. Turbotax amended return 2011 Interest Income This section discusses the tax treatment of different types of interest income. Turbotax amended return 2011 In general, any interest that you receive or that is credited to your account and can be withdrawn is taxable income. Turbotax amended return 2011 (It does not have to be entered in your passbook. Turbotax amended return 2011 ) Exceptions to this rule are discussed later. Turbotax amended return 2011 Form 1099-INT. Turbotax amended return 2011   Interest income is generally reported to you on Form 1099-INT, or a similar statement, by banks, savings and loans, and other payers of interest. Turbotax amended return 2011 This form shows you the interest you received during the year. Turbotax amended return 2011 Keep this form for your records. Turbotax amended return 2011 You do not have to attach it to your tax return. Turbotax amended return 2011   Report on your tax return the total interest income you receive for the tax year. Turbotax amended return 2011 Interest not reported on Form 1099-INT. Turbotax amended return 2011   Even if you do not receive Form 1099-INT, you must still report all of your interest income. Turbotax amended return 2011 For example, you may receive distributive shares of interest from partnerships or S corporations. Turbotax amended return 2011 This interest is reported to you on Schedule K-1 (Form 1065), Partner's Share of Income, Deductions, Credits, etc. Turbotax amended return 2011 , and Schedule K-1 (Form 1120S), Shareholder's Share of Income, Deductions, Credits, etc. Turbotax amended return 2011 Nominees. Turbotax amended return 2011   Generally, if someone receives interest as a nominee for you, that person must give you a Form 1099-INT showing the interest received on your behalf. Turbotax amended return 2011   If you receive a Form 1099-INT that includes amounts belonging to another person, see the discussion on Nominee distributions , later, under How To Report Interest Income. Turbotax amended return 2011 Incorrect amount. Turbotax amended return 2011   If you receive a Form 1099-INT that shows an incorrect amount (or other incorrect information), you should ask the issuer for a corrected form. Turbotax amended return 2011 The new Form 1099-INT you receive will be marked “Corrected. Turbotax amended return 2011 ” Form 1099-OID. Turbotax amended return 2011   Reportable interest income also may be shown on Form 1099-OID, Original Issue Discount. Turbotax amended return 2011 For more information about amounts shown on this form, see Original Issue Discount (OID) , later in this chapter. Turbotax amended return 2011 Exempt-interest dividends. Turbotax amended return 2011   Exempt-interest dividends you receive from a mutual fund or other regulated investment company, including those received from a qualified fund of funds in any tax year beginning after December 22, 2010, are not included in your taxable income. Turbotax amended return 2011 (However, see Information reporting requirement , next. Turbotax amended return 2011 ) Exempt-interest dividends should be shown in box 10 of Form 1099-DIV. Turbotax amended return 2011 You do not reduce your basis for distributions that are exempt-interest dividends. Turbotax amended return 2011 Information reporting requirement. Turbotax amended return 2011   Although exempt-interest dividends are not taxable, you must show them on your tax return if you have to file. Turbotax amended return 2011 This is an information reporting requirement and does not change the exempt-interest dividends into taxable income. Turbotax amended return 2011 See How To Report Interest Income , later. Turbotax amended return 2011 Note. Turbotax amended return 2011 Exempt-interest dividends paid from specified private activity bonds may be subject to the alternative minimum tax. Turbotax amended return 2011 The exempt-interest dividends subject to the alternative minimum tax are shown in box 11 of Form 1099-DIV. Turbotax amended return 2011 See Form 6251 and its instructions for more information about this tax. Turbotax amended return 2011 Private activity bonds are discussed later under State or Local Government Obligations. Turbotax amended return 2011 Interest on VA dividends. Turbotax amended return 2011   Interest on insurance dividends left on deposit with the Department of Veterans Affairs (VA) is not taxable. Turbotax amended return 2011 This includes interest paid on dividends on converted United States Government Life Insurance policies and on National Service Life Insurance policies. Turbotax amended return 2011 Individual retirement arrangements (IRAs). Turbotax amended return 2011   Interest on a Roth IRA generally is not taxable. Turbotax amended return 2011 Interest on a traditional IRA is tax deferred. Turbotax amended return 2011 You generally do not include it in your income until you make withdrawals from the IRA. Turbotax amended return 2011 See Publication 590 for more information. Turbotax amended return 2011 Taxable Interest — General Taxable interest includes interest you receive from bank accounts, loans you make to others, and other sources. Turbotax amended return 2011 The following are some sources of taxable interest. Turbotax amended return 2011 Dividends that are actually interest. Turbotax amended return 2011   Certain distributions commonly called dividends are actually interest. Turbotax amended return 2011 You must report as interest so-called “dividends” on deposits or on share accounts in: Cooperative banks, Credit unions, Domestic building and loan associations, Domestic savings and loan associations, Federal savings and loan associations, and Mutual savings banks. Turbotax amended return 2011  The “dividends” will be shown as interest income on Form 1099-INT. Turbotax amended return 2011 Money market funds. Turbotax amended return 2011   Money market funds are offered by nonbank financial institutions such as mutual funds and stock brokerage houses, and pay dividends. Turbotax amended return 2011 Generally, amounts you receive from money market funds should be reported as dividends, not as interest. Turbotax amended return 2011 Certificates of deposit and other deferred interest accounts. Turbotax amended return 2011   If you open any of these accounts, interest may be paid at fixed intervals of 1 year or less during the term of the account. Turbotax amended return 2011 You generally must include this interest in your income when you actually receive it or are entitled to receive it without paying a substantial penalty. Turbotax amended return 2011 The same is true for accounts that mature in 1 year or less and pay interest in a single payment at maturity. Turbotax amended return 2011 If interest is deferred for more than 1 year, see Original Issue Discount (OID) , later. Turbotax amended return 2011 Interest subject to penalty for early withdrawal. Turbotax amended return 2011   If you withdraw funds from a deferred interest account before maturity, you may have to pay a penalty. Turbotax amended return 2011 You must report the total amount of interest paid or credited to your account during the year, without subtracting the penalty. Turbotax amended return 2011 See Penalty on early withdrawal of savings under How To Report Interest Income, later, for more information on how to report the interest and deduct the penalty. Turbotax amended return 2011 Money borrowed to invest in certificate of deposit. Turbotax amended return 2011   The interest you pay on money borrowed from a bank or savings institution to meet the minimum deposit required for a certificate of deposit from the institution and the interest you earn on the certificate are two separate items. Turbotax amended return 2011 You must report the total interest you earn on the certificate in your income. Turbotax amended return 2011 If you itemize deductions, you can deduct the interest you pay as investment interest, up to the amount of your net investment income. Turbotax amended return 2011 See Interest Expenses in chapter 3. Turbotax amended return 2011 Example. Turbotax amended return 2011 You deposited $5,000 with a bank and borrowed $5,000 from the bank to make up the $10,000 minimum deposit required to buy a 6-month certificate of deposit. Turbotax amended return 2011 The certificate earned $575 at maturity in 2013, but you received only $265, which represented the $575 you earned minus $310 interest charged on your $5,000 loan. Turbotax amended return 2011 The bank gives you a Form 1099-INT for 2013 showing the $575 interest you earned. Turbotax amended return 2011 The bank also gives you a statement showing that you paid $310 interest for 2013. Turbotax amended return 2011 You must include the $575 in your income. Turbotax amended return 2011 If you itemize your deductions on Schedule A (Form 1040), Itemized Deductions, you can deduct $310, subject to the net investment income limit. Turbotax amended return 2011 Gift for opening account. Turbotax amended return 2011   If you receive noncash gifts or services for making deposits or for opening an account in a savings institution, you may have to report the value as interest. Turbotax amended return 2011   For deposits of less than $5,000, gifts or services valued at more than $10 must be reported as interest. Turbotax amended return 2011 For deposits of $5,000 or more, gifts or services valued at more than $20 must be reported as interest. Turbotax amended return 2011 The value is determined by the cost to the financial institution. Turbotax amended return 2011 Example. Turbotax amended return 2011 You open a savings account at your local bank and deposit $800. Turbotax amended return 2011 The account earns $20 interest. Turbotax amended return 2011 You also receive a $15 calculator. Turbotax amended return 2011 If no other interest is credited to your account during the year, the Form 1099-INT you receive will show $35 interest for the year. Turbotax amended return 2011 You must report $35 interest income on your tax return. Turbotax amended return 2011 Interest on insurance dividends. Turbotax amended return 2011   Interest on insurance dividends left on deposit with an insurance company that can be withdrawn annually is taxable to you in the year it is credited to your account. Turbotax amended return 2011 However, if you can withdraw it only on the anniversary date of the policy (or other specified date), the interest is taxable in the year that date occurs. Turbotax amended return 2011 Prepaid insurance premiums. Turbotax amended return 2011   Any increase in the value of prepaid insurance premiums, advance premiums, or premium deposit funds is interest if it is applied to the payment of premiums due on insurance policies or made available for you to withdraw. Turbotax amended return 2011 U. Turbotax amended return 2011 S. Turbotax amended return 2011 obligations. Turbotax amended return 2011   Interest on U. Turbotax amended return 2011 S. Turbotax amended return 2011 obligations, such as U. Turbotax amended return 2011 S. Turbotax amended return 2011 Treasury bills, notes, and bonds, issued by any agency or instrumentality of the United States is taxable for federal income tax purposes. Turbotax amended return 2011 Interest on tax refunds. Turbotax amended return 2011   Interest you receive on tax refunds is taxable income. Turbotax amended return 2011 Interest on condemnation award. Turbotax amended return 2011   If the condemning authority pays you interest to compensate you for a delay in payment of an award, the interest is taxable. Turbotax amended return 2011 Installment sale payments. Turbotax amended return 2011   If a contract for the sale or exchange of property provides for deferred payments, it also usually provides for interest payable with the deferred payments. Turbotax amended return 2011 That interest is taxable when you receive it. Turbotax amended return 2011 If little or no interest is provided for in a deferred payment contract, part of each payment may be treated as interest. Turbotax amended return 2011 See Unstated Interest and Original Issue Discount (OID) in Publication 537. Turbotax amended return 2011 Interest on annuity contract. Turbotax amended return 2011   Accumulated interest on an annuity contract you sell before its maturity date is taxable. Turbotax amended return 2011 Usurious interest. Turbotax amended return 2011   Usurious interest is interest charged at an illegal rate. Turbotax amended return 2011 This is taxable as interest unless state law automatically changes it to a payment on the principal. Turbotax amended return 2011 Interest income on frozen deposits. Turbotax amended return 2011   Exclude from your gross income interest on frozen deposits. Turbotax amended return 2011 A deposit is frozen if, at the end of the year, you cannot withdraw any part of the deposit because: The financial institution is bankrupt or insolvent, or The state in which the institution is located has placed limits on withdrawals because other financial institutions in the state are bankrupt or insolvent. Turbotax amended return 2011   The amount of interest you must exclude is the interest that was credited on the frozen deposits minus the sum of: The net amount you withdrew from these deposits during the year, and The amount you could have withdrawn as of the end of the year (not reduced by any penalty for premature withdrawals of a time deposit). Turbotax amended return 2011 If you receive a Form 1099-INT for interest income on deposits that were frozen at the end of 2013, see Frozen deposits under How To Report Interest Income for information about reporting this interest income exclusion on your tax return. Turbotax amended return 2011   The interest you exclude is treated as credited to your account in the following year. Turbotax amended return 2011 You must include it in income in the year you can withdraw it. Turbotax amended return 2011 Example. Turbotax amended return 2011 $100 of interest was credited on your frozen deposit during the year. Turbotax amended return 2011 You withdrew $80 but could not withdraw any more as of the end of the year. Turbotax amended return 2011 You must include $80 in your income and exclude $20 from your income for the year. Turbotax amended return 2011 You must include the $20 in your income for the year you can withdraw it. Turbotax amended return 2011 Bonds traded flat. Turbotax amended return 2011    If you buy a bond at a discount when interest has been defaulted or when the interest has accrued but has not been paid, the transaction is described as trading a bond flat. Turbotax amended return 2011 The defaulted or unpaid interest is not income and is not taxable as interest if paid later. Turbotax amended return 2011 When you receive a payment of that interest, it is a return of capital that reduces the remaining cost basis of your bond. Turbotax amended return 2011 Interest that accrues after the date of purchase, however, is taxable interest income for the year received or accrued. Turbotax amended return 2011 See Bonds Sold Between Interest Dates , later in this chapter. Turbotax amended return 2011 Below-Market Loans If you make a below-market gift or demand loan, you must report as interest income any forgone interest (defined later) from that loan. Turbotax amended return 2011 The below-market loan rules and exceptions are described in this section. Turbotax amended return 2011 For more information, see section 7872 of the Internal Revenue Code and its regulations. Turbotax amended return 2011 If you receive a below-market loan, you may be able to deduct the forgone interest as well as any interest you actually paid, but not if it is personal interest. Turbotax amended return 2011 Loans subject to the rules. Turbotax amended return 2011   The rules for below-market loans apply to: Gift loans, Pay-related loans, Corporation-shareholder loans, Tax avoidance loans, and Certain loans made to qualified continuing care facilities under a continuing care contract. Turbotax amended return 2011 A pay-related loan is any below-market loan between an employer and an employee or between an independent contractor and a person for whom the contractor provides services. Turbotax amended return 2011 A tax avoidance loan is any below-market loan where the avoidance of federal tax is one of the main purposes of the interest arrangement. Turbotax amended return 2011 Forgone interest. Turbotax amended return 2011   For any period, forgone interest is: The amount of interest that would be payable for that period if interest accrued on the loan at the applicable federal rate and was payable annually on December 31, minus Any interest actually payable on the loan for the period. Turbotax amended return 2011 Applicable federal rate. Turbotax amended return 2011   Applicable federal rates are published by the IRS each month in the Internal Revenue Bulletin. Turbotax amended return 2011 Some IRS offices have these bulletins available for research. Turbotax amended return 2011 See chapter 5, How To Get Tax Help , for other ways to get this information. Turbotax amended return 2011 Rules for below-market loans. Turbotax amended return 2011   The rules that apply to a below-market loan depend on whether the loan is a gift loan, demand loan, or term loan. Turbotax amended return 2011 Gift and demand loans. Turbotax amended return 2011   A gift loan is any below-market loan where the forgone interest is in the nature of a gift. Turbotax amended return 2011   A demand loan is a loan payable in full at any time upon demand by the lender. Turbotax amended return 2011 A demand loan is a below-market loan if no interest is charged or if interest is charged at a rate below the applicable federal rate. Turbotax amended return 2011   A demand loan or gift loan that is a below-market loan is generally treated as an arm's-length transaction in which the lender is treated as having made: A loan to the borrower in exchange for a note that requires the payment of interest at the applicable federal rate, and An additional payment to the borrower in an amount equal to the forgone interest. Turbotax amended return 2011 The borrower is generally treated as transferring the additional payment back to the lender as interest. Turbotax amended return 2011 The lender must report that amount as interest income. Turbotax amended return 2011   The lender's additional payment to the borrower is treated as a gift, dividend, contribution to capital, pay for services, or other payment, depending on the substance of the transaction. Turbotax amended return 2011 The borrower may have to report this payment as taxable income, depending on its classification. Turbotax amended return 2011 These transfers are considered to occur annually, generally on December 31. Turbotax amended return 2011 Term loans. Turbotax amended return 2011   A term loan is any loan that is not a demand loan. Turbotax amended return 2011 A term loan is a below-market loan if the amount of the loan is more than the present value of all payments due under the loan. Turbotax amended return 2011   A lender who makes a below-market term loan other than a gift loan is treated as transferring an additional lump-sum cash payment to the borrower (as a dividend, contribution to capital, etc. Turbotax amended return 2011 ) on the date the loan is made. Turbotax amended return 2011 The amount of this payment is the amount of the loan minus the present value, at the applicable federal rate, of all payments due under the loan. Turbotax amended return 2011 An equal amount is treated as original issue discount (OID). Turbotax amended return 2011 The lender must report the annual part of the OID as interest income. Turbotax amended return 2011 The borrower may be able to deduct the OID as interest expense. Turbotax amended return 2011 See Original Issue Discount (OID) , later. Turbotax amended return 2011 Exceptions to the below-market loan rules. Turbotax amended return 2011   Exceptions to the below-market loan rules are discussed here. Turbotax amended return 2011 Exception for loans of $10,000 or less. Turbotax amended return 2011   The rules for below-market loans do not apply to any day on which the total outstanding amount of loans between the borrower and lender is $10,000 or less. Turbotax amended return 2011 This exception applies only to: Gift loans between individuals if the gift loan is not directly used to buy or carry income-producing assets, and Pay-related loans or corporation-shareholder loans if the avoidance of federal tax is not a principal purpose of the interest arrangement. Turbotax amended return 2011 This exception does not apply to a term loan described in (2) earlier that previously has been subject to the below-market loan rules. Turbotax amended return 2011 Those rules will continue to apply even if the outstanding balance is reduced to $10,000 or less. Turbotax amended return 2011 Exception for loans to continuing care facilities. Turbotax amended return 2011   Loans to qualified continuing care facilities under continuing care contracts are not subject to the rules for below-market loans for the calendar year if the lender or the lender's spouse is age 62 or older at the end of the year. Turbotax amended return 2011 For the definitions of qualified continuing care facility and continuing care contract, see Internal Revenue Code section 7872(h). Turbotax amended return 2011 Exception for loans without significant tax effect. Turbotax amended return 2011   Loans are excluded from the below-market loan rules if their interest arrangements do not have a significant effect on the federal tax liability of the borrower or the lender. Turbotax amended return 2011 These loans include: Loans made available by the lender to the general public on the same terms and conditions that are consistent with the lender's customary business practice; Loans subsidized by a federal, state, or municipal government that are made available under a program of general application to the public; Certain employee-relocation loans; Certain loans from a foreign person, unless the interest income would be effectively connected with the conduct of a U. Turbotax amended return 2011 S. Turbotax amended return 2011 trade or business and would not be exempt from U. Turbotax amended return 2011 S. Turbotax amended return 2011 tax under an income tax treaty; Gift loans to a charitable organization, contributions to which are deductible, if the total outstanding amount of loans between the organization and lender is $250,000 or less at all times during the tax year; and Other loans on which the interest arrangement can be shown to have no significant effect on the federal tax liability of the lender or the borrower. Turbotax amended return 2011 For a loan described in (6) above, all the facts and circumstances are used to determine if the interest arrangement has a significant effect on the federal tax liability of the lender or borrower. Turbotax amended return 2011 Some factors to be considered are: Whether items of income and deduction generated by the loan offset each other; The amount of these items; The cost to you of complying with the below-market loan rules, if they were to apply; and Any reasons other than taxes for structuring the transaction as a below-market loan. Turbotax amended return 2011 If you structure a transaction to meet this exception and one of the principal purposes of that structure is the avoidance of federal tax, the loan will be considered a tax-avoidance loan, and this exception will not apply. Turbotax amended return 2011 Limit on forgone interest for gift loans of $100,000 or less. Turbotax amended return 2011   For gift loans between individuals, if the outstanding loans between the lender and borrower total $100,000 or less, the forgone interest to be included in income by the lender and deducted by the borrower is limited to the amount of the borrower's net investment income for the year. Turbotax amended return 2011 If the borrower's net investment income is $1,000 or less, it is treated as zero. Turbotax amended return 2011 This limit does not apply to a loan if the avoidance of federal tax is one of the main purposes of the interest arrangement. Turbotax amended return 2011 Effective dates. Turbotax amended return 2011    These rules apply to term loans made after June 6, 1984, and to demand loans outstanding after that date. Turbotax amended return 2011 U. Turbotax amended return 2011 S. Turbotax amended return 2011 Savings Bonds This section provides tax information on U. Turbotax amended return 2011 S. Turbotax amended return 2011 savings bonds. Turbotax amended return 2011 It explains how to report the interest income on these bonds and how to treat transfers of these bonds. Turbotax amended return 2011 U. Turbotax amended return 2011 S. Turbotax amended return 2011 savings bonds currently offered to individuals include Series EE bonds and Series I bonds. Turbotax amended return 2011 For other information on U. Turbotax amended return 2011 S. Turbotax amended return 2011 savings bonds, write to:  For Series HH/H: Bureau of the Fiscal Service Division of Customer Assistance P. Turbotax amended return 2011 O. Turbotax amended return 2011 Box 2186 Parkersburg, WV 26106-2186  For Series EE and I paper savings bonds: Bureau of the Fiscal Service Division of Customer Assistance P. Turbotax amended return 2011 O. Turbotax amended return 2011 Box 7012 Parkersburg, WV 26106-7012  For Series EE and I electronic bonds: Bureau of the Fiscal Service  Division of Customer Assistance P. Turbotax amended return 2011 O. Turbotax amended return 2011 Box 7015 Parkersburg, WV 26106-7015 Or, on the Internet, visit: www. Turbotax amended return 2011 treasurydirect. Turbotax amended return 2011 gov/indiv/indiv. Turbotax amended return 2011 htm. Turbotax amended return 2011 Accrual method taxpayers. Turbotax amended return 2011   If you use an accrual method of accounting, you must report interest on U. Turbotax amended return 2011 S. Turbotax amended return 2011 savings bonds each year as it accrues. Turbotax amended return 2011 You cannot postpone reporting interest until you receive it or until the bonds mature. Turbotax amended return 2011 Cash method taxpayers. Turbotax amended return 2011   If you use the cash method of accounting, as most individual taxpayers do, you generally report the interest on U. Turbotax amended return 2011 S. Turbotax amended return 2011 savings bonds when you receive it. Turbotax amended return 2011 But see Reporting options for cash method taxpayers , later. Turbotax amended return 2011 Series HH bonds. Turbotax amended return 2011   These bonds were issued at face value. Turbotax amended return 2011 Interest is paid twice a year by direct deposit to your bank account. Turbotax amended return 2011 If you are a cash method taxpayer, you must report interest on these bonds as income in the year you receive it. Turbotax amended return 2011   Series HH bonds were first offered in 1980 and last offered in August 2004. Turbotax amended return 2011 Before 1980, series H bonds were issued. Turbotax amended return 2011 Series H bonds are treated the same as series HH bonds. Turbotax amended return 2011 If you are a cash method taxpayer, you must report the interest when you receive it. Turbotax amended return 2011   Series H bonds have a maturity period of 30 years. Turbotax amended return 2011 Series HH bonds mature in 20 years. Turbotax amended return 2011 The last series H bonds matured in 2009. Turbotax amended return 2011 The last series HH bonds will mature in 2024. Turbotax amended return 2011 Series EE and series I bonds. Turbotax amended return 2011   Interest on these bonds is payable when you redeem the bonds. Turbotax amended return 2011 The difference between the purchase price and the redemption value is taxable interest. Turbotax amended return 2011 Series EE bonds. Turbotax amended return 2011   Series EE bonds were first offered in January 1980 and have a maturity period of 30 years. Turbotax amended return 2011 Before July 1980, series E bonds were issued. Turbotax amended return 2011 The original 10-year maturity period of series E bonds has been extended to 40 years for bonds issued before December 1965 and 30 years for bonds issued after November 1965. Turbotax amended return 2011 Paper series EE and series E bonds are issued at a discount. Turbotax amended return 2011 The face value is payable to you at maturity. Turbotax amended return 2011 Electronic series EE bonds are issued at their face value. Turbotax amended return 2011 The face value plus accrued interest is payable to you at maturity. Turbotax amended return 2011 As of January 1, 2012, paper savings bonds were no longer sold at financial institutions. Turbotax amended return 2011    Owners of paper series EE bonds can convert them to electronic bonds. Turbotax amended return 2011 These converted bonds do not retain the denomination listed on the paper certificate but are posted at their purchase price (with accrued interest). Turbotax amended return 2011 Series I bonds. Turbotax amended return 2011   Series I bonds were first offered in 1998. Turbotax amended return 2011 These are inflation-indexed bonds issued at their face amount with a maturity period of 30 years. Turbotax amended return 2011 The face value plus all accrued interest is payable to you at maturity. Turbotax amended return 2011 Reporting options for cash method taxpayers. Turbotax amended return 2011   If you use the cash method of reporting income, you can report the interest on series EE, series E, and series I bonds in either of the following ways. Turbotax amended return 2011 Method 1. Turbotax amended return 2011 Postpone reporting the interest until the earlier of the year you cash or dispose of the bonds or the year in which they mature. Turbotax amended return 2011 (However, see Savings bonds traded , later. Turbotax amended return 2011 )  Note. Turbotax amended return 2011 Series EE bonds issued in 1983 matured in 2013. Turbotax amended return 2011 If you have used method 1, you generally must report the interest on these bonds on your 2013 return. Turbotax amended return 2011 The last series E bonds were issued in 1980 and matured in 2010. Turbotax amended return 2011 If you used method 1, you generally should have reported the interest on these bonds on your 2010 return. Turbotax amended return 2011 Method 2. Turbotax amended return 2011 Choose to report the increase in redemption value as interest each year. Turbotax amended return 2011  You must use the same method for all series EE, series E, and series I bonds you own. Turbotax amended return 2011 If you do not choose method 2 by reporting the increase in redemption value as interest each year, you must use method 1. Turbotax amended return 2011 If you plan to cash your bonds in the same year you will pay for higher educational expenses, you may want to use method 1 because you may be able to exclude the interest from your income. Turbotax amended return 2011 To learn how, see Education Savings Bond Program, later. Turbotax amended return 2011 Change from method 1. Turbotax amended return 2011   If you want to change your method of reporting the interest from method 1 to method 2, you can do so without permission from the IRS. Turbotax amended return 2011 In the year of change, you must report all interest accrued to date and not previously reported for all your bonds. Turbotax amended return 2011   Once you choose to report the interest each year, you must continue to do so for all series EE, series E, and series I bonds you own and for any you get later, unless you request permission to change, as explained next. Turbotax amended return 2011 Change from method 2. Turbotax amended return 2011   To change from method 2 to method 1, you must request permission from the IRS. Turbotax amended return 2011 Permission for the change is automatically granted if you send the IRS a statement that meets all the following requirements. Turbotax amended return 2011 You have typed or printed the following number at the top: “131. Turbotax amended return 2011 ” It includes your name and social security number under “131. Turbotax amended return 2011 ” It includes the year of change (both the beginning and ending dates). Turbotax amended return 2011 It identifies the savings bonds for which you are requesting this change. Turbotax amended return 2011 It includes your agreement to: Report all interest on any bonds acquired during or after the year of change when the interest is realized upon disposition, redemption, or final maturity, whichever is earliest; and Report all interest on the bonds acquired before the year of change when the interest is realized upon disposition, redemption, or final maturity, whichever is earliest, with the exception of the interest reported in prior tax years. Turbotax amended return 2011   You must attach this statement to your tax return for the year of change, which you must file by the due date (including extensions). Turbotax amended return 2011   You can have an automatic extension of 6 months from the due date of your return for the year of change (excluding extensions) to file the statement with an amended return. Turbotax amended return 2011 On the statement, type or print “Filed pursuant to section 301. Turbotax amended return 2011 9100-2. Turbotax amended return 2011 ” To get this extension, you must have filed your original return for the year of the change by the due date (including extensions). Turbotax amended return 2011    By the date you file the original statement with your return, you must also send a signed copy to the address below. Turbotax amended return 2011    Internal Revenue Service Attention: CC:IT&A (Automatic Rulings Branch) P. Turbotax amended return 2011 O. Turbotax amended return 2011 Box 7604 Benjamin Franklin Station Washington, DC 20044   If you use a private delivery service, send the signed copy to the address below. Turbotax amended return 2011 Internal Revenue Service Attention: CC:IT&A  (Automatic Rulings Branch) Room 5336 1111 Constitution Avenue, NW Washington, DC 20224    Instead of filing this statement, you can request permission to change from method 2 to method 1 by filing Form 3115. Turbotax amended return 2011 In that case, follow the form instructions for an automatic change. Turbotax amended return 2011 No user fee is required. Turbotax amended return 2011 Co-owners. Turbotax amended return 2011   If a U. Turbotax amended return 2011 S. Turbotax amended return 2011 savings bond is issued in the names of co-owners, such as you and your child or you and your spouse, interest on the bond is generally taxable to the co-owner who bought the bond. Turbotax amended return 2011 One co-owner's funds used. Turbotax amended return 2011   If you used your funds to buy the bond, you must pay the tax on the interest. Turbotax amended return 2011 This is true even if you let the other co-owner redeem the bond and keep all the proceeds. Turbotax amended return 2011 Under these circumstances, the co-owner who redeemed the bond will receive a Form 1099-INT at the time of redemption and must provide you with another Form 1099-INT showing the amount of interest from the bond taxable to you. Turbotax amended return 2011 The co-owner who redeemed the bond is a “nominee. Turbotax amended return 2011 ” See Nominee distributions under How To Report Interest Income, later, for more information about how a person who is a nominee reports interest income belonging to another person. Turbotax amended return 2011 Both co-owners' funds used. Turbotax amended return 2011   If you and the other co-owner each contribute part of the bond's purchase price, the interest is generally taxable to each of you, in proportion to the amount each of you paid. Turbotax amended return 2011 Community property. Turbotax amended return 2011   If you and your spouse live in a community property state and hold bonds as community property, one-half of the interest is considered received by each of you. Turbotax amended return 2011 If you file separate returns, each of you generally must report one-half of the bond interest. Turbotax amended return 2011 For more information about community property, see Publication 555. Turbotax amended return 2011 Table 1-2. Turbotax amended return 2011   These rules are also shown in Table 1-2. Turbotax amended return 2011 Child as only owner. Turbotax amended return 2011   Interest on U. Turbotax amended return 2011 S. Turbotax amended return 2011 savings bonds bought for and registered only in the name of your child is income to your child, even if you paid for the bonds and are named as beneficiary. Turbotax amended return 2011 If the bonds are series EE, series E, or series I bonds, the interest on the bonds is income to your child in the earlier of the year the bonds are cashed or disposed of or the year the bonds mature, unless your child chooses to report the interest income each year. Turbotax amended return 2011 Choice to report interest each year. Turbotax amended return 2011   The choice to report the accrued interest each year can be made either by your child or by you for your child. Turbotax amended return 2011 This choice is made by filing an income tax return that shows all the interest earned to date, and by stating on the return that your child chooses to report the interest each year. Turbotax amended return 2011 Either you or your child should keep a copy of this return. Turbotax amended return 2011   Unless your child is otherwise required to file a tax return for any year after making this choice, your child does not have to file a return only to report the annual accrual of U. Turbotax amended return 2011 S. Turbotax amended return 2011 savings bond interest under this choice. Turbotax amended return 2011 However, see Tax on unearned income of certain children , earlier, under General Information. Turbotax amended return 2011 Neither you nor your child can change the way you report the interest unless you request permission from the IRS, as discussed earlier under Change from method 2 . Turbotax amended return 2011 Ownership transferred. Turbotax amended return 2011   If you bought series E, series EE, or series I bonds entirely with your own funds and had them reissued in your co-owner's name or beneficiary's name alone, you must include in your gross income for the year of reissue all interest that you earned on these bonds and have not previously reported. Turbotax amended return 2011 But, if the bonds were reissued in your name alone, you do not have to report the interest accrued at that time. Turbotax amended return 2011   This same rule applies when bonds (other than bonds held as community property) are transferred between spouses or incident to divorce. Turbotax amended return 2011 Example. Turbotax amended return 2011 You bought series EE bonds entirely with your own funds. Turbotax amended return 2011 You did not choose to report the accrued interest each year. Turbotax amended return 2011 Later, you transfer the bonds to your former spouse under a divorce agreement. Turbotax amended return 2011 You must include the deferred accrued interest, from the date of the original issue of the bonds to the date of transfer, in your income in the year of transfer. Turbotax amended return 2011 Your former spouse includes in income the interest on the bonds from the date of transfer to the date of redemption. Turbotax amended return 2011 Table 1-2. Turbotax amended return 2011 Who Pays the Tax on U. Turbotax amended return 2011 S. Turbotax amended return 2011 Savings Bond Interest IF . Turbotax amended return 2011 . Turbotax amended return 2011 . Turbotax amended return 2011 THEN the interest must be reported by . Turbotax amended return 2011 . Turbotax amended return 2011 . Turbotax amended return 2011 you buy a bond in your name and the name of another person as co-owners, using only your own funds you. Turbotax amended return 2011 you buy a bond in the name of another person, who is the sole owner of the bond the person for whom you bought the bond. Turbotax amended return 2011 you and another person buy a bond as co-owners, each contributing part of the purchase price both you and the other co-owner, in proportion to the amount each paid for the bond. Turbotax amended return 2011 you and your spouse, who live in a community property state, buy a bond that is community property you and your spouse. Turbotax amended return 2011 If you file separate returns, both you and your spouse generally report one-half of the interest. Turbotax amended return 2011 Purchased jointly. Turbotax amended return 2011   If you and a co-owner each contributed funds to buy series E, series EE, or series I bonds jointly and later have the bonds reissued in the co-owner's name alone, you must include in your gross income for the year of reissue your share of all the interest earned on the bonds that you have not previously reported. Turbotax amended return 2011 The former co-owner does not have to include in gross income at the time of reissue his or her share of the interest earned that was not reported before the transfer. Turbotax amended return 2011 This interest, however, as well as all interest earned after the reissue, is income to the former co-owner. Turbotax amended return 2011   This income-reporting rule also applies when the bonds are reissued in the name of your former co-owner and a new co-owner. Turbotax amended return 2011 But the new co-owner will report only his or her share of the interest earned after the transfer. Turbotax amended return 2011   If bonds that you and a co-owner bought jointly are reissued to each of you separately in the same proportion as your contribution to the purchase price, neither you nor your co-owner has to report at that time the interest earned before the bonds were reissued. Turbotax amended return 2011 Example 1. Turbotax amended return 2011 You and your spouse each spent an equal amount to buy a $1,000 series EE savings bond. Turbotax amended return 2011 The bond was issued to you and your spouse as co-owners. Turbotax amended return 2011 You both postpone reporting interest on the bond. Turbotax amended return 2011 You later have the bond reissued as two $500 bonds, one in your name and one in your spouse's name. Turbotax amended return 2011 At that time neither you nor your spouse has to report the interest earned to the date of reissue. Turbotax amended return 2011 Example 2. Turbotax amended return 2011 You bought a $1,000 series EE savings bond entirely with your own funds. Turbotax amended return 2011 The bond was issued to you and your spouse as co-owners. Turbotax amended return 2011 You both postponed reporting interest on the bond. Turbotax amended return 2011 You later have the bond reissued as two $500 bonds, one in your name and one in your spouse's name. Turbotax amended return 2011 You must report half the interest earned to the date of reissue. Turbotax amended return 2011 Transfer to a trust. Turbotax amended return 2011   If you own series E, series EE, or series I bonds and transfer them to a trust, giving up all rights of ownership, you must include in your income for that year the interest earned to the date of transfer if you have not already reported it. Turbotax amended return 2011 However, if you are considered the owner of the trust and if the increase in value both before and after the transfer continues to be taxable to you, you can continue to defer reporting the interest earned each year. Turbotax amended return 2011 You must include the total interest in your income in the year you cash or dispose of the bonds or the year the bonds finally mature, whichever is earlier. Turbotax amended return 2011   The same rules apply to previously unreported interest on series EE or series E bonds if the transfer to a trust consisted of series HH or series H bonds you acquired in a trade for the series EE or series E bonds. Turbotax amended return 2011 See Savings bonds traded , later. Turbotax amended return 2011 Decedents. Turbotax amended return 2011   The manner of reporting interest income on series E, series EE, or series I bonds, after the death of the owner (decedent), depends on the accounting and income-reporting methods previously used by the decedent. Turbotax amended return 2011 Decedent who reported interest each year. Turbotax amended return 2011   If the bonds transferred because of death were owned by a person who used an accrual method, or who used the cash method and had chosen to report the interest each year, the interest earned in the year of death up to the date of death must be reported on that person's final return. Turbotax amended return 2011 The person who acquires the bonds includes in income only interest earned after the date of death. Turbotax amended return 2011 Decedent who postponed reporting interest. Turbotax amended return 2011   If the transferred bonds were owned by a decedent who had used the cash method and had not chosen to report the interest each year, and who had bought the bonds entirely with his or her own funds, all interest earned before death must be reported in one of the following ways. Turbotax amended return 2011 The surviving spouse or personal representative (executor, administrator, etc. Turbotax amended return 2011 ) who files the final income tax return of the decedent can choose to include on that return all interest earned on the bonds before the decedent's death. Turbotax amended return 2011 The person who acquires the bonds then includes in income only interest earned after the date of death. Turbotax amended return 2011 If the choice in (1) is not made, the interest earned up to the date of death is income in respect of the decedent and should not be included in the decedent's final return. Turbotax amended return 2011 All interest earned both before and after the decedent's death (except any part reported by the estate on its income tax return) is income to the person who acquires the bonds. Turbotax amended return 2011 If that person uses the cash method and does not choose to report the interest each year, he or she can postpone reporting it until the year the bonds are cashed or disposed of or the year they mature, whichever is earlier. Turbotax amended return 2011 In the year that person reports the interest, he or she can claim a deduction for any federal estate tax paid on the part of the interest included in the decedent's estate. Turbotax amended return 2011 For more information on income in respect of a decedent, see Publication 559, Survivors, Executors, and Administrators. Turbotax amended return 2011 Example 1. Turbotax amended return 2011 Your uncle, a cash method taxpayer, died and left you a $1,000 series EE bond. Turbotax amended return 2011 He had bought the bond for $500 and had not chosen to report the interest each year. Turbotax amended return 2011 At the date of death, interest of $200 had accrued on the bond, and its value of $700 was included in your uncle's estate. Turbotax amended return 2011 Your uncle's executor chose not to include the $200 accrued interest in your uncle's final income tax return. Turbotax amended return 2011 The $200 is income in respect of the decedent. Turbotax amended return 2011 You are a cash method taxpayer and do not choose to report the interest each year as it is earned. Turbotax amended return 2011 If you cash the bond when it reaches maturity value of $1,000, you report $500 interest income—the difference between maturity value of $1,000 and the original cost of $500. Turbotax amended return 2011 For that year, you can deduct (as a miscellaneous itemized deduction not subject to the 2%-of-adjusted-gross-income limit) any federal estate tax paid because the $200 interest was included in your uncle's estate. Turbotax amended return 2011 Example 2. Turbotax amended return 2011 If, in Example 1 , the executor had chosen to include the $200 accrued interest in your uncle's final return, you would report only $300 as interest when you cashed the bond at maturity. Turbotax amended return 2011 $300 is the interest earned after your uncle's death. Turbotax amended return 2011 Example 3. Turbotax amended return 2011 If, in Example 1 , you make or have made the choice to report the increase in redemption value as interest each year, you include in gross income for the year you acquire the bond all of the unreported increase in value of all series E, series EE, and series I bonds you hold, including the $200 on the bond you inherited from your uncle. Turbotax amended return 2011 Example 4. Turbotax amended return 2011 When your aunt died, she owned series HH bonds that she had acquired in a trade for series EE bonds. Turbotax amended return 2011 You were the beneficiary of these bonds. Turbotax amended return 2011 Your aunt used the cash method and did not choose to report the interest on the series EE bonds each year as it accrued. Turbotax amended return 2011 Your aunt's executor chose not to include any interest earned before your aunt's death on her final return. Turbotax amended return 2011 The income in respect of the decedent is the sum of the unreported interest on the series EE bonds and the interest, if any, payable on the series HH bonds but not received as of the date of your aunt's death. Turbotax amended return 2011 You must report any interest received during the year as income on your return. Turbotax amended return 2011 The part of the interest payable but not received before your aunt's death is income in respect of the decedent and may qualify for the estate tax deduction. Turbotax amended return 2011 For information on when to report the interest on the series EE bonds traded, see Savings bonds traded , later. Turbotax amended return 2011 Savings bonds distributed from a retirement or profit-sharing plan. Turbotax amended return 2011   If you acquire a U. Turbotax amended return 2011 S. Turbotax amended return 2011 savings bond in a taxable distribution from a retirement or profit-sharing plan, your income for the year of distribution includes the bond's redemption value (its cost plus the interest accrued before the distribution). Turbotax amended return 2011 When you redeem the bond (whether in the year of distribution or later), your interest income includes only the interest accrued after the bond was distributed. Turbotax amended return 2011 To figure the interest reported as a taxable distribution and your interest income when you redeem the bond, see Worksheet for savings bonds distributed from a retirement or profit-sharing plan under How To Report Interest Income, later. Turbotax amended return 2011 Savings bonds traded. Turbotax amended return 2011   If you postponed reporting the interest on your series EE or series E bonds, you did not recognize taxable income when you traded the bonds for series HH or series H bonds, unless you received cash in the trade. Turbotax amended return 2011 (You cannot trade series I bonds for series HH bonds. Turbotax amended return 2011 After August 31, 2004, you cannot trade any other series of bonds for series HH bonds. Turbotax amended return 2011 ) Any cash you received is income up to the amount of the interest earned on the bonds traded. Turbotax amended return 2011 When your series HH or series H bonds mature, or if you dispose of them before maturity, you report as interest the difference between their redemption value and your cost. Turbotax amended return 2011 Your cost is the sum of the amount you paid for the traded series EE or series E bonds plus any amount you had to pay at the time of the trade. Turbotax amended return 2011 Example. Turbotax amended return 2011 You traded series EE bonds (on which you postponed reporting the interest) for $2,500 in series HH bonds and $223 in cash. Turbotax amended return 2011 You reported the $223 as taxable income on your tax return. Turbotax amended return 2011 At the time of the trade, the series EE bonds had accrued interest of $523 and a redemption value of $2,723. Turbotax amended return 2011 You hold the series HH bonds until maturity, when you receive $2,500. Turbotax amended return 2011 You must report $300 as interest income in the year of maturity. Turbotax amended return 2011 This is the difference between their redemption value, $2,500, and your cost, $2,200 (the amount you paid for the series EE bonds). Turbotax amended return 2011 (It is also the difference between the accrued interest of $523 on the series EE bonds and the $223 cash received on the trade. Turbotax amended return 2011 ) Choice to report interest in year of trade. Turbotax amended return 2011   You could have chosen to treat all of the previously unreported accrued interest on series EE or series E bonds traded for series HH bonds as income in the year of the trade. Turbotax amended return 2011 If you made this choice, it is treated as a change from method 1. Turbotax amended return 2011 See Change from method 1 under Series EE and series I bonds, earlier. Turbotax amended return 2011 Form 1099-INT for U. Turbotax amended return 2011 S. Turbotax amended return 2011 savings bond interest. Turbotax amended return 2011   When you cash a bond, the bank or other payer that redeems it must give you a Form 1099-INT if the interest part of the payment you receive is $10 or more. Turbotax amended return 2011 Box 3 of your Form 1099-INT should show the interest as the difference between the amount you received and the amount paid for the bond. Turbotax amended return 2011 However, your Form 1099-INT may show more interest than you have to include on your income tax return. Turbotax amended return 2011 For example, this may happen if any of the following are true. Turbotax amended return 2011 You chose to report the increase in the redemption value of the bond each year. Turbotax amended return 2011 The interest shown on your Form 1099-INT will not be reduced by amounts previously included in income. Turbotax amended return 2011 You received the bond from a decedent. Turbotax amended return 2011 The interest shown on your Form 1099-INT will not be reduced by any interest reported by the decedent before death, or on the decedent's final return, or by the estate on the estate's income tax return. Turbotax amended return 2011 Ownership of the bond was transferred. Turbotax amended return 2011 The interest shown on your Form 1099-INT will not be reduced by interest that accrued before the transfer. Turbotax amended return 2011 You were named as a co-owner, and the other co-owner contributed funds to buy the bond. Turbotax amended return 2011 The interest shown on your Form 1099-INT will not be reduced by the amount you received as nominee for the other co-owner. Turbotax amended return 2011 (See Co-owners , earlier in this section, for more information about the reporting requirements. Turbotax amended return 2011 ) You received the bond in a taxable distribution from a retirement or profit-sharing plan. Turbotax amended return 2011 The interest shown on your Form 1099-INT will not be reduced by the interest portion of the amount taxable as a distribution from the plan and not taxable as interest. Turbotax amended return 2011 (This amount is generally shown on Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. Turbotax amended return 2011 , for the year of distribution. Turbotax amended return 2011 )   For more information on including the correct amount of interest on your return, see U. Turbotax amended return 2011 S. Turbotax amended return 2011 savings bond interest previously reported or Nominee distributions under How To Report Interest Income, later. Turbotax amended return 2011    Interest on U. Turbotax amended return 2011 S. Turbotax amended return 2011 savings bonds is exempt from state and local taxes. Turbotax amended return 2011 The Form 1099-INT you receive will indicate the amount that is for U. Turbotax amended return 2011 S. Turbotax amended return 2011 savings bonds interest in box 3. Turbotax amended return 2011 Do not include this income on your state or local income tax return. Turbotax amended return 2011 Education Savings Bond Program You may be able to exclude from income all or part of the interest you receive on the redemption of qualified U. Turbotax amended return 2011 S. Turbotax amended return 2011 savings bonds during the year if you pay qualified higher educational expenses during the same year. Turbotax amended return 2011 This exclusion is known as the Education Savings Bond Program. Turbotax amended return 2011 You do not qualify for this exclusion if your filing status is married filing separately. Turbotax amended return 2011 Form 8815. Turbotax amended return 2011   Use Form 8815 to figure your exclusion. Turbotax amended return 2011 Attach the form to your Form 1040 or Form 1040A. Turbotax amended return 2011 Qualified U. Turbotax amended return 2011 S. Turbotax amended return 2011 savings bonds. Turbotax amended return 2011   A qualified U. Turbotax amended return 2011 S. Turbotax amended return 2011 savings bond is a series EE bond issued after 1989 or a series I bond. Turbotax amended return 2011 The bond must be issued either in your name (sole owner) or in your and your spouse's names (co-owners). Turbotax amended return 2011 You must be at least 24 years old before the bond's issue date. Turbotax amended return 2011 For example, a bond bought by a parent and issued in the name of his or her child under age 24 does not qualify for the exclusion by the parent or child. Turbotax amended return 2011    The issue date of a bond may be earlier than the date the bond is purchased because the issue date assigned to a bond is the first day of the month in which it is purchased. Turbotax amended return 2011 Beneficiary. Turbotax amended return 2011   You can designate any individual (including a child) as a beneficiary of the bond. Turbotax amended return 2011 Verification by IRS. Turbotax amended return 2011   If you claim the exclusion, the IRS will check it by using bond redemption information from the Department of Treasury. Turbotax amended return 2011 Qualified expenses. Turbotax amended return 2011   Qualified higher educational expenses are tuition and fees required for you, your spouse, or your dependent (for whom you claim an exemption) to attend an eligible educational institution. Turbotax amended return 2011   Qualified expenses include any contribution you make to a qualified tuition program or to a Coverdell education savings account. Turbotax amended return 2011 For information about these programs, see Publication 970, Tax Benefits for Education. Turbotax amended return 2011   Qualified expenses do not include expenses for room and board or for courses involving sports, games, or hobbies that are not part of a degree or certificate granting program. Turbotax amended return 2011 Eligible educational institutions. Turbotax amended return 2011   These institutions include most public, private, and nonprofit universities, colleges, and vocational schools that are accredited and eligible to participate in student aid programs run by the Department of Education. Turbotax amended return 2011 Reduction for certain benefits. Turbotax amended return 2011   You must reduce your qualified higher educational expenses by all of the following tax-free benefits. Turbotax amended return 2011 Tax-free part of scholarships and fellowships. Turbotax amended return 2011 Expenses used to figure the tax-free portion of distributions from a Coverdell ESA. Turbotax amended return 2011 Expenses used to figure the tax-free portion of distributions from a qualified tuition program. Turbotax amended return 2011 Any tax-free payments (other than gifts or inheritances) received as educational assistance, such as: Veterans' educational assistance benefits, Qualified tuition reductions, or Employer-provided educational assistance. Turbotax amended return 2011 Any expense used in figuring the American Opportunity and lifetime learning credits. Turbotax amended return 2011 For information about these benefits, see Publication 970. Turbotax amended return 2011 Amount excludable. Turbotax amended return 2011   If the total proceeds (interest and principal) from the qualified U. Turbotax amended return 2011 S. Turbotax amended return 2011 savings bonds you redeem during the year are not more than your adjusted qualified higher educational expenses for the year, you may be able to exclude all of the interest. Turbotax amended return 2011 If the proceeds are more than the expenses, you may be able to exclude only part of the interest. Turbotax amended return 2011   To determine the excludable amount, multiply the interest part of the proceeds by a fraction. Turbotax amended return 2011 The numer
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The Turbotax Amended Return 2011

Turbotax amended return 2011 Publication 1542 - Main Content Table of Contents How To Use Per Diem Rate TablesThe Two Substantiation Methods Transition Rules Per Diem Rate Tables How To Get Tax HelpLow Income Taxpayer Clinics (LITCs). Turbotax amended return 2011 How To Use Per Diem Rate Tables This section contains information about the per diem rate substantiation methods available and the choice of rates you must make for the last 3 months of the year. Turbotax amended return 2011 The Two Substantiation Methods The tables in this publication reflect the high-low substantiation method and the regular federal per diem rate method. Turbotax amended return 2011 High-low method. Turbotax amended return 2011   Tables 1 and 2 in this publication list the localities that are treated under the high-low substantiation method as high-cost localities for all or part of the year. Turbotax amended return 2011 Table 1 lists the localities that are eligible for $233 ($65 meals and incidental expenses (M&IE)) per diem, effective October 1, 2010. Turbotax amended return 2011 For travel on or after October 1, 2010, all other localities within CONUS are eligible for $160 ($52 M&IE) per diem under the high-low method. Turbotax amended return 2011    Table 2 lists the localities that are eligible for $242 ($65 M&IE) per diem, effective October 1, 2011. Turbotax amended return 2011 For travel on or after October 1, 2011, the per diem for all other localities decreases to $163 ($52 M&IE). Turbotax amended return 2011 Regular federal per diem rate method. Turbotax amended return 2011   Tables 3 and 4 give the regular federal per diem rates published by the General Services Administration (GSA). Turbotax amended return 2011 Both tables include the separate rate for meals and incidental expenses (M&IE) for each locality. Turbotax amended return 2011 The rates listed in Table 3 are effective October 1, 2010; those in Table 4 are effective October 1, 2011. Turbotax amended return 2011 The standard rate for all locations within CONUS not specifically listed in Table 3 is $123 ($77 for lodging and $46 for M&IE). Turbotax amended return 2011 For Table 4, this rate is $123 ($77 for lodging and $46 for M&IE). Turbotax amended return 2011 Transition Rules The transition period covers the last 3 months of the calendar year, from the time that new rates are effective (generally October 1) through December 31. Turbotax amended return 2011 During this period, you generally may change to the new rates or finish out the year with the rates you had been using. Turbotax amended return 2011 High-low method. Turbotax amended return 2011   If you use the high-low substantiation method for an employee, when new rates become effective (generally October 1) you can either continue with the rates you used for the first part of the year or change to the new rates. Turbotax amended return 2011 However, you must continue using the high-low method for that employee for the rest of the calendar year (through December 31). Turbotax amended return 2011 Also, you must use the same rates for all employees reimbursed under the high-low method during that calendar year. Turbotax amended return 2011   For example, Employee A travels extensively during March and April of 2012, and you determine A's travel allowance (reimbursement) using the high-low method (Table 2). Turbotax amended return 2011 Employee A does not travel again until November 2012. Turbotax amended return 2011 For A's November trip and any others during the remainder of 2012, you may continue using the same set of rates (Table 2) or change to the new rates that generally will be effective in October. Turbotax amended return 2011 Assume that two of your other employees, B and C, are also reimbursed under the high-low method—your choice of rates must also apply to them. Turbotax amended return 2011   For Employee A's travel on or after January 1, 2013, you must use the rates in effect for 2013, but may either continue with the high-low method or choose the regular federal per diem rate method. Turbotax amended return 2011 The choice of method stays in effect for the entire 2013 calendar year. Turbotax amended return 2011   The new rates and localities for the high-low method are included each year in a revenue procedure that is generally published in mid- to late-September. Turbotax amended return 2011 You can find the revenue procedure in the weekly Internal Revenue Bulletin (IRB) on the Internet at www. Turbotax amended return 2011 irs. Turbotax amended return 2011 gov/irb. Turbotax amended return 2011 Federal per diem rate method. Turbotax amended return 2011   New CONUS per diem rates become effective on October 1 of each year and remain in effect through September 30 of the following year. Turbotax amended return 2011 Employees being reimbursed under the per diem rate method during the first 9 months of a year (January 1–September 30) must continue under the same method through the end of that calendar year (December 31). Turbotax amended return 2011 However, for travel by these employees from October 1 through December 31, you can choose to continue using the same per diem rates or use the new rates. Turbotax amended return 2011 Your choice applies to all employees reimbursed under the per diem rate method during that calendar year. Turbotax amended return 2011 Just as for the high-low method, you must continue using the same method for an employee for the entire calendar year. Turbotax amended return 2011   For example, Employees P and Q attend an industry conference in February 2012, and you reimburse their expenses using the per diem rate method (Table 4). Turbotax amended return 2011 Employee P attends other conferences in July (reimbursed using Table 4) and December 2012, while Employee Q's only other travel occurs in October 2012. Turbotax amended return 2011 When determining Q's travel allowance for the October travel, you must decide whether to continue with the old (Table 4) rates or adopt the new ones effective October 1, 2012. Turbotax amended return 2011 Your choice of rates will also apply to Employee P's December travel. Turbotax amended return 2011 Both employees must continue being reimbursed under the per diem rate method for travel through December 31, 2012. Turbotax amended return 2011 You can choose a new method for either or both employees; this choice will become effective on January 1, 2013. Turbotax amended return 2011   The new federal CONUS per diem rates are published each year, generally early in September, on the Internet. Turbotax amended return 2011 Go to www. Turbotax amended return 2011 gsa. Turbotax amended return 2011 gov/perdiem. Turbotax amended return 2011 Per diem rates for localities listed in Table 4 may change at any time during the rest of 2011 or 2012. Turbotax amended return 2011 To be sure you have the most current rate, check IRS. Turbotax amended return 2011 gov for an updated Publication 1542, the other Internet website listed earlier under Per diem rates on the Internet, or call the IRS at 1-800-829-1040. Turbotax amended return 2011 Per Diem Rate Tables Table 1. Turbotax amended return 2011 Localities Eligible for $233 ($65 M&IE) Per Diem Amount Under the High-Low Substantiation Method (Effective October 1, 2010 – September 30, 2011)1,2 Note: The standard (“low”) rate of $160 ($108 for lodging and $52 for M&IE) applies to all locations within the continental United States (CONUS) not specifically listed below or encompassed by the boundary definition of a listed point. Turbotax amended return 2011 Per Diem Locality Effective Date of State Key City County and/or Other Defined Location $233 Rate AZ Phoenix, Scottsdale Maricopa 1/1 - 5/31   Sedona City limits of Sedona 3/1 - 4/30 CA Monterey Monterey All year   Napa Napa 4/1 - 9/30 10/1 - 11/30   San Diego San Diego All year   San Francisco San Francisco All year   Santa Barbara Santa Barbara All year   Santa Monica City limits of Santa Monica All year   South Lake Tahoe El Dorado All year   Yosemite National Park Mariposa All year CO Aspen Pitkin 1/1 - 3/31 6/1 - 8/31 12/1 - 12/31   Denver, Aurora Denver, Adams, Arapahoe, Jefferson All year   Silverthorne, Breckenridge Summit 1/1 - 3/31 12/1 - 12/31   Steamboat Springs Routt 1/1 - 3/31 12/1 - 12/31   Telluride San Miguel 1/1 - 3/31 12/1 - 12/31   Vail Eagle 1/1 - 8/31 12/1 - 12/31 DC Washington, DC (also the cities of Alexandria, Fairfax, and Falls Church, and the counties of Arlington and Fairfax, in Virginia; and the counties of Montgomery and Prince George's in Maryland)   All year FL Fort Lauderdale Broward 1/1 - 5/31   Fort Walton Beach, DeFuniak Springs Okaloosa, Walton 6/1 - 7/31   Key West Monroe All year   Miami Miami-Dade 1/1 - 3/31 12/1 - 12/31   Naples Collier 1/1 - 4/30 IL Chicago Cook, Lake All year LA New Orleans Orleans, St. Turbotax amended return 2011 Bernard, Jefferson, Plaquemines Parishes 1/1 - 6/30 10/1 - 12/31 MA Boston, Cambridge Suffolk, City of Cambridge All year   Falmouth City limits of Falmouth 7/1 - 8/31   Martha's Vineyard Dukes 7/1 - 8/31   Nantucket Nantucket 6/1 - 9/30 MD Counties of Montgomery and Prince George's   All year Table 1. Turbotax amended return 2011 (Effective October 1, 2010 – September 30, 2011) (Continued) Per Diem Locality Effective Date of State Key City County and/or Other Defined Location $233 Rate MD Baltimore Baltimore City 3/1 - 9/30 10/1 - 11/30   Cambridge, St. Turbotax amended return 2011 Michaels Dorchester, Talbot 6/1 - 8/31   Ocean City Worcester 6/1 - 8/31 ME Bar Harbor Hancock 7/1 - 8/31 NC Kill Devil Dare 6/1 - 8/31 NH Conway Carroll 7/1 - 8/31 NY Floral Park, Garden City, Great Neck Nassau All year   Glens Falls Warren 7/1 - 8/31   Lake Placid Essex 7/1 - 8/31   Manhattan (includes the boroughs of Manhattan, Brooklyn, the Bronx, Queens, and Staten Island) Bronx, Kings, New York, Queens, Richmond All year   Riverhead, Ronkonkoma, Melville Suffolk 6/1 - 8/31   Saratoga Springs, Schenectady Saratoga, Schenectady 7/1 - 8/31   Tarrytown, White Plains, New Rochelle Westchester All year PA Philadelphia Philadelphia All year RI Jamestown, Middletown, Newport Newport 5/1 - 9/30 10/1 - 10/31 UT Park City Summit 1/1 - 3/31 VA Cities of Alexandria, Falls Church, and Fairfax; Counties of Arlington and Fairfax   All year   Virginia Beach City of Virginia Beach 6/1 - 8/31 VT Stowe Lamoille 1/1 - 3/31 6/1 - 12/31 WA Seattle King All year WY Jackson, Pinedale Teton, Sublette 7/1 - 8/31 1 Transition rule. Turbotax amended return 2011 A payor who uses the high-low substantiation method  in Table 1 for an employee during the first 9 months of calendar year 2011 must continue to use the high-low substantiation method for the remainder  of calendar year 2011 for that employee. Turbotax amended return 2011 For travel on or after October 1, 2011, and before January 1, 2012, the payor may continue to use the rates and high-cost localities published in Table 1 or the updated rates and high-cost localities published in the revenue procedure that supersedes Revenue Procedure 2010-39, as long as those rates and localities are used consistently during this period for all employees reimbursed under this method. Turbotax amended return 2011 See Transition Rules under How To Use Per Diem Rate Tables for an example. Turbotax amended return 2011    2 Revenue Procedure 2010-39 in Internal Revenue Bulletin 2010-42. Turbotax amended return 2011 Table 2. Turbotax amended return 2011 Localities Eligible for $242 ($65 M&IE) Per Diem Amount Under the High-Low Substantiation Method (Effective October 1, 2011)1,2 Note: The standard (“low”) rate of $163 ($111 for lodging and $52 for M&IE) applies to all locations within the continental United States (CONUS) not specifically listed below or encompassed by the boundary definition of a listed point. Turbotax amended return 2011 Per Diem Locality Effective Date of State Key City County and/or Other Defined Location $242 Rate AZ Sedona City limits of Sedona 3/1 - 4/30 CA Monterey Monterey All year   Napa Napa 4/1 - 9/30 10/1 - 11/30   San Diego San Diego All year   San Francisco San Francisco All year   Santa Barbara Santa Barbara All year   Santa Monica City limits of Santa Monica All year   Yosemite National Park Mariposa 6/1 - 8/31 CO Aspen Pitkin 1/1 - 3/31 6/1 - 8/31 12/1 - 12/31   Denver, Aurora Denver, Adams, Arapahoe, Jefferson All year   Steamboat Springs Routt 1/1 - 3/31 12/1 - 12/31   Telluride San Miguel 1/1 - 3/31 12/1 - 12/31   Vail Eagle 1/1 - 8/31 12/1 - 12/31 DC Washington, DC (also the cities of Alexandria, Fairfax, and Falls Church, and the counties of Arlington and Fairfax, in Virginia; and the counties of Montgomery and Prince George's in Maryland)   All year FL Fort Lauderdale Broward 1/1 - 5/31   Fort Walton Beach, DeFuniak Springs Okaloosa, Walton 6/1 - 7/31   Key West Monroe All year   Miami Miami-Dade 1/1 - 3/31 12/1 - 12/31   Naples Collier 1/1 - 4/30 IL Chicago Cook, Lake 4/1 - 9/30 10/1 - 11/30 LA New Orleans Orleans, St. Turbotax amended return 2011 Bernard, Jefferson, Plaquemines Parishes 1/1 - 6/30 10/1 - 12/31 MA Boston, Cambridge Suffolk, City of Cambridge All year   Falmouth City limits of Falmouth 7/1 - 8/31   Martha's Vineyard Dukes 7/1 - 8/31   Nantucket Nantucket 6/1 - 9/30 Table 2. Turbotax amended return 2011 (Effective October 1, 2011) (Continued) Per Diem Locality Effective Date of State Key City County and/or Other Defined Location $242 Rate MD Counties of Montgomery and Prince George's   All year   Baltimore Baltimore City 3/1 - 9/30 10/1 - 11/30   Cambridge, St. Turbotax amended return 2011 Michaels Dorchester, Talbot 6/1 - 8/31   Ocean City Worcester 6/1 - 8/31 ME Bar Harbor Hancock 7/1 - 8/31 NC Kill Devil Dare 6/1 - 8/31 NH Conway Carroll 7/1 - 8/31 NY Floral Park, Garden City, Great Neck Nassau All year   Glens Falls Warren 7/1 - 8/31   Lake Placid Essex 7/1 - 8/31   Manhattan (includes the boroughs of Manhattan, Brooklyn, the Bronx, Queens, and Staten Island) Bronx, Kings, New York, Queens, Richmond All year   Saratoga Springs, Schenectady Saratoga, Schenectady 7/1 - 8/31   Tarrytown, White Plains, New Rochelle Westchester All year PA Philadelphia Philadelphia All year RI Jamestown, Middletown, Newport Newport 5/1 - 9/30 10/1 - 10/31 UT Park City Summit 1/1 - 3/31 VA Cities of Alexandria, Falls Church, and Fairfax; Counties of Arlington and Fairfax   All year   Virginia Beach City of Virginia Beach 6/1 - 8/31 WA Seattle King All year WY Jackson, Pinedale Teton, Sublette 7/1 - 8/31 1 Transition rule. Turbotax amended return 2011 A payor who uses the high-low substantiation method  in Table 2 for an employee during the first 9 months of calendar year 2012 must continue to use the high-low substantiation method for the remainder  of calendar year 2012 for that employee. Turbotax amended return 2011 For travel on or after October 1, 2012, and before January 1, 2013, the payor may continue to use the rates and high-cost localities published in Table 2 or the updated rates and high-cost localities published in the revenue procedure that supersedes Revenue Procedure 2011-47 and Notice 2011-81, as long as those rates and localities are used consistently during this period for all employees reimbursed under this method. Turbotax amended return 2011 See Transition Rules under How To Use Per Diem Rate Tables for an example. Turbotax amended return 2011    2 Revenue Procedure 2011-47 and Notice 2011-81 in Internal Revenue Bulletin 2011-42. Turbotax amended return 2011 Table 3. Turbotax amended return 2011 Maximum Federal Per Diem Rates (Effective October 1, 2010 – September 30, 2011)1 Note: The standard rate of $123 ($77 for lodging and $46 for M&IE) applies to all locations within the continental United States (CONUS) not specifically listed below or encompassed by the boundary definition of a listed point. Turbotax amended return 2011 However, the standard CONUS rate applies to all locations within CONUS, including those defined below, for certain relocation allowances. Turbotax amended return 2011 (See parts 302-2, 302-4, and 302-5 of 41 CFR. Turbotax amended return 2011 ) Table 4 lists all per diem rates alphabetically by state abbreviation. Turbotax amended return 2011 Click on a link below to find rates for your state: Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas , Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming Per Diem Locality Computing Maximum Rate State Key City2 County and/or Other Defined Location3,4 Effective Dates Maximum  Lodging  Rate M&IE  Rate Maximum  Per Diem  Rate AL Birmingham Jefferson, Shelby All year $88   $56   $144     Gulf Shores Baldwin 1/1 - 5/31 101   51   152         6/1 - 7/31 126   51   177         8/1 - 12/31 101   51   152     Huntsville Madison, Limestone All year 86   51   137     Mobile Mobile 1/1 - 2/28 98   51   149         3/1 - 12/31 90   51   141   AR Hot Springs Garland All year 101   46   147     Little Rock Pulaski All year 88   61   149   AZ Grand Canyon, Flagstaff Coconino (except city limits of Sedona), Yavapai 1/1 - 2/28 77   66   143         3/1 - 10/31 95   66   161         11/1 - 12/31 77   66   143     Kayenta Navajo 1/1 - 4/30 77   46   123         5/1 - 9/30 89   46   135         10/1 - 12/31 77   46   123     Phoenix, Scottsdale Maricopa 1/1 - 5/31 126   71   197         6/1 - 8/31 81   71   152         9/1 - 12/31 106   71   177     Sedona City limits of Sedona 1/1 - 2/28 129   66   195         3/1 - 4/30 145   66   211         5/1 - 12/31 129   66   195     Sierra Vista Cochise All year 81   46   127     Tucson Pima 1/1 - 1/31 93   56   149         2/1 - 5/31 111   56   167         6/1 - 8/31 77   56   133         9/1 - 12/31 93   56   149     Yuma Yuma All year 81   46   127   CA Antioch, Brentwood, Concord Contra Costa All year 101   66   167     Barstow, Ontario, Victorville San Bernardino Before 4/01/11 83   56   139         After 3/31/11 99   56   155     Benicia, Dixon, Fairfield Solano All year 84   56   140     Death Valley Inyo All year 92   46   138     Eureka, Arcata, Humboldt 1/1 - 5/31 82   61   143     McKinleyville   6/1 - 8/31 92   61   153         9/1 - 12/31 82   61   143     Fresno Fresno All year 91   61   152     Los Angeles Los Angeles (except the city of Santa Monica), Orange, Ventura; Edwards AFB All year 123   71   194     Mammoth Lakes Mono All year 116   61   177   Table 3. Turbotax amended return 2011 (Effective October 1, 2010 – September 30, 2011) (Continued) Per Diem Locality Computing Maximum Rate State Key City2 County and/or Other Defined Location3,4 Effective Dates Maximum  Lodging  Rate M&IE  Rate Maximum  Per Diem  Rate CA Mill Valley, San Rafael, Novato Marin All year $106   $56   $162     Modesto Stanislaus All year 85   51   136     Monterey Monterey 1/1 - 6/30 126   71   197         7/1 - 8/31 152   71   223         9/1 - 12/31 126   71   197     Napa Napa 1/1 - 3/31 107   66   173         4/1 - 11/30 142   66   208         12/1 - 12/31 107   66   173     Oakhurst Madera 1/1 - 4/30 78   56   134         5/1 - 8/31 92   56   148         9/1 - 12/31 78   56   134     Oakland Alameda All year 94   61   155     Palm Springs Riverside 1/1 - 4/30 120   71   191         5/1 - 8/31 90   71   161         9/1 - 12/31 104   71   175     Point Arena, Gualala Mendocino All year 88   66   154     Redding Shasta All year 87   61   148     Sacramento Sacramento All year 101   61   162     San Diego San Diego All year 131   71   202     San Francisco San Francisco Before 1/1/11:                   10/1 - 10/31 174   71   245         11/1 - 12/31 142   71   213         After 12/31/10:                   1/1 - 3/31 142   71   213         4/1 - 8/31 150   71   221         9/1 - 12/31 180   71   251     San Luis Obispo San Luis Obispo 1/1 - 6/30 104   66   170         7/1 - 8/31 121   66   187         9/1 - 12/31 104   66   170     San Mateo, Foster City, Belmont San Mateo All year 108   61   169     Santa Barbara Santa Barbara 1/1 - 6/30 143   66   209         7/1 - 8/31 172   66   238         9/1 - 12/31 143   66   209     Santa Cruz Santa Cruz All year 93   66   159     Santa Monica City limits of Santa Monica All year 180   71   251     Santa Rosa Sonoma All year 109   61   170     South Lake Tahoe El Dorado All year 125   71   196     Stockton San Joaquin All year 80   56   136     Sunnyvale, Palo Alto, San Jose Santa Clara All year 116   56   172     Tahoe City Placer All year 87   61   148     Truckee Nevada 1/1 - 2/28 113   71   184         3/1 - 11/30 96   71   167         12/1 - 12/31 113   71   184     Visalia, Lemoore Tulare, Kings All year 83   61   144     West Sacramento Yolo All year 91   51   142     Yosemite National Mariposa 1/1 - 5/31 129   71   200     Park   6/1 - 8/31 162   71   233         9/1 - 12/31 129   71   200   Table 3. Turbotax amended return 2011 (Effective October 1, 2010 – September 30, 2011) (Continued) Per Diem Locality Computing Maximum Rate State Key City2 County and/or Other Defined Location3,4 Effective Dates Maximum  Lodging  Rate M&IE  Rate Maximum  Per Diem  Rate CO Aspen Pitkin 1/1 - 3/31 $202   $71   $273         4/1 - 5/31 107   71   178         6/1 - 8/31 143   71   214         9/1 - 11/30 103   71   174         12/1 - 12/31 202   71   273     Boulder, Broomfield Boulder, Broomfield All year 104   61   165     Colorado Springs El Paso All year 84   66   150     Cortez Montezuma 1/1 - 5/31 87   51   138         6/1 - 8/31 105   51   156         9/1 - 12/31 87   51   138     Crested Butte, Gunnison Gunnison 1/1 - 3/31 82   51   133         4/1 - 5/31 77   51   128         6/1 - 8/31 95   51   146         9/1 - 12/31 82   51   133     Denver, Aurora Denver, Adams, Arapahoe, and Jefferson All year 141   66   207     Douglas County Douglas All year 101   61   162     Durango La Plata 1/1 - 5/31 93   61   154         6/1 - 9/30 128   61   189         10/1 - 12/31 93   61   154     Fort Collins, Loveland Larimer All year 84   56   140     Glenwood Springs, Grand Junction Garfield, Mesa All year 86   51   137     Montrose Montrose 1/1 - 5/31 79   56   135         6/1 - 9/30 94   56   150         10/1 - 12/31 79   56   135     Silverthorne, Summit 1/1 - 3/31 147   56   203     Breckenridge   4/1 - 11/30 93   56   149         12/1 - 12/31 147   56   203     Steamboat Springs Routt 1/1 - 3/31 179   56   235         4/1 - 11/30 103   56   159         12/1 - 12/31 179   56   235     Telluride San Miguel 1/1 - 3/31 141   71   212         4/1 - 5/31 93   71   164         6/1 - 9/30 124   71   195         10/1 - 11/30 94   71   165         12/1 - 12/31 141   71   212     Vail Eagle 1/1 - 3/31 261   71   332         4/1 - 8/31 130   71   201         9/1 - 11/30 105   71   176         12/1 - 12/31 261   71   332   CT Bridgeport, Danbury Fairfield All year 114   71   185     Cromwell, Old Saybrook Middlesex All year 83   61   144     Hartford Hartford All year 106   56   162     Lakeville, Salisbury Litchfield All year 93   66   159     New Haven New Haven All year 92   61   153     New London, Groton New London All year 98   61   159   Table 3. Turbotax amended return 2011 (Effective October 1, 2010 – September 30, 2011) (Continued) Per Diem Locality Computing Maximum Rate State Key City2 County and/or Other Defined Location3,4 Effective Dates Maximum  Lodging  Rate M&IE  Rate Maximum  Per Diem  Rate DC District of Columbia Washington, DC (also the cities of Alexandria, 1/1 - 2/28 $181   $71   $252       Fairfax, and Falls Church, and the counties of 3/1 - 6/30 211   71   282       Arlington and Fairfax, in Virginia; and the counties 7/1 - 8/31 157   71   228       of Montgomery and Prince George's in Maryland) 9/1 - 10/31 211   71   282       (see also Maryland and Virginia) 11/1 - 12/31 181   71   252   DE Dover Kent 1/1 - 4/30 77   46   123         5/1 - 9/30 92   46   138         10/1 - 12/31 77   46   123     Lewes Sussex 1/1 - 6/30 82   46   128         7/1 - 8/31 123   46   169         9/1 - 12/31 82   46   128     Wilmington New Castle All year 109   56   165   FL Altamonte Springs Seminole All year 80   61   141     Boca Raton, Delray Palm Beach 1/1 - 4/30 111   71   182     Beach, Jupiter   5/1 - 12/31 82   71   153     Bradenton Manatee 1/1 - 4/30 100   56   156         5/1 - 12/31 84   56   140     Cocoa Beach Brevard All year 99   51   150     Daytona Beach Volusia 1/1 - 1/31 84   51   135         2/1 - 7/31 107   51   158         8/1 - 12/31 84   51   135     Fort Lauderdale Broward 1/1 - 2/28 173   71   244         3/1 - 5/31 149   71   220         6/1 - 9/30 103   71   174         10/1 - 12/31 124   71   195     Fort Myers Lee 1/1 - 4/30 115   56   171         5/1 - 12/31 87   56   143     Fort Walton Beach, Okaloosa, Walton 1/1 - 2/28 78   51   129     DeFuniak Springs   3/1 - 5/31 126   51   177         6/1 - 7/31 164   51   215         8/1 - 10/31 112   51   163         11/1 - 12/31 78   51   129     Gainesville Alachua All year 89   51   140     Gulf Breeze Santa Rosa 1/1 - 2/28 92   51   143         3/1 - 5/31 114   51   165         6/1 - 8/31 140   51   191         9/1 - 12/31 92   51   143     Jacksonville, Jacksonville Beach, Mayport Naval Station Duval, Nassau; City of Jacksonville All year 82   51   133     Key West Monroe 1/1 - 1/31 193   71   264         2/1 - 4/30 209   71   280         5/1 - 11/30 145   71   216         12/1 - 12/31 193   71   264     Kissimmee Osceola 1/1 - 5/31 84   46   130         6/1 - 8/31 77   46   123         9/1 - 12/31 84   46   130     Lakeland Polk All year 81   46   127   Table 3. Turbotax amended return 2011 (Effective October 1, 2010 – September 30, 2011) (Continued) Per Diem Locality Computing Maximum Rate State Key City2 County and/or Other Defined Location3,4 Effective Dates Maximum  Lodging  Rate M&IE  Rate Maximum  Per Diem  Rate FL Miami Miami-Dade 1/1 - 3/31 $151   $66   $217         4/1 - 5/31 128   66   194         6/1 - 11/30 104   66   170         12/1 - 12/31 151   66   217     Naples Collier 1/1 - 4/30 155   61   216         5/1 - 9/30 101   61   162         10/1 - 12/31 111   61   172     Orlando Orange 1/1 - 5/31 104   56   160         6/1 - 12/31 90   56   146     Panama City Bay 1/1 - 2/28 77   51   128         3/1 - 7/31 110   51   161         8/1 - 12/31 77   51   128     Pensacola, Pensacola Beach Escambia All year 103   46   149     Punta Gorda Charlotte 1/1 - 1/31 77   51   128         2/1 - 4/30 88   51   139         5/1 - 12/31 77   51   128     Sarasota Sarasota 1/1 - 4/30 110   56   166         5/1 - 12/31 86   56   142     Sebring Highlands 1/1 - 3/31 123   46   169         4/1 - 12/31 82   46   128     St. Turbotax amended return 2011 Augustine St. Turbotax amended return 2011 Johns All year 97   56   153     Stuart Martin 1/1 - 4/30 102   51   153         5/1 - 12/31 82   51   133     Tallahassee Leon All year 87   46   133     Tampa, St. Turbotax amended return 2011 Petersburg Pinellas, Hillsborough 1/1 - 4/30 108   51   159         5/1 - 12/31 92   51   143     Vero Beach Indian River 1/1 - 1/31 83   51   134         2/1 - 3/31 99   51   150         4/1 - 12/31 83   51   134   GA Athens Clarke All year 93   46   139     Atlanta Fulton, DeKalb, Cobb All year 132   56   188     Augusta Richmond All year 84   51   135     Columbus Muscogee All year 85   46   131     Jekyll Island, Brunswick Glynn 1/1 - 3/31 92   56   148         4/1 - 11/30 136   56   192         12/1 - 12/31 92   56   148     Savannah Chatham All year 97   56   153   IA Cedar Rapids Linn All year 81   51   132     Des Moines Polk All year 83   51   134     West Des Moines Dallas All year 95   51   146   ID Bonner's Ferry, Boundary, Bonner, Shoshone 1/1 - 6/30 77   61   138     Sandpoint   7/1 - 8/31 99   61   160         9/1 - 12/31 77   61   138     Coeur d'Alene Kootenai 1/1 - 5/31 77   61   138         6/1 - 8/31 105   61   166         9/1 - 12/31 77   61   138     Driggs, Idaho Falls Teton, Bonneville, Fremont All year 78   46   124   Table 3. Turbotax amended return 2011 (Effective October 1, 2010 – September 30, 2011) (Continued) Per Diem Locality Computing Maximum Rate State Key City2 County and/or Other Defined Location3,4 Effective Dates Maximum  Lodging  Rate M&IE  Rate Maximum  Per Diem  Rate ID Sun Valley, Ketchum Blaine 1/1 - 5/31 $79   $71   $150         6/1 - 8/31 95   71   166         9/1 - 12/31 79   71   150   IL Bolingbrook, Romeoville, Lemont Will All year 82   51   133     Chicago Cook, Lake 1/1 - 3/31 128   71   199         4/1 - 6/30 166   71   237         7/1 - 8/31 146   71   217         9/1 - 11/30 173   71   244         12/1 - 12/31 128   71   199     Oakbrook Terrace DuPage All year 92   61   153     O'Fallon, Fairview Bond, Calhoun, Clinton, Jersey, Macoupin, All year 105   56   161     Heights, Collinsville Madison, Monroe, St. Turbotax amended return 2011 Clair                 Springfield Sangamon All year 82   56   138   IN Bloomington Monroe All year 91   56   147     Fort Wayne Allen All year 81   56   137     Hammond, Munster, Merrillville Lake All year 85   46   131     Indianapolis, Carmel Marion, Hamilton; Fort Benjamin Harrison All year 91   61   152     Lafayette Tippecanoe All year 80   51   131     South Bend St. Turbotax amended return 2011 Joseph All year 87   56   143     Valparaiso, Burlington Beach Porter All year 79   51   130   KS Kansas City, Overland Park Wyandotte, Johnson, Leavenworth All year 99   61   160     Wichita Sedgwick All year 89   56   145   KY Boone County Boone All year 88   51   139     Kenton County Kenton All year 115   56   171     Lexington Fayette All year 89   61   150     Louisville Jefferson 1/1 - 5/31 101   61   162         6/1 - 8/31 95   61   156         9/1 - 12/31 101   61   162   LA Baton Rouge East Baton Rouge Parish All year 96   56   152     Covington, Slidell St. Turbotax amended return 2011 Tammany Parish All year 88   56   144     Lafayette Lafayette Consolidated Government All year 87   56   143     Lake Charles Calcasieu Parish All year 79   61   140     New Orleans Orleans, Jefferson, Plaquemines, and 1/1 - 6/30 131   71   202       St. Turbotax amended return 2011 Bernard Parishes 7/1 - 9/30 98   71   169         10/1 - 12/31 131   71   202   MA Andover Essex All year 83   56   139     Boston, Cambridge Suffolk; City of Cambridge 1/1 - 3/31 154   71   225         4/1 - 6/30 190   71   261         7/1 - 8/31 171   71   242         9/1 - 10/31 206   71   277         11/1 - 12/31 154   71   225     Burlington, Woburn Middlesex less the city of Cambridge All year 108   71   179   Table 3. Turbotax amended return 2011 (Effective October 1, 2010 – September 30, 2011) (Continued) Per Diem Locality Computing Maximum Rate State Key City2 County and/or Other Defined Location3,4 Effective Dates Maximum  Lodging  Rate M&IE  Rate Maximum  Per Diem  Rate MA Falmouth City limits of Falmouth 1/1 - 4/30 $95   $51   $146         5/1 - 6/30 107   51   158         7/1 - 8/31 161   51   212         9/1 - 12/31 95   51   146     Hyannis Barnstable less the city of Falmouth 1/1 - 6/30 85   56   141         7/1 - 8/31 123   56   179         9/1 - 12/31 85   56   141     Martha's Vineyard Dukes 1/1 - 6/30 114   71   185         7/1 - 8/31 201   71   272         9/1 - 12/31 114   71   185     Nantucket Nantucket 1/1 - 5/31 128   61   189         6/1 - 9/30 243   61   304         10/1 - 12/31 128   61   189     Northampton Hampshire All year 92   56   148     Pittsfield Berkshire 1/1 - 6/30 107   61   168         7/1 - 8/31 126   61   187         9/1 - 12/31 107   61   168     Plymouth, Taunton, New Bedford Plymouth, Bristol All year 88   56   144     Quincy Norfolk All year 114   51   165     Springfield Hampden All year 93   51   144     Worcester Worcester All year 90   61   151   MD Counties of Montgomery   1/1 - 2/28 181   71   252     and Prince George's   3/1 - 6/30 211   71   282         7/1 - 8/31 157   71   228         9/1 - 10/31 211   71   282         11/1 - 12/31 181   71   252     Aberdeen, Bel Air, Belcamp Harford All year 84   56   140     Annapolis Anne Arundel 1/1 - 4/30 100   61   161         5/1 - 10/31 114   61   175         11/1 - 12/31 100   61   161     Baltimore City Baltimore City 1/1 - 2/28 121   71   192         3/1 - 11/30 144   71   215         12/1 - 12/31 121   71   192     Baltimore County Baltimore All year 99   61   160     Cambridge, St. Turbotax amended return 2011 Michaels Dorchester, Talbot 1/1 - 3/31 101   61   162         4/1 - 5/31 119   61   180         6/1 - 8/31 170   61   231         9/1 - 10/31 131   61   192         11/1 - 12/31 101   61   162     Centreville Queen Anne All year 103   51   154     Columbia Howard All year 105   61   166     Frederick Frederick All year 92   56   148     Hagerstown Washington All year 78   56   134     La Plata, Indian Head Charles All year 84   51   135     Lexington Park, Leonardtown, Lusby St. Turbotax amended return 2011 Mary's, Calvert All year 102   61   163   Table 3. Turbotax amended return 2011 (Effective October 1, 2010 – September 30, 2011) (Continued) Per Diem Locality Computing Maximum Rate State Key City2 County and/or Other Defined Location3,4 Effective Dates Maximum  Lodging  Rate M&IE  Rate Maximum  Per Diem  Rate MD Ocean City Worcester 1/1 - 3/31 $77   $71   $148         4/1 - 5/31 88   71   159         6/1 - 8/31 192   71   263         9/1 - 10/31 105   71   176         11/1 - 12/31 77   71   148   ME Bar Harbor Hancock 1/1 - 6/30 86   61   147         7/1 - 8/31 140   61   201         9/1 - 10/31 112   61   173         11/1 - 12/31 86   61   147     Kennebunk, Kittery, York 1/1 - 3/31 77   56   133     Sanford   4/1 - 6/30 86   56   142         7/1 - 8/31 122   56   178         9/1 - 10/31 96   56   152         11/1 - 12/31 77   56   133     Portland Cumberland, Sagadahoc 1/1 - 6/30 89   56   145         7/1 - 9/30 109   56   165         10/1 - 12/31 89   56   145     Rockport Knox 1/1 - 6/30 80   56   136         7/1 - 9/30 106   56   162         10/1 - 12/31 80   56   136   MI Ann Arbor Washtenaw All year 87   56   143     Detroit Wayne All year 95   56   151     East Lansing, Lansing Ingham, Eaton All year 82   51   133     Grand Rapids Kent All year 81   51   132     Holland Ottawa All year 81   56   137     Kalamazoo, Battle Creek Kalamazoo, Calhoun All year 87   51   138     Midland Midland All year 90   46   136     Muskegon Muskegon 1/1 - 5/31 77   46   123         6/1 - 8/31 101   46   147         9/1 - 12/31 77   46   123     Petoskey Emmet 1/1 - 6/30 77   51   128         7/1 - 8/31 99   51   150         9/1 - 12/31 77   51   128     Pontiac, Auburn Hills Oakland All year 87   56   143     South Haven Van Buren 1/1 - 5/31 77   56   133         6/1 - 8/31 89   56   145         9/1 - 12/31 77   56   133     Traverse City, Leland Grand Traverse, Leelanau 1/1 - 6/30 77   51   128         7/1 - 8/31 109   51   160         9/1 - 12/31 77   51   128   MN Duluth St. Turbotax amended return 2011 Louis 1/1 - 5/31 80   56   136         6/1 - 10/31 99   56   155         11/1 - 12/31 80   56   136     Eagan, Burnsville, Mendota Heights Dakota All year 82   56   138     Minneapolis, St. Turbotax amended return 2011 Paul Hennepin, Ramsey All year 120   71   191     Rochester Olmsted All year 95   51   146   MO Columbia Boone All Year 78   51   129   Table 3. Turbotax amended return 2011 (Effective October 1, 2010 – September 30, 2011) (Continued) Per Diem Locality Computing Maximum Rate State Key City2 County and/or Other Defined Location3,4 Effective Dates Maximum  Lodging  Rate M&IE  Rate Maximum  Per Diem  Rate MO Kansas City Jackson, Clay, Cass, Platte All year $99   $61   $160     St. Turbotax amended return 2011 Louis St. Turbotax amended return 2011 Louis, St. Turbotax amended return 2011 Charles, Crawford, Franklin, Jefferson, Lincoln, Warren, Washington; St. Turbotax amended return 2011 Louis City All year 105   66   171     St. Turbotax amended return 2011 Robert Pulaski All year 78   46   124   MS Gulfport, Biloxi Harrison All year 82   56   138     Hattiesburg Forrest, Lamar All year 85   51   136     Oxford Lafayette County Before 4/01/11 77   46   123         After 3/31/11 96   51   147     Robinsonville Tunica All year 82   51   133     Southaven Desoto All year 88   46   134     Starkville Oktibbeha All year 91   46   137   MT Big Sky, West Gallatin 1/1 - 5/31 80   61   141     Yellowstone   6/1 - 8/31 105   61   166         9/1 - 12/31 80   61   141     Butte Silver Bow All year 86   51   137     Helena Lewis and Clark All year 81   56   137     Missoula, Polson, Missoula, Lake, Flathead 1/1 - 6/30 87   51   138     Kalispell   7/1 - 8/31 104   51   155         9/1 - 12/31 87   51   138   NC Asheville Buncombe 1/1 - 6/30 81   51   132         7/1 - 10/31 90   51   141         11/1 - 12/31 81   51   132     Atlantic Beach, Carteret 1/1 - 5/31 81   56   137     Morehead City   6/1 - 8/31 110   56   166         9/1 - 12/31 81   56   137     Chapel Hill Orange All year 86   56   142     Charlotte Mecklenburg All year 95   51   146     Durham Durham All year 89   51   140     Fayetteville Cumberland All year 91   51   142     Greensboro Guilford All year 85   56   141     Greenville Pitt All year 79   51   130     Kill Devil Dare 1/1 - 5/31 90   61   151         6/1 - 8/31 143   61   204         9/1 - 12/31 90   61   151     New Bern, Havelock Craven All year 94   46   140     Raleigh Wake All year 90   66   156     Wilmington New Hanover All year 97   56   153     Winston-Salem Forsyth All year 83   56   139   ND The standard CONUS rate of $123 ($77 for lodging and $46 for M&IE) applies to all per diem localities in North Dakota. Turbotax amended return 2011 NE Omaha Douglas 1/1 - 4/30 93   61   154         5/1 - 6/30 104   61   165         7/1 - 12/31 93   61   154   NH Concord Merrimack 1/1 - 5/31 82   51   133         6/1 - 9/30 92   51   143         10/1 - 12/31 82   51   133     Conway Carroll 1/1 - 2/28 116   61   177         3/1 - 6/30 102   61   163         7/1 - 8/31 141   61   202         9/1 - 12/31 116   61   177   Table 3. Turbotax amended return 2011 (Effective October 1, 2010 – September 30, 2011) (Continued) Per Diem Locality Computing Maximum Rate State Key City2 County and/or Other Defined Location3,4 Effective Dates Maximum  Lodging  Rate M&IE  Rate Maximum  Per Diem  Rate NH Durham Strafford All year $94   $46   $140     Laconia Belknap 1/1 - 5/31 85   51   136         6/1 - 10/31 101   51   152         11/1 - 12/31 85   51   136     Lebanon, Lincoln, West Lebanon Grafton, Sullivan All year 101   56   157     Manchester Hillsborough All year 86   56   142     Portsmouth Rockingham 1/1 - 6/30 102   61   163         7/1 - 9/30 126   61   187         10/1 - 12/31 102   61   163   NJ Atlantic City, Cape Atlantic, Cape May 1/1 - 3/31 87   66   153     May, Ocean City   4/1 - 12/31 100   66   166     Belle Mead Somerset All year 116   56   172     Cherry Hill, Moorestown Camden, Burlington All year 92   61   153     Eatontown, Freehold Monmouth All year 110   56   166     Edison, Piscataway Middlesex All year 109   51   160     Flemington Hunterdon All year 107   61   168     Newark Bergen, Essex, Hudson, Passaic All year 116   61   177     Parsippany Morris All year 125   56   181     Princeton, Trenton Mercer All year 126   61   187     Springfield, Cranford, New Providence Union All year 94   56   150     Toms River Ocean 1/1 - 5/31 78   51   129         6/1 - 8/31 99   51   150         9/1 - 12/31 78   51   129   NM Albuquerque Bernalillo All year 81   56   137     Las Cruces Dona Ana All year 79   56   135     Los Alamos Los Alamos All year 86   51   137     Santa Fe Santa Fe 1/1 - 6/30 82   71   153         7/1 - 10/31 100   71   171         11/1 - 12/31 82   71   153     Taos Taos All year 87   66   153   NV Incline Village, Washoe 1/1 - 6/30 98   51   149     Reno, Sparks   7/1 - 8/31 123   51   174         9/1 - 12/31 98   51   149     Las Vegas Clark All year 93   71   164     Stateline, Carson City Douglas, Carson City All year 93   61   154   NY Albany Albany All year 104   61   165     Binghamton, Owego Broome, Tioga All year 90   46   136     Buffalo Erie All year 98   56   154     Floral Park, Garden City, Great Neck Nassau All year 143   66   209     Glens Falls Warren 1/1 - 6/30 92   66   158         7/1 - 8/31 133   66   199         9/1 - 12/31 92   66   158     Ithaca, Waterloo, Romulus Tompkins, Seneca All year 114   46   160   Table 3. Turbotax amended return 2011 (Effective October 1, 2010 – September 30, 2011) (Continued) Per Diem Locality Computing Maximum Rate State Key City2 County and/or Other Defined Location3,4 Effective Dates Maximum  Lodging  Rate M&IE  Rate Maximum  Per Diem  Rate NY Kingston Ulster All year $101   $66   $167     Lake Placid Essex 1/1 - 2/28 124   61   185         3/1 - 6/30 99   61   160         7/1 - 8/31 145   61   206         9/1 - 11/30 103   61   164         12/1 - 12/31 124   61   185     Manhattan (includes Bronx, Kings, New York, Queens, Richmond Before 1/1/11:               the boroughs of   10/1 - 12/31 269   71   340     Manhattan, Brooklyn   After 12/31/10:               the Bronx, Queens, and Staten Island)   1/1 - 3/31 192   71   263         4/1 - 5/31 212   71   283         6/1 - 8/31 224   71   295         9/1 - 12/31 295   71   366     Niagara Falls Niagara 1/1 - 5/31 77   51   128         6/1 - 8/31 100   51   151         9/1 - 12/31 77   51   128     Nyack, Palisades Rockland All year 103   61   164     Poughkeepsie Dutchess All year 95   66   161     Riverhead, Suffolk 1/1 - 5/31 114   71   185     Ronkonkoma, Melville   6/1 - 8/31 137   71   208         9/1 - 12/31 114   71   185     Rochester Monroe All year 96   51   147     Saratoga Springs, Saratoga, Schenectady 1/1 - 6/30 104   56   160     Schenectady   7/1 - 8/31 151   56   207         9/1 - 12/31 104   56   160     Syracuse, Oswego Onondaga, Oswego All year 93   56   149     Tarrytown, White Plains, New Rochelle Westchester All year 142   71   213     Troy Rensselaer All year 94   51   145     West Point Orange All year 109   51   160   OH Akron Summit All year 85   51   136     Canton Stark All year 88   51   139     Cincinnati Hamilton, Clermont All year 115   56   171     Cleveland Cuyahoga All year 102   56   158     Columbus Franklin All year 94   56   150     Dayton, Fairborn Greene, Darke, Montgomery All year 81   56   137     Hamilton Butler, Warren All year 92   51   143     Mentor Lake All year 88   46   134     Rittman Wayne, Medina All year 87   51   138     Sandusky, Bellevue Erie, Huron 1/1 - 5/31 77   46   123         6/1 - 8/31 83   46   129         9/1 - 12/31 77   46   123     Youngstown Mahoning, Trumbull All year 82   51   133   OK Oklahoma City Oklahoma All year 82   66   148     Tulsa Tulsa, Creek, Osage, Rogers All year 80   61   141   OR Ashland, Crater Lake Jackson, Klamath All year 80   56   136     Beaverton Washington All year 90   51   141   Table 3. Turbotax amended return 2011 (Effective October 1, 2010 – September 30, 2011) (Continued) Per Diem Locality Computing Maximum Rate State Key City2 County and/or Other Defined Location3,4 Effective Dates Maximum  Lodging  Rate M&IE  Rate Maximum  Per Diem  Rate OR Bend Deschutes 1/1 - 6/30 $88   $61   $149         7/1 - 8/31 110   61   171         9/1 - 12/31 88   61   149     Clackamas Clackamas All year 87   61   148     Eugene, Florence Lane All year 97   51   148     Lincoln City Lincoln 1/1 - 6/30 83   56   139         7/1 - 8/31 104   56   160         9/1 - 12/31 83   56   139     Portland Multnomah All year 113   66   179     Seaside Clatsop 1/1 - 6/30 93   51   144         7/1 - 8/31 130   51   181         9/1 - 12/31 93   51   144   PA Allentown, Easton, Bethlehem Lehigh, Northampton All year 84   51   135     Bucks County Bucks All year 95   71   166     Chester, Radnor, Essington Delaware All year 96   51   147     Erie Erie All year 82   46   128     Gettysburg Adams 1/1 - 3/31 79   51   130         4/1 - 10/31 98   51   149         11/1 - 12/31 79   51   130     Harrisburg, Hershey Dauphin Before 1/1/11:                   10/31 - 12/31 106   51   157         After 12/31/10:                   1/1 - 3/31 106   51   157         3/31 - 5/31 107   51   158         6/1 - 8/31 134   51   185         9/1 - 12/31 107   51   158     Lancaster Lancaster All year 96   56   152     Malvern, Frazer, Berwyn Chester All year 116   51   167     Mechanicsburg Cumberland All year 83   56   139     Montgomery County Montgomery All year 115   66   181     Philadelphia Philadelphia 1/1 - 8/31 136   66   202         9/1 - 11/30 149   66   215         12/1 - 12/31 136   66   202     Pittsburgh Allegheny All year 115   71   186     Reading Berks All year 89   56   145     Scranton Lackawanna All year 80   56   136     State College Centre All year 86   56   142   RI East Greenwich, Warwick, North Kingstown Kent, Washington All year 84   56   140     Jamestown, Middletown, Newport 1/1 - 4/30 96   71   167     Newport   5/1 - 10/31 145   71   216         11/1 - 12/31 96   71   167     Providence, Bristol Providence, Bristol All year 122   71   193   SC Aiken Aiken All year 81   46   127     Charleston Charleston, Berkeley, Dorchester All year 132   56   188     Columbia Richland, Lexington All year 85   51   136     Greenville Greenville All year 82   56   138   Table 3. Turbotax amended return 2011 (Effective October 1, 2010 – September 30, 2011) (Continued) Per Diem Locality Computing Maximum Rate State Key City2 County and/or Other Defined Location3,4 Effective Dates Maximum  Lodging  Rate M&IE  Rate Maximum  Per Diem  Rate SC Hilton Head Beaufort 1/1 - 3/31 $87   $61   $148         4/1 - 8/31 127   61   188         9/1 - 10/31 104   61   165         11/1 - 12/31 87   61   148     Myrtle Beach Horry 1/1 - 3/31 77   51   128         4/1 - 5/31 89   51   140         6/1 - 8/31 116   51   167         9/1 - 10/31 80   51   131         11/1 - 12/31 77   51   128   SD Hot Springs Fall River, Custer 1/1 - 5/31 77   46   123         6/1 - 8/31 101   46   147         9/1 - 12/31 77   46   123     Rapid City Pennington 1/1 - 5/31 77   51   128         6/1 - 8/31 121   51   172         9/1 - 12/31 77   51   128     Sturgis, Spearfish Meade, Butte, Lawrence 1/1 - 5/31 77   51   128         6/1 - 8/31 108   51   159         9/1 - 12/31 77   51   128   TN Brentwood, Franklin Williamson All year 94   56   150     Chattanooga Hamilton All year 88   56   144     Knoxville Knox All year 84   56   140     Memphis Shelby All year 96   61   157     Nashville Davidson All year 110   66   176     Oak Ridge Anderson All year 90   46   136   TX Arlington, Fort Worth, Grapevine Tarrant; City limits of Grapevine All year 138   56   194     Austin Travis All year 104   71   175     Beaumont Jefferson All year 86   51   137     College Station Brazos All year 93   56   149     Corpus Christi Nueces All year 87   51   138     Dallas Dallas; City of Dallas All year 107   71   178     El Paso El Paso All year 88   51   139     Galveston Galveston 1/1 - 2/28 84   56   140         3/1 - 8/31 101   56   157         9/1 - 12/31 84   56   140     Greenville Hunt Before 4/01/2011 78   51   129         After 3/31/2011 86   51   137     Houston Montgomery, Fort Bend, Harris; L. Turbotax amended return 2011 B. Turbotax amended return 2011 Johnson Space Center All year 109   71   180     Laredo Webb All year 78   56   134     McAllen Hidalgo All year 85   56   141     Midland Midland All year 92   51   143     Plano Collin All year 100   61   161     Round Rock Williamson All year 90   51   141     San Antonio Bexar All year 106   66   172     South Padre Island Cameron 1/1 - 5/31 85   56   141         6/1 - 7/31 107   56   163         8/1 - 12/31 85   56   141     Waco McLennan All year 85   51   136   Table 3. Turbotax amended return 2011 (Effective October 1, 2010 – September 30, 2011) (Continued) Per Diem Locality Computing Maximum Rate State Key City2 County and/or Other Defined Location3,4 Effective Dates Maximum  Lodging  Rate M&IE  Rate Maximum  Per Diem  Rate UT Moab Grand 1/1 - 2/28 $77   $56   $133         3/1 - 10/31 97   56   153         11/1 - 12/31 77   56   133     Park City Summit 1/1 - 3/31 153   71   224         4/1 - 12/31 89   71   160     Provo Utah All year 80   51   131     Salt Lake City Salt Lake, Tooele All year 95   61   156   VA Cities of Alexandria,   1/1 - 2/28 181   71   252     Fairfax, and Falls   3/1 - 6/30 211   71   282     Church; Counties of   7/1 - 8/31 157   71   228     Arlington and Fairfax   9/1 - 10/31 11/1 - 12/31 211 181   71 71   282 252     Abingdon Washington All year 86   46   132     Blacksburg Montgomery All year 95   46   141     Bowling Green Caroline County Before 4/01/2011 77   46   123         After 3/31/2011 89   56   145     Charlottesville Albemarle, Greene; City of Charlottesville All year 113   56   169     Chesapeake, Suffolk City of Chesapeake, City of Suffolk 1/1 - 5/31 78   56   134         6/1 - 8/31 88   56   144         9/1 - 12/31 78   56   134     Chesterfield, Henrico Counties Chesterfield, Henrico All year 87   51   138     Fredericksburg Stafford, Spotsylvania; City of Fredericksburg All year 89   56   145     James City, York, James City and York Counties; City of 1/1 - 3/31 77   51   128     Williamsburg Williamsburg 4/1 - 8/31 91   51   142         9/1 - 12/31 77   51   128     Loudoun County Loudoun All year 111   61   172     Lynchburg Campbell; City of Lynchburg All year 79   51   130     Manassas City of Manassas All year 82   46   128     Norfolk, Portsmouth City of Norfolk, City of Portsmouth All year 92   61   153     Prince William County Prince William All year 89   56   145     Richmond City City of Richmond All year 114   66   180     Roanoke City limits of Roanoke All year 99   51   150     Virginia Beach City of Virginia Beach 1/1 - 5/31 89   56   145         6/1 - 8/31 144   56   200         9/1 - 12/31 89   56   145     Wallops Island Accomack 1/1 - 6/30 84   56   140         7/1 - 8/31 125   56   181         9/1 - 12/31 84   56   140     Warrenton Fauquier All year 93   46   139   VT Burlington, St. Turbotax amended return 2011 Albans Chittenden, Franklin 1/1 - 5/31 92   66   158         6/1 - 10/31 111   66   177         11/1 - 12/31 92   66   158     Manchester Bennington All year 87   71   158     Middlebury Addison All year 115   61   176     Montpelier Washington All year 100   61   161     Stowe Lamoille 1/1 - 3/31 133   71   204         4/1 - 5/31 101   71   172         6/1 - 12/31 133   71   204   Table 3. Turbotax amended return 2011 (Effective October 1, 2010 – September 30, 2011) (Continued) Per Diem Locality Computing Maximum Rate State Key City2 County and/or Other Defined Location3,4 Effective Dates Maximum  Lodging  Rate M&IE  Rate Maximum  Per Diem  Rate VT White River Junction Windsor 1/1 - 2/28 $101   $56   $157         3/1 - 5/31 89   56   145         6/1 - 12/31 101   56   157   WA Anacortes, Coupeville, Oak Harbor San Juan, Skagit, Island All year 90   61   151     Bremerton Kitsap All year 78   66   144     Everett, Lynnwood Snohomish All year 94   61   155     Ocean Shores Grays Harbor 1/1 - 6/30 88   51   139         7/1 - 8/31 107   51   158         9/1 - 12/31 88   51   139     Olympia, Tumwater Thurston All year 86   61   147     Port Angeles, Port Clallam, Jefferson 1/1 - 6/30 94   61   155     Townsend   7/1 - 8/31 123   61   184         9/1 - 12/31 94   61   155     Richland Benton All year 88   46   134     Seattle King All year 139   71   210     Spokane Spokane All year 86   61   147     Tacoma Pierce All year 109   61   170     Vancouver Clark, Cowlitz, Skamania All year 113   56   169   WI Appleton Outagamie All year 81   46   127     Brookfield, Racine Waukesha, Racine All year 87   56   143     Lake Geneva Walworth 1/1 - 5/31 90   51   141         6/1 - 9/30 122   51   173         10/1 - 12/31 90   51   141     Madison Dane All year 88   56   144     Milwaukee Milwaukee All year 95   61   156     Sturgeon Bay Door 1/1 - 6/30 77   56   133         7/1 - 9/30 86   56   142         10/1 - 12/31 77   56   133     Wisconsin Dells Columbia 1/1 - 6/30 77   61   138         7/1 - 8/31 85   61   146         9/1 - 12/31 77   61   138   WV Charleston Kanawha All year 95   51   146     Morgantown Monongalia All year 83   46   129     Shepherdstown Jefferson, Berkeley All year 82   51   133     Wheeling Ohio All year 94   46   140   WY Cody Park 1/1 - 5/31 84   51   135         6/1 - 9/30 117   51   168         10/1 - 12/31 84   51   135     Evanston, Rock Springs Uinta, Sweetwater All year 80   51   131   Table 3. Turbotax amended return 2011 (Effective October 1, 2010 – September 30, 2011) (Continued) Per Diem Locality Computing Maximum Rate State Key City2 County and/or Other Defined Location3,4 Effective Dates Maximum  Lodging  Rate M&IE  Rate Maximum  Per Diem  Rate WY Gillette Campbell 1/1 - 5/31 $91   $51   $142         6/1 - 8/31 109   51   160         9/1 - 12/31 91   51   142     Jackson, Pinedale Teton, Sublette 1/1 - 6/30 109   56   165         7/1 - 8/31 158   56   214         9/1 - 12/31 109   56   165     Sheridan Sheridan 1/1 - 5/31 77   56   133         6/1 - 8/31 89   56   145         9/1 - 12/31 77   56   133   1Transition rule. Turbotax amended return 2011 In lieu of the updated GSA rates that will be effective October 1, 2011, taxpayers may continue to use the CONUS rates in effect for the first 9 months of 2011 (Table 3) for expenses of all CONUS travel away from home that are paid or incurred during calendar year 2011. Turbotax amended return 2011 A taxpayer must consistently use either these rates or the updated rates for the period of October 1, 2011, through December 31, 2011. Turbotax amended return 2011 See Transition Rules under How To Use Per Diem Rate Tables for an example. Turbotax amended return 2011    2Unless otherwise specified, the per diem locality is defined as “all locations within, or entirely surrounded by, the corporate limits of the key city, including independent entities located within those boundaries. Turbotax amended return 2011 ”   3Per diem localities with county definitions shall include “all locations within, or entirely surrounded by, the corporate limits of the key city as well as the boundaries of the listed counties, including independent entities located within the boundaries of the key city and the listed counties (unless otherwise listed separately). Turbotax amended return 2011 ” 4When a military installation or Government-related facility (whether or not specifically named) is located partially within more than one city or county boundary, the applicable per diem rate for the entire installation or facility is the higher of the two rates which apply to the cities and/or counties, even though part(s) of such activities may be located outside the defined per diem locality. Turbotax amended return 2011   Note: Recognizing that all locations are not incorporated cities, the term “city limits” has been used as a general phrase to denote the commonly recognized local boundaries of the location cited. Turbotax amended return 2011         Table 4. Turbotax amended return 2011 Maximum Federal Per Diem Rates (Effective October 1, 2011 – September 30, 2012)1 Note: The standard rate of $123 ($77 for lodging and $46 for M&IE) applies to all locations within the continental United States (CONUS) not specifically listed below or encompassed by the boundary definition of a listed point. Turbotax amended return 2011 However, the standard CONUS rate applies to all locations within CONUS, including those defined below, for certain relocation allowances. Turbotax amended return 2011 (See parts 302-2, 302-4, and 302-5 of 41 CFR. Turbotax amended return 2011 ) Table 4 lists all per diem rates alphabetically by state abbreviation. Turbotax amended return 2011 Click on a link below to find rates for your state: Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas , Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming Per Diem Locality Computing Maximum Rate State Key City2 County and/or Other Defined Location3,4 Effective Dates Maximum  Lodging  Rate M&IE  Rate Maximum  Per Diem  Rate AL Birmingham Jefferson, Shelby All year $86   $56   $142     Gulf Shores Baldwin 1/1 - 5/31 100   51   151         6/1 - 7/31 117   51   168         8/1 - 12/31 100   51   151     Huntsville Madison, Limestone All year 87   51   138     Mobile Mobile All year 94   51   145     Montgomery/Prattville Montgomery/Autauga All year 80   51   131   AR Hot Springs Garland All year 101   46   147     Little Rock Pulaski All year 86   61   147   AZ Grand Canyon, Flagstaff Coconino (except city limits of Sedona), Yavapai 1/1 - 2/29 77   66   143         3/1 - 10/31 97   66   163         11/1 - 12/31 77   66   143     Kayenta Navajo 1/1 - 4/30 79   46   125         5/1 - 9/30 90   46   136         10/1 - 12/31 79   46   125     Phoenix, Scottsdale Maricopa 1/1 - 5/31 128   71   199         6/1 - 8/31 80   71   151         9/1 - 12/31 105   71   176     Sedona City limits of Sedona 1/1 - 2/29 127   66   193         3/1 - 4/30 145   66   211         5/1 - 12/31 127   66   193     Sierra Vista Cochise All year 83   46   129     Tucson Pima 1/1 - 1/31 90   56   146         2/1 - 5/31 103   56   159         6/1 - 8/31 77   56   133         9/1 - 12/31 90   56   146     Yuma Yuma All year 78   46