File your Taxes for Free!
  • Get your maximum refund*
  • 100% accurate calculations guaranteed*

TurboTax Federal Free Edition - File Taxes Online

Don't let filing your taxes get you down! We'll help make it as easy as possible. With e-file and direct deposit, there's no faster way to get your refund!

Approved TurboTax Affiliate Site. TurboTax and TurboTax Online, among others, are registered trademarks and/or service marks of Intuit Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of the respective owners.


© 2012 - 2018 All rights reserved.

This is an Approved TurboTax Affiliate site. TurboTax and TurboTax Online, among other are registered trademarks and/or service marks of Intuit, Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of the respective owners.
When discussing "Free e-file", note that state e-file is an additional fee. E-file fees do not apply to New York state returns. Prices are subject to change without notice. E-file and get your refund faster
*If you pay an IRS or state penalty or interest because of a TurboTax calculations error, we'll pay you the penalty and interest.
*Maximum Refund Guarantee - or Your Money Back: If you get a larger refund or smaller tax due from another tax preparation method, we'll refund the applicable TurboTax federal and/or state purchase price paid. TurboTax Federal Free Edition customers are entitled to payment of $14.99 and a refund of your state purchase price paid. Claims must be submitted within sixty (60) days of your TurboTax filing date and no later than 6/15/14. E-file, Audit Defense, Professional Review, Refund Transfer and technical support fees are excluded. This guarantee cannot be combined with the TurboTax Satisfaction (Easy) Guarantee. *We're so confident your return will be done right, we guarantee it. Accurate calculations guaranteed. If you pay an IRS or state penalty or interest because of a TurboTax calculations error, we'll pay you the penalty and interest.
https://turbotax.intuit.com/corp/guarantees.jsp

2012 Free State Tax Filing

H And R Block TaxesTurbotax 2011 Software1040x Form And InstructionsHandrblockHow Can I Efile My State Taxes For Free10 40 Ez FormFreetaxusa 2012Amended Tax Return FormTaxslayer LoginAmendmentFederal Tax Extension OnlineIrs Website For For 1040ezFile Tax AmendmentHow To File An Amended Tax Return Online2011 Online Tax SoftwareHow To File State Taxes OnlineForm 1040vLate TaxesAmending A Tax Return1040ez 2011 Tax FormTaxslayer LoginAmended 1040ezMyfreetaxes Com BaltimorecashIrs Easy FormUnemployment TaxHow To Complete 1040xOnline 1040ezTax Software ComparisonH And R Block Taxes FreeFile 2012 Taxes LateH&r Block Free Tax FilingFile An Amended Tax Return For 2010Amend Federal Tax Return FreeFederal Income Tax FormAmend TaxesFile State Tax OnlyFree State Filing OnlineH&r Block Online 1040xWhere To E- File 2012 Federal Tax Return For FreeE File Irs

2012 Free State Tax Filing

2012 free state tax filing 31. 2012 free state tax filing   Tax on Unearned Income of Certain Children Table of Contents What's New Introduction Useful Items - You may want to see: Which Parent's Return To UseParents Who Do Not File a Joint Return Parent's Election To Report Child's Interest and DividendsEffect of Making the Election Figuring Child's Income Figuring Additional Tax Tax for Certain Children Who Have Unearned IncomeProviding Parental Information (Form 8615, lines A–C) Step 1. 2012 free state tax filing Figuring the Child's Net Unearned Income (Form 8615, Part I) Step 2. 2012 free state tax filing Figuring Tentative Tax at the Parent's Tax Rate (Form 8615, Part II) Step 3. 2012 free state tax filing Figuring the Child's Tax (Form 8615, Part III) What's New Net Investment Income Tax. 2012 free state tax filing . 2012 free state tax filing  For tax years beginning after December 31, 2012, a child whose tax is figured on Form 8615 may be subject to the Net Investment Income Tax (NIIT). 2012 free state tax filing NIIT is a 3. 2012 free state tax filing 8% tax on the lesser of the net investment income or the excess of the child's modified adjusted gross income (MAGI) over the threshold amount. 2012 free state tax filing Use Form 8960, Net Investment Income Tax, to figure this tax. 2012 free state tax filing For more information on NIIT, go to www. 2012 free state tax filing irs. 2012 free state tax filing gov and enter “Net Investment Income Tax” in the search box. 2012 free state tax filing Introduction This chapter discusses the following two rules that may affect the tax on unearned income of certain children. 2012 free state tax filing If the child's interest and dividend income (including capital gain distributions) total less than $10,000, the child's parent may be able to choose to include that income on the parent's return rather than file a return for the child. 2012 free state tax filing (See Parent's Election To Report Child's Interest and Dividends , later. 2012 free state tax filing ) If the child's interest, dividends, and other unearned income total more than $2,000, part of that income may be taxed at the parent's tax rate instead of the child's tax rate. 2012 free state tax filing (See Tax for Certain Children Who Have Unearned Income , later. 2012 free state tax filing ) For these rules, the term “child” includes a legally adopted child and a stepchild. 2012 free state tax filing These rules apply whether or not the child is a dependent. 2012 free state tax filing Useful Items - You may want to see: Publication 929 Tax Rules for Children and Dependents Form (and Instructions) 8615 Tax for Certain Children Who Have Unearned Income 8814 Parents' Election To Report Child's Interest and Dividends Which Parent's Return To Use If a child's parents are married to each other and file a joint return, use the joint return to figure the tax on the child's unearned income. 2012 free state tax filing The tax rate and other return information from that return are used to figure the child's tax as explained later under Tax for Certain Children Who Have Unearned Income . 2012 free state tax filing Parents Who Do Not File a Joint Return For parents who do not file a joint return, the following discussions explain which parent's tax return must be used to figure the tax. 2012 free state tax filing Only the parent whose tax return is used can make the election described under Parent's Election To Report Child's Interest and Dividends . 2012 free state tax filing Parents are married. 2012 free state tax filing   If the child's parents file separate returns, use the return of the parent with the greater taxable income. 2012 free state tax filing Parents not living together. 2012 free state tax filing   If the child's parents are married to each other but not living together, and the parent with whom the child lives (the custodial parent) is considered unmarried, use the return of the custodial parent. 2012 free state tax filing If the custodial parent is not considered unmarried, use the return of the parent with the greater taxable income. 2012 free state tax filing   For an explanation of when a married person living apart from his or her spouse is considered unmarried, see Head of Household in chapter 2. 2012 free state tax filing Parents are divorced. 2012 free state tax filing   If the child's parents are divorced or legally separated, and the parent who had custody of the child for the greater part of the year (the custodial parent) has not remarried, use the return of the custodial parent. 2012 free state tax filing Custodial parent remarried. 2012 free state tax filing   If the custodial parent has remarried, the stepparent (rather than the noncustodial parent) is treated as the child's other parent. 2012 free state tax filing Therefore, if the custodial parent and the stepparent file a joint return, use that joint return. 2012 free state tax filing Do not use the return of the noncustodial parent. 2012 free state tax filing   If the custodial parent and the stepparent are married, but file separate returns, use the return of the one with the greater taxable income. 2012 free state tax filing If the custodial parent and the stepparent are married but not living together, the earlier discussion under Parents not living together applies. 2012 free state tax filing Parents never married. 2012 free state tax filing   If a child's parents have never been married to each other, but lived together all year, use the return of the parent with the greater taxable income. 2012 free state tax filing If the parents did not live together all year, the rules explained earlier under Parents are divorced apply. 2012 free state tax filing Widowed parent remarried. 2012 free state tax filing   If a widow or widower remarries, the new spouse is treated as the child's other parent. 2012 free state tax filing The rules explained earlier under Custodial parent remarried apply. 2012 free state tax filing Parent's Election To Report Child's Interest and Dividends You may be able to elect to include your child's interest and dividend income (including capital gain distributions) on your tax return. 2012 free state tax filing If you do, your child will not have to file a return. 2012 free state tax filing You can make this election only if all the following conditions are met. 2012 free state tax filing Your child was under age 19 (or under age 24 if a full-time student) at the end of the year. 2012 free state tax filing Your child had income only from interest and dividends (including capital gain distributions and Alaska Permanent Fund dividends). 2012 free state tax filing The child's gross income was less than $10,000. 2012 free state tax filing The child is required to file a return unless you make this election. 2012 free state tax filing The child does not file a joint return for the year. 2012 free state tax filing No estimated tax payment was made for the year, and no overpayment from the previous year (or from any amended return) was applied to this year under your child's name and social security number. 2012 free state tax filing No federal income tax was taken out of your child's income under the backup withholding rules. 2012 free state tax filing You are the parent whose return must be used when applying the special tax rules for children. 2012 free state tax filing (See Which Parent's Return To Use , earlier. 2012 free state tax filing ) These conditions are also shown in Figure 31-A. 2012 free state tax filing Certain January 1 birthdays. 2012 free state tax filing   A child born on January 1, 1995, is considered to be age 19 at the end of 2013. 2012 free state tax filing You cannot make this election for such a child unless the child was a full-time student. 2012 free state tax filing   A child born on January 1, 1990, is considered to be age 24 at the end of 2013. 2012 free state tax filing You cannot make this election for such a child. 2012 free state tax filing Full-time student. 2012 free state tax filing   A full-time student is a child who during some part of each of any 5 calendar months of the year was enrolled as a full-time student at a school, or took a full-time on-farm training course given by a school or a state, county, or local government agency. 2012 free state tax filing A school includes a technical, trade, or mechanical school. 2012 free state tax filing It does not include an on-the-job training course, correspondence school, or school offering courses only through the Internet. 2012 free state tax filing How to make the election. 2012 free state tax filing   Make the election by attaching Form 8814 to your Form 1040. 2012 free state tax filing (If you make this election, you cannot file Form 1040A or Form 1040EZ. 2012 free state tax filing ) Attach a separate Form 8814 for each child for whom you make the election. 2012 free state tax filing You can make the election for one or more children and not for others. 2012 free state tax filing Effect of Making the Election The federal income tax on your child's income may be more if you make the Form 8814 election. 2012 free state tax filing Rate may be higher. 2012 free state tax filing   If your child received qualified dividends or capital gain distributions, you may pay up to $100 more tax if you make this election instead of filing a separate tax return for the child. 2012 free state tax filing This is because the tax rate on the child's income between $1,000 and $2,000 is 10% if you make this election. 2012 free state tax filing However, if you file a separate return for the child, the tax rate may be as low as 0% (zero percent) because of the preferential tax rates for qualified dividends and capital gain distributions. 2012 free state tax filing Deductions you cannot take. 2012 free state tax filing   By making the Form 8814 election, you cannot take any of the following deductions that the child would be entitled to on his or her return. 2012 free state tax filing The additional standard deduction if the child is blind. 2012 free state tax filing The deduction for a penalty on an early withdrawal of your child's savings. 2012 free state tax filing Itemized deductions (such as your child's investment expenses or charitable contributions). 2012 free state tax filing Reduced deductions or credits. 2012 free state tax filing   If you use Form 8814, your increased adjusted gross income may reduce certain deductions or credits on your return including the following. 2012 free state tax filing Deduction for contributions to a traditional individual retirement arrangement (IRA). 2012 free state tax filing Deduction for student loan interest. 2012 free state tax filing Itemized deductions for medical expenses, casualty and theft losses, and certain miscellaneous expenses. 2012 free state tax filing Credit for child and dependent care expenses. 2012 free state tax filing Child tax credit. 2012 free state tax filing Education tax credits. 2012 free state tax filing Earned income credit. 2012 free state tax filing Penalty for underpayment of estimated tax. 2012 free state tax filing   If you make this election for 2013 and did not have enough tax withheld or pay enough estimated tax to cover the tax you owe, you may be subject to a penalty. 2012 free state tax filing If you plan to make this election for 2014, you may need to increase your federal income tax withholding or your estimated tax payments to avoid the penalty. 2012 free state tax filing See chapter 4 for more information. 2012 free state tax filing Figuring Child's Income Use Form 8814, Part I, to figure your child's interest and dividend income to report on your return. 2012 free state tax filing Only the amount over $2,000 is added to your income. 2012 free state tax filing The amount over $2,000 is shown on Form 8814, line 6. 2012 free state tax filing Unless the child's income includes qualified dividends or capital gain distributions (discussed next), the same amount is shown on Form 8814, line 12. 2012 free state tax filing Include the amount from Form 8814, line 12, on Form 1040, line 21. 2012 free state tax filing Enter “Form 8814” on the dotted line next to line 21. 2012 free state tax filing If you file more than one Form 8814, include the total amounts from line 12 of all your Forms 8814 on Form 1040, line 21. 2012 free state tax filing Capital gain distributions and qualified dividends. 2012 free state tax filing   If your child's dividend income included any capital gain distributions, see Capital gain distributions under Figuring Child's Income in Publication 929, Part 2. 2012 free state tax filing If your child's dividend income included any qualified dividends, see Qualified dividends under Figuring Child's Income in Publication 929, Part 2. 2012 free state tax filing Figuring Additional Tax Use Form 8814, Part II, to figure the tax on the $2,000 of your child's interest and dividends that you do not include in your income. 2012 free state tax filing This tax is added to the tax figured on your income. 2012 free state tax filing This additional tax is the smaller of: 10% × (your child's gross income − $1,000), or $100. 2012 free state tax filing Include the amount from line 15 of all your Forms 8814 in the total on Form 1040, line 44. 2012 free state tax filing Check box a on Form 1040, line 44. 2012 free state tax filing Figure 31-A. 2012 free state tax filing Can You Include Your Child's Income On Your Tax Return? Please click here for the text description of the image. 2012 free state tax filing Figure 31–A. 2012 free state tax filing Can You Include Your Child's Income On Your Tax Return? Tax for Certain Children Who Have Unearned Income If a child's interest, dividends, and other unearned income total more than $2,000, part of that income may be taxed at the parent's tax rate instead of the child's tax rate. 2012 free state tax filing If the parent does not or cannot choose to include the child's income on the parent's return, use Form 8615 to figure the child's tax. 2012 free state tax filing Attach the completed form to the child's Form 1040 or Form 1040A. 2012 free state tax filing When Form 8615 must be filed. 2012 free state tax filing   Form 8615 must be filed for a child if all of the following statements are true. 2012 free state tax filing The child's investment income was more than $2,000. 2012 free state tax filing The child is required to file a return for 2013. 2012 free state tax filing The child either: Was under age 18 at the end of the year, Was age 18 at the end of the year and did not have earned income that was more than half of his or her support, or Was over age 18 and under age 24 at the end of the year, was a full-time student, and did not have earned income that was more than half of his or her support. 2012 free state tax filing At least one of the child's parents was alive at the end of 2013. 2012 free state tax filing The child does not file a joint return for 2013. 2012 free state tax filing These conditions are also shown in  Figure 31-B. 2012 free state tax filing Earned income. 2012 free state tax filing   Earned income includes salaries, wages, tips, and other payments received for personal services performed. 2012 free state tax filing It does not include unearned income as defined later in this chapter. 2012 free state tax filing Support. 2012 free state tax filing   Your child's support includes all amounts spent to provide the child with food, lodging, clothing, education, medical and dental care, recreation, transportation, and similar necessities. 2012 free state tax filing To figure your child's support, count support provided by you, your child, and others. 2012 free state tax filing However, a scholarship received by your child is not considered support if your child is a full-time student. 2012 free state tax filing See chapter 3 for details about support. 2012 free state tax filing Certain January 1 birthdays. 2012 free state tax filing   Use the following chart to determine whether certain children with January 1 birthdays meet condition 3 under When Form 8615 must be filed. 2012 free state tax filing Figure 31-B. 2012 free state tax filing Do You Have To Use Form 8615 To Figure Your Child's Tax? Please click here for the text description of the image. 2012 free state tax filing Figure 31-B. 2012 free state tax filing Do You Have To Use Form 8615 To Figure Your Child's Tax?    IF a child was born on. 2012 free state tax filing . 2012 free state tax filing . 2012 free state tax filing THEN, at the end of 2013, the child is considered to be. 2012 free state tax filing . 2012 free state tax filing . 2012 free state tax filing January 1, 1996 18* January 1, 1995 19** January 1, 1990 24*** *This child is not under age 18. 2012 free state tax filing The child meets condition 3 only if the child did not have earned income that was more than half of the child's support. 2012 free state tax filing  **This child meets condition 3 only if the child was a full-time student who did not have earned income that was more than half of the child's support. 2012 free state tax filing  ***Do not use Form 8615 for this child. 2012 free state tax filing Providing Parental Information (Form 8615, lines A–C) On Form 8615, lines A and B, enter the parent's name and social security number. 2012 free state tax filing (If the parents filed a joint return, enter the name and social security number listed first on the joint return. 2012 free state tax filing ) On line C, check the box for the parent's filing status. 2012 free state tax filing See Which Parent's Return To Use at the beginning of this chapter for information on which parent's return information must be used on Form 8615. 2012 free state tax filing Parent with different tax year. 2012 free state tax filing   If the parent and the child do not have the same tax year, complete Form 8615 using the information on the parent's return for the tax year that ends in the child's tax year. 2012 free state tax filing Parent's return information not known timely. 2012 free state tax filing   If the information needed from the parent's return is not known by the time the child's return is due (usually April 15), you can file the return using estimates. 2012 free state tax filing   You can use any reasonable estimate. 2012 free state tax filing This includes using information from last year's return. 2012 free state tax filing If you use an estimated amount on Form 8615, enter “Estimated” on the line next to the amount. 2012 free state tax filing    When you get the correct information, file an amended return on Form 1040X, Amended U. 2012 free state tax filing S. 2012 free state tax filing Individual Income Tax Return. 2012 free state tax filing   Instead of using estimates, you can get an automatic 6-month extension of time to file if, by the date your return is due, you file Form 4868, Application for Automatic Extension of Time To File U. 2012 free state tax filing S. 2012 free state tax filing Individual Income Tax Return. 2012 free state tax filing Extensions are discussed in chapter 1. 2012 free state tax filing Step 1. 2012 free state tax filing Figuring the Child's Net Unearned Income (Form 8615, Part I) The first step in figuring a child's tax using Form 8615 is to figure the child's net unearned income. 2012 free state tax filing To do that, use Form 8615, Part I. 2012 free state tax filing Line 1 (unearned income). 2012 free state tax filing   If the child had no earned income, enter on this line the adjusted gross income shown on the child's return. 2012 free state tax filing Adjusted gross income is shown on Form 1040, line 38, or Form 1040A, line 22. 2012 free state tax filing Form 1040EZ cannot be used if Form 8615 must be filed. 2012 free state tax filing   If the child had earned income, figure the amount to enter on Form 8615, line 1, by using the worksheet in the instructions for the form. 2012 free state tax filing   However, if the child has: excluded any foreign earned income, deducted either a loss from self-employment, or deducted a net operating loss from another year, then use the Alternate Worksheet for Form 8615, Line 1, in Publication 929 to figure the amount to enter on Form 8615, line 1. 2012 free state tax filing Unearned income defined. 2012 free state tax filing   Unearned income is generally all income other than salaries, wages, and other amounts received as pay for work actually done. 2012 free state tax filing It includes taxable interest, dividends (including capital gain distributions), capital gains, unemployment compensation, the taxable part of social security and pension payments, and certain distributions from trusts. 2012 free state tax filing Unearned income includes amounts produced by assets the child obtained with earned income (such as interest on a savings account into which the child deposited wages). 2012 free state tax filing Nontaxable income. 2012 free state tax filing   For this purpose, unearned income includes only amounts the child must include in total income. 2012 free state tax filing Nontaxable unearned income, such as tax-exempt interest and the nontaxable part of social security and pension payments, is not included. 2012 free state tax filing Income from property received as a gift. 2012 free state tax filing   A child's unearned income includes all income produced by property belonging to the child. 2012 free state tax filing This is true even if the property was transferred to the child, regardless of when the property was transferred or purchased or who transferred it. 2012 free state tax filing   A child's unearned income includes income produced by property given as a gift to the child. 2012 free state tax filing This includes gifts to the child from grandparents or any other person and gifts made under the Uniform Gift to Minors Act. 2012 free state tax filing Example. 2012 free state tax filing Amanda Black, age 13, received the following income. 2012 free state tax filing Dividends — $800 Wages — $2,100 Taxable interest — $1,200 Tax-exempt interest — $100 Net capital gains — $100 The dividends were qualified dividends on stock given to her by her grandparents. 2012 free state tax filing Amanda's unearned income is $2,100. 2012 free state tax filing This is the total of the dividends ($800), taxable interest ($1,200), and net capital gains ($100). 2012 free state tax filing Her wages are earned (not unearned) income because they are received for work actually done. 2012 free state tax filing Her tax-exempt interest is not included because it is nontaxable. 2012 free state tax filing Trust income. 2012 free state tax filing   If a child is the beneficiary of a trust, distributions of taxable interest, dividends, capital gains, and other unearned income from the trust are unearned income to the child. 2012 free state tax filing   However, for purposes of completing Form 8615, a taxable distribution from a qualified disability trust is considered earned income, not unearned income. 2012 free state tax filing Line 2 (deductions). 2012 free state tax filing   If the child does not itemize deductions on Schedule A (Form 1040), enter $2,000 on line 2. 2012 free state tax filing   If the child does itemize deductions, enter on line 2 the larger of: $1,000 plus the portion of the child's itemized deductions on Schedule A (Form 1040), line 29, that are directly connected with the production of unearned income entered on line 1, or $2,000. 2012 free state tax filing Directly connected. 2012 free state tax filing   Itemized deductions are directly connected with the production of unearned income if they are for expenses paid to produce or collect taxable income or to manage, conserve, or maintain property held for producing income. 2012 free state tax filing These expenses include custodian fees and service charges, service fees to collect taxable interest and dividends, and certain investment counsel fees. 2012 free state tax filing   These expenses are added to certain other miscellaneous itemized deductions on Schedule A (Form 1040). 2012 free state tax filing Only the amount greater than 2% of the child's adjusted gross income can be deducted. 2012 free state tax filing See chapter 28 for more information. 2012 free state tax filing Example 1. 2012 free state tax filing Roger, age 12, has unearned income of $8,000, no other income, no adjustments to income, and itemized deductions of $300 (net of the 2% limit) that are directly connected with his unearned income. 2012 free state tax filing His adjusted gross income is $8,000, which is entered on Form 1040, line 38, and on Form 8615, line 1. 2012 free state tax filing Roger enters $2,000 on line 2 because that is more than the total of $1,000 plus his directly connected itemized deductions of $300. 2012 free state tax filing Example 2. 2012 free state tax filing Eleanor, age 8, has unearned income of $16,000 and an early withdrawal penalty of $100. 2012 free state tax filing She has no other income. 2012 free state tax filing She has itemized deductions of $1,050 (net of the 2% limit) that are directly connected with the production of her unearned income. 2012 free state tax filing Her adjusted gross income, entered on line 1, is $15,900 ($16,000 − $100). 2012 free state tax filing The amount on line 2 is $2,050. 2012 free state tax filing This is the larger of: $1,000 plus the $1,050 of directly connected itemized deductions, or $2,000. 2012 free state tax filing Line 3. 2012 free state tax filing   Subtract line 2 from line 1 and enter the result on this line. 2012 free state tax filing If zero or less, do not complete the rest of the form. 2012 free state tax filing However, you must still attach Form 8615 to the child's tax return. 2012 free state tax filing Figure the tax on the child's taxable income in the normal manner. 2012 free state tax filing Line 4 (child's taxable income). 2012 free state tax filing   Enter on line 4 the child's taxable income from Form 1040, line 43, or Form 1040A, line 27. 2012 free state tax filing   However, if the child files Form 2555 or 2555-EZ to claim the foreign earned income exclusion, housing exclusion, or housing deduction, see the Form 8615 instructions or Pub. 2012 free state tax filing 929. 2012 free state tax filing Line 5 (net unearned income). 2012 free state tax filing   A child's net unearned income cannot be more than his or her taxable income. 2012 free state tax filing Enter on Form 8615, line 5, the smaller of line 3 or line 4. 2012 free state tax filing This is the child's net unearned income. 2012 free state tax filing   If zero or less, do not complete the rest of the form. 2012 free state tax filing However, you must still attach Form 8615 to the child's tax return. 2012 free state tax filing Figure the tax on the child's taxable income in the normal manner. 2012 free state tax filing Step 2. 2012 free state tax filing Figuring Tentative Tax at the Parent's Tax Rate (Form 8615, Part II) The next step in completing Form 8615 is to figure a tentative tax on the child's net unearned income at the parent's tax rate. 2012 free state tax filing The tentative tax at the parent's tax rate is the difference between the tax on the parent's taxable income figured with the child's net unearned income (plus the net unearned income of any other child whose Form 8615 includes the tax return information of that parent) and the tax figured without it. 2012 free state tax filing When figuring the tentative tax at the parent's tax rate on Form 8615, do not refigure any of the exclusions, deductions, or credits on the parent's return because of the child's net unearned income. 2012 free state tax filing For example, do not refigure the medical expense deduction. 2012 free state tax filing Figure the tentative tax on Form 8615, lines 6 through 13. 2012 free state tax filing Note. 2012 free state tax filing If the child or parent has any capital gains or losses, get Publication 929 for help in completing Form 8615, Part II. 2012 free state tax filing Line 6 (parent's taxable income). 2012 free state tax filing   Enter on line 6 the parent's taxable income from Form 1040, line 43, Form 1040A, line 27, or Form 1040EZ, line 6. 2012 free state tax filing   If the Foreign Earned Income Tax Worksheet (in the Form 1040 instructions) was used to figure the parent's tax, enter the amount from line 3 of that worksheet instead of the parent's taxable income. 2012 free state tax filing Line 7 (net unearned income of other children). 2012 free state tax filing   If the tax return information of the parent is also used on any other child's Form 8615, enter on line 7 the total of the amounts from line 5 of all the other children's Forms 8615. 2012 free state tax filing Do not include the amount from line 5 of the Form 8615 being completed. 2012 free state tax filing Example. 2012 free state tax filing Paul and Jane Persimmon have three children, Sharon, Jerry, and Mike, who must attach Form 8615 to their tax returns. 2012 free state tax filing The children's net unearned income amounts on line 5 of their Forms 8615 are: Sharon — $800 Jerry — $600 Mike — $1,000 Line 7 of Sharon's Form 8615 will show $1,600, the total of the amounts on line 5 of Jerry's and Mike's Forms 8615. 2012 free state tax filing Line 7 of Jerry's Form 8615 will show $1,800 ($800 + $1,000). 2012 free state tax filing Line 7 of Mike's Form 8615 will show $1,400 ($800 + $600). 2012 free state tax filing Other children's information not available. 2012 free state tax filing   If the net unearned income of the other children is not available when the return is due, either file the return using estimates or get an extension of time to file. 2012 free state tax filing See Parent's return information not known timely , earlier. 2012 free state tax filing Line 11 (tentative tax). 2012 free state tax filing   Subtract line 10 from line 9 and enter the result on this line. 2012 free state tax filing This is the tentative tax. 2012 free state tax filing   If line 7 is blank, skip lines 12a and 12b and enter the amount from line 11 on line 13. 2012 free state tax filing Also skip the discussion for lines 12a and 12b that follows. 2012 free state tax filing Lines 12a and 12b (dividing the tentative tax). 2012 free state tax filing   If an amount is entered on line 7, divide the tentative tax shown on line 11 among the children according to each child's share of the total net unearned income. 2012 free state tax filing This is done on lines 12a, 12b, and 13. 2012 free state tax filing Add the amount on line 7 to the amount on line 5 and enter the total on line 12a. 2012 free state tax filing Divide the amount on line 5 by the amount on line 12a and enter the result, as a decimal, on line 12b. 2012 free state tax filing Example. 2012 free state tax filing In the earlier example under Line 7 (net unearned income of other children), Sharon's Form 8615 shows $1,600 on line 7. 2012 free state tax filing The amount entered on line 12a is $2,400, the total of the amounts on lines 5 and 7 ($800 + $1,600). 2012 free state tax filing The decimal on line 12b is  . 2012 free state tax filing 333, figured as follows and rounded to three places. 2012 free state tax filing   $800 = . 2012 free state tax filing 333     $2,400   Step 3. 2012 free state tax filing Figuring the Child's Tax (Form 8615, Part III) The final step in figuring a child's tax using Form 8615 is to determine the larger of: The total of: The child's share of the tentative tax based on the parent's tax rate, plus The tax on the child's taxable income in excess of net unearned income, figured at the child's tax rate, or The tax on the child's taxable income, figured at the child's tax rate. 2012 free state tax filing This is the child's tax. 2012 free state tax filing It is figured on Form 8615, lines 14 through 18. 2012 free state tax filing Alternative minimum tax. 2012 free state tax filing   A child may be subject to alternative minimum tax (AMT) if he or she has certain items given preferential treatment under the tax law. 2012 free state tax filing See Alternative Minimum Tax (AMT) in chapter 30. 2012 free state tax filing    For more information on who is liable for AMT and how to figure it, see Form 6251, Alternative Minimum Tax—Individuals. 2012 free state tax filing For information on special limits that apply to a child who files Form 6251, see Certain Children Under Age 24 in the Instructions for Form 6251. 2012 free state tax filing Prev  Up  Next   Home   More Online Publications
Español

FAQs by Agency and Program

Find FAQ pages for a specific department, agency or program.


A

B

C

D

E

F

G

H

I

L

M

N

O

P

Q

R

S

T

U

V

W

The 2012 Free State Tax Filing

2012 free state tax filing Index A Acknowledgment of contributions, Acknowledgment of Charitable Contributions of $250 or More Adverse determination, Adverse determination. 2012 free state tax filing Affordable Care Act Hospitals, What's New, New Requirements for section 501(c)(3) Hospitals Under the Affordable Care Act. 2012 free state tax filing Aged, home for, Home for the aged. 2012 free state tax filing Agricultural organization, Agricultural and Horticultural Organizations Airport, Other organizations. 2012 free state tax filing Alumni association, Alumni association. 2012 free state tax filing Amateur athletic organizations, Amateur Athletic Organizations Animals, prevention of cruelty to, Prevention of Cruelty to Children or Animals Appeal procedures, Appeal Procedures Application procedures, Application Procedures, Required Inclusions Bylaws, Bylaws. 2012 free state tax filing Conformed copy, Conformed copy. 2012 free state tax filing Description of activities, Description of activities. 2012 free state tax filing Employer identification number, Required Inclusions Financial data, Financial data. 2012 free state tax filing Organizing documents, Organizing documents. 2012 free state tax filing Aquatic resources, Agricultural and Horticultural Organizations Articles of organization, Articles of Organization Assistance (see Tax help) Athletic organization, Athletic organization. 2012 free state tax filing , Amateur Athletic Organizations Attorney's fees, Acceptance of attorneys' fees. 2012 free state tax filing Attribution, special rules, Special rules of attribution. 2012 free state tax filing B Black lung benefit trust, 501(c)(21) - Black Lung Benefit Trusts Board of trade, Board of trade. 2012 free state tax filing Bureau defined, Bureau defined. 2012 free state tax filing Burial benefit insurance, Burial and funeral benefit insurance organization. 2012 free state tax filing Business income, unrelated, Unrelated Business Income Tax Return Business league, 501(c)(6) - Business Leagues, etc. 2012 free state tax filing C Cemetery company, 501(c)(13) - Cemetery Companies Chamber of commerce, Chamber of commerce. 2012 free state tax filing Change in legal structure, Organizational Changes and Exempt Status Charitable contributions, Acknowledgment of Charitable Contributions of $250 or More, Contributions to 501(c)(3) Organizations Charitable organization, Section 501(c)(3) Organizations, Charitable Organizations Charitable risk pools, Charitable Risk Pools Child care organization, Child care organizations. 2012 free state tax filing Children, prevention of cruelty to, Prevention of Cruelty to Children or Animals Church, Churches. 2012 free state tax filing Integrated auxiliaries, Integrated auxiliaries. 2012 free state tax filing Civic leagues, 501(c)(4) - Civic Leagues and Social Welfare Organizations Clinic, Clinic. 2012 free state tax filing CO-OP Health Insurance Issuers, 501(c)(29) - CO-OP Health Insurance Issuers College bookstore, restaurant, College book stores, cafeterias, restaurants, etc. 2012 free state tax filing Comments, Comments and suggestions. 2012 free state tax filing Community association, Other organizations. 2012 free state tax filing Community nursing bureau, Community nursing bureau. 2012 free state tax filing Community trust, Community Trusts Contributions, charitable, Acknowledgment of Charitable Contributions of $250 or More, Contributions to 501(c)(3) Organizations Court appeals, Appeal to Courts Credit union, 501(c)(14) - Credit Unions and Other Mutual Financial Organizations D Determination letter, Rulings and Determination Letters Disclosures, required, Disclosure of Quid Pro Quo Contributions Dues used for lobbying, Dues Used for Lobbying or Political Activities Nondeductible contributions, Solicitation of Nondeductible Contributions Quid pro quo contributions, Disclosure of Quid Pro Quo Contributions Services available from government, Penalties. 2012 free state tax filing Dispositions of donated property, Donee Information Return Disqualified persons, Disqualified persons. 2012 free state tax filing Domestic fraternal society, Domestic Fraternal Societies (501(c)(10)) Donor advised funds Excess benefit transaction, Donor advised fund transactions occurring after August 17, 2006. 2012 free state tax filing Dues used for political or legislative activities, Dues Used for Lobbying or Political Activities, Deduction not allowed for dues used for political or legislative activities. 2012 free state tax filing E Educational organizations, Educational Organizations, Educational organizations. 2012 free state tax filing Employees' association, 501(c)(4), 501(c)(9), and 501(c)(17) - Employees' Associations Employment taxes, Employment Tax Returns Endowment fund, Endowment funds. 2012 free state tax filing Estimated tax, Estimated tax. 2012 free state tax filing Excess benefit transaction, Excess Benefit Transaction, Supporting organization transactions occurring after July 25, 2006. 2012 free state tax filing Disqualified person, Tax on Disqualified Persons, Disqualified Person Controlled entity, 35%, 35% controlled entity. 2012 free state tax filing Family members, Family members. 2012 free state tax filing Substantial influence, Persons not considered to have substantial influence. 2012 free state tax filing Disregarded benefits, Disregarded benefits. 2012 free state tax filing Donor advised funds, Donor advised fund transactions occurring after August 17, 2006. 2012 free state tax filing , Exception. 2012 free state tax filing Excise tax, Excise tax on excess benefit transactions. 2012 free state tax filing Initial contracts, Special Exception for Initial Contracts Reasonable compensation, Reasonable Compensation. 2012 free state tax filing Rebuttable presumption, Rebuttable presumption that a transaction is not an excess benefit transaction. 2012 free state tax filing Excise tax Black lung benefit trust, Excise taxes. 2012 free state tax filing Lobbying expenditures, Tax on excess expenditures to influence legislation. 2012 free state tax filing , Tax on disqualifying lobbying expenditures. 2012 free state tax filing Political expenditures, Excise taxes on political expenditures. 2012 free state tax filing Private foundations, Excise taxes on private foundations. 2012 free state tax filing , Excise Taxes on Private Foundations Exempt function, Political Organization Income Tax Return Exempt purposes, Section 501(c)(3) Organizations Exemption for terrorist organization, Non-exemption for terrorist organizations. 2012 free state tax filing Extensions of time, Extensions of time for filing. 2012 free state tax filing F Facts and circumstances test, Facts and circumstances test. 2012 free state tax filing Fair market value, estimate of, Good faith estimate of fair market value (FMV). 2012 free state tax filing Filing requirements, Annual Information Returns Annual information returns, Annual Information Returns Donee information return, Donee Information Return Due date, Political Organization Income Tax Return Employment tax, Employment Tax Returns Excise tax, Excise taxes on private foundations. 2012 free state tax filing , Excise Taxes on Private Foundations Political organization, Political Organization Income Tax Return Private foundations, Form 990-PF Unrelated business income, Unrelated Business Income Tax Return Form 990-N, Annual Electronic Filing Requirement for Small Tax-Exempt Organizations Forms, Forms Required 1023, Forms Required, Administrative Remedies, 270-day period. 2012 free state tax filing , Information required for subordinate organizations. 2012 free state tax filing , Annual Information Return, Form 1023. 2012 free state tax filing , Organizations Not Required To File Form 1023, Private Schools, When to file application. 2012 free state tax filing , Lobbying Expenditures, Volunteer fire companies. 2012 free state tax filing 1024, Forms Required, Application made under wrong paragraph of section 501(c). 2012 free state tax filing , Annual Information Return, 501(c)(4) - Civic Leagues and Social Welfare Organizations, 501(c)(6) - Business Leagues, etc. 2012 free state tax filing , 501(c)(7) - Social and Recreation Clubs, 501(c)(8) and 501(c)(10) - Fraternal Beneficiary Societies and Domestic Fraternal Societies, Fraternal Beneficiary Societies (501(c)(8)), Domestic Fraternal Societies (501(c)(10)), Local Employees' Associations (501(c)(4)), Voluntary Employees' Beneficiary Associations (501(c)(9)), Supplemental Unemployment Benefit Trusts (501(c)(17)), 501(c)(13) - Cemetery Companies, 501(c)(19) - Veterans' Organizations, 501(c)(20) - Group Legal Services Plan Organizations, 501(c)(2) - Title-Holding Corporations for Single Parent Corporations, 501(c)(25) - Title-Holding Corporations or Trusts for Multiple Parent Corporations 1040, Effect on employees. 2012 free state tax filing 1065, Annual Information Returns 1120–POL, Political Organization Income Tax Return 1128, Central organizations. 2012 free state tax filing 2848, Power of attorney. 2012 free state tax filing , Representation. 2012 free state tax filing 4720, Tax on excess expenditures to influence legislation. 2012 free state tax filing 5578, Certification. 2012 free state tax filing 5768, Making the election. 2012 free state tax filing 6069, Tax treatment of donations. 2012 free state tax filing 8274, FICA tax exemption election. 2012 free state tax filing 8282, Dispositions of donated property. 2012 free state tax filing 8283, Form 8283. 2012 free state tax filing 8300, Report of Cash Received 8718, Forms Required, Power of attorney. 2012 free state tax filing 8821, Representation. 2012 free state tax filing 8871, Reporting Requirements for a Political Organization, Annual Information Return 8872, Reporting Requirements for a Political Organization, Annual Information Return 990, Keeping the Group Exemption Letter in Force, Forms 990 and 990-EZ, Annual Information Return, Making the election. 2012 free state tax filing 990-BL, Annual Information Returns, 990-EZ, Forms 990 and 990-EZ, Form 990-EZ. 2012 free state tax filing 990-PF, Form 990-PF, Excise taxes on private foundations. 2012 free state tax filing , Excise Taxes on Private Foundations 990-T, Unrelated Business Income Tax Return SS-4, Required Inclusions, Employer identification number. 2012 free state tax filing W–2, Revoking the election. 2012 free state tax filing Fraternal beneficiary society, Fraternal Beneficiary Societies (501(c)(8)) Fraternal societies, Organizations subject to requirements. 2012 free state tax filing , 501(c)(8) and 501(c)(10) - Fraternal Beneficiary Societies and Domestic Fraternal Societies Free tax services, Free help with your tax return. 2012 free state tax filing Funeral benefit insurance, Burial and funeral benefit insurance organization. 2012 free state tax filing G Gifts and contributions, public charity, Gifts, contributions, and grants distinguished from gross receipts. 2012 free state tax filing Good faith determinations, What's New, New organization. 2012 free state tax filing Governmental unit, Governmental units. 2012 free state tax filing Grant Distinguished from gross receipts, Grants. 2012 free state tax filing Exclusion for unusual grant, Unusual grants. 2012 free state tax filing , Unusual grants. 2012 free state tax filing From public charity, Grants from public charities. 2012 free state tax filing , Grants from public charities. 2012 free state tax filing Grantor and contributor, reliance on ruling, Reliance by grantors and contributors. 2012 free state tax filing Gross receipts from nonmembership sources, Gross receipts from nonmembership sources. 2012 free state tax filing Group exemption letter, Group Exemption Letter H Health coverage organization, 501(c)(26) - State-Sponsored High-Risk Health Coverage Organizations Help (see Tax help) High-risk health coverage organization, 501(c)(26) - State-Sponsored High-Risk Health Coverage Organizations Home for the aged, Home for the aged. 2012 free state tax filing Homeowners' association, Homeowners' associations. 2012 free state tax filing Horticultural organization, Agricultural and Horticultural Organizations Hospital, Hospital. 2012 free state tax filing , Hospitals and medical research organizations. 2012 free state tax filing I Inactive organization, Organizational Changes and Exempt Status Industrial development, Other organizations. 2012 free state tax filing Instrumentalities, Instrumentalities. 2012 free state tax filing Insurance, organizations providing, Organizations Providing Insurance L Labor organization, Organizations subject to requirements. 2012 free state tax filing , Labor Organizations Law, public interest, Public-interest law firms. 2012 free state tax filing Legislative activity, Lobbying Expenditures, Legislative activity. 2012 free state tax filing Listed transaction, Prohibited tax shelter transaction. 2012 free state tax filing Literary organizations, Literary Organizations Loans, organizations providing, Organization providing loans. 2012 free state tax filing Lobbying expenditures, Lobbying Expenditures Local benevolent life insurance associations, Local Life Insurance Associations Local employees' association, Local Employees' Associations (501(c)(4)) Lodge system, Lodge system. 2012 free state tax filing M Medical research organization, Medical research organization. 2012 free state tax filing Medicare and Medicaid payments, Medicare and Medicaid payments. 2012 free state tax filing Membership fee, Membership fees. 2012 free state tax filing , Membership fees distinguished from gross receipts. 2012 free state tax filing Modification of exemption, Revocation or Modification of Exemption Mutual financial organization, 501(c)(14) - Credit Unions and Other Mutual Financial Organizations Mutual or cooperative association, Mutual or Cooperative Associations N Nursing bureau, Community nursing bureau. 2012 free state tax filing O One-third support test, One-third support test. 2012 free state tax filing Organization assets, Dedication and Distribution of Assets Dedication, Dedication. 2012 free state tax filing Distribution, Distribution. 2012 free state tax filing Organizational changes, Organizational Changes and Exempt Status P Penalties, Penalties for failure to file. 2012 free state tax filing Failure to allow public inspection, Penalties Failure to disclose, Penalty for failure to disclose. 2012 free state tax filing , Penalties. 2012 free state tax filing , Penalty. 2012 free state tax filing Failure to file, Penalties for failure to file. 2012 free state tax filing Perpetual care organization, Perpetual care organization. 2012 free state tax filing Political activity, Dues Used for Lobbying or Political Activities, Political activity. 2012 free state tax filing , Political activity. 2012 free state tax filing Political organization Income tax return, Political Organization Income Tax Return Taxable income, Political Organization Income Tax Return Power of attorney, Power of attorney. 2012 free state tax filing Preferred stock, Common and preferred stock. 2012 free state tax filing Prevention of cruelty to children or animals, Prevention of Cruelty to Children or Animals Private delivery service, Private delivery service. 2012 free state tax filing Private foundations, Private Foundations Private operating foundation, Private Operating Foundations Private school, Private Schools, Racially Nondiscriminatory Policy Prohibited tax shelter transactions Entity managers, Entity manager. 2012 free state tax filing Entity managers excise tax, Manager Level Tax Listed transaction, Prohibited tax shelter transaction. 2012 free state tax filing Prohibited reportable transactions, Prohibited tax shelter transaction. 2012 free state tax filing Subsequently listed transaction, Subsequently listed transaction. 2012 free state tax filing Tax-exempt entities, Tax-exempt entities. 2012 free state tax filing Public charity Gifts and contributions, Gifts, contributions, and grants distinguished from gross receipts. 2012 free state tax filing Grant from, Grants from public charities. 2012 free state tax filing Section 509(a)(1), Section 509(a)(1) Organizations Section 509(a)(2), Section 509(a)(2) Organizations Section 509(a)(3), Section 509(a)(3) Organizations Section 509(a)(4), Section 509(a)(4) Organizations Support test, One-third support test. 2012 free state tax filing , One-third support test. 2012 free state tax filing Public inspection Annual return, Annual Information Return Exemption applications, Public Inspection of Exemption Applications, Annual Returns, and Political Organization Reporting Forms Forms 8871 and 8872, Public Inspection of Exemption Applications, Annual Returns, and Political Organization Reporting Forms Public-interest law firm, Public-interest law firms. 2012 free state tax filing Publications (see Tax help) Publicly supported organization, Publicly supported organizations. 2012 free state tax filing , Qualifying as Publicly Supported Attraction of public support, Attraction of public support requirement. 2012 free state tax filing Ten-percent-of-support, Ten-percent-of-support requirement. 2012 free state tax filing R Racial composition, How to determine racial composition. 2012 free state tax filing Racially nondiscriminatory policy, Racially Nondiscriminatory Policy Real estate board, Real estate board. 2012 free state tax filing Recognition of exemption, application, Application for Recognition of Exemption Religious organizations, Religious Organizations Requests other than applications, Miscellaneous Procedures Responsiveness test, Responsiveness test. 2012 free state tax filing Revocation of exemption, Revocation or Modification of Exemption Ruling letter, Rulings and Determination Letters S Scholarship Private school, Scholarship and loan programs. 2012 free state tax filing Scholarships, Scholarships. 2012 free state tax filing School, private, Private Schools Scientific organizations, Scientific Organizations Section 501(c)(3) organizations Amateur athletic, Amateur Athletic Organizations Literary, Literary Organizations Prevention of cruelty, Prevention of Cruelty to Children or Animals Private foundations, Private Foundations and Public Charities Public charities, Public Charities Qualifications, Section 501(c)(3) Organizations Religious, Religious Organizations Scientific, Scientific Organizations Section 501(c)(3) Organizations Charitable, Charitable Organizations Educational, Educational Organizations and Private Schools Single entity, Single entity. 2012 free state tax filing Social clubs, Organizations subject to requirements. 2012 free state tax filing , 501(c)(7) - Social and Recreation Clubs Social welfare organization, Organizations subject to requirements. 2012 free state tax filing , 501(c)(4) - Civic Leagues and Social Welfare Organizations Specified organizations, Specified organizations. 2012 free state tax filing Sports organization, amateur, Qualified amateur sports organization. 2012 free state tax filing State-sponsored, 501(c)(26) - State-Sponsored High-Risk Health Coverage Organizations High-risk health coverage organization, 501(c)(26) - State-Sponsored High-Risk Health Coverage Organizations Workers' compensation reinsurance organization, 501(c)(27) - Qualified State-Sponsored Workers' Compensation Organizations Stock or commodity exchange, Stock or commodity exchange. 2012 free state tax filing Suggestions, Comments and suggestions. 2012 free state tax filing Supplemental unemployment benefit trust, Supplemental Unemployment Benefit Trusts (501(c)(17)) Support, Support. 2012 free state tax filing , Support from a governmental unit. 2012 free state tax filing , Support from the general public. 2012 free state tax filing Support test, One-third support test. 2012 free state tax filing Facts and circumstances, Facts and circumstances test. 2012 free state tax filing One-third, One-third support test. 2012 free state tax filing Public charity, One-third support test. 2012 free state tax filing Supporting organization, Supporting organization transactions occurring after July 25, 2006. 2012 free state tax filing T Tax help, Technical advice, Appeals Office Consideration Testing for public safety, Section 509(a)(4) Organizations Title-holding corporation, 501(c)(2) - Title-Holding Corporations for Single Parent Corporations U Unemployment benefit trust, Supplemental Unemployment Benefit Trusts (501(c)(17)) Unrelated business income, Unrelated Business Income Tax Return Unusual grants, Unusual grants. 2012 free state tax filing , Unusual grants. 2012 free state tax filing User fee, Power of attorney. 2012 free state tax filing , User fee. 2012 free state tax filing V Veterans' organization, 501(c)(19) - Veterans' Organizations Voluntary employees' beneficiary association, Voluntary Employees' Beneficiary Associations (501(c)(9)) Volunteer fire company, Volunteer fire companies. 2012 free state tax filing W War veterans' organization, 501(c)(19) - Veterans' Organizations Withdrawal of application, Withdrawal of application. 2012 free state tax filing Withholding information from public, Requests for withholding of information from the public. 2012 free state tax filing Work Opportunity Tax Credit, Expanded Work Opportunity Tax Credit Available for Hiring Qualified Veterans. 2012 free state tax filing Workers' compensation reinsurance organization, 501(c)(27) - Qualified State-Sponsored Workers' Compensation Organizations Prev  Up     Home   More Online Publications