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Amend 2011 Taxes

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Amend 2011 Taxes

Amend 2011 taxes 13. Amend 2011 taxes   Employment Taxes Table of Contents What's New for 2013 What's New for 2014 Reminders Important Dates for 2014 Introduction Topics - This chapter discusses: Useful Items - You may want to see: Farm Employment Family Employees Crew Leaders Social Security and Medicare TaxesReligious exemption. Amend 2011 taxes Wage limit. Amend 2011 taxes Federal Income Tax WithholdingNew Form W-4 for 2014. Amend 2011 taxes Required Notice to Employees About Earned Income Credit (EIC) Reporting and Paying Social Security, Medicare, and Withheld Federal Income TaxesElectronic deposit requirement. Amend 2011 taxes Federal Unemployment (FUTA) TaxReporting and Paying FUTA Tax What's New for 2013 Social security and Medicare tax for 2013. Amend 2011 taxes  The employee tax rate for social security is 6. Amend 2011 taxes 2%. Amend 2011 taxes Previously, the employee tax rate for social security was 4. Amend 2011 taxes 2%. Amend 2011 taxes The employer tax rate for social security remains unchanged at 6. Amend 2011 taxes 2%. Amend 2011 taxes The social security wage base limit is $113,700. Amend 2011 taxes The Medicare tax rate is 1. Amend 2011 taxes 45% each for the employee and employer, unchanged from 2012. Amend 2011 taxes There is no wage base limit for Medicare tax. Amend 2011 taxes Additional Medicare Tax. Amend 2011 taxes  In addition to withholding Medicare tax at 1. Amend 2011 taxes 45%, you must withhold a 0. Amend 2011 taxes 9% Additional Medicare Tax from wages you pay to an employee in excess of $200,000 in a calendar year. Amend 2011 taxes You are required to begin withholding Additional Medicare Tax in the pay period in which you pay wages in excess of $200,000 to an employee and continue to withhold it each pay period until the end of the calendar year. Amend 2011 taxes Additional Medicare Tax is only imposed on the employee. Amend 2011 taxes There is no employer share of Additional Medicare Tax. Amend 2011 taxes All wages that are subject to Medicare tax are subject to Additional Medicare Tax withholding if paid in excess of the $200,000 threshold. Amend 2011 taxes For more information on what wages are subject to Medicare tax, see the chart, Special Rules for Various Types of Services and Payments, in section 15 of Publication 15 (Circular E), Employer's Tax Guide. Amend 2011 taxes For more information on Additional Medicare Tax, visit IRS. Amend 2011 taxes gov and enter “Additional Medicare Tax” in the search box. Amend 2011 taxes Leave-based donation programs to aid victims of Hurricane Sandy. Amend 2011 taxes  Under these programs, employees may donate their vacation, sick, or personal leave in exchange for employer cash payments made before January 1, 2014, to qualified tax-exempt organizations providing relief for the victims of Hurricane Sandy. Amend 2011 taxes The donated leave will not be included in the income or wages of the employee. Amend 2011 taxes The employer may deduct the cash payments as business expenses or charitable contributions. Amend 2011 taxes For more information, see Notice 2012-69, 2012-51 I. Amend 2011 taxes R. Amend 2011 taxes B. Amend 2011 taxes 712, available at www. Amend 2011 taxes irs. Amend 2011 taxes gov/irb/2012-51_IRB/ar09. Amend 2011 taxes html. Amend 2011 taxes Work opportunity tax credit for qualified tax-exempt organizations hiring qualified veterans extended. Amend 2011 taxes  The work opportunity tax credit is now available for eligible unemployed veterans who begin work before January 1, 2014. Amend 2011 taxes Previously, the credit was available for unemployed veterans who began work on or after November 22, 2011, and before January 1, 2013. Amend 2011 taxes Qualified tax-exempt organizations that hire eligible unemployed veterans can claim the work opportunity tax credit against their payroll tax liability using Form 5884-C, Work Opportunity Credit for Qualified Tax-Exempt Organizations Hiring Qualified Veterans. Amend 2011 taxes For more information, visit IRS. Amend 2011 taxes gov and enter “work opportunity credit” in the search box. Amend 2011 taxes What's New for 2014 Social security and Medicare tax for 2014. Amend 2011 taxes  The employee and employer tax rates for social security and the maximum amount of wages subject to social security tax for 2014 will be discussed in Publication 51 (Circular A), Agricultural Employer's Tax Guide (For use in 2014). Amend 2011 taxes The Medicare tax rate for 2014 will also be discussed in Publication 51 (Circular A) (For use in 2014). Amend 2011 taxes There is no limit on the amount of wages subject to Medicare tax. Amend 2011 taxes Reminders Additional employment tax information for farmers. Amend 2011 taxes  See Publication 51 (Circular A) for more detailed guidance on employment taxes. Amend 2011 taxes For the latest information about employment tax developments impacting farmers, go to www. Amend 2011 taxes irs. Amend 2011 taxes gov/pub51. Amend 2011 taxes Correcting a previously filed Form 943. Amend 2011 taxes  If you discover an error on a previously filed Form 943, Employer's Annual Federal Tax Return for Agricultural Employees, make the correction using Form 943-X, Adjusted Employer's Annual Federal Tax Return for Agricultural Employees or Claim for Refund. Amend 2011 taxes Form 943-X is filed separately from Form 943. Amend 2011 taxes For more information on correcting Form 943, see the Instructions for Form 943-X. Amend 2011 taxes Federal tax deposits must be made by electronic funds transfer. Amend 2011 taxes  You must use electronic funds transfer to make all federal tax deposits. Amend 2011 taxes Generally, electronic funds transfers are made using the Electronic Federal Tax Payment System (EFTPS). Amend 2011 taxes If you do not want to use EFTPS, you can arrange for your tax professional, financial institution, payroll service, or other trusted third party to make electronic deposits on your behalf. Amend 2011 taxes Also, you may arrange for your financial institution to initiate a same-day wire payment on your behalf. Amend 2011 taxes EFTPS is a free service provided by the Department of Treasury. Amend 2011 taxes Services provided by your tax professional, financial institution, payroll service, or other third party may have a fee. Amend 2011 taxes For more information on making federal tax deposits, see section 7 of Publication 51 (Circular A). Amend 2011 taxes To get more information about EFTPS or to enroll in EFTPS, visit www. Amend 2011 taxes eftps. Amend 2011 taxes gov or call 1-800-555-4477 or 1-800-733-4829 (TDD). Amend 2011 taxes Additional information about EFTPS is also available in Publication 966, Electronic Federal Tax Payment System: A Guide To Getting Started. Amend 2011 taxes Important Dates for 2014 You should take the action indicated by the dates listed. Amend 2011 taxes See By February 15 and On February 16 for Form W-4, Employee's Withholding Allowance Certificate, information. Amend 2011 taxes Due dates for deposits of withheld federal income taxes, social security taxes, and Medicare taxes are not listed here. Amend 2011 taxes For these dates, see Publication 509, Tax Calendars (For use in 2014). Amend 2011 taxes Note. Amend 2011 taxes  If any date shown below for filing a return, furnishing a form, or depositing taxes falls on a Saturday, Sunday, or legal holiday, the due date is the next business day. Amend 2011 taxes A statewide legal holiday delays a filing or furnishing due date only if the IRS office where you are required to file a return or furnish a form is located in that state. Amend 2011 taxes For any due date, you will meet the “file” or “furnish” date requirement if the envelope containing the tax return or form is properly addressed, contains sufficient postage, and is postmarked by the U. Amend 2011 taxes S. Amend 2011 taxes Postal Service by the due date, or sent by an IRS-designated delivery service by the due date. Amend 2011 taxes See Private delivery services in Publication 51 (Circular A). Amend 2011 taxes Federal tax deposits can only be made by electronic funds transfer and are governed by legal holidays in the District of Columbia. Amend 2011 taxes Statewide holidays no longer apply. Amend 2011 taxes For a list of legal holidays that delay the due date of a federal tax deposit, see section 7 of Publication 51 (Circular A). Amend 2011 taxes Fiscal year taxpayers. Amend 2011 taxes  The due dates listed below apply whether you use a calendar or a fiscal year. Amend 2011 taxes By January 31. Amend 2011 taxes   File Form 943 with the IRS. Amend 2011 taxes If you deposited all Form 943 taxes when due, you have 10 additional days to file. Amend 2011 taxes Furnish each employee with a completed Form W-2, Wage and Tax Statement. Amend 2011 taxes Furnish each recipient to whom you paid $600 or more in nonemployee compensation with a completed Form 1099 (for example, Form 1099-MISC). Amend 2011 taxes File Form 940, Employer's Annual Federal Unemployment (FUTA) Tax Return, with the IRS. Amend 2011 taxes If you deposited all the FUTA tax when due, you have 10 additional days to file. Amend 2011 taxes File Form 945, Annual Return of Withheld Federal Income Tax, with the IRS to report any nonpayroll income tax withheld during 2013. Amend 2011 taxes If you deposited all Form 945 taxes when due, you have 10 additional days to file. Amend 2011 taxes By February 15. Amend 2011 taxes  Ask for a new Form W-4 or Formulario W-4(SP), Certificado de Exención de Retenciones del Empleado, from each employee who claimed exemption from federal income tax withholding last year. Amend 2011 taxes On February 16. Amend 2011 taxes  Any Form W-4 claiming exemption from withholding for the previous year has now expired. Amend 2011 taxes Begin withholding for any employee who previously claimed exemption from withholding but has not given you a new Form W-4 for the current year. Amend 2011 taxes If the employee does not give you a new Form W-4, withhold taxes based on the last valid Form W-4 you have for the employee that does not claim exemption from withholding or, if one does not exist, as if he or she is single with zero withholding allowances. Amend 2011 taxes If the employee furnishes a new Form W-4 claiming exemption from withholding after February 15, you may apply the exemption to future wages, but do not refund taxes withheld while the exempt status was not in place. Amend 2011 taxes By February 28. Amend 2011 taxes   File paper Forms 1099 and 1096. Amend 2011 taxes File Copy A of all paper Forms 1099 with Form 1096, Annual Summary and Transmittal of U. Amend 2011 taxes S. Amend 2011 taxes Information Returns, with the IRS. Amend 2011 taxes For electronically filed returns, see By March 31 below. Amend 2011 taxes File paper Forms W-2 and W-3. Amend 2011 taxes File Copy A of all paper Forms W-2 with Form W-3, Transmittal of Wage and Tax Statements, with the Social Security Administration (SSA). Amend 2011 taxes For electronically filed returns, see By March 31 below. Amend 2011 taxes By March 31. Amend 2011 taxes   File electronic Forms W-2 and 1099. Amend 2011 taxes File electronic Forms W-2 with the SSA and Forms 1099 with the IRS. Amend 2011 taxes For more information on reporting Form W-2 information to the SSA electronically, visit the SSA's Employer W-2 Filing Instructions & Information webpage at www. Amend 2011 taxes socialsecurity. Amend 2011 taxes gov/employer. Amend 2011 taxes For information on filing information returns electronically with the IRS, see Publication 1220, Specifications for Filing Forms 1097, 1098, 1099, 3921, 3922, 5498, 8935, and W-2G Electronically. Amend 2011 taxes By April 30, July 31, October 31, and January 31. Amend 2011 taxes   Deposit FUTA taxes. Amend 2011 taxes Deposit FUTA tax due if it is more than $500. Amend 2011 taxes Before December 1. Amend 2011 taxes  Remind employees to submit a new Form W-4 if their withholding allowances have changed or will change for the next year. Amend 2011 taxes Introduction You are generally required to withhold federal income tax from the wages of your employees. Amend 2011 taxes You may also be subject to social security and Medicare taxes under the Federal Insurance Contributions Act (FICA) and federal unemployment tax under the Federal Unemployment Tax Act (FUTA). Amend 2011 taxes You must also withhold Additional Medicare Tax from wages you pay to an employee in excess of $200,000 in a calendar year. Amend 2011 taxes This chapter includes information about these taxes. Amend 2011 taxes You must also pay self-employment tax on your net earnings from farming. Amend 2011 taxes See chapter 12 for information on self-employment tax. Amend 2011 taxes Topics - This chapter discusses: Farm employment, Family employees, Crew leaders, Social security and Medicare taxes, Additional Medicare Tax withholding, Federal income tax withholding, Reporting and paying social security, Medicare, and withheld federal income taxes, and FUTA tax. Amend 2011 taxes Useful Items - You may want to see: Publication 15 (Circular E), Employer's Tax Guide 15-A Employer's Supplemental Tax Guide 15-B Employer's Tax Guide to Fringe Benefits 51 (Circular A), Agricultural Employer's Tax Guide 926 Household Employer's Tax Guide Form (and Instructions) W-2 Wage and Tax Statement W-4 Employee's Withholding Allowance Certificate W-9 Request for Taxpayer Identification Number and Certification 940 Employer's Annual Federal Unemployment (FUTA) Tax Return 943 Employer's Annual Federal Tax Return for Agricultural Employees 943-X Adjusted Employer's Annual Federal Tax Return for Agricultural Employees or Claim for Refund See chapter 16 for information about getting publications and forms. Amend 2011 taxes Farm Employment In general, you are an employer of farmworkers if your employees do any of the following types of work. Amend 2011 taxes Raising or harvesting agricultural or horticultural products on a farm, including raising and feeding of livestock. Amend 2011 taxes Operating, managing, conserving, improving, or maintaining your farm and its tools and equipment. Amend 2011 taxes Services performed in salvaging timber, or clearing land of brush and other debris, left by a hurricane (also known as hurricane labor). Amend 2011 taxes Handling, processing, or packaging any agricultural or horticultural commodity if you produced more than half of the commodity (for a group of up to 20 unincorporated operators, all of the commodity). Amend 2011 taxes Work related to cotton ginning, turpentine, gum resin products, or the operation and maintenance of irrigation facilities. Amend 2011 taxes For more information, see Publication 51 (Circular A). Amend 2011 taxes Generally, a worker who performs services for you is your employee if you have the right to control what will be done and how it will be done. Amend 2011 taxes This is so even when you give the employee freedom of action. Amend 2011 taxes What matters is that you have the right to control the details of how the services are performed. Amend 2011 taxes You are responsible for withholding and paying employment taxes for your employees. Amend 2011 taxes You are also required to file employment tax returns. Amend 2011 taxes These requirements do not apply to amounts that you pay to independent contractors. Amend 2011 taxes See Publication 15-A for more information on how to determine whether an individual providing services is an independent contractor or an employee. Amend 2011 taxes If you employ a family of workers, each worker subject to your control (not just the head of the family) is an employee. Amend 2011 taxes Special rules apply to crew leaders. Amend 2011 taxes See Crew Leaders , later. Amend 2011 taxes Employer identification number (EIN). Amend 2011 taxes   If you have employees, you must have an EIN. Amend 2011 taxes If you do not have an EIN, you may apply for one online. Amend 2011 taxes Go to IRS. Amend 2011 taxes gov and click on the Apply for an EIN Online link under Tools. Amend 2011 taxes You may also apply for an EIN by calling 1-800-829-4933 or 1-800-829-4059 (TDD/TTY for persons who are deaf, hard of hearing, or have a speech disability). Amend 2011 taxes The hours of operation for both numbers are Monday–Friday form 7:00 a. Amend 2011 taxes m. Amend 2011 taxes –7:00 p. Amend 2011 taxes m. Amend 2011 taxes local time (Alaska and Hawaii follow Pacific time). Amend 2011 taxes You can also fax or mail Form SS-4, Application for Employer Identification Number, to the IRS. Amend 2011 taxes Employee's social security number (SSN). Amend 2011 taxes   An employee who does not have an SSN should submit Form SS-5, Application for a Social Security Card, to the Social Security Administration (SSA). Amend 2011 taxes Form SS-5 is available from any SSA office or by calling 1-800-772-1213 (operates 24 hours per day). Amend 2011 taxes It is also available from the SSA's website at www. Amend 2011 taxes socialsecurity. Amend 2011 taxes gov. Amend 2011 taxes   The employee must furnish evidence of age, identity, and U. Amend 2011 taxes S. Amend 2011 taxes citizenship or lawful immigration status permitting employment with the Form SS-5. Amend 2011 taxes An employee who is age 18 or older must appear in person with this evidence at an SSA office. Amend 2011 taxes Form I-9. Amend 2011 taxes    You must verify that each new employee is legally eligible to work in the United States. Amend 2011 taxes This includes completing the Form I-9, Employment Eligibility Verification. Amend 2011 taxes Form I-9 is available from the U. Amend 2011 taxes S. Amend 2011 taxes Citizenship and Immigration Services (USCIS) offices or by calling the Bureau of Citizenship and Immigration Services Forms Request Line at 1-800-870-3676. Amend 2011 taxes Form I-9 is also available from the USCIS website at www. Amend 2011 taxes uscis. Amend 2011 taxes gov. Amend 2011 taxes You can also contact the USCIS at 1-800-375-5283 for more information. Amend 2011 taxes New hire reporting. Amend 2011 taxes   You are required to report any new employee to a designated state new hire registry. Amend 2011 taxes Many states accept a copy of Form W-4 with employer information added. Amend 2011 taxes Visit the Office of Child Support Enforcement website at www. Amend 2011 taxes acf. Amend 2011 taxes hhs. Amend 2011 taxes gov/programs/cse/newhire for more information. Amend 2011 taxes Family Employees Generally, the wages you pay to family members who are your employees are subject to employment taxes. Amend 2011 taxes However, certain exemptions may apply to wages paid to your child, spouse, or parent. Amend 2011 taxes Exemptions for your child. Amend 2011 taxes   Payments for the services of your child under age 18 who works for you in your trade or business (including a farm) are not subject to social security and Medicare taxes. Amend 2011 taxes However, see Nonexempt services of a child or spouse , later. Amend 2011 taxes Payments for the services of your child under age 21 employed by you in other than a trade or business, such as payments for household services in your home, are also not subject to social security or Medicare taxes. Amend 2011 taxes Payments for the services of your child under age 21 employed by you, whether or not in your trade or business, are not subject to FUTA tax. Amend 2011 taxes Although not subject to social security, Medicare, or FUTA tax, the child's wages still may be subject to federal income tax withholding. Amend 2011 taxes Exemptions for your spouse. Amend 2011 taxes   Payments for the services of your spouse who works for you in your trade or business are subject to federal income tax withholding and social security and Medicare taxes, but not FUTA tax. Amend 2011 taxes   Payments for the services of your spouse employed by you in other than a trade or business, such as payments for household services in your home, are not subject to social security, Medicare, or FUTA taxes. Amend 2011 taxes Nonexempt services of a child or spouse. Amend 2011 taxes   Payments for the services of your child or spouse are subject to federal income tax withholding as well as social security, Medicare, and FUTA taxes if he or she works for any of the following entities. Amend 2011 taxes A corporation, even if it is controlled by you. Amend 2011 taxes A partnership, even if you are a partner. Amend 2011 taxes This does not apply to wages paid to your child if each partner is a parent of the child. Amend 2011 taxes An estate or trust, even if it is the estate of a deceased parent. Amend 2011 taxes In these situations, the child or spouse is considered to work for the corporation, partnership, or estate, not you. Amend 2011 taxes Exemptions for your parent. Amend 2011 taxes   Payments for the services of your parent employed by you in your trade or business are subject to federal income tax withholding and social security and Medicare taxes. Amend 2011 taxes Social security and Medicare taxes do not apply to wages paid to your parent for services not in your trade or business, but they do apply to payments for household services in your home if both the following conditions are satisfied. Amend 2011 taxes You have a child living in your home who is under age 18 or has a physical or mental condition that requires care by an adult for at least 4 continuous weeks in a calendar quarter. Amend 2011 taxes You are a widow or widower; or divorced and not remarried; or have a spouse in the home who, because of a physical or mental condition, cannot care for your child for at least 4 continuous weeks in the quarter. Amend 2011 taxes   Wages you pay to your parent are not subject to FUTA tax, regardless of the type of services provided. Amend 2011 taxes Qualified joint venture. Amend 2011 taxes   If spouses elect to be treated as a qualified joint venture instead of a partnership, either spouse may report and pay the employment taxes due on the wages paid to employees using the EIN of that spouse's sole proprietorship. Amend 2011 taxes For more information about qualified joint ventures, see chapter 12. Amend 2011 taxes Crew Leaders If farmworkers are provided by a crew leader, the crew leader may be the employer of the workers. Amend 2011 taxes Social security and Medicare taxes. Amend 2011 taxes   For social security and Medicare tax purposes, the crew leader is the employer of the workers if both of the following requirements are met. Amend 2011 taxes The crew leader pays (either on his or her own behalf or on behalf of the farmer) the workers for their farm labor. Amend 2011 taxes The crew leader has not entered into a written agreement with the farmer under which the crew leader is designated as an employee of the farmer. Amend 2011 taxes Federal income tax withholding. Amend 2011 taxes   If the crew leader is the employer for social security and Medicare tax purposes, the crew leader is the employer for federal income tax withholding purposes. Amend 2011 taxes Federal unemployment (FUTA) tax. Amend 2011 taxes   For FUTA tax purposes, the crew leader is the employer of the workers if, in addition to the earlier requirements, either of the following requirements are met. Amend 2011 taxes The crew leader is registered under the Migrant and Seasonal Agricultural Worker Protection Act. Amend 2011 taxes Substantially all crew members operate or maintain mechanized equipment provided by the crew leader as part of the service to the farmer. Amend 2011 taxes   The farmer is the employer of workers furnished by a crew leader in all other situations. Amend 2011 taxes In addition, the farmer is the employer of workers furnished by a registered crew leader if the workers are the employees of the farmer under the common-law test. Amend 2011 taxes For example, some farmers employ individuals to recruit farmworkers exclusively for them. Amend 2011 taxes Although these individuals may be required to register under the Migrant and Seasonal Agricultural Worker Protection Act, the workers are employed directly by the farmer. Amend 2011 taxes The farmer is the employer in these cases. Amend 2011 taxes For information about common-law employees, see section 1 of Publication 15-A. Amend 2011 taxes For information about crew leaders, see the Department of Labor website at www. Amend 2011 taxes dol. Amend 2011 taxes gov/whd/regs/compliance/whdfs49. Amend 2011 taxes htm. Amend 2011 taxes Social Security and Medicare Taxes All cash wages you pay to an employee during the year for farmwork are subject to social security and Medicare taxes if you meet either of the following tests. Amend 2011 taxes You pay the employee $150 or more in cash wages (count all wages paid on a time, piecework, or other basis) during the year for farmwork (the $150 test). Amend 2011 taxes The $150 test applies separately to each farmworker that you employ. Amend 2011 taxes If you employ a family of workers, each member is treated separately. Amend 2011 taxes Do not count wages paid by other employers. Amend 2011 taxes You pay cash and noncash wages of $2,500 or more during the year to all your employees for farmwork (the $2,500 test). Amend 2011 taxes If the $2,500 test for the group is not met, the $150 test for an employee still applies. Amend 2011 taxes Exceptions. Amend 2011 taxes   Annual cash wages of less than $150 you pay to a seasonal farmworker are not subject to social security and Medicare taxes, even if you pay $2,500 or more to all your farmworkers. Amend 2011 taxes However, these wages count toward the $2,500 test for determining whether other farmworkers' wages are subject to social security and Medicare taxes. Amend 2011 taxes   A seasonal farmworker is a worker who: Works as a hand-harvest laborer, Is paid piece rates in an operation usually paid on this basis in the region of employment, Commutes daily from his or her permanent home to the farm, and Worked in agriculture less than 13 weeks in the preceding calendar year. Amend 2011 taxes   See Family Employees , earlier, for certain exemptions from social security and Medicare taxes that apply to your child, spouse, and parent. Amend 2011 taxes Religious exemption. Amend 2011 taxes   An exemption from social security and Medicare taxes is available to members of a recognized religious group or division opposed to public insurance. Amend 2011 taxes This exemption is available only if both the employee and the employer are members of the group or division. Amend 2011 taxes   For more information, see Publication 517, Social Security and Other Information for Members of the Clergy and Religious Workers. Amend 2011 taxes Cash wages. Amend 2011 taxes   Only cash wages paid to farmworkers are subject to social security and Medicare taxes. Amend 2011 taxes Cash wages include checks, money orders, and any kind of money or cash. Amend 2011 taxes   Only cash wages subject to social security and Medicare taxes are credited to your employees for social security benefit purposes. Amend 2011 taxes Payments not subject to these taxes, such as commodity wages, do not contribute to your employees' social security coverage. Amend 2011 taxes For information about social security benefits, contact the SSA at 1-800-772-1213 or online at www. Amend 2011 taxes socialsecurity. Amend 2011 taxes gov. Amend 2011 taxes Noncash wages. Amend 2011 taxes    Noncash wages include food, lodging, clothing, transportation passes, and other goods and services. Amend 2011 taxes Noncash wages paid to farmworkers, including commodity wages, are not subject to social security and Medicare taxes. Amend 2011 taxes However, they are subject to these taxes if the substance of the transaction is a cash payment. Amend 2011 taxes For information on lodging provided as a condition of employment, see Publication 15-B. Amend 2011 taxes   Report the value of noncash wages in box 1 of Form W-2 together with cash wages. Amend 2011 taxes Do not show noncash wages in box 3 or in box 5, (unless the substance of the transaction is a cash payment). Amend 2011 taxes Tax rates and social security wage limit. Amend 2011 taxes   For 2013, the employer and the employee will pay the following taxes. Amend 2011 taxes The employer and employee each pay 6. Amend 2011 taxes 2% of cash wages for social security tax (old-age, survivors, and disability insurance). Amend 2011 taxes The employer and employee each pay 1. Amend 2011 taxes 45% of cash wages for Medicare tax (hospital insurance). Amend 2011 taxes The employee pays 0. Amend 2011 taxes 9% of cash wages in excess of $200,000 for Additional Medicare Tax. Amend 2011 taxes Wage limit. Amend 2011 taxes   The limit on wages subject to the social security tax for 2013 is $113,700. Amend 2011 taxes There is no limit on wages subject to the Medicare tax. Amend 2011 taxes All covered wages are subject to the Medicare tax. Amend 2011 taxes Additionally, all wages in excess of $200,000 are subject to Additional Medicare Tax withholding. Amend 2011 taxes Paying employee's share. Amend 2011 taxes   If you would rather pay the employee's share of social security and Medicare taxes without deducting it from his or her wages, you may do so. Amend 2011 taxes It is additional income to the employee. Amend 2011 taxes You must include it in box 1 of the employee's Form W-2, but do not count it as social security and Medicare wages (boxes 3 and 5 on Form W-2) or as wages for federal unemployment (FUTA) tax purposes. Amend 2011 taxes Example. Amend 2011 taxes Jane operates a small family fruit farm. Amend 2011 taxes She employs day laborers in the picking season to enable her to timely get her crop to market. Amend 2011 taxes She does not deduct the employees' share of social security and Medicare taxes from their pay; instead, she pays it on their behalf. Amend 2011 taxes When her accountant, Susan, prepares the employees' Forms W-2, she adds each employee's share of social security and Medicare taxes paid by Jane to the employee's wage income (box 1 of Form W-2), but does not include it in box 3 (social security wages) or box 5 (Medicare wages and tips). Amend 2011 taxes For 2013, Jane paid Mary $1,000 during the year. Amend 2011 taxes Susan enters $1,076. Amend 2011 taxes 50 in box 1 of Mary's Form W-2 ($1,000 wages plus $76. Amend 2011 taxes 50 social security and Medicare taxes paid for Mary). Amend 2011 taxes She enters $1,000 in boxes 3 and 5 of Mary's Form W-2. Amend 2011 taxes Additional Medicare Tax. Amend 2011 taxes   In addition to withholding Medicare tax at 1. Amend 2011 taxes 45%, you must withhold a 0. Amend 2011 taxes 9% Additional Medicare Tax from wages you pay to an employee in excess of $200,000 in a calendar year. Amend 2011 taxes You are required to begin withholding Additional Medicare Tax in the pay period in which you pay wages in excess of $200,000 to an employee and continue to withhold it each pay period until the end of the calendar year. Amend 2011 taxes Additional Medicare Tax is only imposed on the employee. Amend 2011 taxes There is no employer share of Additional Medicare Tax. Amend 2011 taxes All wages that are subject to Medicare tax are subject to Additional Medicare Tax withholding if paid in excess of the $200,000 threshold. Amend 2011 taxes   For more information on what wages are subject to Medicare tax, see the chart, Special Rules for Various Types of Services and Payments, in section 15 of Publication 15 (Circular E). Amend 2011 taxes For more information on Additional Medicare Tax, visit IRS. Amend 2011 taxes gov and enter “Additional Medicare Tax” in the search box. Amend 2011 taxes Federal Income Tax Withholding If the cash wages you pay to farmworkers are subject to social security and Medicare taxes, they are also subject to federal income tax withholding. Amend 2011 taxes Although noncash wages are subject to federal income tax, withhold income tax only if you and the employee agree to do so. Amend 2011 taxes The amount to withhold is figured on gross wages without taking out social security and Medicare taxes, union dues, insurance, etc. Amend 2011 taxes Form W-4. Amend 2011 taxes   Generally, the amount of federal income tax you withhold is based on the employee's marital status and withholding allowances claimed on the employee's Form W-4. Amend 2011 taxes In general, an employee can claim withholding allowances on Form W-4 equal to the number of exemptions the employee will be entitled to claim on his or her tax return. Amend 2011 taxes An employee may also be able to claim a special withholding allowance and allowances for estimated deductions and credits. Amend 2011 taxes   Do not withhold federal income tax from the wages of an employee who, by filing Form W-4, certifies that he or she had no federal income tax liability last year and anticipates no liability for the current year. Amend 2011 taxes   You should give each new employee a Form W-4 as soon as you hire the employee. Amend 2011 taxes For Spanish-speaking employees, you may use Formulario W-4(SP) which is the Spanish translation of Form W-4. Amend 2011 taxes Have the employee complete and return the form to you before the first payday. Amend 2011 taxes If the employee does not return the completed form, you must withhold federal income tax as if the employee is single and claims no withholding allowances. Amend 2011 taxes New Form W-4 for 2014. Amend 2011 taxes   You should make the 2014 Form W-4 available to your employees and encourage them to check their income tax withholding for 2014. Amend 2011 taxes Those employees who owed a large amount of tax or received a large refund for 2013 may want to submit a new Form W-4. Amend 2011 taxes You cannot accept substitute Forms W-4 developed by employees. Amend 2011 taxes How to figure withholding. Amend 2011 taxes   You can use one of several methods to determine the amount to withhold. Amend 2011 taxes The methods are described in Publication 51 (Circular A), which contains tables showing the correct amount of federal income tax you should withhold. Amend 2011 taxes Publication 51 (Circular A) also contains additional information about federal income tax withholding. Amend 2011 taxes Nonemployee compensation. Amend 2011 taxes   Generally, you do not have to withhold federal income tax on payments for services to individuals who are not your employees. Amend 2011 taxes However, you may be required to report these payments on Form 1099-MISC, Miscellaneous Income, and to withhold under the backup withholding rules. Amend 2011 taxes For more information, see the Instructions for Form 1099-MISC. Amend 2011 taxes Required Notice to Employees About Earned Income Credit (EIC) You must provide notification about EIC to each employee who worked for you at any time during the year and from whom you did not withhold any federal income tax. Amend 2011 taxes However, you do not have to notify employees who claim exemption from federal income tax withholding on Form W-4. Amend 2011 taxes You meet the notification requirement by giving each employee any of the following. Amend 2011 taxes Form W-2, which contains EIC notification on the back of Copy B. Amend 2011 taxes A substitute Form W-2 with the exact EIC wording shown on the back of copy B of Form W-2. Amend 2011 taxes Notice 797, Possible Federal Tax Refund Due to the Earned Income Credit (EIC). Amend 2011 taxes Your own written statement with the exact wording of Notice 797. Amend 2011 taxes For more information, see Publication 51 (Circular A). Amend 2011 taxes Reporting and Paying Social Security, Medicare, and Withheld Federal Income Taxes You must withhold federal income, social security, and Medicare taxes required to be withheld from the salaries and wages of your employees. Amend 2011 taxes You are liable for the payment of these taxes to the federal government whether or not you collect them from your employees. Amend 2011 taxes If, for example, you withhold less than the correct tax from an employee's wages, you are still liable for the full amount. Amend 2011 taxes You must also pay the employer's share of social security and Medicare taxes. Amend 2011 taxes There is no employer share of Additional Medicare Tax. Amend 2011 taxes Form 943. Amend 2011 taxes   Report withheld federal income tax, social security tax, and Medicare tax on Form 943. Amend 2011 taxes Your 2013 Form 943 is due by January 31, 2014 (or February 10, 2014, if you made deposits on time in full payment of the taxes due for the year). Amend 2011 taxes Deposits. Amend 2011 taxes   Generally, you must deposit both the employer and employee shares of social security and Medicare taxes and federal income tax withheld during the year. Amend 2011 taxes However, you may make payments with Form 943 instead of depositing them if you accumulate less than a $2,500 tax liability (“Total taxes after adjustments” line on Form 943) during the year and you pay in full with a timely filed return. Amend 2011 taxes   For more information on deposit rules, see Publication 51 (Circular A). Amend 2011 taxes Electronic deposit requirement. Amend 2011 taxes   You must use electronic funds transfer to make all federal tax deposits. Amend 2011 taxes Generally, electronic funds transfers are made using EFTPS. Amend 2011 taxes If you do not want to use EFTPS, you can arrange for your tax professional, financial institution, payroll service, or other trusted third party to make electronic deposits on your behalf. Amend 2011 taxes Also, you may arrange for your financial institution to initiate a same-day wire payment on your behalf. Amend 2011 taxes EFTPS is a free service provided by the Department of Treasury. Amend 2011 taxes Services provided by your tax professional, financial institution, payroll service, or other third party may have a fee. Amend 2011 taxes   For more information on making federal tax deposits, see section 7 of Publication 51 (Circular A). Amend 2011 taxes To get more information about EFTPS or to enroll in EFTPS, visit www. Amend 2011 taxes eftps. Amend 2011 taxes gov or call 1-800-555-4477 or 1-800-733-4829 (TDD). Amend 2011 taxes Additional information about EFTPS is also available in Publication 966. Amend 2011 taxes Form W-2. Amend 2011 taxes   By January 31, you must furnish each employee a Form W-2 showing total wages for the previous year and total federal income tax, social security tax, and Medicare tax withheld. Amend 2011 taxes However, if an employee stops working for you and requests the form earlier, you must give it to the employee within 30 days of the later of the following dates. Amend 2011 taxes The date the employee requests the form. Amend 2011 taxes The date you make your final payment of wages to the employee. Amend 2011 taxes Compensation paid to H-2A visa holders. Amend 2011 taxes   Report compensation of $600 or more paid to foreign agricultural workers who entered the country on H-2A visas in box 1 of Form W-2. Amend 2011 taxes Compensation paid to H-2A workers for agricultural labor performed in connection with this visa is not subject to social security and Medicare taxes, and therefore should not be reported as wages subject to social security tax (line 2), Medicare tax (line 4), or Additional Medicare Tax (line 6) on Form 943, and should not be reported as social security wages (box 3) or Medicare wages (box 5) on Form W-2. Amend 2011 taxes   An employer is not required to withhold federal income tax from compensation it pays to an H-2A worker for agricultural labor performed in connection with this visa unless the worker asks for withholding and the employer agrees. Amend 2011 taxes In this case, the worker must give the employer a completed Form W-4. Amend 2011 taxes Federal income tax withheld should be reported on Form 943, line 8, and in box 2 of Form W-2. Amend 2011 taxes   These reporting rules apply when the H-2A worker provides his or her taxpayer identification number (TIN) to the employer. Amend 2011 taxes For the rules relating to backup withholding and reporting when the H-2A worker does not provide a TIN, see the Instructions for Form 1099-MISC and the Instructions for Form 945. Amend 2011 taxes Trust fund recovery penalty. Amend 2011 taxes   If you are responsible for withholding, accounting for, depositing, or paying federal withholding taxes and willfully fail to do so, you can be held liable for a penalty equal to the withheld tax not paid. Amend 2011 taxes A responsible person can be an officer of a corporation, a partner, a sole proprietor, or an employee of any form of business. Amend 2011 taxes A trustee or agent with authority over the funds of the business can also be held responsible for the penalty. Amend 2011 taxes   Willfully means voluntarily, consciously, and intentionally. Amend 2011 taxes Paying other expenses of the business instead of the taxes due is acting willfully. Amend 2011 taxes Consequences of treating an employee as an independent contractor. Amend 2011 taxes   If you classify an employee as an independent contractor and you have no reasonable basis for doing so, you may be held liable for employment taxes for that worker. Amend 2011 taxes See Publication 15-A for more information. Amend 2011 taxes Federal Unemployment (FUTA) Tax You must pay FUTA tax if you meet either of the following tests. Amend 2011 taxes You paid cash wages of $20,000 or more to farmworkers in any calendar quarter during the current or preceding calendar year. Amend 2011 taxes You employed 10 or more farmworkers for some part of at least 1 day during any 20 or more different calendar weeks during the current or preceding calendar year. Amend 2011 taxes These rules do not apply to exempt services of your spouse, your parents, or your children under age 21. Amend 2011 taxes See Family Employees , earlier. Amend 2011 taxes Alien farmworkers. Amend 2011 taxes   Wages paid to aliens admitted on a temporary basis to the United States to perform farmwork (also known as “H-2A visa workers”) are exempt from FUTA tax. Amend 2011 taxes However, include your employment of these workers and the wages you paid them to determine whether you meet either of the above tests. Amend 2011 taxes Commodity wages. Amend 2011 taxes   Payments in kind for farm labor are not cash wages. Amend 2011 taxes Do not count them to figure whether you are subject to FUTA tax or to figure how much tax you owe. Amend 2011 taxes Tax rate and credit. Amend 2011 taxes   The gross FUTA tax rate is 6. Amend 2011 taxes 0% of the first $7,000 cash wages you pay to each employee during the year. Amend 2011 taxes However, you are given a credit of up to 5. Amend 2011 taxes 4% of the first $7,000 cash wages you pay to each employee for the state unemployment tax you pay. Amend 2011 taxes If your state tax rate (experience rate) is less than 5. Amend 2011 taxes 4%, you may still be allowed the full 5. Amend 2011 taxes 4% credit. Amend 2011 taxes   If you do not pay the state tax, you cannot take the credit. Amend 2011 taxes If you are exempt from state unemployment tax for any reason, the full 6. Amend 2011 taxes 0% rate applies. Amend 2011 taxes See the Instructions for Form 940 for additional information. Amend 2011 taxes More information. Amend 2011 taxes   For more information on FUTA tax, see Publication 51 (Circular A). Amend 2011 taxes Reporting and Paying FUTA Tax The FUTA tax is imposed on you as the employer. Amend 2011 taxes It must not be collected or deducted from the wages of your employees. Amend 2011 taxes Form 940. Amend 2011 taxes   Report FUTA tax on Form 940. Amend 2011 taxes The 2013 Form 940 is due January 31, 2014 (or February 10, 2014, if you timely deposited the full amount of your 2013 FUTA tax). Amend 2011 taxes Deposits. Amend 2011 taxes   If at the end of any calendar quarter you owe, but have not yet deposited, more than $500 in FUTA tax for the year, you must make a deposit by the end of the following month. Amend 2011 taxes If the undeposited tax is $500 or less at the end of a quarter, you do not have to deposit it. Amend 2011 taxes You can add it to the tax for the next quarter. Amend 2011 taxes If the total undeposited tax is more than $500 at the end of the next quarter, a deposit will be required. Amend 2011 taxes If the total undeposited tax at the end of the 4th quarter is $500 or less, you can either make a deposit or pay it with your return by the January 31, 2014, due date. Amend 2011 taxes Electronic deposit requirement. Amend 2011 taxes   You must use electronic funds transfer to make all federal tax deposits. Amend 2011 taxes Generally, electronic funds transfers are made using EFTPS. Amend 2011 taxes If you do not want to use EFTPS, you can arrange for your tax professional, financial institution, payroll service, or other trusted third party to make electronic deposits on your behalf. Amend 2011 taxes Also, you may arrange for your financial institution to initiate a same-day wire payment on your behalf. Amend 2011 taxes EFTPS is a free service provided by the Department of Treasury. Amend 2011 taxes Services provided by your tax professional, financial institution, payroll service, or other third party may have a fee. Amend 2011 taxes   For more information on making federal tax deposits, see section 7 of Publication 51 (Circular A). Amend 2011 taxes To get more information about EFTPS or to enroll in EFTPS, visit www. Amend 2011 taxes eftps. Amend 2011 taxes gov or call 1-800-555-4477 or 1-800-733-4829 (TDD). Amend 2011 taxes Additional information about EFTPS is also available in Publication 966. 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The Amend 2011 Taxes

Amend 2011 taxes Publication 505 - Introductory Material Table of Contents IntroductionNonresident aliens. Amend 2011 taxes Ordering forms and publications. Amend 2011 taxes Tax questions. Amend 2011 taxes What's New for 2014 Reminders Introduction The federal income tax is a pay-as-you-go tax. Amend 2011 taxes You must pay the tax as you earn or receive income during the year. Amend 2011 taxes There are two ways to pay as you go. Amend 2011 taxes Withholding. Amend 2011 taxes If you are an employee, your employer probably withholds income tax from your pay. Amend 2011 taxes In addition, tax may be withheld from certain other income, such as pensions, bonuses, commissions, and gambling winnings. Amend 2011 taxes The amount withheld is paid to the Internal Revenue Service (IRS) in your name. Amend 2011 taxes Estimated tax. Amend 2011 taxes If you do not pay your tax through withholding, or do not pay enough tax that way, you might have to pay estimated tax. Amend 2011 taxes People who are in business for themselves generally will have to pay their tax this way. Amend 2011 taxes You may have to pay estimated tax if you receive income such as dividends, interest, capital gains, rents, and royalties. Amend 2011 taxes Estimated tax is used to pay not only income tax, but other taxes such as self-employment tax and alternative minimum tax. Amend 2011 taxes This publication explains both of these methods. Amend 2011 taxes It also explains how to take credit on your return for the tax that was withheld and for your estimated tax payments. Amend 2011 taxes If you did not pay enough tax during the year, either through withholding or by making estimated tax payments, you may have to pay a penalty. Amend 2011 taxes Generally, the IRS can figure this penalty for you. Amend 2011 taxes This underpayment penalty, and the exceptions to it, are discussed in chapter 4. Amend 2011 taxes Nonresident aliens. Amend 2011 taxes    Before completing Form W-4, nonresident alien employees should see the Instructions for Form 8233, Exemption From Withholding on Compensation for Independent (and Certain Dependent) Personal Services of a Nonresident Alien Individual. Amend 2011 taxes Also see chapter 8 of Publication 519, U. Amend 2011 taxes S. Amend 2011 taxes Tax Guide for Aliens, for important information on withholding. Amend 2011 taxes What's new for 2013 and 2014. Amend 2011 taxes   See What's New for 2014 in this Introduction, and What's New for 2013 in chapter 4. Amend 2011 taxes Comments and suggestions. Amend 2011 taxes   We welcome your comments about this publication and your suggestions for future editions. Amend 2011 taxes   You can write to us at the following address: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. Amend 2011 taxes NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. Amend 2011 taxes Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. Amend 2011 taxes   You can send your comments from www. Amend 2011 taxes irs. Amend 2011 taxes gov/formspubs/. Amend 2011 taxes Click on “More Information” and then on Give us feedback on forms and publications. Amend 2011 taxes   Although we cannot respond individually to each comment received, we do appreciate your feedback and will consider your comments as we revise our tax products. Amend 2011 taxes Ordering forms and publications. Amend 2011 taxes   Visit www. Amend 2011 taxes irs. Amend 2011 taxes gov/formspubs/ to download forms and publications, call 1-800-TAX-FORM (1-800-829-3676), or write to the address below and receive a response within 10 business days after your request is received. Amend 2011 taxes Internal Revenue Service 1201 N. Amend 2011 taxes Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. Amend 2011 taxes   If you have a tax question, check the information available on IRS. Amend 2011 taxes gov or call 1-800-829-1040. Amend 2011 taxes We cannot answer tax questions sent to either of the above addresses. Amend 2011 taxes What's New for 2014 Use your 2013 tax return as a guide in figuring your 2014 estimated tax, but be sure to consider the following. Amend 2011 taxes Standard mileage rates. Amend 2011 taxes  The 2014 rate for business use of your vehicle is 56 cents per mile. Amend 2011 taxes The rate for use of your vehicle to get medical care or move is 23½ cents per mile. Amend 2011 taxes The rate of 14 cents per mile for charitable use is unchanged. Amend 2011 taxes Personal exemption increased for certain taxpayers. Amend 2011 taxes  For 2014, the personal exemption amount is increased to $3,950 for taxpayers with adjusted gross income at or below $305,050 if married filing jointly or qualifying widow(er), $279,650 if head of household, $254,200 if single, or $152,525 if married filing separately. Amend 2011 taxes The personal exemption amount for taxpayers with adjusted gross income above these thresholds may be reduced. Amend 2011 taxes Limitation on itemized deductions. Amend 2011 taxes  For 2014, itemized deductions for taxpayers with adjusted gross income above $305,050 if married filing jointly or qualifying widow(er), $279,650 if head of household, $254,200 if single, and $152,525 if married filing separately may be reduced. Amend 2011 taxes Health care coverage. Amend 2011 taxes  When you file your 2014 tax return in 2015, you will need to either (1) indicate on your return that you and your family had health care coverage throughout 2014, (2) claim an exemption from the health care coverage requirement for some or all of 2014, or (3) make a payment if you do not have coverage or an exemption(s) for all 12 months of 2014. Amend 2011 taxes For examples on how this payment works, go to www. Amend 2011 taxes IRS. Amend 2011 taxes gov/aca and click under the “Individuals & Families” section. Amend 2011 taxes You may want to consider this when figuring your “Other taxes” on Line 12 of the 2014 Estimated Tax Worksheet (Worksheet 2-1). Amend 2011 taxes For general information on these requirements, go to www. Amend 2011 taxes IRS. Amend 2011 taxes gov/aca. Amend 2011 taxes Advance payments of the Premium Tax Credit. Amend 2011 taxes  If you buy health care insurance through the Health Insurance Marketplace, you may be eligible for advance payments of the Premium Tax Credit to help pay for your insurance coverage. Amend 2011 taxes Receiving too little or too much in advance will affect your refund or balance due. Amend 2011 taxes Promptly report changes in your income or family size to your Marketplace. Amend 2011 taxes You may want to consider this when figuring your estimated taxes for 2014. Amend 2011 taxes For more information, go to www. Amend 2011 taxes IRS. Amend 2011 taxes gov/aca and see Publication 5120 and Publication 5121. Amend 2011 taxes http://www. Amend 2011 taxes IRS. Amend 2011 taxes gov/pub5120 Alternative minimum tax (AMT) exemption amount increased. Amend 2011 taxes  The AMT exemption amount is increased to $52,800 ($82,100 if married filing jointly or qualifying widow(er); $41,050 if married filing separately). Amend 2011 taxes Lifetime learning credit income limits. Amend 2011 taxes  In order to claim a lifetime learning credit, your MAGI must be less than $54,000 ($108,000 if married filing jointly). Amend 2011 taxes Retirement savings contribution credit income limits increased. Amend 2011 taxes  In order to claim this credit for 2014, your MAGI must be less than $30,000 ($60,000 if married filing jointly; $45,000 if head of household). Amend 2011 taxes Adoption credit or exclusion. Amend 2011 taxes  The maximum adoption credit or exclusion for employer-provided adoption benefits has increased to $13,190. Amend 2011 taxes In order to claim either the credit or exclusion, your MAGI must be less than $237,880. Amend 2011 taxes Earned income credit (EIC). Amend 2011 taxes  You may be able to take the EIC in 2014 if: Three or more children lived with you and you earned less than $46,997 ($52,427 if married filing jointly), Two children lived with you and you earned less than $43,756 ($49,186 if married filing jointly), One child lived with you and you earned less than $38,511 ($43,941 if married filing jointly), or A child did not live with you and you earned less than $14,590 ($20,020 if married filing jointly). Amend 2011 taxes Also, the maximum MAGI you can have and still get the credit has increased. Amend 2011 taxes You may be able to take the credit if your MAGI is less than the amount in the above list that applies to you. Amend 2011 taxes The maximum investment income you can have and get the credit has increased to $3,350. Amend 2011 taxes Reminders Future developments. Amend 2011 taxes  The IRS has created a page on IRS. Amend 2011 taxes gov for information about Publication 505 at www. Amend 2011 taxes irs. Amend 2011 taxes gov/pub505. Amend 2011 taxes Information about any future developments affecting Publication 505 (such as legislation enacted after we release it) will be posted on that page. Amend 2011 taxes Social security tax. Amend 2011 taxes   Generally, each employer for whom you work during the tax year must withhold social security tax up to the annual limit. Amend 2011 taxes The annual limit is $117,000 in 2014. Amend 2011 taxes Photographs of missing children. Amend 2011 taxes  The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. Amend 2011 taxes Photographs of missing children selected by the Center may appear in this publication on pages that otherwise would be blank. Amend 2011 taxes You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. Amend 2011 taxes Additional Medicare Tax. Amend 2011 taxes  Beginning in 2013, a 0. Amend 2011 taxes 9% Additional Medicare Tax applies to Medicare wages, Railroad Retirement Tax Act compensation, and self-employment income over a threshold amount based on your filing status. Amend 2011 taxes You may need to include this amount when figuring your estimated tax. Amend 2011 taxes See the instructions for line 12 of the 2014 Estimated Tax Worksheet. Amend 2011 taxes You may also request that your employer deduct and withhold an additional amount of income tax withholding from your wages on Form W-4, Employee's Withholding Allowance Certificate. Amend 2011 taxes For more information on Additional Medicare Tax, go to IRS. Amend 2011 taxes gov and enter “Additional Medicare Tax” in the search box. Amend 2011 taxes Net Investment Income Tax. Amend 2011 taxes  Beginning in 2013, you may be subject to Net Investment Income Tax (NIIT). Amend 2011 taxes NIIT is a 3. Amend 2011 taxes 8% tax on the lesser of net investment income or the excess of your modified adjusted gross income (MAGI) over the threshold amount. Amend 2011 taxes NIIT may need to be included when figuring estimated tax. Amend 2011 taxes See the instructions for line 12 of the 2014 Estimated Tax Worksheet. Amend 2011 taxes You may also request that your employer deduct and withhold an additional amount of income tax withholding from your wages on Form W-4. Amend 2011 taxes For more information on NIIT, go to IRS. Amend 2011 taxes gov and enter “Net Investment Income Tax” in the search box. Amend 2011 taxes Prev  Up  Next   Home   More Online Publications