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Do Students Have To File Taxes

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Do Students Have To File Taxes

Do students have to file taxes Publication 4492-B - Main Content Table of Contents DefinitionsMidwestern Disaster Areas Applicable Disaster Date Charitable Giving IncentivesTemporary Suspension of Limits on Charitable Contributions Standard Mileage Rate for Charitable Use of Vehicles Mileage Reimbursements to Charitable Volunteers Casualty and Theft LossesTime limit for making election. Do students have to file taxes Replacement Period for Nonrecognition of Gain Net Operating Losses IRAs and Other Retirement PlansDefinitions Taxation of Qualified Disaster Recovery Assistance Distributions Repayment of Qualified Disaster Recovery Assistance Distributions Repayment of Qualified Distributions for the Purchase or Construction of a Main Home Loans From Qualified Plans Additional Tax Relief for IndividualsEarned Income Credit and Child Tax Credit Additional Exemption for Housing Individuals Displaced by the Severe Storms, Tornadoes, or Flooding Education Credits Recapture of Federal Mortgage Subsidy Exclusion of Certain Cancellations of Indebtedness by Reason of the Severe Storms, Tornadoes, or Flooding Tax Relief for Temporary Relocation Additional Tax Relief for BusinessesEmployee Retention Credit Employer Housing Credit and Exclusion Demolition and Clean-up Costs Increase in Rehabilitation Tax Credit Request for Copy or Transcript of Tax Return How To Get Tax HelpLow Income Taxpayer Clinics (LITCs). Do students have to file taxes Definitions The following definitions are used throughout this publication. Do students have to file taxes Midwestern Disaster Areas A Midwestern disaster area is an area for which a major disaster was declared by the President during the period beginning on May 20, 2008, and ending on July 31, 2008, in the state of Arkansas, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, or Wisconsin, as a result of severe storms, tornadoes, or flooding that occurred on the applicable disaster date. Do students have to file taxes See Tables 1 and 2 for a list of the counties included in the Midwestern disaster areas. Do students have to file taxes Applicable Disaster Date The term “applicable disaster date” as used in this publication, refers to the date on which the severe storms, tornadoes, or flooding occurred in the Midwestern disaster areas. Do students have to file taxes You will need to know this date when using this publication for the various tax provisions. Do students have to file taxes Table 1 The counties listed in Table 1 below are eligible for all tax provisions shown in this publication. Do students have to file taxes Applicable Disaster Dates* State Affected Counties—Midwestern Disaster Areas 05/02/2008through05/12/2008 Arkansas Arkansas, Benton, Cleburne, Conway, Crittenden, Grant, Lonoke, Mississippi, Phillips, Pulaski, Saline, and Van Buren. Do students have to file taxes 06/01/2008through07/22/2008 Illinois Adams, Calhoun, Clark, Coles, Crawford, Cumberland, Douglas, Edgar, Hancock, Henderson, Jasper, Jersey, Lake, Lawrence, Mercer, Rock Island, Whiteside, and Winnebago. Do students have to file taxes 05/30/2008through06/27/2008 Indiana Adams, Bartholomew, Brown, Clay, Daviess, Dearborn, Decatur, Gibson, Grant, Greene, Hamilton, Hancock, Hendricks, Henry, Huntington, Jackson, Jefferson, Jennings, Johnson, Knox, Lawrence, Madison, Marion, Monroe, Morgan, Owen, Parke, Pike, Posey, Putnam, Randolph, Ripley, Rush, Shelby, Sullivan, Tippecanoe, Vermillion, Vigo, Washington, and Wayne. Do students have to file taxes 05/25/2008through08/13/2008 Iowa Adair, Adams, Allamakee, Appanoose, Audubon, Benton, Black Hawk, Boone, Bremer, Buchanan, Butler, Cass, Cedar, Cerro Gordo, Chickasaw, Clarke, Clayton, Clinton, Crawford, Dallas, Davis, Decatur, Delaware, Des Moines, Dubuque, Fayette, Floyd, Franklin, Fremont, Greene, Grundy, Guthrie, Hamilton, Hancock, Hardin, Harrison, Henry, Howard, Humboldt, Iowa, Jackson, Jasper, Johnson, Jones, Keokuk, Kossuth, Lee, Linn, Louisa, Lucas, Madison, Mahaska, Marion, Marshall, Mills, Mitchell, Monona, Monroe, Montgomery, Muscatine, Page, Polk, Pottawattamie, Poweshiek, Ringgold, Scott, Story, Tama, Union, Van Buren, Wapello, Warren, Washington, Webster, Winnebago, Winneshiek, Worth, and Wright. Do students have to file taxes 05/10/2008through05/11/2008 Missouri Barry, Jasper, and Newton. Do students have to file taxes 06/01/2008through08/13/2008 Missouri Adair, Andrew, Callaway, Cass, Chariton, Clark, Gentry, Greene, Harrison, Holt, Johnson, Lewis, Lincoln, Linn, Livingston, Macon, Marion, Monroe, Nodaway, Pike, Putnam, Ralls, St. Do students have to file taxes Charles, Stone, Taney, Vernon, and Webster. Do students have to file taxes 05/22/2008through06/24/2008 Nebraska Buffalo, Butler, Colfax, Custer, Dawson, Douglas, Gage, Hamilton, Holt, Jefferson, Kearney, Lancaster, Platte, Richardson, Sarpy, and Saunders. Do students have to file taxes 06/05/2008through07/25/2008 Wisconsin Adams, Calumet, Crawford, Columbia, Dane, Dodge, Fond du Lac, Grant, Green, Green Lake, Iowa, Jefferson, Juneau, Kenosha, La Crosse, Manitowoc, Marquette, Milwaukee, Monroe, Ozaukee, Racine, Richland, Rock, Sauk, Sheboygan, Vernon, Walworth, Washington, Waukesha, and Winnebago. Do students have to file taxes *For more details, go to www. Do students have to file taxes fema. Do students have to file taxes gov Table 2 The counties listed in Table 2 below are eligible for all of the special tax provisions shown in this publication except the following. Do students have to file taxes Charitable Giving Incentives. Do students have to file taxes Net Operating Losses. Do students have to file taxes Education Credits. Do students have to file taxes Recapture of Federal Mortgage Subsidy. Do students have to file taxes Tax Relief for Temporary Relocation. Do students have to file taxes Employee Retention Credit. Do students have to file taxes Employer Housing Credit and Exclusion. Do students have to file taxes Demolition and Clean-up Costs. Do students have to file taxes Increase in Rehabilitation Credit. Do students have to file taxes Applicable Disaster Dates* State Affected Counties—Midwestern Disaster Areas 06/01/2008through07/22/2008 Illinois Greene, Madison, Monroe, Pike, Randolph, St. Do students have to file taxes Clair, and Scott. Do students have to file taxes 05/30/2008through06/27/2008 Indiana Benton, Boone, Fountain, Franklin, Jay, Montgomery, Ohio, Switzerland, Union, and Wabash. Do students have to file taxes 05/25/2008through08/13/2008 Iowa Carroll, Cherokee, Lyon, Palo Alto, Pocahontas, Taylor, and Wayne. Do students have to file taxes 05/22/2008through06/16/2008 Kansas Barber, Barton, Bourbon, Brown, Butler, Chautauqua, Cherokee, Clark, Clay, Comanche, Cowley, Crawford, Decatur, Dickinson, Edwards, Elk, Ellis, Ellsworth, Franklin, Gove, Graham, Harper, Haskell, Hodgeman, Jackson, Jewell, Kingman, Kiowa, Lane, Linn, Logan, Mitchell, Montgomery, Ness, Norton, Osborne, Pawnee, Phillips, Pratt, Reno, Republic, Riley, Rooks, Rush, Saline, Seward, Sheridan, Smith, Stafford, Sumner, Thomas, Trego, Wallace, and Wilson. Do students have to file taxes 06/06/2008through06/13/2008 Michigan Allegan, Barry, Eaton, Ingham, Lake, Manistee, Mason, Missaukee, Osceola, Ottawa, Saginaw, and Wexford. Do students have to file taxes 06/06/2008through06/12/2008 Minnesota Cook, Fillmore, Freeborn, Houston, Mower, and Nobles. Do students have to file taxes 06/01/2008through08/13/2008 Missouri Atchison, Audrain, Bates, Buchanan, Cape Girardeau, Carroll, Christian, Daviess, Grundy, Howard, Jefferson, Knox, Mercer, Miller, Mississippi, Morgan, New Madrid, Pemiscot, Perry, Pettis, Platte, Polk, Randolph, Ray, Saline, Schuyler, Scotland, Shelby, St. Do students have to file taxes Genevieve, St. Do students have to file taxes Louis, the Independent City of St. Do students have to file taxes Louis, Scott, Sullivan, and Worth. Do students have to file taxes 04/23/2008through04/26/2008 Nebraska Gage, Johnson, Morrill, Nemaha, and Pawnee. Do students have to file taxes 05/22/2008through06/24/2008 Nebraska Adams, Blaine, Boone, Boyd, Brown, Burt, Cass, Chase, Cherry, Cuming, Dundy, Fillmore, Frontier, Furnas, Garfield, Gosper, Greeley, Hall, Hayes, Howard, Johnson, Keya Paha, Lincoln, Logan, Loup, Merrick, McPherson, Morrill, Nance, Nemaha, Otoe, Phelps, Polk, Red Willow, Rock, Saline, Seward, Sherman, Stanton, Thayer, Thomas, Thurston, Valley, Webster, Wheeler, and York. Do students have to file taxes 06/27/2008 Nebraska Dodge, Douglas, Sarpy, and Saunders. Do students have to file taxes 06/05/2008through07/25/2008 Wisconsin Lafayette. Do students have to file taxes * For more details, go to www. Do students have to file taxes fema. Do students have to file taxes gov Charitable Giving Incentives Temporary Suspension of Limits on Charitable Contributions This benefit applies only to the counties in Table 1. Do students have to file taxes Individuals. Do students have to file taxes   Qualified contributions are not subject to the overall limit on itemized deductions or the 50% of adjusted gross income (AGI) limit. Do students have to file taxes A qualified contribution is a charitable contribution paid in cash or by check to a 50% limit organization if you make an election to have the 50% limit not apply to these contributions. Do students have to file taxes   A qualified contribution must also meet all of the following requirements. Do students have to file taxes Be paid after May 1, 2008, and before January 1, 2009. Do students have to file taxes The contribution must be for relief efforts in one or more Midwestern disaster areas. Do students have to file taxes Documentation must be provided by the donee organization that the contribution was used (or will be used) for relief efforts in one or more Midwestern disaster areas. Do students have to file taxes   Your deduction for qualified contributions is limited to your AGI minus your deduction for all other charitable contributions. Do students have to file taxes You can carry over any contributions you are not able to deduct for 2008 because of this limit. Do students have to file taxes In 2009, the carryover of your unused qualified contributions is subject to the 50% of AGI limit. Do students have to file taxes Exception. Do students have to file taxes   Qualified contributions do not include contributions to certain private foundations described in section 509(a)(3) or contributions for the establishment of a new, or maintenance of an existing, donor advised fund. Do students have to file taxes Corporations. Do students have to file taxes   A corporation can elect to deduct qualified cash contributions without regard to the 10% of taxable income limit if the contributions were paid after May 1, 2008, and before January 1, 2009, to a qualified charitable organization (other than certain private foundations described in section 509(a)(3) or contributions for the establishment of a new, or maintenance of an existing, donor advised fund), for relief efforts in one or more Midwestern disaster areas. Do students have to file taxes Documentation must be provided by the donee organization that the contribution was used (or will be used) for relief efforts in one or more Midwestern disaster areas. Do students have to file taxes The corporation's deduction for these qualified contributions is limited to 100% of taxable income (as modified for the 10% limit) minus the corporation's deduction for all other charitable contributions. Do students have to file taxes Any qualified contributions over this limit can be carried over to the next 5 years, subject to the 10% of taxable income limit. Do students have to file taxes Partners and shareholders. Do students have to file taxes   Each partner in a partnership and each shareholder in an S corporation must make a separate election to have the appropriate limit not apply. Do students have to file taxes More information. Do students have to file taxes   For more information, see Publication 526 or Publication 542, Corporations. Do students have to file taxes Publication 526 includes a worksheet you can use to figure your deduction if any limits apply to your charitable contributions. Do students have to file taxes Standard Mileage Rate for Charitable Use of Vehicles This benefit applies only to the counties in Table 1. Do students have to file taxes The following are special standard mileage rates in effect for 2008 for the cost of operating your vehicle for providing charitable services related only to the severe storms, tornadoes, or flooding. Do students have to file taxes 36 cents per mile for the period beginning on the applicable disaster date through June 30, 2008. Do students have to file taxes 41 cents per mile for the period July 1 through December 31, 2008. Do students have to file taxes Mileage Reimbursements to Charitable Volunteers This benefit applies only to the counties in Table 1. Do students have to file taxes You can exclude from income amounts you receive as mileage reimbursements for the use of a private passenger vehicle for the benefit of a qualified charitable organization in providing relief related to the severe storms, tornadoes, or flooding during the period beginning on the applicable disaster date, and ending on December 31, 2008. Do students have to file taxes You cannot claim a deduction or credit for amounts you exclude. Do students have to file taxes You must keep records of miles driven, time, place (or use), and purpose of the mileage. Do students have to file taxes The amount you can exclude cannot exceed the standard business mileage rate (shown below) for expenses incurred during the following periods. Do students have to file taxes 50. Do students have to file taxes 5 cents per mile for the period beginning on the applicable disaster date through June 30, 2008. Do students have to file taxes 58. Do students have to file taxes 5 cents per mile for the period July 1 through December 31, 2008. Do students have to file taxes Casualty and Theft Losses This benefit applies to the counties in both Tables 1 and 2. Do students have to file taxes The following paragraphs explain changes to casualty and theft losses that were caused by the severe storms, tornadoes, or flooding in the Midwestern disaster areas. Do students have to file taxes For more information, see Publication 547. Do students have to file taxes Limits on personal casualty or theft losses. Do students have to file taxes   Losses of personal use property that arose in a Midwestern disaster area on or after the applicable disaster date are not subject to the $100 or 10% of AGI limits. Do students have to file taxes Qualifying losses include losses from casualties and thefts that arose in a Midwestern disaster area that were attributable to the severe storms, tornadoes, or flooding. Do students have to file taxes When completing Form 4684, do not include on line 17 any losses that arose in a Midwestern disaster area. Do students have to file taxes A loss arising in a Midwestern disaster area is not considered a loss attributable to a federally declared disaster for purposes of that line and cannot be added to your standard deduction. Do students have to file taxes When to deduct the loss. Do students have to file taxes   Casualty and theft losses are generally deductible only in the year the casualty occurred or the theft was discovered. Do students have to file taxes However, you can elect to deduct losses caused by the severe storms, tornadoes, or flooding on your return for the prior year. Do students have to file taxes Special instructions for individuals who elect to claim a Midwestern disaster area casualty or theft loss for 2007. Do students have to file taxes   Individuals filing or amending their 2007 tax return for casualty or theft losses that were attributable to the severe storms, tornadoes, or flooding should: Enter “Midwestern Disaster Area” at the top of Form 1040 or Form 1040X, and Complete the 2008 version of Form 4684. Do students have to file taxes Cross out “2008” and enter “2007” at the top of Form 4684. Do students have to file taxes Time limit for making election. Do students have to file taxes   You must make this election to claim your casualty or theft loss in 2007 by the later of the following dates. Do students have to file taxes The due date (without extensions) for filing your 2008 income tax return. Do students have to file taxes The due date (with extensions) for filing your 2007 income tax return. Do students have to file taxes Example. Do students have to file taxes If you are a calendar year individual taxpayer, you have until April 15, 2009, to amend your 2007 tax return to claim a casualty or theft loss that occurred during 2008. Do students have to file taxes Replacement Period for Nonrecognition of Gain This benefit applies to the counties in both Tables 1 and 2. Do students have to file taxes Generally, an involuntary conversion occurs when property is damaged, destroyed, stolen, seized, requisitioned, or condemned, and you receive other property or money in payment, such as insurance or a condemnation award. Do students have to file taxes Generally, you do not have to report a gain (if any) if you replace the property within 2 years (4 years for a main home in a federally declared disaster area). Do students have to file taxes However, for property that was involuntarily converted on or after the applicable disaster date, as a result of the severe storms, tornadoes, or flooding, a 5-year replacement period applies if substantially all of the use of the replacement property is in a Midwestern disaster area. Do students have to file taxes For more information, see the Instructions for Form 4684. Do students have to file taxes Net Operating Losses This benefit applies only to the counties in Table 1. Do students have to file taxes Qualified disaster recovery assistance loss. Do students have to file taxes   Generally, you can carry a net operating loss (NOL) back to the 2 tax years before the NOL year. Do students have to file taxes However, the portion of an NOL that is a qualified disaster recovery assistance loss can be carried back to the 5 tax years before the NOL year. Do students have to file taxes In addition, the 90% limit on the alternative tax NOL deduction (ATNOLD) does not apply to such portion of the ATNOLD. Do students have to file taxes   A qualified disaster recovery assistance loss is the smaller of: The excess of the NOL for the year over the specified liability loss for the year to which a 10-year carryback applies, or The total of the following deductions (to the extent they are taken into account in computing the NOL for the tax year): Qualified disaster recovery assistance casualty loss (as defined below), Moving expenses paid or incurred on or after the applicable disaster date, and before January 1, 2011, for the employment of an individual whose main home was in a Midwestern disaster area before the applicable disaster date, who was unable to remain in that home because of the severe storms, tornadoes, or flooding, and whose main job location (after the move) is in a Midwestern disaster area, Temporary housing expenses paid or incurred on or after the applicable disaster date, and before January 1, 2011, to house employees of the taxpayer whose main job location is in a Midwestern disaster area, Depreciation or amortization allowable for any qualified disaster recovery assistance property (even if you elected not to claim the special disaster recovery assistance depreciation allowance for such property) for the year placed in service, and Repair expenses (including expenses for the removal of debris) paid or incurred on or after the applicable disaster date, and before January 1, 2011, for any damage from the severe storms, tornadoes, or flooding to property located in a Midwestern disaster area. Do students have to file taxes Qualified disaster recovery assistance casualty loss. Do students have to file taxes   A qualified disaster recovery assistance casualty loss is any deductible section 1231 loss of property located in a Midwestern disaster area if the loss was caused by the severe storms, tornadoes, or flooding. Do students have to file taxes For this purpose, the amount of the loss is reduced by any recognized gain from an involuntary conversion caused by the severe storms, tornadoes, or flooding of property located in a Midwestern disaster area. Do students have to file taxes Any such loss taken into account in figuring your qualified disaster recovery assistance loss is not eligible for the election to be treated as having occurred in the previous tax year. Do students have to file taxes More information. Do students have to file taxes   For more information on NOLs, see Publication 536 or Publication 542, Corporations. Do students have to file taxes IRAs and Other Retirement Plans New rules provide for tax-favored withdrawals, repayments, and loans from certain retirement plans for taxpayers who suffered economic losses as a result of the severe storms, tornadoes, or flooding. Do students have to file taxes Definitions Qualified disaster recovery assistance distribution. Do students have to file taxes   A qualified disaster recovery assistance distribution is any distribution you received from an eligible retirement plan if all of the following apply. Do students have to file taxes The distribution was made on or after the applicable disaster date and before January 1, 2010. Do students have to file taxes Your main home was located in a Midwestern disaster area on the applicable disaster date. Do students have to file taxes You sustained an economic loss because of the severe storms, tornadoes, or flooding and your main home was in a Midwestern disaster area on the applicable disaster date. Do students have to file taxes Examples of an economic loss include, but are not limited to: Loss, damage to, or destruction of real or personal property from fire, flooding, looting, vandalism, theft, wind, or other cause; Loss related to displacement from your home; or Loss of livelihood due to temporary or permanent layoffs. Do students have to file taxes   If (1) through (3) above apply, you can generally designate any distribution (including periodic payments and required minimum distributions) from an eligible retirement plan as a qualified disaster recovery assistance distribution, regardless of whether the distribution was made on account of the severe storms, tornadoes, or flooding. Do students have to file taxes Qualified disaster recovery assistance distributions are permitted without regard to your need or the actual amount of your economic loss. Do students have to file taxes   The total of your qualified disaster recovery assistance distributions from all plans is limited to $100,000. Do students have to file taxes If you have distributions in excess of $100,000 from more than one type of plan, such as a 401(k) plan and an IRA, you can allocate the $100,000 limit among the plans any way you choose. Do students have to file taxes   A reduction or offset (on or after the applicable disaster date) of your account balance in an eligible retirement plan in order to repay a loan can also be designated as a qualified disaster recovery assistance distribution. Do students have to file taxes Eligible retirement plan. Do students have to file taxes   An eligible retirement plan can be any of the following. Do students have to file taxes A qualified pension, profit-sharing, or stock bonus plan (including a 401(k) plan). Do students have to file taxes A qualified annuity plan. Do students have to file taxes A tax-sheltered annuity contract. Do students have to file taxes A governmental section 457 deferred compensation plan. Do students have to file taxes A traditional, SEP, SIMPLE, or Roth IRA. Do students have to file taxes Main home. Do students have to file taxes   Generally, your main home is the home where you live most of the time. Do students have to file taxes A temporary absence due to special circumstances, such as illness, education, business, military service, evacuation, or vacation, will not change your main home. Do students have to file taxes Taxation of Qualified Disaster Recovery Assistance Distributions This benefit applies to the counties in both Tables 1 and 2. Do students have to file taxes Qualified disaster recovery assistance distributions are included in income in equal amounts over three years. Do students have to file taxes However, if you elect, you can include the entire distribution in your income in the year it was received. Do students have to file taxes Qualified disaster recovery assistance distributions are not subject to the additional 10% tax (or the additional 25% tax for certain distributions from SIMPLE IRAs) on early distributions from qualified retirement plans (including IRAs). Do students have to file taxes However, any distributions you receive in excess of the $100,000 qualified disaster recovery assistance distribution limit may be subject to the additional tax on early distributions. Do students have to file taxes For more information, see Form 8930. Do students have to file taxes Repayment of Qualified Disaster Recovery Assistance Distributions This benefit applies to the counties in both Tables 1 and 2. Do students have to file taxes If you choose, you generally can repay any portion of a qualified disaster recovery assistance distribution that is eligible for tax-free rollover treatment to an eligible retirement plan. Do students have to file taxes Also, you can repay a qualified disaster recovery assistance distribution made on account of a hardship from a retirement plan. Do students have to file taxes However, see Exceptions later for qualified disaster recovery assistance distributions you cannot repay. Do students have to file taxes You have three years from the day after the date you received the distribution to make a repayment. Do students have to file taxes Amounts that are repaid are treated as a qualified rollover and are not included in income. Do students have to file taxes Also, a repayment of a qualified disaster recovery assistance distribution to an IRA is not counted when figuring the one-rollover-per-year limitation. Do students have to file taxes See Form 8930 for more information on how to report repayments. Do students have to file taxes Exceptions. Do students have to file taxes   You cannot repay the following types of distributions. Do students have to file taxes Qualified disaster recovery assistance distributions received as a beneficiary (other than a surviving spouse). Do students have to file taxes Required minimum distributions. Do students have to file taxes Periodic payments (other than from an IRA) that are for: A period of 10 years or more, Your life or life expectancy, or The joint lives or joint life expectancies of you and your beneficiary. Do students have to file taxes Repayment of Qualified Distributions for the Purchase or Construction of a Main Home This benefit applies to the counties in both Tables 1 and 2. Do students have to file taxes If you received a qualified distribution to purchase or construct a main home in a Midwestern disaster area, you can repay part or all of that distribution on or after the applicable disaster date, but no later than March 3, 2009, to an eligible retirement plan. Do students have to file taxes For this purpose, an eligible retirement plan is any plan, annuity, or IRA to which a qualified rollover can be made. Do students have to file taxes To be a qualified distribution, the distribution must meet all of the following requirements. Do students have to file taxes The distribution is a hardship distribution from a 401(k) plan, a hardship distribution from a tax-sheltered annuity contract, or a qualified first-time homebuyer distribution from an IRA. Do students have to file taxes The distribution was received after the date that was 6 months before the day after the applicable disaster date. Do students have to file taxes The distribution was to be used to purchase or construct a main home in a Midwestern disaster area that was not purchased or constructed because of the severe storms, tornadoes, or flooding. Do students have to file taxes Amounts that are repaid before March 4, 2009, are treated as a qualified rollover and are not included in income. Do students have to file taxes Also, a repayment of a qualified distribution to an IRA is not counted when figuring the one-rollover-per-year limitation. Do students have to file taxes A qualified distribution not repaid before March 4, 2009, may be taxable for 2007 or 2008 and subject to the additional 10% tax (or the additional 25% tax for certain SIMPLE IRAs) on early distributions. Do students have to file taxes You must file Form 8930 if you received a qualified distribution that you repaid, in whole or in part, before March 4, 2009. Do students have to file taxes Loans From Qualified Plans This benefit applies to the counties in both Tables 1 and 2. Do students have to file taxes The following benefits are available to qualified individuals. Do students have to file taxes Increases to the limits for distributions treated as loans from employer plans. Do students have to file taxes A 1-year suspension for payments due on plan loans. Do students have to file taxes Qualified individual. Do students have to file taxes   You are a qualified individual if your main home was located in a Midwestern disaster area on the applicable disaster date and you had an economic loss because of the severe storms, tornadoes, or flooding. Do students have to file taxes Examples of an economic loss include, but are not limited to: Loss, damage to, or destruction of real or personal property from fire, flooding, looting, vandalism, theft, wind, or other cause; Loss related to displacement from your home; or Loss of livelihood due to temporary or permanent layoffs. Do students have to file taxes Limits on plan loans. Do students have to file taxes   The $50,000 limit for distributions treated as plan loans is increased to $100,000. Do students have to file taxes In addition, the limit based on 50% of your vested accrued benefit is increased to 100% of that benefit. Do students have to file taxes If your main home was located in a Midwestern disaster area, the higher limits apply only to loans received during the period beginning on October 3, 2008, and ending on December 31, 2009. Do students have to file taxes One-year suspension of loan payments. Do students have to file taxes   Payments on plan loans outstanding on or after the applicable disaster date, may be suspended for 1 year by the plan administrator. Do students have to file taxes To qualify for the suspension, the due date for any loan payment must occur during the period beginning on the applicable disaster date and ending on December 31, 2009. Do students have to file taxes Additional Tax Relief for Individuals Earned Income Credit and Child Tax Credit This benefit applies to the counties in both Tables 1 and 2. Do students have to file taxes You can elect to use your 2007 earned income to figure your earned income credit (EIC) and additional child tax credit for 2008 if: Your 2008 earned income is less than your 2007 earned income, and At least one of the following statements is true. Do students have to file taxes Your main home on the applicable disaster date was in a Midwestern disaster area as shown in Table 1. Do students have to file taxes Your main home on the applicable disaster date was in a Midwestern disaster area as shown in Table 2, and you were displaced from that home because of the severe storms, tornadoes, or flooding. Do students have to file taxes Earned income. Do students have to file taxes    For the purpose of this election, your earned income for both the EIC and the additional child tax credit is the amount of earned income used to figure your EIC, even if you did not take the EIC and even if that amount is different than your earned income for the additional child tax credit. Do students have to file taxes If you are claiming only the additional child tax credit, you must figure the amount of your earned income for EIC purposes to determine your eligibility to make the election and the amount of the credit. Do students have to file taxes Joint returns. Do students have to file taxes   If you file a joint return, you qualify to make this election even if only one spouse meets the requirements. Do students have to file taxes If you make the election, your 2007 earned income is the sum of your 2007 earned income and your spouse's 2007 earned income. Do students have to file taxes Making the election. Do students have to file taxes   If you make the election to use your 2007 earned income, the election applies for figuring both the EIC and the additional child tax credit. Do students have to file taxes However, you can make the election for the additional child tax credit even if you do not take the EIC. Do students have to file taxes   Electing to use your 2007 earned income can increase or decrease your EIC. Do students have to file taxes Take the following steps to decide whether to make the election. Do students have to file taxes Figure your 2008 EIC using your 2007 earned income. Do students have to file taxes Figure your 2008 additional child tax credit using your 2007 earned income for EIC purposes. Do students have to file taxes Add the results of (1) and (2). Do students have to file taxes Figure your 2008 EIC using your 2008 earned income. Do students have to file taxes Figure your 2008 additional child tax credit using your 2008 earned income for additional child tax credit purposes. Do students have to file taxes Add the results of (4) and (5). Do students have to file taxes Compare the results of (3) and (6). Do students have to file taxes If (3) is larger than (6), it is to your benefit to make the election. Do students have to file taxes If (3) is equal to or smaller than (6), making the election will not help you. Do students have to file taxes   If you elect to use your 2007 earned income and you are claiming the EIC, enter “PYEI” and the amount of your 2007 earned income on the dotted line next to line 64a of Form 1040, on the line next to line 40a of Form 1040A, or in the space to the left of line 8a of Form 1040EZ. Do students have to file taxes   If you elect to use your 2007 earned income and you are claiming the additional child tax credit, enter your 2007 earned income for EIC purposes (even if you did not claim the EIC) on Form 8812, Additional Child Tax Credit, line 4a, and check the box on that line. Do students have to file taxes Getting your 2007 tax return information. Do students have to file taxes   If you do not have your 2007 tax records, you can get the amount of earned income used to figure your 2007 EIC by calling 1-866-562-5227. Do students have to file taxes You can also get this information by visiting the IRS website at www. Do students have to file taxes irs. Do students have to file taxes gov. Do students have to file taxes   If you prefer to figure your 2007 earned income yourself, copies or transcripts of your filed and processed tax returns can help you reconstruct your tax records. Do students have to file taxes See Request for Copy or Transcript of Tax Return on page 11. Do students have to file taxes Additional Exemption for Housing Individuals Displaced by the Severe Storms, Tornadoes, or Flooding This benefit applies to the counties in both Tables 1 and 2. Do students have to file taxes You can claim an additional exemption amount of $500 for providing housing in your main home for each individual displaced by the severe storms, tornadoes, or flooding. Do students have to file taxes The additional exemption amount is claimed on Form 8914. Do students have to file taxes You can claim an additional exemption amount only one time for a specific individual. Do students have to file taxes If you claimed an additional exemption amount for an individual in 2008, you cannot claim that amount again for the same individual in 2009. Do students have to file taxes The maximum additional exemption amount you can claim for all displaced individuals is $2,000. Do students have to file taxes Any additional exemption amount you claimed for displaced individuals in 2008 will reduce the $2,000 maximum for 2009. Do students have to file taxes The $2,000 limit applies to a husband and wife, whether the husband and wife file joint returns or separate returns. Do students have to file taxes If married filing separately, the $2,000 can be divided in $500 increments between the spouses. Do students have to file taxes For example, if one spouse claims an additional exemption amount for one displaced individual, the other spouse, if otherwise eligible, can claim additional exemption amounts for three different displaced individuals. Do students have to file taxes If two or more taxpayers share the same main home, only one taxpayer in that main home can claim the additional exemption amount for a specific displaced individual. Do students have to file taxes In order for you to be considered to have provided housing, you must have a legal interest in the main home (that is, own or rent the home). Do students have to file taxes To qualify as a displaced individual, the individual: Must have had his or her main home in a Midwestern disaster area on the applicable disaster date, and he or she must have been displaced from that home. Do students have to file taxes If the individual's main home was located in a Midwestern disaster area as shown in Table 2, that home must have been damaged by the severe storms, tornadoes, or flooding or the individual must have been evacuated from that home because of the severe storms, tornadoes, or flooding, Must have been provided housing in your main home for a period of at least 60 consecutive days ending in the tax year in which the exemption is claimed, and Cannot be your spouse or dependent. Do students have to file taxes You cannot claim the additional exemption amount if you received rent (or any other amount) from any source for providing the housing. Do students have to file taxes You are permitted to receive payments or reimbursements that do not relate to normal housing costs, including the following. Do students have to file taxes Food, clothing, or personal items consumed or used by the displaced individual. Do students have to file taxes Reimbursement for the cost of any long distance telephone calls made by the displaced individual. Do students have to file taxes Reimbursement for the cost of gasoline for the displaced individual's use of your vehicle. Do students have to file taxes However, you cannot claim the additional exemption amount if you received any reimbursement for the extra costs of heat, electricity, or water used by the displaced individual. Do students have to file taxes Also, you must report on Form 8914 the displaced individual's social security number or individual taxpayer identification number to claim an additional exemption amount. Do students have to file taxes For more information, see Form 8914. Do students have to file taxes Education Credits This benefit applies only to the counties in Table 1. Do students have to file taxes The education credits have been expanded for students attending an eligible educational institution located in a Midwestern disaster area (Midwestern disaster area students) for any tax year beginning in 2008 or 2009. Do students have to file taxes The Hope credit for a Midwestern disaster area student is increased to 100% of the first $2,400 in qualified education expenses and 50% of the next $2,400 of qualified education expenses for a maximum credit of $3,600 per student. Do students have to file taxes The lifetime learning credit rate for a Midwestern disaster area student is increased from 20% to 40%. Do students have to file taxes The definition of qualified education expenses for a Midwestern disaster area student also has been expanded. Do students have to file taxes This expanded definition also applies to the tuition and fees deduction claimed on Form 8917. Do students have to file taxes In addition to tuition and fees required for the student's enrollment or attendance at an eligible educational institution, qualified education expenses for a Midwestern disaster area student include the following. Do students have to file taxes Books, supplies, and equipment required for enrollment or attendance at an eligible educational institution. Do students have to file taxes For a special needs student, expenses that are necessary for that person's enrollment or attendance at an eligible educational institution. Do students have to file taxes For a student who is at least a half-time student, the reasonable costs of room and board, but only to the extent that the costs are not more than the greater of the following two amounts. Do students have to file taxes The allowance for room and board, as determined by the eligible educational institution, that was included in the cost of attendance (for federal financial aid purposes) for a particular academic period and living arrangement of the student. Do students have to file taxes The actual amount charged if the student is residing in housing owned or operated by the eligible educational institution. Do students have to file taxes You will need to contact the eligible educational institution for qualified room and board costs. Do students have to file taxes For more information, see Form 8863. Do students have to file taxes See Form 8917 for the tuition and fees deduction. Do students have to file taxes Recapture of Federal Mortgage Subsidy This benefit applies only to the counties in Table 1. Do students have to file taxes Generally, if you financed your home under a federally subsidized program (loans from tax-exempt qualified mortgage bonds or loans with mortgage credit certificates), you may have to recapture all or part of the benefit you received from that program when you sell or otherwise dispose of your home. Do students have to file taxes However, you do not have to recapture any benefit if your mortgage loan was a qualified home improvement loan of not more than $15,000. Do students have to file taxes This amount is increased to $150,000 if the loan was provided before 2011 and was used to alter, repair, or improve an existing owner-occupied residence in a Midwestern disaster area as shown in Table 1. Do students have to file taxes Exclusion of Certain Cancellations of Indebtedness by Reason of the Severe Storms, Tornadoes, or Flooding This benefit applies to the counties in both Tables 1 and 2. Do students have to file taxes Generally, discharges of nonbusiness debts (such as mortgages) made on or after the applicable disaster date and before January 1, 2010, are excluded from income for individuals whose main home was in a Midwestern disaster area on the applicable disaster date. Do students have to file taxes If the individual's main home was located in a Midwestern disaster area as shown in Table 2, the individual also must have had an economic loss because of the severe storms, tornadoes, or flooding. Do students have to file taxes Examples of an economic loss include, but are not limited to: Loss, damage to, or destruction of real or personal property from fire, flooding, looting, vandalism, theft, wind, or other cause; Loss related to displacement from your home; or Loss of livelihood due to temporary or permanent layoffs. Do students have to file taxes This relief does not apply to any debt secured by real property located outside a Midwestern disaster area. Do students have to file taxes You may also have to reduce certain tax attributes by the amount excluded. Do students have to file taxes For more information, see Form 982, Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis Adjustment). Do students have to file taxes Tax Relief for Temporary Relocation This benefit applies only to the counties in Table 1. Do students have to file taxes The IRS can adjust the internal revenue laws to ensure that taxpayers do not lose a deduction or credit or experience a change of filing status in 2008 or 2009 as a result of a temporary relocation caused by the severe storms, tornadoes, or flooding. Do students have to file taxes However, any such adjustment must ensure that an individual is not taken into account by more than one taxpayer for the same tax benefit. Do students have to file taxes The IRS has exercised this authority as follows. Do students have to file taxes In determining whether you furnished over one-half of the cost of maintaining a household, you can exclude from total household costs any assistance received from the government or charitable organizations because you were temporarily relocated as a result of the severe storms, tornadoes, or flooding. Do students have to file taxes In determining whether you provided more than one-half of an individual's support, you can disregard any assistance received from the government or charitable organizations because you were temporarily relocated as a result of the severe storms, tornadoes, or flooding. Do students have to file taxes You can treat as a student an individual who enrolled in school before the applicable disaster date, and who is unable to attend classes because of the severe storms, tornadoes, or flooding, for each month of the enrollment period that individual is prevented by the severe storms, tornadoes, or flooding from attending school as planned. Do students have to file taxes Additional Tax Relief for Businesses Employee Retention Credit This benefit applies only to the counties in Table 1. Do students have to file taxes An eligible employer who conducted an active trade or business in a Midwestern disaster area can claim the employee retention credit. Do students have to file taxes The credit is 40% of qualified wages for each eligible employee (up to a maximum of $6,000 in qualified wages per employee). Do students have to file taxes Generally, you must reduce your deduction for salaries and wages by the amount of this credit (before the tax liability limit). Do students have to file taxes Use Form 5884-A to claim the credit. Do students have to file taxes Employers affected by the severe storms, tornadoes, or flooding. Do students have to file taxes   The following definitions apply to employers affected by the severe storms, tornadoes, or flooding. Do students have to file taxes Eligible employer. Do students have to file taxes   For this purpose, an eligible employer is any employer who meets all of the following. Do students have to file taxes Employed an average of not more than 200 employees on business days during the tax year before the applicable disaster date. Do students have to file taxes Conducted an active trade or business on the applicable disaster date in a Midwestern disaster area. Do students have to file taxes Whose trade or business was inoperable on any day after the applicable disaster date and before January 1, 2009, because of the damage caused by the severe storms, tornadoes, or flooding. Do students have to file taxes Eligible employee. Do students have to file taxes   For this purpose, an eligible employee is an employee whose principal place of employment on the applicable disaster date with such eligible employer was in a Midwestern disaster area. Do students have to file taxes An employee is not an eligible employee for purposes of the severe storms, tornadoes, or flooding if the employee is treated as an eligible employee for the work opportunity credit. Do students have to file taxes Qualified wages. Do students have to file taxes   Qualified wages are wages (up to $6,000 per employee) you paid or incurred before January 1, 2009, for an eligible employee beginning on the date your trade or business first became inoperable at the employee's principal place of employment immediately before the applicable disaster, and ending on the date your trade or business resumed significant operations at that place. Do students have to file taxes In addition, the wages must have been paid or incurred after the applicable disaster date. Do students have to file taxes    This includes wages paid even if the employee performed no services, performed services at a place of employment other than the principal place of employment, or performed services at the principal place of employment before significant operations resumed. Do students have to file taxes    Wages qualifying for the credit generally have the same meaning as wages subject to the Federal Unemployment Tax Act (FUTA). Do students have to file taxes Qualified wages also include amounts you paid for medical or hospitalization expenses in connection with sickness or accident disability. Do students have to file taxes Qualified wages for any employee must be reduced by the amount of any work supplementation payment you received under the Social Security Act. Do students have to file taxes   For agricultural employees, if the work performed by any employee during more than half of any pay period qualified under FUTA as agricultural labor, that employee's wages subject to social security and Medicare taxes are qualified wages. Do students have to file taxes For a special rule that applies to railroad employees, see section 51(h)(1)(B). Do students have to file taxes   Qualified wages do not include the following. Do students have to file taxes Wages paid to your dependent or a related individual. Do students have to file taxes See section 51(i)(1). Do students have to file taxes Wages paid to any employee during the period for which you received payment for the employee from a federally funded on-the-job training program. Do students have to file taxes Wages for services of replacement workers during a strike or lockout. Do students have to file taxes   For more information, see Form 5884-A. Do students have to file taxes Employer Housing Credit and Exclusion This benefit applies only to the counties in Table 1. Do students have to file taxes An employer who conducted an active trade or business in a Midwestern disaster area can claim the employer housing credit. Do students have to file taxes The credit is equal to 30% of the value (up to $600 per month per employee) of in-kind lodging furnished to a qualified employee (and the employee's spouse or dependents) from November 1, 2008, through May 1, 2009. Do students have to file taxes The value of the lodging is excluded from the income of the qualified employee but is treated as wages for purposes of taxes imposed under the Federal Insurance Contributions Act (FICA) and the Federal Unemployment Tax Act (FUTA). Do students have to file taxes Generally, you must reduce your deduction for salaries and wages by the amount of this credit (before the tax liability limit). Do students have to file taxes The employer must use Form 5884-A to claim the credit. Do students have to file taxes A qualified employee is an individual who had a main home in a Midwestern disaster area on the applicable disaster date, and who performs substantially all employment services in a Midwestern disaster area for the employer furnishing the lodging. Do students have to file taxes The employee cannot be your dependent or a related individual. Do students have to file taxes See section 51(i)(1). Do students have to file taxes For more information, see Form 5884-A. Do students have to file taxes Demolition and Clean-up Costs This benefit applies only to the counties in Table 1. Do students have to file taxes You can elect to deduct 50% of any qualified disaster recovery assistance clean-up costs for the tax year in which the costs are paid or incurred, instead of capitalizing them. Do students have to file taxes Qualified disaster recovery assistance clean-up costs are any amounts paid or incurred on or after the applicable disaster date, and before January 1, 2011, for the removal of debris from, or the demolition of structures on, real property located in a Midwestern disaster area that is: Held by you for use in a trade or business or for the production of income, or Inventory or other property held primarily for sale to customers in the ordinary course of your trade or business. Do students have to file taxes Qualified disaster recovery assistance clean-up costs are limited to amounts necessary due to damage attributable to the severe storms, tornadoes, or flooding in the Midwestern disaster areas. Do students have to file taxes Increase in Rehabilitation Tax Credit This benefit applies only to the counties in Table 1. Do students have to file taxes The rehabilitation credit is increased for qualified rehabilitation expenditures paid or incurred on or after the applicable disaster date, and before January 1, 2012, on buildings located in a Midwestern disaster area as follows. Do students have to file taxes For pre-1936 buildings (other than certified historic structures), the credit percentage is increased from 10% to 13%. Do students have to file taxes For certified historic structures, the credit percentage is increased from 20% to 26%. Do students have to file taxes For more information, see Form 3468, Investment Credit. Do students have to file taxes Request for Copy or Transcript of Tax Return Request for copy of tax return. Do students have to file taxes   You can use Form 4506 to order a copy of your tax return. Do students have to file taxes Generally, there is a $57 fee for requesting each copy of a tax return. Do students have to file taxes If your main home, principal place of business, or tax records are located in a Midwestern disaster area, the fee will be waived if “Midwestern Disaster Area” is written in red across the top of the form when filed. Do students have to file taxes Request for transcript of tax return. Do students have to file taxes   You can use Form 4506-T to order a free transcript of your tax return. Do students have to file taxes A transcript provides most of the line entries from a tax return and usually contains the information that a third party requires. Do students have to file taxes You can also call 1-800-829-1040 to order a transcript. Do students have to file taxes How To Get Tax Help Special IRS assistance. Do students have to file taxes   The IRS is providing special help for those affected by the severe storms, tornadoes, or flooding, as well as survivors and personal representatives of the victims. Do students have to file taxes We have set up a special toll-free number for people who may have trouble filing or paying their taxes because they were affected by recent federally declared disasters, or who have other tax issues related to the severe storms, tornadoes, or flooding. Do students have to file taxes Call 1-866-562-5227 Monday through FridayIn English–7 a. Do students have to file taxes m. Do students have to file taxes to 10 p. Do students have to file taxes m. Do students have to file taxes local timeIn Spanish–8 a. Do students have to file taxes m. Do students have to file taxes to 9:30 p. Do students have to file taxes m. Do students have to file taxes local time   The IRS website at www. Do students have to file taxes irs. Do students have to file taxes gov has notices and other tax relief information. Do students have to file taxes Check it periodically for any new guidance. Do students have to file taxes You can get help with unresolved tax issues, order free publications and forms, ask tax questions, and get information from the IRS in several ways. Do students have to file taxes By selecting the method that is best for you, you will have quick and easy access to tax help. Do students have to file taxes Contacting your Taxpayer Advocate. Do students have to file taxes   The Taxpayer Advocate Service (TAS) is an independent organization within the IRS whose employees assist taxpayers who are experiencing economic harm, who are seeking help in resolving tax problems that have not been resolved through normal channels, or who believe that an IRS system or procedure is not working as it should. Do students have to file taxes Here are seven things every taxpayer should know about TAS: TAS is your voice at the IRS. Do students have to file taxes Our service is free, confidential, and tailored to meet your needs. Do students have to file taxes You may be eligible for TAS help if you have tried to resolve your tax problem through normal IRS channels and have gotten nowhere, or you believe an IRS procedure just isn't working as it should. Do students have to file taxes TAS helps taxpayers whose problems are causing financial difficulty or significant cost, including the cost of professional representation. Do students have to file taxes This includes businesses as well as individuals. Do students have to file taxes TAS employees know the IRS and how to navigate it. Do students have to file taxes We will listen to your problem, help you understand what needs to be done to resolve it, and stay with you every step of the way until your problem is resolved. Do students have to file taxes TAS has at least one local taxpayer advocate in every state, the District of Columbia, and Puerto Rico. Do students have to file taxes You can call your local advocate, whose number is in your phone book, in Pub. Do students have to file taxes 1546, Taxpayer Advocate Service—Your Voice at the IRS, and on our website at www. Do students have to file taxes irs. Do students have to file taxes gov/advocate. Do students have to file taxes You can also call our toll-free line at 1-877-777-4778 or TTY/TDD 1-800-829-4059. Do students have to file taxes You can learn about your rights and responsibilities as a taxpayer by visiting our online tax toolkit at www. Do students have to file taxes taxtoolkit. Do students have to file taxes irs. Do students have to file taxes gov. Do students have to file taxes Low Income Taxpayer Clinics (LITCs). Do students have to file taxes   The Low Income Taxpayer Clinic program serves individuals who have a problem with the IRS and whose income is below a certain level. Do students have to file taxes LITCs are independent from the IRS. Do students have to file taxes Most LITCs can provide representation before the IRS or in court on audits, tax collection disputes, and other issues for free or a small fee. Do students have to file taxes If an individual's native language is not English, some clinics can provide multilingual information about taxpayer rights and responsibilities. Do students have to file taxes For more information, see Publication 4134, Low Income Taxpayer Clinic List. Do students have to file taxes This publication is available at www. Do students have to file taxes irs. Do students have to file taxes gov, by calling 1-800-TAX-FORM (1-800-829-3676), or at your local IRS office. Do students have to file taxes Free tax services. Do students have to file taxes   To find out what services are available, get Publication 910, IRS Guide to Free Tax Services. Do students have to file taxes It contains lists of free tax information sources, including publications, services, and free tax education and assistance programs. Do students have to file taxes It also has an index of over 100 TeleTax topics (recorded tax information) you can listen to on your telephone. Do students have to file taxes   Accessible versions of IRS published products are available on request in a variety of alternative formats for people with disabilities. Do students have to file taxes Free help with your return. Do students have to file taxes   Free help in preparing your return is available nationwide from IRS-trained volunteers. Do students have to file taxes The Volunteer Income Tax Assistance (VITA) program is designed to help low-income taxpayers and the Tax Counseling for the Elderly (TCE) program is designed to assist taxpayers age 60 and older with their tax returns. Do students have to file taxes Many VITA sites offer free electronic filing and all volunteers will let you know about credits and deductions you may be entitled to claim. Do students have to file taxes To find the nearest VITA or TCE site, call 1-800-829-1040. Do students have to file taxes   As part of the TCE program, AARP offers the Tax-Aide counseling program. Do students have to file taxes To find the nearest AARP Tax-Aide site, call 1-888-227-7669 or visit AARP's website atwww. Do students have to file taxes aarp. Do students have to file taxes org/money/taxaide. Do students have to file taxes   For more information on these programs, go to www. Do students have to file taxes irs. Do students have to file taxes gov and enter keyword “VITA” in the upper right-hand corner. Do students have to file taxes Internet. Do students have to file taxes You can access the IRS website at www. Do students have to file taxes irs. Do students have to file taxes gov 24 hours a day, 7 days a week to: E-file your return. Do students have to file taxes Find out about commercial tax preparation and e-file services available free to eligible taxpayers. Do students have to file taxes Check the status of your 2009 refund. Do students have to file taxes Go to www. Do students have to file taxes irs. Do students have to file taxes gov and click on Where's My Refund. Do students have to file taxes Wait at least 72 hours after the IRS acknowledges receipt of your e-filed return, or 3 to 4 weeks after mailing a paper return. Do students have to file taxes If you filed Form 8379 with your return, wait 14 weeks (11 weeks if you filed electronically). Do students have to file taxes Have your 2009 tax return available so you can provide your social security number, your filing status, and the exact whole dollar amount of your refund. Do students have to file taxes Download forms, instructions, and publications. Do students have to file taxes Order IRS products online. Do students have to file taxes Research your tax questions online. Do students have to file taxes Search publications online by topic or keyword. Do students have to file taxes Use the online Internal Revenue Code, Regulations, or other official guidance. Do students have to file taxes View Internal Revenue Bulletins (IRBs) published in the last few years. Do students have to file taxes Figure your withholding allowances using the withholding calculator online at www. Do students have to file taxes irs. Do students have to file taxes gov/individuals. Do students have to file taxes Determine if Form 6251 must be filed by using our Alternative Minimum Tax (AMT) Assistant. Do students have to file taxes Sign up to receive local and national tax news by email. Do students have to file taxes Get information on starting and operating a small business. Do students have to file taxes Phone. Do students have to file taxes Many services are available by phone. Do students have to file taxes Ordering forms, instructions, and publications. Do students have to file taxes Call 1-800-TAX FORM (1-800-829-3676) to order current-year forms, instructions, and publications, and prior-year forms and instructions. Do students have to file taxes You should receive your order within 10 days. Do students have to file taxes Asking tax questions. Do students have to file taxes Call the IRS with your tax questions at 1-800-829-1040. Do students have to file taxes Solving problems. Do students have to file taxes You can get face-to-face help solving tax problems every business day in IRS Taxpayer Assistance Centers. Do students have to file taxes An employee can explain IRS letters, request adjustments to your account, or help you set up a payment plan. Do students have to file taxes Call your local Taxpayer Assistance Center for an appointment. Do students have to file taxes To find the number, go to www. Do students have to file taxes irs. Do students have to file taxes gov/localcontacts or look in the phone book under United States Government, Internal Revenue Service. Do students have to file taxes TTY/TDD equipment. Do students have to file taxes If you have access to TTY/TDD equipment, call 1-800-829-4059 to ask tax questions or to order forms and publications. Do students have to file taxes TeleTax topics. Do students have to file taxes Call 1-800-829-4477 to listen to pre-recorded messages covering various tax topics. Do students have to file taxes Refund information. Do students have to file taxes To check the status of your 2009 refund, call 1-800-829-1954 during business hours or 1-800-829-4477 (automated refund information 24 hours a day, 7 days a week). Do students have to file taxes Wait at least 72 hours after the IRS acknowledges receipt of your e-filed return, or 3 to 4 weeks after mailing a paper return. Do students have to file taxes If you filed Form 8379 with your return, wait 14 weeks (11 weeks if you filed electronically). Do students have to file taxes Have your 2009 tax return available so you can provide your social security number, your filing status, and the exact whole dollar amount of your refund. Do students have to file taxes Refunds are sent out weekly on Fridays. Do students have to file taxes If you check the status of your refund and are not given the date it will be issued, please wait until the next week before checking back. Do students have to file taxes Other refund information. Do students have to file taxes To check the status of a prior year refund or amended return refund, call 1-800-829-1954. Do students have to file taxes Evaluating the quality of our telephone services. Do students have to file taxes To ensure IRS representatives give accurate, courteous, and professional answers, we use several methods to evaluate the quality of our telephone services. Do students have to file taxes One method is for a second IRS representative to listen in on or record random telephone calls. Do students have to file taxes Another is to ask some callers to complete a short survey at the end of the call. Do students have to file taxes Walk-in. Do students have to file taxes Many products and services are available on a walk-in basis. Do students have to file taxes Products. Do students have to file taxes You can walk in to many post offices, libraries, and IRS offices to pick up certain forms, instructions, and publications. Do students have to file taxes Some IRS offices, libraries, grocery stores, copy centers, city and county government offices, credit unions, and office supply stores have a collection of products available to print from a CD or photocopy from reproducible proofs. Do students have to file taxes Also, some IRS offices and libraries have the Internal Revenue Code, regulations, Internal Revenue Bulletins, and Cumulative Bulletins available for research purposes. Do students have to file taxes Services. Do students have to file taxes You can walk in to your local Taxpayer Assistance Center every business day for personal, face-to-face tax help. Do students have to file taxes An employee can explain IRS letters, request adjustments to your tax account, or help you set up a payment plan. Do students have to file taxes If you need to resolve a tax problem, have questions about how the tax law applies to your individual tax return, or you are more comfortable talking with someone in person, visit your local Taxpayer Assistance Center where you can spread out your records and talk with an IRS representative face-to-face. Do students have to file taxes No appointment is necessary—just walk in. Do students have to file taxes If you prefer, you can call your local Center and leave a message requesting an appointment to resolve a tax account issue. Do students have to file taxes A representative will call you back within 2 business days to schedule an in-person appointment at your convenience. Do students have to file taxes If you have an ongoing, complex tax account problem or a special need, such as a disability, an appointment can be requested. Do students have to file taxes All other issues will be handled without an appointment. Do students have to file taxes To find the number of your local office, go to www. Do students have to file taxes irs. Do students have to file taxes gov/localcontacts or look in the phone book under United States Government, Internal Revenue Service. Do students have to file taxes Mail. Do students have to file taxes You can send your order for forms, instructions, and publications to the address below. Do students have to file taxes You should receive a response within 10 days after your request is received. Do students have to file taxes Internal Revenue Service1201 N. Do students have to file taxes Mitsubishi MotorwayBloomington, IL 61705-6613 DVD for tax products. Do students have to file taxes You can order Publication 1796, IRS Tax Products DVD, and obtain: Current-year forms, instructions, and publications. Do students have to file taxes Prior-year forms, instructions, and publications. Do students have to file taxes Tax Map: an electronic research tool and finding aid. Do students have to file taxes Tax law frequently asked questions. Do students have to file taxes Tax Topics from the IRS telephone response system. Do students have to file taxes Internal Revenue Code—Title 26 of the U. Do students have to file taxes S. Do students have to file taxes Code. Do students have to file taxes Fill-in, print, and save features for most tax forms. Do students have to file taxes Internal Revenue Bulletins. Do students have to file taxes Toll-free and email technical support. Do students have to file taxes Two releases during the year. Do students have to file taxes – The first release will ship the beginning of January 2010. Do students have to file taxes – The final release will ship the beginning of March 2010. Do students have to file taxes Purchase the DVD from National Technical Information Service (NTIS) at www. Do students have to file taxes irs. Do students have to file taxes gov/cdorders for $30 (no handling fee) or call 1-877-233-6767 toll free to buy the DVD for $30 (plus a $6 handling fee). Do students have to file taxes Prev  Up  Next   Home   More Online Publications
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What is My Filing Status?

Your filing status is used to determine your filing requirements, standard deduction, eligibility for certain credits, and your correct tax. If more than one filing status applies to you, this interview will choose the one that will result in the lowest amount of tax.

Information You Will Need:

  • Marital status and spouse's year of death (if applicable)
  • The percentage of the costs that your household members paid towards keeping up a home

Estimated Completion Time: 5 minutes. However: 5 minutes of inactivity will end the interview and you will be forced to start over.

Begin

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The Do Students Have To File Taxes

Do students have to file taxes 10. Do students have to file taxes   Self-Employment (SE) Tax Table of Contents Who Must Pay SE Tax?Special Rules and Exceptions Figuring Earnings Subject to SE Tax Farm Optional Method Using Both Optional Methods Reporting Self-Employment Tax The SE tax rules apply no matter how old you are and even if you are already receiving social security and Medicare benefits. Do students have to file taxes Who Must Pay SE Tax? Generally, you must pay SE tax and file Schedule SE (Form 1040) if your net earnings from self-employment were $400 or more. Do students have to file taxes Use Schedule SE to figure net earnings from self-employment. Do students have to file taxes Sole proprietor or independent contractor. Do students have to file taxes   If you are self-employed as a sole proprietor or independent contractor, you generally use Schedule C or C-EZ (Form 1040) to figure your earnings subject to SE tax. Do students have to file taxes SE tax rate. Do students have to file taxes    For 2013, the SE tax rate on net earnings is 15. Do students have to file taxes 3% (12. Do students have to file taxes 4% social security tax plus 2. Do students have to file taxes 9% Medicare tax). Do students have to file taxes Maximum earnings subject to self-employment tax. Do students have to file taxes    Only the first $113,700 of your combined wages, tips, and net earnings in 2013 is subject to any combination of the 12. Do students have to file taxes 4% social security part of SE tax, social security tax, or railroad retirement (tier 1) tax. Do students have to file taxes   All of your combined wages, tips, and net earnings in 2013 are subject to any combination of the 2. Do students have to file taxes 9% Medicare part of SE tax, social security tax, or railroad retirement (tier 1) tax. Do students have to file taxes   If your wages and tips are subject to either social security or railroad retirement (tier 1) tax, or both, and total at least $113,700, do not pay the 12. Do students have to file taxes 4% social security part of the SE tax on any of your net earnings. Do students have to file taxes However, you must pay the 2. Do students have to file taxes 9% Medicare part of the SE tax on all your net earnings. Do students have to file taxes Special Rules and Exceptions Aliens. Do students have to file taxes   Generally, resident aliens must pay self-employment tax under the same rules that apply to U. Do students have to file taxes S. Do students have to file taxes citizens. Do students have to file taxes Nonresident aliens are not subject to SE tax unless an international social security agreement in effect determines that they are covered under the U. Do students have to file taxes S. Do students have to file taxes social security system. Do students have to file taxes However, residents of the Virgin Islands, Puerto Rico, Guam, the Commonwealth of the Northern Mariana Islands, or American Samoa are subject to self-employment tax, as they are considered U. Do students have to file taxes S. Do students have to file taxes residents for self-employment tax purposes. Do students have to file taxes For more information on aliens, see Publication 519, U. Do students have to file taxes S. Do students have to file taxes Tax Guide for Aliens. Do students have to file taxes Child employed by parent. Do students have to file taxes   You are not subject to SE tax if you are under age 18 and you are working for your father or mother. Do students have to file taxes Church employee. Do students have to file taxes    If you work for a church or a qualified church-controlled organization (other than as a minister or member of a religious order) that elected an exemption from social security and Medicare taxes, you are subject to SE tax if you receive $108. Do students have to file taxes 28 or more in wages from the church or organization. Do students have to file taxes For more information, see Publication 517, Social Security and Other Information for Members of the Clergy and Religious Workers. Do students have to file taxes Fishing crew member. Do students have to file taxes   If you are a member of the crew on a boat that catches fish or other water life, your earnings are subject to SE tax if all the following conditions apply. Do students have to file taxes You do not get any pay for the work except your share of the catch or a share of the proceeds from the sale of the catch, unless the pay meets all the following conditions. Do students have to file taxes The pay is not more than $100 per trip. Do students have to file taxes The pay is received only if there is a minimum catch. Do students have to file taxes The pay is solely for additional duties (such as mate, engineer, or cook) for which additional cash pay is traditional in the fishing industry. Do students have to file taxes You get a share of the catch or a share of the proceeds from the sale of the catch. Do students have to file taxes Your share depends on the amount of the catch. Do students have to file taxes The boat's operating crew normally numbers fewer than 10 individuals. Do students have to file taxes (An operating crew is considered as normally made up of fewer than 10 if the average size of the crew on trips made during the last four calendar quarters is fewer than 10. Do students have to file taxes ) Notary public. Do students have to file taxes   Fees you receive for services you perform as a notary public are reported on Schedule C or C-EZ but are not subject to self-employment tax (see the Instructions for Schedule SE (Form 1040)). Do students have to file taxes State or local government employee. Do students have to file taxes   You are subject to SE tax if you are an employee of a state or local government, are paid solely on a fee basis, and your services are not covered under a federal-state social security agreement. Do students have to file taxes Foreign government or international organization employee. Do students have to file taxes   You are subject to SE tax if both the following conditions are true. Do students have to file taxes You are a U. Do students have to file taxes S. Do students have to file taxes citizen employed in the United States, Puerto Rico, Guam, American Samoa, the Commonwealth of the Northern Mariana Islands, or the Virgin Islands by: A foreign government, A wholly-owned agency of a foreign government, or An international organization. Do students have to file taxes Your employer is not required to withhold social security and Medicare taxes from your wages. Do students have to file taxes U. Do students have to file taxes S. Do students have to file taxes citizen or resident alien residing abroad. Do students have to file taxes    If you are a self-employed U. Do students have to file taxes S. Do students have to file taxes citizen or resident alien living outside the United States, in most cases you must pay SE tax. Do students have to file taxes Do not reduce your foreign earnings from self-employment by your foreign earned income exclusion. Do students have to file taxes Exception. Do students have to file taxes    The United States has social security agreements with many countries to eliminate double taxation under two social security systems. Do students have to file taxes Under these agreements, you generally must only pay social security and Medicare taxes to the country in which you live. Do students have to file taxes The country to which you must pay the tax will issue a certificate which serves as proof of exemption from social security tax in the other country. Do students have to file taxes   For more information, see the Instructions for Schedule SE (Form 1040). Do students have to file taxes More Than One Business If you have earnings subject to SE tax from more than one trade, business, or profession, you must combine the net profit (or loss) from each to determine your total earnings subject to SE tax. Do students have to file taxes A loss from one business reduces your profit from another business. Do students have to file taxes Community Property Income If any of the income from a trade or business, other than a partnership, is community property income under state law, it is included in the earnings subject to SE tax of the spouse carrying on the trade or business. Do students have to file taxes Gain or Loss Do not include in earnings subject to SE tax a gain or loss from the disposition of property that is neither stock in trade nor held primarily for sale to customers. Do students have to file taxes It does not matter whether the disposition is a sale, exchange, or an involuntary conversion. Do students have to file taxes Lost Income Payments If you are self-employed and reduce or stop your business activities, any payment you receive from insurance or other sources for the lost business income is included in earnings subject to SE tax. Do students have to file taxes If you are not working when you receive the payment, it still relates to your business and is included in earnings subject to SE tax, even though your business is temporarily inactive. Do students have to file taxes Figuring Earnings Subject to SE Tax Methods for Figuring Net Earnings There are three ways to figure your net earnings from self-employment. Do students have to file taxes The regular method. Do students have to file taxes The nonfarm optional method. Do students have to file taxes The farm optional method. Do students have to file taxes You must use the regular method unless you are eligible to use one or both of the optional methods. Do students have to file taxes Why use an optional method?    You may want to use the optional methods (discussed later) when you have a loss or a small net profit and any one of the following applies. Do students have to file taxes You want to receive credit for social security benefit coverage. Do students have to file taxes You incurred child or dependent care expenses for which you could claim a credit. Do students have to file taxes (An optional method may increase your earned income, which could increase your credit. Do students have to file taxes ) You are entitled to the earned income credit. Do students have to file taxes (An optional method may increase your earned income, which could increase your credit. Do students have to file taxes ) You are entitled to the additional child tax credit. Do students have to file taxes (An optional method may increase your earned income, which could increase your credit. Do students have to file taxes ) Effects of using an optional method. Do students have to file taxes   Using an optional method could increase your SE tax. Do students have to file taxes Paying more SE tax could result in your getting higher benefits when you retire. Do students have to file taxes   If you use either or both optional methods, you must figure and pay the SE tax due under these methods even if you would have had a smaller tax or no tax using the regular method. Do students have to file taxes   The optional methods may be used only to figure your SE tax. Do students have to file taxes To figure your income tax, include your actual earnings in gross income, regardless of which method you use to determine SE tax. Do students have to file taxes Regular Method Multiply your total earnings subject to SE tax by 92. Do students have to file taxes 35% (. Do students have to file taxes 9235) to get your net earnings under the regular method. Do students have to file taxes See Short Schedule SE, line 4, or Long Schedule SE, line 4a. Do students have to file taxes Net earnings figured using the regular method are also called actual net earnings. Do students have to file taxes Nonfarm Optional Method Use the nonfarm optional method only for earnings that do not come from farming. Do students have to file taxes You may use this method if you meet all the following tests. Do students have to file taxes You are self-employed on a regular basis. Do students have to file taxes This means that your actual net earnings from self-employment were $400 or more in at least 2 of the 3 tax years before the one for which you use this method. Do students have to file taxes The net earnings can be from either farm or nonfarm earnings or both. Do students have to file taxes You have used this method less than 5 years. Do students have to file taxes (There is a 5-year lifetime limit. Do students have to file taxes ) The years do not have to be one after another. Do students have to file taxes Your net nonfarm profits were: Less than $5,024, and Less than 72. Do students have to file taxes 189% of your gross nonfarm income. Do students have to file taxes Net nonfarm profits. Do students have to file taxes   Net nonfarm profit generally is the total of the amounts from: Line 31, Schedule C (Form 1040), Line 3, Schedule C-EZ (Form 1040), Box 14, code A, Schedule K-1 (Form 1065) (from nonfarm partnerships), and Box 9, code J1, Schedule K-1 (Form 1065-B). Do students have to file taxes   However, you may need to adjust the amount reported on Schedule K-1 if you are a general partner or if it is a loss. Do students have to file taxes Gross nonfarm income. Do students have to file taxes   Your gross nonfarm income generally is the total of the amounts from: Line 7, Schedule C (Form 1040), Line 1, Schedule C-EZ (Form 1040), Box 14, code C, Schedule K-1 (Form 1065) (from nonfarm partnerships), and Box 9, code J2, Schedule K-1 (Form 1065-B). Do students have to file taxes Figuring Nonfarm Net Earnings If you meet the three tests explained earlier, use the following table to figure your net earnings from self-employment under the nonfarm optional method. Do students have to file taxes Table 10-1. Do students have to file taxes Figuring Nonfarm Net Earnings IF your gross nonfarm income is. Do students have to file taxes . Do students have to file taxes . Do students have to file taxes THEN your net earnings are equal to. Do students have to file taxes . Do students have to file taxes . Do students have to file taxes $6,960 or less Two-thirds of your gross nonfarm income. Do students have to file taxes More than $6,960 $4,640 Actual net earnings. Do students have to file taxes   Your actual net earnings are 92. Do students have to file taxes 35% of your total earnings subject to SE tax (that is, multiply total earnings subject to SE tax by 92. Do students have to file taxes 35% (. Do students have to file taxes 9235) to get actual net earnings). Do students have to file taxes Actual net earnings are equivalent to net earnings figured using the regular method. Do students have to file taxes Optional net earnings less than actual net earnings. Do students have to file taxes   You cannot use this method to report an amount less than your actual net earnings from self-employment. Do students have to file taxes Gross nonfarm income of $6,960 or less. Do students have to file taxes   The following examples illustrate how to figure net earnings when gross nonfarm income is $6,960 or less. Do students have to file taxes Example 1. Do students have to file taxes Net nonfarm profit less than $5,024 and less than 72. Do students have to file taxes 189% of gross nonfarm income. Do students have to file taxes Ann Green runs a craft business. Do students have to file taxes Her actual net earnings from self-employment were $800 in 2011 and $900 in 2012. Do students have to file taxes She meets the test for being self-employed on a regular basis. Do students have to file taxes She has used the nonfarm optional method less than 5 years. Do students have to file taxes Her gross income and net profit in 2013 are as follows: Gross nonfarm income $5,400 Net nonfarm profit $1,200 Ann's actual net earnings for 2013 are $1,108 ($1,200 × . Do students have to file taxes 9235). Do students have to file taxes Because her net profit is less than $5,024 and less than 72. Do students have to file taxes 189% of her gross income, she can use the nonfarm optional method to figure net earnings of $3,600 (2/3 × $5,400). Do students have to file taxes Because these net earnings are higher than her actual net earnings, she can report net earnings of $3,600 for 2013. Do students have to file taxes Example 2. Do students have to file taxes Net nonfarm profit less than $5,024 but not less than 72. Do students have to file taxes 189% of gross nonfarm income. Do students have to file taxes Assume that in Example 1 Ann's gross income is $1,000 and her net profit is $800. Do students have to file taxes She must use the regular method to figure her net earnings. Do students have to file taxes She cannot use the nonfarm optional method because her net profit is not less than 72. Do students have to file taxes 189% of her gross income. Do students have to file taxes Example 3. Do students have to file taxes Net loss from a nonfarm business. Do students have to file taxes Assume that in Example 1 Ann has a net loss of $700. Do students have to file taxes She can use the nonfarm optional method and report $3,600 (2/3 × $5,400) as her net earnings. Do students have to file taxes Example 4. Do students have to file taxes Nonfarm net earnings less than $400. Do students have to file taxes Assume that in Example 1 Ann has gross income of $525 and a net profit of $175. Do students have to file taxes In this situation, she would not pay any SE tax under either the regular method or the nonfarm optional method because her net earnings under both methods are less than $400. Do students have to file taxes Gross nonfarm income of more than $6,960. Do students have to file taxes   The following examples illustrate how to figure net earnings when gross nonfarm income is more than $6,960. Do students have to file taxes Example 1. Do students have to file taxes Net nonfarm profit less than $5,024 and less than 72. Do students have to file taxes 189% of gross nonfarm income. Do students have to file taxes John White runs an appliance repair shop. Do students have to file taxes His actual net earnings from self-employment were $10,500 in 2011 and $9,500 in 2012. Do students have to file taxes He meets the test for being self-employed on a regular basis. Do students have to file taxes He has used the nonfarm optional method less than 5 years. Do students have to file taxes His gross income and net profit in 2013 are as follows: Gross nonfarm income $12,000 Net nonfarm profit $1,200 John's actual net earnings for 2013 are $1,108 ($1,200 × . Do students have to file taxes 9235). Do students have to file taxes Because his net profit is less than $5,024 and less than 72. Do students have to file taxes 189% of his gross income, he can use the nonfarm optional method to figure net earnings of $4,640. Do students have to file taxes Because these net earnings are higher than his actual net earnings, he can report net earnings of $4,640 for 2013. Do students have to file taxes Example 2. Do students have to file taxes Net nonfarm profit not less than $5,024. Do students have to file taxes Assume that in Example 1 John's net profit is $5,400. Do students have to file taxes He must use the regular method. Do students have to file taxes He cannot use the nonfarm optional method because his net nonfarm profit is not less than $5,024. Do students have to file taxes Example 3. Do students have to file taxes Net loss from a nonfarm business. Do students have to file taxes Assume that in Example 1 John has a net loss of $700. Do students have to file taxes He can use the nonfarm optional method and report $4,640 as his net earnings from self-employment. Do students have to file taxes Farm Optional Method Use the farm optional method only for earnings from a farming business. Do students have to file taxes See Publication 225 for information about this method. Do students have to file taxes Using Both Optional Methods If you have both farm and nonfarm earnings, you may be able to use both optional methods to determine your net earnings from self-employment. Do students have to file taxes To figure your net earnings using both optional methods, you must: Figure your farm and nonfarm net earnings separately under each method. Do students have to file taxes Do not combine farm earnings with nonfarm earnings to figure your net earnings under either method. Do students have to file taxes Add the net earnings figured under each method to arrive at your total net earnings from self-employment. Do students have to file taxes You can report less than your total actual farm and nonfarm net earnings but not less than actual nonfarm net earnings. Do students have to file taxes If you use both optional methods, you can report no more than $4,640 as your combined net earnings from self-employment. Do students have to file taxes Example. Do students have to file taxes You are a self-employed farmer. Do students have to file taxes You also operate a retail grocery store. Do students have to file taxes Your gross income, actual net earnings from self-employment, and optional farm and optional nonfarm net earnings from self-employment are shown in Table 10-2. Do students have to file taxes Table 10-2. Do students have to file taxes Example—Farm and Nonfarm Earnings Income and Earnings Farm Nonfarm Gross income $3,000 $6,000 Actual net earnings $900 $500 Optional net earnings (2/3 of gross income) $2,000 $4,000 Table 10-3 shows four methods or combinations of methods you can use to figure net earnings from self-employment using the farm and nonfarm gross income and actual net earnings shown in Table 10-2. Do students have to file taxes Method 1. Do students have to file taxes Using the regular method for both farm and nonfarm income. Do students have to file taxes Method 2. Do students have to file taxes Using the optional method for farm income and the regular method for nonfarm income. Do students have to file taxes Method 3. Do students have to file taxes Using the regular method for farm income and the optional method for nonfarm income. Do students have to file taxes Method 4. Do students have to file taxes Using the optional method for both farm and nonfarm income. Do students have to file taxes Note. Do students have to file taxes Actual net earnings is the same as net earnings figured using the regular method. Do students have to file taxes Table 10-3. Do students have to file taxes Example—Net Earnings Net Earnings 1 2 3 4 Actual  farm $ 900   $ 900   Optional  farm   $ 2,000   $ 2,000 Actual nonfarm $ 500 $ 500     Optional nonfarm     $4,000 $4,000 Amount you can report: $1,400 $2,500 $4,900 $4,640* *Limited to $4,640 because you used both optional methods. Do students have to file taxes Fiscal Year Filer If you use a tax year other than the calendar year, you must use the tax rate and maximum earnings limit in effect at the beginning of your tax year. Do students have to file taxes Even if the tax rate or maximum earnings limit changes during your tax year, continue to use the same rate and limit throughout your tax year. Do students have to file taxes Reporting Self-Employment Tax Use Schedule SE (Form 1040) to figure and report your SE tax. Do students have to file taxes Then enter the SE tax on line 56 of Form 1040 and attach Schedule SE to Form 1040. Do students have to file taxes Most taxpayers can use Section A—Short Schedule SE to figure their SE tax. Do students have to file taxes However, certain taxpayers must use Section B—Long Schedule SE. Do students have to file taxes If you have to pay SE tax, you must file Form 1040 (with Schedule SE attached) even if you do not otherwise have to file a federal income tax return. Do students have to file taxes Joint return. Do students have to file taxes   Even if you file a joint return, you cannot file a joint Schedule SE. Do students have to file taxes This is true whether one spouse or both spouses have earnings subject to SE tax. Do students have to file taxes If both of you have earnings subject to SE tax, each of you must complete a separate Schedule SE. Do students have to file taxes However, if one spouse uses the Short Schedule SE and the other spouse has to use the Long Schedule SE, both can use the same form. Do students have to file taxes Attach both schedules to the joint return. Do students have to file taxes More than one business. Do students have to file taxes   If you have more than one trade or business, you must combine the net profit (or loss) from each business to figure your SE tax. Do students have to file taxes A loss from one business will reduce your profit from another business. Do students have to file taxes File one Schedule SE showing the earnings from self-employment, but file a separate Schedule C, C-EZ, or F for each business. Do students have to file taxes Example. Do students have to file taxes You are the sole proprietor of two separate businesses. Do students have to file taxes You operate a restaurant that made a net profit of $25,000. Do students have to file taxes You also have a cabinetmaking business that had a net loss of $500. Do students have to file taxes You must file a Schedule C for the restaurant showing your net profit of $25,000 and another Schedule C for the cabinetmaking business showing your net loss of $500. Do students have to file taxes You file Schedule SE showing total earnings subject to SE tax of $24,500. Do students have to file taxes Prev  Up  Next   Home   More Online Publications