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Efile tax return for free 6. Efile tax return for free   Tuition and Fees Deduction Table of Contents IntroductionWhat is the tax benefit of the tuition and fees deduction. Efile tax return for free Can You Claim the DeductionWho Can Claim the Deduction Who Cannot Claim the Deduction What Expenses QualifyQualified Education Expenses No Double Benefit Allowed Expenses That Do Not Qualify Who Is an Eligible Student Who Can Claim a Dependent's Expenses Figuring the DeductionEffect of the Amount of Your Income on the Amount of Your Deduction Claiming the Deduction Illustrated Example Introduction You may be able to deduct qualified education expenses paid during the year for yourself, your spouse, or your dependent(s). Efile tax return for free You cannot claim this deduction if your filing status is married filing separately or if another person can claim an exemption for you as a dependent on his or her tax return. Efile tax return for free The qualified expenses must be for higher education, as explained later under Qualified Education Expenses . Efile tax return for free What is the tax benefit of the tuition and fees deduction. Efile tax return for free   The tuition and fees deduction can reduce the amount of your income subject to tax by up to $4,000. Efile tax return for free   This deduction is taken as an adjustment to income. Efile tax return for free This means you can claim this deduction even if you do not itemize deductions on Schedule A (Form 1040). Efile tax return for free This deduction may be beneficial to you if you do not qualify for the American opportunity or lifetime learning credits. Efile tax return for free You can choose the education benefit that will give you the lowest tax. Efile tax return for free You may want to compare the tuition and fees deduction to the education credits. Efile tax return for free See chapter 2, American Opportunity Credit and chapter 3, Lifetime Learning Credit for more information on the education credits. Efile tax return for free Table 6-1. Efile tax return for free Tuition and Fees Deduction at a Glance summarizes the features of the tuition and fees deduction. Efile tax return for free Can You Claim the Deduction The following rules will help you determine if you can claim the tuition and fees deduction. Efile tax return for free Who Can Claim the Deduction Generally, you can claim the tuition and fees deduction if all three of the following requirements are met. Efile tax return for free You pay qualified education expenses of higher education. Efile tax return for free You pay the education expenses for an eligible student. Efile tax return for free The eligible student is yourself, your spouse, or your dependent for whom you claim an exemption on your tax return. Efile tax return for free The term “qualified education expenses” is defined later under Qualified Education Expenses . Efile tax return for free “Eligible student” is defined later under Who Is an Eligible Student . Efile tax return for free For more information on claiming the deduction for a dependent, see Who Can Claim a Dependent's Expenses , later. Efile tax return for free Table 6-1. Efile tax return for free Tuition and Fees Deduction at a Glance Do not rely on this table alone. Efile tax return for free Refer to the text for complete details. Efile tax return for free Question Answer What is the maximum benefit? You can reduce your income subject to tax by up to $4,000. Efile tax return for free What is the limit on modified adjusted gross income (MAGI)? $160,000 if married filing a joint return; $80,000 if single, head of household, or qualifying widow(er). Efile tax return for free Where is the deduction taken? As an adjustment to income on  Form 1040 or Form 1040A. Efile tax return for free For whom must the expenses be paid? A student enrolled in an eligible educational institution who is either: •you,  •your spouse, or  •your dependent for whom you claim an exemption. Efile tax return for free What tuition and fees are deductible? Tuition and fees required for enrollment or attendance at an eligible postsecondary educational institution, but not including personal, living, or family expenses, such as room and board. Efile tax return for free Who Cannot Claim the Deduction You cannot claim the tuition and fees deduction if any of the following apply. Efile tax return for free Your filing status is married filing separately. Efile tax return for free Another person can claim an exemption for you as a dependent on his or her tax return. Efile tax return for free You cannot take the deduction even if the other person does not actually claim that exemption. Efile tax return for free Your modified adjusted gross income (MAGI) is more than $80,000 ($160,000 if filing a joint return). Efile tax return for free You (or your spouse) were a nonresident alien for any part of 2013 and the nonresident alien did not elect to be treated as a resident alien for tax purposes. Efile tax return for free More information on nonresident aliens can be found in Publication 519. Efile tax return for free What Expenses Qualify The tuition and fees deduction is based on qualified education expenses you pay for yourself, your spouse, or a dependent for whom you claim an exemption on your tax return. Efile tax return for free Generally, the deduction is allowed for qualified education expenses paid in 2013 in connection with enrollment at an institution of higher education during 2013 or for an academic period beginning in 2013 or in the first 3 months of 2014. Efile tax return for free For example, if you paid $1,500 in December 2013 for qualified tuition for the spring 2014 semester beginning in January 2014, you may be able to use that $1,500 in figuring your 2013 deduction. Efile tax return for free Academic period. Efile tax return for free   An academic period includes a semester, trimester, quarter, or other period of study (such as a summer school session) as reasonably determined by an educational institution. Efile tax return for free In the case of an educational institution that uses credit hours or clock hours and does not have academic terms, each payment period can be treated as an academic period. Efile tax return for free Paid with borrowed funds. Efile tax return for free   You can claim a tuition and fees deduction for qualified education expenses paid with the proceeds of a loan. Efile tax return for free Use the expenses to figure the deduction for the year in which the expenses are paid, not the year in which the loan is repaid. Efile tax return for free Treat loan disbursements sent directly to the educational institution as paid on the date the institution credits the student's account. Efile tax return for free Student withdraws from class(es). Efile tax return for free   You can claim a tuition and fees deduction for qualified education expenses not refunded when a student withdraws. Efile tax return for free Qualified Education Expenses For purposes of the tuition and fees deduction, qualified education expenses are tuition and certain related expenses required for enrollment or attendance at an eligible educational institution. Efile tax return for free Eligible educational institution. Efile tax return for free   An eligible educational institution is any college, university, vocational school, or other postsecondary educational institution eligible to participate in a student aid program administered by the U. Efile tax return for free S. Efile tax return for free Department of Education. Efile tax return for free It includes virtually all accredited public, nonprofit, and proprietary (privately owned profit-making) postsecondary institutions. Efile tax return for free The educational institution should be able to tell you if it is an eligible educational institution. Efile tax return for free   Certain educational institutions located outside the United States also participate in the U. Efile tax return for free S. Efile tax return for free Department of Education's Federal Student Aid (FSA) programs. Efile tax return for free Related expenses. Efile tax return for free   Student-activity fees and expenses for course-related books, supplies, and equipment are included in qualified education expenses only if the fees and expenses must be paid to the institution as a condition of enrollment or attendance. Efile tax return for free Prepaid expenses. Efile tax return for free   Qualified education expenses paid in 2013 for an academic period that begins in the first three months of 2014 can be used in figuring an education credit for 2013 only. Efile tax return for free See Academic period , earlier. Efile tax return for free For example, you pay $2,000 in December 2013 for qualified tuition for the 2014 winter quarter that begins in January 2014, you can use that $2,000 in figuring an education credit for 2013 only (if you meet all the other requirements). Efile tax return for free You cannot use any amount you paid in 2012 or 2014 to figure the qualified education expenses you use to figure your 2013 education credit(s). Efile tax return for free In the following examples, assume that each student is an eligible student and each college or university an eligible educational institution. Efile tax return for free Example 1. Efile tax return for free Jackson is a sophomore in University V's degree program in dentistry. Efile tax return for free This year, in addition to tuition, he is required to pay a fee to the university for the rental of the dental equipment he will use in this program. Efile tax return for free Because the equipment rental fee must be paid to University V for enrollment and attendance, Jackson's equipment rental fee is a qualified education expense. Efile tax return for free Example 2. Efile tax return for free Donna and Charles, both first-year students at College W, are required to have certain books and other reading materials to use in their mandatory first-year classes. Efile tax return for free The college has no policy about how students should obtain these materials, but any student who purchases them from College W's bookstore will receive a bill directly from the college. Efile tax return for free Charles bought his books from a friend, so what he paid for them is not a qualified education expense. Efile tax return for free Donna bought hers at College W's bookstore. Efile tax return for free Although Donna paid College W directly for her first-year books and materials, her payment is not a qualified education expense because the books and materials are not required to be purchased from College W for enrollment or attendance at the institution. Efile tax return for free Example 3. Efile tax return for free When Marci enrolled at College X for her freshman year, she had to pay a separate student activity fee in addition to her tuition. Efile tax return for free This activity fee is required of all students, and is used solely to fund on-campus organizations and activities run by students, such as the student newspaper and the student government. Efile tax return for free No portion of the fee covers personal expenses. Efile tax return for free Although labeled as a student activity fee, the fee is required for Marci's enrollment and attendance at College X. Efile tax return for free Therefore, it is a qualified expense. Efile tax return for free No Double Benefit Allowed You cannot do any of the following. Efile tax return for free Deduct qualified education expenses you deduct under any other provision of the law, for example, as a business expense. Efile tax return for free Deduct qualified education expenses for a student on your income tax return if you or anyone else claims an American opportunity or lifetime learning credit for that same student in the same year. Efile tax return for free Deduct qualified education expenses that have been used to figure the tax-free portion of a distribution from a Coverdell education savings account (ESA) or a qualified tuition program (QTP). Efile tax return for free For a QTP, this applies only to the amount of tax-free earnings that were distributed, not to the recovery of contributions to the program. Efile tax return for free See Coordination With Tuition and Fees Deduction in chapter 8, Qualified Tuition Program, later. Efile tax return for free Deduct qualified education expenses that have been paid with tax-free interest on U. Efile tax return for free S. Efile tax return for free savings bonds (Form 8815). Efile tax return for free See Figuring the Tax-Free Amount in chapter 10, Education Savings Bond Program, later. Efile tax return for free Deduct qualified education expenses that have been paid with tax-free educational assistance, such as a scholarship, grant, or assistance provided by an employer. Efile tax return for free See the following section on Adjustments to Qualified Education Expenses. Efile tax return for free Adjustments to Qualified Education Expenses For each student, reduce the qualified education expenses paid by or on behalf of that student under the following rules. Efile tax return for free The result is the amount of adjusted qualified education expenses for each student. Efile tax return for free You must also reduce qualified education expenses by the other amounts referred to in No Double Benefit Allowed , earlier. Efile tax return for free Tax-free educational assistance. Efile tax return for free   For tax-free educational assistance received in 2013, reduce the qualified educational expenses for each academic period by the amount of tax-free educational assistance allocable to that academic period. Efile tax return for free See Academic period , earlier. Efile tax return for free   Some tax-free educational assistance received after 2013 may be treated as a refund of qualified education expenses paid in 2013. Efile tax return for free This tax-free educational assistance is any tax-free educational assistance received by you or anyone else after 2013 for qualified education expenses paid on behalf of a student in 2013 (or attributable to enrollment at an eligible educational institution during 2013). Efile tax return for free   If this tax-free educational assistance is received after 2013 but before you file your 2013 income tax return, see Refunds received after 2013 but before your income tax return is filed , later. Efile tax return for free If this tax-free educational assistance is received after 2013 and after you file your 2013 income tax return, see Refunds received after 2013 and after your income tax return is filed , later. Efile tax return for free   This tax-free education assistance includes: The tax-free part of scholarships and fellowships (see Tax-Free Scholarships and Fellowships in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions), Pell grants (see Pell Grants and Other Title IV Need-Based Education Grants in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions), Employer-provided educational assistance (see chapter 11, Employer-Provided Educational Assistance ), Veterans' educational assistance (see Veterans' Benefits in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions), and Any other nontaxable (tax-free) payments (other than gifts or inheritances) received as educational assistance. Efile tax return for free Generally, any scholarship or fellowship is treated as tax free. Efile tax return for free However, a scholarship or fellowship is not treated as tax free to the extent the student includes it in gross income (if the student is required to file a tax return for the year the scholarship or fellowship is received) and either of the following is true. Efile tax return for free The scholarship or fellowship (or any part of it) must be applied (by its terms) to expenses (such as room and board) other than qualified education expenses as defined in Qualified education expenses in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions. Efile tax return for free The scholarship or fellowship (or any part of it) may be applied (by its terms) to expenses (such as room and board) other than qualified education expenses as defined in Qualified education expenses in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions. Efile tax return for free You may be able to increase the combined value of an education credit and certain educational assistance if the student includes some or all of the educational assistance in income in the year it is received. Efile tax return for free For details, see Adjustments to Qualified Education Expenses in chapters 2 and 3. Efile tax return for free Refunds. Efile tax return for free   A refund of qualified education expenses may reduce adjusted qualified education expenses for the tax year or require repayment (recapture) of a credit claimed in an earlier year. Efile tax return for free Some tax-free educational assistance received after 2013 may be treated as a refund. Efile tax return for free See Tax-free educational assistance , earlier. Efile tax return for free Refunds received in 2013. Efile tax return for free   For each student, figure the adjusted qualified education expenses for 2013 by adding all the qualified education expenses for 2013 and subtracting any refunds of those expenses received from the eligible educational institution during 2013. Efile tax return for free Refunds received after 2013 but before your income tax return is filed. Efile tax return for free   If anyone receives a refund after 2013 of qualified education expenses paid on behalf of a student in 2013 and the refund is paid before you file an income tax return for 2013, the amount of qualified education expenses for 2013 is reduced by the amount of the refund. Efile tax return for free Refunds received after 2013 and after your income tax return is filed. Efile tax return for free   If anyone receives a refund after 2013 of qualified education expenses paid on behalf of a student in 2013 and the refund is paid after you file an income tax return for 2013, you may need to repay some or all of the credit. Efile tax return for free See Credit recapture , later. Efile tax return for free Coordination with Coverdell education savings accounts and qualified tuition programs. Efile tax return for free   Reduce your qualified education expenses by any qualified education expenses used to figure the exclusion from gross income of (a) interest received under an education savings bond program, or (b) any distribution from a Coverdell education savings account or qualified tuition program (QTP). Efile tax return for free For a QTP, this applies only to the amount of tax-free earnings that were distributed, not to the recovery of contributions to the program. Efile tax return for free Credit recapture. Efile tax return for free    If any tax-free educational assistance for the qualified education expenses paid in 2013 or any refund of your qualified education expenses paid in 2013 is received after you file your 2013 income tax return, you must recapture (repay) any excess credit. Efile tax return for free You do this by refiguring the amount of your adjusted qualified education expenses for 2013 by reducing that amount by the amount of the refund or tax-free educational assistance. Efile tax return for free You then refigure your education credit(s) for 2013 and figure the amount by which your 2013 tax liability would have increased if you had claimed the refigured credit(s). Efile tax return for free Include that amount as an additional tax for the year the refund or tax-free assistance was received. Efile tax return for free Example. Efile tax return for free   You paid $3,500 of qualified education expenses in December 2013, and your child began college in January 2014. Efile tax return for free You claimed $3,500 as the tuition and fees deduction on your 2013 income tax return. Efile tax return for free The reduction reduced your taxable income by $3,500. Efile tax return for free Also, you claimed no tax credits in 2013. Efile tax return for free Your child withdrew from two classes and you received a refund of $2,000 in 2014 after you filed your 2013 tax return. Efile tax return for free Refigure your 2013 tuition and fees deduction using $1,500 of qualified education expense instead of the $3,500. Efile tax return for free The refigured tuition and fees deduction is $1,500. Efile tax return for free Do not file an amended 2013 tax return to account for this adjustment. Efile tax return for free Instead, include the difference of $2,000 (but only to the extent this difference would have increased your 2013 tax) on the “Other income” line of your 2014 Form 1040. Efile tax return for free You cannot file Form 1040A for 2014. Efile tax return for free Amounts that do not reduce qualified education expenses. Efile tax return for free   Do not reduce qualified education expenses by amounts paid with funds the student receives as: Payment for services, such as wages, A loan, A gift, An inheritance, or A withdrawal from the student's personal savings. Efile tax return for free   Do not reduce the qualified education expenses by any scholarship or fellowship reported as income on the student's tax return in the following situations. Efile tax return for free The use of the money is restricted, by the terms of the scholarship or fellowship, to costs of attendance (such as room and board) other than qualified education expenses as defined in Qualified education expenses in chapter 1, Scholarships, Fellowships, Grants, and Tuition Restrictions. Efile tax return for free The use of the money is not restricted. Efile tax return for free Example 1. Efile tax return for free In 2013, Jackie paid $3,000 for tuition and $5,000 for room and board at University X. Efile tax return for free The university did not require her to pay any fees in addition to her tuition in order to enroll in or attend classes. Efile tax return for free To help pay these costs, she was awarded a $2,000 scholarship and a $4,000 student loan. Efile tax return for free The terms of the scholarship state that it can be used to pay any of Jackie's college expenses. Efile tax return for free University X applies the $2,000 scholarship against Jackie's $8,000 total bill, and Jackie pays the $6,000 balance of her bill from University X with a combination of her student loan and her savings. Efile tax return for free Jackie does not report any portion of the scholarship as income on her tax return. Efile tax return for free In figuring the tuition and fees deduction, Jackie must reduce her qualified education expenses by the amount of the scholarship ($2,000) because she excluded the entire scholarship from her income. Efile tax return for free The student loan is not tax-free educational assistance, so she does not need to reduce her qualified expenses by any part of the loan proceeds. Efile tax return for free Jackie is treated as having paid $1,000 in qualified education expenses ($3,000 tuition – $2,000 scholarship) in 2013. Efile tax return for free Example 2. Efile tax return for free The facts are the same as in Example 1, except that Jackie reports her entire scholarship as income on her tax return. Efile tax return for free Because Jackie reported the entire $2,000 scholarship in her income, she does not need to reduce her qualified education expenses. Efile tax return for free Jackie is treated as having paid $3,000 in qualified education expenses. Efile tax return for free Expenses That Do Not Qualify Qualified education expenses do not include amounts paid for: Insurance, Medical expenses (including student health fees), Room and board, Transportation, or Similar personal, living, or family expenses. Efile tax return for free This is true even if the amount must be paid to the institution as a condition of enrollment or attendance. Efile tax return for free Sports, games, hobbies, and noncredit courses. Efile tax return for free   Qualified education expenses generally do not include expenses that relate to any course of instruction or other education that involves sports, games or hobbies, or any noncredit course. Efile tax return for free However, if the course of instruction or other education is part of the student's degree program, these expenses can qualify. Efile tax return for free Comprehensive or bundled fees. Efile tax return for free   Some eligible educational institutions combine all of their fees for an academic period into one amount. Efile tax return for free If you do not receive, or do not have access to, an allocation showing how much you paid for qualified education expenses and how much you paid for personal expenses, such as those listed above, contact the institution. Efile tax return for free The institution is required to make this allocation and provide you with the amount you paid (or were billed) for qualified education expenses on Form 1098-T. Efile tax return for free See Figuring the Deduction , later, for more information about Form 1098-T. Efile tax return for free Who Is an Eligible Student For purposes of the tuition and fees deduction, an eligible student is a student who is enrolled in one or more courses at an eligible educational institution (as defined under Qualified Education Expenses , earlier). Efile tax return for free Who Can Claim a Dependent's Expenses Generally, in order to claim the tuition and fees deduction for qualified education expenses for a dependent, you must: Have paid the expenses, and Claim an exemption for the student as a dependent. Efile tax return for free For you to be able to deduct qualified education expenses for your dependent, you must claim an exemption for that individual. Efile tax return for free You do this by listing your dependent's name and other required information on Form 1040 (or Form 1040A), line 6c. Efile tax return for free IF your dependent is an eligible student and you. Efile tax return for free . Efile tax return for free . Efile tax return for free AND. Efile tax return for free . Efile tax return for free . Efile tax return for free THEN. Efile tax return for free . Efile tax return for free . Efile tax return for free claim an exemption for your dependent you paid all qualified education expenses for your dependent only you can deduct the qualified education expenses that you paid. Efile tax return for free Your dependent cannot take a deduction. Efile tax return for free claim an exemption for your dependent your dependent paid all qualified education expenses no one is allowed to take a deduction. Efile tax return for free do not claim an exemption for your dependent you paid all qualified education expenses no one is allowed to take a deduction. Efile tax return for free do not claim an exemption for your dependent your dependent paid all qualified education expenses no one is allowed to take a deduction. Efile tax return for free Expenses paid by dependent. Efile tax return for free   If your dependent pays qualified education expenses, no one can take a tuition and fees deduction for those expenses. Efile tax return for free Neither you nor your dependent can deduct the expenses. Efile tax return for free For purposes of the tuition and fees deduction, you are not treated as paying any expenses actually paid by a dependent for whom you or anyone other than the dependent can claim an exemption. Efile tax return for free This rule applies even if you do not claim an exemption for your dependent on your tax return. Efile tax return for free Expenses paid by you. Efile tax return for free   If you claim an exemption for a dependent who is an eligible student, only you can include any expenses you paid when figuring your tuition and fees deduction. Efile tax return for free Expenses paid under divorce decree. Efile tax return for free   Qualified education expenses paid directly to an eligible educational institution for a student under a court-approved divorce decree are treated as paid by the student. Efile tax return for free Only the student would be eligible to take a tuition and fees deduction for that payment, and then only if no one else could claim an exemption for the student. Efile tax return for free Expenses paid by others. Efile tax return for free   Someone other than you, your spouse, or your dependent (such as a relative or former spouse) may make a payment directly to an eligible educational institution to pay for an eligible student's qualified education expenses. Efile tax return for free In this case, the student is treated as receiving the payment from the other person and, in turn, paying the institution. Efile tax return for free If you claim, or can claim, an exemption on your tax return for the student, you are not considered to have paid the expenses and you cannot deduct them. Efile tax return for free If the student is not a dependent, only the student can deduct payments made directly to the institution for his or her expenses. Efile tax return for free If the student is your dependent, no one can deduct the payments. Efile tax return for free Example. Efile tax return for free In 2013, Ms. Efile tax return for free Baker makes a payment directly to an eligible educational institution for her grandson Dan's qualified education expenses. Efile tax return for free For purposes of deducting tuition and fees, Dan is treated as receiving the money from his grandmother and, in turn, paying his own qualified education expenses. Efile tax return for free If an exemption cannot be claimed for Dan on anyone else's tax return, only Dan can claim a tuition and fees deduction for his grandmother's payment. Efile tax return for free If someone else can claim an exemption for Dan, no one will be allowed a deduction for Ms. Efile tax return for free Baker's payment. Efile tax return for free Tuition reduction. Efile tax return for free   When an eligible educational institution provides a reduction in tuition to an employee of the institution (or spouse or dependent child of an employee), the amount of the reduction may or may not be taxable. Efile tax return for free If it is taxable, the employee is treated as receiving a payment of that amount and, in turn, paying it to the educational institution on behalf of the student. Efile tax return for free For more information on tuition reductions, see Qualified Tuition Reduction , in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions. Efile tax return for free Figuring the Deduction The maximum tuition and fees deduction in 2013 is $4,000, $2,000, or $0, depending on the amount of your MAGI. Efile tax return for free See Effect of the Amount of Your Income on the Amount of Your Deduction , later. Efile tax return for free Form 1098-T. Efile tax return for free   To help you figure your tuition and fees deduction, the student should receive Form 1098-T (see Appendix A for a completed example of Form 1098-T). Efile tax return for free Generally, an eligible educational institution (such as a college or university) must send Form 1098-T (or acceptable substitute) to each enrolled student by January 31, 2014. Efile tax return for free An institution may choose to report either payments received (box 1), or amounts billed (box 2), for qualified education expenses. Efile tax return for free However, the amount in boxes 1 and 2 of Form 1098-T might be different than what you paid. Efile tax return for free When figuring the deduction, use only the amounts you paid in 2013 for qualified education expenses. Efile tax return for free   In addition, Form 1098-T should give other information for that institution, such as adjustments made for prior years, the amount of scholarships or grants, reimbursements or refunds, and whether the student was enrolled at least half-time or was a graduate student. Efile tax return for free    The eligible educational institution may ask for a completed Form W-9S or similar statement to obtain the student's name, address, and taxpayer identification number. Efile tax return for free Effect of the Amount of Your Income on the Amount of Your Deduction If your MAGI is not more than $65,000 ($130,000 if you are married filing jointly), your maximum tuition and fees deduction is $4,000. Efile tax return for free If your MAGI is larger than $65,000 ($130,000 if you are married filing jointly), but is not more than $80,000 ($160,000 if you are married filing jointly), your maximum deduction is $2,000. Efile tax return for free No tuition and fees deduction is allowed if your MAGI is larger than $80,000 ($160,000 if you are married filing jointly). Efile tax return for free Modified adjusted gross income (MAGI). Efile tax return for free   For most taxpayers, MAGI is adjusted gross income (AGI) as figured on their federal income tax return before subtracting any deduction for tuition and fees. Efile tax return for free However, as discussed below, there may be other modifications. Efile tax return for free MAGI when using Form 1040A. Efile tax return for free   If you file Form 1040A, your MAGI is the AGI on line 22 of that form, figured without taking into account any amount on line 19 (tuition and fees deduction). Efile tax return for free MAGI when using Form 1040. Efile tax return for free   If you file Form 1040, your MAGI is the AGI on line 38 of that form, figured without taking into account any amount on line 34 (tuition and fees deduction) or line 35 (domestic production activities deduction), and modified by adding back any: Foreign earned income exclusion, Foreign housing exclusion, Foreign housing deduction, Exclusion of income by bona fide residents of American Samoa, and Exclusion of income by bona fide residents of Puerto Rico. Efile tax return for free   Table 6-2 shows how the amount of your MAGI can affect your tuition and fees deduction. Efile tax return for free   You can use Worksheet 6-1. Efile tax return for free MAGI for the Tuition and Fees Deduction , later, to figure your MAGI. Efile tax return for free Table 6-2. Efile tax return for free Effect of MAGI on Maximum Tuition and Fees Deduction IF your filing status is. Efile tax return for free . Efile tax return for free . Efile tax return for free AND your MAGI is. Efile tax return for free . Efile tax return for free . Efile tax return for free THEN your maximum tuition and fees deduction is. Efile tax return for free . Efile tax return for free . Efile tax return for free single,  head of household, or qualifying widow(er) not more than $65,000 $4,000. Efile tax return for free more than $65,000  but not more than $80,000 $2,000. Efile tax return for free more than $80,000 $0. Efile tax return for free married filing joint return not more than $130,000 $4,000. Efile tax return for free more than $130,000 but not more than $160,000 $2,000. Efile tax return for free more than $160,000 $0. Efile tax return for free Claiming the Deduction You claim a tuition and fees deduction by completing Form 8917 and submitting it with your Form 1040 or Form 1040A. Efile tax return for free Enter the deduction on Form 1040, line 34, or Form 1040A, line 19. Efile tax return for free A filled-in Form 8917 is shown at the end of this chapter. Efile tax return for free Illustrated Example Tim Pfister, a single taxpayer, enrolled full-time at a local college to earn a degree in engineering. Efile tax return for free This is the first year of his postsecondary education. Efile tax return for free During 2013, he paid $3,600 for his qualified 2013 tuition expense. Efile tax return for free Both he and the college meet all of the requirements for the tuition and fees deduction. Efile tax return for free Tim's total income (Form 1040, line 22) and MAGI are $26,000. Efile tax return for free He figures his deduction of $3,600 as shown on Form 8917, later. Efile tax return for free Worksheet 6-1. Efile tax return for free MAGI for the Tuition and Fees Deduction Use this worksheet if you are filing Form 2555, 2555-EZ, or 4563, or you are excluding income from sources within Puerto Rico. Efile tax return for free Before using this worksheet, you must complete Form 1040, lines 7 through 33, and figure any amount to be entered on the dotted line next to line 36. Efile tax return for free 1. Efile tax return for free Enter the amount from Form 1040, line 22   1. Efile tax return for free         2. Efile tax return for free Enter the total from Form 1040, lines 23 through 33   2. Efile tax return for free               3. Efile tax return for free Enter the total of any amounts entered on the dotted line next to Form 1040, line 36   3. Efile tax return for free               4. Efile tax return for free Add lines 2 and 3   4. Efile tax return for free         5. Efile tax return for free Subtract line 4 from line 1   5. Efile tax return for free         6. Efile tax return for free Enter your foreign earned income exclusion and/or housing  exclusion (Form 2555, line 45, or Form 2555-EZ, line 18)   6. Efile tax return for free         7. Efile tax return for free Enter your foreign housing deduction (Form 2555, line 50)   7. Efile tax return for free         8. Efile tax return for free Enter the amount of income from Puerto Rico you are excluding   8. Efile tax return for free         9. Efile tax return for free Enter the amount of income from American Samoa you are  excluding (Form 4563, line 15)   9. Efile tax return for free         10. Efile tax return for free Add lines 5 through 9. Efile tax return for free This is your modified adjusted gross income   10. Efile tax return for free     Note. Efile tax return for free If the amount on line 10 is more than $80,000 ($160,000 if married filing jointly),  you cannot take the deduction for tuition and fees. Efile tax return for free       This image is too large to be displayed in the current screen. Efile tax return for free Please click the link to view the image. Efile tax return for free Form 8917 for Tim Pfister Prev  Up  Next   Home   More Online Publications
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Understanding your CP01 Notice

We received the information that you provided and have verified your claim of identity theft. We have placed an identity theft indicator on your account.

Printable samples of this notice (PDF)

Tax publications you may find useful

How to get help

Calling the 1-800 number listed on the top right corner of your notice is the fastest way to get your questions answered.

You can also authorize someone (such as an accountant) to contact the IRS on your behalf using this Power of Attorney and Declaration of Representative (Form 2848).

Or you may qualify for help from a Low Income Taxpayer Clinic.
 


What you need to do

  • You need take no further action except continue to file your federal income tax returns as required by law.

You may want to...


Answers to Common Questions

What effect does the Identity Theft Indicator have on my account?
The indicator assists the IRS in identifying you as the valid owner of the Social Security Number (SSN) that is shown on your tax return. The indicator has no effect on your ability to file your tax return, make payments, or receive a refund.

What happens if someone else uses my SSN to file a fraudulent tax return?
The indicator that was placed on your account will alert us to research to make sure that a tax return filed with your SSN is valid. If the tax return is found to be invalid, we won't process it.

How long does the indicator remain on my account?
Because you were a victim of identity theft, to protect your tax account, the indicator will remain on your account unless you specifically request that it be removed.

Who should I contact if I have more questions about my account related to identity theft?
The Identity Theft Specialized Unit can assist you with questions regarding identity theft related to your account. You may call them at 1-800-908-4490. The number can also be found on your notice. For all other tax account related questions contact the IRS help desk at 1-800-829-1040.

Where can I find more information on preventing identity theft?


Tips for next year

File your return as you normally would. If we find that someone is attempting to use your SSN for filing a tax return we will notify you and provide you with a PIN to use when filing your return.

 

Page Last Reviewed or Updated: 27-Feb-2014

The Efile Tax Return For Free

Efile tax return for free Internal Revenue Bulletin:  2013-12  March 18, 2013  Rev. Efile tax return for free Proc. Efile tax return for free 2013-21 Table of Contents SECTION 1. Efile tax return for free PURPOSE SECTION 2. Efile tax return for free BACKGROUND SECTION 3. Efile tax return for free SCOPE SECTION 4. Efile tax return for free APPLICATION. Efile tax return for free 01 Limitations on Depreciation Deductions for Certain Automobiles. Efile tax return for free . Efile tax return for free 02 Inclusions in Income of Lessees of Passenger Automobiles. Efile tax return for free SECTION 5. Efile tax return for free EFFECTIVE DATE SECTION 6. Efile tax return for free DRAFTING INFORMATION SECTION 1. Efile tax return for free PURPOSE This revenue procedure provides: (1) limitations on depreciation deductions for owners of passenger automobiles first placed in service by the taxpayer during calendar year 2013, including separate tables of limitations on depreciation deductions for trucks and vans; and (2) the amounts that must be included in income by lessees of passenger automobiles first leased by the taxpayer during calendar year 2013, including a separate table of inclusion amounts for lessees of trucks and vans. Efile tax return for free The tables detailing these depreciation limitations and lessee inclusion amounts reflect the automobile price inflation adjustments required by § 280F(d)(7) of the Internal Revenue Code. Efile tax return for free SECTION 2. Efile tax return for free BACKGROUND . Efile tax return for free 01 For owners of passenger automobiles, § 280F(a) imposes dollar limitations on the depreciation deduction for the year the taxpayer places the passenger automobile in service and for each succeeding year. Efile tax return for free For passenger automobiles placed in service after 1988, § 280F(d)(7) requires the Internal Revenue Service to increase the amounts allowable as depreciation deductions by a price inflation adjustment amount. Efile tax return for free The method of calculating this price inflation amount for trucks and vans placed in service in or after calendar year 2003 uses a different CPI “automobile component” (the “new trucks” component) than that used in the price inflation amount calculation for other passenger automobiles (the “new cars” component), resulting in somewhat higher depreciation deductions for trucks and vans. Efile tax return for free This change reflects the higher rate of price inflation for trucks and vans since 1988. Efile tax return for free . Efile tax return for free 02 Section 331(a) of the American Taxpayer Relief Act of 2012, Pub. Efile tax return for free L. Efile tax return for free No. Efile tax return for free 112-240, 126 Stat. Efile tax return for free 2313 (Jan. Efile tax return for free 2, 2013) (the “Act”) extended the 50 percent additional first year depreciation deduction under § 168(k) to qualified property acquired by the taxpayer after December 31, 2007, and before January 1, 2014, if no written binding contract for the acquisition of the property existed before January 1, 2008, and if the taxpayer places the property in service generally before January 1, 2014. Efile tax return for free Section 168(k)(2)(F)(i) increases the first year depreciation allowed under § 280F(a)(1)(A)(i) by $8,000 for passenger automobiles to which the additional first year depreciation deduction under § 168(k) (hereinafter, referred to as “§ 168(k) additional first year depreciation deduction”) applies. Efile tax return for free . Efile tax return for free 03 Section 168(k)(2)(D)(i) provides that the § 168(k) additional first year depreciation deduction does not apply to any property required to be depreciated under the alternative depreciation system of § 168(g), including property described in § 280F(b)(1). Efile tax return for free Section 168(k)(2)(D)(iii) permits a taxpayer to elect out of the § 168(k) additional first year depreciation deduction for any class of property. Efile tax return for free Section 168(k)(4), as amended by the Act, permits a corporation to elect to increase the alternative minimum tax (“AMT”) credit limitation under § 53(c), instead of claiming the § 168(k) additional first year depreciation deduction for all eligible qualified property placed in service after December 31, 2012, that is round 3 extension property (as defined in § 168(k)(4)(J)(iv)). Efile tax return for free Accordingly, this revenue procedure provides tables for passenger automobiles for which the § 168(k) additional first year depreciation deduction applies. Efile tax return for free This revenue procedure also provides tables for passenger automobiles for which the § 168(k) additional first year depreciation deduction does not apply, either because taxpayer: (1) purchased the passenger automobile used; (2) did not use the passenger automobile during 2013 more than 50 percent for business purposes; (3) elected out of the § 168(k) additional first year depreciation deduction pursuant to § 168(k)(2)(D)(iii); or (4) elected to increase the § 53 AMT credit limitation in lieu of claiming § 168(k) additional first year depreciation. Efile tax return for free . Efile tax return for free 04 Section 280F(c) requires a reduction in the deduction allowed to the lessee of a leased passenger automobile. Efile tax return for free The reduction must be substantially equivalent to the limitations on the depreciation deductions imposed on owners of passenger automobiles. Efile tax return for free Under § 1. Efile tax return for free 280F-7(a) of the Income Tax Regulations, this reduction requires a lessee to include in gross income an amount determined by applying a formula to the amount obtained from a table. Efile tax return for free One table applies to lessees of trucks and vans and another table applies to all other passenger automobiles. Efile tax return for free Each table shows inclusion amounts for a range of fair market values for each taxable year after the passenger automobile is first leased. Efile tax return for free SECTION 3. Efile tax return for free SCOPE . Efile tax return for free 01 The limitations on depreciation deductions in section 4. Efile tax return for free 01(2) of this revenue procedure apply to passenger automobiles (other than leased passenger automobiles) that are placed in service by the taxpayer in calendar year 2013, and continue to apply for each taxable year that the passenger automobile remains in service. Efile tax return for free . Efile tax return for free 02 The tables in section 4. Efile tax return for free 02 of this revenue procedure apply to leased passenger automobiles for which the lease term begins during calendar year 2013. Efile tax return for free Lessees of these passenger automobiles must use these tables to determine the inclusion amount for each taxable year during which the passenger automobile is leased. Efile tax return for free See Rev. Efile tax return for free Proc. Efile tax return for free 2008-22, 2008-1 C. Efile tax return for free B. Efile tax return for free 658, for passenger automobiles first leased during calendar year 2008; Rev. Efile tax return for free Proc. Efile tax return for free 2009-24, 2009-17 I. Efile tax return for free R. Efile tax return for free B. Efile tax return for free 885, for passenger automobiles first leased during calendar year 2009; Rev. Efile tax return for free Proc. Efile tax return for free 2010-18, 2010-09 I. Efile tax return for free R. Efile tax return for free B. Efile tax return for free 427, as amplified and modified by section 4. Efile tax return for free 03 of Rev. Efile tax return for free Proc. Efile tax return for free 2011-21, 2011-12 I. Efile tax return for free R. Efile tax return for free B. Efile tax return for free 560, for passenger automobiles first leased during calendar year 2010; Rev. Efile tax return for free Proc. Efile tax return for free 2011-21, for passenger automobiles first leased during calendar year 2011; and Rev. Efile tax return for free Proc. Efile tax return for free 2012-23, 2012-14 I. Efile tax return for free R. Efile tax return for free B. Efile tax return for free 712, for passenger automobiles first leased during calendar year 2012. Efile tax return for free SECTION 4. Efile tax return for free APPLICATION . Efile tax return for free 01 Limitations on Depreciation Deductions for Certain Automobiles. Efile tax return for free (1) Amount of the inflation adjustment. Efile tax return for free (a) Passenger automobiles (other than trucks or vans). Efile tax return for free Under § 280F(d)(7)(B)(i), the automobile price inflation adjustment for any calendar year is the percentage (if any) by which the CPI automobile component for October of the preceding calendar year exceeds the CPI automobile component for October 1987. Efile tax return for free Section 280F(d)(7)(B)(ii) defines the term “CPI automobile component” as the automobile component of the Consumer Price Index for all Urban Consumers published by the Department of Labor. Efile tax return for free The new car component of the CPI was 115. Efile tax return for free 2 for October 1987 and 143. Efile tax return for free 787 for October 2012. Efile tax return for free The October 2012 index exceeded the October 1987 index by 28. Efile tax return for free 587. Efile tax return for free Therefore, the automobile price inflation adjustment for 2013 for passenger automobiles (other than trucks and vans) is 24. Efile tax return for free 8 percent (28. Efile tax return for free 587/115. Efile tax return for free 2 x 100%). Efile tax return for free The dollar limitations in § 280F(a) are multiplied by a factor of 0. Efile tax return for free 248, and the resulting increases, after rounding to the nearest $100, are added to the 1988 limitations to give the depreciation limitations applicable to passenger automobiles (other than trucks and vans) for calendar year 2013. Efile tax return for free This adjustment applies to all passenger automobiles (other than trucks and vans) that are first placed in service in calendar year 2013. Efile tax return for free (b) Trucks and vans. Efile tax return for free To determine the dollar limitations for trucks and vans first placed in service during calendar year 2013, the Service uses the new truck component of the CPI instead of the new car component. Efile tax return for free The new truck component of the CPI was 112. Efile tax return for free 4 for October 1987 and 149. Efile tax return for free 386 for October 2012. Efile tax return for free The October 2012 index exceeded the October 1987 index by 36. Efile tax return for free 986. Efile tax return for free Therefore, the automobile price inflation adjustment for 2013 for trucks and vans is 32. Efile tax return for free 9 percent (36. Efile tax return for free 986/112. Efile tax return for free 4 x 100%). Efile tax return for free The dollar limitations in § 280F(a) are multiplied by a factor of 0. Efile tax return for free 329, and the resulting increases, after rounding to the nearest $100, are added to the 1988 limitations to give the depreciation limitations for trucks and vans. Efile tax return for free This adjustment applies to all trucks and vans that are first placed in service in calendar year 2013. Efile tax return for free (2) Amount of the limitation. Efile tax return for free Tables 1 through 4 contain the dollar amount of the depreciation limitation for each taxable year for passenger automobiles a taxpayer places in service in calendar year 2013. Efile tax return for free Use Table 1 for a passenger automobile (other than a truck or van), and Table 2 for a truck or van, placed in service in calendar year 2013 for which the § 168(k) additional first year depreciation deduction applies. Efile tax return for free Use Table 3 for a passenger automobile (other than a truck or van), and Table 4 for a truck or van, placed in service in calendar year 2013 for which the § 168(k) additional first year depreciation deduction does not apply. Efile tax return for free REV. Efile tax return for free PROC. Efile tax return for free 2013-21 TABLE 1 DEPRECIATION LIMITATIONS FOR PASSENGER AUTOMOBILES (THAT ARE NOT TRUCKS OR VANS) PLACED IN SERVICE IN CALENDAR YEAR 2013 FOR WHICH THE § 168(k) ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION APPLIES Tax Year Amount 1st Tax Year $11,160 2nd Tax Year $5,100 3rd Tax Year $3,050 Each Succeeding Year $1,875 REV. Efile tax return for free PROC. Efile tax return for free 2013-21 TABLE 2 DEPRECIATION LIMITATIONS FOR TRUCKS AND VANS PLACED IN SERVICE IN CALENDAR YEAR 2013 FOR WHICH THE § 168(k) ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION APPLIES Tax Year Amount 1st Tax Year $11,360 2nd Tax Year $5,400 3rd Tax Year $3,250 Each Succeeding Year $1,975 REV. Efile tax return for free PROC. Efile tax return for free 2013-21 TABLE 3 DEPRECIATION LIMITATIONS FOR PASSENGER AUTOMOBILES (THAT ARE NOT TRUCKS OR VANS) PLACED IN SERVICE IN CALENDAR YEAR 2013 FOR WHICH THE § 168(k) ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION DOES NOT APPLY Tax Year Amount 1st Tax Year $3,160 2nd Tax Year $5,100 3rd Tax Year $3,050 Each Succeeding Year $1,875 REV. Efile tax return for free PROC. Efile tax return for free 2013-21 TABLE 4 DEPRECIATION LIMITATIONS FOR TRUCKS AND VANS PLACED IN SERVICE IN CALENDAR YEAR 2013 FOR WHICH THE § 168(k) ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION DOES NOT APPLY Tax Year Amount 1st Tax Year $3,360 2nd Tax Year $5,400 3rd Tax Year $3,250 Each Succeeding Year $1,975 . Efile tax return for free 02 Inclusions in Income of Lessees of Passenger Automobiles. Efile tax return for free A taxpayer must follow the procedures in § 1. Efile tax return for free 280F-7(a) for determining the inclusion amounts for passenger automobiles first leased in calendar year 2013. Efile tax return for free In applying these procedures, lessees of passenger automobiles other than trucks and vans should use Table 5 of this revenue procedure, while lessees of trucks and vans should use Table 6 of this revenue procedure. Efile tax return for free REV. Efile tax return for free PROC. Efile tax return for free 2013-21 TABLE 5 DOLLAR AMOUNTS FOR PASSENGER AUTOMOBILES (THAT ARE NOT TRUCKS OR VANS) WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2013 Fair Market Value of Passenger Automobile Tax Year During Lease Over Not Over 1st 2nd 3rd 4th 5th & later $19,000 $19,500 2 4 6 7 8 19,500 20,000 2 5 6 9 9 20,000 20,500 2 5 8 9 11 20,500 21,000 3 6 8 10 12 21,000 21,500 3 6 10 11 13 21,500 22,000 3 7 10 13 14 22,000 23,000 4 8 11 14 16 23,000 24,000 4 9 14 16 18 24,000 25,000 5 10 15 18 21 25,000 26,000 5 12 16 21 23 26,000 27,000 6 12 19 23 25 27,000 28,000 6 14 20 25 28 28,000 29,000 7 15 22 27 30 29,000 30,000 7 16 24 29 33 30,000 31,000 8 17 26 31 35 31,000 32,000 8 19 27 33 38 32,000 33,000 9 20 29 35 40 33,000 34,000 10 21 31 37 43 34,000 35,000 10 22 33 39 45 35,000 36,000 11 23 35 41 48 36,000 37,000 11 25 36 43 50 37,000 38,000 12 26 38 45 53 38,000 39,000 12 27 40 47 55 39,000 40,000 13 28 42 49 58 40,000 41,000 13 29 44 52 59 41,000 42,000 14 30 45 54 63 42,000 43,000 14 32 47 56 64 43,000 44,000 15 33 48 59 67 44,000 45,000 15 34 51 60 69 45,000 46,000 16 35 52 63 72 46,000 47,000 17 36 54 65 74 47,000 48,000 17 38 55 67 77 48,000 49,000 18 39 57 69 79 49,000 50,000 18 40 59 71 82 50,000 51,000 19 41 61 73 84 51,000 52,000 19 42 63 75 87 52,000 53,000 20 43 65 77 89 53,000 54,000 20 45 66 79 92 54,000 55,000 21 46 68 81 94 55,000 56,000 21 47 70 84 96 56,000 57,000 22 48 72 85 99 57,000 58,000 22 50 73 88 101 58,000 59,000 23 51 75 90 103 59,000 60,000 24 52 76 92 106 60,000 62,000 24 54 79 95 110 62,000 64,000 25 56 83 99 115 64,000 66,000 27 58 87 103 120 66,000 68,000 28 60 90 108 125 68,000 70,000 29 63 93 112 130 70,000 72,000 30 65 97 117 134 72,000 74,000 31 68 100 121 139 74,000 76,000 32 70 104 125 144 76,000 78,000 33 73 107 129 149 78,000 80,000 34 75 111 133 154 80,000 85,000 36 79 117 141 162 85,000 90,000 39 85 126 151 174 90,000 95,000 41 91 135 162 186 95,000 100,000 44 97 144 172 199 100,000 110,000 48 106 157 188 217 110,000 120,000 53 118 174 210 241 120,000 130,000 59 129 193 230 266 130,000 140,000 64 141 210 252 290 140,000 150,000 70 153 227 273 315 150,000 160,000 75 165 245 294 339 160,000 170,000 80 177 263 315 363 170,000 180,000 86 189 280 336 388 180,000 190,000 91 201 298 357 412 190,000 200,000 97 212 316 378 436 200,000 210,000 102 224 333 400 461 210,000 220,000 107 236 351 420 486 220,000 230,000 113 248 368 442 509 230,000 240,000 118 260 386 463 534 240,000 And up 124 272 403 484 558 REV. Efile tax return for free PROC. Efile tax return for free 2013-21 TABLE 6 DOLLAR AMOUNTS FOR TRUCKS AND VANS WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2013 Fair Market Value of Truck or Van Tax Year During Lease Over Not Over 1st 2nd 3rd 4th 5th & later $19,000 $19,500 1 3 4 5 6 19,500 20,000 2 3 5 6 7 20,000 20,500 2 4 6 7 8 20,500 21,000 2 5 7 8 9 21,000 21,500 2 5 8 9 11 21,500 22,000 3 6 8 10 12 22,000 23,000 3 7 10 11 14 23,000 24,000 4 8 11 14 16 24,000 25,000 4 9 14 16 18 25,000 26,000 5 10 15 18 21 26,000 27,000 5 12 17 20 23 27,000 28,000 6 13 18 23 25 28,000 29,000 6 14 20 25 28 29,000 30,000 7 15 22 27 30 30,000 31,000 7 16 24 29 33 31,000 32,000 8 17 26 31 35 32,000 33,000 8 19 27 33 38 33,000 34,000 9 20 29 35 41 34,000 35,000 10 21 31 37 43 35,000 36,000 10 22 33 39 46 36,000 37,000 11 23 35 41 48 37,000 38,000 11 25 36 43 51 38,000 39,000 12 26 38 45 53 39,000 40,000 12 27 40 48 55 40,000 41,000 13 28 42 49 58 41,000 42,000 13 29 44 52 60 42,000 43,000 14 30 46 54 62 43,000 44,000 14 32 47 56 65 44,000 45,000 15 33 48 59 67 45,000 46,000 15 34 51 60 70 46,000 47,000 16 35 52 63 72 47,000 48,000 17 36 54 65 74 48,000 49,000 17 38 55 67 77 49,000 50,000 18 39 57 69 79 50,000 51,000 18 40 59 71 82 51,000 52,000 19 41 61 73 84 52,000 53,000 19 42 63 75 87 53,000 54,000 20 43 65 77 89 54,000 55,000 20 45 66 80 91 55,000 56,000 21 46 68 81 94 56,000 57,000 21 47 70 84 96 57,000 58,000 22 48 72 86 98 58,000 59,000 22 50 73 88 101 59,000 60,000 23 51 75 90 103 60,000 62,000 24 52 78 93 108 62,000 64,000 25 55 81 97 113 64,000 66,000 26 57 85 101 118 66,000 68,000 27 60 88 106 122 68,000 70,000 28 62 92 110 127 70,000 72,000 29 64 96 114 132 72,000 74,000 30 67 99 118 137 74,000 76,000 31 69 103 122 142 76,000 78,000 32 72 105 127 147 78,000 80,000 34 73 110 131 151 80,000 85,000 35 78 116 138 160 85,000 90,000 38 84 124 149 172 90,000 95,000 41 90 133 160 184 95,000 100,000 44 95 142 171 196 100,000 110,000 48 104 156 186 214 110,000 120,000 53 116 173 207 240 120,000 130,000 58 128 191 228 264 130,000 140,000 64 140 208 249 288 140,000 150,000 69 152 226 270 313 150,000 160,000 75 164 243 292 336 160,000 170,000 80 176 261 312 361 170,000 180,000 85 188 278 334 386 180,000 190,000 91 199 296 355 410 190,000 200,000 96 211 314 376 434 200,000 210,000 101 223 332 397 459 210,000 220,000 107 235 349 418 483 220,000 230,000 112 247 367 439 507 230,000 240,000 118 259 384 460 532 240,000 And up 123 271 401 482 556 SECTION 5. Efile tax return for free EFFECTIVE DATE This revenue procedure applies to passenger automobiles that a taxpayer first places in service or first leases during calendar year 2013. Efile tax return for free SECTION 6. Efile tax return for free DRAFTING INFORMATION The principal author of this revenue procedure is Bernard P. Efile tax return for free Harvey of the Office of Associate Chief Counsel (Income Tax & Accounting). Efile tax return for free For further information regarding this revenue procedure, contact Mr. Efile tax return for free Harvey at (202) 622-4930 (not a toll-free call). Efile tax return for free Prev  Up  Next   Home   More Internal Revenue Bulletins