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Electronic State Tax Filing

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Electronic State Tax Filing

Electronic state tax filing Part Six -   Cómo Calcular los Impuestos y Créditos Los ocho capítulos de esta sección explican cómo calcular sus impuestos y cómo calcular los impuestos de determinados hijos con ingresos no derivados del trabajo de $2,000 o más. Electronic state tax filing Explican también créditos tributarios que, a diferencia de las deducciones, se restan directamente de los impuestos y los disminuyen, dólar por dólar. Electronic state tax filing El capítulo 36 trata sobre el crédito por ingreso del trabajo y el capítulo 37 abarca una amplia gama de otros créditos, como por ejemplo, el crédito por adopción. Electronic state tax filing Table of Contents 30. Electronic state tax filing   Cómo Calcular los ImpuestosIntroduction Cómo Calcular los Impuestos Impuesto Mínimo Alternativo (AMT) Impuestos Calculados por el IRS Cómo Presentar la Declaración 31. Electronic state tax filing   Impuesto sobre Ingresos No Derivados del Trabajo de Determinados Hijos¿Que Hay de Nuevo? Introduction Useful Items - You may want to see: Cómo Saber si se Tiene que Utilizar la Declaración del Padre o de la MadrePadres que no Presentan la Declaración Conjunta Elección de los Padres de Declarar los Intereses y Dividendos del HijoConsecuencias de Incluir los Ingresos del Hijo Cómo Calcular los Ingresos del Hijo Cómo Calcular el Impuesto Adicional Impuesto para Determinados Hijos con Ingresos No Derivados del TrabajoCómo Facilitar Información sobre los Padres (líneas A-C del Formulario 8615) Paso 1. Electronic state tax filing Cómo Calcular los Ingresos Netos No Derivados del Trabajo del Hijo (Parte I del Formulario 8615) Paso 2. Electronic state tax filing Cómo Calcular el Impuesto Provisional a la Tasa Impositiva de los Padres (Parte II del Formulario 8615) Paso 3. Electronic state tax filing Cómo Calcular el Impuesto del Hijo (Parte III del Formulario 8615) 32. Electronic state tax filing   Crédito por Gastos del Cuidado de Menores y DependientesRecordatorios Introduction Useful Items - You may want to see: Requisitos Para Reclamar el CréditoRequisitos de la Persona Calificada Requisito del Ingreso del Trabajo Requisito de Gastos Relacionados con el Trabajo Requisito de la Declaración Conjunta Requisito de Identificación del Proveedor de Cuidados Cómo Calcular el CréditoCómo Calcular el Total de los Gastos Relacionados con el Trabajo Límite del Ingreso del Trabajo Límite de Dinero Cantidad de Crédito Cómo Reclamar el CréditoCrédito tributario no reembolsable. Electronic state tax filing Impuestos sobre la Nómina para Empleadores de Empleados Domésticos 33. Electronic state tax filing   Crédito para Ancianos o Personas IncapacitadasIntroduction Useful Items - You may want to see: ¿Reúne los Requisitos del Crédito?Persona que Reúne los Requisitos Límites sobre los Ingresos Cómo Reclamar el CréditoEl Crédito Calculado por el IRS El Crédito Calculado por Usted Mismo 34. Electronic state tax filing   Crédito Tributario por HijosIntroduction Useful Items - You may want to see: Hijo Calificado Cantidad de CréditoLímites del Crédito Cómo Reclamar el Crédito Crédito Tributario Adicional por Hijos Cómo Completar el Anexo 8812 (Formulario 1040A o Formulario 1040)Parte I Partes II a IV 35. Electronic state tax filing   Créditos Tributarios por EstudiosIntroduction Useful Items - You may want to see: ¿Quién Puede Reclamar un Crédito Tributario por Estudios? Gastos de Estudios CalificadosNo se Permite Beneficio Doble Ajustes a los Gastos de Estudios Calificados 36. Electronic state tax filing   Crédito por Ingreso del Trabajo (EIC) Qué Hay de Nuevo Recordatorios Introduction Useful Items - You may want to see: ¿Reúne los Requisitos para el Crédito?Si se Hizo una Solicitud Indebida del Crédito en un Año Anterior Parte A. Electronic state tax filing Requisitos para TodosRequisito 1. Electronic state tax filing Tiene que Tener Ingresos Brutos Ajustados Inferiores a: Requisito 2. Electronic state tax filing Tiene que tener un número de Seguro Social válido Requisito 3. Electronic state tax filing Su Estado Civil para Efectos de la Declaración no Puede Ser Casado que Presenta la Declaración por Separado Requisito 4. Electronic state tax filing Tiene que Ser Ciudadano o Extranjero Residente de los Estados Unidos Durante Todo el Año Requisito 5. Electronic state tax filing No Puede Presentar el Formulario 2555 ni el Formulario 2555-EZ Requisito 6. Electronic state tax filing Tiene que Tener Ingresos de Inversiones de $3,300 o Menos Requisito 7. Electronic state tax filing Tiene que Haber Recibido Ingresos del Trabajo Parte B. Electronic state tax filing Requisitos si Tiene un Hijo CalificadoRequisito 8. Electronic state tax filing Su Hijo Tiene que Cumplir los Requisitos de Parentesco, Edad, Residencia y de la Declaración Conjunta Requisito 9. Electronic state tax filing Para Reclamar el Crédito por Ingreso del Trabajo, Sólo una Persona Puede Basarse en el Hijo Calificado de Usted Requisito 10. Electronic state tax filing Otro Contribuyente no Puede Reclamarlo a Usted como Hijo Calificado Parte C. Electronic state tax filing Requisitos si no Tiene un Hijo CalificadoRequisito 11. Electronic state tax filing Tiene que Tener por lo Menos 25 Años pero Menos de 65 Años Requisito 12. Electronic state tax filing No Puede Ser el Dependiente de Otra Persona Requisito 13. Electronic state tax filing Otro Contribuyente no Puede Reclamarlo a Usted como Hijo Calificado Requisito 14. Electronic state tax filing Tiene que Haber Vivido en los Estados Unidos durante más de la Mitad del Año Parte D. Electronic state tax filing Cómo Calcular y Reclamar el Crédito por Ingreso del TrabajoRequisito 15. Electronic state tax filing Su Ingreso del Trabajo Tiene que Ser Menos de: El IRS Puede Calcularle el Crédito por Ingreso del Trabajo Cómo Calcular Usted Mismo el Crédito por Ingreso del Trabajo EjemplosEjemplo 1. Electronic state tax filing Juan y Julia Martínez (Formulario 1040A) Ejemplo 2. Electronic state tax filing Carla Robles (Formulario 1040EZ) 37. Electronic state tax filing   Otros CréditosQué Hay de Nuevo Introduction Useful Items - You may want to see: Créditos no ReembolsablesCrédito por Adopción Crédito por Vehículo Motorizado Alternativo Crédito por Bienes de Reabastecimiento de Vehículos con Combustible Alternativo Crédito para Titulares de Bonos de Crédito Tributario Crédito por Impuestos Extranjeros Crédito por Intereses Hipotecarios Crédito no Reembolsable del Impuesto Mínimo de Años Anteriores Crédito por Vehículos Enchufables con Motor de Dirección Eléctrica Créditos por Energía de la Propiedad Residencial Crédito por Aportaciones a Cuentas de Ahorro para la Jubilación (Crédito del Ahorrador) Créditos ReembolsablesCrédito por el Impuesto sobre Ganancias de Capital no Distribuidas Crédito Tributario por Cobertura del Seguro Médico Crédito por Retención en Exceso del Impuesto del Seguro Social o del Impuesto de la Jubilación Ferroviaria Prev  Up  Next   Home   More Online Publications
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The Electronic State Tax Filing

Electronic state tax filing Car Expenses Table of Contents Introduction Depreciation of CarSpecial Depreciation Allowance Depreciation Limit Amended Return Election Not To Claim Special Allowance If you purchased a car after September 10, 2001, for use in your business (or as an employee) and figure your deductible expenses using the actual car expense method, new law contains provisions that may affect your depreciation deduction for that car. Electronic state tax filing Publication 463, Travel, Entertainment, Gift, and Car Expenses, contains information on figuring depreciation on your car. Electronic state tax filing However, Publication 463 does not contain the new provisions because it was printed before the law was enacted. Electronic state tax filing The new provisions are in the Supplement to Publication 463, which is reprinted below. Electronic state tax filing Supplement to Publication 463 Travel, Entertainment, Gift, and Car Expenses   Introduction This supplemental publication is for taxpayers who purchased a car for business purposes after September 10, 2001, and figure their deductible expenses, including a deduction for depreciation, using the actual car expense method. Electronic state tax filing After Publication 463 was printed, the Job Creation and Worker Assistance Act of 2002 was signed into law by the President. Electronic state tax filing Certain provisions of this new law may reduce your taxes for 2001. Electronic state tax filing The new law contains the following provisions. Electronic state tax filing A new depreciation deduction, the special depreciation allowance. Electronic state tax filing An increase in the limit on depreciation for any car for which you claim the new special depreciation allowance. Electronic state tax filing If you have already filed your 2001 return, you may wish to file an amended return to claim any of these benefits. Electronic state tax filing See Amended Return, later. Electronic state tax filing Depreciation of Car If you used the actual car expense method to figure your deduction for a car you own and use in your business (or as an employee), you generally can claim a depreciation deduction. Electronic state tax filing However, there is a limit on the depreciation deduction you can take for your car each year. Electronic state tax filing See Depreciation Limit later. Electronic state tax filing Special Depreciation Allowance The new law allows you to claim a special depreciation allowance. Electronic state tax filing This special allowance is a deduction equal to 30% of the depreciable basis of qualified property. Electronic state tax filing You figure the amount of the special depreciation allowance after any section 179 deduction you choose to claim, but before figuring your regular depreciation deduction under the Modified Accelerated Cost Recovery System (MACRS). Electronic state tax filing See Depreciation Deduction under Actual Car Expenses in chapter 4 of Publication 463 for information about MACRS. Electronic state tax filing You can claim the special depreciation allowance only for the year the qualified property is placed in service. Electronic state tax filing Qualified property. Electronic state tax filing   Qualified property includes a car (any four-wheeled vehicle, including a truck or van not more than 6,000 pounds, that is made primarily for use on public streets, roads, and highways) that meets all of the following requirements. Electronic state tax filing You bought it new. Electronic state tax filing You bought it after September 10, 2001. Electronic state tax filing (But a car is not qualified property if a binding written contract for you to buy the car was in effect before September 11, 2001. Electronic state tax filing ) You began using it for business after September 10, 2001, and used it more than 50% in a qualified business use. Electronic state tax filing Example. Electronic state tax filing Bob bought a new car on October 15, 2001, for $20,000 and placed it in service immediately, using it 75% for business. Electronic state tax filing Bob's car is qualified property. Electronic state tax filing Bob chooses not to take a section 179 deduction for the car. Electronic state tax filing He does claim the new special depreciation allowance. Electronic state tax filing Bob first must figure the car's depreciable basis, which is $15,000 ($20,000 × . Electronic state tax filing 75). Electronic state tax filing He then figures the special depreciation allowance of $4,500 ($15,000 × . Electronic state tax filing 30). Electronic state tax filing The remaining depreciable basis of $10,500 ($15,000 - $4,500) is depreciated using MACRS (200% declining balance method, half-year convention) and results in a deduction of $2,100 ($10,500 × . Electronic state tax filing 20), for a total depreciation deduction for 2001 of $6,600 ($4,500 + $2,100). Electronic state tax filing However, Bob's depreciation deduction is limited to $5,745 ($7,660 × . Electronic state tax filing 75), as discussed next. Electronic state tax filing Depreciation Limit The limit on your depreciation deduction for 2001 is increased to $7,660 for a car that is qualified property (defined above) and for which you claim the special depreciation allowance. Electronic state tax filing The limit is increased to $23,080 if the car is an electric car. Electronic state tax filing The section 179 deduction is treated as depreciation for purposes of this limit. Electronic state tax filing If you use a car less than 100% in your business or work, the limit is $7,660 (or $23,080 for an electric car) multiplied by the percentage of business and investment use during the year. Electronic state tax filing For cars that do not qualify for (or for which you choose not to claim) the special depreciation allowance, the limit remains $3,060 ($9,280 for electric cars). Electronic state tax filing Amended Return If you filed your 2001 calendar year return before June 1, 2002, and did not claim the new special depreciation allowance for a qualified car, you can claim it by filing an amended return on Form 1040X, Amended U. Electronic state tax filing S. Electronic state tax filing Individual Income Tax Return, by April 15, 2003. Electronic state tax filing At the top of the Form 1040X, print “Filed pursuant to Revenue Procedure 2002–33. Electronic state tax filing ” If you are an employee, attach Form 2106, Employee Business Expenses (revised March 2002). Electronic state tax filing If you are self-employed, attach Form 4562, Depreciation and Amortization (revised March 2002). Electronic state tax filing Or, you can claim the special depreciation allowance by filing Form 3115, Application for Change in Accounting Method, with your 2002 return. Electronic state tax filing For details, see Revenue Procedure 2002–33. Electronic state tax filing (But, filing Form 1040X for 2001 enables you to claim the special allowance earlier than attaching Form 3115 to your 2002 return. Electronic state tax filing ) You cannot claim the special depreciation allowance on an amended return (or by using Form 3115) if you made, or are treated as having made, the election not to claim it described later. Electronic state tax filing Example. Electronic state tax filing The facts are the same as in the previous example except that Bob filed his original 2001 income tax return on April 15, 2002, and claimed a $3,000 ($20,000 x . Electronic state tax filing 75 x . Electronic state tax filing 20) depreciation deduction for his new car using MACRS. Electronic state tax filing Bob now wishes to claim the special depreciation allowance for his new car on an amended 2001 return. Electronic state tax filing Bob, who is an employee, files Form 1040X, by April 15, 2003, with an updated Form 2106 (revised March 2002) attached, increasing his total depreciation deduction to $5,745, as figured in the earlier example. Electronic state tax filing Bob's new filled-in Form 2106 is shown later. Electronic state tax filing Election Not To Claim Special Allowance You can elect not to claim the special depreciation allowance for a car by making a statement attached to, or written on, your return indicating that you are electing not to claim the special depreciation allowance for 5-year property. Electronic state tax filing As a general rule, you must make this election by the due date (including extensions) of your return. Electronic state tax filing You can have an automatic extension of 6 months from the due date of your return (excluding extensions) to make the election with an amended return. Electronic state tax filing To get this extension, you must have filed your original return by the due date (including extensions). Electronic state tax filing At the top of the statement, print “Filed pursuant to section 301. Electronic state tax filing 9100–2. Electronic state tax filing ” If you elect not to claim the special depreciation allowance for a car, you cannot claim it for any other 5-year property placed in service during the same year. Electronic state tax filing Unless you elect (or are treated as electing) not to claim the special depreciation allowance, you must reduce the car's adjusted basis by the amount of the allowance, even if the allowance was not claimed. Electronic state tax filing Deemed election for return filed before June 1, 2002. Electronic state tax filing   If you did not make the election not to claim the special depreciation allowance in the time and manner described above, you will still be treated as electing not to claim it if all of the following apply. Electronic state tax filing You filed your 2001 return before June 1, 2002. Electronic state tax filing You claimed depreciation on your return but did not claim the special depreciation allowance. Electronic state tax filing You did not file an amended 2001 return by April 15, 2003, or a Form 3115 with your 2002 return, to claim the special depreciation allowance. Electronic state tax filing Form 2106, Page 1, for Bob Smith Form 2106, Page 2, for Bob Smith Prev  Up  Next   Home   More Online Publications