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Federal Tax Form 1040ez

Irs Form 1040ez FillableFederal Income Tax Forms 2011Ez 1040 Online1040ez 2011Free Income Tax PreparationFiling A Tax Amendment OnlineFile Taxes Online For 20122013 Ez Tax FormIrs Amended Return InstructionsEfile Tax Return For FreeEz Tax FormsInternational Student Tax ReturnTurbo State Tax FreeFile Your 2011 Taxes For FreeFreefilefillableforms ComEfile 2012 Tax Return FreeSample 1040ezAmended Tax ReturnState Income Tax Form 2012H & R Block Tax Software1040x 2012 Tax FormAmend Tax Return For FreeHow Do I File State Taxes For FreeFile Taxes Free Online1040ez Instructions 2010Free E File Tax Extension2012 TaxHow To Amend Federal Income Tax ReturnFiling 2006 Taxes Late FreeHow To File An Amended Tax ReturnWhere To File 2012 Tax ReturnFile 2007 Fed Income TaxInstructions For Filing An Amended Tax ReturnH And R Block Free FileFree Income Tax Filing For SeniorsCan I Amend My 2009 Tax ReturnHow To File A Revised Tax ReturnDo Unemployed People File TaxesTax Amendment DeadlineNeed File 2010 Taxes

Federal Tax Form 1040ez

Federal tax form 1040ez Index A Affiliated corporations, Aircraft used by affiliated corporations. Federal tax form 1040ez Agri-biodiesel, defined, Agri-biodiesel. Federal tax form 1040ez Air transportation taxes, Air Transportation Taxes 225-mile-zone rule, Taxable transportation. Federal tax form 1040ez Alaska, Transportation between the continental U. Federal tax form 1040ez S. Federal tax form 1040ez and Alaska or Hawaii. Federal tax form 1040ez , Transportation within Alaska or Hawaii. Federal tax form 1040ez , Alaska and Hawaii. Federal tax form 1040ez Baggage, Excess baggage. Federal tax form 1040ez Bonus tickets, Bonus tickets. Federal tax form 1040ez Credits or refunds, Credits or refunds. Federal tax form 1040ez Exemptions, Exemptions. Federal tax form 1040ez Export, Exportation. Federal tax form 1040ez Fixed-wing aircraft, Fixed-wing aircraft uses. Federal tax form 1040ez Hawaii, Transportation between the continental U. Federal tax form 1040ez S. Federal tax form 1040ez and Alaska or Hawaii. Federal tax form 1040ez , Transportation within Alaska or Hawaii. Federal tax form 1040ez , Alaska and Hawaii. Federal tax form 1040ez Helicopters, Certain helicopter uses. Federal tax form 1040ez , Transportation of Property by Air International air travel facilities, International Air Travel Facilities Military personnel, Military personnel on international trips. Federal tax form 1040ez Package tours, Package tours. Federal tax form 1040ez Persons by air, Transportation of Persons by Air Persons liable, Liability for tax. Federal tax form 1040ez , Liability for tax. Federal tax form 1040ez Property by air, Transportation of Property by Air Tax rates, Transportation of Persons by Air Taxable transportation, Taxable transportation. Federal tax form 1040ez Travel agency, Liability for tax. Federal tax form 1040ez Uninterrupted international, Uninterrupted international air transportation. Federal tax form 1040ez Aircraft, Fixed-wing aircraft uses. Federal tax form 1040ez Affiliated corporations, Aircraft used by affiliated corporations. Federal tax form 1040ez Small planes, Small aircraft. Federal tax form 1040ez Aircraft museum, In an aircraft or vehicle owned by an aircraft museum (No. Federal tax form 1040ez 15). Federal tax form 1040ez Alaska Air transportation taxes, Transportation between the continental U. Federal tax form 1040ez S. Federal tax form 1040ez and Alaska or Hawaii. Federal tax form 1040ez Tax on diesel fuel or kerosene, Removal for sale or use in Alaska. Federal tax form 1040ez Alcohol and tobacco taxes, Excise Taxes Not Covered Alternative fuel credit, Alternative fuel credit. Federal tax form 1040ez Alternative fuel, defined, Other fuels. Federal tax form 1040ez American Red Cross, International organizations and the American Red Cross. Federal tax form 1040ez Answering service, Answering services. Federal tax form 1040ez Appeal procedures, Examination and Appeal Procedures Approved refinery, defined, Approved terminal or refinery. Federal tax form 1040ez Approved terminal, defined, Approved terminal or refinery. Federal tax form 1040ez Arrow shafts, Arrow Shafts Assistance (see Tax help) Aviation gasoline, defined, Aviation gasoline. Federal tax form 1040ez B Back-up tax, Back-up Tax Biodiesel, defined, Biodiesel. Federal tax form 1040ez Blended taxable fuel, defined, Blended taxable fuel. Federal tax form 1040ez Blender, defined, Blender. Federal tax form 1040ez Blocked pump, Blocked pump. Federal tax form 1040ez Blood collector organizations, qualified, Exclusive use by a qualified blood collector organization (No. Federal tax form 1040ez 11). Federal tax form 1040ez , Qualified blood collector organizations. Federal tax form 1040ez Boats, In a boat engaged in commercial fishing (No. Federal tax form 1040ez 4). Federal tax form 1040ez Bonus tickets, Bonus tickets. Federal tax form 1040ez Bows, Quivers, Broadheads, and Points, Bows, Quivers, Broadheads, and Points Bulk transfer, defined, Bulk transfer. Federal tax form 1040ez Bulk transfer/terminal system, defined, Bulk transfer/terminal system. Federal tax form 1040ez Buses, In certain intercity and local buses (No. Federal tax form 1040ez 5). Federal tax form 1040ez , In a qualified local bus (No. Federal tax form 1040ez 6). Federal tax form 1040ez , In a school bus (No. Federal tax form 1040ez 7). Federal tax form 1040ez Tire tax, Qualifying intercity or local bus. Federal tax form 1040ez C Cellulosic biofuel, Cellulosic biofuel. Federal tax form 1040ez Chemicals, ozone-depleting, Environmental Taxes Claims Claiming a credit, Claiming a Credit on Form 4136 Claiming a refund, Claiming A Refund Filing claims, Filing Claims Coal Blending, Blending. Federal tax form 1040ez Exemptions, Exemption from tax. Federal tax form 1040ez Producer, Coal Production, Coal production. Federal tax form 1040ez Selling price, Determining tonnage or selling price. Federal tax form 1040ez Tax rates, Tax rates. Federal tax form 1040ez Coin-operated telephones, Coin-operated telephones. Federal tax form 1040ez Comments, Comments and suggestions. Federal tax form 1040ez Commercial aviation, In commercial aviation (other than foreign trade). Federal tax form 1040ez Commercial fishing, In a boat engaged in commercial fishing (No. Federal tax form 1040ez 4). Federal tax form 1040ez Commercial waterway transportation, Commercial waterway transportation. Federal tax form 1040ez Communications taxes Credits or refunds, Credits or Refunds Exemptions, Exemptions Figuring the tax, Figuring the tax. Federal tax form 1040ez Local telephone service, Local telephone service. Federal tax form 1040ez Local-only service, Local-only service. Federal tax form 1040ez Private communication service, Private communication service. Federal tax form 1040ez Teletypewriter exchange service, Teletypewriter exchange service. Federal tax form 1040ez Credit card purchases Aviation gasoline, Credit card purchases. Federal tax form 1040ez Gasoline, Credit card purchases. Federal tax form 1040ez Kerosene for use in aviation, Credit card purchases. Federal tax form 1040ez Undyed diesel fuel, Credit Card Purchases. Federal tax form 1040ez Undyed kerosene, Credit Card Purchases. Federal tax form 1040ez Credit or refund Gas guzzler tax, Credit or refund. Federal tax form 1040ez Manufacturers taxes, Credits or Refunds Resale of tax-paid semitrailers, Tax on resale of tax-paid trailers and semitrailers. Federal tax form 1040ez Retail tax, Credits or refunds. Federal tax form 1040ez Tire tax, Credit or refund. Federal tax form 1040ez Vaccines, Credit or refund. Federal tax form 1040ez Credits, Claiming a Credit on Form 4136 D Deposits Net tax liability, Amount of Deposits Deposits, How to make, How To Make Deposits Diesel fuel Definitions, Diesel Fuel and Kerosene Exported, Diesel Fuel and Kerosene Diesel-water fuel emulsion, defined, Diesel-water fuel emulsion. Federal tax form 1040ez Dyed diesel fuel, Dyed Diesel Fuel and Dyed Kerosene Dyed kerosene, Dyed Diesel Fuel and Dyed Kerosene E Electric outboard motors, Electric outboard boat motors. Federal tax form 1040ez Enterer, defined, Enterer. Federal tax form 1040ez Entry, defined, Entry. Federal tax form 1040ez Environmental taxes Credit or refund, Credits or refunds. Federal tax form 1040ez Exceptions, Exceptions. Federal tax form 1040ez Ozone-depleting chemicals (ODCs), Environmental Taxes United States (defined), Environmental Taxes Examination procedures, Examination and Appeal Procedures Excluded liquid, Diesel Fuel and Kerosene Exempt articles, retail tax, Articles exempt from tax. Federal tax form 1040ez Exempt communication services American Red Cross, International organizations and the American Red Cross. Federal tax form 1040ez Answering service, Answering services. Federal tax form 1040ez Coin-operated telephones, Coin-operated telephones. Federal tax form 1040ez Installation charges, Installation charges. Federal tax form 1040ez International organizations, International organizations and the American Red Cross. Federal tax form 1040ez Mobile radio telephone service, Mobile radio telephone service. Federal tax form 1040ez News services, News services. Federal tax form 1040ez Nonprofit educational organizations, Nonprofit educational organizations. Federal tax form 1040ez Nonprofit hospitals, Nonprofit hospitals. Federal tax form 1040ez Private communication service, Private communication service. Federal tax form 1040ez Qualified blood collector organizations, Qualified blood collector organizations. Federal tax form 1040ez Radio broadcasts, News services. Federal tax form 1040ez Security systems, Telephone-operated security systems. Federal tax form 1040ez Exempt sales, heavy trucks, Sales exempt from tax. Federal tax form 1040ez Exemptions Air transportation taxes, Exemptions. Federal tax form 1040ez Bonus tickets, Bonus tickets. Federal tax form 1040ez Coal, Exemption from tax. Federal tax form 1040ez Communications taxes, Exemptions Federal government, Federal, state, and local government. Federal tax form 1040ez Fixed-wing aircraft, Fixed-wing aircraft uses. Federal tax form 1040ez For export, Exemptions Further manufacturing, Exemptions Helicopters, Certain helicopter uses. Federal tax form 1040ez Indian handicrafts, Exemptions Indian tribal governments, Federal, state, and local government. Federal tax form 1040ez Military personnel, Military personnel on international trips. Federal tax form 1040ez Nonprofit educational organizations, Federal, state, and local government. Federal tax form 1040ez , Exemptions Qualified blood collector organizations, Exemptions State and local governments, Federal, state, and local government. Federal tax form 1040ez , Exemptions Taxable tires, Tires exempt from tax. Federal tax form 1040ez Vessel supplies, Exemptions Export, Export (No. Federal tax form 1040ez 3). Federal tax form 1040ez Exported taxable fuel, Exported taxable fuel. Federal tax form 1040ez F Farming, On a farm for farming purposes (No. Federal tax form 1040ez 1). Federal tax form 1040ez Federal government, Federal, state, and local government. Federal tax form 1040ez Fishing, In a boat engaged in commercial fishing (No. Federal tax form 1040ez 4). Federal tax form 1040ez Fishing rods and fishing poles. Federal tax form 1040ez , Fishing rods and fishing poles. Federal tax form 1040ez Fishing tackle boxes, Fishing tackle boxes. Federal tax form 1040ez Fixed-wing aircraft, Fixed-wing aircraft uses. Federal tax form 1040ez Floor stocks tax Ozone-depleting chemicals, Floor Stocks Tax Floor stocks, ODCs, Environmental Taxes Foreign trade, In foreign trade (No. Federal tax form 1040ez 9). Federal tax form 1040ez Form 1363, Exportation. Federal tax form 1040ez 4136, Claiming a Credit on Form 4136 6197, Gas Guzzler Tax, Form 6197. Federal tax form 1040ez , Attachments to Form 720. Federal tax form 1040ez 637, Reminders 6627, Environmental Taxes, Attachments to Form 720. Federal tax form 1040ez 720, Claiming A Refund, Form 6197. Federal tax form 1040ez , Filing Form 720 720X, Form 720X. Federal tax form 1040ez 8849, Claiming A Refund 8864, Biodiesel Sold as But Not Used as Fuel Form 720 Attachments, Attachments to Form 720. Federal tax form 1040ez Due dates, Due dates. Federal tax form 1040ez Final return, Final return. Federal tax form 1040ez Schedule A, Filing Form 720 Schedule C, Filing Form 720 Schedule T, Filing Form 720 Free tax services, How To Get Tax Help Fuels Alternative fuel, Other Fuels (Including Alternative Fuels) Diesel, Diesel Fuel and Kerosene Diesel-water fuel emulsion, Diesel-Water Fuel Emulsion For use in aviation, Kerosene for Use in Aviation Gasoline, Gasoline and Aviation Gasoline Kerosene, Diesel Fuel and Kerosene Other Fuels, Other Fuels (Including Alternative Fuels) Used on inland waterways, Fuels Used on Inland Waterways G Gambling, Taxable situations. Federal tax form 1040ez Gas guzzler tax Automobiles, Automobiles. Federal tax form 1040ez Credit or refund, Credit or refund. Federal tax form 1040ez Limousines, Automobiles. Federal tax form 1040ez Vehicles not subject to tax, Vehicles not subject to tax. Federal tax form 1040ez Gasoline blendstocks, Gasoline Blendstocks Gasoline, defined, Gasoline. Federal tax form 1040ez H Hawaii, air transportation taxes, Transportation between the continental U. Federal tax form 1040ez S. Federal tax form 1040ez and Alaska or Hawaii. Federal tax form 1040ez Heavy Motor Vehicle User Fee, Excise Taxes Not Covered Heavy trucks First retail sale, defined, First retail sale defined. Federal tax form 1040ez Further manufacture, Further manufacture. Federal tax form 1040ez Installment sales, Installment sales. Federal tax form 1040ez Parts or accessories, Parts or accessories. Federal tax form 1040ez Presumptive retail sales price, Presumptive retail sales price. Federal tax form 1040ez Related persons, Related person. Federal tax form 1040ez Separate purchases, Separate purchase. Federal tax form 1040ez Tax base, Determination of tax base. Federal tax form 1040ez Tax rate, Retail Tax on Heavy Trucks, Trailers, and Tractors Helicopter, Certain helicopter uses. Federal tax form 1040ez Help (see Tax help) Highway vehicle, Highway vehicle. Federal tax form 1040ez , In a highway vehicle owned by the United States that is not used on a highway (No. Federal tax form 1040ez 12). Federal tax form 1040ez Highway vehicle (Diesel-powered), Diesel-powered highway vehicle. Federal tax form 1040ez I Identifying number, Taxpayer identification number. Federal tax form 1040ez Imported taxable products (ODCs), Imported Taxable Products Income, include in, Including the Credit or Refund in Income Indoor tanning services, Indoor Tanning Services Tax Information returns, liquid products, Information Returns Inland waterways, Fuels Used on Inland Waterways Intercity and local buses, In certain intercity and local buses (No. Federal tax form 1040ez 5). Federal tax form 1040ez Interest and penalties, Penalties and Interest International air travel facilities, International Air Travel Facilities K Kerosene Definitions, Diesel Fuel and Kerosene Exported, Diesel Fuel and Kerosene For use in aviation, Kerosene for Use in Aviation L Liquid products, information returns, Information Returns Local telephone service, Local telephone service. Federal tax form 1040ez Local-only service, Local-only service. Federal tax form 1040ez M Manufacturer, defined, Manufacturer. Federal tax form 1040ez Manufacturers taxes Arrow shafts, Arrow Shafts Bows, Quivers, Broadheads, and Points, Bows, Quivers, Broadheads, and Points Coal, Coal Credits or refunds, Credits or Refunds Exemptions, Exemptions Gas guzzler tax, Gas Guzzler Tax Lease, Lease considered sale. Federal tax form 1040ez Lease payments, Partial payments. Federal tax form 1040ez Partial payments, Partial payments. Federal tax form 1040ez Registration, Registration requirements. Federal tax form 1040ez Related person, Related person. Federal tax form 1040ez Requirements for exempt sales, Requirements for Exempt Sales Sale, Sale. Federal tax form 1040ez Sport fishing equipment, Sport Fishing Equipment Taxable Tires, Taxable Tires Vaccines, Vaccines Medical device tax, Taxable medical devices. Federal tax form 1040ez Military aircraft, In military aircraft (No. Federal tax form 1040ez 16). Federal tax form 1040ez Mobile radio telephone service, Mobile radio telephone service. Federal tax form 1040ez N News services, News services. Federal tax form 1040ez Nonprofit educational organization, Exclusive use by a nonprofit educational organization (No. Federal tax form 1040ez 13). Federal tax form 1040ez Nonprofit educational organization use and state use, Nonprofit educational organization and state use. Federal tax form 1040ez Nonprofit educational organizations, Nonprofit educational organizations. Federal tax form 1040ez , Federal, state, and local government. Federal tax form 1040ez Nontaxable uses, definitions, Definitions of Nontaxable Uses Nontaxable uses, type of use table, Definitions of Nontaxable Uses O Obligations not in registered form, Obligations Not in Registered Form Off-highway use, Off-highway business use (No. Federal tax form 1040ez 2). Federal tax form 1040ez Oil spill liability, Environmental Taxes Other Fuels (Including Alternative Fuels), Other Fuels (Including Alternative Fuels) Other fuels, defined, Other fuels. Federal tax form 1040ez Ozone-depleting chemicals Floor stocks tax, Floor Stocks Tax Imported taxable products, Imported Taxable Products P Patient-centered outcomes research fee, Patient-Centered Outcomes Research Fee Payment of taxes, Payment of Taxes Penalties Dyed diesel fuel, Penalty. Federal tax form 1040ez Dyed kerosene, Penalty. Federal tax form 1040ez Pipeline operator, defined, Pipeline operator. Federal tax form 1040ez Position holder, defined, Position holder. Federal tax form 1040ez Publications (see Tax help) Q Qualified local bus, In a qualified local bus (No. Federal tax form 1040ez 6). Federal tax form 1040ez R Rack, defined, Rack. Federal tax form 1040ez Radio broadcasts, News services. Federal tax form 1040ez Records, Refiner, defined, Refiner. Federal tax form 1040ez Refinery, defined, Refinery. Federal tax form 1040ez Refunds, Claiming A Refund Refunds of second tax, Refunds of Second Tax Registered ultimate vendor, Sales by Registered Ultimate Vendors, Registered ultimate vendor. Federal tax form 1040ez Registrant, Taxable fuel registrant. Federal tax form 1040ez Registrant, defined, Registrant. Federal tax form 1040ez Registration, Registration Requirements Form 637, Reminders Registration-required obligations, Obligations Not in Registered Form Related persons Heavy trucks, Related person. Federal tax form 1040ez Sport fishing equipment, Related person. Federal tax form 1040ez Removal, defined, Removal. Federal tax form 1040ez Retail tax Credits or refunds, Credits or refunds. Federal tax form 1040ez Heavy trucks, Retail Tax on Heavy Trucks, Trailers, and Tractors Rulings Program, Rulings Program Rural airports, Rural airports. Federal tax form 1040ez S Sale, defined, Sale. Federal tax form 1040ez Sales by registered ultimate vendors, gasoline, Sales by registered ultimate vendors. Federal tax form 1040ez Sales by registered ultimate vendors, kerosene for use in aviation, Sales by Registered Ultimate Vendors Sales price Bonus goods, Bonus goods. Federal tax form 1040ez Cost of transportation, Manufacturers taxes based on sale price. Federal tax form 1040ez Delivery costs, Manufacturers taxes based on sale price. Federal tax form 1040ez Discounts, Manufacturers taxes based on sale price. Federal tax form 1040ez Installation costs, Manufacturers taxes based on sale price. Federal tax form 1040ez Insurance costs, Manufacturers taxes based on sale price. Federal tax form 1040ez Local advertising charges, Manufacturers taxes based on sale price. Federal tax form 1040ez Manufacturers excise tax, Manufacturers taxes based on sale price. Federal tax form 1040ez Rebates, Manufacturers taxes based on sale price. Federal tax form 1040ez Retail dealer preparation costs, Manufacturers taxes based on sale price. Federal tax form 1040ez Warranty charges, Manufacturers taxes based on sale price. Federal tax form 1040ez School bus, In a school bus (No. Federal tax form 1040ez 7). Federal tax form 1040ez Second generation biofuel, Second generation biofuel. Federal tax form 1040ez Security systems, Telephone-operated security systems. Federal tax form 1040ez Ship passenger tax, Ship Passenger Tax Special September rule, When to deposit, Special rule for deposits of taxes in September. Federal tax form 1040ez Sport fishing equipment List of equipment, Sport Fishing Equipment Resales, Certain equipment resale. Federal tax form 1040ez State and local governments, Federal, state, and local government. Federal tax form 1040ez State or local governments, Exclusive use by a state, political subdivision of a state, or the District of Columbia (No. Federal tax form 1040ez 14). Federal tax form 1040ez State or nonprofit educational organization use, Sales by registered ultimate vendors. Federal tax form 1040ez State use, Registered ultimate vendor (state use). Federal tax form 1040ez , State use. Federal tax form 1040ez State, defined, State. Federal tax form 1040ez Suggestions, Comments and suggestions. Federal tax form 1040ez T Tanning tax, Indoor Tanning Services Tax Tax help, How To Get Tax Help Tax rate, Electric outboard boat motors. Federal tax form 1040ez Air transportation of persons, Transportation of Persons by Air Air transportation of property, Transportation of Property by Air Arrow shafts, Arrow Shafts Bows, Quivers, Broadheads, and Points, Bows, Quivers, Broadheads, and Points Coal, Tax rates. Federal tax form 1040ez Electric outboard motor, Electric outboard boat motors. Federal tax form 1040ez International air travel facilities, International Air Travel Facilities Obligations not in registered form, Obligations Not in Registered Form Policies issued by foreign persons, Foreign Insurance Taxes Ship passenger tax, Ship Passenger Tax Sport fishing equipment, Sport Fishing Equipment Trucks, Retail Tax on Heavy Trucks, Trailers, and Tractors Taxable fuel registrant, Taxable fuel registrant. Federal tax form 1040ez Taxable Tires Manufacturers taxes, Taxable Tires Taxable tires Exemptions, Tires exempt from tax. Federal tax form 1040ez Taxes, Payment of, Payment of Taxes Taxpayer identification number, Taxpayer identification number. Federal tax form 1040ez Teletypewriter exchange service, Teletypewriter exchange service. Federal tax form 1040ez Terminal operator, defined, Terminal operator. Federal tax form 1040ez Terminal, defined, Terminal. Federal tax form 1040ez Throughputter, defined, Throughputter. Federal tax form 1040ez Tires Credit against heavy truck tax, Tire credit. Federal tax form 1040ez Credit or refund of tax, Credit or refund. Federal tax form 1040ez Train, Use in a train. Federal tax form 1040ez Train (Diesel-powered), Diesel-powered train. Federal tax form 1040ez Transmix, Diesel Fuel and Kerosene Travel agency, Liability for tax. Federal tax form 1040ez TTY/TDD information, How To Get Tax Help Two-party exchanges, Two-party exchanges. Federal tax form 1040ez , Two-party exchanges. Federal tax form 1040ez U Ultimate purchaser, Ultimate purchaser. Federal tax form 1040ez Uninterrupted international air transportation, Uninterrupted international air transportation. Federal tax form 1040ez , Military personnel on international trips. Federal tax form 1040ez Used other than as a fuel Diesel fuel and kerosene, For diesel fuel and kerosene (other than kerosene used in aviation) used other than as a fuel (No. Federal tax form 1040ez 8). Federal tax form 1040ez Uses, nontaxable Alternative fuels, Other Fuels (Including Alternative Fuels) Aviation gasoline, Gasoline and Aviation Gasoline Diesel fuel, Undyed Diesel Fuel and Undyed Kerosene (Other Than Kerosene Used in Aviation) Diesel-water fuel emulsion, Diesel-Water Fuel Emulsion Gasoline, Gasoline and Aviation Gasoline Kerosene, Undyed Diesel Fuel and Undyed Kerosene (Other Than Kerosene Used in Aviation) Kerosene for use in aviation, Ultimate purchasers. Federal tax form 1040ez Liquefied petroleum gas (LPG), Other Fuels (Including Alternative Fuels) Other Fuels, Other Fuels (Including Alternative Fuels) V Vaccines Credit or refund, Credit or refund. Federal tax form 1040ez Manufacturers tax, What's New, Vaccines Vehicles Gas guzzler, Gas Guzzler Tax Imported, Imported automobiles. Federal tax form 1040ez Law enforcement, Vehicles not subject to tax. Federal tax form 1040ez Vendors, registered ultimate, Sales by Registered Ultimate Vendors, Registered ultimate vendor. Federal tax form 1040ez Vessel operator, defined, Vessel operator. Federal tax form 1040ez W Wagering and occupational wagering fee, Excise Taxes Not Covered When to deposit, When To Make Deposits Prev  Up     Home   More Online Publications
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A Brief Overview of Depreciation

Depreciation is an income tax deduction that allows a taxpayer to recover the cost or other basis of certain property. It is an annual allowance for the wear and tear, deterioration, or obsolescence of the property.

Most types of tangible property (except, land), such as buildings, machinery, vehicles, furniture, and equipment are depreciable. Likewise, certain intangible property, such as patents, copyrights, and computer software is depreciable.

In order for a taxpayer to be allowed a depreciation deduction for a property, the property must meet all the following requirements:

  • The taxpayer must own the property. Taxpayers may also depreciate any capital improvements for property the taxpayer leases.
  • A taxpayer must use the property in business or in an income-producing activity. If a taxpayer uses a property for business and for personal purposes, the taxpayer can only deduct depreciation based only on the business use of that property.
  • The property must have a determinable useful life of more than one year.

Even if a taxpayer meets the preceding requirements for a property, a taxpayer cannot depreciate the following property:

  • Property placed in service and disposed of in same year.
  • Equipment used to build capital improvements. A taxpayer must add otherwise allowable depreciation on the equipment during the period of construction to the basis of the improvements.
  • Certain term interests.

Depreciation begins when a taxpayer places property in service for use in a trade or business or for the production of income. The property ceases to be depreciable when the taxpayer has fully recovered the property’s cost or other basis or when the taxpayer retires it from service, whichever happens first.

A taxpayer must identify several items to ensure the proper depreciation of a property, including:

  • The depreciation method for the property
  • The class life of the asset
  • Whether the property is “Listed Property”
  • Whether the taxpayer elects to expense any portion of the asset
  • Whether the taxpayer qualifies for any “bonus” first year depreciation
  • The depreciable basis of the property

The Modified Accelerated Cost Recovery System (MACRS) is the proper depreciation method for most property. Additional information about MACRS, and the other components of depreciation are in Publication 946, How to Depreciate Property.

A taxpayer must use Form 4562, Depreciation and Amortization, to report depreciation on a tax return. Form 4562 is divided into six sections and the Instructions for Form 4562 contain information on how, and when to fill out each section.

Page Last Reviewed or Updated: 16-Sep-2013

The Federal Tax Form 1040ez

Federal tax form 1040ez 3. Federal tax form 1040ez   Abandonments Table of Contents You abandon property when you voluntarily and permanently give up possession and use of the property with the intention of ending your ownership but without passing it on to anyone else. Federal tax form 1040ez Whether an abandonment has occurred is determined in light of all the facts and circumstances. Federal tax form 1040ez You must both show an intention to abandon the property and affirmatively act to abandon the property. Federal tax form 1040ez A voluntary conveyance of the property in lieu of foreclosure is not an abandonment and is treated as the exchange of property to satisfy a debt. Federal tax form 1040ez For more information, see Sales and Exchanges in Publication 544. Federal tax form 1040ez The tax consequences of abandonment of property that secures a debt depend on whether you were personally liable for the debt (recourse debt) or were not personally liable for the debt (nonrecourse debt). Federal tax form 1040ez See Publication 544 if you abandoned property that did not secure debt. Federal tax form 1040ez This publication only discusses the tax consequences of abandoning property that secured a debt. Federal tax form 1040ez Abandonment of property securing recourse debt. Federal tax form 1040ez    In most cases, if you abandon property that secures debt for which you are personally liable (recourse debt), you do not have gain or loss until the later foreclosure is completed. Federal tax form 1040ez For details on figuring gain or loss on the foreclosure, see chapter 2. Federal tax form 1040ez Example 1—abandonment of personal-use property securing recourse debt. Federal tax form 1040ez In 2009, Anne purchased a home for $200,000. Federal tax form 1040ez She borrowed the entire purchase price, for which she was personally liable, and gave the bank a mortgage on the home. Federal tax form 1040ez In 2013, Anne lost her job and was unable to continue making her mortgage loan payments. Federal tax form 1040ez Because her mortgage loan balance was $185,000 and the FMV of her home was only $150,000, Anne decided to abandon her home by permanently moving out on August 1, 2013. Federal tax form 1040ez Because Anne was personally liable for the debt and the bank did not complete a foreclosure of the property in 2013, Anne has neither gain nor loss in tax year 2013 from abandoning the home. Federal tax form 1040ez If the bank sells the house at a foreclosure sale in 2014, Anne will have to figure her gain or nondeductible loss for tax year 2014 as discussed earlier in chapter 2. Federal tax form 1040ez Example 2—abandonment of business or investment property securing recourse debt. Federal tax form 1040ez In 2009, Sue purchased business property for $200,000. Federal tax form 1040ez She borrowed the entire purchase price, for which she was personally liable, and gave the lender a security interest in the property. Federal tax form 1040ez In 2013, Sue was unable to continue making her loan payments. Federal tax form 1040ez Because her loan balance was $185,000 and the FMV of the property was only $150,000, Sue abandoned the property on August 1, 2013. Federal tax form 1040ez Because Sue was personally liable for the debt and the lender did not complete a foreclosure of the property in 2013, Sue has neither gain nor loss in tax year 2013 from abandoning the property. Federal tax form 1040ez If the lender sells the property at a foreclosure sale in 2014, Sue will have to figure her gain or deductible loss for tax year 2014 as discussed earlier in chapter 2. Federal tax form 1040ez Abandonment of property securing nonrecourse debt. Federal tax form 1040ez    If you abandon property that secures debt for which you are not personally liable (nonrecourse debt), the abandonment is treated as a sale or exchange. Federal tax form 1040ez   The amount you realize on the abandonment of property that secured nonrecourse debt is the amount of the nonrecourse debt. Federal tax form 1040ez If the amount you realize is more than your adjusted basis, then you have a gain. Federal tax form 1040ez If your adjusted basis is more than the amount you realize, then you have a loss. Federal tax form 1040ez For more information on how to figure gain and loss, see Gain or Loss from Sales or Exchanges in Publication 544. Federal tax form 1040ez   Loss from abandonment of business or investment property is deductible as a loss. Federal tax form 1040ez The character of the loss depends on the character of the property. Federal tax form 1040ez The amount of deductible capital loss may be limited. Federal tax form 1040ez For more information, see Treatment of Capital Losses in Publication 544. Federal tax form 1040ez You cannot deduct any loss from abandonment of your home or other property held for personal use. Federal tax form 1040ez Example 1—abandonment of personal-use property securing nonrecourse debt. Federal tax form 1040ez In 2009, Timothy purchased a home for $200,000. Federal tax form 1040ez He borrowed the entire purchase price, for which he was not personally liable, and gave the bank a mortgage on the home. Federal tax form 1040ez In 2013, Timothy lost his job and was unable to continue making his mortgage loan payments. Federal tax form 1040ez Because his mortgage loan balance was $185,000 and the FMV of his home was only $150,000, Timothy decided to abandon his home by permanently moving out on August 1, 2013. Federal tax form 1040ez Because Timothy was not personally liable for the debt, the abandonment is treated as a sale or exchange of the home in tax year 2013. Federal tax form 1040ez Timothy's amount realized is $185,000 and his adjusted basis in the home is $200,000. Federal tax form 1040ez Timothy has a $15,000 nondeductible loss in tax year 2013. Federal tax form 1040ez (Had Timothy’s adjusted basis been less than the amount realized, Timothy would have had a gain that he would have to include in gross income. Federal tax form 1040ez ) The bank sells the house at a foreclosure sale in 2014. Federal tax form 1040ez Timothy has neither gain nor loss from the foreclosure sale. Federal tax form 1040ez Because he was not personally liable for the debt, he also has no cancellation of debt income. Federal tax form 1040ez Example 2—abandonment of business or investment property securing nonrecourse debt. Federal tax form 1040ez In 2009, Robert purchased business property for $200,000. Federal tax form 1040ez He borrowed the entire purchase price, for which he was not personally liable, and gave the lender a security interest in the property. Federal tax form 1040ez In 2013, Robert was unable to continue making his loan payments. Federal tax form 1040ez Because his loan balance was $185,000 and the FMV of the property was only $150,000, Robert decided to abandon the property on August 1, 2013. Federal tax form 1040ez Because Robert was not personally liable for the debt, the abandonment is treated as a sale or exchange of the property in tax year 2013. Federal tax form 1040ez Robert's amount realized is $185,000 and his adjusted basis in the property is $180,000 (as a result of $20,000 of depreciation deductions on the property). Federal tax form 1040ez Robert has a $5,000 gain in tax year 2013. Federal tax form 1040ez (Had Robert’s adjusted basis been greater than the amount realized, he would have had a deductible loss. Federal tax form 1040ez ) The lender sells the property at a foreclosure sale in 2014. Federal tax form 1040ez Robert has neither gain nor loss from the foreclosure sale. Federal tax form 1040ez Because he was not personally liable for the debt, he also has no cancellation of debt income. Federal tax form 1040ez Canceled debt. Federal tax form 1040ez    If the abandoned property secures a debt for which you are personally liable and the debt is canceled, you will realize ordinary income equal to the canceled debt. Federal tax form 1040ez This income is separate from any amount realized from abandonment of the property. Federal tax form 1040ez You must report this income on your return unless one of the exceptions or exclusions described in chapter 1 applies. Federal tax form 1040ez See chapter 1 for more details. Federal tax form 1040ez Forms 1099-A and 1099-C. Federal tax form 1040ez    In most cases, if you abandon real property (such as a home), intangible property, or tangible personal property held (wholly or partly) for use in a trade or business or for investment, that secures a loan and the lender knows the property has been abandoned, the lender should send you Form 1099-A showing information you need to figure your gain or loss from the abandonment. Federal tax form 1040ez Also, if your debt is canceled and the lender must file Form 1099-C, the lender can include the information about the abandonment on that form instead of on Form 1099-A. Federal tax form 1040ez The lender must file Form 1099-C and send you a copy if the amount of debt canceled is $600 or more and the lender is a financial institution, credit union, federal government agency, or any organization that has a significant trade or business of lending money. Federal tax form 1040ez For abandonments of property and debt cancellations occurring in 2013, these forms should be sent to you by January 31, 2014. Federal tax form 1040ez Prev  Up  Next   Home   More Online Publications