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Federal Tax Form 1040x

How Do You Do An Amendment To Your Tax ReturnIrs Amended FormsFederal Tax PreparationIrs FileHow Can I Efile My 2012 TaxesTurbotax 2009 Download FreeIrsFree File For State Income TaxCopy 2011 TaxesLiberty TaxFill Out 1040ez OnlineBack TaxesFile 2007 Tax Return Online1040 Easy FormForm 1040x 20131040ez 2010 FormIrs Online 1040ezWww H&r Block At HomeFederal Tax Forms 2012File Amended Tax Return Online2011 Tax Forms 1040Hr Block Free Tax FilingForm 1040x Amended Us Individual Income Tax ReturnEfile State TaxesFiling State Taxes OnlyAmend Your Tax ReturnFiling State Income Tax For FreeStudent Taxes 20131099ezAmended Tax ReturnsFree Irs Tax Forms 20111040x 2013Federal Tax Forms 2012 EzTax Form 2011Amending 2012 Tax ReturnFree H&r Block EfileInstructions For 1040ez 2013Does H&r Block Do Taxes For FreeFiling 1040x With Form 982Tax Form 1040 Ez

Federal Tax Form 1040x

Federal tax form 1040x Part One -   The Income Tax Return The four chapters in this part provide basic information on the tax system. Federal tax form 1040x They take you through the first steps of filling out a tax return—such as deciding what your filing status is, how many exemptions you can take, and what form to file. Federal tax form 1040x They also discuss recordkeeping requirements, IRS e-file (electronic filing), certain penalties, and the two methods used to pay tax during the year: withholding and estimated tax. Federal tax form 1040x Table of Contents 1. Federal tax form 1040x   Filing InformationWhat's New Reminders Introduction Do I Have To File a Return?Individuals—In General Dependents Certain Children Under Age 19 or Full-Time Students Self-Employed Persons Aliens Who Should File Which Form Should I Use?Form 1040EZ Form 1040A Form 1040 Does My Return Have To Be on Paper?IRS e-file When Do I Have To File?Private delivery services. Federal tax form 1040x Extensions of Time To File How Do I Prepare My Return?When Do I Report My Income and Expenses? Social Security Number (SSN) Presidential Election Campaign Fund Computations Attachments Third Party Designee Signatures Paid Preparer Refunds Amount You Owe Gift To Reduce Debt Held by the Public Name and Address Where Do I File? What Happens After I File?What Records Should I Keep? Why Keep Records? Kinds of Records to Keep Basic Records How Long to Keep Records Refund Information Interest on Refunds Change of Address What If I Made a Mistake?Amended Returns and Claims for Refund Penalties Identity Theft 2. Federal tax form 1040x   Filing StatusWhat's New Introduction Useful Items - You may want to see: Marital StatusDivorced persons. Federal tax form 1040x Divorce and remarriage. Federal tax form 1040x Annulled marriages. Federal tax form 1040x Head of household or qualifying widow(er) with dependent child. Federal tax form 1040x Considered married. Federal tax form 1040x Same-sex marriage. Federal tax form 1040x Spouse died during the year. Federal tax form 1040x Married persons living apart. Federal tax form 1040x Single Married Filing JointlyFiling a Joint Return Married Filing SeparatelySpecial Rules Head of HouseholdConsidered Unmarried Keeping Up a Home Qualifying Person Qualifying Widow(er) With Dependent Child 3. Federal tax form 1040x   Personal Exemptions and DependentsWhat's New Introduction Useful Items - You may want to see: ExemptionsPersonal Exemptions Exemptions for Dependents Qualifying Child Qualifying Relative Phaseout of Exemptions Social Security Numbers for DependentsBorn and died in 2013. Federal tax form 1040x Taxpayer identification numbers for aliens. Federal tax form 1040x Taxpayer identification numbers for adoptees. Federal tax form 1040x 4. Federal tax form 1040x   Tax Withholding and Estimated TaxWhat's New for 2014 Reminders Introduction Useful Items - You may want to see: Tax Withholding for 2014Salaries and Wages Tips Taxable Fringe Benefits Sick Pay Pensions and Annuities Gambling Winnings Unemployment Compensation Federal Payments Backup Withholding Estimated Tax for 2014Who Does Not Have To Pay Estimated Tax Who Must Pay Estimated Tax How To Figure Estimated Tax When To Pay Estimated Tax How To Figure Each Payment How To Pay Estimated Tax Credit for Withholding and Estimated Tax for 2013Withholding Estimated Tax Underpayment Penalty for 2013 Prev  Up  Next   Home   More Online Publications
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The Federal Tax Form 1040x

Federal tax form 1040x 3. Federal tax form 1040x   Limit on Annual Additions Table of Contents Ministers and church employees. Federal tax form 1040x Includible Compensation for Your Most Recent Year of ServiceMost Recent Year of Service Includible Compensation The first component of MAC is the limit on annual additions. Federal tax form 1040x This is a limit on the total contributions (elective deferrals, nonelective contributions, and after-tax contributions) that can be made to your 403(b) account. Federal tax form 1040x The limit on annual additions generally is the lesser of: $51,000 for 2013 and $52,000 for 2014, or 100% of your includible compensation for your most recent year of service. Federal tax form 1040x More than one 403(b) account. Federal tax form 1040x If you contributed to more than one 403(b) account, you must combine the contributions made to all 403(b) accounts on your behalf by your employer. Federal tax form 1040x Ministers and church employees. Federal tax form 1040x   If you are a minister or a church employee, you may be able to increase your limit on annual additions or use different rules when figuring your limit on annual additions. Federal tax form 1040x For more information, see chapter 5. Federal tax form 1040x Participation in a qualified plan. Federal tax form 1040x If you participated in a 403(b) plan and a qualified plan, you must combine contributions made to your 403(b) account with contributions to a qualified plan and simplified employee pensions of all corporations, partnerships, and sole proprietorships in which you have more than 50% control. Federal tax form 1040x You can use Part I of Worksheet 1 in chapter 9 to figure your limit on annual additions. Federal tax form 1040x Includible Compensation for Your Most Recent Year of Service Definition. Federal tax form 1040x   Generally, includible compensation for your most recent year of service is the amount of taxable wages and benefits you received from the employer that maintained a 403(b) account for your benefit during your most recent year of service. Federal tax form 1040x When figuring your includible compensation for your most recent year of service, keep in mind that your most recent year of service may not be the same as your employer's most recent annual work period. Federal tax form 1040x This can happen if your tax year is not the same as your employer's annual work period. Federal tax form 1040x When figuring includible compensation for your most recent year of service, do not mix compensation or service of one employer with compensation or service of another employer. Federal tax form 1040x Most Recent Year of Service Your most recent year of service is your last full year of service, ending on the last day of your tax year that you worked for the employer that maintained a 403(b) account on your behalf. Federal tax form 1040x Tax year different from employer's annual work period. Federal tax form 1040x   If your tax year is not the same as your employer's annual work period, your most recent year of service is made up of parts of at least two of your employer's annual work periods. Federal tax form 1040x Example. Federal tax form 1040x A professor who reports her income on a calendar-year basis is employed on a full-time basis by a university that operates on an academic year (October through May). Federal tax form 1040x To figure her includible compensation for 2013, the professor's most recent year of service is her service from January through May 2013 and from October through December 2013. Federal tax form 1040x Figuring Your Most Recent Year of Service To figure your most recent year of service, begin by determining what is a full year of service for your position. Federal tax form 1040x A full year of service is equal to full-time employment for your employer's annual work period. Federal tax form 1040x After identifying a full year of service, begin counting the service you have provided for your employer starting with the service provided in the current year. Federal tax form 1040x Part-time or employed only part of the year. Federal tax form 1040x   If you are a part-time or a full-time employee who is employed for only part of the year, your most recent year of service is your service this year and your service for as many previous years as is necessary to total 1 full year of service. Federal tax form 1040x To determine your most recent year of service, add the following periods of service: Your service during the year for which you are figuring the limit on annual additions, and Your service during your preceding tax years until the total service equals 1 year of service or you have figured all of your service with the employer. Federal tax form 1040x Example. Federal tax form 1040x You were employed on a full-time basis from July through December 2011 (1/2 year of service), July through December 2012 (1/2 year of service), and October through December 2013 (1/4 year of service). Federal tax form 1040x Your most recent year of service for computing your limit on annual additions for 2013 is the total of your service during 2013 (1/4 year of service), your service during 2012 (1/2 year of service), and your service during the months October through December 2011 (1/4 year of service). Federal tax form 1040x Not yet employed for 1 year. Federal tax form 1040x   If, at the close of the year, you have not yet worked for your employer for 1 year (including time you worked for the same employer in all earlier years), use the period of time you have worked for the employer as your most recent year of service. Federal tax form 1040x Includible Compensation After identifying your most recent year of service, the next step is to identify the includible compensation associated with that full year of service. Federal tax form 1040x Includible compensation is not the same as income included on your tax return. Federal tax form 1040x Compensation is a combination of income and benefits received in exchange for services provided to your employer. Federal tax form 1040x Generally, includible compensation is the amount of income and benefits: Received from the employer who maintains your 403(b) account, and Must be included in your income. Federal tax form 1040x Includible compensation includes the following amounts. Federal tax form 1040x Elective deferrals (employer's contributions made on your behalf under a salary reduction agreement). Federal tax form 1040x Amounts contributed or deferred by your employer under a section 125 cafeteria plan. Federal tax form 1040x Amounts contributed or deferred, at the election of the employee, under an eligible section 457 nonqualified deferred compensation plan (state or local government or tax-exempt organization plan). Federal tax form 1040x  Note. Federal tax form 1040x For information about treating elective deferrals under section 457 plans as Roth contributions, see Publication 575. Federal tax form 1040x Wages, salaries, and fees for personal services earned with the employer maintaining your 403(b) account. Federal tax form 1040x Income otherwise excluded under the foreign earned income exclusion. Federal tax form 1040x Pre-tax contributions (employer's contributions made on your behalf according to your election) to a qualified transportation fringe benefit plan. Federal tax form 1040x Includible compensation does not include the following items. Federal tax form 1040x Your employer's contributions to your 403(b) account. Federal tax form 1040x Compensation earned while your employer was not an eligible employer. Federal tax form 1040x Your employer's contributions to a qualified plan that: Are on your behalf, and Are excludable from income. Federal tax form 1040x The cost of incidental life insurance. Federal tax form 1040x See Cost of Incidental Life Insurance, later. Federal tax form 1040x If you are a church employee or a foreign missionary, figure includible compensation using the rules explained in chapter 5. Federal tax form 1040x Contributions after retirement. Federal tax form 1040x   Nonelective contributions may be made for an employee for up to 5 years after retirement. Federal tax form 1040x These contributions would be based on includible compensation for the last year of service before retirement. Federal tax form 1040x Cost of Incidental Life Insurance Includible compensation does not include the cost of incidental life insurance. Federal tax form 1040x If all of your 403(b) accounts invest only in mutual funds, then you have no incidental life insurance. Federal tax form 1040x If you have an annuity contract, a portion of the cost of that contract may be for incidental life insurance. Federal tax form 1040x If so, the cost of the insurance is taxable to you in the year contributed and is considered part of your basis when distributed. Federal tax form 1040x Your employer will include the cost of your insurance as taxable wages in box 1 of Form W-2. Federal tax form 1040x Not all annuity contracts include life insurance. Federal tax form 1040x Contact your plan administrator to determine if your contract includes incidental life insurance. Federal tax form 1040x If it does, you will need to figure the cost of life insurance each year the policy is in effect. Federal tax form 1040x Figuring the cost of incidental life insurance. Federal tax form 1040x If you have determined that part of the cost of your annuity contract is for an incidental life insurance premium, you will need to determine the amount of the premium and subtract it from your includible compensation. Federal tax form 1040x To determine the amount of the life insurance premiums, you will need to know the following information. Federal tax form 1040x The value of your life insurance contract, which is the amount payable upon your death. Federal tax form 1040x The cash value of your life insurance contract at the end of the tax year. Federal tax form 1040x Your age on your birthday nearest the beginning of the policy year. Federal tax form 1040x Your current life insurance protection under an ordinary retirement income life insurance policy, which is the amount payable upon your death minus the cash value of the contract at the end of the year. Federal tax form 1040x You can use Worksheet A, in chapter 9, to determine the cost of your incidental life insurance. Federal tax form 1040x Example. Federal tax form 1040x Your new contract provides that your beneficiary will receive $10,000 if you should die before retirement. Federal tax form 1040x Your cash value in the contract at the end of the first year is zero. Federal tax form 1040x Your current life insurance protection for the first year is $10,000 ($10,000 − 0). Federal tax form 1040x The cash value in the contract at the end of year two is $1,000, and the current life insurance protection for the second year is $9,000 ($10,000 – $1,000). Federal tax form 1040x The 1-year cost of the protection can be calculated by using Figure 3-1, Table of One-Year Term Premiums for $1,000 Life Insurance Protection . Federal tax form 1040x The premium rate is determined based on your age on your birthday nearest the beginning of the policy year. Federal tax form 1040x Figure 3-1. Federal tax form 1040x Table of One-Year Term Premiums for $1,000 Life Insurance Protection Age Cost   Age Cost   Age Cost 0 $0. Federal tax form 1040x 70   35 $0. Federal tax form 1040x 99   70 $20. Federal tax form 1040x 62 1 0. Federal tax form 1040x 41   36 1. Federal tax form 1040x 01   71 22. Federal tax form 1040x 72 2 0. Federal tax form 1040x 27   37 1. Federal tax form 1040x 04   72 25. Federal tax form 1040x 07 3 0. Federal tax form 1040x 19   38 1. Federal tax form 1040x 06   73 27. Federal tax form 1040x 57 4 0. Federal tax form 1040x 13   39 1. Federal tax form 1040x 07   74 30. Federal tax form 1040x 18 5 0. Federal tax form 1040x 13   40 1. Federal tax form 1040x 10   75 33. Federal tax form 1040x 05 6 0. Federal tax form 1040x 14   41 1. Federal tax form 1040x 13   76 36. Federal tax form 1040x 33 7 0. Federal tax form 1040x 15   42 1. Federal tax form 1040x 20   77 40. Federal tax form 1040x 17 8 0. Federal tax form 1040x 16   43 1. Federal tax form 1040x 29   78 44. Federal tax form 1040x 33 9 0. Federal tax form 1040x 16   44 1. Federal tax form 1040x 40   79 49. Federal tax form 1040x 23 10 0. Federal tax form 1040x 16   45 1. Federal tax form 1040x 53   80 54. Federal tax form 1040x 56 11 0. Federal tax form 1040x 19   46 1. Federal tax form 1040x 67   81 60. Federal tax form 1040x 51 12 0. Federal tax form 1040x 24   47 1. Federal tax form 1040x 83   82 66. Federal tax form 1040x 74 13 0. Federal tax form 1040x 28   48 1. Federal tax form 1040x 98   83 73. Federal tax form 1040x 07 14 0. Federal tax form 1040x 33   49 2. Federal tax form 1040x 13   84 80. Federal tax form 1040x 35 15 0. Federal tax form 1040x 38   50 2. Federal tax form 1040x 30   85 88. Federal tax form 1040x 76 16 0. Federal tax form 1040x 52   51 2. Federal tax form 1040x 52   86 99. Federal tax form 1040x 16 17 0. Federal tax form 1040x 57   52 2. Federal tax form 1040x 81   87 110. Federal tax form 1040x 40 18 0. Federal tax form 1040x 59   53 3. Federal tax form 1040x 20   88 121. Federal tax form 1040x 85 19 0. Federal tax form 1040x 61   54 3. Federal tax form 1040x 65   89 133. Federal tax form 1040x 40 20 0. Federal tax form 1040x 62   55 4. Federal tax form 1040x 15   90 144. Federal tax form 1040x 30 21 0. Federal tax form 1040x 62   56 4. Federal tax form 1040x 68   91 155. Federal tax form 1040x 80 22 0. Federal tax form 1040x 64   57 5. Federal tax form 1040x 20   92 168. Federal tax form 1040x 75 23 0. Federal tax form 1040x 66   58 5. Federal tax form 1040x 66   93 186. Federal tax form 1040x 44 24 0. Federal tax form 1040x 68   59 6. Federal tax form 1040x 06   94 206. Federal tax form 1040x 70 25 0. Federal tax form 1040x 71   60 6. Federal tax form 1040x 51   95 228. Federal tax form 1040x 35 26 0. Federal tax form 1040x 73   61 7. Federal tax form 1040x 11   96 250. Federal tax form 1040x 01 27 0. Federal tax form 1040x 76   62 7. Federal tax form 1040x 96   97 265. Federal tax form 1040x 09 28 0. Federal tax form 1040x 80   63 9. Federal tax form 1040x 08   98 270. Federal tax form 1040x 11 29 0. Federal tax form 1040x 83   64 10. Federal tax form 1040x 41   99 281. Federal tax form 1040x 05 30 0. Federal tax form 1040x 87   65 11. Federal tax form 1040x 90       31 0. Federal tax form 1040x 90   66 13. Federal tax form 1040x 51       32 0. Federal tax form 1040x 93   67 15. Federal tax form 1040x 20       33 0. Federal tax form 1040x 96   68 16. Federal tax form 1040x 92       34 0. Federal tax form 1040x 98   69 18. Federal tax form 1040x 70                       If the current published premium rates per $1,000 of insurance protection charged by an insurer for individual 1-year term life insurance premiums available to all standard risks are lower than those in the preceding table, you can use the lower rates for figuring the cost of insurance in connection with individual policies issued by the same insurer. Federal tax form 1040x Example 1. Federal tax form 1040x Lynne Green, age 44, and her employer enter into a 403(b) plan that will provide her with a $500 a month annuity upon retirement at age 65. Federal tax form 1040x The agreement also provides that if she should die before retirement, her beneficiary will receive the greater of $20,000 or the cash surrender value in the life insurance contract. Federal tax form 1040x Using the facts presented we can determine the cost of Lynne's life insurance protection as shown in Table 3-1. Federal tax form 1040x Lynne's employer has included $28 for the cost of the life insurance protection in her current year's income. Federal tax form 1040x When figuring her includible compensation for this year, Lynne will subtract $28. Federal tax form 1040x Table 3-1. Federal tax form 1040x Worksheet A. Federal tax form 1040x Cost of Incidental Life Insurance Note. Federal tax form 1040x Use this worksheet to figure the cost of incidental life insurance included in your annuity contract. Federal tax form 1040x This amount will be used to figure includible compensation for your most recent year of service. Federal tax form 1040x 1. Federal tax form 1040x Enter the value of the contract (amount payable upon your death) 1. Federal tax form 1040x $20,000. Federal tax form 1040x 00 2. Federal tax form 1040x Enter the cash value in the contract at the end of the year 2. Federal tax form 1040x 0. Federal tax form 1040x 00 3. Federal tax form 1040x Subtract line 2 from line 1. Federal tax form 1040x This is the value of your current life insurance protection 3. Federal tax form 1040x $20,000. Federal tax form 1040x 00 4. Federal tax form 1040x Enter your age on your birthday nearest the beginning of the policy year 4. Federal tax form 1040x 44 5. Federal tax form 1040x Enter the 1-year term premium for $1,000 of life insurance based on your age. Federal tax form 1040x (From Figure 3-1) 5. Federal tax form 1040x $1. Federal tax form 1040x 40 6. Federal tax form 1040x Divide line 3 by $1,000 6. Federal tax form 1040x 20 7. Federal tax form 1040x Multiply line 6 by line 5. Federal tax form 1040x This is the cost of your incidental life insurance 7. Federal tax form 1040x $28. Federal tax form 1040x 00 Example 2. Federal tax form 1040x Lynne's cash value in the contract at the end of the second year is $1,000. Federal tax form 1040x In year two, the cost of Lynne's life insurance is calculated as shown in Table 3-2. Federal tax form 1040x In year two, Lynne's employer will include $29. Federal tax form 1040x 07 in her current year's income. Federal tax form 1040x Lynne will subtract this amount when figuring her includible compensation. Federal tax form 1040x Table 3-2. Federal tax form 1040x Worksheet A. Federal tax form 1040x Cost of Incidental Life Insurance Note. Federal tax form 1040x Use this worksheet to figure the cost of incidental life insurance included in your annuity contract. Federal tax form 1040x This amount will be used to figure includible compensation for your most recent year of service. Federal tax form 1040x 1. Federal tax form 1040x Enter the value of the contract (amount payable upon your death) 1. Federal tax form 1040x $20,000. Federal tax form 1040x 00 2. Federal tax form 1040x Enter the cash value in the contract at the end of the year 2. Federal tax form 1040x $1,000. Federal tax form 1040x 00 3. Federal tax form 1040x Subtract line 2 from line 1. Federal tax form 1040x This is the value of your current life insurance protection 3. Federal tax form 1040x $19,000. Federal tax form 1040x 00 4. Federal tax form 1040x Enter your age on your birthday nearest the beginning of the policy year 4. Federal tax form 1040x 45 5. Federal tax form 1040x Enter the 1-year term premium for $1,000 of life insurance based on your age. Federal tax form 1040x (From Figure 3-1) 5. Federal tax form 1040x $1. Federal tax form 1040x 53 6. Federal tax form 1040x Divide line 3 by $1,000 6. Federal tax form 1040x 19 7. Federal tax form 1040x Multiply line 6 by line 5. Federal tax form 1040x This is the cost of your incidental life insurance 7. Federal tax form 1040x $29. Federal tax form 1040x 07 Figuring Includible Compensation for Your Most Recent Year of Service You can use Worksheet B in chapter 9 to determine your includible compensation for your most recent year of service. Federal tax form 1040x Example. Federal tax form 1040x Floyd has been periodically working full-time for a local hospital since September 2011. Federal tax form 1040x He needs to figure his limit on annual additions for 2014. Federal tax form 1040x The hospital's normal annual work period for employees in Floyd's general type of work runs from January to December. Federal tax form 1040x During the periods that Floyd was employed with the hospital, the hospital has always been eligible to provide a 403(b) plan to employees. Federal tax form 1040x Additionally, the hospital has never provided the employees with a 457 deferred compensation plan, a transportation fringe benefit plan, or a cafeteria plan. Federal tax form 1040x Floyd has never worked abroad and there is no life insurance provided under the plan. Federal tax form 1040x Table 3-3 shows the service Floyd provided to his employer, his compensation for the periods worked, his elective deferrals, and his taxable wages. Federal tax form 1040x Table 3-3. Federal tax form 1040x Floyd's Compensation Note. Federal tax form 1040x This table shows information Floyd will use to figure includible compensation for his most recent year of service. Federal tax form 1040x   Year Years of Service Taxable Wages Elective Deferrals 2014 6/12 of  a year $42,000 $2,000 2013 4/12 of  a year $16,000 $1,650 2012 4/12 of  a year $16,000 $1,650 Before Floyd can figure his limit on annual additions, he must figure includible compensation for his most recent year of service. Federal tax form 1040x Because Floyd is not planning to work the entire 2014 year, his most recent year of service will include the time he is planning to work in 2014 plus time he worked in the preceding 3 years until the time he worked for the hospital totals 1 year. Federal tax form 1040x If the total time he worked is less than 1 year, Floyd will treat it as if it were 1 year. Federal tax form 1040x He figures his most recent year of service shown in the following list. Federal tax form 1040x Time he will work in 2014 is 6/12 of a year. Federal tax form 1040x Time worked in 2013 is 4/12 of a year. Federal tax form 1040x All of this time will be used to determine Floyd's most recent year of service. Federal tax form 1040x Time worked in 2012 is 4/12 of a year. Federal tax form 1040x Floyd only needs 2 months of the 4 months he worked in 2012 to have enough time to total 1 full year. Federal tax form 1040x Because he needs only one-half of the actual time he worked, Floyd will use only one-half of his income earned during that period to calculate wages that will be used in figuring his includible compensation. Federal tax form 1040x Using the information provided in Table 3-3, wages for Floyd's most recent year of service are $66,000 ($42,000 + $16,000 + $8,000). Federal tax form 1040x His includible compensation for his most recent year of service is figured as shown in Table 3-4. Federal tax form 1040x After figuring his includible compensation, Floyd determines his limit on annual additions for 2014 to be $52,000, the lesser of his includible compensation, $70,475 (Table 3-4), and the maximum amount of $52,000. Federal tax form 1040x Table 3-4. Federal tax form 1040x Worksheet B. Federal tax form 1040x Includible Compensation for Your Most Recent Year of Service1 Note. Federal tax form 1040x Use this worksheet to figure includible compensation for your most recent year of service. Federal tax form 1040x 1. Federal tax form 1040x Enter your includible wages from the employer maintaining your 403(b) account for your most recent year of service 1. Federal tax form 1040x $66,000 2. Federal tax form 1040x Enter elective deferrals excluded from your gross income for your most recent year of service2 2. Federal tax form 1040x 4,4753 3. Federal tax form 1040x Enter amounts contributed or deferred by your employer under a cafeteria plan for your most recent year of service 3. Federal tax form 1040x -0- 4. Federal tax form 1040x Enter amounts contributed or deferred by your employer according to your election to your 457 account (a nonqualified plan of a state or local government, or of a tax-exempt organization) for your most recent year of service 4. Federal tax form 1040x -0- 5. Federal tax form 1040x Enter pre-tax contributions (employer's contributions made on your behalf according to your election) to a qualified transportation fringe benefit plan for your most recent year of service 5. Federal tax form 1040x -0- 6. Federal tax form 1040x Enter your foreign earned income exclusion for your most recent year of service 6. Federal tax form 1040x -0- 7. Federal tax form 1040x Add lines 1, 2, 3, 4, 5, and 6 7. Federal tax form 1040x 70,475 8. Federal tax form 1040x Enter the cost of incidental life insurance that is part of your annuity contract for your most recent year of service 8. Federal tax form 1040x -0- 9. Federal tax form 1040x Enter compensation that was both: Earned during your most recent year of service, and Earned while your employer was not qualified to maintain a 403(b) plan 9. Federal tax form 1040x -0- 10. Federal tax form 1040x Add lines 8 and 9 10. Federal tax form 1040x -0- 11. Federal tax form 1040x Subtract line 10 from line 7. Federal tax form 1040x This is your includible compensation for your most recent year of service 11. Federal tax form 1040x 70,475 1Use estimated amounts if figuring includible compensation before the end of the year. Federal tax form 1040x 2Elective deferrals made to a designated Roth account are not excluded from your gross income and should not be included on this line. Federal tax form 1040x  3$4,475 ($2,000 + $1,650 + $825). 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