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Federal Tax Forms 2012 1040

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Federal Tax Forms 2012 1040

Federal tax forms 2012 1040 Internal Revenue Bulletin:  2011-12  March 21, 2011  Rev. Federal tax forms 2012 1040 Proc. Federal tax forms 2012 1040 2011-21 Table of Contents SECTION 1. Federal tax forms 2012 1040 PURPOSE SECTION 2. Federal tax forms 2012 1040 BACKGROUND SECTION 3. Federal tax forms 2012 1040 SCOPE SECTION 4. Federal tax forms 2012 1040 APPLICATION SECTION 5. Federal tax forms 2012 1040 EFFECTIVE DATE SECTION 6. Federal tax forms 2012 1040 EFFECT ON OTHER DOCUMENTS SECTION 7. Federal tax forms 2012 1040 DRAFTING INFORMATION SECTION 1. Federal tax forms 2012 1040 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 2011, including separate tables of limitations on depreciation deductions for trucks and vans; (2) the amounts that must be included in income by lessees of passenger automobiles first leased by the taxpayer during calendar year 2011, including a separate table of inclusion amounts for lessees of trucks and vans; and (3) revised tables of depreciation limitations and lessee inclusion amounts for passenger automobiles that were first placed in service or first leased by the taxpayer, respectively, during 2010 and to which the 50 percent additional first year depreciation deduction under § 168(k)(1)(A) of the Internal Revenue Code or the 100 percent additional first year depreciation deduction under § 168(k)(5) applies. Federal tax forms 2012 1040 The tables detailing these depreciation limitations and lessee inclusion amounts reflect the automobile price inflation adjustments required by § 280F(d)(7). Federal tax forms 2012 1040 SECTION 2. Federal tax forms 2012 1040 BACKGROUND . Federal tax forms 2012 1040 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. Federal tax forms 2012 1040 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. Federal tax forms 2012 1040 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. Federal tax forms 2012 1040 This change reflects the higher rate of price inflation for trucks and vans since 1988. Federal tax forms 2012 1040 . Federal tax forms 2012 1040 02 Section 2022(a) of the Small Business Jobs Act of 2010, Pub. Federal tax forms 2012 1040 L. Federal tax forms 2012 1040 No. Federal tax forms 2012 1040 111-240, 124 Stat. Federal tax forms 2012 1040 2504 (September 27, 2010), extended the 50 percent additional first year depreciation deduction under § 168(k) to qualified property (as defined in § 168(k)(2)) acquired by the taxpayer after December 31, 2007, and before January 1, 2011, 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, 2011. Federal tax forms 2012 1040 Section 401(a) of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, Pub. Federal tax forms 2012 1040 L. Federal tax forms 2012 1040 No. Federal tax forms 2012 1040 111-312, 124 Stat. Federal tax forms 2012 1040 3296 (Dec. Federal tax forms 2012 1040 17, 2010) (the “Act”) further 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, 2013, 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, 2013. Federal tax forms 2012 1040 Section 401(b) of the Act further amended § 168(k) by adding § 168(k)(5). Federal tax forms 2012 1040 It allows a 100 percent additional first year depreciation deduction for qualified property acquired by a taxpayer after September 8, 2010, and before January 1, 2012, if the taxpayer places the property in service generally before January 1, 2012. Federal tax forms 2012 1040 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. Federal tax forms 2012 1040 . Federal tax forms 2012 1040 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). Federal tax forms 2012 1040 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. Federal tax forms 2012 1040 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, 2010, that is round 2 extension property (as defined in § 168(k)(4)(I)(iv). Federal tax forms 2012 1040 Accordingly, this revenue procedure provides tables for passenger automobiles for which the § 168(k) additional first year depreciation deduction applies. Federal tax forms 2012 1040 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 2011 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. Federal tax forms 2012 1040 . Federal tax forms 2012 1040 04 Section 280F(c) requires a reduction in the deduction allowed to the lessee of a leased passenger automobile. Federal tax forms 2012 1040 The reduction must be substantially equivalent to the limitations on the depreciation deductions imposed on owners of passenger automobiles. Federal tax forms 2012 1040 Under § 1. Federal tax forms 2012 1040 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. Federal tax forms 2012 1040 One table applies to lessees of trucks and vans and another table applies to all other passenger automobiles. Federal tax forms 2012 1040 Each table shows inclusion amounts for a range of fair market values for each taxable year after the passenger automobile is first leased. Federal tax forms 2012 1040 SECTION 3. Federal tax forms 2012 1040 SCOPE . Federal tax forms 2012 1040 01 The limitations on depreciation deductions in section 4. Federal tax forms 2012 1040 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 2011, and continue to apply for each taxable year that the passenger automobile remains in service. Federal tax forms 2012 1040 . Federal tax forms 2012 1040 02 The tables in section 4. Federal tax forms 2012 1040 02 of this revenue procedure apply to leased passenger automobiles for which the lease term begins during calendar year 2011. Federal tax forms 2012 1040 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. Federal tax forms 2012 1040 See Rev. Federal tax forms 2012 1040 Proc. Federal tax forms 2012 1040 2006-18, 2006-1 C. Federal tax forms 2012 1040 B. Federal tax forms 2012 1040 645, for passenger automobiles first leased during calendar year 2006; Rev. Federal tax forms 2012 1040 Proc. Federal tax forms 2012 1040 2007-30, 2007-1 C. Federal tax forms 2012 1040 B. Federal tax forms 2012 1040 1104, for passenger automobiles first leased during calendar year 2007; Rev. Federal tax forms 2012 1040 Proc. Federal tax forms 2012 1040 2008-22, 2008-1 C. Federal tax forms 2012 1040 B. Federal tax forms 2012 1040 658, for passenger automobiles first leased during calendar year 2008; Rev. Federal tax forms 2012 1040 Proc. Federal tax forms 2012 1040 2009-24, 2009-1 C. Federal tax forms 2012 1040 B. Federal tax forms 2012 1040 885, for passenger automobiles first leased during calendar year 2009; and Rev. Federal tax forms 2012 1040 Proc. Federal tax forms 2012 1040 2010-18, 2010-1 C. Federal tax forms 2012 1040 B. Federal tax forms 2012 1040 427, as amplified and modified by section 4. Federal tax forms 2012 1040 03 of this revenue procedure, for passenger automobiles first leased during calendar year 2010. Federal tax forms 2012 1040 SECTION 4. Federal tax forms 2012 1040 APPLICATION . Federal tax forms 2012 1040 01 Limitations on Depreciation Deductions for Certain Automobiles. Federal tax forms 2012 1040 (1) Amount of the inflation adjustment. Federal tax forms 2012 1040 (a) Passenger automobiles (other than trucks or vans). Federal tax forms 2012 1040 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. Federal tax forms 2012 1040 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. Federal tax forms 2012 1040 The new car component of the CPI was 115. Federal tax forms 2012 1040 2 for October 1987 and 137. Federal tax forms 2012 1040 880 for October 2010. Federal tax forms 2012 1040 The October 2010 index exceeded the October 1987 index by 22. Federal tax forms 2012 1040 680. Federal tax forms 2012 1040 Therefore, the automobile price inflation adjustment for 2011 for passenger automobiles (other than trucks and vans) is 19. Federal tax forms 2012 1040 69 percent (22. Federal tax forms 2012 1040 680/115. Federal tax forms 2012 1040 2 x 100%). Federal tax forms 2012 1040 The dollar limitations in § 280F(a) are multiplied by a factor of 0. Federal tax forms 2012 1040 1969, 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 2011. Federal tax forms 2012 1040 This adjustment applies to all passenger automobiles (other than trucks and vans) that are first placed in service in calendar year 2011. Federal tax forms 2012 1040 (b) Trucks and vans. Federal tax forms 2012 1040 To determine the dollar limitations for trucks and vans first placed in service during calendar year 2011, the Service uses the new truck component of the CPI instead of the new car component. Federal tax forms 2012 1040 The new truck component of the CPI was 112. Federal tax forms 2012 1040 4 for October 1987 and 142. Federal tax forms 2012 1040 556 for October 2010. Federal tax forms 2012 1040 The October 2010 index exceeded the October 1987 index by 30. Federal tax forms 2012 1040 156. Federal tax forms 2012 1040 Therefore, the automobile price inflation adjustment for 2011 for trucks and vans is 26. Federal tax forms 2012 1040 83 percent (30. Federal tax forms 2012 1040 156/112. Federal tax forms 2012 1040 4 x 100%). Federal tax forms 2012 1040 The dollar limitations in § 280F(a) are multiplied by a factor of 0. Federal tax forms 2012 1040 2683, 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. Federal tax forms 2012 1040 This adjustment applies to all trucks and vans that are first placed in service in calendar year 2011. Federal tax forms 2012 1040 (2) Amount of the limitation. Federal tax forms 2012 1040 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 2011. Federal tax forms 2012 1040 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 2011 for which the § 168(k) additional first year depreciation deduction applies. Federal tax forms 2012 1040 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 2011 for which the § 168(k) additional first year depreciation deduction does not apply. Federal tax forms 2012 1040 The Service intends to issue additional guidance addressing the interaction between the 100 percent additional first year depreciation deduction and § 280F(a) for the taxable years subsequent to the first taxable year. Federal tax forms 2012 1040 REV. Federal tax forms 2012 1040 PROC. Federal tax forms 2012 1040 2011-21 TABLE 1 DEPRECIATION LIMITATIONS FOR PASSENGER AUTOMOBILES (THAT ARE NOT TRUCKS OR VANS) PLACED IN SERVICE IN CALENDAR YEAR 2011 FOR WHICH THE § 168(k) ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION APPLIES Tax Year Amount 1st Tax Year $11,060 2nd Tax Year $4,900 3rd Tax Year $2,950 Each Succeeding Year $1,775 REV. Federal tax forms 2012 1040 PROC. Federal tax forms 2012 1040 2011-21 TABLE 2 DEPRECIATION LIMITATIONS FOR TRUCKS AND VANS PLACED IN SERVICE IN CALENDAR YEAR 2011 FOR WHICH THE § 168(k) ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION APPLIES Tax Year Amount 1st Tax Year $11,260 2nd Tax Year $5,200 3rd Tax Year $3,150 Each Succeeding Year $1,875 REV. Federal tax forms 2012 1040 PROC. Federal tax forms 2012 1040 2011-21 TABLE 3 DEPRECIATION LIMITATIONS FOR PASSENGER AUTOMOBILES (THAT ARE NOT TRUCKS OR VANS) PLACED IN SERVICE IN CALENDAR YEAR 2011 FOR WHICH THE § 168(k) ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION DOES NOT APPLY Tax Year Amount 1st Tax Year $3,060 2nd Tax Year $4,900 3rd Tax Year $2,950 Each Succeeding Year $1,775 REV. Federal tax forms 2012 1040 PROC. Federal tax forms 2012 1040 2011-21 TABLE 4 DEPRECIATION LIMITATIONS FOR TRUCKS AND VANS PLACED IN SERVICE IN CALENDAR YEAR 2011 FOR WHICH THE § 168(k) ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION DOES NOT APPLY Tax Year Amount 1st Tax Year $3,260 2nd Tax Year $5,200 3rd Tax Year $3,150 Each Succeeding Year $1,875 . Federal tax forms 2012 1040 02 Inclusions in Income of Lessees of Passenger Automobiles. Federal tax forms 2012 1040 A taxpayer must follow the procedures in § 1. Federal tax forms 2012 1040 280F-7(a) for determining the inclusion amounts for passenger automobiles first leased in calendar year 2011. Federal tax forms 2012 1040 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. Federal tax forms 2012 1040 REV. Federal tax forms 2012 1040 PROC. Federal tax forms 2012 1040 2011-21 TABLE 5 DOLLAR AMOUNTS FOR PASSENGER AUTOMOBILES (THAT ARE NOT TRUCKS OR VANS) WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2011 Fair Market Value of Passenger Automobile Tax Year During Lease Over Not Over 1st 2nd 3rd 4th 5th & later $18,500 $19,000 3 8 11 13 16 19,000 19,500 4 9 13 15 18 19,500 20,000 4 10 15 17 20 20,000 20,500 5 11 16 19 23 20,500 21,000 5 12 18 21 25 21,000 21,500 6 13 19 24 26 21,500 22,000 6 14 21 26 29 22,000 23,000 7 16 23 29 32 23,000 24,000 8 18 27 32 37 24,000 25,000 9 20 30 36 42 25,000 26,000 10 23 33 40 46 26,000 27,000 11 25 36 44 51 27,000 28,000 12 27 40 48 55 28,000 29,000 13 29 43 52 60 29,000 30,000 14 31 47 55 65 30,000 31,000 15 34 49 60 69 31,000 32,000 16 36 53 63 73 32,000 33,000 17 38 56 68 77 33,000 34,000 18 40 60 71 82 34,000 35,000 19 42 63 75 87 35,000 36,000 20 45 66 79 91 36,000 37,000 21 47 69 83 96 37,000 38,000 22 49 73 87 100 38,000 39,000 23 51 76 91 105 39,000 40,000 24 53 80 94 110 40,000 41,000 25 56 82 99 114 41,000 42,000 26 58 86 102 119 42,000 43,000 27 60 89 107 123 43,000 44,000 28 62 93 110 128 44,000 45,000 29 64 96 114 133 45,000 46,000 30 67 98 119 137 46,000 47,000 31 69 102 122 141 47,000 48,000 32 71 105 127 145 48,000 49,000 33 73 109 130 150 49,000 50,000 34 76 111 134 155 50,000 51,000 35 78 115 138 159 51,000 52,000 36 80 118 142 164 52,000 53,000 37 82 122 146 168 53,000 54,000 38 84 125 150 173 54,000 55,000 39 87 128 153 178 55,000 56,000 40 89 131 158 182 56,000 57,000 41 91 135 161 187 57,000 58,000 42 93 138 166 191 58,000 59,000 43 95 142 169 196 59,000 60,000 44 98 144 174 200 60,000 62,000 46 101 149 179 207 62,000 64,000 48 105 156 187 216 64,000 66,000 50 109 163 195 225 66,000 68,000 52 114 169 203 234 68,000 70,000 54 118 176 211 243 70,000 72,000 56 123 182 218 253 72,000 74,000 58 127 189 226 262 74,000 76,000 60 132 195 234 270 76,000 78,000 62 136 202 242 279 78,000 80,000 64 140 209 250 288 80,000 85,000 67 148 220 264 304 85,000 90,000 72 159 237 283 327 90,000 95,000 77 170 253 303 350 95,000 100,000 82 181 269 323 372 100,000 110,000 90 198 293 352 406 110,000 120,000 100 220 326 391 452 120,000 130,000 110 242 359 430 497 130,000 140,000 120 264 392 469 543 140,000 150,000 130 286 424 509 588 150,000 160,000 140 308 457 548 633 160,000 170,000 150 330 490 587 679 170,000 180,000 160 352 523 626 724 180,000 190,000 170 374 555 666 769 190,000 200,000 180 396 588 705 815 200,000 210,000 190 418 621 744 860 210,000 220,000 200 440 654 784 904 220,000 230,000 210 462 687 823 950 230,000 240,000 220 484 719 863 995 240,000 And up 230 506 752 902 1,040 REV. Federal tax forms 2012 1040 PROC. Federal tax forms 2012 1040 2011-21 TABLE 6 DOLLAR AMOUNTS FOR TRUCKS AND VANS WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2011 Fair Market Value of Truck or Van Tax Year During Lease Over Not Over 1st 2nd 3rd 4th 5th & later $19,000 $19,500 3 7 9 12 13 19,500 20,000 3 8 11 14 15 20,000 20,500 4 9 13 15 18 20,500 21,000 4 10 15 17 20 21,000 21,500 5 11 16 20 22 21,500 22,000 5 12 18 22 24 22,000 23,000 6 14 20 24 29 23,000 24,000 7 16 24 28 32 24,000 25,000 8 18 27 32 37 25,000 26,000 9 20 31 36 41 26,000 27,000 10 23 33 40 46 27,000 28,000 11 25 37 43 51 28,000 29,000 12 27 40 48 55 29,000 30,000 13 29 43 52 60 30,000 31,000 14 31 47 56 64 31,000 32,000 15 34 49 60 69 32,000 33,000 16 36 53 63 74 33,000 34,000 17 38 56 68 78 34,000 35,000 18 40 60 71 83 35,000 36,000 19 43 62 76 87 36,000 37,000 20 45 66 79 92 37,000 38,000 21 47 69 83 97 38,000 39,000 22 49 73 87 101 39,000 40,000 23 51 76 91 105 40,000 41,000 24 54 79 95 109 41,000 42,000 25 56 82 99 114 42,000 43,000 26 58 86 103 118 43,000 44,000 27 60 89 107 123 44,000 45,000 28 62 93 110 128 45,000 46,000 29 65 95 115 132 46,000 47,000 30 67 99 118 137 47,000 48,000 31 69 102 123 141 48,000 49,000 32 71 106 126 146 49,000 50,000 33 73 109 130 151 50,000 51,000 34 76 112 134 155 51,000 52,000 35 78 115 138 160 52,000 53,000 36 80 118 143 164 53,000 54,000 37 82 122 146 169 54,000 55,000 38 84 125 150 173 55,000 56,000 39 87 128 154 177 56,000 57,000 40 89 131 158 182 57,000 58,000 41 91 135 162 186 58,000 59,000 42 93 138 166 191 59,000 60,000 43 95 142 169 196 60,000 62,000 45 99 146 175 203 62,000 64,000 47 103 153 183 212 64,000 66,000 49 107 160 191 221 66,000 68,000 51 112 166 199 229 68,000 70,000 53 116 173 206 239 70,000 72,000 55 121 179 214 248 72,000 74,000 57 125 186 222 257 74,000 76,000 59 129 192 231 266 76,000 78,000 61 134 198 239 275 78,000 80,000 63 138 205 246 285 80,000 85,000 66 146 217 260 300 85,000 90,000 71 157 233 280 322 90,000 95,000 76 168 250 299 345 95,000 100,000 81 179 266 319 368 100,000 110,000 89 196 290 348 402 110,000 120,000 99 218 323 387 447 120,000 130,000 109 240 355 427 493 130,000 140,000 119 262 388 466 538 140,000 150,000 129 284 421 505 583 150,000 160,000 139 306 454 544 629 160,000 170,000 149 328 487 583 674 170,000 180,000 159 350 519 623 719 180,000 190,000 169 372 552 662 765 190,000 200,000 179 394 585 701 810 200,000 210,000 189 416 618 740 856 210,000 220,000 199 438 651 779 901 220,000 230,000 209 460 683 819 946 230,000 240,000 219 482 716 858 992 240,000 And up 229 504 749 897 1,037 . Federal tax forms 2012 1040 03 Revised Amounts for Passenger Automobiles Placed in Service During 2010. Federal tax forms 2012 1040 (1) Calculation of the Revised Amount. Federal tax forms 2012 1040 The revised depreciation limits provided in this section 4. Federal tax forms 2012 1040 03 were calculated by increasing the existing limitations on the first year allowance in Rev. Federal tax forms 2012 1040 Proc. Federal tax forms 2012 1040 2010-18 by $8,000 as provided in § 168(k)(2)(F)(i). Federal tax forms 2012 1040 (2) Amount of the Revised Limitation. Federal tax forms 2012 1040 For passenger automobiles (that are not trucks or vans) placed in service by the taxpayer in calendar year 2010 for which the § 168(k) additional first year depreciation deduction applies, Table 7 of this revenue procedure contains the revised dollar amount of the depreciation limitations for each taxable year. Federal tax forms 2012 1040 For trucks or vans placed in service by the taxpayer in calendar year 2010 for which the § 168(k) additional first year depreciation deduction applies, Table 8 of this revenue procedure contains the revised dollar amount of the depreciation limitations for each taxable year. Federal tax forms 2012 1040 If the § 168(k) additional first year depreciation deduction does not apply to a passenger automobile placed in service by the taxpayer in calendar year 2010, the depreciation limitations for each taxable year in Tables 1 and 2 of Rev. Federal tax forms 2012 1040 Proc. Federal tax forms 2012 1040 2010-18 apply. Federal tax forms 2012 1040 REV. Federal tax forms 2012 1040 PROC. Federal tax forms 2012 1040 2011-21 TABLE 7 DEPRECIATION LIMITATIONS FOR PASSENGER AUTOMOBILES (THAT ARE NOT TRUCKS OR VANS) PLACED IN SERVICE IN CALENDAR YEAR 2010 FOR WHICH THE § 168(k) ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION APPLIES Tax Year Amount 1st Tax Year $11,060 2nd Tax Year $4,900 3rd Tax Year $2,950 Each Succeeding Year $1,775 REV. Federal tax forms 2012 1040 PROC. Federal tax forms 2012 1040 2011-21 TABLE 8 DEPRECIATION LIMITATIONS FOR TRUCKS AND VANS PLACED IN SERVICE IN CALENDAR YEAR 2010 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 (3) Modification to lease inclusion amounts for 2010. Federal tax forms 2012 1040 The lease inclusion amounts in Tables 3 and 4 of Rev. Federal tax forms 2012 1040 Proc. Federal tax forms 2012 1040 2010-18 are modified by striking the first four lines of the inclusion amounts in each table. Federal tax forms 2012 1040 Consequently, Table 3 of Rev. Federal tax forms 2012 1040 Proc. Federal tax forms 2012 1040 2010-18 applies to passenger automobiles (other than trucks and vans) that are first leased by the taxpayer in calendar year 2010 with a fair market value over $18,500, and Table 4 of Rev. Federal tax forms 2012 1040 Proc. Federal tax forms 2012 1040 2010-18 applies to trucks and vans that are first leased by the taxpayer in calendar year 2010 with a fair market value over $19,000. Federal tax forms 2012 1040 SECTION 5. Federal tax forms 2012 1040 EFFECTIVE DATE This revenue procedure, with the exception of section 4. Federal tax forms 2012 1040 03, applies to passenger automobiles that a taxpayer first places in service or first leases during calendar year 2011. Federal tax forms 2012 1040 Section 4. Federal tax forms 2012 1040 03 of this revenue procedure applies to passenger automobiles that a taxpayer first places in service or first leases during calendar year 2010. Federal tax forms 2012 1040 SECTION 6. Federal tax forms 2012 1040 EFFECT ON OTHER DOCUMENTS Rev. Federal tax forms 2012 1040 Proc. Federal tax forms 2012 1040 2010-18 is amplified and modified. Federal tax forms 2012 1040 SECTION 7. Federal tax forms 2012 1040 DRAFTING INFORMATION The principal author of this revenue procedure is Bernard P. Federal tax forms 2012 1040 Harvey of the Office of Associate Chief Counsel (Income Tax & Accounting). Federal tax forms 2012 1040 For further information regarding this revenue procedure, contact Mr. Federal tax forms 2012 1040 Harvey at (202) 622-4930 (not a toll-free call). Federal tax forms 2012 1040 Prev  Up  Next   Home   More Internal Revenue Bulletins
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The Federal Tax Forms 2012 1040

Federal tax forms 2012 1040 Internal Revenue Bulletin:  2013-12  March 18, 2013  Rev. Federal tax forms 2012 1040 Proc. Federal tax forms 2012 1040 2013-21 Table of Contents SECTION 1. Federal tax forms 2012 1040 PURPOSE SECTION 2. Federal tax forms 2012 1040 BACKGROUND SECTION 3. Federal tax forms 2012 1040 SCOPE SECTION 4. Federal tax forms 2012 1040 APPLICATION. Federal tax forms 2012 1040 01 Limitations on Depreciation Deductions for Certain Automobiles. Federal tax forms 2012 1040 . Federal tax forms 2012 1040 02 Inclusions in Income of Lessees of Passenger Automobiles. Federal tax forms 2012 1040 SECTION 5. Federal tax forms 2012 1040 EFFECTIVE DATE SECTION 6. Federal tax forms 2012 1040 DRAFTING INFORMATION SECTION 1. Federal tax forms 2012 1040 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. Federal tax forms 2012 1040 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. Federal tax forms 2012 1040 SECTION 2. Federal tax forms 2012 1040 BACKGROUND . Federal tax forms 2012 1040 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. Federal tax forms 2012 1040 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. Federal tax forms 2012 1040 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. Federal tax forms 2012 1040 This change reflects the higher rate of price inflation for trucks and vans since 1988. Federal tax forms 2012 1040 . Federal tax forms 2012 1040 02 Section 331(a) of the American Taxpayer Relief Act of 2012, Pub. Federal tax forms 2012 1040 L. Federal tax forms 2012 1040 No. Federal tax forms 2012 1040 112-240, 126 Stat. Federal tax forms 2012 1040 2313 (Jan. Federal tax forms 2012 1040 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. Federal tax forms 2012 1040 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. Federal tax forms 2012 1040 . Federal tax forms 2012 1040 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). Federal tax forms 2012 1040 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. Federal tax forms 2012 1040 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)). Federal tax forms 2012 1040 Accordingly, this revenue procedure provides tables for passenger automobiles for which the § 168(k) additional first year depreciation deduction applies. Federal tax forms 2012 1040 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. Federal tax forms 2012 1040 . Federal tax forms 2012 1040 04 Section 280F(c) requires a reduction in the deduction allowed to the lessee of a leased passenger automobile. Federal tax forms 2012 1040 The reduction must be substantially equivalent to the limitations on the depreciation deductions imposed on owners of passenger automobiles. Federal tax forms 2012 1040 Under § 1. Federal tax forms 2012 1040 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. Federal tax forms 2012 1040 One table applies to lessees of trucks and vans and another table applies to all other passenger automobiles. Federal tax forms 2012 1040 Each table shows inclusion amounts for a range of fair market values for each taxable year after the passenger automobile is first leased. Federal tax forms 2012 1040 SECTION 3. Federal tax forms 2012 1040 SCOPE . Federal tax forms 2012 1040 01 The limitations on depreciation deductions in section 4. Federal tax forms 2012 1040 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. Federal tax forms 2012 1040 . Federal tax forms 2012 1040 02 The tables in section 4. Federal tax forms 2012 1040 02 of this revenue procedure apply to leased passenger automobiles for which the lease term begins during calendar year 2013. Federal tax forms 2012 1040 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. Federal tax forms 2012 1040 See Rev. Federal tax forms 2012 1040 Proc. Federal tax forms 2012 1040 2008-22, 2008-1 C. Federal tax forms 2012 1040 B. Federal tax forms 2012 1040 658, for passenger automobiles first leased during calendar year 2008; Rev. Federal tax forms 2012 1040 Proc. Federal tax forms 2012 1040 2009-24, 2009-17 I. Federal tax forms 2012 1040 R. Federal tax forms 2012 1040 B. Federal tax forms 2012 1040 885, for passenger automobiles first leased during calendar year 2009; Rev. Federal tax forms 2012 1040 Proc. Federal tax forms 2012 1040 2010-18, 2010-09 I. Federal tax forms 2012 1040 R. Federal tax forms 2012 1040 B. Federal tax forms 2012 1040 427, as amplified and modified by section 4. Federal tax forms 2012 1040 03 of Rev. Federal tax forms 2012 1040 Proc. Federal tax forms 2012 1040 2011-21, 2011-12 I. Federal tax forms 2012 1040 R. Federal tax forms 2012 1040 B. Federal tax forms 2012 1040 560, for passenger automobiles first leased during calendar year 2010; Rev. Federal tax forms 2012 1040 Proc. Federal tax forms 2012 1040 2011-21, for passenger automobiles first leased during calendar year 2011; and Rev. Federal tax forms 2012 1040 Proc. Federal tax forms 2012 1040 2012-23, 2012-14 I. Federal tax forms 2012 1040 R. Federal tax forms 2012 1040 B. Federal tax forms 2012 1040 712, for passenger automobiles first leased during calendar year 2012. Federal tax forms 2012 1040 SECTION 4. Federal tax forms 2012 1040 APPLICATION . Federal tax forms 2012 1040 01 Limitations on Depreciation Deductions for Certain Automobiles. Federal tax forms 2012 1040 (1) Amount of the inflation adjustment. Federal tax forms 2012 1040 (a) Passenger automobiles (other than trucks or vans). Federal tax forms 2012 1040 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. Federal tax forms 2012 1040 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. Federal tax forms 2012 1040 The new car component of the CPI was 115. Federal tax forms 2012 1040 2 for October 1987 and 143. Federal tax forms 2012 1040 787 for October 2012. Federal tax forms 2012 1040 The October 2012 index exceeded the October 1987 index by 28. Federal tax forms 2012 1040 587. Federal tax forms 2012 1040 Therefore, the automobile price inflation adjustment for 2013 for passenger automobiles (other than trucks and vans) is 24. Federal tax forms 2012 1040 8 percent (28. Federal tax forms 2012 1040 587/115. Federal tax forms 2012 1040 2 x 100%). Federal tax forms 2012 1040 The dollar limitations in § 280F(a) are multiplied by a factor of 0. Federal tax forms 2012 1040 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. Federal tax forms 2012 1040 This adjustment applies to all passenger automobiles (other than trucks and vans) that are first placed in service in calendar year 2013. Federal tax forms 2012 1040 (b) Trucks and vans. Federal tax forms 2012 1040 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. Federal tax forms 2012 1040 The new truck component of the CPI was 112. Federal tax forms 2012 1040 4 for October 1987 and 149. Federal tax forms 2012 1040 386 for October 2012. Federal tax forms 2012 1040 The October 2012 index exceeded the October 1987 index by 36. Federal tax forms 2012 1040 986. Federal tax forms 2012 1040 Therefore, the automobile price inflation adjustment for 2013 for trucks and vans is 32. Federal tax forms 2012 1040 9 percent (36. Federal tax forms 2012 1040 986/112. Federal tax forms 2012 1040 4 x 100%). Federal tax forms 2012 1040 The dollar limitations in § 280F(a) are multiplied by a factor of 0. Federal tax forms 2012 1040 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. Federal tax forms 2012 1040 This adjustment applies to all trucks and vans that are first placed in service in calendar year 2013. Federal tax forms 2012 1040 (2) Amount of the limitation. Federal tax forms 2012 1040 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. Federal tax forms 2012 1040 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. Federal tax forms 2012 1040 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. Federal tax forms 2012 1040 REV. Federal tax forms 2012 1040 PROC. Federal tax forms 2012 1040 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. Federal tax forms 2012 1040 PROC. Federal tax forms 2012 1040 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. Federal tax forms 2012 1040 PROC. Federal tax forms 2012 1040 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. Federal tax forms 2012 1040 PROC. Federal tax forms 2012 1040 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 . Federal tax forms 2012 1040 02 Inclusions in Income of Lessees of Passenger Automobiles. Federal tax forms 2012 1040 A taxpayer must follow the procedures in § 1. Federal tax forms 2012 1040 280F-7(a) for determining the inclusion amounts for passenger automobiles first leased in calendar year 2013. Federal tax forms 2012 1040 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. Federal tax forms 2012 1040 REV. Federal tax forms 2012 1040 PROC. Federal tax forms 2012 1040 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. Federal tax forms 2012 1040 PROC. Federal tax forms 2012 1040 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. Federal tax forms 2012 1040 EFFECTIVE DATE This revenue procedure applies to passenger automobiles that a taxpayer first places in service or first leases during calendar year 2013. Federal tax forms 2012 1040 SECTION 6. Federal tax forms 2012 1040 DRAFTING INFORMATION The principal author of this revenue procedure is Bernard P. Federal tax forms 2012 1040 Harvey of the Office of Associate Chief Counsel (Income Tax & Accounting). Federal tax forms 2012 1040 For further information regarding this revenue procedure, contact Mr. Federal tax forms 2012 1040 Harvey at (202) 622-4930 (not a toll-free call). Federal tax forms 2012 1040 Prev  Up  Next   Home   More Internal Revenue Bulletins