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File 1040ez 9. File 1040ez Education Exception to Additional Tax on Early IRA Distributions Table of Contents Introduction Who Is Eligible Figuring the Amount Not Subject to the 10% Tax Reporting Early Distributions Introduction Generally, if you take a distribution from your IRA before you reach age 59½, you must pay a 10% additional tax on the early distribution. File 1040ez This applies to any IRA you own, whether it is a traditional IRA (including a SEP-IRA), a Roth IRA, or a SIMPLE IRA. File 1040ez The additional tax on an early distribution from a SIMPLE IRA may be as high as 25%. File 1040ez See Publication 560, Retirement Plans for Small Business, for information on SEP-IRAs, and Publication 590, for information about all other IRAs. File 1040ez However, you can take distributions from your IRAs for qualified higher education expenses without having to pay the 10% additional tax. File 1040ez You may owe income tax on at least part of the amount distributed, but you may not have to pay the 10% additional tax. File 1040ez Generally, if the taxable part of the distribution is less than or equal to the adjusted qualified education expenses (AQEE), none of the distribution is subject to the additional tax. File 1040ez If the taxable part of the distribution is more than the AQEE, only the excess is subject to the additional tax. File 1040ez Who Is Eligible You can take a distribution from your IRA before you reach age 59½ and not have to pay the 10% additional tax if, for the year of the distribution, you pay qualified education expenses for: yourself, your spouse, or your or your spouse's child, foster child, adopted child, or descendant of any of them. File 1040ez Qualified education expenses. File 1040ez For purposes of the 10% additional tax, these expenses are tuition, fees, books, supplies, and equipment required for enrollment or attendance at an eligible educational institution. File 1040ez They also include expenses for special needs services incurred by or for special needs students in connection with their enrollment or attendance. File 1040ez In addition, if the student is at least a half-time student, room and board are qualified education expenses. File 1040ez The expense for room and board qualifies only to the extent that it is not more than the greater of the following two amounts. File 1040ez The allowance for room and board, as determined by the eligible educational institution, that was included in the cost of attendance (for federal financial aid purposes) for a particular academic period and living arrangement of the student. File 1040ez The actual amount charged if the student is residing in housing owned or operated by the eligible educational institution. File 1040ez You will need to contact the eligible educational institution for qualified room and board costs. File 1040ez Eligible educational institution. File 1040ez An eligible educational institution is any college, university, vocational school, or other postsecondary educational institution eligible to participate in a student aid program administered by the U. File 1040ez S. File 1040ez Department of Education. File 1040ez It includes virtually all accredited public, nonprofit, and proprietary (privately owned profit-making) postsecondary institutions. File 1040ez The educational institution should be able to tell you if it is an eligible educational institution. File 1040ez Certain educational institutions located outside the United States also participate in the U. File 1040ez S. File 1040ez Department of Education's Federal Student Aid (FSA) programs. File 1040ez Half-time student. File 1040ez A student is enrolled “at least half-time” if he or she is enrolled for at least half the full-time academic work load for the course of study the student is pursuing as determined under the standards of the school where the student is enrolled. File 1040ez Figuring the Amount Not Subject to the 10% Tax To determine the amount of your distribution that is not subject to the 10% additional tax, first figure your adjusted qualified education expenses. File 1040ez You do this by reducing your total qualified education expenses by any tax-free educational assistance, which includes: Expenses used to figure the tax-free portion of distributions from a Coverdell education savings account (ESA) (see Distributions in chapter 7, Coverdell Education Savings Account), The tax-free part of scholarships and fellowships (see Tax-Free Scholarships and Fellowships in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions), Pell grants (see Pell Grants and Other Title IV Need-Based Education Grants in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions), Veterans' educational assistance (see Veterans' Benefits in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions), Employer-provided educational assistance (see chapter 11, Employer-Provided Educational Assistance ), and Any other nontaxable (tax-free) payments (other than gifts or inheritances) received as educational assistance. File 1040ez Do not reduce the qualified education expenses by amounts paid with funds the student receives as: Payment for services, such as wages, A loan, A gift, An inheritance given to either the student or the individual making the withdrawal, or A withdrawal from personal savings (including savings from a qualified tuition program (QTP)). File 1040ez If your IRA distribution is equal to or less than your adjusted qualified education expenses, you are not subject to the 10% additional tax. File 1040ez Example 1. File 1040ez In 2013, Erin (age 32) took a year off from teaching to attend graduate school full-time. File 1040ez She paid $5,800 of qualified education expenses from the following sources. File 1040ez Employer-provided educational assistance (tax free) $5,000 Early distribution from IRA (includes $500 taxable earnings) 3,200 Before Erin can determine if she must pay the 10% additional tax on her IRA distribution, she must reduce her total qualified education expenses. File 1040ez Total qualified education expenses $5,800 Minus: Tax-free educational assistance −5,000 Equals: Adjusted qualified education expenses (AQEE) $ 800 Because Erin's AQEE ($800) are more than the taxable portion of her IRA distribution ($500), she does not have to pay the 10% additional tax on any part of this distribution. File 1040ez However, she must include the $500 taxable earnings in her gross income subject to income tax. File 1040ez Example 2. File 1040ez Assume the same facts as in Example 1 , except that Erin deducted some of the contributions to her IRA, so the taxable part of her early distribution is higher by $1,000. File 1040ez This must be included in her income subject to income tax. File 1040ez The taxable part of Erin's IRA distribution ($1,000) is larger than her $800 AQEE. File 1040ez Therefore, she must pay the 10% additional tax on $200, the taxable part of her distribution ($1,000) that is more than her qualified education expenses ($800). File 1040ez She does not have to pay the 10% additional tax on the remaining $800 of her taxable distribution. File 1040ez Reporting Early Distributions By January 31, 2014, the payer of your IRA distribution should send you Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. File 1040ez The information on this form will help you determine how much of your distribution is taxable for income tax purposes and how much is subject to the 10% additional tax. File 1040ez If you received an early distribution from your IRA, you must report the taxable earnings on Form 1040, line 15b (Form 1040NR, line 16b). File 1040ez Then, if you qualify for an exception for qualified higher education expenses, you must file Form 5329 to show how much, if any, of your early distribution is subject to the 10% additional tax. File 1040ez See the Instructions for Form 5329, Part I, for help in completing the form and entering the results on Form 1040 or 1040NR. File 1040ez There are many other situations in which Form 5329 is required. File 1040ez If, during 2013, you had other distributions from IRAs or qualified retirement plans, or have made excess contributions to certain tax-favored accounts, see the instructions for line 58 (Form 1040) or line 56 (Form 1040NR) to determine if you must file Form 5329. File 1040ez Prev Up Next Home More Online Publications
The IRS is committed to working with taxpayers who are the victims of identity theft
The IRS has taken numerous steps to combat identity theft and protect taxpayers. We are continually looking at ways to increase data security and protect taxpayers' identities with assistance from our Identity Protection Specialized Unit. Identity theft cases are among the most complex ones we handle.
We know identity theft is a frustrating process for victims. We take this issue very seriously and continue to expand on our robust screening process in order to stop fraudulent returns and protect innocent taxpayers.
On this page, you will find a wide range of information. Depending upon your personal circumstances, the information found here will cover a variety of scenarios involving identity theft, ranging from contacting us with a case of identity theft to providing tips to help keep your records safe.
- Victim of identity theft?
Do you have reason to believe you are the victim of identity theft and your tax accounts have been affected?
Have you been informed that someone may be using your Social Security number for employment purposes?
The IRS does not initiate contact with taxpayers by email to request personal or financial information. This includes any type of electronic communication, such as text messages and social media channels.
Page Last Reviewed or Updated: 13-Mar-2014
The File 1040ez
File 1040ez Index A Alternative annuity option How to report, How to report. File 1040ez Lump-sum payment, Alternative Annuity Option Annual leave, Annual leave. File 1040ez Annuity Starting date, Annuity starting date. File 1040ez Statement, Annuity statement. File 1040ez With survivor benefit, CSRS or FERS Survivor Annuity Without survivor benefit, Choosing a survivor annuity after retirement. File 1040ez Assistance (see Tax help) B Benefits, how to report, How To Report Benefits C Child's temporary annuity, Surviving spouse with child. File 1040ez Community property laws, Community property laws. File 1040ez Contributions, refund of, Refund of Contributions Cost (contributions to retirement plan), Your cost. File 1040ez Credit for the elderly or the disabled, Credit for the Elderly or the Disabled D Death benefit, FERS Death Benefit Deduction for estate tax, Income Tax Deduction for Estate Tax Paid Disability retirement, Part III Rules for Disability Retirement and Credit for the Elderly or the Disabled Disabled child, Disabled child. File 1040ez Distributions Qualified domestic relations order (QDRO), Qualified domestic relations order (QDRO). File 1040ez Withholding from TSP payments, Withholding from certain lump-sum payments. File 1040ez E Estate tax, Federal Estate Tax, Income Tax Deduction for Estate Tax Paid Estimated tax, Tax Withholding and Estimated Tax, Estimated tax. File 1040ez F Federal Employees' Compensation Act (FECA), Federal Employees' Compensation Act (FECA). File 1040ez Filing requirements, Filing Requirements Form 1099-R, Withholding from Thrift Savings Plan payments. File 1040ez CSA 1099R, Form CSA 1099R. File 1040ez CSF 1099R, Form CSF 1099R. File 1040ez W-4P-A, Withholding certificate. File 1040ez Free tax services, Free help with your tax return. File 1040ez G General Rule, General Rule, General Rule. File 1040ez Gift tax, Federal Gift Tax H Help (see Tax help) I Income in respect of a decedent, Income Tax Deduction for Estate Tax Paid Income tax withholding, Tax Withholding and Estimated Tax, Withholding. File 1040ez L Lump-sum CSRS or FERS payment, Lump-Sum CSRS or FERS Payment, Lump-Sum CSRS or FERS Payment Lump-sum payment Alternative annuity option, Alternative Annuity Option Installments, Lump-sum payment in installments. File 1040ez Withholding, Withholding from certain lump-sum payments. File 1040ez M Mandatory retirement age, Mandatory retirement age. File 1040ez Marital deduction, Marital deduction. File 1040ez Minimum retirement age, Minimum retirement age. File 1040ez N Nonresident alien retiree, Nonresident Aliens P Permanently and totally disabled, Permanently and totally disabled. File 1040ez Physician's statement, Physician's statement. File 1040ez Public safety officers Dependents, Dependents of public safety officers. File 1040ez Insurance premiums, Distributions Used To Pay Insurance Premiums for Public Safety Officers Survivors, Survivors of Slain Public Safety Officers Publications (see Tax help) Q Qualified domestic relations order (QDRO), Qualified domestic relations order (QDRO). File 1040ez R Reemployment after retirement, Reemployment After Retirement Refund of contributions, Refund of Contributions Retirees, rules for, Part II Rules for Retirees Retirement during the past year, Retirement During the Past Year Rollovers Nonspouse beneficiary, Rollovers by nonspouse beneficiary. File 1040ez Rollover rules, Rollover Rules To Roth IRAs, Rollovers to Roth IRAs Roth Thrift Savings Plan, Roth TSP balance. File 1040ez S Simplified Method, Simplified Method, Simplified Method. File 1040ez Substantial gainful activity, Permanently and totally disabled. File 1040ez Survivor annuity, Choosing a survivor annuity after retirement. File 1040ez , CSRS or FERS Survivor Annuity, CSRS or FERS Survivor Annuity Survivors of federal employees, Part IV Rules for Survivors of Federal Employees Survivors of federal retirees, Part V Rules for Survivors of Federal Retirees T Tax help, How To Get Tax Help Thrift Savings Plan, Thrift Savings Plan. File 1040ez , Thrift Savings Plan Roth option, Roth TSP balance. File 1040ez TTY/TDD information, How To Get Tax Help U Uniformed services Thrift Savings Plan, Reminders Unused annual leave, Payment for unused annual leave. File 1040ez V Voluntary contributions, Voluntary contributions. File 1040ez , Voluntary contributions. File 1040ez , Voluntary Contributions W Withholding certificate, Withholding certificate. File 1040ez Withholding of income tax, Tax Withholding and Estimated Tax, Withholding. File 1040ez Worksheets Lump-sum payment at end of survivor annuity, Lump-sum payment at end of survivor annuity. File 1040ez Lump-sum payment to the estate or other beneficiary, Lump-Sum CSRS or FERS Payment Nonresident alien retiree, Nonresident Aliens Simplified Method, Worksheet A. File 1040ez Simplified Method Prev Up Home More Online Publications