File your Taxes for Free!
  • Get your maximum refund*
  • 100% accurate calculations guaranteed*

TurboTax Federal Free Edition - File Taxes Online

Don't let filing your taxes get you down! We'll help make it as easy as possible. With e-file and direct deposit, there's no faster way to get your refund!

Approved TurboTax Affiliate Site. TurboTax and TurboTax Online, among others, are registered trademarks and/or service marks of Intuit Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of the respective owners.


© 2012 - 2018 All rights reserved.

This is an Approved TurboTax Affiliate site. TurboTax and TurboTax Online, among other are registered trademarks and/or service marks of Intuit, Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of the respective owners.
When discussing "Free e-file", note that state e-file is an additional fee. E-file fees do not apply to New York state returns. Prices are subject to change without notice. E-file and get your refund faster
*If you pay an IRS or state penalty or interest because of a TurboTax calculations error, we'll pay you the penalty and interest.
*Maximum Refund Guarantee - or Your Money Back: If you get a larger refund or smaller tax due from another tax preparation method, we'll refund the applicable TurboTax federal and/or state purchase price paid. TurboTax Federal Free Edition customers are entitled to payment of $14.99 and a refund of your state purchase price paid. Claims must be submitted within sixty (60) days of your TurboTax filing date and no later than 6/15/14. E-file, Audit Defense, Professional Review, Refund Transfer and technical support fees are excluded. This guarantee cannot be combined with the TurboTax Satisfaction (Easy) Guarantee. *We're so confident your return will be done right, we guarantee it. Accurate calculations guaranteed. If you pay an IRS or state penalty or interest because of a TurboTax calculations error, we'll pay you the penalty and interest.
https://turbotax.intuit.com/corp/guarantees.jsp

File Amended Tax Return

Free H&r Block EfileAmending 2012 Federal Tax Return2011 Tax Form1040 Ez Form2011 Tax FilingHow Do I File An Amended Tax Return For 2013File State Returns For FreeFiling 1040nr OnlineIrs 1040 Ez Form 2012Amended Us Tax Form 1040x2010 1040 Tax FormFree File Federal And State TaxesHow Do You File A Tax Extension For FreeHow To Amend A Tax FormFile My 1040x Electronically1040x Site Efile ComWww Irs Gov VitaFree Federal Tax Forms 20111040 Ez FormsHow To File 2010 Taxes Online For FreeCheapest State Tax FilingHr Block 1040nrHow To File 2007 Taxes Online FreeE File 2009 Taxes Free1040 Ez 2012Irs Forms Amended Return InstructionsTurbotax 20102012 Amended Tax ReturnFree E-file 2012 TaxesIrs Forms 10402011 1040 Ez Tax FormsFree Federal Tax Preparation1040 Short FormIrs1040xMilitary Pay Chart1040nr FilingHow Do I File A Tax Extension OnlineAmend 2009 Tax Return Online FreeTurbotax For 2010 Tax Year2010 Federal Tax Forms And Instructions

File Amended Tax Return

File amended tax return 7. File amended tax return   How To Get Tax Help Table of Contents Outside the U. File amended tax return S. File amended tax return Low Income Taxpayer Clinics Whether it's help with a tax issue, preparing your tax return or a need for a free publication or form, get the help you need the way you want it: online, use a smart phone, call or walk in to an IRS office or volunteer site near you. File amended tax return Free help with your tax return. File amended tax return   You can get free help preparing your return nationwide from IRS-certified volunteers. File amended tax return The Volunteer Income Tax Assistance (VITA) program helps low-to-moderate income, elderly, people with disabilities, and limited English proficient taxpayers. File amended tax return The Tax Counseling for the Elderly (TCE) program helps taxpayers age 60 and older with their tax returns. File amended tax return Most VITA and TCE sites offer free electronic filing and all volunteers will let you know about credits and deductions you may be entitled to claim. File amended tax return In addition, some VITA and TCE sites provide taxpayers the opportunity to prepare their own return with help from an IRS-certified volunteer. File amended tax return To find the nearest VITA or TCE site, you can use the VITA Locator Tool on IRS. File amended tax return gov, download the IRS2Go app, or call 1-800-906-9887. File amended tax return   As part of the TCE program, AARP offers the Tax-Aide counseling program. File amended tax return To find the nearest AARP Tax-Aide site, visit AARP's website at www. File amended tax return aarp. File amended tax return org/money/taxaide or call 1-888-227-7669. File amended tax return For more information on these programs, go to IRS. File amended tax return gov and enter “VITA” in the search box. File amended tax return Internet. File amended tax return    IRS. File amended tax return gov and IRS2Go are ready when you are —24 hours a day, 7 days a week. File amended tax return Download the free IRS2Go app from the iTunes app store or from Google Play. File amended tax return Use it to check your refund status, order transcripts of your tax returns or tax account, watch the IRS YouTube channel, get IRS news as soon as it's released to the public, subscribe to filing season updates or daily tax tips, and follow the IRS Twitter news feed, @IRSnews, to get the latest federal tax news, including information about tax law changes and important IRS programs. File amended tax return Check the status of your 2013 refund with the Where's My Refund? application on IRS. File amended tax return gov or download the IRS2Go app and select the Refund Status option. File amended tax return The IRS issues more than 9 out of 10 refunds in less than 21 days. File amended tax return Using these applications, you can start checking on the status of your return within 24 hours after we receive your e-filed return or 4 weeks after you mail a paper return. File amended tax return You will also be given a personalized refund date as soon as the IRS processes your tax return and approves your refund. File amended tax return The IRS updates Where's My Refund? every 24 hours, usually overnight, so you only need to check once a day. File amended tax return Use the Interactive Tax Assistant (ITA) to research your tax questions. File amended tax return No need to wait on the phone or stand in line. File amended tax return The ITA is available 24 hours a day, 7 days a week, and provides you with a variety of tax information related to general filing topics, deductions, credits, and income. File amended tax return When you reach the response screen, you can print the entire interview and the final response for your records. File amended tax return New subject areas are added on a regular basis. File amended tax return  Answers not provided through ITA may be found in Tax Trails, one of the Tax Topics on IRS. File amended tax return gov which contain general individual and business tax information or by searching the IRS Tax Map, which includes an international subject index. File amended tax return You can use the IRS Tax Map, to search publications and instructions by topic or keyword. File amended tax return The IRS Tax Map integrates forms and publications into one research tool and provides single-point access to tax law information by subject. File amended tax return When the user searches the IRS Tax Map, they will be provided with links to related content in existing IRS publications, forms and instructions, questions and answers, and Tax Topics. File amended tax return Coming this filing season, you can immediately view and print for free all 5 types of individual federal tax transcripts (tax returns, tax account, record of account, wage and income statement, and certification of non-filing) using Get Transcript. File amended tax return You can also ask the IRS to mail a return or an account transcript to you. File amended tax return Only the mail option is available by choosing the Tax Records option on the IRS2Go app by selecting Mail Transcript on IRS. File amended tax return gov or by calling 1-800-908-9946. File amended tax return Tax return and tax account transcripts are generally available for the current year and the past three years. File amended tax return Determine if you are eligible for the EITC and estimate the amount of the credit with the Earned Income Tax Credit (EITC) Assistant. File amended tax return Visit Understanding Your IRS Notice or Letter to get answers to questions about a notice or letter you received from the IRS. File amended tax return If you received the First Time Homebuyer Credit, you can use the First Time Homebuyer Credit Account Look-up tool for information on your repayments and account balance. File amended tax return Check the status of your amended return using Where's My Amended Return? Go to IRS. File amended tax return gov and enter Where's My Amended Return? in the search box. File amended tax return You can generally expect your amended return to be processed up to 12 weeks from the date we receive it. File amended tax return It can take up to 3 weeks from the date you mailed it to show up in our system. File amended tax return Make a payment using one of several safe and convenient electronic payment options available on IRS. File amended tax return gov. File amended tax return Select the Payment tab on the front page of IRS. File amended tax return gov for more information. File amended tax return Determine if you are eligible and apply for an online payment agreement, if you owe more tax than you can pay today. File amended tax return Figure your income tax withholding with the IRS Withholding Calculator on IRS. File amended tax return gov. File amended tax return Use it if you've had too much or too little withheld, your personal situation has changed, you're starting a new job or you just want to see if you're having the right amount withheld. File amended tax return Determine if you might be subject to the Alternative Minimum Tax by using the Alternative Minimum Tax Assistant on IRS. File amended tax return gov. File amended tax return Request an Electronic Filing PIN by going to IRS. File amended tax return gov and entering Electronic Filing PIN in the search box. File amended tax return Download forms, instructions and publications, including accessible versions for people with disabilities. File amended tax return Locate the nearest Taxpayer Assistance Center (TAC) using the Office Locator tool on IRS. File amended tax return gov, or choose the Contact Us option on the IRS2Go app and search Local Offices. File amended tax return An employee can answer questions about your tax account or help you set up a payment plan. File amended tax return Before you visit, check the Office Locator on IRS. File amended tax return gov, or Local Offices under Contact Us on IRS2Go to confirm the address, phone number, days and hours of operation, and the services provided. File amended tax return If you have a special need, such as a disability, you can request an appointment. File amended tax return Call the local number listed in the Office Locator, or look in the phone book under United States Government, Internal Revenue Service. File amended tax return Apply for an Employer Identification Number (EIN). File amended tax return Go to IRS. File amended tax return gov and enter Apply for an EIN in the search box. File amended tax return Read the Internal Revenue Code, regulations, or other official guidance. File amended tax return Read Internal Revenue Bulletins. File amended tax return Sign up to receive local and national tax news and more by email. File amended tax return Just click on “subscriptions” above the search box on IRS. File amended tax return gov and choose from a variety of options. File amended tax return Phone. File amended tax return    You can call the IRS, or you can carry it in your pocket with the IRS2Go app on your smart phone or tablet. File amended tax return Download the free IRS2Go app from the iTunes app store or from Google Play. File amended tax return Call to locate the nearest volunteer help site, 1-800-906-9887 or you can use the VITA Locator Tool on IRS. File amended tax return gov, or download the IRS2Go app. File amended tax return Low-to-moderate income, elderly, people with disabilities, and limited English proficient taxpayers can get free help with their tax return from the nationwide Volunteer Income Tax Assistance (VITA) program. File amended tax return The Tax Counseling for the Elderly (TCE) program helps taxpayers age 60 and older with their tax returns. File amended tax return Most VITA and TCE sites offer free electronic filing. File amended tax return Some VITA and TCE sites provide IRS-certified volunteers who can help prepare your tax return. File amended tax return Through the TCE program, AARP offers the Tax-Aide counseling program; call 1-888-227-7669 to find the nearest Tax-Aide location. File amended tax return Call the automated Where's My Refund? information hotline to check the status of your 2013 refund 24 hours a day, 7 days a week at 1-800-829-1954. File amended tax return If you e-file, you can start checking on the status of your return within 24 hours after the IRS receives your tax return or 4 weeks after you've mailed a paper return. File amended tax return The IRS issues more than 9 out of 10 refunds in less than 21 days. File amended tax return Where's My Refund? will give you a personalized refund date as soon as the IRS processes your tax return and approves your refund. File amended tax return Before you call this automated hotline, have your 2013 tax return handy so you can enter your social security number, your filing status, and the exact whole dollar amount of your refund. File amended tax return The IRS updates Where's My Refund? every 24 hours, usually overnight, so you only need to check once a day. File amended tax return Note, the above information is for our automated hotline. File amended tax return Our live phone and walk-in assistors can research the status of your refund only if it's been 21 days or more since you filed electronically or more than 6 weeks since you mailed your paper return. File amended tax return Call the Amended Return Hotline, 1-866-464-2050, to check the status of your amended return. File amended tax return You can generally expect your amended return to be processed up to 12 weeks from the date we receive it. File amended tax return It can take up to 3 weeks from the date you mailed it to show up in our system. File amended tax return Call 1-800-TAX-FORM (1-800-829-3676) to order current-year forms, instructions, publications, and prior-year forms and instructions (limited to 5 years). File amended tax return You should receive your order within 10 business days. File amended tax return Call TeleTax, 1-800-829-4477, to listen to pre-recorded messages covering general and business tax information. File amended tax return If, between January and April 15, you still have questions about the Form 1040, 1040A, or 1040EZ (like filing requirements, dependents, credits, Schedule D, pensions and IRAs or self-employment taxes), call 1-800-829-1040. File amended tax return Call using TTY/TDD equipment, 1-800-829-4059 to ask tax questions or order forms and publications. File amended tax return The TTY/TDD telephone number is for people who are deaf, hard of hearing, or have a speech disability. File amended tax return These individuals can also contact the IRS through relay services such as the Federal Relay Service. File amended tax return    Outside the U. File amended tax return S. File amended tax return If you are outside the United States, taxpayer assistance is available by calling the following U. File amended tax return S Embassies or consulates. File amended tax return    Beijing, China (86) (10) 8531-3983 Frankfurt, Germany (49) (69) 7535-3823 London, England (44) (20) 7894-0477 Paris, France (33) (1) 4312-2555   If you cannot contact one of these offices, taxpayer assistance is also available at (267) 941-1000 (not a toll free call). File amended tax return   If you are in a U. File amended tax return S. File amended tax return territory (American Samoa, Guam, Northern Mariana Islands, Puerto Rico, and U. File amended tax return S. File amended tax return Virgin Islands) and have a tax question, you can call 1-800-829-1040. File amended tax return Walk-in. File amended tax return   You can find a selection of forms, publications and services — in-person. File amended tax return Products. File amended tax return You can walk in to some post offices, libraries, and IRS offices to pick up certain forms, instructions, and publications. File amended tax return Some IRS offices, libraries, and city and county government offices have a collection of products available to photocopy from reproducible proofs. File amended tax return Services. File amended tax return You can walk in to your local TAC for face-to-face tax help. File amended tax return An employee can answer questions about your tax account or help you set up a payment plan. File amended tax return Before visiting, use the Office Locator tool on IRS. File amended tax return gov, or choose the Contact Us option on the IRS2Go app and search Local Offices for days and hours of operation, and services provided. File amended tax return    Outside the U. File amended tax return S. File amended tax return If you are outside the United States during the filing period (January to mid-June), you can get the necessary federal tax forms and publications from most U. File amended tax return S. File amended tax return Embassies and consulates. File amended tax return   Walk-in taxpayer assistance is available at the following U. File amended tax return S. File amended tax return Embassies or consulates. File amended tax return    Beijing, China (86) (10) 8531-3983 Frankfurt, Germany (49) (69) 7535-3811 London, England (44) (20) 7894-0477 Paris, France (33) (1) 4312-2555   Please contact the office for times when assistance will be available. File amended tax return Mail. File amended tax return   You can send your order for forms, instructions, and publications to the address below. File amended tax return You should receive a response within 10 business days after your request is received. File amended tax return Internal Revenue Service 1201 N. File amended tax return Mitsubishi Motorway Bloomington, IL 61705-6613      Outside the U. File amended tax return S. File amended tax return If you are outside the United States, you can get tax assistance by writing to the address below. File amended tax return  Internal Revenue Service International Accounts Philadelphia, PA 19255-0725 Taxpayer Advocate Service. File amended tax return   The Taxpayer Advocate Service Is Here to Help You. File amended tax return The Taxpayer Advocate Service (TAS) is your voice at the IRS. File amended tax return Our job is to ensure that every taxpayer is treated fairly and that you know and understand your rights. File amended tax return   What can TAS do for you? We can offer you free help with IRS problems that you can't resolve on your own. File amended tax return We know this process can be confusing, but the worst thing you can do is nothing at all! TAS can help if you can't resolve your tax problem and: Your problem is causing financial difficulties for you, your family, or your business. File amended tax return You face (or your business is facing) an immediate threat of adverse action. File amended tax return You've tried repeatedly to contact the IRS but no one has responded, or the IRS hasn't responded by the date promised. File amended tax return   If you qualify for our help, you'll be assigned to one advocate who'll be with you at every turn and will do everything possible to resolve your problem. File amended tax return Here's why we can help: TAS is an independent organization within the IRS. File amended tax return Our advocates know how to work with the IRS. File amended tax return Our services are free and tailored to meet your needs. File amended tax return We have offices in every state, the District of Columbia, and Puerto Rico. File amended tax return   How can you reach us? If you think TAS can help you, call your local advocate, whose number is in your local directory and at Taxpayer Advocate, or call us toll-free at 1-877-777-4778. File amended tax return  How else does TAS help taxpayers?  TAS also works to resolve large-scale, systemic problems that affect many taxpayers. File amended tax return If you know of one of these broad issues, please report it to us through our Systemic Advocacy Management System. File amended tax return Outside the U. File amended tax return S. File amended tax return   If you live outside of the United States, you can call the Taxpayer Advocate at (787) 522-8601 in English or (787) 522-8600 in Spanish. File amended tax return You can contact the Taxpayer Advocate at: Internal Revenue Service Taxpayer Advocate Service City View Plaza, 48 Carr 165, Guaynabo, P. File amended tax return R. File amended tax return 00968-8000 Low Income Taxpayer Clinics Low Income Taxpayer Clinics (LITCs) serve individuals whose income is below a certain level and need to resolve tax problems such as audits, appeals and tax collection disputes. File amended tax return Some clinics can provide information about taxpayer rights and responsibilities in different languages for individuals who speak English as a second language. File amended tax return Visit Taxpayer Advocate or see IRS Publication 4134, Low Income Taxpayer Clinic List. File amended tax return Prev  Up  Next   Home   More Online Publications
Print - Click this link to Print this page

Tax Quotes

When it comes to taxes, everyone has an opinion. These quotes reflect the opinions of their authors; their inclusion here is not an official IRS endorsement of the sentiments expressed.

"Taxes are what we pay for civilized society.'' — Oliver Wendell Holmes, Jr., U.S. Supreme Court Justice

"The power of taxing people and their property is essential to the very existence of government.'' — James Madison, U.S. President

"To tax and to please, no more than to love and to be wise, is not given to men." —  Edmund Burke, 18th Century Irish political philosopher and British statesman

“I am proud to be paying taxes in the United States. The only thing is – I could be just as proud for half the money.” — Arthur Godfrey, entertainer

“People who complain about taxes can be divided into two classes: men and women.” 
— Unknown

"No government can exist without taxation. This money must necessarily be levied on the people; and the grand art consists of levying so as not to oppress.'' — Frederick the Great, 18th Century Prussian king

"Like mothers, taxes are often misunderstood, but seldom forgotten.'' — Lord Bramwell, 19th Century English jurist

"The best measure of a man's honesty isn't his income tax return. It's the zero adjust on his bathroom scale.'' — Arthur C. Clarke, author

"Next to being shot at and missed, nothing is really quite as satisfying as an income tax refund.” — F. J. Raymond, humorist

A tax loophole is "something that benefits the other guy. If it benefits you, it is tax reform.'' 
— Russell B. Long, U.S. Senator

"Few of us ever test our powers of deduction, except when filling out an income tax form.'' 
— Laurence J. Peter, author

“The hardest thing in the world to understand is the income tax.” — Albert Einstein, physicist

“Taxation with representation ain’t so hot either.” — Gerald Barzan, humorist

“Where there is an income tax, the just man will pay more and the unjust less on the same amount of income.” — Plato

“Income tax has made more liars out of the American people than golf.” — Will Rogers, humorist

Page Last Reviewed or Updated: 10-Mar-2014

The File Amended Tax Return

File amended tax return 3. File amended tax return   Savings Incentive Match Plans for Employees (SIMPLE) Table of Contents Introduction What Is a SIMPLE Plan?Eligible Employees How Are Contributions Made? How Much Can Be Contributed on Your Behalf?Matching contributions less than 3%. File amended tax return Traditional IRA mistakenly moved to SIMPLE IRA. File amended tax return When Can You Withdraw or Use Assets?Are Distributions Taxable? Introduction This chapter is for employees who need information about savings incentive match plans for employees (SIMPLE plans). File amended tax return It explains what a SIMPLE plan is, contributions to a SIMPLE plan, and distributions from a SIMPLE plan. File amended tax return Under a SIMPLE plan, SIMPLE retirement accounts for participating employees can be set up either as: Part of a 401(k) plan, or A plan using IRAs (SIMPLE IRA). File amended tax return This chapter only discusses the SIMPLE plan rules that relate to SIMPLE IRAs. File amended tax return See chapter 3 of Publication 560 for information on any special rules for SIMPLE plans that do not use IRAs. File amended tax return If your employer maintains a SIMPLE plan, you must be notified, in writing, that you can choose the financial institution that will serve as trustee for your SIMPLE IRA and that you can roll over or transfer your SIMPLE IRA to another financial institution. File amended tax return See Rollovers and Transfers Exception, later under When Can You Withdraw or Use Assets. File amended tax return What Is a SIMPLE Plan? A SIMPLE plan is a tax-favored retirement plan that certain small employers (including self-employed individuals) can set up for the benefit of their employees. File amended tax return See chapter 3 of Publication 560 for information on the requirements employers must satisfy to set up a SIMPLE plan. File amended tax return A SIMPLE plan is a written agreement (salary reduction agreement) between you and your employer that allows you, if you are an eligible employee (including a self-employed individual), to choose to: Reduce your compensation (salary) by a certain percentage each pay period, and Have your employer contribute the salary reductions to a SIMPLE IRA on your behalf. File amended tax return These contributions are called salary reduction contributions. File amended tax return All contributions under a SIMPLE IRA plan must be made to SIMPLE IRAs, not to any other type of IRA. File amended tax return The SIMPLE IRA can be an individual retirement account or an individual retirement annuity, described in chapter 1. File amended tax return Contributions are made on behalf of eligible employees. File amended tax return (See Eligible Employees below. File amended tax return ) Contributions are also subject to various limits. File amended tax return (See How Much Can Be Contributed on Your Behalf , later. File amended tax return ) In addition to salary reduction contributions, your employer must make either matching contributions or nonelective contributions. File amended tax return See How Are Contributions Made , later. File amended tax return You may be able to claim a credit for contributions to your SIMPLE plan. File amended tax return For more information, see chapter 4. File amended tax return Eligible Employees You must be allowed to participate in your employer's SIMPLE plan if you: Received at least $5,000 in compensation from your employer during any 2 years prior to the current year, and Are reasonably expected to receive at least $5,000 in compensation during the calendar year for which contributions are made. File amended tax return Self-employed individual. File amended tax return   For SIMPLE plan purposes, the term employee includes a self-employed individual who received earned income. File amended tax return Excludable employees. File amended tax return   Your employer can exclude the following employees from participating in the SIMPLE plan. File amended tax return Employees whose retirement benefits are covered by a collective bargaining agreement (union contract). File amended tax return Employees who are nonresident aliens and received no earned income from sources within the United States. File amended tax return Employees who would not have been eligible employees if an acquisition, disposition, or similar transaction had not occurred during the year. File amended tax return Compensation. File amended tax return   For purposes of the SIMPLE plan rules, your compensation for a year generally includes the following amounts. File amended tax return Wages, tips, and other pay from your employer that is subject to income tax withholding. File amended tax return Deferred amounts elected under any 401(k) plans, 403(b) plans, government (section 457) plans, SEP plans, and SIMPLE plans. File amended tax return Self-employed individual compensation. File amended tax return   For purposes of the SIMPLE plan rules, if you are self-employed, your compensation for a year is your net earnings from self-employment (Schedule SE (Form 1040), Section A, line 4, or Section B, line 6) before subtracting any contributions made to a SIMPLE IRA on your behalf. File amended tax return   For these purposes, net earnings from self-employment include services performed while claiming exemption from self-employment tax as a member of a group conscientiously opposed to social security benefits. File amended tax return How Are Contributions Made? Contributions under a salary reduction agreement are called salary reduction contributions. File amended tax return They are made on your behalf by your employer. File amended tax return Your employer must also make either matching contributions or nonelective contributions. File amended tax return Salary reduction contributions. File amended tax return   During the 60-day period before the beginning of any year, and during the 60-day period before you are eligible, you can choose salary reduction contributions expressed either as a percentage of compensation, or as a specific dollar amount (if your employer offers this choice). File amended tax return You can choose to cancel the election at any time during the year. File amended tax return   Salary reduction contributions are also referred to as “elective deferrals. File amended tax return ”   Your employer cannot place restrictions on the contributions amount (such as by limiting the contributions percentage), except to comply with the salary reduction contributions limit, discussed under How Much Can Be Contributed on Your Behalf, later. File amended tax return Matching contributions. File amended tax return   Unless your employer chooses to make nonelective contributions, your employer must make contributions equal to the salary reduction contributions you choose (elect), but only up to certain limits. File amended tax return See How Much Can Be Contributed on Your Behalf below. File amended tax return These contributions are in addition to the salary reduction contributions and must be made to the SIMPLE IRAs of all eligible employees (defined earlier) who chose salary reductions. File amended tax return These contributions are referred to as matching contributions. File amended tax return   Matching contributions on behalf of a self-employed individual are not treated as salary reduction contributions. File amended tax return Nonelective contributions. File amended tax return   Instead of making matching contributions, your employer may be able to choose to make nonelective contributions on behalf of all eligible employees. File amended tax return These nonelective contributions must be made on behalf of each eligible employee who has at least $5,000 of compensation from your employer, whether or not the employee chose salary reductions. File amended tax return   One of the requirements your employer must satisfy is notifying the employees that the election was made. File amended tax return For other requirements that your employer must satisfy, see chapter 3 of Publication 560. File amended tax return How Much Can Be Contributed on Your Behalf? The limits on contributions to a SIMPLE IRA vary with the type of contribution that is made. File amended tax return Salary reduction contributions limit. File amended tax return   Salary reduction contributions (employee-chosen contributions or elective deferrals) that your employer can make on your behalf under a SIMPLE plan are limited to $12,000 for 2013. File amended tax return The limitation remains at $12,000 for 2014. File amended tax return If you are a participant in any other employer plans during 2013 and you have elective salary reductions or deferred compensation under those plans, the salary reduction contributions under the SIMPLE plan also are included in the annual limit of $17,500 for 2013 on exclusions of salary reductions and other elective deferrals. File amended tax return You, not your employer, are responsible for monitoring compliance with these limits. File amended tax return Additional elective deferrals can be contributed to your SIMPLE plan if: You reached age 50 by the end of 2013, and No other elective deferrals can be made for you to the plan for the year because of limits or restrictions, such as the regular annual limit. File amended tax return The most that can be contributed in additional elective deferrals to your SIMPLE plan is the lesser of the following two amounts. File amended tax return $2,500 for 2013, or Your compensation for the year reduced by your other elective deferrals for the year. File amended tax return The additional deferrals are not subject to any other contribution limit and are not taken into account in applying other contribution limits. File amended tax return The additional deferrals are not subject to the nondiscrimination rules as long as all eligible participants are allowed to make them. File amended tax return Matching employer contributions limit. File amended tax return   Generally, your employer must make matching contributions to your SIMPLE IRA in an amount equal to your salary reduction contributions. File amended tax return These matching contributions cannot be more than 3% of your compensation for the calendar year. File amended tax return See Matching contributions less than 3% below. File amended tax return Example 1. File amended tax return In 2013, Joshua was a participant in his employer's SIMPLE plan. File amended tax return His compensation, before SIMPLE plan contributions, was $41,600 ($800 per week). File amended tax return Instead of taking it all in cash, Joshua elected to have 12. File amended tax return 5% of his weekly pay ($100) contributed to his SIMPLE IRA. File amended tax return For the full year, Joshua's salary reduction contributions were $5,200, which is less than the $12,000 limit on these contributions. File amended tax return Under the plan, Joshua's employer was required to make matching contributions to Joshua's SIMPLE IRA. File amended tax return Because his employer's matching contributions must equal Joshua's salary reductions, but cannot be more than 3% of his compensation (before salary reductions) for the year, his employer's matching contribution was limited to $1,248 (3% of $41,600). File amended tax return Example 2. File amended tax return Assume the same facts as in Example 1 , except that Joshua's compensation for the year was $408,163 and he chose to have 2. File amended tax return 94% of his weekly pay contributed to his SIMPLE IRA. File amended tax return In this example, Joshua's salary reduction contributions for the year (2. File amended tax return 94% × $408,163) were equal to the 2013 limit for salary reduction contributions ($12,000). File amended tax return Because 3% of Joshua's compensation ($12,245) is more than the amount his employer was required to match ($12,000), his employer's matching contributions were limited to $12,000. File amended tax return In this example, total contributions made on Joshua's behalf for the year were $24,000 ($12,000 (Joshua's contributions) + $12,000 (matching contributions)), the maximum contributions permitted under a SIMPLE IRA for 2013. File amended tax return Matching contributions less than 3%. File amended tax return   Your employer can reduce the 3% limit on matching contributions for a calendar year, but only if: The limit is not reduced below 1%, The limit is not reduced for more than 2 years out of the 5-year period that ends with (and includes) the year for which the election is effective, and Employees are notified of the reduced limit within a reasonable period of time before the 60-day election period during which they can enter into salary reduction agreements. File amended tax return   For purposes of applying the rule in item (2) in determining whether the limit was reduced below 3% for the year, any year before the first year in which your employer (or a former employer) maintains a SIMPLE IRA plan will be treated as a year for which the limit was 3%. File amended tax return If your employer chooses to make nonelective contributions for a year, that year also will be treated as a year for which the limit was 3%. File amended tax return Nonelective employer contributions limit. File amended tax return   If your employer chooses to make nonelective contributions, instead of matching contributions, to each eligible employee's SIMPLE IRA, contributions must be 2% of your compensation for the entire year. File amended tax return For 2013, only $255,000 of your compensation can be taken into account to figure the contribution limit. File amended tax return   Your employer can substitute the 2% nonelective contribution for the matching contribution for a year if both of the following requirements are met. File amended tax return Eligible employees are notified that a 2% nonelective contribution will be made instead of a matching contribution. File amended tax return This notice is provided within a reasonable period during which employees can enter into salary reduction agreements. File amended tax return Example 3. File amended tax return Assume the same facts as in Example 2 , except that Joshua's employer chose to make nonelective contributions instead of matching contributions. File amended tax return Because his employer's nonelective contributions are limited to 2% of up to $255,000 of Joshua's compensation, his employer's contribution to Joshua's SIMPLE IRA was limited to $5,100. File amended tax return In this example, total contributions made on Joshua's behalf for the year were $17,100 (Joshua's salary reductions of $12,000 plus his employer's contribution of $5,100). File amended tax return Traditional IRA mistakenly moved to SIMPLE IRA. File amended tax return   If you mistakenly roll over or transfer an amount from a traditional IRA to a SIMPLE IRA, you can later recharacterize the amount as a contribution to another traditional IRA. File amended tax return For more information, see Recharacterizations in chapter 1. File amended tax return Recharacterizing employer contributions. File amended tax return   You cannot recharacterize employer contributions (including elective deferrals) under a SEP or SIMPLE plan as contributions to another IRA. File amended tax return SEPs are discussed in chapter 2 of Publication 560. File amended tax return SIMPLE plans are discussed in this chapter. File amended tax return Converting from a SIMPLE IRA. File amended tax return   Generally, you can convert an amount in your SIMPLE IRA to a Roth IRA under the same rules explained in chapter 1 under Converting From Any Traditional IRA Into a Roth IRA . File amended tax return    However, you cannot convert any amount distributed from the SIMPLE IRA during the 2-year period beginning on the date you first participated in any SIMPLE IRA plan maintained by your employer. File amended tax return When Can You Withdraw or Use Assets? Generally, the same distribution (withdrawal) rules that apply to traditional IRAs apply to SIMPLE IRAs. File amended tax return These rules are discussed in chapter 1. File amended tax return Your employer cannot restrict you from taking distributions from a SIMPLE IRA. File amended tax return Are Distributions Taxable? Generally, distributions from a SIMPLE IRA are fully taxable as ordinary income. File amended tax return If the distribution is an early distribution (discussed in chapter 1), it may be subject to the additional tax on early distributions. File amended tax return See Additional Tax on Early Distributions, later. File amended tax return Rollovers and Transfers Exception Generally, rollovers and trustee-to-trustee transfers are not taxable distributions. File amended tax return Two-year rule. File amended tax return   To qualify as a tax-free rollover (or a tax-free trustee-to-trustee transfer), a rollover distribution (or a transfer) made from a SIMPLE IRA during the 2-year period beginning on the date on which you first participated in your employer's SIMPLE plan must be contributed (or transferred) to another SIMPLE IRA. File amended tax return The 2-year period begins on the first day on which contributions made by your employer are deposited in your SIMPLE IRA. File amended tax return   After the 2-year period, amounts in a SIMPLE IRA can be rolled over or transferred tax free to an IRA other than a SIMPLE IRA, or to a qualified plan, a tax-sheltered annuity plan (section 403(b) plan), or deferred compensation plan of a state or local government (section 457 plan). File amended tax return Additional Tax on Early Distributions The additional tax on early distributions (discussed in chapter 1) applies to SIMPLE IRAs. File amended tax return If a distribution is an early distribution and occurs during the 2-year period following the date on which you first participated in your employer's SIMPLE plan, the additional tax on early distributions is increased from 10% to 25%. File amended tax return If a rollover distribution (or transfer) from a SIMPLE IRA does not satisfy the 2-year rule, and is otherwise an early distribution, the additional tax imposed because of the early distribution is increased from 10% to 25% of the amount distributed. File amended tax return Prev  Up  Next   Home   More Online Publications