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File My 2012 Taxes Online Free

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File My 2012 Taxes Online Free

File my 2012 taxes online free Internal Revenue Bulletin:  2011-12  March 21, 2011  Rev. File my 2012 taxes online free Proc. File my 2012 taxes online free 2011-21 Table of Contents SECTION 1. File my 2012 taxes online free PURPOSE SECTION 2. File my 2012 taxes online free BACKGROUND SECTION 3. File my 2012 taxes online free SCOPE SECTION 4. File my 2012 taxes online free APPLICATION SECTION 5. File my 2012 taxes online free EFFECTIVE DATE SECTION 6. File my 2012 taxes online free EFFECT ON OTHER DOCUMENTS SECTION 7. File my 2012 taxes online free DRAFTING INFORMATION SECTION 1. File my 2012 taxes online free 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. File my 2012 taxes online free The tables detailing these depreciation limitations and lessee inclusion amounts reflect the automobile price inflation adjustments required by § 280F(d)(7). File my 2012 taxes online free SECTION 2. File my 2012 taxes online free BACKGROUND . File my 2012 taxes online free 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. File my 2012 taxes online free 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. File my 2012 taxes online free 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. File my 2012 taxes online free This change reflects the higher rate of price inflation for trucks and vans since 1988. File my 2012 taxes online free . File my 2012 taxes online free 02 Section 2022(a) of the Small Business Jobs Act of 2010, Pub. File my 2012 taxes online free L. File my 2012 taxes online free No. File my 2012 taxes online free 111-240, 124 Stat. File my 2012 taxes online free 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. File my 2012 taxes online free Section 401(a) of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, Pub. File my 2012 taxes online free L. File my 2012 taxes online free No. File my 2012 taxes online free 111-312, 124 Stat. File my 2012 taxes online free 3296 (Dec. File my 2012 taxes online free 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. File my 2012 taxes online free Section 401(b) of the Act further amended § 168(k) by adding § 168(k)(5). File my 2012 taxes online free 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. File my 2012 taxes online free 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. File my 2012 taxes online free . File my 2012 taxes online free 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). File my 2012 taxes online free 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. File my 2012 taxes online free 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). File my 2012 taxes online free Accordingly, this revenue procedure provides tables for passenger automobiles for which the § 168(k) additional first year depreciation deduction applies. File my 2012 taxes online free 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. File my 2012 taxes online free . File my 2012 taxes online free 04 Section 280F(c) requires a reduction in the deduction allowed to the lessee of a leased passenger automobile. File my 2012 taxes online free The reduction must be substantially equivalent to the limitations on the depreciation deductions imposed on owners of passenger automobiles. File my 2012 taxes online free Under § 1. File my 2012 taxes online free 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. File my 2012 taxes online free One table applies to lessees of trucks and vans and another table applies to all other passenger automobiles. File my 2012 taxes online free Each table shows inclusion amounts for a range of fair market values for each taxable year after the passenger automobile is first leased. File my 2012 taxes online free SECTION 3. File my 2012 taxes online free SCOPE . File my 2012 taxes online free 01 The limitations on depreciation deductions in section 4. File my 2012 taxes online free 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. File my 2012 taxes online free . File my 2012 taxes online free 02 The tables in section 4. File my 2012 taxes online free 02 of this revenue procedure apply to leased passenger automobiles for which the lease term begins during calendar year 2011. File my 2012 taxes online free 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. File my 2012 taxes online free See Rev. File my 2012 taxes online free Proc. File my 2012 taxes online free 2006-18, 2006-1 C. File my 2012 taxes online free B. File my 2012 taxes online free 645, for passenger automobiles first leased during calendar year 2006; Rev. File my 2012 taxes online free Proc. File my 2012 taxes online free 2007-30, 2007-1 C. File my 2012 taxes online free B. File my 2012 taxes online free 1104, for passenger automobiles first leased during calendar year 2007; Rev. File my 2012 taxes online free Proc. File my 2012 taxes online free 2008-22, 2008-1 C. File my 2012 taxes online free B. File my 2012 taxes online free 658, for passenger automobiles first leased during calendar year 2008; Rev. File my 2012 taxes online free Proc. File my 2012 taxes online free 2009-24, 2009-1 C. File my 2012 taxes online free B. File my 2012 taxes online free 885, for passenger automobiles first leased during calendar year 2009; and Rev. File my 2012 taxes online free Proc. File my 2012 taxes online free 2010-18, 2010-1 C. File my 2012 taxes online free B. File my 2012 taxes online free 427, as amplified and modified by section 4. File my 2012 taxes online free 03 of this revenue procedure, for passenger automobiles first leased during calendar year 2010. File my 2012 taxes online free SECTION 4. File my 2012 taxes online free APPLICATION . File my 2012 taxes online free 01 Limitations on Depreciation Deductions for Certain Automobiles. File my 2012 taxes online free (1) Amount of the inflation adjustment. File my 2012 taxes online free (a) Passenger automobiles (other than trucks or vans). File my 2012 taxes online free 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. File my 2012 taxes online free 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. File my 2012 taxes online free The new car component of the CPI was 115. File my 2012 taxes online free 2 for October 1987 and 137. File my 2012 taxes online free 880 for October 2010. File my 2012 taxes online free The October 2010 index exceeded the October 1987 index by 22. File my 2012 taxes online free 680. File my 2012 taxes online free Therefore, the automobile price inflation adjustment for 2011 for passenger automobiles (other than trucks and vans) is 19. File my 2012 taxes online free 69 percent (22. File my 2012 taxes online free 680/115. File my 2012 taxes online free 2 x 100%). File my 2012 taxes online free The dollar limitations in § 280F(a) are multiplied by a factor of 0. File my 2012 taxes online free 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. File my 2012 taxes online free This adjustment applies to all passenger automobiles (other than trucks and vans) that are first placed in service in calendar year 2011. File my 2012 taxes online free (b) Trucks and vans. File my 2012 taxes online free 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. File my 2012 taxes online free The new truck component of the CPI was 112. File my 2012 taxes online free 4 for October 1987 and 142. File my 2012 taxes online free 556 for October 2010. File my 2012 taxes online free The October 2010 index exceeded the October 1987 index by 30. File my 2012 taxes online free 156. File my 2012 taxes online free Therefore, the automobile price inflation adjustment for 2011 for trucks and vans is 26. File my 2012 taxes online free 83 percent (30. File my 2012 taxes online free 156/112. File my 2012 taxes online free 4 x 100%). File my 2012 taxes online free The dollar limitations in § 280F(a) are multiplied by a factor of 0. File my 2012 taxes online free 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. File my 2012 taxes online free This adjustment applies to all trucks and vans that are first placed in service in calendar year 2011. File my 2012 taxes online free (2) Amount of the limitation. File my 2012 taxes online free 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. File my 2012 taxes online free 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. File my 2012 taxes online free 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. File my 2012 taxes online free 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. File my 2012 taxes online free REV. File my 2012 taxes online free PROC. File my 2012 taxes online free 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. File my 2012 taxes online free PROC. File my 2012 taxes online free 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. File my 2012 taxes online free PROC. File my 2012 taxes online free 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. File my 2012 taxes online free PROC. File my 2012 taxes online free 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 . File my 2012 taxes online free 02 Inclusions in Income of Lessees of Passenger Automobiles. File my 2012 taxes online free A taxpayer must follow the procedures in § 1. File my 2012 taxes online free 280F-7(a) for determining the inclusion amounts for passenger automobiles first leased in calendar year 2011. File my 2012 taxes online free 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. File my 2012 taxes online free REV. File my 2012 taxes online free PROC. File my 2012 taxes online free 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. File my 2012 taxes online free PROC. File my 2012 taxes online free 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 . File my 2012 taxes online free 03 Revised Amounts for Passenger Automobiles Placed in Service During 2010. File my 2012 taxes online free (1) Calculation of the Revised Amount. File my 2012 taxes online free The revised depreciation limits provided in this section 4. File my 2012 taxes online free 03 were calculated by increasing the existing limitations on the first year allowance in Rev. File my 2012 taxes online free Proc. File my 2012 taxes online free 2010-18 by $8,000 as provided in § 168(k)(2)(F)(i). File my 2012 taxes online free (2) Amount of the Revised Limitation. File my 2012 taxes online free 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. File my 2012 taxes online free 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. File my 2012 taxes online free 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. File my 2012 taxes online free Proc. File my 2012 taxes online free 2010-18 apply. File my 2012 taxes online free REV. File my 2012 taxes online free PROC. File my 2012 taxes online free 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. File my 2012 taxes online free PROC. File my 2012 taxes online free 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. File my 2012 taxes online free The lease inclusion amounts in Tables 3 and 4 of Rev. File my 2012 taxes online free Proc. File my 2012 taxes online free 2010-18 are modified by striking the first four lines of the inclusion amounts in each table. File my 2012 taxes online free Consequently, Table 3 of Rev. File my 2012 taxes online free Proc. File my 2012 taxes online free 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. File my 2012 taxes online free Proc. File my 2012 taxes online free 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. File my 2012 taxes online free SECTION 5. File my 2012 taxes online free EFFECTIVE DATE This revenue procedure, with the exception of section 4. File my 2012 taxes online free 03, applies to passenger automobiles that a taxpayer first places in service or first leases during calendar year 2011. File my 2012 taxes online free Section 4. File my 2012 taxes online free 03 of this revenue procedure applies to passenger automobiles that a taxpayer first places in service or first leases during calendar year 2010. File my 2012 taxes online free SECTION 6. File my 2012 taxes online free EFFECT ON OTHER DOCUMENTS Rev. File my 2012 taxes online free Proc. File my 2012 taxes online free 2010-18 is amplified and modified. File my 2012 taxes online free SECTION 7. File my 2012 taxes online free DRAFTING INFORMATION The principal author of this revenue procedure is Bernard P. File my 2012 taxes online free Harvey of the Office of Associate Chief Counsel (Income Tax & Accounting). File my 2012 taxes online free For further information regarding this revenue procedure, contact Mr. File my 2012 taxes online free Harvey at (202) 622-4930 (not a toll-free call). File my 2012 taxes online free Prev  Up  Next   Home   More Internal Revenue Bulletins
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SOI Tax Stats - Split-Interest Trust Statistics

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Split Interest Trust Data OneSheet (PDF) 
The OneSheet presents a project description, highlights of the data, and selected figures.

Split-interest trusts make distributions to both charitable and noncharitable beneficiaries, while providing tax benefits to their donor. All split-interest trusts must annually file Form 5227, Split-Interest Trust Information Return, to report financial activity and determine if they should be treated as a private foundation. Based on the method and timing of distributions, split-interest trusts are divided into the following four categories:

  • Charitable remainder annuity trusts—distribute income in a series of fixed payments to one or more noncharitable beneficiaries for a defined period of time, after which the remaining value of the trust is transferred to a charitable beneficiary.
  • Charitable remainder unitrusts—distribute a percentage of the fair market value to one or more noncharitable beneficiaries for a defined period of time, after which remaining value of the trust is transferred to a charitable beneficiary.
  • Charitable lead trusts—distribute a sequence of payments to a charitable beneficiary for a period of time, after which the remaining trust assets are transferred to a noncharitable beneficiary.
  • Pooled income funds—allow donors to donate assets to a charity. The pooled assets are invested as a group and each donor receives income based on the ratio of his or her contribution to the total value of the investment pool. After the death of the donor, his or her prorated share of the investment pool is withdrawn and given to the charitable organization.

For information about selected terms and concepts, a description of the data sources and limitations, and links to recent revisions of Form 5227, please visit Split Interest Trust Study Metadata.


Statistical Tables

The following tables are available as Microsoft Excel® files. A free Excel viewer is available for download, if needed.

Charitable Remainder Annuity Trusts:

Charitable Remainder Unitrusts:

Charitable Lead Trusts:

Pooled Income Funds:


Projections
For selected tax returns, including the Form 5227, IRS's Office of Research produces annual forecasts of the number of returns that will be filed in future years.     
      Projections of Returns to be Filed in Future Calendar Years


Publications and Papers

The following are available as PDF files.  A free Adobe® reader is available for download, if needed.


Other SOI Data on Trusts

Certain nonexempt charitable trusts are also annually required to file Form 990-PF, Return of Private Foundation (or Section 4947(a)(1) Charitable Trust Treated as a Private Foundation).  Form 1041 is the income tax return filed by to report income, distributions, and tax liability of estates and trusts.


Other IRS Data and Related Links

For tax administration data on this topic, as well as other types of taxes, choose from the links below.

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Page Last Reviewed or Updated: 27-Mar-2014

The File My 2012 Taxes Online Free

File my 2012 taxes online free Part Six -   Cómo Calcular los Impuestos y Créditos Los ocho capítulos de esta sección explican cómo calcular sus impuestos y cómo calcular los impuestos de determinados hijos con ingresos no derivados del trabajo de $2,000 o más. File my 2012 taxes online free Explican también créditos tributarios que, a diferencia de las deducciones, se restan directamente de los impuestos y los disminuyen, dólar por dólar. File my 2012 taxes online free El capítulo 36 trata sobre el crédito por ingreso del trabajo y el capítulo 37 abarca una amplia gama de otros créditos, como por ejemplo, el crédito por adopción. File my 2012 taxes online free Table of Contents 30. File my 2012 taxes online free   Cómo Calcular los ImpuestosIntroduction Cómo Calcular los Impuestos Impuesto Mínimo Alternativo (AMT) Impuestos Calculados por el IRS Cómo Presentar la Declaración 31. File my 2012 taxes online free   Impuesto sobre Ingresos No Derivados del Trabajo de Determinados Hijos¿Que Hay de Nuevo? Introduction Useful Items - You may want to see: Cómo Saber si se Tiene que Utilizar la Declaración del Padre o de la MadrePadres que no Presentan la Declaración Conjunta Elección de los Padres de Declarar los Intereses y Dividendos del HijoConsecuencias de Incluir los Ingresos del Hijo Cómo Calcular los Ingresos del Hijo Cómo Calcular el Impuesto Adicional Impuesto para Determinados Hijos con Ingresos No Derivados del TrabajoCómo Facilitar Información sobre los Padres (líneas A-C del Formulario 8615) Paso 1. File my 2012 taxes online free Cómo Calcular los Ingresos Netos No Derivados del Trabajo del Hijo (Parte I del Formulario 8615) Paso 2. File my 2012 taxes online free Cómo Calcular el Impuesto Provisional a la Tasa Impositiva de los Padres (Parte II del Formulario 8615) Paso 3. File my 2012 taxes online free Cómo Calcular el Impuesto del Hijo (Parte III del Formulario 8615) 32. File my 2012 taxes online free   Crédito por Gastos del Cuidado de Menores y DependientesRecordatorios Introduction Useful Items - You may want to see: Requisitos Para Reclamar el CréditoRequisitos de la Persona Calificada Requisito del Ingreso del Trabajo Requisito de Gastos Relacionados con el Trabajo Requisito de la Declaración Conjunta Requisito de Identificación del Proveedor de Cuidados Cómo Calcular el CréditoCómo Calcular el Total de los Gastos Relacionados con el Trabajo Límite del Ingreso del Trabajo Límite de Dinero Cantidad de Crédito Cómo Reclamar el CréditoCrédito tributario no reembolsable. File my 2012 taxes online free Impuestos sobre la Nómina para Empleadores de Empleados Domésticos 33. File my 2012 taxes online free   Crédito para Ancianos o Personas IncapacitadasIntroduction Useful Items - You may want to see: ¿Reúne los Requisitos del Crédito?Persona que Reúne los Requisitos Límites sobre los Ingresos Cómo Reclamar el CréditoEl Crédito Calculado por el IRS El Crédito Calculado por Usted Mismo 34. File my 2012 taxes online free   Crédito Tributario por HijosIntroduction Useful Items - You may want to see: Hijo Calificado Cantidad de CréditoLímites del Crédito Cómo Reclamar el Crédito Crédito Tributario Adicional por Hijos Cómo Completar el Anexo 8812 (Formulario 1040A o Formulario 1040)Parte I Partes II a IV 35. File my 2012 taxes online free   Créditos Tributarios por EstudiosIntroduction Useful Items - You may want to see: ¿Quién Puede Reclamar un Crédito Tributario por Estudios? Gastos de Estudios CalificadosNo se Permite Beneficio Doble Ajustes a los Gastos de Estudios Calificados 36. File my 2012 taxes online free   Crédito por Ingreso del Trabajo (EIC) Qué Hay de Nuevo Recordatorios Introduction Useful Items - You may want to see: ¿Reúne los Requisitos para el Crédito?Si se Hizo una Solicitud Indebida del Crédito en un Año Anterior Parte A. File my 2012 taxes online free Requisitos para TodosRequisito 1. File my 2012 taxes online free Tiene que Tener Ingresos Brutos Ajustados Inferiores a: Requisito 2. File my 2012 taxes online free Tiene que tener un número de Seguro Social válido Requisito 3. File my 2012 taxes online free Su Estado Civil para Efectos de la Declaración no Puede Ser Casado que Presenta la Declaración por Separado Requisito 4. File my 2012 taxes online free Tiene que Ser Ciudadano o Extranjero Residente de los Estados Unidos Durante Todo el Año Requisito 5. File my 2012 taxes online free No Puede Presentar el Formulario 2555 ni el Formulario 2555-EZ Requisito 6. File my 2012 taxes online free Tiene que Tener Ingresos de Inversiones de $3,300 o Menos Requisito 7. File my 2012 taxes online free Tiene que Haber Recibido Ingresos del Trabajo Parte B. File my 2012 taxes online free Requisitos si Tiene un Hijo CalificadoRequisito 8. File my 2012 taxes online free Su Hijo Tiene que Cumplir los Requisitos de Parentesco, Edad, Residencia y de la Declaración Conjunta Requisito 9. File my 2012 taxes online free Para Reclamar el Crédito por Ingreso del Trabajo, Sólo una Persona Puede Basarse en el Hijo Calificado de Usted Requisito 10. File my 2012 taxes online free Otro Contribuyente no Puede Reclamarlo a Usted como Hijo Calificado Parte C. File my 2012 taxes online free Requisitos si no Tiene un Hijo CalificadoRequisito 11. File my 2012 taxes online free Tiene que Tener por lo Menos 25 Años pero Menos de 65 Años Requisito 12. File my 2012 taxes online free No Puede Ser el Dependiente de Otra Persona Requisito 13. File my 2012 taxes online free Otro Contribuyente no Puede Reclamarlo a Usted como Hijo Calificado Requisito 14. File my 2012 taxes online free Tiene que Haber Vivido en los Estados Unidos durante más de la Mitad del Año Parte D. File my 2012 taxes online free Cómo Calcular y Reclamar el Crédito por Ingreso del TrabajoRequisito 15. File my 2012 taxes online free Su Ingreso del Trabajo Tiene que Ser Menos de: El IRS Puede Calcularle el Crédito por Ingreso del Trabajo Cómo Calcular Usted Mismo el Crédito por Ingreso del Trabajo EjemplosEjemplo 1. File my 2012 taxes online free Juan y Julia Martínez (Formulario 1040A) Ejemplo 2. File my 2012 taxes online free Carla Robles (Formulario 1040EZ) 37. File my 2012 taxes online free   Otros CréditosQué Hay de Nuevo Introduction Useful Items - You may want to see: Créditos no ReembolsablesCrédito por Adopción Crédito por Vehículo Motorizado Alternativo Crédito por Bienes de Reabastecimiento de Vehículos con Combustible Alternativo Crédito para Titulares de Bonos de Crédito Tributario Crédito por Impuestos Extranjeros Crédito por Intereses Hipotecarios Crédito no Reembolsable del Impuesto Mínimo de Años Anteriores Crédito por Vehículos Enchufables con Motor de Dirección Eléctrica Créditos por Energía de la Propiedad Residencial Crédito por Aportaciones a Cuentas de Ahorro para la Jubilación (Crédito del Ahorrador) Créditos ReembolsablesCrédito por el Impuesto sobre Ganancias de Capital no Distribuidas Crédito Tributario por Cobertura del Seguro Médico Crédito por Retención en Exceso del Impuesto del Seguro Social o del Impuesto de la Jubilación Ferroviaria Prev  Up  Next   Home   More Online Publications