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Filing Taxes Previous Years

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Filing Taxes Previous Years

Filing taxes previous years 5. Filing taxes previous years   Wages, Salaries, and Other Earnings Table of Contents Reminder Introduction Useful Items - You may want to see: Employee CompensationBabysitting. Filing taxes previous years Miscellaneous Compensation Fringe Benefits Retirement Plan Contributions Stock Options Restricted Property Special Rules for Certain EmployeesClergy Members of Religious Orders Foreign Employer Military Volunteers Sickness and Injury BenefitsDisability Pensions Long-Term Care Insurance Contracts Workers' Compensation Other Sickness and Injury Benefits Reminder Foreign income. Filing taxes previous years   If you are a U. Filing taxes previous years S. Filing taxes previous years citizen or resident alien, you must report income from sources outside the United States (foreign income) on your tax return unless it is exempt by U. Filing taxes previous years S. Filing taxes previous years law. Filing taxes previous years This is true whether you reside inside or outside the United States and whether or not you receive a Form W-2, Wage and Tax Statement, or Form 1099 from the foreign payer. Filing taxes previous years This applies to earned income (such as wages and tips) as well as unearned income (such as interest, dividends, capital gains, pensions, rents, and royalties). Filing taxes previous years If you reside outside the United States, you may be able to exclude part or all of your foreign source earned income. Filing taxes previous years For details, see Publication 54, Tax Guide for U. Filing taxes previous years S. Filing taxes previous years Citizens and Resident Aliens Abroad. Filing taxes previous years Introduction This chapter discusses compensation received for services as an employee, such as wages, salaries, and fringe benefits. Filing taxes previous years The following topics are included. Filing taxes previous years Bonuses and awards. Filing taxes previous years Special rules for certain employees. Filing taxes previous years Sickness and injury benefits. Filing taxes previous years The chapter explains what income is included in the employee's gross income and what is not included. Filing taxes previous years Useful Items - You may want to see: Publication 463 Travel, Entertainment, Gift, and Car Expenses 525 Taxable and Nontaxable Income Employee Compensation This section discusses various types of employee compensation including fringe benefits, retirement plan contributions, stock options, and restricted property. Filing taxes previous years Form W-2. Filing taxes previous years    If you are an employee, you should receive Form W-2 from your employer showing the pay you received for your services. Filing taxes previous years Include your pay on line 7 of Form 1040 or Form 1040A, or on line 1 of Form 1040EZ, even if you do not receive a Form W-2. Filing taxes previous years   If you performed services, other than as an independent contractor, and your employer did not withhold social security and Medicare taxes from your pay, you must file Form 8919, Uncollected Social Security and Medicare Tax on Wages, with your Form 1040. Filing taxes previous years These wages must be included on line 7 of Form 1040. Filing taxes previous years See Form 8919 for more information. Filing taxes previous years Childcare providers. Filing taxes previous years    If you provide childcare, either in the child's home or in your home or other place of business, the pay you receive must be included in your income. Filing taxes previous years If you are not an employee, you are probably self-employed and must include payments for your services on Schedule C (Form 1040), Profit or Loss From Business, or Schedule C-EZ (Form 1040), Net Profit From Business. Filing taxes previous years You generally are not an employee unless you are subject to the will and control of the person who employs you as to what you are to do and how you are to do it. Filing taxes previous years Babysitting. Filing taxes previous years   If you babysit for relatives or neighborhood children, whether on a regular basis or only periodically, the rules for childcare providers apply to you. Filing taxes previous years Miscellaneous Compensation This section discusses different types of employee compensation. Filing taxes previous years Advance commissions and other earnings. Filing taxes previous years   If you receive advance commissions or other amounts for services to be performed in the future and you are a cash-method taxpayer, you must include these amounts in your income in the year you receive them. Filing taxes previous years    If you repay unearned commissions or other amounts in the same year you receive them, reduce the amount included in your income by the repayment. Filing taxes previous years If you repay them in a later tax year, you can deduct the repayment as an itemized deduction on your Schedule A (Form 1040), or you may be able to take a credit for that year. Filing taxes previous years See Repayments in chapter 12. Filing taxes previous years Allowances and reimbursements. Filing taxes previous years    If you receive travel, transportation, or other business expense allowances or reimbursements from your employer, see Publication 463. Filing taxes previous years If you are reimbursed for moving expenses, see Publication 521, Moving Expenses. Filing taxes previous years Back pay awards. Filing taxes previous years    Include in income amounts you are awarded in a settlement or judgment for back pay. Filing taxes previous years These include payments made to you for damages, unpaid life insurance premiums, and unpaid health insurance premiums. Filing taxes previous years They should be reported to you by your employer on Form W-2. Filing taxes previous years Bonuses and awards. Filing taxes previous years   Bonuses or awards you receive for outstanding work are included in your income and should be shown on your Form W-2. Filing taxes previous years These include prizes such as vacation trips for meeting sales goals. Filing taxes previous years If the prize or award you receive is goods or services, you must include the fair market value of the goods or services in your income. Filing taxes previous years However, if your employer merely promises to pay you a bonus or award at some future time, it is not taxable until you receive it or it is made available to you. Filing taxes previous years Employee achievement award. Filing taxes previous years   If you receive tangible personal property (other than cash, a gift certificate, or an equivalent item) as an award for length of service or safety achievement, you generally can exclude its value from your income. Filing taxes previous years However, the amount you can exclude is limited to your employer's cost and cannot be more than $1,600 ($400 for awards that are not qualified plan awards) for all such awards you receive during the year. Filing taxes previous years Your employer can tell you whether your award is a qualified plan award. Filing taxes previous years Your employer must make the award as part of a meaningful presentation, under conditions and circumstances that do not create a significant likelihood of it being disguised pay. Filing taxes previous years   However, the exclusion does not apply to the following awards: A length-of-service award if you received it for less than 5 years of service or if you received another length-of-service award during the year or the previous 4 years. Filing taxes previous years A safety achievement award if you are a manager, administrator, clerical employee, or other professional employee or if more than 10% of eligible employees previously received safety achievement awards during the year. Filing taxes previous years Example. Filing taxes previous years Ben Green received three employee achievement awards during the year: a nonqualified plan award of a watch valued at $250, and two qualified plan awards of a stereo valued at $1,000 and a set of golf clubs valued at $500. Filing taxes previous years Assuming that the requirements for qualified plan awards are otherwise satisfied, each award by itself would be excluded from income. Filing taxes previous years However, because the $1,750 total value of the awards is more than $1,600, Ben must include $150 ($1,750 – $1,600) in his income. Filing taxes previous years Differential wage payments. Filing taxes previous years   This is any payment made to you by an employer for any period during which you are, for a period of more than 30 days, an active duty member of the uniformed services and represents all or a portion of the wages you would have received from the employer during that period. Filing taxes previous years These payments are treated as wages and are subject to income tax withholding, but not FICA or FUTA taxes. Filing taxes previous years The payments are reported as wages on Form W-2. Filing taxes previous years Government cost-of-living allowances. Filing taxes previous years   Most payments received by U. Filing taxes previous years S. Filing taxes previous years Government civilian employees for working abroad are taxable. Filing taxes previous years However, certain cost-of-living allowances are tax free. Filing taxes previous years Publication 516, U. Filing taxes previous years S. Filing taxes previous years Government Civilian Employees Stationed Abroad, explains the tax treatment of allowances, differentials, and other special pay you receive for employment abroad. Filing taxes previous years Nonqualified deferred compensation plans. Filing taxes previous years   Your employer will report to you the total amount of deferrals for the year under a nonqualified deferred compensation plan. Filing taxes previous years This amount is shown on Form W-2, box 12, using code Y. Filing taxes previous years This amount is not included in your income. Filing taxes previous years   However, if at any time during the tax year, the plan fails to meet certain requirements, or is not operated under those requirements, all amounts deferred under the plan for the tax year and all preceding tax years are included in your income for the current year. Filing taxes previous years This amount is included in your wages shown on Form W-2, box 1. Filing taxes previous years It is also shown on Form W-2, box 12, using code Z. Filing taxes previous years Note received for services. Filing taxes previous years    If your employer gives you a secured note as payment for your services, you must include the fair market value (usually the discount value) of the note in your income for the year you receive it. Filing taxes previous years When you later receive payments on the note, a proportionate part of each payment is the recovery of the fair market value that you previously included in your income. Filing taxes previous years Do not include that part again in your income. Filing taxes previous years Include the rest of the payment in your income in the year of payment. Filing taxes previous years   If your employer gives you a nonnegotiable unsecured note as payment for your services, payments on the note that are credited toward the principal amount of the note are compensation income when you receive them. Filing taxes previous years Severance pay. Filing taxes previous years   You must include in income amounts you receive as severance pay and any payment for the cancellation of your employment contract. Filing taxes previous years Accrued leave payment. Filing taxes previous years    If you are a federal employee and receive a lump-sum payment for accrued annual leave when you retire or resign, this amount will be included as wages on your Form W-2. Filing taxes previous years   If you resign from one agency and are reemployed by another agency, you may have to repay part of your lump-sum annual leave payment to the second agency. Filing taxes previous years You can reduce gross wages by the amount you repaid in the same tax year in which you received it. Filing taxes previous years Attach to your tax return a copy of the receipt or statement given to you by the agency you repaid to explain the difference between the wages on the return and the wages on your Forms W-2. Filing taxes previous years Outplacement services. Filing taxes previous years   If you choose to accept a reduced amount of severance pay so that you can receive outplacement services (such as training in résumé writing and interview techniques), you must include the unreduced amount of the severance pay in income. Filing taxes previous years    However, you can deduct the value of these outplacement services (up to the difference between the severance pay included in income and the amount actually received) as a miscellaneous deduction (subject to the 2%-of-adjusted-gross-income (AGI) limit) on Schedule A (Form 1040). Filing taxes previous years Sick pay. Filing taxes previous years   Pay you receive from your employer while you are sick or injured is part of your salary or wages. Filing taxes previous years In addition, you must include in your income sick pay benefits received from any of the following payers: A welfare fund. Filing taxes previous years A state sickness or disability fund. Filing taxes previous years An association of employers or employees. Filing taxes previous years An insurance company, if your employer paid for the plan. Filing taxes previous years However, if you paid the premiums on an accident or health insurance policy, the benefits you receive under the policy are not taxable. Filing taxes previous years For more information, see Publication 525. Filing taxes previous years Social security and Medicare taxes paid by employer. Filing taxes previous years   If you and your employer have an agreement that your employer pays your social security and Medicare taxes without deducting them from your gross wages, you must report the amount of tax paid for you as taxable wages on your tax return. Filing taxes previous years The payment also is treated as wages for figuring your social security and Medicare taxes and your social security and Medicare benefits. Filing taxes previous years However, these payments are not treated as social security and Medicare wages if you are a household worker or a farm worker. Filing taxes previous years Stock appreciation rights. Filing taxes previous years   Do not include a stock appreciation right granted by your employer in income until you exercise (use) the right. Filing taxes previous years When you use the right, you are entitled to a cash payment equal to the fair market value of the corporation's stock on the date of use minus the fair market value on the date the right was granted. Filing taxes previous years You include the cash payment in your income in the year you use the right. Filing taxes previous years Fringe Benefits Fringe benefits received in connection with the performance of your services are included in your income as compensation unless you pay fair market value for them or they are specifically excluded by law. Filing taxes previous years Abstaining from the performance of services (for example, under a covenant not to compete) is treated as the performance of services for purposes of these rules. Filing taxes previous years Accounting period. Filing taxes previous years   You must use the same accounting period your employer uses to report your taxable noncash fringe benefits. Filing taxes previous years Your employer has the option to report taxable noncash fringe benefits by using either of the following rules. Filing taxes previous years The general rule: benefits are reported for a full calendar year (January 1–December 31). Filing taxes previous years The special accounting period rule: benefits provided during the last 2 months of the calendar year (or any shorter period) are treated as paid during the following calendar year. Filing taxes previous years For example, each year your employer reports the value of benefits provided during the last 2 months of the prior year and the first 10 months of the current year. Filing taxes previous years  Your employer does not have to use the same accounting period for each fringe benefit, but must use the same period for all employees who receive a particular benefit. Filing taxes previous years   You must use the same accounting period that you use to report the benefit to claim an employee business deduction (for use of a car, for example). Filing taxes previous years Form W-2. Filing taxes previous years   Your employer must include all taxable fringe benefits in box 1 of Form W-2 as wages, tips, and other compensation and, if applicable, in boxes 3 and 5 as social security and Medicare wages. Filing taxes previous years Although not required, your employer may include the total value of fringe benefits in box 14 (or on a separate statement). Filing taxes previous years However, if your employer provided you with a vehicle and included 100% of its annual lease value in your income, the employer must separately report this value to you in box 14 (or on a separate statement). Filing taxes previous years Accident or Health Plan In most cases, the value of accident or health plan coverage provided to you by your employer is not included in your income. Filing taxes previous years Benefits you receive from the plan may be taxable, as explained later under Sickness and Injury Benefits . Filing taxes previous years For information on the items covered in this section, other than Long-term care coverage, see Publication 969, Health Savings Accounts and Other Tax-Favored Health Plans. Filing taxes previous years Long-term care coverage. Filing taxes previous years    Contributions by your employer to provide coverage for long-term care services generally are not included in your income. Filing taxes previous years However, contributions made through a flexible spending or similar arrangement (such as a cafeteria plan) must be included in your income. Filing taxes previous years This amount will be reported as wages in box 1 of your Form W-2. Filing taxes previous years   Contributions you make to the plan are discussed in Publication 502, Medical and Dental Expenses. Filing taxes previous years Archer MSA contributions. Filing taxes previous years    Contributions by your employer to your Archer MSA generally are not included in your income. Filing taxes previous years Their total will be reported in box 12 of Form W-2 with code R. Filing taxes previous years You must report this amount on Form 8853, Archer MSAs and Long-Term Care Insurance Contracts. Filing taxes previous years File the form with your return. Filing taxes previous years Health flexible spending arrangement (health FSA). Filing taxes previous years   If your employer provides a health FSA that qualifies as an accident or health plan, the amount of your salary reduction, and reimbursements of your medical care expenses, in most cases, are not included in your income. Filing taxes previous years Note. Filing taxes previous years Health FSAs are subject to a $2,500 limit on salary reduction contributions for plan years beginning after 2012. Filing taxes previous years The $2,500 limit is subject to an inflation adjustment for plan years beginning after 2013. Filing taxes previous years For more information, see Notice 2012-40, 2012-26 I. Filing taxes previous years R. Filing taxes previous years B. Filing taxes previous years 1046, available at www. Filing taxes previous years irs. Filing taxes previous years gov/irb/2012-26 IRB/ar09. Filing taxes previous years html. Filing taxes previous years Health reimbursement arrangement (HRA). Filing taxes previous years   If your employer provides an HRA that qualifies as an accident or health plan, coverage and reimbursements of your medical care expenses generally are not included in your income. Filing taxes previous years Health savings accounts (HSA). Filing taxes previous years   If you are an eligible individual, you and any other person, including your employer or a family member, can make contributions to your HSA. Filing taxes previous years Contributions, other than employer contributions, are deductible on your return whether or not you itemize deductions. Filing taxes previous years Contributions made by your employer are not included in your income. Filing taxes previous years Distributions from your HSA that are used to pay qualified medical expenses are not included in your income. Filing taxes previous years Distributions not used for qualified medical expenses are included in your income. Filing taxes previous years See Publication 969 for the requirements of an HSA. Filing taxes previous years   Contributions by a partnership to a bona fide partner's HSA are not contributions by an employer. Filing taxes previous years The contributions are treated as a distribution of money and are not included in the partner's gross income. Filing taxes previous years Contributions by a partnership to a partner's HSA for services rendered are treated as guaranteed payments that are includible in the partner's gross income. Filing taxes previous years In both situations, the partner can deduct the contribution made to the partner's HSA. Filing taxes previous years   Contributions by an S corporation to a 2% shareholder-employee's HSA for services rendered are treated as guaranteed payments and are includible in the shareholder-employee's gross income. Filing taxes previous years The shareholder-employee can deduct the contribution made to the shareholder-employee's HSA. Filing taxes previous years Qualified HSA funding distribution. Filing taxes previous years   You can make a one-time distribution from your individual retirement account (IRA) to an HSA and you generally will not include any of the distribution in your income. Filing taxes previous years See Publication 590 for the requirements for these qualified HSA funding distributions. Filing taxes previous years Failure to maintain eligibility. Filing taxes previous years   If your HSA received qualified HSA distributions from a health FSA or HRA (discussed earlier) or a qualified HSA funding distribution, you must be an eligible individual for HSA purposes for the period beginning with the month in which the qualified distribution was made and ending on the last day of the 12th month following that month. Filing taxes previous years If you fail to be an eligible individual during this period, other than because of death or disability, you must include the distribution in your income for the tax year in which you become ineligible. Filing taxes previous years This income is also subject to an additional 10% tax. Filing taxes previous years Adoption Assistance You may be able to exclude from your income amounts paid or expenses incurred by your employer for qualified adoption expenses in connection with your adoption of an eligible child. Filing taxes previous years See the Instructions for Form 8839, Qualified Adoption Expenses, for more information. Filing taxes previous years Adoption benefits are reported by your employer in box 12 of Form W-2 with code T. Filing taxes previous years They also are included as social security and Medicare wages in boxes 3 and 5. Filing taxes previous years However, they are not included as wages in box 1. Filing taxes previous years To determine the taxable and nontaxable amounts, you must complete Part III of Form 8839. Filing taxes previous years File the form with your return. Filing taxes previous years De Minimis (Minimal) Benefits If your employer provides you with a product or service and the cost of it is so small that it would be unreasonable for the employer to account for it, the value is not included in your income. Filing taxes previous years In most cases, the value of benefits such as discounts at company cafeterias, cab fares home when working overtime, and company picnics are not included in your income. Filing taxes previous years Holiday gifts. Filing taxes previous years   If your employer gives you a turkey, ham, or other item of nominal value at Christmas or other holidays, do not include the value of the gift in your income. Filing taxes previous years However, if your employer gives you cash, a gift certificate, or a similar item that you can easily exchange for cash, you include the value of that gift as extra salary or wages regardless of the amount involved. Filing taxes previous years Educational Assistance You can exclude from your income up to $5,250 of qualified employer-provided educational assistance. Filing taxes previous years For more information, see Publication 970, Tax Benefits for Education. Filing taxes previous years Group-Term Life Insurance In most cases, the cost of up to $50,000 of group-term life insurance coverage provided to you by your employer (or former employer) is not included in your income. Filing taxes previous years However, you must include in income the cost of employer-provided insurance that is more than the cost of $50,000 of coverage reduced by any amount you pay toward the purchase of the insurance. Filing taxes previous years For exceptions, see Entire cost excluded , and Entire cost taxed , later. Filing taxes previous years If your employer provided more than $50,000 of coverage, the amount included in your income is reported as part of your wages in box 1 of your Form W-2. Filing taxes previous years Also, it is shown separately in box 12 with code C. Filing taxes previous years Group-term life insurance. Filing taxes previous years   This insurance is term life insurance protection (insurance for a fixed period of time) that: Provides a general death benefit, Is provided to a group of employees, Is provided under a policy carried by the employer, and Provides an amount of insurance to each employee based on a formula that prevents individual selection. Filing taxes previous years Permanent benefits. Filing taxes previous years   If your group-term life insurance policy includes permanent benefits, such as a paid-up or cash surrender value, you must include in your income, as wages, the cost of the permanent benefits minus the amount you pay for them. Filing taxes previous years Your employer should be able to tell you the amount to include in your income. Filing taxes previous years Accidental death benefits. Filing taxes previous years   Insurance that provides accidental or other death benefits but does not provide general death benefits (travel insurance, for example) is not group-term life insurance. Filing taxes previous years Former employer. Filing taxes previous years   If your former employer provided more than $50,000 of group-term life insurance coverage during the year, the amount included in your income is reported as wages in box 1 of Form W-2. Filing taxes previous years Also, it is shown separately in box 12 with code C. Filing taxes previous years Box 12 also will show the amount of uncollected social security and Medicare taxes on the excess coverage, with codes M and N. Filing taxes previous years You must pay these taxes with your income tax return. Filing taxes previous years Include them on line 60, Form 1040, and follow the instructions for line 60. Filing taxes previous years For more information, see the Instructions for Form 1040. Filing taxes previous years Two or more employers. Filing taxes previous years   Your exclusion for employer-provided group-term life insurance coverage cannot exceed the cost of $50,000 of coverage, whether the insurance is provided by a single employer or multiple employers. Filing taxes previous years If two or more employers provide insurance coverage that totals more than $50,000, the amounts reported as wages on your Forms W-2 will not be correct. Filing taxes previous years You must figure how much to include in your income. Filing taxes previous years Reduce the amount you figure by any amount reported with code C in box 12 of your Forms W-2, add the result to the wages reported in box 1, and report the total on your return. Filing taxes previous years Figuring the taxable cost. Filing taxes previous years   Use the following worksheet to figure the amount to include in your income. Filing taxes previous years     Worksheet 5-1. Filing taxes previous years Figuring the Cost of Group-Term Life Insurance To Include in Income 1. Filing taxes previous years Enter the total amount of your insurance coverage from your employer(s) 1. Filing taxes previous years   2. Filing taxes previous years Limit on exclusion for employer-provided group-term life insurance coverage 2. Filing taxes previous years 50,000 3. Filing taxes previous years Subtract line 2 from line 1 3. Filing taxes previous years   4. Filing taxes previous years Divide line 3 by $1,000. Filing taxes previous years Figure to the nearest tenth 4. Filing taxes previous years   5. Filing taxes previous years Go to Table 5-1. Filing taxes previous years Using your age on the last day of the tax year, find your age group in the left column, and enter the cost from the column on the right for your age group 5. Filing taxes previous years   6. Filing taxes previous years Multiply line 4 by line 5 6. Filing taxes previous years   7. Filing taxes previous years Enter the number of full months of coverage at this cost. Filing taxes previous years 7. Filing taxes previous years   8. Filing taxes previous years Multiply line 6 by line 7 8. Filing taxes previous years   9. Filing taxes previous years Enter the premiums you paid per month 9. Filing taxes previous years       10. Filing taxes previous years Enter the number of months you paid the premiums 10. Filing taxes previous years       11. Filing taxes previous years Multiply line 9 by line 10. Filing taxes previous years 11. Filing taxes previous years   12. Filing taxes previous years Subtract line 11 from line 8. Filing taxes previous years Include this amount in your income as wages 12. Filing taxes previous years      Table 5-1. Filing taxes previous years Cost of $1,000 of Group-Term Life Insurance for One Month Age Cost Under 25 $. Filing taxes previous years 05 25 through 29 . Filing taxes previous years 06 30 through 34 . Filing taxes previous years 08 35 through 39 . Filing taxes previous years 09 40 through 44 . Filing taxes previous years 10 45 through 49 . Filing taxes previous years 15 50 through 54 . Filing taxes previous years 23 55 through 59 . Filing taxes previous years 43 60 through 64 . Filing taxes previous years 66 65 through 69 1. Filing taxes previous years 27 70 and older 2. Filing taxes previous years 06 Example. Filing taxes previous years You are 51 years old and work for employers A and B. Filing taxes previous years Both employers provide group-term life insurance coverage for you for the entire year. Filing taxes previous years Your coverage is $35,000 with employer A and $45,000 with employer B. Filing taxes previous years You pay premiums of $4. Filing taxes previous years 15 a month under the employer B group plan. Filing taxes previous years You figure the amount to include in your income as shown in Worksheet 5-1. Filing taxes previous years Figuring the Cost of Group-Term Life Insurance to Include in Income—Illustrated, later. Filing taxes previous years Worksheet 5-1. Filing taxes previous years Figuring the Cost of Group-Term Life Insurance to Include in Income—Illustrated 1. Filing taxes previous years Enter the total amount of your insurance coverage from your employer(s) 1. Filing taxes previous years 80,000 2. Filing taxes previous years Limit on exclusion for employer-provided group-term life insurance coverage 2. Filing taxes previous years 50,000 3. Filing taxes previous years Subtract line 2 from line 1 3. Filing taxes previous years 30,000 4. Filing taxes previous years Divide line 3 by $1,000. Filing taxes previous years Figure to the nearest tenth 4. Filing taxes previous years 30. Filing taxes previous years 0 5. Filing taxes previous years Go to Table 5-1. Filing taxes previous years Using your age on the last day of the tax year, find your age group in the left column, and enter the cost from the column on the right for your age group 5. Filing taxes previous years . Filing taxes previous years 23 6. Filing taxes previous years Multiply line 4 by line 5 6. Filing taxes previous years 6. Filing taxes previous years 90 7. Filing taxes previous years Enter the number of full months of coverage at this cost. Filing taxes previous years 7. Filing taxes previous years 12 8. Filing taxes previous years Multiply line 6 by line 7 8. Filing taxes previous years 82. Filing taxes previous years 80 9. Filing taxes previous years Enter the premiums you paid per month 9. Filing taxes previous years 4. Filing taxes previous years 15     10. Filing taxes previous years Enter the number of months you paid the premiums 10. Filing taxes previous years 12     11. Filing taxes previous years Multiply line 9 by line 10. Filing taxes previous years 11. Filing taxes previous years 49. Filing taxes previous years 80 12. Filing taxes previous years Subtract line 11 from line 8. Filing taxes previous years Include this amount in your income as wages 12. Filing taxes previous years 33. Filing taxes previous years 00 Entire cost excluded. Filing taxes previous years   You are not taxed on the cost of group-term life insurance if any of the following circumstances apply. Filing taxes previous years You are permanently and totally disabled and have ended your employment. Filing taxes previous years Your employer is the beneficiary of the policy for the entire period the insurance is in force during the tax year. Filing taxes previous years A charitable organization (defined in chapter 24) to which contributions are deductible is the only beneficiary of the policy for the entire period the insurance is in force during the tax year. Filing taxes previous years (You are not entitled to a deduction for a charitable contribution for naming a charitable organization as the beneficiary of your policy. Filing taxes previous years ) The plan existed on January 1, 1984, and You retired before January 2, 1984, and were covered by the plan when you retired, or You reached age 55 before January 2, 1984, and were employed by the employer or its predecessor in 1983. Filing taxes previous years Entire cost taxed. Filing taxes previous years   You are taxed on the entire cost of group-term life insurance if either of the following circumstances apply: The insurance is provided by your employer through a qualified employees' trust, such as a pension trust or a qualified annuity plan. Filing taxes previous years You are a key employee and your employer's plan discriminates in favor of key employees. Filing taxes previous years Retirement Planning Services If your employer has a qualified retirement plan, qualified retirement planning services provided to you (and your spouse) by your employer are not included in your income. Filing taxes previous years Qualified services include retirement planning advice, information about your employer's retirement plan, and information about how the plan may fit into your overall individual retirement income plan. Filing taxes previous years You cannot exclude the value of any tax preparation, accounting, legal, or brokerage services provided by your employer. Filing taxes previous years Transportation If your employer provides you with a qualified transportation fringe benefit, it can be excluded from your income, up to certain limits. Filing taxes previous years A qualified transportation fringe benefit is: Transportation in a commuter highway vehicle (such as a van) between your home and work place, A transit pass, Qualified parking, or Qualified bicycle commuting reimbursement. Filing taxes previous years Cash reimbursement by your employer for these expenses under a bona fide reimbursement arrangement is also excludable. Filing taxes previous years However, cash reimbursement for a transit pass is excludable only if a voucher or similar item that can be exchanged only for a transit pass is not readily available for direct distribution to you. Filing taxes previous years Exclusion limit. Filing taxes previous years   The exclusion for commuter vehicle transportation and transit pass fringe benefits cannot be more than $245 a month. Filing taxes previous years   The exclusion for the qualified parking fringe benefit cannot be more than $245 a month. Filing taxes previous years   The exclusion for qualified bicycle commuting in a calendar year is $20 multiplied by the number of qualified bicycle commuting months that year. Filing taxes previous years   If the benefits have a value that is more than these limits, the excess must be included in your income. Filing taxes previous years You are not entitled to these exclusions if the reimbursements are made under a compensation reduction agreement. Filing taxes previous years Commuter highway vehicle. Filing taxes previous years   This is a highway vehicle that seats at least six adults (not including the driver). Filing taxes previous years At least 80% of the vehicle's mileage must reasonably be expected to be: For transporting employees between their homes and work place, and On trips during which employees occupy at least half of the vehicle's adult seating capacity (not including the driver). Filing taxes previous years Transit pass. Filing taxes previous years   This is any pass, token, farecard, voucher, or similar item entitling a person to ride mass transit (whether public or private) free or at a reduced rate or to ride in a commuter highway vehicle operated by a person in the business of transporting persons for compensation. Filing taxes previous years Qualified parking. Filing taxes previous years   This is parking provided to an employee at or near the employer's place of business. Filing taxes previous years It also includes parking provided on or near a location from which the employee commutes to work by mass transit, in a commuter highway vehicle, or by carpool. Filing taxes previous years It does not include parking at or near the employee's home. Filing taxes previous years Qualified bicycle commuting. Filing taxes previous years   This is reimbursement based on the number of qualified bicycle commuting months for the year. Filing taxes previous years A qualified bicycle commuting month is any month you use the bicycle regularly for a substantial portion of the travel between your home and place of employment and you do not receive any of the other qualified transportation fringe benefits. Filing taxes previous years The reimbursement can be for expenses you incurred during the year for the purchase of a bicycle and bicycle improvements, repair, and storage. Filing taxes previous years Retirement Plan Contributions Your employer's contributions to a qualified retirement plan for you are not included in income at the time contributed. Filing taxes previous years (Your employer can tell you whether your retirement plan is qualified. Filing taxes previous years ) However, the cost of life insurance coverage included in the plan may have to be included. Filing taxes previous years See Group-Term Life Insurance , earlier, under Fringe Benefits. Filing taxes previous years If your employer pays into a nonqualified plan for you, you generally must include the contributions in your income as wages for the tax year in which the contributions are made. Filing taxes previous years However, if your interest in the plan is not transferable or is subject to a substantial risk of forfeiture (you have a good chance of losing it) at the time of the contribution, you do not have to include the value of your interest in your income until it is transferable or is no longer subject to a substantial risk of forfeiture. Filing taxes previous years For information on distributions from retirement plans, see Publication 575, Pension and Annuity Income (or Publication 721, Tax Guide to U. Filing taxes previous years S. Filing taxes previous years Civil Service Retirement Benefits, if you are a federal employee or retiree). Filing taxes previous years Elective deferrals. Filing taxes previous years   If you are covered by certain kinds of retirement plans, you can choose to have part of your compensation contributed by your employer to a retirement fund, rather than have it paid to you. Filing taxes previous years The amount you set aside (called an elective deferral) is treated as an employer contribution to a qualified plan. Filing taxes previous years An elective deferral, other than a designated Roth contribution (discussed later), is not included in wages subject to income tax at the time contributed. Filing taxes previous years However, it is included in wages subject to social security and Medicare taxes. Filing taxes previous years   Elective deferrals include elective contributions to the following retirement plans. Filing taxes previous years Cash or deferred arrangements (section 401(k) plans). Filing taxes previous years The Thrift Savings Plan for federal employees. Filing taxes previous years Salary reduction simplified employee pension plans (SARSEP). Filing taxes previous years Savings incentive match plans for employees (SIMPLE plans). Filing taxes previous years Tax-sheltered annuity plans (403(b) plans). Filing taxes previous years Section 501(c)(18)(D) plans. Filing taxes previous years Section 457 plans. Filing taxes previous years Qualified automatic contribution arrangements. Filing taxes previous years   Under a qualified automatic contribution arrangement, your employer can treat you as having elected to have a part of your compensation contributed to a section 401(k) plan. Filing taxes previous years You are to receive written notice of your rights and obligations under the qualified automatic contribution arrangement. Filing taxes previous years The notice must explain: Your rights to elect not to have elective contributions made, or to have contributions made at a different percentage, and How contributions made will be invested in the absence of any investment decision by you. Filing taxes previous years   You must be given a reasonable period of time after receipt of the notice and before the first elective contribution is made to make an election with respect to the contributions. Filing taxes previous years Overall limit on deferrals. Filing taxes previous years   For 2013, in most cases, you should not have deferred more than a total of $17,500 of contributions to the plans listed in (1) through (3) and (5) above. Filing taxes previous years The limit for SIMPLE plans is $12,000. Filing taxes previous years The limit for section 501(c)(18)(D) plans is the lesser of $7,000 or 25% of your compensation. Filing taxes previous years The limit for section 457 plans is the lesser of your includible compensation or $17,500. Filing taxes previous years Amounts deferred under specific plan limits are part of the overall limit on deferrals. Filing taxes previous years Designated Roth contributions. Filing taxes previous years   Employers with section 401(k) and section 403(b) plans can create qualified Roth contribution programs so that you may elect to have part or all of your elective deferrals to the plan designated as after-tax Roth contributions. Filing taxes previous years Designated Roth contributions are treated as elective deferrals, except that they are included in income. Filing taxes previous years Excess deferrals. Filing taxes previous years   Your employer or plan administrator should apply the proper annual limit when figuring your plan contributions. Filing taxes previous years However, you are responsible for monitoring the total you defer to ensure that the deferrals are not more than the overall limit. Filing taxes previous years   If you set aside more than the limit, the excess generally must be included in your income for that year, unless you have an excess deferral of a designated Roth contribution. Filing taxes previous years See Publication 525 for a discussion of the tax treatment of excess deferrals. Filing taxes previous years Catch-up contributions. Filing taxes previous years   You may be allowed catch-up contributions (additional elective deferral) if you are age 50 or older by the end of your tax year. Filing taxes previous years Stock Options If you receive a nonstatutory option to buy or sell stock or other property as payment for your services, you usually will have income when you receive the option, when you exercise the option (use it to buy or sell the stock or other property), or when you sell or otherwise dispose of the option. Filing taxes previous years However, if your option is a statutory stock option, you will not have any income until you sell or exchange your stock. Filing taxes previous years Your employer can tell you which kind of option you hold. Filing taxes previous years For more information, see Publication 525. Filing taxes previous years Restricted Property In most cases, if you receive property for your services, you must include its fair market value in your income in the year you receive the property. Filing taxes previous years However, if you receive stock or other property that has certain restrictions that affect its value, you do not include the value of the property in your income until it has substantially vested. Filing taxes previous years (You can choose to include the value of the property in your income in the year it is transferred to you. Filing taxes previous years ) For more information, see Restricted Property in Publication 525. Filing taxes previous years Dividends received on restricted stock. Filing taxes previous years   Dividends you receive on restricted stock are treated as compensation and not as dividend income. Filing taxes previous years Your employer should include these payments on your Form W-2. Filing taxes previous years Stock you chose to include in income. Filing taxes previous years   Dividends you receive on restricted stock you chose to include in your income in the year transferred are treated the same as any other dividends. Filing taxes previous years Report them on your return as dividends. Filing taxes previous years For a discussion of dividends, see chapter 8. Filing taxes previous years    For information on how to treat dividends reported on both your Form W-2 and Form 1099-DIV, see Dividends received on restricted stock in Publication 525. Filing taxes previous years Special Rules for Certain Employees This section deals with special rules for people in certain types of employment: members of the clergy, members of religious orders, people working for foreign employers, military personnel, and volunteers. Filing taxes previous years Clergy Generally, if you are a member of the clergy, you must include in your income offerings and fees you receive for marriages, baptisms, funerals, masses, etc. Filing taxes previous years , in addition to your salary. Filing taxes previous years If the offering is made to the religious institution, it is not taxable to you. Filing taxes previous years If you are a member of a religious organization and you give your outside earnings to the religious organization, you still must include the earnings in your income. Filing taxes previous years However, you may be entitled to a charitable contribution deduction for the amount paid to the organization. Filing taxes previous years See chapter 24. Filing taxes previous years Pension. Filing taxes previous years    A pension or retirement pay for a member of the clergy usually is treated as any other pension or annuity. Filing taxes previous years It must be reported on lines 16a and 16b of Form 1040 or on lines 12a and 12b of Form 1040A. Filing taxes previous years Housing. Filing taxes previous years    Special rules for housing apply to members of the clergy. Filing taxes previous years Under these rules, you do not include in your income the rental value of a home (including utilities) or a designated housing allowance provided to you as part of your pay. Filing taxes previous years However, the exclusion cannot be more than the reasonable pay for your service. Filing taxes previous years If you pay for the utilities, you can exclude any allowance designated for utility cost, up to your actual cost. Filing taxes previous years The home or allowance must be provided as compensation for your services as an ordained, licensed, or commissioned minister. Filing taxes previous years However, you must include the rental value of the home or the housing allowance as earnings from self-employment on Schedule SE (Form 1040) if you are subject to the self-employment tax. Filing taxes previous years For more information, see Publication 517, Social Security and Other Information for Members of the Clergy and Religious Workers. Filing taxes previous years Members of Religious Orders If you are a member of a religious order who has taken a vow of poverty, how you treat earnings that you renounce and turn over to the order depends on whether your services are performed for the order. Filing taxes previous years Services performed for the order. Filing taxes previous years   If you are performing the services as an agent of the order in the exercise of duties required by the order, do not include in your income the amounts turned over to the order. Filing taxes previous years   If your order directs you to perform services for another agency of the supervising church or an associated institution, you are considered to be performing the services as an agent of the order. Filing taxes previous years Any wages you earn as an agent of an order that you turn over to the order are not included in your income. Filing taxes previous years Example. Filing taxes previous years You are a member of a church order and have taken a vow of poverty. Filing taxes previous years You renounce any claims to your earnings and turn over to the order any salaries or wages you earn. Filing taxes previous years You are a registered nurse, so your order assigns you to work in a hospital that is an associated institution of the church. Filing taxes previous years However, you remain under the general direction and control of the order. Filing taxes previous years You are considered to be an agent of the order and any wages you earn at the hospital that you turn over to your order are not included in your income. Filing taxes previous years Services performed outside the order. Filing taxes previous years   If you are directed to work outside the order, your services are not an exercise of duties required by the order unless they meet both of the following requirements: They are the kind of services that are ordinarily the duties of members of the order. Filing taxes previous years They are part of the duties that you must exercise for, or on behalf of, the religious order as its agent. Filing taxes previous years If you are an employee of a third party, the services you perform for the third party will not be considered directed or required of you by the order. Filing taxes previous years Amounts you receive for these services are included in your income, even if you have taken a vow of poverty. Filing taxes previous years Example. Filing taxes previous years Mark Brown is a member of a religious order and has taken a vow of poverty. Filing taxes previous years He renounces all claims to his earnings and turns over his earnings to the order. Filing taxes previous years Mark is a schoolteacher. Filing taxes previous years He was instructed by the superiors of the order to get a job with a private tax-exempt school. Filing taxes previous years Mark became an employee of the school, and, at his request, the school made the salary payments directly to the order. Filing taxes previous years Because Mark is an employee of the school, he is performing services for the school rather than as an agent of the order. Filing taxes previous years The wages Mark earns working for the school are included in his income. Filing taxes previous years Foreign Employer Special rules apply if you work for a foreign employer. Filing taxes previous years U. Filing taxes previous years S. Filing taxes previous years citizen. Filing taxes previous years   If you are a U. Filing taxes previous years S. Filing taxes previous years citizen who works in the United States for a foreign government, an international organization, a foreign embassy, or any foreign employer, you must include your salary in your income. Filing taxes previous years Social security and Medicare taxes. Filing taxes previous years   You are exempt from social security and Medicare employee taxes if you are employed in the United States by an international organization or a foreign government. Filing taxes previous years However, you must pay self-employment tax on your earnings from services performed in the United States, even though you are not self-employed. Filing taxes previous years This rule also applies if you are an employee of a qualifying wholly owned instrumentality of a foreign government. Filing taxes previous years Employees of international organizations or foreign governments. Filing taxes previous years   Your compensation for official services to an international organization is exempt from federal income tax if you are not a citizen of the United States or you are a citizen of the Philippines (whether or not you are a citizen of the United States). Filing taxes previous years   Your compensation for official services to a foreign government is exempt from federal income tax if all of the following are true. Filing taxes previous years You are not a citizen of the United States or you are a citizen of the Philippines (whether or not you are a citizen of the United States). Filing taxes previous years Your work is like the work done by employees of the United States in foreign countries. Filing taxes previous years The foreign government gives an equal exemption to employees of the United States in its country. Filing taxes previous years Waiver of alien status. Filing taxes previous years   If you are an alien who works for a foreign government or international organization and you file a waiver under section 247(b) of the Immigration and Nationality Act to keep your immigrant status, different rules may apply. Filing taxes previous years See Foreign Employer in Publication 525. Filing taxes previous years Employment abroad. Filing taxes previous years   For information on the tax treatment of income earned abroad, see Publication 54. Filing taxes previous years Military Payments you receive as a member of a military service generally are taxed as wages except for retirement pay, which is taxed as a pension. Filing taxes previous years Allowances generally are not taxed. Filing taxes previous years For more information on the tax treatment of military allowances and benefits, see Publication 3, Armed Forces' Tax Guide. Filing taxes previous years Differential wage payments. Filing taxes previous years   Any payments made to you by an employer during the time you are performing service in the uniformed services are treated as compensation. Filing taxes previous years These wages are subject to income tax withholding and are reported on a Form W-2. Filing taxes previous years See the discussion under Miscellaneous Compensation , earlier. Filing taxes previous years Military retirement pay. Filing taxes previous years   If your retirement pay is based on age or length of service, it is taxable and must be included in your income as a pension on lines 16a and 16b of Form 1040 or on lines 12a and 12b of Form 1040A. Filing taxes previous years Do not include in your income the amount of any reduction in retirement or retainer pay to provide a survivor annuity for your spouse or children under the Retired Serviceman's Family Protection Plan or the Survivor Benefit Plan. Filing taxes previous years   For more detailed discussion of survivor annuities, see chapter 10. Filing taxes previous years Disability. Filing taxes previous years   If you are retired on disability, see Military and Government Disability Pensions under Sickness and Injury Benefits, later. Filing taxes previous years Veterans' benefits. Filing taxes previous years   Do not include in your income any veterans' benefits paid under any law, regulation, or administrative practice administered by the Department of Veterans Affairs (VA). Filing taxes previous years The following amounts paid to veterans or their families are not taxable. Filing taxes previous years Education, training, and subsistence allowances. Filing taxes previous years Disability compensation and pension payments for disabilities paid either to veterans or their families. Filing taxes previous years Grants for homes designed for wheelchair living. Filing taxes previous years Grants for motor vehicles for veterans who lost their sight or the use of their limbs. Filing taxes previous years Veterans' insurance proceeds and dividends paid either to veterans or their beneficiaries, including the proceeds of a veteran's endowment policy paid before death. Filing taxes previous years Interest on insurance dividends you leave on deposit with the VA. Filing taxes previous years Benefits under a dependent-care assistance program. Filing taxes previous years The death gratuity paid to a survivor of a member of the Armed Forces who died after September 10, 2001. Filing taxes previous years Payments made under the compensated work therapy program. Filing taxes previous years Any bonus payment by a state or political subdivision because of service in a combat zone. Filing taxes previous years Volunteers The tax treatment of amounts you receive as a volunteer worker for the Peace Corps or similar agency is covered in the following discussions. Filing taxes previous years Peace Corps. Filing taxes previous years   Living allowances you receive as a Peace Corps volunteer or volunteer leader for housing, utilities, household supplies, food, and clothing are exempt from tax. Filing taxes previous years Taxable allowances. Filing taxes previous years   The following allowances must be included in your income and reported as wages: Allowances paid to your spouse and minor children while you are a volunteer leader training in the United States. Filing taxes previous years Living allowances designated by the Director of the Peace Corps as basic compensation. Filing taxes previous years These are allowances for personal items such as domestic help, laundry and clothing maintenance, entertainment and recreation, transportation, and other miscellaneous expenses. Filing taxes previous years Leave allowances. Filing taxes previous years Readjustment allowances or termination payments. Filing taxes previous years These are considered received by you when credited to your account. Filing taxes previous years Example. Filing taxes previous years Gary Carpenter, a Peace Corps volunteer, gets $175 a month as a readjustment allowance during his period of service, to be paid to him in a lump sum at the end of his tour of duty. Filing taxes previous years Although the allowance is not available to him until the end of his service, Gary must include it in his income on a monthly basis as it is credited to his account. Filing taxes previous years Volunteers in Service to America (VISTA). Filing taxes previous years   If you are a VISTA volunteer, you must include meal and lodging allowances paid to you in your income as wages. Filing taxes previous years National Senior Services Corps programs. Filing taxes previous years   Do not include in your income amounts you receive for supportive services or reimbursements for out-of-pocket expenses from the following programs. Filing taxes previous years Retired Senior Volunteer Program (RSVP). Filing taxes previous years Foster Grandparent Program. Filing taxes previous years Senior Companion Program. Filing taxes previous years Service Corps of Retired Executives (SCORE). Filing taxes previous years   If you receive amounts for supportive services or reimbursements for out-of-pocket expenses from SCORE, do not include these amounts in income. Filing taxes previous years Volunteer tax counseling. Filing taxes previous years   Do not include in your income any reimbursements you receive for transportation, meals, and other expenses you have in training for, or actually providing, volunteer federal income tax counseling for the elderly (TCE). Filing taxes previous years   You can deduct as a charitable contribution your unreimbursed out-of-pocket expenses in taking part in the volunteer income tax assistance (VITA) program. Filing taxes previous years See chapter 24. Filing taxes previous years Sickness and Injury Benefits This section discusses sickness and injury benefits including disability pensions, long-term care insurance contracts, workers' compensation, and other benefits. Filing taxes previous years In most cases, you must report as income any amount you receive for personal injury or sickness through an accident or health plan that is paid for by your employer. Filing taxes previous years If both you and your employer pay for the plan, only the amount you receive that is due to your employer's payments is reported as income. Filing taxes previous years However, certain payments may not be taxable to you. Filing taxes previous years Your employer should be able to give you specific details about your pension plan and tell you the amount you paid for your disability pension. Filing taxes previous years In addition to disability pensions and annuities, you may be receiving other payments for sickness and injury. Filing taxes previous years Do not report as income any amounts paid to reimburse you for medical expenses you incurred after the plan was established. Filing taxes previous years Cost paid by you. Filing taxes previous years   If you pay the entire cost of a health or accident insurance plan, do not include any amounts you receive from the plan for personal injury or sickness as income on your tax return. Filing taxes previous years If your plan reimbursed you for medical expenses you deducted in an earlier year, you may have to include some, or all, of the reimbursement in your income. Filing taxes previous years See Reimbursement in a later year in chapter 21. Filing taxes previous years Cafeteria plans. Filing taxes previous years   In most cases, if you are covered by an accident or health insurance plan through a cafeteria plan, and the amount of the insurance premiums was not included in your income, you are not considered to have paid the premiums and you must include any benefits you receive in your income. Filing taxes previous years If the amount of the premiums was included in your income, you are considered to have paid the premiums, and any benefits you receive are not taxable. Filing taxes previous years Disability Pensions If you retired on disability, you must include in income any disability pension you receive under a plan that is paid for by your employer. Filing taxes previous years You must report your taxable disability payments as wages on line 7 of Form 1040 or Form 1040A, until you reach minimum retirement age. Filing taxes previous years Minimum retirement age generally is the age at which you can first receive a pension or annuity if you are not disabled. Filing taxes previous years You may be entitled to a tax credit if you were permanently and totally disabled when you retired. Filing taxes previous years For information on this credit and the definition of permanent and total disability, see chapter 33. Filing taxes previous years Beginning on the day after you reach minimum retirement age, payments you receive are taxable as a pension or annuity. Filing taxes previous years Report the payments on lines 16a and 16b of Form 1040 or on lines 12a and 12b of Form 1040A. Filing taxes previous years The rules for reporting pensions are explained in How To Report in chapter 10. Filing taxes previous years For information on disability payments from a governmental program provided as a substitute for unemployment compensation, see chapter 12. Filing taxes previous years Retirement and profit-sharing plans. Filing taxes previous years   If you receive payments from a retirement or profit-sharing plan that does not provide for disability retirement, do not treat the payments as a disability pension. Filing taxes previous years The payments must be reported as a pension or annuity. Filing taxes previous years For more information on pensions, see chapter 10. Filing taxes previous years Accrued leave payment. Filing taxes previous years   If you retire on disability, any lump-sum payment you receive for accrued annual leave is a salary payment. Filing taxes previous years The payment is not a disability payment. Filing taxes previous years Include it in your income in the tax year you receive it. Filing taxes previous years Military and Government Disability Pensions Certain military and government disability pensions are not taxable. Filing taxes previous years Service-connected disability. Filing taxes previous years   You may be able to exclude from income amounts you receive as a pension, annuity, or similar allowance for personal injury or sickness resulting from active service in one of the following government services. Filing taxes previous years The armed forces of any country. Filing taxes previous years The National Oceanic and Atmospheric Administration. Filing taxes previous years The Public Health Service. Filing taxes previous years The Foreign Service. Filing taxes previous years Conditions for exclusion. Filing taxes previous years   Do not include the disability payments in your income if any of the following conditions apply. Filing taxes previous years You were entitled to receive a disability payment before September 25, 1975. Filing taxes previous years You were a member of a listed government service or its reserve component, or were under a binding written commitment to become a member, on September 24, 1975. Filing taxes previous years You receive the disability payments for a combat-related injury. Filing taxes previous years This is a personal injury or sickness that Results directly from armed conflict, Takes place while you are engaged in extra-hazardous service, Takes place under conditions simulating war, including training exercises such as maneuvers, or Is caused by an instrumentality of war. Filing taxes previous years You would be entitled to receive disability compensation from the Department of Veterans Affairs (VA) if you filed an application for it. Filing taxes previous years Your exclusion under this condition is equal to the amount you would be entitled to receive from the VA. Filing taxes previous years Pension based on years of service. Filing taxes previous years   If you receive a disability pension based on years of service, in most cases you must include it in your income. Filing taxes previous years However, if the pension qualifies for the exclusion for a service-connected disability (discussed earlier), do not include in income the part of your pension that you would have received if the pension had been based on a percentage of disability. Filing taxes previous years You must include the rest of your pension in your income. Filing taxes previous years Retroactive VA determination. Filing taxes previous years   If you retire from the armed services based on years of service and are later given a retroactive service-connected disability rating by the VA, your retirement pay for the retroactive period is excluded from income up to the amount of VA disability benefits you would have been entitled to receive. Filing taxes previous years You can claim a refund of any tax paid on the excludable amount (subject to the statute of limitations) by filing an amended return on Form 1040X for each previous year during the retroactive period. Filing taxes previous years You must include with each Form 1040X a copy of the official VA Determination letter granting the retroactive benefit. Filing taxes previous years The letter must show the amount withheld and the effective date of the benefit. Filing taxes previous years   If you receive a lump-sum disability severance payment and are later awarded VA disability benefits, exclude 100% of the severance benefit from your income. Filing taxes previous years However, you must include in your income any lump-sum readjustment or other nondisability severance payment you received on release from active duty, even if you are later given a retroactive disability rating by the VA. Filing taxes previous years Special statute of limitations. Filing taxes previous years   In most cases, under the statute of limitations a claim for credit or refund must be filed within 3 years from the time a return was filed. Filing taxes previous years However, if you receive a retroactive service-connected disability rating determination, the statute of limitations is extended by a 1-year period beginning on the date of the determination. Filing taxes previous years This 1-year extended period applies to claims for credit or refund filed after June 17, 2008, and does not apply to any tax year that began more than 5 years before the date of the determination. Filing taxes previous years Example. Filing taxes previous years You retired in 2007 and receive a pension based on your years of service. Filing taxes previous years On August 1, 2013, you receive a determination of service-connected disability retroactive to 2007. Filing taxes previous years Generally, you could claim a refund for the taxes paid on your pension for 2010, 2011, and 2012. Filing taxes previous years However, under the special limitation period, you can also file a claim for 2009 as long as you file the claim by August 1, 2014. Filing taxes previous years You cannot file a claim for 2007 and 2008 because those tax years began more than 5 years before the determination. Filing taxes previous years Terrorist attack or military action. Filing taxes previous years   Do not include in your income disability payments you receive for injuries resulting directly from a terrorist or military action. Filing taxes previous years Long-Term Care Insurance Contracts Long-term care insurance contracts in most cases are treated as accident and health insurance contracts. Filing taxes previous years Amounts you receive from them (other than policyholder dividends or premium refunds) in most cases are excludable from income as amounts received for personal injury or sickness. Filing taxes previous years To claim an exclusion for payments made on a per diem or other periodic basis under a long-term care insurance contract, you must file Form 8853 with your return. Filing taxes previous years A long-term care insurance contract is an insurance contract that only provides coverage for qualified long-term care services. Filing taxes previous years The contract must: Be guaranteed renewable, Not provide for a cash surrender value or other money that can be paid, assigned, pledged, or borrowed, Provide that refunds, other than refunds on the death of the insured or complete surrender or cancellation of the contract, and dividends under the contract may be used only to reduce future premiums or increase future benefits, and In most cases, not pay or reimburse expenses incurred for services or items that would be reimbursed under Medicare, except where Medicare is a secondary payer or the contract makes per diem or other periodic payments without regard to expenses. Filing taxes previous years Qualified long-term care services. Filing taxes previous years   Qualified long-term care services are: Necessary diagnostic, preventive, therapeutic, curing, treating, mitigating, and rehabilitative services, and maintenance and personal care services, and Required by a chronically ill individual and provided pursuant to a plan of care as prescribed by a licensed health care practitioner. Filing taxes previous years Chronically ill individual. Filing taxes previous years   A chronically ill individual is one who has been certified by a licensed health care practitioner within the previous 12 months as one of the following: An individual who, for at least 90 days, is unable to perform at least two activities of daily living without substantial assistance due to loss of functional capacity. Filing taxes previous years Activities of daily living are eating, toileting, transferring, bathing, dressing, and continence. Filing taxes previous years An individual who requires substantial supervision to be protected from threats to health and safety due to severe cognitive impairment. Filing taxes previous years Limit on exclusion. Filing taxes previous years   You generally can exclude from gross income up to $320 a day for 2013. Filing taxes previous years See Limit on exclusion, under Long-Term Care Insurance Contracts, under Sickness and Injury Benefits in Publication 525 for more information. Filing taxes previous years Workers' Compensation Amounts you receive as workers' compensation for an occupational sickness or injury are fully exempt from tax if they are paid under a workers' compensation act or a statute in the nature of a workers' compensation act. Filing taxes previous years The exemption also applies to your survivors. Filing taxes previous years The exemption, however, does not apply to retirement plan benefits you receive based on your age, length of service, or prior contributions to the plan, even if you retired because of an occupational sickness or injury. Filing taxes previous years If part of your workers' compensation reduces your social security or equivalent railroad retirement benefits received, that part is considered social security (or equivalent railroad retirement) benefits and may be taxable. Filing taxes previous years For more information, see Publication 915, Social Security and Equivalent Railroad Retirement Benefits. Filing taxes previous years Return to work. Filing taxes previous years    If you return to work after qualifying for workers' compensation, salary payments you receive for performing light duties are taxable as wages. Filing taxes previous years Other Sickness and Injury Benefits In addition to disability pensions and annuities, you may receive other payments for sickness or injury. Filing taxes previous years Railroad sick pay. Filing taxes previous years    Payments you receive as sick pay under the Railroad Unemployment Insurance Act are taxable and you must include them in your income. Filing taxes previous years However, do not include them in your income if they are for an on-the-job injury. Filing taxes previous years   If you received income because of a disability, see Disability Pensions , earlier. Filing taxes previous years Federal Employees' Compensation Act (FECA). Filing taxes previous years   Payments received under this Act for personal injury or sickness, including payments to beneficiaries in case of death, are not taxable. Filing taxes previous years However, you are taxed on amounts you receive under this Act as continuation of pay for up to 45 days while a claim is being decided. Filing taxes previous years Report this income on line 7 of Form 1040 or Form 1040A or on line 1 of Form 1040-EZ. Filing taxes previous years Also, pay for sick leave while a claim is being processed is taxable and must be included in your income as wages. Filing taxes previous years    If part of the payments you receive under FECA reduces your social security or equivalent railroad retirement benefits received, that part is considered social security (or equivalent railroad retirement) benefits and may be taxable. Filing taxes previous years For a discussion of the taxability of these benefits, see Social security and equivalent railroad retirement benefits under Other Income, in Publication 525. Filing taxes previous years    You can deduct the amount you spend to buy back sick leave for an earlier year to be eligible for nontaxable FECA benefits for that period. Filing taxes previous years It is a miscellaneous deduction subject to the 2%-of-AGI limit on Schedule A (Form 1040). Filing taxes previous years If you buy back sick leave in the same year you used it, the amount reduces your taxable sick leave pay. Filing taxes previous years Do not deduct it separately. Filing taxes previous years Other compensation. Filing taxes previous years   Many other amounts you receive as compensation for sickness or injury are not taxable. Filing taxes previous years These include the following amounts. Filing taxes previous years Compensatory damages you receive for physical injury or physical sickness, whether paid in a lump sum or in periodic payments. Filing taxes previous years Benefits you receive under an accident or health insurance policy on which either you paid the premiums or your employer paid the premiums but you had to include them in your income. Filing taxes previous years Disability benefits you receive for loss of income or earning capacity as a result of injuries under a no-fault car insurance policy. Filing taxes previous years Compensation you receive for permanent loss or loss of use of a part or function of your body, or for your permanent disfigurement. Filing taxes previous years This compensation must be based only on the injury and not on the period of your absence from work. Filing taxes previous years These benefits are not taxable even if your employer pays for the accident and health plan that provides these benefits. Filing taxes previous years Reimbursement for medical care. Filing taxes previous years    A reimbursement for medical care is generally not taxable. Filing taxes previous years However, it may reduce your medical expense deduction. Filing taxes previous years For more information, see chapter 21. Filing taxes previous years Prev  Up  Next   Home   More Online Publications
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The Filing Taxes Previous Years

Filing taxes previous years 30. Filing taxes previous years   Cómo Calcular los Impuestos Table of Contents Introduction Cómo Calcular los Impuestos Impuesto Mínimo Alternativo (AMT) Impuestos Calculados por el IRS Cómo Presentar la Declaración Introduction Una vez que haya calculado los ingresos y deducciones según se explica en las Partes Uno a Cinco, calcule los impuestos. Filing taxes previous years Este capítulo trata sobre los temas siguientes: Los pasos a seguir para calcular los impuestos, Un impuesto adicional que podría verse obligado a pagar, el cual se denomina “impuesto mínimo alternativo” (AMT, por sus siglas en inglés) y Las condiciones que tiene que cumplir si desea que el IRS le calcule los impuestos. Filing taxes previous years Cómo Calcular los Impuestos El impuesto sobre los ingresos se basa en los ingresos tributables. Filing taxes previous years Después de haber calculado el impuesto sobre los ingresos y el impuesto mínimo alternativo, si lo hubiera, reste los créditos tributarios y sume cualquier otro impuesto adeudado. Filing taxes previous years El resultado es el total de los impuestos. Filing taxes previous years Compare el total de los impuestos con el total de los pagos que ha efectuado para saber si tiene derecho a un reembolso o si tiene que efectuar un pago. Filing taxes previous years Esta sección expone los puntos generales para calcular el impuesto. Filing taxes previous years Puede encontrar instrucciones detalladas en las Instrucciones de los Formularios 1040EZ, 1040A y 1040. Filing taxes previous years Si no está seguro de qué formulario tributario debe presentar, vea ¿Qué Formulario Debo Usar? , en el capítulo 1. Filing taxes previous years Impuestos. Filing taxes previous years   La mayor parte de los contribuyentes utiliza la Tabla de Impuestos o la Hoja de Trabajo para el Cálculo del Impuesto para calcular el impuesto sobre el ingreso. Filing taxes previous years No obstante, existen métodos especiales si los ingresos incluyen cualquiera de los siguientes puntos: Una ganancia neta de capital. Filing taxes previous years (Vea el capítulo 16). Filing taxes previous years Dividendos calificados gravados a la misma tasa que una ganancia neta de capital. Filing taxes previous years (Vea los capítulos 8 y 16). Filing taxes previous years Distribuciones de suma global. Filing taxes previous years (Vea el capítulo 10). Filing taxes previous years Ingresos procedentes de la agricultura o pesca. Filing taxes previous years (Vea el Anexo J del Formulario 1040, Income Averaging for Farmers and Fishermen (Cómo calcular el promedio de ingresos para los agricultores y pescadores), en inglés. Filing taxes previous years Ingresos de inversiones de más de $2,000 para determinados hijos. Filing taxes previous years (Vea el capítulo 31). Filing taxes previous years Elección del padre o de la madre de declarar los intereses y dividendos de un hijo. Filing taxes previous years (Vea el capítulo 31). Filing taxes previous years Exclusión de ingresos devengados en el extranjero o exclusión por concepto de vivienda en el extranjero. Filing taxes previous years (Vea el Formulario 2555, Foreign Earned Income (Ingresos devengados en el extranjero) o el Formulario 2555-EZ, Foreign Earned Income Exclusion (Exclusión de ingresos devengados en el extranjero) y el Foreign Earned Income Tax Worksheet (Hoja de trabajo para los impuestos sobre ingresos devengados en el extranjero) de las Instrucciones del Formulario 1040), todos en inglés. Filing taxes previous years Créditos. Filing taxes previous years   Luego de haber calculado el impuesto sobre los ingresos y todo impuesto mínimo alternativo (explicado más adelante), verifique si tiene derecho a algún crédito tributario. Filing taxes previous years Puede encontrar información para saber si tiene derecho a estos créditos tributarios en los capítulos 32 al 37 y en las instrucciones de los formularios de impuestos. Filing taxes previous years La tabla a continuación muestra los créditos que tal vez pueda restar del impuesto y le indica en dónde puede encontrar más información sobre cada crédito. Filing taxes previous years CRÉDITOS Para información sobre: Vea el   capítulo: Adopción 37 Vehículo motorizado alternativo 37 Propiedad para reabastecimiento de vehículos con combustible alternativo 37 Cuidado de menores y dependientes 32 Crédito tributario por hijos 34 Crédito para titulares de bonos de crédito tributario 37 Estudios 35 Ancianos o personas incapacitadas 33 Crédito por vehículos eléctricos 37 Impuestos del extranjero 37 Intereses hipotecarios 37 Impuesto mínimo de años anteriores 37 Energía residencial 37 Aportaciones a arreglos de ahorros para la jubilación 37   Hay algunos créditos (como el crédito por ingreso del trabajo) que no aparecen en la lista porque se consideran pagos. Filing taxes previous years Vea Pagos , más adelante. Filing taxes previous years   Existen otros créditos no abordados en esta publicación. Filing taxes previous years Éstos abarcan los siguientes créditos: Crédito general para negocios, el cual se compone de distintos créditos relacionados con los negocios. Filing taxes previous years Éstos suelen declararse en el Formulario 3800, General Business Credit (Crédito general para negocios) y se explican en el capítulo 4 de la Publicación 334, Tax Guide for Small Business (Guía tributaria para pequeños negocios), ambos en inglés. Filing taxes previous years Crédito por producción de electricidad renovable, carbón refinado y carbón de yacimientos en tierras pertenecientes a indios para electricidad y carbón refinado producidos en instalaciones puestas en funcionamiento después del 22 de octubre de 2004 (después del 2 de octubre de 2008, para la electricidad producida mediante la energía hidrocinética renovable y la energía marina renovable) y carbón de yacimientos en tierras pertenecientes a indios producido en instalaciones puestas en funcionamiento después del 8 de agosto de 2005. Filing taxes previous years Vea la Parte II del Formulario 8835, Renewable Electricity, Refined Coal, and Indian Coal Production Credit (Crédito por producción de electricidad renovable, carbón refinado y carbón de yacimientos en tierras pertenecientes a indios), en inglés. Filing taxes previous years Crédito de oportunidad laboral. Filing taxes previous years Vea el Formulario 5884, Work Opportunity Credit (Crédito de oportunidad laboral), en inglés. Filing taxes previous years Crédito por impuestos del Seguro Social y Medicare del empleador pagados sobre ciertas propinas del empleado. Filing taxes previous years Vea el Formulario 8846, Credit for Employer Social Security and Medicare Taxes Paid on Certain Employee Tips (Crédito por impuestos del Seguro Social y del Medicare pagados por el empleador sobre ciertas propinas del empleado), en inglés. Filing taxes previous years Otros impuestos. Filing taxes previous years   Después de haber restado los créditos tributarios, determine si tiene que pagar impuestos adicionales. Filing taxes previous years Este capítulo no explica dichos impuestos adicionales. Filing taxes previous years Esa información aparece en otros capítulos de esta publicación y en las instrucciones de los formularios. Filing taxes previous years Consulte la tabla siguiente para ver otros impuestos que tal vez necesite sumar al impuesto sobre los ingresos. Filing taxes previous years OTROS IMPUESTOS Para información sobre: Vea el   capítulo: Impuestos adicionales sobre planes de jubilación y arreglos IRA calificados 10, 17 Impuestos sobre el empleo de empleados domésticos 32 Recuperación de un crédito para estudios 35 Impuesto del Seguro Social y Medicare sobre el salario 5 Impuesto del Seguro Social y Medicare sobre las propinas 6 Impuestos no retenidos del Seguro Social y Medicare sobre propinas 6   Usted quizás podría verse obligado a pagar el impuesto mínimo alternativo (el cual se explica más adelante en este capítulo). Filing taxes previous years   Existen impuestos adicionales que no se explican en esta publicación. Filing taxes previous years Éstos abarcan lo siguiente: Impuesto sobre el trabajo por cuenta propia. Filing taxes previous years Tiene que calcular este impuesto si cualquiera de las dos condiciones siguientes le corresponde (o a su cónyuge, si usted presenta una declaración conjunta). Filing taxes previous years Tiene ganancias netas provenientes del trabajo por cuenta propia de $400 o más, salvo ingresos de un empleado de una iglesia. Filing taxes previous years El término “ganancias netas provenientes del trabajo por cuenta propia” puede incluir determinada remuneración que no recibió como empleado y otras cantidades detalladas en el Formulario 1099-MISC, Miscellaneous Income (Ingresos misceláneos), en inglés. Filing taxes previous years Si recibió el Formulario 1099-MISC, vea las Instructions for Recipient (Instrucciones para el destinatario), al dorso del mismo. Filing taxes previous years Asimismo, vea las instrucciones del Anexo SE del Formulario 1040, Self-Employment Tax (Impuesto sobre el trabajo por cuenta propia) y la Publicación 334, Tax Guide for Small Business (Guía tributaria para pequeños negocios), ambas en inglés. Filing taxes previous years Recibió ingresos de $108. Filing taxes previous years 28 o más como empleado de una iglesia. Filing taxes previous years Impuesto Adicional del Medicare. Filing taxes previous years Comenzando en el año 2013, usted quizás podría estar sujeto a un Impuesto Adicional del Medicare de 0. Filing taxes previous years 9%, que se le aplica a los salarios sujetos al impuesto Medicare, la remuneración recibida conforme a la Railroad Retirement Act (Ley de Jubilación Ferroviaria) y el ingreso sobre el trabajo por cuenta propia que esté sobre cierta cantidad según su estado civil para efectos de la declaración. Filing taxes previous years Si desea más información, vea las instrucciones para la línea 60 del Formulario 1040 y las Instrucciones para el Formulario 8959, ambas disponibles en inglés. Filing taxes previous years Impuesto sobre los ingresos netos de inversión (NIIT, por sus siglas en inglés). Filing taxes previous years Comenzando en el año 2013, usted quizás podría estar sujeto al impuesto sobre los ingresos netos de inversión (NIIT, por sus siglas en inglés). Filing taxes previous years El NIIT es un impuesto de 3. Filing taxes previous years 8% sobre la cantidad menor entre el ingreso neto de inversión o la cantidad en exceso de su ingreso bruto ajustado modificado sobre una cantidad límite. Filing taxes previous years Si desea más información, vea las instrucciones para la línea 60 del Formulario 1040 y las Instrucciones para el Formulario 8960, ambas disponibles en inglés. Filing taxes previous years Impuestos sobre recuperaciones. Filing taxes previous years Podría verse obligado a pagar estos impuestos si antes ha reclamado un crédito por inversiones, crédito de vivienda para personas de bajos recursos, crédito por mercados nuevos, crédito por vehículos enchufables con motor de dirección eléctrica que reúnen los requisitos, crédito por vehículo motorizado alternativo, crédito por instalaciones para proveer cuidado de niños provistas por el empleador, crédito por empleo de indios estadounidenses u otros créditos enumerados en las instrucciones para la línea 60 del Formulario 1040. Filing taxes previous years Para información adicional, vea las instrucciones para la línea 60 del Formulario 1040. Filing taxes previous years Impuesto sobre beneficios en exceso de la sección 72(m)(5). Filing taxes previous years Si usted es (o fue) propietario del 5% de un negocio y recibió una distribución superior a los beneficios que se le ofrecen conforme a la fórmula para planes de pensiones o de anualidades calificados, tal vez tenga que pagar este impuesto adicional. Filing taxes previous years Vea Tax on Excess Benefits (Impuesto sobre beneficios en exceso), en el capítulo 4 de la Publicación 560, Retirement Plans for Small Business (Planes de jubilación para pequeños negocios), en inglés. Filing taxes previous years Impuesto del Seguro Social y Medicare sobre el seguro de vida colectivo a término fijo que no fue recaudado. Filing taxes previous years Si su antiguo empleador proveyó más de $50,000 en cobertura de seguro de vida colectivo a término fijo, usted tiene que pagar la parte correspondiente al empleado de los impuestos del Seguro Social y Medicare sobre esas primas. Filing taxes previous years La cantidad debe aparecer en el recuadro 12 del Formulario W-2 con los códigos M y N. Filing taxes previous years Impuestos sobre pagos de contrato blindado. Filing taxes previous years Este impuesto le corresponde si recibió un “pago de contrato blindado en exceso” ( “excess parachute payment” o EPP, por sus siglas en inglés) debido a un cambio de propietario o administración de la empresa. Filing taxes previous years La cantidad de este impuesto debe estar indicada en el recuadro 12 del Formulario W-2 con el código K. Filing taxes previous years Vea las instrucciones para la línea 60 del Formulario 1040. Filing taxes previous years Impuestos sobre distribuciones acumuladas de fideicomisos. Filing taxes previous years Esto le corresponde si es el beneficiario de un fideicomiso que haya acumulado ingresos, en vez de haberlos distribuido a intervalos regulares. Filing taxes previous years Vea el Formulario 4970, Tax on Accumulation Distribution of Trusts (Impuestos sobre distribuciones acumuladas de fideicomisos), y sus instrucciones, en inglés. Filing taxes previous years Impuestos adicionales sobre las cuentas HSA o MSA. Filing taxes previous years Puede que tenga que pagar impuestos adicionales si las cantidades que se han aportado a su cuenta de ahorros para la salud (HSA, por sus siglas en inglés) o su cuenta de ahorros para gastos médicos (MSA, por sus siglas en inglés) o las cantidades que se han distribuido de éstas no cumplen los requisitos correspondientes a dichas cuentas. Filing taxes previous years Vea la Publicación 969, Health Savings Accounts and Other Tax-Favored Health Plans (Cuentas de ahorros para la salud y otros planes para la salud con beneficios tributarios); el Formulario 8853, Archer MSAs and Long-Term Care Insurance Contracts (Cuentas Archer MSA de ahorros médicos y contratos del seguro de cuidado a largo plazo); Formulario 8889, Health Savings Accounts (HSAs) (Cuentas de ahorros médicos (HSA, por sus siglas en inglés)) y el Formulario 5329, Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts (Impuestos adicionales sobre planes calificados (incluidos los arreglos IRA) y otras cuentas con beneficios tributarios), todos en inglés. Filing taxes previous years Impuestos adicionales en cuentas Coverdell ESA para estudios. Filing taxes previous years Esto es aplicable si las cantidades que se han aportado a su cuenta Coverdell ESA para estudios o que se han distribuido de la misma no satisfacen los requisitos correspondientes a dichas cuentas. Filing taxes previous years Vea la Publicación 970, Tax Benefits for Education (Prestaciones tributarias para estudios) y el Formulario 5329, ambos en inglés. Filing taxes previous years Impuestos adicionales sobre programas de matrícula calificada. Filing taxes previous years Esto corresponde a cantidades distribuidas de programas de matrícula calificada generales pero que no cumplan los requisitos de dichas cuentas. Filing taxes previous years Vea la Publicación 970 y el Formulario 5329, ambos en inglés. Filing taxes previous years Impuestos sobre artículos de uso y consumo gravados sobre remuneraciones de acciones internas de una empresa expatriada. Filing taxes previous years Tal vez adeude un impuesto sobre artículos de uso y consumo del 15% sobre el valor de opciones de acciones no estatutarias y sobre otra remuneración determinada procedente de las acciones, de las cuales usted o un miembro de su familia es dueño, que es de una empresa expatriada o su grupo ampliado de filiales en las que usted fue ejecutivo, directivo o propietario de más del 10%. Filing taxes previous years Para información adicional, vea las instrucciones para la línea 60 del Formulario 1040. Filing taxes previous years Impuestos adicionales sobre ingresos recibidos de un plan de remuneración diferida no calificado que no reúna determinados requisitos adicionales. Filing taxes previous years Estos ingresos tienen que aparecer en el recuadro 12 del Formulario W-2, con el código Z o en el recuadro 15b del Formulario 1099-MISC. Filing taxes previous years Para información adicional, vea las instrucciones para la línea 60 del Formulario 1040. Filing taxes previous years Intereses sobre los impuestos adeudados sobre ingresos de pagos a plazo procedentes de la venta de ciertos terrenos residenciales y multipropiedades. Filing taxes previous years Para información adicional, vea las instrucciones para la línea 60 del Formulario 1040. Filing taxes previous years Intereses sobre los impuestos diferidos sobre ganancias de ciertas ventas a plazos con precio de venta superior a $150,000. Filing taxes previous years Para información adicional, vea las instrucciones para la línea 60 del Formulario 1040. Filing taxes previous years Devolución del crédito tributario para comprador de primera vivienda. Filing taxes previous years Si desea más información, vea el Formulario 5405, Repayment of the First-Time Homebuyer Credit (Devolución del crédito tributario para comprador de primera vivienda) y sus instrucciones, disponibles en inglés. Filing taxes previous years Además, vea las instrucciones para la línea 59b del Formulario 1040, en inglés. Filing taxes previous years Pagos. Filing taxes previous years   Después de calcular el impuesto total, calcule el total de los pagos que ya haya efectuado para el año. Filing taxes previous years Incluya los créditos que se tratan como pagos. Filing taxes previous years Este capítulo no explica dichos pagos ni créditos. Filing taxes previous years Esa información aparece en otros capítulos de esta publicación y en las instrucciones de los formularios. Filing taxes previous years Vea la siguiente tabla para saber qué cantidades se pueden incluir en el total de sus pagos. Filing taxes previous years PAGOS Para información sobre: Vea el   capítulo: Crédito tributario por hijos (adicional) 34 Crédito por ingreso del trabajo 36 Impuestos estimados pagados 4 Impuestos de Seguro Social o impuestos de la jubilación ferroviaria retenidos en exceso 37 Retención del impuesto federal sobre los ingresos 4 Crédito tributario por cobertura del seguro médico 37 Crédito por sociedad inversionista reglamentada 37 Impuesto pagado a través de prórroga 1   Otro crédito que se considera un pago es el crédito por concepto del impuesto federal sobre artículos de uso y consumo pagado sobre combustibles. Filing taxes previous years Este crédito es para personas que hagan uso no tributable de determinados combustibles, tales como diésel y keroseno. Filing taxes previous years Se declara en la línea 70 del Formulario 1040. Filing taxes previous years Vea el Formulario 4136, Credit for Federal Tax Paid on Fuels (Crédito por impuestos federales pagados sobre combustibles), en inglés. Filing taxes previous years Reembolso o saldo adeudado. Filing taxes previous years   Para saber si tiene derecho a recibir un reembolso o si tiene que efectuar algún pago, compare el total de los pagos con el total del impuesto. Filing taxes previous years Si tiene derecho a un reembolso, vea las instrucciones del formulario que presentará para saber cómo puede depositar dicho reembolso directamente en una o más de sus cuentas o para comprar bonos de ahorros de los Estados Unidos en vez de recibir un cheque en papel. Filing taxes previous years Impuesto Mínimo Alternativo (AMT) Esta sección explica brevemente el impuesto adicional que podría verse obligado a pagar. Filing taxes previous years La ley tributaria les da un trato especial a determinados tipos de ingresos y permite deducciones y créditos especiales para algunos tipos de gastos. Filing taxes previous years Los contribuyentes que se vean beneficiados por este trato particular podrían estar obligados a pagar al menos una cantidad mínima de impuestos mediante otro impuesto adicional denominado “impuesto mínimo alternativo” (AMT, por sus siglas en inglés). Filing taxes previous years Tal vez tenga que pagar el impuesto mínimo alternativo si sus ingresos tributables para fines tributarios normales, sumados a determinados ajustes y elementos de preferencia tributaria, superan una determinada cantidad. Filing taxes previous years Vea el Formulario 6251, Alternative Minimum Tax — Individuals (Impuesto mínimo alternativo — personas físicas), en inglés. Filing taxes previous years Ajustes y elementos de preferencia tributaria. Filing taxes previous years   Los ajustes más comunes y elementos de preferencia tributaria abarcan los siguientes casos: Inclusión de exenciones personales, Inclusión de la deducción estándar (si ésta se reclamó), Inclusión de deducciones detalladas por concepto de impuestos estatales y locales, determinados intereses, la mayor parte de las deducciones misceláneas y parte de los gastos médicos, Exclusión de todo reembolso de impuestos estatales y locales que se haya incluido en los ingresos brutos, Cambios en la depreciación acelerada de determinados bienes, La diferencia entre ganancias y pérdidas sobre la venta de bienes declarada para fines tributarios normales y del impuesto mínimo alternativo, Inclusión de determinados ingresos procedentes de opciones de compra de acciones con incentivo, Cambio en ciertas deducciones por pérdidas de actividades pasivas, Inclusión de algún valor de agotamiento que sea superior a la base ajustada de los bienes, Inclusión de una parte de la deducción por ciertos gastos de perforación intangibles e Inclusión de intereses exentos de impuestos sobre determinados bonos de una actividad privada. Filing taxes previous years Información adicional. Filing taxes previous years   Para más información acerca del impuesto mínimo alternativo, vea las Instrucciones para el Formulario 6251, en inglés. Filing taxes previous years Impuestos Calculados por el IRS Si presenta la declaración para el 15 de abril de 2014, puede pedir que el IRS le calcule los impuestos en el Formulario 1040EZ, el Formulario 1040A o el Formulario 1040. Filing taxes previous years Si el IRS le calcula los impuestos y usted pagó demasiado, recibirá un reembolso. Filing taxes previous years Si no pagó lo suficiente, recibirá una factura que indique el saldo adeudado. Filing taxes previous years Para no tener que pagar intereses o una multa por pagos morosos, tiene que pagar la factura dentro de 30 días a partir de la fecha de la factura o para la fecha de vencimiento para la presentación de la declaración, la que ocurra más tarde. Filing taxes previous years El IRS también le calcula el crédito para ancianos o personas incapacitadas además del crédito por ingreso del trabajo. Filing taxes previous years Cuándo el IRS no puede calcularle los impuestos. Filing taxes previous years   El IRS no puede calcularle los impuestos si se da alguna de las siguientes condiciones: Desea que el reembolso se deposite directamente en sus cuentas. Filing taxes previous years Desea que alguna parte del reembolso se aplique al impuesto estimado de 2014. Filing taxes previous years Recibió ingresos para el año de fuentes que no sean salarios, sueldos, propinas, intereses, dividendos, beneficios de Seguro Social sujetos a impuestos, compensación por desempleo, distribuciones de un arreglo IRA, pensiones y anualidades. Filing taxes previous years Su ingreso tributable es $100,000 o más. Filing taxes previous years Detalla las deducciones. Filing taxes previous years Presenta cualquiera de los siguientes formularios: Formulario 2555, Foreign Earned Income (Ingresos devengados en el extranjero), en inglés. Filing taxes previous years Formulario 2555-EZ, Foreign Earned Income Exclusion (Exclusión de ingresos devengados en el extranjero), en inglés. Filing taxes previous years Formulario 4137, Social Security and Medicare Tax on Unreported Tip Income (Impuestos del Seguro Social y Medicare sobre el ingreso de propinas no declaradas), en inglés. Filing taxes previous years Formulario 4970, Tax on Accumulation Distribution of Trusts (Impuesto sobre distribuciones acumuladas de un fideicomiso), en inglés. Filing taxes previous years Formulario 4972, Tax on Lump-Sum Distributions (Impuesto sobre distribuciones de sumas globales), en inglés. Filing taxes previous years Formulario 6198, At-Risk Limitations (Límites sobre el monto en riesgo), en inglés. Filing taxes previous years Formulario 6251, Alternative Minimum Tax—Individuals (Impuesto mínimo alternativo—personas físicas), en inglés. Filing taxes previous years Formulario 8606, Nondeductible IRAs (Arreglos IRA no deducibles), en inglés. Filing taxes previous years Formulario 8615, Tax for Certain Children Who Have Unearned Income (Impuesto para determinados hijos con ingresos no derivados del trabajo), en inglés. Filing taxes previous years Formulario 8814, Parents' Election To Report Child's Interest and Dividends (Decisión de los padres de declarar los intereses y dividendos del hijo), en inglés. Filing taxes previous years Formulario 8839, Qualified Adoption Expenses (Gastos de adopción calificados), en inglés. Filing taxes previous years Formulario 8853, Archer MSAs and Long-Term Care Insurance Contracts (Planes de ahorros para gastos médicos Archer y contratos de seguro para cuidados a largo plazo), en inglés. Filing taxes previous years Formulario 8889, Health Savings Accounts (HSAs) (Cuentas de ahorro para gastos médicos (HSA)), en inglés. Filing taxes previous years Formulario 8919, Uncollected Social Security and Medicare Tax on Wages (Impuestos sobre salarios sujetos al Seguro Social y al Medicare no recaudados), en inglés. Filing taxes previous years Cómo Presentar la Declaración Después de haber completado las líneas del formulario de impuestos que va a presentar, escriba su nombre y dirección. Filing taxes previous years En el espacio provisto, anote su número de Seguro Social. Filing taxes previous years Si es casado, escriba los números de Seguro Social de usted y su cónyuge aun si presenta una declaración por separado. Filing taxes previous years Firme y feche la declaración y escriba su(s) oficio(s). Filing taxes previous years Si presenta una declaración conjunta, usted y su cónyuge tienen que firmarla. Filing taxes previous years En el espacio provisto, anote un número telefónico con su código de área donde ubicarlo durante el día. Filing taxes previous years Esto agilizará la tramitación de su declaración si el IRS tiene una pregunta que puede ser resuelta por teléfono. Filing taxes previous years Si presenta una declaración conjunta de impuestos, anote el número de teléfono donde usted o su cónyuge pueden ser localizados durante el día. Filing taxes previous years Si desea autorizar al IRS para que hable sobre su declaración de impuestos del año 2013 con su amigo, con un miembro de su familia o con cualquier persona que usted elija, marque el recuadro “ Yes ” (Sí) en el área titulada “ Third Party Designee ” (Designación de un tercero) de su declaración de impuestos. Filing taxes previous years También, escriba el nombre del designado, número de teléfono y cualesquier 5 dígitos que el designado elija como su número de identificación personal (PIN, por sus siglas en inglés). Filing taxes previous years Si marca el recuadro “ Yes ” (Sí), usted y su cónyuge, si presentan una declaración conjunta, autoriza(n) a los empleados del IRS a llamar al designado para que éste conteste toda pregunta que surja durante el trámite de su declaración de impuestos. Filing taxes previous years Complete y adjunte a su declaración en papel cualesquier anexo y formulario solicitado en las líneas que usted completó. Filing taxes previous years Adjunte una copia de cada uno de los Formularios W-2 a la declaración en papel. Filing taxes previous years Además, adjunte a su declaración en papel todo Formulario 1099-R recibido que indique retención de impuestos en el recuadro 4. Filing taxes previous years Envíe la declaración al Internal Revenue Service Center (Centro de Servicio del IRS) que corresponda al área donde vive. Filing taxes previous years Una lista de direcciones de Centros de Servicio se halla al final de la publicación y en las instrucciones de su declaración de impuestos. Filing taxes previous years Datos a Incluir en el Formulario 1040EZ Lea las líneas 1 a 8b y llene las líneas que le correspondan. Filing taxes previous years No llene las líneas 9 a 12. Filing taxes previous years Si presenta una declaración conjunta, utilice el espacio a la izquierda de la línea 6 para indicar por separado los ingresos tributables suyos y los de su cónyuge. Filing taxes previous years Pagos. Filing taxes previous years   Anote en la línea 7 todo impuesto federal sobre los ingresos que se le haya retenido. Filing taxes previous years El impuesto federal sobre los ingresos retenido aparece en el recuadro 2 del Formulario W-2 o en el recuadro 4 del Formulario 1099. Filing taxes previous years Crédito por ingreso del trabajo. Filing taxes previous years   Si puede reclamar este crédito, según se explica en el capítulo 36 , el IRS se lo puede calcular. Filing taxes previous years Escriba “EIC” en el espacio a la izquierda de la línea 8a. Filing taxes previous years Anote en la línea 8b la paga no tributable por combate que desee incluir en los ingresos derivados del trabajo. Filing taxes previous years   Si su crédito de cualquier año posterior a 1996 fue reducido o denegado por el IRS, quizás tenga que presentar junto con la declaración el Formulario 8862(SP), Información Para Reclamar el Crédito Por Ingreso del Trabajo Después de Haber Sido Denegado (o el Formulario 8862, Information To Claim Earned Income Credit After Disallowance, en inglés). Filing taxes previous years Para detalles adicionales, vea las Instrucciones para el Formulario 1040EZ, en inglés. Filing taxes previous years Datos a Incluir en el Formulario 1040A Lea las líneas 1 a 27 y llene las líneas que le correspondan. Filing taxes previous years Si presenta una declaración conjunta, utilice el espacio a la izquierda de la línea 27 para indicar por separado los ingresos tributables suyos y los de su cónyuge. Filing taxes previous years No llene la línea 28. Filing taxes previous years Llene las líneas 29 a 33 y 36 a 40 si le corresponden. Filing taxes previous years Sin embargo, no llene las líneas 30 ni 38a si desea que el IRS le calcule los créditos indicados en dichas líneas. Filing taxes previous years Además, escriba toda información adicional que le corresponda en el espacio a la izquierda de la línea 41. Filing taxes previous years No llene las líneas 34, 35 ni 42 a la 46. Filing taxes previous years Pagos. Filing taxes previous years   Anote todo impuesto federal retenido sobre los ingresos que se indique en el recuadro 2 del Formulario W-2 o en el recuadro 4 del Formulario 1099, en la línea 36. Filing taxes previous years Anote en la línea 37 todo pago de impuesto estimado que haya efectuado. Filing taxes previous years Crédito por gastos del cuidado de menores y dependientes. Filing taxes previous years   Si puede reclamar este crédito, según se explica en el capítulo 32 , complete el Formulario 2441, Child and Dependent Care Expenses (Gastos del cuidado de menores y dependientes), en inglés, y adjúntelo a su declaración. Filing taxes previous years Anote la cantidad del crédito en la línea 29. Filing taxes previous years El IRS no le calculará este crédito. Filing taxes previous years Crédito para ancianos o personas incapacitadas. Filing taxes previous years   Si puede reclamar este crédito, según se explica en el capítulo 33 , el IRS le calculará este crédito. Filing taxes previous years Escriba “ CFE ” en el espacio a la izquierda de la línea 30 y adjunte el Anexo R del Formulario 1040, Credit for the Elderly or the Disabled (Crédito para ancianos o personas incapacitadas), en inglés, a su declaración de impuestos en papel. Filing taxes previous years En el Anexo R, marque el recuadro de la Parte I correspondiente a su estado civil para efectos de la declaración y edad. Filing taxes previous years Complete la Parte II y las líneas 11 y 13 de la Parte III, si le corresponden. Filing taxes previous years Crédito por ingreso del trabajo. Filing taxes previous years   Si puede reclamar este crédito, según se explica en el capítulo 36 , el IRS se lo calculará. Filing taxes previous years Anote “EIC” a la izquierda del espacio de la línea 38a. Filing taxes previous years Anote en la línea 38b la paga no tributable por combate que desee incluir en los ingresos derivados del trabajo. Filing taxes previous years   Si tiene un hijo que le da derecho a este crédito, tiene que llenar el Anexo EIC (Formulario 1040 ó 1040A), Earned Income Credit (Crédito por ingreso del trabajo), en inglés, y adjuntarlo a su declaración en papel. Filing taxes previous years Si no provee el número de Seguro Social de su hijo en la línea 2 del Anexo EIC, el crédito será reducido o denegado a menos que el hijo haya nacido y fallecido en el año 2013. Filing taxes previous years   Si su crédito de cualquier año posterior a 1996 fue reducido o denegado por el IRS, tal vez tenga que presentar junto con la declaración el Formulario 8862(SP) (o el Formulario 8862, en inglés). Filing taxes previous years Para detalles adicionales, vea las Instrucciones para el Formulario 1040A. Filing taxes previous years Datos a Incluir en el Formulario 1040 Lea las líneas 1 a 43 y llene las líneas que le correspondan. Filing taxes previous years No llene la línea 44. Filing taxes previous years Si presenta una declaración conjunta, utilice el espacio bajo las palabras “ Adjusted Gross Income ” (Ingresos brutos ajustados), en la primera página de la declaración para indicar por separado los ingresos tributables suyos y los de su cónyuge. Filing taxes previous years Lea las líneas 45 a la 71. Filing taxes previous years Llene las líneas que le correspondan, pero no llene las líneas 54, 61 ni 72. Filing taxes previous years Además, no complete la línea 55 ni las líneas 73 a 77. Filing taxes previous years No llene el recuadro “ c ” de la línea 53 si completa el Anexo R del Formulario 1040A o 1040, ni la línea 64a si desea que el IRS le calcule los créditos indicados en dichas líneas. Filing taxes previous years Pagos. Filing taxes previous years   Anote todo impuesto federal retenido sobre los ingresos que se indique en el recuadro 2 del Formulario W-2 o en el recuadro 4 del Formulario 1099, en la línea 62. Filing taxes previous years Anote en la línea 63 todo pago de impuesto estimado que haya efectuado. Filing taxes previous years Crédito por gastos del cuidado de menores y dependientes. Filing taxes previous years   Si puede reclamar este crédito, según se explica en el capítulo 32 , complete el Formulario 2441, en inglés, y adjúntelo a su declaración en papel. Filing taxes previous years Anote la cantidad del crédito en la línea 48. Filing taxes previous years El IRS no le calculará este crédito. Filing taxes previous years Crédito para ancianos o personas incapacitadas. Filing taxes previous years   Si puede reclamar este crédito, según se explica en el capítulo 33 , el IRS puede calcularle este crédito. Filing taxes previous years Escriba “CFE” al lado de la línea 53 y marque el recuadro “ c ” y adjunte el Anexo R del Formulario 1040A o 1040 a su declaración en papel. Filing taxes previous years En el Anexo R del Formulario 1040A o 1040, marque el recuadro de la Parte I correspondiente a su estado civil para efectos de la declaración y edad. Filing taxes previous years Complete la Parte II y las líneas 11 y 13 de la Parte III, si le corresponden. Filing taxes previous years Crédito por ingreso del trabajo. Filing taxes previous years   Si puede reclamar este crédito, según se explica en el capítulo 36 , el IRS se lo calculará. Filing taxes previous years Anote “EIC” en la línea de puntos al lado de la línea 64a del Formulario 1040. Filing taxes previous years Anote en la línea 64b la paga no tributable por combate que desee incluir en los ingresos derivados del trabajo. Filing taxes previous years   Si tiene un hijo que le dé derecho a este crédito, tiene que llenar el Anexo EIC, Earned Income Credit (Crédito por ingreso del trabajo), en inglés, y adjuntarlo a su declaración en papel. Filing taxes previous years Si no provee el número de Seguro Social de su hijo en la línea 2 del Anexo EIC (Formulario 1040 ó 1040A), el crédito será reducido o denegado a menos que su hijo haya nacido y fallecido en el año 2013. Filing taxes previous years   Si su crédito de cualquier año posterior a 1996 fue reducido o denegado por el IRS, tal vez tenga que presentar junto con la declaración el Formulario 8862(SP), (o el Formulario 8862, en inglés). Filing taxes previous years Para detalles adicionales, vea las Instrucciones para el Formulario 1040, en inglés. Filing taxes previous years Prev  Up  Next   Home   More Online Publications