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Forms For 2012 Income Tax

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Forms For 2012 Income Tax

Forms for 2012 income tax Publication 4492-B - Main Content Table of Contents DefinitionsMidwestern Disaster Areas Applicable Disaster Date Charitable Giving IncentivesTemporary Suspension of Limits on Charitable Contributions Standard Mileage Rate for Charitable Use of Vehicles Mileage Reimbursements to Charitable Volunteers Casualty and Theft LossesTime limit for making election. Forms for 2012 income tax Replacement Period for Nonrecognition of Gain Net Operating Losses IRAs and Other Retirement PlansDefinitions Taxation of Qualified Disaster Recovery Assistance Distributions Repayment of Qualified Disaster Recovery Assistance Distributions Repayment of Qualified Distributions for the Purchase or Construction of a Main Home Loans From Qualified Plans Additional Tax Relief for IndividualsEarned Income Credit and Child Tax Credit Additional Exemption for Housing Individuals Displaced by the Severe Storms, Tornadoes, or Flooding Education Credits Recapture of Federal Mortgage Subsidy Exclusion of Certain Cancellations of Indebtedness by Reason of the Severe Storms, Tornadoes, or Flooding Tax Relief for Temporary Relocation Additional Tax Relief for BusinessesEmployee Retention Credit Employer Housing Credit and Exclusion Demolition and Clean-up Costs Increase in Rehabilitation Tax Credit Request for Copy or Transcript of Tax Return How To Get Tax HelpLow Income Taxpayer Clinics (LITCs). Forms for 2012 income tax Definitions The following definitions are used throughout this publication. Forms for 2012 income tax Midwestern Disaster Areas A Midwestern disaster area is an area for which a major disaster was declared by the President during the period beginning on May 20, 2008, and ending on July 31, 2008, in the state of Arkansas, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, or Wisconsin, as a result of severe storms, tornadoes, or flooding that occurred on the applicable disaster date. Forms for 2012 income tax See Tables 1 and 2 for a list of the counties included in the Midwestern disaster areas. Forms for 2012 income tax Applicable Disaster Date The term “applicable disaster date” as used in this publication, refers to the date on which the severe storms, tornadoes, or flooding occurred in the Midwestern disaster areas. Forms for 2012 income tax You will need to know this date when using this publication for the various tax provisions. Forms for 2012 income tax Table 1 The counties listed in Table 1 below are eligible for all tax provisions shown in this publication. Forms for 2012 income tax Applicable Disaster Dates* State Affected Counties—Midwestern Disaster Areas 05/02/2008through05/12/2008 Arkansas Arkansas, Benton, Cleburne, Conway, Crittenden, Grant, Lonoke, Mississippi, Phillips, Pulaski, Saline, and Van Buren. Forms for 2012 income tax 06/01/2008through07/22/2008 Illinois Adams, Calhoun, Clark, Coles, Crawford, Cumberland, Douglas, Edgar, Hancock, Henderson, Jasper, Jersey, Lake, Lawrence, Mercer, Rock Island, Whiteside, and Winnebago. Forms for 2012 income tax 05/30/2008through06/27/2008 Indiana Adams, Bartholomew, Brown, Clay, Daviess, Dearborn, Decatur, Gibson, Grant, Greene, Hamilton, Hancock, Hendricks, Henry, Huntington, Jackson, Jefferson, Jennings, Johnson, Knox, Lawrence, Madison, Marion, Monroe, Morgan, Owen, Parke, Pike, Posey, Putnam, Randolph, Ripley, Rush, Shelby, Sullivan, Tippecanoe, Vermillion, Vigo, Washington, and Wayne. Forms for 2012 income tax 05/25/2008through08/13/2008 Iowa Adair, Adams, Allamakee, Appanoose, Audubon, Benton, Black Hawk, Boone, Bremer, Buchanan, Butler, Cass, Cedar, Cerro Gordo, Chickasaw, Clarke, Clayton, Clinton, Crawford, Dallas, Davis, Decatur, Delaware, Des Moines, Dubuque, Fayette, Floyd, Franklin, Fremont, Greene, Grundy, Guthrie, Hamilton, Hancock, Hardin, Harrison, Henry, Howard, Humboldt, Iowa, Jackson, Jasper, Johnson, Jones, Keokuk, Kossuth, Lee, Linn, Louisa, Lucas, Madison, Mahaska, Marion, Marshall, Mills, Mitchell, Monona, Monroe, Montgomery, Muscatine, Page, Polk, Pottawattamie, Poweshiek, Ringgold, Scott, Story, Tama, Union, Van Buren, Wapello, Warren, Washington, Webster, Winnebago, Winneshiek, Worth, and Wright. Forms for 2012 income tax 05/10/2008through05/11/2008 Missouri Barry, Jasper, and Newton. Forms for 2012 income tax 06/01/2008through08/13/2008 Missouri Adair, Andrew, Callaway, Cass, Chariton, Clark, Gentry, Greene, Harrison, Holt, Johnson, Lewis, Lincoln, Linn, Livingston, Macon, Marion, Monroe, Nodaway, Pike, Putnam, Ralls, St. Forms for 2012 income tax Charles, Stone, Taney, Vernon, and Webster. Forms for 2012 income tax 05/22/2008through06/24/2008 Nebraska Buffalo, Butler, Colfax, Custer, Dawson, Douglas, Gage, Hamilton, Holt, Jefferson, Kearney, Lancaster, Platte, Richardson, Sarpy, and Saunders. Forms for 2012 income tax 06/05/2008through07/25/2008 Wisconsin Adams, Calumet, Crawford, Columbia, Dane, Dodge, Fond du Lac, Grant, Green, Green Lake, Iowa, Jefferson, Juneau, Kenosha, La Crosse, Manitowoc, Marquette, Milwaukee, Monroe, Ozaukee, Racine, Richland, Rock, Sauk, Sheboygan, Vernon, Walworth, Washington, Waukesha, and Winnebago. Forms for 2012 income tax *For more details, go to www. Forms for 2012 income tax fema. Forms for 2012 income tax gov Table 2 The counties listed in Table 2 below are eligible for all of the special tax provisions shown in this publication except the following. Forms for 2012 income tax Charitable Giving Incentives. Forms for 2012 income tax Net Operating Losses. Forms for 2012 income tax Education Credits. Forms for 2012 income tax Recapture of Federal Mortgage Subsidy. Forms for 2012 income tax Tax Relief for Temporary Relocation. Forms for 2012 income tax Employee Retention Credit. Forms for 2012 income tax Employer Housing Credit and Exclusion. Forms for 2012 income tax Demolition and Clean-up Costs. Forms for 2012 income tax Increase in Rehabilitation Credit. Forms for 2012 income tax Applicable Disaster Dates* State Affected Counties—Midwestern Disaster Areas 06/01/2008through07/22/2008 Illinois Greene, Madison, Monroe, Pike, Randolph, St. Forms for 2012 income tax Clair, and Scott. Forms for 2012 income tax 05/30/2008through06/27/2008 Indiana Benton, Boone, Fountain, Franklin, Jay, Montgomery, Ohio, Switzerland, Union, and Wabash. Forms for 2012 income tax 05/25/2008through08/13/2008 Iowa Carroll, Cherokee, Lyon, Palo Alto, Pocahontas, Taylor, and Wayne. Forms for 2012 income tax 05/22/2008through06/16/2008 Kansas Barber, Barton, Bourbon, Brown, Butler, Chautauqua, Cherokee, Clark, Clay, Comanche, Cowley, Crawford, Decatur, Dickinson, Edwards, Elk, Ellis, Ellsworth, Franklin, Gove, Graham, Harper, Haskell, Hodgeman, Jackson, Jewell, Kingman, Kiowa, Lane, Linn, Logan, Mitchell, Montgomery, Ness, Norton, Osborne, Pawnee, Phillips, Pratt, Reno, Republic, Riley, Rooks, Rush, Saline, Seward, Sheridan, Smith, Stafford, Sumner, Thomas, Trego, Wallace, and Wilson. Forms for 2012 income tax 06/06/2008through06/13/2008 Michigan Allegan, Barry, Eaton, Ingham, Lake, Manistee, Mason, Missaukee, Osceola, Ottawa, Saginaw, and Wexford. Forms for 2012 income tax 06/06/2008through06/12/2008 Minnesota Cook, Fillmore, Freeborn, Houston, Mower, and Nobles. Forms for 2012 income tax 06/01/2008through08/13/2008 Missouri Atchison, Audrain, Bates, Buchanan, Cape Girardeau, Carroll, Christian, Daviess, Grundy, Howard, Jefferson, Knox, Mercer, Miller, Mississippi, Morgan, New Madrid, Pemiscot, Perry, Pettis, Platte, Polk, Randolph, Ray, Saline, Schuyler, Scotland, Shelby, St. Forms for 2012 income tax Genevieve, St. Forms for 2012 income tax Louis, the Independent City of St. Forms for 2012 income tax Louis, Scott, Sullivan, and Worth. Forms for 2012 income tax 04/23/2008through04/26/2008 Nebraska Gage, Johnson, Morrill, Nemaha, and Pawnee. Forms for 2012 income tax 05/22/2008through06/24/2008 Nebraska Adams, Blaine, Boone, Boyd, Brown, Burt, Cass, Chase, Cherry, Cuming, Dundy, Fillmore, Frontier, Furnas, Garfield, Gosper, Greeley, Hall, Hayes, Howard, Johnson, Keya Paha, Lincoln, Logan, Loup, Merrick, McPherson, Morrill, Nance, Nemaha, Otoe, Phelps, Polk, Red Willow, Rock, Saline, Seward, Sherman, Stanton, Thayer, Thomas, Thurston, Valley, Webster, Wheeler, and York. Forms for 2012 income tax 06/27/2008 Nebraska Dodge, Douglas, Sarpy, and Saunders. Forms for 2012 income tax 06/05/2008through07/25/2008 Wisconsin Lafayette. Forms for 2012 income tax * For more details, go to www. Forms for 2012 income tax fema. Forms for 2012 income tax gov Charitable Giving Incentives Temporary Suspension of Limits on Charitable Contributions This benefit applies only to the counties in Table 1. Forms for 2012 income tax Individuals. Forms for 2012 income tax   Qualified contributions are not subject to the overall limit on itemized deductions or the 50% of adjusted gross income (AGI) limit. Forms for 2012 income tax A qualified contribution is a charitable contribution paid in cash or by check to a 50% limit organization if you make an election to have the 50% limit not apply to these contributions. Forms for 2012 income tax   A qualified contribution must also meet all of the following requirements. Forms for 2012 income tax Be paid after May 1, 2008, and before January 1, 2009. Forms for 2012 income tax The contribution must be for relief efforts in one or more Midwestern disaster areas. Forms for 2012 income tax Documentation must be provided by the donee organization that the contribution was used (or will be used) for relief efforts in one or more Midwestern disaster areas. Forms for 2012 income tax   Your deduction for qualified contributions is limited to your AGI minus your deduction for all other charitable contributions. Forms for 2012 income tax You can carry over any contributions you are not able to deduct for 2008 because of this limit. Forms for 2012 income tax In 2009, the carryover of your unused qualified contributions is subject to the 50% of AGI limit. Forms for 2012 income tax Exception. Forms for 2012 income tax   Qualified contributions do not include contributions to certain private foundations described in section 509(a)(3) or contributions for the establishment of a new, or maintenance of an existing, donor advised fund. Forms for 2012 income tax Corporations. Forms for 2012 income tax   A corporation can elect to deduct qualified cash contributions without regard to the 10% of taxable income limit if the contributions were paid after May 1, 2008, and before January 1, 2009, to a qualified charitable organization (other than certain private foundations described in section 509(a)(3) or contributions for the establishment of a new, or maintenance of an existing, donor advised fund), for relief efforts in one or more Midwestern disaster areas. Forms for 2012 income tax Documentation must be provided by the donee organization that the contribution was used (or will be used) for relief efforts in one or more Midwestern disaster areas. Forms for 2012 income tax The corporation's deduction for these qualified contributions is limited to 100% of taxable income (as modified for the 10% limit) minus the corporation's deduction for all other charitable contributions. Forms for 2012 income tax Any qualified contributions over this limit can be carried over to the next 5 years, subject to the 10% of taxable income limit. Forms for 2012 income tax Partners and shareholders. Forms for 2012 income tax   Each partner in a partnership and each shareholder in an S corporation must make a separate election to have the appropriate limit not apply. Forms for 2012 income tax More information. Forms for 2012 income tax   For more information, see Publication 526 or Publication 542, Corporations. Forms for 2012 income tax Publication 526 includes a worksheet you can use to figure your deduction if any limits apply to your charitable contributions. Forms for 2012 income tax Standard Mileage Rate for Charitable Use of Vehicles This benefit applies only to the counties in Table 1. Forms for 2012 income tax The following are special standard mileage rates in effect for 2008 for the cost of operating your vehicle for providing charitable services related only to the severe storms, tornadoes, or flooding. Forms for 2012 income tax 36 cents per mile for the period beginning on the applicable disaster date through June 30, 2008. Forms for 2012 income tax 41 cents per mile for the period July 1 through December 31, 2008. Forms for 2012 income tax Mileage Reimbursements to Charitable Volunteers This benefit applies only to the counties in Table 1. Forms for 2012 income tax You can exclude from income amounts you receive as mileage reimbursements for the use of a private passenger vehicle for the benefit of a qualified charitable organization in providing relief related to the severe storms, tornadoes, or flooding during the period beginning on the applicable disaster date, and ending on December 31, 2008. Forms for 2012 income tax You cannot claim a deduction or credit for amounts you exclude. Forms for 2012 income tax You must keep records of miles driven, time, place (or use), and purpose of the mileage. Forms for 2012 income tax The amount you can exclude cannot exceed the standard business mileage rate (shown below) for expenses incurred during the following periods. Forms for 2012 income tax 50. Forms for 2012 income tax 5 cents per mile for the period beginning on the applicable disaster date through June 30, 2008. Forms for 2012 income tax 58. Forms for 2012 income tax 5 cents per mile for the period July 1 through December 31, 2008. Forms for 2012 income tax Casualty and Theft Losses This benefit applies to the counties in both Tables 1 and 2. Forms for 2012 income tax The following paragraphs explain changes to casualty and theft losses that were caused by the severe storms, tornadoes, or flooding in the Midwestern disaster areas. Forms for 2012 income tax For more information, see Publication 547. Forms for 2012 income tax Limits on personal casualty or theft losses. Forms for 2012 income tax   Losses of personal use property that arose in a Midwestern disaster area on or after the applicable disaster date are not subject to the $100 or 10% of AGI limits. Forms for 2012 income tax Qualifying losses include losses from casualties and thefts that arose in a Midwestern disaster area that were attributable to the severe storms, tornadoes, or flooding. Forms for 2012 income tax When completing Form 4684, do not include on line 17 any losses that arose in a Midwestern disaster area. Forms for 2012 income tax A loss arising in a Midwestern disaster area is not considered a loss attributable to a federally declared disaster for purposes of that line and cannot be added to your standard deduction. Forms for 2012 income tax When to deduct the loss. Forms for 2012 income tax   Casualty and theft losses are generally deductible only in the year the casualty occurred or the theft was discovered. Forms for 2012 income tax However, you can elect to deduct losses caused by the severe storms, tornadoes, or flooding on your return for the prior year. Forms for 2012 income tax Special instructions for individuals who elect to claim a Midwestern disaster area casualty or theft loss for 2007. Forms for 2012 income tax   Individuals filing or amending their 2007 tax return for casualty or theft losses that were attributable to the severe storms, tornadoes, or flooding should: Enter “Midwestern Disaster Area” at the top of Form 1040 or Form 1040X, and Complete the 2008 version of Form 4684. Forms for 2012 income tax Cross out “2008” and enter “2007” at the top of Form 4684. Forms for 2012 income tax Time limit for making election. Forms for 2012 income tax   You must make this election to claim your casualty or theft loss in 2007 by the later of the following dates. Forms for 2012 income tax The due date (without extensions) for filing your 2008 income tax return. Forms for 2012 income tax The due date (with extensions) for filing your 2007 income tax return. Forms for 2012 income tax Example. Forms for 2012 income tax If you are a calendar year individual taxpayer, you have until April 15, 2009, to amend your 2007 tax return to claim a casualty or theft loss that occurred during 2008. Forms for 2012 income tax Replacement Period for Nonrecognition of Gain This benefit applies to the counties in both Tables 1 and 2. Forms for 2012 income tax Generally, an involuntary conversion occurs when property is damaged, destroyed, stolen, seized, requisitioned, or condemned, and you receive other property or money in payment, such as insurance or a condemnation award. Forms for 2012 income tax Generally, you do not have to report a gain (if any) if you replace the property within 2 years (4 years for a main home in a federally declared disaster area). Forms for 2012 income tax However, for property that was involuntarily converted on or after the applicable disaster date, as a result of the severe storms, tornadoes, or flooding, a 5-year replacement period applies if substantially all of the use of the replacement property is in a Midwestern disaster area. Forms for 2012 income tax For more information, see the Instructions for Form 4684. Forms for 2012 income tax Net Operating Losses This benefit applies only to the counties in Table 1. Forms for 2012 income tax Qualified disaster recovery assistance loss. Forms for 2012 income tax   Generally, you can carry a net operating loss (NOL) back to the 2 tax years before the NOL year. Forms for 2012 income tax However, the portion of an NOL that is a qualified disaster recovery assistance loss can be carried back to the 5 tax years before the NOL year. Forms for 2012 income tax In addition, the 90% limit on the alternative tax NOL deduction (ATNOLD) does not apply to such portion of the ATNOLD. Forms for 2012 income tax   A qualified disaster recovery assistance loss is the smaller of: The excess of the NOL for the year over the specified liability loss for the year to which a 10-year carryback applies, or The total of the following deductions (to the extent they are taken into account in computing the NOL for the tax year): Qualified disaster recovery assistance casualty loss (as defined below), Moving expenses paid or incurred on or after the applicable disaster date, and before January 1, 2011, for the employment of an individual whose main home was in a Midwestern disaster area before the applicable disaster date, who was unable to remain in that home because of the severe storms, tornadoes, or flooding, and whose main job location (after the move) is in a Midwestern disaster area, Temporary housing expenses paid or incurred on or after the applicable disaster date, and before January 1, 2011, to house employees of the taxpayer whose main job location is in a Midwestern disaster area, Depreciation or amortization allowable for any qualified disaster recovery assistance property (even if you elected not to claim the special disaster recovery assistance depreciation allowance for such property) for the year placed in service, and Repair expenses (including expenses for the removal of debris) paid or incurred on or after the applicable disaster date, and before January 1, 2011, for any damage from the severe storms, tornadoes, or flooding to property located in a Midwestern disaster area. Forms for 2012 income tax Qualified disaster recovery assistance casualty loss. Forms for 2012 income tax   A qualified disaster recovery assistance casualty loss is any deductible section 1231 loss of property located in a Midwestern disaster area if the loss was caused by the severe storms, tornadoes, or flooding. Forms for 2012 income tax For this purpose, the amount of the loss is reduced by any recognized gain from an involuntary conversion caused by the severe storms, tornadoes, or flooding of property located in a Midwestern disaster area. Forms for 2012 income tax Any such loss taken into account in figuring your qualified disaster recovery assistance loss is not eligible for the election to be treated as having occurred in the previous tax year. Forms for 2012 income tax More information. Forms for 2012 income tax   For more information on NOLs, see Publication 536 or Publication 542, Corporations. Forms for 2012 income tax IRAs and Other Retirement Plans New rules provide for tax-favored withdrawals, repayments, and loans from certain retirement plans for taxpayers who suffered economic losses as a result of the severe storms, tornadoes, or flooding. Forms for 2012 income tax Definitions Qualified disaster recovery assistance distribution. Forms for 2012 income tax   A qualified disaster recovery assistance distribution is any distribution you received from an eligible retirement plan if all of the following apply. Forms for 2012 income tax The distribution was made on or after the applicable disaster date and before January 1, 2010. Forms for 2012 income tax Your main home was located in a Midwestern disaster area on the applicable disaster date. Forms for 2012 income tax You sustained an economic loss because of the severe storms, tornadoes, or flooding and your main home was in a Midwestern disaster area on the applicable disaster date. Forms for 2012 income tax Examples of an economic loss include, but are not limited to: Loss, damage to, or destruction of real or personal property from fire, flooding, looting, vandalism, theft, wind, or other cause; Loss related to displacement from your home; or Loss of livelihood due to temporary or permanent layoffs. Forms for 2012 income tax   If (1) through (3) above apply, you can generally designate any distribution (including periodic payments and required minimum distributions) from an eligible retirement plan as a qualified disaster recovery assistance distribution, regardless of whether the distribution was made on account of the severe storms, tornadoes, or flooding. Forms for 2012 income tax Qualified disaster recovery assistance distributions are permitted without regard to your need or the actual amount of your economic loss. Forms for 2012 income tax   The total of your qualified disaster recovery assistance distributions from all plans is limited to $100,000. Forms for 2012 income tax If you have distributions in excess of $100,000 from more than one type of plan, such as a 401(k) plan and an IRA, you can allocate the $100,000 limit among the plans any way you choose. Forms for 2012 income tax   A reduction or offset (on or after the applicable disaster date) of your account balance in an eligible retirement plan in order to repay a loan can also be designated as a qualified disaster recovery assistance distribution. Forms for 2012 income tax Eligible retirement plan. Forms for 2012 income tax   An eligible retirement plan can be any of the following. Forms for 2012 income tax A qualified pension, profit-sharing, or stock bonus plan (including a 401(k) plan). Forms for 2012 income tax A qualified annuity plan. Forms for 2012 income tax A tax-sheltered annuity contract. Forms for 2012 income tax A governmental section 457 deferred compensation plan. Forms for 2012 income tax A traditional, SEP, SIMPLE, or Roth IRA. Forms for 2012 income tax Main home. Forms for 2012 income tax   Generally, your main home is the home where you live most of the time. Forms for 2012 income tax A temporary absence due to special circumstances, such as illness, education, business, military service, evacuation, or vacation, will not change your main home. Forms for 2012 income tax Taxation of Qualified Disaster Recovery Assistance Distributions This benefit applies to the counties in both Tables 1 and 2. Forms for 2012 income tax Qualified disaster recovery assistance distributions are included in income in equal amounts over three years. Forms for 2012 income tax However, if you elect, you can include the entire distribution in your income in the year it was received. Forms for 2012 income tax Qualified disaster recovery assistance distributions are not subject to the additional 10% tax (or the additional 25% tax for certain distributions from SIMPLE IRAs) on early distributions from qualified retirement plans (including IRAs). Forms for 2012 income tax However, any distributions you receive in excess of the $100,000 qualified disaster recovery assistance distribution limit may be subject to the additional tax on early distributions. Forms for 2012 income tax For more information, see Form 8930. Forms for 2012 income tax Repayment of Qualified Disaster Recovery Assistance Distributions This benefit applies to the counties in both Tables 1 and 2. Forms for 2012 income tax If you choose, you generally can repay any portion of a qualified disaster recovery assistance distribution that is eligible for tax-free rollover treatment to an eligible retirement plan. Forms for 2012 income tax Also, you can repay a qualified disaster recovery assistance distribution made on account of a hardship from a retirement plan. Forms for 2012 income tax However, see Exceptions later for qualified disaster recovery assistance distributions you cannot repay. Forms for 2012 income tax You have three years from the day after the date you received the distribution to make a repayment. Forms for 2012 income tax Amounts that are repaid are treated as a qualified rollover and are not included in income. Forms for 2012 income tax Also, a repayment of a qualified disaster recovery assistance distribution to an IRA is not counted when figuring the one-rollover-per-year limitation. Forms for 2012 income tax See Form 8930 for more information on how to report repayments. Forms for 2012 income tax Exceptions. Forms for 2012 income tax   You cannot repay the following types of distributions. Forms for 2012 income tax Qualified disaster recovery assistance distributions received as a beneficiary (other than a surviving spouse). Forms for 2012 income tax Required minimum distributions. Forms for 2012 income tax Periodic payments (other than from an IRA) that are for: A period of 10 years or more, Your life or life expectancy, or The joint lives or joint life expectancies of you and your beneficiary. Forms for 2012 income tax Repayment of Qualified Distributions for the Purchase or Construction of a Main Home This benefit applies to the counties in both Tables 1 and 2. Forms for 2012 income tax If you received a qualified distribution to purchase or construct a main home in a Midwestern disaster area, you can repay part or all of that distribution on or after the applicable disaster date, but no later than March 3, 2009, to an eligible retirement plan. Forms for 2012 income tax For this purpose, an eligible retirement plan is any plan, annuity, or IRA to which a qualified rollover can be made. Forms for 2012 income tax To be a qualified distribution, the distribution must meet all of the following requirements. Forms for 2012 income tax The distribution is a hardship distribution from a 401(k) plan, a hardship distribution from a tax-sheltered annuity contract, or a qualified first-time homebuyer distribution from an IRA. Forms for 2012 income tax The distribution was received after the date that was 6 months before the day after the applicable disaster date. Forms for 2012 income tax The distribution was to be used to purchase or construct a main home in a Midwestern disaster area that was not purchased or constructed because of the severe storms, tornadoes, or flooding. Forms for 2012 income tax Amounts that are repaid before March 4, 2009, are treated as a qualified rollover and are not included in income. Forms for 2012 income tax Also, a repayment of a qualified distribution to an IRA is not counted when figuring the one-rollover-per-year limitation. Forms for 2012 income tax A qualified distribution not repaid before March 4, 2009, may be taxable for 2007 or 2008 and subject to the additional 10% tax (or the additional 25% tax for certain SIMPLE IRAs) on early distributions. Forms for 2012 income tax You must file Form 8930 if you received a qualified distribution that you repaid, in whole or in part, before March 4, 2009. Forms for 2012 income tax Loans From Qualified Plans This benefit applies to the counties in both Tables 1 and 2. Forms for 2012 income tax The following benefits are available to qualified individuals. Forms for 2012 income tax Increases to the limits for distributions treated as loans from employer plans. Forms for 2012 income tax A 1-year suspension for payments due on plan loans. Forms for 2012 income tax Qualified individual. Forms for 2012 income tax   You are a qualified individual if your main home was located in a Midwestern disaster area on the applicable disaster date and you had an economic loss because of the severe storms, tornadoes, or flooding. Forms for 2012 income tax Examples of an economic loss include, but are not limited to: Loss, damage to, or destruction of real or personal property from fire, flooding, looting, vandalism, theft, wind, or other cause; Loss related to displacement from your home; or Loss of livelihood due to temporary or permanent layoffs. Forms for 2012 income tax Limits on plan loans. Forms for 2012 income tax   The $50,000 limit for distributions treated as plan loans is increased to $100,000. Forms for 2012 income tax In addition, the limit based on 50% of your vested accrued benefit is increased to 100% of that benefit. Forms for 2012 income tax If your main home was located in a Midwestern disaster area, the higher limits apply only to loans received during the period beginning on October 3, 2008, and ending on December 31, 2009. Forms for 2012 income tax One-year suspension of loan payments. Forms for 2012 income tax   Payments on plan loans outstanding on or after the applicable disaster date, may be suspended for 1 year by the plan administrator. Forms for 2012 income tax To qualify for the suspension, the due date for any loan payment must occur during the period beginning on the applicable disaster date and ending on December 31, 2009. Forms for 2012 income tax Additional Tax Relief for Individuals Earned Income Credit and Child Tax Credit This benefit applies to the counties in both Tables 1 and 2. Forms for 2012 income tax You can elect to use your 2007 earned income to figure your earned income credit (EIC) and additional child tax credit for 2008 if: Your 2008 earned income is less than your 2007 earned income, and At least one of the following statements is true. Forms for 2012 income tax Your main home on the applicable disaster date was in a Midwestern disaster area as shown in Table 1. Forms for 2012 income tax Your main home on the applicable disaster date was in a Midwestern disaster area as shown in Table 2, and you were displaced from that home because of the severe storms, tornadoes, or flooding. Forms for 2012 income tax Earned income. Forms for 2012 income tax    For the purpose of this election, your earned income for both the EIC and the additional child tax credit is the amount of earned income used to figure your EIC, even if you did not take the EIC and even if that amount is different than your earned income for the additional child tax credit. Forms for 2012 income tax If you are claiming only the additional child tax credit, you must figure the amount of your earned income for EIC purposes to determine your eligibility to make the election and the amount of the credit. Forms for 2012 income tax Joint returns. Forms for 2012 income tax   If you file a joint return, you qualify to make this election even if only one spouse meets the requirements. Forms for 2012 income tax If you make the election, your 2007 earned income is the sum of your 2007 earned income and your spouse's 2007 earned income. Forms for 2012 income tax Making the election. Forms for 2012 income tax   If you make the election to use your 2007 earned income, the election applies for figuring both the EIC and the additional child tax credit. Forms for 2012 income tax However, you can make the election for the additional child tax credit even if you do not take the EIC. Forms for 2012 income tax   Electing to use your 2007 earned income can increase or decrease your EIC. Forms for 2012 income tax Take the following steps to decide whether to make the election. Forms for 2012 income tax Figure your 2008 EIC using your 2007 earned income. Forms for 2012 income tax Figure your 2008 additional child tax credit using your 2007 earned income for EIC purposes. Forms for 2012 income tax Add the results of (1) and (2). Forms for 2012 income tax Figure your 2008 EIC using your 2008 earned income. Forms for 2012 income tax Figure your 2008 additional child tax credit using your 2008 earned income for additional child tax credit purposes. Forms for 2012 income tax Add the results of (4) and (5). Forms for 2012 income tax Compare the results of (3) and (6). Forms for 2012 income tax If (3) is larger than (6), it is to your benefit to make the election. Forms for 2012 income tax If (3) is equal to or smaller than (6), making the election will not help you. Forms for 2012 income tax   If you elect to use your 2007 earned income and you are claiming the EIC, enter “PYEI” and the amount of your 2007 earned income on the dotted line next to line 64a of Form 1040, on the line next to line 40a of Form 1040A, or in the space to the left of line 8a of Form 1040EZ. Forms for 2012 income tax   If you elect to use your 2007 earned income and you are claiming the additional child tax credit, enter your 2007 earned income for EIC purposes (even if you did not claim the EIC) on Form 8812, Additional Child Tax Credit, line 4a, and check the box on that line. Forms for 2012 income tax Getting your 2007 tax return information. Forms for 2012 income tax   If you do not have your 2007 tax records, you can get the amount of earned income used to figure your 2007 EIC by calling 1-866-562-5227. Forms for 2012 income tax You can also get this information by visiting the IRS website at www. Forms for 2012 income tax irs. Forms for 2012 income tax gov. Forms for 2012 income tax   If you prefer to figure your 2007 earned income yourself, copies or transcripts of your filed and processed tax returns can help you reconstruct your tax records. Forms for 2012 income tax See Request for Copy or Transcript of Tax Return on page 11. Forms for 2012 income tax Additional Exemption for Housing Individuals Displaced by the Severe Storms, Tornadoes, or Flooding This benefit applies to the counties in both Tables 1 and 2. Forms for 2012 income tax You can claim an additional exemption amount of $500 for providing housing in your main home for each individual displaced by the severe storms, tornadoes, or flooding. Forms for 2012 income tax The additional exemption amount is claimed on Form 8914. Forms for 2012 income tax You can claim an additional exemption amount only one time for a specific individual. Forms for 2012 income tax If you claimed an additional exemption amount for an individual in 2008, you cannot claim that amount again for the same individual in 2009. Forms for 2012 income tax The maximum additional exemption amount you can claim for all displaced individuals is $2,000. Forms for 2012 income tax Any additional exemption amount you claimed for displaced individuals in 2008 will reduce the $2,000 maximum for 2009. Forms for 2012 income tax The $2,000 limit applies to a husband and wife, whether the husband and wife file joint returns or separate returns. Forms for 2012 income tax If married filing separately, the $2,000 can be divided in $500 increments between the spouses. Forms for 2012 income tax For example, if one spouse claims an additional exemption amount for one displaced individual, the other spouse, if otherwise eligible, can claim additional exemption amounts for three different displaced individuals. Forms for 2012 income tax If two or more taxpayers share the same main home, only one taxpayer in that main home can claim the additional exemption amount for a specific displaced individual. Forms for 2012 income tax In order for you to be considered to have provided housing, you must have a legal interest in the main home (that is, own or rent the home). Forms for 2012 income tax To qualify as a displaced individual, the individual: Must have had his or her main home in a Midwestern disaster area on the applicable disaster date, and he or she must have been displaced from that home. Forms for 2012 income tax If the individual's main home was located in a Midwestern disaster area as shown in Table 2, that home must have been damaged by the severe storms, tornadoes, or flooding or the individual must have been evacuated from that home because of the severe storms, tornadoes, or flooding, Must have been provided housing in your main home for a period of at least 60 consecutive days ending in the tax year in which the exemption is claimed, and Cannot be your spouse or dependent. Forms for 2012 income tax You cannot claim the additional exemption amount if you received rent (or any other amount) from any source for providing the housing. Forms for 2012 income tax You are permitted to receive payments or reimbursements that do not relate to normal housing costs, including the following. Forms for 2012 income tax Food, clothing, or personal items consumed or used by the displaced individual. Forms for 2012 income tax Reimbursement for the cost of any long distance telephone calls made by the displaced individual. Forms for 2012 income tax Reimbursement for the cost of gasoline for the displaced individual's use of your vehicle. Forms for 2012 income tax However, you cannot claim the additional exemption amount if you received any reimbursement for the extra costs of heat, electricity, or water used by the displaced individual. Forms for 2012 income tax Also, you must report on Form 8914 the displaced individual's social security number or individual taxpayer identification number to claim an additional exemption amount. Forms for 2012 income tax For more information, see Form 8914. Forms for 2012 income tax Education Credits This benefit applies only to the counties in Table 1. Forms for 2012 income tax The education credits have been expanded for students attending an eligible educational institution located in a Midwestern disaster area (Midwestern disaster area students) for any tax year beginning in 2008 or 2009. Forms for 2012 income tax The Hope credit for a Midwestern disaster area student is increased to 100% of the first $2,400 in qualified education expenses and 50% of the next $2,400 of qualified education expenses for a maximum credit of $3,600 per student. Forms for 2012 income tax The lifetime learning credit rate for a Midwestern disaster area student is increased from 20% to 40%. Forms for 2012 income tax The definition of qualified education expenses for a Midwestern disaster area student also has been expanded. Forms for 2012 income tax This expanded definition also applies to the tuition and fees deduction claimed on Form 8917. Forms for 2012 income tax In addition to tuition and fees required for the student's enrollment or attendance at an eligible educational institution, qualified education expenses for a Midwestern disaster area student include the following. Forms for 2012 income tax Books, supplies, and equipment required for enrollment or attendance at an eligible educational institution. Forms for 2012 income tax For a special needs student, expenses that are necessary for that person's enrollment or attendance at an eligible educational institution. Forms for 2012 income tax For a student who is at least a half-time student, the reasonable costs of room and board, but only to the extent that the costs are not more than the greater of the following two amounts. Forms for 2012 income tax The allowance for room and board, as determined by the eligible educational institution, that was included in the cost of attendance (for federal financial aid purposes) for a particular academic period and living arrangement of the student. Forms for 2012 income tax The actual amount charged if the student is residing in housing owned or operated by the eligible educational institution. Forms for 2012 income tax You will need to contact the eligible educational institution for qualified room and board costs. Forms for 2012 income tax For more information, see Form 8863. Forms for 2012 income tax See Form 8917 for the tuition and fees deduction. Forms for 2012 income tax Recapture of Federal Mortgage Subsidy This benefit applies only to the counties in Table 1. Forms for 2012 income tax Generally, if you financed your home under a federally subsidized program (loans from tax-exempt qualified mortgage bonds or loans with mortgage credit certificates), you may have to recapture all or part of the benefit you received from that program when you sell or otherwise dispose of your home. Forms for 2012 income tax However, you do not have to recapture any benefit if your mortgage loan was a qualified home improvement loan of not more than $15,000. Forms for 2012 income tax This amount is increased to $150,000 if the loan was provided before 2011 and was used to alter, repair, or improve an existing owner-occupied residence in a Midwestern disaster area as shown in Table 1. Forms for 2012 income tax Exclusion of Certain Cancellations of Indebtedness by Reason of the Severe Storms, Tornadoes, or Flooding This benefit applies to the counties in both Tables 1 and 2. Forms for 2012 income tax Generally, discharges of nonbusiness debts (such as mortgages) made on or after the applicable disaster date and before January 1, 2010, are excluded from income for individuals whose main home was in a Midwestern disaster area on the applicable disaster date. Forms for 2012 income tax If the individual's main home was located in a Midwestern disaster area as shown in Table 2, the individual also must have had an economic loss because of the severe storms, tornadoes, or flooding. Forms for 2012 income tax Examples of an economic loss include, but are not limited to: Loss, damage to, or destruction of real or personal property from fire, flooding, looting, vandalism, theft, wind, or other cause; Loss related to displacement from your home; or Loss of livelihood due to temporary or permanent layoffs. Forms for 2012 income tax This relief does not apply to any debt secured by real property located outside a Midwestern disaster area. Forms for 2012 income tax You may also have to reduce certain tax attributes by the amount excluded. Forms for 2012 income tax For more information, see Form 982, Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis Adjustment). Forms for 2012 income tax Tax Relief for Temporary Relocation This benefit applies only to the counties in Table 1. Forms for 2012 income tax The IRS can adjust the internal revenue laws to ensure that taxpayers do not lose a deduction or credit or experience a change of filing status in 2008 or 2009 as a result of a temporary relocation caused by the severe storms, tornadoes, or flooding. Forms for 2012 income tax However, any such adjustment must ensure that an individual is not taken into account by more than one taxpayer for the same tax benefit. Forms for 2012 income tax The IRS has exercised this authority as follows. Forms for 2012 income tax In determining whether you furnished over one-half of the cost of maintaining a household, you can exclude from total household costs any assistance received from the government or charitable organizations because you were temporarily relocated as a result of the severe storms, tornadoes, or flooding. Forms for 2012 income tax In determining whether you provided more than one-half of an individual's support, you can disregard any assistance received from the government or charitable organizations because you were temporarily relocated as a result of the severe storms, tornadoes, or flooding. Forms for 2012 income tax You can treat as a student an individual who enrolled in school before the applicable disaster date, and who is unable to attend classes because of the severe storms, tornadoes, or flooding, for each month of the enrollment period that individual is prevented by the severe storms, tornadoes, or flooding from attending school as planned. Forms for 2012 income tax Additional Tax Relief for Businesses Employee Retention Credit This benefit applies only to the counties in Table 1. Forms for 2012 income tax An eligible employer who conducted an active trade or business in a Midwestern disaster area can claim the employee retention credit. Forms for 2012 income tax The credit is 40% of qualified wages for each eligible employee (up to a maximum of $6,000 in qualified wages per employee). Forms for 2012 income tax Generally, you must reduce your deduction for salaries and wages by the amount of this credit (before the tax liability limit). Forms for 2012 income tax Use Form 5884-A to claim the credit. Forms for 2012 income tax Employers affected by the severe storms, tornadoes, or flooding. Forms for 2012 income tax   The following definitions apply to employers affected by the severe storms, tornadoes, or flooding. Forms for 2012 income tax Eligible employer. Forms for 2012 income tax   For this purpose, an eligible employer is any employer who meets all of the following. Forms for 2012 income tax Employed an average of not more than 200 employees on business days during the tax year before the applicable disaster date. Forms for 2012 income tax Conducted an active trade or business on the applicable disaster date in a Midwestern disaster area. Forms for 2012 income tax Whose trade or business was inoperable on any day after the applicable disaster date and before January 1, 2009, because of the damage caused by the severe storms, tornadoes, or flooding. Forms for 2012 income tax Eligible employee. Forms for 2012 income tax   For this purpose, an eligible employee is an employee whose principal place of employment on the applicable disaster date with such eligible employer was in a Midwestern disaster area. Forms for 2012 income tax An employee is not an eligible employee for purposes of the severe storms, tornadoes, or flooding if the employee is treated as an eligible employee for the work opportunity credit. Forms for 2012 income tax Qualified wages. Forms for 2012 income tax   Qualified wages are wages (up to $6,000 per employee) you paid or incurred before January 1, 2009, for an eligible employee beginning on the date your trade or business first became inoperable at the employee's principal place of employment immediately before the applicable disaster, and ending on the date your trade or business resumed significant operations at that place. Forms for 2012 income tax In addition, the wages must have been paid or incurred after the applicable disaster date. Forms for 2012 income tax    This includes wages paid even if the employee performed no services, performed services at a place of employment other than the principal place of employment, or performed services at the principal place of employment before significant operations resumed. Forms for 2012 income tax    Wages qualifying for the credit generally have the same meaning as wages subject to the Federal Unemployment Tax Act (FUTA). Forms for 2012 income tax Qualified wages also include amounts you paid for medical or hospitalization expenses in connection with sickness or accident disability. Forms for 2012 income tax Qualified wages for any employee must be reduced by the amount of any work supplementation payment you received under the Social Security Act. Forms for 2012 income tax   For agricultural employees, if the work performed by any employee during more than half of any pay period qualified under FUTA as agricultural labor, that employee's wages subject to social security and Medicare taxes are qualified wages. Forms for 2012 income tax For a special rule that applies to railroad employees, see section 51(h)(1)(B). Forms for 2012 income tax   Qualified wages do not include the following. Forms for 2012 income tax Wages paid to your dependent or a related individual. Forms for 2012 income tax See section 51(i)(1). Forms for 2012 income tax Wages paid to any employee during the period for which you received payment for the employee from a federally funded on-the-job training program. Forms for 2012 income tax Wages for services of replacement workers during a strike or lockout. Forms for 2012 income tax   For more information, see Form 5884-A. Forms for 2012 income tax Employer Housing Credit and Exclusion This benefit applies only to the counties in Table 1. Forms for 2012 income tax An employer who conducted an active trade or business in a Midwestern disaster area can claim the employer housing credit. Forms for 2012 income tax The credit is equal to 30% of the value (up to $600 per month per employee) of in-kind lodging furnished to a qualified employee (and the employee's spouse or dependents) from November 1, 2008, through May 1, 2009. Forms for 2012 income tax The value of the lodging is excluded from the income of the qualified employee but is treated as wages for purposes of taxes imposed under the Federal Insurance Contributions Act (FICA) and the Federal Unemployment Tax Act (FUTA). Forms for 2012 income tax Generally, you must reduce your deduction for salaries and wages by the amount of this credit (before the tax liability limit). Forms for 2012 income tax The employer must use Form 5884-A to claim the credit. Forms for 2012 income tax A qualified employee is an individual who had a main home in a Midwestern disaster area on the applicable disaster date, and who performs substantially all employment services in a Midwestern disaster area for the employer furnishing the lodging. Forms for 2012 income tax The employee cannot be your dependent or a related individual. Forms for 2012 income tax See section 51(i)(1). Forms for 2012 income tax For more information, see Form 5884-A. Forms for 2012 income tax Demolition and Clean-up Costs This benefit applies only to the counties in Table 1. Forms for 2012 income tax You can elect to deduct 50% of any qualified disaster recovery assistance clean-up costs for the tax year in which the costs are paid or incurred, instead of capitalizing them. Forms for 2012 income tax Qualified disaster recovery assistance clean-up costs are any amounts paid or incurred on or after the applicable disaster date, and before January 1, 2011, for the removal of debris from, or the demolition of structures on, real property located in a Midwestern disaster area that is: Held by you for use in a trade or business or for the production of income, or Inventory or other property held primarily for sale to customers in the ordinary course of your trade or business. Forms for 2012 income tax Qualified disaster recovery assistance clean-up costs are limited to amounts necessary due to damage attributable to the severe storms, tornadoes, or flooding in the Midwestern disaster areas. Forms for 2012 income tax Increase in Rehabilitation Tax Credit This benefit applies only to the counties in Table 1. Forms for 2012 income tax The rehabilitation credit is increased for qualified rehabilitation expenditures paid or incurred on or after the applicable disaster date, and before January 1, 2012, on buildings located in a Midwestern disaster area as follows. Forms for 2012 income tax For pre-1936 buildings (other than certified historic structures), the credit percentage is increased from 10% to 13%. Forms for 2012 income tax For certified historic structures, the credit percentage is increased from 20% to 26%. Forms for 2012 income tax For more information, see Form 3468, Investment Credit. Forms for 2012 income tax Request for Copy or Transcript of Tax Return Request for copy of tax return. Forms for 2012 income tax   You can use Form 4506 to order a copy of your tax return. Forms for 2012 income tax Generally, there is a $57 fee for requesting each copy of a tax return. Forms for 2012 income tax If your main home, principal place of business, or tax records are located in a Midwestern disaster area, the fee will be waived if “Midwestern Disaster Area” is written in red across the top of the form when filed. Forms for 2012 income tax Request for transcript of tax return. Forms for 2012 income tax   You can use Form 4506-T to order a free transcript of your tax return. Forms for 2012 income tax A transcript provides most of the line entries from a tax return and usually contains the information that a third party requires. Forms for 2012 income tax You can also call 1-800-829-1040 to order a transcript. Forms for 2012 income tax How To Get Tax Help Special IRS assistance. Forms for 2012 income tax   The IRS is providing special help for those affected by the severe storms, tornadoes, or flooding, as well as survivors and personal representatives of the victims. Forms for 2012 income tax We have set up a special toll-free number for people who may have trouble filing or paying their taxes because they were affected by recent federally declared disasters, or who have other tax issues related to the severe storms, tornadoes, or flooding. Forms for 2012 income tax Call 1-866-562-5227 Monday through FridayIn English–7 a. Forms for 2012 income tax m. Forms for 2012 income tax to 10 p. Forms for 2012 income tax m. Forms for 2012 income tax local timeIn Spanish–8 a. Forms for 2012 income tax m. Forms for 2012 income tax to 9:30 p. Forms for 2012 income tax m. Forms for 2012 income tax local time   The IRS website at www. Forms for 2012 income tax irs. Forms for 2012 income tax gov has notices and other tax relief information. Forms for 2012 income tax Check it periodically for any new guidance. Forms for 2012 income tax You can get help with unresolved tax issues, order free publications and forms, ask tax questions, and get information from the IRS in several ways. Forms for 2012 income tax By selecting the method that is best for you, you will have quick and easy access to tax help. Forms for 2012 income tax Contacting your Taxpayer Advocate. Forms for 2012 income tax   The Taxpayer Advocate Service (TAS) is an independent organization within the IRS whose employees assist taxpayers who are experiencing economic harm, who are seeking help in resolving tax problems that have not been resolved through normal channels, or who believe that an IRS system or procedure is not working as it should. Forms for 2012 income tax Here are seven things every taxpayer should know about TAS: TAS is your voice at the IRS. Forms for 2012 income tax Our service is free, confidential, and tailored to meet your needs. Forms for 2012 income tax You may be eligible for TAS help if you have tried to resolve your tax problem through normal IRS channels and have gotten nowhere, or you believe an IRS procedure just isn't working as it should. Forms for 2012 income tax TAS helps taxpayers whose problems are causing financial difficulty or significant cost, including the cost of professional representation. Forms for 2012 income tax This includes businesses as well as individuals. Forms for 2012 income tax TAS employees know the IRS and how to navigate it. Forms for 2012 income tax We will listen to your problem, help you understand what needs to be done to resolve it, and stay with you every step of the way until your problem is resolved. Forms for 2012 income tax TAS has at least one local taxpayer advocate in every state, the District of Columbia, and Puerto Rico. Forms for 2012 income tax You can call your local advocate, whose number is in your phone book, in Pub. Forms for 2012 income tax 1546, Taxpayer Advocate Service—Your Voice at the IRS, and on our website at www. Forms for 2012 income tax irs. Forms for 2012 income tax gov/advocate. Forms for 2012 income tax You can also call our toll-free line at 1-877-777-4778 or TTY/TDD 1-800-829-4059. Forms for 2012 income tax You can learn about your rights and responsibilities as a taxpayer by visiting our online tax toolkit at www. Forms for 2012 income tax taxtoolkit. Forms for 2012 income tax irs. Forms for 2012 income tax gov. Forms for 2012 income tax Low Income Taxpayer Clinics (LITCs). Forms for 2012 income tax   The Low Income Taxpayer Clinic program serves individuals who have a problem with the IRS and whose income is below a certain level. Forms for 2012 income tax LITCs are independent from the IRS. Forms for 2012 income tax Most LITCs can provide representation before the IRS or in court on audits, tax collection disputes, and other issues for free or a small fee. Forms for 2012 income tax If an individual's native language is not English, some clinics can provide multilingual information about taxpayer rights and responsibilities. Forms for 2012 income tax For more information, see Publication 4134, Low Income Taxpayer Clinic List. Forms for 2012 income tax This publication is available at www. Forms for 2012 income tax irs. Forms for 2012 income tax gov, by calling 1-800-TAX-FORM (1-800-829-3676), or at your local IRS office. Forms for 2012 income tax Free tax services. Forms for 2012 income tax   To find out what services are available, get Publication 910, IRS Guide to Free Tax Services. Forms for 2012 income tax It contains lists of free tax information sources, including publications, services, and free tax education and assistance programs. Forms for 2012 income tax It also has an index of over 100 TeleTax topics (recorded tax information) you can listen to on your telephone. Forms for 2012 income tax   Accessible versions of IRS published products are available on request in a variety of alternative formats for people with disabilities. Forms for 2012 income tax Free help with your return. Forms for 2012 income tax   Free help in preparing your return is available nationwide from IRS-trained volunteers. Forms for 2012 income tax The Volunteer Income Tax Assistance (VITA) program is designed to help low-income taxpayers and the Tax Counseling for the Elderly (TCE) program is designed to assist taxpayers age 60 and older with their tax returns. Forms for 2012 income tax Many VITA sites offer free electronic filing and all volunteers will let you know about credits and deductions you may be entitled to claim. Forms for 2012 income tax To find the nearest VITA or TCE site, call 1-800-829-1040. Forms for 2012 income tax   As part of the TCE program, AARP offers the Tax-Aide counseling program. Forms for 2012 income tax To find the nearest AARP Tax-Aide site, call 1-888-227-7669 or visit AARP's website atwww. Forms for 2012 income tax aarp. Forms for 2012 income tax org/money/taxaide. Forms for 2012 income tax   For more information on these programs, go to www. Forms for 2012 income tax irs. Forms for 2012 income tax gov and enter keyword “VITA” in the upper right-hand corner. Forms for 2012 income tax Internet. Forms for 2012 income tax You can access the IRS website at www. Forms for 2012 income tax irs. Forms for 2012 income tax gov 24 hours a day, 7 days a week to: E-file your return. Forms for 2012 income tax Find out about commercial tax preparation and e-file services available free to eligible taxpayers. Forms for 2012 income tax Check the status of your 2009 refund. Forms for 2012 income tax Go to www. Forms for 2012 income tax irs. Forms for 2012 income tax gov and click on Where's My Refund. Forms for 2012 income tax Wait at least 72 hours after the IRS acknowledges receipt of your e-filed return, or 3 to 4 weeks after mailing a paper return. Forms for 2012 income tax If you filed Form 8379 with your return, wait 14 weeks (11 weeks if you filed electronically). Forms for 2012 income tax Have your 2009 tax return available so you can provide your social security number, your filing status, and the exact whole dollar amount of your refund. Forms for 2012 income tax Download forms, instructions, and publications. Forms for 2012 income tax Order IRS products online. Forms for 2012 income tax Research your tax questions online. Forms for 2012 income tax Search publications online by topic or keyword. Forms for 2012 income tax Use the online Internal Revenue Code, Regulations, or other official guidance. Forms for 2012 income tax View Internal Revenue Bulletins (IRBs) published in the last few years. Forms for 2012 income tax Figure your withholding allowances using the withholding calculator online at www. Forms for 2012 income tax irs. Forms for 2012 income tax gov/individuals. Forms for 2012 income tax Determine if Form 6251 must be filed by using our Alternative Minimum Tax (AMT) Assistant. Forms for 2012 income tax Sign up to receive local and national tax news by email. Forms for 2012 income tax Get information on starting and operating a small business. Forms for 2012 income tax Phone. Forms for 2012 income tax Many services are available by phone. Forms for 2012 income tax Ordering forms, instructions, and publications. Forms for 2012 income tax Call 1-800-TAX FORM (1-800-829-3676) to order current-year forms, instructions, and publications, and prior-year forms and instructions. Forms for 2012 income tax You should receive your order within 10 days. Forms for 2012 income tax Asking tax questions. Forms for 2012 income tax Call the IRS with your tax questions at 1-800-829-1040. Forms for 2012 income tax Solving problems. Forms for 2012 income tax You can get face-to-face help solving tax problems every business day in IRS Taxpayer Assistance Centers. Forms for 2012 income tax An employee can explain IRS letters, request adjustments to your account, or help you set up a payment plan. Forms for 2012 income tax Call your local Taxpayer Assistance Center for an appointment. Forms for 2012 income tax To find the number, go to www. Forms for 2012 income tax irs. Forms for 2012 income tax gov/localcontacts or look in the phone book under United States Government, Internal Revenue Service. Forms for 2012 income tax TTY/TDD equipment. Forms for 2012 income tax If you have access to TTY/TDD equipment, call 1-800-829-4059 to ask tax questions or to order forms and publications. Forms for 2012 income tax TeleTax topics. Forms for 2012 income tax Call 1-800-829-4477 to listen to pre-recorded messages covering various tax topics. Forms for 2012 income tax Refund information. Forms for 2012 income tax To check the status of your 2009 refund, call 1-800-829-1954 during business hours or 1-800-829-4477 (automated refund information 24 hours a day, 7 days a week). Forms for 2012 income tax Wait at least 72 hours after the IRS acknowledges receipt of your e-filed return, or 3 to 4 weeks after mailing a paper return. Forms for 2012 income tax If you filed Form 8379 with your return, wait 14 weeks (11 weeks if you filed electronically). Forms for 2012 income tax Have your 2009 tax return available so you can provide your social security number, your filing status, and the exact whole dollar amount of your refund. Forms for 2012 income tax Refunds are sent out weekly on Fridays. Forms for 2012 income tax If you check the status of your refund and are not given the date it will be issued, please wait until the next week before checking back. Forms for 2012 income tax Other refund information. Forms for 2012 income tax To check the status of a prior year refund or amended return refund, call 1-800-829-1954. Forms for 2012 income tax Evaluating the quality of our telephone services. Forms for 2012 income tax To ensure IRS representatives give accurate, courteous, and professional answers, we use several methods to evaluate the quality of our telephone services. Forms for 2012 income tax One method is for a second IRS representative to listen in on or record random telephone calls. Forms for 2012 income tax Another is to ask some callers to complete a short survey at the end of the call. Forms for 2012 income tax Walk-in. Forms for 2012 income tax Many products and services are available on a walk-in basis. Forms for 2012 income tax Products. Forms for 2012 income tax You can walk in to many post offices, libraries, and IRS offices to pick up certain forms, instructions, and publications. Forms for 2012 income tax Some IRS offices, libraries, grocery stores, copy centers, city and county government offices, credit unions, and office supply stores have a collection of products available to print from a CD or photocopy from reproducible proofs. Forms for 2012 income tax Also, some IRS offices and libraries have the Internal Revenue Code, regulations, Internal Revenue Bulletins, and Cumulative Bulletins available for research purposes. Forms for 2012 income tax Services. Forms for 2012 income tax You can walk in to your local Taxpayer Assistance Center every business day for personal, face-to-face tax help. Forms for 2012 income tax An employee can explain IRS letters, request adjustments to your tax account, or help you set up a payment plan. Forms for 2012 income tax If you need to resolve a tax problem, have questions about how the tax law applies to your individual tax return, or you are more comfortable talking with someone in person, visit your local Taxpayer Assistance Center where you can spread out your records and talk with an IRS representative face-to-face. Forms for 2012 income tax No appointment is necessary—just walk in. Forms for 2012 income tax If you prefer, you can call your local Center and leave a message requesting an appointment to resolve a tax account issue. Forms for 2012 income tax A representative will call you back within 2 business days to schedule an in-person appointment at your convenience. Forms for 2012 income tax If you have an ongoing, complex tax account problem or a special need, such as a disability, an appointment can be requested. Forms for 2012 income tax All other issues will be handled without an appointment. Forms for 2012 income tax To find the number of your local office, go to www. Forms for 2012 income tax irs. Forms for 2012 income tax gov/localcontacts or look in the phone book under United States Government, Internal Revenue Service. Forms for 2012 income tax Mail. Forms for 2012 income tax You can send your order for forms, instructions, and publications to the address below. Forms for 2012 income tax You should receive a response within 10 days after your request is received. Forms for 2012 income tax Internal Revenue Service1201 N. Forms for 2012 income tax Mitsubishi MotorwayBloomington, IL 61705-6613 DVD for tax products. Forms for 2012 income tax You can order Publication 1796, IRS Tax Products DVD, and obtain: Current-year forms, instructions, and publications. Forms for 2012 income tax Prior-year forms, instructions, and publications. Forms for 2012 income tax Tax Map: an electronic research tool and finding aid. Forms for 2012 income tax Tax law frequently asked questions. Forms for 2012 income tax Tax Topics from the IRS telephone response system. Forms for 2012 income tax Internal Revenue Code—Title 26 of the U. Forms for 2012 income tax S. Forms for 2012 income tax Code. Forms for 2012 income tax Fill-in, print, and save features for most tax forms. Forms for 2012 income tax Internal Revenue Bulletins. Forms for 2012 income tax Toll-free and email technical support. Forms for 2012 income tax Two releases during the year. Forms for 2012 income tax – The first release will ship the beginning of January 2010. Forms for 2012 income tax – The final release will ship the beginning of March 2010. Forms for 2012 income tax Purchase the DVD from National Technical Information Service (NTIS) at www. Forms for 2012 income tax irs. Forms for 2012 income tax gov/cdorders for $30 (no handling fee) or call 1-877-233-6767 toll free to buy the DVD for $30 (plus a $6 handling fee). Forms for 2012 income tax Prev  Up  Next   Home   More Online Publications
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The Nuclear Waste Technical Review Board provides scientific and technical oversight of the Department of Energy's program for managing and disposing of high-level nuclear waste and spent nuclear fuel.

The Forms For 2012 Income Tax

Forms for 2012 income tax 4. Forms for 2012 income tax   Limit on Elective Deferrals Table of Contents Excess elective deferrals. Forms for 2012 income tax General Limit 15-Year RuleYears of Service Figuring the Limit on Elective DeferralsExample The second and final component of MAC is the limit on elective deferrals. Forms for 2012 income tax This is a limit on the amount of contributions that can be made to your account through a salary reduction agreement. Forms for 2012 income tax A salary reduction agreement is an agreement between you and your employer that allows for a portion of your compensation to be directly invested in a 403(b) account on your behalf. Forms for 2012 income tax You can enter into more than one salary reduction agreement during a year. Forms for 2012 income tax More than one 403(b) account. Forms for 2012 income tax If, for any year, elective deferrals are contributed to more than one 403(b) account for you (whether or not with the same employer), you must combine all the elective deferrals to determine whether the total is more than the limit for that year. Forms for 2012 income tax 403(b) plan and another retirement plan. Forms for 2012 income tax If, during the year, contributions in the form of elective deferrals are made to other retirement plans on your behalf, you must combine all of the elective deferrals to determine if they are more than your limit on elective deferrals. Forms for 2012 income tax The limit on elective deferrals applies to amounts contributed to: 401(k) plans, to the extent excluded from income, Roth contribution programs, Section 501(c)(18) plans, to the extent excluded from income, Savings incentive match plan for employees (SIMPLE plans), Simplified employee pension (SEP) plans, and All 403(b) plans. Forms for 2012 income tax Roth contribution program. Forms for 2012 income tax   Your 403(b) plan may allow you to designate all or a portion of your elective deferrals as Roth contributions. Forms for 2012 income tax Elective deferrals designated as Roth contributions must be maintained in a separate Roth account and are not excludable from your gross income. Forms for 2012 income tax   The maximum amount of contributions allowed under a Roth contribution program is your limit on elective deferrals, less your elective deferrals not designated as Roth contributions. Forms for 2012 income tax For more information on the Roth contribution program, see Publication 560, Retirement Plans for Small Business. Forms for 2012 income tax Excess elective deferrals. Forms for 2012 income tax   If the amount contributed is more than the allowable limit, you must include the excess that is not a Roth contribution in your gross income for the year contributed. Forms for 2012 income tax General Limit Under the general limit on elective deferrals, the most that can be contributed to your 403(b) account through a salary reduction agreement is $17,500 for 2013 and 2014. Forms for 2012 income tax This limit applies without regard to community property laws. Forms for 2012 income tax 15-Year Rule If you have at least 15 years of service with an educational organization (such as a public or private school), hospital, home health service agency, health and welfare service agency, church, or convention or association of churches (or associated organization), the limit on elective deferrals to your 403(b) account is increased by the least of: $3,000, $15,000, reduced by the sum of: The additional pre-tax elective deferrals made in prior years because of this rule, plus The aggregate amount of designated Roth contributions permitted for prior years because of this rule, or $5,000 times the number of your years of service for the organization, minus the total elective deferrals made by your employer on your behalf for earlier years. Forms for 2012 income tax If you qualify for the 15-year rule, your elective deferrals under this limit can be as high as $20,500 for 2013 and 2014. Forms for 2012 income tax To determine whether you have 15 years of service with your employer, see Years of Service , next. Forms for 2012 income tax Years of Service To determine if you are eligible for the increased limit on elective deferrals, you will first need to figure your years of service. Forms for 2012 income tax How you figure your years of service depends on whether you were a full-time or a part-time employee, whether you worked for the full year or only part of the year, and whether you have worked for your employer for an entire year. Forms for 2012 income tax You must figure years of service for each year during which you worked for the employer who is maintaining your 403(b) account. Forms for 2012 income tax If more than one employer maintains a 403(b) account for you in the same year, you must figure years of service separately for each employer. Forms for 2012 income tax Definition Your years of service are the total number of years you have worked as a full time employee for the employer maintaining your 403(b) account as of the end of the year. Forms for 2012 income tax Figuring Your Years of Service Take the following rules into account when figuring your years of service. Forms for 2012 income tax Status of employer. Forms for 2012 income tax   Your years of service include only periods during which your employer was a qualified employer. Forms for 2012 income tax Your plan administrator can tell you whether or not your employer was qualified during all your periods of service. Forms for 2012 income tax Service with one employer. Forms for 2012 income tax   Generally, you cannot count service for any employer other than the one who maintains your 403(b) account. Forms for 2012 income tax Church employee. Forms for 2012 income tax   If you are a church employee, treat all of your years of service with related church organizations as years of service with the same employer. Forms for 2012 income tax For more information about church employees, see chapter 5. Forms for 2012 income tax Self-employed ministers. Forms for 2012 income tax   If you are a self-employed minister, your years of service include full and part years in which you have been treated as employed by a tax-exempt organization that is a qualified employer. Forms for 2012 income tax Total years of service. Forms for 2012 income tax   When figuring prior years of service, figure each year individually and then add the individual years of service to determine your total years of service. Forms for 2012 income tax Example. Forms for 2012 income tax The annual work period for full-time teachers employed by ABC Public Schools is September through December and February through May. Forms for 2012 income tax Marsha began working with ABC schools in September 2009. Forms for 2012 income tax She has always worked full-time for each annual work period. Forms for 2012 income tax At the end of 2013, Marsha had 4. Forms for 2012 income tax 5 years of service with ABC Public Schools, as shown in Table 4-1. Forms for 2012 income tax Table 4-1. Forms for 2012 income tax Marsha's Years of Service Note. Forms for 2012 income tax This table shows how Marsha figures her years of service, as explained in the previous example. Forms for 2012 income tax Year Period Worked Portion of Work Period Years of Service 2009 Sept. Forms for 2012 income tax –Dec. Forms for 2012 income tax . Forms for 2012 income tax 5 year . Forms for 2012 income tax 5 year 2010 Feb. Forms for 2012 income tax –May . Forms for 2012 income tax 5 year 1 year Sept. Forms for 2012 income tax –Dec. Forms for 2012 income tax . Forms for 2012 income tax 5 year 2011 Feb. Forms for 2012 income tax –May . Forms for 2012 income tax 5 year 1 year Sept. Forms for 2012 income tax –Dec. Forms for 2012 income tax . Forms for 2012 income tax 5 year 2012 Feb. Forms for 2012 income tax –May . Forms for 2012 income tax 5 year 1 year Sept. Forms for 2012 income tax –Dec. Forms for 2012 income tax . Forms for 2012 income tax 5 year 2013 Feb. Forms for 2012 income tax –May . Forms for 2012 income tax 5 year 1 year Sept. Forms for 2012 income tax –Dec. Forms for 2012 income tax . Forms for 2012 income tax 5 year Total years of service 4. Forms for 2012 income tax 5 years Full-time or part-time. Forms for 2012 income tax   To figure your years of service, you must analyze each year individually and determine whether you worked full-time for the full year or something other than full-time. Forms for 2012 income tax When determining whether you worked full-time or something other than full-time, use your employer's annual work period as the standard. Forms for 2012 income tax Employer's annual work period. Forms for 2012 income tax   Your employer's annual work period is the usual amount of time an individual working full-time in a specific position is required to work. Forms for 2012 income tax Generally, this period of time is expressed in days, weeks, months, or semesters, and can span 2 calendar years. Forms for 2012 income tax Note. Forms for 2012 income tax You cannot accumulate more than 1 year of service in a 12-month period. Forms for 2012 income tax Example. Forms for 2012 income tax All full-time teachers at ABC Public Schools are required to work both the September through December semester and the February through May semester. Forms for 2012 income tax Therefore, the annual work period for full-time teachers employed by ABC Public Schools is September through December and February through May. Forms for 2012 income tax Teachers at ABC Public Schools who work both semesters in the same calendar year are considered working a full year of service in that calendar year. Forms for 2012 income tax Full-Time Employee for the Full Year Count each full year during which you were employed full-time as 1 year of service. Forms for 2012 income tax In determining whether you were employed full-time, compare the amount of work you were required to perform with the amount of work normally required of others who held the same position with the same employer and who generally received most of their pay from the position. Forms for 2012 income tax How to compare. Forms for 2012 income tax   You can use any method that reasonably and accurately reflects the amount of work required. Forms for 2012 income tax For example, if you are a teacher, you can use the number of hours of classroom instruction as a measure of the amount of work required. Forms for 2012 income tax   In determining whether positions with the same employer are the same, consider all of the facts and circumstances concerning the positions, including the work performed, the methods by which pay is determined, and the descriptions (or titles) of the positions. Forms for 2012 income tax Example. Forms for 2012 income tax An assistant professor employed in the English department of a university will be considered a full-time employee if the amount of work that he or she is required to perform is the same as the amount of work normally required of assistant professors of English at that university who get most of their pay from that position. Forms for 2012 income tax   If no one else works for your employer in the same position, compare your work with the work normally required of others who held the same position with similar employers or similar positions with your employer. Forms for 2012 income tax Full year of service. Forms for 2012 income tax   A full year of service for a particular position means the usual annual work period of anyone employed full-time in that general type of work at that place of employment. Forms for 2012 income tax Example. Forms for 2012 income tax If a doctor works for a hospital 12 months of a year except for a 1-month vacation, the doctor will be considered as employed for a full year if the other doctors at that hospital also work 11 months of the year with a 1-month vacation. Forms for 2012 income tax Similarly, if the usual annual work period at a university consists of the fall and spring semesters, an instructor at that university who teaches these semesters will be considered as working a full year. Forms for 2012 income tax Other Than Full-Time for the Full Year If, during any year, you were employed full-time for only part of your employer's annual work period, part-time for the entire annual work period, or part-time for only part of the work period, your year of service for that year is a fraction of your employer's annual work period. Forms for 2012 income tax Full-time for part of the year. Forms for 2012 income tax   If, during a year, you were employed full-time for only part of your employer's annual work period, figure the fraction for that year as follows: The numerator (top number) is the number of weeks, months, or semesters you were a full-time employee. Forms for 2012 income tax The denominator (bottom number) is the number of weeks, months, or semesters considered the normal annual work period for the position. Forms for 2012 income tax Example. Forms for 2012 income tax Jason was employed as a full-time instructor by a local college for the 4 months of the 2013 spring semester (February 2013 through May 2013). Forms for 2012 income tax The annual work period for the college is 8 months (February through May and July through October). Forms for 2012 income tax Given these facts, Jason was employed full-time for part of the annual work period and provided ½ of a year of service. Forms for 2012 income tax Jason's years of service computation for 2013 is as follows: Number of months Jason worked = 4 = 1 Number of months in annual work period 8 2 Part-time for the full year. Forms for 2012 income tax   If, during a year, you were employed part-time for the employer's entire annual work period, you figure the fraction for that year as follows: The numerator (top number) is the number of hours or days you worked. Forms for 2012 income tax The denominator (bottom number) is the number of hours or days normally required of someone holding the same position who works full-time. Forms for 2012 income tax Example. Forms for 2012 income tax Vance teaches one course at a local medical school. Forms for 2012 income tax He teaches 3 hours per week for two semesters. Forms for 2012 income tax Other faculty members at the same school teach 9 hours per week for two semesters. Forms for 2012 income tax The annual work period of the medical school is two semesters. Forms for 2012 income tax An instructor teaching 9 hours a week for two semesters is considered a full-time employee. Forms for 2012 income tax Given these facts, Vance has worked part-time for a full annual work period. Forms for 2012 income tax Vance has completed 1/3 of a year of service, figured as shown below. Forms for 2012 income tax Number of hours per week Vance worked = 3 = 1 Number of hours per week considered full-time 9 3 Part-time for part of the year. Forms for 2012 income tax   If, during any year, you were employed part-time for only part of your employer's annual work period, you figure your fraction for that year by multiplying two fractions. Forms for 2012 income tax   Figure the first fraction as though you had worked full-time for part of the annual work period. Forms for 2012 income tax The fraction is as follows: The numerator (top number) is the number of weeks, months, or semesters you were a full-time employee. Forms for 2012 income tax The denominator (bottom number) is the number of weeks, months, or semesters considered the normal annual work period for the position. Forms for 2012 income tax   Figure the second fraction as though you had worked part-time for the entire annual work period. Forms for 2012 income tax The fraction is as follows: The numerator (top number) is the number of hours or days you worked. Forms for 2012 income tax The denominator (bottom number) is the number of hours or days normally required of someone holding the same position who works full-time. Forms for 2012 income tax   Once you have figured these two fractions, multiply them together to determine the fraction representing your partial year of service for the year. Forms for 2012 income tax Example. Forms for 2012 income tax Maria, an attorney, teaches a course for one semester at a law school. Forms for 2012 income tax She teaches 3 hours per week. Forms for 2012 income tax The annual work period for teachers at the school is two semesters. Forms for 2012 income tax All full-time instructors at the school are required to teach 12 hours per week. Forms for 2012 income tax Based on these facts, Maria is employed part-time for part of the annual work period. Forms for 2012 income tax Her year of service for this year is determined by multiplying two fractions. Forms for 2012 income tax Her computation is as follows: Maria's first fraction Number of semesters Maria worked = 1 Number of semesters in annual work period 2 Maria's second fraction Number of hours Maria worked per week = 3 = 1 Number of hours per week considered full-time 12 4 Maria would multiply these fractions to obtain the fractional year of service: 1 x 1 = 1         2 4 8         Figuring the Limit on Elective Deferrals You can use Part II of Worksheet 1 in chapter 9 to figure the limit on elective deferrals. Forms for 2012 income tax Example Floyd has figured his limit on annual additions. Forms for 2012 income tax The only other component needed before he can determine his MAC for 2014 is his limit on elective deferrals. Forms for 2012 income tax Figuring Floyd's limit on elective deferrals. Forms for 2012 income tax   Floyd has been employed with his current employer for less than 15 years. Forms for 2012 income tax He is not eligible for the special 15-year increase. Forms for 2012 income tax Therefore, his limit on elective deferrals for 2014 is $17,500 as shown in Table 4-2. Forms for 2012 income tax Floyd's employer will not make any nonelective contributions to his 403(b) account and Floyd will not make any after-tax contributions. Forms for 2012 income tax Additionally, Floyd's employer does not offer a Roth contribution program. Forms for 2012 income tax Figuring Floyd's MAC Floyd has determined that his limit on annual additions for 2014 is $52,000 and his limit on elective deferrals is $17,500. Forms for 2012 income tax Because elective deferrals are the only contributions made to Floyd's account, the maximum amount that can be contributed to a 403(b) account on Floyd's behalf in 2014 is $17,500, the lesser of both limits. Forms for 2012 income tax Table 4-2. Forms for 2012 income tax Worksheet 1. Forms for 2012 income tax Maximum Amount Contributable (MAC) Note. Forms for 2012 income tax Use this worksheet to figure your MAC. Forms for 2012 income tax Part I. Forms for 2012 income tax Limit on Annual Additions     1. Forms for 2012 income tax Enter your includible compensation for your most recent year of service 1. Forms for 2012 income tax $70,475 2. Forms for 2012 income tax Maximum: For 2013 enter $51,000 For 2014 enter $52,000 2. Forms for 2012 income tax 52,000 3. Forms for 2012 income tax Enter the lesser of line 1 or line 2. Forms for 2012 income tax This is your limit on annual additions 3. Forms for 2012 income tax 52,000   Caution: If you had only nonelective contributions, skip Part II and enter the amount from line 3 on line 18. Forms for 2012 income tax     Part II. Forms for 2012 income tax Limit on Elective Deferrals     4. Forms for 2012 income tax Maximum contribution: For 2013, enter $17,500 For 2014, enter $17,500 4. Forms for 2012 income tax 17,500   Note. Forms for 2012 income tax If you have at least 15 years of service with a qualifying organization, complete lines 5 through 17. Forms for 2012 income tax If not, enter zero (-0-) on line 16 and go to line 17. Forms for 2012 income tax     5. Forms for 2012 income tax Amount per year of service 5. Forms for 2012 income tax 5,000 6. Forms for 2012 income tax Enter your years of service 6. Forms for 2012 income tax   7. Forms for 2012 income tax Multiply line 5 by line 6 7. Forms for 2012 income tax   8. Forms for 2012 income tax Enter the total of all elective deferrals made for you by the qualifying organization for prior years 8. Forms for 2012 income tax   9. Forms for 2012 income tax Subtract line 8 from line 7. Forms for 2012 income tax If zero or less, enter zero (-0-) 9. Forms for 2012 income tax   10. Forms for 2012 income tax Maximum increase in limit for long service 10. Forms for 2012 income tax 15,000 11. Forms for 2012 income tax Enter the total of additional pre-tax elective deferrals made in prior years under the 15-year rule 11. Forms for 2012 income tax   12. Forms for 2012 income tax Enter the aggregate amount of all designated Roth contributions permitted for prior years under the 15-year rule 12. Forms for 2012 income tax   13. Forms for 2012 income tax Add lines 11 and 12 13. Forms for 2012 income tax   14. Forms for 2012 income tax Subtract line 13 from line 10 14. Forms for 2012 income tax   15. Forms for 2012 income tax Maximum additional contributions 15. Forms for 2012 income tax 3,000 16. Forms for 2012 income tax Enter the least of lines 9, 14, or 15. Forms for 2012 income tax This is your increase in the limit for long service 16. Forms for 2012 income tax -0- 17. Forms for 2012 income tax Add lines 4 and 16. Forms for 2012 income tax This is your limit on elective deferrals 17. Forms for 2012 income tax 17,500   Part III. Forms for 2012 income tax Maximum Amount Contributable     18. Forms for 2012 income tax If you had only nonelective contributions, enter the amount from line 3. Forms for 2012 income tax This is your MAC. Forms for 2012 income tax    If you had only elective deferrals, enter the lesser of lines 3 or 17. Forms for 2012 income tax This is your MAC. Forms for 2012 income tax    If you had both elective deferrals and nonelective contributions, enter the amount from line 3. Forms for 2012 income tax This is your MAC. Forms for 2012 income tax (Use the amount on line 17 to determine if you have excess elective deferrals as explained in chapter 7. Forms for 2012 income tax ) 18. Forms for 2012 income tax $17,500 Prev  Up  Next   Home   More Online Publications