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Free Federal And State Taxes

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Free Federal And State Taxes

Free federal and state taxes Index A Alimony paid, Alimony paid. Free federal and state taxes Alimony received, Alimony received. Free federal and state taxes Annulment, Divorce or separation. Free federal and state taxes Assistance (see Tax help) B Basis of property, death of spouse, Death of spouse. Free federal and state taxes Business expenses, Business and investment expenses. Free federal and state taxes C Child tax credit, Child tax credit. Free federal and state taxes Civil service annuities, Civil service retirement. Free federal and state taxes Community income defined, Community or Separate Property and Income Community income, special rules, Certain community income not treated as community income by one spouse. Free federal and state taxes Community property defined, Community or Separate Property and Income Community property laws disregarded, Community Property Laws Disregarded Credits Child tax credit, Credits, Taxes, and Payments Earned income credit, Earned income credit. Free federal and state taxes CSRS annuities, Civil service retirement. Free federal and state taxes D Death of spouse, basis of property, Death of spouse. Free federal and state taxes Deductions Alimony paid, Deductions Business expenses, Deductions Investment expenses, Deductions IRA deduction, Deductions Personal expenses, Deductions Dependents, Exemptions Dividends, Dividends, interest, and rents. Free federal and state taxes Divorce, Divorce or separation. Free federal and state taxes Domestic partners, Registered domestic partners. Free federal and state taxes Domicile, Domicile E Earned income credit, Earned income credit. Free federal and state taxes End of the marital community, End of the Community Equitable relief, Equitable relief. Free federal and state taxes ESA withdrawals, Withdrawals from individual retirement arrangements (IRAs) and Coverdell Education Savings Accounts (ESAs). Free federal and state taxes Estimated tax payments, Estimated tax payments. Free federal and state taxes Exempt income, Tax-exempt income. Free federal and state taxes Exemptions Dependent, Exemptions Personal, Exemptions Extensions, Extension of time to file. Free federal and state taxes F FERS annuities, Civil service retirement. Free federal and state taxes Form 8958, Community or Separate Property and Income, Identifying Income, Deductions, and Credits, Dividends, interest, and rents. Free federal and state taxes , Separate Return Preparation Free tax services, Free help with your tax return. Free federal and state taxes G Gains and losses, Gains and losses. Free federal and state taxes H Help (see Tax help) I Income Alimony received, Income Civil service annuities, Income Dividends, Income Gains and losses, Income Interest, Income IRA distributions, Income Lump-sum distributions, Income Military retirement pay, Income Partnership income, Income Pensions, Income Rents, Income Separate income, Income from separate property. Free federal and state taxes Tax-exempt income, Income Wages, earnings, and profits, Income Innocent spouse relief, Relief from liability arising from community property law. Free federal and state taxes , Equitable relief. Free federal and state taxes Interest, Dividends, interest, and rents. Free federal and state taxes Investment expenses, Business and investment expenses. Free federal and state taxes IRA deduction, IRA deduction. Free federal and state taxes IRA distributions, Withdrawals from individual retirement arrangements (IRAs) and Coverdell Education Savings Accounts (ESAs). Free federal and state taxes J Joint return vs. Free federal and state taxes separate returns, Joint Return Versus Separate Returns L Lump-sum distributions, Lump-sum distributions. Free federal and state taxes M Military retirement pay, Military retirement pay. Free federal and state taxes N Nonresident alien spouse, Nonresident alien spouse. Free federal and state taxes O Overpayments, Overpayments. Free federal and state taxes P Partnership income, Partnership income. Free federal and state taxes Partnerships, self-employment tax, Partnerships. Free federal and state taxes Payments Estimated tax payments, Estimated tax payments. Free federal and state taxes Federal income tax withheld, Federal income tax withheld. Free federal and state taxes Pensions, Pensions. Free federal and state taxes Personal expenses, Personal expenses. Free federal and state taxes Publications (see Tax help) R Registered domestic partners, Registered domestic partners. Free federal and state taxes Relief from liability arising from community property law, Relief from liability arising from community property law. Free federal and state taxes Rents, Dividends, interest, and rents. Free federal and state taxes S Self-employment tax Partnership, Self-employment tax. Free federal and state taxes Sole proprietorship, Self-employment tax. Free federal and state taxes Separate income defined, Separate income. Free federal and state taxes Separate property defined, Community or Separate Property and Income Separate property income, Income from separate property. Free federal and state taxes Separate returns Extensions, Extension of time to file. Free federal and state taxes Separate returns vs. Free federal and state taxes joint return, Joint Return Versus Separate Returns Separated spouses, Spouses living apart all year. Free federal and state taxes Separation agreement, Divorce or separation. Free federal and state taxes Sole proprietorship, self-employment tax, Sole proprietorship. Free federal and state taxes Spousal agreements, Spousal agreements. Free federal and state taxes Spouses living apart, Spouses living apart all year. Free federal and state taxes T Tax help, How To Get Tax Help Tax-exempt income, Tax-exempt income. Free federal and state taxes TTY/TDD information, How To Get Tax Help W Wages, earnings, and profits, Wages, earnings, and profits. Free federal and state taxes Withholding tax, Federal income tax withheld. Free federal and state taxes Prev  Up     Home   More Online Publications
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TEB Financial Restructuring Compliance

To promote voluntary compliance with federal tax laws, Tax Exempt Bonds (TEB) has compiled material to educate and assist issuers and conduit borrowers as they navigate the hazards of defaulted or distressed tax-exempt, tax credit or direct pay debt. Note, however, that these materials should not be relied upon as legal authority. The Internal Revenue Code and applicable regulations are complex and these materials do not address every situation.

Information on Reissuance of Obligations

Actions taken with respect to defaulted or distressed debt can inadvertently trigger a reissuance for federal tax purposes leading to the loss of tax exemption for the debt (or, in the case of tax credit or direct pay bonds, loss of the credit or subsidy). The reissuance rules apply to all tax-exempt, tax credit and direct pay bonds from a large bond issue to a small lease entered into to purchase equipment (for example, police cars) to a note held by a local bank.

  • Reissuance of Tax Exempt Obligations: Some Basic Concepts provides an educational overview on reissuance.
  • A Reissuance Lesson, part of IRS training materials, discusses situations in which post-issuance changes in the terms of an obligation cause a deemed reissuance. It also discusses the extinguishment of bonds and certain temporary relief provided to issuers who acquire and hold their own bonds.
  • Our Reissuance Contact Letter, mailed to some issuers as part of our education and outreach efforts, summarizes some of the causes and consequences of inadvertent reissuance.

Information on Sales or Leases of Bond-Financed Property

In addition to reissuance, the sale or lease of property financed with tax-exempt bonds may make the bonds taxable or, in the case of tax credit or direct pay bonds, cause a loss of the credit or subsidy.  Such actions can result in noncompliance with the qualified use requirements jeopardizing the tax-advantaged status of the bonds financing the property.  However, certain self-correction options are available to remediate such noncompliance.

Whatever the violation, TEB encourages voluntary compliance  (including the VCAP Program)  as a vehicle for expeditiously correcting self-discovered problems in bond issuances.

If you have questions, email them to TEB and indicate "Financial Restructuring" in the subject line.  Be sure to include your name, telephone number and the best time to reach you, as we may reply to your questions by telephone.

Page Last Reviewed or Updated: 04-Sep-2013

The Free Federal And State Taxes

Free federal and state taxes Internal Revenue Bulletin:  2013-12  March 18, 2013  Rev. Free federal and state taxes Proc. Free federal and state taxes 2013-21 Table of Contents SECTION 1. Free federal and state taxes PURPOSE SECTION 2. Free federal and state taxes BACKGROUND SECTION 3. Free federal and state taxes SCOPE SECTION 4. Free federal and state taxes APPLICATION. Free federal and state taxes 01 Limitations on Depreciation Deductions for Certain Automobiles. Free federal and state taxes . Free federal and state taxes 02 Inclusions in Income of Lessees of Passenger Automobiles. Free federal and state taxes SECTION 5. Free federal and state taxes EFFECTIVE DATE SECTION 6. Free federal and state taxes DRAFTING INFORMATION SECTION 1. Free federal and state taxes PURPOSE This revenue procedure provides: (1) limitations on depreciation deductions for owners of passenger automobiles first placed in service by the taxpayer during calendar year 2013, including separate tables of limitations on depreciation deductions for trucks and vans; and (2) the amounts that must be included in income by lessees of passenger automobiles first leased by the taxpayer during calendar year 2013, including a separate table of inclusion amounts for lessees of trucks and vans. Free federal and state taxes The tables detailing these depreciation limitations and lessee inclusion amounts reflect the automobile price inflation adjustments required by § 280F(d)(7) of the Internal Revenue Code. Free federal and state taxes SECTION 2. Free federal and state taxes BACKGROUND . Free federal and state taxes 01 For owners of passenger automobiles, § 280F(a) imposes dollar limitations on the depreciation deduction for the year the taxpayer places the passenger automobile in service and for each succeeding year. Free federal and state taxes For passenger automobiles placed in service after 1988, § 280F(d)(7) requires the Internal Revenue Service to increase the amounts allowable as depreciation deductions by a price inflation adjustment amount. Free federal and state taxes The method of calculating this price inflation amount for trucks and vans placed in service in or after calendar year 2003 uses a different CPI “automobile component” (the “new trucks” component) than that used in the price inflation amount calculation for other passenger automobiles (the “new cars” component), resulting in somewhat higher depreciation deductions for trucks and vans. Free federal and state taxes This change reflects the higher rate of price inflation for trucks and vans since 1988. Free federal and state taxes . Free federal and state taxes 02 Section 331(a) of the American Taxpayer Relief Act of 2012, Pub. Free federal and state taxes L. Free federal and state taxes No. Free federal and state taxes 112-240, 126 Stat. Free federal and state taxes 2313 (Jan. Free federal and state taxes 2, 2013) (the “Act”) extended the 50 percent additional first year depreciation deduction under § 168(k) to qualified property acquired by the taxpayer after December 31, 2007, and before January 1, 2014, if no written binding contract for the acquisition of the property existed before January 1, 2008, and if the taxpayer places the property in service generally before January 1, 2014. Free federal and state taxes Section 168(k)(2)(F)(i) increases the first year depreciation allowed under § 280F(a)(1)(A)(i) by $8,000 for passenger automobiles to which the additional first year depreciation deduction under § 168(k) (hereinafter, referred to as “§ 168(k) additional first year depreciation deduction”) applies. Free federal and state taxes . Free federal and state taxes 03 Section 168(k)(2)(D)(i) provides that the § 168(k) additional first year depreciation deduction does not apply to any property required to be depreciated under the alternative depreciation system of § 168(g), including property described in § 280F(b)(1). Free federal and state taxes Section 168(k)(2)(D)(iii) permits a taxpayer to elect out of the § 168(k) additional first year depreciation deduction for any class of property. Free federal and state taxes Section 168(k)(4), as amended by the Act, permits a corporation to elect to increase the alternative minimum tax (“AMT”) credit limitation under § 53(c), instead of claiming the § 168(k) additional first year depreciation deduction for all eligible qualified property placed in service after December 31, 2012, that is round 3 extension property (as defined in § 168(k)(4)(J)(iv)). Free federal and state taxes Accordingly, this revenue procedure provides tables for passenger automobiles for which the § 168(k) additional first year depreciation deduction applies. Free federal and state taxes This revenue procedure also provides tables for passenger automobiles for which the § 168(k) additional first year depreciation deduction does not apply, either because taxpayer: (1) purchased the passenger automobile used; (2) did not use the passenger automobile during 2013 more than 50 percent for business purposes; (3) elected out of the § 168(k) additional first year depreciation deduction pursuant to § 168(k)(2)(D)(iii); or (4) elected to increase the § 53 AMT credit limitation in lieu of claiming § 168(k) additional first year depreciation. Free federal and state taxes . Free federal and state taxes 04 Section 280F(c) requires a reduction in the deduction allowed to the lessee of a leased passenger automobile. Free federal and state taxes The reduction must be substantially equivalent to the limitations on the depreciation deductions imposed on owners of passenger automobiles. Free federal and state taxes Under § 1. Free federal and state taxes 280F-7(a) of the Income Tax Regulations, this reduction requires a lessee to include in gross income an amount determined by applying a formula to the amount obtained from a table. Free federal and state taxes One table applies to lessees of trucks and vans and another table applies to all other passenger automobiles. Free federal and state taxes Each table shows inclusion amounts for a range of fair market values for each taxable year after the passenger automobile is first leased. Free federal and state taxes SECTION 3. Free federal and state taxes SCOPE . Free federal and state taxes 01 The limitations on depreciation deductions in section 4. Free federal and state taxes 01(2) of this revenue procedure apply to passenger automobiles (other than leased passenger automobiles) that are placed in service by the taxpayer in calendar year 2013, and continue to apply for each taxable year that the passenger automobile remains in service. Free federal and state taxes . Free federal and state taxes 02 The tables in section 4. Free federal and state taxes 02 of this revenue procedure apply to leased passenger automobiles for which the lease term begins during calendar year 2013. Free federal and state taxes Lessees of these passenger automobiles must use these tables to determine the inclusion amount for each taxable year during which the passenger automobile is leased. Free federal and state taxes See Rev. Free federal and state taxes Proc. Free federal and state taxes 2008-22, 2008-1 C. Free federal and state taxes B. Free federal and state taxes 658, for passenger automobiles first leased during calendar year 2008; Rev. Free federal and state taxes Proc. Free federal and state taxes 2009-24, 2009-17 I. Free federal and state taxes R. Free federal and state taxes B. Free federal and state taxes 885, for passenger automobiles first leased during calendar year 2009; Rev. Free federal and state taxes Proc. Free federal and state taxes 2010-18, 2010-09 I. Free federal and state taxes R. Free federal and state taxes B. Free federal and state taxes 427, as amplified and modified by section 4. Free federal and state taxes 03 of Rev. Free federal and state taxes Proc. Free federal and state taxes 2011-21, 2011-12 I. Free federal and state taxes R. Free federal and state taxes B. Free federal and state taxes 560, for passenger automobiles first leased during calendar year 2010; Rev. Free federal and state taxes Proc. Free federal and state taxes 2011-21, for passenger automobiles first leased during calendar year 2011; and Rev. Free federal and state taxes Proc. Free federal and state taxes 2012-23, 2012-14 I. Free federal and state taxes R. Free federal and state taxes B. Free federal and state taxes 712, for passenger automobiles first leased during calendar year 2012. Free federal and state taxes SECTION 4. Free federal and state taxes APPLICATION . Free federal and state taxes 01 Limitations on Depreciation Deductions for Certain Automobiles. Free federal and state taxes (1) Amount of the inflation adjustment. Free federal and state taxes (a) Passenger automobiles (other than trucks or vans). Free federal and state taxes Under § 280F(d)(7)(B)(i), the automobile price inflation adjustment for any calendar year is the percentage (if any) by which the CPI automobile component for October of the preceding calendar year exceeds the CPI automobile component for October 1987. Free federal and state taxes Section 280F(d)(7)(B)(ii) defines the term “CPI automobile component” as the automobile component of the Consumer Price Index for all Urban Consumers published by the Department of Labor. Free federal and state taxes The new car component of the CPI was 115. Free federal and state taxes 2 for October 1987 and 143. Free federal and state taxes 787 for October 2012. Free federal and state taxes The October 2012 index exceeded the October 1987 index by 28. Free federal and state taxes 587. Free federal and state taxes Therefore, the automobile price inflation adjustment for 2013 for passenger automobiles (other than trucks and vans) is 24. Free federal and state taxes 8 percent (28. Free federal and state taxes 587/115. Free federal and state taxes 2 x 100%). Free federal and state taxes The dollar limitations in § 280F(a) are multiplied by a factor of 0. Free federal and state taxes 248, and the resulting increases, after rounding to the nearest $100, are added to the 1988 limitations to give the depreciation limitations applicable to passenger automobiles (other than trucks and vans) for calendar year 2013. Free federal and state taxes This adjustment applies to all passenger automobiles (other than trucks and vans) that are first placed in service in calendar year 2013. Free federal and state taxes (b) Trucks and vans. Free federal and state taxes To determine the dollar limitations for trucks and vans first placed in service during calendar year 2013, the Service uses the new truck component of the CPI instead of the new car component. Free federal and state taxes The new truck component of the CPI was 112. Free federal and state taxes 4 for October 1987 and 149. Free federal and state taxes 386 for October 2012. Free federal and state taxes The October 2012 index exceeded the October 1987 index by 36. Free federal and state taxes 986. Free federal and state taxes Therefore, the automobile price inflation adjustment for 2013 for trucks and vans is 32. Free federal and state taxes 9 percent (36. Free federal and state taxes 986/112. Free federal and state taxes 4 x 100%). Free federal and state taxes The dollar limitations in § 280F(a) are multiplied by a factor of 0. Free federal and state taxes 329, and the resulting increases, after rounding to the nearest $100, are added to the 1988 limitations to give the depreciation limitations for trucks and vans. Free federal and state taxes This adjustment applies to all trucks and vans that are first placed in service in calendar year 2013. Free federal and state taxes (2) Amount of the limitation. Free federal and state taxes Tables 1 through 4 contain the dollar amount of the depreciation limitation for each taxable year for passenger automobiles a taxpayer places in service in calendar year 2013. Free federal and state taxes Use Table 1 for a passenger automobile (other than a truck or van), and Table 2 for a truck or van, placed in service in calendar year 2013 for which the § 168(k) additional first year depreciation deduction applies. Free federal and state taxes Use Table 3 for a passenger automobile (other than a truck or van), and Table 4 for a truck or van, placed in service in calendar year 2013 for which the § 168(k) additional first year depreciation deduction does not apply. Free federal and state taxes REV. Free federal and state taxes PROC. Free federal and state taxes 2013-21 TABLE 1 DEPRECIATION LIMITATIONS FOR PASSENGER AUTOMOBILES (THAT ARE NOT TRUCKS OR VANS) PLACED IN SERVICE IN CALENDAR YEAR 2013 FOR WHICH THE § 168(k) ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION APPLIES Tax Year Amount 1st Tax Year $11,160 2nd Tax Year $5,100 3rd Tax Year $3,050 Each Succeeding Year $1,875 REV. Free federal and state taxes PROC. Free federal and state taxes 2013-21 TABLE 2 DEPRECIATION LIMITATIONS FOR TRUCKS AND VANS PLACED IN SERVICE IN CALENDAR YEAR 2013 FOR WHICH THE § 168(k) ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION APPLIES Tax Year Amount 1st Tax Year $11,360 2nd Tax Year $5,400 3rd Tax Year $3,250 Each Succeeding Year $1,975 REV. Free federal and state taxes PROC. Free federal and state taxes 2013-21 TABLE 3 DEPRECIATION LIMITATIONS FOR PASSENGER AUTOMOBILES (THAT ARE NOT TRUCKS OR VANS) PLACED IN SERVICE IN CALENDAR YEAR 2013 FOR WHICH THE § 168(k) ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION DOES NOT APPLY Tax Year Amount 1st Tax Year $3,160 2nd Tax Year $5,100 3rd Tax Year $3,050 Each Succeeding Year $1,875 REV. Free federal and state taxes PROC. Free federal and state taxes 2013-21 TABLE 4 DEPRECIATION LIMITATIONS FOR TRUCKS AND VANS PLACED IN SERVICE IN CALENDAR YEAR 2013 FOR WHICH THE § 168(k) ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION DOES NOT APPLY Tax Year Amount 1st Tax Year $3,360 2nd Tax Year $5,400 3rd Tax Year $3,250 Each Succeeding Year $1,975 . Free federal and state taxes 02 Inclusions in Income of Lessees of Passenger Automobiles. Free federal and state taxes A taxpayer must follow the procedures in § 1. Free federal and state taxes 280F-7(a) for determining the inclusion amounts for passenger automobiles first leased in calendar year 2013. Free federal and state taxes In applying these procedures, lessees of passenger automobiles other than trucks and vans should use Table 5 of this revenue procedure, while lessees of trucks and vans should use Table 6 of this revenue procedure. Free federal and state taxes REV. Free federal and state taxes PROC. Free federal and state taxes 2013-21 TABLE 5 DOLLAR AMOUNTS FOR PASSENGER AUTOMOBILES (THAT ARE NOT TRUCKS OR VANS) WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2013 Fair Market Value of Passenger Automobile Tax Year During Lease Over Not Over 1st 2nd 3rd 4th 5th & later $19,000 $19,500 2 4 6 7 8 19,500 20,000 2 5 6 9 9 20,000 20,500 2 5 8 9 11 20,500 21,000 3 6 8 10 12 21,000 21,500 3 6 10 11 13 21,500 22,000 3 7 10 13 14 22,000 23,000 4 8 11 14 16 23,000 24,000 4 9 14 16 18 24,000 25,000 5 10 15 18 21 25,000 26,000 5 12 16 21 23 26,000 27,000 6 12 19 23 25 27,000 28,000 6 14 20 25 28 28,000 29,000 7 15 22 27 30 29,000 30,000 7 16 24 29 33 30,000 31,000 8 17 26 31 35 31,000 32,000 8 19 27 33 38 32,000 33,000 9 20 29 35 40 33,000 34,000 10 21 31 37 43 34,000 35,000 10 22 33 39 45 35,000 36,000 11 23 35 41 48 36,000 37,000 11 25 36 43 50 37,000 38,000 12 26 38 45 53 38,000 39,000 12 27 40 47 55 39,000 40,000 13 28 42 49 58 40,000 41,000 13 29 44 52 59 41,000 42,000 14 30 45 54 63 42,000 43,000 14 32 47 56 64 43,000 44,000 15 33 48 59 67 44,000 45,000 15 34 51 60 69 45,000 46,000 16 35 52 63 72 46,000 47,000 17 36 54 65 74 47,000 48,000 17 38 55 67 77 48,000 49,000 18 39 57 69 79 49,000 50,000 18 40 59 71 82 50,000 51,000 19 41 61 73 84 51,000 52,000 19 42 63 75 87 52,000 53,000 20 43 65 77 89 53,000 54,000 20 45 66 79 92 54,000 55,000 21 46 68 81 94 55,000 56,000 21 47 70 84 96 56,000 57,000 22 48 72 85 99 57,000 58,000 22 50 73 88 101 58,000 59,000 23 51 75 90 103 59,000 60,000 24 52 76 92 106 60,000 62,000 24 54 79 95 110 62,000 64,000 25 56 83 99 115 64,000 66,000 27 58 87 103 120 66,000 68,000 28 60 90 108 125 68,000 70,000 29 63 93 112 130 70,000 72,000 30 65 97 117 134 72,000 74,000 31 68 100 121 139 74,000 76,000 32 70 104 125 144 76,000 78,000 33 73 107 129 149 78,000 80,000 34 75 111 133 154 80,000 85,000 36 79 117 141 162 85,000 90,000 39 85 126 151 174 90,000 95,000 41 91 135 162 186 95,000 100,000 44 97 144 172 199 100,000 110,000 48 106 157 188 217 110,000 120,000 53 118 174 210 241 120,000 130,000 59 129 193 230 266 130,000 140,000 64 141 210 252 290 140,000 150,000 70 153 227 273 315 150,000 160,000 75 165 245 294 339 160,000 170,000 80 177 263 315 363 170,000 180,000 86 189 280 336 388 180,000 190,000 91 201 298 357 412 190,000 200,000 97 212 316 378 436 200,000 210,000 102 224 333 400 461 210,000 220,000 107 236 351 420 486 220,000 230,000 113 248 368 442 509 230,000 240,000 118 260 386 463 534 240,000 And up 124 272 403 484 558 REV. Free federal and state taxes PROC. Free federal and state taxes 2013-21 TABLE 6 DOLLAR AMOUNTS FOR TRUCKS AND VANS WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2013 Fair Market Value of Truck or Van Tax Year During Lease Over Not Over 1st 2nd 3rd 4th 5th & later $19,000 $19,500 1 3 4 5 6 19,500 20,000 2 3 5 6 7 20,000 20,500 2 4 6 7 8 20,500 21,000 2 5 7 8 9 21,000 21,500 2 5 8 9 11 21,500 22,000 3 6 8 10 12 22,000 23,000 3 7 10 11 14 23,000 24,000 4 8 11 14 16 24,000 25,000 4 9 14 16 18 25,000 26,000 5 10 15 18 21 26,000 27,000 5 12 17 20 23 27,000 28,000 6 13 18 23 25 28,000 29,000 6 14 20 25 28 29,000 30,000 7 15 22 27 30 30,000 31,000 7 16 24 29 33 31,000 32,000 8 17 26 31 35 32,000 33,000 8 19 27 33 38 33,000 34,000 9 20 29 35 41 34,000 35,000 10 21 31 37 43 35,000 36,000 10 22 33 39 46 36,000 37,000 11 23 35 41 48 37,000 38,000 11 25 36 43 51 38,000 39,000 12 26 38 45 53 39,000 40,000 12 27 40 48 55 40,000 41,000 13 28 42 49 58 41,000 42,000 13 29 44 52 60 42,000 43,000 14 30 46 54 62 43,000 44,000 14 32 47 56 65 44,000 45,000 15 33 48 59 67 45,000 46,000 15 34 51 60 70 46,000 47,000 16 35 52 63 72 47,000 48,000 17 36 54 65 74 48,000 49,000 17 38 55 67 77 49,000 50,000 18 39 57 69 79 50,000 51,000 18 40 59 71 82 51,000 52,000 19 41 61 73 84 52,000 53,000 19 42 63 75 87 53,000 54,000 20 43 65 77 89 54,000 55,000 20 45 66 80 91 55,000 56,000 21 46 68 81 94 56,000 57,000 21 47 70 84 96 57,000 58,000 22 48 72 86 98 58,000 59,000 22 50 73 88 101 59,000 60,000 23 51 75 90 103 60,000 62,000 24 52 78 93 108 62,000 64,000 25 55 81 97 113 64,000 66,000 26 57 85 101 118 66,000 68,000 27 60 88 106 122 68,000 70,000 28 62 92 110 127 70,000 72,000 29 64 96 114 132 72,000 74,000 30 67 99 118 137 74,000 76,000 31 69 103 122 142 76,000 78,000 32 72 105 127 147 78,000 80,000 34 73 110 131 151 80,000 85,000 35 78 116 138 160 85,000 90,000 38 84 124 149 172 90,000 95,000 41 90 133 160 184 95,000 100,000 44 95 142 171 196 100,000 110,000 48 104 156 186 214 110,000 120,000 53 116 173 207 240 120,000 130,000 58 128 191 228 264 130,000 140,000 64 140 208 249 288 140,000 150,000 69 152 226 270 313 150,000 160,000 75 164 243 292 336 160,000 170,000 80 176 261 312 361 170,000 180,000 85 188 278 334 386 180,000 190,000 91 199 296 355 410 190,000 200,000 96 211 314 376 434 200,000 210,000 101 223 332 397 459 210,000 220,000 107 235 349 418 483 220,000 230,000 112 247 367 439 507 230,000 240,000 118 259 384 460 532 240,000 And up 123 271 401 482 556 SECTION 5. Free federal and state taxes EFFECTIVE DATE This revenue procedure applies to passenger automobiles that a taxpayer first places in service or first leases during calendar year 2013. Free federal and state taxes SECTION 6. Free federal and state taxes DRAFTING INFORMATION The principal author of this revenue procedure is Bernard P. Free federal and state taxes Harvey of the Office of Associate Chief Counsel (Income Tax & Accounting). Free federal and state taxes For further information regarding this revenue procedure, contact Mr. Free federal and state taxes Harvey at (202) 622-4930 (not a toll-free call). Free federal and state taxes Prev  Up  Next   Home   More Internal Revenue Bulletins