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Free Online Tax Filing State And Federal

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Free Online Tax Filing State And Federal

Free online tax filing state and federal 12. Free online tax filing state and federal   Filing Form 720 Table of Contents Attachments to Form 720. Free online tax filing state and federal Conditions to allowance. Free online tax filing state and federal Use Form 720 to report and pay the excise taxes previously discussed in this publication. Free online tax filing state and federal File Form 720 for each calendar quarter until you file a final Form 720. Free online tax filing state and federal For information on filing Form 720 electronically, visit the IRS e-file website at www. Free online tax filing state and federal irs. Free online tax filing state and federal gov/efile. Free online tax filing state and federal You may be required to file your returns on a monthly or semimonthly basis instead of quarterly if you do not make deposits as required (see Payment of Taxes, later) or are liable for the excise tax on taxable fuels and meet certain conditions. Free online tax filing state and federal Form 720 has three parts and three schedules. Free online tax filing state and federal Part I consists of excise taxes generally required to be deposited (see Payment of Taxes, later). Free online tax filing state and federal Part II consists of excise taxes that are not required to be deposited. Free online tax filing state and federal Part III is used to figure your tax liability for the quarter and the amount of any balance due or overpayment. Free online tax filing state and federal Schedule A, Excise Tax Liability, is used to record your net tax liability for each semimonthly period in a quarter. Free online tax filing state and federal Complete it if you have an entry in Part I. Free online tax filing state and federal Schedule C, Claims, is used to make claims. Free online tax filing state and federal However, Schedule C can only be used if you are reporting a liability in Part I or Part II. Free online tax filing state and federal Schedule T, Two-Party Exchange Information Reporting, is used to report certain exchanges of taxable fuel before or in connection with the removal at the terminal rack. Free online tax filing state and federal Attachments to Form 720. Free online tax filing state and federal   You may have to attach the following forms. Free online tax filing state and federal Form 6197 for the gas guzzler tax. Free online tax filing state and federal Form 6627 for environmental taxes. Free online tax filing state and federal Form 720X. Free online tax filing state and federal   This form is used to make adjustments to Forms 720 filed in prior quarters. Free online tax filing state and federal You can file Form 720X by itself or, if it shows a decrease in tax, you can attach it to Form 720. Free online tax filing state and federal See Form 720X for more information. Free online tax filing state and federal Conditions to allowance. Free online tax filing state and federal   For tax decreases, the claimant must check the appropriate box on Form 720X stating that: For adjustments of communications or air transportation taxes, the claimant has: Repaid the tax to the person from whom it was collected, or Obtained the consent of that person to the allowance of the adjustment. Free online tax filing state and federal For other adjustments, the claimant has: Not included the tax in the price of the article and not collected the tax from the purchaser, Repaid the tax to the ultimate purchaser, or Attached the written consent of the ultimate purchaser to the allowance of the adjustment. Free online tax filing state and federal However, the conditions listed under (2) do not apply to environmental taxes, the ship passenger tax, obligations not in registered form, foreign insurance taxes, fuels used on inland waterways, cellulosic or second generation biofuel sold as but not used as fuel, biodiesel sold as fuel but not used as fuel, and certain fuel taxes if the tax was based on use (for example, dyed diesel fuel used in trains, LPG, and CNG). Free online tax filing state and federal Final return. Free online tax filing state and federal   File a final return if: You go out of business, or You will not owe excise taxes that are reportable on Form 720 in future quarters. Free online tax filing state and federal Due dates. Free online tax filing state and federal   Form 720 must be filed by the following due dates. Free online tax filing state and federal Quarter Covered Due Dates January, February, March April 30 April, May, June July 31 July, August, September October 31 October, November, December January 31   If any due date falls on a Saturday, Sunday, or legal holiday, you can file the return on the next business day. Free online tax filing state and federal One-time filing. Free online tax filing state and federal   If you import a gas guzzling automobile, you may be eligible to make a one-time filing using your SSN if you: Do not import gas guzzling automobiles in the course of your trade or business, and Are not required to file Form 720 reporting other excise taxes for the calendar quarter, except for a one-time filing. Free online tax filing state and federal   If you meet both requirements above, see Gas guzzler tax (IRS No. Free online tax filing state and federal 40) in the Instructions for Form 720 for how to file and pay the tax. Free online tax filing state and federal Payment voucher. Free online tax filing state and federal   Form 720-V, Payment Voucher, must be included with Form 720 if you have a balance due on line 10 of Form 720 and you are making your payment by check or money order. Free online tax filing state and federal Prev  Up  Next   Home   More Online Publications
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National Taxpayer Advocate Congressional Testimony

 Current Testimony:


Written Statement of Nina E. Olson before the Subcommittee on Financial Services and General Government Committee on Appropriations, U.S. House of Representatives. Subject: Internal Revenue Service Oversight. 02/26/2014

 Prior Testimony:


Written Statement of Nina E. Olson before the Subcommittee on Government Operations, House Committee on Oversight and Government Reform, U.S. House of Representatives. Subject: Identity Theft-Related Tax Fraud. 08/02/2013
 

Written Statement of Nina E. Olson before the Subcommittee on Financial Services and General Government, Committee on Appropriations, United States Senate. Subject: Internal Revenue Service FY 2014 Budget Request. 05/08/2013
 

Written Statement of Nina E. Olson before the Committee on Finance, U.S. Senate. Subject: Tax Fraud, Tax ID Theft, and Tax Reform. 04/16/2013
 

Written Statement of Nina E. Olson before the Subcommittee on Government Organization, Efficiency, and Financial Management - Committee on Oversight and Government Reform, U.S. House of Representatives. Subject: Identity Theft-Related Tax Fraud. 11/29/2012
 

Written Statement of Nina E. Olson before the Committee on Oversight and Government Reform, U.S. House of Representatives. Subject: Tax-Related Provisions of the Affordable Care Act. 08/02/2012
 

Written Statement of Nina E. Olson before the Subcommittee on Crime, Terrorism, and Homeland Security, U.S. House of Representatives, Committee on the Judiciary. Subject: Identity Theft and Income Tax Preparation Fraud. 06/28/2012
 

Written Statement of Nina E. Olson before the Subcommittees on Oversight and Social Security, U.S. House of Representatives, Committee on Ways and Means. Subject: Identity Theft and Tax Fraud. 05/08/2012
 

Written Statement of Nina E. Olson before the Subcommittee on Government Organization, Efficiency, and Financial Management, U.S. House of Representatives, Committee on Oversight and Government Reform. Subject: Tax Compliance and Tax-Fraud Prevention. 04/19/2012
 

Written Statement of Nina E. Olson before the Subcommittee on Fiscal Responsibility and Economic Growth, United States Senate. Subject: Tax Fraud by Identity Theft, Part 2: Status, Progress, and Potential Solutions. 03/20/2012
 

Written Statement of Nina E. Olson before the Committee on Finance, United States Senate. Subject: Complexity and the Tax Gap: Making Tax Compliance Easier and Collecting What's Due. 06/28/2011
 

Written Statement of Nina E. Olson before the Subcommittee on Financial Services and General Government Committee on Appropriations, United States Senate. Subject: Internal Revenue Service FY 2012 Budget Request. 06/08/2011
 

Written Statement of Nina E. Olson before the Subcommittee on Fiscal Responsibility and Economic Growth, Committee on Finance. Subject: Hearing on the Spread of Tax Fraud by Identity Theft: A Threat to Taxpayers, A Drain on the Public Treasury. 05/25/2011
 

Written Statement of Nina E. Olson before the Subcommittee on Oversight, Committee on Ways and Means. Subject: Hearing on Improper Payments in the Administration of Refundable Tax Credits. 05/25/2011
 

Written Statement of Nina E. Olson before the House Committee on Small Business. Subject: Hearing on How Tax Complexity Hinders Small Businesses and the Impact on Job Creation and Economic Growth. 04/13/2011
 

Written Statement of Nina E. Olson before the U.S. House of Representatives, Committee on Ways and Means. Subject: Hearing on Tax Reform. 01/20/2011
 

Written Statement of Nina E. Olson before the U.S. Senate, Committee on Finance. Subject: Tax Filing Season Update - Current IRSW Issues. 04/15/2010
 

Written Statement of Nina E. Olson, before the U.S. House of Representatives, Committee on Ways and Means. Subject: National Taxpayer Advocate's 2009 Annual Report to Congress - 03/16/2010
 

Written Statement of Nina E. Olson, before the U.S. House of Representatives, Committee on Ways and Means.  Subject:  Tax Compliance Challenges Facing Financially Struggling Taxpayers. 02/26/09
 

Written Statement of Nina E. Olson, before the U.S. House of Representatives, Committee on Ways and Means.  Subject:  The Status of Economic Stimulus Payments. 06/19/08
 

Written Statement of Nina E. Olson, before the U.S. Senate Committee on Appropriations. Subject:  Internal Revenue Service FY 2009 Budget Request. 04/16/08
 

Written Statement of Nina E. Olson before the U.S. Senate Committee on Finance. Subject: Identity Theft in Tax Administration. 04/10/08
 

Written Statement of Nina E. Olson, before the U.S. House of Representatives, Committee on Ways and Means. Subject:  The 2008 Tax Return Filing Season; IRS Operations; FY 2009 Budget Proposals; and the National Taxpayer Advocate's 2007 Annual Report to Congress. 03/13/08
 

Written Statement of Nina E. Olson, before the U.S. House of Representatives, Committee on Ways and Means. Subject: IRS Private Debt Collection Program. 05/23/07  [ Appendices transmitted as a separate document]
 

Written Statement of Nina E. Olson, before the U.S. House of Representatives, Committee on Ways and Means, Subcommittee on Select Revenue Measures. Subject: The Alternative Minimum Tax. 03/07/07
 

Written Statement of Nina E. Olson, before the U.S. House of Representatives, Committee on Appropriations, Subcommittee on Financial Services and General Government.  Subject:  Tax Fairness: Policy and Enforcement. 03/05/07
 

Written Statement of Nina E. Olson, before the U.S. House of Representatives, Committee on the Budget. Subject:  The IRS and the Tax Gap. 02/16/07
 

Written Statement of Nina E. Olson, before the U.S. Senate, Committee on Homeland Security and Governmental Affairs, Subcommittee on Federal Financial Management, Government Information, and International Security.  Subject:  The Tax Gap. 09/26/06 
 

Written Statement of Nina E. Olson, before the U.S. Senate, Committee on Finance, Subcommittee of Taxation and IRS Oversight.  Subject:  The Tax Gap. 07/26/06
 

Written Statement of Nina E. Olson, before the U.S. Senate, Committee on Appropriations; Subcommittee on Transportation, Treasury, the Judiciary, Housing and Urban Development, and Related Agencies. Subject:  Internal Revenue Service FY 2007 Budget Request. 04/27/06 
 

Written Statement of Nina E. Olson, before the U.S. House of Representatives, Committee on Small Business.  Subject:  The Effects of Tax Compliance Initiatives on Small Business. 04/05/06 
 

Written Statement of Nina E. Olson, before the U.S. Senate, Committee on Finance. Subject:  Tax Return Preparation Options for Taxpayers. 04/04/06
 

Written Statement of Nina E. Olson, before the U.S. House of Representatives, Committee on Appropriations, Subcommittee on Transportation, Treasury, and Housing and Urban Development, the Judiciary, District of Columbia, and Related Agencies. Subject:  Internal Revenue Service FY 2007 Budget Request. 03/29/06
 

Written Statement of Nina E. Olson  before the Committee on the Budget, United States Senate. Subject:  The Causes of and Solutions to the Federal Tax Gap. 02/15/2006
 

Written Statement of Nina E. Olson, NTA, before the Subcommittee on Federal Financial Management, Government Information, and International Security. Subject: The Tax Gap.  10/26/2005
 

National Taxpayer Advocate Written Testimony, before the House Committee on Small Business. 09/21/05
 

National Taxpayer Advocate Written Testimony before the House Committee on Ways and Means Subcommittee on Oversight on the Regulation of Federal Tax Return Preparers. 07/20/05
 

National Taxpayer Advocate Written Testimony before the Senate Subcommittee on Taxation and IRS Oversight on the Alternative Minimum Tax (AMT). 05/23/05
 

National Taxpayer Advocate Written Testimony for the Joint Review of the Strategic Plans and Budget of the Internal Revenue Service.05/19/05
 

National Taxpayer Advocate Testimony before the President's Advisory Panel on Federal Tax Reform 03/05:


National Taxpayer Advocate Testimony before the Senate Committee of Finance on the Tax Gap and Tax Shelters. 07/21/2004

 

Page Last Reviewed or Updated: 14-Mar-2014

The Free Online Tax Filing State And Federal

Free online tax filing state and federal Internal Revenue Bulletin:  2013-12  March 18, 2013  Rev. Free online tax filing state and federal Proc. Free online tax filing state and federal 2013-21 Table of Contents SECTION 1. Free online tax filing state and federal PURPOSE SECTION 2. Free online tax filing state and federal BACKGROUND SECTION 3. Free online tax filing state and federal SCOPE SECTION 4. Free online tax filing state and federal APPLICATION. Free online tax filing state and federal 01 Limitations on Depreciation Deductions for Certain Automobiles. Free online tax filing state and federal . Free online tax filing state and federal 02 Inclusions in Income of Lessees of Passenger Automobiles. Free online tax filing state and federal SECTION 5. Free online tax filing state and federal EFFECTIVE DATE SECTION 6. Free online tax filing state and federal DRAFTING INFORMATION SECTION 1. Free online tax filing state and federal 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 online tax filing state and federal 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 online tax filing state and federal SECTION 2. Free online tax filing state and federal BACKGROUND . Free online tax filing state and federal 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 online tax filing state and federal 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 online tax filing state and federal 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 online tax filing state and federal This change reflects the higher rate of price inflation for trucks and vans since 1988. Free online tax filing state and federal . Free online tax filing state and federal 02 Section 331(a) of the American Taxpayer Relief Act of 2012, Pub. Free online tax filing state and federal L. Free online tax filing state and federal No. Free online tax filing state and federal 112-240, 126 Stat. Free online tax filing state and federal 2313 (Jan. Free online tax filing state and federal 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 online tax filing state and federal 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 online tax filing state and federal . Free online tax filing state and federal 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 online tax filing state and federal 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 online tax filing state and federal 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 online tax filing state and federal Accordingly, this revenue procedure provides tables for passenger automobiles for which the § 168(k) additional first year depreciation deduction applies. Free online tax filing state and federal 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 online tax filing state and federal . Free online tax filing state and federal 04 Section 280F(c) requires a reduction in the deduction allowed to the lessee of a leased passenger automobile. Free online tax filing state and federal The reduction must be substantially equivalent to the limitations on the depreciation deductions imposed on owners of passenger automobiles. Free online tax filing state and federal Under § 1. Free online tax filing state and federal 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 online tax filing state and federal One table applies to lessees of trucks and vans and another table applies to all other passenger automobiles. Free online tax filing state and federal Each table shows inclusion amounts for a range of fair market values for each taxable year after the passenger automobile is first leased. Free online tax filing state and federal SECTION 3. Free online tax filing state and federal SCOPE . Free online tax filing state and federal 01 The limitations on depreciation deductions in section 4. Free online tax filing state and federal 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 online tax filing state and federal . Free online tax filing state and federal 02 The tables in section 4. Free online tax filing state and federal 02 of this revenue procedure apply to leased passenger automobiles for which the lease term begins during calendar year 2013. Free online tax filing state and federal 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 online tax filing state and federal See Rev. Free online tax filing state and federal Proc. Free online tax filing state and federal 2008-22, 2008-1 C. Free online tax filing state and federal B. Free online tax filing state and federal 658, for passenger automobiles first leased during calendar year 2008; Rev. Free online tax filing state and federal Proc. Free online tax filing state and federal 2009-24, 2009-17 I. Free online tax filing state and federal R. Free online tax filing state and federal B. Free online tax filing state and federal 885, for passenger automobiles first leased during calendar year 2009; Rev. Free online tax filing state and federal Proc. Free online tax filing state and federal 2010-18, 2010-09 I. Free online tax filing state and federal R. Free online tax filing state and federal B. Free online tax filing state and federal 427, as amplified and modified by section 4. Free online tax filing state and federal 03 of Rev. Free online tax filing state and federal Proc. Free online tax filing state and federal 2011-21, 2011-12 I. Free online tax filing state and federal R. Free online tax filing state and federal B. Free online tax filing state and federal 560, for passenger automobiles first leased during calendar year 2010; Rev. Free online tax filing state and federal Proc. Free online tax filing state and federal 2011-21, for passenger automobiles first leased during calendar year 2011; and Rev. Free online tax filing state and federal Proc. Free online tax filing state and federal 2012-23, 2012-14 I. Free online tax filing state and federal R. Free online tax filing state and federal B. Free online tax filing state and federal 712, for passenger automobiles first leased during calendar year 2012. Free online tax filing state and federal SECTION 4. Free online tax filing state and federal APPLICATION . Free online tax filing state and federal 01 Limitations on Depreciation Deductions for Certain Automobiles. Free online tax filing state and federal (1) Amount of the inflation adjustment. Free online tax filing state and federal (a) Passenger automobiles (other than trucks or vans). Free online tax filing state and federal 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 online tax filing state and federal 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 online tax filing state and federal The new car component of the CPI was 115. Free online tax filing state and federal 2 for October 1987 and 143. Free online tax filing state and federal 787 for October 2012. Free online tax filing state and federal The October 2012 index exceeded the October 1987 index by 28. Free online tax filing state and federal 587. Free online tax filing state and federal Therefore, the automobile price inflation adjustment for 2013 for passenger automobiles (other than trucks and vans) is 24. Free online tax filing state and federal 8 percent (28. Free online tax filing state and federal 587/115. Free online tax filing state and federal 2 x 100%). Free online tax filing state and federal The dollar limitations in § 280F(a) are multiplied by a factor of 0. Free online tax filing state and federal 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 online tax filing state and federal This adjustment applies to all passenger automobiles (other than trucks and vans) that are first placed in service in calendar year 2013. Free online tax filing state and federal (b) Trucks and vans. Free online tax filing state and federal 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 online tax filing state and federal The new truck component of the CPI was 112. Free online tax filing state and federal 4 for October 1987 and 149. Free online tax filing state and federal 386 for October 2012. Free online tax filing state and federal The October 2012 index exceeded the October 1987 index by 36. Free online tax filing state and federal 986. Free online tax filing state and federal Therefore, the automobile price inflation adjustment for 2013 for trucks and vans is 32. Free online tax filing state and federal 9 percent (36. Free online tax filing state and federal 986/112. Free online tax filing state and federal 4 x 100%). Free online tax filing state and federal The dollar limitations in § 280F(a) are multiplied by a factor of 0. Free online tax filing state and federal 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 online tax filing state and federal This adjustment applies to all trucks and vans that are first placed in service in calendar year 2013. Free online tax filing state and federal (2) Amount of the limitation. Free online tax filing state and federal 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 online tax filing state and federal 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 online tax filing state and federal 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 online tax filing state and federal REV. Free online tax filing state and federal PROC. Free online tax filing state and federal 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 online tax filing state and federal PROC. Free online tax filing state and federal 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 online tax filing state and federal PROC. Free online tax filing state and federal 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 online tax filing state and federal PROC. Free online tax filing state and federal 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 online tax filing state and federal 02 Inclusions in Income of Lessees of Passenger Automobiles. Free online tax filing state and federal A taxpayer must follow the procedures in § 1. Free online tax filing state and federal 280F-7(a) for determining the inclusion amounts for passenger automobiles first leased in calendar year 2013. Free online tax filing state and federal 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 online tax filing state and federal REV. Free online tax filing state and federal PROC. Free online tax filing state and federal 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 online tax filing state and federal PROC. Free online tax filing state and federal 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 online tax filing state and federal EFFECTIVE DATE This revenue procedure applies to passenger automobiles that a taxpayer first places in service or first leases during calendar year 2013. Free online tax filing state and federal SECTION 6. Free online tax filing state and federal DRAFTING INFORMATION The principal author of this revenue procedure is Bernard P. Free online tax filing state and federal Harvey of the Office of Associate Chief Counsel (Income Tax & Accounting). Free online tax filing state and federal For further information regarding this revenue procedure, contact Mr. Free online tax filing state and federal Harvey at (202) 622-4930 (not a toll-free call). Free online tax filing state and federal Prev  Up  Next   Home   More Internal Revenue Bulletins