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Free State And Federal Tax Filing

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Free State And Federal Tax Filing

Free state and federal tax filing 4. Free state and federal tax filing   Reporting Gains and Losses Table of Contents Introduction Topics - This chapter discusses: Useful Items - You may want to see: Information Returns Schedule D and Form 8949Long and Short Term Net Gain or Loss Treatment of Capital Losses Capital Gains Tax Rates Form 4797Mark-to-market election. Free state and federal tax filing Introduction This chapter explains how to report capital gains and losses and ordinary gains and losses from sales, exchanges, and other dispositions of property. Free state and federal tax filing Although this discussion refers to Schedule D (Form 1040) and Form 8949, many of the rules discussed here also apply to taxpayers other than individuals. Free state and federal tax filing However, the rules for property held for personal use usually will not apply to taxpayers other than individuals. Free state and federal tax filing Topics - This chapter discusses: Information returns Schedule D (Form 1040) Form 4797 Form 8949 Useful Items - You may want to see: Publication 550 Investment Income and Expenses 537 Installment Sales Form (and Instructions) Schedule D (Form 1040) Capital Gains and Losses 1099-B Proceeds From Broker and Barter Exchange Transactions 1099-S Proceeds From Real Estate Transactions 4684 Casualties and Thefts 4797 Sales of Business Property 6252 Installment Sale Income 6781 Gains and Losses from Section 1256 Contracts and Straddles 8824 Like-Kind Exchanges 8949 Sales and Other Dispositions of Capital Assets See chapter 5 for information about getting publications and forms. Free state and federal tax filing Information Returns If you sell or exchange certain assets, you should receive an information return showing the proceeds of the sale. Free state and federal tax filing This information is also provided to the IRS. Free state and federal tax filing Form 1099-B. Free state and federal tax filing   If you sold property, such as stocks, bonds, or certain commodities, through a broker, you should receive Form 1099-B, Proceeds From Broker and Barter Exchange Transactions, or a substitute statement from the broker. Free state and federal tax filing Use the Form 1099-B or a substitute statement to complete Form 8949 and/or Schedule D. Free state and federal tax filing Whether or not you receive 1099-B, you must report all taxable sales of stock, bonds, commodities, etc. Free state and federal tax filing on Form 8949 and/or Schedule D, as applicable. Free state and federal tax filing For more information on figuring gains and losses from these transactions, see chapter 4 in Publication 550. Free state and federal tax filing For information on reporting the gains and losses, see the Instructions for Form 8949 and the Instructions for Schedule D (Form 1040). Free state and federal tax filing Form 1099-S. Free state and federal tax filing   An information return must be provided on certain real estate transactions. Free state and federal tax filing Generally, the person responsible for closing the transaction (the “real estate reporting person”) must report on Form 1099-S sales or exchanges of the following types of property. Free state and federal tax filing Land (improved or unimproved), including air space. Free state and federal tax filing An inherently permanent structure, including any residential, commercial, or industrial building. Free state and federal tax filing A condominium unit and its related fixtures and common elements (including land). Free state and federal tax filing Stock in a cooperative housing corporation. Free state and federal tax filing If you sold or exchanged any of the above types of property, the “real estate reporting person” must give you a copy of Form 1099-S or a statement containing the same information as the Form 1099-S. Free state and federal tax filing The “real estate reporting person” could include the buyer's attorney, your attorney, the title or escrow company, a mortgage lender, your broker, the buyer's broker, or the person acquiring the biggest interest in the property. Free state and federal tax filing   For more information see chapter 4 in Publication 550. Free state and federal tax filing Also, see the Instructions for Form 8949. Free state and federal tax filing Schedule D and Form 8949 Form 8949. Free state and federal tax filing   Individuals, corporations, and partnerships, use Form 8949 to report the following. Free state and federal tax filing    Sales or exchanges of capital assets, including stocks, bonds, etc. Free state and federal tax filing , and real estate (if not reported on another form or schedule such as Form 4684, 4797, 6252, 6781, or 8824). Free state and federal tax filing Include these transactions even if you did not receive a Form 1099-B or 1099-S. Free state and federal tax filing Gains from involuntary conversions (other than from casualty or theft) of capital assets not held for business or profit. Free state and federal tax filing Nonbusiness bad debts. Free state and federal tax filing   Individuals, If you are filing a joint return, complete as many copies of Form 8949 as you need to report all of your and your spouse's transactions. Free state and federal tax filing You and your spouse may list your transactions on separate forms or you may combine them. Free state and federal tax filing However, you must include on your Schedule D the totals from all Forms 8949 for both you and your spouse. Free state and federal tax filing    Corporations and electing large partnerships also use Form 8949 to report their share of gain or loss from a partnership, S Corporation, estate or trust. Free state and federal tax filing   Business entities meeting certain criteria, may have an exception to some of the normal requirements for completing Form 8949. Free state and federal tax filing See the Instructions for Form 8949. Free state and federal tax filing Schedule D. Free state and federal tax filing    Use Schedule D (Form 1040) to figure the overall gain or loss from transactions reported on Form 8949, and to report certain transactions you do not have to report on Form 8949. Free state and federal tax filing Before completing Schedule D, you may have to complete other forms as shown below. Free state and federal tax filing    Complete all applicable lines of Form 8949 before completing lines 1b, 2, 3, 8b, 9, or 10 of your applicable Schedule D. Free state and federal tax filing Enter on Schedule D the combined totals from all your Forms 8949. Free state and federal tax filing For a sale, exchange, or involuntary conversion of business property, complete Form 4797 (discussed later). Free state and federal tax filing For a like-kind exchange, complete Form 8824. Free state and federal tax filing See Reporting the exchange under Like-Kind Exchanges in chapter 1. Free state and federal tax filing For an installment sale, complete Form 6252. Free state and federal tax filing See Publication 537. Free state and federal tax filing For an involuntary conversion due to casualty or theft, complete Form 4684. Free state and federal tax filing See Publication 547, Casualties, Disasters, and Thefts. Free state and federal tax filing For a disposition of an interest in, or property used in, an activity to which the at-risk rules apply, complete Form 6198, At-Risk Limitations. Free state and federal tax filing See Publication 925, Passive Activity and At-Risk Rules. Free state and federal tax filing For a disposition of an interest in, or property used in, a passive activity, complete Form 8582, Passive Activity Loss Limitations. Free state and federal tax filing See Publication 925. Free state and federal tax filing For gains and losses from section 1256 contracts and straddles, complete Form 6781. Free state and federal tax filing See Publication 550. Free state and federal tax filing Personal-use property. Free state and federal tax filing   Report gain on the sale or exchange of property held for personal use (such as your home) on Form 8949 and Schedule D (Form 1040), as applicable. Free state and federal tax filing Loss from the sale or exchange of property held for personal use is not deductible. Free state and federal tax filing But if you had a loss from the sale or exchange of real estate held for personal use for which you received a Form 1099-S, report the transaction on Form 8949 and Schedule D, even though the loss is not deductible. Free state and federal tax filing See the Instructions for Schedule D (Form 1040) and the Instructions for Form 8949 for information on how to report the transaction. Free state and federal tax filing Long and Short Term Where you report a capital gain or loss depends on how long you own the asset before you sell or exchange it. Free state and federal tax filing The time you own an asset before disposing of it is the holding period. Free state and federal tax filing If you received a Form 1099-B, (or substitute statement) box 1c may help you determine whether the gain or loss is short-term or long-term. Free state and federal tax filing If you hold a capital asset 1 year or less, the gain or loss from its disposition is short term. Free state and federal tax filing Report it in Part I of Form 8949 and/or Schedule D, as applicable. Free state and federal tax filing If you hold a capital asset longer than 1 year, the gain or loss from its disposition is long term. Free state and federal tax filing Report it in Part II of Form 8949 and/or Schedule D, as applicable. Free state and federal tax filing   Table 4-1. Free state and federal tax filing Do I Have a Short-Term or Long-Term Gain or Loss? IF you hold the property. Free state and federal tax filing . Free state and federal tax filing . Free state and federal tax filing  THEN you have a. Free state and federal tax filing . Free state and federal tax filing . Free state and federal tax filing 1 year or less, Short-term capital gain or  loss. Free state and federal tax filing More than 1 year, Long-term capital gain or  loss. Free state and federal tax filing These distinctions are essential to correctly arrive at your net capital gain or loss. Free state and federal tax filing Capital losses are allowed in full against capital gains plus up to $3,000 of ordinary income. Free state and federal tax filing See Capital Gains Tax Rates, later. Free state and federal tax filing Holding period. Free state and federal tax filing   To figure if you held property longer than 1 year, start counting on the day following the day you acquired the property. Free state and federal tax filing The day you disposed of the property is part of your holding period. Free state and federal tax filing Example. Free state and federal tax filing If you bought an asset on June 19, 2012, you should start counting on June 20, 2012. Free state and federal tax filing If you sold the asset on June 19, 2013, your holding period is not longer than 1 year, but if you sold it on June 20, 2013, your holding period is longer than 1 year. Free state and federal tax filing Patent property. Free state and federal tax filing   If you dispose of patent property, you generally are considered to have held the property longer than 1 year, no matter how long you actually held it. Free state and federal tax filing For more information, see Patents in chapter 2. Free state and federal tax filing Inherited property. Free state and federal tax filing   If you inherit property, you are considered to have held the property longer than 1 year, regardless of how long you actually held it. Free state and federal tax filing Installment sale. Free state and federal tax filing   The gain from an installment sale of an asset qualifying for long-term capital gain treatment in the year of sale continues to be long term in later tax years. Free state and federal tax filing If it is short term in the year of sale, it continues to be short term when payments are received in later tax years. Free state and federal tax filing    The date the installment payment is received determines the capital gains rate that should be applied not the date the asset was sold under an installment contract. Free state and federal tax filing Nontaxable exchange. Free state and federal tax filing   If you acquire an asset in exchange for another asset and your basis for the new asset is figured, in whole or in part, by using your basis in the old property, the holding period of the new property includes the holding period of the old property. Free state and federal tax filing That is, it begins on the same day as your holding period for the old property. Free state and federal tax filing Example. Free state and federal tax filing You bought machinery on December 4, 2012. Free state and federal tax filing On June 4, 2013, you traded this machinery for other machinery in a nontaxable exchange. Free state and federal tax filing On December 5, 2013, you sold the machinery you got in the exchange. Free state and federal tax filing Your holding period for this machinery began on December 5, 2012. Free state and federal tax filing Therefore, you held it longer than 1 year. Free state and federal tax filing Corporate liquidation. Free state and federal tax filing   The holding period for property you receive in a liquidation generally starts on the day after you receive it if gain or loss is recognized. Free state and federal tax filing Profit-sharing plan. Free state and federal tax filing   The holding period of common stock withdrawn from a qualified contributory profit-sharing plan begins on the day following the day the plan trustee delivered the stock to the transfer agent with instructions to reissue the stock in your name. Free state and federal tax filing Gift. Free state and federal tax filing   If you receive a gift of property and your basis in it is figured using the donor's basis, your holding period includes the donor's holding period. Free state and federal tax filing For more information on basis, see Publication 551, Basis of Assets. Free state and federal tax filing Real property. Free state and federal tax filing   To figure how long you held real property, start counting on the day after you received title to it or, if earlier, the day after you took possession of it and assumed the burdens and privileges of ownership. Free state and federal tax filing   However, taking possession of real property under an option agreement is not enough to start the holding period. Free state and federal tax filing The holding period cannot start until there is an actual contract of sale. Free state and federal tax filing The holding period of the seller cannot end before that time. Free state and federal tax filing Repossession. Free state and federal tax filing   If you sell real property but keep a security interest in it and then later repossess it, your holding period for a later sale includes the period you held the property before the original sale, as well as the period after the repossession. Free state and federal tax filing Your holding period does not include the time between the original sale and the repossession. Free state and federal tax filing That is, it does not include the period during which the first buyer held the property. Free state and federal tax filing Nonbusiness bad debts. Free state and federal tax filing   Nonbusiness bad debts are short-term capital losses. Free state and federal tax filing For information on nonbusiness bad debts, see chapter 4 of Publication 550. Free state and federal tax filing    Net Gain or Loss The totals for short-term capital gains and losses and the totals for long-term capital gains and losses must be figured separately. Free state and federal tax filing Net short-term capital gain or loss. Free state and federal tax filing   Combine your short-term capital gains and losses, including your share of short-term capital gains or losses from partnerships, S corporations, and fiduciaries and any short-term capital loss carryover. Free state and federal tax filing Do this by adding all your short-term capital gains. Free state and federal tax filing Then add all your short-term capital losses. Free state and federal tax filing Subtract the lesser total from the other. Free state and federal tax filing The result is your net short-term capital gain or loss. Free state and federal tax filing Net long-term capital gain or loss. Free state and federal tax filing   Follow the same steps to combine your long-term capital gains and losses. Free state and federal tax filing Include the following items. Free state and federal tax filing Net section 1231 gain from Part I, Form 4797, after any adjustment for nonrecaptured section 1231 losses from prior tax years. Free state and federal tax filing Capital gain distributions from regulated investment companies (mutual funds) and real estate investment trusts. Free state and federal tax filing Your share of long-term capital gains or losses from partnerships, S corporations, and fiduciaries. Free state and federal tax filing Any long-term capital loss carryover. Free state and federal tax filing The result from combining these items with other long-term capital gains and losses is your net long-term capital gain or loss. Free state and federal tax filing Net gain. Free state and federal tax filing   If the total of your capital gains is more than the total of your capital losses, the difference is taxable. Free state and federal tax filing Different tax rates may apply to the part that is a net capital gain. Free state and federal tax filing See Capital Gains Tax Rates, later. Free state and federal tax filing Net loss. Free state and federal tax filing   If the total of your capital losses is more than the total of your capital gains, the difference is deductible. Free state and federal tax filing But there are limits on how much loss you can deduct and when you can deduct it. Free state and federal tax filing See Treatment of Capital Losses, next. Free state and federal tax filing    Treatment of Capital Losses If your capital losses are more than your capital gains, you can deduct the difference as a capital loss deduction even if you do not have ordinary income to offset it. Free state and federal tax filing The yearly limit on the amount of the capital loss you can deduct is $3,000 ($1,500 if you are married and file a separate return). Free state and federal tax filing Table 4-2. Free state and federal tax filing Holding Period for Different Types of Acquisitions Type of acquisition: When your holding period starts: Stocks and bonds bought on a securities market Day after trading date you bought security. Free state and federal tax filing Ends on trading date you sold security. Free state and federal tax filing U. Free state and federal tax filing S. Free state and federal tax filing Treasury notes and bonds If bought at auction, day after notification of bid acceptance. Free state and federal tax filing If bought through subscription, day after subscription was submitted. Free state and federal tax filing Nontaxable exchanges Day after date you acquired old property. Free state and federal tax filing Gift If your basis is giver's adjusted basis, same day as giver's holding period began. Free state and federal tax filing If your basis is FMV, day after date of gift. Free state and federal tax filing Real property bought Generally, day after date you received title to the property. Free state and federal tax filing Real property repossessed Day after date you originally received title to the property, but does not include time between the original sale and date of repossession. Free state and federal tax filing Capital loss carryover. Free state and federal tax filing   Generally, you have a capital loss carryover if either of the following situations applies to you. Free state and federal tax filing Your net loss is more than the yearly limit. Free state and federal tax filing Your taxable income without your deduction for exemptions is less than zero. Free state and federal tax filing If either of these situations applies to you for 2013, see Capital Losses under Reporting Capital Gains and Losses in chapter 4 of Publication 550 to figure the amount you can carryover to 2014. Free state and federal tax filing Example. Free state and federal tax filing Bob and Gloria Sampson sold property in 2013. Free state and federal tax filing The sale resulted in a capital loss of $7,000. Free state and federal tax filing The Sampsons had no other capital transactions. Free state and federal tax filing On their joint 2013 return, the Sampsons deduct $3,000, the yearly limit. Free state and federal tax filing They had taxable income of $2,000. Free state and federal tax filing The unused part of the loss, $4,000 ($7,000 − $3,000), is carried over to 2014. Free state and federal tax filing If the Sampsons' capital loss had been $2,000, it would not have been more than the yearly limit. Free state and federal tax filing Their capital loss deduction would have been $2,000. Free state and federal tax filing They would have no carryover to 2014. Free state and federal tax filing Short-term and long-term losses. Free state and federal tax filing   When you carry over a loss, it retains its original character as either long term or short term. Free state and federal tax filing A short-term loss you carry over to the next tax year is added to short-term losses occurring in that year. Free state and federal tax filing A long-term loss you carry over to the next tax year is added to long-term losses occurring in that year. Free state and federal tax filing A long-term capital loss you carry over to the next year reduces that year's long-term gains before its short-term gains. Free state and federal tax filing   If you have both short-term and long-term losses, your short-term losses are used first against your allowable capital loss deduction. Free state and federal tax filing If, after using your short-term losses, you have not reached the limit on the capital loss deduction, use your long-term losses until you reach the limit. Free state and federal tax filing To figure your capital loss carryover from 2013 to 2014 use the Capital Loss Carryover Worksheet in the 2013 Instructions for Schedule D (Form 1040). Free state and federal tax filing Joint and separate returns. Free state and federal tax filing   On a joint return, the capital gains and losses of spouses are figured as the gains and losses of an individual. Free state and federal tax filing If you are married and filing a separate return, your yearly capital loss deduction is limited to $1,500. Free state and federal tax filing Neither you nor your spouse can deduct any part of the other's loss. Free state and federal tax filing   If you and your spouse once filed separate returns and are now filing a joint return, combine your separate capital loss carryovers. Free state and federal tax filing However, if you and your spouse once filed jointly and are now filing separately, any capital loss carryover from the joint return can be deducted only on the return of the spouse who actually had the loss. Free state and federal tax filing Death of taxpayer. Free state and federal tax filing   Capital losses cannot be carried over after a taxpayer's death. Free state and federal tax filing They are deductible only on the final income tax return filed on the decedent's behalf. Free state and federal tax filing The yearly limit discussed earlier still applies in this situation. Free state and federal tax filing Even if the loss is greater than the limit, the decedent's estate cannot deduct the difference or carry it over to following years. Free state and federal tax filing Corporations. Free state and federal tax filing   A corporation can deduct capital losses only up to the amount of its capital gains. Free state and federal tax filing In other words, if a corporation has a net capital loss, it cannot be deducted in the current tax year. Free state and federal tax filing It must be carried to other tax years and deducted from capital gains occurring in those years. Free state and federal tax filing For more information, see Publication 542. Free state and federal tax filing Capital Gains Tax Rates The tax rates that apply to a net capital gain are generally lower than the tax rates that apply to other income. Free state and federal tax filing These lower rates are called the maximum capital gains rates. Free state and federal tax filing The term “net capital gain” means the amount by which your net long-term capital gain for the year is more than your net short-term capital loss. Free state and federal tax filing For 2013, the maximum tax rates for individuals are 0%, 15%, 20%, 25%, and 28%. Free state and federal tax filing Also, individuals, use the Qualified Dividends and Capital Gain Worksheet in the Instructions for Form 1040, or the Schedule D Tax Computation Worksheet in the Instructions for Schedule D (Form 1040) (whichever applies) to figure your tax if you have qualified dividends or net capital gain. Free state and federal tax filing For more information, see chapter 4 of Publication 550. Free state and federal tax filing Also see the Instructions for Schedule D (Form 1040). Free state and federal tax filing Unrecaptured section 1250 gain. Free state and federal tax filing   Generally, this is the part of any long-term capital gain on section 1250 property (real property) that is due to depreciation. Free state and federal tax filing Unrecaptured section 1250 gain cannot be more than the net section 1231 gain or include any gain otherwise treated as ordinary income. Free state and federal tax filing Use the worksheet in the Schedule D instructions to figure your unrecaptured section 1250 gain. Free state and federal tax filing For more information about section 1250 property and net section 1231 gain, see chapter 3. Free state and federal tax filing Form 4797 Use Form 4797 to report: The sale or exchange of: Property used in your trade or business; Depreciable and amortizable property; Oil, gas, geothermal, or other mineral properties; and Section 126 property. Free state and federal tax filing The involuntary conversion (from other than casualty or theft) of property used in your trade or business and capital assets held in connection with a trade or business or a transaction entered into for profit. Free state and federal tax filing The disposition of noncapital assets (other than inventory or property held primarily for sale to customers in the ordinary course of your trade or business). Free state and federal tax filing The disposition of capital assets not reported on Schedule D. Free state and federal tax filing The gain or loss (including any related recapture) for partners and S corporation shareholders from certain section 179 property dispositions by partnerships (other than electing large partnerships) and S corporations. Free state and federal tax filing The computation of recapture amounts under sections 179 and 280F(b)(2) when the business use of section 179 or listed property decreases to 50% or less. Free state and federal tax filing Gains or losses treated as ordinary gains or losses, if you are a trader in securities or commodities and made a mark-to-market election under Internal Revenue Code section 475(f). Free state and federal tax filing You can use Form 4797 with Form 1040, 1065, 1120, or 1120S. Free state and federal tax filing Section 1231 gains and losses. Free state and federal tax filing   Show any section 1231 gains and losses in Part I. Free state and federal tax filing Carry a net gain to Schedule D (Form 1040) as a long-term capital gain. Free state and federal tax filing Carry a net loss to Part II of Form 4797 as an ordinary loss. Free state and federal tax filing   If you had any nonrecaptured net section 1231 losses from the preceding 5 tax years, reduce your net gain by those losses and report the amount of the reduction as an ordinary gain in Part II. Free state and federal tax filing Report any remaining gain on Schedule D (Form 1040). Free state and federal tax filing See Section 1231 Gains and Losses in chapter 3. Free state and federal tax filing Ordinary gains and losses. Free state and federal tax filing   Show any ordinary gains and losses in Part II. Free state and federal tax filing This includes a net loss or a recapture of losses from prior years figured in Part I of Form 4797. Free state and federal tax filing It also includes ordinary gain figured in Part III. Free state and federal tax filing Mark-to-market election. Free state and federal tax filing   If you made a mark-to-market election, you should report all gains and losses from trading as ordinary gains and losses in Part II of Form 4797, instead of as capital gains and losses on Form 8949 and Schedule D (Form 1040). Free state and federal tax filing See the Instructions for Form 4797. Free state and federal tax filing Also see Special Rules for Traders in Securities, in chapter 4 of Publication 550. Free state and federal tax filing Ordinary income from depreciation. Free state and federal tax filing   Figure the ordinary income from depreciation on personal property and additional depreciation on real property (as discussed in chapter 3) in Part III. Free state and federal tax filing Carry the ordinary income to Part II of Form 4797 as an ordinary gain. Free state and federal tax filing Carry any remaining gain to Part I as section 1231 gain, unless it is from a casualty or theft. Free state and federal tax filing Carry any remaining gain from a casualty or theft to Form 4684. Free state and federal tax filing Prev  Up  Next   Home   More Online Publications
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Centro Informativo para camioneros

English

Si usted opera un camión u otro vehículo bajo la categoría de vehículo pesado en las carreteras públicas, tiene que presentar el Formulario 2290(SP), Declaración del Impuesto sobre el uso de Vehículos Pesados en las Carreteras, (Heavy Highway Vehicle use Tax Return) y pagar el impuesto sobre artículos de uso y consumo.

Información para los contribuyentes que no presentaron y pagaron el Impuesto sobre el Uso de Vehículos Pesados en las Carreteras para el periodo del 1 de julio del 2011 al 30 de junio del 2012

El IRS envío cartas a contribuyentes que entendemos puedan tener la responsabilidad de presentar y pagar el Impuesto sobre el Uso de Vehículos Pesados en las Carreteras (Formulario 2290(SP) para el periodo del 1 de julio del 2011 al 30 de junio del 2012, pero que aún no lo han hecho. Si usted recibe tal carta, por favor responda según descrito en la misma.

La fecha de vencimiento para presentar el Formulario 2290(SP) y para pagar el Impuesto sobre el Uso de Vehículos Pesados en las Carreteras, para el periodo del 1 de julio del 2011 al 30 de junio del 2012, fue extendido al 30 de noviembre del 2011 debido a la extensión tardía de dicho impuesto. Ya que el IRS no pudo proveer el Anexo 1 sellado hasta el 1 de noviembre del 2011, los estados fueron instruidos a aceptar de los contribuyentes el Anexo 1 sellado por el IRS con fecha para el periodo tributario del 1 de julio del 2010 al 30 de junio del 2011. Algunos contribuyentes pueden haber evitado el presentar y pagar su Impuesto sobre el Uso de Vehículos Pesados en las Carreteras para el periodo del 1 de julio del 2011 al 30 de junio del 2012.

Para más información, visite la página web Impuesto sobre el uso de las carreteras; Presentación y Pago para el Periodo Tributario Comenzando el 1 de julio del 2011 (Highway Use Tax; Filing and Payment for Taxable Period Beginning July 1, 2011), en inglés, en IRS.gov.

Nosotros animamos a todos los contribuyentes responsables por el Impuesto sobre el Uso de Vehículos Pesados en las Carreteras a que utilicen presentar el formulario electrónicamente mediante e-file, incluyendo a aquellos contribuyentes que necesiten presentar para el año en curso o cualquiera de los tres años previos.

Presentar y pagar el impuesto sobre el uso de vehículos pesados en carretera

Formulario 2290 (SP) e-file para la presentación electrónica

Usted deberá tener un Número de Identificación del Empleador, (EIN por sus siglas en inglés) a fin de presentar el Formulario 2290.  Solicite su EIN en línea (en inglés).

La presentación electrónica se requiere para todo contribuyente que reporta 25 o mas vehículos, y recomendamos la presentación electrónica del Formulario 2290 para todo contribuyente.  Utilice la presentación e-file y su Anexo 1 estará disponible por medio de su preparador e-file (en inglés) casi inmediatamente después de que aceptemos su Formulario 2290 presentado electrónicamente.  Y usted puede presentar por e-file su declaración desde su propia computadora, 24 horas del día, 7 días a la semana.

Al imprimir su Anexo 1, le recomendamos utilice una impresora de alta calidad la cual muestre la marca de agua a fin de evitar problemas con su Departamento de Motores y Vehículos.

Presentación en formularios de papel

A los contribuyentes que no se les requiere presentar por e-file pueden presentar el Formulario 2290 en papel. 

Maneras de pagar el impuesto sobre el uso de vehículos pesados

Existen tres maneras de pagar el impuesto, el cual deberá pagarse en su totalidad con su Formulario 2290:

  • Retiro electrónico de fondos (débito directo) si presenta electrónicamente.
  • EFTPS el sistema de pago electrónico del impuesto federal. EFTPS está disponible 24 horas al día, 7 días a la semana
  • Cheque o giro postal si utiliza el Formulario 2290-V, Cupón de pago, enviándolo al domicilio que aparece el las instrucciones del Formulario 2290.

Internal Revenue Service 
P.O. Box 804525 Cincinnati, 
OH 45280-4525

Ayuda con el Formulario 2290

Usted puede llamar por teléfono para solicitar ayuda de lunes – viernes, entre las 8:00 AM y las 6:00 PM, horario del este.

  • Desde los Estados Unidos, al 866-699-4096 (número libre de cargos)
  • Desde Canadá o México, al 859-669-5733 (este número no es libre de cargos)

Formularios e Información

Preguntas frecuentes

Cómo Evitar Problemas

Avoiding Problems (evitando problemas), en inglés.  Esta sección provee información sobre el mantenimiento de registros, fraudes y estafas, y otra información valiosa para administrar su negocio.

Publicaciones sobre la industria de camiones

El artículo que está importando puede estar sujeto al 12 por ciento del impuesto sobre artículos de uso y consumo (utilice el Formulario 720, Quarterly Federal Excise Tax Return, (Declaración federal trimestral de impuestos sobre artículos de uso y consumo), en inglés.

Información general para los negocios

 Tax Information for All Small Businesses (Información tributaria para todos los pequeños negocios), en inglés

Esta sección provee información general para los pequeños negocios, la cual es muy útil para todas las industrias y profesiones. Incluye enlaces a productos para pequeños negocios, impuestos sobre nómina, presentación electrónica y  pagos, reducción de la carga tributaria del contribuyente, evitar transacciones tributarias abusivas y muchos otros temas.

Worker Classification (Independent Contractors vs. Employees) (Clasificación de trabajadores (contratistas independientes vs. empleados)), en inglés

¿Es usted, o ayuda usted, a contratistas independientes o empleados? Antes de que conozca cómo tratar los pagos por servicios, primero debe conocer la relación de negocios que existe entre usted y la persona que lleva a cabo los servicios.

 

Page Last Reviewed or Updated: 26-Mar-2014

The Free State And Federal Tax Filing

Free state and federal tax filing 37. Free state and federal tax filing   Other Credits Table of Contents What's New Introduction Useful Items - You may want to see: Nonrefundable CreditsAdoption Credit Alternative Motor Vehicle Credit Alternative Fuel Vehicle Refueling Property Credit Credit to Holders of Tax Credit Bonds Foreign Tax Credit Mortgage Interest Credit Nonrefundable Credit for Prior Year Minimum Tax Plug-in Electric Drive Motor Vehicle Credit Residential Energy Credits Retirement Savings Contributions Credit (Saver's Credit) Refundable CreditsCredit for Tax on Undistributed Capital Gain Health Coverage Tax Credit Credit for Excess Social Security Tax or Railroad Retirement Tax Withheld What's New Adoption credit. Free state and federal tax filing  The maximum adoption credit is $12,970 for 2013. Free state and federal tax filing See Adoption Credit . Free state and federal tax filing Plug-in electric vehicle credit. Free state and federal tax filing  This credit has expired. Free state and federal tax filing Credit for prior year minimum tax. Free state and federal tax filing  The refundable portion of the credit for prior year minimum tax has expired. Free state and federal tax filing Excess withholding of social security and railroad retirement tax. Free state and federal tax filing  Social security tax and tier 1 railroad retirement (RRTA) tax were both withheld during 2013 at a rate of 6. Free state and federal tax filing 2% of wages up to $113,700. Free state and federal tax filing If you worked for more than one employer and had too much social security or RRTA tax withheld during 2013, you may be entitled to a credit for the excess withholding. Free state and federal tax filing See Credit for Excess Social Security Tax or Railroad Retirement Tax Withheld . Free state and federal tax filing Introduction This chapter discusses the following nonrefundable credits. Free state and federal tax filing Adoption credit. Free state and federal tax filing Alternative motor vehicle credit. Free state and federal tax filing Alternative fuel vehicle refueling property credit. Free state and federal tax filing Credit to holders of tax credit bonds. Free state and federal tax filing Foreign tax credit. Free state and federal tax filing Mortgage interest credit. Free state and federal tax filing Nonrefundable credit for prior year minimum tax. Free state and federal tax filing Plug-in electric drive motor vehicle credit. Free state and federal tax filing Residential energy credits. Free state and federal tax filing Retirement savings contributions credit. Free state and federal tax filing This chapter also discusses the following refundable credits. Free state and federal tax filing Credit for tax on undistributed capital gain. Free state and federal tax filing Health coverage tax credit. Free state and federal tax filing Credit for excess social security tax or railroad retirement tax withheld. Free state and federal tax filing Several other credits are discussed in other chapters in this publication. Free state and federal tax filing Child and dependent care credit (chapter 32). Free state and federal tax filing Credit for the elderly or the disabled (chapter 33). Free state and federal tax filing Child tax credit (chapter 34). Free state and federal tax filing Education credits (chapter 35). Free state and federal tax filing Earned income credit (chapter 36). Free state and federal tax filing Nonrefundable credits. Free state and federal tax filing   The first part of this chapter, Nonrefundable Credits , covers ten credits that you subtract from your tax. Free state and federal tax filing These credits may reduce your tax to zero. Free state and federal tax filing If these credits are more than your tax, the excess is not refunded to you. Free state and federal tax filing Refundable credits. Free state and federal tax filing   The second part of this chapter, Refundable Credits , covers three credits that are treated as payments and are refundable to you. Free state and federal tax filing These credits are added to the federal income tax withheld and any estimated tax payments you made. Free state and federal tax filing If this total is more than your total tax, the excess will be refunded to you. Free state and federal tax filing Useful Items - You may want to see: Publication 502 Medical and Dental Expenses 514 Foreign Tax Credit for  Individuals 530 Tax Information for Homeowners 590 Individual Retirement Arrangements (IRAs) Form (and Instructions) 1116 Foreign Tax Credit 2439 Notice to Shareholder of Undistributed Long-Term Capital Gains 5695 Residential Energy Credits 8396 Mortgage Interest Credit 8801 Credit For Prior Year Minimum Tax — Individuals, Estates, and Trusts 8828 Recapture of Federal Mortgage Subsidy 8839 Qualified Adoption Expenses 8880 Credit for Qualified Retirement Savings Contributions 8885 Health Coverage Tax Credit 8910 Alternative Motor Vehicle Credit 8911 Alternative Fuel Vehicle Refueling Property Credit 8912 Credit to Holders of Tax Credit Bonds 8936 Qualified Plug-in Electric Drive Motor Vehicle Credit Nonrefundable Credits The credits discussed in this part of the chapter can reduce your tax. Free state and federal tax filing However, if the total of these credits is more than your tax, the excess is not refunded to you. Free state and federal tax filing Adoption Credit You may be able to take a tax credit of up to $12,970 for qualified expenses paid to adopt an eligible child. Free state and federal tax filing The credit may be allowed for the adoption of a child with special needs even if you do not have any qualified expenses. Free state and federal tax filing If your modified adjusted gross income (AGI) is more than $194,580, your credit is reduced. Free state and federal tax filing If your modified AGI is $234,580 or more, you cannot take the credit. Free state and federal tax filing Qualified adoption expenses. Free state and federal tax filing   Qualified adoption expenses are reasonable and necessary expenses directly related to, and whose principal purpose is for, the legal adoption of an eligible child. Free state and federal tax filing These expenses include: Adoption fees, Court costs, Attorney fees, Travel expenses (including amounts spent for meals and lodging) while away from home, and Re-adoption expenses to adopt a foreign child. Free state and federal tax filing Nonqualified expenses. Free state and federal tax filing   Qualified adoption expenses do not include expenses: That violate state or federal law, For carrying out any surrogate parenting arrangement, For the adoption of your spouse's child, For which you received funds under any federal, state, or local program, Allowed as a credit or deduction under any other federal income tax rule, or Paid or reimbursed by your employer or any other person or organization. Free state and federal tax filing Eligible child. Free state and federal tax filing   The term “eligible child” means any individual: Under 18 years old, or Physically or mentally incapable of caring for himself or herself. Free state and federal tax filing Child with special needs. Free state and federal tax filing   An eligible child is a child with special needs if all three of the following apply. Free state and federal tax filing The child was a citizen or resident of the United States (including U. Free state and federal tax filing S. Free state and federal tax filing possessions) at the time the adoption process began. Free state and federal tax filing A state (including the District of Columbia) has determined that the child cannot or should not be returned to his or her parents' home. Free state and federal tax filing The state has determined that the child will not be adopted unless assistance is provided to the adoptive parents. Free state and federal tax filing Factors used by states to make this determination include: The child's ethnic background, The child's age, Whether the child is a member of a minority or sibling group, and Whether the child has a medical condition or a physical, mental, or emotional handicap. Free state and federal tax filing When to take the credit. Free state and federal tax filing   Generally, until the adoption becomes final, you take the credit in the year after your qualified expenses were paid or incurred. Free state and federal tax filing If the adoption becomes final, you take the credit in the year your expenses were paid or incurred. Free state and federal tax filing See the Instructions for Form 8839 for more specific information on when to take the credit. Free state and federal tax filing Foreign child. Free state and federal tax filing   If the child is not a U. Free state and federal tax filing S. Free state and federal tax filing citizen or resident at the time the adoption process began, you cannot take the credit unless the adoption becomes final. Free state and federal tax filing You treat all adoption expenses paid or incurred in years before the adoption becomes final as paid or incurred in the year it becomes final. Free state and federal tax filing How to take the credit. Free state and federal tax filing   Figure your 2013 nonrefundable credit and any carryforward to 2014 on Form 8839 and attach it to your Form 1040. Free state and federal tax filing Include the credit in your total for Form 1040, line 53. Free state and federal tax filing Check box c and enter “8839” on the line next to that box. Free state and federal tax filing More information. Free state and federal tax filing   For more information, see the Instructions for Form 8839. Free state and federal tax filing Alternative Motor Vehicle Credit You may be able to take this credit if you place a qualified fuel cell vehicle in service in 2013. Free state and federal tax filing Amount of credit. Free state and federal tax filing   Generally, you can rely on the manufacturer's certification to the IRS that a specific make, model, and model year vehicle qualifies for the credit and the amount of the credit for which it qualifies. Free state and federal tax filing In the case of a foreign manufacturer, you generally can rely on its domestic distributor's certification to the IRS. Free state and federal tax filing   Ordinarily the amount of the credit is 100% of the manufacturer's (or domestic distributor's) certification to the IRS of the maximum credit allowable. Free state and federal tax filing How to take the credit. Free state and federal tax filing   To take the credit, you must complete Form 8910 and attach it to your Form 1040. Free state and federal tax filing Include the credit in your total for Form 1040, line 53. Free state and federal tax filing Check box c and enter “8910” on the line next to that box. Free state and federal tax filing More information. Free state and federal tax filing   For more information on the credit, see the Instructions for Form 8910. Free state and federal tax filing Alternative Fuel Vehicle Refueling Property Credit You may be able to take a credit if you place qualified alternative fuel vehicle refueling property in service in 2013. Free state and federal tax filing Qualified alternative fuel vehicle refueling property. Free state and federal tax filing   Qualified alternative fuel vehicle refueling property is any property (other than a building or its structural components) used for either of the following. Free state and federal tax filing To store or dispense alternative fuel into the fuel tank of a motor vehicle propelled by the fuel, but only if the storage or dispensing is at the point where the fuel is delivered into that tank. Free state and federal tax filing To recharge an electric vehicle, but only if the recharging property is located at the point where the vehicle is recharged. Free state and federal tax filing   The following are alternative fuels. Free state and federal tax filing Any fuel at least 85% of the volume of which consists of one or more of the following: ethanol, natural gas, compressed natural gas, liquefied natural gas, liquefied petroleum gas, or hydrogen. Free state and federal tax filing Any mixture which consists of two or more of the following: biodiesel, diesel fuel, or kerosene, and at least 20% of the volume of which consists of biodiesel determined without regard to any kerosene. Free state and federal tax filing Electricity. Free state and federal tax filing Amount of the credit. Free state and federal tax filing   For personal use property, the credit is generally the smaller of 30% of the property's cost or $1,000. Free state and federal tax filing For business use property, the credit is generally the smaller of 30% of the property's cost or $30,000. Free state and federal tax filing How to take the credit. Free state and federal tax filing   To take the credit, you must complete Form 8911 and attach it to your Form 1040. Free state and federal tax filing Include the credit in your total for Form 1040, line 53. Free state and federal tax filing Check box c and enter “8911” on the line next to that box. Free state and federal tax filing More information. Free state and federal tax filing   For more information on the credit, see the Form 8911 instructions. Free state and federal tax filing Credit to Holders of Tax Credit Bonds Tax credit bonds are bonds in which the holder receives a tax credit in lieu of some or all of the interest on the bond. Free state and federal tax filing You may be able to take a credit if you are a holder of one of the following bonds. Free state and federal tax filing Clean renewable energy bonds (issued before 2010). Free state and federal tax filing New clean renewable energy bonds. Free state and federal tax filing Qualified energy conservation bonds. Free state and federal tax filing Qualified school construction bonds. Free state and federal tax filing Qualified zone academy bonds. Free state and federal tax filing Build America bonds. Free state and federal tax filing In some instances, an issuer may elect to receive a credit for interest paid on the bond. Free state and federal tax filing If the issuer makes this election, you cannot also claim a credit. Free state and federal tax filing Interest income. Free state and federal tax filing   The amount of any tax credit allowed (figured before applying tax liability limits) must be included as interest income on your tax return. Free state and federal tax filing How to take the credit. Free state and federal tax filing   Complete Form 8912 and attach it to your Form 1040. Free state and federal tax filing Include the credit in your total for Form 1040, line 53. Free state and federal tax filing Check box c and enter “8912” on the line next to that box. Free state and federal tax filing More information. Free state and federal tax filing   For more information, see the Instructions for Form 8912. Free state and federal tax filing Foreign Tax Credit You generally can choose to take income taxes you paid or accrued during the year to a foreign country or U. Free state and federal tax filing S. Free state and federal tax filing possession as a credit against your U. Free state and federal tax filing S. Free state and federal tax filing income tax. Free state and federal tax filing Or, you can deduct them as an itemized deduction (see chapter 22). Free state and federal tax filing You cannot take a credit (or deduction) for foreign income taxes paid on income that you exclude from U. Free state and federal tax filing S. Free state and federal tax filing tax under any of the following. Free state and federal tax filing Foreign earned income exclusion. Free state and federal tax filing Foreign housing exclusion. Free state and federal tax filing Income from Puerto Rico exempt from U. Free state and federal tax filing S. Free state and federal tax filing tax. Free state and federal tax filing Possession exclusion. Free state and federal tax filing Limit on the credit. Free state and federal tax filing   Unless you can elect not to file Form 1116 (see Exception , later), your foreign tax credit cannot be more than your U. Free state and federal tax filing S. Free state and federal tax filing tax liability (Form 1040, line 44), multiplied by a fraction. Free state and federal tax filing The numerator of the fraction is your taxable income from sources outside the United States. Free state and federal tax filing The denominator is your total taxable income from U. Free state and federal tax filing S. Free state and federal tax filing and foreign sources. Free state and federal tax filing See Publication 514 for more information. Free state and federal tax filing How to take the credit. Free state and federal tax filing   Complete Form 1116 and attach it to your Form 1040. Free state and federal tax filing Enter the credit on Form 1040, line 47. Free state and federal tax filing Exception. Free state and federal tax filing   You do not have to complete Form 1116 to take the credit if all of the following apply. Free state and federal tax filing All of your gross foreign source income was from interest and dividends and all of that income and the foreign tax paid on it were reported to you on Form 1099-INT, Form 1099-DIV, or Schedule K-1 (or substitute statement). Free state and federal tax filing If you had dividend income from shares of stock, you held those shares for at least 16 days. Free state and federal tax filing You are not filing Form 4563 or excluding income from sources within Puerto Rico. Free state and federal tax filing The total of your foreign taxes was not more than $300 (not more than $600 if married filing jointly). Free state and federal tax filing All of your foreign taxes were: Legally owed and not eligible for a refund, and Paid to countries that are recognized by the United States and do not support terrorism. Free state and federal tax filing More information. Free state and federal tax filing   For more information on the credit and these requirements, see the Instructions for Form 1116. Free state and federal tax filing Mortgage Interest Credit The mortgage interest credit is intended to help lower-income individuals own a home. Free state and federal tax filing If you qualify, you can take the credit each year for part of the home mortgage interest you pay. Free state and federal tax filing Who qualifies. Free state and federal tax filing   You may be eligible for the credit if you were issued a qualified mortgage credit certificate (MCC) from your state or local government. Free state and federal tax filing Generally, an MCC is issued only in connection with a new mortgage for the purchase of your main home. Free state and federal tax filing Amount of credit. Free state and federal tax filing   Figure your credit on Form 8396. Free state and federal tax filing If your mortgage loan amount is equal to (or smaller than) the certified indebtedness (loan) amount shown on your MCC, enter on Form 8396, line 1, all the interest you paid on your mortgage during the year. Free state and federal tax filing   If your mortgage loan amount is larger than the certified indebtedness amount shown on your MCC, you can figure the credit on only part of the interest you paid. Free state and federal tax filing To find the amount to enter on line 1, multiply the total interest you paid during the year on your mortgage by the following fraction. Free state and federal tax filing      Certified indebtedness amount on your MCC     Original amount of your mortgage   Limit based on credit rate. Free state and federal tax filing   If the certificate credit rate is more than 20%, the credit you are allowed cannot be more than $2,000. Free state and federal tax filing If two or more persons (other than a married couple filing a joint return) hold an interest in the home to which the MCC relates, this $2,000 limit must be divided based on the interest held by each person. Free state and federal tax filing See Publication 530 for more information. Free state and federal tax filing Carryforward. Free state and federal tax filing   Your credit (after applying the limit based on the credit rate) is also subject to a limit based on your tax that is figured using Form 8396. Free state and federal tax filing If your allowable credit is reduced because of this tax liability limit, you can carry forward the unused portion of the credit to the next 3 years or until used, whichever comes first. Free state and federal tax filing   If you are subject to the $2,000 limit because your certificate credit rate is more than 20%, you cannot carry forward any amount more than $2,000 (or your share of the $2,000 if you must divide the credit). Free state and federal tax filing How to take the credit. Free state and federal tax filing    Figure your 2013 credit and any carryforward to 2014 on Form 8396, and attach it to your Form 1040. Free state and federal tax filing Be sure to include any credit carryforward from 2010, 2011, and 2012. Free state and federal tax filing   Include the credit in your total for Form 1040, line 53. Free state and federal tax filing Check box c and enter “8396” on the line next to that box. Free state and federal tax filing Reduced home mortgage interest deduction. Free state and federal tax filing   If you itemize your deductions on Schedule A (Form 1040), you must reduce your home mortgage interest deduction by the amount of the mortgage interest credit shown on Form 8396, line 3. Free state and federal tax filing You must do this even if part of that amount is to be carried forward to 2014. Free state and federal tax filing For more information about the home mortgage interest deduction, see chapter 23. Free state and federal tax filing Recapture of federal mortgage subsidy. Free state and federal tax filing   If you received an MCC with your mortgage loan, you may have to recapture (pay back) all or part of the benefit you received from that program. Free state and federal tax filing The recapture may be required if you sell or dispose of your home at a gain during the first 9 years after the date you closed your mortgage loan. Free state and federal tax filing See the Instructions for Form 8828 and chapter 15 for more information. Free state and federal tax filing More information. Free state and federal tax filing   For more information on the credit, see the Form 8396 instructions. Free state and federal tax filing Nonrefundable Credit for Prior Year Minimum Tax The tax laws give special treatment to some kinds of income and allow special deductions and credits for some kinds of expenses. Free state and federal tax filing If you benefit from these laws, you may have to pay at least a minimum amount of tax in addition to any other tax on these items. Free state and federal tax filing This is called the alternative minimum tax. Free state and federal tax filing The special treatment of some items of income and expenses only allows you to postpone paying tax until a later year. Free state and federal tax filing If in prior years you paid alternative minimum tax because of these tax postponement items, you may be able to take a credit for prior year minimum tax against your current year's regular tax. Free state and federal tax filing You may be able to take a credit against your regular tax if for 2012 you had: An alternative minimum tax liability and adjustments or preferences other than exclusion items, A minimum tax credit that you are carrying forward to 2013, or An unallowed qualified electric vehicle credit. Free state and federal tax filing How to take the credit. Free state and federal tax filing    Figure your 2013 nonrefundable credit (if any), and any carryforward to 2014 on Form 8801, and attach it to your Form 1040. Free state and federal tax filing Include the credit in your total for Form 1040, line 53, and check box b. Free state and federal tax filing You can carry forward any unused credit for prior year minimum tax to later years until it is completely used. Free state and federal tax filing More information. Free state and federal tax filing   For more information on the credit, see the Instructions for Form 8801. Free state and federal tax filing Plug-in Electric Drive Motor Vehicle Credit You may be able to take this credit if you placed in service for business or personal use a qualified plug-in electric drive motor vehicle or a qualified two- or three-wheeled plug-in electric vehicle in 2013 and you meet some other requirements. Free state and federal tax filing Qualified plug-in electric drive motor vehicle. Free state and federal tax filing   This is a new vehicle with at least four wheels that: Is propelled to a significant extent by an electric motor that draws electricity from a battery that has a capacity of not less than 4 kilowatt hours and is capable of being recharged from an external source of electricity, and Has a gross vehicle weight of less than 14,000 pounds. Free state and federal tax filing Qualified two- or three-wheeled plug-in electric vehicle. Free state and federal tax filing   This is a new vehicle with two or three wheels that: Is capable of achieving a speed of 45 miles per hour or greater, Is propelled to a significant extent by an electric motor that draws electricity from a battery that has a capacity of not less than 2. Free state and federal tax filing 5 kilowatt hours and is capable of being recharged from an external source of electricity, and Has a gross vehicle weight of less than 14,000 pounds. Free state and federal tax filing Certification and other requirements. Free state and federal tax filing   Generally, you can rely on the manufacturer's (or, in the case of a foreign manufacturer, its domestic distributor's) certification to the IRS that a specific make, model, and model year vehicle qualifies for the credit and, if applicable, the amount of the credit for which it qualifies. Free state and federal tax filing However, if the IRS publishes an announcement that the certification for any specific make, model, and model year vehicle has been withdrawn, you cannot rely on the certification for such a vehicle purchased after the date of publication of the withdrawal announcement. Free state and federal tax filing   The following requirements must also be met to qualify for the credit. Free state and federal tax filing You are the owner of the vehicle. Free state and federal tax filing If the vehicle is leased, only the lessor, and not the lessee, is entitled to the credit. Free state and federal tax filing You placed the vehicle in service during 2013. Free state and federal tax filing The vehicle is manufactured primarily for use on public streets, roads, and highways. Free state and federal tax filing The original use of the vehicle began with you. Free state and federal tax filing You acquired the vehicle for your use or to lease to others, and not for resale. Free state and federal tax filing In the case of the qualified two- or three-wheeled plug-in electric vehicle, the vehicle is acquired after 2011 and before 2014. Free state and federal tax filing You use the vehicle primarily in the United States. Free state and federal tax filing How to take the credit. Free state and federal tax filing   To take the credit, you must complete Form 8936 and attach it to your Form 1040. Free state and federal tax filing Include the credit in your total for Form 1040, line 53. Free state and federal tax filing Check box c and enter “8936” on the line next to that box. Free state and federal tax filing More information. Free state and federal tax filing   For more information on the credit, see the Form 8936 instructions. Free state and federal tax filing Residential Energy Credits You may be able to take one or both of the following credits if you made energy saving improvements to your home located in the United States in 2013. Free state and federal tax filing Nonbusiness energy property credit. Free state and federal tax filing Residential energy efficient property credit. Free state and federal tax filing If you are a member of a condominium management association for a condominium you own or a tenant-stockholder in a cooperative housing corporation, you are treated as having paid your proportionate share of any costs of the association or corporation for purposes of these credits. Free state and federal tax filing Nonbusiness energy property credit. Free state and federal tax filing   You may be able to take a credit equal to the sum of: 10% of the amount paid or incurred for qualified energy efficiency improvements installed during 2013, and Any residential energy property costs paid or incurred in 2013. Free state and federal tax filing   There is a lifetime limit of $500 for all years after 2005, of which only $200 can be for windows; $50 for any advanced main air circulating fan; $150 for any qualified natural gas, propane, or oil furnace or hot water boiler; and $300 for any item of energy efficient building property. Free state and federal tax filing    If the total of nonbusiness energy property credits you have taken in previous years (after 2005) is more than $500, you cannot take this credit in 2013. Free state and federal tax filing   Qualified energy efficiency improvements are the following improvements that are new, can be expected to remain in use at least 5 years, and meet certain requirements for energy efficiency. Free state and federal tax filing Any insulation material or system that is specifically and primarily designed to reduce heat loss or gain of a home. Free state and federal tax filing Exterior window (including skylights). Free state and federal tax filing Exterior doors. Free state and federal tax filing Any metal or asphalt roof that has appropriate pigmented coatings or cooling granules specifically and primarily designed to reduce heat gain of the home. Free state and federal tax filing   Residential energy property is any of the following. Free state and federal tax filing Certain electric heat pump water heaters; electric heat pumps; central air conditioners; natural gas, propane, or oil water heater; and stoves that use biomass fuel. Free state and federal tax filing Qualified natural gas, propane, or oil furnaces; and qualified natural gas, propane, or oil hot water boilers. Free state and federal tax filing Certain advanced main air circulating fans used in natural gas, propane, or oil furnaces. Free state and federal tax filing Residential energy efficient property credit. Free state and federal tax filing   You may be able to take a credit of 30% of your costs of qualified solar electric property, solar water heating property, fuel cell property, small wind energy property, and geothermal heat pump property. Free state and federal tax filing The credit amount for costs paid for qualified fuel cell property is limited to $500 for each one-half kilowatt of capacity of the property. Free state and federal tax filing Basis reduction. Free state and federal tax filing   You must reduce the basis of your home by the amount of any credit allowed. Free state and federal tax filing How to take the credit. Free state and federal tax filing   Complete Form 5695 and attach it to your Form 1040. Free state and federal tax filing Enter the credit on Form 1040, line 52. Free state and federal tax filing More information. Free state and federal tax filing   For more information on these credits, see the Form 5695 instructions. Free state and federal tax filing Retirement Savings Contributions Credit (Saver's Credit) You may be able to take this credit if you, or your spouse if filing jointly, made: Contributions (other than rollover contributions) to a traditional or Roth IRA, Elective deferrals to a 401(k) or 403(b) plan (including designated Roth contributions) or to a governmental 457, SEP, or SIMPLE plan, Voluntary employee contributions to a qualified retirement plan (including the federal Thrift Savings Plan), or Contributions to a 501(c)(18)(D) plan. Free state and federal tax filing However, you cannot take the credit if either of the following applies. Free state and federal tax filing The amount on Form 1040, line 38, or Form 1040A, line 22, is more than $29,500 ($44,250 if head of household; $59,000 if married filing jointly). Free state and federal tax filing The person(s) who made the qualified contribution or elective deferral (a) was born after January 1, 1996, (b) is claimed as a dependent on someone else's 2013 tax return, or (c) was a student (defined next). Free state and federal tax filing Student. Free state and federal tax filing   You were a student if during any part of 5 calendar months of 2013 you: Were enrolled as a full-time student at a school, or Took a full-time, on-farm training course given by a school or a state, county, or local government agency. Free state and federal tax filing School. Free state and federal tax filing   A school includes a technical, trade, or mechanical school. Free state and federal tax filing It does not include an on-the-job training course, correspondence school, or school offering courses only through the Internet. Free state and federal tax filing How to take the credit. Free state and federal tax filing   Figure the credit on Form 8880. Free state and federal tax filing Enter the credit on your Form 1040, line 50, or your Form 1040A, line 32, and attach Form 8880 to your return. Free state and federal tax filing More information. Free state and federal tax filing   For more information on the credit, see the Form 8880 instructions. Free state and federal tax filing Refundable Credits The credits discussed in this part of the chapter are treated as payments of tax. Free state and federal tax filing If the total of these credits, withheld federal income tax, and estimated tax payments is more than your total tax, the excess can be refunded to you. Free state and federal tax filing Credit for Tax on Undistributed Capital Gain You must include in your income any amounts that regulated investment companies (commonly called mutual funds) or real estate investment trusts (REITs) allocated to you as capital gain distributions, even if you did not actually receive them. Free state and federal tax filing If the mutual fund or REIT paid a tax on the capital gain, you are allowed a credit for the tax since it is considered paid by you. Free state and federal tax filing The mutual fund or REIT will send you Form 2439 showing your share of the undistributed capital gains and the tax paid, if any. Free state and federal tax filing How to take the credit. Free state and federal tax filing   To take the credit, attach Copy B of Form 2439 to your Form 1040. Free state and federal tax filing Include the amount from box 2 of your Form 2439 in the total for Form 1040, line 71, and check box a. Free state and federal tax filing More information. Free state and federal tax filing   See Capital Gain Distributions in chapter 8 for more information on undistributed capital gains. Free state and federal tax filing Health Coverage Tax Credit You may be able to take this credit for any month in which all the following statements were true on the first day of the month. Free state and federal tax filing You were an eligible trade adjustment assistance (TAA) recipient, alternative TAA (ATAA) recipient, reemployment TAA (RTAA) recipient, or Pension Benefit Guaranty Corporation (PBGC) pension recipient (defined later); or you were a qualified family member of one of these individuals when the individual died or you finalized a divorce with one of these individuals. Free state and federal tax filing You and/or your family members were covered by a qualified health insurance plan for which you paid the entire premiums, or your portion of the premiums, directly to your health plan or to “U. Free state and federal tax filing S. Free state and federal tax filing Treasury–HCTC. Free state and federal tax filing ” You were not enrolled in Medicare Part A, B, or C, or you were enrolled in Medicare but your family member(s) qualified for the HCTC. Free state and federal tax filing You were not enrolled in Medicaid or the Children's Health Insurance Program (CHIP). Free state and federal tax filing You were not enrolled in the Federal Employees Health Benefits program (FEHBP) or eligible to receive benefits under the U. Free state and federal tax filing S. Free state and federal tax filing military health system (TRICARE). Free state and federal tax filing You were not imprisoned under federal, state, or local authority. Free state and federal tax filing Your employer did not pay 50% or more of the cost of coverage. Free state and federal tax filing You did not receive a 65% COBRA premium reduction from your former employer or COBRA administrator. Free state and federal tax filing But, you cannot take the credit if you can be claimed as a dependent on someone else's 2013 tax return. Free state and federal tax filing If you meet all of these conditions, you may be able to take a credit of up to 72. Free state and federal tax filing 5% of the amount you paid directly to a qualified health plan for you and any qualifying family members. Free state and federal tax filing You cannot take the credit for insurance premiums on coverage that was actually paid for with a National Emergency Grant. Free state and federal tax filing The amount you paid for qualified health insurance coverage must be reduced by any Archer MSA and health savings account distributions used to pay for the coverage. Free state and federal tax filing You can take this credit on your tax return or have it paid on your behalf in advance to your insurance company. Free state and federal tax filing If the credit is paid on your behalf in advance, that amount will reduce the amount of the credit you can take on your tax return. Free state and federal tax filing TAA recipient. Free state and federal tax filing   You were an eligible TAA recipient on the first day of the month if, for any day in that month or the prior month, you: Received a trade readjustment allowance, or Would have been entitled to receive such an allowance except that you had not exhausted all rights to any unemployment insurance (except additional compensation that is funded by a state and is not reimbursed from any federal funds) to which you were entitled (or would be entitled if you applied). Free state and federal tax filing Example. Free state and federal tax filing You received a trade adjustment allowance for January 2013. Free state and federal tax filing You were an eligible TAA recipient on the first day of January and February. Free state and federal tax filing Alternative TAA recipient. Free state and federal tax filing   You were an eligible alternative TAA recipient on the first day of the month if, for that month or the prior month, you received benefits under an alternative trade adjustment assistance program for older workers established by the Department of Labor. Free state and federal tax filing Example. Free state and federal tax filing You received benefits under an alternative trade adjustment assistance program for older workers for October 2013. Free state and federal tax filing The program was established by the Department of Labor. Free state and federal tax filing You were an eligible alternative TAA recipient on the first day of October and November. Free state and federal tax filing RTAA recipient. Free state and federal tax filing   You were an eligible RTAA recipient on the first day of the month if, for that month or the prior month, you received benefits under a reemployment trade adjustment assistance program for older workers established by the Department of Labor. Free state and federal tax filing PBGC pension recipient. Free state and federal tax filing   You were an eligible PBGC pension recipient on the first day of the month, if both of the following apply. Free state and federal tax filing You were age 55 or older on the first day of the month. Free state and federal tax filing You received a benefit for that month paid by the PBGC under title IV of the Employee Retirement Income Security Act of 1974 (ERISA). Free state and federal tax filing If you received a lump-sum payment from the PBGC after August 5, 2002, you meet item (2) above for any month that you would have received a PBGC benefit if you had not received the lump-sum payment. Free state and federal tax filing How to take the credit. Free state and federal tax filing   To take the credit, complete Form 8885 and attach it to your Form 1040. Free state and federal tax filing Include your credit in the total for Form 1040, line 71, and check box c. Free state and federal tax filing   You must attach health insurance bills (or COBRA payment coupons) and proof of payment for any amounts you include on Form 8885, line 2. Free state and federal tax filing For details, see Publication 502 or Form 8885. Free state and federal tax filing More information. Free state and federal tax filing   For definitions and special rules, including those relating to qualified health insurance plans, qualifying family members, the effect of certain life events, and employer-sponsored health insurance plans, see Publication 502 and the Form 8885 instructions. Free state and federal tax filing Credit for Excess Social Security Tax or Railroad Retirement Tax Withheld Most employers must withhold social security tax from your wages. Free state and federal tax filing If you work for a railroad employer, that employer must withhold tier 1 railroad retirement (RRTA) tax and tier 2 RRTA tax. Free state and federal tax filing If you worked for two or more employers in 2013, you may have had too much social security tax withheld from your pay. Free state and federal tax filing If one or more of those employers was a railroad employer, too much tier 1 RRTA tax may also have been withheld at the 6. Free state and federal tax filing 2% rate. Free state and federal tax filing You can claim the excess social security or tier 1 RRTA tax as a credit against your income tax when you file your return. Free state and federal tax filing For the tier 1 RRTA tax, only use the portion of the tier 1 RRTA tax that was taxed at the 6. Free state and federal tax filing 2% rate when figuring if excess tier 1 RRTA tax was withheld; do not include any portion of the tier 1 RRTA tax that was withheld at the Medicare tax rate (1. Free state and federal tax filing 45%) or the Additional Medicare Tax rate (. Free state and federal tax filing 9%). Free state and federal tax filing The following table shows the maximum amount of wages subject to tax and the maximum amount of tax that should have been withheld for 2013. Free state and federal tax filing Type of tax Maximum  wages subject to tax Maximum tax that should have been withheld Social security or RRTA tier 1 $113,700 $7,049. Free state and federal tax filing 40 RRTA tier 2 $84,300 $3,709. Free state and federal tax filing 20 All wages are subject to Medicare tax withholding. Free state and federal tax filing   Use Form 843, Claim for Refund and Request for Abatement, to claim a refund of excess tier 2 RRTA tax. Free state and federal tax filing Be sure to attach a copy of all of your W-2 forms. Free state and federal tax filing Use Worksheet 3-3 in Publication 505, Tax Withholding and Estimated Tax, to help you figure the excess amount. Free state and federal tax filing Employer's error. Free state and federal tax filing   If any one employer withheld too much social security or tier 1 RRTA tax, you cannot take the excess as a credit against your income tax. Free state and federal tax filing The employer should adjust the tax for you. Free state and federal tax filing If the employer does not adjust the overcollection, you can file a claim for refund using Form 843. Free state and federal tax filing Joint return. Free state and federal tax filing   If you are filing a joint return, you cannot add the social security or tier 1 RRTA tax withheld from your spouse's wages to the amount withheld from your wages. Free state and federal tax filing Figure the withholding separately for you and your spouse to determine if either of you has excess withholding. Free state and federal tax filing How to figure the credit if you did not work for a railroad. Free state and federal tax filing   If you did not work for a railroad during 2013, figure the credit as follows: 1. Free state and federal tax filing Add all social security tax withheld (but not more than $7,049. Free state and federal tax filing 40 for each employer). Free state and federal tax filing Enter the total here   2. Free state and federal tax filing Enter any uncollected social security tax on tips or group-term life insurance included in the total on Form 1040, line 60, identified by “UT”   3. Free state and federal tax filing Add lines 1 and 2. Free state and federal tax filing If $7,049. Free state and federal tax filing 40 or less, stop here. Free state and federal tax filing You cannot take  the credit   4. Free state and federal tax filing Social security tax limit 7,049. Free state and federal tax filing 40 5. Free state and federal tax filing Credit. Free state and federal tax filing Subtract line 4 from line 3. Free state and federal tax filing Enter the result here and on Form 1040, line 69 (or Form 1040A, line 41) $ Example. Free state and federal tax filing You are married and file a joint return with your spouse who had no gross income in 2013. Free state and federal tax filing During 2013, you worked for the Brown Technology Company and earned $60,000 in wages. Free state and federal tax filing Social security tax of $3,720 was withheld. Free state and federal tax filing You also worked for another employer in 2013 and earned $55,000 in wages. Free state and federal tax filing $3,410 of social security tax was withheld from these wages. Free state and federal tax filing Because you worked for more than one employer and your total wages were more than $113,700, you can take a credit of $80. Free state and federal tax filing 60 for the excess social security tax withheld. Free state and federal tax filing 1. Free state and federal tax filing Add all social security tax withheld (but not more than $7,049. Free state and federal tax filing 40 for each employer). Free state and federal tax filing Enter the total here $7,130. Free state and federal tax filing 00 2. Free state and federal tax filing Enter any uncollected social security tax on tips or group-term life insurance included in the total on Form 1040, line 60, identified by “UT” -0- 3. Free state and federal tax filing Add lines 1 and 2. Free state and federal tax filing If $7,049. Free state and federal tax filing 40 or less, stop here. Free state and federal tax filing You cannot take the credit 7,130. Free state and federal tax filing 00 4. Free state and federal tax filing Social security tax limit 7,049. Free state and federal tax filing 40 5. Free state and federal tax filing Credit. Free state and federal tax filing Subtract line 4 from line 3. Free state and federal tax filing Enter the result here and on Form 1040, line 69 (or Form 1040A, line 41) $80. Free state and federal tax filing 60 How to figure the credit if you worked for a railroad. Free state and federal tax filing   If you were a railroad employee at any time during 2013, figure the credit as follows: 1. Free state and federal tax filing Add all social security and tier 1 RRTA tax withheld at the 6. Free state and federal tax filing 2% rate (but not more than $7,049. Free state and federal tax filing 40 for each employer). Free state and federal tax filing Enter the total here   2. Free state and federal tax filing Enter any uncollected social security and tier 1 RRTA tax on tips or group-term life insurance included in the total on Form 1040, line 60, identified by “UT”   3. Free state and federal tax filing Add lines 1 and 2. Free state and federal tax filing If $7,049. Free state and federal tax filing 40 or less, stop here. Free state and federal tax filing You cannot take  the credit   4. Free state and federal tax filing Social security and tier 1 RRTA  tax limit 7,049. Free state and federal tax filing 40 5. Free state and federal tax filing Credit. Free state and federal tax filing Subtract line 4 from line 3. Free state and federal tax filing Enter the result here and on Form 1040, line 69 (or Form 1040A, line 41) $ How to take the credit. Free state and federal tax filing   Enter the credit on Form 1040, line 69, or include it in the total for Form 1040A, line 41. Free state and federal tax filing More information. Free state and federal tax filing   For more information on the credit, see Publication 505. Free state and federal tax filing Prev  Up  Next   Home   More Online Publications