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Free State Income Tax Forms

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Free State Income Tax Forms

Free state income tax forms Publication 939 - Main Content Table of Contents General Information Taxation of Periodic PaymentsInvestment in the Contract Expected Return Computation Under the General Rule How To Use Actuarial TablesUnisex Annuity Tables Special Elections Worksheets for Determining Taxable Annuity Actuarial Tables Requesting a Ruling on Taxation of Annuity How To Get Tax HelpLow Income Taxpayer Clinics General Information Some of the terms used in this publication are defined in the following paragraphs. Free state income tax forms A pension is generally a series of payments made to you after you retire from work. Free state income tax forms Pension payments are made regularly and are for past services with an employer. Free state income tax forms An annuity is a series of payments under a contract. Free state income tax forms You can buy the contract alone or you can buy it with the help of your employer. Free state income tax forms Annuity payments are made regularly for more than one full year. Free state income tax forms Note. Free state income tax forms Distributions from pensions and annuities follow the same rules as outlined in this publication unless otherwise noted. Free state income tax forms Types of pensions and annuities. Free state income tax forms   Particular types of pensions and annuities include: Fixed period annuities. Free state income tax forms You receive definite amounts at regular intervals for a definite length of time. Free state income tax forms Annuities for a single life. Free state income tax forms You receive definite amounts at regular intervals for life. Free state income tax forms The payments end at death. Free state income tax forms Joint and survivor annuities. Free state income tax forms The first annuitant receives a definite amount at regular intervals for life. Free state income tax forms After he or she dies, a second annuitant receives a definite amount at regular intervals for life. Free state income tax forms The amount paid to the second annuitant may or may not differ from the amount paid to the first annuitant. Free state income tax forms Variable annuities. Free state income tax forms You receive payments that may vary in amount for a definite length of time or for life. Free state income tax forms The amounts you receive may depend upon such variables as profits earned by the pension or annuity funds or cost-of-living indexes. Free state income tax forms Disability pensions. Free state income tax forms You are under minimum retirement age and receive payments because you retired on disability. Free state income tax forms If, at the time of your retirement, you were permanently and totally disabled, you may be eligible for the credit for the elderly or the disabled discussed in Publication 524. Free state income tax forms If your annuity starting date is after November 18, 1996, the General Rule cannot be used for the following qualified plans. Free state income tax forms A qualified employee plan is an employer's stock bonus, pension, or profit-sharing plan that is for the exclusive benefit of employees or their beneficiaries. Free state income tax forms This plan must meet Internal Revenue Code requirements. Free state income tax forms It qualifies for special tax benefits, including tax deferral for employer contributions and rollover distributions. Free state income tax forms However, you must use the General Rule if you were 75 or over and the annuity payments are guaranteed for more than 5 years. Free state income tax forms A qualified employee annuity is a retirement annuity purchased by an employer for an employee under a plan that meets Internal Revenue Code requirements. Free state income tax forms A tax-sheltered annuity is a special annuity plan or contract purchased for an employee of a public school or tax-exempt organization. Free state income tax forms   The General Rule is used to figure the tax treatment of various types of pensions and annuities, including nonqualified employee plans. Free state income tax forms A nonqualified employee plan is an employer's plan that does not meet Internal Revenue Code requirements. Free state income tax forms It does not qualify for most of the tax benefits of a qualified plan. Free state income tax forms Annuity worksheets. Free state income tax forms   The worksheets found near the end of the text of this publication may be useful to you in figuring the taxable part of your annuity. Free state income tax forms Request for a ruling. Free state income tax forms   If you are unable to determine the income tax treatment of your pension or annuity, you may ask the Internal Revenue Service to figure the taxable part of your annuity payments. Free state income tax forms This is treated as a request for a ruling. Free state income tax forms See Requesting a Ruling on Taxation of Annuity near the end of this publication. Free state income tax forms Withholding tax and estimated tax. Free state income tax forms   Your pension or annuity is subject to federal income tax withholding unless you choose not to have tax withheld. Free state income tax forms If you choose not to have tax withheld from your pension or annuity, or if you do not have enough income tax withheld, you may have to make estimated tax payments. Free state income tax forms Taxation of Periodic Payments This section explains how the periodic payments you receive under a pension or annuity plan are taxed under the General Rule. Free state income tax forms Periodic payments are amounts paid at regular intervals (such as weekly, monthly, or yearly) for a period of time greater than one year (such as for 15 years or for life). Free state income tax forms These payments are also known as amounts received as an annuity. Free state income tax forms If you receive an amount from your plan that is a nonperiodic payment (amount not received as an annuity), see Taxation of Nonperiodic Payments in Publication 575. Free state income tax forms In general, you can recover your net cost of the pension or annuity tax free over the period you are to receive the payments. Free state income tax forms The amount of each payment that is more than the part that represents your net cost is taxable. Free state income tax forms Under the General Rule, the part of each annuity payment that represents your net cost is in the same proportion that your investment in the contract is to your expected return. Free state income tax forms These terms are explained in the following discussions. Free state income tax forms Investment in the Contract In figuring how much of your pension or annuity is taxable under the General Rule, you must figure your investment in the contract. Free state income tax forms First, find your net cost of the contract as of the annuity starting date (defined later). Free state income tax forms To find this amount, you must first figure the total premiums, contributions, or other amounts paid. Free state income tax forms This includes the amounts your employer contributed if you were required to include these amounts in income. Free state income tax forms It also includes amounts you actually contributed (except amounts for health and accident benefits and deductible voluntary employee contributions). Free state income tax forms From this total cost you subtract: Any refunded premiums, rebates, dividends, or unrepaid loans (any of which were not included in your income) that you received by the later of the annuity starting date or the date on which you received your first payment. Free state income tax forms Any additional premiums paid for double indemnity or disability benefits. Free state income tax forms Any other tax-free amounts you received under the contract or plan before the later of the dates in (1). Free state income tax forms The annuity starting date   is the later of the first day of the first period for which you receive payment under the contract or the date on which the obligation under the contract becomes fixed. Free state income tax forms Example. Free state income tax forms On January 1 you completed all your payments required under an annuity contract providing for monthly payments starting on August 1, for the period beginning July 1. Free state income tax forms The annuity starting date is July 1. Free state income tax forms This is the date you use in figuring your investment in the contract and your expected return (discussed later). Free state income tax forms Adjustments If any of the following items apply, adjust (add or subtract) your total cost to find your net cost. Free state income tax forms Foreign employment. Free state income tax forms   If you worked abroad, your cost may include contributions by your employer to the retirement plan, but only if those contributions would be excludible from your gross income had they been paid directly to you as compensation. Free state income tax forms The contributions that apply are: Contributions before 1963 by your employer, Contributions after 1962 by your employer if the contributions would be excludible from your gross income (without regard to the foreign earned income exclusion) had they been paid directly to you, or Contributions after 1996 by your employer on your behalf if you performed the services of a foreign missionary (a duly ordained, commissioned, or licensed minister of a church or a lay person) if the contributions would be excludible from your gross income had they been paid directly to you. Free state income tax forms Foreign employment contributions while a nonresident alien. Free state income tax forms   In determining your cost, special rules apply if you are a U. Free state income tax forms S. Free state income tax forms citizen or resident alien who received distributions from a plan to which contributions were made while you were a nonresident alien. Free state income tax forms Your contributions and your employer's contributions are not included in your cost if the contributions: Were made based on compensation which was for services performed outside the United States which you were a nonresident alien, and Were not subject to income tax under the laws of the United States or any foreign country, but only if the contribution would have been subject to income tax if they had been paid as cash compensation when the services were performed. Free state income tax forms Death benefit exclusion. Free state income tax forms   If you are the beneficiary of a deceased employee (or former employee), who died before August 21, 1996, you may qualify for a death benefit exclusion of up to $5,000. Free state income tax forms The beneficiary of a deceased employee who died after August 20, 1996, will not qualify for the death benefit exclusion. Free state income tax forms How to adjust your total cost. Free state income tax forms   If you are eligible, treat the amount of any allowable death benefit exclusion as additional cost paid by the employee. Free state income tax forms Add it to the cost or unrecovered cost of the annuity at the annuity starting date. Free state income tax forms See Example 3 under Computation Under General Rule for an illustration of the adjustment to the cost of the contract. Free state income tax forms Net cost. Free state income tax forms   Your total cost plus certain adjustments and minus other amounts already recovered before the annuity starting date is your net cost. Free state income tax forms This is the unrecovered investment in the contract as of the annuity starting date. Free state income tax forms If your annuity starting date is after 1986, this is the maximum amount that you may recover tax free under the contract. Free state income tax forms Refund feature. Free state income tax forms   Adjustment for the value of the refund feature is only applicable when you report your pension or annuity under the General Rule. Free state income tax forms Your annuity contract has a refund feature if: The expected return ( discussed later) of an annuity depends entirely or partly on the life of one or more individuals, The contract provides that payments will be made to a beneficiary or the estate of an annuitant on or after the death of the annuitant if a stated amount or a stated number of payments has not been paid to the annuitant or annuitants before death, and The payments are a refund of the amount you paid for the annuity contract. Free state income tax forms   If your annuity has a refund feature, you must reduce your net cost of the contract by the value of the refund feature (figured using Table III or VII at the end of this publication, also see How To Use Actuarial Tables , later) to find the investment in the contract. Free state income tax forms Zero value of refund feature. Free state income tax forms   For a joint and survivor annuity, the value of the refund feature is zero if: Both annuitants are age 74 or younger, The payments are guaranteed for less than 2½ years, and The survivor's annuity is at least 50% of the first annuitant's annuity. Free state income tax forms   For a single-life annuity without survivor benefit, the value of the refund feature is zero if: The payments are guaranteed for less than 2½ years, and The annuitant is: Age 57 or younger (if using the new (unisex) annuity tables), Age 42 or younger (if male and using the old annuity tables), or Age 47 or younger (if female and using the old annuity tables). Free state income tax forms   If you do not meet these requirements, you will have to figure the value of the refund feature, as explained in the following discussion. Free state income tax forms Examples. Free state income tax forms The first example shows how to figure the value of the refund feature when there is only one beneficiary. Free state income tax forms Example 2 shows how to figure the value of the refund feature when the contract provides, in addition to a whole life annuity, one or more temporary life annuities for the lives of children. Free state income tax forms In both examples, the taxpayer elects to use Tables V through VIII. Free state income tax forms If you need the value of the refund feature for a joint and survivor annuity, write to the Internal Revenue Service as explained under Requesting a Ruling on Taxation of Annuity near the end of this publication. Free state income tax forms Example 1. Free state income tax forms At age 65, Barbara bought for $21,053 an annuity with a refund feature. Free state income tax forms She will get $100 a month for life. Free state income tax forms Barbara's contract provides that if she does not live long enough to recover the full $21,053, similar payments will be made to her surviving beneficiary until a total of $21,053 has been paid under the contract. Free state income tax forms In this case, the contract cost and the total guaranteed return are the same ($21,053). Free state income tax forms Barbara's investment in the contract is figured as follows: Net cost $21,053 Amount to be received annually $1,200   Number of years for which payment is guaranteed ($21,053 divided by $1,200) 17. Free state income tax forms 54   Rounded to nearest whole number of years 18   Percentage from Actuarial Table VII for age 65 with 18 years of guaranteed payments 15%   Value of the refund feature (rounded to the nearest dollar)—15% of $21,053 3,158 Investment in the contract, adjusted for value of refund feature $17,895       If the total guaranteed return were less than the $21,053 net cost of the contract, Barbara would apply the appropriate percentage from the tables to the lesser amount. Free state income tax forms For example, if the contract guaranteed the $100 monthly payments for 17 years to Barbara's estate or beneficiary if she were to die before receiving all the payments for that period, the total guaranteed return would be $20,400 ($100 × 12 × 17 years). Free state income tax forms In this case, the value of the refund feature would be $2,856 (14% of $20,400) and Barbara's investment in the contract would be $18,197 ($21,053 minus $2,856) instead of $17,895. Free state income tax forms Example 2. Free state income tax forms John died while still employed. Free state income tax forms His widow, Eleanor, age 48, receives $171 a month for the rest of her life. Free state income tax forms John's son, Elmer, age 9, receives $50 a month until he reaches age 18. Free state income tax forms John's contributions to the retirement fund totaled $7,559. Free state income tax forms 45, with interest on those contributions of $1,602. Free state income tax forms 53. Free state income tax forms The guarantee or total refund feature of the contract is $9,161. Free state income tax forms 98 ($7,559. Free state income tax forms 45 plus $1,602. Free state income tax forms 53). Free state income tax forms The adjustment in the investment in the contract is figured as follows: A) Expected return:*       1) Widow's expected return:         Annual annuity ($171 × 12) $2,052       Multiplied by factor from Table V         (nearest age 48) 34. Free state income tax forms 9 $71,614. Free state income tax forms 80   2) Child's expected return:         Annual annuity ($50 × 12) $600       Multiplied by factor from         Table VIII (nearest age 9         for term of 9 years) 9. Free state income tax forms 0 5,400. Free state income tax forms 00   3) Total expected return   $77,014. Free state income tax forms 80 B) Adjustment for refund feature:       1) Contributions (net cost) $7,559. Free state income tax forms 45   2) Guaranteed amount (contributions of $7,559. Free state income tax forms 45 plus interest of $1,602. Free state income tax forms 53) $9,161. Free state income tax forms 98   3) Minus: Expected return under child's (temporary life) annuity (A(2)) 5,400. Free state income tax forms 00   4) Net guaranteed amount $3,761. Free state income tax forms 98   5) Multiple from Table VII (nearest age 48 for 2 years duration (recovery of $3,761. Free state income tax forms 98 at $171 a month to nearest whole year)) 0%   6) Adjustment required for value of refund feature rounded to the nearest whole dollar  (0% × $3,761. Free state income tax forms 98, the smaller of B(3) or B(6)) 0 *Expected return is the total amount you and other eligible annuitants can expect to receive under the contract. Free state income tax forms See the discussion of expected return, later in this publication. Free state income tax forms Free IRS help. Free state income tax forms   If you need to request assistance to figure the value of the refund feature, see Requesting a Ruling on Taxation of Annuity near the end of this publication. Free state income tax forms Expected Return Your expected return is the total amount you and other eligible annuitants can expect to receive under the contract. Free state income tax forms The following discussions explain how to figure the expected return with each type of annuity. Free state income tax forms A person's age, for purposes of figuring the expected return, is the age at the birthday nearest to the annuity starting date. Free state income tax forms Fixed period annuity. Free state income tax forms   If you will get annuity payments for a fixed number of years, without regard to your life expectancy, you must figure your expected return based on that fixed number of years. Free state income tax forms It is the total amount you will get beginning at the annuity starting date. Free state income tax forms You will receive specific periodic payments for a definite period of time, such as a fixed number of months (but not less than 13). Free state income tax forms To figure your expected return, multiply the fixed number of months for which payments are to be made by the amount of the payment specified for each period. Free state income tax forms Single life annuity. Free state income tax forms   If you are to get annuity payments for the rest of your life, find your expected return as follows. Free state income tax forms You must multiply the amount of the annual payment by a multiple based on your life expectancy as of the annuity starting date. Free state income tax forms These multiples are set out in actuarial Tables I and V near the end of this publication (see How To Use Actuarial Tables , later). Free state income tax forms   You may need to adjust these multiples if the payments are made quarterly, semiannually, or annually. Free state income tax forms See Adjustments to Tables I, II, V, VI, and VIA following Table I. Free state income tax forms Example. Free state income tax forms Henry bought an annuity contract that will give him an annuity of $500 a month for his life. Free state income tax forms If at the annuity starting date Henry's nearest birthday is 66, the expected return is figured as follows: Annual payment ($500 × 12 months) $6,000 Multiple shown in Table V, age 66 × 19. Free state income tax forms 2 Expected return $115,200 If the payments were to be made to Henry quarterly and the first payment was made one full month after the annuity starting date, Henry would adjust the 19. Free state income tax forms 2 multiple by +. Free state income tax forms 1. Free state income tax forms His expected return would then be $115,800 ($6,000 × 19. Free state income tax forms 3). Free state income tax forms Annuity for shorter of life or specified period. Free state income tax forms   With this type of annuity, you are to get annuity payments either for the rest of your life or until the end of a specified period, whichever period is shorter. Free state income tax forms To figure your expected return, multiply the amount of your annual payment by a multiple in Table IV or VIII for temporary life annuities. Free state income tax forms Find the proper multiple based on your sex (if using Table IV), your age at the annuity starting date, and the nearest whole number of years in the specified period. Free state income tax forms Example. Free state income tax forms Harriet purchased an annuity this year that will pay her $200 each month for five years or until she dies, whichever period is shorter. Free state income tax forms She was age 65 at her birthday nearest the annuity starting date. Free state income tax forms She figures the expected return as follows: Annual payment ($200 × 12 months) $2,400 Multiple shown in Table VIII, age 65, 5-year term × 4. Free state income tax forms 9 Expected return $11,760 She uses Table VIII (not Table IV) because all her contributions were made after June 30, 1986. Free state income tax forms See Special Elections, later. Free state income tax forms Joint and survivor annuities. Free state income tax forms   If you have an annuity that pays you a periodic income for life and after your death provides an identical lifetime periodic income to your spouse (or some other person), you figure the expected return based on your combined life expectancies. Free state income tax forms To figure the expected return, multiply the annual payment by a multiple in Table II or VI based on your joint life expectancies. Free state income tax forms If your payments are made quarterly, semiannually, or annually, you may need to adjust these multiples. Free state income tax forms See Adjustments to Tables I, II, V, VI, and VIA following Table I near the end of this publication. Free state income tax forms Example. Free state income tax forms John bought a joint and survivor annuity providing payments of $500 a month for his life, and, after his death, $500 a month for the remainder of his wife's life. Free state income tax forms At John's annuity starting date, his age at his nearest birthday is 70 and his wife's at her nearest birthday is 67. Free state income tax forms The expected return is figured as follows: Annual payment ($500 × 12 months) $6,000 Multiple shown in Table VI, ages 67 and 70 × 22. Free state income tax forms 0 Expected return $132,000 Different payments to survivor. Free state income tax forms   If your contract provides that payments to a survivor annuitant will be different from the amount you receive, you must use a computation which accounts for both the joint lives of the annuitants and the life of the survivor. Free state income tax forms Example 1. Free state income tax forms Gerald bought a contract providing for payments to him of $500 a month for life and, after his death, payments to his wife, Mary, of $350 a month for life. Free state income tax forms If, at the annuity starting date, Gerald's nearest birthday is 70 and Mary's is 67, the expected return under the contract is figured as follows: Combined multiple for Gerald and Mary, ages 70 and 67 (from Table VI)   22. Free state income tax forms 0 Multiple for Gerald, age 70 (from Table V)   16. Free state income tax forms 0 Difference: Multiple applicable to Mary   6. Free state income tax forms 0 Gerald's annual payment ($500 × 12) $6,000   Gerald's multiple 16. Free state income tax forms 0   Gerald's expected return   $96,000 Mary's annual payment ($350 × 12) $4,200   Mary's multiple 6. Free state income tax forms 0   Mary's expected return   25,200 Total expected return under the contract   $121,200 Example 2. Free state income tax forms Your husband died while still employed. Free state income tax forms Under the terms of his employer's retirement plan, you are entitled to get an immediate annuity of $400 a month for the rest of your life or until you remarry. Free state income tax forms Your daughters, Marie and Jean, are each entitled to immediate temporary life annuities of $150 a month until they reach age 18. Free state income tax forms You were 50 years old at the annuity starting date. Free state income tax forms Marie was 16 and Jean was 14. Free state income tax forms Using the multiples shown in Tables V and VIII at the end of this publication, the total expected return on the annuity starting date is $169,680, figured as follows: Widow, age 50 (multiple from Table V—33. Free state income tax forms 1 × $4,800 annual payment) $158,880 Marie, age 16 for 2 years duration (multiple from Table VIII—2. Free state income tax forms 0 × $1,800 annual payment) 3,600 Jean, age 14 for 4 years duration (multiple from Table VIII—4. Free state income tax forms 0 × $1,800 annual payment) 7,200 Total expected return $169,680 No computation of expected return is made based on your husband's age at the date of death because he died before the annuity starting date. Free state income tax forms Computation Under the General Rule Note. Free state income tax forms Variable annuities use a different computation for determining the exclusion amounts. Free state income tax forms See Variable annuities later. Free state income tax forms Under the General Rule, you figure the taxable part of your annuity by using the following steps: Step 1. Free state income tax forms   Figure the amount of your investment in the contract, including any adjustments for the refund feature and the death benefit exclusion, if applicable. Free state income tax forms See Death benefit exclusion , earlier. Free state income tax forms Step 2. Free state income tax forms   Figure your expected return. Free state income tax forms Step 3. Free state income tax forms   Divide Step 1 by Step 2 and round to three decimal places. Free state income tax forms This will give you the exclusion percentage. Free state income tax forms Step 4. Free state income tax forms   Multiply the exclusion percentage by the first regular periodic payment. Free state income tax forms The result is the tax-free part of each pension or annuity payment. Free state income tax forms   The tax-free part remains the same even if the total payment increases due to variation in the annuity amount such as cost of living increases, or you outlive the life expectancy factor used. Free state income tax forms However, if your annuity starting date is after 1986, the total amount of annuity income that is tax free over the years cannot exceed your net cost. Free state income tax forms   Each annuitant applies the same exclusion percentage to his or her initial payment called for in the contract. Free state income tax forms Step 5. Free state income tax forms   Multiply the tax-free part of each payment (step 4) by the number of payments received during the year. Free state income tax forms This will give you the tax-free part of the total payment for the year. Free state income tax forms    In the first year of your annuity, your first payment or part of your first payment may be for a fraction of the payment period. Free state income tax forms This fractional amount is multiplied by your exclusion percentage to get the tax-free part. Free state income tax forms Step 6. Free state income tax forms   Subtract the tax-free part from the total payment you received. Free state income tax forms The rest is the taxable part of your pension or annuity. Free state income tax forms Example 1. Free state income tax forms You purchased an annuity with an investment in the contract of $10,800. Free state income tax forms Under its terms, the annuity will pay you $100 a month for life. Free state income tax forms The multiple for your age (age 65) is 20. Free state income tax forms 0 as shown in Table V. Free state income tax forms Your expected return is $24,000 (20 × 12 × $100). Free state income tax forms Your cost of $10,800, divided by your expected return of $24,000, equals 45. Free state income tax forms 0%. Free state income tax forms This is the percentage you will not have to include in income. Free state income tax forms Each year, until your net cost is recovered, $540 (45% of $1,200) will be tax free and you will include $660 ($1,200 − $540) in your income. Free state income tax forms If you had received only six payments of $100 ($600) during the year, your exclusion would have been $270 (45% of $100 × 6 payments). Free state income tax forms Example 2. Free state income tax forms Gerald bought a joint and survivor annuity. Free state income tax forms Gerald's investment in the contract is $62,712 and the expected return is $121,200. Free state income tax forms The exclusion percentage is 51. Free state income tax forms 7% ($62,712 ÷ $121,200). Free state income tax forms Gerald will receive $500 a month ($6,000 a year). Free state income tax forms Each year, until his net cost is recovered, $3,102 (51. Free state income tax forms 7% of his total payments received of $6,000) will be tax free and $2,898 ($6,000 − $3,102) will be included in his income. Free state income tax forms If Gerald dies, his wife will receive $350 a month ($4,200 a year). Free state income tax forms If Gerald had not recovered all of his net cost before his death, his wife will use the same exclusion percentage (51. Free state income tax forms 7%). Free state income tax forms Each year, until the entire net cost is recovered, his wife will receive $2,171. Free state income tax forms 40 (51. Free state income tax forms 7% of her payments received of $4,200) tax free. Free state income tax forms She will include $2,028. Free state income tax forms 60 ($4,200 − $2,171. Free state income tax forms 40) in her income tax return. Free state income tax forms Example 3. Free state income tax forms Using the same facts as Example 2 under Different payments to survivor, you are to receive an annual annuity of $4,800 until you die or remarry. Free state income tax forms Your two daughters each receive annual annuities of $1,800 until they reach age 18. Free state income tax forms Your husband contributed $25,576 to the plan. Free state income tax forms You are eligible for the $5,000 death benefit exclusion because your husband died before August 21, 1996. Free state income tax forms Adjusted Investment in the Contract Contributions $25,576 Plus: Death benefit exclusion 5,000 Adjusted investment in the contract $30,576 The total expected return, as previously figured (in Example 2 under Different payments to survivor), is $169,680. Free state income tax forms The exclusion percentage of 18. Free state income tax forms 0% ($30,576 ÷ $169,680) applies to the annuity payments you and each of your daughters receive. Free state income tax forms Each full year $864 (18. Free state income tax forms 0% × $4,800) will be tax free to you, and you must include $3,936 in your income tax return. Free state income tax forms Each year, until age 18, $324 (18. Free state income tax forms 0% × $1,800) of each of your daughters' payments will be tax free and each must include the balance, $1,476, as income on her own income tax return. Free state income tax forms Part-year payments. Free state income tax forms   If you receive payments for only part of a year, apply the exclusion percentage to the first regular periodic payment, and multiply the result by the number of payments received during the year. Free state income tax forms   If you receive amounts during the year that represent 12 payments, one for each month in that year, and an amount that represents payments for months in a prior year, apply the exclusion percentage to the first regular periodic payment, and multiply the result by the number of payments the amounts received represent. Free state income tax forms For instance, if you received amounts during the year that represent the 12 payments for that year plus an amount that represents three payments for a prior year, multiply that amount by the 15 (12 + 3) payments received that the year. Free state income tax forms   If you received a fractional payment, follow Step 5, discussed earlier. Free state income tax forms This gives you the tax-free part of your total payment. Free state income tax forms Example. Free state income tax forms On September 28, Mary bought an annuity contract for $22,050 that will give her $125 a month for life, beginning October 30. Free state income tax forms The applicable multiple from Table V is 23. Free state income tax forms 3 (age 61). Free state income tax forms Her expected return is $34,950 ($125 × 12 × 23. Free state income tax forms 3). Free state income tax forms Mary's investment in the contract of $22,050, divided by her expected return of $34,950, equals 63. Free state income tax forms 1%. Free state income tax forms Each payment received will consist of 63. Free state income tax forms 1% return of cost and 36. Free state income tax forms 9% taxable income, until her net cost of the contract is fully recovered. Free state income tax forms During the first year, Mary received three payments of $125, or $375, of which $236. Free state income tax forms 63 (63. Free state income tax forms 1% × $375) is a return of cost. Free state income tax forms The remaining $138. Free state income tax forms 37 is included in income. Free state income tax forms Increase in annuity payments. Free state income tax forms   The tax-free amount remains the same as the amount figured at the annuity starting date, even if the payment increases. Free state income tax forms All increases in the installment payments are fully taxable. Free state income tax forms   However, if your annuity payments are scheduled to increase at a definite date in the future you must figure the expected return for that annuity using the method described in section 1. Free state income tax forms 72-5(a)(5) of the regulations. Free state income tax forms Example. Free state income tax forms Joe's wife died while she was still employed and, as her beneficiary, he began receiving an annuity of $147 per month. Free state income tax forms In figuring the taxable part, Joe elects to use Tables V through VIII. Free state income tax forms The cost of the contract was $7,938, consisting of the sum of his wife's net contributions, adjusted for any refund feature. Free state income tax forms His expected return as of the annuity starting date is $35,280 (age 65, multiple of 20. Free state income tax forms 0 × $1,764 annual payment). Free state income tax forms The exclusion percentage is $7,938 ÷ $35,280, or 22. Free state income tax forms 5%. Free state income tax forms During the year he received 11 monthly payments of $147, or $1,617. Free state income tax forms Of this amount, 22. Free state income tax forms 5% × $147 × 11 ($363. Free state income tax forms 83) is tax free as a return of cost and the balance of $1,253. Free state income tax forms 17 is taxable. Free state income tax forms Later, because of a cost-of-living increase, his annuity payment was increased to $166 per month, or $1,992 a year (12 × $166). Free state income tax forms The tax-free part is still only 22. Free state income tax forms 5% of the annuity payments as of the annuity starting date (22. Free state income tax forms 5% × $147 × 12 = $396. Free state income tax forms 90 for a full year). Free state income tax forms The increase of $228 ($1,992 − $1,764 (12 × $147)) is fully taxable. Free state income tax forms Variable annuities. Free state income tax forms   For variable annuity payments, figure the amount of each payment that is tax free by dividing your investment in the contract (adjusted for any refund feature) by the total number of periodic payments you expect to get under the contract. Free state income tax forms   If the annuity is for a definite period, you determine the total number of payments by multiplying the number of payments to be made each year by the number of years you will receive payments. Free state income tax forms If the annuity is for life, you determine the total number of payments by using a multiple from the appropriate actuarial table. Free state income tax forms Example. Free state income tax forms Frank purchased a variable annuity at age 65. Free state income tax forms The total cost of the contract was $12,000. Free state income tax forms The annuity starting date is January 1 of the year of purchase. Free state income tax forms His annuity will be paid, starting July 1, in variable annual installments for his life. Free state income tax forms The tax-free amount of each payment, until he has recovered his cost of his contract, is: Investment in the contract $12,000 Number of expected annual payments (multiple for age 65 from Table V) 20 Tax-free amount of each payment ($12,000 ÷ 20) $600 If Frank's first payment is $920, he includes only $320 ($920 − $600) in his gross income. Free state income tax forms   If the tax-free amount for a year is more than the payments you receive in that year, you may choose, when you receive the next payment, to refigure the tax-free part. Free state income tax forms Divide the amount of the periodic tax-free part that is more than the payment you received by the remaining number of payments you expect. Free state income tax forms The result is added to the previously figured periodic tax-free part. Free state income tax forms The sum is the amount of each future payment that will be tax free. Free state income tax forms Example. Free state income tax forms Using the facts of the previous example about Frank, assume that after Frank's $920 payment, he received $500 in the following year, and $1,200 in the year after that. Free state income tax forms Frank does not pay tax on the $500 (second year) payment because $600 of each annual pension payment is tax free. Free state income tax forms Since the $500 payment is less than the $600 annual tax-free amount, he may choose to refigure his tax-free part when he receives his $1,200 (third year) payment, as follows: Amount tax free in second year $600. Free state income tax forms 00 Amount received in second year 500. Free state income tax forms 00 Difference $100. Free state income tax forms 00 Number of remaining payments after the first 2 payments (age 67, from Table V) 18. Free state income tax forms 4 Amount to be added to previously determined annual tax-free part ($100 ÷ 18. Free state income tax forms 4) $5. Free state income tax forms 43 Revised annual tax-free part for third and later years ($600 + $5. Free state income tax forms 43) $605. Free state income tax forms 43 Amount taxable in third year ($1,200 − $605. Free state income tax forms 43) $594. Free state income tax forms 57 If you choose to refigure your tax-free amount,   you must file a statement with your income tax return stating that you are refiguring the tax-free amount in accordance with the rules of section 1. Free state income tax forms 72–4(d)(3) of the Income Tax Regulations. Free state income tax forms The statement must also show the following information: The annuity starting date and your age on that date. Free state income tax forms The first day of the first period for which you received an annuity payment in the current year. Free state income tax forms Your investment in the contract as originally figured. Free state income tax forms The total of all amounts received tax free under the annuity from the annuity starting date through the first day of the first period for which you received an annuity payment in the current tax year. Free state income tax forms Exclusion Limits Your annuity starting date determines the total amount of annuity income that you can exclude from income over the years. Free state income tax forms Exclusion limited to net cost. Free state income tax forms   If your annuity starting date is after 1986, the total amount of annuity income that you can exclude over the years as a return of your cost cannot exceed your net cost (figured without any reduction for a refund feature). Free state income tax forms This is the unrecovered investment in the contract as of the annuity starting date. Free state income tax forms   If your annuity starting date is after July 1, 1986, any unrecovered net cost at your (or last annuitant's) death is allowed as a miscellaneous itemized deduction on the final return of the decedent. Free state income tax forms This deduction is not subject to the 2%-of-adjusted-gross-income limit. Free state income tax forms Example 1. Free state income tax forms Your annuity starting date is after 1986. Free state income tax forms Your total cost is $12,500, and your net cost is $10,000, taking into account certain adjustments. Free state income tax forms There is no refund feature. Free state income tax forms Your monthly annuity payment is $833. Free state income tax forms 33. Free state income tax forms Your exclusion ratio is 12% and you exclude $100 a month. Free state income tax forms Your exclusion ends after 100 months, when you have excluded your net cost of $10,000. Free state income tax forms Thereafter, your annuity payments are fully taxable. Free state income tax forms Example 2. Free state income tax forms The facts are the same as in Example 1, except that there is a refund feature, and you die after 5 years with no surviving annuitant. Free state income tax forms The adjustment for the refund feature is $1,000, so the investment in the contract is $9,000. Free state income tax forms The exclusion ratio is 10. Free state income tax forms 8%, and your monthly exclusion is $90. Free state income tax forms After 5 years (60 months), you have recovered tax free only $5,400 ($90 x 60). Free state income tax forms An itemized deduction for the unrecovered net cost of $4,600 ($10,000 net cost minus $5,400) may be taken on your final income tax return. Free state income tax forms Your unrecovered investment is determined without regard to the refund feature adjustment, discussed earlier, under Adjustments. Free state income tax forms Exclusion not limited to net cost. Free state income tax forms   If your annuity starting date was before 1987, you could continue to take your monthly exclusion for as long as you receive your annuity. Free state income tax forms If you choose a joint and survivor annuity, your survivor continues to take the survivor's exclusion figured as of the annuity starting date. Free state income tax forms The total exclusion may be more than your investment in the contract. Free state income tax forms How To Use Actuarial Tables In figuring, under the General Rule, the taxable part of your annuity payments that you are to get for the rest of your life (rather than for a fixed number of years), you must use one or more of the actuarial tables in this publication. Free state income tax forms Unisex Annuity Tables Effective July 1, 1986, the Internal Revenue Service adopted new annuity Tables V through VIII, in which your sex is not considered when determining the applicable factor. Free state income tax forms These tables correspond to the old Tables I through IV. Free state income tax forms In general, Tables V through VIII must be used if you made contributions to the retirement plan after June 30, 1986. Free state income tax forms If you made no contributions to the plan after June 30, 1986, generally you must use only Tables I through IV. Free state income tax forms However, if you received an annuity payment after June 30, 1986, you may elect to use Tables V through VIII (see Annuity received after June 30, 1986, later). Free state income tax forms Special Elections Although you generally must use Tables V through VIII if you made contributions to the retirement plan after June 30, 1986, and Tables I through IV if you made no contributions after June 30, 1986, you can make the following special elections to select which tables to use. Free state income tax forms Contributions made both before July 1986 and after June 1986. Free state income tax forms   If you made contributions to the retirement plan both before July 1986 and after June 1986, you may elect to use Tables I through IV for the pre-July 1986 cost of the contract, and Tables V through VIII for the post-June 1986 cost. Free state income tax forms (See the examples below. Free state income tax forms )    Making the election. Free state income tax forms Attach this statement to your income tax return for the first year in which you receive an annuity:    “I elect to apply the provisions of paragraph (d) of section 1. Free state income tax forms 72–6 of the Income Tax Regulations. Free state income tax forms ”   The statement must also include your name, address, social security number, and the amount of the pre-July 1986 investment in the contract. Free state income tax forms   If your investment in the contract includes post-June 1986 contributions to the plan, and you do not make the election to use Tables I through IV and Tables V through VIII, then you can only use Tables V through VIII in figuring the taxable part of your annuity. Free state income tax forms You must also use Tables V through VIII if you are unable or do not wish to determine the portions of your contributions which were made before July 1, 1986, and after June 30, 1986. Free state income tax forms    Advantages of election. Free state income tax forms In general, a lesser amount of each annual annuity payment is taxable if you separately figure your exclusion ratio for pre-July 1986 and post-June 1986 contributions. Free state income tax forms    If you intend to make this election, save your records that substantiate your pre-July 1986 and post-June 1986 contributions. Free state income tax forms If the death benefit exclusion applies (see discussion, earlier), you do not have to apportion it between the pre-July 1986 and the post-June 1986 investment in the contract. Free state income tax forms   The following examples illustrate the separate computations required if you elect to use Tables I through IV for your pre-July 1986 investment in the contract and Tables V through VIII for your post-June 1986 investment in the contract. Free state income tax forms Example 1. Free state income tax forms Bill, who is single, contributed $42,000 to the retirement plan and will receive an annual annuity of $24,000 for life. Free state income tax forms Payment of the $42,000 contribution is guaranteed under a refund feature. Free state income tax forms Bill is 55 years old as of the annuity starting date. Free state income tax forms For figuring the taxable part of Bill's annuity, he chose to make separate computations for his pre-July 1986 investment in the contract of $41,300, and for his post-June 1986 investment in the contract of $700. Free state income tax forms       Pre- July 1986   Post- June 1986 A. Free state income tax forms Adjustment for refund feature         1) Net cost $41,300   $700   2) Annual annuity—$24,000  ($41,300/$42,000 × $24,000) $23,600       ($700/$42,000 × $24,000)     $400   3) Guarantee under contract $41,300   $700   4) No. Free state income tax forms of years payments  guaranteed (rounded), A(3) ÷ A(2) 2   2   5) Applicable percentage from  Tables III and VII 1%   0%   6) Adjustment for value of refund  feature, A(5) × smaller of A(1)  or A(3) $413   $0 B. Free state income tax forms Investment in the contract         1) Net cost $41,300   $700   2) Minus: Amount in A(6) 413   0   3) Investment in the contract $40,887   $700 C. Free state income tax forms Expected return         1) Annual annuity receivable $24,000   $24,000   2) Multiples from Tables I and V 21. Free state income tax forms 7   28. Free state income tax forms 6   3) Expected return, C(1) × C(2) $520,800   $686,400 D. Free state income tax forms Tax-free part of annuity         1) Exclusion ratio as decimal,  B(3) ÷ C(3) . Free state income tax forms 079   . Free state income tax forms 001   2) Tax-free part, C(1) × D(1) $1,896   $24 The tax-free part of Bill's total annuity is $1,920 ($1,896 plus $24). Free state income tax forms The taxable part of his annuity is $22,080 ($24,000 minus $1,920). Free state income tax forms If the annuity starting date is after 1986, the exclusion over the years cannot exceed the net cost (figured without any reduction for a refund feature). Free state income tax forms Example 2. Free state income tax forms Al is age 62 at his nearest birthday to the annuity starting date. Free state income tax forms Al's wife is age 60 at her nearest birthday to the annuity starting date. Free state income tax forms The joint and survivor annuity pays $1,000 per month to Al for life, and $500 per month to Al's surviving wife after his death. Free state income tax forms The pre-July 1986 investment in the contract is $53,100 and the post-June 1986 investment in the contract is $7,000. Free state income tax forms Al makes the election described in Example 1 . Free state income tax forms For purposes of this example, assume the refund feature adjustment is zero. Free state income tax forms If an adjustment is required, IRS will figure the amount. Free state income tax forms See Requesting a Ruling on Taxation of Annuity near the end of this publication. Free state income tax forms       Pre-  July 1986   Post-  June 1986 A. Free state income tax forms Adjustment for refund feature         1) Net cost $53,100   $7,000   2) Annual annuity—$12,000  ($53,100/$60,100 × $12,000) $10,602       ($7,000/$60,100 × $12,000)     $1,398   3) Guaranteed under the contract $53,100   $7,000   4) Number of years guaranteed,  rounded, A(3) ÷ A(2) 5   5   5) Applicable percentages 0%   0%   6) Refund feature adjustment, A(5) × smaller of A(1) or A(3) 0   0 B. Free state income tax forms Investment in the contract         1) Net cost $53,100   $7,000   2) Refund feature adjustment 0   0   3) Investment in the contract adjusted for refund feature $53,100   $7,000 C. Free state income tax forms Expected return         1) Multiple for both annuitants from Tables II and VI 25. Free state income tax forms 4   28. Free state income tax forms 8   2) Multiple for first annuitant from Tables I and V 16. Free state income tax forms 9   22. Free state income tax forms 5   3) Multiple applicable to surviving annuitant, subtract C(2) from C(1) 8. Free state income tax forms 5   6. Free state income tax forms 3   4) Annual annuity to surviving annuitant $6,000   $6,000   5) Portion of expected return for surviving annuitant, C(4) × C(3) $51,000   $37,800   6) Annual annuity to first annuitant $12,000   $12,000   7) Plus: Portion of expected return for first annuitant, C(6) × C(2) $202,800   $270,000   8) Expected return for both annuitants, C(5) + C(7) $253,800   $307,800 D. Free state income tax forms Tax-free part of annuity         1) Exclusion ratio as a decimal, B(3) ÷ C(8) . Free state income tax forms 209   . Free state income tax forms 023   2) Retiree's tax-free part of annuity, C(6) × D(1) $2,508   $276   3) Survivor's tax-free part of annuity, C(4) × D(1) $1,254   $138 The tax-free part of Al's total annuity is $2,784 ($2,508 + $276). Free state income tax forms The taxable part of his annuity is $9,216 ($12,000 − $2,784). Free state income tax forms The exclusion over the years cannot exceed the net cost of the contract (figured without any reduction for a refund feature) if the annuity starting date is after 1986. Free state income tax forms After Al's death, his widow will apply the same exclusion percentages (20. Free state income tax forms 9% and 2. Free state income tax forms 3%) to her annual annuity of $6,000 to figure the tax-free part of her annuity. Free state income tax forms Annuity received after June 30, 1986. Free state income tax forms   If you receive an annuity payment after June 30, 1986, (regardless of your annuity starting date), you may elect to treat the entire cost of the contract as post-June 1986 cost (even if you made no post-June 1986 contributions to the plan) and use Tables V through VIII. Free state income tax forms Once made, you cannot revoke the election, which will apply to all payments during the year and in any later year. Free state income tax forms    Make the election by attaching the following statement to your income tax return. Free state income tax forms    “I elect, under section 1. Free state income tax forms 72–9 of the Income Tax Regulations, to treat my entire cost of the contract as a post-June 1986 cost of the plan. Free state income tax forms ”   The statement must also include your name, address, and social security number. Free state income tax forms   You should also indicate you are making this election if you are unable or do not wish to determine the parts of your contributions which were made before July 1, 1986, and after June 30, 1986. Free state income tax forms Disqualifying form of payment or settlement. Free state income tax forms   If your annuity starting date is after June 30, 1986, and the contract provides for a disqualifying form of payment or settlement, such as an option to receive a lump sum in full discharge of the obligation under the contract, the entire investment in the contract is treated as post-June 1986 investment in the contract. Free state income tax forms See regulations section 1. Free state income tax forms 72–6(d)(3) for additional examples of disqualifying forms of payment or settlement. Free state income tax forms You can find the Income Tax Regulations in many libraries and at Internal Revenue Service Offices. Free state income tax forms Worksheets for Determining Taxable Annuity Worksheets I and II. Free state income tax forms   Worksheets I and II follow for determining your taxable annuity under Regulations Section 1. Free state income tax forms 72–6(d)(6) Election. Free state income tax forms Worksheet I For Determining Taxable Annuity Under Regulations Section 1. Free state income tax forms 72-6(d)(6) Election For Single Annuitant With No Survivor Annuity               Pre-July 1986   Post-June 1986 A. Free state income tax forms   Refund Feature Adjustment             1)   Net cost (total cost less returned premiums, dividends, etc. Free state income tax forms )             2)   Annual annuity allocation:                   Portion of net cost in A(1) x annual annuity                   Net cost             3)   Guaranteed under the contract             4)   Number of years guaranteed, rounded to whole years:                   A(3) divided by A(2)             5)   Applicable percentages* from Tables III and VII                   *If your annuity meets the three conditions listed in Zero value of refund feature in Investment in the Contract, earlier, both percentages are 0. Free state income tax forms If not, the IRS will calculate the refund feature percentage. Free state income tax forms             6)   Refund feature adjustment:                   A(5) times lesser of A(1) or A(3)                             B. Free state income tax forms   Investment in the Contract             1)   Net cost:                   A(1)             2)   Refund feature adjustment:                   A(6)             3)   Investment in the contract adjusted for refund feature:                   B(1) minus B(2)                             C. Free state income tax forms   Expected Return             1)   Annual Annuity:                   12 times monthly annuity**             2)   Expected return multiples from Tables I and V             3)     Expected return:                   C(1) times C(2)                             D. Free state income tax forms   Tax-Free Part of Annuity             1)     Exclusion ratio, as a decimal rounded to 3 places:                   B(3) divided by C(3)             2)     Tax-free part of annuity:                   C(1) times D(1)             **If the annuity is not paid monthly, figure the amount to enter by using the total number of periodic payments for the year times the amount of the periodic payment. Free state income tax forms     Worksheet II For Determining Taxable Annuity Under Regulations Section 1. Free state income tax forms 72-6(d)(6) Election For Joint and Survivor Annuity               Pre-July 1986   Post-June 1986 A. Free state income tax forms   Refund Feature Adjustment             1)   Net cost (total cost less returned premiums, dividends, etc. Free state income tax forms )             2)   Annual annuity allocation:                   Portion of net cost in A(1) x annual annuity                   Net cost             3)   Guaranteed under the contract             4)     Number of years guaranteed, rounded to whole years:                   A(3) divided by A(2)             5)   Applicable percentages*                   *If your annuity meets the three conditions listed in Zero value of refund feature in Investment in the Contract, earlier, both percentages are 0. Free state income tax forms If not, the IRS will calculate the refund feature percentage. Free state income tax forms             6)   Refund feature adjustment:                   A(5) times lesser of A(1) or A(3)                             B. Free state income tax forms   Investment in the Contract             1)   Net cost:                   A(1)             2)   Refund feature adjustment:                   A(6)             3)   Investment in the contract adjusted for refund future:                   B(1) minus B(2)                             C. Free state income tax forms   Expected Return             1)   Multiples for both annuitants, Tables II and VI             2)   Multiple for retiree. Free state income tax forms Tables I and VI             3)   Multiple for survivor:                   C(1) minus C(2)             4)   Annual annuity to survivor:                   12 times potential monthly rate for survivor**             5)   Expected return for survivor:                   C(3) times C(4)             6)   Annual annuity to retiree:                   12 times monthly rate for retiree**             7)   Expected return for retiree:                   C(2) times C(6)             8)   Total expected return:                   C(5) plus C(7)                             D. Free state income tax forms   Tax-Free Part of Annuity             1)   Exclusion ratio, as a decimal rounded to 3 places:                   B(3) divided by C(8)             2)   Retiree's tax-free part of annuity:                   C(6) times D(1)             3)   Survivor's tax-free part of annuity, if surviving after death of retiree:                   C(4) times D(1)             **If the annuity is not paid monthly, figure the amount to enter by using the total number of periodic payments for the year times the amount of the periodic payment. Free state income tax forms   Actuarial Tables Please click here for the text description of the image. Free state income tax forms Actuarial Tables Please click here for the text description of the image. Free state income tax forms Actuarial Tables Please click here for the text description of the image. Free state income tax forms Actuarial tables Please click here for the text description of the image. 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Free state income tax forms   Under the law in effect at the time this publication went to print, the IRS must charge a user fee for all ruling requests. Free state income tax forms You should call the IRS for the proper fee. Free state income tax forms A request solely for the value of the refund feature is not treated as a ruling request and requires no fee. Free state income tax forms Send your request to:     Internal Revenue Service  Attention: EP Letter Rulings P. Free state income tax forms O. Free state income tax forms Box 27063 McPherson Station Washington, DC 20038 The user fee is allowed as a miscellaneous itemized deduction, subject to the 2%-of-adjusted-gross-income limit. Free state income tax forms When to make the request. Free state income tax forms   Please note that requests sent between February 1 and April 15 may experience some delay. Free state income tax forms We process requests in the order received, and we will reply to your request as soon as we can process it. Free state income tax forms If you do not receive your ruling by the required filing date, you may use Form 4868, Application for Automatic Extension of Time To File U. Free state income tax forms S. Free state income tax forms Individual Income Tax Return, to get an extension of time to file. Free state income tax forms Information you must furnish. Free state income tax forms   You must furnish the information listed below so the IRS can comply with your request. Free state income tax forms Failure to furnish the information will result in a delay in processing your request. Free state income tax forms Please send only copies of the following documents, as the IRS retains all material sent for its records: A letter explaining the question(s) you wish to have resolved or the information you need from the ruling. Free state income tax forms Copies of any documents showing distributions, annuity rates, and annuity options available to you. Free state income tax forms A copy of any Form 1099–R you received since your annuity began. Free state income tax forms A statement indicating whether you have filed your return for the year for which you are making the request. Free state income tax forms If you have requested an extension of time to file that return, please indicate the extension date. Free state income tax forms Your daytime phone number. Free state income tax forms Your current mailing address. Free state income tax forms A power of attorney if someone other than you, an attorney, a certified public accountant, or an enrolled agent is signing this request. Free state income tax forms Form 2848, Power of Attorney and Declaration of Representative, may be used for this purpose. Free state income tax forms A completed Tax Information Sheet (or facsimile) shown on the next page. Free state income tax forms Sign and date the Disclosure and Perjury Statement (or facsimile) at the end of the tax information sheet. Free state income tax forms This statement must be signed by the retiree or the survivor annuitant. Free state income tax forms It cannot be signed by a representative. Free state income tax forms Tax Information Sheet Please click here for the text description of the image. Free state income tax forms Tax Information Sheet Please click here for the text description of the image. Free state income tax forms Tax Information Sheet (continued) How To Get Tax Help Whether it's help with a tax issue, preparing your tax return or a need for a free publication or form, get the help you need the way you want it: online, use a smart phone, call or walk in to an IRS office or volunteer site near you. Free state income tax forms Free help with your tax return. Free state income tax forms   You can get free help preparing your return nationwide from IRS-certified volunteers. Free state income tax forms The Volunteer Income Tax Assistance (VITA) program helps low-to-moderate income, elderly, people with disabilities, and limited English proficient taxpayers. Free state income tax forms The Tax Counseling for the Elderly (TCE) program helps taxpayers age 60 and older with their tax returns. Free state income tax forms Most VITA and TCE sites offer free electronic filing and all volunteers will let you know about credits and deductions you may be entitled to claim. Free state income tax forms In addition, some VITA and TCE sites provide taxpayers the opportunity to prepare their own return with help from an IRS-certified volunteer. Free state income tax forms To find the nearest VITA or TCE site, you can use the VITA Locator Tool on IRS. Free state income tax forms gov, download the IRS2Go app, or call 1-800-906-9887. 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Free state income tax forms Use it to check your refund status, order transcripts of your tax returns or tax account, watch the IRS YouTube channel, get IRS news as soon as it's released to the public, subscribe to filing season updates or daily tax tips, and follow the IRS Twitter news feed, @IRSnews, to get the latest federal tax news, including information about tax law changes and important IRS programs. Free state income tax forms Check the status of your 2013 refund with the Where's My Refund? application on IRS. Free state income tax forms gov or download the IRS2Go app and select the Refund Status option. Free state income tax forms The IRS issues more than 9 out of 10 refunds in less than 21 days. Free state income tax forms Using these applications, you can start checking on the status of your return within 24 hours after we receive your e-filed return or 4 weeks after you mail a paper return. 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IRS Outlines Filing and Payment Options for Taxpayers Affected by Hurricane Irene, Tropical Storm Lee and Texas Wildfires

Oct. 4, 2011

WASHINGTON –– The Internal Revenue Service today reminded taxpayers affected by Hurricane Irene, Tropical Storm Irene, Tropical Storm Lee and the Texas wildfires that they have until Oct. 31 to meet certain tax filing and payment obligations and announced that e-File and Free File would remain available to accept their returns.

E-file, which will close for all other taxpayers following the Oct. 17 extension filing deadline, will be open through the end of October to any taxpayer who lives or has a business in areas granted tax relief because of Hurricane Irene, Tropical Storm Irene, the Texas wildfires or Tropical Storm Lee in New York and Pennsylvania.

Special Instructions for e-Filers

The IRS encouraged any taxpayer who wants to include a payment with the tax return to e-File by Oct. 20.

Because of year-end programming changes, IRS e-File will not accept returns that include payments after Oct 20. E-file returns that include a payment after that date will be rejected, but the IRS offers other options for these taxpayers to still e-file but pay separately by using:

EFTPS (The Electronic Federal Tax Payment System)
credit or debit card
check or money order

These guidelines apply to e-File and Free File returns only. Payments accompanying paper returns are not affected.

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Page Last Reviewed or Updated: 21-Mar-2014

The Free State Income Tax Forms

Free state income tax forms 11. Free state income tax forms   Beneficios del Seguro Social y Beneficios Equivalentes de la Jubilación para Empleados Ferroviarios Table of Contents Introduction Useful Items - You may want to see: ¿Está Sujeta a Impuestos Alguna Parte de los Beneficios? Cómo Declarar los Beneficios¿Cuánto Está Sujeto a Impuestos? Ejemplos Deducciones Relacionadas con los BeneficiosReintegros Superiores a los Beneficios Brutos Introduction Este capítulo explica las reglas del impuesto federal sobre el ingreso para los beneficios del Seguro Social y beneficios equivalentes de la jubilación para empleados ferroviarios de nivel 1. Free state income tax forms Explica los siguientes temas: Cómo determinar si los beneficios están sujetos a impuestos. Free state income tax forms Cómo usar la hoja de trabajo de beneficios del Seguro Social (con ejemplos). Free state income tax forms Cómo declarar los beneficios sujetos a impuestos. Free state income tax forms Cómo tratar reintegros superiores a los beneficios recibidos durante el año. Free state income tax forms Los beneficios del Seguro Social incluyen los beneficios mensuales de jubilación, para el sobreviviente y de incapacidad. Free state income tax forms Éstos no incluyen pagos del Supplemental Security Income (Ingreso de seguridad suplementario o SSI, por sus siglas en inglés), los cuales no están sujetos a impuestos. Free state income tax forms Los beneficios equivalentes de la jubilación de empleados ferroviarios de nivel 1 son la parte de los beneficios de nivel 1 que un empleado ferroviario o beneficiario habría tenido derecho a recibir conforme al sistema del Seguro Social. Free state income tax forms Éstos se conocen habitualmente como el Social Security equivalent benefit (beneficio equivalente al Seguro Social o SSEB, por sus siglas en inglés) de los beneficios de nivel 1. Free state income tax forms Si recibió estos beneficios durante el año 2013, debería haber recibido un Formulario SSA-1099, Social Security Benefit Statement (Declaración de beneficios del Seguro Social), en inglés, o un Formulario RRB-1099, Payments by the Railroad Retirement Board (Pagos efectuados por la Junta de Jubilación Ferroviaria), en inglés. Free state income tax forms Estos formularios muestran las cantidades recibidas y reintegradas y los impuestos retenidos durante el año. Free state income tax forms Tal vez reciba más de uno de estos formularios para el mismo año. Free state income tax forms Debe sumar las cantidades que aparezcan en todos los Formularios SSA-1099 y los Formularios RRB-1099 que reciba para el año para determinar las cantidades totales recibidas y reintegradas, y los impuestos retenidos durante ese año. Free state income tax forms Consulte el Appendix (Apéndice) al final de la Publicación 915, Social Security and Equivalent Railroad Retirement Benefits (Beneficios del Seguro Social y beneficios equivalentes de jubilación para empleados ferroviarios), en inglés, para más información. Free state income tax forms Nota: El uso del término “beneficios” en este capítulo corresponde tanto a los beneficios del Seguro Social como a la parte del SSEB de los beneficios de jubilación de empleados ferroviarios de nivel 1. Free state income tax forms Lo que no cubre este capítulo. Free state income tax forms   Este capítulo no cubre las reglas tributarias para los siguientes beneficios de jubilación de empleados ferroviarios: Parte de los beneficios no equivalentes al Seguro Social (NSSEB, por sus siglas en inglés) de los beneficios de nivel 1. Free state income tax forms Beneficios de nivel 2. Free state income tax forms Beneficios dobles adquiridos. Free state income tax forms Beneficios suplementarios de anualidad. Free state income tax forms Para obtener información acerca de estos beneficios, consulte la Publicación 575, Pension and Annuity Income (Ingresos de pensiones y anualidades), en inglés. Free state income tax forms   Este capítulo no cubre las reglas tributarias para los beneficios del Seguro Social declarados en el Formulario SSA-1042S, Social Security Benefit Statement (Declaración de beneficios del Seguro Social), o Formulario RRB-1042S, Statement for Nonresident Alien Recipients of: Payments by the Railroad Retirement Board (Declaración para destinatarios extranjeros no residentes de: Pagos efectuados por la Junta de Jubilación Ferroviaria), en inglés. Free state income tax forms Para información sobre estos beneficios, vea la Publicación 519, U. Free state income tax forms S. Free state income tax forms Tax Guide for Aliens (Guía sobre los impuestos estadounidenses para extranjeros), en inglés, y la Publicación 915, en inglés. Free state income tax forms   Este capítulo tampoco cubre las reglas tributarias sobre los beneficios extranjeros del Seguro Social. Free state income tax forms Estos beneficios están sujetos a impuestos como anualidades, a menos que estén exentos de impuestos estadounidenses o sean tratados como beneficios del Seguro Social estadounidense conforme a un tratado tributario. Free state income tax forms Useful Items - You may want to see: Publicación 505 Tax Withholding and Estimated Tax (Retención del impuesto e impuesto estimado), en inglés 575 Pension and Annuity Income (Ingresos de pensiones y anualidades), en inglés 590 Individual Retirement Arrangements (IRAs) (Arreglos de ahorros para la jubilación (Arreglos IRA)), en inglés 915 Social Security and Equivalent Railroad Retirement Benefits (Beneficios del Seguro Social y beneficios equivalentes de jubilación para empleados ferroviarios), en inglés Formularios (e Instrucciones) 1040-ES Estimated Tax for Individuals (Impuesto estimado para las personas físicas), en inglés SSA-1099 Social Security Benefit Statement (Declaración de beneficios del Seguro Social), en inglés RRB-1099 Payments by the Railroad Retirement Board (Pagos efectuados por la Junta de Jubilación Ferroviaria), en inglés W-4V Voluntary Withholding Request (Solicitud de retención voluntaria), en inglés ¿Está Sujeta a Impuestos Alguna Parte de los Beneficios? Para saber si alguna parte de los beneficios puede estar sujeta a impuestos, compare la cantidad base de su estado civil para efectos de la declaración con el total de: La mitad de los beneficios, más Todos los demás ingresos, incluidos los intereses exentos de impuestos. Free state income tax forms Al hacer esta comparación, no reste de los demás ingresos ninguna de las siguientes exclusiones: Intereses sobre bonos de ahorros estadounidenses calificados; Beneficios por adopción proporcionados por el empleador; Ingresos devengados en el extranjero o vivienda en el extranjero ni Ingresos devengados por residentes bona fide de la Samoa Estadounidense o Puerto Rico. Free state income tax forms Beneficios por hijos. Free state income tax forms   Las reglas en este capítulo corresponden a beneficios recibidos por hijos. Free state income tax forms Vea A quién se le cobran impuestos , más adelante. Free state income tax forms Cómo calcular el ingreso total. Free state income tax forms   Para calcular el total de la mitad de los beneficios más otros ingresos, use la Hoja de Trabajo 11-1 que aparece más adelante en este capítulo. Free state income tax forms Si el total es mayor que la cantidad base, es posible que parte de los beneficios esté sujeta a impuestos. Free state income tax forms    Si es casado y presenta una declaración conjunta para el año 2013, usted y su cónyuge tienen que sumar sus ingresos y beneficios para calcular si alguna parte de la suma de éstos está sujeta a impuestos. Free state income tax forms Aun si su cónyuge no recibió beneficios, tiene que sumar el ingreso de su cónyuge al suyo para calcular si alguna parte de los beneficios está sujeta a impuestos. Free state income tax forms    Si el único ingreso que recibió durante el año 2013 fue del Seguro Social o la parte del SSEB de los beneficios de jubilación para empleados ferroviarios de nivel 1, los beneficios no están, por lo general, sujetos a impuestos y probablemente no tenga que presentar una declaración. Free state income tax forms Si tiene ingresos además de beneficios, tal vez tenga que presentar una declaración aun si ninguna parte de los beneficios está sujeta a impuestos. Free state income tax forms Cantidad base. Free state income tax forms   La cantidad base es: $25,000 si es soltero, cabeza de familia o viudo que reúne los requisitos; $25,000 si es casado que presenta una declaración por separado y vivió separado de su cónyuge durante todo el año 2013; $32,000 si es casado que presenta una declaración conjunta o $-0- si es casado que presenta una declaración por separado y vivió con su cónyuge en algún momento durante el año 2013. Free state income tax forms Hoja de Trabajo 11-1. Free state income tax forms    Puede usar la Hoja de Trabajo 11-1 para calcular la cantidad de ingresos y compararla con la cantidad base. Free state income tax forms Ésta es una manera rápida de averiguar si alguna parte de sus beneficios está sujeta a impuestos. Free state income tax forms Hoja de Trabajo 11-1. Free state income tax forms Una Manera Rápida de Averiguar si sus Beneficios Podrían Estar Sujetos a Impuestos A. Free state income tax forms Anote la cantidad del recuadro 5 de todos los Formularios SSA-1099 y RRB-1099. Free state income tax forms Incluya la cantidad total de los pagos de beneficios en suma global recibidos en el año 2013, para el año 2013 y años anteriores. Free state income tax forms Si recibió más de un formulario, sume las cantidades del recuadro 5 y anote el total. Free state income tax forms A. Free state income tax forms   Nota: Si la cantidad de la línea A es cero o menos, deténgase aquí; ninguna parte de los beneficios está sujeta a impuestos este año. Free state income tax forms B. Free state income tax forms Anote la mitad de la cantidad de la línea A B. Free state income tax forms   C. Free state income tax forms Anote las pensiones, salarios, intereses, dividendos y otros ingresos sujetos a impuestos C. Free state income tax forms   D. Free state income tax forms Anote todos los ingresos de intereses exentos de impuestos (como intereses de bonos municipales) más toda exclusión de los ingresos (enumerados anteriormente) . Free state income tax forms D. Free state income tax forms   E. Free state income tax forms Sume las líneas B, C y D E. Free state income tax forms   Nota: Compare la cantidad de la línea E con la cantidad base correspondiente a su estado civil para efectos de la declaración. Free state income tax forms Si la cantidad de la línea E es igual o menor que la cantidad base correspondiente a su estado civil, ninguna parte de sus beneficios está sujeta a impuestos este año. Free state income tax forms Si la cantidad de la línea E es mayor que la cantidad base, alguna parte de sus beneficios podría estar sujeta a impuestos. Free state income tax forms Tiene que completar la Hoja de Trabajo 1 de la Publicación 915, en inglés (o la Social Security Benefits Worksheet (Hoja de trabajo para beneficios del Seguro Social) de las instrucciones del formulario para la declaración de impuestos que usted presenta). Free state income tax forms Si ninguna parte de los beneficios está sujeta a impuestos, pero igual tiene que presentar una declaración, vea más adelante Beneficios no sujetos a impuestos , bajo Cómo Declarar los Beneficios. Free state income tax forms Ejemplo. Free state income tax forms Usted y su cónyuge (ambos mayores de 65 años de edad) presentan una declaración conjunta para el año 2013 y ambos recibieron beneficios del Seguro Social durante el año. Free state income tax forms En enero del año 2014, usted recibió un Formulario SSA-1099 que muestra beneficios netos de $7,500 en el recuadro 5. Free state income tax forms Su cónyuge recibió un Formulario SSA-1099 que muestra beneficios netos de $3,500 en el recuadro 5. Free state income tax forms Además, usted recibió una pensión sujeta a impuestos de $22,800 e ingresos de intereses de $500. Free state income tax forms No tuvo ningún ingreso de intereses exentos de impuestos. Free state income tax forms Sus beneficios no están sujetos a impuestos para el año 2013 debido a que su ingreso, según lo calculado en la Hoja de Trabajo 11-1 completada, no es mayor que la cantidad base ($32,000) para una persona casada que presenta una declaración conjunta. Free state income tax forms Aunque ninguna cantidad de sus beneficios está sujeta a impuestos, usted tiene que presentar una declaración para el año 2013 debido a que su ingreso bruto sujeto a impuestos ($23,300) excede de la cantidad mínima requerida para la presentación de la declaración correspondiente a su estado civil para efectos de la declaración. Free state income tax forms Hoja de Trabajo 11-1 completada. Free state income tax forms Una Manera Rápida de Averiguar si sus Beneficios Podrían Estar Sujetos a Impuestos A. Free state income tax forms Anote la cantidad del recuadro 5 de todos los Formularios SSA-1099 y RRB-1099. Free state income tax forms Incluya la cantidad total de los pagos de beneficios en suma global recibidos en el año 2013, para el año 2013 y años anteriores. Free state income tax forms Si recibió más de un formulario, sume las cantidades del recuadro 5 y anote el total. Free state income tax forms A. Free state income tax forms $ 11,000 Nota: Si la cantidad de la línea A es cero o menos, deténgase aquí; ninguna parte de los beneficios está sujeta a impuestos este año. Free state income tax forms B. Free state income tax forms Anote la mitad de la cantidad de la línea A B. Free state income tax forms 5,500 C. Free state income tax forms Anote las pensiones, salarios, intereses, dividendos y otros ingresos sujetos a impuestos C. Free state income tax forms 23,300 D. Free state income tax forms Anote todos los ingresos de intereses exentos de impuestos (como intereses de bonos municipales) más toda exclusión de los ingresos (enumerados anteriormente). Free state income tax forms D. Free state income tax forms -0- E. Free state income tax forms Sume las líneas B, C y D E. Free state income tax forms $28,800 Nota: Compare la cantidad de la línea E con la cantidad base correspondiente a su estado civil para efectos de la declaración. Free state income tax forms Si la cantidad de la línea E es igual o menor que la cantidad base correspondiente a su estado civil, ninguna parte de sus beneficios está sujeta a impuestos este año. Free state income tax forms Si la cantidad de la línea E es mayor que la cantidad base, alguna parte de sus beneficios podría estar sujeta a impuestos. Free state income tax forms Tiene que completar la Hoja de Trabajo 1 de la Publicación 915, en inglés (o la Social Security Benefits Worksheet (Hoja de trabajo para beneficios del Seguro Social) de las instrucciones del formulario para la declaración de impuestos que usted presenta). Free state income tax forms Si ninguna parte de los beneficios está sujeta a impuestos, pero igual tiene que presentar una declaración, vea más adelante Beneficios no sujetos a impuestos , bajo Cómo Declarar los Beneficios. Free state income tax forms A quién se le cobran impuestos. Free state income tax forms   Los beneficios se incluyen en los ingresos sujetos a impuestos (según estén sujetos a impuestos) de la persona que tiene derecho legal a recibirlos. Free state income tax forms Por ejemplo, si usted y su hijo reciben beneficios, pero el cheque de su hijo está a nombre de usted, tiene que usar sólo la parte de los beneficios que le corresponde a usted para ver si alguna parte de los beneficios en su caso está sujeta a impuestos. Free state income tax forms La mitad de la parte correspondiente a su hijo tiene que sumarse a los demás ingresos de su hijo para saber si alguna parte de esos beneficios está sujeta a impuestos para su hijo. Free state income tax forms Reintegro de beneficios. Free state income tax forms   Todo reintegro de beneficios que usted haya hecho durante el año 2013 tiene que restarse de los beneficios brutos que recibió en el año 2013. Free state income tax forms No importa si el reintegro fue por beneficios recibidos en el año 2013 o en un año anterior. Free state income tax forms Si el reintegro fue mayor que los beneficios brutos recibidos en el año 2013, consulte Reintegros Superiores a los Beneficios Brutos , más adelante. Free state income tax forms   Los beneficios brutos aparecen en el recuadro 3 del Formulario SSA-1099 o RRB-1099. Free state income tax forms Los reintegros aparecen en el recuadro 4. Free state income tax forms La cantidad del recuadro 5 muestra los beneficios netos del año 2013 (recuadro 3 menos recuadro 4). Free state income tax forms Use la cantidad del recuadro 5 para calcular si alguna parte de sus beneficios está sujeta a impuestos. Free state income tax forms Retención de impuestos e impuesto estimado. Free state income tax forms   Puede optar por que se haga la retención del impuesto federal sobre el ingreso de sus beneficios del Seguro Social y/o de la parte del SSEB de sus beneficios de jubilación para empleados ferroviarios de nivel 1. Free state income tax forms Si opta por hacerlo, tiene que completar un Formulario W-4V. Free state income tax forms   Si opta por no hacer la retención del impuesto sobre el ingreso, tal vez tenga que solicitar la retención adicional de otros ingresos o pagar un impuesto estimado durante el año. Free state income tax forms Para más detalles, consulte la Publicación 505 o las instrucciones para el Formulario 1040-ES, ambas en inglés. Free state income tax forms Cómo Declarar los Beneficios Si parte de sus beneficios está sujeta a impuestos, tiene que usar el Formulario 1040 o el Formulario 1040A. Free state income tax forms No puede usar el Formulario 1040EZ. Free state income tax forms Cómo hacer la declaración en el Formulario 1040. Free state income tax forms   Declare los beneficios netos (la cantidad total del recuadro 5 de todos los Formularios SSA-1099 y de los Formularios RRB-1099) en la línea 20a y la parte sujeta a impuestos en la línea 20b. Free state income tax forms Si es casado que presenta una declaración por separado y vivió separado de su cónyuge durante todo el año 2013, anote también “D” a la derecha de la palabra “ benefits ” (beneficios) en la línea 20a. Free state income tax forms Cómo hacer la declaración en el Formulario 1040A. Free state income tax forms   Declare los beneficios netos (la cantidad total del recuadro 5 de todos los Formularios SSA-1099 y de los Formularios RRB-1099) en la línea 14a y la parte sujeta a impuestos en la línea 14b. Free state income tax forms Si es casado que presenta una declaración por separado y vivió separado de su cónyuge durante todo el año 2013, anote también “D” a la derecha de la palabra “ benefits ” (beneficios) en la línea 14a. Free state income tax forms Beneficios no sujetos a impuestos. Free state income tax forms   Si presenta el Formulario 1040EZ, no declare beneficios en su declaración de impuestos. Free state income tax forms Si presenta el Formulario 1040 o Formulario 1040A, declare sus beneficios netos (la cantidad total del recuadro 5 de todos sus Formularios SSA-1099 y Formularios RRB-1099) en la línea 20a del Formulario 1040 o en la línea 14a del Formulario 1040A. Free state income tax forms Anote “-0-” en la línea 20b del Formulario 1040 o en la línea 14b del Formulario 1040A. Free state income tax forms Si es casado que presenta la declaración por separado y vivió separado de su cónyuge durante todo el año 2013, anote también “D” a la derecha de la palabra “ benefits ” (beneficios) en la línea 20a del Formulario 1040 o en la línea 14a del Formulario 1040A. Free state income tax forms ¿Cuánto Está Sujeto a Impuestos? Si parte de sus beneficios está sujeta a impuestos, dicha cantidad depende de la cantidad total de los beneficios y otros ingresos. Free state income tax forms Normalmente, cuanto más alta sea esa cantidad total, mayor es la parte sujeta a impuestos de los beneficios. Free state income tax forms Máxima parte sujeta a impuestos. Free state income tax forms   Por lo general, hasta el 50% de los beneficios están sujetos a impuestos. Free state income tax forms Sin embargo, hasta el 85% de los beneficios pueden estar sujetos a impuestos si en su caso se da alguna de las siguientes situaciones: El total de la mitad de los beneficios más todos los demás ingresos es mayor de $34,000 ($44,000 si es casado que presenta una declaración conjunta). Free state income tax forms Es casado que presenta una declaración por separado y vivió con su cónyuge en algún momento durante el año 2013. Free state income tax forms Qué hoja de trabajo debe usar. Free state income tax forms   En las instrucciones del Formulario 1040 o del Formulario 1040A hay una hoja de trabajo para calcular los beneficios sujetos a impuestos. Free state income tax forms Puede usar esa hoja de trabajo o la Hoja de Trabajo 1 de la Publicación 915, en inglés, a menos que alguna de las siguientes situaciones corresponda a su caso: Hizo aportaciones a un arreglo de ahorros para la jubilación (IRA, por sus siglas en inglés) tradicional y usted o su cónyuge está cubierto por un plan de jubilación del trabajo. Free state income tax forms En esta situación, usted tiene que usar las hojas de trabajo especiales del Appendix (Apéndice) B de la Publicación 590, en inglés, para calcular la deducción por un arreglo IRA y los beneficios sujetos a impuestos. Free state income tax forms La situación (1) no le corresponde y usted declara una exclusión por intereses sobre los bonos de ahorros estadounidenses calificados (Formulario 8815), beneficios por adopción (Formulario 8839), ingresos devengados en el extranjero o vivienda en el extranjero (Formulario 2555 o Formulario 2555-EZ), o ingresos devengados en la Samoa Estadounidense (Formulario 4563) o Puerto Rico declarados por residentes bona fide. Free state income tax forms En esta situación, se tiene que usar la Hoja de Trabajo 1 de la Publicación 915, en inglés, para calcular los beneficios sujetos a impuestos. Free state income tax forms Recibió un pago de suma global por un año anterior. Free state income tax forms En esta situación, complete además la Hoja de Trabajo 2 ó 3 y la Hoja de Trabajo 4 de la Publicación 915, en inglés. Free state income tax forms Consulte Elección de suma global , tema que aparece a continuación. Free state income tax forms Elección de suma global. Free state income tax forms   Tiene que incluir la parte sujeta a impuestos de un pago de suma global (retroactivo) de beneficios recibidos en el año 2013 en los ingresos del año 2013, aun si el pago incluye beneficios de un año anterior. Free state income tax forms    Este pago global de beneficios no debe confundirse con el pago global de beneficios por fallecimiento que la SSA y la RRB pagan a muchos de sus beneficiarios. Free state income tax forms Ninguna parte del pago global de beneficios por fallecimiento está sujeta a impuestos. Free state income tax forms   Generalmente, se usa el ingreso del año 2013 para calcular la parte sujeta a impuestos del total de beneficios recibidos en el año 2013. Free state income tax forms Sin embargo, tal vez pueda calcular la parte sujeta a impuestos de un pago de suma global de un año anterior por separado, mediante el uso del ingreso del año anterior. Free state income tax forms Puede optar por este método si eso reduce los beneficios sujetos a impuestos. Free state income tax forms Cómo elegir su opción. Free state income tax forms   Si recibió un pago global de beneficios en el año 2013 que incluya beneficios de uno o más años anteriores, siga las instrucciones de la Publicación 915 bajo Lump-Sum Election (Elección de suma global) para saber si dicha elección reducirá sus beneficios sujetos a impuestos. Free state income tax forms Ese análisis también explica cómo elegir la opción que le sea de mayor beneficio. Free state income tax forms    Debido a que los beneficios sujetos a impuestos de ese año anterior se incluyen en el ingreso del año 2013, no es necesario realizar ningún ajuste en la declaración del año anterior. Free state income tax forms No presente una declaración enmendada del año anterior. Free state income tax forms Ejemplos Los siguientes son algunos ejemplos que puede usar como guía para calcular la parte sujeta a impuestos de sus beneficios. Free state income tax forms Ejemplo 1. Free state income tax forms Jorge Blanco es soltero y presenta el Formulario 1040 para el año 2013. Free state income tax forms Jorge recibió los siguientes ingresos en el año 2013: Pensión íntegramente sujeta a impuestos $18,600 Salario de trabajo a tiempo parcial 9,400 Ingreso de intereses sujeto a impuestos 990 Total $28,990 Además, Jorge recibió beneficios del Seguro Social durante el año 2013. Free state income tax forms El Formulario SSA-1099 que recibió en enero del año 2014 muestra $5,980 en el recuadro 5. Free state income tax forms Para calcular sus beneficios sujetos a impuestos, Jorge completa la hoja de trabajo que aparece aquí. Free state income tax forms Hoja de Trabajo 1 completada. Free state income tax forms Cómo Calcular los Beneficios Sujetos a Impuestos 1. Free state income tax forms Anote la cantidad total del recuadro 5 de TODOS los Formularios SSA-1099 y RRB-1099. Free state income tax forms Además, anote esta cantidad en la línea 20a del Formulario 1040 o en la línea 14a del Formulario 1040A. Free state income tax forms $5,980 2. Free state income tax forms Anote la mitad de la línea 1. Free state income tax forms 2,990 3. Free state income tax forms Sume el total de las cantidades del:     Formulario 1040: Líneas 7, 8a, 9a, 10 a 14, 15b, 16b, 17 a 19 y 21. Free state income tax forms     Formulario 1040A: Líneas 7, 8a, 9a, 10, 11b, 12b y 13 28,990 4. Free state income tax forms Anote la cantidad, si la hubiera, de la línea 8b del Formulario 1040 o del Formulario 1040A. Free state income tax forms -0- 5. Free state income tax forms Anote el total de toda exclusión/ajuste por:     • Beneficios por adopción (línea 28 del Formulario 8839),     • Ingresos devengados en el extranjero o vivienda en el extranjero (líneas 45 y 50 del Formulario 2555 o línea 18 del Formulario 2555-EZ) y     • Ciertos ingresos de residentes bona fide de la Samoa Estadounidense (línea 15 del Formulario 4563) o de Puerto Rico . Free state income tax forms . Free state income tax forms -0- 6. Free state income tax forms Sume las líneas 2, 3, 4 y 5 31,980 7. Free state income tax forms Declarantes que presentan el Formulario 1040: Anote la cantidad de las líneas 23 a 32 del Formulario 1040 y toda cantidad que se haya anotado en la línea de puntos directamente al lado de la línea 36 del Formulario 1040. Free state income tax forms     Declarantes que presentan el Formulario 1040A: Anote la cantidad de las líneas 16 y 17 del Formulario 1040A. Free state income tax forms -0- 8. Free state income tax forms ¿Es la cantidad de la línea 7 menor que la cantidad de la línea 6?     No. Free state income tax forms Ninguna parte de los beneficios del Seguro Social está sujeta a impuestos. Free state income tax forms Anote -0- en la línea 20b del Formulario 1040 o en la línea 14b del Formulario 1040A. Free state income tax forms   Sí. Free state income tax forms Reste la línea 7 de la línea 6 31,980 9. Free state income tax forms Si es: Casado que presenta una declaración conjunta, anote $32,000. Free state income tax forms Soltero, cabeza de familia, viudo que reúne los requisitos o casado que presenta una declaración por separado y vivió separado de su cónyuge durante todo el año 2013, anote $25,000. Free state income tax forms 25,000   Nota: Si es casado que presenta una declaración por separado y vivió con su cónyuge en algún momento del año 2013, omita las líneas 9 a 16; multiplique la línea 8 por 85% (0. Free state income tax forms 85) y anote el resultado en la línea 17. Free state income tax forms Luego, pase a la línea 18. Free state income tax forms   10. Free state income tax forms ¿Es la cantidad de la línea 9 menor que la cantidad de la línea 8?     No. Free state income tax forms Ninguna parte de los beneficios está sujeta a impuestos. Free state income tax forms Anote “-0-” en la línea 20b del Formulario 1040 o en la línea 14b del Formulario 1040A. Free state income tax forms Si es casado que presenta una declaración por separado y vivió separado de su cónyuge durante todo el año 2013, asegúrese de haber anotado “D” a la derecha de la palabra “ benefits ” (beneficios) en la línea 20a del Formulario 1040 o la línea 14a del Formulario 1040A. Free state income tax forms     Sí. Free state income tax forms Reste la línea 9 de la línea 8 6,980 11. Free state income tax forms Anote $12,000 si es casado que presenta una declaración conjunta; $9,000 si es soltero, cabeza de familia, viudo que reúne los requisitos o casado que presenta una declaración por separado y vivió separado de su cónyuge durante todo el año 2013. Free state income tax forms 9,000 12. Free state income tax forms Reste la línea 11 de la línea 10. Free state income tax forms Si el resultado es cero o menos, anote “-0-”. Free state income tax forms -0- 13. Free state income tax forms De las líneas 10 y 11, anote la que sea menor 6,980 14. Free state income tax forms Anote la mitad de la línea 13. Free state income tax forms 3,490 15. Free state income tax forms De las líneas 2 y 14, anote la que sea menor 2,990 16. Free state income tax forms Multiplique la línea 12 por 85% (0. Free state income tax forms 85). Free state income tax forms Si la línea 12 es cero, anote “-0-”. Free state income tax forms -0- 17. Free state income tax forms Sume las líneas 15 y 16. Free state income tax forms 2,990 18. Free state income tax forms Multiplique la línea 1 por 85% (0. Free state income tax forms 85). Free state income tax forms 5,083 19. Free state income tax forms Beneficios sujetos a impuestos. Free state income tax forms De las líneas 17 y 18, anote la que sea menor. Free state income tax forms Además, anote esta cantidad en la línea 20b del Formulario 1040 o la línea 14b del Formulario 1040A. Free state income tax forms $2,990       La cantidad de la línea 19 de la hoja de trabajo de Jorge muestra que $2,990 de sus beneficios del Seguro Social están sujetos a impuestos. Free state income tax forms En la línea 20a de su Formulario 1040, Jorge anota sus beneficios netos de $5,980. Free state income tax forms En la línea 20b, anota beneficios sujetos a impuestos de $2,990. Free state income tax forms   Ejemplo 2. Free state income tax forms Raimundo y Alicia García presentan una declaración conjunta en el Formulario 1040A para el año 2013. Free state income tax forms Raimundo está jubilado y recibió una pensión íntegramente sujeta a impuestos de $15,500. Free state income tax forms Además, recibió beneficios del Seguro Social y su Formulario SSA-1099 para el año 2013 muestra beneficios netos de $5,600 en el recuadro 5. Free state income tax forms Alicia trabajó durante el año y tuvo un salario de $14,000. Free state income tax forms Ella efectuó un pago deducible a su arreglo IRA de $1,000. Free state income tax forms Raimundo y Alicia tienen dos cuentas de ahorros con un total de $250 de ingresos de intereses sujetos a impuestos. Free state income tax forms Ellos completan la Hoja de Trabajo 1, anotando $29,750 ($15,500 + $14,000 + $250) en la línea 3. Free state income tax forms Ellos descubren que ninguna parte de los beneficios del Seguro Social de Raimundo está sujeta a impuestos. Free state income tax forms En el Formulario 1040A, anotan $5,600 en la línea 14a y “-0-” en la línea 14b. Free state income tax forms Hoja de Trabajo 1 completada. Free state income tax forms Cómo Calcular los Beneficios Sujetos a Impuestos 1. Free state income tax forms Anote la cantidad total del recuadro 5 de TODOS los Formularios SSA-1099 y RRB-1099. Free state income tax forms Además, anote esta cantidad en la línea 20a del Formulario 1040 o en la línea 14a del Formulario 1040A. Free state income tax forms $5,600 2. Free state income tax forms Anote la mitad de la línea 1. Free state income tax forms 2,800 3. Free state income tax forms Sume el total de las cantidades del:     Formulario 1040: Líneas 7, 8a, 9a, 10 a 14, 15b, 16b,17 a 19 y 21. Free state income tax forms     Formulario 1040A: Líneas 7, 8a, 9a, 10, 11b, 12b y 13 29,750 4. Free state income tax forms Anote la cantidad, si la hubiera, de la línea 8b del Formulario 1040 o del Formulario 1040A. Free state income tax forms -0- 5. Free state income tax forms Anote el total de toda exclusión/ajuste por:     • Beneficios por adopción (línea 28 del Formulario 8839),     • Ingresos devengados en el extranjero o vivienda en el extranjero (líneas 45 y 50 del Formulario 2555 o línea 18 del Formulario 2555-EZ) y     • Ciertos ingresos de residentes bona fide de la Samoa Estadounidense (línea 15 del Formulario 4563) o de Puerto Rico -0- 6. Free state income tax forms Sume las líneas 2, 3, 4 y 5 32,550 7. Free state income tax forms Declarantes que presentan el Formulario 1040: Anote la cantidad de las líneas 23 a 32 del Formulario 1040 y toda cantidad que se haya anotado en la línea de puntos directamente al lado de la línea 36 del Formulario 1040. Free state income tax forms     Declarantes que presentan el Formulario 1040A: Anote la cantidad de las líneas 16 y 17 del Formulario 1040A. Free state income tax forms 1,000 8. Free state income tax forms ¿Es la cantidad de la línea 7 menor que la cantidad de la línea 6?     No. Free state income tax forms Ninguna parte de los beneficios del Seguro Social está sujeta a impuestos. Free state income tax forms Anote -0- en la línea 20b del Formulario 1040 o en la línea 14b del Formulario 1040A. Free state income tax forms   Sí. Free state income tax forms Reste la línea 7 de la línea 6 31,550 9. Free state income tax forms Si es: Casado que presenta una declaración conjunta, anote $32,000. Free state income tax forms Soltero, cabeza de familia, viudo que reúne los requisitos o casado que presenta una declaración por separado y vivió separado de su cónyuge durante todo el año 2013, anote $25,000. Free state income tax forms 32,000   Nota: Si es casado que presenta una declaración por separado y vivió con su cónyuge en algún momento del año 2013, omita las líneas 9 a 16; multiplique la línea 8 por 85% (0. Free state income tax forms 85) y anote el resultado en la línea 17. Free state income tax forms Luego, pase a la línea 18. Free state income tax forms   10. Free state income tax forms ¿Es la cantidad de la línea 9 menor que la cantidad de la línea 8?     No. Free state income tax forms Ninguna parte de los beneficios está sujeta a impuestos. Free state income tax forms Anote “-0-” en la línea 20b del Formulario 1040 o en la línea 14b del Formulario 1040A. Free state income tax forms Si es casado que presenta una declaración por separado y vivió separado de su cónyuge durante todo el año 2013, asegúrese de haber anotado “D” a la derecha de la palabra “ benefits ” (beneficios) en la línea 20a del Formulario 1040 o la línea 14a del Formulario 1040A. Free state income tax forms     Sí. Free state income tax forms Reste la línea 9 de la línea 8   11. Free state income tax forms Anote $12,000 si es casado que presenta una declaración conjunta; $9,000 si es soltero, cabeza de familia, viudo que reúne los requisitos o casado que presenta una declaración por separado y vivió separado de su cónyuge durante todo el año 2013. Free state income tax forms   12. Free state income tax forms Reste la línea 11 de la línea 10. Free state income tax forms Si el resultado es cero o menos, anote “-0-”. Free state income tax forms   13. Free state income tax forms De las líneas 10 y 11, anote la que sea menor   14. Free state income tax forms Anote la mitad de la línea 13. Free state income tax forms   15. Free state income tax forms De las líneas 2 y 14, anote la que sea menor   16. Free state income tax forms Multiplique la línea 12 por 85% (0. Free state income tax forms 85). Free state income tax forms Si la línea 12 es cero, anote “-0-”. Free state income tax forms   17. Free state income tax forms Sume las líneas 15 y 16. Free state income tax forms   18. Free state income tax forms Multiplique la línea 1 por 85% (0. Free state income tax forms 85). Free state income tax forms   19. Free state income tax forms Beneficios sujetos a impuestos. Free state income tax forms De las líneas 17 y 18, anote la que sea menor. Free state income tax forms Además, anote esta cantidad en la línea 20b del Formulario 1040 o la línea 14b del Formulario 1040A. Free state income tax forms   Ejemplo 3. Free state income tax forms José y Beatriz Pérez presentan una declaración conjunta en el Formulario 1040 del año 2013. Free state income tax forms José es empleado ferroviario jubilado y en el año 2013 recibió la parte de beneficios equivalentes del Seguro Social (SSEB, por sus siglas en inglés) de los beneficios de jubilación para empleados ferroviarios de nivel 1. Free state income tax forms El Formulario RRB-1099 de José muestra $10,000 en el recuadro 5. Free state income tax forms Beatriz es funcionaria del gobierno jubilada y recibe una pensión íntegramente sujeta a impuestos de $38,000. Free state income tax forms Ellos tuvieron $2,300 de ingresos de intereses sujetos a impuestos más $200 de intereses sobre bonos de ahorros estadounidenses calificados. Free state income tax forms Los intereses sobre bonos de ahorros cumplieron las condiciones de la exclusión. Free state income tax forms Calculan sus beneficios sujetos a impuestos completando la Hoja de Trabajo 1. Free state income tax forms Ya que han recibido intereses sobre bonos de ahorros estadounidenses calificados, siguen las instrucciones en la primera parte de la hoja de trabajo y, en la línea 3 de la misma, anotan la cantidad de la línea 2 del Anexo B (Formulario 1040A o del Formulario 1040) en vez de anotar la cantidad de la línea 8a del Formulario 1040. Free state income tax forms En la línea 3 de la hoja de trabajo, anotan $40,500 ($38,000 + $2,500). Free state income tax forms Hoja de Trabajo 1 completada. Free state income tax forms Cómo Calcular los Beneficios Sujetos a Impuestos Tenga en cuenta los siguientes puntos antes de completar esta hoja de trabajo: • Si es casado que presenta una declaración por separado y no vivió con su cónyuge durante todo el año 2013, anote “D” a la derecha de la palabra “benefits” (beneficios) en la línea 20a del Formulario 1040 o en la línea 14a del Formulario 1040A. Free state income tax forms • No utilice esta hoja de trabajo si reintegró beneficios en el año 2013 y el total de estos reintegros (el recuadro 4 de los Formularios SSA-1099 y RRB-1099) era mayor que los beneficios brutos que recibió para el año 2013 (el recuadro 3 de los Formularios SSA-1099 y RRB-1099). Free state income tax forms Ninguna parte de los beneficios está sujeta a impuestos para el año 2013. Free state income tax forms Para información adicional, vea Reintegros Superiores a los Beneficios Brutos . Free state income tax forms • Si presenta el Formulario 8815, Exclusion of Interest From Series EE and I U. Free state income tax forms S. Free state income tax forms Savings Bonds Issued After 1989 (Exclusión de los intereses provenientes de los bonos de ahorros estadounidenses calificados de las series EE e I emitidos después de 1989), no anote en la línea 3 de esta hoja de trabajo la cantidad de la línea 8a del Formulario 1040 o de la línea 3 del Formulario 1040A. Free state income tax forms En lugar de ello, anote la cantidad de la línea 2 del Anexo B del Formulario 1040A o Formulario 1040. Free state income tax forms       1. Free state income tax forms Anote la cantidad total del recuadro 5 de TODOS los Formularios SSA-1099 y RRB-1099. Free state income tax forms Además, anote esta cantidad en la línea 20a del Formulario 1040 o en la línea 14a del Formulario 1040A. Free state income tax forms $10,000 2. Free state income tax forms Anote la mitad de la línea 1. Free state income tax forms 5,000 3. Free state income tax forms Sume el total de las cantidades del:     Formulario 1040: Líneas 7, 8a, 9a, 10 a 14, 15b, 16b, 17 a 19 y 21. Free state income tax forms     Formulario 1040A: Líneas 7, 8a, 9a, 10, 11b, 12b y 13 40,500 4. Free state income tax forms Anote la cantidad, si la hubiera, de la línea 8b del Formulario 1040 o del Formulario 1040A. Free state income tax forms -0- 5. Free state income tax forms Anote el total de toda exclusión/ajuste por:     • Beneficios por adopción (línea 28 del Formulario 8839),     • Ingresos devengados en el extranjero o vivienda en el extranjero (líneas 45 y 50 del Formulario 2555 o línea 18 del Formulario 2555-EZ) y     • Ciertos ingresos de residentes bona fide de la Samoa Estadounidense (línea 15 del Formulario 4563) o de Puerto Rico . Free state income tax forms . Free state income tax forms -0- 6. Free state income tax forms Sume las líneas 2, 3, 4 y 5 45,500 7. Free state income tax forms Declarantes que presentan el Formulario 1040: Anote la cantidad de las líneas 23 a 32 del Formulario 1040, y toda cantidad que se haya anotado en la línea de puntos directamente al lado de la línea 36 del Formulario 1040. Free state income tax forms     Declarantes que presentan el Formulario 1040A: Anote la cantidad de las líneas 16 y 17 del Formulario 1040A. Free state income tax forms -0- 8. Free state income tax forms ¿Es la cantidad de la línea 7 menor que la cantidad de la línea 6?     No. Free state income tax forms Ninguna parte de los beneficios del Seguro Social está sujeta a impuestos. Free state income tax forms Anote “-0-” en la línea 20b del Formulario 1040 o en la línea 14b del Formulario 1040A. Free state income tax forms   Sí. Free state income tax forms Reste la línea 7 de la línea 6 45,500 9. Free state income tax forms Si es: Casado que presenta una declaración conjunta, anote $32,000. Free state income tax forms Soltero, cabeza de familia, viudo que reúne los requisitos o casado que presenta una declaración por separado y vivió separado de su cónyuge durante todo el año 2013, anote $25,000. Free state income tax forms 32,000   Nota: Si es casado que presenta una declaración por separado y vivió con su cónyuge en algún momento del año 2013, omita las líneas 9 a 16; multiplique la línea 8 por 85% (0. Free state income tax forms 85) y anote el resultado en la línea 17. Free state income tax forms Luego, pase a la línea 18. Free state income tax forms   10. Free state income tax forms ¿Es la cantidad de la línea 9 menor que la cantidad de la línea 8?     No. Free state income tax forms Ninguna parte de los beneficios está sujeta a impuestos. Free state income tax forms Anote “-0-” en la línea 20b del Formulario 1040 o en la línea 14b del Formulario 1040A. Free state income tax forms Si es casado que presenta una declaración por separado y vivió separado de su cónyuge durante todo el año 2013, asegúrese de haber anotado “D” a la derecha de la palabra “ benefits ” (beneficios) en la línea 20a del Formulario 1040 o la línea 14a del Formulario 1040A. Free state income tax forms     Sí. Free state income tax forms Reste la línea 9 de la línea 8 13,500 11. Free state income tax forms Anote $12,000 si es casado que presenta una declaración conjunta; $9,000 si es soltero, cabeza de familia, viudo que reúne los requisitos o casado que presenta una declaración por separado y vivió separado de su cónyuge durante todo el año 2013. Free state income tax forms 12,000 12. Free state income tax forms Reste la línea 11 de la línea 10. Free state income tax forms Si el resultado es cero o menos, anote “-0-”. Free state income tax forms 1,500 13. Free state income tax forms De las líneas 10 y 11, anote la que sea menor 12,000 14. Free state income tax forms Anote la mitad de la línea 13. Free state income tax forms 6,000 15. Free state income tax forms De las líneas 2 y 14, anote la que sea menor 5,000 16. Free state income tax forms Multiplique la línea 12 por 85% (0. Free state income tax forms 85). Free state income tax forms Si la línea 12 es cero, anote “-0-”. Free state income tax forms 1,275 17. Free state income tax forms Sume las líneas 15 y 16. Free state income tax forms 6,275 18. Free state income tax forms Multiplique la línea 1 por 85% (0. Free state income tax forms 85). Free state income tax forms 8,500 19. Free state income tax forms Beneficios sujetos a impuestos. Free state income tax forms De las líneas 17 y 18, anote la que sea menor. Free state income tax forms Además, anote esta cantidad en la línea 20b del Formulario 1040 o la línea 14b del Formulario 1040A. Free state income tax forms $6,275 Más del 50% de los beneficios netos de José están sujetos a impuestos debido a que el ingreso de la línea 8 de la hoja de trabajo ($45,500) es mayor que $44,000. Free state income tax forms José y Beatriz anotan $10,000 en la línea 20a del Formulario 1040 y $6,275 en la línea 20b del Formulario 1040. Free state income tax forms Deducciones Relacionadas con los Beneficios Tal vez tenga derecho a deducir ciertas cantidades relacionadas con los beneficios que reciba. Free state income tax forms Pagos por incapacidad. Free state income tax forms   Tal vez haya recibido pagos por incapacidad de su empleador o de una compañía de seguros que usted incluyó como ingresos en la declaración de impuestos de algún año anterior. Free state income tax forms Si recibió un pago de suma global de la SSA o de la RRB, y tuvo que reintegrar al empleador o compañía de seguros los pagos por incapacidad, puede declarar una deducción detallada por la parte de los pagos que incluyó en los ingresos brutos de ese año anterior. Free state income tax forms Si la cantidad que reintegra es más de $3,000, tal vez pueda reclamar un crédito tributario en su lugar. Free state income tax forms Declare la deducción o crédito de la misma manera que se explica bajo Reintegros Superiores a los Beneficios Brutos , más adelante. Free state income tax forms Gastos por asuntos legales. Free state income tax forms   Normalmente se pueden deducir gastos por asuntos legales pagados, o en los que haya incurrido, para producir o cobrar ingresos sujetos a impuestos o relacionados con la determinación, el cobro o el reembolso de algún impuesto. Free state income tax forms   Los gastos por asuntos legales por el cobro de la parte sujeta a impuestos de sus beneficios son deducibles como una deducción miscelánea detallada en la línea 23 del Anexo A (Formulario 1040). Free state income tax forms Reintegros Superiores a los Beneficios Brutos En algunas situaciones, el Formulario SSA-1099 o el Formulario RRB-1099 mostrará que el total de los beneficios reintegrados (recuadro 4) es superior a los beneficios brutos (recuadro 3) recibidos. Free state income tax forms Si esto ocurre, los beneficios netos del recuadro 5 serán una cifra negativa (una cifra entre paréntesis) y ninguna parte de los beneficios estará sujeta a impuestos. Free state income tax forms No use una hoja de trabajo en este caso. Free state income tax forms Si recibe más de un formulario, una cifra negativa en el recuadro 5 de un formulario compensa una cifra positiva en el recuadro 5 de otro formulario para ese mismo año. Free state income tax forms Si tiene alguna duda acerca de esta cifra negativa, comuníquese con la oficina local de la SSA o la oficina regional de la RRB. Free state income tax forms Declaración conjunta. Free state income tax forms   Si usted y su cónyuge presentan una declaración conjunta y su Formulario SSA-1099 o RRB-1099 tiene una cifra negativa en el recuadro 5, pero la de su cónyuge no, reste la cantidad del recuadro 5 de su formulario de la cantidad del recuadro 5 del formulario de su cónyuge. Free state income tax forms Esto se hace para obtener los beneficios netos al calcular si está sujeta a impuestos la suma de sus beneficios y los de su cónyuge. Free state income tax forms Ejemplo. Free state income tax forms Juan y María presentan una declaración conjunta para el año 2013. Free state income tax forms Juan recibió el Formulario SSA-1099 que muestra $3,000 en el recuadro 5. Free state income tax forms María también recibió el Formulario SSA-1099 y la cantidad en el recuadro 5 fue ($500). Free state income tax forms Juan y María anotarán $2,500 ($3,000 menos $500) en concepto de beneficios netos al calcular si alguna parte de la suma de sus beneficios está sujeta a impuestos. Free state income tax forms Reintegro de beneficios recibidos en un año anterior. Free state income tax forms   Si la cantidad total que aparece en el recuadro 5 de todos los Formularios SSA-1099 y RRB-1099 es una cifra negativa, puede declarar una deducción detallada por la parte de esta cifra negativa que representa los beneficios que usted incluyó en el ingreso bruto de un año anterior. Free state income tax forms Deducción de $3,000 o menos. Free state income tax forms   Si esta deducción es $3,000 o menos, está sujeta al límite del 2% del ingreso bruto ajustado que corresponde a ciertas deducciones misceláneas detalladas. Free state income tax forms Reclámela en la línea 23 del Anexo A (Formulario 1040). Free state income tax forms Deducción de más de $3,000. Free state income tax forms    Si esta deducción es superior a $3,000, usted debe calcular el impuesto de dos maneras: Calcule el impuesto para el año 2013 con la deducción detallada incluida en la línea 28 del Anexo A. Free state income tax forms Calcule el impuesto para el año 2013 en los pasos siguientes: Calcule el impuesto sin la deducción detallada incluida en la línea 28 del Anexo A. Free state income tax forms Para cada año después de 1983 para el cual una parte de la cifra negativa representa un reintegro de beneficios, vuelva a calcular los beneficios sujetos a impuestos como si el total de éstos para el año hubiera sido reducido por aquella parte de la cifra negativa. Free state income tax forms Luego, vuelva a calcular el impuesto para ese año. Free state income tax forms Reste el total de las cantidades de impuestos recalculadas en el apartado (b) del total de las cantidades de impuestos reales. Free state income tax forms Reste el resultado del apartado (c) del resultado del apartado (a). Free state income tax forms Compare el impuesto calculado con los métodos (1) y (2). Free state income tax forms Su impuesto para el año 2013 es la menor de las dos cantidades. Free state income tax forms Si el método (1) genera menos impuestos, declare la deducción detallada en la línea 28 del Anexo A (Formulario 1040). Free state income tax forms Si el método (2) genera menos impuestos, tome un crédito por la cantidad del paso 2(c), indicado anteriormente, en la línea 71 del Formulario 1040. Free state income tax forms Marque el recuadro d y escriba “ I. Free state income tax forms R. Free state income tax forms C. Free state income tax forms 1341 ” en el espacio al lado de ese recuadro. Free state income tax forms Si ambos métodos generan el mismo impuesto, deduzca el reintegro de la línea 28 del Anexo A (Formulario 1040). Free state income tax forms Prev  Up  Next   Home   More Online Publications