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Irs Form 1040ez Tax Tables

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Irs Form 1040ez Tax Tables

Irs form 1040ez tax tables 2. Irs form 1040ez tax tables   American Opportunity Credit Table of Contents Introduction Can You Claim the CreditWho Can Claim the Credit Who Cannot Claim the Credit What Expenses QualifyQualified Education Expenses No Double Benefit Allowed Expenses That Do Not Qualify Who Is an Eligible StudentException. Irs form 1040ez tax tables Who Can Claim a Dependent's Expenses Figuring the CreditEffect of the Amount of Your Income on the Amount of Your Credit Refundable Part of Credit Claiming the Credit Introduction For 2013, there are two tax credits available to help you offset the costs of higher education by reducing the amount of your income tax. Irs form 1040ez tax tables They are the American opportunity credit (this chapter) and the lifetime learning credit ( chapter 3 ). Irs form 1040ez tax tables This chapter explains: Who can claim the American opportunity credit, What expenses qualify for the credit, Who is an eligible student, Who can claim a dependent's expenses, How to figure the credit, How to claim the credit, and When the credit must be repaid. Irs form 1040ez tax tables What is the tax benefit of the American opportunity credit. Irs form 1040ez tax tables   For the tax year, you may be able to claim an American opportunity credit of up to $2,500 for qualified education expenses paid for each eligible student. Irs form 1040ez tax tables   A tax credit reduces the amount of income tax you may have to pay. Irs form 1040ez tax tables Unlike a deduction, which reduces the amount of income subject to tax, a credit directly reduces the tax itself. Irs form 1040ez tax tables Forty percent of the American opportunity credit may be refundable. Irs form 1040ez tax tables This means that if the refundable portion of your credit is more than your tax, the excess will be refunded to you. Irs form 1040ez tax tables   Your allowable American opportunity credit may be limited by the amount of your income. Irs form 1040ez tax tables Also, the nonrefundable part of the credit may be limited by the amount of your tax. Irs form 1040ez tax tables Overview of the American opportunity credit. Irs form 1040ez tax tables   See Table 2-1, Overview of the American Opportunity Credit , for the basics of this credit. Irs form 1040ez tax tables The details are discussed in this chapter. Irs form 1040ez tax tables Can you claim more than one education credit this year. Irs form 1040ez tax tables   For each student, you can elect for any year only one of the credits. Irs form 1040ez tax tables For example, if you elect to take the American opportunity credit for a child on your 2013 tax return, you cannot use that same child's qualified education expenses to figure the lifetime learning credit for 2013. Irs form 1040ez tax tables   If you pay qualified education expenses for more than one student in the same year, you can choose to take the American opportunity credit on a per-student, per-year basis. Irs form 1040ez tax tables If you pay qualified education expenses for a student (or students) for whom you do not claim the American opportunity credit, you can use the adjusted qualified education expenses of that student (or those students) in figuring your lifetime learning credit. Irs form 1040ez tax tables This means that, for example, you can claim the American opportunity credit for one student and the lifetime learning credit for another student in the same year. Irs form 1040ez tax tables Differences between the American opportunity and lifetime learning credits. Irs form 1040ez tax tables   There are several differences between these two credits. Irs form 1040ez tax tables For example, you can claim the American opportunity credit based on the same student's expenses for no more than 4 tax years, which includes any tax years you claimed the Hope Scholarship Credit for that student. Irs form 1040ez tax tables However, there is no limit on the number of years for which you can claim a lifetime learning credit based on the same student's expenses. Irs form 1040ez tax tables The differences between these credits are shown in Appendix B, Highlights of Education Tax Benefits for Tax Year 2013 near the end of this publication. Irs form 1040ez tax tables If you claim the American opportunity credit for any student, you can choose between using that student's adjusted qualified education expenses for the American opportunity credit or the lifetime learning credit. Irs form 1040ez tax tables If you have the choice, the American opportunity credit will always be greater than the lifetime learning credit. Irs form 1040ez tax tables Table 2-1. Irs form 1040ez tax tables Overview of the American Opportunity Credit Maximum credit Up to $2,500 credit per eligible student Limit on modified adjusted gross income (MAGI) $180,000 if married filing jointly; $90,000 if single, head of household, or qualifying widow(er) Refundable or nonrefundable 40% of credit may be refundable; the rest is nonrefundable Number of years of postsecondary education Available ONLY if the student had not completed the first 4 years of postsecondary education before 2013 Number of tax years credit available Available ONLY for 4 tax years per eligible student (including any year(s) Hope Scholarship Credit was claimed) Type of program required Student must be pursuing a program leading to a degree or other recognized education credential Number of courses Student must be enrolled at least half time for at least one academic period that begins during the tax year Felony drug conviction As of the end of 2013, the student had not been convicted of a felony for possessing or distributing a controlled substance Qualified expenses Tuition, required enrollment fees, and course materials that the student needs for a course of study whether or not the materials are bought at the educational institution as a condition of enrollment or attendance Payments for academic periods Payments made in 2013 for academic periods beginning in 2013 or beginning in the first 3 months of 2014 Can You Claim the Credit The following rules will help you determine if you are eligible to claim the American opportunity credit on your tax return. Irs form 1040ez tax tables Who Can Claim the Credit Generally, you can claim the American opportunity credit if all three of the following requirements are met. Irs form 1040ez tax tables You pay qualified education expenses of higher education. Irs form 1040ez tax tables You pay the education expenses for an eligible student. Irs form 1040ez tax tables The eligible student is either yourself, your spouse, or a dependent for whom you claim an exemption on your tax return. Irs form 1040ez tax tables Student qualifications. Irs form 1040ez tax tables   Generally, you can take the American opportunity credit for a student only if all of the following four requirements are met. Irs form 1040ez tax tables As of the beginning of 2013, the student had not completed the first four years of postsecondary education (generally, the freshman through senior years of college), as determined by the eligible educational institution. Irs form 1040ez tax tables For this purpose, do not include academic credit awarded solely because of the student's performance on proficiency examinations. Irs form 1040ez tax tables Neither the American opportunity credit nor the Hope Scholarship Credit has been claimed (by you or anyone else) for this student for any four tax years before 2013. Irs form 1040ez tax tables If the American opportunity credit (and Hope Scholarship Credit) has been claimed for this student for any three or fewer tax years before 2013, this requirement is met. Irs form 1040ez tax tables For at least one academic period beginning (or treated as beginning) in 2013, the student both: Was enrolled in a program that leads to a degree, certificate, or other recognized educational credential; and Carried at least one-half the normal full-time workload for his or her course of study. Irs form 1040ez tax tables The standard for what is half of the normal full-time work load is determined by each eligible educational institution. Irs form 1040ez tax tables However, the standard may not be lower than any of those established by the U. Irs form 1040ez tax tables S. Irs form 1040ez tax tables Department of Education under the Higher Education Act of 1965. Irs form 1040ez tax tables For purposes of whether the student satisfies this third requirement for 2013, treat an academic period beginning in the first three months of 2014 as if it began in 2013 if qualified education expenses for the student were paid in 2013 for that academic period. Irs form 1040ez tax tables See Prepaid expenses, later. Irs form 1040ez tax tables As of the end of 2013, the student had not been convicted of a federal or state felony for possessing or distributing a controlled substance. Irs form 1040ez tax tables Example 1. Irs form 1040ez tax tables Sharon was eligible for the Hope Scholarship Credit for 2007 and 2008 and for the American opportunity credit for 2010 and 2012. Irs form 1040ez tax tables Her parents claimed the Hope Scholarship Credit for Sharon on their tax returns for 2007 and 2008 and claimed the American opportunity credit for Sharon on their 2010 tax return. Irs form 1040ez tax tables Sharon claimed the American opportunity credit on her 2012 tax return. Irs form 1040ez tax tables The American opportunity credit and Hope Scholarship Credit have been claimed for Sharon for four tax years before 2013. Irs form 1040ez tax tables Therefore, the American opportunity credit cannot be claimed by Sharon for 2013. Irs form 1040ez tax tables If Sharon were to file Form 8863 for 2013, she would check “Yes” for Part III, line 23, and would be eligible to claim only the lifetime learning credit. Irs form 1040ez tax tables Example 2. Irs form 1040ez tax tables Wilbert was eligible for the American opportunity credit for 2009, 2010, 2011, and 2013. Irs form 1040ez tax tables His parents claimed the American opportunity credit for Wilbert on their tax returns for 2009, 2010, and 2011. Irs form 1040ez tax tables No one claimed an American opportunity credit or Hope Scholarship Credit for Wilbert for any other tax year. Irs form 1040ez tax tables The American opportunity credit and Hope Scholarship Credit have been claimed for Wilbert for only three tax years before 2013. Irs form 1040ez tax tables Therefore, Wilbert meets the second requirement to be eligible for the American opportunity credit. Irs form 1040ez tax tables If Wilbert were to file Form 8863 for 2013, he would check “No” for Part III, line 23. Irs form 1040ez tax tables If Wilbert meets all of the other requirements, he is eligible for the American opportunity credit. Irs form 1040ez tax tables Example 3. Irs form 1040ez tax tables Glenda enrolls on a full-time basis in a degree program for the 2014 Spring semester, which begins in January 2014. Irs form 1040ez tax tables Glenda pays her tuition for the 2014 Spring semester in December 2013. Irs form 1040ez tax tables Because the tuition Glenda paid in 2013 relates to an academic period that begins in the first 3 months of 2014, her eligibility to claim an American opportunity credit in 2013 is determined as if the 2014 Spring semester began in 2013. Irs form 1040ez tax tables If the requirements above are not met for any student, you cannot take the American opportunity credit for that student. Irs form 1040ez tax tables You may be able to take the lifetime learning credit for part or all of that student's qualified education expenses instead. Irs form 1040ez tax tables Note. Irs form 1040ez tax tables Qualified education expenses paid by a dependent for whom you claim an exemption, or by a third party for that dependent, are considered paid by you. Irs form 1040ez tax tables “Qualified education expenses” are defined later under Qualified Education Expenses . Irs form 1040ez tax tables “Eligible students” are defined later under Who Is an Eligible Student . Irs form 1040ez tax tables A dependent for whom you claim an exemption is defined later under Who Can Claim a Dependent's Expenses . Irs form 1040ez tax tables You may find Figure 2-1, Can You Claim the American Opportunity Credit for 2013 , later, helpful in determining if you can claim an American opportunity credit on your tax return. Irs form 1040ez tax tables This image is too large to be displayed in the current screen. Irs form 1040ez tax tables Please click the link to view the image. Irs form 1040ez tax tables Figure 2-1 Can you claim the American opportunity credit for 2012? Who Cannot Claim the Credit You cannot claim the American opportunity credit for 2013 if any of the following apply. Irs form 1040ez tax tables Your filing status is married filing separately. Irs form 1040ez tax tables You are listed as a dependent on another person's tax return (such as your parents'). Irs form 1040ez tax tables See Who Can Claim a Dependent's Expenses , later. Irs form 1040ez tax tables Your modified adjusted gross income (MAGI) is $90,000 or more ($180,000 or more in the case of a joint return). Irs form 1040ez tax tables MAGI is explained later under Effect of the Amount of Your Income on the Amount of Your Credit . Irs form 1040ez tax tables You (or your spouse) were a nonresident alien for any part of 2013 and the nonresident alien did not elect to be treated as a resident alien for tax purposes. Irs form 1040ez tax tables More information on nonresident aliens can be found in Publication 519, U. Irs form 1040ez tax tables S. Irs form 1040ez tax tables Tax Guide for Aliens. Irs form 1040ez tax tables What Expenses Qualify The American opportunity credit is based on adjusted qualified education expenses you pay for yourself, your spouse, or a dependent for whom you claim an exemption on your tax return. Irs form 1040ez tax tables Generally, the credit is allowed for adjusted qualified education expenses paid in 2013 for an academic period beginning in 2013 or beginning in the first three months of 2014. Irs form 1040ez tax tables For example, if you paid $1,500 in December 2013 for qualified tuition for the spring 2014 semester beginning January 2014, you can use that $1,500 in figuring your 2013 credit. Irs form 1040ez tax tables Academic period. Irs form 1040ez tax tables   An academic period includes a semester, trimester, quarter, or other period of study (such as a summer school session) as reasonably determined by an educational institution. Irs form 1040ez tax tables In the case of an educational institution that uses credit hours or clock hours and does not have academic terms, each payment period can be treated as an academic period. Irs form 1040ez tax tables Paid with borrowed funds. Irs form 1040ez tax tables   You can claim an American opportunity credit for qualified education expenses paid with the proceeds of a loan. Irs form 1040ez tax tables Use the expenses to figure the American opportunity credit for the year in which the expenses are paid, not the year in which the loan is repaid. Irs form 1040ez tax tables Treat loan payments sent directly to the educational institution as paid on the date the institution credits the student's account. Irs form 1040ez tax tables Student withdraws from class(es). Irs form 1040ez tax tables   You can claim an American opportunity credit for qualified education expenses not refunded when a student withdraws. Irs form 1040ez tax tables Qualified Education Expenses For purposes of the American opportunity credit, qualified education expenses are tuition and certain related expenses required for enrollment or attendance at an eligible educational institution. Irs form 1040ez tax tables Eligible educational institution. Irs form 1040ez tax tables   An eligible educational institution is any college, university, vocational school, or other postsecondary educational institution eligible to participate in a student aid program administered by the U. Irs form 1040ez tax tables S. Irs form 1040ez tax tables Department of Education. Irs form 1040ez tax tables It includes virtually all accredited public, nonprofit, and proprietary (privately owned profit-making) postsecondary institutions. Irs form 1040ez tax tables The educational institution should be able to tell you if it is an eligible educational institution. Irs form 1040ez tax tables   Certain educational institutions located outside the United States also participate in the U. Irs form 1040ez tax tables S. Irs form 1040ez tax tables Department of Education's Federal Student Aid (FSA) programs. Irs form 1040ez tax tables Related expenses. Irs form 1040ez tax tables   Student-activity fees are included in qualified education expenses only if the fees must be paid to the institution as a condition of enrollment or attendance. Irs form 1040ez tax tables   However, expenses for books, supplies, and equipment needed for a course of study are included in qualified education expenses whether or not the materials are purchased from the educational institution. Irs form 1040ez tax tables Prepaid expenses. Irs form 1040ez tax tables   Qualified education expenses paid in 2013 for an academic period that begins in the first three months of 2014 can be used in figuring an education credit for 2013 only. Irs form 1040ez tax tables See Academic period, earlier. Irs form 1040ez tax tables For example, if you pay $2,000 in December 2013, for qualified tuition for the 2014 winter quarter that begins in January 2014, you can use that $2,000 in figuring an education credit for 2013 only (if you meet all the other requirements). Irs form 1040ez tax tables    You cannot use any amount you paid in 2012 or 2014 to figure the qualified education expenses you use to figure your 2013 education credit(s). Irs form 1040ez tax tables   In the following examples, assume that each student is an eligible student at an eligible educational institution. Irs form 1040ez tax tables Example 1. Irs form 1040ez tax tables Jefferson is a sophomore in University V's degree program in dentistry. Irs form 1040ez tax tables This year, in addition to tuition, he is required to pay a fee to the university for the rental of the dental equipment he will use in this program. Irs form 1040ez tax tables Because the equipment rental is needed for his course of study, Jefferson's equipment rental fee is a qualified expense. Irs form 1040ez tax tables Example 2. Irs form 1040ez tax tables Grace and William, both first-year students at College W, are required to have certain books and other reading materials to use in their mandatory first-year classes. Irs form 1040ez tax tables The college has no policy about how students should obtain these materials, but any student who purchases them from College W's bookstore will receive a bill directly from the college. Irs form 1040ez tax tables William bought his books from a friend; Grace bought hers at College W's bookstore. Irs form 1040ez tax tables Both are qualified education expenses for the American opportunity credit. Irs form 1040ez tax tables Example 3. Irs form 1040ez tax tables When Kelly enrolled at College X for her freshman year, she had to pay a separate student activity fee in addition to her tuition. Irs form 1040ez tax tables This activity fee is required of all students, and is used solely to fund on-campus organizations and activities run by students, such as the student newspaper and the student government. Irs form 1040ez tax tables No portion of the fee covers personal expenses. Irs form 1040ez tax tables Although labeled as a student activity fee, the fee is required for Kelly's enrollment and attendance at College X and is a qualified expense. Irs form 1040ez tax tables No Double Benefit Allowed You cannot do any of the following. Irs form 1040ez tax tables Deduct higher education expenses on your income tax return (as, for example, a business expense) and also claim an American opportunity credit based on those same expenses. Irs form 1040ez tax tables Claim an American opportunity credit in the same year that you are claiming a tuition and fees deduction for the same student. Irs form 1040ez tax tables Claim an American opportunity credit for any student and use any of that student's expenses in figuring your lifetime learning credit. Irs form 1040ez tax tables Figure the tax-free portion of a distribution from a Coverdell education savings account (ESA) or qualified tuition program (QTP) using the same expenses you used to figure the American opportunity credit. Irs form 1040ez tax tables See Coordination With American Opportunity and Lifetime Learning Credits in chapter 7, Coverdell Education Savings Account, and Coordination With American Opportunity and Lifetime Learning Credits in chapter 8, Qualified Tuition Program. Irs form 1040ez tax tables Claim a credit based on qualified education expenses paid with tax-free educational assistance, such as a scholarship, grant, or assistance provided by an employer. Irs form 1040ez tax tables See Adjustments to Qualified Education Expenses, next. Irs form 1040ez tax tables Adjustments to Qualified Education Expenses For each student, reduce the qualified education expenses paid by or on behalf of that student under the following rules. Irs form 1040ez tax tables The result is the amount of adjusted qualified education expenses for each student. Irs form 1040ez tax tables Tax-free educational assistance. Irs form 1040ez tax tables   For tax-free educational assistance received in 2013, reduce the qualified educational expenses for each academic period by the amount of tax-free educational assistance allocable to that academic period. Irs form 1040ez tax tables See Academic period, earlier. Irs form 1040ez tax tables   Some tax-free educational assistance received after 2013 may be treated as a refund of qualified education expenses paid in 2013. Irs form 1040ez tax tables This tax-free educational assistance is any tax-free educational assistance received by you or anyone else after 2013 for qualified education expenses paid on behalf of a student in 2013 (or attributable to enrollment at an eligible educational institution during 2013). Irs form 1040ez tax tables   If this tax-free educational assistance is received after 2013 but before you file your 2013 income tax return, see Refunds received after 2013 but before your income tax return is filed, later. Irs form 1040ez tax tables If this tax-free educational assistance is received after 2013 and after you file your 2013 income tax return, see Refunds received after 2013 and after your income tax return is filed, later. Irs form 1040ez tax tables   Tax-free educational assistance includes: The tax-free parts of scholarships and fellowships (see Tax-Free Scholarships and Fellowships in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions), Pell grants (see Pell Grants and Other Title IV Need-Based Education Grants in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions). Irs form 1040ez tax tables Employer-provided educational assistance (see chapter 11, Employer-Provided Educational Assistance ), Veterans' educational assistance (see Veterans' Benefits in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions), and Any other nontaxable (tax-free) payments (other than gifts or inheritances) received as educational assistance. Irs form 1040ez tax tables Generally, any scholarship or fellowship is treated as tax free. Irs form 1040ez tax tables However, a scholarship or fellowship is not treated as tax free to the extent the student includes it in gross income (if the student is required to file a tax return for the year the scholarship or fellowship is received) and either of the following is true. Irs form 1040ez tax tables The scholarship or fellowship (or any part of it) must be applied (by its terms) to expenses (such as room and board) other than qualified education expenses as defined in Qualified education expenses in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions. Irs form 1040ez tax tables The scholarship or fellowship (or any part of it) may be applied (by its terms) to expenses (such as room and board) other than qualified education expenses as defined in Qualified education expenses in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions. Irs form 1040ez tax tables You may be able to increase the combined value of an education credit and certain educational assistance if the student includes some or all of the educational assistance in income in the year it is received. Irs form 1040ez tax tables For examples, see Coordination with Pell grants and other scholarships, later. Irs form 1040ez tax tables Refunds. Irs form 1040ez tax tables   A refund of qualified education expenses may reduce adjusted qualified education expenses for the tax year or require repayment (recapture) of a credit claimed in an earlier year. Irs form 1040ez tax tables Some tax-free educational assistance received after 2013 may be treated as a refund. Irs form 1040ez tax tables See Tax-free educational assistance, earlier. Irs form 1040ez tax tables Refunds received in 2013. Irs form 1040ez tax tables   For each student, figure the adjusted qualified education expenses for 2013 by adding all the qualified education expenses for 2013 and subtracting any refunds of those expenses received from the eligible educational institution during 2013. Irs form 1040ez tax tables Refunds received after 2013 but before your income tax return is filed. Irs form 1040ez tax tables   If anyone receives a refund after 2013 of qualified education expenses paid on behalf of a student in 2013 and the refund is paid before you file an income tax return for 2013, the amount of qualified education expenses for 2013 is reduced by the amount of the refund. Irs form 1040ez tax tables Refunds received after 2013 and after your income tax return is filed. Irs form 1040ez tax tables   If anyone receives a refund after 2013 of qualified education expenses paid on behalf of a student in 2013 and the refund is paid after you file an income tax return for 2013, you may need to repay some or all of the credit. Irs form 1040ez tax tables See Credit recapture, next. Irs form 1040ez tax tables Credit recapture. Irs form 1040ez tax tables    If any tax-free educational assistance for the qualified education expenses paid in 2013, or any refund of your qualified education expenses paid in 2013, is received after you file your 2013 income tax return, you must recapture (repay) any excess credit. Irs form 1040ez tax tables You do this by refiguring the amount of your adjusted qualified education expenses for 2013 by reducing the expenses by the amount of the refund or tax-free educational assistance. Irs form 1040ez tax tables You then refigure your education credit(s) for 2013 and figure the amount by which your 2013 tax liability would have increased if you claimed the refigured credit(s). Irs form 1040ez tax tables Include that amount as an additional tax for the year the refund or tax-free assistance was received. Irs form 1040ez tax tables Example. Irs form 1040ez tax tables   You paid $7,000 tuition and fees in August 2013, and your child began college in September 2013. Irs form 1040ez tax tables You filed your 2013 tax return on February 17, 2014, and claimed an American opportunity credit of $2,500. Irs form 1040ez tax tables After you filed your return, you received a refund of $4,000. Irs form 1040ez tax tables You must refigure your 2013 American opportunity credit using $3,000 of qualified education expenses instead of $7,000. Irs form 1040ez tax tables The refigured credit is $2,250. Irs form 1040ez tax tables The increase to your tax liability is also $250. Irs form 1040ez tax tables Include the difference of $250 as additional tax on your 2014 tax return. Irs form 1040ez tax tables See the instructions for your 2014 income tax return to determine where to include this tax. Irs form 1040ez tax tables If you pay qualified education expenses in 2014 for an academic period that begins in the first 3 months of 2014 and you receive tax-free educational assistance, or a refund, as described above, you may choose to reduce your qualified education expenses for 2014 instead of reducing your expenses for 2013. Irs form 1040ez tax tables Amounts that do not reduce qualified education expenses. Irs form 1040ez tax tables   Do not reduce qualified education expenses by amounts paid with funds the student receives as: Payment for services, such as wages, A loan, A gift, An inheritance, or A withdrawal from the student's personal savings. Irs form 1040ez tax tables   Do not reduce the qualified education expenses by any scholarship or fellowship reported as income on the student's tax return in the following situations. Irs form 1040ez tax tables The use of the money is restricted, by the terms of the scholarship or fellowship, to costs of attendance (such as room and board) other than qualified education expenses as defined in Qualified education expenses in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions. Irs form 1040ez tax tables The use of the money is not restricted. Irs form 1040ez tax tables Example 1. Irs form 1040ez tax tables Joan paid $3,000 for tuition and $5,000 for room and board at University X. Irs form 1040ez tax tables The university did not require her to pay any fees in addition to her tuition in order to enroll in or attend classes. Irs form 1040ez tax tables To help pay these costs, she was awarded a $2,000 scholarship and a $4,000 student loan. Irs form 1040ez tax tables The terms of the scholarship state that it can be used to pay any of Joan's college expenses. Irs form 1040ez tax tables University X applies the $2,000 scholarship against Joan's $8,000 total bill, and Joan pays the $6,000 balance of her bill from University X with a combination of her student loan and her savings. Irs form 1040ez tax tables Joan does not report any portion of the scholarship as income on her tax return. Irs form 1040ez tax tables In figuring the amount of either education credit (American opportunity or lifetime learning), Joan must reduce her qualified education expenses by the amount of the scholarship ($2,000) because she excluded the entire scholarship from her income. Irs form 1040ez tax tables The student loan is not tax-free educational assistance, so she does not need to reduce her qualified expenses by any part of the loan proceeds. Irs form 1040ez tax tables Joan is treated as having paid $1,000 in qualified education expenses ($3,000 tuition – $2,000 scholarship). Irs form 1040ez tax tables Example 2. Irs form 1040ez tax tables The facts are the same as in Example 1, except that Joan reports her entire scholarship as income on her tax return. Irs form 1040ez tax tables Because Joan reported the entire $2,000 scholarship in her income, she does not need to reduce her qualified education expenses. Irs form 1040ez tax tables Joan is treated as having paid $3,000 in qualified education expenses. Irs form 1040ez tax tables Coordination with Pell grants and other scholarships. Irs form 1040ez tax tables   In some cases, you may be able to reduce your tax liability by including scholarships in income. Irs form 1040ez tax tables If you are claiming an education credit for a claimed dependent who received a scholarship, you may be able to reduce your tax liability if the student includes the scholarship in income. Irs form 1040ez tax tables The scholarship must be one that may (by its terms) be applied to expenses (such as room and board) other than qualified education expenses. Irs form 1040ez tax tables Example 1—No scholarship. Irs form 1040ez tax tables Bill Pass, age 28 and unmarried, enrolled full-time in 2013 as a first-year student at a local college to earn a degree in law enforcement. Irs form 1040ez tax tables This was his first year of postsecondary education. Irs form 1040ez tax tables During 2013, he paid $5,600 for his qualified education expenses and $4,400 for his room and board for the fall 2013 semester. Irs form 1040ez tax tables He and the college meet all the requirements for the American opportunity credit. Irs form 1040ez tax tables Bill's AGI and his MAGI, for purposes of figuring his credit, are $30,000. Irs form 1040ez tax tables Bill takes the standard deduction of $5,950 and personal exemption of $3,800, reducing his AGI to taxable income of $20,250. Irs form 1040ez tax tables His income tax liability, before credits, is $2,599 and Bill claims no credits other than the American opportunity credit. Irs form 1040ez tax tables He figures his American opportunity credit based on qualified education expenses of $4,000, which results in a credit of $2,500 and tax after credits of $99. Irs form 1040ez tax tables Example 2—Scholarship excluded from income. Irs form 1040ez tax tables The facts are the same as in Example 1—No scholarship, except that Bill was awarded a $5,600 scholarship. Irs form 1040ez tax tables Under the terms of his scholarship, it may be used to pay any educational expenses, including room and board. Irs form 1040ez tax tables If Bill excludes the scholarship from income, he will be deemed (for purposes of computing his education credit) to have used the scholarship to pay for tuition, required fees, and course materials. Irs form 1040ez tax tables His adjusted qualified education expenses will be zero and he will not have an education credit. Irs form 1040ez tax tables Therefore, Bill's tax after credits would be $2,599. Irs form 1040ez tax tables Example 3—Scholarship partially included in income. Irs form 1040ez tax tables The facts are the same as in Example 2—Scholarship excluded from income. Irs form 1040ez tax tables If, unlike Example 2, Bill includes $4,000 of the scholarship in income, he will be deemed to have used that amount to pay for room and board. Irs form 1040ez tax tables The remaining $1,600 of the $5,600 scholarship will reduce his qualified education expenses and his adjusted qualified education expenses will be $4,000. Irs form 1040ez tax tables Bill's AGI will increase to $34,000, his taxable income will increase to $24,250, and his tax before credits will increase to $3,199. Irs form 1040ez tax tables Based on his adjusted qualified education expenses of $4,000, Bill would be able to claim an American opportunity tax credit of $2,500 and his tax after credits would be $699. Irs form 1040ez tax tables Expenses That Do Not Qualify Qualified education expenses do not include amounts paid for: Insurance, Medical expenses (including student health fees), Room and board, Transportation, or Similar personal, living, or family expenses. Irs form 1040ez tax tables This is true even if the amount must be paid to the institution as a condition of enrollment or attendance. Irs form 1040ez tax tables Sports, games, hobbies, and noncredit courses. Irs form 1040ez tax tables   Qualified education expenses generally do not include expenses that relate to any course of instruction or other education that involves sports, games or hobbies, or any noncredit course. Irs form 1040ez tax tables However, if the course of instruction or other education is part of the student's degree program, these expenses can qualify. Irs form 1040ez tax tables Comprehensive or bundled fees. Irs form 1040ez tax tables   Some eligible educational institutions combine all of their fees for an academic period into one amount. Irs form 1040ez tax tables If you do not receive or do not have access to an allocation showing how much you paid for qualified education expenses and how much you paid for personal expenses, such as those listed earlier, contact the institution. Irs form 1040ez tax tables The institution is required to make this allocation and provide you with the amount you paid (or were billed) for qualified education expenses on Form 1098-T, Tuition Statement. Irs form 1040ez tax tables See Figuring the Credit , later, for more information about Form 1098-T. Irs form 1040ez tax tables Who Is an Eligible Student To claim the American opportunity credit, the student for whom you pay qualified education expenses must be an eligible student. Irs form 1040ez tax tables This is a student who meets all of the following requirements. Irs form 1040ez tax tables The student did not have expenses that were used to figure an American opportunity credit in any 4 earlier tax years. Irs form 1040ez tax tables This includes any tax year(s) in which you claimed the Hope Scholarship Credit for the same student. Irs form 1040ez tax tables The student had not completed the first 4 years of postsecondary education (generally, the freshman, sophomore, junior, and senior years of college) before 2013. Irs form 1040ez tax tables For at least one academic period beginning in 2013, the student was enrolled at least half-time in a program leading to a degree, certificate, or other recognized educational credential. Irs form 1040ez tax tables The student has not been convicted of any federal or state felony for possessing or distributing a controlled substance as of the end of 2013. Irs form 1040ez tax tables These requirements are also shown in Figure 2-2, Who is an Eligible Student for the American Opportunity Credit , later. Irs form 1040ez tax tables Completion of first 4 years. Irs form 1040ez tax tables   A student has completed the first 4 years of postsecondary education if the institution at which the student is enrolled awards the student 4 years of academic credit at that institution for coursework completed by the student before 2013. Irs form 1040ez tax tables This student generally would not be an eligible student for purposes of the American opportunity credit. Irs form 1040ez tax tables Exception. Irs form 1040ez tax tables   Any academic credit awarded solely on the basis of the student's performance on proficiency examinations is disregarded in determining whether the student has completed 4 years of postsecondary education. Irs form 1040ez tax tables Enrolled at least half-time. Irs form 1040ez tax tables   A student was enrolled at least half-time if the student was taking at least half the normal full-time work load for his or her course of study. Irs form 1040ez tax tables   The standard for what is half of the normal full-time work load is determined by each eligible educational institution. Irs form 1040ez tax tables However, the standard may not be lower than any of those established by the U. Irs form 1040ez tax tables S. Irs form 1040ez tax tables Department of Education under the Higher Education Act of 1965. Irs form 1040ez tax tables Please click here for the text description of the image. Irs form 1040ez tax tables Figure 2-2 Example 1. Irs form 1040ez tax tables Mack graduated from high school in June 2012. Irs form 1040ez tax tables In September, he enrolled in an undergraduate degree program at College U, and attended full-time for both the 2012 fall and 2013 spring semesters. Irs form 1040ez tax tables For the 2013 fall semester, Mack was enrolled less than half-time. Irs form 1040ez tax tables Because Mack was enrolled in an undergraduate degree program on at least a half-time basis for at least one academic period that began during 2012 and at least one academic period that began during 2013, he is an eligible student for tax years 2012 and 2013 (including the 2013 fall semester when he enrolled at College U on less than a half-time basis). Irs form 1040ez tax tables Example 2. Irs form 1040ez tax tables After taking classes at College V on a part-time basis for a few years, Shelly became a full-time student for the 2013 spring semester. Irs form 1040ez tax tables College V classified Shelly as a second-semester senior (fourth year) for the 2013 spring semester and as a first-semester graduate student (fifth year) for the 2013 fall semester. Irs form 1040ez tax tables Because College V did not classify Shelly as having completed the first 4 years of postsecondary education as of the beginning of 2013, Shelly is an eligible student for tax year 2013. Irs form 1040ez tax tables Therefore, the qualified education expenses paid for the 2013 spring semester and the 2013 fall semester are taken into account in calculating the American opportunity credit for 2013. Irs form 1040ez tax tables Example 3. Irs form 1040ez tax tables During the 2012 fall semester, Larry was a high school student who took classes on a half-time basis at College X. Irs form 1040ez tax tables Larry was not enrolled as part of a degree program at College X because College X only admits students to a degree program if they have a high school diploma or equivalent. Irs form 1040ez tax tables Because Larry was not enrolled in a degree program at College X during 2012, Larry was not an eligible student for tax year 2012. Irs form 1040ez tax tables Example 4. Irs form 1040ez tax tables The facts are the same as in Example 3. Irs form 1040ez tax tables During the 2013 spring semester, Larry again attended College X but not as part of a degree program. Irs form 1040ez tax tables Larry graduated from high school in June 2013. Irs form 1040ez tax tables For the 2013 fall semester, Larry enrolled as a full-time student in College X as part of a degree program, and College X awarded Larry credit for his prior coursework at College X. Irs form 1040ez tax tables Because Larry was enrolled in a degree program at College X for the 2013 fall term on at least a half-time basis, Larry is an eligible student for all of tax year 2013. Irs form 1040ez tax tables Therefore, the qualified education expenses paid for classes taken at College X during both the 2013 spring semester (during which Larry was not enrolled in a degree program) and the 2013 fall semester are taken into account in computing any American opportunity credit. Irs form 1040ez tax tables Example 5. Irs form 1040ez tax tables Dee graduated from high school in June 2012. Irs form 1040ez tax tables In January 2013, Dee enrolled in a 1-year postsecondary certificate program on a full-time basis to obtain a certificate as a travel agent. Irs form 1040ez tax tables Dee completed the program in December 2013, and was awarded a certificate. Irs form 1040ez tax tables In January 2014, she enrolled in a 1-year postsecondary certificate program on a full-time basis to obtain a certificate as a computer programmer. Irs form 1040ez tax tables Dee is an eligible student for both tax years 2013 and 2014 because she meets the degree requirement, the work load requirement, and the year of study requirement for those years. Irs form 1040ez tax tables Who Can Claim a Dependent's Expenses If there are qualified education expenses for your dependent during a tax year, either you or your dependent, but not both of you, can claim an American opportunity credit for your dependent's expenses for that year. Irs form 1040ez tax tables For you to claim an American opportunity credit for your dependent's expenses, you must also claim an exemption for your dependent. Irs form 1040ez tax tables You do this by listing your dependent's name and other required information on Form 1040 (or Form 1040A), line 6c. Irs form 1040ez tax tables IF you. Irs form 1040ez tax tables . Irs form 1040ez tax tables . Irs form 1040ez tax tables THEN only. Irs form 1040ez tax tables . Irs form 1040ez tax tables . Irs form 1040ez tax tables claim an exemption on  your tax return for a  dependent who is an  eligible student you can claim the American opportunity credit based on that dependent's expenses. Irs form 1040ez tax tables The dependent cannot claim the credit. Irs form 1040ez tax tables do not claim an exemption on your tax return for a dependent who is an eligible student (even if entitled to the exemption) the dependent can claim the American opportunity credit. Irs form 1040ez tax tables You cannot claim the credit based on this dependent's expenses. Irs form 1040ez tax tables Expenses paid by dependent. Irs form 1040ez tax tables   If you claim an exemption on your tax return for an eligible student who is your dependent, treat any expenses paid (or deemed paid) by your dependent as if you had paid them. Irs form 1040ez tax tables Include these expenses when figuring the amount of your American opportunity credit. Irs form 1040ez tax tables    Qualified education expenses paid directly to an eligible educational institution for your dependent under a court-approved divorce decree are treated as paid by your dependent. Irs form 1040ez tax tables Expenses paid by you. Irs form 1040ez tax tables   If you claim an exemption for a dependent who is an eligible student, only you can include any expenses you paid when figuring the amount of the American opportunity credit. Irs form 1040ez tax tables If neither you nor anyone else claims an exemption for the dependent, only the dependent can include any expenses you paid when figuring the American opportunity credit. Irs form 1040ez tax tables Expenses paid by others. Irs form 1040ez tax tables   Someone other than you, your spouse, or your dependent (such as a relative or former spouse) may make a payment directly to an eligible educational institution to pay for an eligible student's qualified education expenses. Irs form 1040ez tax tables In this case, the student is treated as receiving the payment from the other person and, in turn, paying the institution. Irs form 1040ez tax tables If you claim an exemption on your tax return for the student, you are considered to have paid the expenses. Irs form 1040ez tax tables Example. Irs form 1040ez tax tables In 2013, Ms. Irs form 1040ez tax tables Allen makes a payment directly to an eligible educational institution for her grandson Todd's qualified education expenses. Irs form 1040ez tax tables For purposes of claiming an American opportunity credit, Todd is treated as receiving the money from his grandmother and, in turn, paying his qualified education expenses himself. Irs form 1040ez tax tables Unless an exemption for Todd is claimed on someone else's 2013 tax return, only Todd can use the payment to claim an American opportunity credit. Irs form 1040ez tax tables If anyone, such as Todd's parents, claims an exemption for Todd on his or her 2013 tax return, whoever claims the exemption may be able to use the expenses to claim an American opportunity credit. Irs form 1040ez tax tables If anyone else claims an exemption for Todd, Todd cannot claim an American opportunity credit. Irs form 1040ez tax tables Tuition reduction. Irs form 1040ez tax tables    When an eligible educational institution provides a reduction in tuition to an employee of the institution (or spouse or dependent child of an employee), the amount of the reduction may or may not be taxable. Irs form 1040ez tax tables If it is taxable, the employee is treated as receiving a payment of that amount and, in turn, paying it to the educational institution on behalf of the student. Irs form 1040ez tax tables For more information on tuition reductions, see Qualified Tuition Reduction in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions. Irs form 1040ez tax tables Figuring the Credit The amount of the American opportunity credit (per eligible student) is the sum of: 100% of the first $2,000 of qualified education expenses you paid for the eligible student, and 25% of the next $2,000 of qualified education expenses you paid for that student. Irs form 1040ez tax tables The maximum amount of American opportunity credit you can claim in 2013 is $2,500 multiplied by the number of eligible students. Irs form 1040ez tax tables You can claim the full $2,500 for each eligible student for whom you paid at least $4,000 of adjusted qualified education expenses. Irs form 1040ez tax tables However, the credit may be reduced based on your MAGI. Irs form 1040ez tax tables See Effect of the Amount of Your Income on the Amount of Your Credit , later. Irs form 1040ez tax tables Example. Irs form 1040ez tax tables Jack and Kay Ford are married and file a joint tax return. Irs form 1040ez tax tables For 2013, they claim an exemption for their dependent daughter on their tax return. Irs form 1040ez tax tables Their MAGI is $70,000. Irs form 1040ez tax tables Their daughter is in her junior (third) year of studies at the local university. Irs form 1040ez tax tables Jack and Kay paid qualified education expenses of $4,300 in 2013. Irs form 1040ez tax tables Jack and Kay, their daughter, and the local university meet all of the requirements for the American opportunity credit. Irs form 1040ez tax tables Jack and Kay can claim a $2,500 American opportunity credit in 2013. Irs form 1040ez tax tables This is 100% of the first $2,000 of qualified education expenses, plus 25% of the next $2,000. Irs form 1040ez tax tables Form 1098-T. Irs form 1040ez tax tables   To help you figure your American opportunity credit, the student should receive Form 1098-T, Tuition Statement. Irs form 1040ez tax tables Generally, an eligible educational institution (such as a college or university) must send Form 1098-T (or acceptable substitute) to each enrolled student by January 31, 2014. Irs form 1040ez tax tables An institution may choose to report either payments received (box 1), or amounts billed (box 2), for qualified education expenses. Irs form 1040ez tax tables However, the amounts in boxes 1 and 2 of Form 1098-T might be different than what you paid. Irs form 1040ez tax tables When figuring the credit, use only the amounts you paid or are deemed to have paid in 2013 for qualified education expenses. Irs form 1040ez tax tables   In addition, Form 1098-T should give other information for that institution, such as adjustments made for prior years, the amount of scholarships or grants, reimbursements or refunds, and whether the student was enrolled at least half-time or was a graduate student. Irs form 1040ez tax tables    The eligible educational institution may ask for a completed Form W-9S, Request for Student's or Borrower's Taxpayer Identification Number and Certification, or similar statement to obtain the student's name, address, and taxpayer identification number. Irs form 1040ez tax tables Effect of the Amount of Your Income on the Amount of Your Credit The amount of your American opportunity credit is phased out (gradually reduced) if your MAGI is between $80,000 and $90,000 ($160,000 and $180,000 if you file a joint return). Irs form 1040ez tax tables You cannot claim an American opportunity credit if your MAGI is $90,000 or more ($180,000 or more if you file a joint return). Irs form 1040ez tax tables Modified adjusted gross income (MAGI). Irs form 1040ez tax tables   For most taxpayers, MAGI is adjusted gross income (AGI) as figured on their federal income tax return. Irs form 1040ez tax tables MAGI when using Form 1040A. Irs form 1040ez tax tables   If you file Form 1040A, your MAGI is the AGI on line 22 of that form. Irs form 1040ez tax tables MAGI when using Form 1040. Irs form 1040ez tax tables   If you file Form 1040, your MAGI is the AGI on line 38 of that form, modified by adding back any: Foreign earned income exclusion, Foreign housing exclusion, Foreign housing deduction, Exclusion of income by bona fide residents of American Samoa, and Exclusion of income by bona fide residents of Puerto Rico. Irs form 1040ez tax tables You can use Worksheet 2-1, next, to figure your MAGI. Irs form 1040ez tax tables    Worksheet 2-1. Irs form 1040ez tax tables MAGI for the American Opportunity Credit 1. Irs form 1040ez tax tables Enter your adjusted gross income  (Form 1040, line 38)   1. Irs form 1040ez tax tables   2. Irs form 1040ez tax tables Enter your foreign earned income exclusion and/or housing exclusion (Form 2555, line 45, or Form 2555-EZ, line 18)   2. Irs form 1040ez tax tables       3. Irs form 1040ez tax tables Enter your foreign housing deduction (Form 2555, line 50)   3. Irs form 1040ez tax tables       4. Irs form 1040ez tax tables Enter the amount of income from Puerto Rico you are excluding   4. Irs form 1040ez tax tables       5. Irs form 1040ez tax tables Enter the amount of income from American Samoa you are excluding (Form 4563, line 15)   5. Irs form 1040ez tax tables       6. Irs form 1040ez tax tables Add the amounts on lines 2, 3, 4, and 5   6. Irs form 1040ez tax tables   7. Irs form 1040ez tax tables Add the amounts on lines 1 and 6. Irs form 1040ez tax tables  This is your modified adjusted  gross income. Irs form 1040ez tax tables Enter here and  on Form 8863, line 3   7. Irs form 1040ez tax tables   Phaseout. Irs form 1040ez tax tables   If your MAGI is within the range of incomes where the credit must be reduced, you will figure your reduced credit using lines 2-7, of Form 8863, Part I. Irs form 1040ez tax tables The same method is shown in the following example. Irs form 1040ez tax tables Example. Irs form 1040ez tax tables You are filing a joint return and your MAGI is $165,000. Irs form 1040ez tax tables In 2013, you paid $5,000 of qualified education expenses. Irs form 1040ez tax tables You figure a tentative American opportunity credit of $2,500 (100% of the first $2,000 of qualified education expenses, plus 25% of the next $2,000 of qualified education expenses). Irs form 1040ez tax tables Because your MAGI is within the range of incomes where the credit must be reduced, you must multiply your tentative credit ($2,500) by a fraction. Irs form 1040ez tax tables The numerator of the fraction is $180,000 (the upper limit for those filing a joint return) minus your MAGI. Irs form 1040ez tax tables The denominator is $20,000, the range of incomes for the phaseout ($160,000 to $180,000). Irs form 1040ez tax tables The result is the amount of your phased out (reduced) American opportunity credit ($1,875). Irs form 1040ez tax tables      $2,500 × $180,000 − $165,000  $20,000 = $1,875   Refundable Part of Credit Forty percent of the American opportunity credit is refundable for most taxpayers. Irs form 1040ez tax tables However, if you were under age 24 at the end of 2013 and the conditions listed below apply to you, you cannot claim any part of the American opportunity credit as a refundable credit on your tax return. Irs form 1040ez tax tables Instead, your allowed credit (figured on Form 8863, Part II) will be used to reduce your tax as a nonrefundable credit only. Irs form 1040ez tax tables You do not qualify for a refund if items 1 (a, b, or c), 2, and 3 below apply to you. Irs form 1040ez tax tables You were: Under age 18 at the end of 2013, or Age 18 at the end of 2013 and your earned income (defined below) was less than one-half of your support (defined below), or Over age 18 and under age 24 at the end of 2013 and a full-time student (defined below) and your earned income (defined below) was less than one-half of your support (defined below). Irs form 1040ez tax tables At least one of your parents was alive at the end of 2013. Irs form 1040ez tax tables You are filing a return as single, head of household, qualifying widow(er), or married filing separately for 2013. Irs form 1040ez tax tables Earned income. Irs form 1040ez tax tables   Earned income includes wages, salaries, professional fees, and other payments received for personal services actually performed. Irs form 1040ez tax tables Earned income includes the part of any scholarship or fellowship that represents payment for teaching, research, or other services performed by the student that are required as a condition for receiving the scholarship or fellowship. Irs form 1040ez tax tables Earned income does not include that part of the compensation for personal services rendered to a corporation which represents a distribution of earnings or profits rather than a reasonable allowance as compensation for the personal services actually rendered. Irs form 1040ez tax tables   If you are a sole proprietor or a partner in a trade or business in which both personal services and capital are material income-producing factors, earned income also includes a reasonable allowance for compensation for personal services, but not more than 30% of your share of the net profits from that trade or business (after subtracting the deduction for one-half of self-employment tax). Irs form 1040ez tax tables However, if capital is not an income-producing factor and your personal services produced the business income, the 30% limit does not apply. Irs form 1040ez tax tables Support. Irs form 1040ez tax tables   Your support includes food, shelter, clothing, medical and dental care, education, and the like. Irs form 1040ez tax tables Generally, the amount of the item of support will be the amount of expenses incurred by the one furnishing such item. Irs form 1040ez tax tables If the item of support is in the form of property or lodging, measure the amount of such item of support by its fair market value. Irs form 1040ez tax tables However, a scholarship received by you is not considered support if you are a full-time student. Irs form 1040ez tax tables See Publication 501 for details. Irs form 1040ez tax tables Full-time student. Irs form 1040ez tax tables   You are a full-time student for 2013 if during any part of any 5 calendar months during the year you were enrolled as a full-time student at an eligible educational institution (defined earlier), or took a full-time, on-farm training course given by such an institution or by a state, county, or local government agency. Irs form 1040ez tax tables Claiming the Credit You claim the American opportunity credit by completing Form 8863 and submitting it with your Form 1040 or 1040A. Irs form 1040ez tax tables Enter the nonrefundable part of the credit on Form 1040, line 49, or on Form 1040A, line 31. Irs form 1040ez tax tables Enter the refundable part of the credit on Form 1040, line 66, or on Form 1040A, line 40. Irs form 1040ez tax tables A filled-in Form 8863 is shown at the end of this publication. Irs form 1040ez tax tables Note. Irs form 1040ez tax tables In Appendix A. Irs form 1040ez tax tables at the end of this publication, there is an example illustrating the use of Form 8863 when both the American opportunity credit and the lifetime learning credit are claimed on the same tax return. Irs form 1040ez tax tables Prev  Up  Next   Home   More Online Publications
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IRS Provides Tax Relief to Victims of Hurricane Irene

IRS e-File, Free File to Remain Available to Irene Victims through Oct. 31

Updated 10/11, 9/29, 9/15, 9/14, 9/13, 9/12, 9/9, 9/8,  9/7, 9/2 2011 with expanded federal disaster area.

IR-2011-87, Sept. 1, 2011

WASHINGTON –– The Internal Revenue Service is providing tax relief to individual and business taxpayers impacted by Hurricane Irene.

The IRS announced today that certain taxpayers in Connecticut, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Puerto Rico and Vermont will receive tax relief, and other locations are expected to be added in coming days following additional damage assessments by the Federal Emergency Management Agency (FEMA).

The tax relief postpones certain tax filing and payment deadlines to Oct. 31, 2011. It includes corporations and businesses that previously obtained an extension until Sept. 15, 2011, to file their 2010 returns and individuals and businesses that received a similar extension until Oct. 17. It also includes the estimated tax payment for the third quarter of 2011, which would normally be due Sept. 15.

Full details, including the start date for the relief in various locations and information on how to claim a disaster loss by amending a prior-year tax return, can be found in tax relief announcements for individual states on this website.

The tax relief is part of a coordinated federal response to the damage caused by the hurricane and is based on local damage assessments by FEMA. For information on disaster recovery, individuals should visit disasterassistance.gov.

Tax Relief Available So Far

Filing and payment relief is currently available to taxpayers in federal disaster areas declared in Connecticut, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Puerto Rico and Vermont. The IRS expects to announce tax relief for taxpayers in other areas as damage assessments continue. The IRS encourages taxpayers and tax practitioners to monitor Tax Relief in Disaster Situations on this website for updates.

So far, IRS filing and payment relief applies to the following counties and municipalities:

  • In Connecticut: Fairfield, Hartford, Litchfield, Middlesex, New Haven, New London, Tolland and Windham;
  • In Massachusetts: Berkshire and Franklin;
  • In New Hampshire: Carroll and Grafton;
  • In New Jersey: Atlantic, Bergen, Burlington, Camden, Cape May, Cumberland, Essex, Gloucester, Hudson, Hunterdon, Mercer, Middlesex, Monmouth, Morris, Ocean, Passaic, Salem, Somerset, Sussex, Union and Warren;
  • In New York: Albany, Bronx, Clinton, Columbia, Delaware, Dutchess, Essex, Greene, Herkimer, Kings, Montgomery, Nassau, Orange, Otsego, Putnam, Queens, Rensselaer, Richmond, Rockland, Saratoga, Schenectady, Schoharie, Suffolk, Sullivan, Ulster, Warren, Washington and Westchester; 
  • In North Carolina: Beaufort, Bertie, Bladen, Brunswick, Camden, Carteret, Chowan, Columbus, Craven, Currituck, Dare, Duplin, Edgecombe, Gates, Greene, Halifax, Hertford, Hyde, Johnston, Jones, Lenoir, Martin, Nash, New Hanover, Northampton, Onslow, Pamlico, Pasquotank, Pender, Perquimans, Pitt, Sampson, Tyrrell, Vance, Warren, Washington, Wayne and Wilson;
  • In Pennsylvania: Bucks, Chester, Delaware, Lehigh, Luzerne, Monroe, Montgomery, Northampton, Philadelphia, Sullivan and Wyoming;
  • In Puerto Rico: Adjuntas, Arroyo, Aguas Buenas, Caguas, Canóvanas, Carolina, Cayey, Cidra, Ciales, Coamo, Comerío, Fajardo, Guaynabo, Gurabo, Humacao, Jayuya, Juncos, Las Piedras, Loíza, Luquillo, Naguabo, Naranjito, Orocovis, Patillas, Ponce, Río Grande,  San Juan, San Lorenzo, Trujillo Alto, Vega Baja, Vieques and Villalba;
  • In Vermont: Addison, Bennington, Caledonia, Chittenden, Franklin, Lamoille, Orleans, Orange, Rutland, Washington, Windham and Windsor;

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Page Last Reviewed or Updated: 12-Mar-2014

The Irs Form 1040ez Tax Tables

Irs form 1040ez tax tables Index A Assessment of tax, Assessment of tax. Irs form 1040ez tax tables Assistance (see Tax help) B Bankruptcy Code tax compliance, Bankruptcy Code Tax Compliance Requirements Returns due after filing, Tax Returns Due After the Bankruptcy Filing Returns due before chapter 13 filing, Tax Returns Due for Periods Ending Before the Bankruptcy Filing in Chapter 13 Cases Bankruptcy estate, Taxes and the Bankruptcy Estate Attribute carryovers, Carrybacks from the debtor's activities. Irs form 1040ez tax tables Carrybacks, Carrybacks from the debtor's activities. Irs form 1040ez tax tables Disclosure of return information, Disclosure of bankruptcy estate's return information to debtor. Irs form 1040ez tax tables Employer identification number, Employer identification number. Irs form 1040ez tax tables , Employer identification number. Irs form 1040ez tax tables Estimated tax, Estimated tax – Form 1041-ES. Irs form 1040ez tax tables Return filing requirements, Bankruptcy Estate Tax Return Filing Requirements and Payment of Tax Due Separate taxable entity, Separate taxable entity. Irs form 1040ez tax tables Transfer of assets, Transfer of assets between debtor and bankruptcy estate. Irs form 1040ez tax tables C Conversion or dismissal chapter 11 case, Conversion or dismissal of chapter 11 cases. Irs form 1040ez tax tables Corporations, Corporations Filing requirements, Corporations Tax-free reorganizations, Tax-Free Reorganizations D Debt cancellation, Debt Cancellation Bankruptcy exclusion, Bankruptcy case exclusion. Irs form 1040ez tax tables Corporations, Corporations Insolvency exclusion, Insolvency exclusion. Irs form 1040ez tax tables Partnerships, Partnerships S corporations, S Corporations Deductions and credits, Bankruptcy Estate Deductions and Credits Administrative expenses, Administrative expenses. Irs form 1040ez tax tables Discharge of tax, Discharge of Unpaid Tax Disclosure of return information, Disclosure of debtor's return information to trustee. Irs form 1040ez tax tables , Disclosure of return information to trustee. Irs form 1040ez tax tables Dismissal of case Amended return, Dismissal of bankruptcy case. Irs form 1040ez tax tables E Election to end tax year: Form 1040, Debtor's Election To End Tax Year – Form 1040 Annualizing taxable income, Annualizing taxable income. Irs form 1040ez tax tables Election by spouse, Election by debtor's spouse. Irs form 1040ez tax tables Filing requirements, Making the Election - Filing Requirements Short tax years, Short tax years. Irs form 1040ez tax tables Employment taxes, Employment taxes. Irs form 1040ez tax tables , Employment Taxes Examination of return, Examination of return. Irs form 1040ez tax tables F Free tax services, How To Get Tax Help H Help (see Tax help) I Individuals in Chapter 12 or 13, Individuals in Chapter 12 or 13 Individuals in Chapter 7 or 11, Individuals in Chapter 7 or 11 Gross income chapter 11 case, Income of the estate in individual chapter 11 cases. Irs form 1040ez tax tables Gross income chapter 7 case, Income of the estate in individual chapter 7 cases. Irs form 1040ez tax tables J Jurisdiction over tax matters, Court Jurisdiction Over Tax Matters Bankruptcy Court, Bankruptcy Court Tax Court, Tax Court M More information (see Tax help) O Ordering tax return transcripts, Ordering tax transcripts and copies of returns. Irs form 1040ez tax tables P Partnerships, filing requirements, Partnerships Payment of tax claim, Federal Tax Claims Eighth priority taxes, Unsecured Tax Claims Second, third, fourth priority taxes, Higher priority taxes. Irs form 1040ez tax tables Secured tax claims, Secured tax claims. Irs form 1040ez tax tables Penalties, Penalties. Irs form 1040ez tax tables Relief from penalties, Relief from certain penalties. Irs form 1040ez tax tables Publications (see Tax help) R Request for prompt tax determination, Prompt Determination Requests Request for refund, Requests for refund or credit S Statute of limitations collections, Statute of limitations for collection. Irs form 1040ez tax tables T Tax attributes, Reduction of Tax Attributes Basis reduction, Basis. Irs form 1040ez tax tables , Basis Reduction Carryovers, Attribute carryovers. Irs form 1040ez tax tables Order of reduction, Order of reduction. Irs form 1040ez tax tables Reduction of, Reduction of Tax Attributes Tax help, How To Get Tax Help Tax reporting chapter 11 cases, Tax Reporting – Chapter 11 Cases Employment tax returns, Tax Reporting – Chapter 11 Cases Information returns, Employment taxes and employer's obligation to file Form W-2 in individual chapter 11 cases. Irs form 1040ez tax tables Self-employment taxes, Self-employment taxes in individual chapter 11 cases. Irs form 1040ez tax tables Wage reporting, tax withholding, Employment taxes and employer's obligation to file Form W-2 in individual chapter 11 cases. Irs form 1040ez tax tables Tax return: Form 1041, Figuring tax due. Irs form 1040ez tax tables Figuring tax due, Filing Requirements Payment of tax due, Payment of Tax Due When to file, When to file. Irs form 1040ez tax tables Taxpayer Advocate, Taxpayer Advocate Service. Irs form 1040ez tax tables TTY/TDD information, How To Get Tax Help Prev  Up     Home   More Online Publications