File your Taxes for Free!
  • Get your maximum refund*
  • 100% accurate calculations guaranteed*

TurboTax Federal Free Edition - File Taxes Online

Don't let filing your taxes get you down! We'll help make it as easy as possible. With e-file and direct deposit, there's no faster way to get your refund!

Approved TurboTax Affiliate Site. TurboTax and TurboTax Online, among others, are registered trademarks and/or service marks of Intuit Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of the respective owners.


© 2012 - 2018 All rights reserved.

This is an Approved TurboTax Affiliate site. TurboTax and TurboTax Online, among other are registered trademarks and/or service marks of Intuit, Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of the respective owners.
When discussing "Free e-file", note that state e-file is an additional fee. E-file fees do not apply to New York state returns. Prices are subject to change without notice. E-file and get your refund faster
*If you pay an IRS or state penalty or interest because of a TurboTax calculations error, we'll pay you the penalty and interest.
*Maximum Refund Guarantee - or Your Money Back: If you get a larger refund or smaller tax due from another tax preparation method, we'll refund the applicable TurboTax federal and/or state purchase price paid. TurboTax Federal Free Edition customers are entitled to payment of $14.99 and a refund of your state purchase price paid. Claims must be submitted within sixty (60) days of your TurboTax filing date and no later than 6/15/14. E-file, Audit Defense, Professional Review, Refund Transfer and technical support fees are excluded. This guarantee cannot be combined with the TurboTax Satisfaction (Easy) Guarantee. *We're so confident your return will be done right, we guarantee it. Accurate calculations guaranteed. If you pay an IRS or state penalty or interest because of a TurboTax calculations error, we'll pay you the penalty and interest.
https://turbotax.intuit.com/corp/guarantees.jsp

Irs Forms Amended Return

Back Taxes HelpCan I File My 2012 TaxesFillable 1040ezAmend Tax FormsFree State Tax E FileAmended 2009 Tax ReturnTax Return Form 1040ezInternal Revenue Service Tax Forms For 20112011 Tax Return Software2011 Federal Tax FilingFilling Out 1040x OnlineFree File State Tax ReturnFiling An AmendmentFree Turbo Tax 20112012 1040ez FormWhere Can I Get 2012 Tax FormsHow To Fill Out The 1040ezTax Return 2012 FormTaxes UnemployedE-file State And Federal Taxes For FreeHow Do You File An Amended Federal Tax ReturnEfile 1040xFree Online 1040ezTurbo Tax For 2012 Sign InMyfreetaxes.com/everettTaxslayer Login PageMyfreetaxesFile Free State Taxes OnlyTaxes OnlineForm 1040ezGo 2007 TaxesForm 1040Efile 1040ezFree State Tax FilingsHow To File Your State Taxes1040ez Printable Tax FormsState Income TaxMilitary Tax Calculator2012 Federal Tax Form 1040ezEfile 1040x Form

Irs Forms Amended Return

Irs forms amended return Publication 17(SP) - Introductory Material Table of Contents Qué Hay de Nuevo Recordatorios IntroductionIconos. Irs forms amended return Para pedir formularios y publicaciones. Irs forms amended return Preguntas sobre los impuestos. Irs forms amended return Todo material en esta publicación puede ser reimpreso gratuitamente. Irs forms amended return Una referencia a El Impuesto Federal sobre los Ingresos (2013) sería apropiada. Irs forms amended return Las explicaciones y ejemplos en esta publicación representan la interpretación del Servicio de Impuestos Internos (IRS, por sus siglas en inglés) con respecto a: Leyes tributarias promulgadas por el Congreso de los Estados Unidos, Reglamentos del Departamento del Tesoro de los Estados Unidos y Decisiones de los tribunales. Irs forms amended return Sin embargo, la información provista no abarca cada situación y no se presenta con la intención de reemplazar la ley o cambiar su significado. Irs forms amended return Esta publicación abarca ciertos temas sobre los cuales un tribunal puede haber dictado un fallo más favorable para los contribuyentes que la interpretación hecha por el IRS. Irs forms amended return Hasta que estas interpretaciones divergentes sean resueltas por fallos o decretos de un tribunal superior o de alguna otra manera, esta publicación continuará presentando las interpretaciones hechas por el IRS. Irs forms amended return Todos los contribuyentes tienen derechos importantes cuando tratan con el IRS. Irs forms amended return Estos derechos están descritos en la sección titulada Derechos del Contribuyente , al final de esta publicación. Irs forms amended return Qué Hay de Nuevo Esta sección resume ciertos cambios tributarios importantes que entraron en vigor en el año 2013. Irs forms amended return La mayor parte de estos cambios se abordan en más detalle en esta publicación. Irs forms amended return Acontecimientos futuros. Irs forms amended return  Si desea obtener la información más reciente sobre temas de ley tributaria que se explican en esta publicación, incluyendo toda información sobre legislación tributaria, acceda a www. Irs forms amended return irs. Irs forms amended return gov/pub17sp. Irs forms amended return Impuesto Adicional del Medicare. Irs forms amended return  Comenzando en el año 2013, le corresponderá un Impuesto Adicional del Medicare de 0. Irs forms amended return 9% sobre los salarios, la compensación por jubilación ferroviaria (RRTA, por sus siglas en inglés) y el ingreso sobre el trabajo por cuenta propia que están sujetos al impuesto al Medicare. Irs forms amended return El impuesto corresponde si estos ingresos son mayores que: $125,000, si es casado que presenta una declaración por separado, $250,000, si es casado que presenta una declaración conjunta o $200,000, si presenta la declaración utilizando cualquier otro estado civil para efectos de la declaración. Irs forms amended return Si desea más información, vea el Formulario 8959 y sus Instrucciones, disponibles en inglés. Irs forms amended return Impuesto sobre los ingresos netos de inversión. Irs forms amended return  Comenzando en el año 2013, usted podría estar sujeto al impuesto sobre los ingresos netos de inversión (NIIT, por sus siglas en inglés). Irs forms amended return Este impuesto es el 3. Irs forms amended return 8% de la cantidad menor entre (a) su ingreso neto de inversión o (b) la cantidad en exceso de su ingreso bruto ajustado modificado sobre: $125,000, si es casado que presenta una declaración por separado, $250,000, si es casado que presenta una declaración conjunta o si es viudo calificado o $200,000, si presenta la declaración utilizando cualquier otro estado civil para efectos de la declaración. Irs forms amended return Si desea más información, vea el Formulario 8960 y sus Instrucciones, disponibles en inglés. Irs forms amended return Cambio en las tasas tributarias. Irs forms amended return  La tasa tributaria mayor es de 39. Irs forms amended return 6%. Irs forms amended return Si desea más información, vea la Hoja de Trabajo para el Cálculo del Impuesto del Año 2013 o las Tasas Impositivas de 2013 , las cuales se encuentran al final de esta publicación. Irs forms amended return Tasa tributaria sobre las ganancias netas de capital y dividendos calificados. Irs forms amended return  La tasa tributaria máxima de 15% sobre las ganancias netas de capital y los dividendos calificados ha aumentado a 20% para algunos contribuyentes. Irs forms amended return Vea el capítulo 16 . Irs forms amended return Gastos médicos y dentales. Irs forms amended return  Usted puede deducir solamente la parte de sus gastos médicos y dentales que sea mayor que el 10% de su ingreso bruto ajustado (7. Irs forms amended return 5% si usted o su cónyuge tiene 65 años de edad o más). Irs forms amended return Vea el capítulo 21 . Irs forms amended return Aumento de la cantidad de la exención personal para determinados contribuyentes. Irs forms amended return  La exención personal que le corresponde a usted ha aumentado a $3,900. Irs forms amended return Pero, esta cantidad se reduce si su ingreso bruto ajustado es mayor que: $150,000, si es casado que presenta una declaración por separado, $250,000, si es soltero, $275,000, si es cabeza de familia o $300,000, si presenta la declaración utilizando cualquier otro estado civil para efectos de la declaración. Irs forms amended return Vea el capítulo 3 . Irs forms amended return Límite sobre las deducciones detalladas. Irs forms amended return  Usted puede que no tenga derecho de deducir todas sus deducciones detalladas si su ingreso bruto ajustado es mayor que: $150,000, si es casado que presenta una declaración por separado, $250,000, si es soltero, $275,000, si es cabeza de familia o $300,000, si presenta la declaración utilizando cualquier otro estado civil para efectos de la declaración. Irs forms amended return Vea el capítulo 29 . Irs forms amended return Matrimonio entre el mismo sexo. Irs forms amended return  Si tiene un cónyuge de su mismo sexo con quien usted se casó en un estado (o jurisdicción o país extranjero) que reconoce el matrimonio entre personas del mismo sexo, usted y su cónyuge tienen que utilizar el estado civil para efectos de la declaración de casados que presentan una declaración conjunta o casado que presenta la declaración por separado en su declaración del año 2013. Irs forms amended return Utilice uno de estos estados civiles para efectos de la declaración aunque usted y su cónyuge en la actualidad vivan en un estado (o jurisdicción o país extranjero) en donde no se reconozca el matrimonio entre personas del mismo sexo. Irs forms amended return Vea el capítulo 2 . Irs forms amended return Si reúne ciertos requisitos, quizás podría presentar declaraciones enmendadas para cambiar su estado civil para efectos de la declaración para algunos años anteriores. Irs forms amended return Si desea saber más detalles sobre declaraciones enmendadas, vea el capítulo 1 . Irs forms amended return Cuenta flexible de ahorros para gastos médicos (FSA, por sus siglas en inglés). Irs forms amended return  Comenzando con los años del plan después de 2012, usted no puede hacer aportaciones mediante la reducción de salarios mayores de $2,500 a cuentas flexibles de ahorros para gastos médicos (FSA, por sus siglas en inglés). Irs forms amended return Vea el capítulo 5 . Irs forms amended return Créditos tributarios que vencen. Irs forms amended return  El crédito por vehículo eléctrico enchufable y la parte reembolsable del crédito del impuesto mínimo de años anteriores ha vencido. Irs forms amended return Usted no puede reclamar ninguno de éstos en su declaración del año 2013. Irs forms amended return Vea el capítulo 37 . Irs forms amended return Esquemas de inversión de tipo Ponzi. Irs forms amended return  Hay nuevas reglas sobre cómo reclamar una deducción en el Formulario 4684, en inglés, debido a una pérdida por robo por un esquema de inversión de tipo Ponzi. Irs forms amended return Vea el capítulo 25 . Irs forms amended return Método simplificado para la deducción por oficina en el hogar. Irs forms amended return  Si usted puede tomar una deducción por tener una oficina en su hogar, quizás pueda utilizar un método simplificado para calcular dicha deducción. Irs forms amended return Vea la Publicación 587, disponible en inglés. Irs forms amended return Tarifas estándar por milla. Irs forms amended return  Para 2013, la tarifa estándar por milla permitida por el costo de operar su automóvil para uso comercial ha aumentado a 56½ centavos por milla. Irs forms amended return Vea el capítulo 26 . Irs forms amended return Para 2013, la tarifa estándar por milla permitida por el costo de operar su automóvil por razones médicas ha aumentado a 24 centavos por milla. Irs forms amended return Vea el capítulo 21 . Irs forms amended return Para 2013, la tarifa estándar por milla permitida por el costo de operar su automóvil para determinar los gastos de mudanza ha aumentado a 24 centavos por milla. Irs forms amended return Vea la Publicación 521, Moving Expenses (Gastos de mudanza), en inglés. Irs forms amended return Recordatorios A continuación aparecen recordatorios importantes y otros asuntos que le podrían ayudar a presentar su declaración de impuestos del año 2013. Irs forms amended return Muchos de estos asuntos se explican más adelante en esta publicación. Irs forms amended return Anote su número de Seguro Social (SSN, por sus siglas en inglés) en la declaración. Irs forms amended return  Anote su número de Seguro Social (SSN, por sus siglas en inglés) en el espacio correspondiente de la declaración de impuestos. Irs forms amended return Si presentó una declaración conjunta de impuestos en el año 2012 y presenta una declaración conjunta en el año 2013 con el mismo cónyuge, escriba los nombres y números de Seguro Social en el mismo orden en que lo hizo en el año 2012. Irs forms amended return Vea el capítulo 1 . Irs forms amended return Proteja su documentación tributaria contra el robo de identidad. Irs forms amended return  El robo de identidad ocurre cuando otra persona usa la información personal de usted sin su autorización para cometer fraude u otros delitos. Irs forms amended return Dicha información personal podría ser su nombre, número de Seguro Social (SSN, por sus siglas en inglés) u otra información de identificación. Irs forms amended return Un ladrón de identidad puede usar su SSN para obtener un empleo o puede presentar una declaración de impuestos usando su SSN robado para recibir un reembolso. Irs forms amended return Si desea más información sobre el robo de identidad e información sobre cómo reducir su riesgo al robo de identidad, vea el capítulo 1 . Irs forms amended return Números de identificación del contribuyente. Irs forms amended return  Tiene que proveer el número de identificación del contribuyente de cada persona por la cual reclama ciertos beneficios tributarios. Irs forms amended return Este requisito se aplica aun en el caso en que la persona haya nacido en el año 2013. Irs forms amended return Por lo general, este número es el número de Seguro Social de la persona. Irs forms amended return Vea el capítulo 1 . Irs forms amended return Ingreso de fuentes en el extranjero. Irs forms amended return  Si es ciudadano de los Estados Unidos con ingresos provenientes de fuentes en el extranjero (ingresos del extranjero), tiene que declarar todos estos ingresos en su declaración de impuestos, a menos que estén exentos conforme a las leyes estadounidenses. Irs forms amended return Esto es cierto tanto si vive dentro como fuera de los Estados Unidos e independientemente de si recibe o no un Formulario W-2 ó 1099 del pagador extranjero. Irs forms amended return Esto corresponde al ingreso del trabajo (como salarios y propinas) y también al ingreso no derivado del trabajo (como intereses, dividendos, ganancias de capital, pensiones, alquileres y regalías). Irs forms amended return Si reside fuera de los Estados Unidos, es posible que pueda excluir la totalidad o parte de su ingreso del trabajo procedente de fuentes en el extranjero. Irs forms amended return Para más detalles, vea la Publicación 54, Tax Guide for U. Irs forms amended return S. Irs forms amended return Citizens and Resident Aliens Abroad (Guía tributaria para ciudadanos y residentes estadounidenses en el extranjero), en inglés. Irs forms amended return Activos financieros extranjeros. Irs forms amended return  Si tuvo activos financieros extranjeros en el 2013, es posible que tenga que presentar el nuevo Formulario 8938 con su declaración. Irs forms amended return Vea www. Irs forms amended return IRS. Irs forms amended return gov/form8938, en inglés, para más detalles. Irs forms amended return Prórroga automática de 6 meses para presentar la declaración de impuestos. Irs forms amended return  Puede usar el Formulario 4868(SP), Solicitud de Prórroga Automática para Presentar la Declaración del Impuesto sobre el Ingreso Personal de los Estados Unidos (o el Formulario 4868, en inglés), para obtener una prórroga automática de 6 meses para presentar su declaración de impuestos. Irs forms amended return Vea el capítulo 1 . Irs forms amended return Incluya su número de teléfono en la declaración. Irs forms amended return  Para resolver rápidamente cualquier pregunta que necesitemos hacerle para tramitar su declaración, nos gustaría poder llamarlo. Irs forms amended return Anote el número de teléfono donde podamos llamarlo durante el día, al lado del espacio donde firma la declaración de impuestos y donde aparece su ocupación. Irs forms amended return Si usted presenta una declaración conjunta, puede anotar el número de teléfono suyo o el de su cónyuge. Irs forms amended return Pago de los impuestos. Irs forms amended return   Puede pagar sus impuestos a través de la Internet, a través del teléfono o por medio de cheque o giro. Irs forms amended return Puede efectuar una transferencia directa de su cuenta bancaria o utilizar una tarjeta de crédito o débito. Irs forms amended return Si presenta su declaración electrónicamente (por medio de e-file), puede programar un pago electrónico. Irs forms amended return Vea el capítulo 1 . Irs forms amended return Maneras más rápidas de presentar su declaración. Irs forms amended return  El IRS ofrece maneras rápidas y fiables de presentar la información tributaria sin tener que presentar una declaración en papel. Irs forms amended return Puede usar el sistema electrónico e-file del IRS para presentar su declaración de impuestos. Irs forms amended return Vea el capítulo 1 . Irs forms amended return Presentación electrónica gratuita de la declaración. Irs forms amended return  Usted quizás pueda presentar su declaración de impuestos del año 2013 por Internet sin pagar cargo alguno. Irs forms amended return Vea el capítulo 1 . Irs forms amended return Cambio de dirección. Irs forms amended return  Si cambia de dirección, debe notificarle al IRS. Irs forms amended return Vea el tema titulado Cambio de Dirección , en el capítulo 1. Irs forms amended return Reembolsos de una declaración presentada fuera de plazo. Irs forms amended return  Si a usted se le debe un reembolso pero no presentó una declaración, por lo general tendrá que presentar su declaración dentro de 3 años a partir de la fecha en que la declaración venció (incluidas prórrogas) para obtener ese reembolso. Irs forms amended return Vea el capítulo 1 . Irs forms amended return Declaraciones de impuestos frívolas. Irs forms amended return  El IRS ha publicado una lista de posturas identificadas como frívolas. Irs forms amended return La multa por presentar una declaración de impuestos frívola es de $5,000. Irs forms amended return Vea el capítulo 1 . Irs forms amended return Reclamación errónea de reembolso o crédito. Irs forms amended return  Quizás tenga que pagar una multa si reclama erróneamente un reembolso o crédito. Irs forms amended return Vea el capítulo 1 . Irs forms amended return Información sobre la Ley de Confidencialidad de Información y la Ley de Reducción de Trámites. Irs forms amended return   La IRS Restructuring and Reform Act of 1998 (Ley de Reestructuración y Reforma del Servicio de Impuestos Internos de 1998), la Privacy Act of 1974 (Ley de Confidencialidad de Información de 1974) y la Paperwork Reduction Act of 1980 (Ley de Reducción de Trámites de 1980) requieren que, cuando le solicitemos información, le informemos primero sobre cuál es nuestro derecho legal para solicitar esa información, por qué la estamos solicitando, cómo se usará la información, qué podría suceder si no la recibimos y si su respuesta es voluntaria, necesaria para obtener un beneficio u obligatoria conforme a la ley. Irs forms amended return Una explicación completa sobre este tema puede encontrarse en las instrucciones de los formularios. Irs forms amended return Servicio a los contribuyentes. Irs forms amended return  Puede hacer una cita para recibir ayuda en persona en el Centro de Ayuda al Contribuyente más conveniente en el día laborable que más le convenga. Irs forms amended return Vea el tema titulado Cómo Obtener Ayuda con los Impuestos , al final de esta publicación. Irs forms amended return Mandato para preparadores de impuestos sobre el sistema e-file. Irs forms amended return  La mayoría de los preparadores de impuestos remunerados que preparan y presentan declaraciones tienen que presentar electrónicamente por medio del sistema e-file. Irs forms amended return Puede ser que su preparador le comunique sobre este requisito y las opciones que están a disposición suya. Irs forms amended return Inspector General del Tesoro para la Administración Tributaria. Irs forms amended return   Si desea denunciar confidencialmente la mala conducta, ineficacia, el fraude o abuso cometido por un empleado del IRS, puede llamar al 1-800-366-4484 (1-800-877-8339 para personas sordas, con limitación auditiva o que tienen impedimentos del habla, y que usen equipo TTY/TDD). Irs forms amended return Puede mantenerse anónimo. Irs forms amended return Fotografías de niños desaparecidos. Irs forms amended return  El IRS se enorgullece en colaborar con el National Center for Missing and Exploited Children (Centro Nacional de Búsqueda de Niños Desaparecidos y Explotados). Irs forms amended return Las fotografías de niños desaparecidos que han sido seleccionadas por el Centro pueden aparacer en esta publicación en páginas que de otra manera estarían en blanco. Irs forms amended return Usted puede ayudar a que estos niños regresen a sus hogares mirando sus fotografías y llamando al número gratuito 1-800-THE-LOST (1-800-843-5678) si reconoce a un niño. Irs forms amended return Introduction Esta publicación abarca las reglas generales para la presentación de una declaración federal de impuestos sobre el ingreso. Irs forms amended return La publicación complementa la información contenida en las instrucciones para el formulario de impuestos. Irs forms amended return Igualmente explica las leyes tributarias para asegurar que usted pague sólo los impuestos que adeuda y nada más. Irs forms amended return Cómo está organizada esta publicación. Irs forms amended return   Esta publicación sigue de cerca el Formulario 1040, U. Irs forms amended return S. Irs forms amended return Individual Income Tax Return (Declaración de impuestos de los Estados Unidos sobre los ingresos personales), disponible en inglés. Irs forms amended return Está dividida en seis partes que abarcan distintas secciones del Formulario 1040. Irs forms amended return Cada parte está subdividida en capítulos que normalmente explican una línea del formulario. Irs forms amended return No se preocupe si presenta el Formulario 1040A o el Formulario 1040EZ. Irs forms amended return Todo lo que está incluido en una línea de cualquiera de ambos formularios se incluye también en el Formulario 1040. Irs forms amended return   La tabla de contenido que aparece al comienzo de esta publicación y el índice que aparece al final le servirán de utilidad para encontrar la información que necesite. Irs forms amended return Qué se incluye en esta publicación. Irs forms amended return   Esta publicación comienza con las reglas para la presentación de una declaración de impuestos. Irs forms amended return La publicación explica: Quién tiene que presentar una declaración, Qué formulario se debe utilizar para declarar los impuestos, Cuándo es la fecha de vencimiento de la declaración, Cómo presentar su declaración usando el sistema electrónico e-file y Otra información general. Irs forms amended return Esta publicación le ayudará a identificar el estado civil para propósitos de la declaración al cual tiene derecho. Irs forms amended return Del mismo modo, le ayudará a determinar si puede reclamar algún dependiente y si los ingresos que recibe están sujetos a impuestos. Irs forms amended return La publicación también explica la deducción estándar, las clases de gastos que quizás pueda deducir y varios créditos que quizás pueda tomar para reducir sus impuestos. Irs forms amended return   A lo largo de la publicación, hay ejemplos que muestran cómo se aplican las leyes tributarias en situaciones típicas. Irs forms amended return También hay organigramas y tablas en la publicación que presentan información tributaria en una manera fácil de entender. Irs forms amended return   Muchos de los temas que se tratan en esta publicación son explicados en mayor detalle en otras publicaciones del IRS. Irs forms amended return Se hace referencia a dichas publicaciones y se indica si están disponibles en español o en inglés. Irs forms amended return Iconos. Irs forms amended return   En la publicación se utilizan pequeños símbolos gráficos, o sea iconos, para llamar su atención a información especial. Irs forms amended return Vea la Tabla 1 , más adelante, para una explicación de cada icono usado en esta publicación. Irs forms amended return Qué no se incluye en esta publicación. Irs forms amended return   Algunos materiales que le podrían ser útiles no se incluyen en esta publicación pero pueden encontrarse en el folleto de instrucciones del formulario de impuestos. Irs forms amended return Esto incluye listas que identifican lo siguiente: Dónde declarar ciertas partidas que aparecen en documentos informativos y Temas tributarios grabados (temas TeleTax). Irs forms amended return   Si opera su propio negocio o si tiene otros ingresos del trabajo por cuenta propia, tales como del cuidado de niños o la venta de artesanía, vea las siguientes publicaciones para más información: Publicación 334, Tax Guide for Small Business (For Individuals Who Use Schedule C or C-EZ) (Guía tributaria para pequeños negocios (para personas que usen el Anexo C o C-EZ)), en inglés. Irs forms amended return Publicación 535, Business Expenses (Gastos de negocios), en inglés. Irs forms amended return Publicación 587, Business Use of Your Home (Including Use by Daycare Providers) (Uso comercial de su vivienda (incluyendo el uso por proveedores del cuidado de niños)), en inglés. Irs forms amended return Ayuda del IRS. Irs forms amended return   Existen muchas maneras en que puede obtener ayuda del IRS. Irs forms amended return Éstas se explican bajo el tema titulado Cómo Obtener Ayuda con los Impuestos , al final de esta publicación. Irs forms amended return Comentarios y sugerencias. Irs forms amended return   Agradeceremos sus comentarios acerca de esta publicación, así como sus sugerencias para ediciones futuras. Irs forms amended return   Puede enviar sus comentarios a la dirección siguiente:  Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. Irs forms amended return NW, IR-6526 Washington, DC 20224   Contestamos muchas cartas por teléfono. Irs forms amended return Por lo tanto, sería útil que incluyera en la correspondencia su número de teléfono, con el código de área, en donde nos podamos comunicar con usted durante el día. Irs forms amended return   Usted nos puede enviar comentarios desde la página web www. Irs forms amended return irs. Irs forms amended return gov/formspubs, en inglés, seleccionando Comment on Tax Forms and Publications (Enviar comentarios sobre los formularios y publicaciones de impuestos), bajo la sección More Information (Información adicional). Irs forms amended return   Aunque no le podemos contestar individualmente, agradecemos sus comentarios y sugerencias y los tendremos en cuenta para ediciones futuras de nuestros productos tributarios. Irs forms amended return Para pedir formularios y publicaciones. Irs forms amended return   Visite www. Irs forms amended return irs. Irs forms amended return gov/formspubs para descargar formularios y publicaciones, llame al 1-800-829-3676 para pedir formularios y publicaciones o escriba a la dirección indicada a continuación y recibirá una respuesta dentro de 10 días después de que nosotros recibamos su solicitud. Irs forms amended return  Internal Revenue Service 1201 N. Irs forms amended return Mitsubishi Motorway Bloomington, IL 61705-6613 Preguntas sobre los impuestos. Irs forms amended return   Si tiene una pregunta sobre los impuestos, verifique la información disponible en IRS. Irs forms amended return gov/espanol o llame al 1-800-829-1040. Irs forms amended return No podemos contestar preguntas sobre impuestos enviadas a ninguna de las dos direcciones indicadas anteriormente. Irs forms amended return Misión del IRS. Irs forms amended return   Proveerles a los contribuyentes de los Estados Unidos de América un servicio de la más alta calidad al ayudarles a entender y cumplir con sus responsabilidades tributarias y, a la vez, hacer cumplir las leyes tributarias de manera íntegra y justa para todos. Irs forms amended return Tabla 1. Irs forms amended return Leyenda de los Iconos Icono Explicación Partidas que podrían causarle problemas en particular o una alerta sobre legislaciones pendientes que podrían entrar en vigor después de que se imprima esta publicación. Irs forms amended return Un sitio en Internet o una dirección de correo electrónico. Irs forms amended return Una dirección que podría necesitar. Irs forms amended return Documentos que debería mantener en su documentación personal. Irs forms amended return Cálculos que necesite realizar o una hoja de trabajo que pueda tener que completar y conservar para sus archivos. Irs forms amended return Un número de teléfono importante. Irs forms amended return Información que podría necesitar. Irs forms amended return Prev  Up  Next   Home   More Online Publications
Español

U.S. Government Resources in Tagalog

Familia / Family

Education

Kalusugan / Health

Pera at Saka Karapatan / Money and Benefits

Visitors to the United States

The Irs Forms Amended Return

Irs forms amended return 2. Irs forms amended return   Taxable and Nontaxable Income Table of Contents Compensation for Services Retirement Plan DistributionsIndividual Retirement Arrangements (IRAs) Pensions and Annuities Social Security and Equivalent Railroad Retirement BenefitsAre Any of Your Benefits Taxable? How Much Is Taxable? How To Report Your Benefits Lump-Sum Election Repayments More Than Gross Benefits Sickness and Injury BenefitsDisability Pensions Long-Term Care Insurance Contracts Workers' Compensation Other Sickness and Injury Benefits Life Insurance ProceedsInstallments for life. Irs forms amended return Surviving spouse. Irs forms amended return Endowment Contract Proceeds Accelerated Death Benefits Sale of HomeMaximum Amount of Exclusion Ownership and Use Tests Married Persons Business Use or Rental of Home Reporting the Sale Reverse Mortgages Other ItemsWelfare benefits. Irs forms amended return Payments from a state fund for victims of crime. Irs forms amended return Home Affordable Modification Program (HAMP). Irs forms amended return Mortgage assistance payments. Irs forms amended return Payments to reduce cost of winter energy use. Irs forms amended return Nutrition Program for the Elderly. Irs forms amended return Reemployment Trade Adjustment Assistance (RTAA). Irs forms amended return Generally, income is taxable unless it is specifically exempt (not taxed) by law. Irs forms amended return Your taxable income may include compensation for services, interest, dividends, rents, royalties, income from partnerships, estate or trust income, gain from sales or exchanges of property, and business income of all kinds. Irs forms amended return Under special provisions of the law, certain items are partially or fully exempt from tax. Irs forms amended return Provisions that are of special interest to older taxpayers are discussed in this chapter. Irs forms amended return Compensation for Services Generally, you must include in gross income everything you receive in payment for personal services. Irs forms amended return In addition to wages, salaries, commissions, fees, and tips, this includes other forms of compensation such as fringe benefits and stock options. Irs forms amended return You need not receive the compensation in cash for it to be taxable. Irs forms amended return Payments you receive in the form of goods or services generally must be included in gross income at their fair market value. Irs forms amended return Volunteer work. Irs forms amended return   Do not include in your gross income amounts you receive for supportive services or reimbursements for out-of-pocket expenses under any of the following volunteer programs. Irs forms amended return Retired Senior Volunteer Program (RSVP). Irs forms amended return Foster Grandparent Program. Irs forms amended return Senior Companion Program. Irs forms amended return Service Corps of Retired Executives (SCORE). Irs forms amended return Unemployment compensation. Irs forms amended return   You must include in income all unemployment compensation you or your spouse (if married filing jointly) received. Irs forms amended return More information. Irs forms amended return   See Publication 525, Taxable and Nontaxable Income, for more detailed information on specific types of income. Irs forms amended return Retirement Plan Distributions This section summarizes the tax treatment of amounts you receive from traditional individual retirement arrangements (IRA), employee pensions or annuities, and disability pensions or annuities. Irs forms amended return A traditional IRA is any IRA that is not a Roth or SIMPLE IRA. Irs forms amended return A Roth IRA is an individual retirement plan that can be either an account or an annuity and features nondeductible contributions and tax-free distributions. Irs forms amended return A SIMPLE IRA is a tax-favored retirement plan that certain small employers (including self-employed individuals) can set up for the benefit of their employees. Irs forms amended return More detailed information can be found in Publication 590, Individual Retirement Arrangements (IRAs), and Publication 575, Pension and Annuity Income. Irs forms amended return Individual Retirement Arrangements (IRAs) In general, distributions from a traditional IRA are taxable in the year you receive them. Irs forms amended return Exceptions to the general rule are rollovers, tax-free withdrawals of contributions, and the return of nondeductible contributions. Irs forms amended return These are discussed in Publication 590. Irs forms amended return If you made nondeductible contributions to a traditional IRA, you must file Form 8606, Nondeductible IRAs. Irs forms amended return If you do not file Form 8606 with your return, you may have to pay a $50 penalty. Irs forms amended return Also, when you receive distributions from your traditional IRA, the amounts will be taxed unless you can show, with satisfactory evidence, that nondeductible contributions were made. Irs forms amended return Early distributions. Irs forms amended return   Generally, early distributions are amounts distributed from your traditional IRA account or annuity before you are age 59½, or amounts you receive when you cash in retirement bonds before you are age  59½. Irs forms amended return You must include early distributions of taxable amounts in your gross income. Irs forms amended return These taxable amounts are also subject to an additional 10% tax unless the distribution qualifies for an exception. Irs forms amended return For purposes of the additional 10% tax, an IRA is a qualified retirement plan. Irs forms amended return For more information about this tax, see Tax on Early Distributions under Pensions and Annuities, later. Irs forms amended return After age 59½ and before age 70½. Irs forms amended return   After you reach age 59½, you can receive distributions from your traditional IRA without having to pay the 10% additional tax. Irs forms amended return Even though you can receive distributions after you reach age 59½, distributions are not required until you reach  age 70½. Irs forms amended return Required distributions. Irs forms amended return   If you are the owner of a traditional IRA, you generally must receive the entire balance in your IRA or start receiving periodic distributions from your IRA by April 1 of the year following the year in which you reach age 70½. Irs forms amended return See When Must You Withdraw Assets? (Required Minimum Distributions) in Publication 590. Irs forms amended return If distributions from your traditional IRA(s) are less than the required minimum distribution for the year, you may have to pay a 50% excise tax for that year on the amount not distributed as required. Irs forms amended return For purposes of the 50% excise tax, an IRA is a qualified retirement plan. Irs forms amended return For more information about this tax, see Tax on Excess Accumulation under Pensions and Annuities, later. Irs forms amended return See also Excess Accumulations (Insufficient Distributions) in Publication 590. Irs forms amended return Pensions and Annuities Generally, if you did not pay any part of the cost of your employee pension or annuity, and your employer did not withhold part of the cost of the contract from your pay while you worked, the amounts you receive each year are fully taxable. Irs forms amended return However, see Insurance Premiums for Retired Public Safety Officers , later. Irs forms amended return If you paid part of the cost of your pension or annuity plan (see Cost , later), you can exclude part of each annuity payment from income as a recovery of your cost (investment in the contract). Irs forms amended return This tax-free part of the payment is figured when your annuity starts and remains the same each year, even if the amount of the payment changes. Irs forms amended return The rest of each payment is taxable. Irs forms amended return However, see Insurance Premiums for Retired Public Safety Officers , later. Irs forms amended return You figure the tax-free part of the payment using one of the following methods. Irs forms amended return Simplified Method. Irs forms amended return You generally must use this method if your annuity is paid under a qualified plan (a qualified employee plan, a qualified employee annuity, or a tax-sheltered annuity plan or contract). Irs forms amended return You cannot use this method if your annuity is paid under a nonqualified plan. Irs forms amended return General Rule. Irs forms amended return You must use this method if your annuity is paid under a nonqualified plan. Irs forms amended return You generally cannot use this method if your annuity is paid under a qualified plan. Irs forms amended return Contact your employer or plan administrator to find out if your pension or annuity is paid under a qualified or nonqualified plan. Irs forms amended return You determine which method to use when you first begin receiving your annuity, and you continue using it each year that you recover part of your cost. Irs forms amended return Exclusion limit. Irs forms amended return   If your annuity starting date is after 1986, the total amount of annuity income you can exclude over the years as a recovery of the cost cannot exceed your total cost. Irs forms amended return Any unrecovered cost at your (or the last annuitant's) death is allowed as a miscellaneous itemized deduction on the final return of the decedent. Irs forms amended return This deduction is not subject to the 2%-of-adjusted-gross-income limit on miscellaneous deductions. Irs forms amended return   If you contributed to your pension or annuity and your annuity starting date is before 1987, you can continue to take your monthly exclusion for as long as you receive your annuity. Irs forms amended return If you chose a joint and survivor annuity, your survivor can continue to take the survivor's exclusion figured as of the annuity starting date. Irs forms amended return The total exclusion may be more than your cost. Irs forms amended return Cost. Irs forms amended return   Before you can figure how much, if any, of your pension or annuity benefits are taxable, you must determine your cost in the plan (your investment in the contract). Irs forms amended return Your total cost in the plan includes everything that you paid. Irs forms amended return It also includes amounts your employer contributed that were taxable to you when paid. Irs forms amended return However, see Foreign employment contributions , later. Irs forms amended return   From this total cost, subtract any refunded premiums, rebates, dividends, unrepaid loans, or other tax-free amounts you received by the later of the annuity starting date or the date on which you received your first payment. Irs forms amended return   The annuity starting date is the later of the first day of the first period for which you received a payment from the plan or the date on which the plan's obligations became fixed. Irs forms amended return    The amount of your contributions to the plan may be shown in box 9b of any Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. Irs forms amended return , that you receive. Irs forms amended return Foreign employment contributions. Irs forms amended return   If you worked abroad, certain amounts your employer paid into your retirement plan that were not includible in your gross income may be considered part of your cost. Irs forms amended return For details, see Foreign employment contributions in Publication 575. Irs forms amended return Withholding. Irs forms amended return   The payer of your pension, profit-sharing, stock bonus, annuity, or deferred compensation plan will withhold income tax on the taxable part of amounts paid to you. Irs forms amended return However, you can choose not to have tax withheld on the payments you receive, unless they are eligible rollover distributions. Irs forms amended return (These are distributions that are eligible for rollover treatment but are not paid directly to another qualified retirement plan or to a traditional IRA. Irs forms amended return ) See Withholding Tax and Estimated Tax and Rollovers in Publication 575 for more information. Irs forms amended return   For payments other than eligible rollover distributions, you can tell the payer how much to withhold by filing a Form W-4P, Withholding Certificate for Pension or Annuity Payments. Irs forms amended return Simplified Method. Irs forms amended return   Under the Simplified Method, you figure the tax-free part of each annuity payment by dividing your cost by the total number of anticipated monthly payments. Irs forms amended return For an annuity that is payable over the lives of the annuitants, this number is based on the annuitants' ages on the annuity starting date and is determined from a table. Irs forms amended return For any other annuity, this number is the number of monthly annuity payments under the contract. Irs forms amended return Who must use the Simplified Method. Irs forms amended return   You must use the Simplified Method if your annuity starting date is after November 18, 1996, and you receive your pension or annuity payments from a qualified plan or annuity, unless you were at least 75 years old and entitled to at least 5 years of guaranteed payments (defined next). Irs forms amended return   In addition, if your annuity starting date is after July 1, 1986, and before November 19, 1996, you could have chosen to use the Simplified Method for payments from a qualified plan, unless you were at least 75 years old and entitled to at least 5 years of guaranteed payments. Irs forms amended return If you chose to use the Simplified Method, you must continue to use it each year that you recover part of your cost. Irs forms amended return Guaranteed payments. Irs forms amended return   Your annuity contract provides guaranteed payments if a minimum number of payments or a minimum amount (for example, the amount of your investment) is payable even if you and any survivor annuitant do not live to receive the minimum. Irs forms amended return If the minimum amount is less than the total amount of the payments you are to receive, barring death, during the first 5 years after payments begin (figured by ignoring any payment increases), you are entitled to less than 5 years of guaranteed payments. Irs forms amended return Who cannot use the Simplified Method. Irs forms amended return   You cannot use the Simplified Method and must use the General Rule if you receive pension or annuity payments from: A nonqualified plan, such as a private annuity, a purchased commercial annuity, or a nonqualified employee plan, or A qualified plan if you are age 75 or older on your annuity starting date and you are entitled to at least 5 years of guaranteed payments (defined above). Irs forms amended return   In addition, you had to use the General Rule for either circumstance described above if your annuity starting date is after July 1, 1986, and before November 19, 1996. Irs forms amended return If you did not have to use the General Rule, you could have chosen to use it. Irs forms amended return You also had to use the General Rule for payments from a qualified plan if your annuity starting date is before July 2, 1986, and you did not qualify to use the Three-Year Rule. Irs forms amended return   If you had to use the General Rule (or chose to use it), you must continue to use it each year that you recover your cost. Irs forms amended return   Unless your annuity starting date was before 1987, once you have recovered all of your non-taxable investment, all of each remaining payment you receive is fully taxable. Irs forms amended return Once your remaining payments are fully taxable, there is no longer a concern with the General Rule or Simplified Method. Irs forms amended return   Complete information on the General Rule, including the actuarial tables you need, is contained in Publication 939, General Rule for Pensions and Annuities. Irs forms amended return How to use the Simplified Method. Irs forms amended return   Complete the Simplified Method Worksheet in the Form 1040, Form 1040A, or Form 1040NR instructions or in Publication 575 to figure your taxable annuity for 2013. Irs forms amended return Be sure to keep the completed worksheet; it will help you figure your taxable annuity next year. Irs forms amended return   To complete line 3 of the worksheet, you must determine the total number of expected monthly payments for your annuity. Irs forms amended return How you do this depends on whether the annuity is for a single life, multiple lives, or a fixed period. Irs forms amended return For this purpose, treat an annuity that is payable over the life of an annuitant as payable for that annuitant's life even if the annuity has a fixed-period feature or also provides a temporary annuity payable to the annuitant's child under age 25. Irs forms amended return    You do not need to complete line 3 of the worksheet or make the computation on line 4 if you received annuity payments last year and used last year's worksheet to figure your taxable annuity. Irs forms amended return Instead, enter the amount from line 4 of last year's worksheet on line 4 of this year's worksheet. Irs forms amended return Single-life annuity. Irs forms amended return   If your annuity is payable for your life alone, use Table 1 at the bottom of the worksheet to determine the total number of expected monthly payments. Irs forms amended return Enter on line 3 the number shown for your age on your annuity starting date. Irs forms amended return This number will differ depending on whether your annuity starting date is before November 19, 1996, or after November 18, 1996. Irs forms amended return Multiple-lives annuity. Irs forms amended return   If your annuity is payable for the lives of more than one annuitant, use Table 2 at the bottom of the worksheet to determine the total number of expected monthly payments. Irs forms amended return Enter on line 3 the number shown for the annuitants' combined ages on the annuity starting date. Irs forms amended return For an annuity payable to you as the primary annuitant and to more than one survivor annuitant, combine your age and the age of the youngest survivor annuitant. Irs forms amended return For an annuity that has no primary annuitant and is payable to you and others as survivor annuitants, combine the ages of the oldest and youngest annuitants. Irs forms amended return Do not treat as a survivor annuitant anyone whose entitlement to payments depends on an event other than the primary annuitant's death. Irs forms amended return   However, if your annuity starting date is before 1998, do not use Table 2 and do not combine the annuitants' ages. Irs forms amended return Instead, you must use Table 1 at the bottom of the worksheet and enter on line 3 the number shown for the primary annuitant's age on the annuity starting date. Irs forms amended return This number will differ depending on whether your annuity starting date is before November 19, 1996, or after November 18, 1996. Irs forms amended return Fixed-period annuities. Irs forms amended return   If your annuity does not depend in whole or in part on anyone's life expectancy, the total number of expected monthly payments to enter on line 3 of the worksheet is the number of monthly annuity payments under the contract. Irs forms amended return Line 6. Irs forms amended return   The amount on line 6 should include all amounts that could have been recovered in prior years. Irs forms amended return If you did not recover an amount in a prior year, you may be able to amend your returns for the affected years. Irs forms amended return    Be sure to keep a copy of the completed worksheet; it will help you figure your taxable annuity in later years. Irs forms amended return Example. Irs forms amended return Bill Smith, age 65, began receiving retirement benefits in 2013, under a joint and survivor annuity. Irs forms amended return Bill's annuity starting date is January 1, 2013. Irs forms amended return The benefits are to be paid over the joint lives of Bill and his wife, Kathy, age 65. Irs forms amended return Bill had contributed $31,000 to a qualified plan and had received no distributions before the annuity starting date. Irs forms amended return Bill is to receive a retirement benefit of $1,200 a month, and Kathy is to receive a monthly survivor benefit of $600 upon Bill's death. Irs forms amended return Bill must use the Simplified Method to figure his taxable annuity because his payments are from a qualified plan and he is under age 75. Irs forms amended return See the illustrated Worksheet 2-A, Simplified Method Worksheet, later. Irs forms amended return You can find a blank version of this worksheet in Publication 575. Irs forms amended return (The references in the illustrated worksheet are to sections in Publication 575). Irs forms amended return His annuity is payable over the lives of more than one annuitant, so Bill uses his and Kathy's combined ages, 130 (65 + 65), and Table 2 at the bottom of the worksheet in completing line 3 of the worksheet and finds the line 3 amount to be 310. Irs forms amended return Bill's tax-free monthly amount is $100 ($31,000 ÷ 310 as shown on line 4 of the worksheet). Irs forms amended return Upon Bill's death, if Bill has not recovered the full $31,000 investment, Kathy will also exclude $100 from her $600 monthly payment. Irs forms amended return The full amount of any annuity payments received after 310 payments are paid must generally be included in gross income. Irs forms amended return If Bill and Kathy die before 310 payments are made, a miscellaneous itemized deduction will be allowed for the unrecovered cost on the final income tax return of the last to die. Irs forms amended return This deduction is not subject to the 2%-of-adjusted-gross-income limit. Irs forms amended return Worksheet 2-A. Irs forms amended return Simplified Method Worksheet—Illustrated 1. Irs forms amended return Enter the total pension or annuity payments received this year. Irs forms amended return Also, add this amount to the total for Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a 1. Irs forms amended return $ 14,400 2. Irs forms amended return Enter your cost in the plan (contract) at the annuity starting date plus any death benefit exclusion* See Cost (Investment in the Contract), earlier 2. Irs forms amended return 31,000   Note. Irs forms amended return If your annuity starting date was before this year and you completed this worksheet last year, skip line 3 and enter the amount from line 4 of last year's worksheet on line 4 below (even if the amount of your pension or annuity has changed). Irs forms amended return Otherwise, go to line 3. Irs forms amended return     3. Irs forms amended return Enter the appropriate number from Table 1 below. Irs forms amended return But if your annuity starting date was after 1997 and the payments are for your life and that of your beneficiary, enter the appropriate number from Table 2 below 3. Irs forms amended return 310 4. Irs forms amended return Divide line 2 by the number on line 3 4. Irs forms amended return 100 5. Irs forms amended return Multiply line 4 by the number of months for which this year's payments were made. Irs forms amended return If your annuity starting date was before 1987, enter this amount on line 8 below and skip lines 6, 7, 10, and 11. Irs forms amended return Otherwise, go to line 6 5. Irs forms amended return 1,200 6. Irs forms amended return Enter any amount previously recovered tax free in years after 1986. Irs forms amended return This is the amount shown on line 10 of your worksheet for last year 6. Irs forms amended return 0 7. Irs forms amended return Subtract line 6 from line 2 7. Irs forms amended return 31,000 8. Irs forms amended return Enter the smaller of line 5 or line 7 8. Irs forms amended return 1,200 9. Irs forms amended return Taxable amount for year. Irs forms amended return Subtract line 8 from line 1. Irs forms amended return Enter the result, but not less than zero. Irs forms amended return Also, add this amount to the total for Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b. Irs forms amended return Note. Irs forms amended return If your Form 1099-R shows a larger taxable amount, use the amount figured on this line instead. Irs forms amended return If you are a retired public safety officer, see Insurance Premiums for Retired Public Safety Officers, earlier, before entering an amount on your tax return. Irs forms amended return 9. Irs forms amended return $ 13,200 10. Irs forms amended return Was your annuity starting date before 1987? □ Yes. Irs forms amended return STOP. Irs forms amended return Do not complete the rest of this worksheet. Irs forms amended return  ☑ No. Irs forms amended return Add lines 6 and 8. Irs forms amended return This is the amount you have recovered tax free through 2013. Irs forms amended return You will need this number if you need to fill out this worksheet next year. Irs forms amended return 10. Irs forms amended return 1,200 11. Irs forms amended return Balance of cost to be recovered. Irs forms amended return Subtract line 10 from line 2. Irs forms amended return If zero, you will not have to complete this worksheet next year. Irs forms amended return The payments you receive next year will generally be fully taxable 11. Irs forms amended return $ 29,800 * A death benefit exclusion (up to $5,000) applied to certain benefits received by employees who died before August 21, 1996. Irs forms amended return   Table 1 for Line 3 Above       AND your annuity starting date was—   IF your age on your annuity starting date was . Irs forms amended return . Irs forms amended return . Irs forms amended return   BEFORE November 19, 1996, enter on line 3 . Irs forms amended return . Irs forms amended return . Irs forms amended return AFTER November 18, 1996, enter on line 3 . Irs forms amended return . Irs forms amended return . Irs forms amended return   55 or under 300 360   56-60 260 310   61-65 240 260   66-70 170 210   71 or over 120 160 Table 2 for Line 3 Above   IF the annuitants' combined ages on your annuity starting date were . Irs forms amended return . Irs forms amended return . Irs forms amended return   THEN enter on line 3 . Irs forms amended return . Irs forms amended return . Irs forms amended return         110 or under   410         111-120   360         121-130   310         131-140   260         141 or over   210       Survivors of retirees. Irs forms amended return   Benefits paid to you as a survivor under a joint and survivor annuity must be included in your gross income in the same way the retiree would have included them in gross income. Irs forms amended return   If you receive a survivor annuity because of the death of a retiree who had reported the annuity under the Three-Year Rule, include the total received in your income. Irs forms amended return The retiree's cost has already been recovered tax free. Irs forms amended return   If the retiree was reporting the annuity payments under the General Rule, you must apply the same exclusion percentage the retiree used to your initial payment called for in the contract. Irs forms amended return The resulting tax-free amount will then remain fixed. Irs forms amended return Any increases in the survivor annuity are fully taxable. Irs forms amended return   If the retiree was reporting the annuity payments under the Simplified Method, the part of each payment that is tax free is the same as the tax-free amount figured by the retiree at the annuity starting date. Irs forms amended return See Simplified Method , earlier. Irs forms amended return How to report. Irs forms amended return   If you file Form 1040, report your total annuity on line 16a, and the taxable part on line 16b. Irs forms amended return If your pension or annuity is fully taxable, enter it on line 16b. Irs forms amended return Do not make an entry on line 16a. Irs forms amended return   If you file Form 1040A, report your total annuity on line 12a, and the taxable part on line 12b. Irs forms amended return If your pension or annuity is fully taxable, enter it on line 12b. Irs forms amended return Do not make an entry on line 12a. Irs forms amended return   If you file Form 1040NR, report your total annuity on line 17a, and the taxable part on line 17b. Irs forms amended return If your pension or annuity is fully taxable, enter it on line 17b. Irs forms amended return Do not make an entry on line 17a. Irs forms amended return Example. Irs forms amended return You are a Form 1040 filer and you received monthly payments totaling $1,200 (12 months x $100) during 2013 from a pension plan that was completely financed by your employer. Irs forms amended return You had paid no tax on the payments that your employer made to the plan, and the payments were not used to pay for accident, health, or long-term care insurance premiums (as discussed later under Insurance Premiums for Retired Public Safety Officers ). Irs forms amended return The entire $1,200 is taxable. Irs forms amended return You include $1,200 only on Form 1040, line 16b. Irs forms amended return Joint return. Irs forms amended return   If you file a joint return and you and your spouse each receive one or more pensions or annuities, report the total of the pensions and annuities on line 16a of Form 1040, line 12a of Form 1040A, or line 17a of Form 1040NR. Irs forms amended return Report the total of the taxable parts on line 16b of Form 1040, line 12b of Form 1040A, or line 17b of Form 1040NR. Irs forms amended return Form 1099-R. Irs forms amended return   You should receive a Form 1099-R for your pension or annuity. Irs forms amended return Form 1099-R shows your pension or annuity for the year and any income tax withheld. Irs forms amended return You should receive a Form W-2 if you receive distributions from certain nonqualified plans. Irs forms amended return You must attach Forms 1099-R or Forms W-2 to your 2013 tax return if federal income tax was withheld. Irs forms amended return Generally, you should be sent these forms by January 31, 2014. Irs forms amended return Nonperiodic Distributions If you receive a nonperiodic distribution from your retirement plan, you may be able to exclude all or part of it from your income as a recovery of your cost. Irs forms amended return Nonperiodic distributions include cash withdrawals, distributions of current earnings (dividends) on your investment, and certain loans. Irs forms amended return For information on how to figure the taxable amount of a nonperiodic distribution, see Taxation of Nonperiodic Payments in Publication 575. Irs forms amended return The taxable part of a nonperiodic distribution may be subject to an additional 10% tax. Irs forms amended return See Tax on Early Distributions, later. Irs forms amended return Lump-sum distributions. Irs forms amended return   If you receive a lump-sum distribution from a qualified employee plan or qualified employee annuity and the plan participant was born before January 2, 1936, you may be able to elect optional methods of figuring the tax on the distribution. Irs forms amended return The part from active participation in the plan before 1974 may qualify as capital gain subject to a 20% tax rate. Irs forms amended return The part from participation after 1973 (and any part from participation before 1974 that you do not report as capital gain) is ordinary income. Irs forms amended return You may be able to use the 10-year tax option to figure tax on the ordinary income part. Irs forms amended return Form 1099-R. Irs forms amended return   If you receive a total distribution from a plan, you should receive a Form 1099-R. Irs forms amended return If the distribution qualifies as a lump-sum distribution, box 3 shows the capital gain part of the distribution. Irs forms amended return The amount in box 2a, Taxable amount, minus the amount in box 3, Capital gain, is the ordinary income part. Irs forms amended return More information. Irs forms amended return   For more detailed information on lump-sum distributions, see Publication 575 or Form 4972, Tax on Lump-Sum Distributions. Irs forms amended return Tax on Early Distributions Most distributions you receive from your qualified retirement plan and nonqualified annuity contracts before you reach age 59½ are subject to an additional tax of 10%. Irs forms amended return The tax applies to the taxable part of the distribution. Irs forms amended return For this purpose, a qualified retirement plan is: A qualified employee plan (including a qualified cash or deferred arrangement (CODA) under Internal Revenue Code section 401(k)), A qualified employee annuity plan, A tax-sheltered annuity plan (403(b) plan), or An eligible state or local government section 457 deferred compensation plan (to the extent that any distribution is attributable to amounts the plan received in a direct transfer or rollover from one of the other plans listed here or an IRA). Irs forms amended return  An IRA is also a qualified retirement plan for purposes of this tax. Irs forms amended return General exceptions to tax. Irs forms amended return   The early distribution tax does not apply to any distributions that are: Made as part of a series of substantially equal periodic payments (made at least annually) for your life (or life expectancy) or the joint lives (or joint life expectancies) of you and your designated beneficiary (if from a qualified retirement plan, the payments must begin after separation from service), Made because you are totally and permanently disabled, or Made on or after the death of the plan participant or contract holder. Irs forms amended return Additional exceptions. Irs forms amended return   There are additional exceptions to the early distribution tax for certain distributions from qualified retirement plans and nonqualified annuity contracts. Irs forms amended return See Publication 575 for details. Irs forms amended return Reporting tax. Irs forms amended return   If you owe only the tax on early distributions and distribution code 1 (early distribution, no known exception) is correctly shown in Form 1099-R, box 7, multiply the taxable part of the early distribution by 10% (. Irs forms amended return 10) and enter the result on Form 1040, line 58, or Form 1040NR, line 56. Irs forms amended return See the instructions for line 58 of Form 1040 or line 56 of Form 1040NR for more information about reporting the early distribution tax. Irs forms amended return Tax on Excess Accumulation To make sure that most of your retirement benefits are paid to you during your lifetime, rather than to your beneficiaries after your death, the payments that you receive from qualified retirement plans must begin no later than your required beginning date. Irs forms amended return Unless the rule for 5% owners applies, this is generally April 1 of the year that follows the later of: The calendar year in which you reach age 70½, or The calendar year in which you retire from employment with the employer maintaining the plan. Irs forms amended return However, your plan may require you to begin to receive payments by April 1 of the year that follows the year in which you reach 70½, even if you have not retired. Irs forms amended return For this purpose, a qualified retirement plan includes: A qualified employee plan, A qualified employee annuity plan, An eligible section 457 deferred compensation plan, or A tax-sheltered annuity plan (403(b) plan) (for benefits accruing after 1986). Irs forms amended return  An IRA is also a qualified retirement plan for purposes of this tax. Irs forms amended return An excess accumulation is the undistributed remainder of the required minimum distribution that was left in your qualified retirement plan. Irs forms amended return 5% owners. Irs forms amended return   If you own (or are considered to own under section 318 of the Internal Revenue Code) more than 5% of the company maintaining your qualified retirement plan, you must begin to receive distributions from the plan by April 1 of the year after the calendar year in which you reach age 70½. Irs forms amended return See Publication 575 for more information. Irs forms amended return Amount of tax. Irs forms amended return   If you do not receive the required minimum distribution, you are subject to an additional tax. Irs forms amended return The tax equals 50% of the difference between the amount that must be distributed and the amount that was distributed during the tax year. Irs forms amended return You can get this excise tax excused if you establish that the shortfall in distributions was due to reasonable error and that you are taking reasonable steps to remedy the shortfall. Irs forms amended return Form 5329. Irs forms amended return   You must file a Form 5329 if you owe a tax because you did not receive a minimum required distribution from your qualified retirement plan. Irs forms amended return Additional information. Irs forms amended return   For more detailed information on the tax on excess accumulation, see Publication 575. Irs forms amended return Insurance Premiums for Retired Public Safety Officers If you are an eligible retired public safety officer (law enforcement officer, firefighter, chaplain, or member of a rescue squad or ambulance crew), you can elect to exclude from income distributions made from your eligible retirement plan that are used to pay the premiums for accident or health insurance or long-term care insurance. Irs forms amended return The premiums can be for coverage for you, your spouse, or dependent(s). Irs forms amended return The distribution must be made directly from the plan to the insurance provider. Irs forms amended return You can exclude from income the smaller of the amount of the insurance premiums or $3,000. Irs forms amended return You can only make this election for amounts that would otherwise be included in your income. Irs forms amended return The amount excluded from your income cannot be used to claim a medical expense deduction. Irs forms amended return An eligible retirement plan is a governmental plan that is a: Qualified trust, Section 403(a) plan, Section 403(b) annuity, or Section 457(b) plan. Irs forms amended return If you make this election, reduce the otherwise taxable amount of your pension or annuity by the amount excluded. Irs forms amended return The taxable amount shown in box 2a of any Form 1099-R that you receive does not reflect the exclusion. Irs forms amended return Report your total distributions on Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a. Irs forms amended return Report the taxable amount on Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b. Irs forms amended return Enter “PSO” next to the appropriate line on which you report the taxable amount. Irs forms amended return Railroad Retirement Benefits Benefits paid under the Railroad Retirement Act fall into two categories. Irs forms amended return These categories are treated differently for income tax purposes. Irs forms amended return Social security equivalent benefits. Irs forms amended return   The first category is the amount of tier 1 railroad retirement benefits that equals the social security benefit that a railroad employee or beneficiary would have been entitled to receive under the social security system. Irs forms amended return This part of the tier 1 benefit is the social security equivalent benefit (SSEB) and is treated for tax purposes like social security benefits. Irs forms amended return (See Social Security and Equivalent Railroad Retirement Benefits , later. Irs forms amended return ) Non-social security equivalent benefits. Irs forms amended return   The second category contains the rest of the tier 1 benefits, called the non-social security equivalent benefit (NSSEB). Irs forms amended return It also contains any tier 2 benefit, vested dual benefit (VDB), and supplemental annuity benefit. Irs forms amended return This category of benefits is treated as an amount received from a qualified employee plan. Irs forms amended return This allows for the tax-free (nontaxable) recovery of employee contributions from the tier 2 benefits and the NSSEB part of the tier 1 benefits. Irs forms amended return Vested dual benefits and supplemental annuity benefits are non-contributory pensions and are fully taxable. Irs forms amended return More information. Irs forms amended return   For more information about railroad retirement benefits, see Publication 575. Irs forms amended return Military Retirement Pay Military retirement pay based on age or length of service is taxable and must be included in income as a pension on Form 1040, lines 16a and 16b; on Form 1040A, lines 12a and 12b; or on Form 1040NR, lines 17a and 17b. Irs forms amended return But, certain military and government disability pensions that are based on a percentage of disability from active service in the Armed Forces of any country generally are not taxable. Irs forms amended return For more information, including information about veterans' benefits and insurance, see Publication 525. Irs forms amended return Social Security and Equivalent Railroad Retirement Benefits This discussion explains the federal income tax rules for social security benefits and equivalent tier 1 railroad retirement benefits. Irs forms amended return Social security benefits include monthly retirement, survivor, and disability benefits. Irs forms amended return They do not include supplemental security income (SSI) payments, which are not taxable. Irs forms amended return Equivalent tier 1 railroad retirement benefits are the part of tier 1 benefits that a railroad employee or beneficiary would have been entitled to receive under the social security system. Irs forms amended return They commonly are called the social security equivalent benefit (SSEB) portion of tier 1 benefits. Irs forms amended return If you received these benefits during 2013, you should have received a Form SSA-1099 or Form RRB-1099 (Form SSA-1042S or Form RRB-1042S if you are a nonresident alien), showing the amount of the benefits. Irs forms amended return Are Any of Your Benefits Taxable? Note. Irs forms amended return When the term “benefits” is used in this section, it applies to both social security benefits and the SSEB portion of tier 1 railroad retirement benefits. Irs forms amended return  To find out whether any of your benefits may be taxable, compare the base amount for your filing status (explained later) with the total of: One-half of your benefits, plus All your other income, including tax-exempt interest. Irs forms amended return When making this comparison, do not reduce your other income by any exclusions for: Interest from qualified U. Irs forms amended return S. Irs forms amended return savings bonds, Employer-provided adoption benefits, Foreign earned income or foreign housing, or Income earned in American Samoa or Puerto Rico by bona fide residents. Irs forms amended return Figuring total income. Irs forms amended return   To figure the total of one-half of your benefits plus your other income, use Worksheet 2-B. Irs forms amended return If that total amount is more than your base amount, part of your benefits may be taxable. Irs forms amended return If you are married and file a joint return for 2013, you and your spouse must combine your incomes and your benefits to figure whether any of your combined benefits are taxable. Irs forms amended return Even if your spouse did not receive any benefits, you must add your spouse's income to yours to figure whether any of your benefits are taxable. Irs forms amended return If the only income you received during 2013 was your social security or the SSEB portion of tier 1 railroad retirement benefits, your benefits generally are not taxable and you probably do not have to file a return. Irs forms amended return If you have income in addition to your benefits, you may have to file a return even if none of your benefits are taxable. Irs forms amended return Worksheet 2-B. Irs forms amended return A Quick Way To Check if Your Benefits May Be Taxable A. Irs forms amended return Enter the amount from box 5 of all your Forms SSA-1099 and RRB-1099. Irs forms amended return Include  the full amount of any lump-sum benefit payments received in 2013, for 2013 and  earlier years. Irs forms amended return (If you received more than one form, combine the amounts from box 5  and enter the total. Irs forms amended return ) A. Irs forms amended return     Note. Irs forms amended return If the amount on line A is zero or less, stop here; none of your benefits are  taxable this year. Irs forms amended return     B. Irs forms amended return Enter one-half of the amount on line A B. Irs forms amended return   C. Irs forms amended return Enter your taxable pensions, wages, interest, dividends, and other taxable income C. Irs forms amended return   D. Irs forms amended return Enter any tax-exempt interest income (such as interest on municipal bonds) plus any exclusions from income for: •Interest from qualified U. Irs forms amended return S. Irs forms amended return savings bonds, •Employer-provided adoption benefits, •Foreign earned income or foreign housing, or •Income earned in American Samoa or Puerto Rico by bona fide residents D. Irs forms amended return   E. Irs forms amended return Add lines B, C, and D and enter the total E. Irs forms amended return   F. Irs forms amended return If you are: •Married filing jointly, enter $32,000 •Single, head of household, qualifying widow(er), or married filing separately and you  lived apart from your spouse for all of 2013, enter $25,000 •Married filing separately and you lived with your spouse at any time during 2013,  enter -0- F. Irs forms amended return   G. Irs forms amended return Is the amount on line F less than or equal to the amount on line E? □ No. Irs forms amended return None of your benefits are taxable this year. Irs forms amended return  □ Yes. Irs forms amended return Some of your benefits may be taxable. Irs forms amended return To figure how much of your benefits  are taxable, see Which worksheet to use under How Much Is Taxable. Irs forms amended return     Base Amount Your base amount is: $25,000 if you are single, head of household, or qualifying widow(er) with dependent child, $25,000 if you are married filing separately and lived apart from your spouse for all of 2013, $32,000 if you are married filing jointly, or $0 if you are married filing separately and lived with your spouse at any time during 2013. Irs forms amended return Repayment of Benefits Any repayment of benefits you made during 2013 must be subtracted from the gross benefits you received in 2013. Irs forms amended return It does not matter whether the repayment was for a benefit you received in 2013 or in an earlier year. Irs forms amended return If you repaid more than the gross benefits you received in 2013, see Repayments More Than Gross Benefits , later. Irs forms amended return Your gross benefits are shown in box 3 of Form SSA-1099 or Form RRB-1099. Irs forms amended return Your repayments are shown in box 4. Irs forms amended return The amount in box 5 shows your net benefits for 2013 (box 3 minus box 4). Irs forms amended return Use the amount in box 5 to figure whether any of your benefits are taxable. Irs forms amended return Tax Withholding and Estimated Tax You can choose to have federal income tax withheld from your social security and/or the SSEB portion of your tier 1 railroad retirement benefits. Irs forms amended return If you choose to do this, you must complete a Form W-4V, Voluntary Withholding Request. Irs forms amended return If you do not choose to have income tax withheld, you may have to request additional withholding from other income, or pay estimated tax during the year. Irs forms amended return For details, see Publication 505, Tax Withholding and Estimated Tax, or the instructions for Form 1040-ES, Estimated Tax for Individuals. Irs forms amended return How Much Is Taxable? If part of your benefits is taxable, how much is taxable depends on the total amount of your benefits and other income. Irs forms amended return Generally, the higher that total amount, the greater the taxable part of your benefits. Irs forms amended return Maximum taxable part. Irs forms amended return   The taxable part of your benefits usually cannot be more than 50%. Irs forms amended return However, up to 85% of your benefits can be taxable if either of the following situations applies to you. Irs forms amended return The total of one-half of your benefits and all your other income is more than $34,000 ($44,000 if you are married filing jointly). Irs forms amended return You are married filing separately and lived with your spouse at any time during 2013. Irs forms amended return   If you are a nonresident alien, 85% of your benefits are taxable. Irs forms amended return However, this income is exempt under some tax treaties. Irs forms amended return Which worksheet to use. Irs forms amended return   A worksheet to figure your taxable benefits is in the instructions for your Form 1040 or 1040A. Irs forms amended return However, you will need to use a different worksheet(s) if any of the following situations applies to you. Irs forms amended return You contributed to a traditional individual retirement arrangement (IRA) and you or your spouse were covered by a retirement plan at work. Irs forms amended return In this situation, you must use the special worksheets in Appendix B of Publication 590 to figure both your IRA deduction and your taxable benefits. Irs forms amended return Situation (1) does not apply and you take one or more of the following exclusions. Irs forms amended return Interest from qualified U. Irs forms amended return S. Irs forms amended return savings bonds (Form 8815). Irs forms amended return Employer-provided adoption benefits (Form 8839). Irs forms amended return Foreign earned income or housing (Form 2555 or Form 2555-EZ). Irs forms amended return Income earned in American Samoa (Form 4563) or Puerto Rico by bona fide residents. Irs forms amended return In these situations, you must use Worksheet 1 in Publication 915, Social Security and Equivalent Railroad Retirement Benefits, to figure your taxable benefits. Irs forms amended return You received a lump-sum payment for an earlier year. Irs forms amended return In this situation, also complete Worksheet 2 or 3 and Worksheet 4 in Publication 915. Irs forms amended return See Lump-Sum Election , later. Irs forms amended return How To Report Your Benefits If part of your benefits are taxable, you must use Form 1040, Form 1040A, or Form 1040NR. Irs forms amended return You cannot use Form 1040EZ. Irs forms amended return Reporting on Form 1040. Irs forms amended return   Report your net benefits (the amount in box 5 of your Form SSA-1099 or Form RRB-1099) on line 20a and the taxable part on line 20b. Irs forms amended return If you are married filing separately and you lived apart from your spouse for all of 2013, also enter “D” to the right of the word “benefits” on line 20a. Irs forms amended return Reporting on Form 1040A. Irs forms amended return   Report your net benefits (the amount in box 5 of your Form SSA-1099 or Form RRB-1099) on line 14a and the taxable part on line 14b. Irs forms amended return If you are married filing separately and you lived apart from your spouse for all of 2013, also enter “D” to the right of the word “benefits” on line 14a. Irs forms amended return Reporting on Form 1040NR. Irs forms amended return   Report 85% of the total amount of your benefits (box 5 of your Form SSA-1042S or Form RRB-1042S) in the appropriate column of Form 1040NR, Schedule NEC, line 8. Irs forms amended return Benefits not taxable. Irs forms amended return   If you are filing Form 1040EZ, do not report any benefits on your tax return. Irs forms amended return If you are filing Form 1040 or Form 1040A, report your net benefits (the amount in box 5 of your Form SSA-1099 or Form RRB-1099) on Form 1040, line 20a, or Form 1040A, line 14a. Irs forms amended return Enter -0- on Form 1040, line 20b, or Form 1040A, line 14b. Irs forms amended return If you are married filing separately and you lived apart from your spouse for all of 2013, also enter “D” to the right of the word “benefits” on Form 1040, line 20a, or Form 1040A, line 14a. Irs forms amended return Lump-Sum Election You must include the taxable part of a lump-sum (retroactive) payment of benefits received in 2013 in your 2013 income, even if the payment includes benefits for an earlier year. Irs forms amended return This type of lump-sum benefit payment should not be confused with the lump-sum death benefit that both the SSA and RRB pay to many of their beneficiaries. Irs forms amended return No part of the lump-sum death benefit is subject to tax. Irs forms amended return For more information about the lump-sum death benefit, visit the Social Security Administration website at www. Irs forms amended return SSA. Irs forms amended return gov, and use keyword: death benefit. Irs forms amended return Generally, you use your 2013 income to figure the taxable part of the total benefits received in 2013. Irs forms amended return However, you may be able to figure the taxable part of a lump-sum payment for an earlier year separately, using your income for the earlier year. Irs forms amended return You can elect this method if it lowers your taxable benefits. Irs forms amended return See Publication 915 for more information. Irs forms amended return Repayments More Than Gross Benefits In some situations, your Form SSA-1099 or Form RRB-1099 will show that the total benefits you repaid (box 4) are more than the gross benefits (box 3) you received. Irs forms amended return If this occurred, your net benefits in box 5 will be a negative figure (a figure in parentheses) and none of your benefits will be taxable. Irs forms amended return If you receive more than one form, a negative figure in box 5 of one form is used to offset a positive figure in box 5 of another form for that same year. Irs forms amended return If you have any questions about this negative figure, contact your local Social Security Administration office or your local U. Irs forms amended return S. Irs forms amended return Railroad Retirement Board field office. Irs forms amended return Joint return. Irs forms amended return   If you and your spouse file a joint return, and your Form SSA-1099 or RRB-1099 has a negative figure in box 5 but your spouse's does not, subtract the box 5 amount on your form from the box 5 amount on your spouse's form. Irs forms amended return You do this to get your net benefits when figuring if your combined benefits are taxable. Irs forms amended return Repayment of benefits received in an earlier year. Irs forms amended return   If the total amount shown in box 5 of all of your Forms SSA-1099 and RRB-1099 is a negative figure, you can take an itemized deduction for the part of this negative figure that represents benefits you included in gross income in an earlier year. Irs forms amended return   If this deduction is $3,000 or less, it is subject to the 2%-of-adjusted-gross-income limit that applies to certain miscellaneous itemized deductions. Irs forms amended return Claim it on Schedule A (Form 1040), line 23. Irs forms amended return   If this deduction is more than $3,000, you have to follow some special instructions. Irs forms amended return See Publication 915 for those instructions. Irs forms amended return Sickness and Injury Benefits Generally, you must report as income any amount you receive for personal injury or sickness through an accident or health plan that is paid for by your employer. Irs forms amended return If both you and your employer pay for the plan, only the amount you receive that is due to your employer's payments is reported as income. Irs forms amended return However, certain payments may not be taxable to you. Irs forms amended return Some of these payments are discussed later in this section. Irs forms amended return Also, see Military and Government Disability Pensions and Other Sickness and Injury Benefits in Publication 525. Irs forms amended return Cost paid by you. Irs forms amended return   If you pay the entire cost of an accident or health plan, do not include any amounts you receive from the plan for personal injury or sickness as income on your tax return. Irs forms amended return If your plan reimbursed you for medical expenses you deducted in an earlier year, you may have to include some, or all, of the reimbursement in your income. Irs forms amended return Disability Pensions If you retired on disability, you must include in income any disability pension you receive under a plan that is paid for by your employer. Irs forms amended return You must report your taxable disability payments as wages on line 7 of Form 1040 or Form 1040A or on line 8 of Form 1040NR until you reach minimum retirement age. Irs forms amended return Minimum retirement age generally is the age at which you can first receive a pension or annuity if you are not disabled. Irs forms amended return If you were 65 or older by the end of 2013 or you were retired on permanent and total disability and received taxable disability income, you may be able to claim the credit for the elderly or the disabled. Irs forms amended return See Credit for the Elderly or the Disabled, later. Irs forms amended return For more information on this credit, see Publication 524, Credit for the Elderly or the Disabled. Irs forms amended return Beginning on the day after you reach minimum retirement age, payments you receive are taxable as a pension or annuity. Irs forms amended return Report the payments on lines 16a and 16b of Form 1040, on lines 12a and 12b of Form 1040A, or on lines 17a and 17b of Form 1040NR. Irs forms amended return For more information on pensions and annuities, see Publication 575. Irs forms amended return Retirement and profit-sharing plans. Irs forms amended return   If you receive payments from a retirement or profit-sharing plan that does not provide for disability retirement, do not treat the payments as a disability pension. Irs forms amended return The payments must be reported as a pension or annuity. Irs forms amended return Accrued leave payment. Irs forms amended return   If you retire on disability, any lump-sum payment you receive for accrued annual leave is a salary payment. Irs forms amended return The payment is not a disability payment. Irs forms amended return Include it in your income in the tax year you receive it. Irs forms amended return Long-Term Care Insurance Contracts In most cases, long-term care insurance contracts generally are treated as accident and health insurance contracts. Irs forms amended return Amounts you receive from them (other than policyholder dividends or premium refunds) generally are excludable from income as amounts received for personal injury or sickness. Irs forms amended return However, the amount you can exclude may be limited. Irs forms amended return Long-term care insurance contracts are discussed in more detail in Publication 525. Irs forms amended return Workers' Compensation Amounts you receive as workers' compensation for an occupational sickness or injury are fully exempt from tax if they are paid under a workers' compensation act or a statute in the nature of a workers' compensation act. Irs forms amended return The exemption also applies to your survivors. Irs forms amended return The exemption, however, does not apply to retirement plan benefits you receive based on your age, length of service, or prior contributions to the plan, even if you retired because of an occupational sickness or injury. Irs forms amended return If part of your workers' compensation reduces your social security or equivalent railroad retirement benefits, that part is considered social security (or equivalent railroad retirement) benefits and may be taxable. Irs forms amended return For a discussion of the taxability of these benefits, see Social Security and Equivalent Railroad Retirement Benefits, earlier. Irs forms amended return Return to work. Irs forms amended return   If you return to work after qualifying for workers' compensation, salary payments you receive for performing light duties are taxable as wages. Irs forms amended return Other Sickness and Injury Benefits In addition to disability pensions and annuities, you may receive other payments for sickness or injury. Irs forms amended return Federal Employees' Compensation Act (FECA). Irs forms amended return   Payments received under this Act for personal injury or sickness, including payments to beneficiaries in case of death, are not taxable. Irs forms amended return However, you are taxed on amounts you receive under this Act as continuation of pay for up to 45 days while a claim is being decided. Irs forms amended return Report this income on Form 1040, line 7; Form 1040A, line 7; on Form 1040EZ, line 1; or Form 1040NR, line 8. Irs forms amended return Also, pay for sick leave while a claim is being processed is taxable and must be included in your income as wages. Irs forms amended return    If part of the payments you receive under FECA reduces your social security or equivalent railroad retirement benefits, that part is considered social security (or equivalent railroad retirement) benefits and may be taxable. Irs forms amended return For a discussion of the taxability of these benefits, see Social Security and Equivalent Railroad Retirement Benefits, earlier. Irs forms amended return Other compensation. Irs forms amended return   Many other amounts you receive as compensation for sickness or injury are not taxable. Irs forms amended return These include the following amounts. Irs forms amended return Benefits you receive under an accident or health insurance policy on which either you paid the premiums or your employer paid the premiums but you had to include them in your income. Irs forms amended return Disability benefits you receive for loss of income or earning capacity as a result of injuries under a no-fault car insurance policy. Irs forms amended return Compensation you receive for permanent loss or loss of use of a part or function of your body, for your permanent disfigurement, or for such loss or disfigurement suffered by your spouse or dependent(s). Irs forms amended return This compensation must be based only on the injury and not on the period of your absence from work. Irs forms amended return These benefits are not taxable even if your employer pays for the accident and health plan that provides these benefits. Irs forms amended return Life Insurance Proceeds Life insurance proceeds paid to you because of the death of the insured person are not taxable unless the policy was turned over to you for a price. Irs forms amended return This is true even if the proceeds were paid under an accident or health insurance policy or an endowment contract. Irs forms amended return Proceeds not received in installments. Irs forms amended return   If death benefits are paid to you in a lump sum or other than at regular intervals, include in your income only the benefits that are more than the amount payable to you at the time of the insured person's death. Irs forms amended return If the benefit payable at death is not specified, you include in your income the benefit payments that are more than the present value of the payments at the time of death. Irs forms amended return Proceeds received in installments. Irs forms amended return   If you receive life insurance proceeds in installments, you can exclude part of each installment from your income. Irs forms amended return   To determine the excluded part, divide the amount held by the insurance company (generally the total lump sum payable at the death of the insured person) by the number of installments to be paid. Irs forms amended return Include anything over this excluded part in your income as interest. Irs forms amended return Installments for life. Irs forms amended return   If, as the beneficiary under an insurance contract, you are entitled to receive the proceeds in installments for the rest of your life without a refund or period-certain guarantee, you figure the excluded part of each installment by dividing the amount held by the insurance company by your life expectancy. Irs forms amended return If there is a refund or period-certain guarantee, the amount held by the insurance company for this purpose is reduced by the actuarial value of the guarantee. Irs forms amended return Surviving spouse. Irs forms amended return   If your spouse died before October 23, 1986, and insurance proceeds paid to you because of the death of your spouse are received in installments, you can exclude, in any year, up to $1,000 of the interest included in the installments. Irs forms amended return If you remarry, you can continue to take the exclusion. Irs forms amended return Surrender of policy for cash. Irs forms amended return   If you surrender a life insurance policy for cash, you must include in income any proceeds that are more than the cost of the life insurance policy. Irs forms amended return In general, your cost (or investment in the contract) is the total of premiums that you paid for the life insurance policy, less any refunded premiums, rebates, dividends, or unrepaid loans that were not included in your income. Irs forms amended return You should receive a Form 1099-R showing the total proceeds and the taxable part. Irs forms amended return Report these amounts on Form 1040, lines 16a and 16b; Form 1040A, lines 12a and 12b; or Form 1040NR, lines 17a and 17b. Irs forms amended return Endowment Contract Proceeds An endowment contract is a policy that pays over to you a specified amount of money on a certain date unless you die before that date, in which case, the money is paid to your designated beneficiary. Irs forms amended return Endowment proceeds paid in a lump sum to you at maturity are taxable only if the proceeds are more than the cost of the policy. Irs forms amended return To determine your cost, subtract from the total premiums (or other consideration) paid for the contract any amount that you previously received under the contract and excluded from your income. Irs forms amended return Include in your income the part of the lump-sum payment that is more than your cost. Irs forms amended return Endowment proceeds that you choose to receive in installments instead of a lump-sum payment at the maturity of the policy are taxed as an annuity. Irs forms amended return The tax treatment of an annuity is explained in Publication 575. Irs forms amended return For this treatment to apply, you must choose to receive the proceeds in installments before receiving any part of the lump sum. Irs forms amended return This election must be made within 60 days after the lump-sum payment first becomes payable to you. Irs forms amended return Accelerated Death Benefits Certain amounts paid as accelerated death benefits under a life insurance contract or viatical settlement before the insured's death are generally excluded from income if the insured is terminally or chronically ill. Irs forms amended return However, see Exception , later. Irs forms amended return For a chronically ill individual, accelerated death benefits paid on the basis of costs incurred for qualified long-term care services are fully excludable. Irs forms amended return Accelerated death benefits paid on a per diem or other periodic basis without regard to the costs are excludable up to a limit. Irs forms amended return In addition, if any portion of a death benefit under a life insurance contract on the life of a terminally or chronically ill individual is sold or assigned to a viatical settlement provider, the amount received also is excluded from income. Irs forms amended return Generally, a viatical settlement provider is one who regularly engages in the business of buying or taking assignment of life insurance contracts on the lives of insured individuals who are terminally or chronically ill. Irs forms amended return To report taxable accelerated death benefits made on a per diem or other periodic basis, you must file Form 8853, Archer MSAs and Long-Term Care Insurance Contracts, with your return. Irs forms amended return Terminally or chronically ill defined. Irs forms amended return   A terminally ill person is one who has been certified by a physician as having an illness or physical condition that reasonably can be expected to result in death within 24 months from the date of the certification. Irs forms amended return A chronically ill person is one who is not terminally ill but has been certified (within the previous 12 months) by a licensed health care practitioner as meeting either of the following conditions. Irs forms amended return The person is unable to perform (without substantial help) at least two activities of daily living (eating, toileting, transferring, bathing, dressing, and continence) for a period of 90 days or more because of a loss of functional capacity. Irs forms amended return The person requires substantial supervision to protect himself or herself from threats to health and safety due to severe cognitive impairment. Irs forms amended return Exception. Irs forms amended return   The exclusion does not apply to any amount paid to a person other than the insured if that other person has an insurable interest in the life of the insured because the insured: Is a director, officer, or employee of the other person, or Has a financial interest in the business of the other person. Irs forms amended return Sale of Home You may be able to exclude from income any gain up to $250,000 ($500,000 on a joint return in most cases) on the sale of your main home. Irs forms amended return Generally, if you can exclude all of the gain, you do not need to report the sale on your tax return. Irs forms amended return You can choose not to take the exclusion by including the gain from the sale in your gross income on your tax return for the year of the sale. Irs forms amended return Main home. Irs forms amended return   Usually, your main home is the home you live in most of the time and can be a: House, Houseboat, Mobile home, Cooperative apartment, or Condominium. Irs forms amended return Repaying the first-time homebuyer credit because you sold your home. Irs forms amended return   If you claimed a first-time homebuyer credit for your main home and you sell it, you may have to repay the credit. Irs forms amended return For a home purchased in 2008 and used as your main home until sold in 2013, you must file Form 5405 and repay the balance of the unpaid credit on your 2013 tax return. Irs forms amended return   For a home purchased after 2008, you generally must repay the entire credit if the home was sold (or otherwise ceased to be your main home) within 36 months of the purchase date. Irs forms amended return If you purchased your home in 2009 and used it as your main home until sold in 2013, you do not have to repay the credit or file Form 5405. Irs forms amended return If you purchased your home in 2010 and used it as your main home until sold in 2013, you may have to file Form 5405 and repay the entire credit on your 2013 tax return. Irs forms amended return   See the Instructions for Form 5405 for more information about repaying the credit and exceptions to repayment that may apply to you. Irs forms amended return Maximum Amount of Exclusion You can generally exclude up to $250,000 of the gain (other than gain allocated to periods of nonqualified use) on the sale of your main home if all of the following are true. Irs forms amended return You meet the ownership test. Irs forms amended return You meet the use test. Irs forms amended return During the 2-year period ending on the date of the sale, you did not exclude gain from the sale of another home. Irs forms amended return You may be able to exclude up to $500,000 of the gain (other than gain allocated to periods of nonqualified use) on the sale of your main home if you are married and file a joint return and meet the requirements listed in the discussion of the special rules for joint returns, later, under Married Persons . Irs forms amended return Ownership and Use Tests To claim the exclusion, you must meet the ownership and use tests. Irs forms amended return This means that during the 5-year period ending on the date of the sale, you must have: Owned the home for at least 2 years (the ownership test), and Lived in the home as your main home for at least 2 years (the use test). Irs forms amended return Exception to ownership and use tests. Irs forms amended return   If you owned and lived in the property as your main home for less than 2 years, you still can claim an exclusion in some cases. Irs forms amended return Generally, you must have sold the home due to a change in place of employment, health, or unforeseen circumstances. Irs forms amended return The maximum amount you can exclude will be reduced. Irs forms amended return See Publication 523, Selling Your Home, for more information. Irs forms amended return Exception to use test for individuals with a disability. Irs forms amended return   There is an exception to the use test if, during the 5-year period before the sale of your home: You become physically or mentally unable to care for yourself, and You owned and lived in your home as your main home for a total of at least 1 year. Irs forms amended return Under this exception, you are considered to live in your home during any time that you own the home and live in a facility (including a nursing home) that is licensed by a state or political subdivision to care for persons in your condition. Irs forms amended return   If you meet this exception to the use test, you still have to meet the 2-out-of-5-year ownership test to claim the exclusion. Irs forms amended return Exception to ownership test for property acquired in a like-kind exchange. Irs forms amended return   You must have owned your main home for at least 5 years to qualify for the exclusion if you acquired your main home in a like-kind exchange. Irs forms amended return This special 5-year ownership rule continues to apply to a home you acquired in a like-kind exchange and gave to another person. Irs forms amended return A like-kind exchange is an exchange of property held for productive use in a trade or business or for investment. Irs forms amended return See Publication 523 for more information. Irs forms amended return Period of nonqualified use. Irs forms amended return   Generally, the gain from the sale or exchange of your main home will not qualify for the exclusion to the extent that the gain is allocated to periods of nonqualified use. Irs forms amended return Nonqualified use is any period after December 31, 2008, during which the property is not used as the main home. Irs forms amended return See Publication 523 for more information. Irs forms amended return Married Persons In the special situations discussed below, if you and your spouse file a joint return for the year of sale and one spouse meets the ownership and use test, you can exclude up to $250,000 of gain. Irs forms amended return However, see Special rules for joint returns , next. Irs forms amended return Special rules for joint returns. Irs forms amended return   You can exclude up to $500,000 of the gain on the sale of your main home if all of the following are true. Irs forms amended return You are married and file a joint return for the year. Irs forms amended return Either you or your spouse meets the ownership test. Irs forms amended return Both you and your spouse meet the use test. Irs forms amended return During the 2-year period ending on the date of the sale, neither you nor your spouse exclude gain from the sale of another home. Irs forms amended return Sale of home by surviving spouse. Irs forms amended return   If your spouse died and you did not remarry before the date of sale, you are considered to have owned and lived in the property as your main home during any period of time when your spouse owned and lived in it as a main home. Irs forms amended return   If you meet all of the following requirements, you may qualify to exclude up to $500,000 of any gain from the sale or exchange of your main home in 2013. Irs forms amended return The sale or exchange took place no more than 2 years after the date of death of your spouse. Irs forms amended return You have not remarried. Irs forms amended return You and your spouse met the use test at the time of your spouse's death. Irs forms amended return You or your spouse met the ownership test at the time of your spouse's death. Irs forms amended return Neither you nor your spouse excluded gain from the sale of another home during the last 2 years. Irs forms amended return Home transferred from spouse. Irs forms amended return   If your home was transferred to you by your spouse (or former spouse if the transfer was incident to divorce), you are considered to have owned it during any period of time when your spouse owned it. Irs forms amended return Use of home after divorce. Irs forms amended return   You are considered to have used property as your main home during any period when: You owned it, and Your spouse or former spouse is allowed to live in it under a divorce or separation instrument and uses it as his or her main home. Irs forms amended return Business Use or Rental of Home You may be able to exclude gain from the sale of a home that you have used for business or to produce rental income. Irs forms amended return However, you must meet the ownership and use tests. Irs forms amended return See Publication 523 for more information. Irs forms amended return Depreciation after May 6, 1997. Irs forms amended return   If you were entitled to take depreciation deductions because you used your home for business purposes or as rental property, you cannot exclude the part of your gain equal to any depreciation allowed or allowable as a deduction for periods after May 6, 1997. Irs forms amended return See Publication 523 for more information. Irs forms amended return Reporting the Sale Do not report the 2013 sale of your main home on your tax return unless: You have a gain and you do not qualify to exclude all of it, You have a gain and you choose not to exclude it, or You received Form 1099-S. Irs forms amended return If you have a gain that you cannot or choose not to exclude, if you received a Form 1099-S, or if you have a deductible loss, report the sale on your tax return. Irs forms amended return Report the sale on Part I or Part II of Form 8949 as a short-term or long-term transaction, depending on how long you owned the home. Irs forms amended return If you used your home for business or to produce rental income, you may have to use Form 4797, Sales of Business Property, to report the sale of the business or rental part. Irs forms amended return See Publication 523 for more information. Irs forms amended return Reverse Mortgages A revers