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

It 1040x

H&rblock TaxesFederal Form 1040ez1040nr Ez 2013Filing Taxes For 2013Income Tax Filing OnlineFillable 1040ez 2013Amended Tax Return 20112011 Form 10401040ez Amended ReturnFile 2011 Tax ReturnPast Year TaxHow To Fill Out 1040 EzForm 1040nrTurbo Tax 20072010 Tax Deadline2010 Turbotax DownloadMilitary TaxesFile State Return OnlyHow To File 2012 Federal TaxesFree State Tax FormFree Tax FormsHow To Fill Out Amended Tax ReturnHow To File Tax Extensions OnlineFederal Income Tax Forms 1040ezCan I Efile A 2012 Tax ReturnIrs E File2010 Form 1040Where Can I Get A 1040x Form1o40 Ez FormHrblock HomeFree Income Tax ReturnWww Irs Gov Form1040aH And R Block Military1040nr Tax Calculator2012 Federal Tax Form 1040ezState Free FileEfile 1040nr Ez 540nr ShortFree Tax Preparation For Low IncomeWww Irs GovFree H & R Block

It 1040x

It 1040x 7. It 1040x   Costs You Can Deduct or Capitalize Table of Contents What's New Introduction Topics - This chapter discusses: Useful Items - You may want to see: Carrying Charges Research and Experimental CostsProduct. It 1040x Costs not included. It 1040x Intangible Drilling Costs Exploration CostsPartnerships and S corporations. It 1040x Development Costs Circulation Costs Business Start-Up and Organizational Costs Reforestation Costs Retired Asset Removal Costs Barrier Removal CostsOther barrier removals. It 1040x Film and Television Production Costs What's New Film and television productions costs. It 1040x  The election to expense film and television production costs does not apply to productions that begin after December 31, 2013. It 1040x See Film and Television Production Costs , later. It 1040x Introduction This chapter discusses costs you can elect to deduct or capitalize. It 1040x You generally deduct a cost as a current business expense by subtracting it from your income in either the year you incur it or the year you pay it. It 1040x If you capitalize a cost, you may be able to recover it over a period of years through periodic deductions for amortization, depletion, or depreciation. It 1040x When you capitalize a cost, you add it to the basis of property to which it relates. It 1040x A partnership, corporation, estate, or trust makes the election to deduct or capitalize the costs discussed in this chapter except for exploration costs for mineral deposits. It 1040x Each individual partner, shareholder, or beneficiary elects whether to deduct or capitalize exploration costs. It 1040x You may be subject to the alternative minimum tax (AMT) if you deduct research and experimental, intangible drilling, exploration, development, circulation, or business organizational costs. It 1040x For more information on the alternative minimum tax, see the instructions for the following forms. It 1040x Form 6251, Alternative Minimum Tax—Individuals. It 1040x Form 4626, Alternative Minimum Tax—Corporations. It 1040x Topics - This chapter discusses: Carrying charges Research and experimental costs Intangible drilling costs Exploration costs Development costs Circulation costs Qualified disaster expenses Business start-up and organizational costs Reforestation costs Retired asset removal costs Barrier removal costs Film and television production costs Useful Items - You may want to see: Publication 544 Sales and Other Dispositions of Assets Form (and Instructions) 3468 Investment Credit 8826 Disabled Access Credit See chapter 12 for information about getting publications and forms. It 1040x Carrying Charges Carrying charges include the taxes and interest you pay to carry or develop real property or to carry, transport, or install personal property. It 1040x Certain carrying charges must be capitalized under the uniform capitalization rules. It 1040x (For information on capitalization of interest, see chapter 4 . It 1040x ) You can elect to capitalize carrying charges not subject to the uniform capitalization rules, but only if they are otherwise deductible. It 1040x You can elect to capitalize carrying charges separately for each project you have and for each type of carrying charge. It 1040x For unimproved and unproductive real property, your election is good for only 1 year. It 1040x You must decide whether to capitalize carrying charges each year the property remains unimproved and unproductive. It 1040x For other real property, your election to capitalize carrying charges remains in effect until construction or development is completed. It 1040x For personal property, your election is effective until the date you install or first use it, whichever is later. It 1040x How to make the election. It 1040x   To make the election to capitalize a carrying charge, attach a statement to your original tax return for the year the election is to be effective indicating which charges you are electing to capitalize. It 1040x However, if you timely filed your return for the year without making the election, you can still make the election by filing an amended return within 6 months of the due date of the return (excluding extensions). It 1040x Attach the statement to the amended return and write “Filed pursuant to section 301. It 1040x 9100-2” on the statement. It 1040x File the amended return at the same address you filed the original return. It 1040x Research and Experimental Costs The costs of research and experimentation are generally capital expenses. It 1040x However, you can elect to deduct these costs as a current business expense. It 1040x Your election to deduct these costs is binding for the year it is made and for all later years unless you get IRS approval to make a change. It 1040x If you meet certain requirements, you may elect to defer and amortize research and experimental costs. It 1040x For information on electing to defer and amortize these costs, see Research and Experimental Costs in chapter 8. It 1040x Research and experimental costs defined. It 1040x   Research and experimental costs are reasonable costs you incur in your trade or business for activities intended to provide information that would eliminate uncertainty about the development or improvement of a product. It 1040x Uncertainty exists if the information available to you does not establish how to develop or improve a product or the appropriate design of a product. It 1040x Whether costs qualify as research and experimental costs depends on the nature of the activity to which the costs relate rather than on the nature of the product or improvement being developed or the level of technological advancement. It 1040x      The costs of obtaining a patent, including attorneys' fees paid or incurred in making and perfecting a patent application, are research and experimental costs. It 1040x However, costs paid or incurred to obtain another's patent are not research and experimental costs. It 1040x Product. It 1040x   The term “product” includes any of the following items. It 1040x Formula. It 1040x Invention. It 1040x Patent. It 1040x Pilot model. It 1040x Process. It 1040x Technique. It 1040x Property similar to the items listed above. It 1040x It also includes products used by you in your trade or business or held for sale, lease, or license. It 1040x Costs not included. It 1040x   Research and experimental costs do not include expenses for any of the following activities. It 1040x Advertising or promotions. It 1040x Consumer surveys. It 1040x Efficiency surveys. It 1040x Management studies. It 1040x Quality control testing. It 1040x Research in connection with literary, historical, or similar projects. It 1040x The acquisition of another's patent, model, production, or process. It 1040x When and how to elect. It 1040x   You make the election to deduct research and experimental costs by deducting them on your tax return for the year in which you first pay or incur research and experimental costs. It 1040x If you do not make the election to deduct research and experimental costs in the first year in which you pay or incur the costs, you can deduct the costs in a later year only with approval from the IRS. It 1040x Deducting or Amortizing Research and Experimentation Costs IF you . It 1040x . It 1040x . It 1040x THEN . It 1040x . It 1040x . It 1040x Elect to deduct research and experimental costs as a current business expense Deduct all research and experimental costs in the first year you pay or incur the costs and all later years. It 1040x Do not deduct research and experimental costs as a current business expense If you meet the requirements, amortize them over at least 60 months, starting with the month you first receive an economic benefit from the research. It 1040x See Research and Experimental Costs in chapter 8. It 1040x Research credit. It 1040x   If you pay or incur qualified research expenses, you may be able to take the research credit. It 1040x For more information see Form 6765, Credit for Increasing Research Activities and its instructions. It 1040x Intangible Drilling Costs The costs of developing oil, gas, or geothermal wells are ordinarily capital expenditures. It 1040x You can usually recover them through depreciation or depletion. It 1040x However, you can elect to deduct intangible drilling costs (IDCs) as a current business expense. It 1040x These are certain drilling and development costs for wells in the United States in which you hold an operating or working interest. It 1040x You can deduct only costs for drilling or preparing a well for the production of oil, gas, or geothermal steam or hot water. It 1040x You can elect to deduct only the costs of items with no salvage value. It 1040x These include wages, fuel, repairs, hauling, and supplies related to drilling wells and preparing them for production. It 1040x Your cost for any drilling or development work done by contractors under any form of contract is also an IDC. It 1040x However, see Amounts paid to contractor that must be capitalized , later. It 1040x You can also elect to deduct the cost of drilling exploratory bore holes to determine the location and delineation of offshore hydrocarbon deposits if the shaft is capable of conducting hydrocarbons to the surface on completion. It 1040x It does not matter whether there is any intent to produce hydrocarbons. It 1040x If you do not elect to deduct your IDCs as a current business expense, you can elect to deduct them over the 60-month period beginning with the month they were paid or incurred. It 1040x Amounts paid to contractor that must be capitalized. It 1040x   Amounts paid to a contractor must be capitalized if they are either: Amounts properly allocable to the cost of depreciable property, or Amounts paid only out of production or proceeds from production if these amounts are depletable income to the recipient. It 1040x How to make the election. It 1040x   You elect to deduct IDCs as a current business expense by taking the deduction on your income tax return for the first tax year you have eligible costs. It 1040x No formal statement is required. It 1040x If you file Schedule C (Form 1040), enter these costs under “Other expenses. It 1040x ”   For oil and gas wells, your election is binding for the year it is made and for all later years. It 1040x For geothermal wells, your election can be revoked by the filing of an amended return on which you do not take the deduction. It 1040x You can file the amended return for the year up to the normal time of expiration for filing a claim for credit or refund, generally, within 3 years after the date you filed the original return or within 2 years after the date you paid the tax, whichever is later. It 1040x Energy credit for costs of geothermal wells. It 1040x   If you capitalize the drilling and development costs of geothermal wells that you place in service during the tax year, you may be able to claim a business energy credit. It 1040x See the Instructions for Form 3468 for more information. It 1040x Nonproductive well. It 1040x   If you capitalize your IDCs, you have another option if the well is nonproductive. It 1040x You can deduct the IDCs of the nonproductive well as an ordinary loss. It 1040x You must indicate and clearly state your election on your tax return for the year the well is completed. It 1040x Once made, the election for oil and gas wells is binding for all later years. It 1040x You can revoke your election for a geothermal well by filing an amended return that does not claim the loss. It 1040x Costs incurred outside the United States. It 1040x   You cannot deduct as a current business expense all the IDCs paid or incurred for an oil, gas, or geothermal well located outside the United States. It 1040x However, you can elect to include the costs in the adjusted basis of the well to figure depletion or depreciation. It 1040x If you do not make this election, you can deduct the costs over the 10-year period beginning with the tax year in which you paid or incurred them. It 1040x These rules do not apply to a nonproductive well. It 1040x Exploration Costs The costs of determining the existence, location, extent, or quality of any mineral deposit are ordinarily capital expenditures if the costs lead to the development of a mine. It 1040x You recover these costs through depletion as the mineral is removed from the ground. It 1040x However, you can elect to deduct domestic exploration costs paid or incurred before the beginning of the development stage of the mine (except those for oil and gas wells). It 1040x How to make the election. It 1040x   You elect to deduct exploration costs by taking the deduction on your income tax return, or on an amended income tax return, for the first tax year for which you wish to deduct the costs paid or incurred during the tax year. It 1040x Your return must adequately describe and identify each property or mine, and clearly state how much is being deducted for each one. It 1040x The election applies to the tax year you make this election and all later tax years. It 1040x Partnerships and S corporations. It 1040x   Each partner, not the partnership, elects whether to capitalize or to deduct that partner's share of exploration costs. It 1040x Each shareholder, not the S corporation, elects whether to capitalize or to deduct that shareholder's share of exploration costs. It 1040x Reduced corporate deductions for exploration costs. It 1040x   A corporation (other than an S corporation) can deduct only 70% of its domestic exploration costs. It 1040x It must capitalize the remaining 30% of costs and amortize them over the 60-month period starting with the month the exploration costs are paid or incurred. It 1040x A corporation may also elect to capitalize and amortize mining exploration costs over a 10-year period. It 1040x For more information on this method of amortization, see Internal Revenue Code section 59(e). It 1040x   The 30% the corporation capitalizes cannot be added to its basis in the property to figure cost depletion. It 1040x However, the amount amortized is treated as additional depreciation and is subject to recapture as ordinary income on a disposition of the property. It 1040x See Section 1250 Property under Depreciation Recapture in chapter 3 of Publication 544. It 1040x   These rules also apply to the deduction of development costs by corporations. It 1040x See Development Costs , later. It 1040x Recapture of exploration expenses. It 1040x   When your mine reaches the producing stage, you must recapture any exploration costs you elected to deduct. It 1040x Use either of the following methods. It 1040x Method 1—Include the deducted costs in gross income for the tax year the mine reaches the producing stage. It 1040x Your election must be clearly indicated on the return. It 1040x Increase your adjusted basis in the mine by the amount included in income. It 1040x Generally, you must elect this recapture method by the due date (including extensions) of your return. It 1040x However, if you timely filed your return for the year without making the election, you can still make the election by filing an amended return within 6 months of the due date of the return (excluding extensions). It 1040x Make the election on your amended return and write “Filed pursuant to section 301. It 1040x 9100-2” on the form where you are including the income. It 1040x File the amended return at the same address you filed the original return. It 1040x Method 2—Do not claim any depletion deduction for the tax year the mine reaches the producing stage and any later tax years until the depletion you would have deducted equals the exploration costs you deducted. It 1040x   You also must recapture deducted exploration costs if you receive a bonus or royalty from mine property before it reaches the producing stage. It 1040x Do not claim any depletion deduction for the tax year you receive the bonus or royalty and any later tax years until the depletion you would have deducted equals the exploration costs you deducted. It 1040x   Generally, if you dispose of the mine before you have fully recaptured the exploration costs you deducted, recapture the balance by treating all or part of your gain as ordinary income. It 1040x Under these circumstances, you generally treat as ordinary income all of your gain if it is less than your adjusted exploration costs with respect to the mine. It 1040x If your gain is more than your adjusted exploration costs, treat as ordinary income only a part of your gain, up to the amount of your adjusted exploration costs. It 1040x Foreign exploration costs. It 1040x   If you pay or incur exploration costs for a mine or other natural deposit located outside the United States, you cannot deduct all the costs in the current year. It 1040x You can elect to include the costs (other than for an oil, gas, or geothermal well) in the adjusted basis of the mineral property to figure cost depletion. It 1040x (Cost depletion is discussed in chapter 9 . It 1040x ) If you do not make this election, you must deduct the costs over the 10-year period beginning with the tax year in which you pay or incur them. It 1040x These rules also apply to foreign development costs. It 1040x Development Costs You can deduct costs paid or incurred during the tax year for developing a mine or any other natural deposit (other than an oil or gas well) located in the United States. It 1040x These costs must be paid or incurred after the discovery of ores or minerals in commercially marketable quantities. It 1040x Development costs also include depreciation on improvements used in the development of ores or minerals and costs incurred for you by a contractor. It 1040x Development costs do not include the costs for the acquisition or improvement of depreciable property. It 1040x Instead of deducting development costs in the year paid or incurred, you can elect to treat the cost as deferred expenses and deduct them ratably as the units of produced ores or minerals benefited by the expenses are sold. It 1040x This election applies each tax year to expenses paid or incurred in that year. It 1040x Once made, the election is binding for the year and cannot be revoked for any reason. It 1040x How to make the election. It 1040x   The election to deduct development costs ratably as the ores or minerals are sold must be made for each mine or other natural deposit by a clear indication on your return or by a statement filed with the IRS office where you file your return. It 1040x Generally, you must make the election by the due date of the return (including extensions). It 1040x However, if you timely filed your return for the year without making the election, you can still make the election by filing an amended return within 6 months of the due date of the return (excluding extensions). It 1040x Clearly indicate the election on your amended return and write “Filed pursuant to section 301. It 1040x 9100-2. It 1040x ” File the amended return at the same address you filed the original return. It 1040x Foreign development costs. It 1040x   The rules discussed earlier for foreign exploration costs apply to foreign development costs. It 1040x Reduced corporate deductions for development costs. It 1040x   The rules discussed earlier for reduced corporate deductions for exploration costs also apply to corporate deductions for development costs. It 1040x Circulation Costs A publisher can deduct as a current business expense the costs of establishing, maintaining, or increasing the circulation of a newspaper, magazine, or other periodical. It 1040x For example, a publisher can deduct the cost of hiring extra employees for a limited time to get new subscriptions through telephone calls. It 1040x Circulation costs are deductible even if they normally would be capitalized. It 1040x This rule does not apply to the following costs that must be capitalized. It 1040x The purchase of land or depreciable property. It 1040x The acquisition of circulation through the purchase of any part of the business of another publisher of a newspaper, magazine, or other periodical, including the purchase of another publisher's list of subscribers. It 1040x Other treatment of circulation costs. It 1040x   If you do not want to deduct circulation costs as a current business expense, you can elect one of the following ways to recover these costs. It 1040x Capitalize all circulation costs that are properly chargeable to a capital account (see chapter 1 ). It 1040x Amortize circulation costs over the 3-year period beginning with the tax year they were paid or incurred. It 1040x How to make the election. It 1040x   You elect to capitalize circulation costs by attaching a statement to your return for the first tax year the election applies. It 1040x Your election is binding for the year it is made and for all later years, unless you get IRS approval to revoke it. It 1040x Business Start-Up and Organizational Costs Business start-up and organizational costs are generally capital expenditures. It 1040x However, you can elect to deduct up to $5,000 of business start-up and $5,000 of organizational costs paid or incurred after October 22, 2004. It 1040x The $5,000 deduction is reduced by the amount your total start-up or organizational costs exceed $50,000. It 1040x Any remaining costs must be amortized. It 1040x For information about amortizing start-up and organizational costs, see chapter 8 . It 1040x Start-up costs include any amounts paid or incurred in connection with creating an active trade or business or investigating the creation or acquisition of an active trade or business. It 1040x Organizational costs include the costs of creating a corporation. It 1040x For more information on start-up and organizational costs, see chapter 8 . It 1040x How to make the election. It 1040x   You elect to deduct the start-up or organizational costs by claiming the deduction on your income tax return (filed by the due date including extensions) for the tax year in which the active trade or business begins. It 1040x However, if you timely filed your return for the year without making the election, you can still make the election by filing an amended return within 6 months of the due date of the return (excluding extensions). It 1040x Clearly indicate the election on your amended return and write “Filed pursuant to section 301. It 1040x 9100-2. It 1040x ” File the amended return at the same address you filed the original return. It 1040x The election applies when computing taxable income for the current tax year and all subsequent years. It 1040x Reforestation Costs Reforestation costs are generally capital expenditures. It 1040x However, you can elect to deduct up to $10,000 ($5,000 if married filing separately; $0 for a trust) of qualifying reforestation costs paid or incurred after October 22, 2004, for each qualified timber property. It 1040x The remaining costs can be amortized over an 84-month period. It 1040x For information about amortizing reforestation costs, see chapter 8 . It 1040x Qualifying reforestation costs are the direct costs of planting or seeding for forestation or reforestation. It 1040x Qualified timber property is property that contains trees in significant commercial quantities. It 1040x See chapter 8 for more information on qualifying reforestation costs and qualified timber property. It 1040x If you elect to deduct qualified reforestation costs, create and maintain separate timber accounts for each qualified timber property and include all reforestation costs and the dates each was applied. It 1040x Do not include this qualified timber property in any account (for example, depletion block) for which depletion is allowed. It 1040x How to make the election. It 1040x   You elect to deduct qualifying reforestation costs by claiming the deduction on your timely filed income tax return (including extensions) for the tax year the expenses were paid or incurred. It 1040x If Form T (Timber), Forest Activities Schedule, is required, complete Part IV of Form T. It 1040x If Form T is not required, attach a statement containing the following information for each qualified timber property for which an election is being made. It 1040x The unique stand identification numbers. It 1040x The total number of acres reforested during the tax year. It 1040x The nature of the reforestation treatments. It 1040x The total amounts of qualified reforestation expenditures eligible to be amortized or deducted. It 1040x   If you timely filed your return for the year without making the election, you can still make the election by filing an amended return within 6 months of the due date of the return (excluding extensions). It 1040x Clearly indicate the election on your amended return and write “Filed pursuant to section 301. It 1040x 9100-2. It 1040x ” File the amended return at the same address you filed the original return. It 1040x The election applies when computing taxable income for the current tax year and all subsequent years. It 1040x   For additional information on reforestation costs, see chapter 8 . It 1040x Recapture. It 1040x   This deduction may have to be recaptured as ordinary income under section 1245 when you sell or otherwise dispose of the property that would have received an addition to basis if you had not elected to deduct the expenditure. It 1040x For more information on recapturing the deduction, see Depreciation Recapture in Publication 544. It 1040x Retired Asset Removal Costs If you retire and remove a depreciable asset in connection with the installation or production of a replacement asset, you can deduct the costs of removing the retired asset. It 1040x However, if you replace a component (part) of a depreciable asset, capitalize the removal costs if the replacement is an improvement and deduct the costs if the replacement is a repair. It 1040x Barrier Removal Costs The cost of an improvement to a business asset is normally a capital expense. It 1040x However, you can elect to deduct the costs of making a facility or public transportation vehicle more accessible to and usable by those who are disabled or elderly. It 1040x You must own or lease the facility or vehicle for use in connection with your trade or business. It 1040x A facility is all or any part of buildings, structures, equipment, roads, walks, parking lots, or similar real or personal property. It 1040x A public transportation vehicle is a vehicle, such as a bus or railroad car, that provides transportation service to the public (including service for your customers, even if you are not in the business of providing transportation services). It 1040x You cannot deduct any costs that you paid or incurred to completely renovate or build a facility or public transportation vehicle or to replace depreciable property in the normal course of business. It 1040x Deduction limit. It 1040x   The most you can deduct as a cost of removing barriers to the disabled and the elderly for any tax year is $15,000. It 1040x However, you can add any costs over this limit to the basis of the property and depreciate these excess costs. It 1040x Partners and partnerships. It 1040x   The $15,000 limit applies to a partnership and also to each partner in the partnership. It 1040x A partner can allocate the $15,000 limit in any manner among the partner's individually incurred costs and the partner's distributive share of partnership costs. It 1040x If the partner cannot deduct the entire share of partnership costs, the partnership can add any costs not deducted to the basis of the improved property. It 1040x   A partnership must be able to show that any amount added to basis was not deducted by the partner and that it was over a partner's $15,000 limit (as determined by the partner). It 1040x If the partnership cannot show this, it is presumed that the partner was able to deduct the distributive share of the partnership's costs in full. It 1040x Example. It 1040x Emilio Azul's distributive share of ABC partnership's deductible expenses for the removal of architectural barriers was $14,000. It 1040x Emilio had $12,000 of similar expenses in his sole proprietorship. It 1040x He elected to deduct $7,000 of them. It 1040x Emilio allocated the remaining $8,000 of the $15,000 limit to his share of ABC's expenses. It 1040x Emilio can add the excess $5,000 of his own expenses to the basis of the property used in his business. It 1040x Also, if ABC can show that Emilio could not deduct $6,000 ($14,000 – $8,000) of his share of the partnership's expenses because of how Emilio applied the limit, ABC can add $6,000 to the basis of its property. It 1040x Qualification standards. It 1040x   You can deduct your costs as a current expense only if the barrier removal meets the guidelines and requirements issued by the Architectural and Transportation Barriers Compliance Board under the Americans with Disabilities Act (ADA) of 1990. It 1040x You can view the Americans with Disabilities Act at www. It 1040x ada. It 1040x gov/pubs/ada. It 1040x htm. It 1040x   The following is a list of some architectural barrier removal costs that can be deducted. It 1040x Ground and floor surfaces. It 1040x Walks. It 1040x Parking lots. It 1040x Ramps. It 1040x Entrances. It 1040x Doors and doorways. It 1040x Stairs. It 1040x Floors. It 1040x Toilet rooms. It 1040x Water fountains. It 1040x Public telephones. It 1040x Elevators. It 1040x Controls. It 1040x Signage. It 1040x Alarms. It 1040x Protruding objects. It 1040x Symbols of accessibility. It 1040x You can find the ADA guidelines and requirements for architectural barrier removal at www. It 1040x usdoj. It 1040x gov/crt/ada/reg3a. It 1040x html. It 1040x   The costs for removal of transportation barriers from rail facilities, buses, and rapid and light rail vehicles are deductible. It 1040x You can find the guidelines and requirements for transportation barrier removal at www. It 1040x fta. It 1040x dot. It 1040x gov. It 1040x   Also, you can access the ADA website at www. It 1040x ada. It 1040x gov for additional information. It 1040x Other barrier removals. It 1040x   To be deductible, expenses of removing any barrier not covered by the above standards must meet all three of the following tests. It 1040x The removed barrier must be a substantial barrier to access or use of a facility or public transportation vehicle by persons who have a disability or are elderly. It 1040x The removed barrier must have been a barrier for at least one major group of persons who have a disability or are elderly (such as people who are blind, deaf, or wheelchair users). It 1040x The barrier must be removed without creating any new barrier that significantly impairs access to or use of the facility or vehicle by a major group of persons who have a disability or are elderly. It 1040x How to make the election. It 1040x   If you elect to deduct your costs for removing barriers to the disabled or the elderly, claim the deduction on your income tax return (partnership return for partnerships) for the tax year the expenses were paid or incurred. It 1040x Identify the deduction as a separate item. It 1040x The election applies to all the qualifying costs you have during the year, up to the $15,000 limit. It 1040x If you make this election, you must maintain adequate records to support your deduction. It 1040x   For your election to be valid, you generally must file your return by its due date, including extensions. It 1040x However, if you timely filed your return for the year without making the election, you can still make the election by filing an amended return within 6 months of the due date of the return (excluding extensions). It 1040x Clearly indicate the election on your amended return and write “Filed pursuant to section 301. It 1040x 9100-2. It 1040x ” File the amended return at the same address you filed the original return. It 1040x Your election is irrevocable after the due date, including extensions, of your return. It 1040x Disabled access credit. It 1040x   If you make your business accessible to persons with disabilities and your business is an eligible small business, you may be able to claim the disabled access credit. It 1040x If you choose to claim the credit, you must reduce the amount you deduct or capitalize by the amount of the credit. It 1040x   For more information, see Form 8826, Disabled Access Credit. It 1040x Film and Television Production Costs Film and television production costs are generally capital expenses. It 1040x However, you can elect to deduct costs paid or incurred for certain productions commencing before January 1, 2014. It 1040x For more information, see section 181 of the Internal Revenue Code and the related Treasury Regulations. It 1040x Prev  Up  Next   Home   More Online Publications
Español

Work in the U.S.

Find resources on work visas and driving in the U.S., search for jobs, and more.

Back to Top

The It 1040x

It 1040x 20. It 1040x   Deducción Estándar Table of Contents Qué Hay de Nuevo Introduction Cantidad de la Deducción Estándar Deducción Estándar para DependientesDefinición del ingreso del trabajo. It 1040x Quién Debe Detallar las DeduccionesCuándo detallar las deducciones. It 1040x Personas casadas que presentan la declaración por separado. It 1040x Qué Hay de Nuevo Aumento de la deducción estándar. It 1040x  La deducción estándar para ciertos contribuyentes que no detallen sus deducciones en el Anexo A del Formulario 1040 es mayor en el año 2013 de lo que fue en el año 2012. It 1040x La cantidad de la deducción depende de su estado civil para efectos de la declaración. It 1040x Puede utilizar las Tablas de Deducción Estándar para el año 2013 en este capítulo para calcular la deducción estándar. It 1040x Introduction Este capítulo trata sobre los siguientes temas: Cómo calcular la cantidad de su deducción estándar. It 1040x La deducción estándar para dependientes. It 1040x Quién debe detallar las deducciones. It 1040x La mayoría de los contribuyentes tienen la opción de tomar la deducción estándar o detallar sus deducciones. It 1040x Si tene la opción, puede utilizar el método que resulte en la cantidad menor de impuestos. It 1040x La deducción estándar es una cantidad en dólares que reduce su ingreso tributable. It 1040x La deducción estándar es un beneficio que, para muchos contribuyentes, elimina la necesidad de detallar deducciones, tales como gastos médicos, aportaciones hechas a obras caritativas, e impuestos, en el Anexo A del Formulario 1040. It 1040x La deducción estándar es mayor para los contribuyentes que: Tengan 65 años de edad o más o Sean ciegos. It 1040x Usted se beneficia de la deducción estándar si ésta es mayor que el total de las deducciones detalladas permisibles. It 1040x Personas que no reúnen los requisitos para la deducción estándar. It 1040x   Su deducción estándar es cero y debe detallar todas las deducciones que tenga si: Su estado civil para efectos de la declaración es casado que presenta la declaración por separado y su cónyuge detalla las deducciones en su propia declaración, Presenta una declaración de impuestos para un año tributario corto debido a un cambio en su período contable anual, o Es extranjero no residente o extranjero con doble residencia durante el año. It 1040x Se le considera extranjero con doble residencia si tuvo estatus de ambos extranjero no residente y extranjero residente durante el año. It 1040x Nota. It 1040x Si es extranjero no residente que está casado con un ciudadano estadounidense o es residente extranjero al final del año, puede elegir ser tratado como residente estadounidense. It 1040x Vea la Publicación 519, U. It 1040x S. It 1040x Tax Guide for Aliens (Guía sobre los impuestos federales estadounidenses para extranjeros), en inglés. It 1040x Si elige esta opción, puede tomar la deducción estándar. It 1040x Si alguna exención suya puede ser reclamada en la declaración de impuestos de otra persona (tal como la declaración de sus padres), es posible que su deducción estándar sea limitada. It 1040x Vea Deducción Estándar para Dependientes , más adelante. It 1040x Cantidad de la Deducción Estándar La cantidad de la deducción estándar depende de su estado civil para efectos de la declaración, si tiene 65 años de edad o más o es ciego, y si otro contribuyente puede reclamar una exención por usted. It 1040x Generalmente, las cantidades de deducción estándar se ajustan cada año, conforme a la inflación. It 1040x La cantidad de la deducción estándar para la mayoría de los contribuyentes se muestra en la Tabla 20-1. It 1040x Declaración final de un fallecido. It 1040x   La deducción estándar para la declaración final de impuestos de un fallecido es igual a la que hubiese sido si el fallecido hubiese seguido con vida. It 1040x No obstante, si el fallecido no tenía 65 años de edad o más al morir, no puede reclamar la deducción estándar más alta, concedida por cumplir esa edad. It 1040x Deducción Estándar Más Alta por Edad (65 Años de Edad o Más) Si tiene 65 años de edad o más el último día del año y no detalla sus deducciones, tiene derecho a una deducción estándar más alta. It 1040x Se considera que tiene 65 años de edad el día antes de cumplir sus 65 años. It 1040x Por lo tanto, puede tomar una deducción estándar más alta para el año 2013 si nació antes del 2 de enero de 1949. It 1040x Utilice la Tabla 20-2 para calcular la cantidad de la deducción estándar. It 1040x Deducción Estándar Más Alta por Ceguera Si es ciego en el último día del año y no detalla sus deducciones, tiene derecho a una deducción estándar más alta. It 1040x No está totalmente ciego. It 1040x   Si no está totalmente ciego, tiene que obtener una declaración certificada de un oftalmólogo u optometrista que indique que: Aún cuando tiene sus espejuelos o lentes de contacto puestos, su ojo mejor no registra una cifra de vista mejor que el 20/200 o Su campo visual es de 20 grados o menos. It 1040x   Si es poco probable que la condición de su vista vaya a mejorar más allá de estos límites, dicha declaración debería estipular este hecho. It 1040x Tiene que guardar esta declaración con sus registros. It 1040x   Si su vista se puede corregir más allá de estos límites únicamente con lentes de contacto que sólo pueda usar durante un corto lapso de tiempo debido a dolor, infección o úlceras, usted puede tomar la deducción estándar más alta por ceguera si reúne los demás requisitos. It 1040x Cónyuge de 65 Años o Más o Ciego Puede tomar la deducción estándar mayor si su cónyuge tiene 65 años o más de edad o está ciego y: Ustedes presentan una declaración conjunta o Usted presenta una declaración separada y reclama una exención por su cónyuge porque el mismo no tuvo ningún ingreso bruto; y otro contribuyente no pudo haber reclamado a su cónyuge como dependiente. It 1040x No puede tomar la deducción estándar más alta por una persona que no sea usted o su cónyuge. It 1040x Ejemplos Los siguientes ejemplos muestran cómo determinar su deducción estándar utilizando la Tabla 20-1 y 20-2. It 1040x Ejemplo 1. It 1040x Carlos, de 46 años de edad, y Ana, de 33 años de edad, presentan una declaración conjunta en el año 2013. It 1040x Ninguno de los dos es ciego ni puede ser reclamado como dependiente. It 1040x Ellos optan por no detallar sus deducciones. It 1040x Ellos utilizan la Tabla 20-1. It 1040x La deducción estándar para ambos es $12,200. It 1040x Ejemplo 2. It 1040x Los datos son los mismos que en el Ejemplo 1, salvo que Carlos está ciego al final del año 2013. It 1040x Carlos y Ana utilizan la Tabla 20-2. It 1040x La deducción estándar para ambos es $13,400. It 1040x Ejemplo 3. It 1040x Roberto y María presentan una declaración conjunta para 2013. It 1040x Los dos son mayores de 65 años de edad. It 1040x Ninguno de los dos es ciego y ninguno de los dos puede ser reclamado como dependiente. It 1040x Si ellos no detallan las deducciones, utilizan la Tabla 20-2. It 1040x Su deducción estándar es $14,600. It 1040x Deducción Estándar para Dependientes La deducción estándar de una persona quien otra persona puede reclamar como dependiente en su declaración de impuestos suele limitarse a la cantidad siguiente que sea mayor: $1,000 o El ingreso del trabajo de la persona para el año, más $350 (pero no en exceso de la cantidad normal de la deducción estándar, generalmente $6,100). It 1040x Sin embargo, la deducción estándar podría ser más alta si la persona tiene 65 años de edad o más o si es ciego. It 1040x Si alguna exención suya (o de su cónyuge si presentan una declaración conjunta) se puede reclamar en la declaración de impuestos de otra persona, utilice la Tabla 20-3 para determinar su deducción estándar. It 1040x Definición del ingreso del trabajo. It 1040x   El ingreso del trabajo corresponde a salarios, sueldos, propinas, honorarios por servicios profesionales y otras cantidades recibidas como pagos por trabajo que usted de hecho realiza. It 1040x    Para propósitos de la deducción estándar, el ingreso del trabajo también incluye toda parte de una beca de estudios o de una beca de desarrollo profesional que usted tenga que incluir en el ingreso bruto. It 1040x Vea Becas de estudios y becas de desarrollo profesional en el capítulo 12, para más información sobre qué se considera una beca de estudios o una beca de desarrollo profesional. It 1040x Ejemplo 1. It 1040x Miguel es soltero. It 1040x Sus padres reclaman una exención por él en su declaración de impuestos del año 2013. It 1040x Tiene ingresos de intereses de $780 y un salario de $150. It 1040x No tiene deducciones detalladas. It 1040x Miguel utiliza la Tabla 20-3 para calcular su deducción estándar. It 1040x Él anota $150 (su ingreso del trabajo) en la línea 1, $500 ($150 + $350) en la línea 3, $1,000 (la cantidad mayor entre $500 y $1,000) en la línea 5, y $6,100 en la línea 6. It 1040x Su deducción estándar, la cual se anota en la línea 7a, es de $1,000 (la cantidad menor entre $1,000 y $6,100). It 1040x Ejemplo 2. It 1040x José, un estudiante universitario a tiempo completo con 22 años de edad, puede ser reclamado como dependiente en la declaración de impuestos del año 2013 de sus padres. It 1040x José está casado y presenta una declaración por separado. It 1040x Su esposa no detalla sus deducciones en su declaración. It 1040x José tiene ingresos de intereses de $1,500 y un salario de $3,800. It 1040x Él no tiene deducciones detalladas. It 1040x José utiliza la Tabla 20-3 para calcular su deducción estándar. It 1040x Él anota su ingreso de trabajo de $3,800 en la línea 1. It 1040x Él suma las líneas 1 y 2 y anota $4,150 en la línea 3. It 1040x En la línea 5, él anota $4,150, la cantidad mayor entre las líneas 3 y 4. It 1040x Ya que José está casado y presenta una declaración por separado, él anota $6,100 en la línea 6. It 1040x En la línea 7a, él anota $4,150, como su deducción estándar, porque es menos de $6,100, la cantidad en la línea 6. It 1040x Ejemplo 3. It 1040x Carla, que es soltera, puede ser reclamada como dependiente en la declaración de impuestos del año 2013 de sus padres. It 1040x Tiene 18 años de edad y es ciega. It 1040x Tiene ingresos de intereses de $1,300 y un salario de $2,900. It 1040x Ella no tiene deducciones detalladas. It 1040x Carla consulta la Tabla 20-3 para encontrar su deducción estándar. It 1040x Ella anota su salario de $2,900 en la línea 1. It 1040x Suma las líneas 1 y 2 y anota $3,250 en la línea 3. It 1040x En la línea 5, anota $3,250, la mayor entre las líneas 3 y 4. It 1040x Ya que ella es soltera, Carla anota $6,100 en la línea 6. It 1040x Anota $3,250 en la línea 7a. It 1040x Esta es la menor entre las cantidades de las líneas 5 y 6. It 1040x Ya que ella marcó el recuadro en la parte superior de la hoja, ella anota $1,500 en la línea 7b. It 1040x Luego, suma las cantidades de las líneas 7a y 7b y anota su deducción estándar de $4,750 en la línea 7c. It 1040x Ejemplo 4. It 1040x Edgardo es soltero. It 1040x Sus padres pueden reclamar una exención por él en su declaración del 2013. It 1040x Su salario es de $7,000, tiene ingresos por intereses de $500, y pérdida de negocio de $3,000. It 1040x Él no tiene deducciones detalladas. It 1040x Edgardo utiliza la Tabla 20-3 para calcular su deducción estándar. It 1040x Él anota $4,000 ($7,000 - $ 3,000) en la línea 1. It 1040x Suma las líneas 1 y 2 y anota $4,350 en la línea 3. It 1040x En la línea 5, anota $4,350, la cantidad mayor entre las líneas 3 y 4. It 1040x Ya que él es soltero, Edgardo anota $6,100 en la línea 6. It 1040x En la línea 7a, anota $4,350 como su deducción estándar porque es menor de $6,100, la cantidad que fue anotada en la línea 6. It 1040x Quién Debe Detallar las Deducciones Debe detallar las deducciones si el total de las mismas es mayor que la cantidad de la deducción estándar. It 1040x Además, debe detallar las deducciones si no reúne los requisitos para la deducción estándar, según se explicó anteriormente bajo Personas que no reúnen los requisitos para la deducción estándar . It 1040x Debe calcular primero las deducciones detalladas y comparar aquella cantidad con su deducción estándar para asegurarse de estar utilizando el método que le brinda el mayor beneficio. It 1040x Puede estar sujeto a un límite en algunas de sus deducciones detalladas si su ingreso bruto ajustado es mayor que: $250,000 si es soltero ($275,000 si es cabeza de familia, $300,000 si es casado que presenta una declaración conjunta o viudo(a) que reúne los requisitos; o $150,000 si es casado que presenta la declaración por separado). It 1040x Vea el capítulo 29 o las instrucciones para el Anexo A (Formulario 1040) para más información sobre cómo calcular la cantidad exacta de sus deducciones detalladas. It 1040x Cuándo detallar las deducciones. It 1040x   Es posible que le convenga detallar sus deducciones en el Anexo A (Formulario 1040) si usted: No reúne los requisitos para la deducción estándar o la cantidad que puede reclamar está limitada, Tuvo gastos médicos o dentales cuantiosos que no fueron cubiertos por su seguro durante el año, Pagó intereses e impuestos sobre su vivienda, Tuvo gastos de negocio del empleado cuantiosos que no fueron reembolsados por su empleador u otras deducciones misceláneas, Tuvo pérdidas por hechos fortuitos o por robo cuantiosas que no fueron cubiertas por su seguro, Hizo aportaciones cuantiosas a instituciones de caridad calificadas, o Tiene deducciones detalladas cuyo total es mayor que la deducción estándar a la que, por lo demás, tiene derecho. It 1040x Estas deducciones se explican en los capítulos 21 al 28. It 1040x   Si decide detallar las deducciones, complete el Anexo A y adjúntelo a su Formulario 1040. It 1040x Anote la cantidad de la línea 29 del Anexo A en la línea 40 del Formulario 1040. It 1040x Puede optar por detallar las deducciones para impuestos estatales u otros propósitos. It 1040x   Aun si sus deducciones detalladas son menos que su deducción estándar, puede optar por detallar sus deducciones en la declaración de impuestos federales en vez de tomar la deducción estándar. It 1040x Es posible que le convenga hacer esto si, por ejemplo, el beneficio tributario de detallar sus deducciones en la declaración de impuestos estatales es mayor que el beneficio tributario que pierde si no toma la deducción estándar en la declaración de impuestos federales. It 1040x Para elegir esta opción, tiene que marcar el recuadro de la línea 30 del Anexo A. It 1040x Si cambia de idea. It 1040x   Si no detalla las deducciones y más tarde se da cuenta de que debió haberlas detallado –o si detalla las deducciones y más tarde se da cuenta de que no debió haberlo hecho– puede cambiar su declaración de impuestos presentando el Formulario 1040X, Amended U. It 1040x S. It 1040x Individual Income Tax Return (Declaración enmendada del impuesto federal sobre el ingreso personal en los Estados Unidos), en inglés. It 1040x Vea Declaraciones Enmendadas y Solicitudes de Reembolso en el capítulo 1 para más información sobre las declaraciones enmendadas. It 1040x Personas casadas que presentan la declaración por separado. It 1040x   Puede cambiar de método para tomar deducciones sólo si usted y su cónyuge hacen los mismos cambios. It 1040x Cada uno de los dos tienen que presentar una autorización para permitir la determinación de impuestos adicionales que cualquiera de ustedes pueda adeudar como resultado de dicho cambio. It 1040x    Usted y su cónyuge pueden utilizar el método que les resulte en el total de impuestos más bajo, aunque uno de ustedes quizá pague más impuestos de los que hubiera pagado al utilizar el otro método. It 1040x Tanto usted como su cónyuge tienen que utilizar el mismo método para reclamar deducciones. It 1040x Si uno de ustedes detalla sus deducciones, el otro debe detallar sus deducciones también, porque él o ella no reunirá los requisitos para la deducción estándar. It 1040x Vea Personas que no reúnen los requisitos para la deduccón estándar , anteriormente. It 1040x Tablas de Deducción Estándar para el 2013 Si usted es casado que presenta la declaración por separado y su cónyuge detalla las deducciones, o si usted es extranjero con doble residencia, no puede tomar la deducción estándar aunque haya nacido antes del 2 de enero de 1949 o sea ciego. It 1040x Tabla 20-1. It 1040x Tabla de Deducción Estándar para la Mayoría de las Personas* Si su estado civil para efectos de la  declaración es Entonces su  deducción  estándar es: Soltero o casado que presenta la declaración por separado $6,100 Casado que presenta la declaración conjunta o viudo(a) que reúne los requisitos con hijo dependiente 12,200 Cabeza de familia 8,950 * No utilice esta tabla si nació antes del 2 de enero de 1949, o es ciego, o si alguien más puede reclamar una exención por usted (o por su cónyuge, si es casado que presenta la declaración conjuntamente). It 1040x En vez de ésta, utilice la Tabla 20-2 ó 20-3. It 1040x Tabla 20-2. It 1040x Tabla de la Deducción Estándar para Personas que Nacieron Antes del 2 de enero de 1949 o que sean ciegas* Marque el número correcto de recuadros siguientes. It 1040x Luego pase a la tabla. It 1040x Usted: Nació antes del  2 de enero de 1949□ Es ciego□ Su cónyuge, si reclama  una exención por él o ella: Nació antes del  2 de enero de 1949 □ Es ciego□ Número total de recuadros que marcó   SI su estado civil para   efectos de la  declaración es Y el número en el  recuadro de arriba es ENTONCES su deducción  estándar es: Soltero 1 $7,600   2 9,100 Casado que presenta la 1 $13,400 declaración conjunta o 2 14,600 viudo(a) que reúne los requisitos 3 15,800 con hijo dependiente 4 17,000 Casado que presenta 1 $7,300 la declaración por separado 2 8,500   3 9,700   4 10,900 Cabeza de familia 1 $10,450   2 11,950 *Si alguien más puede reclamar una exención por usted (o su cónyuge, si presenta la declaración conjunta), utilice la tabla 20-3, en vez de ésta. It 1040x Tabla 20-3. It 1040x Tabla de Deducción Estándar para Dependientes Utilice esta hoja de trabajo sólo si alguien más puede reclamar una exención por usted (o por su cónyuge, si es casado que presenta la declaración conjuntamente). It 1040x Marque el número correcto de recuadros más abajo. It 1040x Luego pase a la hoja de trabajo. It 1040x Usted:   Nació antes del 2 de enero de 1949 □ Es ciego □ Su cónyuge, si reclama una exención por él o ella: Nació antes del 2 de enero de 1949 □ Es ciego □ Número total de recuadros que marcó 1. It 1040x Anote su ingreso del trabajo (definido más abajo). It 1040x Si no tiene ninguno, anote -0-. It 1040x 1. It 1040x   2. It 1040x Cantidad adicional. It 1040x 2. It 1040x $350 3. It 1040x Sume las líneas 1 y 2. It 1040x 3. It 1040x   4. It 1040x Deducción estándar mínima. It 1040x 4. It 1040x $1,000 5. It 1040x De las líneas 3 ó 4, anote la cantidad mayor. It 1040x 5. It 1040x   6. It 1040x Anote una de las cantidades siguientes según su estado civil para efectos de la declaración. It 1040x Soltero o Casado que presenta la declaración por separado—$6,100 Casado que presenta la declaración conjunta—$12,200 Cabeza de familia—$8,950 6. It 1040x   7. It 1040x Deducción estándar. It 1040x         a. It 1040x De las líneas 5 ó 6, anote la cantidad que sea menor. It 1040x Si nació después del 1 de enero de 1949, y no es ciego, pare. It 1040x Ésta es su deducción estándar. It 1040x De lo contrario, pase a la línea 7b. It 1040x 7a. It 1040x     b. It 1040x Si nació antes del 2 de enero de 1949, o si es ciego, multiplique $1,500 ($1,200 si es casado) por la cifra en la línea de arriba. It 1040x 7b. It 1040x     c. It 1040x Sume las líneas 7a y 7b. It 1040x Ésta es su deducción estándar para el año 2013. It 1040x 7c. It 1040x   El ingreso del trabajo incluye salarios, sueldos, propinas, honorarios por servicios profesionales y otras remuneraciones recibidas por servicios personales que usted prestó. It 1040x También incluye toda cantidad recibida por concepto de beca que deba incluir en sus ingresos. It 1040x Prev  Up  Next   Home   More Online Publications