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Myfreetaxes 2013

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Myfreetaxes 2013

Myfreetaxes 2013 3. Myfreetaxes 2013   Credit for Withholding and Estimated Tax for 2013 Table of Contents Introduction Topics - This chapter discusses: WithholdingForm W-2 Form W-2G The 1099 Series Form Not Correct Form Received After Filing Separate Returns Fiscal Years (FY) Estimated TaxSeparate Returns Divorced Taxpayers Excess Social Security or Railroad Retirement Tax WithholdingJoint returns. Myfreetaxes 2013 Worksheet for Nonrailroad Employees Worksheets for Railroad Employees Introduction When you file your 2013 income tax return, take credit for all the income tax and excess social security or railroad retirement tax withheld from your salary, wages, pensions, etc. Myfreetaxes 2013 Also take credit for the estimated tax you paid for 2013. Myfreetaxes 2013 These credits are subtracted from your total tax. Myfreetaxes 2013 Because these credits are refundable, you should file a return and claim these credits, even if you do not owe tax. Myfreetaxes 2013 If the total of your withholding and your estimated tax payments for any payment period is less than the amount you needed to pay by the due date for that period, you may be charged a penalty, even if the total of these credits is more than your tax for the year. Myfreetaxes 2013 Topics - This chapter discusses: How to take credit for withholding, How to take credit for estimated taxes you paid, and How to take credit for excess social security, Medicare, or railroad retirement tax withholding. Myfreetaxes 2013 Withholding If you had income tax withheld during 2013, you generally should be sent a statement by January 31, 2014, showing your income and the tax withheld. Myfreetaxes 2013 Depending on the source of your income, you will receive: Form W-2, Wage and Tax Statement, Form W-2G, Certain Gambling Winnings, or A form in the 1099 series. Myfreetaxes 2013 Form W-2 Your employer is required to provide or send Form W-2 to you no later than January 31, 2014. Myfreetaxes 2013 You should receive a separate Form W-2 from each employer you worked for. Myfreetaxes 2013 If you stopped working before the end of 2013, your employer could have given you your Form W-2 at any time after you stopped working. Myfreetaxes 2013 However, your employer must provide or send it to you by January 31, 2014. Myfreetaxes 2013 If you ask for the form, your employer must send it to you within 30 days after receiving your written request or within 30 days after your final wage payment, whichever is later. Myfreetaxes 2013 If you have not received your Form W-2 by January 31, contact your employer or payer to request a copy. Myfreetaxes 2013 If you still do not get the form by February 15, the IRS can help you by requesting the form from your employer. Myfreetaxes 2013 The phone number for the IRS is listed in chapter 5. Myfreetaxes 2013 You will be asked for the following information. Myfreetaxes 2013 Your name, address, city and state, zip code, and social security number. Myfreetaxes 2013 Your employer's name, address, city, state, zip code, and the employer's identification number (if known). Myfreetaxes 2013 An estimate of the wages you earned, the federal income tax withheld, and the period you worked for that employer. Myfreetaxes 2013 The estimate should be based on year-to-date information from your final pay stub or leave-and-earnings statement, if possible. Myfreetaxes 2013 Form W-2 shows your total pay and other compensation and the income tax, social security tax, and Medicare tax that was withheld during the year. Myfreetaxes 2013 Total the federal income tax withheld (shown in box 2 of all Forms W-2 received) and enter that amount on the appropriate line of your tax return. Myfreetaxes 2013 In addition, Form W-2 is used to report any taxable sick pay you received and any income tax withheld from your sick pay. Myfreetaxes 2013 Your sick pay may be combined with other wages in one Form W-2 or you may receive a separate Form W-2 for sick pay. Myfreetaxes 2013 If you file a paper tax return, attach Copy B of Form W-2 to your return. Myfreetaxes 2013 Form W-2G If you had gambling winnings in 2013, the payer may have withheld income tax. Myfreetaxes 2013 If tax was withheld, the payer will give you a Form W-2G showing the amount you won and the amount of tax withheld. Myfreetaxes 2013 Report the amounts you won on line 21 of Form 1040. Myfreetaxes 2013 Take credit for the tax withheld on line 62 of Form 1040. Myfreetaxes 2013 If you had gambling winnings, you must use Form 1040; you cannot use Form 1040A or Form 1040EZ. Myfreetaxes 2013 Gambling losses can be deducted on Schedule A (Form 1040) as a miscellaneous itemized deduction. Myfreetaxes 2013 However, you cannot deduct more than the gambling winnings you report on Form 1040. Myfreetaxes 2013 File Form W-2G with your income tax return only if it shows any federal income tax withheld in box 2. Myfreetaxes 2013 The 1099 Series Most forms in the 1099 series are not filed with your return. Myfreetaxes 2013 In general, these forms should be furnished to you by January 31, 2014. Myfreetaxes 2013 Unless instructed to file any of these forms with your return, keep them for your records. Myfreetaxes 2013 There are several different forms in this series, including: Form 1099-B, Proceeds From Broker and Barter Exchange Transactions; Form 1099-C, Cancellation of Debt; Form 1099-DIV, Dividends and Distributions; Form 1099-G, Certain Government Payments; Form 1099-INT, Interest Income; Form 1099-K, Payment Card and Third-Party Network Transactions; Form 1099-MISC, Miscellaneous Income; Form 1099-OID, Original Issue Discount; Form 1099-PATR, Taxable Distributions Received From Cooperatives; Form 1099-Q, Payments From Qualified Education Programs (Under Sections 529 and 530); Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. Myfreetaxes 2013 ; Form SSA-1099, Social Security Benefit Statement; and Form RRB-1099, Payments by the Railroad Retirement Board. Myfreetaxes 2013 If you received the types of income reported on some forms in the 1099 series, you may not be able to use Form 1040A or Form 1040EZ. Myfreetaxes 2013 See the instructions to these forms for details. Myfreetaxes 2013 Reporting your withholding. Myfreetaxes 2013   Report on your tax return all federal income tax withholding shown on your Form 1099, Form SSA-1099, and/or Form RRB-1099. Myfreetaxes 2013 Include the amount withheld in the total on line 62 of Form 1040, line 36 of Form 1040A, or line 7 of Form 1040EZ. Myfreetaxes 2013 Form 1099-R. Myfreetaxes 2013   Attach Form 1099-R to your paper return if federal income tax withholding is shown in box 4. Myfreetaxes 2013 Do not attach any other Form 1099. Myfreetaxes 2013 Form Not Correct If you receive a form with incorrect information, you should ask the payer for a corrected form. Myfreetaxes 2013 Call the telephone number or write to the address given for the payer on the form. Myfreetaxes 2013 The corrected Form W-2G or Form 1099 you receive will have an “X” in the “CORRECTED” box at the top of the form. Myfreetaxes 2013 A special form, Form W-2c, Corrected Wage and Tax Statement, is used to correct a Form W-2. Myfreetaxes 2013 In certain situations, you will receive two forms in place of the original incorrect form. Myfreetaxes 2013 This will happen when your taxpayer identification number is wrong or missing, your name and address are wrong, or you received the wrong type of form (for example, a Form 1099-DIV instead of a Form 1099-INT). Myfreetaxes 2013 One new form you receive will be the same incorrect form or have the same incorrect information, but all money amounts will be zero. Myfreetaxes 2013 This form will have an “X” in the “CORRECTED” box at the top of the form. Myfreetaxes 2013 The second new form should have all the correct information, prepared as though it is the original (the “CORRECTED” box will not be checked). Myfreetaxes 2013 Form Received After Filing If you file your return and you later receive a form for income that you did not include on your return, report the income and take credit for any income tax withheld by filing Form 1040X, Amended U. Myfreetaxes 2013 S. Myfreetaxes 2013 Individual Income Tax Return. Myfreetaxes 2013 Separate Returns If you are married but file a separate return, you can take credit only for the tax withheld from your own income. Myfreetaxes 2013 Do not include any amount withheld from your spouse's income. Myfreetaxes 2013 However, different rules may apply if you live in a community property state. Myfreetaxes 2013 Community property states. Myfreetaxes 2013   The following are community property states. Myfreetaxes 2013 Arizona. Myfreetaxes 2013 California. Myfreetaxes 2013 Idaho. Myfreetaxes 2013 Louisiana. Myfreetaxes 2013 Nevada. Myfreetaxes 2013 New Mexico. Myfreetaxes 2013 Texas. Myfreetaxes 2013 Washington. Myfreetaxes 2013 Wisconsin. Myfreetaxes 2013 Generally, if you live in a community property state and file a separate return, you and your spouse each must report half of all community income in addition to your own separate income. Myfreetaxes 2013 If you are required to report half of all community income, you are entitled to take credit for half of all taxes withheld on the community income. Myfreetaxes 2013 If you were divorced during the year, each of you generally must report half the community income and can take credit for half the withholding on that community income for the period before the divorce. Myfreetaxes 2013   For more information on these rules, and some exceptions, see Publication 555, Community Property. Myfreetaxes 2013 Fiscal Years (FY) If you file your tax return on the basis of a fiscal year (a 12-month period ending on the last day of any month except December), you must follow special rules, described below, to determine your credit for federal income tax withholding. Myfreetaxes 2013 Fiscal year withholding. Myfreetaxes 2013    You can claim credit on your tax return only for the tax withheld during the calendar year (CY) ending within your fiscal year. Myfreetaxes 2013 You cannot claim credit for any of the tax withheld during the calendar year beginning in your fiscal year. Myfreetaxes 2013 You will be able to claim credit for that withholding on your return for your next fiscal year. Myfreetaxes 2013   The Form W-2 or 1099 you receive for the calendar year that ends during your fiscal year will show the tax withheld and the income you received during that calendar year. Myfreetaxes 2013   Although you take credit for all the withheld tax shown on the form, report only the part of the income shown on the form that you received during your fiscal year. Myfreetaxes 2013 Add to that the income you received during the rest of your fiscal year. Myfreetaxes 2013 Example. Myfreetaxes 2013 Miles Hanson files his return for a fiscal year ending June 30, 2013. Myfreetaxes 2013 In January 2013, he received a Form W-2 that showed that his wages for 2012 were $31,200 and that his income tax withheld was $3,380. Myfreetaxes 2013 His records show that he had received $15,000 of the wages by June 30, 2012, and $16,200 from July 1 through December 31, 2012. Myfreetaxes 2013 See Table 3-1 . Myfreetaxes 2013 On his return for the fiscal year ending June 30, 2013, Miles will report the $16,200 he was paid in July through December of 2012, plus the $18,850 he was paid during the rest of the fiscal year, January 1, 2013, through June 30, 2013. Myfreetaxes 2013 However, he takes credit for all $3,380 that was withheld during 2012. Myfreetaxes 2013 On his return for the fiscal year ending June 30, 2012, he reported the $15,000 he was paid in January through June 2012, but took no credit for the tax withheld during that time. Myfreetaxes 2013 On his return for the fiscal year ending June 30, 2014, he will take the credit for any tax withheld during 2013 but not for any tax withheld during 2014. Myfreetaxes 2013 Table 3-1. Myfreetaxes 2013 Example for Fiscal Year Ending June 30, 2013—Miles Hanson Date Form W-2 Miles' records Tax return for FY ending 6/30/20121 Tax return for FY ending 6/30/2013 Wages With- holding Wages With- holding Wages With- holding Wages With- holding CY 20122 $31,200 $3,380             1/1/2012 –  6/30/2012     $15,000 $1,600 $15,000       7/1/2012 –  12/31/2012     $16,200 $1,780     $16,200 $3,380 CY 2013 $37,700 $4,316 3             1/1/2013 –  6/30/2013     $18,850 $2,158     $18,850   7/1/2013 –  12/31/2013     $18,850 4 $2,158         1Miles' tax return for FY ending 6/30/2012 also included his wages for 7/1–12/31/2011 and the withholding shown on his 2011 Form W-2. Myfreetaxes 2013  2Calendar year (January 1 – December 31). Myfreetaxes 2013   3Withholding shown on 2013 Form W-2 ($4,316) will be included in Miles' tax return for FY ending 6/30/2014, the fiscal year in which calendar year 2013 ends. Myfreetaxes 2013   4Wages for 7/1–12/31/2013 ($18,850) will be included in Miles' tax return for FY ending 6/30/2014, the fiscal year in which the wages were received. Myfreetaxes 2013 Backup withholding. Myfreetaxes 2013   If income tax has been withheld under the backup withholding rule, take credit for it on your tax return for the fiscal year in which you received the income. Myfreetaxes 2013 Example. Myfreetaxes 2013 Emily Smith's records show that she received income in November 2013 and February 2014 from which there was backup withholding ($100 and $50, respectively). Myfreetaxes 2013 Emily takes credit for the entire $150 of backup withholding on her tax return for the fiscal year ending September 30, 2014. Myfreetaxes 2013 Estimated Tax Take credit for all your estimated tax payments for 2013 on line 63 of Form 1040 or line 37 of Form 1040A. Myfreetaxes 2013 Include any overpayment from 2012 that you had credited to your 2013 estimated tax. Myfreetaxes 2013 You must use Form 1040 or Form 1040A if you paid estimated tax. Myfreetaxes 2013 You cannot file Form 1040EZ. Myfreetaxes 2013 If you were a beneficiary of an estate or trust, you should receive a Schedule K-1 (Form 1041), Beneficiary's Share of Income, Deductions, Credits, etc. Myfreetaxes 2013 , from the fiduciary. Myfreetaxes 2013 If you have estimated taxes credited to you from the estate or trust (from Schedule K-1 (Form 1041)), you must report the estimated taxes on Schedule E (Form 1040). Myfreetaxes 2013 On the dotted line next to the entry space for line 37 of Schedule E (Form 1040), enter “ES payment claimed” and the amount. Myfreetaxes 2013 However, do not include this amount in the total on line 37. Myfreetaxes 2013 Instead, enter the amount on Form 1040, line 63. Myfreetaxes 2013 This estimated tax payment for 2013 is treated as being made by you on January 15, 2014. Myfreetaxes 2013 Name changed. Myfreetaxes 2013   If you changed your name, and you made estimated tax payments using your former name, attach a statement to the front of your paper tax return indicating: When you made the payments, The amount of each payment, Your name when you made the payments, and The social security number under which you made the payments. Myfreetaxes 2013  The statement should cover payments you made jointly with your spouse as well as any you made separately. Myfreetaxes 2013   Be sure to report the change to your local Social Security Administration office before filing your 2014 tax return. Myfreetaxes 2013 This prevents delays in processing your return and issuing refunds. Myfreetaxes 2013 It also safeguards your future social security benefits. Myfreetaxes 2013 For more information, call the Social Security Administration at 1-800-772-1213. Myfreetaxes 2013 Separate Returns If you and your spouse made separate estimated tax payments for 2013 and you file separate returns, you can take credit only for your own payments. Myfreetaxes 2013 If you made joint estimated tax payments, you must decide how to divide the payments between your returns. Myfreetaxes 2013 One of you can claim all of the estimated tax paid and the other none, or you can divide it in any other way you agree on. Myfreetaxes 2013 If you cannot agree, you must divide the payments in proportion to each spouse's individual tax as shown on your separate returns for 2013. Myfreetaxes 2013 Example. Myfreetaxes 2013 James and Evelyn Brown made joint estimated tax payments for 2013 totaling $3,000. Myfreetaxes 2013 They file separate 2013 Forms 1040. Myfreetaxes 2013 James' tax is $4,000 and Evelyn's is $1,000. Myfreetaxes 2013 If they do not agree on how to divide the $3,000, they must divide it proportionately between their returns. Myfreetaxes 2013 Because James' tax ($4,000) is 80% of the total tax ($5,000), his share of the estimated tax is $2,400 (80% of $3,000). Myfreetaxes 2013 The balance, $600 (20% of $3,000), is Evelyn's share. Myfreetaxes 2013 Divorced Taxpayers If you made joint estimated tax payments for 2013 and you were divorced during the year, either you or your former spouse can claim all of the joint payments, or you each can claim part of them. Myfreetaxes 2013 If you cannot agree on how to divide the payments, you must divide them in proportion to each spouse's individual tax as shown on your separate returns for 2013. Myfreetaxes 2013 See Example earlier under Separate Returns. Myfreetaxes 2013 If you claim any of the joint payments on your tax return, enter your former spouse's social security number (SSN) in the space provided at the top of page 1 of Form 1040 or Form 1040A. Myfreetaxes 2013 If you divorced and remarried in 2013, enter your present spouse's SSN in that space. Myfreetaxes 2013 Enter your former spouse's SSN, followed by “DIV,” under Payments to the left of Form 1040, line 63, or in the blank space to the left of Form 1040A, line 37. Myfreetaxes 2013 Excess Social Security or Railroad Retirement Tax Withholding Most employers must withhold social security tax from your wages. Myfreetaxes 2013 In some cases, however, the federal government and state and local governments do not have to withhold social security tax from their employees' wages. Myfreetaxes 2013 If you work for a railroad employer, that employer must withhold tier 1 railroad retirement (RRTA) tax and tier 2 RRTA tax. Myfreetaxes 2013 Two or more employers. Myfreetaxes 2013   If you worked for two or more employers in 2013, too much social security tax or tier 1 RRTA tax may have been withheld from your pay. Myfreetaxes 2013 You may be able to claim the excess as a credit against your income tax when you file your return. Myfreetaxes 2013 Table 3-2 shows the maximum amount that should have been withheld for any of these taxes for 2013. Myfreetaxes 2013 Figure the excess withholding on the appropriate worksheet. Myfreetaxes 2013    Table 3-2. Myfreetaxes 2013 Maximum Social Security and RRTA Withholding for 2013 Type of tax Maximum wages subject to tax Tax rate Maximum tax to be withheld Social security $113,700 6. Myfreetaxes 2013 2% $7,049. Myfreetaxes 2013 40 Tier 1 RRTA $113,700 6. Myfreetaxes 2013 2% $7,049. Myfreetaxes 2013 40 Tier 2 RRTA $84,300 4. Myfreetaxes 2013 4% $3,709. Myfreetaxes 2013 20 Joint returns. Myfreetaxes 2013   If you are filing a joint return, you and your spouse must figure any excess social security or tier 1 RRTA separately. Myfreetaxes 2013 Note. Myfreetaxes 2013 All wages are subject to Medicare tax withholding. Myfreetaxes 2013 Employer's error. Myfreetaxes 2013   If you had only one employer and he or she withheld too much social security, Medicare, or tier 1 RRTA tax, ask the employer to refund the excess amount to you. Myfreetaxes 2013 If the employer refuses to refund the overcollection, ask for a statement indicating the amount of the overcollection to support your claim. Myfreetaxes 2013 File a claim for refund using Form 843, Claim for Refund and Request for Abatement. Myfreetaxes 2013 Worksheet for Nonrailroad Employees If you did not work for a railroad during 2013, figure the excess social security withholding on Worksheet 3-1. Myfreetaxes 2013 Note. Myfreetaxes 2013 If you worked for both a railroad employer and a nonrailroad employer, use Worksheet 3-2, to figure excess social security and tier 1 RRTA tax. Myfreetaxes 2013 Where to claim credit for excess social security withholding. Myfreetaxes 2013   If you file Form 1040, enter the excess on line 69. Myfreetaxes 2013   If you file Form 1040A, include the excess in the total on line 41. Myfreetaxes 2013 Write “Excess SST” and show the amount of the credit in the space to the left of the line. Myfreetaxes 2013   You cannot claim excess social security tax withholding on Form 1040EZ. Myfreetaxes 2013 Worksheets for Railroad Employees If you worked for a railroad during 2013, figure your excess withholding on Worksheet 3-2 and 3-3, as appropriate. Myfreetaxes 2013 Where to claim credit for excess tier 1 RRTA withholding. Myfreetaxes 2013   If you file Form 1040, enter the excess on line 69. Myfreetaxes 2013   If you file Form 1040A, include the excess in the total on line 41. Myfreetaxes 2013 Write “Excess SST” and show the amount of the credit in the space to the left of the line. Myfreetaxes 2013   You cannot claim excess tier 1 RRTA withholding on Form 1040EZ. Myfreetaxes 2013 How to claim refund of excess tier 2 RRTA. Myfreetaxes 2013   To claim a refund of tier 2 tax, use Form 843. Myfreetaxes 2013 Be sure to attach a copy of all of your Forms W-2. Myfreetaxes 2013   See Worksheet 3-3 and the Instructions for Form 843, for more details. Myfreetaxes 2013 Worksheet 3-1. Myfreetaxes 2013 Excess Social Security—Nonrailroad Employees 1. Myfreetaxes 2013 Add all social security tax withheld (but not more than  $7,049. Myfreetaxes 2013 40 for each employer). Myfreetaxes 2013 This tax should be shown  in box 4 of your Forms W-2. Myfreetaxes 2013 Enter the total here 1. Myfreetaxes 2013   2. Myfreetaxes 2013 Enter any uncollected social security tax on tips or group-term life insurance on Form 1040, line 60, identified by “UT” 2. Myfreetaxes 2013   3. Myfreetaxes 2013 Add lines 1 and 2. Myfreetaxes 2013 If $7,049. Myfreetaxes 2013 40 or less, stop here. Myfreetaxes 2013 You cannot claim the credit 3. Myfreetaxes 2013   4. Myfreetaxes 2013 Social security limit 4. Myfreetaxes 2013 $7,049. Myfreetaxes 2013 40 5. Myfreetaxes 2013 Excess. Myfreetaxes 2013 Subtract line 4 from line 3 5. Myfreetaxes 2013   Worksheet 3-2. Myfreetaxes 2013 Excess Social Security and Tier 1 RRTA—Railroad Employees 1. Myfreetaxes 2013 Add all social security and tier 1 RRTA tax withheld (but not more than $7,049. Myfreetaxes 2013 40 for each employer). Myfreetaxes 2013 Social security tax should be shown in box 4 and tier 1 RRTA should be shown  in box 14 of your Forms W-2. Myfreetaxes 2013 Enter the total here 1. Myfreetaxes 2013   2. Myfreetaxes 2013 Enter any uncollected social security and tier 1 RRTA tax on tips or group-term life insurance on Form 1040, line 60, identified by “UT” 2. Myfreetaxes 2013   3. Myfreetaxes 2013 Add lines 1 and 2. Myfreetaxes 2013 If $7,049. Myfreetaxes 2013 40 or less, stop here. Myfreetaxes 2013 You cannot claim the credit 3. Myfreetaxes 2013   4. Myfreetaxes 2013 Social security and tier 1 RRTA tax limit 4. Myfreetaxes 2013 $7,049. Myfreetaxes 2013 40 5. Myfreetaxes 2013 Excess. Myfreetaxes 2013 Subtract line 4 from line 3 5. Myfreetaxes 2013   Worksheet 3-3. Myfreetaxes 2013 Excess Tier 2 RRTA—Railroad Employees 1. Myfreetaxes 2013 Add all tier 2 RRTA tax withheld (but not more than $3,709. Myfreetaxes 2013 20 for each employer). Myfreetaxes 2013 Box 14 of your Forms W-2 should show tier 2 RRTA tax. Myfreetaxes 2013 Enter the total here 1. Myfreetaxes 2013   2. Myfreetaxes 2013 Enter any uncollected tier 2 RRTA tax on tips or group-term life insurance on Form 1040, line 60, identified by “UT” 2. Myfreetaxes 2013   3. Myfreetaxes 2013 Add lines 1 and 2. Myfreetaxes 2013 If $3,709. Myfreetaxes 2013 20 or less, stop here. Myfreetaxes 2013 You cannot claim the credit. Myfreetaxes 2013 3. Myfreetaxes 2013   4. Myfreetaxes 2013 Tier 2 RRTA tax limit 4. Myfreetaxes 2013 $3,709. Myfreetaxes 2013 20 5. Myfreetaxes 2013 Excess. Myfreetaxes 2013 Subtract line 4 from line 3. Myfreetaxes 2013 5. Myfreetaxes 2013   Prev  Up  Next   Home   More Online Publications
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IRS - Issuing Refunds

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Every year, the IRS issues refunds to millions of taxpayers. Refund data are reported in multiple ways, including by the number issued and refund amounts. Historical refund data are also available from 1987 to 2007.

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Fiscal Year Data

The tables below were originally published in the IRS Data Book, which is IRS Publication 55B, and are complied by various divisions throughout the IRS. The IRS's fiscal year runs from October 1 to September 30.

Refunds Issued and Refund Amounts

Number of Internal Revenue Refunds Issued
The number of refunds issued are shown for selected returns, including corporation, individual, employment, estate, gift, and excise taxes, by state.

• Prior to 2000, the number of refunds for selected tax return types are classified by Internal Revenue region and district.

Fiscal Years available:
1999     1998     1997     1996     1995

 

Amount of Internal Revenue Refunds Issued, Including Interest
These tables show the total dollar amount refunded, by state and type of tax.

• Prior to 2000, the total dollar amounts refunded are shown by Internal Revenue region and district and by type of tax return. 

Fiscal Years available:
1999     1998     1997     1996     1995


Historical IRS Tax Refunds
Total dollar amounts refunded by quarter and fiscal year, by type of return.

SOI Bulletin Historical Table 19
Fiscal Years covered:  1987-2007




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Assisting Taxpayers  |  Managing the System

IRS Tax Compliance Activities  |  Taxpayer Compliance Research

 

 

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Page Last Reviewed or Updated: 24-Mar-2014

The Myfreetaxes 2013

Myfreetaxes 2013 5. Myfreetaxes 2013   Table and Worksheets for the Self-Employed Table of Contents Community property laws. Myfreetaxes 2013 As discussed in chapters 2 and 4, if you are self-employed, you must use the rate table or rate worksheet and deduction worksheet to figure your deduction for contributions you made for yourself to a SEP-IRA or qualified plan. Myfreetaxes 2013 First, use either the rate table or rate worksheet to find your reduced contribution rate. Myfreetaxes 2013 Then complete the deduction worksheet to figure your deduction for contributions. Myfreetaxes 2013 The table and the worksheets in chapter 5 apply only to self-employed individuals who have only one defined contribution plan, such as a profit-sharing plan. Myfreetaxes 2013 A SEP plan is treated as a profit-sharing plan. Myfreetaxes 2013 However, do not use this worksheet for SARSEPs. Myfreetaxes 2013 Rate table for self-employed. Myfreetaxes 2013   If your plan's contribution rate is a whole percentage (for example, 12% rather than 12½%), you can use the table on the next page to find your reduced contribution rate. Myfreetaxes 2013 Otherwise, use the rate worksheet provided below. Myfreetaxes 2013   First, find your plan contribution rate (the contribution rate stated in your plan) in Column A of the table. Myfreetaxes 2013 Then read across to the rate under Column B. Myfreetaxes 2013 Enter the rate from Column B in step 4 of the Deduction Worksheet for Self-Employed on this page. Myfreetaxes 2013    Example. Myfreetaxes 2013 You are a sole proprietor with no employees. Myfreetaxes 2013 If your plan's contribution rate is 10% of a participant's compensation, your rate is 0. Myfreetaxes 2013 090909. Myfreetaxes 2013 Enter this rate in step 4 of the Deduction Worksheet for Self-Employed on this page. Myfreetaxes 2013 Deduction Worksheet for Self-Employed   Step 1           Enter your net profit from line 31, Schedule C (Form 1040); line 3, Schedule C-EZ (Form 1040); line 34, Schedule F (Form 1040)*; or box 14, code A**, Schedule K-1 (Form 1065)*. Myfreetaxes 2013 For information on other income included in net profit from self-employment, see the Instructions for Schedule SE, Form 1040. Myfreetaxes 2013       *Reduce this amount by any amount reported on Schedule SE (Form 1040), line 1b. Myfreetaxes 2013       **General partners should reduce this amount by the same additional expenses subtracted from box 14, code A to determine the amount on line 1 or 2 of Schedule SE. Myfreetaxes 2013     Step 2           Enter your deduction for self-employment tax from Form 1040, line 27             Step 3           Net earnings from self-employment. Myfreetaxes 2013 Subtract step 2 from step 1     Step 4           Enter your rate from the Rate Table for Self-Employed or Rate Worksheet for Self-Employed     Step 5           Multiply step 3 by step 4     Step 6           Multiply $255,000 by your plan contribution rate (not the reduced rate)     Step 7           Enter the smaller of step 5 or step 6     Step 8           Contribution dollar limit $51,000     • If you made any elective deferrals to your self-employed plan, go to step 9. Myfreetaxes 2013         • Otherwise, skip steps 9 through 20 and enter the smaller of step 7 or step 8 on step 21. Myfreetaxes 2013       Step 9           Enter your allowable elective deferrals (including designated Roth contributions) made to your self-employed plan during 2013. Myfreetaxes 2013 Do not enter more than $17,500     Step 10           Subtract step 9 from step 8     Step 11           Subtract step 9 from step 3       Step 12           Enter one-half of step 11     Step 13           Enter the smallest of step 7, 10, or 12     Step 14           Subtract step 13 from step 3     Step 15           Enter the smaller of step 9 or step 14       • If you made catch-up contributions, go to step 16. Myfreetaxes 2013         • Otherwise, skip steps 16 through 18 and go to step 19. Myfreetaxes 2013       Step 16           Subtract step 15 from step 14     Step 17           Enter your catch-up contributions (including designated Roth contributions), if any. Myfreetaxes 2013 Do not enter more than $5,500     Step 18           Enter the smaller of step 16 or step 17     Step 19           Add steps 13, 15, and 18. Myfreetaxes 2013     Step 20           Enter the amount of designated Roth contributions included on lines 9 and 17. Myfreetaxes 2013     Step 21           Subtract step 20 from step 19. Myfreetaxes 2013 This is your maximum deductible contribution. Myfreetaxes 2013                 Next: Enter your actual contribution, not to exceed your maximum deductible contribution, on Form 1040, line 28. Myfreetaxes 2013   Rate worksheet for self-employed. Myfreetaxes 2013   If your plan's contribution rate is not a whole percentage (for example, 10½%), you cannot use the Rate Table for Self-Employed. Myfreetaxes 2013 Use the following worksheet instead. Myfreetaxes 2013 Rate Worksheet for Self-Employed 1) Plan contribution rate as a decimal (for example, 10½% = 0. Myfreetaxes 2013 105)   2) Rate in line 1 plus 1 (for example, 0. Myfreetaxes 2013 105 + 1 = 1. Myfreetaxes 2013 105)   3) Self-employed rate as a decimal rounded to at least 3 decimal places (line 1 ÷ line 2) (for example, 0. Myfreetaxes 2013 105 ÷ 1. Myfreetaxes 2013 105 = 0. Myfreetaxes 2013 095)   Figuring your deduction. Myfreetaxes 2013   Now that you have your self-employed rate from either the rate table or rate worksheet, you can figure your maximum deduction for contributions for yourself by completing the Deduction Worksheet for Self-Employed. Myfreetaxes 2013 Community property laws. Myfreetaxes 2013   If you reside in a community property state and you are married and filing a separate return, disregard community property laws for step 1 of the Deduction Worksheet for Self-Employed. Myfreetaxes 2013 Enter on step 1 the total net profit you actually earned. Myfreetaxes 2013 Rate Table for Self-Employed Column A  If the plan contri- bution rate is: (shown as %) Column B  Your rate is: (shown as decimal) 1 . Myfreetaxes 2013 009901 2 . Myfreetaxes 2013 019608 3 . Myfreetaxes 2013 029126 4 . Myfreetaxes 2013 038462 5 . Myfreetaxes 2013 047619 6 . Myfreetaxes 2013 056604 7 . Myfreetaxes 2013 065421 8 . Myfreetaxes 2013 074074 9 . Myfreetaxes 2013 082569 10 . Myfreetaxes 2013 090909 11 . Myfreetaxes 2013 099099 12 . Myfreetaxes 2013 107143 13 . Myfreetaxes 2013 115044 14 . Myfreetaxes 2013 122807 15 . Myfreetaxes 2013 130435 16 . Myfreetaxes 2013 137931 17 . Myfreetaxes 2013 145299 18 . Myfreetaxes 2013 152542 19 . Myfreetaxes 2013 159664 20 . Myfreetaxes 2013 166667 21 . Myfreetaxes 2013 173554 22 . Myfreetaxes 2013 180328 23 . Myfreetaxes 2013 186992 24 . Myfreetaxes 2013 193548 25* . Myfreetaxes 2013 200000* *The deduction for annual employer contributions (other than elective deferrals) to a SEP plan, a profit-sharing plan, or a money purchase plan cannot be more than 20% of your net earnings (figured without deducting contributions for yourself) from the business that has the plan. Myfreetaxes 2013 Example. Myfreetaxes 2013 You are a sole proprietor with no employees. Myfreetaxes 2013 The terms of your plan provide that you contribute 8½% (. Myfreetaxes 2013 085) of your compensation to your plan. Myfreetaxes 2013 Your net profit from line 31, Schedule C (Form 1040) is $200,000. Myfreetaxes 2013 You have no elective deferrals or catch-up contributions. Myfreetaxes 2013 Your self-employment tax deduction on line 27 of Form 1040 is $9,728. Myfreetaxes 2013 See the filled-in portions of both Schedule SE (Form 1040), Self-Employment Income, and Form 1040, later. Myfreetaxes 2013 You figure your self-employed rate and maximum deduction for employer contributions you made for yourself as follows. Myfreetaxes 2013 Deduction Worksheet for Self-Employed   Step 1           Enter your net profit from line 31, Schedule C (Form 1040); line 3, Schedule C-EZ (Form 1040); line 34, Schedule F (Form 1040)*; or box 14, code A**, Schedule K-1 (Form 1065)*. Myfreetaxes 2013 For information on other income included in net profit from self-employment, see the Instructions for Schedule SE, Form 1040. Myfreetaxes 2013 $200,000     *Reduce this amount by any amount reported on Schedule SE (Form 1040), line 1b. Myfreetaxes 2013       **General partners should reduce this amount by the same additional expenses subtracted from box 14, code A to determine the amount on line 1 or 2 of Schedule SE. Myfreetaxes 2013     Step 2           Enter your deduction for self-employment tax from Form 1040, line 27 9,728           Step 3           Net earnings from self-employment. Myfreetaxes 2013 Subtract step 2 from step 1 190,272   Step 4           Enter your rate from the Rate Table for Self-Employed or Rate Worksheet for Self-Employed 0. Myfreetaxes 2013 078   Step 5           Multiply step 3 by step 4 14,841   Step 6           Multiply $255,000 by your plan contribution rate (not the reduced rate) 21,675   Step 7           Enter the smaller of step 5 or step 6 14,841   Step 8           Contribution dollar limit $51,000     • If you made any elective deferrals to your self-employed plan, go to step 9. Myfreetaxes 2013         • Otherwise, skip steps 9 through 20 and enter the smaller of step 7 or step 8 on step 21. Myfreetaxes 2013       Step 9           Enter your allowable elective deferrals (including designated Roth contributions) made to your self-employed plan during 2013. Myfreetaxes 2013 Do not enter more than $17,500 N/A   Step 10           Subtract step 9 from step 8     Step 11           Subtract step 9 from step 3       Step 12           Enter one-half of step 11     Step 13           Enter the smallest of step 7, 10, or 12     Step 14           Subtract step 13 from step 3     Step 15           Enter the smaller of step 9 or step 14       • If you made catch-up contributions, go to step 16. Myfreetaxes 2013         • Otherwise, skip steps 16 through 18 and go to step 19. Myfreetaxes 2013       Step 16           Subtract step 15 from step 14     Step 17           Enter your catch-up contributions (including designated Roth contributions), if any. Myfreetaxes 2013 Do not enter more than $5,500     Step 18           Enter the smaller of step 16 or step 17     Step 19           Add steps 13, 15, and 18. Myfreetaxes 2013     Step 20           Enter the amount of designated Roth contributions included on lines 9 and 17     Step 21           Subtract step 20 from step 19. Myfreetaxes 2013 This is your maximum deductible contribution $14,841                 Next: Enter your actual contribution, not to exceed your maximum deductible contribution, on Form 1040, line 28. Myfreetaxes 2013   See the filled-in Deduction Worksheet for Self-Employed on this page. Myfreetaxes 2013 Rate Worksheet for Self-Employed 1) Plan contribution rate as a decimal (for example, 10½% = 0. Myfreetaxes 2013 105) 0. Myfreetaxes 2013 085 2) Rate in line 1 plus 1 (for example, 0. Myfreetaxes 2013 105 + 1 = 1. Myfreetaxes 2013 105) 1. Myfreetaxes 2013 085 3) Self-employed rate as a decimal rounded to at least 3 decimal places (line 1 ÷ line 2) (for example, 0. Myfreetaxes 2013 105 ÷ 1. Myfreetaxes 2013 105 = 0. Myfreetaxes 2013 095) 0. Myfreetaxes 2013 078 This image is too large to be displayed in the current screen. Myfreetaxes 2013 Please click the link to view the image. Myfreetaxes 2013 Portion of Form 1040 and Portion of Schedule SE Prev  Up  Next   Home   More Online Publications