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

State Tax Forms To Print Out

H And R Block Online FilingDownload 1040xTax Return 2013How Do I Refile My TaxesFree State Tax PreparationH&r Block Efile FreeForm 1040ez 2012Tax Forms 1040ez 2014Handr BlockAmendment Form 1040xH And R Block File For FreeFile Income Tax OnlineHow To File Amended Tax Return For 2010How To File My 2012 TaxesFile 2012 Taxes H&r Block1040ez 2010 Tax Form1040ez 2012 FormState Income Tax FilingTax Preparation SoftwareIndiana State Tax Forms 2011Turbo Tax 1040ezIllinois 1040ezFree 2012 Tax FormsSample 1040ezTurbo State Tax FreeTaxslayer LoginOnline Taxes HrblockState Tax Forms 20122011 1040 Ez Tax FormsHow To File State Taxes Only For FreeTurbo Tax For 2012 Sign InHappens If I Didn't File Taxes Last YearColorado Amended Tax Return 2011File 2006 TaxesWhere Can I Do My Taxes For Free OnlineH & R BlockFree File Free 1040 Tax ReturnIrs Gov E File2012 Federal Tax Form 10401040ez Forms

State Tax Forms To Print Out

State tax forms to print out 17. State tax forms to print out   Individual Retirement Arrangements (IRAs) Table of Contents What's New Reminders Introduction Useful Items - You may want to see: Traditional IRAsWho Can Open a Traditional IRA? When and How Can a Traditional IRA Be Opened? How Much Can Be Contributed? When Can Contributions Be Made? How Much Can You Deduct? Nondeductible Contributions Inherited IRAs Can You Move Retirement Plan Assets? When Can You Withdraw or Use IRA Assets? When Must You Withdraw IRA Assets? (Required Minimum Distributions) Are Distributions Taxable? What Acts Result in Penalties or Additional Taxes? Roth IRAsWhat Is a Roth IRA? When Can a Roth IRA Be Opened? Can You Contribute to a Roth IRA? Can You Move Amounts Into a Roth IRA? Are Distributions Taxable? What's New Traditional IRA contribution and deduction limit. State tax forms to print out  The contribution limit to your traditional IRA for 2013 will be increased to the smaller of the following amounts: $5,500, or Your taxable compensation for the year. State tax forms to print out If you were age 50 or older before 2014, the most that can be contributed to your traditional IRA for 2013 will be the smaller of the following amounts: $6,500, or Your taxable compensation for the year. State tax forms to print out For more information, see How Much Can Be Contributed? later. State tax forms to print out Roth IRA contribution limit. State tax forms to print out  If contributions on your behalf are made only to Roth IRAs, your contribution limit for 2013 will generally be the lesser of: $5,500, or Your taxable compensation for the year. State tax forms to print out If you were age 50 or older before 2014 and contributions on your behalf were made only to Roth IRAs, your contribution limit for 2013 will generally be the lesser of: $6,500, or Your taxable compensation for the year. State tax forms to print out However, if your modified adjusted gross income (AGI) is above a certain amount, your contribution limit may be reduced. State tax forms to print out For more information, see How Much Can Be Contributed? under Can You Contribute to a Roth IRA? later. State tax forms to print out Modified AGI limit for traditional IRA contributions increased. State tax forms to print out  For 2013, if you were covered by a retirement plan at work, your deduction for contributions to a traditional IRA is reduced (phased out) if your modified AGI is: More than $95,000 but less than $115,000 for a married couple filing a joint return or a qualifying widow(er), More than $59,000 but less than $69,000 for a single individual or head of household, or Less than $10,000 for a married individual filing a separate return. State tax forms to print out If you either lived with your spouse or file a joint return, and your spouse was covered by a retirement plan at work, but you were not, your deduction is phased out if your modified AGI is more than $178,000 but less than $188,000. State tax forms to print out If your modified AGI is $188,000 or more, you cannot take a deduction for contributions to a traditional IRA. State tax forms to print out See How Much Can You Deduct , later. State tax forms to print out Modified AGI limit for Roth IRA contributions increased. State tax forms to print out  For 2013, your Roth IRA contribution limit is reduced (phased out) in the following situations. State tax forms to print out Your filing status is married filing jointly or qualifying widow(er) and your modified AGI is at least $178,000. State tax forms to print out You cannot make a Roth IRA contribution if your modified AGI is $188,000 or more. State tax forms to print out Your filing status is single, head of household, or married filing separately and you did not live with your spouse at any time in 2013 and your modified AGI is at least $112,000. State tax forms to print out You cannot make a Roth IRA contribution if your modified AGI is $127,000 or more. State tax forms to print out Your filing status is married filing separately, you lived with your spouse at any time during the year, and your modified AGI is more than -0-. State tax forms to print out You cannot make a Roth IRA contribution if your modified AGI is $10,000 or more. State tax forms to print out See Can You Contribute to a Roth IRA , later. State tax forms to print out Net Investment Income Tax. State tax forms to print out   For purposes of the Net Investment Income Tax (NIIT), net investment income does not include distributions from a qualified retirement plan including IRAs (for example; 401(a), 403(a), 403(b), 408, 408A, or 457(b) plans). State tax forms to print out However, these distributions are taken into account when determining the modified adjusted gross income threshold. State tax forms to print out Distributions from a nonqualified retirement plan are included in net investment income. State tax forms to print out See Form 8960, Net Investment Income Tax - Individuals, Estates, and Trusts, and its instructions for more information. State tax forms to print out Name change. State tax forms to print out  All spousal IRAs have been renamed Kay Bailey Hutchison Spousal IRAs. State tax forms to print out There are no changes to the rules regarding these IRAs. State tax forms to print out See Kay Bailey Hutchison Spousal IRA Limit , later, for more information. State tax forms to print out Reminders 2014 limits. State tax forms to print out   You can find information about the 2014 contribution and AGI limits in Publication 590. State tax forms to print out Contributions to both traditional and Roth IRAs. State tax forms to print out   For information on your combined contribution limit if you contribute to both traditional and Roth IRAs, see Roth IRAs and traditional IRAs under How Much Can Be Contributed? in Roth IRAs, later. State tax forms to print out Statement of required minimum distribution. State tax forms to print out  If a minimum distribution from your IRA is required, the trustee, custodian, or issuer that held the IRA at the end of the preceding year must either report the amount of the required minimum distribution to you, or offer to calculate it for you. State tax forms to print out The report or offer must include the date by which the amount must be distributed. State tax forms to print out The report is due January 31 of the year in which the minimum distribution is required. State tax forms to print out It can be provided with the year-end fair market value statement that you normally get each year. State tax forms to print out No report is required for IRAs of owners who have died. State tax forms to print out IRA interest. State tax forms to print out  Although interest earned from your IRA is generally not taxed in the year earned, it is not tax-exempt interest. State tax forms to print out Tax on your traditional IRA is generally deferred until you take a distribution. State tax forms to print out Do not report this interest on your tax return as tax-exempt interest. State tax forms to print out Form 8606. State tax forms to print out   To designate contributions as nondeductible, you must file Form 8606, Nondeductible IRAs. State tax forms to print out The term “50 or older” is used several times in this chapter. State tax forms to print out It refers to an IRA owner who is age 50 or older by the end of the tax year. State tax forms to print out Introduction An individual retirement arrangement (IRA) is a personal savings plan that gives you tax advantages for setting aside money for your retirement. State tax forms to print out This chapter discusses the following topics. State tax forms to print out The rules for a traditional IRA (any IRA that is not a Roth or SIMPLE IRA). State tax forms to print out The Roth IRA, which features nondeductible contributions and tax-free distributions. State tax forms to print out Simplified Employee Pensions (SEPs) and Savings Incentive Match Plans for Employees (SIMPLEs) are not discussed in this chapter. State tax forms to print out For more information on these plans and employees' SEP IRAs and SIMPLE IRAs that are part of these plans, see Publications 560 and 590. State tax forms to print out For information about contributions, deductions, withdrawals, transfers, rollovers, and other transactions, see Publication 590. State tax forms to print out Useful Items - You may want to see: Publication 560 Retirement Plans for Small Business 590 Individual Retirement Arrangements (IRAs) Form (and Instructions) 5329 Additional Taxes on Qualified Plans (including IRAs) and Other Tax-Favored Accounts 8606 Nondeductible IRAs Traditional IRAs In this chapter, the original IRA (sometimes called an ordinary or regular IRA) is referred to as a “traditional IRA. State tax forms to print out ” A traditional IRA is any IRA that is not a Roth IRA or a SIMPLE IRA. State tax forms to print out Two advantages of a traditional IRA are: You may be able to deduct some or all of your contributions to it, depending on your circumstances, and Generally, amounts in your IRA, including earnings and gains, are not taxed until they are distributed. State tax forms to print out Who Can Open a Traditional IRA? You can open and make contributions to a traditional IRA if: You (or, if you file a joint return, your spouse) received taxable compensation during the year, and You were not age 70½ by the end of the year. State tax forms to print out What is compensation?   Generally, compensation is what you earn from working. State tax forms to print out Compensation includes wages, salaries, tips, professional fees, bonuses, and other amounts you receive for providing personal services. State tax forms to print out The IRS treats as compensation any amount properly shown in box 1 (Wages, tips, other compensation) of Form W-2, Wage and Tax Statement, provided that amount is reduced by any amount properly shown in box 11 (Nonqualified plans). State tax forms to print out   Scholarship and fellowship payments are compensation for this purpose only if shown in box 1 of Form W-2. State tax forms to print out   Compensation also includes commissions and taxable alimony and separate maintenance payments. State tax forms to print out Self-employment income. State tax forms to print out   If you are self-employed (a sole proprietor or a partner), compensation is the net earnings from your trade or business (provided your personal services are a material income-producing factor) reduced by the total of: The deduction for contributions made on your behalf to retirement plans, and The deductible part of your self-employment tax. State tax forms to print out   Compensation includes earnings from self-employment even if they are not subject to self-employment tax because of your religious beliefs. State tax forms to print out Nontaxable combat pay. State tax forms to print out   For IRA purposes, if you were a member of the U. State tax forms to print out S. State tax forms to print out Armed Forces, your compensation includes any nontaxable combat pay you receive. State tax forms to print out What is not compensation?   Compensation does not include any of the following items. State tax forms to print out Earnings and profits from property, such as rental income, interest income, and dividend income. State tax forms to print out Pension or annuity income. State tax forms to print out Deferred compensation received (compensation payments postponed from a past year). State tax forms to print out Income from a partnership for which you do not provide services that are a material income-producing factor. State tax forms to print out Conservation Reserve Program (CRP) payments reported on Schedule SE (Form 1040), line 1b. State tax forms to print out Any amounts (other than combat pay) you exclude from income, such as foreign earned income and housing costs. State tax forms to print out When and How Can a Traditional IRA Be Opened? You can open a traditional IRA at any time. State tax forms to print out However, the time for making contributions for any year is limited. State tax forms to print out See When Can Contributions Be Made , later. State tax forms to print out You can open different kinds of IRAs with a variety of organizations. State tax forms to print out You can open an IRA at a bank or other financial institution or with a mutual fund or life insurance company. State tax forms to print out You can also open an IRA through your stockbroker. State tax forms to print out Any IRA must meet Internal Revenue Code requirements. State tax forms to print out Kinds of traditional IRAs. State tax forms to print out   Your traditional IRA can be an individual retirement account or annuity. State tax forms to print out It can be part of either a simplified employee pension (SEP) or an employer or employee association trust account. State tax forms to print out How Much Can Be Contributed? There are limits and other rules that affect the amount that can be contributed to a traditional IRA. State tax forms to print out These limits and other rules are explained below. State tax forms to print out Community property laws. State tax forms to print out   Except as discussed later under Kay Bailey Hutchison Spousal IRA limit , each spouse figures his or her limit separately, using his or her own compensation. State tax forms to print out This is the rule even in states with community property laws. State tax forms to print out Brokers' commissions. State tax forms to print out   Brokers' commissions paid in connection with your traditional IRA are subject to the contribution limit. State tax forms to print out Trustees' fees. State tax forms to print out   Trustees' administrative fees are not subject to the contribution limit. State tax forms to print out Qualified reservist repayments. State tax forms to print out   If you are (or were) a member of a reserve component and you were ordered or called to active duty after September 11, 2001, you may be able to contribute (repay) to an IRA amounts equal to any qualified reservist distributions you received. State tax forms to print out You can make these repayment contributions even if they would cause your total contributions to the IRA to be more than the general limit on contributions. State tax forms to print out To be eligible to make these repayment contributions, you must have received a qualified reservist distribution from an IRA or from a section 401(k) or 403(b) plan or similar arrangement. State tax forms to print out   For more information, see Qualified reservist repayments under How Much Can Be Contributed? in chapter 1 of Publication 590. State tax forms to print out Contributions on your behalf to a traditional IRA reduce your limit for contributions to a Roth IRA. State tax forms to print out (See Roth IRAs, later. State tax forms to print out ) General limit. State tax forms to print out   For 2013, the most that can be contributed to your traditional IRA generally is the smaller of the following amounts. State tax forms to print out $5,500 ($6,500 if you are 50 or older). State tax forms to print out Your taxable compensation (defined earlier) for the year. State tax forms to print out This is the most that can be contributed regardless of whether the contributions are to one or more traditional IRAs or whether all or part of the contributions are nondeductible. State tax forms to print out (See Nondeductible Contributions , later. State tax forms to print out ) Qualified reservist repayments do not affect this limit. State tax forms to print out Example 1. State tax forms to print out Betty, who is 34 years old and single, earned $24,000 in 2013. State tax forms to print out Her IRA contributions for 2013 are limited to $5,500. State tax forms to print out Example 2. State tax forms to print out John, an unmarried college student working part time, earned $3,500 in 2013. State tax forms to print out His IRA contributions for 2013 are limited to $3,500, the amount of his compensation. State tax forms to print out Kay Bailey Hutchison Spousal IRA limit. State tax forms to print out   For 2013, if you file a joint return and your taxable compensation is less than that of your spouse, the most that can be contributed for the year to your IRA is the smaller of the following amounts. State tax forms to print out $5,500 ($6,500 if you are 50 or older). State tax forms to print out The total compensation includible in the gross income of both you and your spouse for the year, reduced by the following two amounts. State tax forms to print out Your spouse's IRA contribution for the year to a traditional IRA. State tax forms to print out Any contribution for the year to a Roth IRA on behalf of your spouse. State tax forms to print out This means that the total combined contributions that can be made for the year to your IRA and your spouse's IRA can be as much as $11,000 ($12,000 if only one of you is 50 or older, or $13,000 if both of you are 50 or older). State tax forms to print out When Can Contributions Be Made? As soon as you open your traditional IRA, contributions can be made to it through your chosen sponsor (trustee or other administrator). State tax forms to print out Contributions must be in the form of money (cash, check, or money order). State tax forms to print out Property cannot be contributed. State tax forms to print out Contributions must be made by due date. State tax forms to print out   Contributions can be made to your traditional IRA for a year at any time during the year or by the due date for filing your return for that year, not including extensions. State tax forms to print out Age 70½ rule. State tax forms to print out   Contributions cannot be made to your traditional IRA for the year in which you reach age 70½ or for any later year. State tax forms to print out   You attain age 70½ on the date that is 6 calendar months after the 70th anniversary of your birth. State tax forms to print out If you were born on or before June 30, 1943, you cannot contribute for 2013 or any later year. State tax forms to print out Designating year for which contribution is made. State tax forms to print out   If an amount is contributed to your traditional IRA between January 1 and April 15, you should tell the sponsor which year (the current year or the previous year) the contribution is for. State tax forms to print out If you do not tell the sponsor which year it is for, the sponsor can assume, and report to the IRS, that the contribution is for the current year (the year the sponsor received it). State tax forms to print out Filing before a contribution is made. State tax forms to print out   You can file your return claiming a traditional IRA contribution before the contribution is actually made. State tax forms to print out Generally, the contribution must be made by the due date of your return, not including extensions. State tax forms to print out Contributions not required. State tax forms to print out   You do not have to contribute to your traditional IRA for every tax year, even if you can. State tax forms to print out How Much Can You Deduct? Generally, you can deduct the lesser of: The contributions to your traditional IRA for the year, or The general limit (or the Kay Bailey Hutchison Spousal IRA limit, if it applies). State tax forms to print out However, if you or your spouse was covered by an employer retirement plan, you may not be able to deduct this amount. State tax forms to print out See Limit If Covered by Employer Plan , later. State tax forms to print out You may be able to claim a credit for contributions to your traditional IRA. State tax forms to print out For more information, see chapter 37. State tax forms to print out Trustees' fees. State tax forms to print out   Trustees' administrative fees that are billed separately and paid in connection with your traditional IRA are not deductible as IRA contributions. State tax forms to print out However, they may be deductible as a miscellaneous itemized deduction on Schedule A (Form 1040). State tax forms to print out See chapter 28. State tax forms to print out Brokers' commissions. State tax forms to print out   Brokers' commissions are part of your IRA contribution and, as such, are deductible subject to the limits. State tax forms to print out Full deduction. State tax forms to print out   If neither you nor your spouse was covered for any part of the year by an employer retirement plan, you can take a deduction for total contributions to one or more traditional IRAs of up to the lesser of: $5,500 ($6,500 if you are age 50 or older in 2013). State tax forms to print out 100% of your compensation. State tax forms to print out This limit is reduced by any contributions made to a 501(c)(18) plan on your behalf. State tax forms to print out Kay Bailey Hutchison Spousal IRA. State tax forms to print out   In the case of a married couple with unequal compensation who file a joint return, the deduction for contributions to the traditional IRA of the spouse with less compensation is limited to the lesser of the following amounts. State tax forms to print out $5,500 ($6,500 if the spouse with the lower compensation is age 50 or older in 2013). State tax forms to print out The total compensation includible in the gross income of both spouses for the year reduced by the following three amounts. State tax forms to print out The IRA deduction for the year of the spouse with the greater compensation. State tax forms to print out Any designated nondeductible contribution for the year made on behalf of the spouse with the greater compensation. State tax forms to print out Any contributions for the year to a Roth IRA on behalf of the spouse with the greater compensation. State tax forms to print out This limit is reduced by any contributions to a 501(c)(18) plan on behalf of the spouse with the lesser compensation. State tax forms to print out Note. State tax forms to print out If you were divorced or legally separated (and did not remarry) before the end of the year, you cannot deduct any contributions to your spouse's IRA. State tax forms to print out After a divorce or legal separation, you can deduct only contributions to your own IRA. State tax forms to print out Your deductions are subject to the rules for single individuals. State tax forms to print out Covered by an employer retirement plan. State tax forms to print out   If you or your spouse was covered by an employer retirement plan at any time during the year for which contributions were made, your deduction may be further limited. State tax forms to print out This is discussed later under Limit If Covered by Employer Plan . State tax forms to print out Limits on the amount you can deduct do not affect the amount that can be contributed. State tax forms to print out See Nondeductible Contributions , later. State tax forms to print out Are You Covered by an Employer Plan? The Form W-2 you receive from your employer has a box used to indicate whether you were covered for the year. State tax forms to print out The “Retirement plan” box should be checked if you were covered. State tax forms to print out Reservists and volunteer firefighters should also see Situations in Which You Are Not Covered by an Employer Plan , later. State tax forms to print out If you are not certain whether you were covered by your employer's retirement plan, you should ask your employer. State tax forms to print out Federal judges. State tax forms to print out   For purposes of the IRA deduction, federal judges are covered by an employer retirement plan. State tax forms to print out For Which Year(s) Are You Covered by an Employer Plan? Special rules apply to determine the tax years for which you are covered by an employer plan. State tax forms to print out These rules differ depending on whether the plan is a defined contribution plan or a defined benefit plan. State tax forms to print out Tax year. State tax forms to print out   Your tax year is the annual accounting period you use to keep records and report income and expenses on your income tax return. State tax forms to print out For almost all people, the tax year is the calendar year. State tax forms to print out Defined contribution plan. State tax forms to print out   Generally, you are covered by a defined contribution plan for a tax year if amounts are contributed or allocated to your account for the plan year that ends with or within that tax year. State tax forms to print out   A defined contribution plan is a plan that provides for a separate account for each person covered by the plan. State tax forms to print out Types of defined contribution plans include profit-sharing plans, stock bonus plans, and money purchase pension plans. State tax forms to print out Defined benefit plan. State tax forms to print out   If you are eligible to participate in your employer's defined benefit plan for the plan year that ends within your tax year, you are covered by the plan. State tax forms to print out This rule applies even if you: Declined to participate in the plan, Did not make a required contribution, or Did not perform the minimum service required to accrue a benefit for the year. State tax forms to print out   A defined benefit plan is any plan that is not a defined contribution plan. State tax forms to print out Defined benefit plans include pension plans and annuity plans. State tax forms to print out No vested interest. State tax forms to print out   If you accrue a benefit for a plan year, you are covered by that plan even if you have no vested interest in (legal right to) the accrual. State tax forms to print out Situations in Which You Are Not Covered by an Employer Plan Unless you are covered under another employer plan, you are not covered by an employer plan if you are in one of the situations described below. State tax forms to print out Social security or railroad retirement. State tax forms to print out   Coverage under social security or railroad retirement is not coverage under an employer retirement plan. State tax forms to print out Benefits from a previous employer's plan. State tax forms to print out   If you receive retirement benefits from a previous employer's plan, you are not covered by that plan. State tax forms to print out Reservists. State tax forms to print out   If the only reason you participate in a plan is because you are a member of a reserve unit of the armed forces, you may not be covered by the plan. State tax forms to print out You are not covered by the plan if both of the following conditions are met. State tax forms to print out The plan you participate in is established for its employees by: The United States, A state or political subdivision of a state, or An instrumentality of either (a) or (b) above. State tax forms to print out You did not serve more than 90 days on active duty during the year (not counting duty for training). State tax forms to print out Volunteer firefighters. State tax forms to print out   If the only reason you participate in a plan is because you are a volunteer firefighter, you may not be covered by the plan. State tax forms to print out You are not covered by the plan if both of the following conditions are met. State tax forms to print out The plan you participate in is established for its employees by: The United States, A state or political subdivision of a state, or An instrumentality of either (a) or (b) above. State tax forms to print out Your accrued retirement benefits at the beginning of the year will not provide more than $1,800 per year at retirement. State tax forms to print out Limit If Covered by Employer Plan If either you or your spouse was covered by an employer retirement plan, you may be entitled to only a partial (reduced) deduction or no deduction at all, depending on your income and your filing status. State tax forms to print out Your deduction begins to decrease (phase out) when your income rises above a certain amount and is eliminated altogether when it reaches a higher amount. State tax forms to print out These amounts vary depending on your filing status. State tax forms to print out To determine if your deduction is subject to phaseout, you must determine your modified adjusted gross income (AGI) and your filing status. State tax forms to print out See Filing status and Modified adjusted gross income (AGI) , later. State tax forms to print out Then use Table 17-1 or 17-2 to determine if the phaseout applies. State tax forms to print out Social security recipients. State tax forms to print out   Instead of using Table 17-1 or Table 17-2, use the worksheets in Appendix B of Publication 590 if, for the year, all of the following apply. State tax forms to print out You received social security benefits. State tax forms to print out You received taxable compensation. State tax forms to print out Contributions were made to your traditional IRA. State tax forms to print out You or your spouse was covered by an employer retirement plan. State tax forms to print out Use those worksheets to figure your IRA deduction, your nondeductible contribution, and the taxable portion, if any, of your social security benefits. State tax forms to print out Deduction phaseout. State tax forms to print out   If you were covered by an employer retirement plan and you did not receive any social security retirement benefits, your IRA deduction may be reduced or eliminated depending on your filing status and modified AGI as shown in Table 17-1. State tax forms to print out Table 17-1. State tax forms to print out Effect of Modified AGI1 on Deduction if You Are Covered by Retirement Plan at Work If you are covered by a retirement plan at work, use this table to determine if your modified AGI affects the amount of your deduction. State tax forms to print out IF your filing status is. State tax forms to print out . State tax forms to print out . State tax forms to print out   AND your modified AGI is. State tax forms to print out . State tax forms to print out . State tax forms to print out   THEN you can take. State tax forms to print out . State tax forms to print out . State tax forms to print out single   or  head of household   $59,000 or less   a full deduction. State tax forms to print out   more than $59,000 but less than $69,000   a partial deduction. State tax forms to print out   $69,000 or more   no deduction. State tax forms to print out married filing jointly   or  qualifying widow(er)   $95,000 or less   a full deduction. State tax forms to print out   more than $95,000 but less than $115,000   a partial deduction. State tax forms to print out   $115,000 or more   no deduction. State tax forms to print out married filing separately2   less than $10,000   a partial deduction. State tax forms to print out   $10,000 or more   no deduction. State tax forms to print out 1Modified AGI (adjusted gross income). State tax forms to print out See Modified adjusted gross income (AGI) . State tax forms to print out 2If you did not live with your spouse at any time during the year, your filing status is considered Single for this purpose (therefore, your IRA deduction is determined under the “Single” column). State tax forms to print out If your spouse is covered. State tax forms to print out   If you are not covered by an employer retirement plan, but your spouse is, and you did not receive any social security benefits, your IRA deduction may be reduced or eliminated entirely depending on your filing status and modified AGI as shown in Table 17-2. State tax forms to print out Filing status. State tax forms to print out   Your filing status depends primarily on your marital status. State tax forms to print out For this purpose, you need to know if your filing status is single or head of household, married filing jointly or qualifying widow(er), or married filing separately. State tax forms to print out If you need more information on filing status, see chapter 2. State tax forms to print out Lived apart from spouse. State tax forms to print out   If you did not live with your spouse at any time during the year and you file a separate return, your filing status, for this purpose, is single. State tax forms to print out Table 17-2. State tax forms to print out Effect of Modified AGI1 on Deduction if You Are NOT Covered by Retirement Plan at Work If you are not covered by a retirement plan at work, use this table to determine if your modified AGI affects the amount of your deduction. State tax forms to print out IF your filing status is. State tax forms to print out . State tax forms to print out . State tax forms to print out   AND your modified AGI is. State tax forms to print out . State tax forms to print out . State tax forms to print out   THEN you can take. State tax forms to print out . State tax forms to print out . State tax forms to print out single, head of household, or qualifying widow(er)   any amount   a full deduction. State tax forms to print out married filing jointly or separately with a spouse who is not covered by a plan at work   any amount   a full deduction. State tax forms to print out married filing jointly with a spouse who is covered by a plan at work   $178,000 or less   a full deduction. State tax forms to print out   more than $178,000 but less than $188,000   a partial deduction. State tax forms to print out   $188,000 or more   no deduction. State tax forms to print out married filing separately with a spouse who is covered by a plan at work2   less than $10,000   a partial deduction. State tax forms to print out   $10,000 or more   no deduction. State tax forms to print out 1Modified AGI (adjusted gross income). State tax forms to print out See Modified adjusted gross income (AGI) . State tax forms to print out 2You are entitled to the full deduction if you did not live with your spouse at any time during the year. State tax forms to print out Modified adjusted gross income (AGI). State tax forms to print out   How you figure your modified AGI depends on whether you are filing Form 1040 or Form 1040A. State tax forms to print out If you made contributions to your IRA for 2013 and received a distribution from your IRA in 2013, see Publication 590. State tax forms to print out You may be able to use Worksheet 17-1 to figure your modified AGI. State tax forms to print out    Do not assume that your modified AGI is the same as your compensation. State tax forms to print out Your modified AGI may include income in addition to your compensation (discussed earlier), such as interest, dividends, and income from IRA distributions. State tax forms to print out Form 1040. State tax forms to print out   If you file Form 1040, refigure the amount on the page 1 “adjusted gross income” line without taking into account any of the following eight amounts. State tax forms to print out IRA deduction. State tax forms to print out Student loan interest deduction. State tax forms to print out Tuition and fees deduction. State tax forms to print out Domestic production activities deduction. State tax forms to print out Foreign earned income exclusion. State tax forms to print out Foreign housing exclusion or deduction. State tax forms to print out Exclusion of qualified savings bond interest shown on Form 8815, Exclusion of Interest From Series EE and I U. State tax forms to print out S. State tax forms to print out Savings Bonds Issued After 1989. State tax forms to print out Exclusion of employer-provided adoption benefits shown on Form 8839, Qualified Adoption Expenses. State tax forms to print out This is your modified AGI. State tax forms to print out Form 1040A. State tax forms to print out   If you file Form 1040A, refigure the amount on the page 1 “adjusted gross income” line without taking into account any of the following amounts. State tax forms to print out IRA deduction. State tax forms to print out Student loan interest deduction. State tax forms to print out Tuition and fees deduction. State tax forms to print out Exclusion of qualified savings bond interest shown on Form 8815. State tax forms to print out This is your modified AGI. State tax forms to print out Both contributions for 2013 and distributions in 2013. State tax forms to print out   If all three of the following apply, any IRA distributions you received in 2013 may be partly tax free and partly taxable. State tax forms to print out You received distributions in 2013 from one or more traditional IRAs. State tax forms to print out You made contributions to a traditional IRA for 2013. State tax forms to print out Some of those contributions may be nondeductible contributions. State tax forms to print out If this is your situation, you must figure the taxable part of the traditional IRA distribution before you can figure your modified AGI. State tax forms to print out To do this, you can use Worksheet 1-5, Figuring the Taxable Part of Your IRA Distribution, in Publication 590. State tax forms to print out   If at least one of the above does not apply, figure your modified AGI using Worksheet 17-1, later. State tax forms to print out    How to figure your reduced IRA deduction. State tax forms to print out   You can figure your reduced IRA deduction for either Form 1040 or Form 1040A by using the worksheets in chapter 1 of Publication 590. State tax forms to print out Also, the instructions for Form 1040 and Form 1040A include similar worksheets that you may be able to use instead. State tax forms to print out Worksheet 17-1. State tax forms to print out Figuring Your Modified AGI Use this worksheet to figure your modified adjusted gross income for traditional IRA purposes. State tax forms to print out 1. State tax forms to print out Enter your adjusted gross income (AGI) from Form 1040, line 38, or Form 1040A, line 22, figured without taking into account the amount from Form 1040, line 32, or Form 1040A, line 17 1. State tax forms to print out   2. State tax forms to print out Enter any student loan interest deduction from Form 1040, line 33, or Form 1040A, line 18 2. State tax forms to print out   3. State tax forms to print out Enter any tuition and fees deduction from Form 1040, line 34, or Form 1040A, line 19 3. State tax forms to print out   4. State tax forms to print out Enter any domestic production activities deduction from Form 1040, line 35 4. State tax forms to print out   5. State tax forms to print out Enter any foreign earned income and/or housing exclusion from Form 2555, line 45, or Form 2555-EZ, line 18 5. State tax forms to print out   6. State tax forms to print out Enter any foreign housing deduction from Form 2555, line 50 6. State tax forms to print out   7. State tax forms to print out Enter any excludable savings bond interest from Form 8815, line 14 7. State tax forms to print out   8. State tax forms to print out Enter any excluded employer-provided adoption benefits from Form 8839, line 28 8. State tax forms to print out   9. State tax forms to print out Add lines 1 through 8. State tax forms to print out This is your Modified AGI for traditional IRA purposes 9. State tax forms to print out   Reporting Deductible Contributions If you file Form 1040, enter your IRA deduction on line 32 of that form. State tax forms to print out If you file Form 1040A, enter your IRA deduction on line 17. State tax forms to print out You cannot deduct IRA contributions on Form 1040EZ. State tax forms to print out Nondeductible Contributions Although your deduction for IRA contributions may be reduced or eliminated, contributions can be made to your IRA up to the general limit or, if it applies, the Kay Bailey Hutchison Spousal IRA limit. State tax forms to print out The difference between your total permitted contributions and your IRA deduction, if any, is your nondeductible contribution. State tax forms to print out Example. State tax forms to print out Mike is 28 years old and single. State tax forms to print out In 2013, he was covered by a retirement plan at work. State tax forms to print out His salary was $57,312. State tax forms to print out His modified AGI was $70,000. State tax forms to print out Mike made a $5,500 IRA contribution for 2013. State tax forms to print out Because he was covered by a retirement plan and his modified AGI was over $69,000, he cannot deduct his $5,500 IRA contribution. State tax forms to print out He must designate this contribution as a nondeductible contribution by reporting it on Form 8606, as explained next. State tax forms to print out Form 8606. State tax forms to print out   To designate contributions as nondeductible, you must file Form 8606. State tax forms to print out   You do not have to designate a contribution as nondeductible until you file your tax return. State tax forms to print out When you file, you can even designate otherwise deductible contributions as nondeductible. State tax forms to print out   You must file Form 8606 to report nondeductible contributions even if you do not have to file a tax return for the year. State tax forms to print out A Form 8606 is not used for the year that you make a rollover from a qualified retirement plan to a traditional IRA and the rollover includes nontaxable amounts. State tax forms to print out In those situations, a Form 8606 is completed for the year you take a distribution from that IRA. State tax forms to print out See Form 8606 under Distributions Fully or Partly Taxable, later. State tax forms to print out Failure to report nondeductible contributions. State tax forms to print out   If you do not report nondeductible contributions, all of the contributions to your traditional IRA will be treated as deductible contributions when withdrawn. State tax forms to print out All distributions from your IRA will be taxed unless you can show, with satisfactory evidence, that nondeductible contributions were made. State tax forms to print out Penalty for overstatement. State tax forms to print out   If you overstate the amount of nondeductible contributions on your Form 8606 for any tax year, you must pay a penalty of $100 for each overstatement, unless it was due to reasonable cause. State tax forms to print out Penalty for failure to file Form 8606. State tax forms to print out   You will have to pay a $50 penalty if you do not file a required Form 8606, unless you can prove that the failure was due to reasonable cause. State tax forms to print out    Tax on earnings on nondeductible contributions. State tax forms to print out   As long as contributions are within the contribution limits, none of the earnings or gains on contributions (deductible or nondeductible) will be taxed until they are distributed. State tax forms to print out See When Can You Withdraw or Use IRA Assets , later. State tax forms to print out Cost basis. State tax forms to print out   You will have a cost basis in your traditional IRA if you made any nondeductible contributions. State tax forms to print out Your cost basis is the sum of the nondeductible contributions to your IRA minus any withdrawals or distributions of nondeductible contributions. State tax forms to print out Inherited IRAs If you inherit a traditional IRA, you are called a beneficiary. State tax forms to print out A beneficiary can be any person or entity the owner chooses to receive the benefits of the IRA after he or she dies. State tax forms to print out Beneficiaries of a traditional IRA must include in their gross income any taxable distributions they receive. State tax forms to print out Inherited from spouse. State tax forms to print out   If you inherit a traditional IRA from your spouse, you generally have the following three choices. State tax forms to print out You can: Treat it as your own IRA by designating yourself as the account owner. State tax forms to print out Treat it as your own by rolling it over into your IRA, or to the extent it is taxable, into a: Qualified employer plan, Qualified employee annuity plan (section 403(a) plan), Tax-sheltered annuity plan (section 403(b) plan), or Deferred compensation plan of a state or local government (section 457 plan). State tax forms to print out Treat yourself as the beneficiary rather than treating the IRA as your own. State tax forms to print out Treating it as your own. State tax forms to print out   You will be considered to have chosen to treat the IRA as your own if: Contributions (including rollover contributions) are made to the inherited IRA, or You do not take the required minimum distribution for a year as a beneficiary of the IRA. State tax forms to print out You will only be considered to have chosen to treat the IRA as your own if: You are the sole beneficiary of the IRA, and You have an unlimited right to withdraw amounts from it. State tax forms to print out   However, if you receive a distribution from your deceased spouse's IRA, you can roll that distribution over into your own IRA within the 60-day time limit, as long as the distribution is not a required distribution, even if you are not the sole beneficiary of your deceased spouse's IRA. State tax forms to print out Inherited from someone other than spouse. State tax forms to print out   If you inherit a traditional IRA from anyone other than your deceased spouse, you cannot treat the inherited IRA as your own. State tax forms to print out This means that you cannot make any contributions to the IRA. State tax forms to print out It also means you cannot roll over any amounts into or out of the inherited IRA. State tax forms to print out However, you can make a trustee-to-trustee transfer as long as the IRA into which amounts are being moved is set up and maintained in the name of the deceased IRA owner for the benefit of you as beneficiary. State tax forms to print out For more information, see the discussion of inherited IRAs under Rollover From One IRA Into Another, later. State tax forms to print out Can You Move Retirement Plan Assets? You can transfer, tax free, assets (money or property) from other retirement plans (including traditional IRAs) to a traditional IRA. State tax forms to print out You can make the following kinds of transfers. State tax forms to print out Transfers from one trustee to another. State tax forms to print out Rollovers. State tax forms to print out Transfers incident to a divorce. State tax forms to print out Transfers to Roth IRAs. State tax forms to print out   Under certain conditions, you can move assets from a traditional IRA or from a designated Roth account to a Roth IRA. State tax forms to print out You can also move assets from a qualified retirement plan to a Roth IRA. State tax forms to print out See Can You Move Amounts Into a Roth IRA? under Roth IRAs, later. State tax forms to print out Trustee-to-Trustee Transfer A transfer of funds in your traditional IRA from one trustee directly to another, either at your request or at the trustee's request, is not a rollover. State tax forms to print out Because there is no distribution to you, the transfer is tax free. State tax forms to print out Because it is not a rollover, it is not affected by the 1-year waiting period required between rollovers, discussed later under Rollover From One IRA Into Another . State tax forms to print out For information about direct transfers to IRAs from retirement plans other than IRAs, see Can You Move Retirement Plan Assets? in chapter 1 and Can You Move Amounts Into a Roth IRA? in chapter 2 of Publication 590. State tax forms to print out Rollovers Generally, a rollover is a tax-free distribution to you of cash or other assets from one retirement plan that you contribute (roll over) to another retirement plan. State tax forms to print out The contribution to the second retirement plan is called a “rollover contribution. State tax forms to print out ” Note. State tax forms to print out An amount rolled over tax free from one retirement plan to another is generally includible in income when it is distributed from the second plan. State tax forms to print out Kinds of rollovers to a traditional IRA. State tax forms to print out   You can roll over amounts from the following plans into a traditional IRA: A traditional IRA, An employer's qualified retirement plan for its employees, A deferred compensation plan of a state or local government (section 457 plan), or A tax-sheltered annuity plan (section 403(b) plan). State tax forms to print out Treatment of rollovers. State tax forms to print out   You cannot deduct a rollover contribution, but you must report the rollover distribution on your tax return as discussed later under Reporting rollovers from IRAs and under Reporting rollovers from employer plans . State tax forms to print out Kinds of rollovers from a traditional IRA. State tax forms to print out   You may be able to roll over, tax free, a distribution from your traditional IRA into a qualified plan. State tax forms to print out These plans include the federal Thrift Savings Fund (for federal employees), deferred compensation plans of state or local governments (section 457 plans), and tax-sheltered annuity plans (section 403(b) plans). State tax forms to print out The part of the distribution that you can roll over is the part that would otherwise be taxable (includible in your income). State tax forms to print out Qualified plans may, but are not required to, accept such rollovers. State tax forms to print out Time limit for making a rollover contribution. State tax forms to print out   You generally must make the rollover contribution by the 60th day after the day you receive the distribution from your traditional IRA or your employer's plan. State tax forms to print out The IRS may waive the 60-day requirement where the failure to do so would be against equity or good conscience, such as in the event of a casualty, disaster, or other event beyond your reasonable control. State tax forms to print out For more information, see Can You Move Retirement Plan Assets? in chapter 1 of Publication 590. State tax forms to print out Extension of rollover period. State tax forms to print out   If an amount distributed to you from a traditional IRA or a qualified employer retirement plan is a frozen deposit at any time during the 60-day period allowed for a rollover, special rules extend the rollover period. State tax forms to print out For more information, see Can You Move Retirement Plan Assets? in chapter 1 of Publication 590. State tax forms to print out More information. State tax forms to print out   For more information on rollovers, see Can You Move Retirement Plan Assets? in chapter 1 of Publication 590. State tax forms to print out Rollover From One IRA Into Another You can withdraw, tax free, all or part of the assets from one traditional IRA if you reinvest them within 60 days in the same or another traditional IRA. State tax forms to print out Because this is a rollover, you cannot deduct the amount that you reinvest in an IRA. State tax forms to print out Waiting period between rollovers. State tax forms to print out   Generally, if you make a tax-free rollover of any part of a distribution from a traditional IRA, you cannot, within a 1-year period, make a tax-free rollover of any later distribution from that same IRA. State tax forms to print out You also cannot make a tax-free rollover of any amount distributed, within the same 1-year period, from the IRA into which you made the tax-free rollover. State tax forms to print out   The 1-year period begins on the date you receive the IRA distribution, not on the date you roll it over into an IRA. State tax forms to print out Example. State tax forms to print out You have two traditional IRAs, IRA-1 and IRA-2. State tax forms to print out You make a tax-free rollover of a distribution from IRA-1 into a new traditional IRA (IRA-3). State tax forms to print out You cannot, within 1 year of the distribution from IRA-1, make a tax-free rollover of any distribution from either IRA-1 or IRA-3 into another traditional IRA. State tax forms to print out However, the rollover from IRA-1 into IRA-3 does not prevent you from making a tax-free rollover from IRA-2 into any other traditional IRA. State tax forms to print out This is because you have not, within the last year, rolled over, tax free, any distribution from IRA-2 or made a tax-free rollover into IRA-2. State tax forms to print out Exception. State tax forms to print out   For an exception for distributions from failed financial institutions, see Rollover From One IRA Into Another under Can You Move Retirement Plan Assets? in chapter 1 of Publication 590. State tax forms to print out Partial rollovers. State tax forms to print out   If you withdraw assets from a traditional IRA, you can roll over part of the withdrawal tax free and keep the rest of it. State tax forms to print out The amount you keep will generally be taxable (except for the part that is a return of nondeductible contributions). State tax forms to print out The amount you keep may be subject to the 10% additional tax on early distributions, discussed later under What Acts Result in Penalties or Additional Taxes? . State tax forms to print out Required distributions. State tax forms to print out   Amounts that must be distributed during a particular year under the required distribution rules (discussed later) are not eligible for rollover treatment. State tax forms to print out Inherited IRAs. State tax forms to print out   If you inherit a traditional IRA from your spouse, you generally can roll it over, or you can choose to make the inherited IRA your own. State tax forms to print out See Treating it as your own , earlier. State tax forms to print out Not inherited from spouse. State tax forms to print out   If you inherit a traditional IRA from someone other than your spouse, you cannot roll it over or allow it to receive a rollover contribution. State tax forms to print out You must withdraw the IRA assets within a certain period. State tax forms to print out For more information, see When Must You Withdraw Assets? in chapter 1 of Publication 590. State tax forms to print out Reporting rollovers from IRAs. State tax forms to print out   Report any rollover from one traditional IRA to the same or another traditional IRA on lines 15a and 15b, Form 1040, or lines 11a and 11b, Form 1040A, as follows. State tax forms to print out   Enter the total amount of the distribution on Form 1040, line 15a, or Form 1040A, line 11a. State tax forms to print out If the total amount on Form 1040, line 15a, or Form 1040A, line 11a, was rolled over, enter zero on Form 1040, line 15b, or Form 1040A, line 11b. State tax forms to print out If the total distribution was not rolled over, enter the taxable portion of the part that was not rolled over on Form 1040, line 15b, or Form 1040A, line 11b. State tax forms to print out Put “Rollover” next to Form 1040, line 15b, or Form 1040A, line 11b. State tax forms to print out See your tax return instructions. State tax forms to print out   If you rolled over the distribution into a qualified plan (other than an IRA) or you make the rollover in 2014, attach a statement explaining what you did. State tax forms to print out Rollover From Employer's Plan Into an IRA You can roll over into a traditional IRA all or part of an eligible rollover distribution you receive from your (or your deceased spouse's): Employer's qualified pension, profit-sharing, or stock bonus plan; Annuity plan; Tax-sheltered annuity plan (section 403(b) plan); or Governmental deferred compensation plan (section 457 plan). State tax forms to print out A qualified plan is one that meets the requirements of the Internal Revenue Code. State tax forms to print out Eligible rollover distribution. State tax forms to print out   Generally, an eligible rollover distribution is any distribution of all or part of the balance to your credit in a qualified retirement plan except the following. State tax forms to print out A required minimum distribution (explained later under When Must You Withdraw IRA Assets? (Required Minimum Distributions) ). State tax forms to print out A hardship distribution. State tax forms to print out Any of a series of substantially equal periodic distributions paid at least once a year over: Your lifetime or life expectancy, The lifetimes or life expectancies of you and your beneficiary, or A period of 10 years or more. State tax forms to print out Corrective distributions of excess contributions or excess deferrals, and any income allocable to the excess, or of excess annual additions and any allocable gains. State tax forms to print out A loan treated as a distribution because it does not satisfy certain requirements either when made or later (such as upon default), unless the participant's accrued benefits are reduced (offset) to repay the loan. State tax forms to print out Dividends on employer securities. State tax forms to print out The cost of life insurance coverage. State tax forms to print out Any nontaxable amounts that you roll over into your traditional IRA become part of your basis (cost) in your IRAs. State tax forms to print out To recover your basis when you take distributions from your IRA, you must complete Form 8606 for the year of the distribution. State tax forms to print out See Form 8606 under Distributions Fully or Partly Taxable, later. State tax forms to print out Rollover by nonspouse beneficiary. State tax forms to print out   A direct transfer from a deceased employee's qualified pension, profit-sharing, or stock bonus plan; annuity plan; tax-sheltered annuity (section 403(b)) plan; or governmental deferred compensation (section 457) plan to an IRA set up to receive the distribution on your behalf can be treated as an eligible rollover distribution if you are the designated beneficiary of the plan and not the employee's spouse. State tax forms to print out The IRA is treated as an inherited IRA. State tax forms to print out For more information about inherited IRAs, see Inherited IRAs , earlier. State tax forms to print out Reporting rollovers from employer plans. State tax forms to print out    Enter the total distribution (before income tax or other deductions were withheld) on Form 1040, line 16a, or Form 1040A, line 12a. State tax forms to print out This amount should be shown in box 1 of Form 1099-R. State tax forms to print out From this amount, subtract any contributions (usually shown in box 5 of Form 1099-R) that were taxable to you when made. State tax forms to print out From that result, subtract the amount that was rolled over either directly or within 60 days of receiving the distribution. State tax forms to print out Enter the remaining amount, even if zero, on Form 1040, line 16b, or Form 1040A, line 12b. State tax forms to print out Also, enter "Rollover" next to Form 1040, line 16b, or Form 1040A, line 12b. State tax forms to print out Transfers Incident to Divorce If an interest in a traditional IRA is transferred from your spouse or former spouse to you by a divorce or separate maintenance decree or a written document related to such a decree, the interest in the IRA, starting from the date of the transfer, is treated as your IRA. State tax forms to print out The transfer is tax free. State tax forms to print out For detailed information, see Can You Move Retirement Plan Assets? in chapter 1 of Publication 590. State tax forms to print out Converting From Any Traditional IRA to a Roth IRA Allowable conversions. State tax forms to print out   You can withdraw all or part of the assets from a traditional IRA and reinvest them (within 60 days) in a Roth IRA. State tax forms to print out The amount that you withdraw and timely contribute (convert) to the Roth IRA is called a conversion contribution. State tax forms to print out If properly (and timely) rolled over, the 10% additional tax on early distributions will not apply. State tax forms to print out However, a part or all of the conversion contribution from your traditional IRA is included in your gross income. State tax forms to print out Required distributions. State tax forms to print out   You cannot convert amounts that must be distributed from your traditional IRA for a particular year (including the calendar year in which you reach age 70½) under the required distribution rules (discussed later). State tax forms to print out Income. State tax forms to print out   You must include in your gross income distributions from a traditional IRA that you would have had to include in income if you had not converted them into a Roth IRA. State tax forms to print out These amounts are normally included in income on your return for the year that you converted them from a traditional IRA to a Roth IRA. State tax forms to print out   You do not include in gross income any part of a distribution from a traditional IRA that is a return of your basis, as discussed later. State tax forms to print out   You must file Form 8606 to report 2013 conversions from traditional, SEP, or SIMPLE IRAs to a Roth IRA in 2013 (unless you recharacterized the entire amount) and to figure the amount to include in income. State tax forms to print out   If you must include any amount in your gross income, you may have to increase your withholding or make estimated tax payments. State tax forms to print out See chapter 4. State tax forms to print out Recharacterizations You may be able to treat a contribution made to one type of IRA as having been made to a different type of IRA. State tax forms to print out This is called recharacterizing the contribution. State tax forms to print out See Can You Move Retirement Plan Assets? in chapter 1 of Publication 590 for more detailed information. State tax forms to print out How to recharacterize a contribution. State tax forms to print out   To recharacterize a contribution, you generally must have the contribution transferred from the first IRA (the one to which it was made) to the second IRA in a trustee-to-trustee transfer. State tax forms to print out If the transfer is made by the due date (including extensions) for your tax return for the year during which the contribution was made, you can elect to treat the contribution as having been originally made to the second IRA instead of to the first IRA. State tax forms to print out If you recharacterize your contribution, you must do all three of the following. State tax forms to print out Include in the transfer any net income allocable to the contribution. State tax forms to print out If there was a loss, the net income you must transfer may be a negative amount. State tax forms to print out Report the recharacterization on your tax return for the year during which the contribution was made. State tax forms to print out Treat the contribution as having been made to the second IRA on the date that it was actually made to the first IRA. State tax forms to print out No deduction allowed. State tax forms to print out   You cannot deduct the contribution to the first IRA. State tax forms to print out Any net income you transfer with the recharacterized contribution is treated as earned in the second IRA. State tax forms to print out Required notifications. State tax forms to print out   To recharacterize a contribution, you must notify both the trustee of the first IRA (the one to which the contribution was actually made) and the trustee of the second IRA (the one to which the contribution is being moved) that you have elected to treat the contribution as having been made to the second IRA rather than the first. State tax forms to print out You must make the notifications by the date of the transfer. State tax forms to print out Only one notification is required if both IRAs are maintained by the same trustee. State tax forms to print out The notification(s) must include all of the following information. State tax forms to print out The type and amount of the contribution to the first IRA that is to be recharacterized. State tax forms to print out The date on which the contribution was made to the first IRA and the year for which it was made. State tax forms to print out A direction to the trustee of the first IRA to transfer in a trustee-to-trustee transfer the amount of the contribution and any net income (or loss) allocable to the contribution to the trustee of the second IRA. State tax forms to print out The name of the trustee of the first IRA and the name of the trustee of the second IRA. State tax forms to print out Any additional information needed to make the transfer. State tax forms to print out Reporting a recharacterization. State tax forms to print out   If you elect to recharacterize a contribution to one IRA as a contribution to another IRA, you must report the recharacterization on your tax return as directed by Form 8606 and its instructions. State tax forms to print out You must treat the contribution as having been made to the second IRA. State tax forms to print out When Can You Withdraw or Use IRA Assets? There are rules limiting use of your IRA assets and distributions from it. State tax forms to print out Violation of the rules generally results in additional taxes in the year of violation. State tax forms to print out See What Acts Result in Penalties or Additional Taxes , later. State tax forms to print out Contributions returned before the due date of return. State tax forms to print out   If you made IRA contributions in 2013, you can withdraw them tax free by the due date of your return. State tax forms to print out If you have an extension of time to file your return, you can withdraw them tax free by the extended due date. State tax forms to print out You can do this if, for each contribution you withdraw, both of the following conditions apply. State tax forms to print out You did not take a deduction for the contribution. State tax forms to print out You withdraw any interest or other income earned on the contribution. State tax forms to print out You can take into account any loss on the contribution while it was in the IRA when calculating the amount that must be withdrawn. State tax forms to print out If there was a loss, the net income earned on the contribution may be a negative amount. State tax forms to print out Note. State tax forms to print out To calculate the amount you must withdraw, see Worksheet 1-4 under When Can You Withdraw or Use Assets? in chapter 1 of Publication 590. State tax forms to print out Earnings includible in income. State tax forms to print out   You must include in income any earnings on the contributions you withdraw. State tax forms to print out Include the earnings in income for the year in which you made the contributions, not in the year in which you withdraw them. State tax forms to print out Generally, except for any part of a withdrawal that is a return of nondeductible contributions (basis), any withdrawal of your contributions after the due date (or extended due date) of your return will be treated as a taxable distribution. State tax forms to print out Excess contributions can also be recovered tax free as discussed under What Acts Result in Penalties or Additional Taxes?, later. State tax forms to print out    Early distributions tax. State tax forms to print out   The 10% additional tax on distributions made before you reach age 59½ does not apply to these tax-free withdrawals of your contributions. State tax forms to print out However, the distribution of interest or other income must be reported on Form 5329 and, unless the distribution qualifies as an exception to the age 59½ rule, it will be subject to this tax. State tax forms to print out When Must You Withdraw IRA Assets? (Required Minimum Distributions) You cannot keep funds in a traditional IRA indefinitely. State tax forms to print out Eventually they must be distributed. State tax forms to print out If there are no distributions, or if the distributions are not large enough, you may have to pay a 50% excise tax on the amount not distributed as required. State tax forms to print out See Excess Accumulations (Insufficient Distributions) , later. State tax forms to print out The requirements for distributing IRA funds differ depending on whether you are the IRA owner or the beneficiary of a decedent's IRA. State tax forms to print out Required minimum distribution. State tax forms to print out   The amount that must be distributed each year is referred to as the required minimum distribution. State tax forms to print out Required distributions not eligible for rollover. State tax forms to print out   Amounts that must be distributed (required minimum distributions) during a particular year are not eligible for rollover treatment. State tax forms to print out IRA owners. State tax forms to print out   If you are the owner of a traditional IRA, you must generally start receiving distributions from your IRA by April 1 of the year following the year in which you reach age 70½. State tax forms to print out April 1 of the year following the year in which you reach age 70½ is referred to as the required beginning date. State tax forms to print out Distributions by the required beginning date. State tax forms to print out   You must receive at least a minimum amount for each year starting with the year you reach age 70½ (your 70½ year). State tax forms to print out If you do not (or did not) receive that minimum amount in your 70½ year, then you must receive distributions for your 70½ year by April 1 of the next year. State tax forms to print out   If an IRA owner dies after reaching age 70½, but before April 1 of the next year, no minimum distribution is required because death occurred before the required beginning date. State tax forms to print out Even if you begin receiving distributions before you attain age 70½, you must begin calculating and receiving required minimum distributions by your required beginning date. State tax forms to print out Distributions after the required beginning date. State tax forms to print out   The required minimum distribution for any year after the year you turn 70½ must be made by December 31 of that later year. State tax forms to print out    Beneficiaries. State tax forms to print out   If you are the beneficiary of a decedent's traditional IRA, the requirements for distributions from that IRA generally depend on whether the IRA owner died before or after the required beginning date for distributions. State tax forms to print out More information. State tax forms to print out   For more information, including how to figure your minimum required distribution each year and how to figure your required distribution if you are a beneficiary of a decedent's IRA, see When Must You Withdraw Assets? in chapter 1 of Publication 590. State tax forms to print out Are Distributions Taxable? In general, distributions from a traditional IRA are taxable in the year you receive them. State tax forms to print out Exceptions. State tax forms to print out   Exceptions to distributions from traditional IRAs being taxable in the year you receive them are: Rollovers, Qualified charitable distributions (QCD), discussed later, Tax-free withdrawals of contributions, discussed earlier, and The return of nondeductible contributions, discussed later under Distributions Fully or Partly Taxable . State tax forms to print out    Although a conversion of a traditional IRA is considered a rollover for Roth IRA purposes, it is not an exception to the rule that distributions from a traditional IRA are taxable in the year you receive them. State tax forms to print out Conversion distributions are includible in your gross income subject to this rule and the special rules for conversions explained in Converting From Any Traditional IRA Into a Roth IRA under Can You Move Retirement Plan Assets? in chapter 1 of Publication 590. State tax forms to print out Qualified charitable distributions (QCD). State tax forms to print out   A QCD is generally a nontaxable distribution made directly by the trustee of your IRA to an organization eligible to receive tax-deductible contributions. State tax forms to print out Special rules apply if you made a qualified charitable distribution in January 2013 that you elected to treat as made in 2012. State tax forms to print out See Qualified Charitable Distributions in Publication 590 for more information. State tax forms to print out Ordinary income. State tax forms to print out   Distributions from traditional IRAs that you include in income are taxed as ordinary income. State tax forms to print out No special treatment. State tax forms to print out   In figuring your tax, you cannot use the 10-year tax option or capital gain treatment that applies to lump-sum distributions from qualified retirement plans. State tax forms to print out Distributions Fully or Partly Taxable Distributions from your traditional IRA may be fully or partly taxable, depending on whether your IRA includes any nondeductible contributions. State tax forms to print out Fully taxable. State tax forms to print out   If only deductible contributions were made to your traditional IRA (or IRAs, if you have more than one), you have no basis in your IRA. State tax forms to print out Because you have no basis in your IRA, any distributions are fully taxable when received. State tax forms to print out See Reporting taxable distributions on your return , later. State tax forms to print out Partly taxable. State tax forms to print out    If you made nondeductible contributions or rolled over any after-tax amounts to any of your traditional IRAs, you have a cost basis (investment in the contract) equal to the amount of those contributions. State tax forms to print out These nondeductible contributions are not taxed when they are distributed to you. State tax forms to print out They are a return of your investment in your IRA. State tax forms to print out   Only the part of the distribution that represents nondeductible contributions and rolled over after-tax amounts (your cost basis) is tax free. State tax forms to print out If nondeductible contributions have been made or after-tax amounts have been rolled over to your IRA, distributions consist partly of nondeductible contributions (basis) and partly of deductible contributions, earnings, and gains (if there are any). State tax forms to print out Until all of your basis has been distributed, each distribution is partly nontaxable and partly taxable. State tax forms to print out Form 8606. State tax forms to print out   You must complete Form 8606 and attach it to your return if you receive a distribution from a traditional IRA and have ever made nondeductible contributions or rolled over after-tax amounts to any of your traditional IRAs. State tax forms to print out Using the form, you will figure the nontaxable distributions for 2013 and your total IRA basis for 2013 and earlier years. State tax forms to print out Note. State tax forms to print out If you are required to file Form 8606, but you are not required to file an income tax return, you still must file Form 8606. State tax forms to print out Send it to the IRS at the time and place you would otherwise file an income tax return. State tax forms to print out Distributions reported on Form 1099-R. State tax forms to print out   If you receive a distribution from your traditional IRA, you will receive Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. State tax forms to print out , or a similar statement. State tax forms to print out IRA distributions are shown in boxes 1 and 2a of Form 1099-R. State tax forms to print out A number or letter code in box 7 tells you what type of distribution you received from your IRA. State tax forms to print out Withholding. State tax forms to print out   Federal income tax is withheld from distributions from traditional IRAs unless you choose not to have tax withheld. State tax forms to print out See chapter 4. State tax forms to print out IRA distributions delivered outside the United States. State tax forms to print out   In general, if you are a U. State tax forms to print out S. State tax forms to print out citizen or resident alien and your home address is outside the United States or its possessions, you cannot choose exemption from withholding on distributions from your traditional IRA. State tax forms to print out Reporting taxable distributions on your return. State tax forms to print out    Report fully taxable distributions, including early distributions on Form 1040, line 15b, or Form 1040A, line 11b (no entry is required on Form 1040, line 15a, or Form 1040A, line 11a). State tax forms to print out If only part of the distribution is taxable, enter the total amount on Form 1040, line 15a, or Form 1040A, line 11a, and the taxable part on Form 1040, line 15b, or Form 1040A, line 11b. State tax forms to print out You cannot report distributions on Form 1040EZ. State tax forms to print out What Acts Result in Penalties or Additional Taxes? The tax advantages of using traditional IRAs for retirement savings can be offset by additional taxes and penalties if you do not follow the rules. State tax forms to print out There are additions to the regular tax for using your IRA funds in prohibited transactions. State tax forms to print out There are also additional taxes for the following activities. State tax forms to print out Investing in collectibles. State tax forms to print out Making excess contributions. State tax forms to print out Taking early distributions. State tax forms to print out Allowing excess amounts to accumulate (failing to take required distributions). State tax forms to print out There are penalties for overstating the amount of nondeductible contributions and for failure to file a Form 8606, if required. State tax forms to print out Prohibited Transactions Generally, a prohibited transaction is any improper use of your traditional IRA by you, your beneficiary, or any disqualified person. State tax forms to print out Disqualified persons include your fiduciary and members of your family (spouse, ancestor, lineal descendent, and any spouse of a lineal descendent). State tax forms to print out The following are examples of prohibited transactions with a traditional IRA. State tax forms to print out Borrowing money from it. State tax forms to print out Selling property to it. State tax forms to print out Receiving unreasonable compensation for managing it. State tax forms to print out Using it as security for a loan. State tax forms to print out Buying property for personal use (present or future) with IRA funds. State tax forms to print out Effect on an IRA account. State tax forms to print out   Generally, if you or your beneficiary engages in a prohibited transaction in connection with your traditional IRA account at any time during the year, the account stops being an IRA as of the first day of that year. State tax forms to print out Effect on you or your beneficiary. State tax forms to print out   If your account stops being an IRA because you or your beneficiary engaged in a prohibited transaction, the account is treated as distributing all its assets to you at their fair market values on the first day of the year. State tax forms to print out If the total of those values is more than your basis in the IRA, you will have a taxable gain that is includible in your income. State tax forms to print out For information on figuring your gain and reporting it in income, see Are Distributions Taxable , earlier. State tax forms to print out The distribution may be subject to additional taxes or penalties. State tax forms to print out Taxes on prohibited transactions. State tax forms to print out   If someone other than the owner or beneficiary of a traditional IRA engages in a prohibited transaction, that person may be liable for certain taxes. State tax forms to print out In general, there is a 15% tax on the amount of the prohibited transaction and a 100% additional tax if the transaction is not corrected. State tax forms to print out More information. State tax forms to print out   For more information on prohibited transactions, see What Acts Result in Penalties or Additional Taxes? in chapter 1 of Publication 590. State tax forms to print out Investment in Collectibles If your traditional IRA invests in collectibles, the amount invested is considered distributed to you in the year invested. State tax forms to print out You may have to pay the 10% additional tax on early distributions, discussed later. State tax forms to print out Collectibles. State tax forms to print out   These include: Artworks, Rugs, Antiques, Metals, Gems, Stamps, Coins, Alcoholic beverages, and Certain other tangible personal property. State tax forms to print out Exception. State tax forms to print out    Your IRA can invest in one, one-half, one-quarter, or one-tenth ounce U. State tax forms to print out S. State tax forms to print out gold coins, or one-ounce silver coins minted by the Treasury Department. State tax forms to print out It can also invest in certain platinum coins and certain gold, silver, palladium, and platinum bullion. State tax forms to print out Excess Contributions Generally, an excess contribution is the amount contributed to your traditional IRA(s) for the year that is more than the smaller of: The maximum deductible amount for the year. State tax forms to print out For 2013, this is $5,500 ($6,500 if you are 50 or older), or Your taxable compensation for the year. State tax forms to print out Tax on excess contributions. State tax forms to print out   In general, if the excess contributions for a year are not withdrawn by the date your return for the year is due (including extensions), you are subject to a 6% tax. State tax forms to print out You must pay the 6% tax each year on excess amounts that remain in your traditional IRA at the end of your tax year. State tax forms to print out The tax cannot be more than 6% of the combined value of all your IRAs as of the end of your tax year. State tax forms to print out Excess contributions withdrawn by due date of return. State tax forms to print out   You will not have to pay the 6% tax if you withdraw an excess contribution made during a tax year and you also withdraw interest or other income earned on the excess contribution. State tax forms to print out You must complete your withdrawal by the date your tax return for that year is due, including extensions. State tax forms to print out How to treat withdrawn contributions. State tax forms to print out   Do not include in your gross income an excess contribution that you withdraw from your traditional IRA before your tax return is due if both the following conditions are met. State tax forms to print out No deduction was allowed for the excess contribution. State tax forms to print out You withdraw the interest or other income earned on the excess contribution. State tax forms to print out You can take into account any loss on the contribution while it was in the IRA when calculating the amount that must be withdrawn. State tax forms to print out If there was a loss, the net income you must withdraw may be a negative amount. State tax forms to print out How to treat withdrawn interest or other income. State tax forms to print out   You must include in your gross income the interest or other income that was earned on the excess contribution. State tax forms to print out Report it on your return for the year in which the excess contribution was made. State tax forms to print out Your withdrawal of interest or other income may be subject to an additional 10% tax on early distributions, discus
Español

Oops! We can't find the file

Official information and services from the U.S. government

We're sorry, but the page you're looking for might have been removed, had its name changed, or is temporarily unavailable.

What should you do?

  • If you typed the page url, check the spelling.
  • Go to our home page and browse through our topics for the information you want.
  • Go to our site index, and look through the alphabetical listing for links to the page you want.
  • If you need help finding government information, please contact us.
  • Use our search engine to find the information you want.

The State Tax Forms To Print Out

State tax forms to print out Index A Accuracy of deposits rule, Accuracy of Deposits Rule Additional Medicare Tax, Reminders, Additional Medicare Tax withholding. State tax forms to print out , Additional Medicare Tax withholding adjustments. State tax forms to print out Adjustments, 13. State tax forms to print out Reporting Adjustments to Form 941 or Form 944 Aliens, nonresident, Withholding income taxes on the wages of nonresident alien employees. State tax forms to print out , Withholding of social security and Medicare taxes on nonresident aliens. State tax forms to print out Allocated tips, Allocated tips. State tax forms to print out Archer MSAs, Health Savings Accounts and medical savings accounts. State tax forms to print out Assistance (see Tax help) B Backup withholding, Nonpayroll Income Tax Withholding Business expenses, employee, Employee business expense reimbursements. State tax forms to print out C Calendar, Calendar Certain foreign persons treated as American employers, Foreign persons treated as American employers. State tax forms to print out Change of business address or responsible party, Change of Business Address or Responsible Party COBRA premium assistance credit, COBRA premium assistance credit. State tax forms to print out Correcting employment taxes, Correcting employment taxes. State tax forms to print out Correcting errors, (prior period adjustments) Form 941, Prior Period Adjustments D Delivery services, private, Private Delivery Services Depositing taxes Penalties, Deposit Penalties Rules, 11. State tax forms to print out Depositing Taxes Differential wage payments, Differential wage payments. State tax forms to print out E E-file, Electronic filing by reporting agents. State tax forms to print out Election worker, State and local government employers. State tax forms to print out Electronic, Electronic deposit requirement. State tax forms to print out Electronic deposit requirement, Electronic deposit requirement. State tax forms to print out Electronic Federal Tax Payment System (EFTPS), Electronic deposit requirement. State tax forms to print out Electronic filing, Electronic Filing and Payment, Electronic filing by reporting agents. State tax forms to print out Eligibility for employment, Hiring New Employees Employees defined, Employee status under common law. State tax forms to print out Employer identification number (EIN), 1. State tax forms to print out Employer Identification Number (EIN) Employer responsibilities, Paying Wages, Pensions, or Annuities F Family employees, 3. State tax forms to print out Family Employees Final return, Final return. State tax forms to print out Form 944, 12. State tax forms to print out Filing Form 941 or Form 944 Fringe benefits, Fringe benefits. State tax forms to print out FUTA tax, 14. State tax forms to print out Federal Unemployment (FUTA) Tax G Government employers, Federal Government employers. State tax forms to print out H Health insurance plans, Health insurance plans. State tax forms to print out Health Savings Accounts (HSAs), Health Savings Accounts and medical savings accounts. State tax forms to print out Hiring new employees, Hiring New Employees Household employees, Exceptions. State tax forms to print out I Income tax withholding, Income Tax Withholding, 16. State tax forms to print out How To Use the Income Tax Withholding Tables Information returns, Information Returns International social security agreements, International social security agreements. State tax forms to print out L Long-term care insurance, Health insurance plans. State tax forms to print out Lookback period, When To Deposit M Meals and lodging, Meals and lodging. State tax forms to print out Medical care, Medical care reimbursements. State tax forms to print out Medical savings accounts, Health Savings Accounts and medical savings accounts. State tax forms to print out Medicare tax, Social Security and Medicare Taxes Mileage, Per diem or other fixed allowance. State tax forms to print out Monthly deposit schedule, Monthly Deposit Schedule Moving expenses, Moving expenses. State tax forms to print out N New employees, Hiring New Employees Noncash wages, Wages not paid in money. State tax forms to print out Nonemployee compensation, Nonpayroll Income Tax Withholding P Part-time workers, Part-Time Workers Payroll period, 8. State tax forms to print out Payroll Period Penalties, Deposit Penalties, Penalties. State tax forms to print out Private delivery services, Private Delivery Services Publications (see Tax help) R Reconciling Forms W-2 and Forms 941 or 944, Reconciling Forms W-2, W-3, and 941 or 944. State tax forms to print out Recordkeeping, Recordkeeping Reimbursements, Accountable plan. State tax forms to print out , Nonaccountable plan. State tax forms to print out , Per diem or other fixed allowance. State tax forms to print out Repayments, wages, Wage Repayments S Seasonal employers, Exceptions. State tax forms to print out Semiweekly deposit schedule, Semiweekly Deposit Schedule Sick pay, Sick pay. State tax forms to print out Social security and Medicare taxes, Social Security and Medicare Taxes Social security number, employee, 4. State tax forms to print out Employee's Social Security Number (SSN) Spouse, Business Owned and Operated by Spouses Standard mileage rate, Per diem or other fixed allowance. State tax forms to print out Statutory employees, Employee status under common law. State tax forms to print out Statutory nonemployees, Statutory employees. State tax forms to print out Successor employer, Successor employer. State tax forms to print out , Successor employer. State tax forms to print out Supplemental wages, 7. State tax forms to print out Supplemental Wages T Tax help, How To Get Tax Help Telephone help, Telephone Help Third-party sick pay tax adjustment, Adjustment of tax on third-party sick pay. State tax forms to print out Tip Rate Determination Agreement, Tip Rate Determination and Education Program. State tax forms to print out Tip Rate Determination and Education Program, Tip Rate Determination and Education Program. State tax forms to print out Tips, 6. State tax forms to print out Tips, Tips treated as supplemental wages. State tax forms to print out Trust fund recovery penalty, Trust fund recovery penalty. State tax forms to print out TTY/TDD information, How To Get Tax Help U Unemployment tax, federal, 14. State tax forms to print out Federal Unemployment (FUTA) Tax V Vacation pay, Vacation pay. State tax forms to print out W Wage repayments, Wage Repayments Wages defined, 5. State tax forms to print out Wages and Other Compensation Wages not paid in money, Wages not paid in money. State tax forms to print out Withholding Backup, Nonpayroll Income Tax Withholding Certificate, Using Form W-4 to figure withholding. State tax forms to print out Exemption, Exemption from federal income tax withholding. State tax forms to print out Fringe benefits, Withholding on fringe benefits. State tax forms to print out Income tax, Income Tax Withholding Levies, Amounts exempt from levy on wages, salary, and other income. State tax forms to print out Nonresident aliens, Withholding of social security and Medicare taxes on nonresident aliens. State tax forms to print out Pensions and annuities, Nonpayroll Income Tax Withholding Percentage method, Percentage Method Social security and Medicare taxes, Social Security and Medicare Taxes Table instructions, 16. State tax forms to print out How To Use the Income Tax Withholding Tables Tips, Tips treated as supplemental wages. State tax forms to print out Wage bracket method, Wage Bracket Method Z Zero wage return, Paying Wages, Pensions, or Annuities Prev  Up     Home   More Online Publications