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

Tax 2012

Turbotax 1040x FormEz 1040 Form 2012H & R Block Online TaxesHr Block Free Tax1040 Ez FormTurbotax Amended Return 2013Federal Tax Amendment1040ezfile1040 Ez Taxes2011 Federal Tax FormsIrs Form 1040ez Instructions1040ez InstructionsFile Taxes Online For Free1040ez Form 2013Military Tax CreditsFreefilefillableforms ComEftpsFree E File For State TaxesSample 1040ezTurbotax ComH&r Blaock1040 Ez 2012Tax Forms Online 2012Freetaxusa2011File 2011 TaxesForm 10401040ez Tax Form 2012Filing A 1040xTaxes 1040ezNj 1040nr 2011Tax Forms 2011Free File 1040ezTax Amendment1040 Ez Tax FormFile A 1040x Online For FreeFree State Tax Preparation And FilingTax Act 2011 Free1040x HelpTurbo Tax 1040ezFederal Tax Tables 2011

Tax 2012

Tax 2012 5. Tax 2012   Student Loan Cancellations and Repayment Assistance Table of Contents Introduction Student Loan CancellationQualifying Loans Student Loan Repayment Assistance Introduction Generally, if you are responsible for making loan payments, and the loan is canceled (forgiven), you must include the amount that was forgiven in your gross income for tax purposes. Tax 2012 However, if you fulfill certain requirements, two types of student loan assistance may be tax free. Tax 2012 The types of assistance discussed in this chapter are: Student loan cancellation, and Student loan repayment assistance. Tax 2012 Student Loan Cancellation If your student loan is canceled, you may not have to include any amount in income. Tax 2012 This section describes the requirements for tax-free treatment of canceled student loans. Tax 2012 Qualifying Loans To qualify for tax-free treatment, for the cancellation of your loan, your loan must have been made by a qualified lender to assist you in attending an eligible educational institution and contain a provision that all or part of the debt will be canceled if you work: For a certain period of time, In certain professions, and For any of a broad class of employers. Tax 2012 The cancellation of your loan will not qualify for tax-free treatment if it is cancelled because of services you performed for the educational institution that made the loan or other organization that provided the funds. Tax 2012 See Exception, later. Tax 2012 Eligible educational institution. Tax 2012   This is an educational institution that maintains a regular faculty and curriculum and normally has a regularly enrolled body of students in attendance at the place where it carries on its educational activities. Tax 2012 Qualified lenders. Tax 2012   These include the following. Tax 2012 The United States, or an instrumentality thereof. Tax 2012 A state, territory, or possession of the United States, or the District of Columbia, or any political subdivision thereof. Tax 2012 A public benefit corporation that is tax-exempt under section 501(c)(3); and that has assumed control of a state, county, or municipal hospital; and whose employees are considered public employees under state law. Tax 2012 An eligible educational institution, if the loan is made: As part of an agreement with an entity described in (1), (2), (3) under which the funds to make the loan were provided to the educational institution, or Under a program of the educational institution that is designed to encourage its students to serve in occupations with unmet needs or in areas with unmet needs where the services provided by the students (or former students) are for or under the direction of a governmental unit or a tax-exempt section 501(c)(3) organization. Tax 2012   Occupations with unmet needs include medicine, nursing, teaching, and law. Tax 2012 Section 501(c)(3) organization. Tax 2012   This is any corporation, community chest, fund, or foundation organized and operated exclusively for one or more of the following purposes. Tax 2012 Charitable. Tax 2012 Religious. Tax 2012 Educational. Tax 2012 Scientific. Tax 2012 Literary. Tax 2012 Testing for public safety. Tax 2012 Fostering national or international amateur sports competition (but only if none of its activities involve providing athletic facilities or equipment). Tax 2012 The prevention of cruelty to children or animals. Tax 2012 Exception. Tax 2012   The cancellation of your loan does not qualify as tax-free student loan cancellation if your student loan was made by an educational institution and is canceled because of services you performed for the educational institution or other organization that provided the funds. Tax 2012 Refinanced Loan If you refinanced a student loan with another loan from an eligible educational institution or a tax-exempt organization, that loan may also be considered as made by a qualified lender. Tax 2012 The refinanced loan is considered made by a qualified lender if it is made under a program of the refinancing organization that is designed to encourage students to serve in occupations with unmet needs or in areas with unmet needs where the services required of the students are for or under the direction of a governmental unit or a tax-exempt section 501(c)(3) organization. Tax 2012 Student Loan Repayment Assistance Student loan repayments made to you are tax free if you received them for any of the following: The National Health Service Corps (NHSC) Loan Repayment Program (NHSC Loan Repayment Program). Tax 2012 A state education loan repayment program eligible for funds under the Public Health Service Act. Tax 2012 Any other state loan repayment or loan forgiveness program that is intended to provide for the increased availability of health services in under served or health professional shortage areas (as determined by such state). Tax 2012 You cannot deduct the interest you paid on a student loan to the extent payments were made through your participation in the above programs. Tax 2012 Prev  Up  Next   Home   More Online Publications
Español

Privacy and Security

Privacy and Security

USA.gov doesn't collect personal information when you visit our web site unless you choose to provide that information.


Information Collected and Stored Automatically

When you visit USA.gov, we may store some or all of the following: the Internet protocol address from which you access USA.gov, date and time, the name of the web site from which you linked to USA.gov, the name of the file or words you searched, items clicked on a page, and the browser and operating system used.

This information is used to measure the number of visitors to the various sections of our site and identify system performance or problem areas. We also use this information to help us develop the site, analyze patterns of usage, and to make the site more useful. This information is not used for associating search terms or patterns of site navigation with individual users. USA.gov may anonymize and provide this information to third party entities for the purposes of research analysis. We do not share or sell visitor data for the purposes of advertising, marketing, or any other commercial purpose.


Use of Persistent Cookies

Like many websites, USA.gov uses "persistent cookie" technology. A persistent cookie is a small text file that this website places on your web browser so that it can gather anonymous summary demographic information, and remember your browser when it is used to visit our site again later—kind of like cookie crumbs! (Hence the name.) These cookies uniquely identify a browser on a computer, but never a person.  In other words, if the same person uses Chrome and Internet Explorer, two unique browser cookies will be assigned, one for each browser, so that person will be counted as two different visitors because visits are based on browsers, not computers or persons. We use persistent cookies in two ways, both of which enhance your experience on USA.gov while also protecting your privacy:

  • To remember you when your browser comes back to the site, so we don't invite you to take our customer satisfaction survey every time you visit. Our customer satisfaction survey uses a persistent cookie to ensure we won’t invite you to take a customer satisfaction survey within 90 days of completing a survey on USA.gov.
  • To get aggregate metrics on site usage to understand how people are using the site and how we can make it better. We use web metrics services to track activity on USA.gov. Government agencies only ever receive traffic statistics anonymously and in the aggregate.
  • To gather anonymous summary demographic information about our visitors such as gender, age range, and areas of interest for adults over the age of 18. We do this by using Google Demographic and Interests reports. When you visit a website that has partnered with the Google Display Network, Google stores a number in your browser using a persistent cookie to remember your visits. This number uniquely identifies a web browser, not a specific person. Browsers may be associated with a demographic category, such as gender or age range, based on the sites that were visited. This demographic information is used to help us better understand our visitors' interests and needs to more effectively develop content to serve you.

Most Internet browsers automatically accept persistent cookies. Although using persistent cookies creates a much better experience for you, this site will also work without them. If you don't want to accept cookies, you can edit your browser's options to stop accepting persistent cookies or to prompt you before accepting a cookie from the websites you visit. Here's how you can disable cookies and/or Google Demographic and Interests reports.


If You Send Us Personal Information

We do not collect personal information for any purpose other than to respond to your request. The only personal information that we collect is what you decide to give us by ordering publications, sending us an e-mail, or subscribing to our e-mail subscription services. If you choose to provide us with personal information — like filling out a Contact Us form, with an e-mail address and ZIP code, and submitting it to us through the website — we use that information to respond to your message, and to help get you the information you requested. Similarly, if you order a publication from us, we will collect your name, and mailing address to fulfill your order.

We only share the information you give us with another government agency if your question relates to that agency, or as otherwise required by law. USA.gov never collects information or creates individual profiles for commercial marketing.


Site Security

For site security purposes and to ensure that this service remains available to all users, this government computer system employs commercial software programs to monitor network traffic to identify unauthorized attempts to upload or change information, or otherwise cause damage.

Except for authorized law enforcement investigations, no other attempts are made to identify individual users or their usage habits. Raw data logs are used for no other purposes and are scheduled for regular destruction in accordance with National Archives and Records Administration guidelines.

Unauthorized attempts to upload information or change information on this service are strictly prohibited and may be punishable under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act.


External Links

USA.gov links to many websites created and maintained by other public and/or private organizations as outlined in our Linking Policy. If you click a link to an outside website, such as Facebook or YouTube, you will leave the USA.gov site and are subject to the privacy and security policies of the owners/sponsors of the outside website.


Social Media Sites

While USA.gov manages presence on social media sites (e.g., Facebook, Twitter, YouTube) in order to share government information and engage with the public, we do not collect any Personally Identifiable Information through those sites. We also do not use personal information made available by the user to these third-party sites.


Prohibitions

USA.gov will not link to any website that exhibits hate, bias, or discrimination. USA.gov reserves the right to deny or remove any link that contains misleading information or unsubstantiated claims, or is determined to be in conflict with USA.gov's mission or policies.


Disclaimer of Endorsement

The information posted on the USA.gov website includes hypertext links or pointers to information created and maintained by other public and/or private organizations. USA.gov provides these links and pointers solely for our users' information and convenience. When users select a link to an outside website, they are leaving the USA.gov site and are subject to the privacy and security policies of the owners/sponsors of the outside website.

  • The General Services Administration (GSA) and USA.gov do not control or guarantee the accuracy, relevance, timeliness, or completeness of information contained on a linked website.

  • GSA and USA.gov do not endorse the organizations sponsoring linked websites and we do not endorse the views they express or the products/services they offer.

  • GSA and USA.gov cannot authorize the use of copyrighted materials contained in linked websites. Users must request such authorization from the sponsor of the linked website.

  • GSA and USA.gov are not responsible for transmissions users receive from linked websites.

  • GSA and USA.gov do not guarantee that outside websites comply with Section 508 (accessibility requirements) of the Rehabilitation Act.

Back to Top

The Tax 2012

Tax 2012 Publication 527 - Introductory Material Table of Contents Future Developments What's New Reminders IntroductionSale of main home used as rental property. Tax 2012 Tax-free exchange of rental property occasionally used for personal purposes. Tax 2012 Ordering forms and publications. Tax 2012 Tax questions. Tax 2012 Useful Items - You may want to see: Future Developments For the latest information about developments related to Publication 527, such as legislation enacted after it was published, go to www. Tax 2012 irs. Tax 2012 gov/pub527. Tax 2012 What's New Net Investment Income Tax (NIIT). Tax 2012  Beginning in 2013, you may be subject to the Net Investment Income Tax (NIIT). Tax 2012 NIIT is a 3. Tax 2012 8% tax on the lesser of net investment income or the excess of modified adjusted gross income (MAGI) over the threshold amount. Tax 2012 Net investment income may include rental income and other income from passive activities. Tax 2012 Use Form 8960, Net Investment Income Tax, to figure this tax. Tax 2012 For more information on NIIT, go to IRS. Tax 2012 gov and enter “Net Investment Income Tax” in the search box. Tax 2012 Reminders Photographs of missing children. Tax 2012  The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. Tax 2012 Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. Tax 2012 You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. Tax 2012 Introduction Do you own a second house that you rent out all the time? Do you own a vacation home that you rent out when you or your family isn't using it? These are two common types of residential rental activities discussed in this publication. Tax 2012 In most cases, all rental income must be reported on your tax return, but there are differences in the expenses you are allowed to deduct and in the way the rental activity is reported on your return. Tax 2012 First, this publication will look at the rental-for-profit activity in which there is no personal use of the property. Tax 2012 We will look at types of income and when each is reported, and at types of expenses and which are deductible. Tax 2012 Chapter 2 discusses depreciation as it applies to your rental real estate activity—what property can be depreciated and how to figure it. Tax 2012 Chapter 3 covers the actual reporting of your rental income and deductions, including casualties and thefts, limitations on losses, and claiming the correct amount of depreciation. Tax 2012 Special rental situations are grouped together in chapter 4. Tax 2012 These include condominiums, cooperatives, property changed to rental use, renting only part of your property, and a not-for-profit rental activity. Tax 2012 Finally, in chapter 5, we will look at the rules for rental income and expenses when there is also personal use of the dwelling unit, such as a vacation home. Tax 2012 Sale or exchange of rental property. Tax 2012   For information on how to figure and report any gain or loss from the sale, exchange or other disposition of your rental property, see Publication 544, Sales and Other Dispositions of Assets. Tax 2012 Sale of main home used as rental property. Tax 2012   For information on how to figure and report any gain or loss from the sale or other disposition of your main home that you also used as rental property, see Publication 523, Selling Your Home. Tax 2012 Tax-free exchange of rental property occasionally used for personal purposes. Tax 2012   If you meet certain qualifying use standards, you may qualify for a tax-free exchange (a like-kind or section 1031 exchange) of one piece of rental property you own for a similar piece of rental property, even if you have used the rental property for personal purposes. Tax 2012   For information on the qualifying use standards, see Rev. Tax 2012 Proc. Tax 2012 2008–16, 2008 IRB 547, at http://www. Tax 2012 irs. Tax 2012 gov/irb/2008-10_IRB/ar12. Tax 2012 html . Tax 2012 For more information on like-kind exchanges, see chapter 1 of Publication 544. Tax 2012 Comments and suggestions. Tax 2012   We welcome your comments about this publication and your suggestions for future editions. Tax 2012   You can write to us at the following address: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. Tax 2012 NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. Tax 2012 Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. Tax 2012   You can send your comments from www. Tax 2012 irs. Tax 2012 gov/formspubs/. Tax 2012 Click on “More Information” and then on “Comment on Tax Forms and Publications”. Tax 2012   Although we cannot respond individually to each comment received, we do appreciate your feedback and will consider your comments as we revise our tax products. Tax 2012 Ordering forms and publications. Tax 2012   Visit www. Tax 2012 irs. Tax 2012 gov/formspubs/ to download forms and publications, call 1-800-TAX-FORM (1-800-829-3676), or write to the address below and receive a response within 10 days after your request is received. Tax 2012 Internal Revenue Service 1201 N. Tax 2012 Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. Tax 2012   If you have a tax question, check the information available on IRS. Tax 2012 gov or call 1-800-829-1040. Tax 2012 We cannot answer tax questions sent to either of the above addresses. Tax 2012 Useful Items - You may want to see: Publication 463 Travel, Entertainment, Gift, and Car Expenses 523 Selling Your Home 534 Depreciating Property Placed in Service Before 1987 535 Business Expenses 544 Sales and Other Dispositions of Assets 547 Casualties, Disasters, and Thefts 551 Basis of Assets 925 Passive Activity and At-Risk Rules 946 How To Depreciate Property Form (and Instructions) 4562 Depreciation and Amortization 5213 Election To Postpone Determination as To Whether the Presumption Applies That an Activity Is Engaged in for Profit 8582 Passive Activity Loss Limitations Schedule E (Form 1040) Supplemental Income and Loss   See chapter 6, How To Get Tax Help for information about getting these publications and forms. Tax 2012 Prev  Up  Next   Home   More Online Publications