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Tax planning us 1040x Publication 4492-B - Main Content Table of Contents DefinitionsMidwestern Disaster Areas Applicable Disaster Date Charitable Giving IncentivesTemporary Suspension of Limits on Charitable Contributions Standard Mileage Rate for Charitable Use of Vehicles Mileage Reimbursements to Charitable Volunteers Casualty and Theft LossesTime limit for making election. Tax planning us 1040x Replacement Period for Nonrecognition of Gain Net Operating Losses IRAs and Other Retirement PlansDefinitions Taxation of Qualified Disaster Recovery Assistance Distributions Repayment of Qualified Disaster Recovery Assistance Distributions Repayment of Qualified Distributions for the Purchase or Construction of a Main Home Loans From Qualified Plans Additional Tax Relief for IndividualsEarned Income Credit and Child Tax Credit Additional Exemption for Housing Individuals Displaced by the Severe Storms, Tornadoes, or Flooding Education Credits Recapture of Federal Mortgage Subsidy Exclusion of Certain Cancellations of Indebtedness by Reason of the Severe Storms, Tornadoes, or Flooding Tax Relief for Temporary Relocation Additional Tax Relief for BusinessesEmployee Retention Credit Employer Housing Credit and Exclusion Demolition and Clean-up Costs Increase in Rehabilitation Tax Credit Request for Copy or Transcript of Tax Return How To Get Tax HelpLow Income Taxpayer Clinics (LITCs). Tax planning us 1040x Definitions The following definitions are used throughout this publication. Tax planning us 1040x Midwestern Disaster Areas A Midwestern disaster area is an area for which a major disaster was declared by the President during the period beginning on May 20, 2008, and ending on July 31, 2008, in the state of Arkansas, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, or Wisconsin, as a result of severe storms, tornadoes, or flooding that occurred on the applicable disaster date. Tax planning us 1040x See Tables 1 and 2 for a list of the counties included in the Midwestern disaster areas. Tax planning us 1040x Applicable Disaster Date The term “applicable disaster date” as used in this publication, refers to the date on which the severe storms, tornadoes, or flooding occurred in the Midwestern disaster areas. Tax planning us 1040x You will need to know this date when using this publication for the various tax provisions. Tax planning us 1040x Table 1 The counties listed in Table 1 below are eligible for all tax provisions shown in this publication. Tax planning us 1040x Applicable Disaster Dates* State Affected Counties—Midwestern Disaster Areas 05/02/2008through05/12/2008 Arkansas Arkansas, Benton, Cleburne, Conway, Crittenden, Grant, Lonoke, Mississippi, Phillips, Pulaski, Saline, and Van Buren. Tax planning us 1040x 06/01/2008through07/22/2008 Illinois Adams, Calhoun, Clark, Coles, Crawford, Cumberland, Douglas, Edgar, Hancock, Henderson, Jasper, Jersey, Lake, Lawrence, Mercer, Rock Island, Whiteside, and Winnebago. Tax planning us 1040x 05/30/2008through06/27/2008 Indiana Adams, Bartholomew, Brown, Clay, Daviess, Dearborn, Decatur, Gibson, Grant, Greene, Hamilton, Hancock, Hendricks, Henry, Huntington, Jackson, Jefferson, Jennings, Johnson, Knox, Lawrence, Madison, Marion, Monroe, Morgan, Owen, Parke, Pike, Posey, Putnam, Randolph, Ripley, Rush, Shelby, Sullivan, Tippecanoe, Vermillion, Vigo, Washington, and Wayne. Tax planning us 1040x 05/25/2008through08/13/2008 Iowa Adair, Adams, Allamakee, Appanoose, Audubon, Benton, Black Hawk, Boone, Bremer, Buchanan, Butler, Cass, Cedar, Cerro Gordo, Chickasaw, Clarke, Clayton, Clinton, Crawford, Dallas, Davis, Decatur, Delaware, Des Moines, Dubuque, Fayette, Floyd, Franklin, Fremont, Greene, Grundy, Guthrie, Hamilton, Hancock, Hardin, Harrison, Henry, Howard, Humboldt, Iowa, Jackson, Jasper, Johnson, Jones, Keokuk, Kossuth, Lee, Linn, Louisa, Lucas, Madison, Mahaska, Marion, Marshall, Mills, Mitchell, Monona, Monroe, Montgomery, Muscatine, Page, Polk, Pottawattamie, Poweshiek, Ringgold, Scott, Story, Tama, Union, Van Buren, Wapello, Warren, Washington, Webster, Winnebago, Winneshiek, Worth, and Wright. Tax planning us 1040x 05/10/2008through05/11/2008 Missouri Barry, Jasper, and Newton. Tax planning us 1040x 06/01/2008through08/13/2008 Missouri Adair, Andrew, Callaway, Cass, Chariton, Clark, Gentry, Greene, Harrison, Holt, Johnson, Lewis, Lincoln, Linn, Livingston, Macon, Marion, Monroe, Nodaway, Pike, Putnam, Ralls, St. Tax planning us 1040x Charles, Stone, Taney, Vernon, and Webster. Tax planning us 1040x 05/22/2008through06/24/2008 Nebraska Buffalo, Butler, Colfax, Custer, Dawson, Douglas, Gage, Hamilton, Holt, Jefferson, Kearney, Lancaster, Platte, Richardson, Sarpy, and Saunders. Tax planning us 1040x 06/05/2008through07/25/2008 Wisconsin Adams, Calumet, Crawford, Columbia, Dane, Dodge, Fond du Lac, Grant, Green, Green Lake, Iowa, Jefferson, Juneau, Kenosha, La Crosse, Manitowoc, Marquette, Milwaukee, Monroe, Ozaukee, Racine, Richland, Rock, Sauk, Sheboygan, Vernon, Walworth, Washington, Waukesha, and Winnebago. Tax planning us 1040x *For more details, go to www. Tax planning us 1040x fema. Tax planning us 1040x gov Table 2 The counties listed in Table 2 below are eligible for all of the special tax provisions shown in this publication except the following. Tax planning us 1040x Charitable Giving Incentives. Tax planning us 1040x Net Operating Losses. Tax planning us 1040x Education Credits. Tax planning us 1040x Recapture of Federal Mortgage Subsidy. Tax planning us 1040x Tax Relief for Temporary Relocation. Tax planning us 1040x Employee Retention Credit. Tax planning us 1040x Employer Housing Credit and Exclusion. Tax planning us 1040x Demolition and Clean-up Costs. Tax planning us 1040x Increase in Rehabilitation Credit. Tax planning us 1040x Applicable Disaster Dates* State Affected Counties—Midwestern Disaster Areas 06/01/2008through07/22/2008 Illinois Greene, Madison, Monroe, Pike, Randolph, St. Tax planning us 1040x Clair, and Scott. Tax planning us 1040x 05/30/2008through06/27/2008 Indiana Benton, Boone, Fountain, Franklin, Jay, Montgomery, Ohio, Switzerland, Union, and Wabash. Tax planning us 1040x 05/25/2008through08/13/2008 Iowa Carroll, Cherokee, Lyon, Palo Alto, Pocahontas, Taylor, and Wayne. Tax planning us 1040x 05/22/2008through06/16/2008 Kansas Barber, Barton, Bourbon, Brown, Butler, Chautauqua, Cherokee, Clark, Clay, Comanche, Cowley, Crawford, Decatur, Dickinson, Edwards, Elk, Ellis, Ellsworth, Franklin, Gove, Graham, Harper, Haskell, Hodgeman, Jackson, Jewell, Kingman, Kiowa, Lane, Linn, Logan, Mitchell, Montgomery, Ness, Norton, Osborne, Pawnee, Phillips, Pratt, Reno, Republic, Riley, Rooks, Rush, Saline, Seward, Sheridan, Smith, Stafford, Sumner, Thomas, Trego, Wallace, and Wilson. Tax planning us 1040x 06/06/2008through06/13/2008 Michigan Allegan, Barry, Eaton, Ingham, Lake, Manistee, Mason, Missaukee, Osceola, Ottawa, Saginaw, and Wexford. Tax planning us 1040x 06/06/2008through06/12/2008 Minnesota Cook, Fillmore, Freeborn, Houston, Mower, and Nobles. Tax planning us 1040x 06/01/2008through08/13/2008 Missouri Atchison, Audrain, Bates, Buchanan, Cape Girardeau, Carroll, Christian, Daviess, Grundy, Howard, Jefferson, Knox, Mercer, Miller, Mississippi, Morgan, New Madrid, Pemiscot, Perry, Pettis, Platte, Polk, Randolph, Ray, Saline, Schuyler, Scotland, Shelby, St. Tax planning us 1040x Genevieve, St. Tax planning us 1040x Louis, the Independent City of St. Tax planning us 1040x Louis, Scott, Sullivan, and Worth. Tax planning us 1040x 04/23/2008through04/26/2008 Nebraska Gage, Johnson, Morrill, Nemaha, and Pawnee. Tax planning us 1040x 05/22/2008through06/24/2008 Nebraska Adams, Blaine, Boone, Boyd, Brown, Burt, Cass, Chase, Cherry, Cuming, Dundy, Fillmore, Frontier, Furnas, Garfield, Gosper, Greeley, Hall, Hayes, Howard, Johnson, Keya Paha, Lincoln, Logan, Loup, Merrick, McPherson, Morrill, Nance, Nemaha, Otoe, Phelps, Polk, Red Willow, Rock, Saline, Seward, Sherman, Stanton, Thayer, Thomas, Thurston, Valley, Webster, Wheeler, and York. Tax planning us 1040x 06/27/2008 Nebraska Dodge, Douglas, Sarpy, and Saunders. Tax planning us 1040x 06/05/2008through07/25/2008 Wisconsin Lafayette. Tax planning us 1040x * For more details, go to www. Tax planning us 1040x fema. Tax planning us 1040x gov Charitable Giving Incentives Temporary Suspension of Limits on Charitable Contributions This benefit applies only to the counties in Table 1. Tax planning us 1040x Individuals. Tax planning us 1040x   Qualified contributions are not subject to the overall limit on itemized deductions or the 50% of adjusted gross income (AGI) limit. Tax planning us 1040x A qualified contribution is a charitable contribution paid in cash or by check to a 50% limit organization if you make an election to have the 50% limit not apply to these contributions. Tax planning us 1040x   A qualified contribution must also meet all of the following requirements. Tax planning us 1040x Be paid after May 1, 2008, and before January 1, 2009. Tax planning us 1040x The contribution must be for relief efforts in one or more Midwestern disaster areas. Tax planning us 1040x Documentation must be provided by the donee organization that the contribution was used (or will be used) for relief efforts in one or more Midwestern disaster areas. Tax planning us 1040x   Your deduction for qualified contributions is limited to your AGI minus your deduction for all other charitable contributions. Tax planning us 1040x You can carry over any contributions you are not able to deduct for 2008 because of this limit. Tax planning us 1040x In 2009, the carryover of your unused qualified contributions is subject to the 50% of AGI limit. Tax planning us 1040x Exception. Tax planning us 1040x   Qualified contributions do not include contributions to certain private foundations described in section 509(a)(3) or contributions for the establishment of a new, or maintenance of an existing, donor advised fund. Tax planning us 1040x Corporations. Tax planning us 1040x   A corporation can elect to deduct qualified cash contributions without regard to the 10% of taxable income limit if the contributions were paid after May 1, 2008, and before January 1, 2009, to a qualified charitable organization (other than certain private foundations described in section 509(a)(3) or contributions for the establishment of a new, or maintenance of an existing, donor advised fund), for relief efforts in one or more Midwestern disaster areas. Tax planning us 1040x Documentation must be provided by the donee organization that the contribution was used (or will be used) for relief efforts in one or more Midwestern disaster areas. Tax planning us 1040x The corporation's deduction for these qualified contributions is limited to 100% of taxable income (as modified for the 10% limit) minus the corporation's deduction for all other charitable contributions. Tax planning us 1040x Any qualified contributions over this limit can be carried over to the next 5 years, subject to the 10% of taxable income limit. Tax planning us 1040x Partners and shareholders. Tax planning us 1040x   Each partner in a partnership and each shareholder in an S corporation must make a separate election to have the appropriate limit not apply. Tax planning us 1040x More information. Tax planning us 1040x   For more information, see Publication 526 or Publication 542, Corporations. Tax planning us 1040x Publication 526 includes a worksheet you can use to figure your deduction if any limits apply to your charitable contributions. Tax planning us 1040x Standard Mileage Rate for Charitable Use of Vehicles This benefit applies only to the counties in Table 1. Tax planning us 1040x The following are special standard mileage rates in effect for 2008 for the cost of operating your vehicle for providing charitable services related only to the severe storms, tornadoes, or flooding. Tax planning us 1040x 36 cents per mile for the period beginning on the applicable disaster date through June 30, 2008. Tax planning us 1040x 41 cents per mile for the period July 1 through December 31, 2008. Tax planning us 1040x Mileage Reimbursements to Charitable Volunteers This benefit applies only to the counties in Table 1. Tax planning us 1040x You can exclude from income amounts you receive as mileage reimbursements for the use of a private passenger vehicle for the benefit of a qualified charitable organization in providing relief related to the severe storms, tornadoes, or flooding during the period beginning on the applicable disaster date, and ending on December 31, 2008. Tax planning us 1040x You cannot claim a deduction or credit for amounts you exclude. Tax planning us 1040x You must keep records of miles driven, time, place (or use), and purpose of the mileage. Tax planning us 1040x The amount you can exclude cannot exceed the standard business mileage rate (shown below) for expenses incurred during the following periods. Tax planning us 1040x 50. Tax planning us 1040x 5 cents per mile for the period beginning on the applicable disaster date through June 30, 2008. Tax planning us 1040x 58. Tax planning us 1040x 5 cents per mile for the period July 1 through December 31, 2008. Tax planning us 1040x Casualty and Theft Losses This benefit applies to the counties in both Tables 1 and 2. Tax planning us 1040x The following paragraphs explain changes to casualty and theft losses that were caused by the severe storms, tornadoes, or flooding in the Midwestern disaster areas. Tax planning us 1040x For more information, see Publication 547. Tax planning us 1040x Limits on personal casualty or theft losses. Tax planning us 1040x   Losses of personal use property that arose in a Midwestern disaster area on or after the applicable disaster date are not subject to the $100 or 10% of AGI limits. Tax planning us 1040x Qualifying losses include losses from casualties and thefts that arose in a Midwestern disaster area that were attributable to the severe storms, tornadoes, or flooding. Tax planning us 1040x When completing Form 4684, do not include on line 17 any losses that arose in a Midwestern disaster area. Tax planning us 1040x A loss arising in a Midwestern disaster area is not considered a loss attributable to a federally declared disaster for purposes of that line and cannot be added to your standard deduction. Tax planning us 1040x When to deduct the loss. Tax planning us 1040x   Casualty and theft losses are generally deductible only in the year the casualty occurred or the theft was discovered. Tax planning us 1040x However, you can elect to deduct losses caused by the severe storms, tornadoes, or flooding on your return for the prior year. Tax planning us 1040x Special instructions for individuals who elect to claim a Midwestern disaster area casualty or theft loss for 2007. Tax planning us 1040x   Individuals filing or amending their 2007 tax return for casualty or theft losses that were attributable to the severe storms, tornadoes, or flooding should: Enter “Midwestern Disaster Area” at the top of Form 1040 or Form 1040X, and Complete the 2008 version of Form 4684. Tax planning us 1040x Cross out “2008” and enter “2007” at the top of Form 4684. Tax planning us 1040x Time limit for making election. Tax planning us 1040x   You must make this election to claim your casualty or theft loss in 2007 by the later of the following dates. Tax planning us 1040x The due date (without extensions) for filing your 2008 income tax return. Tax planning us 1040x The due date (with extensions) for filing your 2007 income tax return. Tax planning us 1040x Example. Tax planning us 1040x If you are a calendar year individual taxpayer, you have until April 15, 2009, to amend your 2007 tax return to claim a casualty or theft loss that occurred during 2008. Tax planning us 1040x Replacement Period for Nonrecognition of Gain This benefit applies to the counties in both Tables 1 and 2. Tax planning us 1040x Generally, an involuntary conversion occurs when property is damaged, destroyed, stolen, seized, requisitioned, or condemned, and you receive other property or money in payment, such as insurance or a condemnation award. Tax planning us 1040x Generally, you do not have to report a gain (if any) if you replace the property within 2 years (4 years for a main home in a federally declared disaster area). Tax planning us 1040x However, for property that was involuntarily converted on or after the applicable disaster date, as a result of the severe storms, tornadoes, or flooding, a 5-year replacement period applies if substantially all of the use of the replacement property is in a Midwestern disaster area. Tax planning us 1040x For more information, see the Instructions for Form 4684. Tax planning us 1040x Net Operating Losses This benefit applies only to the counties in Table 1. Tax planning us 1040x Qualified disaster recovery assistance loss. Tax planning us 1040x   Generally, you can carry a net operating loss (NOL) back to the 2 tax years before the NOL year. Tax planning us 1040x However, the portion of an NOL that is a qualified disaster recovery assistance loss can be carried back to the 5 tax years before the NOL year. Tax planning us 1040x In addition, the 90% limit on the alternative tax NOL deduction (ATNOLD) does not apply to such portion of the ATNOLD. Tax planning us 1040x   A qualified disaster recovery assistance loss is the smaller of: The excess of the NOL for the year over the specified liability loss for the year to which a 10-year carryback applies, or The total of the following deductions (to the extent they are taken into account in computing the NOL for the tax year): Qualified disaster recovery assistance casualty loss (as defined below), Moving expenses paid or incurred on or after the applicable disaster date, and before January 1, 2011, for the employment of an individual whose main home was in a Midwestern disaster area before the applicable disaster date, who was unable to remain in that home because of the severe storms, tornadoes, or flooding, and whose main job location (after the move) is in a Midwestern disaster area, Temporary housing expenses paid or incurred on or after the applicable disaster date, and before January 1, 2011, to house employees of the taxpayer whose main job location is in a Midwestern disaster area, Depreciation or amortization allowable for any qualified disaster recovery assistance property (even if you elected not to claim the special disaster recovery assistance depreciation allowance for such property) for the year placed in service, and Repair expenses (including expenses for the removal of debris) paid or incurred on or after the applicable disaster date, and before January 1, 2011, for any damage from the severe storms, tornadoes, or flooding to property located in a Midwestern disaster area. Tax planning us 1040x Qualified disaster recovery assistance casualty loss. Tax planning us 1040x   A qualified disaster recovery assistance casualty loss is any deductible section 1231 loss of property located in a Midwestern disaster area if the loss was caused by the severe storms, tornadoes, or flooding. Tax planning us 1040x For this purpose, the amount of the loss is reduced by any recognized gain from an involuntary conversion caused by the severe storms, tornadoes, or flooding of property located in a Midwestern disaster area. Tax planning us 1040x Any such loss taken into account in figuring your qualified disaster recovery assistance loss is not eligible for the election to be treated as having occurred in the previous tax year. Tax planning us 1040x More information. Tax planning us 1040x   For more information on NOLs, see Publication 536 or Publication 542, Corporations. Tax planning us 1040x IRAs and Other Retirement Plans New rules provide for tax-favored withdrawals, repayments, and loans from certain retirement plans for taxpayers who suffered economic losses as a result of the severe storms, tornadoes, or flooding. Tax planning us 1040x Definitions Qualified disaster recovery assistance distribution. Tax planning us 1040x   A qualified disaster recovery assistance distribution is any distribution you received from an eligible retirement plan if all of the following apply. Tax planning us 1040x The distribution was made on or after the applicable disaster date and before January 1, 2010. Tax planning us 1040x Your main home was located in a Midwestern disaster area on the applicable disaster date. Tax planning us 1040x You sustained an economic loss because of the severe storms, tornadoes, or flooding and your main home was in a Midwestern disaster area on the applicable disaster date. Tax planning us 1040x Examples of an economic loss include, but are not limited to: Loss, damage to, or destruction of real or personal property from fire, flooding, looting, vandalism, theft, wind, or other cause; Loss related to displacement from your home; or Loss of livelihood due to temporary or permanent layoffs. Tax planning us 1040x   If (1) through (3) above apply, you can generally designate any distribution (including periodic payments and required minimum distributions) from an eligible retirement plan as a qualified disaster recovery assistance distribution, regardless of whether the distribution was made on account of the severe storms, tornadoes, or flooding. Tax planning us 1040x Qualified disaster recovery assistance distributions are permitted without regard to your need or the actual amount of your economic loss. Tax planning us 1040x   The total of your qualified disaster recovery assistance distributions from all plans is limited to $100,000. Tax planning us 1040x If you have distributions in excess of $100,000 from more than one type of plan, such as a 401(k) plan and an IRA, you can allocate the $100,000 limit among the plans any way you choose. Tax planning us 1040x   A reduction or offset (on or after the applicable disaster date) of your account balance in an eligible retirement plan in order to repay a loan can also be designated as a qualified disaster recovery assistance distribution. Tax planning us 1040x Eligible retirement plan. Tax planning us 1040x   An eligible retirement plan can be any of the following. Tax planning us 1040x A qualified pension, profit-sharing, or stock bonus plan (including a 401(k) plan). Tax planning us 1040x A qualified annuity plan. Tax planning us 1040x A tax-sheltered annuity contract. Tax planning us 1040x A governmental section 457 deferred compensation plan. Tax planning us 1040x A traditional, SEP, SIMPLE, or Roth IRA. Tax planning us 1040x Main home. Tax planning us 1040x   Generally, your main home is the home where you live most of the time. Tax planning us 1040x A temporary absence due to special circumstances, such as illness, education, business, military service, evacuation, or vacation, will not change your main home. Tax planning us 1040x Taxation of Qualified Disaster Recovery Assistance Distributions This benefit applies to the counties in both Tables 1 and 2. Tax planning us 1040x Qualified disaster recovery assistance distributions are included in income in equal amounts over three years. Tax planning us 1040x However, if you elect, you can include the entire distribution in your income in the year it was received. Tax planning us 1040x Qualified disaster recovery assistance distributions are not subject to the additional 10% tax (or the additional 25% tax for certain distributions from SIMPLE IRAs) on early distributions from qualified retirement plans (including IRAs). Tax planning us 1040x However, any distributions you receive in excess of the $100,000 qualified disaster recovery assistance distribution limit may be subject to the additional tax on early distributions. Tax planning us 1040x For more information, see Form 8930. Tax planning us 1040x Repayment of Qualified Disaster Recovery Assistance Distributions This benefit applies to the counties in both Tables 1 and 2. Tax planning us 1040x If you choose, you generally can repay any portion of a qualified disaster recovery assistance distribution that is eligible for tax-free rollover treatment to an eligible retirement plan. Tax planning us 1040x Also, you can repay a qualified disaster recovery assistance distribution made on account of a hardship from a retirement plan. Tax planning us 1040x However, see Exceptions later for qualified disaster recovery assistance distributions you cannot repay. Tax planning us 1040x You have three years from the day after the date you received the distribution to make a repayment. Tax planning us 1040x Amounts that are repaid are treated as a qualified rollover and are not included in income. Tax planning us 1040x Also, a repayment of a qualified disaster recovery assistance distribution to an IRA is not counted when figuring the one-rollover-per-year limitation. Tax planning us 1040x See Form 8930 for more information on how to report repayments. Tax planning us 1040x Exceptions. Tax planning us 1040x   You cannot repay the following types of distributions. Tax planning us 1040x Qualified disaster recovery assistance distributions received as a beneficiary (other than a surviving spouse). Tax planning us 1040x Required minimum distributions. Tax planning us 1040x Periodic payments (other than from an IRA) that are for: A period of 10 years or more, Your life or life expectancy, or The joint lives or joint life expectancies of you and your beneficiary. Tax planning us 1040x Repayment of Qualified Distributions for the Purchase or Construction of a Main Home This benefit applies to the counties in both Tables 1 and 2. Tax planning us 1040x If you received a qualified distribution to purchase or construct a main home in a Midwestern disaster area, you can repay part or all of that distribution on or after the applicable disaster date, but no later than March 3, 2009, to an eligible retirement plan. Tax planning us 1040x For this purpose, an eligible retirement plan is any plan, annuity, or IRA to which a qualified rollover can be made. Tax planning us 1040x To be a qualified distribution, the distribution must meet all of the following requirements. Tax planning us 1040x The distribution is a hardship distribution from a 401(k) plan, a hardship distribution from a tax-sheltered annuity contract, or a qualified first-time homebuyer distribution from an IRA. Tax planning us 1040x The distribution was received after the date that was 6 months before the day after the applicable disaster date. Tax planning us 1040x The distribution was to be used to purchase or construct a main home in a Midwestern disaster area that was not purchased or constructed because of the severe storms, tornadoes, or flooding. Tax planning us 1040x Amounts that are repaid before March 4, 2009, are treated as a qualified rollover and are not included in income. Tax planning us 1040x Also, a repayment of a qualified distribution to an IRA is not counted when figuring the one-rollover-per-year limitation. Tax planning us 1040x A qualified distribution not repaid before March 4, 2009, may be taxable for 2007 or 2008 and subject to the additional 10% tax (or the additional 25% tax for certain SIMPLE IRAs) on early distributions. Tax planning us 1040x You must file Form 8930 if you received a qualified distribution that you repaid, in whole or in part, before March 4, 2009. Tax planning us 1040x Loans From Qualified Plans This benefit applies to the counties in both Tables 1 and 2. Tax planning us 1040x The following benefits are available to qualified individuals. Tax planning us 1040x Increases to the limits for distributions treated as loans from employer plans. Tax planning us 1040x A 1-year suspension for payments due on plan loans. Tax planning us 1040x Qualified individual. Tax planning us 1040x   You are a qualified individual if your main home was located in a Midwestern disaster area on the applicable disaster date and you had an economic loss because of the severe storms, tornadoes, or flooding. Tax planning us 1040x Examples of an economic loss include, but are not limited to: Loss, damage to, or destruction of real or personal property from fire, flooding, looting, vandalism, theft, wind, or other cause; Loss related to displacement from your home; or Loss of livelihood due to temporary or permanent layoffs. Tax planning us 1040x Limits on plan loans. Tax planning us 1040x   The $50,000 limit for distributions treated as plan loans is increased to $100,000. Tax planning us 1040x In addition, the limit based on 50% of your vested accrued benefit is increased to 100% of that benefit. Tax planning us 1040x If your main home was located in a Midwestern disaster area, the higher limits apply only to loans received during the period beginning on October 3, 2008, and ending on December 31, 2009. Tax planning us 1040x One-year suspension of loan payments. Tax planning us 1040x   Payments on plan loans outstanding on or after the applicable disaster date, may be suspended for 1 year by the plan administrator. Tax planning us 1040x To qualify for the suspension, the due date for any loan payment must occur during the period beginning on the applicable disaster date and ending on December 31, 2009. Tax planning us 1040x Additional Tax Relief for Individuals Earned Income Credit and Child Tax Credit This benefit applies to the counties in both Tables 1 and 2. Tax planning us 1040x You can elect to use your 2007 earned income to figure your earned income credit (EIC) and additional child tax credit for 2008 if: Your 2008 earned income is less than your 2007 earned income, and At least one of the following statements is true. Tax planning us 1040x Your main home on the applicable disaster date was in a Midwestern disaster area as shown in Table 1. Tax planning us 1040x Your main home on the applicable disaster date was in a Midwestern disaster area as shown in Table 2, and you were displaced from that home because of the severe storms, tornadoes, or flooding. Tax planning us 1040x Earned income. Tax planning us 1040x    For the purpose of this election, your earned income for both the EIC and the additional child tax credit is the amount of earned income used to figure your EIC, even if you did not take the EIC and even if that amount is different than your earned income for the additional child tax credit. Tax planning us 1040x If you are claiming only the additional child tax credit, you must figure the amount of your earned income for EIC purposes to determine your eligibility to make the election and the amount of the credit. Tax planning us 1040x Joint returns. Tax planning us 1040x   If you file a joint return, you qualify to make this election even if only one spouse meets the requirements. Tax planning us 1040x If you make the election, your 2007 earned income is the sum of your 2007 earned income and your spouse's 2007 earned income. Tax planning us 1040x Making the election. Tax planning us 1040x   If you make the election to use your 2007 earned income, the election applies for figuring both the EIC and the additional child tax credit. Tax planning us 1040x However, you can make the election for the additional child tax credit even if you do not take the EIC. Tax planning us 1040x   Electing to use your 2007 earned income can increase or decrease your EIC. Tax planning us 1040x Take the following steps to decide whether to make the election. Tax planning us 1040x Figure your 2008 EIC using your 2007 earned income. Tax planning us 1040x Figure your 2008 additional child tax credit using your 2007 earned income for EIC purposes. Tax planning us 1040x Add the results of (1) and (2). Tax planning us 1040x Figure your 2008 EIC using your 2008 earned income. Tax planning us 1040x Figure your 2008 additional child tax credit using your 2008 earned income for additional child tax credit purposes. Tax planning us 1040x Add the results of (4) and (5). Tax planning us 1040x Compare the results of (3) and (6). Tax planning us 1040x If (3) is larger than (6), it is to your benefit to make the election. Tax planning us 1040x If (3) is equal to or smaller than (6), making the election will not help you. Tax planning us 1040x   If you elect to use your 2007 earned income and you are claiming the EIC, enter “PYEI” and the amount of your 2007 earned income on the dotted line next to line 64a of Form 1040, on the line next to line 40a of Form 1040A, or in the space to the left of line 8a of Form 1040EZ. Tax planning us 1040x   If you elect to use your 2007 earned income and you are claiming the additional child tax credit, enter your 2007 earned income for EIC purposes (even if you did not claim the EIC) on Form 8812, Additional Child Tax Credit, line 4a, and check the box on that line. Tax planning us 1040x Getting your 2007 tax return information. Tax planning us 1040x   If you do not have your 2007 tax records, you can get the amount of earned income used to figure your 2007 EIC by calling 1-866-562-5227. Tax planning us 1040x You can also get this information by visiting the IRS website at www. Tax planning us 1040x irs. Tax planning us 1040x gov. Tax planning us 1040x   If you prefer to figure your 2007 earned income yourself, copies or transcripts of your filed and processed tax returns can help you reconstruct your tax records. Tax planning us 1040x See Request for Copy or Transcript of Tax Return on page 11. Tax planning us 1040x Additional Exemption for Housing Individuals Displaced by the Severe Storms, Tornadoes, or Flooding This benefit applies to the counties in both Tables 1 and 2. Tax planning us 1040x You can claim an additional exemption amount of $500 for providing housing in your main home for each individual displaced by the severe storms, tornadoes, or flooding. Tax planning us 1040x The additional exemption amount is claimed on Form 8914. Tax planning us 1040x You can claim an additional exemption amount only one time for a specific individual. Tax planning us 1040x If you claimed an additional exemption amount for an individual in 2008, you cannot claim that amount again for the same individual in 2009. Tax planning us 1040x The maximum additional exemption amount you can claim for all displaced individuals is $2,000. Tax planning us 1040x Any additional exemption amount you claimed for displaced individuals in 2008 will reduce the $2,000 maximum for 2009. Tax planning us 1040x The $2,000 limit applies to a husband and wife, whether the husband and wife file joint returns or separate returns. Tax planning us 1040x If married filing separately, the $2,000 can be divided in $500 increments between the spouses. Tax planning us 1040x For example, if one spouse claims an additional exemption amount for one displaced individual, the other spouse, if otherwise eligible, can claim additional exemption amounts for three different displaced individuals. Tax planning us 1040x If two or more taxpayers share the same main home, only one taxpayer in that main home can claim the additional exemption amount for a specific displaced individual. Tax planning us 1040x In order for you to be considered to have provided housing, you must have a legal interest in the main home (that is, own or rent the home). Tax planning us 1040x To qualify as a displaced individual, the individual: Must have had his or her main home in a Midwestern disaster area on the applicable disaster date, and he or she must have been displaced from that home. Tax planning us 1040x If the individual's main home was located in a Midwestern disaster area as shown in Table 2, that home must have been damaged by the severe storms, tornadoes, or flooding or the individual must have been evacuated from that home because of the severe storms, tornadoes, or flooding, Must have been provided housing in your main home for a period of at least 60 consecutive days ending in the tax year in which the exemption is claimed, and Cannot be your spouse or dependent. Tax planning us 1040x You cannot claim the additional exemption amount if you received rent (or any other amount) from any source for providing the housing. Tax planning us 1040x You are permitted to receive payments or reimbursements that do not relate to normal housing costs, including the following. Tax planning us 1040x Food, clothing, or personal items consumed or used by the displaced individual. Tax planning us 1040x Reimbursement for the cost of any long distance telephone calls made by the displaced individual. Tax planning us 1040x Reimbursement for the cost of gasoline for the displaced individual's use of your vehicle. Tax planning us 1040x However, you cannot claim the additional exemption amount if you received any reimbursement for the extra costs of heat, electricity, or water used by the displaced individual. Tax planning us 1040x Also, you must report on Form 8914 the displaced individual's social security number or individual taxpayer identification number to claim an additional exemption amount. Tax planning us 1040x For more information, see Form 8914. Tax planning us 1040x Education Credits This benefit applies only to the counties in Table 1. Tax planning us 1040x The education credits have been expanded for students attending an eligible educational institution located in a Midwestern disaster area (Midwestern disaster area students) for any tax year beginning in 2008 or 2009. Tax planning us 1040x The Hope credit for a Midwestern disaster area student is increased to 100% of the first $2,400 in qualified education expenses and 50% of the next $2,400 of qualified education expenses for a maximum credit of $3,600 per student. Tax planning us 1040x The lifetime learning credit rate for a Midwestern disaster area student is increased from 20% to 40%. Tax planning us 1040x The definition of qualified education expenses for a Midwestern disaster area student also has been expanded. Tax planning us 1040x This expanded definition also applies to the tuition and fees deduction claimed on Form 8917. Tax planning us 1040x In addition to tuition and fees required for the student's enrollment or attendance at an eligible educational institution, qualified education expenses for a Midwestern disaster area student include the following. Tax planning us 1040x Books, supplies, and equipment required for enrollment or attendance at an eligible educational institution. Tax planning us 1040x For a special needs student, expenses that are necessary for that person's enrollment or attendance at an eligible educational institution. Tax planning us 1040x For a student who is at least a half-time student, the reasonable costs of room and board, but only to the extent that the costs are not more than the greater of the following two amounts. Tax planning us 1040x The allowance for room and board, as determined by the eligible educational institution, that was included in the cost of attendance (for federal financial aid purposes) for a particular academic period and living arrangement of the student. Tax planning us 1040x The actual amount charged if the student is residing in housing owned or operated by the eligible educational institution. Tax planning us 1040x You will need to contact the eligible educational institution for qualified room and board costs. Tax planning us 1040x For more information, see Form 8863. Tax planning us 1040x See Form 8917 for the tuition and fees deduction. Tax planning us 1040x Recapture of Federal Mortgage Subsidy This benefit applies only to the counties in Table 1. Tax planning us 1040x Generally, if you financed your home under a federally subsidized program (loans from tax-exempt qualified mortgage bonds or loans with mortgage credit certificates), you may have to recapture all or part of the benefit you received from that program when you sell or otherwise dispose of your home. Tax planning us 1040x However, you do not have to recapture any benefit if your mortgage loan was a qualified home improvement loan of not more than $15,000. Tax planning us 1040x This amount is increased to $150,000 if the loan was provided before 2011 and was used to alter, repair, or improve an existing owner-occupied residence in a Midwestern disaster area as shown in Table 1. Tax planning us 1040x Exclusion of Certain Cancellations of Indebtedness by Reason of the Severe Storms, Tornadoes, or Flooding This benefit applies to the counties in both Tables 1 and 2. Tax planning us 1040x Generally, discharges of nonbusiness debts (such as mortgages) made on or after the applicable disaster date and before January 1, 2010, are excluded from income for individuals whose main home was in a Midwestern disaster area on the applicable disaster date. Tax planning us 1040x If the individual's main home was located in a Midwestern disaster area as shown in Table 2, the individual also must have had an economic loss because of the severe storms, tornadoes, or flooding. Tax planning us 1040x Examples of an economic loss include, but are not limited to: Loss, damage to, or destruction of real or personal property from fire, flooding, looting, vandalism, theft, wind, or other cause; Loss related to displacement from your home; or Loss of livelihood due to temporary or permanent layoffs. Tax planning us 1040x This relief does not apply to any debt secured by real property located outside a Midwestern disaster area. Tax planning us 1040x You may also have to reduce certain tax attributes by the amount excluded. Tax planning us 1040x For more information, see Form 982, Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis Adjustment). Tax planning us 1040x Tax Relief for Temporary Relocation This benefit applies only to the counties in Table 1. Tax planning us 1040x The IRS can adjust the internal revenue laws to ensure that taxpayers do not lose a deduction or credit or experience a change of filing status in 2008 or 2009 as a result of a temporary relocation caused by the severe storms, tornadoes, or flooding. Tax planning us 1040x However, any such adjustment must ensure that an individual is not taken into account by more than one taxpayer for the same tax benefit. Tax planning us 1040x The IRS has exercised this authority as follows. Tax planning us 1040x In determining whether you furnished over one-half of the cost of maintaining a household, you can exclude from total household costs any assistance received from the government or charitable organizations because you were temporarily relocated as a result of the severe storms, tornadoes, or flooding. Tax planning us 1040x In determining whether you provided more than one-half of an individual's support, you can disregard any assistance received from the government or charitable organizations because you were temporarily relocated as a result of the severe storms, tornadoes, or flooding. Tax planning us 1040x You can treat as a student an individual who enrolled in school before the applicable disaster date, and who is unable to attend classes because of the severe storms, tornadoes, or flooding, for each month of the enrollment period that individual is prevented by the severe storms, tornadoes, or flooding from attending school as planned. Tax planning us 1040x Additional Tax Relief for Businesses Employee Retention Credit This benefit applies only to the counties in Table 1. Tax planning us 1040x An eligible employer who conducted an active trade or business in a Midwestern disaster area can claim the employee retention credit. Tax planning us 1040x The credit is 40% of qualified wages for each eligible employee (up to a maximum of $6,000 in qualified wages per employee). Tax planning us 1040x Generally, you must reduce your deduction for salaries and wages by the amount of this credit (before the tax liability limit). Tax planning us 1040x Use Form 5884-A to claim the credit. Tax planning us 1040x Employers affected by the severe storms, tornadoes, or flooding. Tax planning us 1040x   The following definitions apply to employers affected by the severe storms, tornadoes, or flooding. Tax planning us 1040x Eligible employer. Tax planning us 1040x   For this purpose, an eligible employer is any employer who meets all of the following. Tax planning us 1040x Employed an average of not more than 200 employees on business days during the tax year before the applicable disaster date. Tax planning us 1040x Conducted an active trade or business on the applicable disaster date in a Midwestern disaster area. Tax planning us 1040x Whose trade or business was inoperable on any day after the applicable disaster date and before January 1, 2009, because of the damage caused by the severe storms, tornadoes, or flooding. Tax planning us 1040x Eligible employee. Tax planning us 1040x   For this purpose, an eligible employee is an employee whose principal place of employment on the applicable disaster date with such eligible employer was in a Midwestern disaster area. Tax planning us 1040x An employee is not an eligible employee for purposes of the severe storms, tornadoes, or flooding if the employee is treated as an eligible employee for the work opportunity credit. Tax planning us 1040x Qualified wages. Tax planning us 1040x   Qualified wages are wages (up to $6,000 per employee) you paid or incurred before January 1, 2009, for an eligible employee beginning on the date your trade or business first became inoperable at the employee's principal place of employment immediately before the applicable disaster, and ending on the date your trade or business resumed significant operations at that place. Tax planning us 1040x In addition, the wages must have been paid or incurred after the applicable disaster date. Tax planning us 1040x    This includes wages paid even if the employee performed no services, performed services at a place of employment other than the principal place of employment, or performed services at the principal place of employment before significant operations resumed. Tax planning us 1040x    Wages qualifying for the credit generally have the same meaning as wages subject to the Federal Unemployment Tax Act (FUTA). Tax planning us 1040x Qualified wages also include amounts you paid for medical or hospitalization expenses in connection with sickness or accident disability. Tax planning us 1040x Qualified wages for any employee must be reduced by the amount of any work supplementation payment you received under the Social Security Act. Tax planning us 1040x   For agricultural employees, if the work performed by any employee during more than half of any pay period qualified under FUTA as agricultural labor, that employee's wages subject to social security and Medicare taxes are qualified wages. Tax planning us 1040x For a special rule that applies to railroad employees, see section 51(h)(1)(B). Tax planning us 1040x   Qualified wages do not include the following. Tax planning us 1040x Wages paid to your dependent or a related individual. Tax planning us 1040x See section 51(i)(1). Tax planning us 1040x Wages paid to any employee during the period for which you received payment for the employee from a federally funded on-the-job training program. Tax planning us 1040x Wages for services of replacement workers during a strike or lockout. Tax planning us 1040x   For more information, see Form 5884-A. Tax planning us 1040x Employer Housing Credit and Exclusion This benefit applies only to the counties in Table 1. Tax planning us 1040x An employer who conducted an active trade or business in a Midwestern disaster area can claim the employer housing credit. Tax planning us 1040x The credit is equal to 30% of the value (up to $600 per month per employee) of in-kind lodging furnished to a qualified employee (and the employee's spouse or dependents) from November 1, 2008, through May 1, 2009. Tax planning us 1040x The value of the lodging is excluded from the income of the qualified employee but is treated as wages for purposes of taxes imposed under the Federal Insurance Contributions Act (FICA) and the Federal Unemployment Tax Act (FUTA). Tax planning us 1040x Generally, you must reduce your deduction for salaries and wages by the amount of this credit (before the tax liability limit). Tax planning us 1040x The employer must use Form 5884-A to claim the credit. Tax planning us 1040x A qualified employee is an individual who had a main home in a Midwestern disaster area on the applicable disaster date, and who performs substantially all employment services in a Midwestern disaster area for the employer furnishing the lodging. Tax planning us 1040x The employee cannot be your dependent or a related individual. Tax planning us 1040x See section 51(i)(1). Tax planning us 1040x For more information, see Form 5884-A. Tax planning us 1040x Demolition and Clean-up Costs This benefit applies only to the counties in Table 1. Tax planning us 1040x You can elect to deduct 50% of any qualified disaster recovery assistance clean-up costs for the tax year in which the costs are paid or incurred, instead of capitalizing them. Tax planning us 1040x Qualified disaster recovery assistance clean-up costs are any amounts paid or incurred on or after the applicable disaster date, and before January 1, 2011, for the removal of debris from, or the demolition of structures on, real property located in a Midwestern disaster area that is: Held by you for use in a trade or business or for the production of income, or Inventory or other property held primarily for sale to customers in the ordinary course of your trade or business. Tax planning us 1040x Qualified disaster recovery assistance clean-up costs are limited to amounts necessary due to damage attributable to the severe storms, tornadoes, or flooding in the Midwestern disaster areas. Tax planning us 1040x Increase in Rehabilitation Tax Credit This benefit applies only to the counties in Table 1. Tax planning us 1040x The rehabilitation credit is increased for qualified rehabilitation expenditures paid or incurred on or after the applicable disaster date, and before January 1, 2012, on buildings located in a Midwestern disaster area as follows. Tax planning us 1040x For pre-1936 buildings (other than certified historic structures), the credit percentage is increased from 10% to 13%. Tax planning us 1040x For certified historic structures, the credit percentage is increased from 20% to 26%. Tax planning us 1040x For more information, see Form 3468, Investment Credit. Tax planning us 1040x Request for Copy or Transcript of Tax Return Request for copy of tax return. Tax planning us 1040x   You can use Form 4506 to order a copy of your tax return. Tax planning us 1040x Generally, there is a $57 fee for requesting each copy of a tax return. Tax planning us 1040x If your main home, principal place of business, or tax records are located in a Midwestern disaster area, the fee will be waived if “Midwestern Disaster Area” is written in red across the top of the form when filed. Tax planning us 1040x Request for transcript of tax return. Tax planning us 1040x   You can use Form 4506-T to order a free transcript of your tax return. Tax planning us 1040x A transcript provides most of the line entries from a tax return and usually contains the information that a third party requires. Tax planning us 1040x You can also call 1-800-829-1040 to order a transcript. Tax planning us 1040x How To Get Tax Help Special IRS assistance. Tax planning us 1040x   The IRS is providing special help for those affected by the severe storms, tornadoes, or flooding, as well as survivors and personal representatives of the victims. Tax planning us 1040x We have set up a special toll-free number for people who may have trouble filing or paying their taxes because they were affected by recent federally declared disasters, or who have other tax issues related to the severe storms, tornadoes, or flooding. Tax planning us 1040x Call 1-866-562-5227 Monday through FridayIn English–7 a. Tax planning us 1040x m. Tax planning us 1040x to 10 p. Tax planning us 1040x m. Tax planning us 1040x local timeIn Spanish–8 a. Tax planning us 1040x m. Tax planning us 1040x to 9:30 p. Tax planning us 1040x m. Tax planning us 1040x local time   The IRS website at www. Tax planning us 1040x irs. Tax planning us 1040x gov has notices and other tax relief information. Tax planning us 1040x Check it periodically for any new guidance. Tax planning us 1040x You can get help with unresolved tax issues, order free publications and forms, ask tax questions, and get information from the IRS in several ways. Tax planning us 1040x By selecting the method that is best for you, you will have quick and easy access to tax help. Tax planning us 1040x Contacting your Taxpayer Advocate. Tax planning us 1040x   The Taxpayer Advocate Service (TAS) is an independent organization within the IRS whose employees assist taxpayers who are experiencing economic harm, who are seeking help in resolving tax problems that have not been resolved through normal channels, or who believe that an IRS system or procedure is not working as it should. Tax planning us 1040x Here are seven things every taxpayer should know about TAS: TAS is your voice at the IRS. Tax planning us 1040x Our service is free, confidential, and tailored to meet your needs. Tax planning us 1040x You may be eligible for TAS help if you have tried to resolve your tax problem through normal IRS channels and have gotten nowhere, or you believe an IRS procedure just isn't working as it should. Tax planning us 1040x TAS helps taxpayers whose problems are causing financial difficulty or significant cost, including the cost of professional representation. Tax planning us 1040x This includes businesses as well as individuals. Tax planning us 1040x TAS employees know the IRS and how to navigate it. Tax planning us 1040x We will listen to your problem, help you understand what needs to be done to resolve it, and stay with you every step of the way until your problem is resolved. Tax planning us 1040x TAS has at least one local taxpayer advocate in every state, the District of Columbia, and Puerto Rico. Tax planning us 1040x You can call your local advocate, whose number is in your phone book, in Pub. Tax planning us 1040x 1546, Taxpayer Advocate Service—Your Voice at the IRS, and on our website at www. Tax planning us 1040x irs. Tax planning us 1040x gov/advocate. Tax planning us 1040x You can also call our toll-free line at 1-877-777-4778 or TTY/TDD 1-800-829-4059. Tax planning us 1040x You can learn about your rights and responsibilities as a taxpayer by visiting our online tax toolkit at www. Tax planning us 1040x taxtoolkit. Tax planning us 1040x irs. Tax planning us 1040x gov. Tax planning us 1040x Low Income Taxpayer Clinics (LITCs). Tax planning us 1040x   The Low Income Taxpayer Clinic program serves individuals who have a problem with the IRS and whose income is below a certain level. Tax planning us 1040x LITCs are independent from the IRS. Tax planning us 1040x Most LITCs can provide representation before the IRS or in court on audits, tax collection disputes, and other issues for free or a small fee. Tax planning us 1040x If an individual's native language is not English, some clinics can provide multilingual information about taxpayer rights and responsibilities. Tax planning us 1040x For more information, see Publication 4134, Low Income Taxpayer Clinic List. Tax planning us 1040x This publication is available at www. Tax planning us 1040x irs. Tax planning us 1040x gov, by calling 1-800-TAX-FORM (1-800-829-3676), or at your local IRS office. Tax planning us 1040x Free tax services. Tax planning us 1040x   To find out what services are available, get Publication 910, IRS Guide to Free Tax Services. Tax planning us 1040x It contains lists of free tax information sources, including publications, services, and free tax education and assistance programs. Tax planning us 1040x It also has an index of over 100 TeleTax topics (recorded tax information) you can listen to on your telephone. Tax planning us 1040x   Accessible versions of IRS published products are available on request in a variety of alternative formats for people with disabilities. Tax planning us 1040x Free help with your return. Tax planning us 1040x   Free help in preparing your return is available nationwide from IRS-trained volunteers. Tax planning us 1040x The Volunteer Income Tax Assistance (VITA) program is designed to help low-income taxpayers and the Tax Counseling for the Elderly (TCE) program is designed to assist taxpayers age 60 and older with their tax returns. Tax planning us 1040x Many VITA sites offer free electronic filing and all volunteers will let you know about credits and deductions you may be entitled to claim. Tax planning us 1040x To find the nearest VITA or TCE site, call 1-800-829-1040. Tax planning us 1040x   As part of the TCE program, AARP offers the Tax-Aide counseling program. Tax planning us 1040x To find the nearest AARP Tax-Aide site, call 1-888-227-7669 or visit AARP's website atwww. Tax planning us 1040x aarp. Tax planning us 1040x org/money/taxaide. Tax planning us 1040x   For more information on these programs, go to www. Tax planning us 1040x irs. Tax planning us 1040x gov and enter keyword “VITA” in the upper right-hand corner. Tax planning us 1040x Internet. Tax planning us 1040x You can access the IRS website at www. Tax planning us 1040x irs. Tax planning us 1040x gov 24 hours a day, 7 days a week to: E-file your return. Tax planning us 1040x Find out about commercial tax preparation and e-file services available free to eligible taxpayers. Tax planning us 1040x Check the status of your 2009 refund. Tax planning us 1040x Go to www. Tax planning us 1040x irs. Tax planning us 1040x gov and click on Where's My Refund. Tax planning us 1040x Wait at least 72 hours after the IRS acknowledges receipt of your e-filed return, or 3 to 4 weeks after mailing a paper return. Tax planning us 1040x If you filed Form 8379 with your return, wait 14 weeks (11 weeks if you filed electronically). Tax planning us 1040x Have your 2009 tax return available so you can provide your social security number, your filing status, and the exact whole dollar amount of your refund. Tax planning us 1040x Download forms, instructions, and publications. Tax planning us 1040x Order IRS products online. Tax planning us 1040x Research your tax questions online. Tax planning us 1040x Search publications online by topic or keyword. Tax planning us 1040x Use the online Internal Revenue Code, Regulations, or other official guidance. Tax planning us 1040x View Internal Revenue Bulletins (IRBs) published in the last few years. Tax planning us 1040x Figure your withholding allowances using the withholding calculator online at www. Tax planning us 1040x irs. Tax planning us 1040x gov/individuals. Tax planning us 1040x Determine if Form 6251 must be filed by using our Alternative Minimum Tax (AMT) Assistant. Tax planning us 1040x Sign up to receive local and national tax news by email. Tax planning us 1040x Get information on starting and operating a small business. Tax planning us 1040x Phone. Tax planning us 1040x Many services are available by phone. Tax planning us 1040x Ordering forms, instructions, and publications. Tax planning us 1040x Call 1-800-TAX FORM (1-800-829-3676) to order current-year forms, instructions, and publications, and prior-year forms and instructions. Tax planning us 1040x You should receive your order within 10 days. Tax planning us 1040x Asking tax questions. Tax planning us 1040x Call the IRS with your tax questions at 1-800-829-1040. Tax planning us 1040x Solving problems. Tax planning us 1040x You can get face-to-face help solving tax problems every business day in IRS Taxpayer Assistance Centers. Tax planning us 1040x An employee can explain IRS letters, request adjustments to your account, or help you set up a payment plan. Tax planning us 1040x Call your local Taxpayer Assistance Center for an appointment. Tax planning us 1040x To find the number, go to www. Tax planning us 1040x irs. Tax planning us 1040x gov/localcontacts or look in the phone book under United States Government, Internal Revenue Service. Tax planning us 1040x TTY/TDD equipment. Tax planning us 1040x If you have access to TTY/TDD equipment, call 1-800-829-4059 to ask tax questions or to order forms and publications. Tax planning us 1040x TeleTax topics. Tax planning us 1040x Call 1-800-829-4477 to listen to pre-recorded messages covering various tax topics. Tax planning us 1040x Refund information. Tax planning us 1040x To check the status of your 2009 refund, call 1-800-829-1954 during business hours or 1-800-829-4477 (automated refund information 24 hours a day, 7 days a week). Tax planning us 1040x Wait at least 72 hours after the IRS acknowledges receipt of your e-filed return, or 3 to 4 weeks after mailing a paper return. Tax planning us 1040x If you filed Form 8379 with your return, wait 14 weeks (11 weeks if you filed electronically). Tax planning us 1040x Have your 2009 tax return available so you can provide your social security number, your filing status, and the exact whole dollar amount of your refund. Tax planning us 1040x Refunds are sent out weekly on Fridays. Tax planning us 1040x If you check the status of your refund and are not given the date it will be issued, please wait until the next week before checking back. Tax planning us 1040x Other refund information. Tax planning us 1040x To check the status of a prior year refund or amended return refund, call 1-800-829-1954. Tax planning us 1040x Evaluating the quality of our telephone services. Tax planning us 1040x To ensure IRS representatives give accurate, courteous, and professional answers, we use several methods to evaluate the quality of our telephone services. Tax planning us 1040x One method is for a second IRS representative to listen in on or record random telephone calls. Tax planning us 1040x Another is to ask some callers to complete a short survey at the end of the call. Tax planning us 1040x Walk-in. Tax planning us 1040x Many products and services are available on a walk-in basis. Tax planning us 1040x Products. Tax planning us 1040x You can walk in to many post offices, libraries, and IRS offices to pick up certain forms, instructions, and publications. Tax planning us 1040x Some IRS offices, libraries, grocery stores, copy centers, city and county government offices, credit unions, and office supply stores have a collection of products available to print from a CD or photocopy from reproducible proofs. Tax planning us 1040x Also, some IRS offices and libraries have the Internal Revenue Code, regulations, Internal Revenue Bulletins, and Cumulative Bulletins available for research purposes. Tax planning us 1040x Services. Tax planning us 1040x You can walk in to your local Taxpayer Assistance Center every business day for personal, face-to-face tax help. Tax planning us 1040x An employee can explain IRS letters, request adjustments to your tax account, or help you set up a payment plan. Tax planning us 1040x If you need to resolve a tax problem, have questions about how the tax law applies to your individual tax return, or you are more comfortable talking with someone in person, visit your local Taxpayer Assistance Center where you can spread out your records and talk with an IRS representative face-to-face. Tax planning us 1040x No appointment is necessary—just walk in. Tax planning us 1040x If you prefer, you can call your local Center and leave a message requesting an appointment to resolve a tax account issue. Tax planning us 1040x A representative will call you back within 2 business days to schedule an in-person appointment at your convenience. Tax planning us 1040x If you have an ongoing, complex tax account problem or a special need, such as a disability, an appointment can be requested. Tax planning us 1040x All other issues will be handled without an appointment. Tax planning us 1040x To find the number of your local office, go to www. Tax planning us 1040x irs. Tax planning us 1040x gov/localcontacts or look in the phone book under United States Government, Internal Revenue Service. Tax planning us 1040x Mail. Tax planning us 1040x You can send your order for forms, instructions, and publications to the address below. Tax planning us 1040x You should receive a response within 10 days after your request is received. Tax planning us 1040x Internal Revenue Service1201 N. Tax planning us 1040x Mitsubishi MotorwayBloomington, IL 61705-6613 DVD for tax products. Tax planning us 1040x You can order Publication 1796, IRS Tax Products DVD, and obtain: Current-year forms, instructions, and publications. Tax planning us 1040x Prior-year forms, instructions, and publications. Tax planning us 1040x Tax Map: an electronic research tool and finding aid. Tax planning us 1040x Tax law frequently asked questions. Tax planning us 1040x Tax Topics from the IRS telephone response system. Tax planning us 1040x Internal Revenue Code—Title 26 of the U. Tax planning us 1040x S. Tax planning us 1040x Code. Tax planning us 1040x Fill-in, print, and save features for most tax forms. Tax planning us 1040x Internal Revenue Bulletins. Tax planning us 1040x Toll-free and email technical support. Tax planning us 1040x Two releases during the year. Tax planning us 1040x – The first release will ship the beginning of January 2010. Tax planning us 1040x – The final release will ship the beginning of March 2010. Tax planning us 1040x Purchase the DVD from National Technical Information Service (NTIS) at www. Tax planning us 1040x irs. Tax planning us 1040x gov/cdorders for $30 (no handling fee) or call 1-877-233-6767 toll free to buy the DVD for $30 (plus a $6 handling fee). Tax planning us 1040x Prev  Up  Next   Home   More Online Publications
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Letter 3217C Frequently Asked Questions (FAQs)

What is the letter telling me?

This letter is telling you we have accepted your oral or written request to pay what you owe IRS in installments. It provides you with a specific dollar amount to pay each month and when your payment is due. It also provides the address that your payments should be mailed to. Included is the dollar amount for the fee we charge to establish an agreement. The amount varies depending on the type of agreement that is established. The letter also provides instructions on how to apply for the Low Income Fee Reduction (if you qualify).

What do I have to do?

The letter contains your payment due date. You should mail your payment to us 5 days prior to the due date. It tells you what items you need to put on your check so it can be correctly identified and applied to your account.

How much time do I have?

The letter is usually mailed 4 to 6 weeks before your first payment is due.

What happens if I don't take any action?

If you fail to make your payments the IRS can begin enforcement action by placing a levy on your bank account or wages or file a lien on personal property.

Who should I contact?

If you are unable to make your monthly payment, you should contact IRS as soon as possible. Expeditious contact prior to your payment due date may temporarily stop enforcement actions. The person who answers the phone will assist you.

Page Last Reviewed or Updated: 03-Feb-2014

The Tax Planning Us 1040x

Tax planning us 1040x 19. Tax planning us 1040x   Ajustes Tributarios por Estudios Table of Contents Introduction Useful Items - You may want to see: Deducción por Intereses sobre Préstamos de EstudiosDefinición de los Intereses sobre Préstamos de Estudios ¿Puede Reclamar la Deducción? ¿Cuánto Puede Deducir? ¿Cómo Calcular la Deducción? Deducción por Matrícula y Cuotas Escolares¿Puede Reclamar la Deducción? Gastos que Califican Estudiante que Reúne los Requisitos Quién Puede Reclamar los Gastos de un Dependiente Cuánto se Puede Deducir Gastos del Educador Introduction Este capítulo trata de ajustes relacionados con la educación que puede deducir al calcular el ingreso bruto ajustado. Tax planning us 1040x Este capítulo incluye información sobre la deducción por intereses sobre préstamos de estudios, la deducción de matrículas y cuotas escolares y la deducción por gastos del educador. Tax planning us 1040x Useful Items - You may want to see: Publicación 970 Tax Benefits for Education (Beneficios tributarios por estudios), en inglés Deducción por Intereses sobre Préstamos de Estudios Por lo general, los intereses personales que pague, salvo ciertos intereses hipotecarios, no son deducibles en la declaración de impuestos. Tax planning us 1040x No obstante, si su ingreso bruto ajustado modificado (MAGI, por sus siglas en inglés) es menos de $75,000 ($155,000 si presenta una declaración conjunta), se permite una deducción especial por los intereses pagados sobre préstamos de estudios (también conocidos como préstamos educativos) utilizados para enseñanza superior. Tax planning us 1040x Para la mayoría de los contribuyentes, el MAGI es el ingreso bruto ajustado en la declaración de impuestos federales sobre el ingreso antes de restar deducción alguna por intereses sobre préstamos de estudios. Tax planning us 1040x Esta deducción puede reducir la cantidad de su ingreso sujeto a impuestos hasta un máximo de $2,500 en el año 2013. Tax planning us 1040x La Tabla 19-1 resume características de la deducción por intereses sobre préstamos de estudios. Tax planning us 1040x Tabla 19-1. Tax planning us 1040x Resumen de la Deducción por Intereses sobre Préstamos de Estudios No se base únicamente en esta tabla. Tax planning us 1040x Consulte el texto para más detalles. Tax planning us 1040x Característica Descripción Beneficio máximo Puede reducir su ingreso tributable hasta un máximo de $2,500. Tax planning us 1040x Requisitos para obtener un préstamo Su préstamo de estudios: •  tiene que haber sido obtenido sólo para pagar gastos de estudios calificados y   • no puede ser de un pariente ni puede haberse hecho conforme a un plan calificado provisto por su empleador. Tax planning us 1040x Requisitos para estudiantes El estudiante tiene que: • ser usted, su cónyuge o su dependiente y   • estar matriculado por lo menos a tiempo parcial en un programa que lleve a obtener un título, certificación o cualquier otra credencial educacional en una institución educativa que reúne los requisitos. Tax planning us 1040x Plazo de la deducción Puede deducir intereses pagados durante el período que quede del préstamo de estudios. Tax planning us 1040x Eliminación gradual por fases La cantidad a deducir depende del nivel de ingresos. Tax planning us 1040x Definición de los Intereses sobre Préstamos de Estudios Los “intereses sobre préstamos de estudios” son intereses que usted pagó durante el año sobre un préstamo de estudios calificado. Tax planning us 1040x Incluyen tanto pagos de intereses obligatorios como pagos de intereses voluntarios. Tax planning us 1040x Préstamo de estudios calificado Éste es un préstamo que se obtuvo únicamente para pagar gastos de estudios calificados (definidos más adelante) que fueran: Para usted, su cónyuge o una persona que fue dependiente de usted (según se define en el capítulo 3) cuando obtuvo el préstamo; Pagados o incurridos dentro de un plazo razonable antes o después de que obtuviera el préstamo y Para estudios provistos durante un período académico cuando un estudiante reúne los requisitos. Tax planning us 1040x Los préstamos de las siguientes fuentes no son préstamos de estudios calificados: Un pariente. Tax planning us 1040x Un plan calificado proporcionado por un empleador. Tax planning us 1040x Excepciones. Tax planning us 1040x   Para propósitos de la deducción de intereses sobre un préstamo de estudios, las siguientes excepciones corresponden a las reglas generales para dependientes: Una persona puede ser su dependiente aunque usted mismo sea el dependiente de otro contribuyente. Tax planning us 1040x Una persona puede ser su dependiente aunque dicha persona presente una declaración conjunta con un cónyuge. Tax planning us 1040x Una persona puede ser su dependiente aunque dicha persona tuviera un ingreso bruto ese año que fuera igual o superior a la cantidad de exención para el año ($3,900 para el año 2013). Tax planning us 1040x Plazo razonable. Tax planning us 1040x   Los gastos de estudios calificados se consideran pagados u ocasionados dentro de un plazo razonable, antes o después de obtener el préstamo, si se pagan con fondos de préstamos de estudios que son parte de un programa federal de préstamos de estudios postsecundarios. Tax planning us 1040x   Aun si no se pagan con fondos de dicho tipo de préstamo, los gastos se consideran pagados u ocasionados dentro de un plazo razonable si se reúnen los dos siguientes requisitos: Los gastos se relacionan con un período académico específico. Tax planning us 1040x Los fondos del préstamo se desembolsan dentro de un período que comience 90 días antes del período académico y termine 90 días después del fin de dicho período. Tax planning us 1040x   Si ninguna de las situaciones indicadas anteriormente le corresponde, el plazo razonable se determina basándose en todos los hechos y circunstancias pertinentes. Tax planning us 1040x Período académico. Tax planning us 1040x   Un período académico incluye un semestre, trimestre, un cuatrimestre del año escolar u otro período de estudios (tal como un curso escolar de verano) según lo determine de manera razonable una institución de enseñanza superior. Tax planning us 1040x En el caso de una institución de enseñanza superior que no tenga períodos académicos, sino horas de crédito u horas de reloj, cada período de pago se puede considerar un período académico. Tax planning us 1040x Estudiante que reúne los requisitos. Tax planning us 1040x   Es un estudiante que estaba matriculado por lo menos a medio tiempo en un programa para obtener una licenciatura, un certificado u otro título educativo reconocido. Tax planning us 1040x Matriculado por lo menos a medio tiempo. Tax planning us 1040x   Un estudiante se considera que estaba matriculado por lo menos a medio tiempo si estaba tomando al menos la mitad de los cursos normales a tiempo completo de su programa de estudios. Tax planning us 1040x   Cada institución de enseñanza superior que reúna los requisitos establece lo que se considera la mitad de la carga académica habitual para ser estudiante a tiempo completo. Tax planning us 1040x No obstante, este estándar establecido no puede ser inferior a cualquiera que haya establecido el Departamento de Educación de los Estados Unidos conforme a la Higher Education Act (Ley de Enseñanza Superior) de 1965. Tax planning us 1040x Pariente. Tax planning us 1040x   No puede deducir intereses sobre un préstamo que obtenga de un pariente. Tax planning us 1040x Los parientes incluyen: Su cónyuge; Sus hermanos y hermanas; Sus medios hermanos y medias hermanas; Sus antecesores (padres, abuelos, etc. Tax planning us 1040x ); Sus descendientes en línea directa (hijos, nietos, etc. Tax planning us 1040x ) y Ciertas sociedades anónimas, sociedades colectivas, fideicomisos y organizaciones exentas de impuestos. Tax planning us 1040x Plan calificado proporcionado por un empleador. Tax planning us 1040x   No puede deducir intereses sobre un préstamo conforme a un plan calificado proporcionado por un empleador o bajo un contrato comprado conforme a tal plan. Tax planning us 1040x Gastos de Estudios Calificados Para propósitos de la deducción por intereses sobre préstamos de estudios, estos gastos son el total del costo de asistir a una institución de enseñanza superior que reúna los requisitos, incluyendo instituciones para estudios de posgrado. Tax planning us 1040x Incluyen cantidades pagadas por los siguientes conceptos: Matrícula y cuotas escolares. Tax planning us 1040x Alojamiento y comida. Tax planning us 1040x Libros, materiales y equipo. Tax planning us 1040x Otros gastos necesarios (tales como los de transporte). Tax planning us 1040x Los gastos de alojamiento y comida reúnen los requisitos sólo en la medida en que no sobrepasen las siguientes cantidades: La asignación para alojamiento y comida, según lo determine la institución de enseñanza superior correspondiente, que se incluyó en los gastos de asistencia a dicha institución (para propósitos de ayuda financiera federal) durante un período académico específico y alojamiento del estudiante, o Si es mayor, la cantidad exacta cobrada si el estudiante vive en alojamiento que sea propiedad de la institución de enseñanza superior que reúna los requisitos o sea operado por la misma. Tax planning us 1040x Institución de enseñanza superior que reúne los requisitos. Tax planning us 1040x   Una institución de enseñanza superior que reúne los requisitos es todo colegio universitario, universidad, escuelas de enseñanza técnica u otra institución de enseñanza superior todas con derecho a participar en un programa de asistencia financiera al estudiante, administrado por el Departamento de Educación de los Estados Unidos. Tax planning us 1040x Esta clase de institución abarca prácticamente todas las instituciones acreditadas de enseñanza superior públicas y sin fines de lucro así como las privadas con fines de lucro. Tax planning us 1040x   Determinadas instituciones de enseñanza superior ubicadas fuera de los Estados Unidos participan también en los programas de asistencia financiera al estudiante (Federal Student Aid (FSA, por sus siglas en inglés)) del Departamento de Educación de los Estados Unidos. Tax planning us 1040x   Para propósitos de la deducción por intereses sobre préstamos de estudios, una institución de enseñanza superior que reúne los requisitos incluye también una institución que administre un programa de estudiantes practicantes o de residencia para recibir un título universitario o un certificado de una institución de enseñanza superior, un hospital o un centro de atención médica que ofrezca capacitación de posgrado. Tax planning us 1040x   Una institución de enseñanza superior tiene que reunir los criterios establecidos en el párrafo anterior solamente durante el (los) período(s) académico(s) para el (los) cual(es) se incurrió el préstamo de estudios. Tax planning us 1040x La posibilidad de deducir los intereses sobre el préstamo no se ve afectada si la institución deja de reunir los requisitos más tarde. Tax planning us 1040x    La institución de enseñanza superior debe poder indicarle si la misma reúne los requisitos. Tax planning us 1040x Ajustes tributarios a gastos de estudios calificados. Tax planning us 1040x   Tiene que reducir sus gastos de estudios calificados por ciertos artículos exentos de impuestos (tales como la parte exenta de impuestos de becas de estudios y becas de investigación (becas de desarrollo profesional)). Tax planning us 1040x Vea el capítulo 4 de la Publicación 970, en inglés, para más detalles. Tax planning us 1040x Incluya estas Partidas como Intereses Además de los intereses simples sobre el préstamo, ciertos costos originarios del préstamo, intereses capitalizados, intereses sobre líneas de crédito rotativas e intereses sobre préstamos de estudios refinanciados pueden ser intereses sobre préstamos de estudios si se reúnen todos los demás requisitos. Tax planning us 1040x Costo originario del préstamo. Tax planning us 1040x   Normalmente, esto es un cargo que el prestamista cobra solamente una vez, al hacer un préstamo. Tax planning us 1040x Para ser deducible como intereses, dicho cargo tiene que ser por el uso de dinero en vez de bienes o servicios (como cargos por compromisos o costos de tramitación) proporcionados por el prestamista. Tax planning us 1040x Un costo originario del préstamo tratado como intereses se acumula a lo largo del plazo del préstamo. Tax planning us 1040x Intereses capitalizados. Tax planning us 1040x    Son intereses por pagar sobre un préstamo de estudios que el prestamista añade al saldo pendiente del capital del préstamo. Tax planning us 1040x Intereses sobre líneas de crédito rotativas. Tax planning us 1040x   Estos intereses, los cuales incluyen interés sobre deudas de tarjetas de crédito, es interés sobre préstamos de estudios si el prestatario usa la línea de crédito (tarjeta de crédito) sólo para pagar gastos de estudios calificados. Tax planning us 1040x Vea Gastos de Estudios Calificados , anteriormente. Tax planning us 1040x Intereses sobre préstamos de estudios refinanciados. Tax planning us 1040x   Incluyen intereses sobre lo siguiente: Préstamos consolidados —préstamos que se usan para refinanciar más de un préstamo de estudios del mismo prestatario y Préstamos conjuntos —dos o más préstamos del mismo prestatario que son tratados como un solo préstamo tanto por el prestamista como por el prestatario. Tax planning us 1040x Si refinancia un préstamo de estudios calificado por más del préstamo original y usa la cantidad adicional para algún propósito que no sea gastos de estudios calificados, no puede deducir los intereses pagados sobre el préstamo refinanciado. Tax planning us 1040x Pagos de intereses voluntarios. Tax planning us 1040x   Son pagos hechos sobre un préstamo de estudios calificado durante un período en el que los pagos de intereses no son obligatorios, por ejemplo, si al prestatario se le ha concedido un aplazamiento o si todavía no han empezado los reintegros del préstamo. Tax planning us 1040x No Incluya estas Partidas como Intereses No puede reclamar una deducción de intereses sobre préstamos de estudios por: Intereses que pagó sobre un préstamo si, según las condiciones del mismo, usted no está obligado legalmente a hacer pagos de intereses. Tax planning us 1040x Costos originarios del préstamo pagados por propiedad o servicios proporcionados por el prestamista, tales como cargos por compromiso o costos de tramitación. Tax planning us 1040x Intereses que pagó sobre un préstamo en la medida en que los pagos hayan sido hechos a través de su participación en el National Health Service Corps Loan Repayment Program (Programa para Reintegros de Préstamos del Cuerpo Nacional de Servicios de Salud), conocido también como el “ NHSC Loan Repayment Program ” (Programa para Reintegros de Préstamos del NHSC) o a través de otros programas de asistencia para el reintegro de préstamos. Tax planning us 1040x Para más información, vea Student Loan Repayment Assistance (Asistencia para el reintegro de préstamos de estudios) en el capítulo 5 de la Publicación 970, en inglés. Tax planning us 1040x ¿Puede Reclamar la Deducción? Normalmente, puede reclamar la deducción si se cumplen todos los requisitos siguientes: Su estado civil para efectos de la declaración es cualquier estado civil excepto casado que presenta su declaración por separado. Tax planning us 1040x Nadie más reclama una exención por usted en su declaración de impuestos. Tax planning us 1040x Está obligado por ley a pagar intereses sobre un préstamo de estudios calificado. Tax planning us 1040x Usted pagó intereses sobre un préstamo de estudios calificado. Tax planning us 1040x Intereses pagados por otros. Tax planning us 1040x   Si usted es la persona legalmente obligada a pagar intereses y otra persona los paga por usted, a usted se le trata como si hubiese recibido el pago de la otra persona y, a su vez, hubiese pagado los intereses. Tax planning us 1040x Vea el capítulo 4 de la Publicación 970, en inglés, para más información. Tax planning us 1040x No se Permite Beneficio Doble No puede deducir como intereses sobre un préstamo de estudios una cantidad que sea deducible conforme a alguna otra disposición de la ley tributaria (por ejemplo, intereses hipotecarios). Tax planning us 1040x ¿Cuánto Puede Deducir? Su deducción por intereses sobre préstamos de estudios para el año 2013 es normalmente la cantidad que sea menor entre: $2,500 o Los intereses que usted pagó en el año 2013. Tax planning us 1040x Sin embargo, la cantidad determinada anteriormente se reduce paulatinamente si su MAGI está entre $60,000 y $75,000 ($125,000 y $155,000 si presenta una declaración conjunta). Tax planning us 1040x No puede tomar una deducción por intereses sobre préstamos de estudios si su MAGI es $75,000 o más ($155,000 o más si presenta una declaración conjunta). Tax planning us 1040x Para más detalles sobre cómo calcular su MAGI, vea el capítulo 4 de la Publicación 970, en inglés. Tax planning us 1040x ¿Cómo Calcular la Deducción? Para calcular la deducción, se suele usar la Student Loan Interest Deduction Worksheet (Hoja de trabajo de la deducción de intereses sobre préstamos de estudios), de las instrucciones del Formulario 1040 o del Formulario 1040A. Tax planning us 1040x No obstante, si presenta el Formulario 2555, 2555-EZ o 4563, o si excluye ingresos de fuentes dentro de Puerto Rico, tiene que llenar la Hoja de Trabajo 4-1 del capítulo 4 de la Publicación 970, en inglés. Tax planning us 1040x Para ayudarle a calcular la deducción por intereses sobre préstamos de estudios, debe recibir el Formulario 1098-E, Student Loan Interest Statement (Declaración de intereses sobre préstamos de estudios), en inglés. Tax planning us 1040x Generalmente, una institución (como un banco o una agencia gubernamental) que recibió pagos de intereses de $600 o más durante el año 2013 sobre uno o más préstamos de estudios calificados tiene que enviarle el Formulario 1098-E (o documento sustitutivo aceptable) a cada prestatario a más tardar el 31 de enero del año 2014. Tax planning us 1040x Para los préstamos de estudios calificados que se obtuvieron antes del 1 de septiembre de 2004, la institución está obligada a anotar en el Formulario 1098-E solamente los pagos de intereses establecidos. Tax planning us 1040x Puede ser que otros pagos de intereses, tales como ciertos costos originarios del préstamo e intereses capitalizados, no aparezcan en el formulario que usted reciba. Tax planning us 1040x No obstante, si paga intereses calificados que no se incluyen en el Formulario 1098-E, también puede deducir esas cantidades. Tax planning us 1040x Para información sobre cómo dividir pagos de intereses y pagos de capital, vea el capítulo 4 de la Publicación 970, en inglés. Tax planning us 1040x Para reclamar la deducción, anote la cantidad permisible en la línea 33 del Formulario 1040 o la línea 18 del Formulario 1040A. Tax planning us 1040x Deducción por Matrícula y Cuotas Escolares Quizás pueda deducir los gastos de estudios calificados que haya pagado durante el año para usted, su cónyuge o dependiente(s). Tax planning us 1040x No puede reclamar esta deducción si su estado civil para efectos de la declaración es casado que presenta la declaración por separado o si otra persona puede reclamar una exención por usted como dependiente en la declaración de impuestos de él o ella. Tax planning us 1040x Los gastos calificados tienen que ser por educación superior, tal como se explica más adelante en Gastos que Califican . Tax planning us 1040x La deducción por matrícula y cuotas escolares puede reducir la cantidad de sus ingresos sujetos a impuesto por hasta $4,000. Tax planning us 1040x La Tabla 19-2 resume las características de la deducción por matrícula y cuotas escolares. Tax planning us 1040x Quizás pueda tomar un crédito por sus gastos de estudios en lugar de una deducción. Tax planning us 1040x Puede escoger la opción que le proporcione una cantidad de impuesto menor. Tax planning us 1040x Vea el capítulo 35, Créditos Tributarios por Estudios , para saber detalles sobre los créditos. Tax planning us 1040x ¿Puede Reclamar la Deducción? Las siguientes reglas le pueden ayudar a determinar si puede reclamar la deducción por matrícula y cuotas escolares. Tax planning us 1040x Quién Puede Reclamar la Deducción La deducción por matrícula y gastos de estudios normalmente se puede reclamar si usted cumple los tres siguientes requisitos: Pagó gastos de educación superior calificados en 2013 para los períodos académicos que comienzan en 2013 y los que comienzan en los primeros tres meses de 2014. Tax planning us 1040x Pagó los gastos de estudios de un estudiante que reúne los requisitos. Tax planning us 1040x El estudiante que cumple los requisitos es usted mismo, su cónyuge o dependiente por el cual reclama una exención (que se define en el capítulo 3) en su declaración de impuestos. Tax planning us 1040x Los gastos de estudios calificados se definen bajo Gastos que Califican . Tax planning us 1040x La definición de “estudiantes que reúnen los requisitos” se puede ver más adelante bajo Estudiante que Reúne los Requisitos . Tax planning us 1040x Quién No Puede Reclamar la Deducción No puede reclamar la deducción por matrícula y cuotas escolares si le corresponde cualquiera de las siguientes situaciones: Su estado civil para efectos de la declaración de impuestos es casado que presenta por separado. Tax planning us 1040x Otra persona puede reclamar una exención por usted en la declaración de impuestos de él o ella. Tax planning us 1040x Usted no puede tomar la deducción aun si la otra persona de hecho no reclama la exención. Tax planning us 1040x Su MAGI es mayor que $80,000 ($160,000 si presenta una declaración conjunta). Tax planning us 1040x Usted (o su cónyuge) era un extranjero no residente en cualquier momento durante el año 2013 y dicho extranjero no residente no optó por ser tratado como extranjero residente para propósitos tributarios. Tax planning us 1040x Puede leer más información sobre extranjeros no residentes en la Publicación 519, U. Tax planning us 1040x S. Tax planning us 1040x Tax Guide for Aliens (Guía tributaria para extranjeros), en inglés. Tax planning us 1040x Usted o cualquier otra persona puede reclamar un crédito tributario de oportunidad para los estadounidenses o un crédito vitalicio por aprendizaje en el año 2013 en lo que concierne a los gastos del estudiante por el cual se pagaron gastos de estudios calificados. Tax planning us 1040x No obstante, el recibir un crédito por parte de su estado no lo descalifica de reclamar una deducción por matrícula y cuotas. Tax planning us 1040x Tabla 19-2. Tax planning us 1040x Resumen de las Características de la Deducción por Matrícula y Cuotas Escolares No se base únicamente en lo que aparece en esta tabla. Tax planning us 1040x Consulte el texto de este capítulo para más detalles. Tax planning us 1040x Pregunta Respuesta ¿Cuál es la cantidad máxima del beneficio? Usted puede reducir la cantidad de sus ingresos sujetos a impuestos por hasta $4,000. Tax planning us 1040x ¿Dónde se toma la deducción? Se toma como ajuste a los ingresos en la línea 34 del Formulario 1040 o en la línea 19 del Formulario 1040A. Tax planning us 1040x ¿Para quién tienen que ser pagados los gastos? Un estudiante que está matriculado en una institución de enseñanza superior que reúne los requisitos quien es: usted, su cónyuge o su dependiente por el cual reclama una exención. Tax planning us 1040x ¿Qué matrícula y cuotas escolares son deducibles? La matrícula y cuotas escolares requeridas para matricularse o para asistir a una institución de enseñanza superior que reúne los requisitos, pero que no incluyen gastos personales, de manutención ni gastos de familia, tales como alojamiento y comida. Tax planning us 1040x Gastos que Califican La deducción por matrícula y cuotas escolares se basa en los gastos de estudios calificados que paga por usted mismo, su cónyuge o por un dependiente por el cual usted reclama una exención en su declaración de impuestos. Tax planning us 1040x La deducción normalmente se permite por gastos de estudios calificados que fueron pagados en el año 2013 relacionados con la matriculación en una institución de educación superior durante el año 2013 o por un período académico (que se definió anteriormente bajo Deducción por Intereses sobre Préstamos de Estudios ) comenzando en 2013 o en los primeros 3 meses de 2014. Tax planning us 1040x Pagos hechos con fondos de un préstamo. Tax planning us 1040x   Puede reclamar una deducción por matrícula y cuotas escolares en base de gastos de estudios calificados que pagó con los fondos de un préstamo. Tax planning us 1040x Utilice los gastos para calcular la deducción para el año en que se pagaron los gastos, no para el año en que se liquidó el préstamo. Tax planning us 1040x Trate los pagos del préstamo que fueron enviados directamente a la institución de educación como si hubieran sido pagados en la fecha en que dicha institución abona la cuenta del estudiante. Tax planning us 1040x Estudiante que se da de baja de su(s) clase(s). Tax planning us 1040x   Usted puede reclamar una deducción por matrícula y cuotas escolares en base de gastos de estudios calificados que no se reembolsan cuando un estudiante se da de baja (retira) de su(s) clase(s). Tax planning us 1040x Gastos de Estudios Calificados Para propósitos de la deducción por matrícula y cuotas escolares, los gastos de estudios calificados son la matrícula y ciertos gastos relacionados que son requisitos para la matriculación o asistencia en una institución de educación superior que reúne los requisitos. Tax planning us 1040x Institución de educación que reúne los requisitos. Tax planning us 1040x   Una “institución de educación superior que reúne los requisitos” es cualquier colegio universitario, universidad, escuela de enseñanza técnica u otra institución de enseñanza superior con derecho a participar en un programa de asistencia financiera al estudiante, administrado por el Departamento de Educación de los Estados Unidos. Tax planning us 1040x Incluye prácticamente a casi todas las instituciones acreditadas de enseñanza superior públicas y sin fines de lucro así como las privadas con fines de lucro. Tax planning us 1040x La institución de educación superior deberá poder indicarle si la misma reúne los requisitos. Tax planning us 1040x   Ciertas instituciones de educación ubicadas fuera de los Estados Unidos participan también en los programas de FSA del Departamento de Educación de los Estados Unidos. Tax planning us 1040x Período académico. Tax planning us 1040x   Un período académico abarca un semestre, trimestre, un cuatrimestre o cualquier otro período de estudios según lo determine de manera razonable una institución de educación que reúne los requisitos. Tax planning us 1040x Si una institución de educación que reúne los requisitos no tiene períodos académicos sino horas de crédito, cada período de pago se puede considerar como un período académico. Tax planning us 1040x Gastos relacionados. Tax planning us 1040x   Las cuotas correspondientes a las actividades escolares y los gastos incurridos por los textos, útiles y equipo escolares se incluyen en los gastos de estudios calificados únicamente si las cuotas y gastos tienen que ser pagados a la institución como requisito de la matriculación o asistencia en dicha institución. Tax planning us 1040x Gastos pagados por adelantado. Tax planning us 1040x   Gastos de estudios calificados pagados en el año 2013 para un período académico que comienza en los primeros tres meses de 2014, sólo se pueden utilizar para calcular la deducción por matrícula y cuotas escolares de 2013. Tax planning us 1040x Vea Período académico, anteriormente. Tax planning us 1040x Por ejemplo, si usted paga $2,000 en diciembre de 2013 para matrícula calificada por el cuatrimestre del invierno de 2014 que comienza en enero de 2014, puede utilizar los $2,000 en el cálculo de la deducción por matrícula y cuotas escolares sólo para 2013, únicamente si reúne todos los otros requisitos. Tax planning us 1040x No puede utilizar cantidad alguna que pagó en 2012 ó 2014 para calcular los gastos de estudios calificados que utiliza para el cálculo de su deducción por matrícula y cuotas escolares de 2013. Tax planning us 1040x No Se Permite Beneficio Doble No se le permite deducir lo siguiente: Los gastos de estudios calificados que usted deduce conforme a cualquier otra disposición de la ley, como, por ejemplo, un gasto de negocios. Tax planning us 1040x Los gastos de estudios calificados de un estudiante en su declaración de impuestos si usted o cualquier otra persona reclama un crédito tributario de oportunidad para los estadounidenses o un crédito vitalicio por aprendizaje por el mismo estudiante en el mismo año. Tax planning us 1040x Los gastos de estudios calificados que se utilizaron para calcular la parte libre de impuestos de una distribución proveniente de una cuenta Coverdell de ahorros para la educación (ESA, por sus siglas en inglés) o de un programa de matrículas calificado (QTP, por sus siglas en inglés). Tax planning us 1040x En el caso de un QTP, esto corresponde sólo a la cantidad de ganancias exentas de impuesto que fueron distribuidas, no a la recuperación de las contribuciones hechas al programa. Tax planning us 1040x Vea los temas titulados Figuring the Taxable Portion of a Distribution (Cálculo de la parte sujeta a impuesto de una distribución) del capítulo 7 (Coverdell Education Savings Account (ESA) (Cuenta Coverdell de ahorros para la educación (ESA)) y del capítulo 8 (Qualified Tuition Progam (QTP)) (Programa de matrícula calificado (QTP)), de la Publicación 970, en inglés. Tax planning us 1040x Los gastos de estudios calificados que han sido pagados con intereses exentos de impuestos provenientes de un bono de ahorros de los Estados Unidos (Formulario 8815, en inglés). Tax planning us 1040x Vea Figuring the Tax-Free Amount (Cálculo de la cantidad libre de impuestos), en el capítulo 10 de la Publicación 970, en inglés. Tax planning us 1040x Los gastos de estudios calificados que han sido pagados con ayuda económica para los estudios que estén exentos de impuestos, tales como becas de estudios, subvenciones o ayuda económica para los estudios provista por el empleador. Tax planning us 1040x Vea a continuación el tema titulado Ajustes a los gastos de estudios calificados. Tax planning us 1040x Ajustes a los gastos de estudios calificados. Tax planning us 1040x   Para cada estudiante, se tienen que reducir los gastos de estudios calificados pagados por o en nombre de dicho estudiante bajo las siguientes reglas. Tax planning us 1040x El resultado es el ajuste a los gastos de estudios calificados por cada estudiante. Tax planning us 1040x Ayuda económica para los estudios exenta de impuestos. Tax planning us 1040x   Por la ayuda económica para los estudios exenta de impuestos que recibió en 2013, tiene que reducir los gastos de estudios calificados para cada período académico por la cantidad de la ayuda económica para los estudios exenta de impuestos de dicho período. Tax planning us 1040x Vea Período académico, anteriormente. Tax planning us 1040x   Dicha asistencia incluye: La parte libre de impuestos de becas de estudios y becas de investigación (becas de desarrollo profesional), incluidas las subvenciones federales Pell (vea el capítulo 1 de la Publicación 970); La parte libre de impuestos de toda ayuda económica para estudios provista por el empleador (vea el capítulo 11 de la Publicación 970); Ayuda económica para estudios ofrecida a veteranos (vea el capítulo 1 de la Publicación 970) y Todo otro pago exento de impuestos (que no sean regalos o herencias) que se recibe en concepto de ayuda para estudios. Tax planning us 1040x   Por lo general, todas las becas de estudios o becas de investigación (becas de desarrollo profesional) son tratadas como una ayuda económica para los estudios exenta de impuestos. Tax planning us 1040x Sin embargo, una beca de estudios o beca de investigación (becas de desarrollo profesional) no será tratada como asistencia exenta de impuestos al punto de que es incluida como ingreso bruto (si tiene que presentar una declaración de impuestos) para el año que reciba la beca de estudios o para investigación (becas de desarrollo profesional) si uno de estos dos puntos aplica: La beca de estudios o beca de investigación (becas de desarrollo profesional) (o cualquier parte de dicha beca) tiene que ser aplicada (por sus condiciones) a gastos (como de alojamiento y comida) que no sean gastos de estudios calificados como se define en el capítulo 1, Qualified education expenses (Gastos de educación calificados), de la Publicación 970, en inglés. Tax planning us 1040x La beca de estudios o beca de investigación (becas de desarrollo profesional) (o cualquier parte de dicha beca) puede ser aplicada (por sus condiciones) a gastos (como de alojamiento y comida) que no sean gastos de estudios calificados como se define en el capítulo 1, Qualified education expenses (Gastos de estudios calificados), de la Publicación 970, en inglés. Tax planning us 1040x    Podría aumentar el valor combinado de la deducción por matrícula y cuotas escolares y cierta ayuda económica para los estudios si incluye alguna parte o toda la ayuda económica para los estudios en sus ingresos en el año en que recibió dicha ayuda. Tax planning us 1040x Para detalles, vea Adjustments to Qualified Education Expenses (Ajustes a los gastos de estudios calificados), en el capítulo 6 de la Publicación 970, en inglés. Tax planning us 1040x   Cierta ayuda económica para los estudios exenta de impuestos recibida después de 2013 podría ser considerada como un reembolso de gastos de estudios calificados que se pagó en 2013. Tax planning us 1040x La ayuda económica para los estudios exenta de impuestos incluye toda ayuda económica para los estudios exenta de impuestos que usted o cualquier otra persona ha recibido después de 2013 por gastos de estudios calificados pagados en nombre de un estudiante en 2013 (o atribuible a la matriculación en una institución educativa calificada durante 2013). Tax planning us 1040x   Si la ayuda económica para los estudios exenta de impuestos se recibe después de 2013 pero antes de presentar su declaración de impuestos sobre los ingresos para 2013, vea Reembolsos recibidos después de 2013 pero antes de presentar su declaración de impuestos sobre los ingresos, más adelante. Tax planning us 1040x Si la ayuda económica para los estudios exenta de impuestos se recibe después de 2013 y después de que presenta su declaración de impuestos sobre los ingresos para 2013, vea Reembolsos recibidos después de 2013 y después de presentar su declaración de impuestos sobre los ingresos, más adelante. Tax planning us 1040x Reembolsos. Tax planning us 1040x   Un reembolso de gastos de estudios calificados puede reducir los ajustes a los gastos de estudios calificados por el año tributable o puede requerir que reintegre parte o el total del reembolso en su ingreso bruto para el año en que recibe el reembolso. Tax planning us 1040x Vea el capítulo 6 de la Publicación 970 para obtener más información. Tax planning us 1040x Alguna ayuda económica para los estudios exenta de impuestos recibida después de 2013 puede ser tratada como un reembolso. Tax planning us 1040x Vea Ayuda económica para los estudios exenta de impuestos, anteriormente. Tax planning us 1040x Reembolsos recibidos en 2013. Tax planning us 1040x   Por cada estudiante, calcule los gastos de estudios calificados ajustados de 2013 sumando todos los gastos de estudios calificados pagados en 2013 y restando todos los reembolsos de esos gastos recibidos de la institución educativa que reúne los requisitos durante 2013. Tax planning us 1040x Reembolsos recibidos después de 2013 pero antes de presentar su declaración de impuestos sobre los ingresos. Tax planning us 1040x   Si alguien recibe un reembolso después de 2013 por gastos de estudios calificados pagados en nombre de un estudiante en 2013 y el reembolso es recibido antes de presentar su declaración de impuestos sobre los ingresos de 2013, reduzca la cantidad de gastos de estudios calificados de 2013 por la cantidad del reembolso. Tax planning us 1040x Reembolsos recibidos después de 2013 y después de presentar su declaración de impuestos sobre los ingresos. Tax planning us 1040x   Si recibe un reembolso después de 2013 por gastos de estudios calificados pagados en 2013 y el reembolso es recibido después de presentar su declaración de impuestos sobre los ingresos de 2013, puede ser que tenga que incluir parte o todo el reembolso en su ingreso bruto del año en que recibió el reembolso. Tax planning us 1040x Vea el capítulo 6 de la Publicación 970, en inglés, para más información. Tax planning us 1040x Coordinación con cuentas Coverdell de ahorros para la educación y programas calificados de matrícula. Tax planning us 1040x   Debe reducir sus gastos de estudios calificados por los gastos de estudios calificados utilizados para calcular la exclusión del ingreso bruto de (a) los intereses recibidos bajo un programa de bonos de ahorro educativos o (b) cualquier distribución desde una cuenta Coverdell de ahorros para la educación o programa calificado de matrícula (QTP, por sus siglas en inglés). Tax planning us 1040x Para un programa QTP, esto se aplica solamente a la cantidad exenta de impuestos que fueron distribuidos, no a la recuperación de contribuciones al programa. Tax planning us 1040x Cantidades que no reducen los gastos de estudios calificados. Tax planning us 1040x   No reduzca los gastos de estudios calificados por las cantidades pagadas con fondos que el estudiante ha recibido por concepto de: Pagos por prestar servicios, como salarios, Un préstamo, Un regalo, Una herencia o Un retiro de fondos de una cuenta de ahorros personal del estudiante. Tax planning us 1040x   No reduzca los gastos de estudios calificados por cantidades de becas de estudios o becas de investigación (becas de desarrollo profesional) que se declaran como ingresos en la declaración de impuestos del estudiante en las siguientes circunstancias: El uso de dinero se restringe, por los términos de la beca de estudios o beca de investigación (becas de desarrollo profesional), a los costos de asistencia (como alojamiento y comida) que no sean gastos de estudios calificados. Tax planning us 1040x El uso de dinero no se restringe. Tax planning us 1040x Gastos que no Califican Los gastos de estudios calificados no incluyen cantidades pagadas en concepto de: Seguros; Gastos médicos (incluidas las cuotas del seguro médico escolar ofrecido por la institución); Alojamiento y comida; Transporte o Gastos personales, de manutención o relacionados a la familia que sean semejantes. Tax planning us 1040x Esto corresponde aun si se tienen que pagar dichas cantidades a la institución como requisito de matriculación o asistencia. Tax planning us 1040x Deportes, juegos, pasatiempos y cursos que no ofrecen créditos académicos. Tax planning us 1040x   Normalmente, los gastos de estudios calificados no incluyen gastos que corresponden a un curso de enseñanza u otro curso educativo en que se desempeñen deportes, juegos, pasatiempos o un curso que no ofrece créditos académicos. Tax planning us 1040x No obstante, si el curso de enseñanza u otro curso educativo es parte del programa de estudios del estudiante para obtener una licenciatura u otro título educativo reconocido, los gastos entonces sí pueden calificar. Tax planning us 1040x Cuotas íntegras o en conjunto. Tax planning us 1040x   Algunas instituciones de educación superior que reúnen los requisitos combinan o consolidan todas sus cuotas para un período académico en una sola cantidad. Tax planning us 1040x Si no recibe, o no tiene acceso a un estado de cuentas o asignación que muestra cuánto pagó usted en concepto de gastos de estudios calificados y cuánto pagó en concepto de gastos personales, como los que se mencionaron anteriormente, comuníquese con la institución. Tax planning us 1040x La institución tiene la obligación de redactar ese estado de cuentas o asignación y de proveerle a usted información sobre la cantidad que usted pagó (o que se le facturó) por los gastos de estudios calificados en el Formulario 1098-T, Tuition Statement (Información sobre el pago de matrícula), en inglés. Tax planning us 1040x Vea el tema Cómo se Calcula la Deducción , más adelante, para mayor información sobre el Formulario 1098-T. Tax planning us 1040x Estudiante que Reúne los Requisitos Para propósitos de la deducción por matrícula y cuotas escolares, un “estudiante que reúne los requisitos” es aquél que está matriculado en uno o más cursos en una institución de educación superior que reúne los requisitos (que se definió anteriormente). Tax planning us 1040x Quién Puede Reclamar los Gastos de un Dependiente Para poder reclamar la deducción por matrícula y cuotas escolares de un dependiente, usted tiene, normalmente, que: Haber pagado los gastos y Reclamar una exención de dependiente por el estudiante. Tax planning us 1040x La Tabla 19-3 resume quién puede reclamar la deducción. Tax planning us 1040x Cuánto se Puede Deducir La cantidad máxima por concepto de matrícula y cuotas escolares para 2013 es $4,000, $2,000 o $0, dependiendo de la cantidad de su MAGI. Tax planning us 1040x Para detalles sobre el cálculo de su MAGI, vea el capítulo 6 de la Publicación 970. Tax planning us 1040x Cómo se Calcula la Deducción Calcule la deducción utilizando el Formulario 8917, Tuition and Fees Deduction (Deducción por matrícula y cuotas), en inglés. Tax planning us 1040x Para ayudarle a calcular su deducción por matrícula y cuotas escolares, debe recibir el Formulario 1098-T, Tuition Statement (Información sobre el pago de matrícula), en inglés. Tax planning us 1040x Por lo general, una institución de educación superior que reúne los requisitos (como un colegio universitario o universidad) tiene que enviarle el Formulario 1098-T (o una declaración sustitutiva similar y aceptable) a cada estudiante matriculado para el 31 de enero de 2014. Tax planning us 1040x Para reclamar la deducción, anote la cantidad permitida en la línea 34 del Formulario 1040 o en la línea 19 del Formulario 1040A, y adjunte el Formulario 8917 que ha completado debidamente. Tax planning us 1040x Tabla 19-3. Tax planning us 1040x Quién Puede Reclamar los Gastos de un Dependiente No se base únicamente en lo que aparece en esta tabla. Tax planning us 1040x Consulte Who can claim a Dependent's Expenses (Quién puede reclamar los gastos de un dependiente), en el capítulo 6 de la Publicación 970, en inglés. Tax planning us 1040x SI su dependiente es un estudiante que reúne los requisitos y usted . Tax planning us 1040x . Tax planning us 1040x . Tax planning us 1040x Y. Tax planning us 1040x . Tax planning us 1040x . Tax planning us 1040x ENTONCES. Tax planning us 1040x . Tax planning us 1040x . Tax planning us 1040x reclama una exención por su dependiente usted paga todos los gastos de estudios calificados de su dependiente sólo usted puede deducir los gastos de estudios calificados que usted pagó. Tax planning us 1040x Su dependiente no puede tomar la deducción. Tax planning us 1040x reclama una exención por su dependiente su dependiente pagó todos los gastos de estudios calificados a nadie se le permite tomar la deducción. Tax planning us 1040x no reclama una exención por su dependiente usted pagó todos los gastos de estudios calificados a nadie se le permite tomar la deducción. Tax planning us 1040x no reclama una exención por su dependiente su dependiente pagó todos los gastos de estudios calificados a nadie se le permite tomar la deducción. Tax planning us 1040x Gastos del Educador Si usted fue un educador que reúne los requisitos en el año 2013, puede deducir en la línea 23 del Formulario 1040 o en la línea 16 del Formulario 1040A, hasta $250 por concepto de gastos calificados que usted pagó en 2013. Tax planning us 1040x Si usted y su cónyuge están presentando una declaración de impuestos conjunta y si ambos de ustedes son educadores que reúnen los requisitos, la cantidad máxima que pueden deducir es $500. Tax planning us 1040x No obstante eso, ningún cónyuge puede deducir más de $250 en gastos calificados que él o ella ha pagado en la línea 23 del Formulario 1040 o en la línea 16 del Formulario 1040A. Tax planning us 1040x Usted quizás pueda deducir gastos que son mayores del límite de $250 (o $500) en la línea 21 del Anexo A (Formulario 1040). Tax planning us 1040x Educador que reúne los requisitos. Tax planning us 1040x   Un “educador que reúne los requisitos” es un maestro de primaria, instructor, consejero, director o ayudante, de kínder (jardín de infancia) hasta doceavo grado, que ha trabajado por lo menos 900 horas durante el año escolar. Tax planning us 1040x Gastos calificados. Tax planning us 1040x   En los gastos calificados se incluyen los gastos ordinarios (normales) y necesarios que se han pagado por libros, útiles, equipo (incluyendo equipo, programas y servicios para la computadora) y otros suministros y materiales que se utilizan en el aula. Tax planning us 1040x Un “gasto ordinario” es aquél que es común y aceptado en el campo educativo. Tax planning us 1040x Un “gasto necesario” es uno que es útil y apropiado en el desempeño de su profesión de educador. Tax planning us 1040x Un gasto no tiene que ser obligatorio para considerarse necesario. Tax planning us 1040x   Los gastos calificados no incluyen los gastos por enseñanza impartida en el hogar ni por artículos para cursos de salud o de educación física que no se usan en el desempeño del deporte. Tax planning us 1040x   Usted tiene que restar de sus gastos calificados las siguientes cantidades: Intereses de bonos de ahorros de los Estados Unidos de la serie EE y de la serie I que pueden excluirse de los ingresos y que provienen del Formulario 8815, Exclusion of Interest From Series EE and I U. Tax planning us 1040x S. Tax planning us 1040x Savings Bonds Issued After 1989 (Exclusión de los intereses provenientes de bonos de ahorros estadounidenses de las series EE e I emitidos después de 1989), en inglés. Tax planning us 1040x Vea el tema titulado Figuring the Tax-Free Amount (Cálculo de la cantidad exenta de impuestos), en el capítulo 10 de la Publicación 970, en inglés. Tax planning us 1040x Distribuciones o ganancias provenientes de un programa de matrícula calificado que no están sujetas a impuestos. Tax planning us 1040x Vea el tema titulado Figuring the Taxable Portion of a Distribution (Cálculo de la parte de una distribución sujeta a impuestos), en el capítulo 8 de la Publicación 970. Tax planning us 1040x Una distribución de ganancias no sujeta a impuestos proveniente de una cuenta Coverdell de ahorros para la educación. Tax planning us 1040x Vea el tema titulado Figuring the Taxable Portion of a Distribution (Cálculo de la parte de una distribución sujeta a impuestos), en el capítulo 7 de la Publicación 970. Tax planning us 1040x Todo reembolso de dichos gastos que haya recibido y del cual no se le haya informado en el recuadro 1 del Formulario W-2. Tax planning us 1040x Prev  Up  Next   Home   More Online Publications