File your Taxes for Free!
  • Get your maximum refund*
  • 100% accurate calculations guaranteed*

TurboTax Federal Free Edition - File Taxes Online

Don't let filing your taxes get you down! We'll help make it as easy as possible. With e-file and direct deposit, there's no faster way to get your refund!

Approved TurboTax Affiliate Site. TurboTax and TurboTax Online, among others, are registered trademarks and/or service marks of Intuit Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of the respective owners.


© 2012 - 2018 All rights reserved.

This is an Approved TurboTax Affiliate site. TurboTax and TurboTax Online, among other are registered trademarks and/or service marks of Intuit, Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of the respective owners.
When discussing "Free e-file", note that state e-file is an additional fee. E-file fees do not apply to New York state returns. Prices are subject to change without notice. E-file and get your refund faster
*If you pay an IRS or state penalty or interest because of a TurboTax calculations error, we'll pay you the penalty and interest.
*Maximum Refund Guarantee - or Your Money Back: If you get a larger refund or smaller tax due from another tax preparation method, we'll refund the applicable TurboTax federal and/or state purchase price paid. TurboTax Federal Free Edition customers are entitled to payment of $14.99 and a refund of your state purchase price paid. Claims must be submitted within sixty (60) days of your TurboTax filing date and no later than 6/15/14. E-file, Audit Defense, Professional Review, Refund Transfer and technical support fees are excluded. This guarantee cannot be combined with the TurboTax Satisfaction (Easy) Guarantee. *We're so confident your return will be done right, we guarantee it. Accurate calculations guaranteed. If you pay an IRS or state penalty or interest because of a TurboTax calculations error, we'll pay you the penalty and interest.
https://turbotax.intuit.com/corp/guarantees.jsp

Taxact 2006 Free Download

Free Tax Filing For Low Income1040 Ez Form 2012Free Tax Filing For 20102011 1040 Tax Forms1040ez 2010 Tax FormFile 1040x OnlineFederal 1040x1040ez 2011 Form1040ez Tax Return Forms 2013Late Tax Filing2011 Federal Tax Forms And InstructionsH&r Block At Home Deluxe State 2012 DownloadHappens If I Didn't File Taxes Last YearWhen Can I Amend My 2011 Tax ReturnPrintable Tax Forms 2010Irs Form 1040x 20141040ez Tax Forms DownloadsFile Free State ReturnE File Back TaxesEfile 1040x Form2010 TaxFile My Taxes OnlineFree Federal Tax Return1040ez Instruction BookH&r Block Coupons 2012 Printable2011 Tax Act OnlineVita Tax PreparationFree 2011 Tax Return OnlineOnline 1040ez Form2013 Tax Booklet 1040ezAmending 2011 Taxes1040 EzState Tax Return OnlineFile Taxes Income2010 1040File 2009 Taxes FreeHow To File Free State TaxesFree Turbotax 2012Unemployed Taxes1040 Ez File

Taxact 2006 Free Download

Taxact 2006 free download 5. Taxact 2006 free download   How To Get Tax Help Table of Contents Low Income Taxpayer Clinics Whether it's help with a tax issue, preparing your tax return or a need for a free publication or form, get the help you need the way you want it: online, use a smart phone, call or walk in to an IRS office or volunteer site near you. Taxact 2006 free download Free help with your tax return. Taxact 2006 free download   You can get free help preparing your return nationwide from IRS-certified volunteers. Taxact 2006 free download The Volunteer Income Tax Assistance (VITA) program helps low-to-moderate income, elderly, people with disabilities, and limited English proficient taxpayers. Taxact 2006 free download The Tax Counseling for the Elderly (TCE) program helps taxpayers age 60 and older with their tax returns. Taxact 2006 free download Most VITA and TCE sites offer free electronic filing and all volunteers will let you know about credits and deductions you may be entitled to claim. Taxact 2006 free download In addition, some VITA and TCE sites provide taxpayers the opportunity to prepare their own return with help from an IRS-certified volunteer. Taxact 2006 free download To find the nearest VITA or TCE site, you can use the VITA Locator Tool on IRS. Taxact 2006 free download gov, download the IRS2Go app, or call 1-800-906-9887. Taxact 2006 free download   As part of the TCE program, AARP offers the Tax-Aide counseling program. Taxact 2006 free download To find the nearest AARP Tax-Aide site, visit AARP's website at www. Taxact 2006 free download aarp. Taxact 2006 free download org/money/taxaide or call 1-888-227-7669. Taxact 2006 free download For more information on these programs, go to IRS. Taxact 2006 free download gov and enter “VITA” in the search box. Taxact 2006 free download Internet. Taxact 2006 free download    IRS. Taxact 2006 free download gov and IRS2Go are ready when you are —24 hours a day, 7 days a week. Taxact 2006 free download Download the free IRS2Go app from the iTunes app store or from Google Play. Taxact 2006 free download Use it to check your refund status, order transcripts of your tax returns or tax account, watch the IRS YouTube channel, get IRS news as soon as it's released to the public, subscribe to filing season updates or daily tax tips, and follow the IRS Twitter news feed, @IRSnews, to get the latest federal tax news, including information about tax law changes and important IRS programs. Taxact 2006 free download Check the status of your 2013 refund with the Where's My Refund? application on IRS. Taxact 2006 free download gov or download the IRS2Go app and select the Refund Status option. Taxact 2006 free download The IRS issues more than 9 out of 10 refunds in less than 21 days. Taxact 2006 free download Using these applications, you can start checking on the status of your return within 24 hours after we receive your e-filed return or 4 weeks after you mail a paper return. Taxact 2006 free download You will also be given a personalized refund date as soon as the IRS processes your tax return and approves your refund. Taxact 2006 free download The IRS updates Where's My Refund? every 24 hours, usually overnight, so you only need to check once a day. Taxact 2006 free download Use the Interactive Tax Assistant (ITA) to research your tax questions. Taxact 2006 free download No need to wait on the phone or stand in line. Taxact 2006 free download The ITA is available 24 hours a day, 7 days a week, and provides you with a variety of tax information related to general filing topics, deductions, credits, and income. Taxact 2006 free download When you reach the response screen, you can print the entire interview and the final response for your records. Taxact 2006 free download New subject areas are added on a regular basis. Taxact 2006 free download  Answers not provided through ITA may be found in Tax Trails, one of the Tax Topics on IRS. Taxact 2006 free download gov which contain general individual and business tax information or by searching the IRS Tax Map, which includes an international subject index. Taxact 2006 free download You can use the IRS Tax Map, to search publications and instructions by topic or keyword. Taxact 2006 free download The IRS Tax Map integrates forms and publications into one research tool and provides single-point access to tax law information by subject. Taxact 2006 free download When the user searches the IRS Tax Map, they will be provided with links to related content in existing IRS publications, forms and instructions, questions and answers, and Tax Topics. Taxact 2006 free download Coming this filing season, you can immediately view and print for free all 5 types of individual federal tax transcripts (tax returns, tax account, record of account, wage and income statement, and certification of non-filing) using Get Transcript. Taxact 2006 free download You can also ask the IRS to mail a return or an account transcript to you. Taxact 2006 free download Only the mail option is available by choosing the Tax Records option on the IRS2Go app by selecting Mail Transcript on IRS. Taxact 2006 free download gov or by calling 1-800-908-9946. Taxact 2006 free download Tax return and tax account transcripts are generally available for the current year and the past three years. Taxact 2006 free download Determine if you are eligible for the EITC and estimate the amount of the credit with the Earned Income Tax Credit (EITC) Assistant. Taxact 2006 free download Visit Understanding Your IRS Notice or Letter to get answers to questions about a notice or letter you received from the IRS. Taxact 2006 free download If you received the First Time Homebuyer Credit, you can use the First Time Homebuyer Credit Account Look-up tool for information on your repayments and account balance. Taxact 2006 free download Check the status of your amended return using Where's My Amended Return? Go to IRS. Taxact 2006 free download gov and enter Where's My Amended Return? in the search box. Taxact 2006 free download You can generally expect your amended return to be processed up to 12 weeks from the date we receive it. Taxact 2006 free download It can take up to 3 weeks from the date you mailed it to show up in our system. Taxact 2006 free download Make a payment using one of several safe and convenient electronic payment options available on IRS. Taxact 2006 free download gov. Taxact 2006 free download Select the Payment tab on the front page of IRS. Taxact 2006 free download gov for more information. Taxact 2006 free download Determine if you are eligible and apply for an online payment agreement, if you owe more tax than you can pay today. Taxact 2006 free download Figure your income tax withholding with the IRS Withholding Calculator on IRS. Taxact 2006 free download gov. Taxact 2006 free download Use it if you've had too much or too little withheld, your personal situation has changed, you're starting a new job or you just want to see if you're having the right amount withheld. Taxact 2006 free download Determine if you might be subject to the Alternative Minimum Tax by using the Alternative Minimum Tax Assistant on IRS. Taxact 2006 free download gov. Taxact 2006 free download Request an Electronic Filing PIN by going to IRS. Taxact 2006 free download gov and entering Electronic Filing PIN in the search box. Taxact 2006 free download Download forms, instructions and publications, including accessible versions for people with disabilities. Taxact 2006 free download Locate the nearest Taxpayer Assistance Center (TAC) using the Office Locator tool on IRS. Taxact 2006 free download gov, or choose the Contact Us option on the IRS2Go app and search Local Offices. Taxact 2006 free download An employee can answer questions about your tax account or help you set up a payment plan. Taxact 2006 free download Before you visit, check the Office Locator on IRS. Taxact 2006 free download gov, or Local Offices under Contact Us on IRS2Go to confirm the address, phone number, days and hours of operation, and the services provided. Taxact 2006 free download If you have a special need, such as a disability, you can request an appointment. Taxact 2006 free download Call the local number listed in the Office Locator, or look in the phone book under United States Government, Internal Revenue Service. Taxact 2006 free download Apply for an Employer Identification Number (EIN). Taxact 2006 free download Go to IRS. Taxact 2006 free download gov and enter Apply for an EIN in the search box. Taxact 2006 free download Read the Internal Revenue Code, regulations, or other official guidance. Taxact 2006 free download Read Internal Revenue Bulletins. Taxact 2006 free download Sign up to receive local and national tax news and more by email. Taxact 2006 free download Just click on “subscriptions” above the search box on IRS. Taxact 2006 free download gov and choose from a variety of options. Taxact 2006 free download    Phone. Taxact 2006 free download You can call the IRS, or you can carry it in your pocket with the IRS2Go app on your smart phone or tablet. Taxact 2006 free download Download the free IRS2Go app from the iTunes app store or from Google Play. Taxact 2006 free download Call to locate the nearest volunteer help site, 1-800-906-9887 or you can use the VITA Locator Tool on IRS. Taxact 2006 free download gov, or download the IRS2Go app. Taxact 2006 free download Low-to-moderate income, elderly, people with disabilities, and limited English proficient taxpayers can get free help with their tax return from the nationwide Volunteer Income Tax Assistance (VITA) program. Taxact 2006 free download The Tax Counseling for the Elderly (TCE) program helps taxpayers age 60 and older with their tax returns. Taxact 2006 free download Most VITA and TCE sites offer free electronic filing. Taxact 2006 free download Some VITA and TCE sites provide IRS-certified volunteers who can help prepare your tax return. Taxact 2006 free download Through the TCE program, AARP offers the Tax-Aide counseling program; call 1-888-227-7669 to find the nearest Tax-Aide location. Taxact 2006 free download Call the automated Where's My Refund? information hotline to check the status of your 2013 refund 24 hours a day, 7 days a week at 1-800-829-1954. Taxact 2006 free download If you e-file, you can start checking on the status of your return within 24 hours after the IRS receives your tax return or 4 weeks after you've mailed a paper return. Taxact 2006 free download The IRS issues more than 9 out of 10 refunds in less than 21 days. Taxact 2006 free download Where's My Refund? will give you a personalized refund date as soon as the IRS processes your tax return and approves your refund. Taxact 2006 free download Before you call this automated hotline, have your 2013 tax return handy so you can enter your social security number, your filing status, and the exact whole dollar amount of your refund. Taxact 2006 free download The IRS updates Where's My Refund? every 24 hours, usually overnight, so you only need to check once a day. Taxact 2006 free download Note, the above information is for our automated hotline. Taxact 2006 free download Our live phone and walk-in assistors can research the status of your refund only if it's been 21 days or more since you filed electronically or more than 6 weeks since you mailed your paper return. Taxact 2006 free download Call the Amended Return Hotline, 1-866-464-2050, to check the status of your amended return. Taxact 2006 free download You can generally expect your amended return to be processed up to 12 weeks from the date we receive it. Taxact 2006 free download It can take up to 3 weeks from the date you mailed it to show up in our system. Taxact 2006 free download Call 1-800-TAX-FORM (1-800-829-3676) to order current-year forms, instructions, publications, and prior-year forms and instructions (limited to 5 years). Taxact 2006 free download You should receive your order within 10 business days. Taxact 2006 free download Call TeleTax, 1-800-829-4477, to listen to pre-recorded messages covering general and business tax information. Taxact 2006 free download If, between January and April 15, you still have questions about the Form 1040, 1040A, or 1040EZ (like filing requirements, dependents, credits, Schedule D, pensions and IRAs or self-employment taxes), call 1-800-829-1040. Taxact 2006 free download Call using TTY/TDD equipment, 1-800-829-4059 to ask tax questions or order forms and publications. Taxact 2006 free download The TTY/TDD telephone number is for people who are deaf, hard of hearing, or have a speech disability. Taxact 2006 free download These individuals can also contact the IRS through relay services such as the Federal Relay Service. Taxact 2006 free download    Walk-in. Taxact 2006 free download You can find a selection of forms, publications and services — in-person. Taxact 2006 free download Products. Taxact 2006 free download You can walk in to some post offices, libraries, and IRS offices to pick up certain forms, instructions, and publications. Taxact 2006 free download Some IRS offices, libraries, and city and county government offices have a collection of products available to photocopy from reproducible proofs. Taxact 2006 free download Services. Taxact 2006 free download You can walk in to your local TAC for face-to-face tax help. Taxact 2006 free download An employee can answer questions about your tax account or help you set up a payment plan. Taxact 2006 free download Before visiting, use the Office Locator tool on IRS. Taxact 2006 free download gov, or choose the Contact Us option on the IRS2Go app and search Local Offices for days and hours of operation, and services provided. Taxact 2006 free download    Mail. Taxact 2006 free download You can send your order for forms, instructions, and publications to the address below. Taxact 2006 free download You should receive a response within 10 business days after your request is received. Taxact 2006 free download Internal Revenue Service 1201 N. Taxact 2006 free download Mitsubishi Motorway Bloomington, IL 61705-6613    The Taxpayer Advocate Service Is Here to Help You. Taxact 2006 free download The Taxpayer Advocate Service (TAS) is your voice at the IRS. Taxact 2006 free download Our job is to ensure that every taxpayer is treated fairly and that you know and understand your rights. Taxact 2006 free download   What can TAS do for you? We can offer you free help with IRS problems that you can't resolve on your own. Taxact 2006 free download We know this process can be confusing, but the worst thing you can do is nothing at all! TAS can help if you can't resolve your tax problem and: Your problem is causing financial difficulties for you, your family, or your business. Taxact 2006 free download You face (or your business is facing) an immediate threat of adverse action. Taxact 2006 free download You've tried repeatedly to contact the IRS but no one has responded, or the IRS hasn't responded by the date promised. Taxact 2006 free download   If you qualify for our help, you'll be assigned to one advocate who'll be with you at every turn and will do everything possible to resolve your problem. Taxact 2006 free download Here's why we can help: TAS is an independent organization within the IRS. Taxact 2006 free download Our advocates know how to work with the IRS. Taxact 2006 free download Our services are free and tailored to meet your needs. Taxact 2006 free download We have offices in every state, the District of Columbia, and Puerto Rico. Taxact 2006 free download   How can you reach us? If you think TAS can help you, call your local advocate, whose number is in your local directory and at Taxpayer Advocate, or call us toll-free at 1-877-777-4778. Taxact 2006 free download   How else does TAS help taxpayers?  TAS also works to resolve large-scale, systemic problems that affect many taxpayers. Taxact 2006 free download If you know of one of these broad issues, please report it to us through our Systemic Advocacy Management System. Taxact 2006 free download Low Income Taxpayer Clinics Low Income Taxpayer Clinics (LITCs) serve individuals whose income is below a certain level and need to resolve tax problems such as audits, appeals and tax collection disputes. Taxact 2006 free download Some clinics can provide information about taxpayer rights and responsibilities in different languages for individuals who speak English as a second language. Taxact 2006 free download Visit Taxpayer Advocate or see IRS Publication 4134, Low Income Taxpayer Clinic List. Taxact 2006 free download Prev  Up  Next   Home   More Online Publications
Español

Marine Corps

A part of the Navy, the Marine Corps is the only branch of the armed services specifically tasked by Congress to be able to fight on land, at sea, or in the air.

Contact the Agency or Department

Website: Marine Corps

Address: U.S. Marine Corps
2 Navy Annex (Pentagon 5D773)

Washington, DC 20380-1775

Parent Agency

The Taxact 2006 Free Download

Taxact 2006 free download 10. Taxact 2006 free download   Education Savings Bond Program Table of Contents Introduction Who Can Cash In Bonds Tax FreeAdjusted qualified education expenses. Taxact 2006 free download Eligible educational institution. Taxact 2006 free download Dependent for whom you claim an exemption. Taxact 2006 free download MAGI when using Form 1040A. Taxact 2006 free download MAGI when using Form 1040. Taxact 2006 free download Figuring the Tax-Free AmountEffect of the Amount of Your Income on the Amount of Your Exclusion Claiming the Exclusion Introduction Generally, you must pay tax on the interest earned on U. Taxact 2006 free download S. Taxact 2006 free download savings bonds. Taxact 2006 free download If you do not include the interest in income in the years it is earned, you must include it in your income in the year in which you cash in the bonds. Taxact 2006 free download However, when you cash in certain savings bonds under an education savings bond program, you may be able to exclude the interest from income. Taxact 2006 free download Who Can Cash In Bonds Tax Free You may be able to cash in qualified U. Taxact 2006 free download S. Taxact 2006 free download savings bonds without having to include in your income some or all of the interest earned on the bonds if you meet the following conditions. Taxact 2006 free download You pay qualified education expenses for yourself, your spouse, or a dependent for whom you claim an exemption on your return. Taxact 2006 free download Your modified adjusted gross income (MAGI) is less than the amount specified for your filing status. Taxact 2006 free download Your filing status is not married filing separately. Taxact 2006 free download Qualified U. Taxact 2006 free download S. Taxact 2006 free download savings bonds. Taxact 2006 free download   A qualified U. Taxact 2006 free download S. Taxact 2006 free download savings bond is a series EE bond issued after 1989 or a series I bond. Taxact 2006 free download The bond must be issued either in your name (as the sole owner) or in the name of both you and your spouse (as co-owners). Taxact 2006 free download   The owner must be at least 24 years old before the bond's issue date. Taxact 2006 free download The issue date is printed on the front of the savings bond. Taxact 2006 free download    The issue date is not necessarily the date of purchase—it will be the first day of the month in which the bond is purchased (or posted, if bought electronically). Taxact 2006 free download Qualified education expenses. Taxact 2006 free download   These include the following items you pay for either yourself, your spouse, or a dependent for whom you claim an exemption. Taxact 2006 free download Tuition and fees required to enroll at or attend an eligible educational institution. Taxact 2006 free download Qualified education expenses do not include expenses for room and board or for courses involving sports, games, or hobbies that are not part of a degree or certificate granting program. Taxact 2006 free download Contributions to a qualified tuition program (QTP) (see How Much Can You Contribute in chapter 8, Qualified Tuition Program). Taxact 2006 free download Contributions to a Coverdell education savings account (ESA) (see Contributions in chapter 7, Coverdell Education Savings Account). Taxact 2006 free download Adjusted qualified education expenses. Taxact 2006 free download   You must reduce your qualified education expenses by all of the following tax-free benefits. Taxact 2006 free download Tax-free part of scholarships and fellowships (see Tax-Free Scholarships and Fellowships in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions). Taxact 2006 free download Expenses used to figure the tax-free portion of distributions from a Coverdell ESA (see Qualified Education Expenses in chapter 7, Coverdell Education Savings Account). Taxact 2006 free download Expenses used to figure the tax-free portion of distributions from a QTP (see Qualified education expenses in chapter 8, Qualified Tuition Program). Taxact 2006 free download Any tax-free payments (other than gifts or inheritances) received as educational assistance, such as: Veterans' educational assistance benefits (see Veterans' Benefits in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions), Qualified tuition reductions (see Qualified Tuition Reduction in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions), or Employer-provided educational assistance (see chapter 11, Employer-Provided Educational Assistance ). Taxact 2006 free download Any expenses used in figuring the American opportunity and lifetime learning credits. Taxact 2006 free download See What Expenses Qualify in chapter 2, American Opportunity Credit, and What Expenses Qualify in chapter 3, Lifetime Learning Credit, for more information. Taxact 2006 free download Eligible educational institution. Taxact 2006 free download   An eligible educational institution is any college, university, vocational school, or other postsecondary educational institution eligible to participate in a student aid program administered by the U. Taxact 2006 free download S. Taxact 2006 free download Department of Education. Taxact 2006 free download It includes virtually all accredited public, nonprofit, and proprietary (privately owned profit-making) postsecondary institutions. Taxact 2006 free download The educational institution should be able to tell you if it is an eligible educational institution. Taxact 2006 free download   Certain educational institutions located outside the United States also participate in the U. Taxact 2006 free download S. Taxact 2006 free download Department of Education's Federal Student Aid (FSA) programs. Taxact 2006 free download Dependent for whom you claim an exemption. Taxact 2006 free download   You claim an exemption for a person if you list his or her name and other required information on Form 1040 (or Form 1040A), line 6c. Taxact 2006 free download Modified adjusted gross income (MAGI). Taxact 2006 free download   For most taxpayers, MAGI is adjusted gross income (AGI) as figured on their federal income tax return without taking into account this interest exclusion. Taxact 2006 free download However, as discussed below, there may be other modifications. Taxact 2006 free download MAGI when using Form 1040A. Taxact 2006 free download   If you file Form 1040A, your MAGI is the AGI on line 22 of that form figured without taking into account any savings bond interest exclusion and modified by adding back any amount on line 18 (student loan interest deduction) and line 19 (tuition and fees deduction). Taxact 2006 free download MAGI when using Form 1040. Taxact 2006 free download   If you file Form 1040, your MAGI is the AGI on line 38 of that form figured without taking into account any savings bond interest exclusion and modified by adding back any: Foreign earned income exclusion, Foreign housing exclusion, Foreign housing deduction, Exclusion of income by bona fide residents of American Samoa, Exclusion of income by bona fide residents of Puerto Rico, Exclusion for adoption benefits received under an employer's adoption assistance program, Deduction for student loan interest, Deduction for tuition and fees, and Deduction for domestic production activities. Taxact 2006 free download    Use the worksheet in the instructions for line 9 of Form 8815 to figure your MAGI. Taxact 2006 free download If you claim any of the exclusion or deduction items (1)–(6) listed above, add the amount of the exclusion or deduction to the amount on line 5 of the worksheet. Taxact 2006 free download Do not add in the deduction for (7) student loan interest, and (8) tuition and fees, or (9) domestic production activities because line 4 of the worksheet already includes these amounts. Taxact 2006 free download Enter the total on Form 8815, line 9, as your modified adjusted gross income (MAGI). Taxact 2006 free download    Because the deduction for interest expenses attributable to royalties and other investments is limited to your net investment income, you cannot figure the deduction until you have figured this interest exclusion. Taxact 2006 free download Therefore, if you had interest expenses attributable to royalties and deductible on Schedule E (Form 1040), Supplemental Income and Loss, you must make a special computation of your deductible interest without regard to this exclusion to figure the net royalty income included in your MAGI. Taxact 2006 free download See Royalties included in MAGI under Education Savings Bond Program in Publication 550, chapter 1. Taxact 2006 free download Figuring the Tax-Free Amount If the total you receive when you cash in the bonds is not more than the adjusted qualified education expenses for the year, all of the interest on the bonds may be tax free. Taxact 2006 free download However, if the total you receive when you cash in the bonds is more than the adjusted expenses, only part of the interest may be tax free. Taxact 2006 free download To determine the tax-free amount, multiply the interest part of the proceeds by a fraction. Taxact 2006 free download The numerator (top part) of the fraction is the adjusted qualified education expenses (AQEE) you paid during the year. Taxact 2006 free download The denominator (bottom part) of the fraction is the total proceeds you received during the year. Taxact 2006 free download Example. Taxact 2006 free download In February 2013, Mark and Joan Washington, a married couple, cashed a qualified series EE U. Taxact 2006 free download S. Taxact 2006 free download savings bond. Taxact 2006 free download They received proceeds of $9,000, representing principal of $6,000 and interest of $3,000. Taxact 2006 free download In 2013, they paid $7,650 of their daughter's college tuition. Taxact 2006 free download They are not claiming an American opportunity or lifetime learning credit for those expenses, and their daughter does not have any tax-free educational assistance. Taxact 2006 free download Their MAGI for 2013 was $80,000. Taxact 2006 free download   $3,000 interest × $7,650 AQEE  $9,000 proceeds = $2,550 tax-free interest   They can exclude $2,550 of interest in 2013. Taxact 2006 free download They must pay tax on the remaining $450 ($3,000 − $2,550) interest. Taxact 2006 free download Effect of the Amount of Your Income on the Amount of Your Exclusion The amount of your interest exclusion is gradually reduced (phased out) based on your MAGI and filing status. Taxact 2006 free download Claiming the Exclusion Use Form 8815 to figure your education savings bond interest exclusion. Taxact 2006 free download Enter your exclusion on line 3 of Schedule B (Form 1040A or 1040), Interest and Ordinary Dividends. Taxact 2006 free download Attach Form 8815 to your tax return. Taxact 2006 free download Prev  Up  Next   Home   More Online Publications