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Turbo Tax 1040x

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Turbo Tax 1040x

Turbo tax 1040x 11. Turbo tax 1040x   Social Security and Equivalent Railroad Retirement Benefits Table of Contents Introduction Useful Items - You may want to see: Are Any of Your Benefits Taxable? How To Report Your BenefitsHow Much Is Taxable? Examples Deductions Related to Your BenefitsRepayments More Than Gross Benefits Introduction This chapter explains the federal income tax rules for social security benefits and equivalent tier 1 railroad retirement benefits. Turbo tax 1040x It explains the following topics. Turbo tax 1040x How to figure whether your benefits are taxable. Turbo tax 1040x How to use the social security benefits worksheet (with examples). Turbo tax 1040x How to report your taxable benefits. Turbo tax 1040x How to treat repayments that are more than the benefits you received during the year. Turbo tax 1040x Social security benefits include monthly retirement, survivor, and disability benefits. Turbo tax 1040x They do not include supplemental security income (SSI) payments, which are not taxable. Turbo tax 1040x Equivalent tier 1 railroad retirement benefits are the part of tier 1 benefits that a railroad employee or beneficiary would have been entitled to receive under the social security system. Turbo tax 1040x They are commonly called the social security equivalent benefit (SSEB) portion of tier 1 benefits. Turbo tax 1040x If you received these benefits during 2013, you should have received a Form SSA-1099, Social Security Benefit Statement, or Form RRB-1099, Payments by the Railroad Retirement Board. Turbo tax 1040x These forms show the amounts received and repaid, and taxes withheld for the year. Turbo tax 1040x You may receive more than one of these forms for the same year. Turbo tax 1040x You should add the amounts shown on all the Forms SSA-1099 and Forms RRB-1099 you receive for the year to determine the total amounts received and repaid, and taxes withheld for that year. Turbo tax 1040x See the Appendix at the end of Publication 915 for more information. Turbo tax 1040x Note. Turbo tax 1040x When the term “benefits” is used in this chapter, it applies to both social security benefits and the SSEB portion of tier 1 railroad retirement benefits. Turbo tax 1040x What is not covered in this chapter. Turbo tax 1040x   This chapter does not cover the tax rules for the following railroad retirement benefits. Turbo tax 1040x Non-social security equivalent benefit (NSSEB) portion of tier 1 benefits. Turbo tax 1040x Tier 2 benefits. Turbo tax 1040x Vested dual benefits. Turbo tax 1040x Supplemental annuity benefits. Turbo tax 1040x For information on these benefits, see Publication 575, Pension and Annuity Income. Turbo tax 1040x   This chapter does not cover the tax rules for social security benefits reported on Form SSA-1042S, Social Security Benefit Statement, or Form RRB-1042S, Statement for Nonresident Alien Recipients of: Payments by the Railroad Retirement Board. Turbo tax 1040x For information about these benefits, see Publication 519, U. Turbo tax 1040x S. Turbo tax 1040x Tax Guide for Aliens, and Publication 915, Social Security and Equivalent Railroad Retirement Benefits. Turbo tax 1040x   This chapter also does not cover the tax rules for foreign social security benefits. Turbo tax 1040x These benefits are taxable as annuities, unless they are exempt from U. Turbo tax 1040x S. Turbo tax 1040x tax or treated as a U. Turbo tax 1040x S. Turbo tax 1040x social security benefit under a tax treaty. Turbo tax 1040x Useful Items - You may want to see: Publication 505 Tax Withholding and Estimated Tax 575 Pension and Annuity Income 590 Individual Retirement Arrangements (IRAs) 915 Social Security and Equivalent Railroad Retirement Benefits Forms (and Instructions) 1040-ES Estimated Tax for Individuals SSA-1099 Social Security Benefit Statement RRB-1099 Payments by the Railroad Retirement Board W-4V Voluntary Withholding Request Are Any of Your Benefits Taxable? To find out whether any of your benefits may be taxable, compare the base amount for your filing status with the total of: One-half of your benefits, plus All your other income, including tax-exempt interest. Turbo tax 1040x When making this comparison, do not reduce your other income by any exclusions for: Interest from qualified U. Turbo tax 1040x S. Turbo tax 1040x savings bonds, Employer-provided adoption benefits, Foreign earned income or foreign housing, or Income earned by bona fide residents of American Samoa or Puerto Rico. Turbo tax 1040x Children's benefits. Turbo tax 1040x   The rules in this chapter apply to benefits received by children. Turbo tax 1040x See Who is taxed , later. Turbo tax 1040x Figuring total income. Turbo tax 1040x   To figure the total of one-half of your benefits plus your other income, use Worksheet 11-1 later in this discussion. Turbo tax 1040x If the total is more than your base amount, part of your benefits may be taxable. Turbo tax 1040x    If you are married and file a joint return for 2013, you and your spouse must combine your incomes and your benefits to figure whether any of your combined benefits are taxable. Turbo tax 1040x Even if your spouse did not receive any benefits, you must add your spouse's income to yours to figure whether any of your benefits are taxable. Turbo tax 1040x    If the only income you received during 2013 was your social security or the SSEB portion of tier 1 railroad retirement benefits, your benefits generally are not taxable and you probably do not have to file a return. Turbo tax 1040x If you have income in addition to your benefits, you may have to file a return even if none of your benefits are taxable. Turbo tax 1040x Base amount. Turbo tax 1040x   Your base amount is: $25,000 if you are single, head of household, or qualifying widow(er), $25,000 if you are married filing separately and lived apart from your spouse for all of 2013, $32,000 if you are married filing jointly, or $-0- if you are married filing separately and lived with your spouse at any time during 2013. Turbo tax 1040x Worksheet 11-1. Turbo tax 1040x   You can use Worksheet 11-1 to figure the amount of income to compare with your base amount. Turbo tax 1040x This is a quick way to check whether some of your benefits may be taxable. Turbo tax 1040x Worksheet 11-1. Turbo tax 1040x A Quick Way To Check if Your Benefits May Be Taxable A. Turbo tax 1040x Enter the amount from box 5 of all your Forms SSA-1099 and RRB-1099. Turbo tax 1040x Include the full amount of any lump-sum benefit payments received in 2013, for 2013 and earlier years. Turbo tax 1040x (If you received more than one form, combine the amounts from box 5 and enter the total. Turbo tax 1040x ) A. Turbo tax 1040x   Note. Turbo tax 1040x If the amount on line A is zero or less, stop here; none of your benefits are taxable this year. Turbo tax 1040x B. Turbo tax 1040x Enter one-half of the amount on line A B. Turbo tax 1040x   C. Turbo tax 1040x Enter your taxable pensions, wages, interest, dividends, and other taxable income C. Turbo tax 1040x   D. Turbo tax 1040x Enter any tax-exempt interest income (such as interest on municipal bonds) plus any exclusions from income (listed earlier) D. Turbo tax 1040x   E. Turbo tax 1040x Add lines B, C, and D E. Turbo tax 1040x   Note. Turbo tax 1040x Compare the amount on line E to your base amount for your filing status. Turbo tax 1040x If the amount on line E equals or is less than the base amount for your filing status, none of your benefits are taxable this year. Turbo tax 1040x If the amount on line E is more than your base amount, some of your benefits may be taxable. Turbo tax 1040x You need to complete Worksheet 1 in Publication 915 (or the Social Security Benefits Worksheet in your tax form instructions). Turbo tax 1040x If none of your benefits are taxable, but you otherwise must file a tax return, see Benefits not taxable , later, under How To Report Your Benefits. Turbo tax 1040x Example. Turbo tax 1040x You and your spouse (both over 65) are filing a joint return for 2013 and you both received social security benefits during the year. Turbo tax 1040x In January 2014, you received a Form SSA-1099 showing net benefits of $7,500 in box 5. Turbo tax 1040x Your spouse received a Form SSA-1099 showing net benefits of $3,500 in box 5. Turbo tax 1040x You also received a taxable pension of $22,800 and interest income of $500. Turbo tax 1040x You did not have any tax-exempt interest income. Turbo tax 1040x Your benefits are not taxable for 2013 because your income, as figured in Worksheet 11-1, is not more than your base amount ($32,000) for married filing jointly. Turbo tax 1040x Even though none of your benefits are taxable, you must file a return for 2013 because your taxable gross income ($23,300) exceeds the minimum filing requirement amount for your filing status. Turbo tax 1040x Filled-in Worksheet 11-1. Turbo tax 1040x A Quick Way To Check if Your Benefits May Be Taxable A. Turbo tax 1040x Enter the amount from box 5 of all your Forms SSA-1099 and RRB-1099. Turbo tax 1040x Include the full amount of any lump-sum benefit payments received in 2013, for 2013 and earlier years. Turbo tax 1040x (If you received more than one form, combine the amounts from box 5 and enter the total. Turbo tax 1040x ) A. Turbo tax 1040x $11,000 Note. Turbo tax 1040x If the amount on line A is zero or less, stop here; none of your benefits are taxable this year. Turbo tax 1040x B. Turbo tax 1040x Enter one-half of the amount on line A B. Turbo tax 1040x 5,500 C. Turbo tax 1040x Enter your taxable pensions, wages, interest, dividends, and other taxable income C. Turbo tax 1040x 23,300 D. Turbo tax 1040x Enter any tax-exempt interest income (such as interest on municipal bonds) plus any exclusions from income (listed earlier) D. Turbo tax 1040x -0- E. Turbo tax 1040x Add lines B, C, and D E. Turbo tax 1040x $28,800 Note. Turbo tax 1040x Compare the amount on line E to your base amount for your filing status. Turbo tax 1040x If the amount on line E equals or is less than the base amount for your filing status, none of your benefits are taxable this year. Turbo tax 1040x If the amount on line E is more than your base amount, some of your benefits may be taxable. Turbo tax 1040x You need to complete Worksheet 1 in Publication 915 (or the Social Security Benefits Worksheet in your tax form instructions). Turbo tax 1040x If none of your benefits are taxable, but you otherwise must file a tax return, see Benefits not taxable , later, under How To Report Your Benefits. Turbo tax 1040x Who is taxed. Turbo tax 1040x   Benefits are included in the taxable income (to the extent they are taxable) of the person who has the legal right to receive the benefits. Turbo tax 1040x For example, if you and your child receive benefits, but the check for your child is made out in your name, you must use only your part of the benefits to see whether any benefits are taxable to you. Turbo tax 1040x One-half of the part that belongs to your child must be added to your child's other income to see whether any of those benefits are taxable to your child. Turbo tax 1040x Repayment of benefits. Turbo tax 1040x   Any repayment of benefits you made during 2013 must be subtracted from the gross benefits you received in 2013. Turbo tax 1040x It does not matter whether the repayment was for a benefit you received in 2013 or in an earlier year. Turbo tax 1040x If you repaid more than the gross benefits you received in 2013, see Repayments More Than Gross Benefits , later. Turbo tax 1040x   Your gross benefits are shown in box 3 of Form SSA-1099 or RRB-1099. Turbo tax 1040x Your repayments are shown in box 4. Turbo tax 1040x The amount in box 5 shows your net benefits for 2013 (box 3 minus box 4). Turbo tax 1040x Use the amount in box 5 to figure whether any of your benefits are taxable. Turbo tax 1040x Tax withholding and estimated tax. Turbo tax 1040x   You can choose to have federal income tax withheld from your social security benefits and/or the SSEB portion of your tier 1 railroad retirement benefits. Turbo tax 1040x If you choose to do this, you must complete a Form W-4V. Turbo tax 1040x   If you do not choose to have income tax withheld, you may have to request additional withholding from other income or pay estimated tax during the year. Turbo tax 1040x For details, see Publication 505 or the instructions for Form 1040-ES. Turbo tax 1040x How To Report Your Benefits If part of your benefits are taxable, you must use Form 1040 or Form 1040A. Turbo tax 1040x You cannot use Form 1040EZ. Turbo tax 1040x Reporting on Form 1040. Turbo tax 1040x   Report your net benefits (the total amount from box 5 of all your Forms SSA-1099 and Forms RRB-1099) on line 20a and the taxable part on line 20b. Turbo tax 1040x If you are married filing separately and you lived apart from your spouse for all of 2013, also enter “D” to the right of the word “benefits” on line 20a. Turbo tax 1040x Reporting on Form 1040A. Turbo tax 1040x   Report your net benefits (the total amount from box 5 of all your Forms SSA-1099 and Forms RRB-1099) on line 14a and the taxable part on line 14b. Turbo tax 1040x If you are married filing separately and you lived apart from your spouse for all of 2013, also enter “D” to the right of the word “benefits” on line 14a. Turbo tax 1040x Benefits not taxable. Turbo tax 1040x   If you are filing Form 1040EZ, do not report any benefits on your tax return. Turbo tax 1040x If you are filing Form 1040 or Form 1040A, report your net benefits (the total amount from box 5 of all your Forms SSA-1099 and Forms RRB-1099) on Form 1040, line 20a, or Form 1040A, line 14a. Turbo tax 1040x Enter -0- on Form 1040, line 20b, or Form 1040A, line 14b. Turbo tax 1040x If you are married filing separately and you lived apart from your spouse for all of 2013, also enter “D” to the right of the word “benefits” on Form 1040, line 20a, or Form 1040A, line 14a. Turbo tax 1040x How Much Is Taxable? If part of your benefits are taxable, how much is taxable depends on the total amount of your benefits and other income. Turbo tax 1040x Generally, the higher that total amount, the greater the taxable part of your benefits. Turbo tax 1040x Maximum taxable part. Turbo tax 1040x   Generally, up to 50% of your benefits will be taxable. Turbo tax 1040x However, up to 85% of your benefits can be taxable if either of the following situations applies to you. Turbo tax 1040x The total of one-half of your benefits and all your other income is more than $34,000 ($44,000 if you are married filing jointly). Turbo tax 1040x You are married filing separately and lived with your spouse at any time during 2013. Turbo tax 1040x Which worksheet to use. Turbo tax 1040x   A worksheet you can use to figure your taxable benefits is in the instructions for your Form 1040 or Form 1040A. Turbo tax 1040x You can use either that worksheet or Worksheet 1 in Publication 915, unless any of the following situations applies to you. Turbo tax 1040x You contributed to a traditional individual retirement arrangement (IRA) and you or your spouse is covered by a retirement plan at work. Turbo tax 1040x In this situation, you must use the special worksheets in Appendix B of Publication 590 to figure both your IRA deduction and your taxable benefits. Turbo tax 1040x Situation (1) does not apply and you take an exclusion for interest from qualified U. Turbo tax 1040x S. Turbo tax 1040x savings bonds (Form 8815), for adoption benefits (Form 8839), for foreign earned income or housing (Form 2555 or Form 2555-EZ), or for income earned in American Samoa (Form 4563) or Puerto Rico by bona fide residents. Turbo tax 1040x In this situation, you must use Worksheet 1 in Publication 915 to figure your taxable benefits. Turbo tax 1040x You received a lump-sum payment for an earlier year. Turbo tax 1040x In this situation, also complete Worksheet 2 or 3 and Worksheet 4 in Publication 915. Turbo tax 1040x See Lump-sum election next. Turbo tax 1040x Lump-sum election. Turbo tax 1040x   You must include the taxable part of a lump-sum (retroactive) payment of benefits received in 2013 in your 2013 income, even if the payment includes benefits for an earlier year. Turbo tax 1040x    This type of lump-sum benefit payment should not be confused with the lump-sum death benefit that both the SSA and RRB pay to many of their beneficiaries. Turbo tax 1040x No part of the lump-sum death benefit is subject to tax. Turbo tax 1040x   Generally, you use your 2013 income to figure the taxable part of the total benefits received in 2013. Turbo tax 1040x However, you may be able to figure the taxable part of a lump-sum payment for an earlier year separately, using your income for the earlier year. Turbo tax 1040x You can elect this method if it lowers your taxable benefits. Turbo tax 1040x Making the election. Turbo tax 1040x   If you received a lump-sum benefit payment in 2013 that includes benefits for one or more earlier years, follow the instructions in Publication 915 under Lump-Sum Election to see whether making the election will lower your taxable benefits. Turbo tax 1040x That discussion also explains how to make the election. Turbo tax 1040x    Because the earlier year's taxable benefits are included in your 2013 income, no adjustment is made to the earlier year's return. Turbo tax 1040x Do not file an amended return for the earlier year. Turbo tax 1040x Examples The following are a few examples you can use as a guide to figure the taxable part of your benefits. Turbo tax 1040x Example 1. Turbo tax 1040x George White is single and files Form 1040 for 2013. Turbo tax 1040x He received the following income in 2013: Fully taxable pension $18,600 Wages from part-time job 9,400 Taxable interest income 990 Total $28,990 George also received social security benefits during 2013. Turbo tax 1040x The Form SSA-1099 he received in January 2014 shows $5,980 in box 5. Turbo tax 1040x To figure his taxable benefits, George completes the worksheet shown here. Turbo tax 1040x Filled-in Worksheet 1. Turbo tax 1040x Figuring Your Taxable Benefits 1. Turbo tax 1040x Enter the total amount from box 5 of ALL your Forms SSA-1099 and RRB-1099. Turbo tax 1040x Also enter this amount on Form 1040, line 20a, or Form 1040A, line 14a $5,980 2. Turbo tax 1040x Enter one-half of line 1 2,990 3. Turbo tax 1040x Combine the amounts from:     Form 1040: Lines 7, 8a, 9a, 10 through 14, 15b, 16b, 17 through 19, and 21. Turbo tax 1040x     Form 1040A: Lines 7, 8a, 9a, 10, 11b, 12b, and 13 28,990 4. Turbo tax 1040x Enter the amount, if any, from Form 1040 or 1040A, line 8b -0-       5. Turbo tax 1040x Enter the total of any exclusions/adjustments for: Adoption benefits (Form 8839, line 28), Foreign earned income or housing (Form 2555, lines 45 and 50, or Form 2555-EZ, line 18), and Certain income of bona fide residents of American Samoa (Form 4563, line 15) or Puerto Rico -0-       6. Turbo tax 1040x Combine lines 2, 3, 4, and 5 31,980 7. Turbo tax 1040x Form 1040 filers: Enter the amount from Form 1040, lines 23 through 32, and any write-in adjustments you entered on the dotted line next to line 36. Turbo tax 1040x     Form 1040A filers: Enter the amount from Form 1040A, lines 16 and 17 -0- 8. Turbo tax 1040x Is the amount on line 7 less than the amount on line 6?     No. Turbo tax 1040x None of your social security benefits are taxable. Turbo tax 1040x Enter -0- on Form 1040, line 20b, or Form 1040A, line 14b. Turbo tax 1040x   Yes. Turbo tax 1040x Subtract line 7 from line 6 31,980 9. Turbo tax 1040x If you are: Married filing jointly, enter $32,000 Single, head of household, qualifying widow(er), or married filing separately and you lived apart from your spouse for all of 2013, enter $25,000 25,000   Note. Turbo tax 1040x If you are married filing separately and you lived with your spouse at any time in 2013, skip lines 9 through 16; multiply line 8 by 85% (. Turbo tax 1040x 85) and enter the result on line 17. Turbo tax 1040x Then go to line 18. Turbo tax 1040x   10. Turbo tax 1040x Is the amount on line 9 less than the amount on line 8?     No. Turbo tax 1040x None of your benefits are taxable. Turbo tax 1040x Enter -0- on Form 1040, line 20b, or on Form 1040A, line 14b. Turbo tax 1040x If you are married filing separately and you lived apart from your spouse for all of 2013, be sure you entered “D” to the right of the word “benefits” on Form 1040, line 20a, or on Form 1040A, line 14a. Turbo tax 1040x     Yes. Turbo tax 1040x Subtract line 9 from line 8 6,980 11. Turbo tax 1040x Enter $12,000 if married filing jointly; $9,000 if single, head of household, qualifying widow(er), or married filing separately and you lived apart from your spouse for all of 2013 9,000 12. Turbo tax 1040x Subtract line 11 from line 10. Turbo tax 1040x If zero or less, enter -0- -0- 13. Turbo tax 1040x Enter the smaller of line 10 or line 11 6,980 14. Turbo tax 1040x Enter one-half of line 13 3,490 15. Turbo tax 1040x Enter the smaller of line 2 or line 14 2,990 16. Turbo tax 1040x Multiply line 12 by 85% (. Turbo tax 1040x 85). Turbo tax 1040x If line 12 is zero, enter -0- -0- 17. Turbo tax 1040x Add lines 15 and 16 2,990 18. Turbo tax 1040x Multiply line 1 by 85% (. Turbo tax 1040x 85) 5,083 19. Turbo tax 1040x Taxable benefits. Turbo tax 1040x Enter the smaller of line 17 or line 18. Turbo tax 1040x Also enter this amount on Form 1040, line 20b, or Form 1040A, line 14b $2,990 The amount on line 19 of George's worksheet shows that $2,990 of his social security benefits is taxable. Turbo tax 1040x On line 20a of his Form 1040, George enters his net benefits of $5,980. Turbo tax 1040x On line 20b, he enters his taxable benefits of $2,990. Turbo tax 1040x Example 2. Turbo tax 1040x Ray and Alice Hopkins file a joint return on Form 1040A for 2013. Turbo tax 1040x Ray is retired and received a fully taxable pension of $15,500. Turbo tax 1040x He also received social security benefits, and his Form SSA-1099 for 2013 shows net benefits of $5,600 in box 5. Turbo tax 1040x Alice worked during the year and had wages of $14,000. Turbo tax 1040x She made a deductible payment to her IRA account of $1,000. Turbo tax 1040x Ray and Alice have two savings accounts with a total of $250 in taxable interest income. Turbo tax 1040x They complete Worksheet 1, entering $29,750 ($15,500 + $14,000 + $250) on line 3. Turbo tax 1040x They find none of Ray's social security benefits are taxable. Turbo tax 1040x On Form 1040A, they enter $5,600 on line 14a and -0- on line 14b. Turbo tax 1040x Filled-in Worksheet 1. Turbo tax 1040x Figuring Your Taxable Benefits 1. Turbo tax 1040x Enter the total amount from box 5 of ALL your Forms SSA-1099 and RRB-1099. Turbo tax 1040x Also enter this amount on Form 1040, line 20a, or Form 1040A, line 14a $5,600 2. Turbo tax 1040x Enter one-half of line 1 2,800 3. Turbo tax 1040x Combine the amounts from:     Form 1040: Lines 7, 8a, 9a, 10 through 14, 15b, 16b, 17 through 19, and 21. Turbo tax 1040x     Form 1040A: Lines 7, 8a, 9a, 10, 11b, 12b, and 13 29,750 4. Turbo tax 1040x Enter the amount, if any, from Form 1040 or 1040A, line 8b -0-       5. Turbo tax 1040x Enter the total of any exclusions/adjustments for: Adoption benefits (Form 8839, line 28), Foreign earned income or housing (Form 2555, lines 45 and 50, or Form 2555-EZ, line 18), and Certain income of bona fide residents of American Samoa (Form 4563, line 15) or Puerto Rico -0-       6. Turbo tax 1040x Combine lines 2, 3, 4, and 5 32,550 7. Turbo tax 1040x Form 1040 filers: Enter the amount from Form 1040, lines 23 through 32, and any write-in adjustments you entered on the dotted line next to line 36. Turbo tax 1040x     Form 1040A filers: Enter the amount from Form 1040A, lines 16 and 17 1,000 8. Turbo tax 1040x Is the amount on line 7 less than the amount on line 6?     No. Turbo tax 1040x None of your social security benefits are taxable. Turbo tax 1040x Enter -0- on Form 1040, line 20b, or Form 1040A, line 14b. Turbo tax 1040x   Yes. Turbo tax 1040x Subtract line 7 from line 6 31,550 9. Turbo tax 1040x If you are: Married filing jointly, enter $32,000 Single, head of household, qualifying widow(er), or married filing separately and you lived apart from your spouse for all of 2013, enter $25,000 32,000   Note. Turbo tax 1040x If you are married filing separately and you lived with your spouse at any time in 2013, skip lines 9 through 16; multiply line 8 by 85% (. Turbo tax 1040x 85) and enter the result on line 17. Turbo tax 1040x Then go to line 18. Turbo tax 1040x   10. Turbo tax 1040x Is the amount on line 9 less than the amount on line 8?     No. Turbo tax 1040x None of your benefits are taxable. Turbo tax 1040x Enter -0- on Form 1040, line 20b, or on Form 1040A, line 14b. Turbo tax 1040x If you are married filing separately and you lived apart from your spouse for all of 2013, be sure you entered “D” to the right of the word “benefits” on Form 1040, line 20a, or on Form 1040A, line 14a. Turbo tax 1040x     Yes. Turbo tax 1040x Subtract line 9 from line 8   11. Turbo tax 1040x Enter $12,000 if married filing jointly; $9,000 if single, head of household, qualifying widow(er), or married filing separately and you lived apart from your spouse for all of 2013   12. Turbo tax 1040x Subtract line 11 from line 10. Turbo tax 1040x If zero or less, enter -0-   13. Turbo tax 1040x Enter the smaller of line 10 or line 11   14. Turbo tax 1040x Enter one-half of line 13   15. Turbo tax 1040x Enter the smaller of line 2 or line 14   16. Turbo tax 1040x Multiply line 12 by 85% (. Turbo tax 1040x 85). Turbo tax 1040x If line 12 is zero, enter -0-   17. Turbo tax 1040x Add lines 15 and 16   18. Turbo tax 1040x Multiply line 1 by 85% (. Turbo tax 1040x 85)   19. Turbo tax 1040x Taxable benefits. Turbo tax 1040x Enter the smaller of line 17 or line 18. Turbo tax 1040x Also enter this amount on Form 1040, line 20b, or Form 1040A, line 14b   Example 3. Turbo tax 1040x Joe and Betty Johnson file a joint return on Form 1040 for 2013. Turbo tax 1040x Joe is a retired railroad worker and in 2013 received the social security equivalent benefit (SSEB) portion of tier 1 railroad retirement benefits. Turbo tax 1040x Joe's Form RRB-1099 shows $10,000 in box 5. Turbo tax 1040x Betty is a retired government worker and receives a fully taxable pension of $38,000. Turbo tax 1040x They had $2,300 in taxable interest income plus interest of $200 on a qualified U. Turbo tax 1040x S. Turbo tax 1040x savings bond. Turbo tax 1040x The savings bond interest qualified for the exclusion. Turbo tax 1040x They figure their taxable benefits by completing Worksheet 1. Turbo tax 1040x Because they have qualified U. Turbo tax 1040x S. Turbo tax 1040x savings bond interest, they follow the note at the beginning of the worksheet and use the amount from line 2 of their Schedule B (Form 1040A or 1040) on line 3 of the worksheet instead of the amount from line 8a of their Form 1040. Turbo tax 1040x On line 3 of the worksheet, they enter $40,500 ($38,000 + $2,500). Turbo tax 1040x Filled-in Worksheet 1. Turbo tax 1040x Figuring Your Taxable Benefits Before you begin: • If you are married filing separately and you lived apart from your spouse for all of 2013, enter “D” to the right of the word “benefits” on Form 1040, line 20a, or Form 1040A, line 14a. Turbo tax 1040x • Do not use this worksheet if you repaid benefits in 2013 and your total repayments (box 4 of Forms SSA-1099 and RRB-1099) were more than your gross benefits for 2013 (box 3 of Forms SSA-1099 and RRB-1099). Turbo tax 1040x None of your benefits are taxable for 2013. Turbo tax 1040x For more information, see Repayments More Than Gross Benefits. Turbo tax 1040x • If you are filing Form 8815, Exclusion of Interest From Series EE and I U. Turbo tax 1040x S. Turbo tax 1040x Savings Bonds Issued After 1989, do not include the amount from line 8a of Form 1040 or Form 1040A on line 3 of this worksheet. Turbo tax 1040x Instead, include the amount from Schedule B (Form 1040A or 1040), line 2. Turbo tax 1040x 1. Turbo tax 1040x Enter the total amount from box 5 of ALL your Forms SSA-1099 and RRB-1099. Turbo tax 1040x Also enter this amount on Form 1040, line 20a, or Form 1040A, line 14a $10,000 2. Turbo tax 1040x Enter one-half of line 1 5,000 3. Turbo tax 1040x Combine the amounts from:     Form 1040: Lines 7, 8a, 9a, 10 through 14, 15b, 16b, 17 through 19, and 21. Turbo tax 1040x     Form 1040A: Lines 7, 8a, 9a, 10, 11b, 12b, and 13 40,500 4. Turbo tax 1040x Enter the amount, if any, from Form 1040 or 1040A, line 8b -0-       5. Turbo tax 1040x Enter the total of any exclusions/adjustments for: Adoption benefits (Form 8839, line 28), Foreign earned income or housing (Form 2555, lines 45 and 50, or Form 2555-EZ, line 18), and Certain income of bona fide residents of American Samoa (Form 4563, line 15) or Puerto Rico -0-       6. Turbo tax 1040x Combine lines 2, 3, 4, and 5 45,500 7. Turbo tax 1040x Form 1040 filers: Enter the amount from Form 1040, lines 23 through 32, and any write-in adjustments you entered on the dotted line next to line 36. Turbo tax 1040x     Form 1040A filers: Enter the amount from Form 1040A, lines 16 and 17 -0- 8. Turbo tax 1040x Is the amount on line 7 less than the amount on line 6?     No. Turbo tax 1040x None of your social security benefits are taxable. Turbo tax 1040x Enter -0- on Form 1040, line 20b, or Form 1040A, line 14b. Turbo tax 1040x   Yes. Turbo tax 1040x Subtract line 7 from line 6 45,500 9. Turbo tax 1040x If you are: Married filing jointly, enter $32,000 Single, head of household, qualifying widow(er), or married filing separately and you lived apart from your spouse for all of 2013, enter $25,000 32,000   Note. Turbo tax 1040x If you are married filing separately and you lived with your spouse at any time in 2013, skip lines 9 through 16; multiply line 8 by 85% (. Turbo tax 1040x 85) and enter the result on line 17. Turbo tax 1040x Then go to line 18. Turbo tax 1040x   10. Turbo tax 1040x Is the amount on line 9 less than the amount on line 8?     No. Turbo tax 1040x None of your benefits are taxable. Turbo tax 1040x Enter -0- on Form 1040, line 20b, or on Form 1040A, line 14b. Turbo tax 1040x If you are married filing separately and you lived apart from your spouse for all of 2013, be sure you entered “D” to the right of the word “benefits” on Form 1040, line 20a, or on Form 1040A, line 14a. Turbo tax 1040x     Yes. Turbo tax 1040x Subtract line 9 from line 8 13,500 11. Turbo tax 1040x Enter $12,000 if married filing jointly; $9,000 if single, head of household, qualifying widow(er), or married filing separately and you lived apart from your spouse for all of 2013 12,000 12. Turbo tax 1040x Subtract line 11 from line 10. Turbo tax 1040x If zero or less, enter -0- 1,500 13. Turbo tax 1040x Enter the smaller of line 10 or line 11 12,000 14. Turbo tax 1040x Enter one-half of line 13 6,000 15. Turbo tax 1040x Enter the smaller of line 2 or line 14 5,000 16. Turbo tax 1040x Multiply line 12 by 85% (. Turbo tax 1040x 85). Turbo tax 1040x If line 12 is zero, enter -0- 1,275 17. Turbo tax 1040x Add lines 15 and 16 6,275 18. Turbo tax 1040x Multiply line 1 by 85% (. Turbo tax 1040x 85) 8,500 19. Turbo tax 1040x Taxable benefits. Turbo tax 1040x Enter the smaller of line 17 or line 18. Turbo tax 1040x Also enter this amount on Form 1040, line 20b, or Form 1040A, line 14b $6,275 More than 50% of Joe's net benefits are taxable because the income on line 8 of the worksheet ($45,500) is more than $44,000. Turbo tax 1040x Joe and Betty enter $10,000 on Form 1040, line 20a, and $6,275 on Form 1040, line 20b. Turbo tax 1040x Deductions Related to Your Benefits You may be entitled to deduct certain amounts related to the benefits you receive. Turbo tax 1040x Disability payments. Turbo tax 1040x   You may have received disability payments from your employer or an insurance company that you included as income on your tax return in an earlier year. Turbo tax 1040x If you received a lump-sum payment from SSA or RRB, and you had to repay the employer or insurance company for the disability payments, you can take an itemized deduction for the part of the payments you included in gross income in the earlier year. Turbo tax 1040x If the amount you repay is more than $3,000, you may be able to claim a tax credit instead. Turbo tax 1040x Claim the deduction or credit in the same way explained under Repayments More Than Gross Benefits , later. Turbo tax 1040x Legal expenses. Turbo tax 1040x   You can usually deduct legal expenses that you pay or incur to produce or collect taxable income or in connection with the determination, collection, or refund of any tax. Turbo tax 1040x   Legal expenses for collecting the taxable part of your benefits are deductible as a miscellaneous itemized deduction on Schedule A (Form 1040), line 23. Turbo tax 1040x Repayments More Than Gross Benefits In some situations, your Form SSA-1099 or Form RRB-1099 will show that the total benefits you repaid (box 4) are more than the gross benefits (box 3) you received. Turbo tax 1040x If this occurred, your net benefits in box 5 will be a negative figure (a figure in parentheses) and none of your benefits will be taxable. Turbo tax 1040x Do not use a worksheet in this case. Turbo tax 1040x If you receive more than one form, a negative figure in box 5 of one form is used to offset a positive figure in box 5 of another form for that same year. Turbo tax 1040x If you have any questions about this negative figure, contact your local SSA office or your local RRB field office. Turbo tax 1040x Joint return. Turbo tax 1040x   If you and your spouse file a joint return, and your Form SSA-1099 or RRB-1099 has a negative figure in box 5, but your spouse's does not, subtract the amount in box 5 of your form from the amount in box 5 of your spouse's form. Turbo tax 1040x You do this to get your net benefits when figuring if your combined benefits are taxable. Turbo tax 1040x Example. Turbo tax 1040x John and Mary file a joint return for 2013. Turbo tax 1040x John received Form SSA-1099 showing $3,000 in box 5. Turbo tax 1040x Mary also received Form SSA-1099 and the amount in box 5 was ($500). Turbo tax 1040x John and Mary will use $2,500 ($3,000 minus $500) as the amount of their net benefits when figuring if any of their combined benefits are taxable. Turbo tax 1040x Repayment of benefits received in an earlier year. Turbo tax 1040x   If the total amount shown in box 5 of all of your Forms SSA-1099 and RRB-1099 is a negative figure, you can take an itemized deduction for the part of this negative figure that represents benefits you included in gross income in an earlier year. Turbo tax 1040x Deduction $3,000 or less. Turbo tax 1040x   If this deduction is $3,000 or less, it is subject to the 2%-of-adjusted-gross-income limit that applies to certain miscellaneous itemized deductions. Turbo tax 1040x Claim it on Schedule A (Form 1040), line 23. Turbo tax 1040x Deduction more than $3,000. Turbo tax 1040x    If this deduction is more than $3,000, you should figure your tax two ways: Figure your tax for 2013 with the itemized deduction included on Schedule A, line 28. Turbo tax 1040x Figure your tax for 2013 in the following steps. Turbo tax 1040x Figure the tax without the itemized deduction included on Schedule A, line 28. Turbo tax 1040x For each year after 1983 for which part of the negative figure represents a repayment of benefits, refigure your taxable benefits as if your total benefits for the year were reduced by that part of the negative figure. Turbo tax 1040x Then refigure the tax for that year. Turbo tax 1040x Subtract the total of the refigured tax amounts in (b) from the total of your actual tax amounts. Turbo tax 1040x Subtract the result in (c) from the result in (a). Turbo tax 1040x Compare the tax figured in methods (1) and (2). Turbo tax 1040x Your tax for 2013 is the smaller of the two amounts. Turbo tax 1040x If method (1) results in less tax, take the itemized deduction on Schedule A (Form 1040), line 28. Turbo tax 1040x If method (2) results in less tax, claim a credit for the amount from step 2(c) above on Form 1040, line 71. Turbo tax 1040x Check box d and enter “I. Turbo tax 1040x R. Turbo tax 1040x C. Turbo tax 1040x 1341” in the space next to that box. Turbo tax 1040x If both methods produce the same tax, deduct the repayment on Schedule A (Form 1040), line 28. Turbo tax 1040x Prev  Up  Next   Home   More Online Publications
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The Turbo Tax 1040x

Turbo tax 1040x Index A Accounting method Accrual, Accrual Method, Accrual method. Turbo tax 1040x Automatic procedures, Automatic change procedures. Turbo tax 1040x Cash, Cash Method, Cash method. Turbo tax 1040x Change in, Change in Accounting Method Combination, Combination Method Special, Special Methods Accounting periods, Accounting Periods Accrual method Income - general rule, Income—General Rule Income - special rules, Income—Special Rules Of accounting, Accrual Method Adjusted basis, Adjusted basis. Turbo tax 1040x Administrator, Executor or administrator. Turbo tax 1040x Alternative fuel vehicle refueling property credit, Alternative fuel vehicle refueling property credit (Form 8911). Turbo tax 1040x Alternative motor vehicle credit, Alternative motor vehicle credit (Form 8910). Turbo tax 1040x Appeal rights, Appeals. Turbo tax 1040x Appreciation, Appreciation. Turbo tax 1040x Audits, Examinations (audits). Turbo tax 1040x Automobile (see Car expenses) B Bad debts, Bad Debts Barter income, Bartering for Property or Services Basis of property, Basis. Turbo tax 1040x Bribes, Expenses You Cannot Deduct Business expenses, Business Expenses Business income, Business Income Business use of your home, Business Use of Your Home C Canceled debt, Canceled Debt Cancellation of qualified real property business debt, Cancellation of qualified real property business debt. Turbo tax 1040x Capital gain or loss, Is My Gain or Loss Ordinary or Capital? Car expenses, Car and Truck Expenses, Methods for Deducting Car and Truck Expenses Carbon dioxide sequestration credit, Carbon dioxide sequestration credit (Form 8933). Turbo tax 1040x Cash discount, Cash discounts. Turbo tax 1040x , Cash discounts. Turbo tax 1040x Cash method Expenses, Expenses Income, Income Changing accounting method, Changing accounting method. Turbo tax 1040x Charitable contributions, Expenses You Cannot Deduct Child employed by parent, Child employed by parent. Turbo tax 1040x Claim for refund, Refunds. Turbo tax 1040x Collection of tax, Collections. Turbo tax 1040x Combination method of accounting, Combination Method Comments on publication, Comments and suggestions. Turbo tax 1040x Condemned property, Condemned property. Turbo tax 1040x Consignments, Consignments. Turbo tax 1040x Construction allowances, Construction allowances. Turbo tax 1040x Cost of goods sold, How To Figure Cost of Goods Sold Credit Alternative fuel vehicle refueling property, Alternative fuel vehicle refueling property credit (Form 8911). Turbo tax 1040x Alternative motor vehicle, Alternative motor vehicle credit (Form 8910). Turbo tax 1040x Carbon dioxide sequestration, Carbon dioxide sequestration credit (Form 8933). Turbo tax 1040x Disabled access, Disabled access credit (Form 8826). Turbo tax 1040x Distilled spirits, Distilled spirits credit (Form 8906). Turbo tax 1040x Employer-provided childcare, Credit for employer-provided childcare facilities and services (Form 8882). Turbo tax 1040x How to claim, How To Claim the Credit Indian coal, Renewable electricity, refined coal, and Indian coal production credit (Form 8835). Turbo tax 1040x Investment, Investment credit (Form 3468). Turbo tax 1040x Low sulfur diesel fuel production, Low sulfur diesel fuel production credit (Form 8896). Turbo tax 1040x Low-income housing, Low-income housing credit (Form 8586). Turbo tax 1040x New markets, New markets credit (Form 8874). Turbo tax 1040x Nonconventional source fuel, Nonconventional source fuel credit (Form 8907). Turbo tax 1040x Orphan drug, Orphan drug credit (Form 8820). Turbo tax 1040x Qualified plug-in electric drive motor vehicle, Qualified plug-in electric drive motor vehicle credit (Form 8936). Turbo tax 1040x Refined coal, Renewable electricity, refined coal, and Indian coal production credit (Form 8835). Turbo tax 1040x Renewable electricity, Renewable electricity, refined coal, and Indian coal production credit (Form 8835). Turbo tax 1040x Small employer health insurance premiums, Credit for small employer health insurance premiums (Form 8941). Turbo tax 1040x Small employer pension plan startup costs, Credit for small employer pension plan startup costs (Form 8881). Turbo tax 1040x Taxes paid on certain employee tips, Credit for employer social security and Medicare taxes paid on certain employee tips (Form 8846). Turbo tax 1040x Work opportunity, Work opportunity credit (Form 5884). Turbo tax 1040x D Damages, Damages. Turbo tax 1040x Debt Bad, Bad Debts Canceled, Canceled Debt Qualified real property business, Qualified real property business debt. Turbo tax 1040x Refund offset against, Offset against debts. Turbo tax 1040x Definitions Accounting methods, Accounting Methods Accounting periods, Accounting Periods Barter, Bartering for Property or Services Basis, Basis. Turbo tax 1040x Business bad debt, Business bad debt. Turbo tax 1040x Calendar tax year, Calendar tax year. Turbo tax 1040x Cash discount, Cash discounts. Turbo tax 1040x , Cash discounts. Turbo tax 1040x Disposition of property, What Is a Disposition of Property? Drawing account, Merchandise withdrawn from sale. Turbo tax 1040x Entertainment expenses, Entertainment expenses. Turbo tax 1040x Fair market value, Fair market value. Turbo tax 1040x Fiscal tax year, Fiscal tax year. Turbo tax 1040x Fringe benefit, Fringe benefits. Turbo tax 1040x Local transportation expenses, Local transportation expenses. Turbo tax 1040x Necessary expense, Introduction Net operating loss, Net Operating Losses (NOLs) Nonbusiness bad debt, Nonbusiness bad debts. Turbo tax 1040x Ordinary expense, Introduction Principal place of business, Principal place of business. Turbo tax 1040x Qualified long-term real property, Qualified long-term real property. Turbo tax 1040x Qualified real property business debt, Cancellation of qualified real property business debt. Turbo tax 1040x Rent, Rent Expense Restricted property, Other Income Retail space, Retail space. Turbo tax 1040x Self-employment (SE) tax, Self-Employment (SE) Tax Sole proprietor, Sole proprietor. Turbo tax 1040x Tax home, Local transportation expenses. Turbo tax 1040x Trade discount, Trade discounts. Turbo tax 1040x , Cash discounts. Turbo tax 1040x Travel expenses, Travel, Meals, and Entertainment Depreciation Deduction, Depreciation Listed property, Listed property. Turbo tax 1040x Depreciation, recapture, Recapture of depreciation. Turbo tax 1040x Direct seller, Direct seller. Turbo tax 1040x , Real estate agent or direct seller. Turbo tax 1040x Disabled access credit, Disabled access credit (Form 8826). Turbo tax 1040x Disposition of property Business property, Introduction Installment sale, Installment sales. Turbo tax 1040x , Installment sales. Turbo tax 1040x Like-kind exchange, Like-kind exchanges. Turbo tax 1040x , Like-kind exchanges. Turbo tax 1040x , Exchange of like-kind property. Turbo tax 1040x Nontaxable exchange, Nontaxable exchanges. Turbo tax 1040x Sale of a business, Sale of a business. Turbo tax 1040x Distilled spirits credit, Distilled spirits credit (Form 8906). Turbo tax 1040x Dividend income, Interest and Dividend Income Donation of inventory, Donation of inventory. Turbo tax 1040x Drawing account, Merchandise withdrawn from sale. Turbo tax 1040x Due date of return, When Is My Tax Return Due? E e-file, IRS e-file (Electronic Filing) Economic injury, Economic injury. Turbo tax 1040x EFTPS, EFTPS Electronic filing, IRS e-file (Electronic Filing) Employee, Employee. Turbo tax 1040x Employee benefit programs, Fringe benefits. Turbo tax 1040x Employees' pay, Employees' Pay Employer identification number (EIN), Employer identification number (EIN). Turbo tax 1040x Employment taxes About, Employment Taxes Deduction for, Employment taxes. Turbo tax 1040x Entertainment expenses, Entertainment expenses. Turbo tax 1040x (see Travel expenses) Escrow, payments placed in, Payment placed in escrow. Turbo tax 1040x Estimated tax, How Do I Pay Income Tax? Examinations (audits), Examinations (audits). Turbo tax 1040x Excise taxes About, Excise Taxes Deduction for, Excise taxes. Turbo tax 1040x Executor, Executor or administrator. Turbo tax 1040x Expenses, Business Expenses Bad debts, Bad Debts Car, Car and Truck Expenses Depreciation, Depreciation Employees' pay, Employees' Pay Entertainment, Travel, Meals, and Entertainment Home, business use, Business Use of Your Home Insurance, Insurance Interest, Interest Legal and professional fees, Legal and Professional Fees Meals, Travel, Meals, and Entertainment Nondeductible, Expenses You Cannot Deduct Other, Other Expenses You Can Deduct Pension plans, Pension Plans Rent, Rent Expense Taxes, Taxes Travel, Travel, Meals, and Entertainment Truck, Car and Truck Expenses F Fair market value, Fair market value. Turbo tax 1040x Filing business taxes, Filing and Paying Business Taxes Fishing crew member, Fishing crew member. Turbo tax 1040x , Fishing crew member. Turbo tax 1040x Form 1040 (tax return), How Do I File? 1040-ES (estimated tax), How Do I Pay Income Tax? 1040-V (voucher), Balance due. Turbo tax 1040x 1099-B (barter), Information returns. Turbo tax 1040x 1099-MISC (miscellaneous), Form 1099-MISC. Turbo tax 1040x , Information returns. Turbo tax 1040x 1128 (change tax year), Change in tax year. Turbo tax 1040x 2210 (underpayment of estimated tax), Penalty for underpayment of tax. Turbo tax 1040x 2290 (excise tax for heavy trucks), Form 2290. Turbo tax 1040x 3115 (change accounting method), Change in Accounting Method 3468 (investment credit), Investment credit (Form 3468). Turbo tax 1040x 3800 (general business credit), Useful Items - You may want to see: 4562 (depreciation), Form 4562. Turbo tax 1040x 4684 (casualty and theft), Casualties and thefts. Turbo tax 1040x 4797 (sale of business property), Dispositions of business property and depreciable property. Turbo tax 1040x , Condemned property. Turbo tax 1040x , Listed property. Turbo tax 1040x 4868 (extension), When Is My Tax Return Due? 5884 (work opportunity credit), Work opportunity credit (Form 5884). Turbo tax 1040x 6251 (alternative minimum tax), Useful Items - You may want to see: 6252 (installment sale), Installment sales. Turbo tax 1040x 720 (excise tax return), Form 720. Turbo tax 1040x 8300 (cash payments over $10,000), Form 8300. Turbo tax 1040x 8586 (low-income housing), Low-income housing credit (Form 8586). Turbo tax 1040x 8594 (asset acquisition), Sale of a business. Turbo tax 1040x 8820 (orphan drug credit), Orphan drug credit (Form 8820). Turbo tax 1040x 8824 (like-kind exchange), Like-kind exchanges. Turbo tax 1040x , Like-kind exchanges. Turbo tax 1040x 8826 (disabled access credit), Disabled access credit (Form 8826). Turbo tax 1040x 8829 (business in home), Deduction limit. Turbo tax 1040x 8835 (renewable electricity, coal credit), Renewable electricity, refined coal, and Indian coal production credit (Form 8835). Turbo tax 1040x 8846 (credit for social security on tip income), Credit for employer social security and Medicare taxes paid on certain employee tips (Form 8846). Turbo tax 1040x 8857 (innocent spouse), Innocent spouse relief. Turbo tax 1040x 8874 (new markets credit), New markets credit (Form 8874). Turbo tax 1040x 8879 (self-selected PIN), Using an Authorized IRS e-file Provider 8881 (pension plan startup costs credit), Credit for small employer pension plan startup costs (Form 8881). Turbo tax 1040x 8882 (employer-provided childcare credit), Credit for employer-provided childcare facilities and services (Form 8882). Turbo tax 1040x 8886 (transaction statement), Reminders 8896 (low sulfur diesel fuel production credit), Low sulfur diesel fuel production credit (Form 8896). Turbo tax 1040x 8906 (distilled spirits credit), Distilled spirits credit (Form 8906). Turbo tax 1040x 8907 (nonconventional fuel credit), Nonconventional source fuel credit (Form 8907). Turbo tax 1040x 8910 (alternative vehicle credit), Alternative motor vehicle credit (Form 8910). Turbo tax 1040x , Car and Truck Expenses 8911 (alternative fuel refueling property credit), Alternative fuel vehicle refueling property credit (Form 8911). Turbo tax 1040x 8933 (carbon dioxide sequestration credit), Carbon dioxide sequestration credit (Form 8933). Turbo tax 1040x 8936 (qualified plug-in electric drive motor vehicle), Qualified plug-in electric drive motor vehicle credit (Form 8936). Turbo tax 1040x 8941 (small employer health insurance premiums), Credit for small employer health insurance premiums (Form 8941). Turbo tax 1040x 982 (discharge of indebtedness), Exclusions Schedule C (sole proprietor), How Do I File? Schedule C-EZ (sole proprietor), How Do I File? Schedule SE (self-employment tax), Who must pay self-employment tax. Turbo tax 1040x SS-4 (application for EIN), Employer identification number (EIN). Turbo tax 1040x SS-5 (application for SSN), Social security number (SSN). Turbo tax 1040x W-2 (report wages), Form W-2. Turbo tax 1040x W-4 (employee withholding), Employee. Turbo tax 1040x W-7 (application for ITIN), Individual taxpayer identification number (ITIN). Turbo tax 1040x W-9 (request for TIN), Other payee. Turbo tax 1040x Fringe benefits, Fringe benefits. Turbo tax 1040x Fuel taxes, Fuel taxes. Turbo tax 1040x G Gains and losses, Gains and losses. Turbo tax 1040x General business credits, General Business Credits, Business Credits Gross profit Accuracy, Testing Gross Profit Accuracy Additions to, Additions to Gross Profit Guidelines for selected occupations, Guidelines for Selected Occupations (see also Occupations, selected) H Health insurance, deduction for self-employed, Self-employed health insurance deduction. Turbo tax 1040x Home, business use of, Business Use of Your Home Hotels, boarding houses, and apartments, Hotels, boarding houses, and apartments. Turbo tax 1040x Husband and wife business, Business owned and operated by spouses. Turbo tax 1040x I Identification numbers, Identification Numbers Income, Items That Are Not Income (see also Not income) Accounting for your, Accounting for Your Income Barter, Bartering for Property or Services Business, Business Income Damages, Damages. Turbo tax 1040x Gains and losses, Gains and losses. Turbo tax 1040x Kickbacks, Kickbacks. Turbo tax 1040x Kinds of income, Kinds of Income Lost income payments, Lost income payments. Turbo tax 1040x Other, Other Income Paid to a third party, Income paid to a third party. Turbo tax 1040x Personal property rent, Personal Property Rents Promissory notes, Promissory notes. Turbo tax 1040x Recapture of depreciation, Recapture of depreciation. Turbo tax 1040x Recovery of items previously deducted, Recovery of items previously deducted. Turbo tax 1040x Rental, Real Estate Rents, Personal Property Rents Restricted property, Restricted property. Turbo tax 1040x Income tax About, Income Tax Deduction for, Income taxes. Turbo tax 1040x How to pay, How Do I Pay Income Tax? Underpayment penalty, Penalty for underpayment of tax. Turbo tax 1040x Income tax return, who must file, Do I Have To File an Income Tax Return? Independent contractor, Independent contractor. Turbo tax 1040x , Employment Taxes, Sole proprietor or independent contractor. Turbo tax 1040x Individual taxpayer identification number (ITIN), Individual taxpayer identification number (ITIN). Turbo tax 1040x Information returns, Information Returns Information, How to get more, How To Get More Information Innocent spouse relief, Innocent spouse relief. Turbo tax 1040x Installment sales, Installment sales. Turbo tax 1040x Insurance Expense, Insurance Nondeductible premiums, Nondeductible premiums. Turbo tax 1040x Prepayment, Prepayment. Turbo tax 1040x Proceeds, Insurance proceeds. Turbo tax 1040x Self-employed health, Self-employed health insurance deduction. Turbo tax 1040x Insurance agent Former, Insurance agent, former. Turbo tax 1040x Retired, Insurance agent, retired. Turbo tax 1040x Interest Expenses, Interest Income, Interest and Dividend Income Inventories, Inventories Investment credit, Investment credit (Form 3468). Turbo tax 1040x K Kickbacks, Kickbacks. Turbo tax 1040x , Expenses You Cannot Deduct L Lease bonus, Lease bonus. Turbo tax 1040x Lease cancellation payments, Lease cancellation payments. Turbo tax 1040x Legal fees, Legal and Professional Fees Like-kind exchanges, Like-kind exchanges. Turbo tax 1040x , Exchange of like-kind property. Turbo tax 1040x Limited liability company, Limited liability company (LLC). Turbo tax 1040x Listed property, Listed property. Turbo tax 1040x Lobbying expense, Expenses You Cannot Deduct Local transportation expenses, Local transportation expenses. Turbo tax 1040x Lodging, Meals and lodging. Turbo tax 1040x Long-term capital gain or loss, Is My Capital Gain or Loss Short Term or Long Term? Lost income payments, Lost income payments. Turbo tax 1040x Low sulfur diesel fuel production credit, Low sulfur diesel fuel production credit (Form 8896). Turbo tax 1040x Low-income housing credit, Low-income housing credit (Form 8586). Turbo tax 1040x M Meals, Meals and lodging. Turbo tax 1040x (see Travel expenses) Methods for figuring net earnings, Methods for Figuring Net Earnings Mileage rate for vehicles, Standard mileage rate. Turbo tax 1040x Motor vehicle, alternative credit, Alternative motor vehicle credit (Form 8910). Turbo tax 1040x N Net operating losses, Net Operating Losses (NOLs) Net profit or loss, Introduction New markets credit, New markets credit (Form 8874). Turbo tax 1040x Newspaper carrier or distributor, Newspaper carrier or distributor. Turbo tax 1040x Newspaper or magazine vendor, Newspaper or magazine vendor. Turbo tax 1040x Nonbusiness bad debt, Nonbusiness bad debts. Turbo tax 1040x Nonconventional source fuel credit, Nonconventional source fuel credit (Form 8907). Turbo tax 1040x Nondeductible insurance premiums, Nondeductible premiums. Turbo tax 1040x Nonemployee compensation, Introduction Nontaxable exchanges, Nontaxable exchanges. Turbo tax 1040x Not income Appreciation, Appreciation. Turbo tax 1040x Consignments, Consignments. Turbo tax 1040x Constructions allowances, Construction allowances. Turbo tax 1040x Exchange of like-kind property, Exchange of like-kind property. Turbo tax 1040x Leasehold improvements, Leasehold improvements. Turbo tax 1040x Loans, Loans. Turbo tax 1040x Sales tax, Sales tax. Turbo tax 1040x Not-for-profit activities, Not-for-Profit Activities Notary public, Notary public. Turbo tax 1040x , Notary public. Turbo tax 1040x O Occupations, selected Administrator, Executor or administrator. Turbo tax 1040x Direct seller, Direct seller. Turbo tax 1040x , Real estate agent or direct seller. Turbo tax 1040x Executor, Executor or administrator. Turbo tax 1040x Fishing crew member, Fishing crew member. Turbo tax 1040x Insurance agent, former, Insurance agent, former. Turbo tax 1040x Insurance agent, retired, Insurance agent, retired. Turbo tax 1040x Newspaper carrier or distributor, Newspaper carrier or distributor. Turbo tax 1040x Newspaper or magazine vendor, Newspaper or magazine vendor. Turbo tax 1040x Notary public, Notary public. Turbo tax 1040x Public official, Public official. Turbo tax 1040x Real estate agent, Real estate agent or direct seller. Turbo tax 1040x Securities dealer, Securities dealer. Turbo tax 1040x Securities trader, Securities trader. Turbo tax 1040x Office in the home, Office in the home. Turbo tax 1040x (see also Business use of your home) Optional methods, using both, Using Both Optional Methods Ordinary gain or loss, Is My Gain or Loss Ordinary or Capital? Orphan drug credit, Orphan drug credit (Form 8820). Turbo tax 1040x P Parking fees, Parking fees and tolls. Turbo tax 1040x Partners, husband and wife, Business owned and operated by spouses. Turbo tax 1040x Pay, kinds of, Kinds of pay. Turbo tax 1040x Paying Business taxes, Filing and Paying Business Taxes Income tax, How Do I Pay Income Tax? Payments to third parties, Payments to third parties. Turbo tax 1040x Penalties and fines, Expenses You Cannot Deduct Penalty Failure to file Form 8300, Penalties. Turbo tax 1040x Failure to file information returns, Penalties. Turbo tax 1040x Failure to furnish correct payee statements, Penalties. Turbo tax 1040x Underpayment of tax, Penalty for underpayment of tax. Turbo tax 1040x Waiver of, Waiver of penalties. Turbo tax 1040x Pension plans, Pension Plans Personal property tax, Personal property tax. Turbo tax 1040x Prepaid expense Extends useful life, Prepayment. Turbo tax 1040x Rent, Rent paid in advance. Turbo tax 1040x Professional fees, Legal and Professional Fees Promissory notes, Promissory notes. Turbo tax 1040x Public official, Public official. Turbo tax 1040x Punitive damages, Punitive damages. Turbo tax 1040x Q Qualified plug-in electric drive motor vehicle credit, Qualified plug-in electric drive motor vehicle credit (Form 8936). Turbo tax 1040x Qualified real property business debt, Qualified real property business debt. Turbo tax 1040x R Real estate Agent, Real estate agent or direct seller. Turbo tax 1040x Dealer, Real estate dealer. Turbo tax 1040x Rent, Real Estate Rents Taxes, Real estate taxes. Turbo tax 1040x Recovery of items previously deducted, Recovery of items previously deducted. Turbo tax 1040x Refund Inquiries, Refund inquiries. Turbo tax 1040x Offsets against debts, Offset against debts. Turbo tax 1040x Related persons Unreasonable rent, Unreasonable rent. Turbo tax 1040x Renewable electricity, refined coal, and Indian coal production credit, Renewable electricity, refined coal, and Indian coal production credit (Form 8835). Turbo tax 1040x Rent expense, Rent Expense Rental income, Real Estate Rents Repayment of income, Repayment of income. Turbo tax 1040x Reportable transaction disclosure statement, Reminders Reporting self-employment tax, Reporting Self-Employment Tax Restricted property, Restricted property. Turbo tax 1040x Retirement plans (see Pension plans) S Salaries, Employees' Pay Sale of a business, Sale of a business. Turbo tax 1040x Sale of property, What Is a Disposition of Property? (see also Disposition of property) Sales of assets, Introduction Sales tax, Sales tax. Turbo tax 1040x Schedule C, How Do I File? Schedule C-EZ, How Do I File? Schedule SE (Form 1040), Who must pay self-employment tax. Turbo tax 1040x Schedule SE, filing requirement, Reporting Self-Employment Tax SE tax About, Self-Employment (SE) Tax Aliens, Aliens. Turbo tax 1040x Child employed by parent, Child employed by parent. Turbo tax 1040x Church employee, Church employee. Turbo tax 1040x Community property income, Community Property Income Deduction for, Self-employment tax. Turbo tax 1040x Earning credits, Earning credits in 2013 and 2014. Turbo tax 1040x Effects of using an optional method, Effects of using an optional method. Turbo tax 1040x Farm optional method, Farm Optional Method Fiscal year filer, Fiscal Year Filer Fishing crew member, Fishing crew member. Turbo tax 1040x Gain or loss, Gain or Loss Government employee, State or local government employee. Turbo tax 1040x , Foreign government or international organization employee. Turbo tax 1040x Joint return, Joint return. Turbo tax 1040x Lost income payments, Lost Income Payments Maximum earnings For 2011, What's New for 2013, Maximum earnings subject to SE tax. Turbo tax 1040x Subject to, Maximum earnings subject to self-employment tax. Turbo tax 1040x Methods for figuring net earnings, Methods for Figuring Net Earnings More than one business, More Than One Business, More than one business. Turbo tax 1040x Nonfarm optional method, Nonfarm Optional Method Notary public, Notary public. Turbo tax 1040x Optional methods Farm, Farm Optional Method Nonfarm, Nonfarm Optional Method Rate, SE tax rate. Turbo tax 1040x Regular method, Regular Method Residing abroad, U. Turbo tax 1040x S. Turbo tax 1040x citizen or resident alien residing abroad. Turbo tax 1040x Special rules and exceptions, Special Rules and Exceptions Tax rate, SE tax rate. Turbo tax 1040x Time limit for posting income, The Social Security Administration (SSA) time limit for posting self-employment income. Turbo tax 1040x Who must pay, Who Must Pay SE Tax? Why use an optional method, Why use an optional method? Section 179 Deduction, Section 179 deduction. Turbo tax 1040x Property, Section 179 property. Turbo tax 1040x Securities Dealer, Securities dealer. Turbo tax 1040x Trader, Securities trader. Turbo tax 1040x Self-employed health insurance deduction, Self-employed health insurance deduction. Turbo tax 1040x Self-employment tax (see SE tax) Settlement payments, Settlement payments. Turbo tax 1040x Short-term capital gain or loss, Is My Capital Gain or Loss Short Term or Long Term? Signature, electronic, Electronic signatures. Turbo tax 1040x Small Business Administration, Small Business Administration Small employer health insurance premiums credit, Credit for small employer health insurance premiums (Form 8941). Turbo tax 1040x Social security coverage, Social security coverage. Turbo tax 1040x Social security number (SSN), Social security number (SSN). Turbo tax 1040x Sole proprietor, Sole proprietor. Turbo tax 1040x , Sole proprietor or independent contractor. Turbo tax 1040x Sport utility vehicle, Section 179 deduction. Turbo tax 1040x Standard mileage rate, Standard mileage rate. Turbo tax 1040x For 2011, What's New for 2013 Statutory employee, Statutory employee. Turbo tax 1040x Suggestions for publication, Comments and suggestions. Turbo tax 1040x SUV, Section 179 deduction. Turbo tax 1040x T Tax home, Local transportation expenses. Turbo tax 1040x , Travel expenses. Turbo tax 1040x Tax preparation fees, Tax preparation fees. Turbo tax 1040x Tax refund Claim for, Refunds. Turbo tax 1040x Offset against debts, Offset against debts. Turbo tax 1040x Tax return How to file, How Do I File? Who must file, Do I Have To File an Income Tax Return? Tax year, Accounting Periods Calendar, Calendar tax year. Turbo tax 1040x Change in, Change in tax year. Turbo tax 1040x Fiscal, Fiscal tax year. Turbo tax 1040x Taxes Deduction for, Taxes Employment, Employment Taxes, Employment taxes. Turbo tax 1040x Excise, Excise Taxes, Excise taxes. Turbo tax 1040x Fuel, Fuel taxes. Turbo tax 1040x Income, Income Tax, Income taxes. Turbo tax 1040x Paid on certain employee tips, Credit for employer social security and Medicare taxes paid on certain employee tips (Form 8846). Turbo tax 1040x Personal property, Personal property tax. Turbo tax 1040x Real estate, Real estate taxes. Turbo tax 1040x Sales, Sales tax. Turbo tax 1040x Self-employment, Self-Employment (SE) Tax, Self-employment tax. Turbo tax 1040x Taxpayer rights, Declaration of Taxpayer Rights Third parties, Payments to, Payments to third parties. Turbo tax 1040x Tolls, Parking fees and tolls. Turbo tax 1040x Trade discount, Trade discounts. Turbo tax 1040x , Trade discounts. Turbo tax 1040x Trade or business, Trade or business. Turbo tax 1040x Trailer park owner, Trailer park owner. Turbo tax 1040x Transportation expenses, Local transportation expenses. Turbo tax 1040x Travel expenses, Travel expenses. Turbo tax 1040x U Underpayment of tax penalty, Penalty for underpayment of tax. Turbo tax 1040x Uniform capitalization rules, Uniform Capitalization Rules W Wages, Employees' Pay Work opportunity credit, Work opportunity credit (Form 5884). Turbo tax 1040x Prev  Up     Home   More Online Publications