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

Us Irs E File Free

Free Tax Filing Military1040 EzHow To File A Amended Tax ReturnFile Free State Taxes OnlyAmended 1040xHow To File 2011 TaxesAmend A Tax Return 2011Irs ComFree Federal State Tax FilingFile 2009 Taxes Online Free1040x Amended Return FormAmended ReturnsTurbotax Home & Business Federal E File State 2011 Old Version2012 1040ez Tax Form1040ez FileAmending Tax Return OnlineNj 1040ezFile An Amended Tax Return For 20092012 Income Tax Returns2013 1040ez Form InstructionsH & R Block Free Tax FilingHow To File Back Taxes OnlineElectronic 1040xWww Irs Gov Freefile2011 1040ez Tax Forms And Instructions2014 Federal Tax Forms 1040ezE File ExtensionAmended Tax Return Forms2010 1040 EzAarp Tax PreparationMyfree Taxes Com1090 Ez Form2012 Tax Returns OnlineIrs 1040 Ez Form 2012File Taxes 2014File State TaxEfile Tax Return2010 Taxes OnlineIrsTax Software 2012

Us Irs E File Free

Us irs e file free 19. Us irs e file free   Education- Related Adjustments Table of Contents Introduction Useful Items - You may want to see: Student Loan Interest DeductionStudent Loan Interest Defined Can You Claim the Deduction How Much Can You Deduct How Do You Figure the Deduction Tuition and Fees DeductionCan You Claim the Deduction What Expenses Qualify Who Is an Eligible Student Who Can Claim a Dependent's Expenses How Much Can You Deduct Educator Expenses Introduction This chapter discusses the education-related adjustment you can deduct in figuring your adjusted gross income. Us irs e file free This chapter covers the student loan interest deduction, tuition and fees deduction, and the deduction for educator expenses. Us irs e file free Useful Items - You may want to see: Publication 970 Tax Benefits for Education Student Loan Interest Deduction Generally, personal interest you pay, other than certain mortgage interest, is not deductible on your tax return. Us irs e file free However, if your modified adjusted gross income (MAGI) is less than $75,000 ($155,000 if filing a joint return) there is a special deduction allowed for paying interest on a student loan (also known as an education loan) used for higher education. Us irs e file free For most taxpayers, MAGI is the adjusted gross income as figured on their federal income tax return before subtracting any deduction for student loan interest. Us irs e file free This deduction can reduce the amount of your income subject to tax by up to $2,500 in 2013. Us irs e file free Table 19-1 summarizes the features of the student loan interest deduction. Us irs e file free Table 19-1. Us irs e file free Student Loan Interest Deduction at a Glance Do not rely on this table alone. Us irs e file free Refer to the text for more details. Us irs e file free Feature Description Maximum benefit You can reduce your income subject to tax by up to $2,500. Us irs e file free Loan qualifications Your student loan: •  must have been taken out solely to pay qualified education expenses, and   • cannot be from a related person or made under a qualified employer plan. Us irs e file free Student qualifications The student must be: • you, your spouse, or your dependent, and   • enrolled at least half-time in a program leading to a degree, certificate, or other recognized educational credential at an eligible educational institution. Us irs e file free Time limit on deduction You can deduct interest paid during the remaining period of your student loan. Us irs e file free Phaseout The amount of your deduction depends on your income level. Us irs e file free Student Loan Interest Defined Student loan interest is interest you paid during the year on a qualified student loan. Us irs e file free It includes both required and voluntary interest payments. Us irs e file free Qualified Student Loan This is a loan you took out solely to pay qualified education expenses (defined later) that were: For you, your spouse, or a person who was your dependent (defined in chapter 3) when you took out the loan, Paid or incurred within a reasonable period of time before or after you took out the loan, and For education provided during an academic period when the student is an eligible student. Us irs e file free Loans from the following sources are not qualified student loans. Us irs e file free A related person. Us irs e file free A qualified employer plan. Us irs e file free Exceptions. Us irs e file free   For purposes of the student loan interest deduction, the following are exceptions to the general rules for dependents. Us irs e file free An individual can be your dependent even if you are the dependent of another taxpayer. Us irs e file free An individual can be your dependent even if the individual files a joint return with a spouse. Us irs e file free An individual can be your dependent even if the individual had gross income for the year that was equal to or more than the exemption amount for the year ($3,900 for 2013). Us irs e file free    Reasonable period of time. Us irs e file free   Qualified education expenses are treated as paid or incurred within a reasonable period of time before or after you take out the loan if they are paid with the proceeds of student loans that are part of a federal postsecondary education loan program. Us irs e file free   Even if not paid with the proceeds of that type of loan, the expenses are treated as paid or incurred within a reasonable period of time if both of the following requirements are met. Us irs e file free The expenses relate to a specific academic period. Us irs e file free The loan proceeds are disbursed within a period that begins 90 days before the start of that academic period and ends 90 days after the end of that academic period. Us irs e file free   If neither of the above situations applies, the reasonable period of time is determined based on all the relevant facts and circumstances. Us irs e file free Academic period. Us irs e file free   An academic period includes a semester, trimester, quarter, or other period of study (such as a summer school session) as reasonably determined by an educational institution. Us irs e file free In the case of an educational institution that uses credit hours or clock hours and does not have academic terms, each payment period can be treated as an academic period. Us irs e file free Eligible student. Us irs e file free   This is a student who was enrolled at least half-time in a program leading to a degree, certificate, or other recognized educational credential. Us irs e file free Enrolled at least half-time. Us irs e file free   A student was enrolled at least half-time if the student was taking at least half the normal full-time work load for his or her course of study. Us irs e file free   The standard for what is half of the normal full-time work load is determined by each eligible educational institution. Us irs e file free However, the standard may not be lower than any of those established by the U. Us irs e file free S. Us irs e file free Department of Education under the Higher Education Act of 1965. Us irs e file free Related person. Us irs e file free   You cannot deduct interest on a loan you get from a related person. Us irs e file free Related persons include: Your spouse, Your brothers and sisters, Your half brothers and half sisters, Your ancestors (parents, grandparents, etc. Us irs e file free ), Your lineal descendants (children, grandchildren, etc. Us irs e file free ), and Certain corporations, partnerships, trusts, and exempt organizations. Us irs e file free Qualified employer plan. Us irs e file free   You cannot deduct interest on a loan made under a qualified employer plan or under a contract purchased under such a plan. Us irs e file free Qualified Education Expenses For purposes of the student loan interest deduction, these expenses are the total costs of attending an eligible educational institution, including graduate school. Us irs e file free They include amounts paid for the following items. Us irs e file free Tuition and fees. Us irs e file free Room and board. Us irs e file free Books, supplies, and equipment. Us irs e file free Other necessary expenses (such as transportation). Us irs e file free The cost of room and board qualifies only to the extent that it is not more than: The allowance for room and board, as determined by the eligible educational institution, that was included in the cost of attendance (for federal financial aid purposes) for a particular academic period and living arrangement of the student, or If greater, the actual amount charged if the student is residing in housing owned or operated by the eligible educational institution. Us irs e file free Eligible educational institution. Us irs e file free   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. Us irs e file free S. Us irs e file free Department of Education. Us irs e file free It includes virtually all accredited public, nonprofit, and proprietary (privately owned profit-making) postsecondary institutions. Us irs e file free   Certain educational institutions located outside the United States also participate in the U. Us irs e file free S. Us irs e file free Department of Education's Federal Student Aid (FSA) programs. Us irs e file free   For purposes of the student loan interest deduction, an eligible educational institution also includes an institution conducting an internship or residency program leading to a degree or certificate from an institution of higher education, a hospital, or a health care facility that offers postgraduate training. Us irs e file free   An educational institution must meet the above criteria only during the academic period(s) for which the student loan was incurred. Us irs e file free The deductibility of interest on the loan is not affected by the institution's subsequent loss of eligibility. Us irs e file free    The educational institution should be able to tell you if it is an eligible educational institution. Us irs e file free Adjustments to qualified education expenses. Us irs e file free   You must reduce your qualified education expenses by certain tax-free items (such as the tax-free part of scholarships and fellowships). Us irs e file free See chapter 4 of Publication 970 for details. Us irs e file free Include as Interest In addition to simple interest on the loan, certain loan origination fees, capitalized interest, interest on revolving lines of credit, and interest on refinanced student loans can be student loan interest if all other requirements are met. Us irs e file free Loan origination fee. Us irs e file free   In general, this is a one-time fee charged by the lender when a loan is made. Us irs e file free To be deductible as interest, the fee must be for the use of money rather than for property or services (such as commitment fees or processing costs) provided by the lender. Us irs e file free A loan origination fee treated as interest accrues over the life of the loan. Us irs e file free Capitalized interest. Us irs e file free    This is unpaid interest on a student loan that is added by the lender to the outstanding principal balance of the loan. Us irs e file free Interest on revolving lines of credit. Us irs e file free   This interest, which includes interest on credit card debt, is student loan interest if the borrower uses the line of credit (credit card) only to pay qualified education expenses. Us irs e file free See Qualified Education Expenses , earlier. Us irs e file free Interest on refinanced student loans. Us irs e file free   This includes interest on both: Consolidated loans—loans used to refinance more than one student loan of the same borrower, and Collapsed loans—two or more loans of the same borrower that are treated by both the lender and the borrower as one loan. Us irs e file free If you refinance a qualified student loan for more than your original loan and you use the additional amount for any purpose other than qualified education expenses, you cannot deduct any interest paid on the refinanced loan. Us irs e file free Voluntary interest payments. Us irs e file free   These are payments made on a qualified student loan during a period when interest payments are not required, such as when the borrower has been granted a deferment or the loan has not yet entered repayment status. Us irs e file free Do Not Include as Interest You cannot claim a student loan interest deduction for any of the following items. Us irs e file free Interest you paid on a loan if, under the terms of the loan, you are not legally obligated to make interest payments. Us irs e file free Loan origination fees that are payments for property or services provided by the lender, such as commitment fees or processing costs. Us irs e file free Interest you paid on a loan to the extent payments were made through your participation in the National Health Service Corps Loan Repayment Program (the “NHSC Loan Repayment Program”) or certain other loan repayment assistance programs. Us irs e file free For more information, see Student Loan Repayment Assistance in chapter 5 of Publication 970. Us irs e file free Can You Claim the Deduction Generally, you can claim the deduction if all of the following requirements are met. Us irs e file free Your filing status is any filing status except married filing separately. Us irs e file free No one else is claiming an exemption for you on his or her tax return. Us irs e file free You are legally obligated to pay interest on a qualified student loan. Us irs e file free You paid interest on a qualified student loan. Us irs e file free Interest paid by others. Us irs e file free   If you are the person legally obligated to make interest payments and someone else makes a payment of interest on your behalf, you are treated as receiving the payments from the other person and, in turn, paying the interest. Us irs e file free See chapter 4 of Publication 970 for more information. Us irs e file free No Double Benefit Allowed You cannot deduct as interest on a student loan any amount that is an allowable deduction under any other provision of the tax law (for example, home mortgage interest). Us irs e file free How Much Can You Deduct Your student loan interest deduction for 2013 is generally the smaller of: $2,500, or The interest you paid in 2013. Us irs e file free However, the amount determined above is phased out (gradually reduced) if your MAGI is between $60,000 and $75,000 ($125,000 and $155,000 if you file a joint return). Us irs e file free You cannot take a student loan interest deduction if your MAGI is $75,000 or more ($155,000 or more if you file a joint return). Us irs e file free For details on figuring your MAGI, see chapter 4 of Publication 970. Us irs e file free How Do You Figure the Deduction Generally, you figure the deduction using the Student Loan Interest Deduction Worksheet in the Form 1040 or Form 1040A instructions. Us irs e file free However, if you are filing Form 2555, 2555-EZ, or 4563, or you are excluding income from sources within Puerto Rico, you must complete Worksheet 4-1 in chapter 4 of Publication 970. Us irs e file free To help you figure your student loan interest deduction, you should receive Form 1098-E, Student Loan Interest Statement. Us irs e file free Generally, an institution (such as a bank or governmental agency) that received interest payments of $600 or more during 2013 on one or more qualified student loans must send Form 1098-E (or acceptable substitute) to each borrower by January 31, 2014. Us irs e file free For qualified student loans taken out before September 1, 2004, the institution is required to include on Form 1098-E only payments of stated interest. Us irs e file free Other interest payments, such as certain loan origination fees and capitalized interest, may not appear on the form you receive. Us irs e file free However, if you pay qualifying interest that is not included on Form 1098-E, you can also deduct those amounts. Us irs e file free For information on allocating payments between interest and principal, see chapter 4 of Publication 970. Us irs e file free To claim the deduction, enter the allowable amount on Form 1040, line 33, or Form 1040A, line 18. Us irs e file free Tuition and Fees Deduction You may be able to deduct qualified education expenses paid during the year for yourself, your spouse, or your dependent(s). Us irs e file free You cannot claim this deduction if your filing status is married filing separately or if another person can claim an exemption for you as a dependent on his or her tax return. Us irs e file free The qualified expenses must be for higher education, as explained later under What Expenses Qualify . Us irs e file free The tuition and fees deduction can reduce the amount of your income subject to tax by up to $4,000. Us irs e file free Table 19-2 summarizes the features of the tuition and fees deduction. Us irs e file free You may be able to take a credit for your education expenses instead of a deduction. Us irs e file free You can choose the one that will give you the lower tax. Us irs e file free See chapter 35, Education Credits, for details about the credits. Us irs e file free Can You Claim the Deduction The following rules will help you determine if you can claim the tuition and fees deduction. Us irs e file free Who Can Claim the Deduction Generally, you can claim the tuition and fees deduction if all three of the following requirements are met. Us irs e file free You paid qualified education expenses of higher education in 2013 for academic periods beginning in 2013 and those beginning in the first three months of 2014. Us irs e file free You paid the education expenses for an eligible student. Us irs e file free The eligible student is yourself, your spouse, or your dependent for whom you claim an exemption (defined in chapter 3) on your tax return. Us irs e file free Qualified education expenses are defined under What Expenses Qualify . Us irs e file free Eligible students are defined later under Who Is an Eligible Student . Us irs e file free Who Cannot Claim the Deduction You cannot claim the tuition and fees deduction if any of the following apply. Us irs e file free Your filing status is married filing separately. Us irs e file free Another person can claim an exemption for you as a dependent on his or her tax return. Us irs e file free You cannot take the deduction even if the other person does not actually claim that exemption. Us irs e file free Your modified adjusted gross income (MAGI) is more than $80,000 ($160,000 if filing a joint return). Us irs e file free You (or your spouse) were a nonresident alien for any part of 2013 and the nonresident alien did not elect to be treated as a resident alien for tax purposes. Us irs e file free More information on nonresident aliens can be found in Publication 519, U. Us irs e file free S. Us irs e file free Tax Guide for Aliens. Us irs e file free You or anyone else claims an American opportunity or lifetime learning credit in 2013 with respect to expenses of the student for whom the qualified education expenses were paid. Us irs e file free However, a state tax credit will not disqualify you from claiming a tuition and fees deduction. Us irs e file free Table 19-2. Us irs e file free Tuition and Fees Deduction at a Glance Do not rely on this table alone. Us irs e file free Refer to the text for more details. Us irs e file free Question   Answer What is the maximum benefit?   You can reduce your income subject to tax by up to $4,000. Us irs e file free Where is the deduction taken?   As an adjustment to income on Form 1040, line 34, or Form 1040A, line 19. Us irs e file free For whom must the expenses be paid?   A student enrolled in an eligible educational institution who is either: you, your spouse, or your dependent for whom you claim an exemption. Us irs e file free What tuition and fees are deductible?   Tuition and fees required for enrollment or attendance at an eligible postsecondary educational institution, but not including personal, living, or family expenses, such as room and board. Us irs e file free What Expenses Qualify The tuition and fees deduction is based on qualified education expenses you pay for yourself, your spouse, or a dependent for whom you claim an exemption on your tax return. Us irs e file free Generally, the deduction is allowed for qualified education expenses paid in 2013 in connection with enrollment at an institution of higher education during 2013 or for an academic period (defined earlier under Student Loan Interest Deduction ) beginning in 2013 or in the first 3 months of 2014. Us irs e file free Payments with borrowed funds. Us irs e file free   You can claim a tuition and fees deduction for qualified education expenses paid with the proceeds of a loan. Us irs e file free Use the expenses to figure the deduction for the year in which the expenses are paid, not the year in which the loan is repaid. Us irs e file free Treat loan payments sent directly to the educational institution as paid on the date the institution credits the student's account. Us irs e file free Student withdraws from class(es). Us irs e file free   You can claim a tuition and fees deduction for qualified education expenses not refunded when a student withdraws. Us irs e file free Qualified Education Expenses For purposes of the tuition and fees deduction, qualified education expenses are tuition and certain related expenses required for enrollment or attendance at an eligible educational institution. Us irs e file free Eligible educational institution. Us irs e file free   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. Us irs e file free S. Us irs e file free Department of Education. Us irs e file free It includes virtually all accredited public, nonprofit, and proprietary (privately owned profit-making) postsecondary institutions. Us irs e file free The educational institution should be able to tell you if it is an eligible educational institution. Us irs e file free   Certain educational institutions located outside the United States also participate in the U. Us irs e file free S. Us irs e file free Department of Education's Federal Student Aid (FSA) programs. Us irs e file free Academic period. Us irs e file free    An academic period is any quarter, semester, trimester, or any other period of study as reasonably determined by an eligible educational institution. Us irs e file free If an eligible educational institution uses credit hours and does not have academic terms, each payment period may be treated as an academic period. Us irs e file free Related expenses. Us irs e file free   Student-activity fees and expenses for course-related books, supplies, and equipment are included in qualified education expenses for the tuition and fees deduction only if the fees and expenses must be paid to the institution as a condition of enrollment or attendance. Us irs e file free Prepaid expenses. Us irs e file free   Qualified education expenses paid in 2013 for an academic period that begins in the first three months of 2014 can be used in figuring the tuition and fees deduction. Us irs e file free See Academic period, earlier. Us irs e file free For example, if you pay $2,000 in December 2013 for qualified tuition for the 2014 winter quarter that begins in January 2014, you can use that $2,000 in figuring the tuition and fees deduction for 2013 only if you meet all the other requirements. Us irs e file free    You cannot use any amount you paid in 2012 or 2014 to figure the qualified education expenses you use to figure your 2013 tuition and fees deduction. Us irs e file free No Double Benefit Allowed You cannot do any of the following. Us irs e file free Deduct qualified education expenses you deduct under any other provision of the law, for example, as a business expense. Us irs e file free Deduct qualified education expenses for a student on your income tax return if you or anyone else claims an American opportunity or lifetime learning credit for that same student in the same year. Us irs e file free Deduct qualified education expenses that have been used to figure the tax-free portion of a distribution from a Coverdell education savings account (ESA) or a qualified tuition program (QTP). Us irs e file free For a QTP, this applies only to the amount of tax-free earnings that were distributed, not to the recovery of contributions to the program. Us irs e file free See Figuring the Taxable Portion of a Distribution in chapter 7 (Coverdell ESA) and chapter 8 (QTP) of Publication 970. Us irs e file free Deduct qualified education expenses that have been paid with tax-free interest on U. Us irs e file free S. Us irs e file free savings bonds (Form 8815). Us irs e file free See Figuring the Tax-Free Amount in chapter 10 of Publication 970. Us irs e file free Deduct qualified education expenses that have been paid with tax-free educational assistance such as a scholarship, grant, or employer-provided educational assistance. Us irs e file free See Adjustments to qualified education expenses, later. Us irs e file free Adjustments to qualified education expenses. Us irs e file free   For each student, reduce the qualified education expenses paid by or on behalf of that student under the following rules. Us irs e file free The result is the amount of adjusted qualified education expenses for each student. Us irs e file free Tax-free educational assistance. Us irs e file free   For tax-free educational assistance you received in 2013, reduce the qualified educational expenses for each academic period by the amount of tax-free educational assistance to that academic period. Us irs e file free See Academic period, earlier. Us irs e file free   This includes: The tax-free part of scholarships and fellowships, including Pell grants (see chapter 1 of Publication 970), The tax-free part of any employer-provided educational assistance (see chapter 11 of Publication 970), Veterans' educational assistance (see chapter 1 of Publication 970), and Any other nontaxable (tax-free) payments (other than gifts or inheritances) received as educational assistance. Us irs e file free Generally, any scholarship or fellowship you receive is treated as tax-free educational assistance. Us irs e file free However, a scholarship or fellowship is not treated as tax-free educational assistance to the extent you include it in gross income (if you are required to file a tax return) for the year the scholarship or fellowship is received and either: The scholarship or fellowship (or any part of it) must be applied (by its terms) to expenses (such as room and board) other than qualified education expenses as defined in Qualified education expenses in Pub. Us irs e file free 970, chapter 1. Us irs e file free The scholarship or fellowship (or any part of it) may be applied (by its terms) to expenses (such as room and board) other than qualified education expenses as defined in Qualified education expenses in Pub. Us irs e file free 970, chapter 1. Us irs e file free You may be able to increase the combined value of your tuition and fees deduction and certain educational assistance if you include some or all of the educational assistance in income in the year it is received. Us irs e file free For details, see Adjustments to Qualified Education Expenses in chapter 6 of Pub. Us irs e file free 970. Us irs e file free Some tax-free educational assistance received in 2013 may be treated as a refund of qualified education expenses paid in 2013. Us irs e file free This tax-free educational assistance is any tax-free educational assistance received by you or anyone else after 2013 for qualified education expenses paid on behalf of a student in 2013 (or attributable to enrollment at an eligible educational institution during 2013). Us irs e file free If this tax-free educational assistance is received after 2013 but before you file your 2013 income tax return, see Refunds received after 2013 but before your income tax return is filed, later. Us irs e file free If this tax-free educational assistance is received after 2013 and after you file your 2013 income tax return, see Refunds received after 2013 and after your income tax return is filed, later. Us irs e file free Refunds. Us irs e file free   A refund of qualified education expenses may reduce adjusted qualified education expenses for the tax year or may require you to include some or all of the refund in your gross income for the year the refund is received. Us irs e file free See chapter 6 of Pub. Us irs e file free 970 for more information. Us irs e file free Some tax-free educational assistance received after 2013 may be treated as a refund. Us irs e file free See Tax-free educational assistance, earlier. Us irs e file free Refunds received in 2013. Us irs e file free    For each student, figure the adjusted qualified education expenses for 2013 by adding all the qualified education expenses paid in 2013 and subtracting any refunds of those expenses received from the eligible educational institution during 2013. Us irs e file free Refunds received after 2013 but before your income tax return is filed. Us irs e file free   If you receive a refund after 2013 of qualified education expenses you paid in 2013 and the refund is received before you file your 2013 income tax return, reduce the amount of qualified education expenses for 2013 by the amount of the refund. Us irs e file free Refunds received after 2013 and after your income tax return is filed. Us irs e file free   If you receive a refund after 2013 of qualified education expenses you paid in 2013 and the refund is received after you file your 2013 income tax return, you may need to include some or all of the refund in your gross income for the year the refund is received. Us irs e file free See chapter 6 of Pub. Us irs e file free 970 for more information. Us irs e file free Coordination with Coverdell education savings accounts and qualified tuition programs. Us irs e file free    Reduce your qualified education expenses by any qualified education expenses used to figure the exclusion from gross income of (a) interest received under an education savings bond program, or (b) any distribution from a Coverdell education savings account or qualified tuition program (QTP). Us irs e file free For a QTP, this applies only to the amount of tax-free earnings that were distributed, not to the recovery of contributions to the program. Us irs e file free Amounts that do not reduce qualified education expenses. Us irs e file free   Do not reduce qualified education expenses by amounts paid with funds the student receives as: Payment for services, such as wages, A loan, A gift, An inheritance, or A withdrawal from the student's personal savings. Us irs e file free   Do not reduce the qualified education expenses by any scholarship or fellowship reported as income on the student's tax return in the following situations. Us irs e file free The use of the money is restricted, by the terms of the scholarship or fellowship, to costs of attendance (such as room and board) other than qualified education expenses. Us irs e file free The use of the money is not restricted. Us irs e file free Expenses That Do Not Qualify Qualified education expenses do not include amounts paid for: Insurance, Medical expenses (including student health fees), Room and board, Transportation, or Similar personal, living, or family expenses. Us irs e file free This is true even if the amount must be paid to the institution as a condition of enrollment or attendance. Us irs e file free Sports, games, hobbies, and noncredit courses. Us irs e file free   Qualified education expenses generally do not include expenses that relate to any course of instruction or other education that involves sports, games or hobbies, or any noncredit course. Us irs e file free However, if the course of instruction or other education is part of the student's degree program, these expenses can qualify. Us irs e file free Comprehensive or bundled fees. Us irs e file free   Some eligible educational institutions combine all of their fees for an academic period into one amount. Us irs e file free If you do not receive, or do not have access to, an allocation showing how much you paid for qualified education expenses and how much you paid for personal expenses, such as those listed above, contact the institution. Us irs e file free The institution is required to make this allocation and provide you with the amount you paid (or were billed) for qualified education expenses on Form 1098-T, Tuition Statement. Us irs e file free See How Do You Figure the Deduction , later, for more information about Form 1098-T. Us irs e file free Who Is an Eligible Student For purposes of the tuition and fees deduction, an eligible student is a student who is enrolled in one or more courses at an eligible educational institution (defined earlier). Us irs e file free Who Can Claim a Dependent's Expenses Generally, in order to claim the tuition and fees deduction for qualified education expenses for a dependent, you must: Have paid the expenses, and Claim an exemption for the student as a dependent. Us irs e file free Table 19-3 summarizes who can claim the deduction. Us irs e file free How Much Can You Deduct The maximum tuition and fees deduction in 2013 is $4,000, $2,000, or $0, depending on the amount of your MAGI. Us irs e file free For details on figuring your MAGI, see chapter 6 of Publication 970. Us irs e file free How Do You Figure the Deduction Figure the deduction using Form 8917. Us irs e file free To help you figure your tuition and fees deduction, you should receive Form 1098-T, Tuition Statement. Us irs e file free Generally, an eligible educational institution (such as a college or university) must send Form 1098-T (or acceptable substitute) to each enrolled student by January 31, 2014. Us irs e file free To claim the deduction, enter the allowable amount on Form 1040, line 34, or Form 1040A, line 19, and attach your completed Form 8917. Us irs e file free Table 19-3. Us irs e file free Who Can Claim a Dependent's Expenses Do not rely on this table alone. Us irs e file free See Who Can Claim a Dependent's Expenses in chapter 6 of Publication 970. Us irs e file free IF your dependent is an eligible student and you. Us irs e file free . Us irs e file free . Us irs e file free AND. Us irs e file free . Us irs e file free . Us irs e file free THEN. Us irs e file free . Us irs e file free . Us irs e file free claim an exemption for your dependent you paid all qualified education expenses for your dependent only you can deduct the qualified education expenses that you paid. Us irs e file free Your dependent cannot take a deduction. Us irs e file free claim an exemption for your dependent your dependent paid all qualified education expenses no one is allowed to take a deduction. Us irs e file free do not claim an exemption for your dependent you paid all qualified education expenses no one is allowed to take a deduction. Us irs e file free do not claim an exemption for your dependent your dependent paid all qualified education expenses no one is allowed to take a deduction. Us irs e file free Educator Expenses If you were an eligible educator in 2013, you can deduct on Form 1040, line 23, or Form 1040A, line 16, up to $250 of qualified expenses you paid in 2013. Us irs e file free If you and your spouse are filing jointly and both of you were eligible educators, the maximum deduction is $500. Us irs e file free However, neither spouse can deduct more than $250 of his or her qualified expenses on Form 1040, line 23, or Form 1040A, line 16. Us irs e file free You may be able to deduct expenses that are more than the $250 (or $500) limit on Schedule A (Form 1040), line 21. Us irs e file free Eligible educator. Us irs e file free   An eligible educator is a kindergarten through grade 12 teacher, instructor, counselor, principal, or aide who worked in a school for at least 900 hours during a school year. Us irs e file free Qualified expenses. Us irs e file free   Qualified expenses include ordinary and necessary expenses paid in connection with books, supplies, equipment (including computer equipment, software, and services), and other materials used in the classroom. Us irs e file free An ordinary expense is one that is common and accepted in your educational field. Us irs e file free A necessary expense is one that is helpful and appropriate for your profession as an educator. Us irs e file free An expense does not have to be required to be considered necessary. Us irs e file free   Qualified expenses do not include expenses for home schooling or for nonathletic supplies for courses in health or physical education. Us irs e file free   You must reduce your qualified expenses by the following amounts. Us irs e file free Excludable U. Us irs e file free S. Us irs e file free series EE and I savings bond interest from Form 8815. Us irs e file free See Figuring the Tax-Free Amount in chapter 10 of Publication 970. Us irs e file free Nontaxable qualified tuition program earnings or distributions. Us irs e file free See Figuring the Taxable Portion of a Distribution in chapter 8 of Publication 970. Us irs e file free Nontaxable distribution of earnings from a Coverdell education savings account. Us irs e file free See Figuring the Taxable Portion of a Distribution in chapter 7 of Publication 970. Us irs e file free Any reimbursements you received for these expenses that were not reported to you in box 1 of your Form W-2. Us irs e file free Prev  Up  Next   Home   More Online Publications
Español

Better Business Bureaus (BBBs) are nonprofit organizations that encourage honest advertising and selling practices and are supported primarily by local businesses. They offer a variety of consumer services, including consumer education materials; business reports, particularly unanswered or unsettled complaints or other problems; mediation and arbitration services; and information about charities and other organizations that are seeking public donations. They also provide ratings (A, B, C, D, or F) of local companies to express the BBB's confidence that the company operates in a trustworthy manner and demonstrates a willingness to resolve customer concerns.

DuPont, WA

Website: Better Business Bureau

Email: info@thebbb.org

Address: Better Business Bureau
1000 Station Dr., Suite 222
DuPont, WA 98327

Phone Number: 206-431-2222

Spokane, WA

Website: Better Business Bureau

Email: info@spokane.bbb.org

Address: Better Business Bureau
152 S. Jefferson, Suite 200
Spokane, WA 99201

Phone Number: 509-455-4200

The Us Irs E File Free

Us irs e file free 4. Us irs e file free   Tax Withholding and Estimated Tax Table of Contents What's New for 2014 Reminders Introduction Useful Items - You may want to see: Tax Withholding for 2014Salaries and Wages Tips Taxable Fringe Benefits Sick Pay Pensions and Annuities Gambling Winnings Unemployment Compensation Federal Payments Backup Withholding Estimated Tax for 2014Who Does Not Have To Pay Estimated Tax Who Must Pay Estimated Tax How To Figure Estimated Tax When To Pay Estimated Tax How To Figure Each Payment How To Pay Estimated Tax Credit for Withholding and Estimated Tax for 2013Withholding Estimated Tax Underpayment Penalty for 2013 What's New for 2014 Tax law changes for 2014. Us irs e file free  When you figure how much income tax you want withheld from your pay and when you figure your estimated tax, consider tax law changes effective in 2014. Us irs e file free For more information, see Publication 505. Us irs e file free Reminders Estimated tax safe harbor for higher income taxpayers. Us irs e file free  If your 2013 adjusted gross income was more than $150,000 ($75,000 if you are married filing a separate return), you must pay the smaller of 90% of your expected tax for 2014 or 110% of the tax shown on your 2013 return to avoid an estimated tax penalty. Us irs e file free Introduction This chapter discusses how to pay your tax as you earn or receive income during the year. Us irs e file free In general, the federal income tax is a pay-as-you-go tax. Us irs e file free There are two ways to pay as you go. Us irs e file free Withholding. Us irs e file free If you are an employee, your employer probably withholds income tax from your pay. Us irs e file free Tax also may be withheld from certain other income, such as pensions, bonuses, commissions, and gambling winnings. Us irs e file free The amount withheld is paid to the IRS in your name. Us irs e file free Estimated tax. Us irs e file free If you do not pay your tax through withholding, or do not pay enough tax that way, you may have to pay estimated tax. Us irs e file free People who are in business for themselves generally will have to pay their tax this way. Us irs e file free Also, you may have to pay estimated tax if you receive income such as dividends, interest, capital gains, rent, and royalties. Us irs e file free Estimated tax is used to pay not only income tax, but self-employment tax and alternative minimum tax as well. Us irs e file free This chapter explains these methods. Us irs e file free In addition, it also explains the following. Us irs e file free Credit for withholding and estimated tax. Us irs e file free When you file your 2013 income tax return, take credit for all the income tax withheld from your salary, wages, pensions, etc. Us irs e file free , and for the estimated tax you paid for 2013. Us irs e file free Also take credit for any excess social security or railroad retirement tax withheld (discussed in chapter 37). Us irs e file free Underpayment penalty. Us irs e file free If you did not pay enough tax during the year, either through withholding or by making estimated tax payments, you may have to pay a penalty. Us irs e file free In most cases, the IRS can figure this penalty for you. Us irs e file free See Underpayment Penalty for 2013 at the end of this chapter. Us irs e file free Useful Items - You may want to see: Publication 505 Tax Withholding and Estimated Tax Form (and Instructions) W-4 Employee's Withholding Allowance Certificate W-4P Withholding Certificate for Pension or Annuity Payments W-4S Request for Federal Income Tax Withholding From Sick Pay W-4V Voluntary Withholding Request 1040-ES Estimated Tax for Individuals 2210 Underpayment of Estimated Tax by Individuals, Estates, and Trusts 2210-F Underpayment of Estimated Tax by Farmers and Fishermen Tax Withholding for 2014 This section discusses income tax withholding on: Salaries and wages, Tips, Taxable fringe benefits, Sick pay, Pensions and annuities, Gambling winnings, Unemployment compensation, and Certain federal payments. Us irs e file free This section explains the rules for withholding tax from each of these types of income. Us irs e file free This section also covers backup withholding on interest, dividends, and other payments. Us irs e file free Salaries and Wages Income tax is withheld from the pay of most employees. Us irs e file free Your pay includes your regular pay, bonuses, commissions, and vacation allowances. Us irs e file free It also includes reimbursements and other expense allowances paid under a nonaccountable plan. Us irs e file free See Supplemental Wages , later, for more information about reimbursements and allowances paid under a nonaccountable plan. Us irs e file free If your income is low enough that you will not have to pay income tax for the year, you may be exempt from withholding. Us irs e file free This is explained under Exemption From Withholding , later. Us irs e file free You can ask your employer to withhold income tax from noncash wages and other wages not subject to withholding. Us irs e file free If your employer does not agree to withhold tax, or if not enough is withheld, you may have to pay estimated tax, as discussed later under Estimated Tax for 2014 . Us irs e file free Military retirees. Us irs e file free   Military retirement pay is treated in the same manner as regular pay for income tax withholding purposes, even though it is treated as a pension or annuity for other tax purposes. Us irs e file free Household workers. Us irs e file free   If you are a household worker, you can ask your employer to withhold income tax from your pay. Us irs e file free A household worker is an employee who performs household work in a private home, local college club, or local fraternity or sorority chapter. Us irs e file free   Tax is withheld only if you want it withheld and your employer agrees to withhold it. Us irs e file free If you do not have enough income tax withheld, you may have to pay estimated tax, as discussed later under Estimated Tax for 2014 . Us irs e file free Farmworkers. Us irs e file free   Generally, income tax is withheld from your cash wages for work on a farm unless your employer does both of these: Pays you cash wages of less than $150 during the year, and Has expenditures for agricultural labor totaling less than $2,500 during the year. Us irs e file free Differential wage payments. Us irs e file free    When employees are on leave from employment for military duty, some employers make up the difference between the military pay and civilian pay. Us irs e file free Payments to an employee who is on active duty for a period of more than 30 days will be subject to income tax withholding, but not subject to social security or Medicare taxes. Us irs e file free The wages and withholding will be reported on Form W-2, Wage and Tax Statement. Us irs e file free   The credit employers can claim for differential wages paid to activated military reservists is scheduled to expire for wages paid after December 31, 2013. Us irs e file free Determining Amount of Tax Withheld Using Form W-4 The amount of income tax your employer withholds from your regular pay depends on two things. Us irs e file free The amount you earn in each payroll period. Us irs e file free The information you give your employer on Form W-4. Us irs e file free Form W-4 includes four types of information that your employer will use to figure your withholding. Us irs e file free Whether to withhold at the single rate or at the lower married rate. Us irs e file free How many withholding allowances you claim (each allowance reduces the amount withheld). Us irs e file free Whether you want an additional amount withheld. Us irs e file free Whether you are claiming an exemption from withholding in 2014. Us irs e file free See Exemption From Withholding , later. Us irs e file free Note. Us irs e file free You must specify a filing status and a number of withholding allowances on Form W-4. Us irs e file free You cannot specify only a dollar amount of withholding. Us irs e file free New Job When you start a new job, you must fill out Form W-4 and give it to your employer. Us irs e file free Your employer should have copies of the form. Us irs e file free If you need to change the information later, you must fill out a new form. Us irs e file free If you work only part of the year (for example, you start working after the beginning of the year), too much tax may be withheld. Us irs e file free You may be able to avoid overwithholding if your employer agrees to use the part-year method. Us irs e file free See Part-Year Method in chapter 1 of Publication 505 for more information. Us irs e file free Employee also receiving pension income. Us irs e file free   If you receive pension or annuity income and begin a new job, you will need to file Form W-4 with your new employer. Us irs e file free However, you can choose to split your withholding allowances between your pension and job in any manner. Us irs e file free Changing Your Withholding During the year changes may occur to your marital status, exemptions, adjustments, deductions, or credits you expect to claim on your tax return. Us irs e file free When this happens, you may need to give your employer a new Form W-4 to change your withholding status or your number of allowances. Us irs e file free If the changes reduce the number of allowances you are claiming or changes your marital status from married to single, you must give your employer a new Form W-4 within 10 days. Us irs e file free Generally, you can submit a new Form W-4 whenever you wish to change the number of your withholding allowances for any other reason. Us irs e file free Changing your withholding for 2015. Us irs e file free   If events in 2014 will decrease the number of your withholding allowances for 2015, you must give your employer a new Form W-4 by December 1, 2014. Us irs e file free If the event occurs in December 2014, submit a new Form W-4 within 10 days. Us irs e file free Checking Your Withholding After you have given your employer a Form W-4, you can check to see whether the amount of tax withheld from your pay is too little or too much. Us irs e file free If too much or too little tax is being withheld, you should give your employer a new Form W-4 to change your withholding. Us irs e file free You should try to have your withholding match your actual tax liability. Us irs e file free If not enough tax is withheld, you will owe tax at the end of the year and may have to pay interest and a penalty. Us irs e file free If too much tax is withheld, you will lose the use of that money until you get your refund. Us irs e file free Always check your withholding if there are personal or financial changes in your life or changes in the law that might change your tax liability. Us irs e file free Note. Us irs e file free You cannot give your employer a payment to cover withholding on salaries and wages for past pay periods or a payment for estimated tax. Us irs e file free Completing Form W-4 and Worksheets Form W-4 has worksheets to help you figure how many withholding allowances you can claim. Us irs e file free The worksheets are for your own records. Us irs e file free Do not give them to your employer. Us irs e file free Multiple jobs. Us irs e file free   If you have income from more than one job at the same time, complete only one set of Form W-4 worksheets. Us irs e file free Then split your allowances between the Forms W-4 for each job. Us irs e file free You cannot claim the same allowances with more than one employer at the same time. Us irs e file free You can claim all your allowances with one employer and none with the other(s), or divide them any other way. Us irs e file free Married individuals. Us irs e file free   If both you and your spouse are employed and expect to file a joint return, figure your withholding allowances using your combined income, adjustments, deductions, exemptions, and credits. Us irs e file free Use only one set of worksheets. Us irs e file free You can divide your total allowances any way, but you cannot claim an allowance that your spouse also claims. Us irs e file free   If you and your spouse expect to file separate returns, figure your allowances using separate worksheets based on your own individual income, adjustments, deductions, exemptions, and credits. Us irs e file free Alternative method of figuring withholding allowances. Us irs e file free   You do not have to use the Form W-4 worksheets if you use a more accurate method of figuring the number of withholding allowances. Us irs e file free For more information, see Alternative method of figuring withholding allowances under Completing Form W-4 and Worksheets in Publication 505, chapter 1. Us irs e file free Personal Allowances Worksheet. Us irs e file free   Use the Personal Allowances Worksheet on Form W-4 to figure your withholding allowances based on exemptions and any special allowances that apply. Us irs e file free Deduction and Adjustments Worksheet. Us irs e file free   Use the Deduction and Adjustments Worksheet on Form W-4 if you plan to itemize your deductions, claim certain credits, or claim adjustments to the income on your 2014 tax return and you want to reduce your withholding. Us irs e file free Also, complete this worksheet when you have changes to these items to see if you need to change your withholding. Us irs e file free Two-Earners/Multiple Jobs Worksheet. Us irs e file free   You may need to complete the Two-Earners/Multiple Jobs Worksheet on Form W-4 if you have more than one job, a working spouse, or are also receiving a pension. Us irs e file free Also, on this worksheet you can add any additional withholding necessary to cover any amount you expect to owe other than income tax, such as self-employment tax. Us irs e file free Getting the Right Amount of Tax Withheld In most situations, the tax withheld from your pay will be close to the tax you figure on your return if you follow these two rules. Us irs e file free You accurately complete all the Form W-4 worksheets that apply to you. Us irs e file free You give your employer a new Form W-4 when changes occur. Us irs e file free But because the worksheets and withholding methods do not account for all possible situations, you may not be getting the right amount withheld. Us irs e file free This is most likely to happen in the following situations. Us irs e file free You are married and both you and your spouse work. Us irs e file free You have more than one job at a time. Us irs e file free You have nonwage income, such as interest, dividends, alimony, unemployment compensation, or self-employment income. Us irs e file free You will owe additional amounts with your return, such as self-employment tax. Us irs e file free Your withholding is based on obsolete Form W-4 information for a substantial part of the year. Us irs e file free Your earnings are more than the amount shown under Check your withholding in the instructions at the top of page 1 of Form W-4. Us irs e file free You work only part of the year. Us irs e file free You change the number of your withholding allowances during the year. Us irs e file free Cumulative wage method. Us irs e file free   If you change the number of your withholding allowances during the year, too much or too little tax may have been withheld for the period before you made the change. Us irs e file free You may be able to compensate for this if your employer agrees to use the cumulative wage withholding method for the rest of the year. Us irs e file free You must ask your employer in writing to use this method. Us irs e file free   To be eligible, you must have been paid for the same kind of payroll period (weekly, biweekly, etc. Us irs e file free ) since the beginning of the year. Us irs e file free Publication 505 To make sure you are getting the right amount of tax withheld, get Publication 505. Us irs e file free It will help you compare the total tax to be withheld during the year with the tax you can expect to figure on your return. Us irs e file free It also will help you determine how much, if any, additional withholding is needed each payday to avoid owing tax when you file your return. Us irs e file free If you do not have enough tax withheld, you may have to pay estimated tax, as explained under Estimated Tax for 2014 , later. Us irs e file free You can use the IRS Withholding Calculator at www. Us irs e file free irs. Us irs e file free gov/Individuals, instead of Publication 505 or the worksheets included with Form W-4, to determine whether you need to have your withholding increased or decreased. Us irs e file free Rules Your Employer Must Follow It may be helpful for you to know some of the withholding rules your employer must follow. Us irs e file free These rules can affect how to fill out your Form W-4 and how to handle problems that may arise. Us irs e file free New Form W-4. Us irs e file free   When you start a new job, your employer should have you complete a Form W-4. Us irs e file free Beginning with your first payday, your employer will use the information you give on the form to figure your withholding. Us irs e file free   If you later fill out a new Form W-4, your employer can put it into effect as soon as possible. Us irs e file free The deadline for putting it into effect is the start of the first payroll period ending 30 or more days after you turn it in. Us irs e file free No Form W-4. Us irs e file free   If you do not give your employer a completed Form W-4, your employer must withhold at the highest rate, as if you were single and claimed no withholding allowances. Us irs e file free Repaying withheld tax. Us irs e file free   If you find you are having too much tax withheld because you did not claim all the withholding allowances you are entitled to, you should give your employer a new Form W-4. Us irs e file free Your employer cannot repay any of the tax previously withheld. Us irs e file free Instead, claim the full amount withheld when you file your tax return. Us irs e file free   However, if your employer has withheld more than the correct amount of tax for the Form W-4 you have in effect, you do not have to fill out a new Form W-4 to have your withholding lowered to the correct amount. Us irs e file free Your employer can repay the amount that was withheld incorrectly. Us irs e file free If you are not repaid, your Form W-2 will reflect the full amount actually withheld, which you would claim when you file your tax return. Us irs e file free Exemption From Withholding If you claim exemption from withholding, your employer will not withhold federal income tax from your wages. Us irs e file free The exemption applies only to income tax, not to social security or Medicare tax. Us irs e file free You can claim exemption from withholding for 2014 only if both of the following situations apply. Us irs e file free For 2013 you had a right to a refund of all federal income tax withheld because you had no tax liability. Us irs e file free For 2014 you expect a refund of all federal income tax withheld because you expect to have no tax liability. Us irs e file free Students. Us irs e file free   If you are a student, you are not automatically exempt. Us irs e file free See chapter 1 to find out if you must file a return. Us irs e file free If you work only part time or only during the summer, you may qualify for exemption from withholding. Us irs e file free Age 65 or older or blind. Us irs e file free   If you are 65 or older or blind, use Worksheet 1-3 or 1-4 in chapter 1 of Publication 505, to help you decide if you qualify for exemption from withholding. Us irs e file free Do not use either worksheet if you will itemize deductions, claim exemptions for dependents, or claim tax credits on your 2014 return. Us irs e file free Instead, see Itemizing deductions or claiming exemptions or credits in chapter 1 of Publication 505. Us irs e file free Claiming exemption from withholding. Us irs e file free   To claim exemption, you must give your employer a Form W-4. Us irs e file free Do not complete lines 5 and 6. Us irs e file free Enter “Exempt” on line 7. Us irs e file free   If you claim exemption, but later your situation changes so that you will have to pay income tax after all, you must file a new Form W-4 within 10 days after the change. Us irs e file free If you claim exemption in 2014, but you expect to owe income tax for 2015, you must file a new Form W-4 by December 1, 2014. Us irs e file free   Your claim of exempt status may be reviewed by the IRS. Us irs e file free An exemption is good for only 1 year. Us irs e file free   You must give your employer a new Form W-4 by February 15 each year to continue your exemption. Us irs e file free Supplemental Wages Supplemental wages include bonuses, commissions, overtime pay, vacation allowances, certain sick pay, and expense allowances under certain plans. Us irs e file free The payer can figure withholding on supplemental wages using the same method used for your regular wages. Us irs e file free However, if these payments are identified separately from your regular wages, your employer or other payer of supplemental wages can withhold income tax from these wages at a flat rate. Us irs e file free Expense allowances. Us irs e file free   Reimbursements or other expense allowances paid by your employer under a nonaccountable plan are treated as supplemental wages. Us irs e file free   Reimbursements or other expense allowances paid under an accountable plan that are more than your proven expenses are treated as paid under a nonaccountable plan if you do not return the excess payments within a reasonable period of time. Us irs e file free   For more information about accountable and nonaccountable expense allowance plans, see Reimbursements in chapter 26. Us irs e file free Penalties You may have to pay a penalty of $500 if both of the following apply. Us irs e file free You make statements or claim withholding allowances on your Form W-4 that reduce the amount of tax withheld. Us irs e file free You have no reasonable basis for those statements or allowances at the time you prepare your Form W-4. Us irs e file free There is also a criminal penalty for willfully supplying false or fraudulent information on your Form W-4 or for willfully failing to supply information that would increase the amount withheld. Us irs e file free The penalty upon conviction can be either a fine of up to $1,000 or imprisonment for up to 1 year, or both. Us irs e file free These penalties will apply if you deliberately and knowingly falsify your Form W-4 in an attempt to reduce or eliminate the proper withholding of taxes. Us irs e file free A simple error or an honest mistake will not result in one of these penalties. Us irs e file free For example, a person who has tried to figure the number of withholding allowances correctly, but claims seven when the proper number is six, will not be charged a W-4 penalty. Us irs e file free Tips The tips you receive while working on your job are considered part of your pay. Us irs e file free You must include your tips on your tax return on the same line as your regular pay. Us irs e file free However, tax is not withheld directly from tip income, as it is from your regular pay. Us irs e file free Nevertheless, your employer will take into account the tips you report when figuring how much to withhold from your regular pay. Us irs e file free See chapter 6 for information on reporting your tips to your employer. Us irs e file free For more information on the withholding rules for tip income, see Publication 531, Reporting Tip Income. Us irs e file free How employer figures amount to withhold. Us irs e file free   The tips you report to your employer are counted as part of your income for the month you report them. Us irs e file free Your employer can figure your withholding in either of two ways. Us irs e file free By withholding at the regular rate on the sum of your pay plus your reported tips. Us irs e file free By withholding at the regular rate on your pay plus a percentage of your reported tips. Us irs e file free Not enough pay to cover taxes. Us irs e file free   If your regular pay is not enough for your employer to withhold all the tax (including income tax and social security and Medicare taxes (or the equivalent railroad retirement tax)) due on your pay plus your tips, you can give your employer money to cover the shortage. Us irs e file free See Giving your employer money for taxes in chapter 6. Us irs e file free Allocated tips. Us irs e file free   Your employer should not withhold income tax, Medicare tax, social security tax, or railroad retirement tax on any allocated tips. Us irs e file free Withholding is based only on your pay plus your reported tips. Us irs e file free Your employer should refund to you any incorrectly withheld tax. Us irs e file free See Allocated Tips in chapter 6 for more information. Us irs e file free Taxable Fringe Benefits The value of certain noncash fringe benefits you receive from your employer is considered part of your pay. Us irs e file free Your employer generally must withhold income tax on these benefits from your regular pay. Us irs e file free For information on fringe benefits, see Fringe Benefits under Employee Compensation in chapter 5. Us irs e file free Although the value of your personal use of an employer-provided car, truck, or other highway motor vehicle is taxable, your employer can choose not to withhold income tax on that amount. Us irs e file free Your employer must notify you if this choice is made. Us irs e file free For more information on withholding on taxable fringe benefits, see chapter 1 of Publication 505. Us irs e file free Sick Pay Sick pay is a payment to you to replace your regular wages while you are temporarily absent from work due to sickness or personal injury. Us irs e file free To qualify as sick pay, it must be paid under a plan to which your employer is a party. Us irs e file free If you receive sick pay from your employer or an agent of your employer, income tax must be withheld. Us irs e file free An agent who does not pay regular wages to you may choose to withhold income tax at a flat rate. Us irs e file free However, if you receive sick pay from a third party who is not acting as an agent of your employer, income tax will be withheld only if you choose to have it withheld. Us irs e file free See Form W-4S , later. Us irs e file free If you receive payments under a plan in which your employer does not participate (such as an accident or health plan where you paid all the premiums), the payments are not sick pay and usually are not taxable. Us irs e file free Union agreements. Us irs e file free   If you receive sick pay under a collective bargaining agreement between your union and your employer, the agreement may determine the amount of income tax withholding. Us irs e file free See your union representative or your employer for more information. Us irs e file free Form W-4S. Us irs e file free   If you choose to have income tax withheld from sick pay paid by a third party, such as an insurance company, you must fill out Form W-4S. Us irs e file free Its instructions contain a worksheet you can use to figure the amount you want withheld. Us irs e file free They also explain restrictions that may apply. Us irs e file free   Give the completed form to the payer of your sick pay. Us irs e file free The payer must withhold according to your directions on the form. Us irs e file free Estimated tax. Us irs e file free   If you do not request withholding on Form W-4S, or if you do not have enough tax withheld, you may have to make estimated tax payments. Us irs e file free If you do not pay enough tax, either through estimated tax or withholding, or a combination of both, you may have to pay a penalty. Us irs e file free See Underpayment Penalty for 2013 at the end of this chapter. Us irs e file free Pensions and Annuities Income tax usually will be withheld from your pension or annuity distributions unless you choose not to have it withheld. Us irs e file free This rule applies to distributions from: A traditional individual retirement arrangement (IRA); A life insurance company under an endowment, annuity, or life insurance contract; A pension, annuity, or profit-sharing plan; A stock bonus plan; and Any other plan that defers the time you receive compensation. Us irs e file free The amount withheld depends on whether you receive payments spread out over more than 1 year (periodic payments), within 1 year (nonperiodic payments), or as an eligible rollover distribution (ERD). Us irs e file free Income tax withholding from an ERD is mandatory. Us irs e file free More information. Us irs e file free   For more information on taxation of annuities and distributions (including ERDs) from qualified retirement plans, see chapter 10. Us irs e file free For information on IRAs, see chapter 17. Us irs e file free For more information on withholding on pensions and annuities, including a discussion of Form W-4P, see Pensions and Annuities in chapter 1 of Publication 505. Us irs e file free Gambling Winnings Income tax is withheld at a flat 25% rate from certain kinds of gambling winnings. Us irs e file free Gambling winnings of more than $5,000 from the following sources are subject to income tax withholding. Us irs e file free Any sweepstakes; wagering pool, including payments made to winners of poker tournaments; or lottery. Us irs e file free Any other wager, if the proceeds are at least 300 times the amount of the bet. Us irs e file free It does not matter whether your winnings are paid in cash, in property, or as an annuity. Us irs e file free Winnings not paid in cash are taken into account at their fair market value. Us irs e file free Exception. Us irs e file free   Gambling winnings from bingo, keno, and slot machines generally are not subject to income tax withholding. Us irs e file free However, you may need to provide the payer with a social security number to avoid withholding. Us irs e file free See Backup withholding on gambling winnings in chapter 1 of Publication 505. Us irs e file free If you receive gambling winnings not subject to withholding, you may need to pay estimated tax. Us irs e file free See Estimated Tax for 2014 , later. Us irs e file free If you do not pay enough tax, either through withholding or estimated tax, or a combination of both, you may have to pay a penalty. Us irs e file free See Underpayment Penalty for 2013 at the end of this chapter. Us irs e file free Form W-2G. Us irs e file free   If a payer withholds income tax from your gambling winnings, you should receive a Form W-2G, Certain Gambling Winnings, showing the amount you won and the amount withheld. Us irs e file free Report the tax withheld on line 62 of Form 1040. Us irs e file free Unemployment Compensation You can choose to have income tax withheld from unemployment compensation. Us irs e file free To make this choice, fill out Form W-4V (or a similar form provided by the payer) and give it to the payer. Us irs e file free All unemployment compensation is taxable. Us irs e file free So, if you do not have income tax withheld, you may have to pay estimated tax. Us irs e file free See Estimated Tax for 2014 , later. Us irs e file free If you do not pay enough tax, either through withholding or estimated tax, or a combination of both, you may have to pay a penalty. Us irs e file free For information, see Underpayment Penalty for 2013 at the end of this chapter. Us irs e file free Federal Payments You can choose to have income tax withheld from certain federal payments you receive. Us irs e file free These payments are: Social security benefits, Tier 1 railroad retirement benefits, Commodity credit corporation loans you choose to include in your gross income, Payments under the Agricultural Act of 1949 (7 U. Us irs e file free S. Us irs e file free C. Us irs e file free 1421 et. Us irs e file free seq. Us irs e file free ), as amended, or title II of the Disaster Assistance Act of 1988, that are treated as insurance proceeds and that you receive because: Your crops were destroyed or damaged by drought, flood, or any other natural disaster, or You were unable to plant crops because of a natural disaster described in (a), and Any other payment under Federal law as determined by the Secretary. Us irs e file free To make this choice, fill out Form W-4V (or a similar form provided by the payer) and give it to the payer. Us irs e file free If you do not choose to have income tax withheld, you may have to pay estimated tax. Us irs e file free See Estimated Tax for 2014 , later. Us irs e file free If you do not pay enough tax, either through withholding or estimated tax, or a combination of both, you may have to pay a penalty. Us irs e file free For information, see Underpayment Penalty for 2013 at the end of this chapter. Us irs e file free More information. Us irs e file free   For more information about the tax treatment of social security and railroad retirement benefits, see chapter 11. Us irs e file free Get Publication 225, Farmer's Tax Guide, for information about the tax treatment of commodity credit corporation loans or crop disaster payments. Us irs e file free Backup Withholding Banks or other businesses that pay you certain kinds of income must file an information return (Form 1099) with the IRS. Us irs e file free The information return shows how much you were paid during the year. Us irs e file free It also includes your name and taxpayer identification number (TIN). Us irs e file free TINs are explained in chapter 1 under Social Security Number (SSN) . Us irs e file free These payments generally are not subject to withholding. Us irs e file free However, “backup” withholding is required in certain situations. Us irs e file free Backup withholding can apply to most kinds of payments that are reported on Form 1099. Us irs e file free The payer must withhold at a flat 28% rate in the following situations. Us irs e file free You do not give the payer your TIN in the required manner. Us irs e file free The IRS notifies the payer that the TIN you gave is incorrect. Us irs e file free You are required, but fail, to certify that you are not subject to backup withholding. Us irs e file free The IRS notifies the payer to start withholding on interest or dividends because you have underreported interest or dividends on your income tax return. Us irs e file free The IRS will do this only after it has mailed you four notices over at least a 210-day period. Us irs e file free See Backup Withholding in chapter 1 of Publication 505 for more information. Us irs e file free Penalties. Us irs e file free   There are civil and criminal penalties for giving false information to avoid backup withholding. Us irs e file free The civil penalty is $500. Us irs e file free The criminal penalty, upon conviction, is a fine of up to $1,000 or imprisonment of up to 1 year, or both. Us irs e file free Estimated Tax for 2014 Estimated tax is the method used to pay tax on income that is not subject to withholding. Us irs e file free This includes income from self-employment, interest, dividends, alimony, rent, gains from the sale of assets, prizes, and awards. Us irs e file free You also may have to pay estimated tax if the amount of income tax being withheld from your salary, pension, or other income is not enough. Us irs e file free Estimated tax is used to pay both income tax and self-employment tax, as well as other taxes and amounts reported on your tax return. Us irs e file free If you do not pay enough tax, either through withholding or estimated tax, or a combination of both, you may have to pay a penalty. Us irs e file free If you do not pay enough by the due date of each payment period (see When To Pay Estimated Tax , later), you may be charged a penalty even if you are due a refund when you file your tax return. Us irs e file free For information on when the penalty applies, see Underpayment Penalty for 2013 at the end of this chapter. Us irs e file free Who Does Not Have To Pay Estimated Tax If you receive salaries or wages, you can avoid having to pay estimated tax by asking your employer to take more tax out of your earnings. Us irs e file free To do this, give a new Form W-4 to your employer. Us irs e file free See chapter 1 of Publication 505. Us irs e file free Estimated tax not required. Us irs e file free   You do not have to pay estimated tax for 2014 if you meet all three of the following conditions. Us irs e file free You had no tax liability for 2013. Us irs e file free You were a U. Us irs e file free S. Us irs e file free citizen or resident alien for the whole year. Us irs e file free Your 2013 tax year covered a 12-month period. Us irs e file free   You had no tax liability for 2013 if your total tax was zero or you did not have to file an income tax return. Us irs e file free For the definition of “total tax” for 2013, see Publication 505, chapter 2. Us irs e file free Who Must Pay Estimated Tax If you owe additional tax for 2013, you may have to pay estimated tax for 2014. Us irs e file free You can use the following general rule as a guide during the year to see if you will have enough withholding, or if you should increase your withholding or make estimated tax payments. Us irs e file free General rule. Us irs e file free   In most cases, you must pay estimated tax for 2014 if both of the following apply. Us irs e file free You expect to owe at least $1,000 in tax for 2014, after subtracting your withholding and refundable credits. Us irs e file free You expect your withholding plus your refundable credits to be less than the smaller of: 90% of the tax to be shown on your 2014 tax return, or 100% of the tax shown on your 2013 tax return (but see Special rules for farmers, fishermen, and higher income taxpayers, later). Us irs e file free Your 2013 tax return must cover all 12 months. Us irs e file free    If the result from using the general rule above suggests that you will not have enough withholding, complete the 2014 Estimated Tax Worksheet in Publication 505 for a more accurate calculation. Us irs e file free Special rules for farmers, fishermen, and higher income taxpayers. Us irs e file free   If at least two-thirds of your gross income for tax year 2013 or 2014 is from farming or fishing, substitute 662/3% for 90% in (2a) under the General rule, earlier. Us irs e file free If your AGI for 2013 was more than $150,000 ($75,000 if your filing status for 2014 is married filing a separate return), substitute 110% for 100% in (2b) under General rule , earlier. Us irs e file free See Figure 4-A and Publication 505, chapter 2 for more information. Us irs e file free Figure 4-A. Us irs e file free Do You Have To Pay Estimated Tax? Please click here for the text description of the image. Us irs e file free Figure 4-A Do You Have To Pay Estimated Tax? Aliens. Us irs e file free   Resident and nonresident aliens also may have to pay estimated tax. Us irs e file free Resident aliens should follow the rules in this chapter unless noted otherwise. Us irs e file free Nonresident aliens should get Form 1040-ES (NR), U. Us irs e file free S. Us irs e file free Estimated Tax for Nonresident Alien Individuals. Us irs e file free   You are an alien if you are not a citizen or national of the United States. Us irs e file free You are a resident alien if you either have a green card or meet the substantial presence test. Us irs e file free For more information about the substantial presence test, see Publication 519, U. Us irs e file free S. Us irs e file free Tax Guide for Aliens. Us irs e file free Married taxpayers. Us irs e file free   If you qualify to make joint estimated tax payments, apply the rules discussed here to your joint estimated income. Us irs e file free   You and your spouse can make joint estimated tax payments even if you are not living together. Us irs e file free   However, you and your spouse cannot make joint estimated tax payments if:  You are legally separated under a decree of divorce or separate maintenance, You and your spouse have different tax years, or Either spouse is a nonresident alien (unless that spouse elected to be treated as a resident alien for tax purposes (see chapter 1 of Publication 519)). Us irs e file free   If you do not qualify to make joint estimated tax payments, apply these rules to your separate estimated income. Us irs e file free Making joint or separate estimated tax payments will not affect your choice of filing a joint tax return or separate returns for 2014. Us irs e file free 2013 separate returns and 2014 joint return. Us irs e file free   If you plan to file a joint return with your spouse for 2014, but you filed separate returns for 2013, your 2013 tax is the total of the tax shown on your separate returns. Us irs e file free You filed a separate return if you filed as single, head of household, or married filing separately. Us irs e file free 2013 joint return and 2014 separate returns. Us irs e file free   If you plan to file a separate return for 2014 but you filed a joint return for 2013, your 2013 tax is your share of the tax on the joint return. Us irs e file free You file a separate return if you file as single, head of household, or married filing separately. Us irs e file free   To figure your share of the tax on the joint return, first figure the tax both you and your spouse would have paid had you filed separate returns for 2013 using the same filing status as for 2014. Us irs e file free Then multiply the tax on the joint return by the following fraction. Us irs e file free     The tax you would have paid had you filed a separate return   The total tax you and your spouse would have paid had you filed separate returns Example. Us irs e file free Joe and Heather filed a joint return for 2013 showing taxable income of $48,500 and a tax of $6,386. Us irs e file free Of the $48,500 taxable income, $40,100 was Joe's and the rest was Heather's. Us irs e file free For 2014, they plan to file married filing separately. Us irs e file free Joe figures his share of the tax on the 2013 joint return as follows. Us irs e file free   Tax on $40,100 based on a separate return $5,960     Tax on $8,400 based on a separate return 843     Total $6,803     Joe's percentage of total ($5,960 ÷ $6,803) 87. Us irs e file free 6%     Joe's share of tax on joint return  ($6,386 × 87. Us irs e file free 6%) $5,594   How To Figure Estimated Tax To figure your estimated tax, you must figure your expected adjusted gross income (AGI), taxable income, taxes, deductions, and credits for the year. Us irs e file free When figuring your 2014 estimated tax, it may be helpful to use your income, deductions, and credits for 2013 as a starting point. Us irs e file free Use your 2013 federal tax return as a guide. Us irs e file free You can use Form 1040-ES and Publication 505 to figure your estimated tax. Us irs e file free Nonresident aliens use Form 1040-ES (NR) and Publication 505 to figure estimated tax (see chapter 8 of Publication 519 for more information). Us irs e file free You must make adjustments both for changes in your own situation and for recent changes in the tax law. Us irs e file free For a discussion of these changes, visit IRS. Us irs e file free gov. Us irs e file free For more complete information on how to figure your estimated tax for 2014, see chapter 2 of Publication 505. Us irs e file free When To Pay Estimated Tax For estimated tax purposes, the tax year is divided into four payment periods. Us irs e file free Each period has a specific payment due date. Us irs e file free If you do not pay enough tax by the due date of each payment period, you may be charged a penalty even if you are due a refund when you file your income tax return. Us irs e file free The payment periods and due dates for estimated tax payments are shown next. Us irs e file free   For the period: Due date:*     Jan. Us irs e file free 1 – March 31 April 15     April 1 – May 31 June 16     June 1 – August 31 Sept. Us irs e file free 15     Sept. Us irs e file free 1– Dec. Us irs e file free 31 Jan. Us irs e file free 15, next year     *See Saturday, Sunday, holiday rule and January payment . Us irs e file free Saturday, Sunday, holiday rule. Us irs e file free   If the due date for an estimated tax payment falls on a Saturday, Sunday, or legal holiday, the payment will be on time if you make it on the next day that is not a Saturday, Sunday, or legal holiday. Us irs e file free January payment. Us irs e file free   If you file your 2014 Form 1040 or Form 1040A by January 31, 2015, and pay the rest of the tax you owe, you do not need to make the payment due on January 15, 2015. Us irs e file free Fiscal year taxpayers. Us irs e file free   If your tax year does not start on January 1, see the Form 1040-ES instructions for your payment due dates. Us irs e file free When To Start You do not have to make estimated tax payments until you have income on which you will owe income tax. Us irs e file free If you have income subject to estimated tax during the first payment period, you must make your first payment by the due date for the first payment period. Us irs e file free You can pay all your estimated tax at that time, or you can pay it in installments. Us irs e file free If you choose to pay in installments, make your first payment by the due date for the first payment period. Us irs e file free Make your remaining installment payments by the due dates for the later periods. Us irs e file free No income subject to estimated tax during first period. Us irs e file free    If you do not have income subject to estimated tax until a later payment period, you must make your first payment by the due date for that period. Us irs e file free You can pay your entire estimated tax by the due date for that period or you can pay it in installments by the due date for that period and the due dates for the remaining periods. Us irs e file free The following chart shows when to make installment payments. Us irs e file free If you first have income on which you must pay estimated tax: Make a payment  by:* Make later installments by:* Before April 1 April 15 June 16 Sept. Us irs e file free 15 Jan. Us irs e file free 15 next year April 1–May 31 June 16 Sept. Us irs e file free 15 Jan. Us irs e file free 15 next year June 1–Aug. Us irs e file free 31 Sept. Us irs e file free 15 Jan. Us irs e file free 15 next year After Aug. Us irs e file free 31 Jan. Us irs e file free 15 next year (None) *See Saturday, Sunday, holiday rule and January payment . Us irs e file free How much to pay to avoid a penalty. Us irs e file free   To determine how much you should pay by each payment due date, see How To Figure Each Payment, next. Us irs e file free How To Figure Each Payment You should pay enough estimated tax by the due date of each payment period to avoid a penalty for that period. Us irs e file free You can figure your required payment for each period by using either the regular installment method or the annualized income installment method. Us irs e file free These methods are described in chapter 2 of Publication 505. Us irs e file free If you do not pay enough during each payment period, you may be charged a penalty even if you are due a refund when you file your tax return. Us irs e file free If the earlier discussion of No income subject to estimated tax during first period or the later discussion of Change in estimated tax applies to you, you may benefit from reading Annualized Income Installment Method in chapter 2 of Publication 505 for information on how to avoid a penalty. Us irs e file free Underpayment penalty. Us irs e file free   Under the regular installment method, if your estimated tax payment for any period is less than one-fourth of your estimated tax, you may be charged a penalty for underpayment of estimated tax for that period when you file your tax return. Us irs e file free Under the annualized income installment method, your estimated tax payments vary with your income, but the amount required must be paid each period. Us irs e file free See chapter 4 of Publication 505 for more information. Us irs e file free Change in estimated tax. Us irs e file free   After you make an estimated tax payment, changes in your income, adjustments, deductions, credits, or exemptions may make it necessary for you to refigure your estimated tax. Us irs e file free Pay the unpaid balance of your amended estimated tax by the next payment due date after the change or in installments by that date and the due dates for the remaining payment periods. Us irs e file free Estimated Tax Payments Not Required You do not have to pay estimated tax if your withholding in each payment period is at least as much as: One-fourth of your required annual payment, or Your required annualized income installment for that period. Us irs e file free You also do not have to pay estimated tax if you will pay enough through withholding to keep the amount you owe with your return under $1,000. Us irs e file free How To Pay Estimated Tax There are several ways to pay estimated tax. Us irs e file free Credit an overpayment on your 2013 return to your 2014 estimated tax. Us irs e file free Pay by direct transfer from your bank account, or pay by credit or debit card using a pay-by-phone system or the Internet. Us irs e file free Send in your payment (check or money order) with a payment voucher from Form 1040-ES. Us irs e file free Credit an Overpayment If you show an overpayment of tax after completing your Form 1040 or Form 1040A for 2013, you can apply part or all of it to your estimated tax for 2014. Us irs e file free On line 75 of Form 1040, or line 44 of Form 1040A, enter the amount you want credited to your estimated tax rather than refunded. Us irs e file free Take the amount you have credited into account when figuring your estimated tax payments. Us irs e file free You cannot have any of the amount you credited to your estimated tax refunded to you until you file your tax return for the following year. Us irs e file free You also cannot use that overpayment in any other way. Us irs e file free Pay Online Paying online is convenient and secure and helps make sure we get your payments on time. Us irs e file free You can pay using either of the following electronic payment methods. Us irs e file free Direct transfer from your bank account. Us irs e file free Credit or debit card. Us irs e file free To pay your taxes online or for more information, go to www. Us irs e file free irs. Us irs e file free gov/e-pay. Us irs e file free Pay by Phone Paying by phone is another safe and secure method of paying electronically. Us irs e file free Use one of the following methods. Us irs e file free Direct transfer from your bank account. Us irs e file free Credit or debit card. Us irs e file free To pay by direct transfer from your bank account, call 1-800-555-4477 (English), 1-800-244-4829 (Espanol). Us irs e file free People who are deaf, hard of hearing, or have a speech disability and who have access to TTY/TDD can call 1-800-733-4829. Us irs e file free To pay using a credit or debit card, you can call one of the following service providers. Us irs e file free There is a convenience fee charged by these providers that varies by provider, card type, and payment amount. Us irs e file free WorldPay 1-888-9-PAY-TAXTM(1-888-972-9829) www. Us irs e file free payUSAtax. Us irs e file free com Official Payments Corporation 1-888-UPAY-TAXTM (1-888-872-9829) www. Us irs e file free officialpayments. Us irs e file free com Link2Gov Corporation 1-888-PAY-1040TM (1-888-729-1040) www. Us irs e file free PAY1040. Us irs e file free com For the latest details on how to pay by phone, go to www. Us irs e file free irs. Us irs e file free gov/e-pay. Us irs e file free Pay by Check or Money Order Using the Estimated Tax Payment Voucher Each payment of estimated tax by check or money order must be accompanied by a payment voucher from Form 1040-ES. Us irs e file free During 2013, if you: made at least one estimated tax payment but not by electronic means, did not use software or a paid preparer to prepare or file your return,  then you should receive a copy of the 2014 Form 1040-ES/V. Us irs e file free The enclosed payment vouchers will be preprinted with your name, address, and social security number. Us irs e file free Using the preprinted vouchers will speed processing, reduce the chance of error, and help save processing costs. Us irs e file free Use the window envelopes that came with your Form 1040-ES package. Us irs e file free If you use your own envelopes, make sure you mail your payment vouchers to the address shown in the Form 1040-ES instructions for the place where you live. Us irs e file free Note. Us irs e file free These criteria can change without notice. Us irs e file free If you do not receive a Form 1040-ES/V package and you are required to make an estimated tax payment, you should go to www. Us irs e file free irs. Us irs e file free gov and print a copy of Form 1040-ES which includes four blank payment vouchers. Us irs e file free Complete one of these and make your payment timely to avoid penalties for paying late. Us irs e file free Do not use the address shown in the Form 1040 or Form 1040A instructions for your estimated tax payments. Us irs e file free If you did not pay estimated tax last year, you can order Form 1040-ES from the IRS (see inside back cover of this publication) or download it from IRS. Us irs e file free gov. Us irs e file free Follow the instructions to make sure you use the vouchers correctly. Us irs e file free Joint estimated tax payments. Us irs e file free   If you file a joint return and are making joint estimated tax payments, enter the names and social security numbers on the payment voucher in the same order as they will appear on the joint return. Us irs e file free Change of address. Us irs e file free   You must notify the IRS if you are making estimated tax payments and you changed your address during the year. Us irs e file free Complete Form 8822, Change of Address, and mail it to the address shown in the instructions for that form. Us irs e file free Credit for Withholding and Estimated Tax for 2013 When you file your 2013 income tax return, take credit for all the income tax and excess social security or railroad retirement tax withheld from your salary, wages, pensions, etc. Us irs e file free Also take credit for the estimated tax you paid for 2013. Us irs e file free These credits are subtracted from your total tax. Us irs e file free Because these credits are refundable, you should file a return and claim these credits, even if you do not owe tax. Us irs e file free Two or more employers. Us irs e file free   If you had two or more employers in 2013 and were paid wages of more than $113,700, too much social security or tier 1 railroad retirement tax may have been withheld from your pay. Us irs e file free You may be able to claim the excess as a credit against your income tax when you file your return. Us irs e file free See Credit for Excess Social Security Tax or Railroad Retirement Tax Withheld in chapter 37. Us irs e file free Withholding If you had income tax withheld during 2013, you should be sent a statement by January 31, 2014, showing your income and the tax withheld. Us irs e file free Depending on the source of your income, you should receive: Form W-2, Wage and Tax Statement, Form W-2G, Certain Gambling Winnings, or A form in the 1099 series. Us irs e file free Forms W-2 and W-2G. Us irs e file free   If you file a paper return, always file Form W-2 with your income tax return. Us irs e file free File Form W-2G with your return only if it shows any federal income tax withheld from your winnings. Us irs e file free   You should get at least two copies of each form. Us irs e file free If you file a paper return, attach one copy to the front of your federal income tax return. Us irs e file free Keep one copy for your records. Us irs e file free You also should receive copies to file with your state and local returns. Us irs e file free Form W-2 Your employer is required to provide or send Form W-2 to you no later than January 31, 2014. Us irs e file free You should receive a separate Form W-2 from each employer you worked for. Us irs e file free If you stopped working before the end of 2013, your employer could have given you your Form W-2 at any time after you stopped working. Us irs e file free However, your employer must provide or send it to you by January 31, 2014. Us irs e file free If you ask for the form, your employer must send it to you within 30 days after receiving your written request or within 30 days after your final wage payment, whichever is later. Us irs e file free If you have not received your Form W-2 by January 31, you should ask your employer for it. Us irs e file free If you do not receive it by February 15, call the IRS. Us irs e file free Form W-2 shows your total pay and other compensation and the income tax, social security tax, and Medicare tax that was withheld during the year. Us irs e file free Include the federal income tax withheld (as shown in box 2 of Form W-2) on: Line 62 if you file Form 1040, Line 36 if you file Form 1040A, or Line 7 if you file Form 1040EZ. Us irs e file free In addition, Form W-2 is used to report any taxable sick pay you received and any income tax withheld from your sick pay. Us irs e file free Form W-2G If you had gambling winnings in 2013, the payer may have withheld income tax. Us irs e file free If tax was withheld, the payer will give you a Form W-2G showing the amount you won and the amount of tax withheld. Us irs e file free Report the amounts you won on line 21 of Form 1040. Us irs e file free Take credit for the tax withheld on line 62 of Form 1040. Us irs e file free If you had gambling winnings, you must use Form 1040; you cannot use Form 1040A or Form 1040EZ. Us irs e file free The 1099 Series Most forms in the 1099 series are not filed with your return. Us irs e file free These forms should be furnished to you by January 31, 2014 (or, for Forms 1099-B, 1099-S, and certain Forms 1099-MISC, by February 15, 2014). Us irs e file free Unless instructed to file any of these forms with your return, keep them for your records. Us irs e file free There are several different forms in this series, including: Form 1099-B, Proceeds From Broker and Barter Exchange Transactions; Form 1099-DIV, Dividends and Distributions; Form 1099-G, Certain Government Payments; Form 1099-INT, Interest Income; Form 1099-K, Payment Card and Third Party Network Transactions; Form 1099-MISC, Miscellaneous Income; Form 1099-OID, Original Issue Discount; Form 1099-PATR, Taxable Distributions Received from Cooperatives; Form 1099-Q, Payments From Qualified Education Programs; Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. Us irs e file free ; Form 1099-S, Proceeds From Real Estate Transactions; Form RRB-1099, Payments by the Railroad Retirement Board. Us irs e file free If you received the types of income reported on some forms in the 1099 series, you may not be able to use Form 1040A or Form 1040EZ. Us irs e file free See the instructions to these forms for details. Us irs e file free Form 1099-R. Us irs e file free   Attach Form 1099-R to your paper return if box 4 shows federal income tax withheld. Us irs e file free Include the amount withheld in the total on line 62 of Form 1040 or line 36 of Form 1040A. Us irs e file free You cannot use Form 1040EZ if you received payments reported on Form 1099-R. Us irs e file free Backup withholding. Us irs e file free   If you were subject to backup withholding on income you received during 2013, include the amount withheld, as shown on your Form 1099, in the total on line 62 of Form 1040, line 36 of Form 1040A, or line 7 of Form 1040EZ. Us irs e file free Form Not Correct If you receive a form with incorrect information on it, you should ask the payer for a corrected form. Us irs e file free Call the telephone number or write to the address given for the payer on the form. Us irs e file free The corrected Form W-2G or Form 1099 you receive will have an “X” in the “CORRECTED” box at the top of the form. Us irs e file free A special form, Form W-2c, Corrected Wage and Tax Statement, is used to correct a Form W-2. Us irs e file free In certain situations, you will receive two forms in place of the original incorrect form. Us irs e file free This will happen when your taxpayer identification number is wrong or missing, your name and address are wrong, or you received the wrong type of form (for example, a Form 1099-DIV instead of a Form 1099-INT). Us irs e file free One new form you receive will be the same incorrect form or have the same incorrect information, but all money amounts will be zero. Us irs e file free This form will have an “X” in the “CORRECTED” box at the top of the form. Us irs e file free The second new form should have all the correct information, prepared as though it is the original (the “CORRECTED” box will not be checked). Us irs e file free Form Received After Filing If you file your return and you later receive a form for income that you did not include on your return, you should report the income and take credit for any income tax withheld by filing Form 1040X, Amended U. Us irs e file free S. Us irs e file free Individual Income Tax Return. Us irs e file free Separate Returns If you are married but file a separate return, you can take credit only for the tax withheld from your own income. Us irs e file free Do not include any amount withheld from your spouse's income. Us irs e file free However, different rules may apply if you live in a community property state. Us irs e file free Community property states are listed in chapter 2. Us irs e file free For more information on these rules, and some exceptions, see Publication 555, Community Property. Us irs e file free Fiscal Years If you file your tax return on the basis of a fiscal year (a 12-month period ending on the last day of any month except December), you must follow special rules to determine your credit for federal income tax withholding. Us irs e file free For a discussion of how to take credit for withholding on a fiscal year return, see Fiscal Years (FY) in chapter 3 of Publication 505. Us irs e file free Estimated Tax Take credit for all your estimated tax payments for 2013 on line 63 of Form 1040 or line 37 of Form 1040A. Us irs e file free Include any overpayment from 2012 that you had credited to your 2013 estimated tax. Us irs e file free You must use Form 1040 or Form 1040A if you paid estimated tax. Us irs e file free You cannot use Form 1040EZ. Us irs e file free Name changed. Us irs e file free   If you changed your name, and you made estimated tax payments using your old name, attach a brief statement to the front of your paper tax return indicating: When you made the payments, The amount of each payment, Your name when you made the payments, and Your social security number. Us irs e file free The statement should cover payments you made jointly with your spouse as well as any you made separately. Us irs e file free   Be sure to report the change to the Social Security Administration. Us irs e file free This prevents delays in processing your return and issuing any refunds. Us irs e file free Separate Returns If you and your spouse made separate estimated tax payments for 2013 and you file separate returns, you can take credit only for your own payments. Us irs e file free If you made joint estimated tax payments, you must decide how to divide the payments between your returns. Us irs e file free One of you can claim all of the estimated tax paid and the other none, or you can divide it in any other way you agree on. Us irs e file free If you cannot agree, you must divide the payments in proportion to each spouse's individual tax as shown on your separate returns for 2013. Us irs e file free Divorced Taxpayers If you made joint estimated tax payments for 2013, and you were divorced during the year, either you or your former spouse can claim all of the joint payments, or you each can claim part of them. Us irs e file free If you cannot agree on how to divide the payments, you must divide them in proportion to each spouse's individual tax as shown on your separate returns for 2013. Us irs e file free If you claim any of the joint payments on your tax return, enter your former spouse's social security number (SSN) in the space provided on the front of Form 1040 or Form 1040A. Us irs e file free If you divorced and remarried in 2013, enter your present spouse's SSN in that space and write your former spouse's SSN, followed by “DIV,” to the left of Form 1040, line 63, or Form 1040A, line 37. Us irs e file free Underpayment Penalty for 2013 If you did not pay enough tax, either through withholding or by making timely estimated tax payments, you will have an underpayment of estimated tax and you may have to pay a penalty. Us irs e file free Generally, you will not have to pay a penalty for 2013 if any of the following apply. Us irs e file free The total of your withholding and estimated tax payments was at least as much as your 2012 tax (or 110% of your 2012 tax if your AGI was more than $150,000, $75,000 if your 2013 filing status is married filing separately) and you paid all required estimated tax payments on time. Us irs e file free The tax balance due on your 2013 return is no more than 10% of your total 2013 tax, and you paid all required estimated tax payments on time. Us irs e file free Your total 2013 tax minus your withholding and refundable credits is less than $1,000. Us irs e file free You did not have a tax liability for 2012 and your 2012 tax year was 12 months, or You did not have any withholding taxes and your current year tax less any household employment taxes is less than $1,000. Us irs e file free See Publication 505, chapter 4, for a definition of “total tax” for 2012 and 2013. Us irs e file free Farmers and fishermen. Us irs e file free   Special rules apply if you are a farmer or fisherman. Us irs e file free See Farmers and Fishermen in chapter 4 of Publication 505 for more information. Us irs e file free IRS can figure the penalty for you. Us irs e file free   If you think you owe the penalty but you do not want to figure it yourself when you file your tax return, you may not have to. Us irs e file free Generally, the IRS will figure the penalty for you and send you a bill. Us irs e file free However, if you think you are able to lower or eliminate your penalty, you must complete Form 2210 or Form 2210-F and attach it to your paper return. Us irs e file free See chapter 4 of Publication 505. Us irs e file free Prev  Up  Next   Home   More Online Publications