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1040 Ez Instructions 2013

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1040 Ez Instructions 2013

1040 ez instructions 2013 Publication 521 - Main Content Table of Contents Who Can Deduct Moving ExpensesMove Related to Start of Work Distance Test Time Test Retirees or Survivors Who Move to the United States Deductible Moving ExpensesMoves to Locations in the United States Moves to Locations Outside the United States Nondeductible Expenses ReimbursementsTypes of Reimbursement Plans Tax Withholding and Estimated Tax How and When To ReportForm 3903 When To Deduct Expenses Illustrated Example Members of the Armed Forces How To Get Tax Help Who Can Deduct Moving Expenses You can deduct your moving expenses if you meet all three of the following requirements. 1040 ez instructions 2013 Your move is closely related to the start of work. 1040 ez instructions 2013 You meet the distance test. 1040 ez instructions 2013 You meet the time test. 1040 ez instructions 2013 After you have read these rules, you may want to use Figure B to help you decide if you can deduct your moving expenses. 1040 ez instructions 2013 Retirees, survivors, and Armed Forces members. 1040 ez instructions 2013   Different rules may apply if you are a member of the Armed Forces or a retiree or survivor moving to the United States. 1040 ez instructions 2013 These rules are discussed later in this publication. 1040 ez instructions 2013 Move Related to Start of Work Your move must be closely related, both in time and in place, to the start of work at your new job location. 1040 ez instructions 2013 Closely related in time. 1040 ez instructions 2013   In most cases, you can consider moving expenses incurred within 1 year from the date you first reported to work at the new location as closely related in time to the start of work. 1040 ez instructions 2013 It is not necessary that you arrange to work before moving to a new location, as long as you actually go to work in that location. 1040 ez instructions 2013    Figure A. 1040 ez instructions 2013 Illustration of Distance Test Please click here for the text description of the image. 1040 ez instructions 2013 Figure A   If you do not move within 1 year of the date you begin work, you ordinarily cannot deduct the expenses unless you can show that circumstances existed that prevented the move within that time. 1040 ez instructions 2013 Example. 1040 ez instructions 2013 Your family moved more than a year after you started work at a new location. 1040 ez instructions 2013 You delayed the move for 18 months to allow your child to complete high school. 1040 ez instructions 2013 You can deduct your moving expenses. 1040 ez instructions 2013 Closely related in place. 1040 ez instructions 2013   You can generally consider your move closely related in place to the start of work if the distance from your new home to the new job location is not more than the distance from your former home to the new job location. 1040 ez instructions 2013 If your move does not meet this requirement, you may still be able to deduct moving expenses if you can show that: You are required to live at your new home as a condition of your employment, or You will spend less time or money commuting from your new home to your new job location. 1040 ez instructions 2013 Home defined. 1040 ez instructions 2013   Your home means your main home (residence). 1040 ez instructions 2013 It can be a house, apartment, condominium, houseboat, house trailer, or similar dwelling. 1040 ez instructions 2013 It does not include other homes owned or kept up by you or members of your family. 1040 ez instructions 2013 It also does not include a seasonal home, such as a summer beach cottage. 1040 ez instructions 2013 Your former home means your home before you left for your new job location. 1040 ez instructions 2013 Your new home means your home within the area of your new job location. 1040 ez instructions 2013 Retirees or survivors. 1040 ez instructions 2013   You may be able to deduct the expenses of moving to the United States or its possessions even though the move is not related to the start of work at a new job location. 1040 ez instructions 2013 You must have worked outside the United States or be a survivor of someone who did. 1040 ez instructions 2013 See Retirees or Survivors Who Move to the United States, later. 1040 ez instructions 2013 Distance Test Your move will meet the distance test if your new main job location is at least 50 miles farther from your former home than your old main job location was from your former home. 1040 ez instructions 2013 For example, if your old main job location was 3 miles from your former home, your new main job location must be at least 53 miles from that former home. 1040 ez instructions 2013 You can use Worksheet 1 to see if you meet this test. 1040 ez instructions 2013 Worksheet 1. 1040 ez instructions 2013 Distance Test   Note. 1040 ez instructions 2013 Members of the Armed Forces may not have to meet this test. 1040 ez instructions 2013 See Members of the Armed Forces. 1040 ez instructions 2013     1. 1040 ez instructions 2013 Enter the number of miles from your old home to your new workplace 1. 1040 ez instructions 2013 miles 2. 1040 ez instructions 2013 Enter the number of miles from your old home to your old workplace 2. 1040 ez instructions 2013 miles 3. 1040 ez instructions 2013 Subtract line 2 from line 1. 1040 ez instructions 2013 If zero or less, enter -0- 3. 1040 ez instructions 2013 miles 4. 1040 ez instructions 2013 Is line 3 at least 50 miles? □ Yes. 1040 ez instructions 2013 You meet this test. 1040 ez instructions 2013  □ No. 1040 ez instructions 2013 You do not meet this test. 1040 ez instructions 2013 You cannot deduct your moving expenses. 1040 ez instructions 2013 The distance between a job location and your home is the shortest of the more commonly traveled routes between them. 1040 ez instructions 2013 The distance test considers only the location of your former home. 1040 ez instructions 2013 It does not take into account the location of your new home. 1040 ez instructions 2013 See Figure A, earlier. 1040 ez instructions 2013 Example. 1040 ez instructions 2013 You moved to a new home less than 50 miles from your former home because you changed main job locations. 1040 ez instructions 2013 Your old main job location was 3 miles from your former home. 1040 ez instructions 2013 Your new main job location is 60 miles from that home. 1040 ez instructions 2013 Because your new main job location is 57 miles farther from your former home than the distance from your former home to your old main job location, you meet the distance test. 1040 ez instructions 2013 First job or return to full-time work. 1040 ez instructions 2013   If you go to work full time for the first time, your place of work must be at least 50 miles from your former home to meet the distance test. 1040 ez instructions 2013   If you go back to full-time work after a substantial period of part-time work or unemployment, your place of work also must be at least 50 miles from your former home. 1040 ez instructions 2013 Armed Forces. 1040 ez instructions 2013   If you are in the Armed Forces and you moved because of a permanent change of station, you do not have to meet the distance test. 1040 ez instructions 2013 See Members of the Armed Forces, later. 1040 ez instructions 2013 Main job location. 1040 ez instructions 2013   Your main job location is usually the place where you spend most of your working time. 1040 ez instructions 2013 This could be your office, plant, store, shop, or other location. 1040 ez instructions 2013 If there is no one place where you spend most of your working time, your main job location is the place where your work is centered, such as where you report for work or are otherwise required to “base” your work. 1040 ez instructions 2013 Union members. 1040 ez instructions 2013   If you work for several employers on a short-term basis and you get work under a union hall system (such as a construction or building trades worker), your main job location is the union hall. 1040 ez instructions 2013 More than one job. 1040 ez instructions 2013   If you have more than one job at any time, your main job location depends on the facts in each case. 1040 ez instructions 2013 The more important factors to be considered are: The total time you spend at each place, The amount of work you do at each place, and How much money you earn at each place. 1040 ez instructions 2013    Table 1. 1040 ez instructions 2013 Satisfying the Time Test for Employees and Self-Employed Persons IF you are. 1040 ez instructions 2013 . 1040 ez instructions 2013 . 1040 ez instructions 2013 THEN you satisfy the time test by meeting the. 1040 ez instructions 2013 . 1040 ez instructions 2013 . 1040 ez instructions 2013 an employee 39-week test for employees. 1040 ez instructions 2013 self-employed 78-week test for self-employed persons. 1040 ez instructions 2013 both self-employed and an employee at the same time 78-week test for a self-employed person or the 39-week  test for an employee. 1040 ez instructions 2013 Your principal place of work  determines which test applies. 1040 ez instructions 2013 both self-employed and an employee, but unable to satisfy the 39-week test for employees 78-week test for self-employed persons. 1040 ez instructions 2013 Time Test To deduct your moving expenses, you also must meet one of the following two time tests. 1040 ez instructions 2013 The time test for employees. 1040 ez instructions 2013 The time test for self-employed persons. 1040 ez instructions 2013 Both of these tests are explained below. 1040 ez instructions 2013 See Table 1, below, for a summary of these tests. 1040 ez instructions 2013 You can deduct your moving expenses before you meet either of the time tests. 1040 ez instructions 2013 See Time Test Not Yet Met, later. 1040 ez instructions 2013 Time Test for Employees If you are an employee, you must work full time for at least 39 weeks during the first 12 months after you arrive in the general area of your new job location (39-week test). 1040 ez instructions 2013 Full-time employment depends on what is usual for your type of work in your area. 1040 ez instructions 2013 For purposes of this test, the following four rules apply. 1040 ez instructions 2013 You count only your full-time work as an employee, not any work you do as a self-employed person. 1040 ez instructions 2013 You do not have to work for the same employer for all 39 weeks. 1040 ez instructions 2013 You do not have to work 39 weeks in a row. 1040 ez instructions 2013 You must work full time within the same general commuting area for all 39 weeks. 1040 ez instructions 2013 Temporary absence from work. 1040 ez instructions 2013   You are considered to have worked full time during any week you are temporarily absent from work because of illness, strikes, lockouts, layoffs, natural disasters, or similar causes. 1040 ez instructions 2013 You are also considered to have worked full time during any week you are absent from work for leave or vacation provided for in your work contract or agreement. 1040 ez instructions 2013 Seasonal work. 1040 ez instructions 2013   If your work is seasonal, you are considered to be working full time during the off-season only if your work contract or agreement covers an off-season period of less than 6 months. 1040 ez instructions 2013 For example, a school teacher on a 12-month contract who teaches on a full-time basis for more than 6 months is considered to have worked full time for the entire 12 months. 1040 ez instructions 2013    Figure B. 1040 ez instructions 2013 Can You Deduct Expenses for a Non-Military Move Within the United States? Please click here for the text description of the image. 1040 ez instructions 2013 Figure B Time Test for Self-Employed Persons If you are self-employed, you must work full time for at least 39 weeks during the first 12 months and for a total of at least 78 weeks during the first 24 months after you arrive in the general area of your new job location (78-week test). 1040 ez instructions 2013 For purposes of the time test for self-employed persons, the following three rules apply. 1040 ez instructions 2013 You count any full-time work you do either as an employee or as a self-employed person. 1040 ez instructions 2013 You do not have to work for the same employer or be self-employed in the same trade or business for the 78 weeks. 1040 ez instructions 2013 You must work within the same general commuting area for all 78 weeks. 1040 ez instructions 2013 Example. 1040 ez instructions 2013 You are a self-employed accountant who moves from Atlanta to New York City, and begin to work there on December 1, 2013. 1040 ez instructions 2013 You pay moving expenses in 2013 and 2014 in connection with this move. 1040 ez instructions 2013 On April 15, 2014, when you file your income tax return for the year 2013, you have been performing services as a self-employed individual on a full-time basis in New York City for approximately 20 weeks. 1040 ez instructions 2013 Although you have not satisfied the 78-week employment condition at this time, you can deduct your 2013 moving expenses on your 2013 income tax return as there is still sufficient time remaining before December 1, 2015, to satisfy such condition. 1040 ez instructions 2013 You can deduct any moving expenses you pay in 2014 on your 2014 income tax return even if you have not met the 78-week test. 1040 ez instructions 2013 You have until December 1, 2015, to satisfy this requirement. 1040 ez instructions 2013 Self-employment. 1040 ez instructions 2013   You are self-employed if you work as the sole owner of an unincorporated business or as a partner in a partnership carrying on a business. 1040 ez instructions 2013 You are not considered self-employed if you are semi-retired, are a part-time student, or work only a few hours each week. 1040 ez instructions 2013 Full-time work. 1040 ez instructions 2013   You can count only those weeks during which you work full time as a week of work. 1040 ez instructions 2013 Whether you work full time during any week depends on what is usual for your type of work in your area. 1040 ez instructions 2013 For example, you are a self-employed dentist and maintain office hours 4 days a week. 1040 ez instructions 2013 You are considered to perform services full time if maintaining office hours 4 days a week is not unusual for other self-employed dentists in your area. 1040 ez instructions 2013 Temporary absence from work. 1040 ez instructions 2013   You are considered to be self-employed on a full-time basis during any week you are temporarily absent from work because of illness, strikes, natural disasters, or similar causes. 1040 ez instructions 2013 Seasonal trade or business. 1040 ez instructions 2013   If your trade or business is seasonal, the off-season weeks when no work is required or available may be counted as weeks during which you worked full time. 1040 ez instructions 2013 The off-season must be less than 6 months and you must work full time before and after the off-season. 1040 ez instructions 2013 Example. 1040 ez instructions 2013 You own and operate a motel at a beach resort. 1040 ez instructions 2013 The motel is closed for 5 months during the off-season. 1040 ez instructions 2013 You work full time as the operator of the motel before and after the off-season. 1040 ez instructions 2013 You are considered self-employed on a full-time basis during the weeks of the off-season. 1040 ez instructions 2013   If you were both an employee and self-employed, see Table 1 earlier, for the requirements. 1040 ez instructions 2013 Example. 1040 ez instructions 2013 Justin quit his job and moved from the east coast to the west coast to begin a full-time job as a cabinet-maker for C and L Cabinet Shop. 1040 ez instructions 2013 He generally worked at the shop about 40 hours each week. 1040 ez instructions 2013 Shortly after the move, Justin also began operating a cabinet-installation business from his home for several hours each afternoon and all day on weekends. 1040 ez instructions 2013 Because Justin's principal place of business is the cabinet shop, he can satisfy the time test by meeting the 39-week test. 1040 ez instructions 2013    If Justin is unable to satisfy the requirements of the 39-week test during the 12-month period immediately following his arrival in the general location of his new principal place of work, he can satisfy the 78-week test. 1040 ez instructions 2013 Joint Return If you are married, file a joint return, and both you and your spouse work full-time, either of you can satisfy the full-time work test. 1040 ez instructions 2013 However, you cannot add the weeks your spouse worked to the weeks you worked to satisfy that test. 1040 ez instructions 2013 Time Test Not Yet Met You can deduct your moving expenses on your 2013 tax return even though you have not met the time test by the date your 2013 return is due. 1040 ez instructions 2013 You can do this if you expect to meet the 39-week test in 2014 or the 78-week test in 2014 or 2015. 1040 ez instructions 2013 If you do not deduct your moving expenses on your 2013 return, and you later meet the time test, you can file an amended return for 2013 to take the deduction. 1040 ez instructions 2013 See When To Deduct Expenses later, for more details. 1040 ez instructions 2013 Failure to meet the time test. 1040 ez instructions 2013    If you deduct moving expenses but do not meet the time test in 2014 or 2015, you must either: Report your moving expense deduction as other income on your Form 1040 for the year you cannot meet the test, or Use Form 1040X to amend your 2013 return, figuring your tax without the moving expense deduction. 1040 ez instructions 2013 Example. 1040 ez instructions 2013 You arrive in the general area of your new job location, as an employee, on September 15, 2013. 1040 ez instructions 2013 You deduct your moving expenses on your 2013 return, the year of the move, even though you have not yet met the time test by the date your return is due. 1040 ez instructions 2013 If you do not meet the 39-week test during the 12-month period following your arrival in the general area of your new job location, you must either: Report your moving expense deduction as other income on your Form 1040 for 2014, or Use Form 1040X to amend your 2013 return, figuring your tax without the moving expense deduction. 1040 ez instructions 2013 Exceptions to the Time Test You do not have to meet the time test if one of the following applies. 1040 ez instructions 2013 You are in the Armed Forces and you moved because of a permanent change of station. 1040 ez instructions 2013 See Members of the Armed Forces , later. 1040 ez instructions 2013 Your main job location was outside the United States and you moved to the United States because you retired. 1040 ez instructions 2013 See Retirees or Survivors Who Move to the United States, later. 1040 ez instructions 2013 You are the survivor of a person whose main job location at the time of death was outside the United States. 1040 ez instructions 2013 See Retirees or Survivors Who Move to the United States, later. 1040 ez instructions 2013 Your job at the new location ends because of death or disability. 1040 ez instructions 2013 You are transferred for your employer's benefit or laid off for a reason other than willful misconduct. 1040 ez instructions 2013 For this exception, you must have obtained full-time employment and you must have expected to meet the test at the time you started the job. 1040 ez instructions 2013 Retirees or Survivors Who Move to the United States If you are a retiree who was working abroad or a survivor of a decedent who was working abroad and you move to the United States or one of its possessions, you do not have to meet the time test, discussed earlier. 1040 ez instructions 2013 However, you must meet the requirements discussed below under Retirees who were working abroad or Survivors of decedents who were working abroad. 1040 ez instructions 2013 If you are living in the United States, retire, and then move and remain retired, you cannot claim a moving expense deduction for that move. 1040 ez instructions 2013 United States defined. 1040 ez instructions 2013   For this section of this publication, the term “United States” includes the possessions of the United States. 1040 ez instructions 2013 Retirees who were working abroad. 1040 ez instructions 2013   You can deduct moving expenses for a move to a new home in the United States when you permanently retire. 1040 ez instructions 2013 However, both your former main job location and your former home must have been outside the United States. 1040 ez instructions 2013 Permanently retired. 1040 ez instructions 2013   You are considered permanently retired when you cease gainful full-time employment or self-employment. 1040 ez instructions 2013 If, at the time you retire, you intend your retirement to be permanent, you will be considered retired even though you later return to work. 1040 ez instructions 2013 Your intention to retire permanently may be determined by: Your age and health, The customary retirement age for people who do similar work, Whether you receive retirement payments from a pension or retirement fund, and The length of time before you return to full-time work. 1040 ez instructions 2013 Decedents. 1040 ez instructions 2013   Qualified deductible moving expenses are allowed on a final return (Form 1040 or 1040NR) when a taxpayer has moved and dies within the same calendar year. 1040 ez instructions 2013 The personal representative filing on behalf of that taxpayer should complete and attach Form 3903 to the final return. 1040 ez instructions 2013   A personal representative can be an executor, administrator, or anyone who is in charge of the deceased person's property. 1040 ez instructions 2013 For more information, see Publication 559, Survivors, Executors, and Administrators. 1040 ez instructions 2013 Survivors of decedents who were working abroad. 1040 ez instructions 2013   If you are the spouse or the dependent of a person whose main job location at the time of death was outside the United States, you can deduct moving expenses if the following five requirements are met. 1040 ez instructions 2013 The move is to a home in the United States. 1040 ez instructions 2013 The move begins within 6 months after the decedent's death. 1040 ez instructions 2013 (When a move begins is described below. 1040 ez instructions 2013 ) The move is from the decedent's former home. 1040 ez instructions 2013 The decedent's former home was outside the United States. 1040 ez instructions 2013 The decedent's former home was also your home. 1040 ez instructions 2013 When a move begins. 1040 ez instructions 2013   A move begins when one of the following events occurs. 1040 ez instructions 2013 You contract for your household goods and personal effects to be moved to your home in the United States, but only if the move is completed within a reasonable time. 1040 ez instructions 2013 Your household goods and personal effects are packed and on the way to your home in the United States. 1040 ez instructions 2013 You leave your former home to travel to your new home in the United States. 1040 ez instructions 2013 Deductible Moving Expenses If you meet the requirements discussed earlier under Who Can Deduct Moving Expenses, you can deduct the reasonable expenses of: Moving your household goods and personal effects (including in-transit or foreign-move storage expenses), and Traveling (including lodging but not meals) to your new home. 1040 ez instructions 2013 You cannot deduct any expenses for meals. 1040 ez instructions 2013 Reasonable expenses. 1040 ez instructions 2013   You can deduct only those expenses that are reasonable for the circumstances of your move. 1040 ez instructions 2013 For example, the cost of traveling from your former home to your new one should be by the shortest, most direct route available by conventional transportation. 1040 ez instructions 2013 If during your trip to your new home, you stop over, or make side trips for sightseeing, the additional expenses for your stopover or side trips are not deductible as moving expenses. 1040 ez instructions 2013 Example. 1040 ez instructions 2013 Beth's employer transferred her from Boston, Massachusetts, to Buffalo, New York. 1040 ez instructions 2013 On her way to Buffalo, Beth drove into Canada to visit the Toronto Zoo. 1040 ez instructions 2013 Since Beth's excursion into Canada was away from the usual Boston-Buffalo route, the expenses paid or incurred for the excursion are not deductible. 1040 ez instructions 2013 Beth can only deduct what it would have cost to drive directly from Boston to Buffalo. 1040 ez instructions 2013 Likewise, Beth cannot deduct any expenses, such as the cost of a hotel room, caused by the delay for sightseeing. 1040 ez instructions 2013 Travel by car. 1040 ez instructions 2013   If you use your car to take yourself, members of your household, or your personal effects to your new home, you can figure your expenses by deducting either: Your actual expenses, such as the amount you pay for gas and oil for your car, if you keep an accurate record of each expense, or The standard mileage rate of 24 cents per mile. 1040 ez instructions 2013 Whether you use actual expenses or the standard mileage rate to figure your expenses, you can deduct the parking fees and tolls you pay to move. 1040 ez instructions 2013 You cannot deduct any part of general repairs, general maintenance, insurance, or depreciation for your car. 1040 ez instructions 2013 Member of your household. 1040 ez instructions 2013   You can deduct moving expenses you pay for yourself and members of your household. 1040 ez instructions 2013 A member of your household is anyone who has both your former and new home as his or her home. 1040 ez instructions 2013 It does not include a tenant or employee, unless that person is your dependent. 1040 ez instructions 2013 Moves to Locations in the United States If you meet the requirements under Who Can Deduct Moving Expenses, earlier, you can deduct expenses for a move to the area of a new main job location within the United States or its possessions. 1040 ez instructions 2013 Your move may be from one U. 1040 ez instructions 2013 S. 1040 ez instructions 2013 location to another or from a foreign country to the United States. 1040 ez instructions 2013 Household goods and personal effects. 1040 ez instructions 2013   You can deduct the cost of packing, crating, and transporting your household goods and personal effects and those of the members of your household from your former home to your new home. 1040 ez instructions 2013 For purposes of moving expenses, the term “personal effects” includes, but is not limited to, movable personal property that the taxpayer owns and frequently uses. 1040 ez instructions 2013   If you use your own car to move your things, see Travel by car, earlier. 1040 ez instructions 2013   You can deduct any costs of connecting or disconnecting utilities required because you are moving your household goods, appliances, or personal effects. 1040 ez instructions 2013   You can deduct the cost of shipping your car and your household pets to your new home. 1040 ez instructions 2013   You can deduct the cost of moving your household goods and personal effects from a place other than your former home. 1040 ez instructions 2013 Your deduction is limited to the amount it would have cost to move them from your former home. 1040 ez instructions 2013 Example. 1040 ez instructions 2013 Paul Brown has been living and working in North Carolina for the last 4 years. 1040 ez instructions 2013 Because he has been renting a small apartment, he stored some furniture at his parents' home in Georgia. 1040 ez instructions 2013 Paul got a job in Washington, DC. 1040 ez instructions 2013 It cost him $900 to move the furniture from his North Carolina apartment to Washington and $3,000 to move the stored furniture from Georgia to Washington. 1040 ez instructions 2013 It would have cost $1,800 to ship the stored furniture from North Carolina to Washington. 1040 ez instructions 2013 He can deduct only $1,800 of the $3,000 he paid. 1040 ez instructions 2013 The amount he can deduct for moving his furniture is $2,700 ($900 + $1,800). 1040 ez instructions 2013 You cannot deduct the cost of moving furniture you buy on the way to your new home. 1040 ez instructions 2013   Storage expenses. 1040 ez instructions 2013   You can include the cost of storing and insuring household goods and personal effects within any period of 30 consecutive days after the day your things are moved from your former home and before they are delivered to your new home. 1040 ez instructions 2013 Travel expenses. 1040 ez instructions 2013   You can deduct the cost of transportation and lodging for yourself and members of your household while traveling from your former home to your new home. 1040 ez instructions 2013 This includes expenses for the day you arrive. 1040 ez instructions 2013    The day of arrival is the day you secure lodging at the new place of residence, even if the lodging is on a temporary basis. 1040 ez instructions 2013   You can include any lodging expenses you had in the area of your former home within one day after you could no longer live in your former home because your furniture had been moved. 1040 ez instructions 2013   The members of your household do not have to travel together or at the same time. 1040 ez instructions 2013 However, you can only deduct expenses for one trip per person. 1040 ez instructions 2013 If you use your own car, see Travel by car, earlier. 1040 ez instructions 2013 Example. 1040 ez instructions 2013   In February 2013, Josh and Robyn Black moved from Minneapolis to Washington, DC, where Josh was starting a new job. 1040 ez instructions 2013 Josh drove the family car to Washington, DC, a trip of 1,100 miles. 1040 ez instructions 2013 His expenses were $264. 1040 ez instructions 2013 00 for mileage (1,100 miles x 24 cents per mile) plus $40 for tolls and $150 for lodging, for a total of $454. 1040 ez instructions 2013 00. 1040 ez instructions 2013 One week later, Robyn flew from Minneapolis to Washington, DC. 1040 ez instructions 2013 Her only expense was her $400 plane ticket. 1040 ez instructions 2013 The Blacks' deduction is $854. 1040 ez instructions 2013 00 (Josh's $454. 1040 ez instructions 2013 00 + Robyn's $400). 1040 ez instructions 2013 Moves to Locations Outside the United States To deduct expenses for a move outside the United States, you must move to the area of a new place of work outside the United States and its possessions. 1040 ez instructions 2013 You must meet the requirements under Who Can Deduct Moving Expenses , earlier. 1040 ez instructions 2013 Deductible expenses. 1040 ez instructions 2013   If your move is to a location outside the United States and its possessions, you can deduct the following expenses. 1040 ez instructions 2013 The cost of moving household goods and personal effects from your former home to your new home. 1040 ez instructions 2013 The cost of traveling (including lodging) from your former home to your new home. 1040 ez instructions 2013 The cost of moving household goods and personal effects to and from storage. 1040 ez instructions 2013 The cost of storing household goods and personal effects while you are at the new job location. 1040 ez instructions 2013 The first two items were explained earlier under Moves to Locations in the United States . 1040 ez instructions 2013 The last two items are discussed, later. 1040 ez instructions 2013 Moving goods and effects to and from storage. 1040 ez instructions 2013   You can deduct the reasonable expenses of moving your personal effects to and from storage. 1040 ez instructions 2013 Storage expenses. 1040 ez instructions 2013   You can deduct the reasonable expenses of storing your household goods and personal effects for all or part of the time the new job location remains your main job location. 1040 ez instructions 2013 Moving expenses allocable to excluded foreign income. 1040 ez instructions 2013   If you live and work outside the United States, you may be able to exclude from income part or all of the income you earn in the foreign country. 1040 ez instructions 2013 You may also be able to claim a foreign housing exclusion or deduction. 1040 ez instructions 2013 If you claim the foreign earned income or foreign housing exclusion, you cannot deduct the part of your moving expenses that relates to the excluded income. 1040 ez instructions 2013    Publication 54, Tax Guide for U. 1040 ez instructions 2013 S. 1040 ez instructions 2013 Citizens and Resident Aliens Abroad, explains how to figure the part of your moving expenses that relates to excluded income. 1040 ez instructions 2013 You can get the publication from most U. 1040 ez instructions 2013 S. 1040 ez instructions 2013 embassies and consulates, or see How To Get Tax Help at the end of this publication. 1040 ez instructions 2013 Nondeductible Expenses You cannot deduct the following items as moving expenses. 1040 ez instructions 2013 Any part of the purchase price of your new home. 1040 ez instructions 2013 Car tags. 1040 ez instructions 2013 Driver's license. 1040 ez instructions 2013 Expenses of buying or selling a home (including closing costs, mortgage fees, and points). 1040 ez instructions 2013 Expenses of entering into or breaking a lease. 1040 ez instructions 2013 Home improvements to help sell your home. 1040 ez instructions 2013 Loss on the sale of your home. 1040 ez instructions 2013 Losses from disposing of memberships in clubs. 1040 ez instructions 2013 Mortgage penalties. 1040 ez instructions 2013 Pre-move househunting expenses. 1040 ez instructions 2013 Real estate taxes. 1040 ez instructions 2013 Refitting of carpet and draperies. 1040 ez instructions 2013 Return trips to your former residence. 1040 ez instructions 2013 Security deposits (including any given up due to the move). 1040 ez instructions 2013 Storage charges except those incurred in transit and for foreign moves. 1040 ez instructions 2013 No double deduction. 1040 ez instructions 2013   You cannot take a moving expense deduction and a business expense deduction for the same expenses. 1040 ez instructions 2013 You must decide if your expenses are deductible as moving expenses or as business expenses. 1040 ez instructions 2013 For example, expenses you have for travel, meals, and lodging while temporarily working at a place away from your regular place of work may be deductible as business expenses if you are considered away from home on business. 1040 ez instructions 2013 In most cases, your work at a single location is considered temporary if it is realistically expected to last (and does in fact last) for one year or less. 1040 ez instructions 2013   See Publication 463, Travel, Entertainment, Gift, and Car Expenses, for information on deducting your business expenses. 1040 ez instructions 2013 Reimbursements This section explains how to report a reimbursement (including advances and allowances) on your tax return. 1040 ez instructions 2013 It covers reimbursements for any of your moving expenses discussed in this publication. 1040 ez instructions 2013 It also explains the types of reimbursements on which your employer must withhold income, social security, and Medicare taxes. 1040 ez instructions 2013 Types of Reimbursement Plans If you receive a reimbursement for your moving expenses, how you report this amount and your expenses depends on whether the reimbursement is paid to you under an accountable plan or a nonaccountable plan. 1040 ez instructions 2013 For a quick overview of how to report your reimbursement and moving expenses, see Table 2 in the section on How and When To Report, later. 1040 ez instructions 2013 Your employer should tell you what method of reimbursement is used and what records are required. 1040 ez instructions 2013 Accountable Plans To be an accountable plan, your employer's reimbursement arrangement must require you to meet all three of the following rules. 1040 ez instructions 2013 Your expenses must have a business connection – that is, you must have paid or incurred deductible expenses while performing services as an employee of your employer. 1040 ez instructions 2013 Two examples of this are the reasonable expenses of moving your possessions from your former home to your new home, and traveling from your former home to your new home. 1040 ez instructions 2013 You must adequately account to your employer for these expenses within a reasonable period of time. 1040 ez instructions 2013 You must return any excess reimbursement or allowance within a reasonable period of time. 1040 ez instructions 2013 Adequate accounting. 1040 ez instructions 2013   You adequately account for your moving expenses by giving your employer documentation of those expenses, such as a statement of expense, an account book, a diary, or a similar record in which you entered each expense at or near the time you had it. 1040 ez instructions 2013 Documentation includes receipts, canceled checks, and bills. 1040 ez instructions 2013 Reasonable period of time. 1040 ez instructions 2013   What constitutes a “reasonable period of time” depends on the facts and circumstances of your situation. 1040 ez instructions 2013 However, regardless of the facts and circumstances, actions that take place within the times specified in the following list will be treated as taking place within a reasonable period of time. 1040 ez instructions 2013 You receive an advance within 30 days of the time you have an expense. 1040 ez instructions 2013 You adequately account for your expenses within 60 days after they were paid or incurred. 1040 ez instructions 2013 You return any excess reimbursement within 120 days after the expense was paid or incurred. 1040 ez instructions 2013 You are given a periodic statement (at least quarterly) that asks you to either return or adequately account for outstanding advances and you comply within 120 days of the statement. 1040 ez instructions 2013 Excess reimbursement. 1040 ez instructions 2013   This includes any amount you are paid (including advances and allowances) that is more than the moving expenses that you adequately accounted for to your employer within a reasonable period of time. 1040 ez instructions 2013 Returning excess reimbursements. 1040 ez instructions 2013   You must be required to return any excess reimbursement for your moving expenses to the person paying the reimbursement. 1040 ez instructions 2013 Excess reimbursement includes any amount for which you did not adequately account within a reasonable period of time. 1040 ez instructions 2013 For example, if you received an advance and you did not spend all the money on deductible moving expenses, or you do not have proof of all your expenses, you have an excess reimbursement. 1040 ez instructions 2013 You meet accountable plan rules. 1040 ez instructions 2013   If for all reimbursements you meet the three rules for an accountable plan (listed earlier), your employer should not include any reimbursements of expenses in your income in box 1 of your Form W-2, Wage and Tax Statement. 1040 ez instructions 2013 Instead, your employer should include the reimbursements in box 12 of your Form W-2. 1040 ez instructions 2013 Example. 1040 ez instructions 2013 You lived in Boston and accepted a job in Atlanta. 1040 ez instructions 2013 Under an accountable plan, your employer reimbursed you for your actual traveling expenses from Boston to Atlanta and the cost of moving your furniture to Atlanta. 1040 ez instructions 2013 Your employer will include the reimbursement on your Form W-2, box 12, with Code P. 1040 ez instructions 2013 If your moving expenses are more than your reimbursement, you may be able to deduct your additional expenses (see How and When To Report, later). 1040 ez instructions 2013 You do not meet accountable plan rules. 1040 ez instructions 2013   You may be reimbursed by your employer, but you may not meet all three rules for part of your expenses. 1040 ez instructions 2013   If your deductible expenses are reimbursed under an otherwise accountable plan but you do not return, within a reasonable period, any reimbursement of expenses for which you did not adequately account, then only the amount for which you did adequately account is considered as paid under an accountable plan. 1040 ez instructions 2013 The remaining expenses are treated as having been reimbursed under a nonaccountable plan (discussed below). 1040 ez instructions 2013 Reimbursement of nondeductible expenses. 1040 ez instructions 2013   You may be reimbursed by your employer for moving expenses, some of which are deductible expenses and some of which are not deductible. 1040 ez instructions 2013 The reimbursements you receive for the nondeductible expenses and any allowances for miscellaneous or unspecified expenses are treated as paid under a nonaccountable plan (see below) and are included in your income. 1040 ez instructions 2013 If you are reimbursed by your employer for the taxes you must pay (including social security and Medicare taxes) because you have received taxable moving expense reimbursements, you must pay tax on this reimbursement as well, and it is treated as paid under a nonaccountable plan. 1040 ez instructions 2013 Nonaccountable Plans A nonaccountable plan is a reimbursement arrangement that does not meet the three rules listed earlier under Accountable Plans. 1040 ez instructions 2013 In addition, the following payments will be treated as paid under a nonaccountable plan. 1040 ez instructions 2013 Excess reimbursements you fail to return to your employer. 1040 ez instructions 2013 Reimbursements of nondeductible expenses. 1040 ez instructions 2013 See Reimbursement of nondeductible expenses, earlier. 1040 ez instructions 2013 If an arrangement pays for your moving expenses by reducing your wages, salary, or other pay, the amount of the reduction will be treated as a payment made under a nonaccountable plan. 1040 ez instructions 2013 This is because you are entitled to receive the full amount of your pay regardless of whether you had any moving expenses. 1040 ez instructions 2013 If you are not sure if the moving expense reimbursement arrangement is an accountable or nonaccountable plan, ask your employer. 1040 ez instructions 2013 Your employer will add the amount of any reimbursement paid to you under a nonaccountable plan to your wages, salary, or other pay. 1040 ez instructions 2013 Your employer will report the total in box 1 of your Form W-2. 1040 ez instructions 2013 Example. 1040 ez instructions 2013 To get you to work in another city, your new employer reimburses you under an accountable plan for the $7,500 loss on the sale of your home. 1040 ez instructions 2013 Because this is a reimbursement of a nondeductible expense, it is treated as paid under a nonaccountable plan and must be included as income in box 1 of your Form W-2. 1040 ez instructions 2013 Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970 Do not include in income any moving expense payment you received under the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970. 1040 ez instructions 2013 These payments are made to persons displaced from their homes, businesses, or farms by federal projects. 1040 ez instructions 2013 Tax Withholding and Estimated Tax Your employer must withhold income, social security, and Medicare taxes from reimbursements and allowances paid to you that are included in your income. 1040 ez instructions 2013 See Reimbursements included in income, later. 1040 ez instructions 2013 Reimbursements excluded from income. 1040 ez instructions 2013   Your employer should not include in your wages reimbursements paid under an accountable plan (explained earlier) for moving expenses that you: Could deduct if you had paid or incurred them, and Did not deduct in an earlier year. 1040 ez instructions 2013 These reimbursements are fringe benefits excludable from your income as qualified moving expense reimbursements. 1040 ez instructions 2013 Your employer should report these reimbursements on your Form W-2, box 12, with Code P. 1040 ez instructions 2013    You cannot claim a moving expense deduction for expenses covered by reimbursements excluded from income (see Accountable Plans under Types of Reimbursement Plans, earlier). 1040 ez instructions 2013 Expenses deducted in earlier year. 1040 ez instructions 2013   If you receive a reimbursement this year for moving expenses deducted in an earlier year, and the reimbursement is not included as wages in box 1 of your Form W-2, you must include the reimbursement in income on Form 1040, line 21. 1040 ez instructions 2013 Your employer should show the amount of your reimbursement in box 12 of your Form W-2. 1040 ez instructions 2013 Reimbursements included in income. 1040 ez instructions 2013   Your employer must include in your income any reimbursements made (or treated as made) under a nonaccountable plan, even though they are for deductible moving expenses. 1040 ez instructions 2013 See Nonaccountable Plans under Types of Reimbursement Plans, earlier. 1040 ez instructions 2013 Your employer also must include in your gross income as wages any reimbursements of, or payments for, nondeductible moving expenses. 1040 ez instructions 2013 This includes amounts your employer reimbursed you under an accountable plan (explained earlier) for meals, househunting trips, and real estate expenses. 1040 ez instructions 2013 It also includes reimbursements that exceed your deductible expenses and that you do not return to your employer. 1040 ez instructions 2013 Reimbursement for deductible and nondeductible expenses. 1040 ez instructions 2013    If your employer reimburses you for both deductible and nondeductible moving expenses, your employer must determine the amount of the reimbursement that is not taxable and not subject to withholding. 1040 ez instructions 2013 Your employer must treat any remaining amount as taxable wages and withhold income, social security, and Medicare taxes. 1040 ez instructions 2013 Amount of income tax withheld. 1040 ez instructions 2013   If the reimbursements or allowances you receive are taxable, the amount of income tax your employer will withhold depends on several factors. 1040 ez instructions 2013 It depends in part on whether income tax is withheld from your regular wages, on whether the reimbursements and allowances are added to your regular wages, and on any information you have given to your employer on Form W-4, Employee's Withholding Allowance Certificate. 1040 ez instructions 2013   Your employer can treat your reimbursements as supplemental wages and not include the reimbursements and allowances in your regular wages. 1040 ez instructions 2013 The employer can withhold income tax on supplemental wages at a flat rate which may be different from your regular tax rate. 1040 ez instructions 2013 Estimated tax. 1040 ez instructions 2013    If you must make estimated tax payments, you need to take into account any taxable reimbursements and deductible moving expenses in figuring your estimated tax. 1040 ez instructions 2013 For details about estimated taxes, see Publication 505, Tax Withholding and Estimated Tax. 1040 ez instructions 2013 How and When To Report This section explains how and when to report your moving expenses and any reimbursements or allowances you received for your move. 1040 ez instructions 2013 For a quick overview, see Table 2, later. 1040 ez instructions 2013 Form 3903 Use Form 3903 to figure your moving expense deduction. 1040 ez instructions 2013 Use a separate Form 3903 for each move for which you are deducting expenses. 1040 ez instructions 2013 Do not file Form 3903 if all of the following apply. 1040 ez instructions 2013 You moved to a location outside the United States in an earlier year. 1040 ez instructions 2013 You are claiming only storage fees while you were away from the United States. 1040 ez instructions 2013 Any amount your employer paid for the storage fees is included as wages in box 1 of your Form W-2. 1040 ez instructions 2013 Instead, enter the storage fees (after the reduction for the part that is allocable to excluded income) on Form 1040, line 26, and enter “Storage” on the dotted line next to the amount. 1040 ez instructions 2013 If you meet the special rules for members of the Armed Forces, see How to complete Form 3903 for members of the Armed Forces under Members of the Armed Forces, later. 1040 ez instructions 2013 Completing Form 3903. 1040 ez instructions 2013   Complete Worksheet 1, earlier, or the Distance Test Worksheet in the instructions for Form 3903 to see whether you meet the distance test. 1040 ez instructions 2013 If so, complete lines 1 through 3 of the form using your actual expenses (except, if you use your own car, you can figure expenses based on the standard mileage rate, instead of actual amounts for gas and oil). 1040 ez instructions 2013 Enter on line 4 the total amount of your moving expense reimbursement that was excluded from your wages. 1040 ez instructions 2013 This excluded amount should be identified on Form W-2, box 12, with code P. 1040 ez instructions 2013 Expenses greater than reimbursement. 1040 ez instructions 2013   If line 3 is more than line 4, subtract line 4 from line 3 and enter the result on line 5 and on Form 1040, line 26. 1040 ez instructions 2013 This is your moving expense deduction. 1040 ez instructions 2013 Expenses equal to or less than reimbursement. 1040 ez instructions 2013    If line 3 is equal to or less than line 4, you have no moving expense deduction. 1040 ez instructions 2013 Subtract line 3 from line 4 and, if the result is more than zero, include it as income on Form 1040, line 7. 1040 ez instructions 2013 Table 2. 1040 ez instructions 2013 Reporting Your Moving Expenses and Reimbursements IF your Form W-2 shows. 1040 ez instructions 2013 . 1040 ez instructions 2013 . 1040 ez instructions 2013 AND you have. 1040 ez instructions 2013 . 1040 ez instructions 2013 . 1040 ez instructions 2013 THEN. 1040 ez instructions 2013 . 1040 ez instructions 2013 . 1040 ez instructions 2013 your reimbursement reported only  in box 12 with code P moving expenses greater than the  amount in box 12 file Form 3903 showing all allowable  expenses* and reimbursements. 1040 ez instructions 2013 your reimbursement reported only  in box 12 with code P moving expenses equal to the amount  in box 12 do not file Form 3903. 1040 ez instructions 2013 your reimbursement divided  between box 12 and box 1 moving expenses greater than the  amount in box 12 file Form 3903 showing all allowable  expenses,* but only the  reimbursements reported in box 12 of  Form W-2. 1040 ez instructions 2013 your entire reimbursement reported  as wages in box 1 moving expenses file Form 3903 showing all allowable  expenses,* but do not show any  reimbursements. 1040 ez instructions 2013 no reimbursement moving expenses file Form 3903 showing all allowable  expenses. 1040 ez instructions 2013 * * See Deductible Moving Expenses, earlier, for allowable expenses. 1040 ez instructions 2013    Where to deduct. 1040 ez instructions 2013   Deduct your moving expenses on Form 1040, line 26. 1040 ez instructions 2013 The amount of moving expenses you can deduct is shown on Form 3903, line 5. 1040 ez instructions 2013    You cannot deduct moving expenses on Form 1040EZ or Form 1040A. 1040 ez instructions 2013   When To Deduct Expenses You may have a choice of when to deduct your moving expenses. 1040 ez instructions 2013 Expenses not reimbursed. 1040 ez instructions 2013   If you were not reimbursed, deduct your moving expenses in the year you paid or incurred the expenses. 1040 ez instructions 2013 Example. 1040 ez instructions 2013 In December 2012, your employer transferred you to another city in the United States, where you still work. 1040 ez instructions 2013 You are single and were not reimbursed for your moving expenses. 1040 ez instructions 2013 In 2012, you paid for moving your furniture and deducted these expenses on your 2012 tax return. 1040 ez instructions 2013 In January 2013, you paid for travel to the new city. 1040 ez instructions 2013 You can deduct these additional expenses on your 2013 tax return. 1040 ez instructions 2013 Expenses reimbursed. 1040 ez instructions 2013   If you are reimbursed for your expenses and you use the cash method of accounting, you can deduct your expenses either in the year you paid them or in the year you received the reimbursement. 1040 ez instructions 2013 If you use the cash method of accounting, you can choose to deduct the expenses in the year you are reimbursed even though you paid the expenses in a different year. 1040 ez instructions 2013 See Choosing when to deduct, next. 1040 ez instructions 2013   If you deduct your expenses and you receive the reimbursement in a later year, you must include the reimbursement in your income on Form 1040, line 21. 1040 ez instructions 2013 Choosing when to deduct. 1040 ez instructions 2013   If you use the cash method of accounting, which is used by most individuals, you can choose to deduct moving expenses in the year your employer reimburses you if: You paid the expenses in a year before the year of reimbursement, or You paid the expenses in the year immediately after the year of reimbursement but by the due date, including extensions, for filing your return for the reimbursement year. 1040 ez instructions 2013 How to make the choice. 1040 ez instructions 2013   You choose to deduct moving expenses in the year you received reimbursement by taking the deduction on your return, or amended return, for that year. 1040 ez instructions 2013    You cannot deduct any moving expenses for which you received a reimbursement that was not included in your income. 1040 ez instructions 2013 Illustrated Example Tom and Peggy Smith are married and have two children. 1040 ez instructions 2013 They owned a home in Detroit where Tom worked. 1040 ez instructions 2013 On February 8, 2013, Tom's employer told him that he would be transferred to San Diego as of April 10 that year. 1040 ez instructions 2013 Peggy flew to San Diego on March 1 to look for a new home. 1040 ez instructions 2013 She put a down payment of $25,000 on a house being built and returned to Detroit on March 4. 1040 ez instructions 2013 The Smiths sold their Detroit home for $1,500 less than they paid for it. 1040 ez instructions 2013 They contracted to have their personal effects moved to San Diego on April 3. 1040 ez instructions 2013 The family drove to San Diego where they found that their new home was not finished. 1040 ez instructions 2013 They stayed in a nearby motel until the house was ready on May 1. 1040 ez instructions 2013 On April 10, Tom went to work in the San Diego plant where he still works. 1040 ez instructions 2013 Their records for the move show: 1) Peggy's pre-move househunting  trip:       Travel and lodging   $ 449       Meals   75   $ 524 2) Down payment on San Diego  home 25,000 3) Real estate commission paid on  sale of Detroit home 3,500 4) Loss on sale of Detroit home (not  including real estate commission) 1,500 5) Amount paid for moving personal  effects (furniture, other household  goods, etc. 1040 ez instructions 2013 ) 8,000 6) Expenses of driving to San Diego:       Mileage (Start 14,278;  End 16,478) 2,200 miles at 24 cents a mile   $ 528       Lodging   180       Meals   320   1,028 7) Cost of temporary living  expenses in San Diego:       Motel rooms   $1,450       Meals   2,280   3,730 Total $43,282   Tom was reimbursed $10,907 under an accountable plan. 1040 ez instructions 2013 His employer gave him the following breakdown of the reimbursement that was allowed under the employer's plan. 1040 ez instructions 2013 Moving personal effects   $6,800 Travel (and lodging) to San Diego   708 Travel (and lodging) for househunting trip   449 Lodging for temporary quarters   1,450 Loss on sale of home   1,500 Total reimbursement   $10,907 The employer included this reimbursement on Tom's Form W-2 for the year. 1040 ez instructions 2013 The reimbursement of allowable expenses, $7,508 for moving household goods and travel to San Diego, was included in box 12 of Form W-2. 1040 ez instructions 2013 His employer identified this amount with code P. 1040 ez instructions 2013 The employer included the balance, $3,399 reimbursement of nonallowable expenses, in box 1 of Form W-2 with Tom's other wages. 1040 ez instructions 2013 Tom must include this amount on Form 1040, line 7. 1040 ez instructions 2013 The employer withholds taxes from the $3,399, as discussed under Reimbursement for deductible and nondeductible expenses under Tax Withholding and Estimated Tax, earlier. 1040 ez instructions 2013 Also, Tom's employer could have given him a separate Form W-2 for his moving expense reimbursement. 1040 ez instructions 2013 To figure his tax deduction for moving expenses, Tom enters the following amounts on Form 3903. 1040 ez instructions 2013 Item 5 — moving personal effects (line 1)   $8,000 Item 6 — driving to San Diego ($528 + $180)  (line 2)   708 Total tax deductible moving expenses (line 3)   $8,708 Minus: Reimbursement included in box 12  of Form W-2 (line 4)   7,508 Tax deduction for moving expenses (line 5)   $1,200   Tom's Form 3903 is shown, later. 1040 ez instructions 2013 He also enters his deduction, $1,200, on Form 1040, line 26. 1040 ez instructions 2013 Nondeductible expenses. 1040 ez instructions 2013   Of the $43,282 expenses that Tom and Peggy incurred, the following items totaling $34,574 ($43,282 – $8,708) cannot be deducted. 1040 ez instructions 2013 Item 1 — pre-move househunting expenses of $524. 1040 ez instructions 2013 Item 2 — the $25,000 down payment on the San Diego home. 1040 ez instructions 2013 If any part of it were for payment of deductible taxes or interest on the mortgage on the house, that part would be deductible as an itemized deduction. 1040 ez instructions 2013 Item 3 — the $3,500 real estate commission paid on the sale of the Detroit home. 1040 ez instructions 2013 The commission is used to figure the gain or loss on the sale. 1040 ez instructions 2013 Item 4 — the $1,500 loss on the sale of the Detroit home. 1040 ez instructions 2013 Item 6 — the $320 expense for meals while driving to San Diego. 1040 ez instructions 2013 (However, the lodging and car expenses are deductible. 1040 ez instructions 2013 ) Item 7 — temporary living expenses of $3,730. 1040 ez instructions 2013    This image is too large to be displayed in the current screen. 1040 ez instructions 2013 Please click the link to view the image. 1040 ez instructions 2013 2012 Form 3903 Moving Expenses Members of the Armed Forces If you are a member of the Armed Forces on active duty and you move because of a permanent change of station, you do not have to meet the distance and time tests, discussed earlier. 1040 ez instructions 2013 You can deduct your unreimbursed moving expenses. 1040 ez instructions 2013 A permanent change of station includes: A move from your home to your first post of active duty, A move from one permanent post of duty to another, and A move from your last post of duty to your home or to a nearer point in the United States. 1040 ez instructions 2013 The move must occur within one year of ending your active duty or within the period allowed under the Joint Travel Regulations. 1040 ez instructions 2013 Spouse and dependents. 1040 ez instructions 2013   If a member of the Armed Forces dies, is imprisoned, or deserts, a permanent change of station for the spouse or dependent includes a move to: The place of enlistment, The member's, spouse's, or dependent's home of record, or A nearer point in the United States. 1040 ez instructions 2013   If the military moves you, your spouse, and dependents, to or from separate locations, the moves are treated as a single move to your new main job location. 1040 ez instructions 2013 Services or reimbursements provided by government. 1040 ez instructions 2013   Do not include in income the value of moving and storage services provided by the government because of a permanent change of station. 1040 ez instructions 2013 In general, if the total reimbursements or allowances you receive from the government because of the move are more than your actual moving expenses, the government must include the excess in your wages on Form W-2. 1040 ez instructions 2013 However, the excess portion of a dislocation allowance, a temporary lodging allowance, a temporary lodging expense, or a move-in housing allowance is not included in income and should not be included in box 1 of Form W-2. 1040 ez instructions 2013   If your reimbursements or allowances are less than your actual moving expenses, do not include the reimbursements or allowances in income. 1040 ez instructions 2013 You can deduct the expenses that are more than your reimbursements. 1040 ez instructions 2013 See Deductible Moving Expenses, earlier. 1040 ez instructions 2013 How to complete Form 3903 for members of the Armed Forces. 1040 ez instructions 2013    Take the following steps. 1040 ez instructions 2013 Complete lines 1 through 3 of the form, using your actual expenses. 1040 ez instructions 2013 Do not include any expenses for moving services provided by the government. 1040 ez instructions 2013 Also, do not include any expenses that were reimbursed by an allowance you do not have to include in your income. 1040 ez instructions 2013 Enter on line 4 the total reimbursements and allowances you received from the government for the expenses claimed on lines 1 and 2. 1040 ez instructions 2013 Do not include the value of moving or storage services provided by the government. 1040 ez instructions 2013 Also, do not include any part of a dislocation allowance, a temporary lodging allowance, a temporary lodging expense, or a move-in housing allowance. 1040 ez instructions 2013 Complete line 5. 1040 ez instructions 2013 If line 3 is more than line 4, subtract line 4 from line 3 and enter the result on line 5 and on Form 1040, line 26. 1040 ez instructions 2013 This is your moving expense deduction. 1040 ez instructions 2013 If line 3 is equal to or less than line 4, you do not have a moving expense deduction. 1040 ez instructions 2013 Subtract line 3 from line 4 and, if the result is more than zero, enter it on Form 1040, line 7. 1040 ez instructions 2013 If the military moves you, your spouse and dependents, to or from different locations, treat these moves as a single move. 1040 ez instructions 2013    Do not deduct any expenses for moving or storage services provided by the government. 1040 ez instructions 2013 How To Get Tax Help Go online, use a smart phone, call or walk in to an office near you. 1040 ez instructions 2013 Whether it's help with a tax issue, preparing your tax return or picking up a free publication or form, get the help you need the way you want it. 1040 ez instructions 2013 Free help with your tax return. 1040 ez instructions 2013   Free help in preparing your return is available nationwide from IRS-certified volunteers. 1040 ez instructions 2013 The Volunteer Income Tax Assistance (VITA) program is designed to help low-to-moderate income, elderly, persons with disabilities, and limited English proficient taxpayers. 1040 ez instructions 2013 The Tax Counseling for the Elderly (TCE) program is designed to assist taxpayers age 60 and older with their tax returns. 1040 ez instructions 2013 Most VITA and TCE sites offer free electronic filing and all volunteers will let you know about credits and deductions you may be entitled to claim. 1040 ez instructions 2013 Some VITA and TCE sites provide taxpayers the opportunity to prepare their return with the assistance of an IRS-certified volunteer. 1040 ez instructions 2013 To find the nearest VITA or TCE site, visit IRS. 1040 ez instructions 2013 gov or call 1-800-906-9887. 1040 ez instructions 2013   As part of the TCE program, AARP offers the Tax-Aide counseling program. 1040 ez instructions 2013 To find the nearest AARP Tax-Aide site, visit AARP's website at www. 1040 ez instructions 2013 aarp. 1040 ez instructions 2013 org/money/taxaide or call 1-888-227-7669. 1040 ez instructions 2013   For more information on these programs, go to IRS. 1040 ez instructions 2013 gov and enter “VITA” in the search box. 1040 ez instructions 2013 Internet. 1040 ez instructions 2013 IRS. 1040 ez instructions 2013 gov and IRS2Go are ready when you are — every day, every night, 24 hours a day, 7 days a week. 1040 ez instructions 2013 Apply for an Employer Identification Number (EIN). 1040 ez instructions 2013 Go to IRS. 1040 ez instructions 2013 gov and enter Apply for an EIN in the search box. 1040 ez instructions 2013 Request an Electronic Filing PIN by going to IRS. 1040 ez instructions 2013 gov and entering Electronic Filing PIN in the search box. 1040 ez instructions 2013 Check the status of your 2013 refund with Where's My Refund? Go to IRS. 1040 ez instructions 2013 gov or the IRS2Go app, and click on Where's My Refund? You'll get a personalized refund date as soon as the IRS processes your tax return and approves your refund. 1040 ez instructions 2013 If you e-file, your refund status is usually available within 24 hours after the IRS receives your tax return or 4 weeks after you've mailed a paper return. 1040 ez instructions 2013 Check the status of your amended return. 1040 ez instructions 2013 Go to IRS. 1040 ez instructions 2013 gov and enter Where's My Amended Return in the search box. 1040 ez instructions 2013 Download forms, instructions, and publications, including some accessible versions. 1040 ez instructions 2013 Order free transcripts of your tax returns or tax account using the Order a Transcript tool on IRS. 1040 ez instructions 2013 gov or IRS2Go. 1040 ez instructions 2013 Tax return and tax account transcripts are generally available for the current year and past three years. 1040 ez instructions 2013 Figure your income tax withholding with the IRS Withholding Calculator on IRS. 1040 ez instructions 2013 gov. 1040 ez instructions 2013 Use it if you've had too much or too little withheld, your personal situation has changed, you're starting a new job or you just want to see if you're having the right amount withheld. 1040 ez instructions 2013 Determine if you might be subject to the Alternative Minimum Tax by using the Alternative Minimum Tax Assistant on IRS. 1040 ez instructions 2013 gov. 1040 ez instructions 2013 Locate the nearest Taxpayer Assistance Center using the Office Locator tool on IRS. 1040 ez instructions 2013 gov or IRS2Go. 1040 ez instructions 2013 Stop by most business days for face-to-face tax help, no appointment necessary — just walk in. 1040 ez instructions 2013 An employee can explain IRS letters, request adjustments to your tax account or help you set up a payment plan. 1040 ez instructions 2013 Before you visit, check the Office Locator for the address, phone number, hours of operation and the services provided. 1040 ez instructions 2013 If you have an ongoing tax account problem or a special need, such as a disability, you can request an appointment. 1040 ez instructions 2013 Call the local number listed in the Office Locator, or look in the phone book under United States Government, Internal Revenue Service. 1040 ez instructions 2013 Locate the nearest volunteer help site with the VITA Locator Tool on IRS. 1040 ez instructions 2013 gov. 1040 ez instructions 2013 Low-to-moderate income, elderly, persons with disabilities, and limited English proficient taxpayers can get free help with their tax return from the nationwide Volunteer Income Tax Assistance (VITA) program. 1040 ez instructions 2013 The Tax Counseling for the Elderly (TCE) program helps taxpayers 60 and older with their tax returns. 1040 ez instructions 2013 Most VITA and TCE sites offer free electronic filing and some provide IRS-certified volunteers who can help prepare your tax return. 1040 ez instructions 2013 AARP offers the Tax-Aide counseling program as part of the TCE program. 1040 ez instructions 2013 Visit AARP's website to find the nearest Tax-Aide location. 1040 ez instructions 2013 Research your tax questions. 1040 ez instructions 2013 Search publications and instructions by topic or keyword. 1040 ez instructions 2013 Read the Internal Revenue Code, regulations, or other official guidance. 1040 ez instructions 2013 Read Internal Revenue Bulletins. 1040 ez instructions 2013 Sign up to receive local and national tax news by email. 1040 ez instructions 2013 Phone. 1040 ez instructions 2013 You can call the IRS, or you can carry it in your pocket with the IRS2Go app on your smart phone or tablet. 1040 ez instructions 2013 Download the free IRS2Go mobile app from the iTunes app store or from Google Play. 1040 ez instructions 2013 Use it to watch the IRS YouTube channel, get IRS news as soon as it's released to the public, order transcripts of your tax returns or tax account, check your refund status, subscribe to filing season updates or daily tax tips, and follow the IRS Twitter news feed, @IRSnews, to get the latest federal tax news, including information about tax law changes and important IRS programs. 1040 ez instructions 2013 Call to locate the nearest volunteer help site, 1-800-906-9887. 1040 ez instructions 2013 Low-to-moderate income, elderly, persons with disabilities, and limited English proficient taxpayers can get free help with their tax return from the nationwide Volunteer Income Tax Assistance (VITA) program. 1040 ez instructions 2013 The Tax Counseling for the Elderly (TCE) program helps taxpayers 60 and older with their tax returns. 1040 ez instructions 2013 Most VITA and TCE sites offer free electronic filing. 1040 ez instructions 2013 Some VITA and TCE sites provide IRS-certified volunteers who can help prepare your tax return. 1040 ez instructions 2013 Through the TCE program, AARP offers the Tax-Aide counseling program; call 1-888-227-7669 to find the nearest Tax-Aide location. 1040 ez instructions 2013 Call to check the status of your 2013 refund, 1-800-829-1954 or 1-800-829-4477. 1040 ez instructions 2013 The automated Where's My Refund? information is available 24 hours a day, 7 days a week. 1040 ez instructions 2013 If you e-file, your refund status is usually available within 24 hours after the IRS receives your tax return or 4 weeks after you've mailed a paper return. 1040 ez instructions 2013 Before you call, have your 2013 tax return handy so you can provide your social security number, your filing status, and the exact whole dollar amount of your refund. 1040 ez instructions 2013 Where's My Refund? can give you a personalized refund date as soon as the IRS processes your tax return and approves your refund. 1040 ez instructions 2013 Where's My Refund? includes information for the most recent return filed in the current year and does not include information about amended returns. 1040 ez instructions 2013 Call the Amended Return Hotline, 1-866-464-2050, to check the status of your amended return. 1040 ez instructions 2013 Call to order forms, instructions and publications, 1-800-TAX-FORM (1-800-829-3676) to order current-year forms, instructions and publications, and prior-year forms and instructions (limited to 5 years). 1040 ez instructions 2013 You should receive your order within 10 business days. 1040 ez instructions 2013 Call to order transcripts of your tax returns or tax account, 1-800-908-9946. 1040 ez instructions 2013 Follow the prompts to provide your Social Security Number or Individual Taxpayer Identification Number, date of birth, street address and ZIP code. 1040 ez instructions 2013 Call for TeleTax topics, 1-800-829-4477, to listen to pre-recorded messages covering various tax topics. 1040 ez instructions 2013 Call to ask tax questions, 1-800-829-1040. 1040 ez instructions 2013 Call using TTY/TDD equipment, 1-800-829-4059 to ask tax questions or order forms and publications. 1040 ez instructions 2013 The TTY/TDD telephone number is for people who are deaf, hard of hearing, or have a speech disability. 1040 ez instructions 2013 These individuals can also contact the IRS through relay services such as the Federal Relay Service available at www. 1040 ez instructions 2013 gsa. 1040 ez instructions 2013 gov/fedrelay. 1040 ez instructions 2013 Walk-in. 1040 ez instructions 2013 You can find a selection of forms, publications and services — in-person, face-to-face. 1040 ez instructions 2013 Products. 1040 ez instructions 2013 You can walk in to some post offices, libraries, and IRS offices to pick up certain forms, instructions, and publications. 1040 ez instructions 2013 Some IRS offices, libraries, and city and county government offices have a collection of products available to photocopy from reproducible proofs. 1040 ez instructions 2013 Services. 1040 ez instructions 2013 You can walk in to your local TAC most business days for personal, face-to-face tax help. 1040 ez instructions 2013 An employee can explain IRS letters, request adjustments to your tax account, or help you set up a payment plan. 1040 ez instructions 2013 If you need to resolve a tax problem, have questions about how the tax law applies to your individual tax return, or you are more comfortable talking with someone in person, visit your local TAC where you can talk with an IRS representative face-to-face. 1040 ez instructions 2013 No appointment is necessary—just walk in. 1040 ez instructions 2013 Before visiting, check www. 1040 ez instructions 2013 irs. 1040 ez instructions 2013 gov/localcontacts for hours of operation and services provided. 1040 ez instructions 2013 Mail. 1040 ez instructions 2013 You can send your order for forms, instructions, and publications to the address below. 1040 ez instructions 2013 You should receive a response within 10 business days after your request is received. 1040 ez instructions 2013  Internal Revenue Service 1201 N. 1040 ez instructions 2013 Mitsubishi Motorway Bloomington, IL 61705-6613 The Taxpayer Advocate Service Is Here to Help You. 1040 ez instructions 2013   The Taxpayer Advocate Service (TAS) is your voice at the IRS. 1040 ez instructions 2013 Our job is to ensure that every taxpayer is treated fairly and that you know and understand your rights. 1040 ez instructions 2013 What can TAS do for you?   We can offer you free help with IRS problems that you can't resolve on your own. 1040 ez instructions 2013 We know this process can be confusing, but the worst thing you can do is nothing at all! TAS can help if you can't resolve your tax problem and: Your problem is causing financial difficulties for you, your family, or your business. 1040 ez instructions 2013 You face (or your business is facing) an immediate threat of adverse action. 1040 ez instructions 2013 You've tried repeatedly to contact the IRS but no one has responded, or the IRS hasn't responded by the date promised. 1040 ez instructions 2013   If you qualify for our help, you'll be assigned to one advocate who'll be with you at every turn and will do everything possible to resolve your problem. 1040 ez instructions 2013 Here's why we can help: TAS is an independent organization within the IRS. 1040 ez instructions 2013 Our advocates know how to work with the IRS. 1040 ez instructions 2013 Our services are free and tailored to meet your needs. 1040 ez instructions 2013 We have offices in every state, the District of Columbia, and Puerto Rico. 1040 ez instructions 2013 How can you reach us?   If you think TAS can help you, call your local advocate, whose number is in your local directory and at www. 1040 ez instructions 2013 irs. 1040 ez instructions 2013 gov/advocate, or call us toll-free at 1-877-777-4778. 1040 ez instructions 2013 How else does TAS help taxpayers?   TAS also works to resolve large-scale, systemic problems that affect many taxpayers. 1040 ez instructions 2013 If you know of one of these broad issues, please report it to us through our Systemic Advocacy Management System at www. 1040 ez instructions 2013 irs. 1040 ez instructions 2013 gov/sams. 1040 ez instructions 2013 Low Income Taxpayer Clinics. 1040 ez instructions 2013   Low Income Taxpayer Clinics (LITCs) serve individuals whose income is below a certain level and need to resolve tax problems such as audits, appeals, and tax collection disputes. 1040 ez instructions 2013 Some clinics can provide information about taxpayer rights and responsibilities in different languages for individuals who speak English as a second language. 1040 ez instructions 2013 Visit www. 1040 ez instructions 2013 TaxpayerAdvocate. 1040 ez instructions 2013 irs. 1040 ez instructions 2013 gov or see IRS Publication 4134, Low Income Taxpayer Clinic List. 1040 ez instructions 2013 Prev  Up  Next   Home   More Online Publications
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The requirements for auto insurance vary from state to state. Check with your state insurance regulator to learn more about individual requirements, as well as insurers you may be considering for your policy.

To get the best coverage at the best price, get several quotes from insurance companies. It may save you hundreds of dollars a year. Other ways to reduce your insurance premiums are:

  • Raise your deductibles on collision and comprehensive coverages. If you have an old car, you might want to drop these coverages altogether.
  • Take advantage of discounts. You may be eligible for a discount based on the number of miles you drive; your age (turning 25 or 50); your good grades if you are a student, your driving record (no moving vehicle violations or accidents in three years); or if you've taken a safe-driving course. You might also be able to get discounts if you insure more than one vehicle, insure your vehicle and your home with the same company, have anti-theft devices or have safety features such as air bags or anti-lock brake system.

Insurance Tips

  • When shopping for insurance on the Internet, check that the website is secure. Look for the lock icon, a URL that begins "https:" and never provide personal data if you don't trust the site.
  • Be wary of people selling insurance door-to-door and over the telephone.
  • Be suspicious if, after an accident, a stranger contacts you to offer "quick cash" or recommends a particular attorney, mechanic, or healthcare provider. Report the incident to your police department.
  • Don't give your insurance identification numbers to companies you don't know.
  • Carry a disposable camera in your glove compartment. If you are in an accident, take pictures of the damage and the people involved. Ask for names, telephone numbers and driver's license information for all those involved. Getting contact information for any witnesses is also a good idea.

The 1040 Ez Instructions 2013

1040 ez instructions 2013 Publication 560 - Introductory Material Table of Contents Future Developments What's New Reminders IntroductionSEP plans. 1040 ez instructions 2013 SIMPLE plans. 1040 ez instructions 2013 Qualified plans. 1040 ez instructions 2013 Ordering forms and publications. 1040 ez instructions 2013 Tax questions. 1040 ez instructions 2013 Future Developments For the latest information about developments related to Publication 560, such as legislation enacted after we release it, go to www. 1040 ez instructions 2013 irs. 1040 ez instructions 2013 gov/pub560. 1040 ez instructions 2013 What's New Compensation limit increased for 2013 and 2014. 1040 ez instructions 2013  For 2013 the maximum compensation used for figuring contributions and benefits increases to $255,000. 1040 ez instructions 2013 This limit increases to $260,000 for 2014. 1040 ez instructions 2013 Elective deferral limit for 2013 and 2014. 1040 ez instructions 2013  The limit on elective deferrals, other than catch-up contributions, increases to $17,500 for 2013 and remains at $17,500 for 2014. 1040 ez instructions 2013 These limits apply for participants in SARSEPs, 401(k) plans (excluding SIMPLE plans), section 403(b) plans and section 457(b) plans. 1040 ez instructions 2013 Defined contribution limit increased for 2013 and 2014. 1040 ez instructions 2013  The limit on contributions, other than catch-up contributions, for a participant in a defined contribution plan increases to $51,000 for 2013. 1040 ez instructions 2013 This limit increases to $52,000 for 2014. 1040 ez instructions 2013 SIMPLE plan salary reduction contribution limit for 2013 and 2014. 1040 ez instructions 2013  The limit on salary reduction contributions, other than catch-up contributions, increases to $12,000 for 2013 and remains at $12,000 for 2014. 1040 ez instructions 2013 Catch-up contribution limit remains unchanged for 2013 and 2014. 1040 ez instructions 2013  A plan can permit participants who are age 50 or over at the end of the calendar year to make catch-up contributions in addition to elective deferrals and SIMPLE plan salary reduction contributions. 1040 ez instructions 2013 The catch-up contribution limitation for defined contribution plans other than SIMPLE plans remains unchanged at $5,500 for 2013 and 2014. 1040 ez instructions 2013 The catch-up contribution limitation for SIMPLE plans remains unchanged at $2,500 for 2013 and 2014. 1040 ez instructions 2013 The catch-up contributions a participant can make for a year cannot exceed the lesser of the following amounts. 1040 ez instructions 2013 The catch-up contribution limit. 1040 ez instructions 2013 The excess of the participant's compensation over the elective deferrals that are not catch-up contributions. 1040 ez instructions 2013 See “Catch-up contributions” under Contribution Limits and Limit on Elective Deferrals in chapters 3 and 4, respectively, for more information. 1040 ez instructions 2013 All section references are to the Internal Revenue Code, unless otherwise stated. 1040 ez instructions 2013 Reminders In-plan Roth rollovers. 1040 ez instructions 2013  Section 402A(c)(4) provides for a distribution from an individual's account in a 401(k) plan, other than from a designated Roth account, that is rolled over to the individual's designated Roth account in the same plan. 1040 ez instructions 2013 An in-plan Roth rollover is not treated as a distribution for most purposes. 1040 ez instructions 2013 Section 402A(c)(4) was added by the Small Business Jobs Act of 2010 and applies to distributions made after September 27, 2010. 1040 ez instructions 2013 For additional guidance on in-plan Roth rollovers, see Notice 2010-84, 2010-51 I. 1040 ez instructions 2013 R. 1040 ez instructions 2013 B. 1040 ez instructions 2013 872, available at  www. 1040 ez instructions 2013 irs. 1040 ez instructions 2013 gov/irb/2010-51_IRB/ar11. 1040 ez instructions 2013 html. 1040 ez instructions 2013 In-plan Roth rollovers expanded. 1040 ez instructions 2013  Beginning in 2013, a plan with designated Roth accounts can permit a participant to roll over amounts into a designated Roth account from his or her other accounts in the same plan, regardless of whether the participant is eligible for a distribution from the other accounts. 1040 ez instructions 2013 Section 402A(c)(4) was amended by the American Taxpayer Relief Act of 2012. 1040 ez instructions 2013 For more information, see Notice 2013-74, 2013-52 I. 1040 ez instructions 2013 R. 1040 ez instructions 2013 B. 1040 ez instructions 2013 819, available at www. 1040 ez instructions 2013 irs. 1040 ez instructions 2013 gov/irb/2013-52_IRB/ar11. 1040 ez instructions 2013 html. 1040 ez instructions 2013 Credit for startup costs. 1040 ez instructions 2013  You may be able to claim a tax credit for part of the ordinary and necessary costs of starting a SEP, SIMPLE, or qualified plan. 1040 ez instructions 2013 The credit equals 50% of the cost to set up and administer the plan and educate employees about the plan, up to a maximum of $500 per year for each of the first 3 years of the plan. 1040 ez instructions 2013 You can choose to start claiming the credit in the tax year before the tax year in which the plan becomes effective. 1040 ez instructions 2013 You must have had 100 or fewer employees who received at least $5,000 in compensation from you for the preceding year. 1040 ez instructions 2013 At least one participant must be a non-highly compensated employee. 1040 ez instructions 2013 The employees generally cannot be substantially the same employees for whom contributions were made or benefits accrued under a plan of any of the following employers in the 3-tax-year period immediately before the first year to which the credit applies. 1040 ez instructions 2013 You. 1040 ez instructions 2013 A member of a controlled group that includes you. 1040 ez instructions 2013 A predecessor of (1) or (2). 1040 ez instructions 2013 The credit is part of the general business credit, which can be carried back or forward to other tax years if it cannot be used in the current year. 1040 ez instructions 2013 However, the part of the general business credit attributable to the small employer pension plan startup cost credit cannot be carried back to a tax year beginning before January 1, 2002. 1040 ez instructions 2013 You cannot deduct the part of the startup costs equal to the credit claimed for a tax year, but you can choose not to claim the allowable credit for a tax year. 1040 ez instructions 2013 To take the credit, use Form 8881, Credit for Small Employer Pension Plan Startup Costs. 1040 ez instructions 2013 Retirement savings contributions credit. 1040 ez instructions 2013  Retirement plan participants (including self-employed individuals) who make contributions to their plan may qualify for the retirement savings contribution credit. 1040 ez instructions 2013 The maximum contribution eligible for the credit is $2,000. 1040 ez instructions 2013 To take the credit, use Form 8880, Credit for Qualified Retirement Savings Contributions. 1040 ez instructions 2013 For more information on who is eligible for the credit, retirement plan contributions eligible for the credit and how to figure the credit, see Form 8880 and its instructions or go to the IRS website and search Retirement Topics-Retirement Savings Contributions Credit (Saver's Credit). 1040 ez instructions 2013 Photographs of missing children. 1040 ez instructions 2013  The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. 1040 ez instructions 2013 Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. 1040 ez instructions 2013 You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. 1040 ez instructions 2013 Introduction This publication discusses retirement plans you can set up and maintain for yourself and your employees. 1040 ez instructions 2013 In this publication, “you” refers to the employer. 1040 ez instructions 2013 See chapter 1 for the definition of the term employer and the definitions of other terms used in this publication. 1040 ez instructions 2013 This publication covers the following types of retirement plans. 1040 ez instructions 2013 SEP (simplified employee pension) plans. 1040 ez instructions 2013 SIMPLE (savings incentive match plan for employees) plans. 1040 ez instructions 2013 Qualified plans (also called H. 1040 ez instructions 2013 R. 1040 ez instructions 2013 10 plans or Keogh plans when covering self-employed individuals), including 401(k) plans. 1040 ez instructions 2013 SEP, SIMPLE, and qualified plans offer you and your employees a tax-favored way to save for retirement. 1040 ez instructions 2013 You can deduct contributions you make to the plan for your employees. 1040 ez instructions 2013 If you are a sole proprietor, you can deduct contributions you make to the plan for yourself. 1040 ez instructions 2013 You can also deduct trustees' fees if contributions to the plan do not cover them. 1040 ez instructions 2013 Earnings on the contributions are generally tax free until you or your employees receive distributions from the plan. 1040 ez instructions 2013 Under a 401(k) plan, employees can have you contribute limited amounts of their before-tax (after-tax, in the case of a qualified Roth contribution program) pay to the plan. 1040 ez instructions 2013 These amounts (and the earnings on them) are generally tax free until your employees receive distributions from the plan or, in the case of a qualified distribution from a designated Roth account, completely tax free. 1040 ez instructions 2013 What this publication covers. 1040 ez instructions 2013   This publication contains the information you need to understand the following topics. 1040 ez instructions 2013 What type of plan to set up. 1040 ez instructions 2013 How to set up a plan. 1040 ez instructions 2013 How much you can contribute to a plan. 1040 ez instructions 2013 How much of your contribution is deductible. 1040 ez instructions 2013 How to treat certain distributions. 1040 ez instructions 2013 How to report information about the plan to the IRS and your employees. 1040 ez instructions 2013 Basic features of SEP, SIMPLE, and qualified plans. 1040 ez instructions 2013 The key rules for SEP, SIMPLE, and qualified plans are outlined in Table 1. 1040 ez instructions 2013 SEP plans. 1040 ez instructions 2013   SEPs provide a simplified method for you to make contributions to a retirement plan for yourself and your employees. 1040 ez instructions 2013 Instead of setting up a profit-sharing or money purchase plan with a trust, you can adopt a SEP agreement and make contributions directly to a traditional individual retirement account or a traditional individual retirement annuity (SEP-IRA) set up for yourself and each eligible employee. 1040 ez instructions 2013 SIMPLE plans. 1040 ez instructions 2013   Generally, if you had 100 or fewer employees who received at least $5,000 in compensation last year, you can set up a SIMPLE plan. 1040 ez instructions 2013 Under a SIMPLE plan, employees can choose to make salary reduction contributions rather than receiving these amounts as part of their regular pay. 1040 ez instructions 2013 In addition, you will contribute matching or nonelective contributions. 1040 ez instructions 2013 The two types of SIMPLE plans are the SIMPLE IRA plan and the SIMPLE 401(k) plan. 1040 ez instructions 2013 Qualified plans. 1040 ez instructions 2013   The qualified plan rules are more complex than the SEP plan and SIMPLE plan rules. 1040 ez instructions 2013 However, there are advantages to qualified plans, such as increased flexibility in designing plans and increased contribution and deduction limits in some cases. 1040 ez instructions 2013 Table 1. 1040 ez instructions 2013 Key Retirement Plan Rules for 2013 Type  of  Plan Last Date for Contribution Maximum Contribution Maximum Deduction When To Set Up Plan SEP Due date of employer's return (including extensions). 1040 ez instructions 2013 Smaller of $51,000 or 25%1 of participant's compensation. 1040 ez instructions 2013 2 25%1 of all participants' compensation. 1040 ez instructions 2013 2 Any time up to the due date of employer's return (including extensions). 1040 ez instructions 2013 SIMPLE IRA and SIMPLE 401(k) Salary reduction contributions: 30 days after the end of the month for which the contributions are to be made. 1040 ez instructions 2013 4  Matching or nonelective contributions: Due date of employer's return (including extensions). 1040 ez instructions 2013 Employee contribution: Salary reduction contribution up to $12,000, $14,500 if age 50 or over. 1040 ez instructions 2013   Employer contribution:  Either dollar-for-dollar matching contributions, up to 3% of employee's compensation,3 or fixed nonelective contributions of 2% of compensation. 1040 ez instructions 2013 2 Same as maximum contribution. 1040 ez instructions 2013 Any time between 1/1 and 10/1 of the calendar year. 1040 ez instructions 2013   For a new employer coming into existence after 10/1, as soon as administratively feasible. 1040 ez instructions 2013 Qualified Plan: Defined Contribution Plan  Elective deferral: Due date of employer's return (including extensions). 1040 ez instructions 2013 4   Employer contribution: Money Purchase or Profit-Sharing: Due date of employer's return (including extensions). 1040 ez instructions 2013  Employee contribution: Elective deferral up to $17,500, $23,000 if age 50 or over. 1040 ez instructions 2013   Employer contribution: Money Purchase: Smaller of $51,000 or 100%1 of participant's compensation. 1040 ez instructions 2013 2  Profit-Sharing: Smaller of $51,000 or 100%1 of participant's compensation. 1040 ez instructions 2013 2  25%1 of all participants' compensation2, plus amount of elective deferrals made. 1040 ez instructions 2013   By the end of the tax year. 1040 ez instructions 2013 Qualified Plan: Defined Benefit Plan Contributions generally must be paid in quarterly installments, due 15 days after the end of each quarter. 1040 ez instructions 2013 See Minimum Funding Requirement in chapter 4. 1040 ez instructions 2013 Amount needed to provide an annual benefit no larger than the smaller of $205,000 or 100% of the participant's average compensation for his or her highest 3 consecutive calendar years. 1040 ez instructions 2013 Based on actuarial assumptions and computations. 1040 ez instructions 2013 By the end of the tax year. 1040 ez instructions 2013 1Net earnings from self-employment must take the contribution into account. 1040 ez instructions 2013 See Deduction Limit for Self-Employed Individuals in chapters 2 and 4 . 1040 ez instructions 2013  2Compensation is generally limited to $255,000 in 2013. 1040 ez instructions 2013  3Under a SIMPLE 401(k) plan, compensation is generally limited to $255,000 in 2013. 1040 ez instructions 2013  4Certain plans subject to Department of Labor rules may have an earlier due date for salary reduction contributions and elective deferrals. 1040 ez instructions 2013 What this publication does not cover. 1040 ez instructions 2013   Although the purpose of this publication is to provide general information about retirement plans you can set up for your employees, it does not contain all the rules and exceptions that apply to these plans. 1040 ez instructions 2013 You may also need professional help and guidance. 1040 ez instructions 2013   Also, this publication does not cover all the rules that may be of interest to employees. 1040 ez instructions 2013 For example, it does not cover the following topics. 1040 ez instructions 2013 The comprehensive IRA rules an employee needs to know. 1040 ez instructions 2013 These rules are covered in Publication 590, Individual Retirement Arrangements (IRAs). 1040 ez instructions 2013 The comprehensive rules that apply to distributions from retirement plans. 1040 ez instructions 2013 These rules are covered in Publication 575, Pension and Annuity Income. 1040 ez instructions 2013 The comprehensive rules that apply to section 403(b) plans. 1040 ez instructions 2013 These rules are covered in Publication 571, Tax-Sheltered Annuity Plans (403(b) Plans). 1040 ez instructions 2013 Comments and suggestions. 1040 ez instructions 2013   We welcome your comments about this publication and your suggestions for future editions. 1040 ez instructions 2013   You can write to us at the following address: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. 1040 ez instructions 2013 NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. 1040 ez instructions 2013 Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. 1040 ez instructions 2013   You can send your comments from www. 1040 ez instructions 2013 irs. 1040 ez instructions 2013 gov/formspubs. 1040 ez instructions 2013 Click on “More Information” and then on “Give us feedback. 1040 ez instructions 2013 ”   Although we cannot respond individually to each comment received, we do appreciate your feedback and will consider your comments as we revise our tax products. 1040 ez instructions 2013 Ordering forms and publications. 1040 ez instructions 2013   Visit www. 1040 ez instructions 2013 irs. 1040 ez instructions 2013 gov/formspubs to download forms  and publications, call 1-800-TAX-FORM  (1-800-829-3676), or write to the address below and receive a response within 10 days after your request is received. 1040 ez instructions 2013 Internal Revenue Service 1201 N. 1040 ez instructions 2013 Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. 1040 ez instructions 2013   If you have a tax question, check the information available on IRS. 1040 ez instructions 2013 gov or call 1-800-829-1040. 1040 ez instructions 2013 We cannot answer tax questions sent to either of the above addresses. 1040 ez instructions 2013 Note. 1040 ez instructions 2013 Forms filed electronically with the Department of Labor are not available on the IRS website. 1040 ez instructions 2013 Instead, see www. 1040 ez instructions 2013 efast. 1040 ez instructions 2013 dol. 1040 ez instructions 2013 gov. 1040 ez instructions 2013 Prev  Up  Next   Home   More Online Publications