Filing Your Taxes Online is Fast, Easy and Secure.
Start now and receive your tax refund in as little as 7 days.

1. Get Answers

Your online questions are customized to your unique tax situation.

2. Maximize your Refund

Find tax credits for everything from school tuition to buying a hybri

3. E-File for FREE

E-file free with direct deposit to get your refund in as few as 7 days.

Filing your taxes with paper mail can be difficult and it could take weeks for your refund to arrive. IRS e-file is easy, fast and secure. There is no paperwork going to the IRS so tax refunds can be processed in as little as 7 days with direct deposit. As you prepare your taxes online, you can see your tax refund in real time.

FREE audit support and representation from an enrolled agent – NEW and only from H&R Block

1090ez Form

File 2012 Taxes Late FreeIrs Form 990 Ez 2010Aarp Org TaxaideH R Block Tax ServiceState Return Tax Form 2013Do Tax AmendmentHr Block Free Tax FilingFile State Taxes OnlineFree Tax Return OnlineTaxact 2011 Free Download2009 Taxes1040x ExampleState Tax Return Free FilingFile 2012 Tax Return1040x InstructionsE File My State Taxes For FreeHow To File 2012 Tax ReturnHow To Make An Amendment To TaxesSenior Tax Stimulus CheckIncome Tax PreparationState ReturnMy PayHow To File 2012 State TaxesFree Tax Preparation SoftwareHow To Amend Your TaxesMilitary Tax FilingFree Downloadable Irs Tax FormsFree File Fillable FormsIncome Tax 1040ezForm1040ez1040ez OnlineStatetaxreturn1040ez File OnlineTax Forms For StudentsHr Block Free State ReturnE FileFile Your State Taxes For FreeWhat Is Form 1040xFree State Tax PreparationState Tax Return 2013

1090ez Form

1090ez form Publication 505 - Introductory Material Table of Contents IntroductionNonresident aliens. 1090ez form Ordering forms and publications. 1090ez form Tax questions. 1090ez form What's New for 2014 Reminders Introduction The federal income tax is a pay-as-you-go tax. 1090ez form You must pay the tax as you earn or receive income during the year. 1090ez form There are two ways to pay as you go. 1090ez form Withholding. 1090ez form If you are an employee, your employer probably withholds income tax from your pay. 1090ez form In addition, tax may be withheld from certain other income, such as pensions, bonuses, commissions, and gambling winnings. 1090ez form The amount withheld is paid to the Internal Revenue Service (IRS) in your name. 1090ez form Estimated tax. 1090ez form If you do not pay your tax through withholding, or do not pay enough tax that way, you might have to pay estimated tax. 1090ez form People who are in business for themselves generally will have to pay their tax this way. 1090ez form You may have to pay estimated tax if you receive income such as dividends, interest, capital gains, rents, and royalties. 1090ez form Estimated tax is used to pay not only income tax, but other taxes such as self-employment tax and alternative minimum tax. 1090ez form This publication explains both of these methods. 1090ez form It also explains how to take credit on your return for the tax that was withheld and for your estimated tax payments. 1090ez form If you did not pay enough tax during the year, either through withholding or by making estimated tax payments, you may have to pay a penalty. 1090ez form Generally, the IRS can figure this penalty for you. 1090ez form This underpayment penalty, and the exceptions to it, are discussed in chapter 4. 1090ez form Nonresident aliens. 1090ez form    Before completing Form W-4, nonresident alien employees should see the Instructions for Form 8233, Exemption From Withholding on Compensation for Independent (and Certain Dependent) Personal Services of a Nonresident Alien Individual. 1090ez form Also see chapter 8 of Publication 519, U. 1090ez form S. 1090ez form Tax Guide for Aliens, for important information on withholding. 1090ez form What's new for 2013 and 2014. 1090ez form   See What's New for 2014 in this Introduction, and What's New for 2013 in chapter 4. 1090ez form Comments and suggestions. 1090ez form   We welcome your comments about this publication and your suggestions for future editions. 1090ez form   You can write to us at the following address: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. 1090ez form NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. 1090ez form Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. 1090ez form   You can send your comments from www. 1090ez form irs. 1090ez form gov/formspubs/. 1090ez form Click on “More Information” and then on Give us feedback on forms and publications. 1090ez form   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. 1090ez form Ordering forms and publications. 1090ez form   Visit www. 1090ez form irs. 1090ez form 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 business days after your request is received. 1090ez form Internal Revenue Service 1201 N. 1090ez form Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. 1090ez form   If you have a tax question, check the information available on IRS. 1090ez form gov or call 1-800-829-1040. 1090ez form We cannot answer tax questions sent to either of the above addresses. 1090ez form What's New for 2014 Use your 2013 tax return as a guide in figuring your 2014 estimated tax, but be sure to consider the following. 1090ez form Standard mileage rates. 1090ez form  The 2014 rate for business use of your vehicle is 56 cents per mile. 1090ez form The rate for use of your vehicle to get medical care or move is 23½ cents per mile. 1090ez form The rate of 14 cents per mile for charitable use is unchanged. 1090ez form Personal exemption increased for certain taxpayers. 1090ez form  For 2014, the personal exemption amount is increased to $3,950 for taxpayers with adjusted gross income at or below $305,050 if married filing jointly or qualifying widow(er), $279,650 if head of household, $254,200 if single, or $152,525 if married filing separately. 1090ez form The personal exemption amount for taxpayers with adjusted gross income above these thresholds may be reduced. 1090ez form Limitation on itemized deductions. 1090ez form  For 2014, itemized deductions for taxpayers with adjusted gross income above $305,050 if married filing jointly or qualifying widow(er), $279,650 if head of household, $254,200 if single, and $152,525 if married filing separately may be reduced. 1090ez form Health care coverage. 1090ez form  When you file your 2014 tax return in 2015, you will need to either (1) indicate on your return that you and your family had health care coverage throughout 2014, (2) claim an exemption from the health care coverage requirement for some or all of 2014, or (3) make a payment if you do not have coverage or an exemption(s) for all 12 months of 2014. 1090ez form For examples on how this payment works, go to www. 1090ez form IRS. 1090ez form gov/aca and click under the “Individuals & Families” section. 1090ez form You may want to consider this when figuring your “Other taxes” on Line 12 of the 2014 Estimated Tax Worksheet (Worksheet 2-1). 1090ez form For general information on these requirements, go to www. 1090ez form IRS. 1090ez form gov/aca. 1090ez form Advance payments of the Premium Tax Credit. 1090ez form  If you buy health care insurance through the Health Insurance Marketplace, you may be eligible for advance payments of the Premium Tax Credit to help pay for your insurance coverage. 1090ez form Receiving too little or too much in advance will affect your refund or balance due. 1090ez form Promptly report changes in your income or family size to your Marketplace. 1090ez form You may want to consider this when figuring your estimated taxes for 2014. 1090ez form For more information, go to www. 1090ez form IRS. 1090ez form gov/aca and see Publication 5120 and Publication 5121. 1090ez form http://www. 1090ez form IRS. 1090ez form gov/pub5120 Alternative minimum tax (AMT) exemption amount increased. 1090ez form  The AMT exemption amount is increased to $52,800 ($82,100 if married filing jointly or qualifying widow(er); $41,050 if married filing separately). 1090ez form Lifetime learning credit income limits. 1090ez form  In order to claim a lifetime learning credit, your MAGI must be less than $54,000 ($108,000 if married filing jointly). 1090ez form Retirement savings contribution credit income limits increased. 1090ez form  In order to claim this credit for 2014, your MAGI must be less than $30,000 ($60,000 if married filing jointly; $45,000 if head of household). 1090ez form Adoption credit or exclusion. 1090ez form  The maximum adoption credit or exclusion for employer-provided adoption benefits has increased to $13,190. 1090ez form In order to claim either the credit or exclusion, your MAGI must be less than $237,880. 1090ez form Earned income credit (EIC). 1090ez form  You may be able to take the EIC in 2014 if: Three or more children lived with you and you earned less than $46,997 ($52,427 if married filing jointly), Two children lived with you and you earned less than $43,756 ($49,186 if married filing jointly), One child lived with you and you earned less than $38,511 ($43,941 if married filing jointly), or A child did not live with you and you earned less than $14,590 ($20,020 if married filing jointly). 1090ez form Also, the maximum MAGI you can have and still get the credit has increased. 1090ez form You may be able to take the credit if your MAGI is less than the amount in the above list that applies to you. 1090ez form The maximum investment income you can have and get the credit has increased to $3,350. 1090ez form Reminders Future developments. 1090ez form  The IRS has created a page on IRS. 1090ez form gov for information about Publication 505 at www. 1090ez form irs. 1090ez form gov/pub505. 1090ez form Information about any future developments affecting Publication 505 (such as legislation enacted after we release it) will be posted on that page. 1090ez form Social security tax. 1090ez form   Generally, each employer for whom you work during the tax year must withhold social security tax up to the annual limit. 1090ez form The annual limit is $117,000 in 2014. 1090ez form Photographs of missing children. 1090ez form  The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. 1090ez form Photographs of missing children selected by the Center may appear in this publication on pages that otherwise would be blank. 1090ez form 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. 1090ez form Additional Medicare Tax. 1090ez form  Beginning in 2013, a 0. 1090ez form 9% Additional Medicare Tax applies to Medicare wages, Railroad Retirement Tax Act compensation, and self-employment income over a threshold amount based on your filing status. 1090ez form You may need to include this amount when figuring your estimated tax. 1090ez form See the instructions for line 12 of the 2014 Estimated Tax Worksheet. 1090ez form You may also request that your employer deduct and withhold an additional amount of income tax withholding from your wages on Form W-4, Employee's Withholding Allowance Certificate. 1090ez form For more information on Additional Medicare Tax, go to IRS. 1090ez form gov and enter “Additional Medicare Tax” in the search box. 1090ez form Net Investment Income Tax. 1090ez form  Beginning in 2013, you may be subject to Net Investment Income Tax (NIIT). 1090ez form NIIT is a 3. 1090ez form 8% tax on the lesser of net investment income or the excess of your modified adjusted gross income (MAGI) over the threshold amount. 1090ez form NIIT may need to be included when figuring estimated tax. 1090ez form See the instructions for line 12 of the 2014 Estimated Tax Worksheet. 1090ez form You may also request that your employer deduct and withhold an additional amount of income tax withholding from your wages on Form W-4. 1090ez form For more information on NIIT, go to IRS. 1090ez form gov and enter “Net Investment Income Tax” in the search box. 1090ez form Prev  Up  Next   Home   More Online Publications

Publication 17 (2013), Your Federal Income Tax

For Individuals

For use in preparing 2013 Returns


Table of Contents


More Online Publications

The 1090ez Form

1090ez form 5. 1090ez form   Table and Worksheets for the Self-Employed Table of Contents Community property laws. 1090ez form As discussed in chapters 2 and 4, if you are self-employed, you must use the rate table or rate worksheet and deduction worksheet to figure your deduction for contributions you made for yourself to a SEP-IRA or qualified plan. 1090ez form First, use either the rate table or rate worksheet to find your reduced contribution rate. 1090ez form Then complete the deduction worksheet to figure your deduction for contributions. 1090ez form The table and the worksheets in chapter 5 apply only to self-employed individuals who have only one defined contribution plan, such as a profit-sharing plan. 1090ez form A SEP plan is treated as a profit-sharing plan. 1090ez form However, do not use this worksheet for SARSEPs. 1090ez form Rate table for self-employed. 1090ez form   If your plan's contribution rate is a whole percentage (for example, 12% rather than 12½%), you can use the table on the next page to find your reduced contribution rate. 1090ez form Otherwise, use the rate worksheet provided below. 1090ez form   First, find your plan contribution rate (the contribution rate stated in your plan) in Column A of the table. 1090ez form Then read across to the rate under Column B. 1090ez form Enter the rate from Column B in step 4 of the Deduction Worksheet for Self-Employed on this page. 1090ez form    Example. 1090ez form You are a sole proprietor with no employees. 1090ez form If your plan's contribution rate is 10% of a participant's compensation, your rate is 0. 1090ez form 090909. 1090ez form Enter this rate in step 4 of the Deduction Worksheet for Self-Employed on this page. 1090ez form Deduction Worksheet for Self-Employed   Step 1           Enter your net profit from line 31, Schedule C (Form 1040); line 3, Schedule C-EZ (Form 1040); line 34, Schedule F (Form 1040)*; or box 14, code A**, Schedule K-1 (Form 1065)*. 1090ez form For information on other income included in net profit from self-employment, see the Instructions for Schedule SE, Form 1040. 1090ez form       *Reduce this amount by any amount reported on Schedule SE (Form 1040), line 1b. 1090ez form       **General partners should reduce this amount by the same additional expenses subtracted from box 14, code A to determine the amount on line 1 or 2 of Schedule SE. 1090ez form     Step 2           Enter your deduction for self-employment tax from Form 1040, line 27             Step 3           Net earnings from self-employment. 1090ez form Subtract step 2 from step 1     Step 4           Enter your rate from the Rate Table for Self-Employed or Rate Worksheet for Self-Employed     Step 5           Multiply step 3 by step 4     Step 6           Multiply $255,000 by your plan contribution rate (not the reduced rate)     Step 7           Enter the smaller of step 5 or step 6     Step 8           Contribution dollar limit $51,000     • If you made any elective deferrals to your self-employed plan, go to step 9. 1090ez form         • Otherwise, skip steps 9 through 20 and enter the smaller of step 7 or step 8 on step 21. 1090ez form       Step 9           Enter your allowable elective deferrals (including designated Roth contributions) made to your self-employed plan during 2013. 1090ez form Do not enter more than $17,500     Step 10           Subtract step 9 from step 8     Step 11           Subtract step 9 from step 3       Step 12           Enter one-half of step 11     Step 13           Enter the smallest of step 7, 10, or 12     Step 14           Subtract step 13 from step 3     Step 15           Enter the smaller of step 9 or step 14       • If you made catch-up contributions, go to step 16. 1090ez form         • Otherwise, skip steps 16 through 18 and go to step 19. 1090ez form       Step 16           Subtract step 15 from step 14     Step 17           Enter your catch-up contributions (including designated Roth contributions), if any. 1090ez form Do not enter more than $5,500     Step 18           Enter the smaller of step 16 or step 17     Step 19           Add steps 13, 15, and 18. 1090ez form     Step 20           Enter the amount of designated Roth contributions included on lines 9 and 17. 1090ez form     Step 21           Subtract step 20 from step 19. 1090ez form This is your maximum deductible contribution. 1090ez form                 Next: Enter your actual contribution, not to exceed your maximum deductible contribution, on Form 1040, line 28. 1090ez form   Rate worksheet for self-employed. 1090ez form   If your plan's contribution rate is not a whole percentage (for example, 10½%), you cannot use the Rate Table for Self-Employed. 1090ez form Use the following worksheet instead. 1090ez form Rate Worksheet for Self-Employed 1) Plan contribution rate as a decimal (for example, 10½% = 0. 1090ez form 105)   2) Rate in line 1 plus 1 (for example, 0. 1090ez form 105 + 1 = 1. 1090ez form 105)   3) Self-employed rate as a decimal rounded to at least 3 decimal places (line 1 ÷ line 2) (for example, 0. 1090ez form 105 ÷ 1. 1090ez form 105 = 0. 1090ez form 095)   Figuring your deduction. 1090ez form   Now that you have your self-employed rate from either the rate table or rate worksheet, you can figure your maximum deduction for contributions for yourself by completing the Deduction Worksheet for Self-Employed. 1090ez form Community property laws. 1090ez form   If you reside in a community property state and you are married and filing a separate return, disregard community property laws for step 1 of the Deduction Worksheet for Self-Employed. 1090ez form Enter on step 1 the total net profit you actually earned. 1090ez form Rate Table for Self-Employed Column A  If the plan contri- bution rate is: (shown as %) Column B  Your rate is: (shown as decimal) 1 . 1090ez form 009901 2 . 1090ez form 019608 3 . 1090ez form 029126 4 . 1090ez form 038462 5 . 1090ez form 047619 6 . 1090ez form 056604 7 . 1090ez form 065421 8 . 1090ez form 074074 9 . 1090ez form 082569 10 . 1090ez form 090909 11 . 1090ez form 099099 12 . 1090ez form 107143 13 . 1090ez form 115044 14 . 1090ez form 122807 15 . 1090ez form 130435 16 . 1090ez form 137931 17 . 1090ez form 145299 18 . 1090ez form 152542 19 . 1090ez form 159664 20 . 1090ez form 166667 21 . 1090ez form 173554 22 . 1090ez form 180328 23 . 1090ez form 186992 24 . 1090ez form 193548 25* . 1090ez form 200000* *The deduction for annual employer contributions (other than elective deferrals) to a SEP plan, a profit-sharing plan, or a money purchase plan cannot be more than 20% of your net earnings (figured without deducting contributions for yourself) from the business that has the plan. 1090ez form Example. 1090ez form You are a sole proprietor with no employees. 1090ez form The terms of your plan provide that you contribute 8½% (. 1090ez form 085) of your compensation to your plan. 1090ez form Your net profit from line 31, Schedule C (Form 1040) is $200,000. 1090ez form You have no elective deferrals or catch-up contributions. 1090ez form Your self-employment tax deduction on line 27 of Form 1040 is $9,728. 1090ez form See the filled-in portions of both Schedule SE (Form 1040), Self-Employment Income, and Form 1040, later. 1090ez form You figure your self-employed rate and maximum deduction for employer contributions you made for yourself as follows. 1090ez form Deduction Worksheet for Self-Employed   Step 1           Enter your net profit from line 31, Schedule C (Form 1040); line 3, Schedule C-EZ (Form 1040); line 34, Schedule F (Form 1040)*; or box 14, code A**, Schedule K-1 (Form 1065)*. 1090ez form For information on other income included in net profit from self-employment, see the Instructions for Schedule SE, Form 1040. 1090ez form $200,000     *Reduce this amount by any amount reported on Schedule SE (Form 1040), line 1b. 1090ez form       **General partners should reduce this amount by the same additional expenses subtracted from box 14, code A to determine the amount on line 1 or 2 of Schedule SE. 1090ez form     Step 2           Enter your deduction for self-employment tax from Form 1040, line 27 9,728           Step 3           Net earnings from self-employment. 1090ez form Subtract step 2 from step 1 190,272   Step 4           Enter your rate from the Rate Table for Self-Employed or Rate Worksheet for Self-Employed 0. 1090ez form 078   Step 5           Multiply step 3 by step 4 14,841   Step 6           Multiply $255,000 by your plan contribution rate (not the reduced rate) 21,675   Step 7           Enter the smaller of step 5 or step 6 14,841   Step 8           Contribution dollar limit $51,000     • If you made any elective deferrals to your self-employed plan, go to step 9. 1090ez form         • Otherwise, skip steps 9 through 20 and enter the smaller of step 7 or step 8 on step 21. 1090ez form       Step 9           Enter your allowable elective deferrals (including designated Roth contributions) made to your self-employed plan during 2013. 1090ez form Do not enter more than $17,500 N/A   Step 10           Subtract step 9 from step 8     Step 11           Subtract step 9 from step 3       Step 12           Enter one-half of step 11     Step 13           Enter the smallest of step 7, 10, or 12     Step 14           Subtract step 13 from step 3     Step 15           Enter the smaller of step 9 or step 14       • If you made catch-up contributions, go to step 16. 1090ez form         • Otherwise, skip steps 16 through 18 and go to step 19. 1090ez form       Step 16           Subtract step 15 from step 14     Step 17           Enter your catch-up contributions (including designated Roth contributions), if any. 1090ez form Do not enter more than $5,500     Step 18           Enter the smaller of step 16 or step 17     Step 19           Add steps 13, 15, and 18. 1090ez form     Step 20           Enter the amount of designated Roth contributions included on lines 9 and 17     Step 21           Subtract step 20 from step 19. 1090ez form This is your maximum deductible contribution $14,841                 Next: Enter your actual contribution, not to exceed your maximum deductible contribution, on Form 1040, line 28. 1090ez form   See the filled-in Deduction Worksheet for Self-Employed on this page. 1090ez form Rate Worksheet for Self-Employed 1) Plan contribution rate as a decimal (for example, 10½% = 0. 1090ez form 105) 0. 1090ez form 085 2) Rate in line 1 plus 1 (for example, 0. 1090ez form 105 + 1 = 1. 1090ez form 105) 1. 1090ez form 085 3) Self-employed rate as a decimal rounded to at least 3 decimal places (line 1 ÷ line 2) (for example, 0. 1090ez form 105 ÷ 1. 1090ez form 105 = 0. 1090ez form 095) 0. 1090ez form 078 This image is too large to be displayed in the current screen. 1090ez form Please click the link to view the image. 1090ez form Portion of Form 1040 and Portion of Schedule SE Prev  Up  Next   Home   More Online Publications