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

760 State Tax Form 2013

Federal Tax Forms 1040ezFree File Fillable Forms 2012Filing Form 1040x ElectronicallyMississippi State Tax Return Forms 2012Https Www Freefilefillableforms OrgTaxslayer Military2012 1040ez Tax FormFile Taxes Previous YearHow To File 2012 Taxes In 2014How To Fill Out A 1040ez2014 Tax FormsPrint Free 2010 1040ez Tax Form1040 NrezTurbo Tax Free File1040 Nr Form2011 Federal Tax FormsState ReturnFree State Tax E FileFile 2007 Taxes OnlineDo I File Back Taxes FreeHow To File My 2012 Tax ReturnIrs EzState Income Tax Forms 2013File Taxes 2006How To File An Amended Tax Return For 2013Free State FilingFree H&r Block Tax1040 Ez InstructionsIncome Taxes By StateFile Federal And State Taxes Online For FreeIrs Gov EfileTurbo Tax AmendmentFile 2008 Taxes For Free2012 Free1040x File OnlineMilitary H & R BlockHow To Amend A Tax ReturnTurbo Tax Amended Return1040 Tax FormsFiling Tax Extension 2011File Taxes Free

760 State Tax Form 2013

760 state tax form 2013 28. 760 state tax form 2013   Miscellaneous Deductions Table of Contents What's New Introduction Useful Items - You may want to see: Deductions Subject to the 2% LimitUnreimbursed Employee Expenses (Line 21) Tax Preparation Fees (Line 22) Other Expenses (Line 23) Deductions Not Subject to the 2% LimitList of Deductions Nondeductible ExpensesList of Nondeductible Expenses What's New Standard mileage rate. 760 state tax form 2013  The 2013 rate for business use of a vehicle is 56½ cents per mile. 760 state tax form 2013 Introduction This chapter explains which expenses you can claim as miscellaneous itemized deductions on Schedule A (Form 1040). 760 state tax form 2013 You must reduce the total of most miscellaneous itemized deductions by 2% of your adjusted gross income. 760 state tax form 2013 This chapter covers the following topics. 760 state tax form 2013 Deductions subject to the 2% limit. 760 state tax form 2013 Deductions not subject to the 2% limit. 760 state tax form 2013 Expenses you cannot deduct. 760 state tax form 2013 You must keep records to verify your deductions. 760 state tax form 2013 You should keep receipts, canceled checks, substitute checks, financial account statements, and other documentary evidence. 760 state tax form 2013 For more information on recordkeeping, get Publication 552, Record- keeping for Individuals. 760 state tax form 2013 Useful Items - You may want to see: Publication 463 Travel, Entertainment, Gift, and Car Expenses 525 Taxable and Nontaxable Income 529 Miscellaneous Deductions 535 Business Expenses 587 Business Use of Your Home (Including Use by Daycare Providers) 946 How To Depreciate Property Form (and Instructions) Schedule A (Form 1040) Itemized Deductions 2106 Employee Business Expenses 2106-EZ Unreimbursed Employee Business Expenses Deductions Subject to the 2% Limit You can deduct certain expenses as miscellaneous itemized deductions on Schedule A (Form 1040). 760 state tax form 2013 You can claim the amount of expenses that is more than 2% of your adjusted gross income. 760 state tax form 2013 You figure your deduction on Schedule A by subtracting 2% of your adjusted gross income from the total amount of these expenses. 760 state tax form 2013 Your adjusted gross income is the amount on Form 1040, line 38. 760 state tax form 2013 Generally, you apply the 2% limit after you apply any other deduction limit. 760 state tax form 2013 For example, you apply the 50% (or 80%) limit on business-related meals and entertainment (discussed in chapter 26) before you apply the 2% limit. 760 state tax form 2013 Deductions subject to the 2% limit are discussed in the three categories in which you report them on Schedule A (Form 1040). 760 state tax form 2013 Unreimbursed employee expenses (line 21). 760 state tax form 2013 Tax preparation fees (line 22). 760 state tax form 2013 Other expenses (line 23). 760 state tax form 2013 Unreimbursed Employee Expenses (Line 21) Generally, you can deduct on Schedule A (Form 1040), line 21, unreimbursed employee expenses that are: Paid or incurred during your tax year, For carrying on your trade or business of being an employee, and Ordinary and necessary. 760 state tax form 2013 An expense is ordinary if it is common and accepted in your trade, business, or profession. 760 state tax form 2013 An expense is necessary if it is appropriate and helpful to your business. 760 state tax form 2013 An expense does not have to be required to be considered necessary. 760 state tax form 2013 Examples of unreimbursed employee expenses are listed next. 760 state tax form 2013 The list is followed by discussions of additional unreimbursed employee expenses. 760 state tax form 2013 Business bad debt of an employee. 760 state tax form 2013 Education that is work related. 760 state tax form 2013 (See chapter 27. 760 state tax form 2013 ) Legal fees related to your job. 760 state tax form 2013 Licenses and regulatory fees. 760 state tax form 2013 Malpractice insurance premiums. 760 state tax form 2013 Medical examinations required by an employer. 760 state tax form 2013 Occupational taxes. 760 state tax form 2013 Passport for a business trip. 760 state tax form 2013 Subscriptions to professional journals and trade magazines related to your work. 760 state tax form 2013 Travel, transportation, entertainment, and gifts related to your work. 760 state tax form 2013 (See chapter 26. 760 state tax form 2013 ) Business Liability Insurance You can deduct insurance premiums you paid for protection against personal liability for wrongful acts on the job. 760 state tax form 2013 Damages for Breach of Employment Contract If you break an employment contract, you can deduct damages you pay your former employer that are attributable to the pay you received from that employer. 760 state tax form 2013 Depreciation on Computers You can claim a depreciation deduction for a computer that you use in your work as an employee if its use is: For the convenience of your employer, and Required as a condition of your employment. 760 state tax form 2013 For more information about the rules and exceptions to the rules affecting the allowable deductions for a home computer, see Publication 529. 760 state tax form 2013 Dues to Chambers of Commerce and Professional Societies You may be able to deduct dues paid to professional organizations (such as bar associations and medical associations) and to chambers of commerce and similar organizations, if membership helps you carry out the duties of your job. 760 state tax form 2013 Similar organizations include: Boards of trade, Business leagues, Civic or public service organizations, Real estate boards, and Trade associations. 760 state tax form 2013 Lobbying and political activities. 760 state tax form 2013   You may not be able to deduct that part of your dues that is for certain lobbying and political activities. 760 state tax form 2013 See Dues used for lobbying under Nondeductible Expenses, later. 760 state tax form 2013 Educator Expenses If you were an eligible educator in 2013, you can deduct up to $250 of qualified expenses you paid in 2013 as an adjustment to gross income on Form 1040, line 23, rather than as a miscellaneous itemized deduction. 760 state tax form 2013 If you file Form 1040A, you can deduct these expenses on line 16. 760 state tax form 2013 If you and your spouse are filing jointly and both of you were eligible educators, the maximum deduction is $500. 760 state tax form 2013 However, neither spouse can deduct more than $250 of his or her qualified expenses. 760 state tax form 2013 Home Office If you use a part of your home regularly and exclusively for business purposes, you may be able to deduct a part of the operating expenses and depreciation of your home. 760 state tax form 2013 You can claim this deduction for the business use of a part of your home only if you use that part of your home regularly and exclusively: As your principal place of business for any trade or business, As a place to meet or deal with your patients, clients, or customers in the normal course of your trade or business, or In the case of a separate structure not attached to your home, in connection with your trade or business. 760 state tax form 2013 The regular and exclusive business use must be for the convenience of your employer and not just appropriate and helpful in your job. 760 state tax form 2013 See Publication 587 for more detailed information and a worksheet. 760 state tax form 2013 Job Search Expenses You can deduct certain expenses you have in looking for a new job in your present occupation, even if you do not get a new job. 760 state tax form 2013 You cannot deduct these expenses if: You are looking for a job in a new occupation, There was a substantial break between the ending of your last job and your looking for a new one, or You are looking for a job for the first time. 760 state tax form 2013 Employment and outplacement agency fees. 760 state tax form 2013   You can deduct employment and outplacement agency fees you pay in looking for a new job in your present occupation. 760 state tax form 2013 Employer pays you back. 760 state tax form 2013   If, in a later year, your employer pays you back for employment agency fees, you must include the amount you receive in your gross income up to the amount of your tax benefit in the earlier year. 760 state tax form 2013 (See Recoveries in chapter 12. 760 state tax form 2013 ) Employer pays the employment agency. 760 state tax form 2013   If your employer pays the fees directly to the employment agency and you are not responsible for them, you do not include them in your gross income. 760 state tax form 2013 Résumé. 760 state tax form 2013   You can deduct amounts you spend for preparing and mailing copies of a résumé to prospective employers if you are looking for a new job in your present occupation. 760 state tax form 2013 Travel and transportation expenses. 760 state tax form 2013   If you travel to an area and, while there, you look for a new job in your present occupation, you may be able to deduct travel expenses to and from the area. 760 state tax form 2013 You can deduct the travel expenses if the trip is primarily to look for a new job. 760 state tax form 2013 The amount of time you spend on personal activity compared to the amount of time you spend in looking for work is important in determining whether the trip is primarily personal or is primarily to look for a new job. 760 state tax form 2013   Even if you cannot deduct the travel expenses to and from an area, you can deduct the expenses of looking for a new job in your present occupation while in the area. 760 state tax form 2013   You can choose to use the standard mileage rate to figure your car expenses. 760 state tax form 2013 The 2013 rate for business use of a vehicle is 56½ cents per mile. 760 state tax form 2013 See chapter 26 for more information. 760 state tax form 2013 Licenses and Regulatory Fees You can deduct the amount you pay each year to state or local governments for licenses and regulatory fees for your trade, business, or profession. 760 state tax form 2013 Occupational Taxes You can deduct an occupational tax charged at a flat rate by a locality for the privilege of working or conducting a business in the locality. 760 state tax form 2013 If you are an employee, you can claim occupational taxes only as a miscellaneous deduction subject to the 2% limit; you cannot claim them as a deduction for taxes elsewhere on your return. 760 state tax form 2013 Repayment of Income Aid Payment An “income aid payment” is one that is received under an employer's plan to aid employees who lose their jobs because of lack of work. 760 state tax form 2013 If you repay a lump-sum income aid payment that you received and included in income in an earlier year, you can deduct the repayment. 760 state tax form 2013 Research Expenses of a College Professor If you are a college professor, you can deduct research expenses, including travel expenses, for teaching, lecturing, or writing and publishing on subjects that relate directly to your teaching duties. 760 state tax form 2013 You must have undertaken the research as a means of carrying out the duties expected of a professor and without expectation of profit apart from salary. 760 state tax form 2013 However, you cannot deduct the cost of travel as a form of education. 760 state tax form 2013 Tools Used in Your Work Generally, you can deduct amounts you spend for tools used in your work if the tools wear out and are thrown away within 1 year from the date of purchase. 760 state tax form 2013 You can depreciate the cost of tools that have a useful life substantially beyond the tax year. 760 state tax form 2013 For more information about depreciation, see Publication 946. 760 state tax form 2013 Union Dues and Expenses You can deduct dues and initiation fees you pay for union membership. 760 state tax form 2013 You can also deduct assessments for benefit payments to unemployed union members. 760 state tax form 2013 However, you cannot deduct the part of the assessments or contributions that provides funds for the payment of sick, accident, or death benefits. 760 state tax form 2013 Also, you cannot deduct contributions to a pension fund, even if the union requires you to make the contributions. 760 state tax form 2013 You may not be able to deduct amounts you pay to the union that are related to certain lobbying and political activities. 760 state tax form 2013 See Lobbying Expenses under Nondeductible Expenses, later. 760 state tax form 2013 Work Clothes and Uniforms You can deduct the cost and upkeep of work clothes if the following two requirements are met. 760 state tax form 2013 You must wear them as a condition of your employment. 760 state tax form 2013 The clothes are not suitable for everyday wear. 760 state tax form 2013 It is not enough that you wear distinctive clothing. 760 state tax form 2013 The clothing must be specifically required by your employer. 760 state tax form 2013 Nor is it enough that you do not, in fact, wear your work clothes away from work. 760 state tax form 2013 The clothing must not be suitable for taking the place of your regular clothing. 760 state tax form 2013 Examples of workers who may be able to deduct the cost and upkeep of work clothes are: delivery workers, firefighters, health care workers, law enforcement officers, letter carriers, professional athletes, and transportation workers (air, rail, bus, etc. 760 state tax form 2013 ). 760 state tax form 2013 Musicians and entertainers can deduct the cost of theatrical clothing and accessories that are not suitable for everyday wear. 760 state tax form 2013 However, work clothing consisting of white cap, white shirt or white jacket, white bib overalls, and standard work shoes, which a painter is required by his union to wear on the job, is not distinctive in character or in the nature of a uniform. 760 state tax form 2013 Similarly, the costs of buying and maintaining blue work clothes worn by a welder at the request of a foreman are not deductible. 760 state tax form 2013 Protective clothing. 760 state tax form 2013   You can deduct the cost of protective clothing required in your work, such as safety shoes or boots, safety glasses, hard hats, and work gloves. 760 state tax form 2013   Examples of workers who may be required to wear safety items are: carpenters, cement workers, chemical workers, electricians, fishing boat crew members, machinists, oil field workers, pipe fitters, steamfitters, and truck drivers. 760 state tax form 2013 Military uniforms. 760 state tax form 2013   You generally cannot deduct the cost of your uniforms if you are on full-time active duty in the armed forces. 760 state tax form 2013 However, if you are an armed forces reservist, you can deduct the unreimbursed cost of your uniform if military regulations restrict you from wearing it except while on duty as a reservist. 760 state tax form 2013 In figuring the deduction, you must reduce the cost by any nontaxable allowance you receive for these expenses. 760 state tax form 2013   If local military rules do not allow you to wear fatigue uniforms when you are off duty, you can deduct the amount by which the cost of buying and keeping up these uniforms is more than the uniform allowance you receive. 760 state tax form 2013   You can deduct the cost of your uniforms if you are a civilian faculty or staff member of a military school. 760 state tax form 2013 Tax Preparation Fees (Line 22) You can usually deduct tax preparation fees in the year you pay them. 760 state tax form 2013 Thus, on your 2013 return, you can deduct fees paid in 2013 for preparing your 2012 return. 760 state tax form 2013 These fees include the cost of tax preparation software programs and tax publications. 760 state tax form 2013 They also include any fee you paid for electronic filing of your return. 760 state tax form 2013 Other Expenses (Line 23) You can deduct certain other expenses as miscellaneous itemized deductions subject to the 2% limit. 760 state tax form 2013 On Schedule A (Form 1040), line 23, you can deduct expenses that you pay: To produce or collect income that must be included in your gross income, To manage, conserve, or maintain property held for producing such income, or To determine, contest, pay, or claim a refund of any tax. 760 state tax form 2013 You can deduct expenses you pay for the purposes in (1) and (2) above only if they are reasonably and closely related to these purposes. 760 state tax form 2013 Some of these other expenses are explained in the following discussions. 760 state tax form 2013 If the expenses you pay produce income that is only partially taxable, see Tax-Exempt Income Expenses , later, under Nondeductible Expenses. 760 state tax form 2013 Appraisal Fees You can deduct appraisal fees if you pay them to figure a casualty loss or the fair market value of donated property. 760 state tax form 2013 Casualty and Theft Losses You can deduct a casualty or theft loss as a miscellaneous itemized deduction subject to the 2% limit if you used the damaged or stolen property in performing services as an employee. 760 state tax form 2013 First report the loss in Section B of Form 4684, Casualties and Thefts. 760 state tax form 2013 You may also have to include the loss on Form 4797, Sales of Business Property, if you are otherwise required to file that form. 760 state tax form 2013 To figure your deduction, add all casualty or theft losses from this type of property included on Form 4684, lines 32 and 38b, or Form 4797, line 18a. 760 state tax form 2013 For other casualty and theft losses, see chapter 25. 760 state tax form 2013 Clerical Help and Office Rent You can deduct office expenses, such as rent and clerical help, that you have in connection with your investments and collecting the taxable income on them. 760 state tax form 2013 Credit or Debit Card Convenience Fees You can deduct the convenience fee charged by the card processor for paying your income tax (including estimated tax payments) by credit or debit card. 760 state tax form 2013 The fees are deductible in the year paid. 760 state tax form 2013 Depreciation on Home Computer You can deduct depreciation on your home computer if you use it to produce income (for example, to manage your investments that produce taxable income). 760 state tax form 2013 You generally must depreciate the computer using the straight line method over the Alternative Depreciation System (ADS) recovery period. 760 state tax form 2013 But if you work as an employee and also use the computer in that work, see Publication 946. 760 state tax form 2013 Excess Deductions of an Estate If an estate's total deductions in its last tax year are more than its gross income for that year, the beneficiaries succeeding to the estate's property can deduct the excess. 760 state tax form 2013 Do not include deductions for the estate's personal exemption and charitable contributions when figuring the estate's total deductions. 760 state tax form 2013 The beneficiaries can claim the deduction only for the tax year in which, or with which, the estate terminates, whether the year of termination is a normal year or a short tax year. 760 state tax form 2013 For more information, see Termination of Estate in Publication 559, Survivors, Executors, and Administrators. 760 state tax form 2013 Fees to Collect Interest and Dividends You can deduct fees you pay to a broker, bank, trustee, or similar agent to collect your taxable bond interest or dividends on shares of stock. 760 state tax form 2013 But you cannot deduct a fee you pay to a broker to buy investment property, such as stocks or bonds. 760 state tax form 2013 You must add the fee to the cost of the property. 760 state tax form 2013 You cannot deduct the fee you pay to a broker to sell securities. 760 state tax form 2013 You can use the fee only to figure gain or loss from the sale. 760 state tax form 2013 See the Instructions for Form 8949 for information on how to report the fee. 760 state tax form 2013 Hobby Expenses You can generally deduct hobby expenses, but only up to the amount of hobby income. 760 state tax form 2013 A hobby is not a business because it is not carried on to make a profit. 760 state tax form 2013 See Activity not for profit in chapter 12 under Other Income. 760 state tax form 2013 Indirect Deductions of Pass-Through Entities Pass-through entities include partnerships, S corporations, and mutual funds that are not publicly offered. 760 state tax form 2013 Deductions of pass-through entities are passed through to the partners or shareholders. 760 state tax form 2013 The partners or shareholders can deduct their share of passed-through deductions for investment expenses as miscellaneous itemized deductions subject to the 2% limit. 760 state tax form 2013 Example. 760 state tax form 2013 You are a member of an investment club that is formed solely to invest in securities. 760 state tax form 2013 The club is treated as a partnership. 760 state tax form 2013 The partnership's income is solely from taxable dividends, interest, and gains from sales of securities. 760 state tax form 2013 In this case, you can deduct your share of the partnership's operating expenses as miscellaneous itemized deductions subject to the 2% limit. 760 state tax form 2013 However, if the investment club partnership has investments that also produce nontaxable income, you cannot deduct your share of the partnership's expenses that produce the nontaxable income. 760 state tax form 2013 Publicly offered mutual funds. 760 state tax form 2013   Publicly offered mutual funds do not pass deductions for investment expenses through to shareholders. 760 state tax form 2013 A mutual fund is “publicly offered” if it is: Continuously offered pursuant to a public offering, Regularly traded on an established securities market, or Held by or for at least 500 persons at all times during the tax year. 760 state tax form 2013   A publicly offered mutual fund will send you a Form 1099-DIV, Dividends and Distributions, or a substitute form, showing the net amount of dividend income (gross dividends minus investment expenses). 760 state tax form 2013 This net figure is the amount you report on your return as income. 760 state tax form 2013 You cannot further deduct investment expenses related to publicly offered mutual funds because they are already included as part of the net income amount. 760 state tax form 2013 Information returns. 760 state tax form 2013   You should receive information returns from pass-through entities. 760 state tax form 2013 Partnerships and S corporations. 760 state tax form 2013   These entities issue Schedule K-1, which lists the items and amounts you must report and identifies the tax return schedules and lines to use. 760 state tax form 2013 Nonpublicly offered mutual funds. 760 state tax form 2013   These funds will send you a Form 1099-DIV, Dividends and Distributions, or a substitute form, showing your share of gross income and investment expenses. 760 state tax form 2013 You can claim the expenses only as a miscellaneous itemized deduction subject to the 2% limit. 760 state tax form 2013 Investment Fees and Expenses You can deduct investment fees, custodial fees, trust administration fees, and other expenses you paid for managing your investments that produce taxable income. 760 state tax form 2013 Legal Expenses You can usually deduct legal expenses that you incur in attempting to produce or collect taxable income or that you pay in connection with the determination, collection, or refund of any tax. 760 state tax form 2013 You can also deduct legal expenses that are: Related to either doing or keeping your job, such as those you paid to defend yourself against criminal charges arising out of your trade or business, For tax advice related to a divorce, if the bill specifies how much is for tax advice and it is determined in a reasonable way, or To collect taxable alimony. 760 state tax form 2013 You can deduct expenses of resolving tax issues relating to profit or loss from business (Schedule C or C-EZ), rentals or royalties (Schedule E), or farm income and expenses (Schedule F), on the appropriate schedule. 760 state tax form 2013 You deduct expenses of resolving nonbusiness tax issues on Schedule A (Form 1040). 760 state tax form 2013 See Tax Preparation Fees , earlier. 760 state tax form 2013 Loss on Deposits For information on whether, and if so, how, you may deduct a loss on your deposit in a qualified financial institution, see Loss on Deposits in chapter 25. 760 state tax form 2013 Repayments of Income If you had to repay an amount that you included in income in an earlier year, you may be able to deduct the amount you repaid. 760 state tax form 2013 If the amount you had to repay was ordinary income of $3,000 or less, the deduction is subject to the 2% limit. 760 state tax form 2013 If it was more than $3,000, see Repayments Under Claim of Right under Deductions Not Subject to the 2% Limit, later. 760 state tax form 2013 Repayments of Social Security Benefits For information on how to deduct your repayments of certain social security benefits, see Repayments More Than Gross Benefits in chapter 11. 760 state tax form 2013 Safe Deposit Box Rent You can deduct safe deposit box rent if you use the box to store taxable income-producing stocks, bonds, or investment-related papers and documents. 760 state tax form 2013 You cannot deduct the rent if you use the box only for jewelry, other personal items, or tax-exempt securities. 760 state tax form 2013 Service Charges on Dividend Reinvestment Plans You can deduct service charges you pay as a subscriber in a dividend reinvestment plan. 760 state tax form 2013 These service charges include payments for: Holding shares acquired through a plan, Collecting and reinvesting cash dividends, and Keeping individual records and providing detailed statements of accounts. 760 state tax form 2013 Trustee's Administrative Fees for IRA Trustee's administrative fees that are billed separately and paid by you in connection with your individual retirement arrangement (IRA) are deductible (if they are ordinary and necessary) as a miscellaneous itemized deduction subject to the 2% limit. 760 state tax form 2013 For more information about IRAs, see chapter 17. 760 state tax form 2013 Deductions Not Subject to the 2% Limit You can deduct the items listed below as miscellaneous itemized deductions. 760 state tax form 2013 They are not subject to the 2% limit. 760 state tax form 2013 Report these items on Schedule A (Form 1040), line 28. 760 state tax form 2013 List of Deductions Each of the following items is discussed in detail after the list (except where indicated). 760 state tax form 2013 Amortizable premium on taxable bonds. 760 state tax form 2013 Casualty and theft losses from income- producing property. 760 state tax form 2013 Federal estate tax on income in respect of a decedent. 760 state tax form 2013 Gambling losses up to the amount of gambling winnings. 760 state tax form 2013 Impairment-related work expenses of persons with disabilities. 760 state tax form 2013 Loss from other activities from Schedule K-1 (Form 1065-B), box 2. 760 state tax form 2013 Losses from Ponzi-type investment schemes. 760 state tax form 2013 See Losses from Ponzi-type investment schemes under Theft in chapter 25. 760 state tax form 2013 Repayments of more than $3,000 under a claim of right. 760 state tax form 2013 Unrecovered investment in an annuity. 760 state tax form 2013 Amortizable Premium on Taxable Bonds In general, if the amount you pay for a bond is greater than its stated principal amount, the excess is bond premium. 760 state tax form 2013 You can elect to amortize the premium on taxable bonds. 760 state tax form 2013 The amortization of the premium is generally an offset to interest income on the bond rather than a separate deduction item. 760 state tax form 2013 Part of the premium on some bonds may be a miscellaneous deduction not subject to the 2% limit. 760 state tax form 2013 For more information, see Amortizable Premium on Taxable Bonds in Publication 529, and Bond Premium Amortization in chapter 3 of Publication 550, Investment Income and Expenses. 760 state tax form 2013 Casualty and Theft Losses of Income-Producing Property You can deduct a casualty or theft loss as a miscellaneous itemized deduction not subject to the 2% limit if the damaged or stolen property was income-producing property (property held for investment, such as stocks, notes, bonds, gold, silver, vacant lots, and works of art). 760 state tax form 2013 First, report the loss in Form 4684, Section B. 760 state tax form 2013 You may also have to include the loss on Form 4797, Sales of Business Property if you are otherwise required to file that form. 760 state tax form 2013 To figure your deduction, add all casualty or theft losses from this type of property included on Form 4684, lines 32 and 38b, or Form 4797, line 18a. 760 state tax form 2013 For more information on casualty and theft losses, see chapter 25. 760 state tax form 2013 Federal Estate Tax on Income in Respect of a Decedent You can deduct the federal estate tax attributable to income in respect of a decedent that you as a beneficiary include in your gross income. 760 state tax form 2013 Income in respect of the decedent is gross income that the decedent would have received had death not occurred and that was not properly includible in the decedent's final income tax return. 760 state tax form 2013 See Publication 559 for more information. 760 state tax form 2013 Gambling Losses Up to the Amount of Gambling Winnings You must report the full amount of your gambling winnings for the year on Form 1040, line 21. 760 state tax form 2013 You deduct your gambling losses for the year on Schedule A (Form 1040), line 28. 760 state tax form 2013 You cannot deduct gambling losses that are more than your winnings. 760 state tax form 2013 You cannot reduce your gambling winnings by your gambling losses and report the difference. 760 state tax form 2013 You must report the full amount of your winnings as income and claim your losses (up to the amount of winnings) as an itemized deduction. 760 state tax form 2013 Therefore, your records should show your winnings separately from your losses. 760 state tax form 2013 Diary of winnings and losses. 760 state tax form 2013 You must keep an accurate diary or similar record of your losses and winnings. 760 state tax form 2013 Your diary should contain at least the following information. 760 state tax form 2013 The date and type of your specific wager or wagering activity. 760 state tax form 2013 The name and address or location of the gambling establishment. 760 state tax form 2013 The names of other persons present with you at the gambling establishment. 760 state tax form 2013 The amount(s) you won or lost. 760 state tax form 2013 See Publication 529 for more information. 760 state tax form 2013 Impairment-Related Work Expenses If you have a physical or mental disability that limits your being employed, or substantially limits one or more of your major life activities, such as performing manual tasks, walking, speaking, breathing, learning, and working, you can deduct your impairment-related work expenses. 760 state tax form 2013 Impairment-related work expenses are ordinary and necessary business expenses for attendant care services at your place of work and for other expenses in connection with your place of work that are necessary for you to be able to work. 760 state tax form 2013 Self-employed. 760 state tax form 2013   If you are self-employed, enter your impairment-related work expenses on the appropriate form (Schedule C, C-EZ, E, or F) used to report your business income and expenses. 760 state tax form 2013 Loss From Other Activities From Schedule K-1 (Form 1065-B), Box 2 If the amount reported in Schedule K-1 (Form 1065-B), box 2, is a loss, report it on Schedule A (Form 1040), line 28. 760 state tax form 2013 It is not subject to the passive activity limitations. 760 state tax form 2013 Repayments Under Claim of Right If you had to repay more than $3,000 that you included in your income in an earlier year because at the time you thought you had an unrestricted right to it, you may be able to deduct the amount you repaid or take a credit against your tax. 760 state tax form 2013 See Repayments in chapter 12 for more information. 760 state tax form 2013 Unrecovered Investment in Annuity A retiree who contributed to the cost of an annuity can exclude from income a part of each payment received as a tax-free return of the retiree's investment. 760 state tax form 2013 If the retiree dies before the entire investment is recovered tax free, any unrecovered investment can be deducted on the retiree's final income tax return. 760 state tax form 2013 See chapter 10 for more information about the tax treatment of pensions and annuities. 760 state tax form 2013 Nondeductible Expenses Examples of nondeductible expenses are listed next. 760 state tax form 2013 The list is followed by discussions of additional nondeductible expenses. 760 state tax form 2013 List of Nondeductible Expenses Broker's commissions that you paid in connection with your IRA or other investment property. 760 state tax form 2013 Burial or funeral expenses, including the cost of a cemetery lot. 760 state tax form 2013 Capital expenses. 760 state tax form 2013 Fees and licenses, such as car licenses, marriage licenses, and dog tags. 760 state tax form 2013 Hobby losses, but see Hobby Expenses , earlier. 760 state tax form 2013 Home repairs, insurance, and rent. 760 state tax form 2013 Illegal bribes and kickbacks. 760 state tax form 2013 See Bribes and kickbacks in chapter 11 of Publication 535. 760 state tax form 2013 Losses from the sale of your home, furniture, personal car, etc. 760 state tax form 2013 Personal disability insurance premiums. 760 state tax form 2013 Personal, living, or family expenses. 760 state tax form 2013 The value of wages never received or lost vacation time. 760 state tax form 2013 Adoption Expenses You cannot deduct the expenses of adopting a child, but you may be able to take a credit for those expenses. 760 state tax form 2013 See chapter 37. 760 state tax form 2013 Campaign Expenses You cannot deduct campaign expenses of a candidate for any office, even if the candidate is running for reelection to the office. 760 state tax form 2013 These include qualification and registration fees for primary elections. 760 state tax form 2013 Legal fees. 760 state tax form 2013   You cannot deduct legal fees paid to defend charges that arise from participation in a political campaign. 760 state tax form 2013 Check-Writing Fees on Personal Account If you have a personal checking account, you cannot deduct fees charged by the bank for the privilege of writing checks, even if the account pays interest. 760 state tax form 2013 Club Dues Generally, you cannot deduct the cost of membership in any club organized for business, pleasure, recreation, or other social purpose. 760 state tax form 2013 This includes business, social, athletic, luncheon, sporting, airline, hotel, golf, and country clubs. 760 state tax form 2013 You cannot deduct dues paid to an organization if one of its main purposes is to: Conduct entertainment activities for members or their guests, or Provide members or their guests with access to entertainment facilities. 760 state tax form 2013 Dues paid to airline, hotel, and luncheon clubs are not deductible. 760 state tax form 2013 Commuting Expenses You cannot deduct commuting expenses (the cost of transportation between your home and your main or regular place of work). 760 state tax form 2013 If you haul tools, instruments, or other items, in your car to and from work, you can deduct only the additional cost of hauling the items such as the rent on a trailer to carry the items. 760 state tax form 2013 Fines or Penalties You cannot deduct fines or penalties you pay to a governmental unit for violating a law. 760 state tax form 2013 This includes an amount paid in settlement of your actual or potential liability for a fine or penalty (civil or criminal). 760 state tax form 2013 Fines or penalties include parking tickets, tax penalties, and penalties deducted from teachers' paychecks after an illegal strike. 760 state tax form 2013 Health Spa Expenses You cannot deduct health spa expenses, even if there is a job requirement to stay in excellent physical condition, such as might be required of a law enforcement officer. 760 state tax form 2013 Home Security System You cannot deduct the cost of a home security system as a miscellaneous deduction. 760 state tax form 2013 However, you may be able to claim a deduction for a home security system as a business expense if you have a home office. 760 state tax form 2013 See Home Office under Unreimbursed Employee Expenses, earlier, and Security System under Deducting Expenses in Publication 587. 760 state tax form 2013 Investment-Related Seminars You cannot deduct any expenses for attending a convention, seminar, or similar meeting for investment purposes. 760 state tax form 2013 Life Insurance Premiums You cannot deduct premiums you pay on your life insurance. 760 state tax form 2013 You may be able to deduct, as alimony, premiums you pay on life insurance policies assigned to your former spouse. 760 state tax form 2013 See chapter 18 for information on alimony. 760 state tax form 2013 Lobbying Expenses You generally cannot deduct amounts paid or incurred for lobbying expenses. 760 state tax form 2013 These include expenses to: Influence legislation, Participate or intervene in any political campaign for, or against, any candidate for public office, Attempt to influence the general public, or segments of the public, about elections, legislative matters, or referendums, or Communicate directly with covered executive branch officials in any attempt to influence the official actions or positions of those officials. 760 state tax form 2013 Lobbying expenses also include any amounts paid or incurred for research, preparation, planning, or coordination of any of these activities. 760 state tax form 2013 Dues used for lobbying. 760 state tax form 2013   If a tax-exempt organization notifies you that part of the dues or other amounts you pay to the organization are used to pay nondeductible lobbying expenses, you cannot deduct that part. 760 state tax form 2013 See Lobbying Expenses in Publication 529 for information on exceptions. 760 state tax form 2013 Lost or Mislaid Cash or Property You cannot deduct a loss based on the mere disappearance of money or property. 760 state tax form 2013 However, an accidental loss or disappearance of property can qualify as a casualty if it results from an identifiable event that is sudden, unexpected, or unusual. 760 state tax form 2013 See chapter 25. 760 state tax form 2013 Example. 760 state tax form 2013 A car door is accidentally slammed on your hand, breaking the setting of your diamond ring. 760 state tax form 2013 The diamond falls from the ring and is never found. 760 state tax form 2013 The loss of the diamond is a casualty. 760 state tax form 2013 Lunches with Co-workers You cannot deduct the expenses of lunches with co-workers, except while traveling away from home on business. 760 state tax form 2013 See chapter 26 for information on deductible expenses while traveling away from home. 760 state tax form 2013 Meals While Working Late You cannot deduct the cost of meals while working late. 760 state tax form 2013 However, you may be able to claim a deduction if the cost of meals is a deductible entertainment expense, or if you are traveling away from home. 760 state tax form 2013 See chapter 26 for information on deductible entertainment expenses and expenses while traveling away from home. 760 state tax form 2013 Personal Legal Expenses You cannot deduct personal legal expenses such as those for the following. 760 state tax form 2013 Custody of children. 760 state tax form 2013 Breach of promise to marry suit. 760 state tax form 2013 Civil or criminal charges resulting from a personal relationship. 760 state tax form 2013 Damages for personal injury, except for certain unlawful discrimination and whistleblower claims. 760 state tax form 2013 Preparation of a title (or defense or perfection of a title). 760 state tax form 2013 Preparation of a will. 760 state tax form 2013 Property claims or property settlement in a divorce. 760 state tax form 2013 You cannot deduct these expenses even if a result of the legal proceeding is the loss of income-producing property. 760 state tax form 2013 Political Contributions You cannot deduct contributions made to a political candidate, a campaign committee, or a newsletter fund. 760 state tax form 2013 Advertisements in convention bulletins and admissions to dinners or programs that benefit a political party or political candidate are not deductible. 760 state tax form 2013 Professional Accreditation Fees You cannot deduct professional accreditation fees such as the following. 760 state tax form 2013 Accounting certificate fees paid for the initial right to practice accounting. 760 state tax form 2013 Bar exam fees and incidental expenses in securing initial admission to the bar. 760 state tax form 2013 Medical and dental license fees paid to get initial licensing. 760 state tax form 2013 Professional Reputation You cannot deduct expenses of radio and TV appearances to increase your personal prestige or establish your professional reputation. 760 state tax form 2013 Relief Fund Contributions You cannot deduct contributions paid to a private plan that pays benefits to any covered employee who cannot work because of any injury or illness not related to the job. 760 state tax form 2013 Residential Telephone Service You cannot deduct any charge (including taxes) for basic local telephone service for the first telephone line to your residence, even if it is used in a trade or business. 760 state tax form 2013 Stockholders' Meetings You cannot deduct transportation and other expenses you pay to attend stockholders' meetings of companies in which you own stock but have no other interest. 760 state tax form 2013 You cannot deduct these expenses even if you are attending the meeting to get information that would be useful in making further investments. 760 state tax form 2013 Tax-Exempt Income Expenses You cannot deduct expenses to produce tax-exempt income. 760 state tax form 2013 You cannot deduct interest on a debt incurred or continued to buy or carry  tax-exempt securities. 760 state tax form 2013 If you have expenses to produce both taxable and tax-exempt income, but you cannot identify the expenses that produce each type of income, you must divide the expenses based on the amount of each type of income to determine the amount that you can deduct. 760 state tax form 2013 Example. 760 state tax form 2013 During the year, you received taxable interest of $4,800 and tax-exempt interest of $1,200. 760 state tax form 2013 In earning this income, you had total expenses of $500 during the year. 760 state tax form 2013 You cannot identify the amount of each expense item that is for each income item. 760 state tax form 2013 Therefore, 80% ($4,800/$6,000) of the expense is for the taxable interest and 20% ($1,200/$6,000) is for the tax-exempt interest. 760 state tax form 2013 You can deduct, subject to the 2% limit, expenses of $400 (80% of $500). 760 state tax form 2013 Travel Expenses for Another Individual You generally cannot deduct travel expenses you pay or incur for a spouse, dependent, or other individual who accompanies you (or your employee) on business or personal travel unless the spouse, dependent, or other individual is an employee of the taxpayer, the travel is for a bona fide business purpose, and such expenses would otherwise be deductible by the spouse, dependent, or other individual. 760 state tax form 2013 See chapter 26 for more information on deductible travel expenses. 760 state tax form 2013 Voluntary Unemployment Benefit Fund Contributions You cannot deduct voluntary unemployment benefit fund contributions you make to a union fund or a private fund. 760 state tax form 2013 However, you can deduct contributions as taxes if state law requires you to make them to a state unemployment fund that covers you for the loss of wages from unemployment caused by business conditions. 760 state tax form 2013 Wristwatches You cannot deduct the cost of a wristwatch, even if there is a job requirement that you know the correct time to properly perform your duties. 760 state tax form 2013 Prev  Up  Next   Home   More Online Publications
Español

Travel and Maps for Sale

Buy maps and make travel plans with the U.S. Government.

The 760 State Tax Form 2013

760 state tax form 2013 Index A Assistance (see Tax help) F Free tax services, How To Get Tax Help H Help (see Tax help) M More information (see Tax help) P Publications (see Tax help) T Tax help, How To Get Tax Help Taxpayer Advocate, Contacting your Taxpayer Advocate. 760 state tax form 2013 TTY/TDD information, How To Get Tax Help Prev  Up     Home   More Online Publications