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

Ez 1040 Form 2014

Amending A Tax ReturnFile Federal State Taxes FreeHow To Fill Out An Amended Tax Return FormHow To File Taxes From 2009Free State E File Tax ReturnFiling Form 1040ezFree Prior Tax Years FilingTaxact 2011 Login1040 Form FreeHow Do I Do An Amended Tax ReturnFree H&r Block TaxesEfile Tax Extension FreeI Need To File My 2011 Tax ReturnFree Tax FilingHow Do You File 2011 TaxesIrs Forms 1040ezHow Can I File Taxes For 2012Free State Taxes Filing2013 Irs Form 1040 Ez2010 1040ezIrs E File 1040 EzNeed 2011 TaxesForm 1040aIrs 1040 EzH And R Block Free Tax PreparationIrs1040ez Form2012 Income Tax FilingFree Online State Tax PreparationHow To Do A Amended Tax ReturnFile State Income Tax OnlineE File Amended Tax ReturnWhen Amend Tax Return1040 State Tax FormFree File State Tax ReturnIrs Tax Filing For 2012Fillable 1040xPrintable 1040ez Tax FormAmended Tax Return Form1040 Irs Tax Forms 2012Where Do I Send My 2012 Federal Income Tax Return

Ez 1040 Form 2014

Ez 1040 form 2014 33. Ez 1040 form 2014   Crédito para Ancianos o Personas Incapacitadas Table of Contents Introduction Useful Items - You may want to see: ¿Reúne los Requisitos del Crédito?Persona que Reúne los Requisitos Límites sobre los Ingresos Cómo Reclamar el CréditoEl Crédito Calculado por el IRS El Crédito Calculado por Usted Mismo Introduction Si reúne los requisitos, tal vez pueda reducir los impuestos que adeuda tomando el crédito para ancianos o personas incapacitadas, el cual se calcula en el Anexo R (Formulario 1040A o Formulario 1040). Ez 1040 form 2014 Este capítulo trata lo siguiente: Quién reúne los requisitos para reclamar el crédito para ancianos o personas incapacitadas. Ez 1040 form 2014 Cómo reclamar el crédito. Ez 1040 form 2014 Tal vez pueda tomar el crédito para ancianos o personas incapacitadas si: Tiene 65 años de edad o más al final del año 2013 o Se jubiló por incapacidad total y permanente y recibe ingresos por incapacidad sujetos a impuestos. Ez 1040 form 2014 Useful Items - You may want to see: Publicación 524 Credit for the Elderly or the Disabled (Crédito para ancianos o personas incapacitadas), en inglés 554 Tax Guide for Seniors (Guía tributaria para personas de la tercera edad), en inglés Formulario (e Instrucciones) Anexo R (Formulario 1040A o 1040) Credit for the Elderly or the Disabled (Crédito para ancianos o personas incapacitadas), en inglés ¿Reúne los Requisitos del Crédito? Puede reclamar el crédito para ancianos o personas incapacitadas si le corresponden ambas situaciones: Usted es una persona que reúne los requisitos. Ez 1040 form 2014 Sus ingresos no sobrepasan determinados límites. Ez 1040 form 2014 Puede utilizar la Figura 33-A y la Tabla 33-1 como guía para ver si tiene derecho al crédito. Ez 1040 form 2014 Primero, utilice la Figura 33-A para saber si reúne los requisitos. Ez 1040 form 2014 En tal caso, pase a la Tabla 33-1 para asegurarse que sus ingresos no superen los límites correspondientes al crédito. Ez 1040 form 2014 Puede reclamar el crédito sólo si presenta el Formulario 1040 o el Formulario 1040A. Ez 1040 form 2014 No puede reclamar el crédito si presenta el Formulario 1040EZ. Ez 1040 form 2014 Persona que Reúne los Requisitos Usted reúne los requisitos de este crédito si es ciudadano estadounidense o extranjero residente y cualquiera de las siguientes situaciones le corresponden: Tenía 65 años de edad o más al final del año 2013. Ez 1040 form 2014 Tenía menos de 65 años de edad al final del año 2013 y se cumplen las tres condiciones siguientes: Se jubiló por incapacidad total y permanente (se explica más adelante). Ez 1040 form 2014 Recibió ingresos sujetos a impuestos por incapacidad durante 2013. Ez 1040 form 2014 En el día 1 de enero de 2013, no había alcanzado la edad de jubilación obligatoria (se define más adelante bajo Ingresos por incapacidad ). Ez 1040 form 2014 65 años de edad. Ez 1040 form 2014   Se considera que tiene 65 años el día antes de cumplir los 65 años. Ez 1040 form 2014 Por lo tanto, si nació el 1 de enero de 1949, se considera que tiene 65 años de edad al final de 2013. Ez 1040 form 2014 Ciudadano o Extranjero Residente de los Estados Unidos Para reclamar el crédito, tiene que ser ciudadano o extranjero residente de los Estados Unidos (o ser tratado como extranjero residente). Ez 1040 form 2014 Normalmente, no puede reclamar el crédito si fue extranjero no residente en algún momento durante el año tributario. Ez 1040 form 2014 Excepciones. Ez 1040 form 2014   Tal vez pueda tomar el crédito si es extranjero no residente casado con un ciudadano o extranjero residente de los EE. Ez 1040 form 2014 UU. Ez 1040 form 2014 al final del año tributario, y usted y su cónyuge optan por tratarlo a usted como extranjero residente de los Estados Unidos. Ez 1040 form 2014 En tal caso, se gravan impuestos sobre los ingresos que usted y su cónyuge reciban de cualquier parte del mundo. Ez 1040 form 2014 Si era extranjero no residente al comenzar el año y residente extranjero al final del año, y estaba casado con un ciudadano o extranjero residente de los EE. Ez 1040 form 2014 UU. Ez 1040 form 2014 al final del año, tal vez pueda optar por ser considerado extranjero residente de los EE. Ez 1040 form 2014 UU. Ez 1040 form 2014 durante todo el año. Ez 1040 form 2014 En ese caso, quizás se le permita reclamar el crédito. Ez 1040 form 2014 Para más información sobre estas opciones, vea el capítulo 1 de la Publicación 519, U. Ez 1040 form 2014 S. Ez 1040 form 2014 Tax Guide for Aliens (Guía tributaria sobre los impuestos estadounidenses para extranjeros), en inglés. Ez 1040 form 2014 Personas Casadas Normalmente, si está casado al final del año tributario, usted y su cónyuge tienen que presentar una declaración conjunta para reclamar el crédito. Ez 1040 form 2014 No obstante, si usted y su cónyuge no vivieron en la misma vivienda en ningún momento durante el año tributario, pueden presentar una declaración conjunta o declaraciones separadas y aún reclamar el crédito. Ez 1040 form 2014 Cabeza de familia. Ez 1040 form 2014   Puede presentar la declaración como cabeza de familia y satisfacer las condiciones del crédito, aun si su cónyuge vivió con usted durante los primeros 6 meses del año, si cumple ciertos requisitos. Ez 1040 form 2014 Vea Cabeza de Familia en el capítulo 2, para averiguar qué requisitos tiene que cumplir. Ez 1040 form 2014 Personas Menores de 65 Años de Edad Si tiene menos de 65 años de edad al final del año 2013, puede reunir los requisitos del crédito sólo si está jubilado por incapacidad total y permanente (se explica a continuación) y ha recibido ingresos por incapacidad sujetos a impuestos (se explica más adelante, bajo el tema Ingresos por incapacidad ). Ez 1040 form 2014 Se le considera jubilado por incapacidad total y permanente si: Estaba total y permanentemente incapacitado cuando se jubiló y Se jubiló por incapacidad antes del cierre del año tributario. Ez 1040 form 2014 Aunque no se jubile oficialmente, puede que se le considere jubilado por incapacidad cuando haya dejado de trabajar debido a su incapacidad. Ez 1040 form 2014 Si se jubiló por incapacidad antes de 1977 y no estaba total y permanentemente incapacitado en ese momento, puede cumplir los requisitos del crédito si estaba total y permanentemente incapacitado el 1 de enero de 1976 o el 1 de enero de 1977. Ez 1040 form 2014 Total y permanentemente incapacitado. Ez 1040 form 2014    Está total y permanentemente incapacitado si no puede dedicarse a ninguna actividad sustancial remunerada a causa de una condición física o mental. Ez 1040 form 2014 Un médico calificado tiene que confirmar por escrito que dicha condición ha durado o puede durar 12 meses o más, o que dicha condición puede culminar en la muerte. Ez 1040 form 2014 Vea Declaración del médico , más adelante. Ez 1040 form 2014 Actividad sustancial remunerada. Ez 1040 form 2014   Se define “actividad sustancial remunerada” como el desempeño de deberes importantes a lo largo de un período de tiempo razonable, mientras uno trabaje para recibir remuneración u obtener ganancias; o un trabajo generalmente realizado a cambio de remuneración o ganancias. Ez 1040 form 2014 El mantener un empleo a tiempo completo (o un empleo a tiempo parcial a conveniencia de su empleador) en un ambiente laboral competitivo donde se paga por lo menos el salario mínimo se considera una prueba contundente de que puede dedicarse a una actividad sustancial remunerada. Ez 1040 form 2014   Los trabajos realizados para cuidarse a sí mismo o cuidar su vivienda no se consideran actividades sustanciales remuneradas. Ez 1040 form 2014 Tampoco se considera actividad sustancial remunerada: el trabajo no remunerado desempeñado en relación con los pasatiempos, la capacitación o terapia institucional, asistencia a una escuela, los clubes, programas sociales y otras actividades semejantes. Ez 1040 form 2014 No obstante, realizar este tipo de trabajo puede demostrar que usted es capaz de dedicarse a una actividad sustancial remunerada. Ez 1040 form 2014    El hecho de que no haya trabajado por algún tiempo no se considera una prueba concluyente de que no pueda dedicarse a una actividad sustancial remunerada. Ez 1040 form 2014 Empleo en establecimientos protegidos. Ez 1040 form 2014   Ciertos trabajos ofrecidos a personas con incapacidad física o mental en establecimientos que reúnen ciertos requisitos se consideran empleo protegido. Ez 1040 form 2014 Dichos sitios se ubican en establecimientos protegidos, tales como talleres, hospitales e instituciones parecidas, programas laborales o educativos en el hogar y asilos patrocinados por el Departamento de Asuntos de Veteranos (VA, por sus siglas en inglés). Ez 1040 form 2014   En comparación con el empleo comercial, la remuneración del empleo en establecimientos protegidos es más baja. Ez 1040 form 2014 Por lo tanto, una persona no suele buscar empleo en establecimientos protegidos si puede encontrar otro empleo. Ez 1040 form 2014 El hecho de que una persona haya aceptado un empleo en establecimientos protegidos no comprueba que la persona pueda dedicarse a una actividad sustancial remunerada. Ez 1040 form 2014 Declaración del médico. Ez 1040 form 2014   Si tiene menos de 65 años de edad, su médico tiene que certificar por escrito que usted estaba total y permanentemente incapacitado en la fecha en que se jubiló. Ez 1040 form 2014 Puede utilizar la declaración en las Instrucciones del Anexo R (Fomulario 1040A o 1040). Ez 1040 form 2014    Please click here for the text description of the image. Ez 1040 form 2014 Figura 33−A. Ez 1040 form 2014 ¿Es Usted una Persona que Reúne los Requisitos? Tabla 33-1. Ez 1040 form 2014 Límites sobre los Ingresos SI su estado civil para efectos de la declaración es . Ez 1040 form 2014 . Ez 1040 form 2014 . Ez 1040 form 2014 . Ez 1040 form 2014 ENTONCES aun si reúne los requisitos (vea la Figura 33-A ), NO PUEDE reclamar el crédito si . Ez 1040 form 2014 . Ez 1040 form 2014 . Ez 1040 form 2014 . Ez 1040 form 2014 Tiene ingresos brutos ajustados (AGI, por sus siglas en inglés)* iguales o superiores a . Ez 1040 form 2014 . Ez 1040 form 2014 . Ez 1040 form 2014 . Ez 1040 form 2014 O el total de su Seguro Social no sujeto a impuestos además de otras pensiones, anualidades o ingreso por incapacidad no sujetos a impuestos es igual o superior a . Ez 1040 form 2014 . Ez 1040 form 2014 . Ez 1040 form 2014 . Ez 1040 form 2014 soltero, cabeza de familia o viudo que reúne los requisitos con hijo dependiente $17,500 $5,000 casado que presenta una declaración conjunta y sólo uno de los cónyuges reúne los requisitos de la Figura 33-A $20,000 $5,000 casado que presenta una declaración conjunta y ambos cónyuges reúnen los requisitos de la Figura 33-A $25,000 $7,500 casado que presenta una declaración por separado y usted y su cónyuge no vivieron en la misma vivienda en ningún momento del año 2013 $12,500 $3,750 *El AGI es la cantidad indicada en la línea 22 del Formulario 1040A o la línea 38 del Formulario 1040. Ez 1040 form 2014   No tiene que presentar esta declaración escrita junto con el Formulario 1040 o Formulario 1040A, pero tiene que guardarla con su documentación. Ez 1040 form 2014 Veteranos. Ez 1040 form 2014   Si el Departamento de Asuntos de Veteranos (VA, por sus siglas en inglés) certifica que está total y permanentemente incapacitado, puede utilizar el Formulario 21-0172 del VA, Certification of Permanent and Total Disability (Certificación de incapacidad total y permanente), en inglés, en lugar de la declaración escrita de un médico que usted está obligado a conservar. Ez 1040 form 2014 El Formulario 21-0172 del VA tiene que ser firmado por una persona autorizada por el VA. Ez 1040 form 2014 Puede obtener este formulario de la oficina regional del VA de su área. Ez 1040 form 2014 Declaración escrita de un médico obtenida en un año anterior. Ez 1040 form 2014   Si obtuvo una declaración escrita de su médico en un año anterior y, por su condición continua de incapacidad, no pudo dedicarse a ninguna actividad sustancial remunerada durante 2013, quizás no necesite obtener otra declaración escrita de su médico para 2013. Ez 1040 form 2014 Para leer una explicación detallada de las condiciones que tiene que cumplir, consulte la Parte II de las Instrucciones del Anexo R (Formulario 1040A o 1040). Ez 1040 form 2014 Si satisface las condiciones obligatorias, marque el recuadro 2 de la Parte II del Anexo R (Formulario 1040A o 1040). Ez 1040 form 2014   Si marcó el recuadro 4, 5 ó 6 de la Parte I del Anexo R (Formulario 1040A o 1040), anote en el espacio por encima del recuadro de la línea 2 de la Parte II el (los) primer(os) nombre(s) del (de los) cónyuge(s) para el (los) cual(es) está marcado dicho recuadro. Ez 1040 form 2014 Ingresos por incapacidad. Ez 1040 form 2014   Si tiene menos de 65 años de edad, tiene que tener también ingresos tributables de compensación por incapacidad para reunir los requisitos del crédito. Ez 1040 form 2014 Los ingresos de compensación por incapacidad tienen que cumplir los siguientes requisitos: Se tienen que pagar conforme al seguro de accidente o médico, o el plan de pensiones de su empleador. Ez 1040 form 2014 Se tienen que incluir en los ingresos como salario (o pagos en lugar de salario) durante el tiempo por el cual se ausentó del trabajo a raíz de una incapacidad total y permanente. Ez 1040 form 2014 Pagos que no se consideran ingresos por incapacidad. Ez 1040 form 2014   Todo pago que reciba de un plan que no ofrece una opción para la jubilación por incapacidad no se considera ingreso por incapacidad. Ez 1040 form 2014 Todo pago global que reciba por vacaciones acumuladas al jubilarse por incapacidad se considera pago de salario en vez de ingreso por incapacidad. Ez 1040 form 2014   Para propósitos del crédito para ancianos o personas incapacitadas, los ingresos por incapacidad no incluyen cantidades que usted reciba después de cumplir la edad obligatoria de jubilación. Ez 1040 form 2014 La edad obligatoria de jubilación es la edad establecida por su empleador en la que usted habría estado obligado a jubilarse si no se hubiera quedado incapacitado. Ez 1040 form 2014 Límites sobre los Ingresos Para determinar si puede reclamar el crédito, tiene que tener en cuenta dos límites sobre los ingresos. Ez 1040 form 2014 El primer límite es la cantidad de ingresos brutos ajustados (AGI, por sus siglas en inglés). Ez 1040 form 2014 El segundo límite es la cantidad de Seguro Social no sujeta a impuestos y otras pensiones, anualidades o compensación por incapacidad no sujetas a impuestos que haya recibido. Ez 1040 form 2014 Se indican los límites en la Tabla 33-1. Ez 1040 form 2014 Si tiene ingresos brutos ajustados y pensiones, anualidades o compensación por incapacidad no sujetos a impuestos inferiores a los límites de ingresos, quizás pueda reclamar el crédito. Ez 1040 form 2014 Vea Cómo Reclamar el Crédito , más adelante. Ez 1040 form 2014 Si tiene ingresos brutos ajustados o pensiones, anualidades o compensación por incapacidad no sujetos a impuestos iguales o superiores a los límites de ingresos, no puede reclamar el crédito. Ez 1040 form 2014 Cómo Reclamar el Crédito Puede calcular el crédito usted mismo o el Servicio de Impuestos Internos (IRS, por sus siglas en inglés) se lo calculará. Ez 1040 form 2014 El Crédito Calculado por el IRS Si opta por que el IRS le calcule el crédito, lea el tema presentado a continuación relacionado con el formulario que usted va a presentar (el Formulario 1040 o el Formulario 1040A). Ez 1040 form 2014 Si desea que el IRS le calcule su impuesto, vea el capítulo 30 . Ez 1040 form 2014 Formulario 1040. Ez 1040 form 2014   Si desea que el IRS le calcule el crédito, vea Datos a Incluir en el Formulario 1040 bajo Impuestos Calculados por el IRS en el capítulo 30. Ez 1040 form 2014 Formulario 1040A. Ez 1040 form 2014   Si desea que el IRS le calcule el crédito, vea Datos a Incluir en el Formulario 1040A bajo Impuestos Calculados por el IRS en el capítulo 30. Ez 1040 form 2014 El Crédito Calculado por Usted Mismo Si opta por calcular el crédito usted mismo, llene la primera página del Anexo R (Formulario 1040A o 1040). Ez 1040 form 2014 Luego, llene la Parte III del Anexo R (Formulario 1040A o 1040). Ez 1040 form 2014 Si presenta el Formulario 1040A, anote en la línea 30 de este formulario la cantidad proveniente de la línea 22 del Anexo R (Formulario 1040A o 1040). Ez 1040 form 2014 Si presenta el Formulario 1040, anote en la línea 53 de este formulario la cantidad proveniente de la línea 22 del Anexo R (Formulario 1040A o 1040), marque el recuadro c y escriba “Sch R” en la línea al lado de dicho recuadro. Ez 1040 form 2014 Para leer una explicación detallada sobre cómo llenar la Parte III del Anexo R, vea Figuring the Credit Yourself (Cómo calcular el crédito usted mismo), en la Publicación 524, en inglés. Ez 1040 form 2014 Límite del crédito. Ez 1040 form 2014   La cantidad del crédito que puede reclamar, por lo general, suele limitarse a la cantidad de impuestos que tiene que pagar. Ez 1040 form 2014 Utilice la Credit Limit Worksheet (Hoja de trabajo para calcular el límite del crédito), en las Instrucciones del Anexo R (Formulario 1040A o Formulario 1040) para determinar si su crédito es limitado. Ez 1040 form 2014 Prev  Up  Next   Home   More Online Publications
Español

Federal Agencies Can Help

Several federal agencies offer advice and information on the Internet that can help insure you have a safe trip. For advice on:

  • Airline, highway, and rail safety information- Check out the U.S. Department of Transportation. Look up crash-safety reports on cars or find out how weather is affecting air travel and road conditions.
  • Safe travel by air, land and sea- Contact the Transportation Security Administration. They post tips on dealing with airline security checks, traveling with kids, and warnings on prohibited items.
  • What to do before, during, and when you return from a trip overseas - Visit the U.S. Department of State. You can also get warnings on locations to avoid and what to do in an overseas emergency.
  • Health-related travel information - Consult the Centers for Disease Control and Prevention. Research vaccination requirements, find information on how to avoid illnesses caused by food and water, and review inspection scores on specific cruise ships.

Check Bus Safety Records

Some travelers have turned to commercial buses as an inexpensive option for traveling long distances. Before planning a trip on a commercial bus or hired motorcoach, you should research the company’s record. The Federal Motor Carrier Safety Administration (FMCSA) recommends that you contact the company and ask these questions:

  • Do the drivers hold valid Commercial Driver’s Licenses with a “passenger” endorsement?
  • Does the company comply with the Department of Transportation’s drug and alcohol testing requirements for drivers?
  • Does the company conduct safety inspections of their buses?

You can find more information on interstate travel safety and use the FMCSA’s bus safety database. If you would like to file a safety complaint call 1-888-368-7238.

The Ez 1040 Form 2014

Ez 1040 form 2014 4. Ez 1040 form 2014   Student Loan Interest Deduction Table of Contents Introduction Student Loan Interest DefinedQualified Student Loan Qualified Education Expenses Include As Interest Do Not Include As Interest When Must Interest Be Paid Can You Claim the DeductionNo Double Benefit Allowed Figuring the DeductionEffect of the Amount of Your Income on the Amount of Your Deduction Which Worksheet To Use Claiming the Deduction Introduction Generally, personal interest you pay, other than certain mortgage interest, is not deductible on your tax return. Ez 1040 form 2014 However, if your modified adjusted gross income (MAGI) is less than $75,000 ($155,000 if filing a joint return) there is a special deduction allowed for paying interest on a student loan (also known as an education loan) used for higher education. Ez 1040 form 2014 For most taxpayers, MAGI is the adjusted gross income as figured on their federal income tax return before subtracting any deduction for student loan interest. Ez 1040 form 2014 This deduction can reduce the amount of your income subject to tax by up to $2,500 in 2013. Ez 1040 form 2014 The student loan interest deduction is taken as an adjustment to income. Ez 1040 form 2014 This means you can claim this deduction even if you do not itemize deductions on Schedule A (Form 1040). Ez 1040 form 2014 This chapter explains: What type of loan interest you can deduct, Whether you can claim the deduction, What expenses you must have paid with the student loan, Who is an eligible student, How to figure the deduction, and How to claim the deduction. Ez 1040 form 2014 Table 4-1. Ez 1040 form 2014 Student Loan Interest Deduction at a Glance This table summarizes the features of the student loan interest deduction. Ez 1040 form 2014 Do not rely on this table alone. Ez 1040 form 2014 Refer to the text for complete details. Ez 1040 form 2014 Feature   Description Maximum benefit   You can reduce your income subject to tax by up to $2,500. Ez 1040 form 2014 Loan qualifications   Your student loan: •must have been taken out solely to pay qualified education expenses, and •cannot be from a related person or made under a qualified employer plan. Ez 1040 form 2014 Student qualifications   The student must be: •you, your spouse, or your dependent, and  •enrolled at least half-time in a degree program. Ez 1040 form 2014 Time limit on deduction   You can deduct interest paid during the remaining period of your student loan. Ez 1040 form 2014 Limit on modified adjusted gross income (MAGI)   $155,000 if married filing a joint return; $75,000 if single, head of household, or qualifying widow(er). Ez 1040 form 2014 Student Loan Interest Defined Student loan interest is interest you paid during the year on a qualified student loan. Ez 1040 form 2014 It includes both required and voluntary interest payments. Ez 1040 form 2014 Qualified Student Loan This is a loan you took out solely to pay qualified education expenses (defined later) that were: For you, your spouse, or a person who was your dependent when you took out the loan, Paid or incurred within a reasonable period of time before or after you took out the loan, and For education provided during an academic period for an eligible student. Ez 1040 form 2014 Loans from the following sources are not qualified student loans. Ez 1040 form 2014 A related person. Ez 1040 form 2014 A qualified employer plan. Ez 1040 form 2014 Your dependent. Ez 1040 form 2014   Generally, your dependent is someone who is either a: Qualifying child, or Qualifying relative. Ez 1040 form 2014 You can find more information about dependents in Publication 501. Ez 1040 form 2014 Exceptions. Ez 1040 form 2014   For purposes of the student loan interest deduction, there are the following exceptions to the general rules for dependents. Ez 1040 form 2014 An individual can be your dependent even if you are the dependent of another taxpayer. Ez 1040 form 2014 An individual can be your dependent even if the individual files a joint return with a spouse. Ez 1040 form 2014 An individual can be your dependent even if the individual had gross income for the year that was equal to or more than the exemption amount for the year ($3,900 for 2013). Ez 1040 form 2014 Reasonable period of time. Ez 1040 form 2014   Qualified education expenses are treated as paid or incurred within a reasonable period of time before or after you take out the loan if they are paid with the proceeds of student loans that are part of a federal postsecondary education loan program. Ez 1040 form 2014   Even if not paid with the proceeds of that type of loan, the expenses are treated as paid or incurred within a reasonable period of time if both of the following requirements are met. Ez 1040 form 2014 The expenses relate to a specific academic period, and The loan proceeds are disbursed within a period that begins 90 days before the start of that academic period and ends 90 days after the end of that academic period. Ez 1040 form 2014   If neither of the above situations applies, the reasonable period of time usually is determined based on all the relevant facts and circumstances. Ez 1040 form 2014 Academic period. Ez 1040 form 2014   An academic period includes a semester, trimester, quarter, or other period of study (such as a summer school session) as reasonably determined by an educational institution. Ez 1040 form 2014 In the case of an educational institution that uses credit hours or clock hours and does not have academic terms, each payment period can be treated as an academic period. Ez 1040 form 2014 Eligible student. Ez 1040 form 2014   This is a student who was enrolled at least half-time in a program leading to a degree, certificate, or other recognized educational credential. Ez 1040 form 2014 Enrolled at least half-time. Ez 1040 form 2014   A student was enrolled at least half-time if the student was taking at least half the normal full-time work load for his or her course of study. Ez 1040 form 2014   The standard for what is half of the normal full-time work load is determined by each eligible educational institution. Ez 1040 form 2014 However, the standard may not be lower than any of those established by the U. Ez 1040 form 2014 S. Ez 1040 form 2014 Department of Education under the Higher Education Act of 1965. Ez 1040 form 2014 Related person. Ez 1040 form 2014   You cannot deduct interest on a loan you get from a related person. Ez 1040 form 2014 Related persons include: Your spouse, Your brothers and sisters, Your half brothers and half sisters, Your ancestors (parents, grandparents, etc. Ez 1040 form 2014 ), Your lineal descendants (children, grandchildren, etc. Ez 1040 form 2014 ), and Certain corporations, partnerships, trusts, and exempt organizations. Ez 1040 form 2014 Qualified employer plan. Ez 1040 form 2014   You cannot deduct interest on a loan made under a qualified employer plan or under a contract purchased under such a plan. Ez 1040 form 2014 Qualified Education Expenses For purposes of the student loan interest deduction, these expenses are the total costs of attending an eligible educational institution, including graduate school. Ez 1040 form 2014 They include amounts paid for the following items. Ez 1040 form 2014 Tuition and fees. Ez 1040 form 2014 Room and board. Ez 1040 form 2014 Books, supplies, and equipment. Ez 1040 form 2014 Other necessary expenses (such as transportation). Ez 1040 form 2014 The cost of room and board qualifies only to the extent that it is not more than the greater of: The allowance for room and board, as determined by the eligible educational institution, that was included in the cost of attendance (for federal financial aid purposes) for a particular academic period and living arrangement of the student, or The actual amount charged if the student is residing in housing owned or operated by the eligible educational institution. Ez 1040 form 2014 Eligible educational institution. Ez 1040 form 2014   An eligible educational institution is any college, university, vocational school, or other postsecondary educational institution eligible to participate in a student aid program administered by the U. Ez 1040 form 2014 S. Ez 1040 form 2014 Department of Education. Ez 1040 form 2014 It includes virtually all accredited public, nonprofit, and proprietary (privately owned profit-making) postsecondary institutions. Ez 1040 form 2014   Certain educational institutions located outside the United States also participate in the U. Ez 1040 form 2014 S. Ez 1040 form 2014 Department of Education's Federal Student Aid (FSA) programs. Ez 1040 form 2014   For purposes of the student loan interest deduction, an eligible educational institution also includes an institution conducting an internship or residency program leading to a degree or certificate from an institution of higher education, a hospital, or a health care facility that offers postgraduate training. Ez 1040 form 2014   An educational institution must meet the above criteria only during the academic period(s) for which the student loan was incurred. Ez 1040 form 2014 The deductibility of interest on the loan is not affected by the institution's subsequent loss of eligibility. Ez 1040 form 2014    The educational institution should be able to tell you if it is an eligible educational institution. Ez 1040 form 2014 Adjustments to Qualified Education Expenses You must reduce your qualified education expenses by the total amount paid for them with the following tax-free items. Ez 1040 form 2014 Employer-provided educational assistance. Ez 1040 form 2014 See chapter 11, Employer-Provided Educational Assistance . Ez 1040 form 2014 Tax-free distribution of earnings from a Coverdell education savings account (ESA). Ez 1040 form 2014 See Tax-Free Distributions in chapter 7, Coverdell Education Savings Account. Ez 1040 form 2014 Tax-free distribution of earnings from a qualified tuition program (QTP). Ez 1040 form 2014 See Figuring the Taxable Portion of a Distribution in chapter 8, Qualified Tuition Program. Ez 1040 form 2014 U. Ez 1040 form 2014 S. Ez 1040 form 2014 savings bond interest that you exclude from income because it is used to pay qualified education expenses. Ez 1040 form 2014 See chapter 10, Education Savings Bond Program . Ez 1040 form 2014 The tax-free part of scholarships and fellowships. Ez 1040 form 2014 See Tax-Free Scholarships and Fellowships in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions. Ez 1040 form 2014 Veterans' educational assistance. Ez 1040 form 2014 See Veterans' Benefits in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions. Ez 1040 form 2014 Any other nontaxable (tax-free) payments (other than gifts or inheritances) received as educational assistance. Ez 1040 form 2014 Include As Interest In addition to simple interest on the loan, if all other requirements are met, the items discussed below can be student loan interest. Ez 1040 form 2014 Loan origination fee. Ez 1040 form 2014   In general, this is a one-time fee charged by the lender when a loan is made. Ez 1040 form 2014 To be deductible as interest, a loan origination fee must be for the use of money rather than for property or services (such as commitment fees or processing costs) provided by the lender. Ez 1040 form 2014 A loan origination fee treated as interest accrues over the term of the loan. Ez 1040 form 2014   Loan origination fees were not required to be reported on Form 1098-E, Student Loan Interest Statement, for loans made before September 1, 2004. Ez 1040 form 2014 If loan origination fees are not included in the amount reported on your Form 1098-E, you can use any reasonable method to allocate the loan origination fees over the term of the loan. Ez 1040 form 2014 The method shown in the example below allocates equal portions of the loan origination fee to each payment required under the terms of the loan. Ez 1040 form 2014 A method that results in the double deduction of the same portion of a loan origination fee would not be reasonable. Ez 1040 form 2014 Example. Ez 1040 form 2014 In August 2004, Bill took out a student loan for $16,000 to pay the tuition for his senior year of college. Ez 1040 form 2014 The lender charged a 3% loan origination fee ($480) that was withheld from the funds Bill received. Ez 1040 form 2014 Bill began making payments on his student loan in 2013. Ez 1040 form 2014 Because the loan origination fee was not included in his 2013 Form 1098-E, Bill can use any reasonable method to allocate that fee over the term of the loan. Ez 1040 form 2014 Bill's loan is payable in 120 equal monthly payments. Ez 1040 form 2014 He allocates the $480 fee equally over the total number of payments ($480 ÷ 120 months = $4 per month). Ez 1040 form 2014 Bill made 7 payments in 2013, so he paid $28 ($4 × 7) of interest attributable to the loan origination fee. Ez 1040 form 2014 To determine his student loan interest deduction, he will add the $28 to the amount of other interest reported to him on Form 1098-E. Ez 1040 form 2014 Capitalized interest. Ez 1040 form 2014   This is unpaid interest on a student loan that is added by the lender to the outstanding principal balance of the loan. Ez 1040 form 2014 Capitalized interest is treated as interest for tax purposes and is deductible as payments of principal are made on the loan. Ez 1040 form 2014 No deduction for capitalized interest is allowed in a year in which no loan payments were made. Ez 1040 form 2014 Interest on revolving lines of credit. Ez 1040 form 2014   This interest, which includes interest on credit card debt, is student loan interest if the borrower uses the line of credit (credit card) only to pay qualified education expenses. Ez 1040 form 2014 See Qualified Education Expenses , earlier. Ez 1040 form 2014 Interest on refinanced student loans. Ez 1040 form 2014   This includes interest on both: Consolidated loans—loans used to refinance more than one student loan of the same borrower, and Collapsed loans—two or more loans of the same borrower that are treated by both the lender and the borrower as one loan. Ez 1040 form 2014    If you refinance a qualified student loan for more than your original loan and you use the additional amount for any purpose other than qualified education expenses, you cannot deduct any interest paid on the refinanced loan. Ez 1040 form 2014 Voluntary interest payments. Ez 1040 form 2014   These are payments made on a qualified student loan during a period when interest payments are not required, such as when the borrower has been granted a deferment or the loan has not yet entered repayment status. Ez 1040 form 2014 Example. Ez 1040 form 2014 The payments on Roger's student loan were scheduled to begin in June 2012, 6 months after he graduated from college. Ez 1040 form 2014 He began making payments as required. Ez 1040 form 2014 In September 2013, Roger enrolled in graduate school on a full-time basis. Ez 1040 form 2014 He applied for and was granted deferment of his loan payments while in graduate school. Ez 1040 form 2014 Wanting to pay down his student loan as much as possible, he made loan payments in October and November 2013. Ez 1040 form 2014 Even though these were voluntary (not required) payments, Roger can deduct the interest paid in October and November. Ez 1040 form 2014 Allocating Payments Between Interest and Principal The allocation of payments between interest and principal for tax purposes might not be the same as the allocation shown on the Form 1098-E or other statement you receive from the lender or loan servicer. Ez 1040 form 2014 To make the allocation for tax purposes, a payment generally applies first to stated interest that remains unpaid as of the date the payment is due, second to any loan origination fees allocable to the payment, third to any capitalized interest that remains unpaid as of the date the payment is due, and fourth to the outstanding principal. Ez 1040 form 2014 Example. Ez 1040 form 2014 In August 2012, Peg took out a $10,000 student loan to pay the tuition for her senior year of college. Ez 1040 form 2014 The lender charged a 3% loan origination fee ($300) that was withheld from the funds Peg received. Ez 1040 form 2014 The interest (5% simple) on this loan accrued while she completed her senior year and for 6 months after she graduated. Ez 1040 form 2014 At the end of that period, the lender determined the amount to be repaid by capitalizing all accrued but unpaid interest ($625 interest accrued from August 2012 through October 2013) and adding it to the outstanding principal balance of the loan. Ez 1040 form 2014 The loan is payable over 60 months, with a payment of $200. Ez 1040 form 2014 51 due on the first of each month, beginning November 2013. Ez 1040 form 2014 Peg did not receive a Form 1098-E for 2013 from her lender because the amount of interest she paid did not require the lender to issue an information return. Ez 1040 form 2014 However, she did receive an account statement from the lender that showed the following 2013 payments on her outstanding loan of $10,625 ($10,000 principal + $625 accrued but unpaid interest). Ez 1040 form 2014 Payment Date   Payment   Stated Interest   Principal November 2013   $200. Ez 1040 form 2014 51   $44. Ez 1040 form 2014 27   $156. Ez 1040 form 2014 24 December 2013   $200. Ez 1040 form 2014 51   $43. Ez 1040 form 2014 62   $156. Ez 1040 form 2014 89 Totals   $401. Ez 1040 form 2014 02   $87. Ez 1040 form 2014 89   $313. Ez 1040 form 2014 13 To determine the amount of interest that could be deducted on the loan for 2013, Peg starts with the total amount of stated interest she paid, $87. Ez 1040 form 2014 89. Ez 1040 form 2014 Next, she allocates the loan origination fee over the term of the loan ($300 ÷ 60 months = $5 per month). Ez 1040 form 2014 A total of $10 ($5 of each of the two principal payments) should be treated as interest for tax purposes. Ez 1040 form 2014 Peg then applies the unpaid capitalized interest ($625) to the two principal payments in the order in which they were made, and determines that the remaining amount of principal of both payments is treated as interest for tax purposes. Ez 1040 form 2014 Assuming that Peg qualifies to take the student loan interest deduction, she can deduct $401. Ez 1040 form 2014 02 ($87. Ez 1040 form 2014 89 + $10 + $303. Ez 1040 form 2014 13). Ez 1040 form 2014 For 2014, Peg will continue to allocate $5 of the loan origination fee to the principal portion of each monthly payment she makes and treat that amount as interest for tax purposes. Ez 1040 form 2014 She also will apply the remaining amount of capitalized interest ($625 − $303. Ez 1040 form 2014 13 = $321. Ez 1040 form 2014 87) to the principal payments in the order in which they are made until the balance is zero, and treat those amounts as interest for tax purposes. Ez 1040 form 2014 Do Not Include As Interest You cannot claim a student loan interest deduction for any of the following items. Ez 1040 form 2014 Interest you paid on a loan if, under the terms of the loan, you are not legally obligated to make interest payments. Ez 1040 form 2014 Loan origination fees that are payments for property or services provided by the lender, such as commitment fees or processing costs. Ez 1040 form 2014 Interest you paid on a loan to the extent payments were made through your participation in the National Health Service Corps Loan Repayment Program (the “NHSC Loan Repayment Program”) or certain other loan repayment assistance programs. Ez 1040 form 2014 For more information, see Student Loan Repayment Assistance in chapter 5, Student Loan Cancellations and Repayment Assistance. Ez 1040 form 2014 When Must Interest Be Paid You can deduct all interest you paid during the year on your student loan, including voluntary payments, until the loan is paid off. Ez 1040 form 2014 Can You Claim the Deduction Generally, you can claim the deduction if all of the following requirements are met. Ez 1040 form 2014 Your filing status is any filing status except married filing separately. Ez 1040 form 2014 No one else is claiming an exemption for you on his or her tax return. Ez 1040 form 2014 You are legally obligated to pay interest on a qualified student loan. Ez 1040 form 2014 You paid interest on a qualified student loan. Ez 1040 form 2014 Claiming an exemption for you. Ez 1040 form 2014   Another taxpayer is claiming an exemption for you if he or she lists your name and other required information on his or her Form 1040 (or Form 1040A), line 6c, or Form 1040NR, line 7c. Ez 1040 form 2014 Example 1. Ez 1040 form 2014 During 2013, Josh paid $600 interest on his qualified student loan. Ez 1040 form 2014 Only he is legally obligated to make the payments. Ez 1040 form 2014 No one claimed an exemption for Josh for 2013. Ez 1040 form 2014 Assuming all other requirements are met, Josh can deduct the $600 of interest he paid on his 2013 Form 1040 or 1040A. Ez 1040 form 2014 Example 2. Ez 1040 form 2014 During 2013, Jo paid $1,100 interest on her qualified student loan. Ez 1040 form 2014 Only she is legally obligated to make the payments. Ez 1040 form 2014 Jo's parents claimed an exemption for her on their 2013 tax return. Ez 1040 form 2014 In this case, neither Jo nor her parents may deduct the student loan interest Jo paid in 2013. Ez 1040 form 2014 Interest paid by others. Ez 1040 form 2014   If you are the person legally obligated to make interest payments and someone else makes a payment of interest on your behalf, you are treated as receiving the payments from the other person and, in turn, paying the interest. Ez 1040 form 2014 Example 1. Ez 1040 form 2014 Darla obtained a qualified student loan to attend college. Ez 1040 form 2014 After Darla's graduation from college, she worked as an intern for a nonprofit organization. Ez 1040 form 2014 As part of the internship program, the nonprofit organization made an interest payment on behalf of Darla. Ez 1040 form 2014 This payment was treated as additional compensation and reported in box 1 of her Form W-2. Ez 1040 form 2014 Assuming all other qualifications are met, Darla can deduct this payment of interest on her tax return. Ez 1040 form 2014 Example 2. Ez 1040 form 2014 Ethan obtained a qualified student loan to attend college. Ez 1040 form 2014 After graduating from college, the first monthly payment on his loan was due in December. Ez 1040 form 2014 As a gift, Ethan's mother made this payment for him. Ez 1040 form 2014 No one is claiming a dependency exemption for Ethan on his or her tax return. Ez 1040 form 2014 Assuming all other qualifications are met, Ethan can deduct this payment of interest on his tax return. Ez 1040 form 2014 No Double Benefit Allowed You cannot deduct as interest on a student loan any amount that is an allowable deduction under any other provision of the tax law (for example, as home mortgage interest). Ez 1040 form 2014 Figuring the Deduction Your student loan interest deduction for 2013 is generally the smaller of: $2,500, or The interest you paid in 2013. Ez 1040 form 2014 However, the amount determined above may be gradually reduced (phased out) or eliminated based on your filing status and MAGI as explained below. Ez 1040 form 2014 You can use Worksheet 4-1. Ez 1040 form 2014 Student Loan Interest Deduction Worksheet (at the end of this chapter) to figure both your MAGI and your deduction. Ez 1040 form 2014 Form 1098-E. Ez 1040 form 2014   To help you figure your student loan interest deduction, you should receive Form 1098-E. Ez 1040 form 2014 Generally, an institution (such as a bank or governmental agency) that received interest payments of $600 or more during 2013 on one or more qualified student loans must send Form 1098-E (or acceptable substitute) to each borrower by January 31, 2014. Ez 1040 form 2014   For qualified student loans taken out before September 1, 2004, the institution is required to include on Form 1098-E only payments of stated interest. Ez 1040 form 2014 Other interest payments, such as certain loan origination fees and capitalized interest, may not appear on the form you receive. Ez 1040 form 2014 However, if you pay qualifying interest that is not included on Form 1098-E, you can also deduct those amounts. Ez 1040 form 2014 See Allocating Payments Between Interest and Principal , earlier. Ez 1040 form 2014    The lender may ask for a completed Form W-9S, or similar statement to obtain the borrower's name, address, and taxpayer identification number. Ez 1040 form 2014 The form may also be used by the borrower to certify that the student loan was incurred solely to pay for qualified education expenses. Ez 1040 form 2014 Effect of the Amount of Your Income on the Amount of Your Deduction The amount of your student loan interest deduction is phased out (gradually reduced) if your MAGI is between $60,000 and $75,000 ($125,000 and $155,000 if you file a joint return). Ez 1040 form 2014 You cannot take a student loan interest deduction if your MAGI is $75,000 or more ($155,000 or more if you file a joint return). Ez 1040 form 2014 Modified adjusted gross income (MAGI). Ez 1040 form 2014   For most taxpayers, MAGI is adjusted gross income (AGI) as figured on their federal income tax return before subtracting any deduction for student loan interest. Ez 1040 form 2014 However, as discussed below, there may be other modifications. Ez 1040 form 2014 Table 4-2 shows how the amount of your MAGI can affect your student loan interest deduction. Ez 1040 form 2014 Table 4-2. Ez 1040 form 2014 Effect of MAGI on Student Loan Interest Deduction IF your filing status is. Ez 1040 form 2014 . Ez 1040 form 2014 . Ez 1040 form 2014 AND your MAGI is. Ez 1040 form 2014 . Ez 1040 form 2014 . Ez 1040 form 2014 THEN your student loan interest deduction is. Ez 1040 form 2014 . Ez 1040 form 2014 . Ez 1040 form 2014 single,  head of household, or qualifying widow(er) not more than $60,000 not affected by the phaseout. Ez 1040 form 2014 more than $60,000  but less than $75,000 reduced because of the phaseout. Ez 1040 form 2014 $75,000 or more eliminated by the phaseout. Ez 1040 form 2014 married filing joint return not more than $125,000 not affected by the phaseout. Ez 1040 form 2014 more than $125,000 but less than $155,000 reduced because of the phaseout. Ez 1040 form 2014 $155,000 or more eliminated by the phaseout. Ez 1040 form 2014 MAGI when using Form 1040A. Ez 1040 form 2014   If you file Form 1040A, your MAGI is the AGI on line 22 of that form figured without taking into account any amount on line 18 (student loan interest deduction) and line 19 (tuition and fees deduction). Ez 1040 form 2014 MAGI when using Form 1040. Ez 1040 form 2014   If you file Form 1040, your MAGI is the AGI on line 38 of that form figured without taking into account any amount on line 33 (student loan interest deduction), line 34 (tuition and fees deduction), or line 35 (domestic production activities deduction), and modified by adding back any: Foreign earned income exclusion, Foreign housing exclusion, Foreign housing deduction, Exclusion of income by bona fide residents of American Samoa, and Exclusion of income by bona fide residents of Puerto Rico. Ez 1040 form 2014 MAGI when using Form 1040NR. Ez 1040 form 2014   If you file Form 1040NR, your MAGI is the AGI on line 36 of that form figured without taking into account any amount on line 33 (student loan interest deduction) and line 34 (domestic production activities deduction). Ez 1040 form 2014 MAGI when using Form 1040NR-EZ. Ez 1040 form 2014   If you file Form 1040NR-EZ, your MAGI is the AGI on line 10 of that form figured without taking into account any amount on line 9 (student loan interest deduction). Ez 1040 form 2014 Phaseout. Ez 1040 form 2014   If your MAGI is within the range of incomes where the credit must be reduced, you must figure your reduced deduction. Ez 1040 form 2014 To figure the phaseout, multiply your interest deduction (before the phaseout) by a fraction. Ez 1040 form 2014 The numerator is your MAGI minus $60,000 ($125,000 in the case of a joint return). Ez 1040 form 2014 The denominator is $15,000 ($30,000 in the case of a joint return). Ez 1040 form 2014 Subtract the result from your deduction (before the phaseout) to give you the amount you can deduct. Ez 1040 form 2014 Example 1. Ez 1040 form 2014 During 2013 you paid $800 interest on a qualified student loan. Ez 1040 form 2014 Your 2013 MAGI is $145,000 and you are filing a joint return. Ez 1040 form 2014 You must reduce your deduction by $533, figured as follows. Ez 1040 form 2014   $800 × $145,000 − $125,000  $30,000 = $533   Your reduced student loan interest deduction is $267 ($800 − $533). Ez 1040 form 2014 Example 2. Ez 1040 form 2014 The facts are the same as in Example 1 except that you paid $2,750 interest. Ez 1040 form 2014 Your maximum deduction for 2013 is $2,500. Ez 1040 form 2014 You must reduce your maximum deduction by $1,667, figured as follows. Ez 1040 form 2014   $2,500 × $145,000 − $125,000  $30,000 = $1,667   In this example, your reduced student loan interest deduction is $833 ($2,500 − $1,667). Ez 1040 form 2014 Which Worksheet To Use Generally, you figure the deduction using the Student Loan Interest Deduction Worksheet in the instructions for Form 1040, Form 1040A, or Form 1040NR. Ez 1040 form 2014 However, if you are filing Form 2555, Foreign Earned Income, Form 2555-EZ, Foreign Earned Income Exclusion, or Form 4563, Exclusion of Income for Bona Fide Residents of American Samoa, or you are excluding income from sources within Puerto Rico, you must complete Worksheet 4-1. Ez 1040 form 2014 Student Loan Interest Deduction Worksheet at the end of this chapter. Ez 1040 form 2014 Claiming the Deduction The student loan interest deduction is an adjustment to income. Ez 1040 form 2014 To claim the deduction, enter the allowable amount on line 33 (Form 1040), line 18 (Form 1040A), line 33 (Form 1040NR), or line 9 (Form 1040NR-EZ). Ez 1040 form 2014 Worksheet 4-1. Ez 1040 form 2014 Student Loan Interest Deduction Worksheet Use this worksheet instead of the worksheet in the Form 1040 instructions if you are filing Form 2555, 2555-EZ, or 4563, or you are excluding income from sources within Puerto Rico. Ez 1040 form 2014 Before using this worksheet, you must complete Form 1040, lines 7 through 32, plus any amount to be entered on the dotted line next to line 36. Ez 1040 form 2014 1. Ez 1040 form 2014 Enter the total interest you paid in 2013 on qualified student loans. Ez 1040 form 2014 Do not enter  more than $2,500 1. Ez 1040 form 2014   2. Ez 1040 form 2014 Enter the amount from Form 1040, line 22 2. Ez 1040 form 2014       3. Ez 1040 form 2014 Enter the total of the amounts from Form 1040,  lines 23 through 32 3. Ez 1040 form 2014           4. Ez 1040 form 2014 Enter the total of any amounts entered on the dotted line next to Form 1040, line 36 4. Ez 1040 form 2014           5. Ez 1040 form 2014 Add lines 3 and 4 5. Ez 1040 form 2014       6. Ez 1040 form 2014 Subtract line 5 from line 2 6. Ez 1040 form 2014       7. Ez 1040 form 2014 Enter any foreign earned income exclusion and/or housing  exclusion (Form 2555, line 45, or Form 2555-EZ, line 18) 7. Ez 1040 form 2014       8. Ez 1040 form 2014 Enter any foreign housing deduction (Form 2555, line 50) 8. Ez 1040 form 2014       9. Ez 1040 form 2014 Enter the amount of income from Puerto Rico you are excluding 9. Ez 1040 form 2014       10. Ez 1040 form 2014 Enter the amount of income from American Samoa  you are excluding (Form 4563, line 15) 10. Ez 1040 form 2014       11. Ez 1040 form 2014 Add lines 6 through 10. Ez 1040 form 2014 This is your modified adjusted gross income 11. Ez 1040 form 2014   12. Ez 1040 form 2014 Enter the amount shown below for your filing status 12. Ez 1040 form 2014     •Single, head of household, or qualifying widow(er)—$60,000       •Married filing jointly—$125,000     13. Ez 1040 form 2014 Is the amount on line 11 more than the amount on line 12?       □ No. Ez 1040 form 2014 Skip lines 13 and 14, enter -0- on line 15, and go to line 16. Ez 1040 form 2014       □ Yes. Ez 1040 form 2014 Subtract line 12 from line 11 13. Ez 1040 form 2014   14. Ez 1040 form 2014 Divide line 13 by $15,000 ($30,000 if married filing jointly). Ez 1040 form 2014 Enter the result as a decimal  (rounded to at least three places). Ez 1040 form 2014 If the result is 1. Ez 1040 form 2014 000 or more, enter 1. Ez 1040 form 2014 000 14. Ez 1040 form 2014 . Ez 1040 form 2014 15. Ez 1040 form 2014 Multiply line 1 by line 14 15. Ez 1040 form 2014   16. Ez 1040 form 2014 Student loan interest deduction. Ez 1040 form 2014 Subtract line 15 from line 1. Ez 1040 form 2014 Enter the result here  and on Form 1040, line 33. Ez 1040 form 2014 Do not include this amount in figuring any other  deduction on your return (such as on Schedule A, C, E, etc. Ez 1040 form 2014 ) 16. Ez 1040 form 2014   Prev  Up  Next   Home   More Online Publications