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File federal taxes online free 2012 Publication 529 - Main Content Table of Contents Deductions Subject to the 2% LimitUnreimbursed Employee Expenses Tax Preparation Fees Other Expenses Deductions Not Subject to the 2% LimitList of Deductions Nondeductible ExpensesList of Nondeductible Expenses How To ReportWho can use Form 2106-EZ. File federal taxes online free 2012 Computer used in a home office. File federal taxes online free 2012 Example How To Get Tax HelpLow Income Taxpayer Clinics Deductions Subject to the 2% Limit You can deduct certain expenses as miscellaneous itemized deductions on Schedule A (Form 1040 or Form 1040NR). File federal taxes online free 2012 You can claim the amount of expenses that is more than 2% of your adjusted gross income. File federal taxes online free 2012 You figure your deduction on Schedule A by subtracting 2% of your adjusted gross income from the total amount of these expenses. File federal taxes online free 2012 Your adjusted gross income is the amount on Form 1040, line 38, or Form 1040NR, line 37. File federal taxes online free 2012 Generally, you apply the 2% limit after you apply any other deduction limit. File federal taxes online free 2012 For example, you apply the 50% (or 80%) limit on business-related meals and entertainment (discussed later under Travel, Transportation, Meals, Entertainment, Gifts, and Local Lodging ) before you apply the 2% limit. File federal taxes online free 2012 Deductions subject to the 2% limit are discussed in the following three categories. File federal taxes online free 2012 Unreimbursed employee expenses (Schedule A (Form 1040), line 21 or Schedule A (Form 1040NR), line 7). File federal taxes online free 2012 Tax preparation fees (Schedule A (Form 1040), line 22 or Schedule A (Form 1040NR), line 8). File federal taxes online free 2012 Other expenses (Schedule A (Form 1040), line 23 or Schedule A (Form 1040NR), line 9). File federal taxes online free 2012 Unreimbursed Employee Expenses Generally, the following expenses are deducted on Schedule A (Form 1040), line 21, or Schedule A (Form 1040NR), line 7. File federal taxes online free 2012 You can deduct only 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. File federal taxes online free 2012 An expense is ordinary if it is common and accepted in your trade, business, or profession. File federal taxes online free 2012 An expense is necessary if it is appropriate and helpful to your business. File federal taxes online free 2012 An expense does not have to be required to be considered necessary. File federal taxes online free 2012 You may be able to deduct the following items as unreimbursed employee expenses. File federal taxes online free 2012 Business bad debt of an employee. File federal taxes online free 2012 Business liability insurance premiums. File federal taxes online free 2012 Damages paid to a former employer for breach of an employment contract. File federal taxes online free 2012 Depreciation on a computer your employer requires you to use in your work. File federal taxes online free 2012 Dues to a chamber of commerce if membership helps you do your job. File federal taxes online free 2012 Dues to professional societies. File federal taxes online free 2012 Educator expenses. File federal taxes online free 2012 Home office or part of your home used regularly and exclusively in your work. File federal taxes online free 2012 Job search expenses in your present occupation. File federal taxes online free 2012 Laboratory breakage fees. File federal taxes online free 2012 Legal fees related to your job. File federal taxes online free 2012 Licenses and regulatory fees. File federal taxes online free 2012 Malpractice insurance premiums. File federal taxes online free 2012 Medical examinations required by an employer. File federal taxes online free 2012 Occupational taxes. File federal taxes online free 2012 Passport for a business trip. File federal taxes online free 2012 Repayment of an income aid payment received under an employer's plan. File federal taxes online free 2012 Research expenses of a college professor. File federal taxes online free 2012 Rural mail carriers' vehicle expenses. File federal taxes online free 2012 Subscriptions to professional journals and trade magazines related to your work. File federal taxes online free 2012 Tools and supplies used in your work. File federal taxes online free 2012 Travel, transportation, meals, entertainment, gifts, and local lodging related to your work. File federal taxes online free 2012 Union dues and expenses. File federal taxes online free 2012 Work clothes and uniforms if required and not suitable for everyday use. File federal taxes online free 2012 Work-related education. File federal taxes online free 2012 Business Bad Debt A business bad debt is a loss from a debt created or acquired in your trade or business. File federal taxes online free 2012 Any other worthless debt is a business bad debt only if there is a very close relationship between the debt and your trade or business when the debt becomes worthless. File federal taxes online free 2012 A debt has a very close relationship to your trade or business of being an employee if your main motive for incurring the debt is a business reason. File federal taxes online free 2012 Example. File federal taxes online free 2012 You make a bona fide loan to the corporation you work for. File federal taxes online free 2012 It fails to pay you back. File federal taxes online free 2012 You had to make the loan in order to keep your job. File federal taxes online free 2012 You have a business bad debt as an employee. File federal taxes online free 2012 More information. File federal taxes online free 2012   For more information on business bad debts, see chapter 10 in Publication 535. File federal taxes online free 2012 For information on nonbusiness bad debts, see chapter 4 in Publication 550, Investment Income and Expenses. File federal taxes online free 2012 Business Liability Insurance You can deduct insurance premiums you paid for protection against personal liability for wrongful acts on the job. File federal taxes online free 2012 Damages for Breach of Employment Contract If you break an employment contract, you can deduct damages you pay your former employer if the damages are attributable to the pay you received from that employer. File federal taxes online free 2012 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. File federal taxes online free 2012 For the convenience of your employer. File federal taxes online free 2012   This means that your use of the computer is for a substantial business reason of your employer. File federal taxes online free 2012 You must consider all facts in making this determination. File federal taxes online free 2012 Use of your computer during your regular working hours to carry on your employer's business is generally for the convenience of your employer. File federal taxes online free 2012 Required as a condition of your employment. File federal taxes online free 2012   This means that you cannot properly perform your duties without the computer. File federal taxes online free 2012 Whether you can properly perform your duties without it depends on all the facts and circumstances. File federal taxes online free 2012 It is not necessary that your employer explicitly requires you to use your computer. File federal taxes online free 2012 But neither is it enough that your employer merely states that your use of the item is a condition of your employment. File federal taxes online free 2012 Example. File federal taxes online free 2012 You are an engineer with an engineering firm. File federal taxes online free 2012 You occasionally take work home at night rather than work late at the office. File federal taxes online free 2012 You own and use a computer that is similar to the one you use at the office to complete your work at home. File federal taxes online free 2012 Since your use of the computer is not for the convenience of your employer and is not required as a condition of your employment, you cannot claim a depreciation deduction for it. File federal taxes online free 2012 Which depreciation method to use. File federal taxes online free 2012   The depreciation method you use depends on whether you meet the more-than-50%-use test. File federal taxes online free 2012 More-than-50%-use test met. File federal taxes online free 2012   You meet this test if you use the computer more than 50% in your work. File federal taxes online free 2012 If you meet this test, you can claim accelerated depreciation under the General Depreciation System (GDS). File federal taxes online free 2012 In addition, you may be able to take the section 179 deduction for the year you place the item in service. File federal taxes online free 2012 More-than-50%-use test not met. File federal taxes online free 2012   If you do not meet the more-than-50%-use test, you are limited to the straight line method of depreciation under the Alternative Depreciation System (ADS). File federal taxes online free 2012 You also cannot claim the section 179 deduction. File federal taxes online free 2012 (But if you use your computer in a home office, see the exception below. File federal taxes online free 2012 ) Investment use. File federal taxes online free 2012   Your use of a computer in connection with investments (described later under Other Expenses ) does not count as use in your work. File federal taxes online free 2012 However, you can combine your investment use with your work use in figuring your depreciation deduction. File federal taxes online free 2012 Exception for computer used in a home office. File federal taxes online free 2012   The more-than-50%-use test does not apply to a computer used only in a part of your home that meets the requirements described later under Home Office . File federal taxes online free 2012 You can claim accelerated depreciation using GDS for a computer used in a qualifying home office, even if you do not use it more than 50% in your work. File federal taxes online free 2012 You also may be able to take a section 179 deduction for the year you place the computer in service. File federal taxes online free 2012 See Computer used in a home office under How To Report, later. File federal taxes online free 2012 More information. File federal taxes online free 2012   For more information on depreciation and the section 179 deduction for computers and other items used in a home office, see Business Furniture and Equipment in Publication 587. File federal taxes online free 2012 Publication 946 has detailed information about the section 179 deduction and depreciation deductions using GDS and ADS. File federal taxes online free 2012 Reporting your depreciation deduction. File federal taxes online free 2012    See How To Report, later, for information about reporting a deduction for depreciation. File federal taxes online free 2012 You must keep records to prove your percentage of business and investment use. File federal taxes online free 2012 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. File federal taxes online free 2012 Similar organizations include: Boards of trade, Business leagues, Civic or public service organizations, Real estate boards, and Trade associations. File federal taxes online free 2012 Lobbying and political activities. File federal taxes online free 2012    You may not be able to deduct that part of your dues that is for certain lobbying and political activities. File federal taxes online free 2012 See Lobbying Expenses under Nondeductible Expenses, later. File federal taxes online free 2012 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. File federal taxes online free 2012 If you file Form 1040A, you can deduct these expenses on line 16. File federal taxes online free 2012 If you and your spouse are filing jointly and both of you were eligible educators, the maximum deduction is $500. File federal taxes online free 2012 However, neither spouse can deduct more than $250 of his or her qualified expenses. File federal taxes online free 2012 Eligible educator. File federal taxes online free 2012   An eligible educator is a kindergarten through grade 12 teacher, instructor, counselor, principal, or aide in school for at least 900 hours during a school year. File federal taxes online free 2012 Qualified expenses. File federal taxes online free 2012   Qualified expenses include ordinary and necessary expenses paid in connection with books, supplies, equipment (including computer equipment, software, and services), and other materials used in the classroom. File federal taxes online free 2012 An ordinary expense is one that is common and accepted in your educational field. File federal taxes online free 2012 A necessary expense is one that is helpful and appropriate for your profession as an educator. File federal taxes online free 2012 An expense does not have to be required to be considered necessary. File federal taxes online free 2012   Qualified expenses do not include expenses for home schooling or for nonathletic supplies for courses in health or physical education. File federal taxes online free 2012 You must reduce your qualified expenses by the following amounts. File federal taxes online free 2012 Excludable U. File federal taxes online free 2012 S. File federal taxes online free 2012 series EE and I savings bond interest from Form 8815. File federal taxes online free 2012 Nontaxable qualified state tuition program earnings. File federal taxes online free 2012 Nontaxable earnings from Coverdell education savings accounts. File federal taxes online free 2012 Any reimbursements you received for those expenses that were not reported to you on your Form W-2, box 1. File federal taxes online free 2012 Educator expenses over limit. File federal taxes online free 2012   If you were an educator in 2013 and you had qualified expenses that you cannot take as an adjustment to gross income, you can deduct the rest as an itemized deduction subject to the 2% limit. File federal taxes online free 2012 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. File federal taxes online free 2012 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. File federal taxes online free 2012 The regular and exclusive business use must be for the convenience of your employer and not just appropriate and helpful in your job. File federal taxes online free 2012 Principal place of business. File federal taxes online free 2012   If you have more than one place of business, the business part of your home is your principal place of business if: You use it regularly and exclusively for administrative or management activities of your trade or business, and You have no other fixed location where you conduct substantial administrative or management activities of your trade or business. File federal taxes online free 2012   Otherwise, the location of your principal place of business generally depends on the relative importance of the activities performed at each location and the time spent at each location. File federal taxes online free 2012 You should keep records that will give the information needed to figure the deduction according to these rules. File federal taxes online free 2012 Also keep canceled checks, substitute checks, or account statements and receipts of the expenses paid to prove the deductions you claim. File federal taxes online free 2012 More information. File federal taxes online free 2012   See Publication 587 for more detailed information and a worksheet for figuring the deduction. File federal taxes online free 2012 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. File federal taxes online free 2012 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. File federal taxes online free 2012 Employment and outplacement agency fees. File federal taxes online free 2012    You can deduct employment and outplacement agency fees you pay in looking for a new job in your present occupation. File federal taxes online free 2012 Employer pays you back. File federal taxes online free 2012   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. File federal taxes online free 2012 See Recoveries in Publication 525. File federal taxes online free 2012 Employer pays the employment agency. File federal taxes online free 2012   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. File federal taxes online free 2012 Résumé. File federal taxes online free 2012   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. File federal taxes online free 2012 Travel and transportation expenses. File federal taxes online free 2012   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. File federal taxes online free 2012 You can deduct the travel expenses if the trip is primarily to look for a new job. File federal taxes online free 2012 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. File federal taxes online free 2012   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. File federal taxes online free 2012    You can choose to use the standard mileage rate to figure your car expenses. File federal taxes online free 2012 The 2013 rate for business use of a vehicle is 56½ cents per mile. File federal taxes online free 2012 See Publication 463 for more information on travel and car expenses. File federal taxes online free 2012 Legal Fees You can deduct legal fees related to doing or keeping your job. File federal taxes online free 2012 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. File federal taxes online free 2012 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. File federal taxes online free 2012 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. File federal taxes online free 2012 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. File federal taxes online free 2012 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. File federal taxes online free 2012 Research Expenses of a College Professor If you are a college professor, you can deduct your research expenses, including travel expenses, for teaching, lecturing, or writing and publishing on subjects that relate directly to your teaching duties. File federal taxes online free 2012 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. File federal taxes online free 2012 However, you cannot deduct the cost of travel as a form of education. File federal taxes online free 2012 Rural Mail Carriers' Vehicle Expenses If your expenses to use a vehicle in performing services as a rural mail carrier are more than the amount of your reimbursements, you can deduct the unreimbursed expenses. File federal taxes online free 2012 See chapter 4 of Publication 463 for more information. File federal taxes online free 2012 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. File federal taxes online free 2012 You can depreciate the cost of tools that have a useful life substantially beyond the tax year. File federal taxes online free 2012 For more information about depreciation, see Publication 946. File federal taxes online free 2012 Travel, Transportation, Meals, Entertainment, Gifts, and Local Lodging If you are an employee and have ordinary and necessary business-related expenses for travel away from home, local transportation, entertainment, and gifts, you may be able to deduct these expenses. File federal taxes online free 2012 Generally, you must file Form 2106 or Form 2106-EZ to claim these expenses. File federal taxes online free 2012 Travel expenses. File federal taxes online free 2012   Travel expenses are those incurred while traveling away from home for your employer. File federal taxes online free 2012 You can deduct travel expenses paid or incurred in connection with a temporary work assignment. File federal taxes online free 2012 Generally, you cannot deduct travel expenses paid or incurred in connection with an indefinite work assignment. File federal taxes online free 2012   Travel expenses may include: The cost of getting to and from your business destination (air, rail, bus, car, etc. File federal taxes online free 2012 ), Meals and lodging while away from home, Taxi fares, Baggage charges, and Cleaning and laundry expenses. File federal taxes online free 2012   Travel expenses are discussed more fully in chapter 1 of Publication 463. File federal taxes online free 2012 Temporary work assignment. File federal taxes online free 2012    If your assignment or job away from home in a single location is realistically expected to last (and does in fact last) for 1 year or less, it is temporary, unless there are facts and circumstances that indicate it is not. File federal taxes online free 2012 Indefinite work assignment. File federal taxes online free 2012   If your assignment or job away from home in a single location is realistically expected to last for more than 1 year, it is indefinite, whether or not it actually lasts for more than 1 year. File federal taxes online free 2012 If your assignment or job away from home in a single location is realistically expected to last for 1 year or less, but at some later date it is realistically expected to exceed 1 year, it will be treated as temporary (in the absence of facts and circumstances indicating otherwise) until the date that your realistic expectation changes, and it will be treated as indefinite after that date. File federal taxes online free 2012 Federal crime investigation and prosecution. File federal taxes online free 2012   If you are a federal employee participating in a federal crime investigation or prosecution, you are not subject to the 1-year rule for deducting temporary travel expenses. File federal taxes online free 2012 This means that you may be able to deduct travel expenses even if you are away from your tax home for more than 1 year. File federal taxes online free 2012   To qualify, the Attorney General must certify that you are traveling: For the Federal Government, In a temporary duty status, and To investigate, prosecute, or provide support services for the investigation or prosecution of a federal crime. File federal taxes online free 2012 Armed Forces reservists traveling more than 100 miles from home. File federal taxes online free 2012   If you are a member of a reserve component of the Armed Forces of the United States and you travel more than 100 miles away from home in connection with your performance of services as a member of the reserves, you can deduct some of your travel expenses as an adjustment to gross income rather than as a miscellaneous itemized deduction. File federal taxes online free 2012 The amount of expenses you can deduct as an adjustment to gross income is limited to the regular federal per diem rate (for lodging, meals, and incidental expenses) and the standard mileage rate (for car expenses) plus any parking fees, ferry fees, and tolls. File federal taxes online free 2012 The balance, if any, is reported on Schedule A. File federal taxes online free 2012   You are a member of a reserve component of the Armed Forces of the United States if you are in the Army, Naval, Marine Corps, Air Force, Coast Guard Reserve, the Army National Guard of the United States, the Air National Guard of the United States, or the Reserve Corps of the Public Health Service. File federal taxes online free 2012   For more information on travel expenses, see Publication 463. File federal taxes online free 2012 Local transportation expenses. File federal taxes online free 2012   Local transportation expenses are the expenses of getting from one workplace to another when you are not traveling away from home. File federal taxes online free 2012 They include the cost of transportation by air, rail, bus, taxi, and the cost of using your car. File federal taxes online free 2012   You can choose to use the standard mileage rate to figure your car expenses. File federal taxes online free 2012 The 2013 rate for business use of a vehicle is 56½ cents per mile. File federal taxes online free 2012    In general, the costs of commuting between your residence and your place of business are nondeductible. File federal taxes online free 2012 Work at two places in a day. File federal taxes online free 2012   If you work at two places in a day, whether or not for the same employer, you can generally deduct the expenses of getting from one workplace to the other. File federal taxes online free 2012 Temporary work location. File federal taxes online free 2012   You can deduct expenses incurred in going between your home and a temporary work location if at least one of the following applies. File federal taxes online free 2012 The work location is outside the metropolitan area where you live and normally work. File federal taxes online free 2012 You have at least one regular work location (other than your home) for the same trade or business. File federal taxes online free 2012 (If this applies, the distance between your home and the temporary work location does not matter. File federal taxes online free 2012 )   For this purpose, a work location is generally considered temporary if your work there is realistically expected to last (and does in fact last) for 1 year or less. File federal taxes online free 2012 It is not temporary if your work there is realistically expected to last for more than 1 year, even if it actually lasts for 1 year or less. File federal taxes online free 2012 If your work there initially is realistically expected to last for 1 year or less, but later is realistically expected to last for more than 1 year, the work location is generally considered temporary until the date your realistic expectation changes and not temporary after that date. File federal taxes online free 2012 For more information, see chapter 1 of Publication 463. File federal taxes online free 2012 Home office. File federal taxes online free 2012   You can deduct expenses incurred in going between your home and a workplace if your home is your principal place of business for the same trade or business. File federal taxes online free 2012 (In this situation, whether the other workplace is temporary or regular and its distance from your home do not matter. File federal taxes online free 2012 ) See Home Office , earlier, for a discussion on the use of your home as your principal place of business. File federal taxes online free 2012 Meals and entertainment. File federal taxes online free 2012   Generally, you can deduct entertainment expenses (including entertainment-related meals) only if they are directly related to the active conduct of your trade or business. File federal taxes online free 2012 However, the expense only needs to be associated with the active conduct of your trade or business if it directly precedes or follows a substantial and bona fide business-related discussion. File federal taxes online free 2012   You can deduct only 50% of your business-related meal and entertainment expenses unless the expenses meet certain exceptions. File federal taxes online free 2012 You apply this 50% limit before you apply the 2%-of-adjusted-gross-income limit. File federal taxes online free 2012 Meals when subject to “hours of service” limits. File federal taxes online free 2012   You can deduct 80% of your business-related meal expenses if you consume the meals during or incident to any period subject to the Department of Transportation's “hours of service” limits. File federal taxes online free 2012 You apply this 80% limit before you apply the 2%-of-adjusted-gross-income limit. File federal taxes online free 2012 Gift expenses. File federal taxes online free 2012   You can generally deduct up to $25 of business gifts you give to any one individual during the year. File federal taxes online free 2012 The following items do not count toward the $25 limit. File federal taxes online free 2012 Identical, widely distributed items costing $4 or less that have your name clearly and permanently imprinted. File federal taxes online free 2012 Signs, racks, and promotional materials to be displayed on the business premises of the recipient. File federal taxes online free 2012 Local lodging. File federal taxes online free 2012   If your employer provides or requires you to obtain lodging while you are not traveling away from home, you can deduct the cost of the lodging if it is: on a temporary basis, necessary for you to participate in or be available for a business meeting or employer function, and the costs are ordinary and necessary, but not lavish or extravagant. File federal taxes online free 2012   If your employer provides the lodging or reimburses you for the cost of the lodging, you can deduct the cost only if the value or the reimbursement is included in your gross income because it is reported as wages on your Form W-2. File federal taxes online free 2012 Additional information. File federal taxes online free 2012    See Publication 463 for more information on travel, transportation, meal, entertainment, and gift expenses, and reimbursements for these expenses. File federal taxes online free 2012 Union Dues and Expenses You can deduct dues and initiation fees you pay for union membership. File federal taxes online free 2012 You can also deduct assessments for benefit payments to unemployed union members. File federal taxes online free 2012 However, you cannot deduct the part of the assessments or contributions that provides funds for the payment of sick, accident, or death benefits. File federal taxes online free 2012 Also, you cannot deduct contributions to a pension fund even if the union requires you to make the contributions. File federal taxes online free 2012 You may not be able to deduct amounts you pay to the union that are related to certain lobbying and political activities. File federal taxes online free 2012 See Lobbying Expenses under Nondeductible Expenses, later. File federal taxes online free 2012 Work Clothes and Uniforms You can deduct the cost and upkeep of work clothes if the following two requirements are met. File federal taxes online free 2012 You must wear them as a condition of your employment. File federal taxes online free 2012 The clothes are not suitable for everyday wear. File federal taxes online free 2012 It is not enough that you wear distinctive clothing. File federal taxes online free 2012 The clothing must be specifically required by your employer. File federal taxes online free 2012 Nor is it enough that you do not, in fact, wear your work clothes away from work. File federal taxes online free 2012 The clothing must not be suitable for taking the place of your regular clothing. File federal taxes online free 2012 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. File federal taxes online free 2012 ). File federal taxes online free 2012 Musicians and entertainers can deduct the cost of theatrical clothing and accessories that are not suitable for everyday wear. File federal taxes online free 2012 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. File federal taxes online free 2012 Similarly, the costs of buying and maintaining blue work clothes worn by a welder at the request of a foreman are not deductible. File federal taxes online free 2012 Protective clothing. File federal taxes online free 2012   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. File federal taxes online free 2012   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. File federal taxes online free 2012 Military uniforms. File federal taxes online free 2012   You generally cannot deduct the cost of your uniforms if you are on full-time active duty in the armed forces. File federal taxes online free 2012 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. File federal taxes online free 2012 In figuring the deduction, you must reduce the cost by any nontaxable allowance you receive for these expenses. File federal taxes online free 2012   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. File federal taxes online free 2012   If you are a student at an armed forces academy, you cannot deduct the cost of your uniforms if they replace regular clothing. File federal taxes online free 2012 However, you can deduct the cost of insignia, shoulder boards, and related items. File federal taxes online free 2012    You can deduct the cost of your uniforms if you are a civilian faculty or staff member of a military school. File federal taxes online free 2012 Work-Related Education You can deduct expenses you have for education, even if the education may lead to a degree, if the education meets at least one of the following two tests. File federal taxes online free 2012 It maintains or improves skills required in your present work. File federal taxes online free 2012 It is required by your employer or the law to keep your salary, status, or job, and the requirement serves a business purpose of your employer. File federal taxes online free 2012 You cannot deduct expenses you have for education, even though one or both of the preceding tests are met, if the education: Is needed to meet the minimum educational requirements to qualify you in your trade or business, or Is part of a program of study that will lead to qualifying you in a new trade or business. File federal taxes online free 2012 If your education qualifies, you can deduct expenses for tuition, books, supplies, laboratory fees, and similar items, and certain transportation costs. File federal taxes online free 2012 If the education qualifies you for a new trade or business, you cannot deduct the educational expenses even if you do not intend to enter that trade or business. File federal taxes online free 2012 Travel as education. File federal taxes online free 2012   You cannot deduct the cost of travel that in itself constitutes a form of education. File federal taxes online free 2012 For example, a French teacher who travels to France to maintain general familiarity with the French language and culture cannot deduct the cost of the trip as an educational expense. File federal taxes online free 2012 More information. File federal taxes online free 2012    See Publication 970, Tax Benefits for Education, for a complete discussion of the deduction for work-related education expenses. File federal taxes online free 2012 Education Expenses During Unemployment If you stop working for a year or less in order to get education in order to maintain or improve skills needed in your present work and then return to the same general type of work, your absence is considered temporary. File federal taxes online free 2012 Education that you get during a temporary absence is qualifying work-related education if it maintains or improves skills needed in your present work. File federal taxes online free 2012 Tax Preparation Fees You can usually deduct tax preparation fees on the return for the year in which you pay them. File federal taxes online free 2012 Thus, on your 2013 return, you can deduct fees paid in 2013 for preparing your 2012 return. File federal taxes online free 2012 These fees include the cost of tax preparation software programs and tax publications. File federal taxes online free 2012 They also include any fee you paid for electronic filing of your return. File federal taxes online free 2012 See Tax preparation fees under How To Report, later. File federal taxes online free 2012 Other Expenses You can deduct certain other expenses as miscellaneous itemized deductions subject to the 2%-of-adjusted-gross-income limit. File federal taxes online free 2012 On Schedule A (Form 1040), line 23, or Schedule A (Form 1040NR), line 9, you can deduct the ordinary and necessary 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. File federal taxes online free 2012 You can deduct expenses you pay for the purposes in (1) and (2) above only if they are reasonable and closely related to these purposes. File federal taxes online free 2012 These other expenses include the following items. File federal taxes online free 2012 Appraisal fees for a casualty loss or charitable contribution. File federal taxes online free 2012 Casualty and theft losses from property used in performing services as an employee. File federal taxes online free 2012 Clerical help and office rent in caring for investments. File federal taxes online free 2012 Depreciation on home computers used for investments. File federal taxes online free 2012 Excess deductions (including administrative expenses) allowed a beneficiary on termination of an estate or trust. File federal taxes online free 2012 Fees to collect interest and dividends. File federal taxes online free 2012 Hobby expenses, but generally not more than hobby income. File federal taxes online free 2012 Indirect miscellaneous deductions from pass-through entities. File federal taxes online free 2012 Investment fees and expenses. File federal taxes online free 2012 Legal fees related to producing or collecting taxable income or getting tax advice. File federal taxes online free 2012 Loss on deposits in an insolvent or bankrupt financial institution. File federal taxes online free 2012 Loss on traditional IRAs or Roth IRAs, when all amounts have been distributed to you. File federal taxes online free 2012 Repayments of income. File federal taxes online free 2012 Repayments of social security benefits. File federal taxes online free 2012 Safe deposit box rental, except for storing jewelry and other personal effects. File federal taxes online free 2012 Service charges on dividend reinvestment plans. File federal taxes online free 2012 Tax advice fees. File federal taxes online free 2012 Trustee's fees for your IRA, if separately billed and paid. File federal taxes online free 2012 If the expenses you pay produce income that is only partially taxable, see Tax-Exempt Income Expenses, later, under Nondeductible Expenses. File federal taxes online free 2012 Appraisal Fees You can deduct appraisal fees if you pay them to figure a casualty loss or the fair market value of donated property. File federal taxes online free 2012 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. File federal taxes online free 2012 First report the loss in Section B of Form 4684, Casualties and Thefts. File federal taxes online free 2012 You may also have to include the loss on Form 4797, Sales of Business Property, if you are otherwise required to file that form. File federal taxes online free 2012 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. File federal taxes online free 2012 For more information on casualty and theft losses, see Publication 547, Casualties, Disasters, and Thefts. File federal taxes online free 2012 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. File federal taxes online free 2012 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. File federal taxes online free 2012 The fees are deductible on the return for the year in which you paid them. File federal taxes online free 2012 For example, fees charged to payments made in 2013 can be claimed on the 2013 tax return. File federal taxes online free 2012 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). File federal taxes online free 2012 You generally must depreciate the computer using the straight line method over the Alternative Depreciation System (ADS) recovery period. File federal taxes online free 2012 But if you work as an employee and also use the computer in that work, see Depreciation on Computers under Unreimbursed Employee Expenses, earlier. File federal taxes online free 2012 For more information on depreciation, see Publication 946. File federal taxes online free 2012 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. File federal taxes online free 2012 Do not include deductions for the estate's personal exemption and charitable contributions when figuring the estate's total deductions. File federal taxes online free 2012 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. File federal taxes online free 2012 For more information, see Termination of Estate in Publication 559, Survivors, Executors, and Administrators. File federal taxes online free 2012 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. File federal taxes online free 2012 But you cannot deduct a fee you pay to a broker to buy investment property, such as stocks or bonds. File federal taxes online free 2012 You must add the fee to the cost of the property. File federal taxes online free 2012 You cannot deduct the fee you pay to a broker to sell securities. File federal taxes online free 2012 You can use the fee only to figure gain or loss from the sale. File federal taxes online free 2012 See the instructions for Schedule D (Form 1040) for information on how to report the fee. File federal taxes online free 2012 Hobby Expenses You can generally deduct hobby expenses, but only up to the amount of hobby income. File federal taxes online free 2012 A hobby is not a business because it is not carried on to make a profit. File federal taxes online free 2012 See Not-for-Profit Activities in chapter 1 of Publication 535. File federal taxes online free 2012 Indirect Deductions of Pass-Through Entities Pass-through entities include partnerships, S corporations, and mutual funds that are not publicly offered. File federal taxes online free 2012 Deductions of pass-through entities are passed through to the partners or shareholders. File federal taxes online free 2012 The partners or shareholders can deduct their share of passed-through deductions for investment expenses as miscellaneous itemized deductions subject to the 2% limit. File federal taxes online free 2012 Example. File federal taxes online free 2012 You are a member of an investment club that is formed solely to invest in securities. File federal taxes online free 2012 The club is treated as a partnership. File federal taxes online free 2012 The partnership's income is solely from taxable dividends, interest, and gains from sales of securities. File federal taxes online free 2012 In this case, you can deduct your share of the partnership's operating expenses as miscellaneous itemized deductions subject to the 2% limit. File federal taxes online free 2012 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. File federal taxes online free 2012 Publicly offered mutual funds. File federal taxes online free 2012   Publicly offered mutual funds do not pass deductions for investment expenses through to shareholders. File federal taxes online free 2012 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. File federal taxes online free 2012   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). File federal taxes online free 2012 This net figure is the amount you report on your return as income. File federal taxes online free 2012 You cannot further deduct investment expenses related to publicly offered mutual funds because they are already included as part of the net income amount. File federal taxes online free 2012 Information returns. File federal taxes online free 2012   You should receive information returns from pass-through entities. File federal taxes online free 2012 Partnerships and S corporations. File federal taxes online free 2012   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. File federal taxes online free 2012 Nonpublicly offered mutual funds. File federal taxes online free 2012   These funds will send you a Form 1099-DIV, or a substitute form, showing your share of gross income and investment expenses. File federal taxes online free 2012 You can claim the expenses only as a miscellaneous itemized deduction subject to the 2% limit. File federal taxes online free 2012 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. File federal taxes online free 2012 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. File federal taxes online free 2012 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. File federal taxes online free 2012 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. File federal taxes online free 2012 You deduct expenses of resolving nonbusiness tax issues on Schedule A (Form 1040 or Form 1040NR). File federal taxes online free 2012 See Tax Preparation Fees, earlier. File federal taxes online free 2012 Unlawful discrimination claims. File federal taxes online free 2012   You may be able to deduct, as an adjustment to income on Form 1040, line 36, or Form 1040NR, line 35, rather than as a miscellaneous itemized deduction, attorney fees and court costs for actions settled or decided after October 22, 2004, involving a claim of unlawful discrimination, a claim against the U. File federal taxes online free 2012 S. File federal taxes online free 2012 Government, or a claim made under section 1862(b)(3)(A) of the Social Security Act. File federal taxes online free 2012 However, the amount you can deduct on Form 1040, line 36, or Form 1040NR, line 35, is limited to the amount of the judgment or settlement you are including in income for the tax year. File federal taxes online free 2012 See Publication 525 for more information. File federal taxes online free 2012 Loss on Deposits A loss on deposits can occur when a bank, credit union, or other financial institution becomes insolvent or bankrupt. File federal taxes online free 2012 If you can reasonably estimate the amount of your loss on money you have on deposit in a financial institution that becomes insolvent or bankrupt, you can generally choose to deduct it in the current year even though its exact amount has not been finally determined. File federal taxes online free 2012 If elected, the casualty loss is subject to certain deduction limitations. File federal taxes online free 2012 The election is made on Form 4684. File federal taxes online free 2012 Once you make this choice, you cannot change it without IRS approval. File federal taxes online free 2012 If none of the deposit is federally insured, you can deduct the loss in either of the following ways. File federal taxes online free 2012 As an ordinary loss (as a miscellaneous itemized deduction subject to the 2% limit). File federal taxes online free 2012 Write the name of the financial institution and “Insolvent Financial Institution” beside the amount on Schedule A (Form 1040), line 23, or Schedule A (Form 1040NR), line 9. File federal taxes online free 2012 This deduction is limited to $20,000 ($10,000 if you are married filing separately) for each financial institution, reduced by any expected state insurance proceeds. File federal taxes online free 2012 As a casualty loss. File federal taxes online free 2012 Report it on Form 4684 first and then on Schedule A (Form 1040). File federal taxes online free 2012 See Publication 547 for details. File federal taxes online free 2012 As a nonbusiness bad debt. File federal taxes online free 2012 Report it on Schedule D (Form 1040). File federal taxes online free 2012 If any part of the deposit is federally insured, you can deduct the loss only as a casualty loss. File federal taxes online free 2012 Exception. File federal taxes online free 2012   You cannot make this choice if you are a 1%-or-more-owner or an officer of the financial institution, or are related to such owner or officer. File federal taxes online free 2012 For a definition of “related,” see Deposit in Insolvent or Bankrupt Financial Institution in chapter 4 of Publication 550. File federal taxes online free 2012 Actual loss different from estimated loss. File federal taxes online free 2012   If you make this choice and your actual loss is less than your estimated loss, you must include the excess in income. File federal taxes online free 2012 See Recoveries in Publication 525. File federal taxes online free 2012 If your actual loss is more than your estimated loss, treat the excess loss as explained under Choice not made, next. File federal taxes online free 2012 Choice not made. File federal taxes online free 2012   If you do not make this choice (or if you have an excess actual loss after choosing to deduct your estimated loss), treat your loss (or excess loss) as a nonbusiness bad debt (deductible as a short-term capital loss) in the year its amount is finally determined. File federal taxes online free 2012 See Nonbusiness Bad Debts in chapter 4 of Publication 550. File federal taxes online free 2012 Loss on IRA If you have a loss on your traditional IRA (or Roth IRA) investment, you can deduct the loss as a miscellaneous itemized deduction subject to the 2% limit, but only when all the amounts in all your traditional IRA (or Roth IRA) accounts have been distributed to you and the total distributions are less than your unrecovered basis. File federal taxes online free 2012 For more information, see Publication 590, Individual Retirement Arrangements (IRAs). File federal taxes online free 2012 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. File federal taxes online free 2012 If the amount you had to repay was ordinary income of $3,000 or less, the deduction is subject to the 2% limit. File federal taxes online free 2012 If it was more than $3,000, see Repayments Under Claim of Right under Deductions Not Subject to the 2% Limit, later. File federal taxes online free 2012 Repayments of Social Security Benefits If the total of the amounts in box 5 (net benefits for 2013) of all your Forms SSA-1099, Social Security Benefit Statement, and Forms RRB-1099, Payments By the Railroad Retirement Board, is a negative figure (a figure in parentheses), you may be able to take a miscellaneous itemized deduction subject to the 2% limit. File federal taxes online free 2012 The amount you can deduct is the part of the negative figure that represents an amount you included in gross income in an earlier year. File federal taxes online free 2012 The amount in box 5 of Form SSA-1099 or RRB-1099 is the net amount of your benefits for the year. File federal taxes online free 2012 It will be a negative figure if the amount of benefits you repaid in 2013 (box 4) is more than the gross amount of benefits paid to you in 2013 (box 3). File federal taxes online free 2012 If the deduction is more than $3,000, you will have to use a special computation to figure your tax. File federal taxes online free 2012 See Publication 915, Social Security and Equivalent Railroad Retirement Benefits, for additional information. File federal taxes online free 2012 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. File federal taxes online free 2012 You cannot deduct the rent if you use the box only for jewelry, other personal items, or tax-exempt securities. File federal taxes online free 2012 Service Charges on Dividend Reinvestment Plans You can deduct service charges you pay as a subscriber in a dividend reinvestment plan. File federal taxes online free 2012 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. File federal taxes online free 2012 Trustee's Administrative Fees for IRA Trustee's administrative fees that are billed separately and paid by you in connection with your IRA are deductible (if they are ordinary and necessary) as a miscellaneous itemized deduction subject to the 2% limit. File federal taxes online free 2012 Deductions Not Subject to the 2% Limit You can deduct the items listed below as miscellaneous itemized deductions. File federal taxes online free 2012 They are not subject to the 2% limit. File federal taxes online free 2012 Report these items on Schedule A (Form 1040), line 28, or Schedule A (Form 1040NR), line 14. File federal taxes online free 2012 List of Deductions Amortizable premium on taxable bonds. File federal taxes online free 2012 Casualty and theft losses from income-producing property. File federal taxes online free 2012 Federal estate tax on income in respect of a decedent. File federal taxes online free 2012 Gambling losses up to the amount of gambling winnings. File federal taxes online free 2012 Impairment-related work expenses of persons with disabilities. File federal taxes online free 2012 Loss from other activities from Schedule K-1 (Form 1065-B), box 2. File federal taxes online free 2012 Losses from Ponzi-type investment schemes. File federal taxes online free 2012 Repayments of more than $3,000 under a claim of right. File federal taxes online free 2012 Unrecovered investment in an annuity. File federal taxes online free 2012 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. File federal taxes online free 2012 You can elect to amortize the premium on taxable bonds. File federal taxes online free 2012 The amortization of the premium is generally an offset to interest income on the bond rather than a separate deduction item. File federal taxes online free 2012 Pre-1998 election to amortize bond premium. File federal taxes online free 2012   Generally, if you first elected to amortize bond premium before 1998, the above treatment of the premium does not apply to bonds you acquired before 1988. File federal taxes online free 2012 Bonds acquired after October 22, 1986, and before 1988. File federal taxes online free 2012   The amortization of the premium on these bonds is investment interest expense subject to the investment interest limit, unless you chose to treat it as an offset to interest income on the bond. File federal taxes online free 2012 Bonds acquired before October 23, 1986. File federal taxes online free 2012   The amortization of the premium on these bonds is a miscellaneous itemized deduction not subject to the 2% limit. File federal taxes online free 2012 Deduction for excess premium. File federal taxes online free 2012   On certain bonds (such as bonds that pay a variable rate of interest or that provide for an interest-free period), the amount of bond premium allocable to a period may exceed the amount of stated interest allocable to the period. File federal taxes online free 2012 If this occurs, treat the excess as a miscellaneous itemized deduction that is not subject to the 2% limit. File federal taxes online free 2012 However, the amount deductible is limited to the amount by which your total interest inclusions on the bond in prior periods exceed the total amount you treated as a bond premium deduction on the bond in prior periods. File federal taxes online free 2012 If any of the excess bond premium cannot be deducted because of the limit, this amount is carried forward to the next period and is treated as bond premium allocable to that period. File federal taxes online free 2012    Pre-1998 choice to amortize bond premium. File federal taxes online free 2012 If you made the choice to amortize the premium on taxable bonds before 1998, you can deduct the bond premium amortization that is more than your interest income only for bonds acquired during 1998 and later years. File federal taxes online free 2012 More information. File federal taxes online free 2012    For more information on bond premium, see Bond Premium Amortization in chapter 3 of Publication 550. File federal taxes online free 2012 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). File federal taxes online free 2012 First report the loss in Section B of Form 4684. File federal taxes online free 2012 You may also have to include the loss on Form 4797, Sales of Business Property, if you are otherwise required to file that form. File federal taxes online free 2012 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. File federal taxes online free 2012 For more information on casualty and theft losses, see Publication 547. File federal taxes online free 2012 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. File federal taxes online free 2012 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. File federal taxes online free 2012 See Publication 559 for information about figuring the amount of this deduction. File federal taxes online free 2012 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. File federal taxes online free 2012 You deduct your gambling losses for the year on Schedule A (Form 1040), line 28. File federal taxes online free 2012 You cannot deduct gambling losses that are more than your winnings. File federal taxes online free 2012 Generally, nonresident aliens cannot deduct gambling losses on Schedule A (Form 1040NR). File federal taxes online free 2012 You cannot reduce your gambling winnings by your gambling losses and report the difference. File federal taxes online free 2012 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. File federal taxes online free 2012 Therefore, your records should show your winnings separately from your losses. File federal taxes online free 2012 Diary of winnings and losses. File federal taxes online free 2012 You must keep an accurate diary or similar record of your losses and winnings. File federal taxes online free 2012 Your diary should contain at least the following information. File federal taxes online free 2012 The date and type of your specific wager or wagering activity. File federal taxes online free 2012 The name and address or location of the gambling establishment. File federal taxes online free 2012 The names of other persons present with you at the gambling establishment. File federal taxes online free 2012 The amount(s) you won or lost. File federal taxes online free 2012 Proof of winnings and losses. File federal taxes online free 2012   In addition to your diary, you should also have other documentation. File federal taxes online free 2012 You can generally prove your winnings and losses through Form W-2G, Certain Gambling Winnings, Form 5754, Statement by Person(s) Receiving Gambling Winnings, wagering tickets, canceled checks, substitute checks, credit records, bank withdrawals, and statements of actual winnings or payment slips provided to you by the gambling establishment. File federal taxes online free 2012   For specific wagering transactions, you can use the following items to support your winnings and losses. File federal taxes online free 2012    These recordkeeping suggestions are intended as general guidelines to help you establish your winnings and losses. File federal taxes online free 2012 They are not all-inclusive. File federal taxes online free 2012 Your tax liability depends on your particular facts and circumstances. File federal taxes online free 2012 Keno. File federal taxes online free 2012   Copies of the keno tickets you purchased that were validated by the gambling establishment, copies of your casino credit records, and copies of your casino check cashing records. File federal taxes online free 2012 Slot machines. File federal taxes online free 2012   A record of the machine number and all winnings by date and time the machine was played. File federal taxes online free 2012 Table games (twenty-one (blackjack), craps, poker, baccarat, roulette, wheel of fortune, etc. File federal taxes online free 2012 ). File federal taxes online free 2012   The number of the table at which you were playing. File federal taxes online free 2012 Casino credit card data indicating whether the credit was issued in the pit or at the cashier's cage. File federal taxes online free 2012 Bingo. File federal taxes online free 2012   A record of the number of games played, cost of tickets purchased, and amounts collected on winning tickets. File federal taxes online free 2012 Supplemental records include any receipts from the casino, parlor, etc. File federal taxes online free 2012 Racing (horse, harness, dog, etc. File federal taxes online free 2012 ). File federal taxes online free 2012   A record of the races, amounts of wagers, amounts collected on winning tickets, and amounts lost on losing tickets. File federal taxes online free 2012 Supplemental records include unredeemed tickets and payment records from the racetrack. File federal taxes online free 2012 Lotteries. File federal taxes online free 2012   A record of ticket purchases, dates, winnings, and losses. File federal taxes online free 2012 Supplemental records include unredeemed tickets, payment slips, and winnings statements. File federal taxes online free 2012 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. File federal taxes online free 2012 Impairment-related work expenses are ordinary and necessary business expenses for attendant care services at your place of work and other expenses in connection with your place of work that are necessary for you to be able to work. File federal taxes online free 2012 Example. File federal taxes online free 2012 You are blind. File federal taxes online free 2012 You must use a reader to do your work. File federal taxes online free 2012 You use the reader both during your regular working hours at your place of work and outside your regular working hours away from your place of work. File federal taxes online free 2012 The reader's services are only for your work. File federal taxes online free 2012 You can deduct your expenses for the reader as impairment-related work expenses. File federal taxes online free 2012 Self-employed. File federal taxes online free 2012   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. File federal taxes online free 2012 See Impairment-related work expenses. File federal taxes online free 2012 , later under How To Report. File federal taxes online free 2012 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, or Schedule A (Form 1040NR), line 14 (only if effectively connected with a U. File federal taxes online free 2012 S. File federal taxes online free 2012 trade or business). File federal taxes online free 2012 It is not subject to the passive activity limitations. File federal taxes online free 2012 Officials Paid on a Fee Basis If you are a fee-basis official, you can claim your expenses in performing services in that job as an adjustment to income rather than as a miscellaneous itemized deduction. File federal taxes online free 2012 See Publication 463 for more information. File federal taxes online free 2012 Performing Artists If you are a qualified performing artist, you can deduct your employee business expenses as an adjustment to income rather than as a miscellaneous itemized deduction. File federal taxes online free 2012 If you are an employee, complete Form 2106 or Form 2106-EZ. File federal taxes online free 2012 See Publication 463 for more information. File federal taxes online free 2012 Losses From Ponzi-type Investment Schemes These losses are deductible as theft losses of income-producing property on your tax return for the year the loss was discovered. File federal taxes online free 2012 You figure the deductible loss in Section B of Form 4684. File federal taxes online free 2012 However, if you qualify to use Revenue Procedure 2009-20 (as modified by Revenue Procedure 2011-58) and you choose to follow the procedures in the guidance, complete Section C of Form 4684 before completing Section B. File federal taxes online free 2012 Section C of Form 4684 replaces Appendix A in Revenue Procedure 2009-20. File federal taxes online free 2012 You do not need to complete Appendix A. File federal taxes online free 2012 See the Form 4684 instructions and Publication 547, Casualties, Disasters, and Thefts, for more information. File federal taxes online free 2012 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. File federal taxes online free 2012 See Repayments in Publication 525 for more information. File federal taxes online free 2012 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. File federal taxes online free 2012 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. File federal taxes online free 2012 See Publication 575, Pension and Annuity Income, for more information about the tax treatment of pensions and annuities. File federal taxes online free 2012 Nondeductible Expenses You cannot deduct the following expenses. File federal taxes online free 2012 List of Nondeductible Expenses Adoption expenses. File federal taxes online free 2012 Broker's commissions. File federal taxes online free 2012 Burial or funeral expenses, including the cost of a cemetery lot. File federal taxes online free 2012 Campaign expenses. File federal taxes online free 2012 Capital expenses. File federal taxes online free 2012 Check-writing fees. File federal taxes online free 2012 Club dues. File federal taxes online free 2012 Commuting expenses. File federal taxes online free 2012 Fees and licenses, such as car licenses, marriage licenses, and dog tags. File federal taxes online free 2012 Fines and penalties, such as parking tickets. File federal taxes online free 2012 Health spa expenses. File federal taxes online free 2012 Hobby losses—but see Hobby Expenses, earlier. File federal taxes online free 2012 Home repairs, insurance, and rent. File federal taxes online free 2012 Home security system. File federal taxes online free 2012 Illegal bribes and kickbacks—see Bribes and kickbacks in chapter 11 of Publication 535. File federal taxes online free 2012 Investment-related seminars. File federal taxes online free 2012 Life insurance premiums paid by the insured. File federal taxes online free 2012 Lobbying expenses. File federal taxes online free 2012 Losses from the sale of your home, furniture, personal car, etc. File federal taxes online free 2012 Lost or misplaced cash or property. File federal taxes online free 2012 Lunches with co-workers. File federal taxes online free 2012 Meals while working late. File federal taxes online free 2012 Medical expenses as business expenses other than medical examinations required by your employer. File federal taxes online free 2012 Personal disability insurance premiums. File federal taxes online free 2012 Personal legal expenses. File federal taxes online free 2012 Personal, living, or family expenses. File federal taxes online free 2012 Political contributions. File federal taxes online free 2012 Professional accreditation fees. File federal taxes online free 2012 Professional reputation, expenses to improve. File federal taxes online free 2012 Relief fund contributions. File federal taxes online free 2012 Residential telephone line. File federal taxes online free 2012 Stockholders' meeting, expenses of attending. File federal taxes online free 2012 Tax-exempt income, expenses of earning or collecting. File federal taxes online free 2012 The value of wages never received or lost vacation time. File federal taxes online free 2012 Travel expenses for another individual. File federal taxes online free 2012 Voluntary unemployment benefit fund contributions. File federal taxes online free 2012 Wristwatches. File federal taxes online free 2012 Adoption Expenses You cannot deduct the expenses of adopting a child but you may be able to take a credit for those expenses. File federal taxes online free 2012 For details, see Form 8839, Qualified Adoption Expenses. File federal taxes online free 2012 Commissions Commissions paid on the purchase of securities are not deductible, either as business or nonbusiness expenses. File federal taxes online free 2012 Instead, these fees must be added to the taxpayer's cost of the securities. File federal taxes online free 2012 Commissions paid on the sale are deductible as business expenses only by dealers. File federal taxes online free 2012 Campaign Expenses You cannot deduct campaign expenses of a candidate for any office, even if the candidate is running for reelection to the office. File federal taxes online free 2012 These include qualification and registration fees for primary elections. File federal taxes online free 2012 Legal fees. File federal taxes online free 2012   You cannot deduct legal fees paid to defend charges that arise from participation in a political campaign. File federal taxes online free 2012 Capital Expenses You cannot currently deduct amounts paid to buy property that has a useful life substantially beyond the tax year or amounts paid to increase the value or prolong the life of property. File federal taxes online free 2012 If you use such property in your work, you may be able to take a depreciation deduction. File federal taxes online free 2012 See Publication 946. File federal taxes online free 2012 If the property is a car used in your work, also see Publication 463. File federal taxes online free 2012 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. File federal taxes online free 2012 Club Dues Generally, you cannot deduct the cost of membership in any club organized for business, pleasure, recreation, or other social purpose. File federal taxes online free 2012 This includes business, social, athletic, luncheon, sporting, airline, hotel, golf, and country clubs. File federal taxes online free 2012 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. File federal taxes online free 2012 Dues paid to airline, hotel, and luncheon clubs are not deductible. File federal taxes online free 2012 Commuting Expenses You cannot deduct commuting expenses (the cost of transportation between your home and your main or regular place of work). File federal taxes online free 2012 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. File federal taxes online free 2012 Fines or Penalties You cannot deduct fines or penalties you pay to a governmental unit for violating a law. File federal taxes online free 2012 This includes an amount paid in settlement of your actual or potential liability for a fine or penalty (civil or criminal). File federal taxes online free 2012 Fines or penalties include parking tickets, tax penalties, and penalties deducted from teachers' paychecks after an illegal strike. File federal taxes online free 2012 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. File federal taxes online free 2012 Home Security System You cannot deduct the cost of a home security system as a miscellaneous deduction. File federal taxes online free 2012 However, you may be able to claim a deduction for a home security system as a business expense if you have a home office. File federal taxes online free 2012 See Home Office under Unreimbursed Employee Expenses, earlier, and Publication 587. File federal taxes online free 2012 Investment-Related Seminars You cannot deduct any expenses for attending a convention, seminar, or similar meeting for investment purposes. File federal taxes online free 2012 Life Insurance Premiums You cannot deduct premiums you pay on your life insurance. File federal taxes online free 2012 You may be able to deduct, as alimony, premiums you pay on life insurance policies assigned to your former spouse. File federal taxes online free 2012 See Publication 504, Divorced or Separated Individuals, for information on alimony. File federal taxes online free 2012 Lobbying Expenses You generally cannot deduct amounts paid or incurred for lobbying expenses. File federal taxes online free 2012 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. File federal taxes online free 2012 Lobbying expenses also include any amounts paid or incurred for research, preparation, planning, or coordination of any of these activities. File federal taxes online free 2012 Covered executive branch official. File federal taxes online free 2012   A covered executive branch official, for the purpose of (4) above, is any of the following officials. File federal taxes online free 2012 The President. File federal taxes online free 2012 The Vice President. File federal taxes online free 2012 Any officer or employee of the White House Office of the Executive Office of the President, and the two most senior level officers of each of the other agencies in the Executive Office. File federal taxes online free 2012 Any individual serving in a position in Level I of the Executive Schedule under section 5312 of Title 5, United States Code, any other individual designated by the President as having Cabinet-level status, and any immediate deputy of one of these individuals. File federal taxes online free 2012 Dues used for lobbying. File federal taxes online free 2012   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. File federal taxes online free 2012 Exceptions. File federal taxes online free 2012   You can deduct certain lobbying expenses if they are ordinary and necessary expenses of carrying on your trade or business. File federal taxes online free 2012 You can deduct expenses for attempting to influence the legislation of any local council or similar governing body (local legislation). File federal taxes online free 2012 An Indian tribal government is considered a local council or similar governing body. File federal taxes online free 2012 You can deduct in-house expenses for influencing legislation or communicating directly with a covered executive branch official if the expenses for the tax year are not more than $2,000 (not counting overhead expenses). File federal taxes online free 2012 If you are a professional lobbyist, you can deduct the expenses you incur in the trade or business of lobbying on behalf of another person. File federal taxes online free 2012 Payments by the other person to you for lobbying activities cannot be deducted. File federal taxes online free 2012 Lost or Mislaid Cash or Property You cannot deduct a loss based on the mere disappearance of money or property. File federal taxes online free 2012 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. File federal taxes online free 2012 See Publication 547. File federal taxes online free 2012 Example. File federal taxes online free 2012 A car door is accidentally slammed on your hand, breaking the setting of your diamond ring. File federal taxes online free 2012 The diamond falls from the ring and is never found. File federal taxes online free 2012 The loss of the diamond is a casualty. File federal taxes online free 2012 Lunches With Co-workers You cannot deduct the expenses of lunches with co-workers, except while traveling away from home on business. File federal taxes online free 2012 See Publication 463 for information on deductible expenses while traveling away from home. File federal taxes online free 2012 Meals While Working Late You cannot deduct the cost of meals while working late. File federal taxes online free 2012 However, you may be able to claim a deduction if the cost of the meals is a deductible entertainment expense, or if you are traveling away from home. File federal taxes online free 2012 See Publication 463 for information on deductible entertainment expenses and expenses while traveling away from home. File federal taxes online free 2012 Personal Legal Expenses You cannot deduct personal legal expenses such as those for the following. File federal taxes online free 2012 Custody of children. File federal taxes online free 2012 Breach of promise to marry suit. File federal taxes online free 2012 Civil or criminal charges resulting from a personal relationship. File federal taxes online free 2012 Damages for personal injury (except certain whistleblower claims and unlawful discrimination claims). File federal taxes online free 2012 For more information about unlawful discrimination claims, see Deductions Subject to the 2% Limit, earlier. File federal taxes online free 2012 Preparation of a title (or defense or perfection of a title). File federal taxes online free 2012 Preparation of a will. File federal taxes online free 2012 Property claims or property settlement in a divorce. File federal taxes online free 2012 You cannot deduct these expenses even if a result of the legal proceeding is the loss of income-producing property. File federal taxes online free 2012 Political Contributions You cannot deduct contributions made to a political candidate, a campaign committee, or a newsletter fund. File federal taxes online free 2012 Advertisements in convention bulletins and admissions to dinners or programs that benefit a political party or political candidate are not deductible. File federal taxes online free 2012 Professional Accreditation Fees You cannot deduct professional accreditation fees such as the following. File federal taxes online free 2012 Accounting certificate fees paid for the initial right to practice accounting. File federal taxes online free 2012 Bar exam fees and incidental expenses in securing initial admission to the bar. File federal taxes online free 2012 Medical and dental license fees paid to get initial licensing. File federal taxes online free 2012 Professional Reputation You cannot deduct expenses of radio and TV appearances to increase your personal prestige or establish your professional reputation. File federal taxes online free 2012 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. File federal taxes online free 2012 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. File federal taxes online free 2012 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. File federal taxes online free 2012 You cannot deduct these expenses even if you are attending the meeting to get information that would be useful in making further investments. File federal taxes online free 2012 Tax-Exempt Income Expenses You cannot deduct expenses to produce tax-exempt income. File federal taxes online free 2012 You cannot deduct interest on a debt incurred or continued to buy or carry tax-exempt securities. File federal taxes online free 2012 If you have expenses to p
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File federal taxes online free 2012 17. File federal taxes online free 2012   Arreglos de Ahorros para la Jubilación (Arreglos IRA) Table of Contents Qué Hay de Nuevo en el Año 2013 Recordatorios Introduction Useful Items - You may want to see: Arreglos IRA Tradicionales¿Quién Puede Abrir un Arreglo IRA Tradicional? ¿Cuándo y Cómo se Puede Abrir un Arreglo IRA Tradicional? ¿Cuánto se Puede Aportar? ¿Cuándo se Pueden Hacer Aportaciones? ¿Cuánto se Puede Deducir? Aportaciones no Deducibles Arreglos IRA Heredados ¿Puede Traspasar Activos de un Plan de Jubilación? ¿Cuándo Puede Retirar o Utilizar Activos de un Arreglo IRA? ¿Cuándo Tiene que Retirar Activos de un Arreglo IRA? (Distribuciones Mínimas Obligatorias) ¿Están Sujetas a Impuestos las Distribuciones? ¿Qué Acciones Dan Lugar a Multas o Impuestos Adicionales? Arreglos Roth IRA ¿Qué Es un Arreglo Roth IRA? ¿Cuándo se Puede Abrir un Arreglo Roth IRA? ¿Puede Hacer Aportaciones a un Arreglo Roth IRA? ¿Se Pueden Trasladar Activos a un Arreglo Roth IRA? ¿Están Sujetas a Impuestos las Distribuciones? Qué Hay de Nuevo en el Año 2013 Límite en las aportaciones y las deducciones de los arreglos IRA tradicionales. File federal taxes online free 2012  El límite sobre las aportaciones que puede efectuar a su arreglo IRA tradicional para el año 2013 aumentará a la cantidad menor entre las cantidades siguientes: $5,500 o Su remuneración tributable para el año. File federal taxes online free 2012 Si usted tiene 50 años o más antes del año 2014, lo máximo que puede aportar a su arreglo IRA tradicional para 2013 será la cantidad menor entre las cantidades siguientes: $6,500 o Su remuneración tributable para el año. File federal taxes online free 2012 Si desea más información, vea ¿Cuánto se Puede Aportar? , más adelante. File federal taxes online free 2012 Límite en las aportaciones de los arreglos Roth IRA. File federal taxes online free 2012  Si las aportaciones efectuadas en nombre suyo se realizan únicamente a los arreglos Roth IRA, el límite de su aportación para el año 2013 será generalmente la cantidad menor entre las cantidades siguientes: $5,500 o Su remuneración tributable para el año. File federal taxes online free 2012 Si usted tiene 50 años o más antes del año 2014 y las aportaciones efectuadas en nombre suyo se realizaron únicamente a arreglos Roth IRA, lo máximo que puede aportar para el año 2013 será generalmente la cantidad menor entre las cantidades siguientes: $6,500 o Su remuneración tributable para el año. File federal taxes online free 2012 Sin embargo, si su ingreso bruto ajustado modificado es mayor que cierta cantidad, el límite sobre su aportación podría reducirse. File federal taxes online free 2012 Si desea más información, vea ¿Cuánto se Puede Aportar? , bajo ¿Puede Hacer Aportaciones a un Arreglo Roth IRA?, más adelante. File federal taxes online free 2012 Aumento del límite del ingreso bruto ajustado modificado para aportaciones hechas a un arreglo IRA tradicional. File federal taxes online free 2012  Para 2013, si estaba cubierto por un plan de jubilación en el trabajo, su deducción por aportaciones a un arreglo IRA tradicional se reduce paulatinamente si su ingreso bruto ajustado modificado es: Más de $95,000 pero menos de $115,000 en el caso de un matrimonio que presente la declaración conjunta o un viudo que reúna los requisitos, Más de $59,000 pero menos de $69,000 en el caso de un soltero o cabeza de familia o Menos de $10,000 en el caso de un casado que presente la declaración por separado. File federal taxes online free 2012 Si vivía con su cónyuge o presenta la declaración conjunta y su cónyuge estaba cubierto por un plan de jubilación en el trabajo, pero usted no lo estaba, se reduce paulatinamente su deducción si tiene ingresos brutos ajustados modificados de más de $178,000 pero menos de $188,000. File federal taxes online free 2012 Si tiene ingresos brutos ajustados modificados de $188,000 o más, no puede hacer una deducción por aportaciones hechas a un arreglo IRA tradicional. File federal taxes online free 2012 Vea Cuánto se Puede Deducir , más adelante. File federal taxes online free 2012 Aumento del límite del ingreso bruto ajustado modificado para aportaciones hechas a un arreglo Roth IRA. File federal taxes online free 2012  Para 2013, el límite sobre aportaciones a un arreglo Roth IRA se reduce paulatinamente en las siguientes situaciones: Su estado civil para efectos de la declaración es casado que presenta la declaración conjunta o viudo que reúne los requisitos y tiene ingresos brutos ajustados modificados de por lo menos $178,000. File federal taxes online free 2012 No puede hacer aportaciones a un arreglo Roth IRA si tiene ingresos brutos ajustados modificados de $188,000 o más. File federal taxes online free 2012 Su estado civil para efectos de la declaración es soltero, cabeza de familia, o casado que presenta la declaración por separado y no vivió con su cónyuge en ningún momento en 2013 y su ingreso bruto ajustado modificado es por lo menos $112,000. File federal taxes online free 2012 No puede hacer aportaciones a un arreglo Roth IRA si tiene ingresos brutos ajustados modificados de $127,000 o más. File federal taxes online free 2012 Su estado civil para efectos de la declaración es casado que presenta la declaración por separado, vivió con su cónyuge en algún momento durante el año y sus ingresos brutos ajustados modificados son más de -0-. File federal taxes online free 2012 No puede hacer aportaciones a un arreglo Roth IRA si tiene ingresos brutos ajustados modificados de $10,000 o más. File federal taxes online free 2012 Vea Puede Hacer Aportaciones a un Arreglo Roth IRA , más adelante. File federal taxes online free 2012 Impuesto sobre los ingresos netos de inversión. File federal taxes online free 2012  Para propósitos del impuesto sobre los ingresos netos de inversión (NIIT, por sus siglas en inglés), los ingresos netos de inversión no incluyen distribuciones de un plan de jubilación calificado, incluidos los arreglos IRA (como por ejemplo, los planes conforme a las secciones 401(a), 403(a), 403(b), 408, 408A o 457(b)). File federal taxes online free 2012 Sin embargo, estas distribuciones se incluyen al calcular el límite del ingreso bruto ajustado modificado. File federal taxes online free 2012 Las distribuciones de un plan de jubilación no calificado se incluyen en los ingresos netos de inversión. File federal taxes online free 2012 Vea el Formulario 8960, Net Investment Income Tax — Individuals, Estates, and Trusts (Impuesto sobre los ingresos netos de inversión —Personas físicas, patrimonios y fideicomisos), además de sus instrucciones, ambos disponibles en inglés, si desea obtener más información. File federal taxes online free 2012 Cambio de nombre. File federal taxes online free 2012 . File federal taxes online free 2012  El nombre de todos los arreglos IRA para cónyuges ha cambiado a Kay Bailey Hutchison IRA para cónyuges. File federal taxes online free 2012 No hubo cambio a las reglas que rigen estos arreglos IRA. File federal taxes online free 2012 Vea, Arreglo Kay Bailey Hutchison IRA para cónyuges , más adelante, para más información. File federal taxes online free 2012 Recordatorios Límites de 2014. File federal taxes online free 2012  Encontrará información acerca de los límites de aportaciones de 2014 y del Ingreso Bruto Ajustado (AGI por sus siglas en inglés) en la Publicación 590, en inglés. File federal taxes online free 2012 Aportaciones hechas a arreglos IRA tradicionales y a arreglos Roth IRA. File federal taxes online free 2012   Para información adicional sobre el límite de la suma de aportaciones si se realizan aportaciones a un arreglo IRA tradicional y un arreglo Roth IRA, vea Arreglos Roth IRA y arreglos IRA tradicionales bajo ¿Cuánto se Puede Aportar?, en la sección dedicada a los Arreglos Roth IRA, más adelante. File federal taxes online free 2012 Informe de la distribución mínima obligatoria. File federal taxes online free 2012  Si una distribución mínima de su arreglo IRA es obligatoria, el fideicomisario, custodio o emisor en cuyas manos estaba dicho arreglo IRA al final del año precedente tiene que informarle de la distribución mínima obligatoria o estar dispuesto a calculársela. File federal taxes online free 2012 El informe o disposición anterior tiene que incluir la fecha para la cual se tiene que distribuir la cantidad de fondos. File federal taxes online free 2012 El informe se debe entregar el 31 de enero del año en el que se requiera la distribución mínima. File federal taxes online free 2012 Se puede entregar junto con el informe de la declaración del valor justo de mercado de finales de año que se le suele enviar cada año. File federal taxes online free 2012 No se necesita entregar este informe en el caso de arreglos IRA cuyos dueños hayan fallecido. File federal taxes online free 2012 Intereses de arreglos IRA. File federal taxes online free 2012  Aunque los intereses procedentes de un arreglo IRA no se suelen tributar en el año en el que se devengan, éstos no se consideran intereses exentos de impuestos. File federal taxes online free 2012 En la mayoría de los casos, los impuestos devengados por un arreglo IRA tradicional se postergan hasta que reciba una distribución. File federal taxes online free 2012 No declare dichos intereses como intereses exentos de impuestos en su declaración de impuestos. File federal taxes online free 2012 Formulario 8606. File federal taxes online free 2012   Para declarar las aportaciones como no deducibles, tiene que presentar el Formulario 8606, Nondeductible IRAs (Arreglos IRA no deducibles), en inglés. File federal taxes online free 2012 La expresión “50 años de edad o más” se usa algunas veces en este capítulo. File federal taxes online free 2012 Se refiere al dueño de un arreglo IRA que ha cumplido 50 años de edad o más para finales del año tributario. File federal taxes online free 2012 Introduction Un arreglo de ahorros para la jubilación (IRA, por sus siglas en inglés) es un plan individual de ahorros que le brinda ventajas tributarias para ahorrar con miras a la jubilación. File federal taxes online free 2012 Este capítulo trata de los siguientes temas: Las reglas relativas a un arreglo IRA tradicional (todo arreglo IRA que no sea un arreglo Roth o SIMPLE IRA). File federal taxes online free 2012 El arreglo Roth IRA, que brinda las opciones de hacer aportaciones no deducibles y distribuciones exentas de impuestos. File federal taxes online free 2012 Este capítulo no presenta los Simplified Employee Pensions (Planes de pensión simplificada para empleados, o SEP, por sus siglas en inglés) ni los Savings Incentive Match Plans for Employees (Planes de incentivos de ahorros para empleados en los que el empleador aporta cantidades iguales, o SIMPLE, por sus siglas en inglés). File federal taxes online free 2012 Para más información acerca de estos planes y los arreglos SEP IRA y SIMPLE que son parte de dichos planes, vea las Publicaciones 560 y 590, en inglés. File federal taxes online free 2012 Para información sobre aportaciones, deducciones, retiros, traspasos, reinversiones y otras transacciones, vea la Publicación 590, en inglés. File federal taxes online free 2012 Useful Items - You may want to see: Publicación 560 Retirement Plans for Small Business (Planes de jubilación para pequeños negocios), en inglés 590 Individual Retirement Arrangements (IRAs) (Arreglos de ahorros para la jubilación (Arreglos IRA)), en inglés Formulario (e Instrucciones) 5329 Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts (Impuestos adicionales sobre planes calificados (incluidos los arreglos IRA) y otros arreglos con beneficios tributarios), en inglés 8606 Nondeductible IRAs (Arreglos IRA no deducibles), en inglés Arreglos IRA Tradicionales En este capítulo, el arreglo IRA original (conocido también como arreglo IRA ordinario) se denomina “arreglo IRA tradicional”. File federal taxes online free 2012 Un arreglo IRA tradicional es todo arreglo IRA que no sea un arreglo Roth IRA ni un arreglo SIMPLE IRA. File federal taxes online free 2012 Dos ventajas que brinda un arreglo IRA tradicional son: Podría deducir una parte o la totalidad de las aportaciones hechas a dicho arreglo, según las circunstancias y Normalmente, no se gravan impuestos a los fondos de un arreglo IRA, ingresos y ganancias inclusive, hasta que se hayan distribuido. File federal taxes online free 2012 ¿Quién Puede Abrir un Arreglo IRA Tradicional? Puede abrir y hacer aportaciones a un arreglo IRA tradicional si: Usted (o su cónyuge, si presenta una declaración conjunta) recibió remuneración tributable en el curso del año y No había cumplido 70 años y medio de edad antes de finalizar el año. File federal taxes online free 2012 ¿Qué es remuneración?   Normalmente, la remuneración es lo que gana trabajando. File federal taxes online free 2012 La remuneración abarca salarios, sueldos, propinas, honorarios profesionales, bonificaciones o premios y otras cantidades que reciba por haber prestado servicios personales. File federal taxes online free 2012 Para fines del IRS, se considera remuneración toda cantidad que aparezca correctamente en el recuadro 1 (Wages, tips, other compensation (Salarios, propinas, otra remuneración)) del Formulario W-2, Wage and Tax Statement (Comprobante de salarios y retención de impuestos), en inglés, siempre y cuando dicha cantidad se reduzca por toda cantidad que aparezca correctamente en el recuadro 11 (Nonqualified plans (Planes no calificados)). File federal taxes online free 2012   Los pagos de becas de estudios y de desarrollo profesional se consideran remuneración para este propósito sólo si aparecen en el recuadro 1 del Formulario W-2. File federal taxes online free 2012   La remuneración también abarca las comisiones y pagos tributables de pensión para el cónyuge divorciado y manutención por separación judicial del cónyuge o ex cónyuge. File federal taxes online free 2012 Ingresos de trabajo por cuenta propia. File federal taxes online free 2012   Si trabaja por cuenta propia (como dueño único o socio), la remuneración son las ganancias netas provenientes de su ocupación o negocio (siempre y cuando los servicios personales prestados por usted sean un factor que genere ingresos materiales) reducidos por el total de: La deducción por aportaciones hechas en nombre suyo a planes de jubilación y La parte deducible de su impuesto sobre el trabajo por cuenta propia. File federal taxes online free 2012   La remuneración abarca ganancias del trabajo por cuenta propia aunque, por sus creencias religiosas, no estén sujetas al impuesto sobre el trabajo por cuenta propia. File federal taxes online free 2012 Paga no tributable por combate. File federal taxes online free 2012   Para fines de un arreglo IRA, si era miembro de las Fuerzas Armadas estadounidenses, la remuneración incluye toda paga no tributable por combate que reciba. File federal taxes online free 2012 ¿Qué no es remuneración?   La remuneración no abarca lo siguiente: Ganancias y utilidades provenientes de una propiedad, como ingresos de alquiler, ingresos de intereses e ingresos de dividendos. File federal taxes online free 2012 Ingresos de pensiones o anualidades. File federal taxes online free 2012 Remuneración diferida recibida (pagos de remuneración aplazados en un año anterior). File federal taxes online free 2012 Ingresos de una sociedad colectiva a cambio de los cuales usted no presta servicios que se consideren un factor de generación de ingresos materiales. File federal taxes online free 2012 Pagos del Conservation Reserve Program (Programa del fondo de conservación o CRP, por sus siglas en inglés) declarados en la línea 1b del Anexo SE del Formulario 1040. File federal taxes online free 2012 Toda cantidad (que no sea paga por combate) que excluya de los ingresos, como ingresos de fuentes del extranjero y costos de alojamiento en el extranjero. File federal taxes online free 2012 ¿Cuándo y Cómo se Puede Abrir un Arreglo IRA Tradicional? Puede abrir un arreglo IRA tradicional en cualquier momento. File federal taxes online free 2012 No obstante, el plazo para hacer aportaciones a dicho arreglo en un año dado es limitado. File federal taxes online free 2012 Vea ¿Cuándo se Pueden Hacer Aportaciones? , más adelante. File federal taxes online free 2012 Puede abrir varios tipos de arreglos IRA en diversas organizaciones. File federal taxes online free 2012 Puede abrir un arreglo IRA en un banco u otra institución financiera o en un fondo mutuo o compañía de seguros de vida. File federal taxes online free 2012 También puede abrir un arreglo IRA a través de un agente de un corredor bursátil. File federal taxes online free 2012 Todo arreglo IRA tiene que cumplir los requisitos del Código Federal de Impuestos Internos. File federal taxes online free 2012 Tipos de arreglos IRA tradicionales. File federal taxes online free 2012   Un arreglo IRA tradicional puede ser un arreglo de ahorros para la jubilación o una anualidad. File federal taxes online free 2012 Puede ser parte de un plan de pensión simplificada para empleados (SEP) o una cuenta fiduciaria de una asociación de empleadores o de empleados. File federal taxes online free 2012 ¿Cuánto se Puede Aportar? Existen límites y otras reglas que determinan la cantidad de fondos que se puede aportar a un arreglo IRA tradicional. File federal taxes online free 2012 Estos límites y otras reglas se explican a continuación. File federal taxes online free 2012 Leyes de los bienes gananciales. File federal taxes online free 2012   Salvo en las situaciones presentadas más adelante bajo Límite de aportaciones a los arreglos Kay Bailey Hutchison IRA para cónyuges , cada cónyuge calcula su límite por separado, basándose en su propia remuneración. File federal taxes online free 2012 Esta regla es aplicable incluso en estados con leyes sobre bienes gananciales. File federal taxes online free 2012 Comisiones de corredor bursátil. File federal taxes online free 2012   Las comisiones de agentes de corredor bursátil que se pagan con relación a un arreglo IRA tradicional están sujetas al límite de aportaciones. File federal taxes online free 2012 Honorarios de fideicomisarios. File federal taxes online free 2012   Los honorarios de administración del fideicomisario no están sujetos al límite de aportaciones. File federal taxes online free 2012 Aportaciones de cantidades iguales a las recibidas como ciudadano en reserva militar que reúna los requisitos. File federal taxes online free 2012   Si es (o era) miembro de una unidad reservista y recibió órdenes o se le llamó a prestar servicio activo después del 11 de septiembre de 2001, tal vez pueda aportar a un arreglo IRA cantidades iguales a distribuciones que haya recibido por ser ciudadano en reserva militar que reunía los requisitos. File federal taxes online free 2012 Puede realizar aportaciones de esta índole aun si éstas hacen que el total de las aportaciones hechas al arreglo IRA supere el límite general sobre aportaciones. File federal taxes online free 2012 Para tener el derecho de hacer estas aportaciones de cantidades iguales a las que se le pagaron como ciudadano en reserva militar, tiene que haber recibido una distribución por ser ciudadano en reserva militar que reunía los requisitos. File federal taxes online free 2012 Dicha distribución tiene que ser de un arreglo IRA o de un plan conforme a la sección 401(k) o 403(b) o plan similar. File federal taxes online free 2012   Para más información, vea Qualified reservist repayments (Aportaciones de cantidades iguales a las recibidas como ciudadano en reserva militar que reúne los requisitos), bajo How Much Can Be Contributed? (¿Cuánto se puede aportar?), en el capítulo 1 de la Publicación 590, en inglés. File federal taxes online free 2012 Las aportaciones hechas en nombre suyo a un arreglo IRA tradicional reducen el límite de aportaciones a un arreglo Roth IRA. File federal taxes online free 2012 Vea Arreglos Roth IRA , más adelante. File federal taxes online free 2012 Límite general. File federal taxes online free 2012   Para 2013, la cantidad máxima que se puede aportar a un arreglo IRA tradicional suele ser la menor de las siguientes cantidades: $5,500 ($6,500 si tiene 50 años de edad o más). File federal taxes online free 2012 La remuneración tributable (definida anteriormente) que haya recibido durante el año. File federal taxes online free 2012 Ésta es la cantidad máxima que se puede aportar a un arreglo IRA independientemente de si se aportan fondos a uno o más arreglos IRA tradicionales o si una parte o la totalidad de los mismos no son deducibles. File federal taxes online free 2012 (Vea Aportaciones no Deducibles , más adelante). File federal taxes online free 2012 Las aportaciones hechas por reservistas calificados, que devuelven distribuciones recibidas, no afectan a este límite. File federal taxes online free 2012 Ejemplo 1. File federal taxes online free 2012 Isabel, de 34 años de edad y soltera, ganó $24,000 en 2013. File federal taxes online free 2012 El límite de aportaciones a su arreglo IRA en 2013 es $5,500. File federal taxes online free 2012 Ejemplo 2. File federal taxes online free 2012 Juan, un estudiante universitario soltero que trabaja a tiempo parcial, ganó $3,500 en 2013. File federal taxes online free 2012 El límite de aportaciones a su arreglo IRA en 2013 es $3,500, la cantidad de la remuneración que recibió. File federal taxes online free 2012 Límite de aportaciones a los arreglos Kay Bailey Hutchison IRA para cónyuges. File federal taxes online free 2012   Para el año 2013, si presenta una declaración conjunta y recibe menos remuneración tributable que su cónyuge, la cantidad máxima de fondos que puede aportar a su arreglo IRA en ese año es la menor de las cantidades siguientes: $5,500 ($6,500 si tiene 50 años de edad o más). File federal taxes online free 2012 El total de la remuneración que se pueda incluir en los ingresos brutos de tanto usted como su cónyuge en ese año, reducido por las dos cantidades siguientes: La aportación de su cónyuge en ese año a un arreglo IRA tradicional. File federal taxes online free 2012 Toda aportación que se haya hecho en ese año a un arreglo Roth IRA en nombre de su cónyuge. File federal taxes online free 2012 Esto quiere decir que la suma total de las aportaciones que pueden hacer en ese año a su arreglo IRA y la de su cónyuge puede ser de hasta $11,000 ($12,000 si sólo uno de ustedes tiene 50 años de edad o más, o $13,000 si los dos tienen 50 años de edad o más). File federal taxes online free 2012 ¿Cuándo se Pueden Hacer Aportaciones? En cuanto abra un arreglo IRA tradicional, se pueden realizar aportaciones al mismo por medio del fideicomisario u otro administrador. File federal taxes online free 2012 Las aportaciones tienen que ser en forma de dinero (efectivo, cheque o giro). File federal taxes online free 2012 No se pueden realizar aportaciones de bienes. File federal taxes online free 2012 Las aportaciones se tienen que hacer dentro del plazo correspondiente. File federal taxes online free 2012   Las aportaciones a su arreglo IRA tradicional para un año dado se pueden hacer en cualquier momento del año o dentro del plazo para presentar la declaración de dicho año, prórrogas excluidas. File federal taxes online free 2012 Regla de la edad de 70 años y medio. File federal taxes online free 2012   No se pueden hacer aportaciones a un arreglo IRA tradicional para el año en que usted cumple 70 años y medio de edad ni para ningún año posterior. File federal taxes online free 2012   Se considera que alcanza la edad de 70 años y medio a los 6 meses naturales del septuagésimo (número 70) aniversario de su nacimiento. File federal taxes online free 2012 Si nació el 30 de junio de 1943 o antes, no puede hacer aportaciones para el año 2013 ni para ningún año posterior. File federal taxes online free 2012 Cómo indicar el año de la aportación. File federal taxes online free 2012   Si aporta una cantidad de fondos a su arreglo IRA tradicional entre el 1 de enero y el 15 de abril, debería informarle al fideicomisario u otro administrador del año al que corresponde dicha aportación, es decir, si corresponde al año actual o al año anterior. File federal taxes online free 2012 Si no le informa al fideicomisario u otro administrador del año al que corresponde la aportación, el fideicomisario u otro administrador puede suponer que la misma corresponde al año actual (el año en el que el fideicomisario u otro administrador la recibió) y por lo tanto declararla como tal al IRS. File federal taxes online free 2012 Presentación de la declaración antes de hacer una aportación. File federal taxes online free 2012   Al presentar la declaración de impuestos, puede declarar una aportación hecha a un arreglo IRA tradicional antes de haber hecho realmente dicha aportación. File federal taxes online free 2012 Normalmente, debe hacer la aportación a más tardar en la fecha límite de la declaración de impuestos (sin contar prórrogas). File federal taxes online free 2012 No es obligatorio hacer aportaciones. File federal taxes online free 2012   No tiene que aportar fondos a su arreglo IRA tradicional para cada año tributario, aun si puede hacerlo. File federal taxes online free 2012 ¿Cuánto se Puede Deducir? Normalmente, puede deducir la cantidad menor entre: Las aportaciones hechas a su arreglo IRA tradicional para el año o El límite general (o el límite a los arreglos Kay Bailey Hutchison IRA para cónyuges, si corresponde). File federal taxes online free 2012 No obstante, si usted o su cónyuge estaba cubierto por un plan para la jubilación del empleador, tal vez no pueda deducir esta cantidad. File federal taxes online free 2012 Vea Límite si se Tiene Cobertura bajo un Plan del Empleador , más adelante. File federal taxes online free 2012 Tal vez pueda reclamar un crédito por aportaciones hechas a un arreglo IRA tradicional. File federal taxes online free 2012 Para más información, vea el capítulo 37. File federal taxes online free 2012 Honorarios de fideicomisarios. File federal taxes online free 2012   Los honorarios administrativos del fideicomisario que se facturen por separado y se paguen en relación a su arreglo IRA tradicional no se pueden deducir como aportaciones a un arreglo IRA. File federal taxes online free 2012 No obstante, sí se pueden deducir como deducción detallada miscelánea en el Anexo A (Formulario 1040). File federal taxes online free 2012 Vea el capítulo 28. File federal taxes online free 2012 Comisiones de corredores bursátiles. File federal taxes online free 2012   Las comisiones de corredores bursátiles son parte de las aportaciones hechas a un arreglo IRA y, como tal, se pueden deducir sujetas a los límites. File federal taxes online free 2012 Deducción completa. File federal taxes online free 2012   Si ni usted ni su cónyuge estaba cubierto en ningún momento del año por un plan para la jubilación del empleador, puede hacer una deducción por el total de aportaciones hechas a uno o más arreglos IRA tradicionales hasta la menor de las siguientes cantidades: $5,500 ($6,500 si tiene 50 años de edad o más en 2013). File federal taxes online free 2012 El 100% de su remuneración. File federal taxes online free 2012 Este límite se reduce por toda aportación hecha a un plan 501(c)(18) en nombre de usted. File federal taxes online free 2012 Arreglo Kay Bailey Hutchison IRA para el cónyuge. File federal taxes online free 2012   En el caso de una pareja casada que haya recibido remuneración en cantidades distintas y que presente una declaración conjunta, la deducción por aportaciones al arreglo IRA tradicional del cónyuge con menos remuneración se limita a la menor de las siguientes cantidades: $5,500 ($6,500 si el cónyuge con la menor remuneración tiene 50 años de edad o más en 2013). File federal taxes online free 2012 El total de la remuneración que se puede incluir en los ingresos brutos de ambos cónyuges en ese año, reducido por las tres cantidades siguientes: La deducción IRA para el año del cónyuge con mayor remuneración. File federal taxes online free 2012 Toda aportación designada no deducible hecha durante el año en nombre del cónyuge con mayor remuneración. File federal taxes online free 2012 Toda aportación hecha durante el año a un arreglo Roth IRA de parte del cónyuge con mayor remuneración. File federal taxes online free 2012 Este límite se reduce por toda aportación que se haya hecho a un plan 501(c)(18) de parte del cónyuge con menor remuneración. File federal taxes online free 2012 Nota: Si estaba divorciado o legalmente separado (y no volvió a casarse) antes de terminar el año, no puede deducir ninguna aportación hecha al arreglo IRA de su cónyuge. File federal taxes online free 2012 Después de un divorcio o separación legal, puede deducir sólo aportaciones hechas a su propio arreglo IRA. File federal taxes online free 2012 Dichas deducciones están sujetas a las reglas correspondientes a personas solteras. File federal taxes online free 2012 Si está cubierto por un plan del empleador para la jubilación. File federal taxes online free 2012   Si usted o su cónyuge estuvo cubierto por un plan del empleador para la jubilación en algún momento del año en el que se hayan hecho aportaciones, se podría limitar aún más la deducción. File federal taxes online free 2012 Este tema se trata más adelante bajo Límite si se Tiene Cobertura bajo un Plan del Empleador . File federal taxes online free 2012 Los límites sobre la cantidad que se puede deducir no influyen en la cantidad que se puede aportar. File federal taxes online free 2012 Vea Aportaciones no Deducibles , más adelante. File federal taxes online free 2012 ¿Está Cubierto por un Plan del Empleador? El Formulario W-2 que recibe de su empleador tiene un recuadro que se utiliza para indicar si usted estuvo cubierto durante el año. File federal taxes online free 2012 El recuadro “Retirement plan” (Plan para la jubilación) debe estar marcado si estuvo cubierto. File federal taxes online free 2012 Se aconseja que los ciudadanos en reserva militar y bomberos voluntarios consulten también Situaciones en las Cuales no Está Cubierto por un Plan del Empleador , más adelante. File federal taxes online free 2012 Si no está seguro de si tuvo cobertura bajo el plan para la jubilación ofrecido por su empleador, diríjase a él. File federal taxes online free 2012 Jueces federales. File federal taxes online free 2012   Para fines de la deducción IRA, los jueces federales están cubiertos por un plan del empleador para la jubilación. File federal taxes online free 2012 ¿Para Qué Año(s) Está Cubierto Usted por un Plan del Empleador? Existen reglas especiales para determinar los años tributarios cubiertos por el plan de su empleador para la jubilación. File federal taxes online free 2012 Dichas reglas difieren según el tipo de plan, es decir, si es un plan de beneficios definidos o de aportaciones definidas. File federal taxes online free 2012 Año tributario. File federal taxes online free 2012   El año tributario es el período contable anual que utiliza para mantener documentación y declarar ingresos y gastos en la declaración del impuesto sobre el ingreso. File federal taxes online free 2012 En la mayoría de los casos, el año tributario es el año natural. File federal taxes online free 2012 Plan de aportaciones definidas. File federal taxes online free 2012   Normalmente, está cubierto por un plan de aportaciones definidas para un año tributario si se aportan o asignan fondos a su cuenta para el año de plan que finaliza con dicho año tributario o dentro del mismo. File federal taxes online free 2012   Un plan de aportaciones definidas es un plan que establece una cuenta distinta para cada persona cubierta bajo dicho plan. File federal taxes online free 2012 Los tipos de planes de aportaciones definidas abarcan planes de participación en las ganancias, planes de bonificación de acciones y planes de pensión por compra de dinero. File federal taxes online free 2012 Plan de beneficios definidos. File federal taxes online free 2012   Si tiene derecho a participar en el plan de beneficios definidos del empleador para el año del plan que termina dentro de su año tributario, está cubierto por dicho plan. File federal taxes online free 2012 Esta regla es aplicable aun si usted: No optó por participar en el plan, No hizo una aportación obligatoria o No ocupó su puesto durante suficiente tiempo como para tener derecho a beneficio alguno ese año. File federal taxes online free 2012   Un plan de beneficios definidos es todo plan que no sea un plan de aportaciones definidas. File federal taxes online free 2012 Los planes de beneficios definidos abarcan los planes de pensiones y de anualidad. File federal taxes online free 2012 Sin intereses adquiridos. File federal taxes online free 2012   Si acumula algún beneficio para el año del plan, sigue con cobertura bajo dicho plan aunque no tenga intereses adquiridos (derecho legal a éste) en el beneficio acumulado conforme a la ley. File federal taxes online free 2012 Situaciones en las Cuales no Está Cubierto por un Plan del Empleador A menos que tenga cobertura bajo otro plan de un empleador, no está cubierto por un plan de un empleador si se encuentra en una de las siguientes situaciones: Seguro Social o jubilación de empleados ferroviarios. File federal taxes online free 2012   La cobertura que se brinda bajo el Seguro Social o la jubilación de empleados ferroviarios no se considera cobertura bajo un plan del empleador para la jubilación. File federal taxes online free 2012 Beneficios del plan de un empleador anterior. File federal taxes online free 2012   Si recibe beneficios de jubilación del plan de un empleador anterior, no está cubierto por dicho plan. File federal taxes online free 2012 Ciudadano en reserva militar. File federal taxes online free 2012   Si la única razón por la cual participa en un plan es que es miembro de una unidad de reserva de las Fuerzas Armadas, es posible que no tenga cobertura bajo dicho plan. File federal taxes online free 2012 No está cubierto por el plan si se cumplen los dos requisitos siguientes: El plan en el que participa ha sido establecido para los empleados participantes por parte de: Los Estados Unidos, Un estado o una subdivisión política de un estado o Un organismo de cualquiera de los puntos (a) o (b) mencionados anteriormente. File federal taxes online free 2012 No prestó servicio activo por un período de más de 90 días durante el año (sin contar servicios prestados en períodos de adiestramiento). File federal taxes online free 2012 Bomberos voluntarios. File federal taxes online free 2012   Si el único motivo por el cual participa en un plan es que es bombero voluntario, tal vez no esté cubierto por dicho plan. File federal taxes online free 2012 No está cubierto por el plan si se cumplen los dos requisitos siguientes: El plan en el que participa ha sido establecido para los empleados participantes por parte de: Los Estados Unidos, Un estado o una subdivisión política de un estado o Un organismo de cualquiera de los puntos (a) o (b) mencionados anteriormente. File federal taxes online free 2012 Los beneficios de jubilación acumulados al comenzar el año no le darán más de $1,800 al año cuando se jubile. File federal taxes online free 2012 Límite si se Tiene Cobertura bajo un Plan del Empleador Si usted o su cónyuge estuvo cubierto por un plan de jubilación ofrecido por su empleador, puede ser que sólo tenga derecho a una deducción parcial (reducida) o que no le corresponda ninguna, según sus ingresos y estado civil para efectos de la declaración. File federal taxes online free 2012 La deducción empieza a reducirse paulatinamente cuando sus ingresos sobrepasen cierta cantidad y se elimina completamente cuando alcancen una cantidad aún mayor. File federal taxes online free 2012 Dichas cantidades varían según su estado civil para efectos de la declaración. File federal taxes online free 2012 Para saber si su deducción está sujeta a la eliminación paulatina (reducción progresiva), debe determinar sus ingresos brutos ajustados modificados y estado civil para efectos de la declaración. File federal taxes online free 2012 Vea Estado civil para efectos de la declaración e Ingresos brutos ajustados modificados (MAGI, por sus siglas en inglés) , más adelante. File federal taxes online free 2012 Entonces utilice la Tabla 17-1 ó 17-2 para determinar si corresponde la reducción paulatina. File federal taxes online free 2012 Destinatarios de beneficios del Seguro Social. File federal taxes online free 2012   En vez de utilizar la Tabla 17-1 ó 17-2, utilice las hojas de trabajo del Apéndice B de la Publicación 590 si, para el año, se dan todas las siguientes situaciones: Recibió beneficios del Seguro Social. File federal taxes online free 2012 Recibió remuneración tributable. File federal taxes online free 2012 Se hicieron aportaciones a un arreglo IRA tradicional. File federal taxes online free 2012 Usted o su cónyuge estuvo cubierto por un plan del empleador para la jubilación. File federal taxes online free 2012 Utilice esas hojas de trabajo para calcular su deducción IRA, su aportación no deducible y, si corresponde, la parte sujeta a impuestos de los beneficios del Seguro Social que haya recibido. File federal taxes online free 2012 Reducción paulatina de la deducción. File federal taxes online free 2012   Si tuvo cobertura bajo un plan de jubilación ofrecida por su empleador y no recibió beneficios del Seguro Social, la deducción IRA se podría reducir o eliminar dependiendo de su estado civil para efectos de la declaración e ingresos brutos ajustados modificados, tal como se explica en la Tabla 17-1. File federal taxes online free 2012 Tabla 17-1. File federal taxes online free 2012 Efecto de los Ingresos Brutos Ajustados Modificados1 sobre la Deducción si Tiene Cobertura bajo un Plan para la Jubilación en el Trabajo Si está cubierto por un plan de jubilación en el trabajo, utilice esta tabla para determinar si sus ingresos brutos ajustados modificados repercuten en la cantidad de su deducción. File federal taxes online free 2012 SI su estado civil para efectos de la declaración es. File federal taxes online free 2012 . File federal taxes online free 2012 . File federal taxes online free 2012   Y tiene ingresos brutos ajustados modificados de. File federal taxes online free 2012 . File federal taxes online free 2012 . File federal taxes online free 2012   ENTONCES puede declarar. File federal taxes online free 2012 . File federal taxes online free 2012 . File federal taxes online free 2012 soltero   o   cabeza de familia   $59,000 o menos   una deducción completa. File federal taxes online free 2012   más de $59,000 pero menos de $69,000   una deducción parcial. File federal taxes online free 2012   $69,000 o más   ninguna deducción. File federal taxes online free 2012 casado que presenta la declaración conjunta    o  viudo que reúne los requisitos   $95,000 o menos   una deducción completa. File federal taxes online free 2012   más de $95,000 pero menos de $115,000   una deducción parcial. File federal taxes online free 2012   $115,000 o más   ninguna deducción. File federal taxes online free 2012 casado que presenta la declaración por separado2   menos de $10,000   una deducción parcial. File federal taxes online free 2012   $10,000 o más   ninguna deducción. File federal taxes online free 2012 1Ingresos brutos ajustados modificados. File federal taxes online free 2012 Vea Ingresos brutos ajustados modificados (MAGI, por sus siglas en inglés) . File federal taxes online free 2012 2Si no vivió con su cónyuge en ningún momento durante el año, su estado civil para efectos de la declaración se considera soltero para estos fines (por lo tanto, su deducción IRA se determina utilizando la columna “Soltero”). File federal taxes online free 2012 Si su cónyuge tiene cobertura. File federal taxes online free 2012   Si usted no tuvo cobertura bajo un plan de jubilación ofrecida por su empleador pero su cónyuge sí la tuvo, y no recibió beneficios del Seguro Social, la deducción IRA se podría reducir o eliminar dependiendo de su estado civil para efectos de la declaración e ingresos brutos ajustados modificados, tal como se explica en la Tabla 17-2. File federal taxes online free 2012 Tabla 17-2. File federal taxes online free 2012 Efecto de los Ingresos Brutos Ajustados Modificados1 sobre la Deducción si NO Tiene Cobertura bajo un Plan para la Jubilación en el Trabajo Si no tiene cobertura de un plan de jubilación en el trabajo, utilice esta tabla para determinar si sus ingresos brutos ajustados modificados repercuten en la cantidad de su deducción. File federal taxes online free 2012 SI su estado civil para efectos de la declaración es. File federal taxes online free 2012 . File federal taxes online free 2012 . File federal taxes online free 2012   Y tiene ingresos brutos ajustados modificados de. File federal taxes online free 2012 . File federal taxes online free 2012 . File federal taxes online free 2012   ENTONCES puede declarar. File federal taxes online free 2012 . File federal taxes online free 2012 . File federal taxes online free 2012 soltero,cabeza de familia o viudo que reúne los requisitos   cualquier cantidad   una deducción completa. File federal taxes online free 2012 casado que presenta la declaración conjunta o por separado con un cónyuge que no tenga cobertura bajo un plan en el trabajo   cualquier cantidad   una deducción completa. File federal taxes online free 2012 casado que presenta la declaración conjunta con un cónyuge que tenga cobertura bajo un plan en el trabajo   $178,000 o menos   una deducción completa. File federal taxes online free 2012   más de $178,000 pero menos de $188,000   una deducción parcial. File federal taxes online free 2012   $188,000 o más   ninguna deducción. File federal taxes online free 2012 casado que presenta la declaración por separado con un cónyuge que tenga cobertura bajo un plan en el trabajo2   menos de $10,000   una deducción parcial. File federal taxes online free 2012   $10,000 o más   ninguna deducción. File federal taxes online free 2012 1Ingresos brutos ajustados modificados. File federal taxes online free 2012 Vea Ingresos brutos ajustados modificados (MAGI, por sus siglas en inglés) . File federal taxes online free 2012 2Tiene derecho a la deducción completa si no vivió con su cónyuge en ningún momento durante el año. File federal taxes online free 2012 Estado civil para efectos de la declaración. File federal taxes online free 2012   Su estado civil es lo que determina principalmente cuál será su estado civil para efectos de la declaración. File federal taxes online free 2012 Para este fin, necesita saber si su estado civil para efectos de la declaración es soltero o cabeza de familia, casado que presenta la declaración conjunta o viudo que reúne los requisitos o casado que presenta la declaración por separado. File federal taxes online free 2012 Si necesita más información sobre el estado civil para efectos de la declaración, vea el capítulo 2. File federal taxes online free 2012 Si vivió aparte de su cónyuge. File federal taxes online free 2012   Si no vivió con su cónyuge en ningún momento durante el año y presenta una declaración por separado, su estado civil para efectos de la declaración, para este propósito, es soltero. File federal taxes online free 2012 Ingresos brutos ajustados modificados (MAGI, por sus siglas en inglés). File federal taxes online free 2012   El método que usted utilice para calcular los ingresos brutos ajustados modificados depende de si presenta el Formulario 1040 o el Formulario 1040A. File federal taxes online free 2012 Si hizo aportaciones a su arreglo IRA para 2013 y recibió una distribución de la misma en 2013, vea la Publicación 590, en inglés. File federal taxes online free 2012 Usted quizás podría usar la Hoja de Trabajo 17-1 para calcular su ingreso bruto ajustado modificado (MAGI, por sus siglas en inglés). File federal taxes online free 2012    No suponga que sus ingresos brutos ajustados modificados son iguales a su remuneración. File federal taxes online free 2012 Los ingresos brutos ajustados modificados pueden incluir ingresos además de la remuneración (explicado anteriormente), como intereses, dividendos e ingresos de distribuciones de arreglos IRA. File federal taxes online free 2012 Formulario 1040. File federal taxes online free 2012   Si presenta el Formulario 1040, vuelva a calcular la cantidad en la línea para “ingresos brutos ajustados” de la página 1 sin tener en cuenta ninguna de las ocho siguientes cantidades: Deducción de un arreglo de ahorros para la jubilación (IRA, por sus siglas en inglés). File federal taxes online free 2012 Deducción de intereses sobre un préstamo de estudios. File federal taxes online free 2012 Deducción del costo de matrícula y cuotas escolares. File federal taxes online free 2012 Deducción por actividades de producción nacional. File federal taxes online free 2012 Exclusión de ingresos ganados de fuentes en el extranjero. File federal taxes online free 2012 Exclusión o deducción de asignaciones por concepto de vivienda en el extranjero. File federal taxes online free 2012 Exclusión de intereses de bonos de ahorros calificados anotada en el Formulario 8815, Exclusion of Interest From Series EE and I U. File federal taxes online free 2012 S. File federal taxes online free 2012 Savings Bonds Issued After 1989 (Exclusión de intereses recibidos de bonos de ahorros de EE. File federal taxes online free 2012 UU. File federal taxes online free 2012 de la Serie EE e I emitidos después de 1989), en inglés. File federal taxes online free 2012 Exclusión de beneficios por adopción proporcionados por el empleador anotada en el Formulario 8839, Qualified Adoption Expenses (Gastos de adopción calificados), en inglés. File federal taxes online free 2012 Éstos son sus ingresos brutos ajustados modificados. File federal taxes online free 2012 Formulario 1040A. File federal taxes online free 2012   Si presenta el Formulario 1040A, vuelva a calcular la cantidad en la línea para “ingresos brutos ajustados” de la página 1 sin tener en cuenta ninguna de las siguientes cantidades: Deducción de un arreglo de ahorros para la jubilación (IRA, por sus siglas en inglés). File federal taxes online free 2012 Deducción de intereses sobre un préstamo de estudios. File federal taxes online free 2012 Deducción del costo de matrícula y cuotas escolares. File federal taxes online free 2012 Exclusión de intereses de bonos de ahorros calificados anotada en el Formulario 8815, en inglés. File federal taxes online free 2012 Éstos son sus ingresos brutos ajustados modificados. File federal taxes online free 2012 Aportaciones para 2013 y distribuciones en 2013. File federal taxes online free 2012   Una parte de toda distribución de un arreglo IRA que haya recibido en 2013 podría estar exenta de impuestos y otra parte sujeta a impuestos si se dan las tres situaciones siguientes: Recibió distribuciones en 2013 de uno o más arreglos IRA tradicionales. File federal taxes online free 2012 Hizo aportaciones a un arreglo IRA tradicional para 2013. File federal taxes online free 2012 Algunas de estas aportaciones podrían ser aportaciones no deducibles. File federal taxes online free 2012 Si esta situación le corresponde, tiene que calcular la parte tributable de la distribución del arreglo IRA tradicional antes de calcular los ingresos brutos ajustados modificados. File federal taxes online free 2012 Para esto, puede utilizar la Hoja de Trabajo 1-5, Figuring the Taxable Part of Your IRA Distribution (Cómo calcular la parte tributable de la distribución de un arreglo IRA), en la Publicación 590, en inglés. File federal taxes online free 2012   Si no le corresponde por lo menos una de las situaciones anteriores, calcule los ingresos brutos ajustados modificados utilizando la Hoja de Trabajo 17-1, más adelante. File federal taxes online free 2012 Cómo calcular la deducción IRA reducida. File federal taxes online free 2012   Puede calcular la deducción IRA reducida para el Formulario 1040 o el Formulario 1040A utilizando las hojas de trabajo del capítulo 1 de la Publicación 590, en inglés. File federal taxes online free 2012 Además, las instrucciones para el Formulario 1040 y el Formulario 1040A incluyen hojas de trabajo similares que podría utilizar en su lugar. File federal taxes online free 2012 Cómo Declarar Aportaciones Deducibles Si presenta el Formulario 1040, anote la deducción por el IRA en la línea 32 de dicho formulario. File federal taxes online free 2012 Si presenta el Formulario 1040A, anote la deducción IRA en la línea 17. File federal taxes online free 2012 No puede deducir aportaciones hechas a un arreglo IRA utilizando el Formulario 1040EZ. File federal taxes online free 2012 Hoja de Trabajo 17-1. File federal taxes online free 2012 Cómo Calcular los Ingresos Brutos Ajustados Modificados Utilice esta hoja de trabajo para calcular los ingresos brutos ajustados modificados si tiene un arreglo IRA tradicional. File federal taxes online free 2012 1. File federal taxes online free 2012 Anote los ingresos brutos ajustados (AGI, por sus siglas en inglés) de la línea 38 del Formulario 1040 o de la línea 22 del Formulario 1040A, sin tomar en cuenta la cantidad de la línea 32 del Formulario 1040 o la línea 17 del Formulario 1040A 1. File federal taxes online free 2012   2. File federal taxes online free 2012 Anote toda deducción por intereses sobre un préstamo de estudios de la línea 33 del Formulario 1040 o de la línea 18 del Formulario 1040A 2. File federal taxes online free 2012   3. File federal taxes online free 2012 Anote toda deducción del costo de matrícula y cuotas escolares de la línea 34 del Formulario 1040 o de la línea 19 del Formulario 1040A 3. File federal taxes online free 2012   4. File federal taxes online free 2012 Anote toda deducción por actividades de producción nacionales de la línea 35 del Formulario 1040 4. File federal taxes online free 2012   5. File federal taxes online free 2012 Anote toda exclusión de ingresos devengados en el extranjero o por concepto de la exclusión por vivienda en el extranjero de la línea 45 del Formulario 2555 o de la línea 18 del Formulario 2555-EZ 5. File federal taxes online free 2012   6. File federal taxes online free 2012 Anote toda deducción por concepto de vivienda en el extranjero de la línea 50 del Formulario 2555 6. File federal taxes online free 2012   7. File federal taxes online free 2012 Anote todos los intereses de bonos de ahorros estadounidenses que se puedan excluir provenientes de la línea 14 del Formulario 8815 7. File federal taxes online free 2012   8. File federal taxes online free 2012 Anote toda prestación por adopción proporcionada por el empleador que haya sido excluida proveniente de la línea 28 del Formulario 8839 8. File federal taxes online free 2012   9. File federal taxes online free 2012 Sume las líneas 1 a 8. File federal taxes online free 2012 Éstos son sus Ingresos brutos ajustados modificados para propósitos de un arreglo IRA tradicional 9. File federal taxes online free 2012   Aportaciones no Deducibles Aunque la deducción por aportaciones a un arreglo IRA se podría reducir o eliminar, se pueden hacer aportaciones a un arreglo IRA hasta el límite general o, si le corresponde, hasta el límite de aportaciones a arreglos Kay Bailey Hutchison IRA para cónyuges. File federal taxes online free 2012 La diferencia entre el total de las aportaciones permitidas y la deducción IRA, si la hay, es la aportación no deducible. File federal taxes online free 2012 Ejemplo. File federal taxes online free 2012 Miguel tiene 28 años de edad y es soltero. File federal taxes online free 2012 En 2013, estuvo cubierto por un plan de jubilación en el trabajo. File federal taxes online free 2012 Recibió un sueldo de $57,312. File federal taxes online free 2012 Tuvo ingresos brutos ajustados modificados de $70,000. File federal taxes online free 2012 Para 2013, Miguel aportó $5,500 a su arreglo IRA. File federal taxes online free 2012 Como estuvo cubierto por un plan de jubilación y tuvo ingresos brutos ajustados modificados superiores a $69,000, no puede deducir la aportación de $5,500 a su arreglo IRA. File federal taxes online free 2012 Tiene que designar esta aportación como aportación no deducible al declararla en el Formulario 8606, como se explica a continuación. File federal taxes online free 2012 Formulario 8606. File federal taxes online free 2012   Para declarar aportaciones como no deducibles, tiene que presentar el Formulario 8606, en inglés. File federal taxes online free 2012   No tiene que declarar una aportación como no deducible antes de presentar la declaración de impuestos. File federal taxes online free 2012 Cuando presente la declaración, puede incluso declarar como no deducibles aportaciones que en otros casos se puedan deducir. File federal taxes online free 2012   Tiene que presentar el Formulario 8606 para declarar aportaciones no deducibles aun si no tiene que presentar una declaración de impuestos para el año. File federal taxes online free 2012 No se presenta un Formulario 8606 correspondiente al año en el que reinvierta en un arreglo IRA tradicional activos provenientes de un plan de jubilación calificado y dicha reinversión incluya cantidades no sujetas a impuestos. File federal taxes online free 2012 En tal caso, se completa un Formulario 8606 correspondiente al año en el que reciba una distribución de aquel arreglo IRA. File federal taxes online free 2012 Vea Formulario 8606, bajo Distribuciones Tributables en Parte o en su Totalidad, más adelante. File federal taxes online free 2012 Incumplimiento en la declaración de aportaciones no deducibles. File federal taxes online free 2012   Si no declara aportaciones no deducibles, todas las aportaciones hechas a su arreglo IRA tradicional se considerarán deducibles cuando se retiren. File federal taxes online free 2012 Toda distribución de su arreglo IRA está sujeta a impuestos a no ser que pueda demostrar, con pruebas suficientes, que se realizaron aportaciones no deducibles. File federal taxes online free 2012 Multa por declarar aportaciones en exceso. File federal taxes online free 2012   Si declara un exceso de aportaciones no deducibles en el Formulario 8606 para cualquier año tributario, tiene que pagar una multa de $100 por cada caso de declaración en exceso, a menos que exista una causa razonable. File federal taxes online free 2012 Multa por no presentar el Formulario 8606. File federal taxes online free 2012   Tendrá que pagar una multa de $50 si no presenta el Formulario 8606 obligatorio, a menos que pueda demostrar que existe una causa razonable. File federal taxes online free 2012 Impuestos sobre ganancias derivadas de aportaciones no deducibles. File federal taxes online free 2012   No se les gravarán impuestos a las ganancias procedentes de aportaciones (deducibles o no deducibles) hasta que se distribuyan, siempre y cuando dichas aportaciones estén dentro de los límites correspondientes. File federal taxes online free 2012 Vea ¿Cuándo Puede Retirar o Utilizar Activos de un Arreglo IRA? , más adelante. File federal taxes online free 2012 Base de costos. File federal taxes online free 2012   Tendrá una base de costos en su arreglo IRA tradicional si hizo alguna aportación no deducible. File federal taxes online free 2012 La base de costos es la suma de las aportaciones no deducibles hechas a un arreglo IRA menos todo retiro o distribución de aportaciones no deducibles. File federal taxes online free 2012 Arreglos IRA Heredados Si hereda un arreglo IRA tradicional, se le considera beneficiario. File federal taxes online free 2012 Un beneficiario puede ser toda persona o entidad elegida por el dueño del arreglo IRA para recibir los beneficios del mismo después de su fallecimiento. File federal taxes online free 2012 Los beneficiarios de un arreglo IRA tradicional tienen que incluir en los ingresos brutos toda distribución sujeta a impuestos que reciban. File federal taxes online free 2012 Arreglo heredado del cónyuge. File federal taxes online free 2012   Si hereda un arreglo IRA tradicional de su cónyuge, normalmente cuenta con las tres opciones siguientes: Tratarlo como si fuera el arreglo IRA de usted al designarse como el dueño del arreglo. File federal taxes online free 2012 Tratarlo como si fuera suyo al reinvertirlo en el arreglo IRA tradicional de usted o, en la medida en la que esté sujeto a impuestos, en: Un plan del empleador calificado, Un plan de anualidad del empleado calificado (plan conforme a la sección 403(a)), Un plan de anualidad que goza de refugio tributario (plan conforme a la sección 403(b)), Un plan de remuneración diferida del gobierno estatal o local (plan conforme a la sección 457). File federal taxes online free 2012 Considerarse el beneficiario en vez de tratar el arreglo IRA como si fuera suyo. File federal taxes online free 2012 Si trata el arreglo como si fuera suyo. File federal taxes online free 2012   Se considerará que usted ha optado por tratar el arreglo IRA como si fuera suyo si: Se realizan aportaciones (inclusive aportaciones de reinversión) al arreglo IRA heredado o No recibe la distribución mínima obligatoria para un año como beneficiario del arreglo IRA. File federal taxes online free 2012 Siempre se considerará que usted ha optado por tratar el arreglo IRA como si fuera suyo si: Es el único beneficiario del arreglo IRA y Tiene el derecho ilimitado de retirar fondos del mismo. File federal taxes online free 2012 No obstante, si recibe una distribución del arreglo IRA de su cónyuge fallecido, puede reinvertir dicha distribución en el arreglo IRA de usted dentro del límite de 60 días, siempre que la distribución no sea distribución obligatoria, aunque usted no sea el único beneficiario del arreglo IRA de su cónyuge fallecido. File federal taxes online free 2012 Arreglo heredado de una persona que no sea el cónyuge. File federal taxes online free 2012   Si hereda un arreglo IRA tradicional de cualquier persona que no sea su cónyuge fallecido, no puede tratar el arreglo IRA heredado como si fuera suyo. File federal taxes online free 2012 Esto significa que no puede hacer aportaciones al arreglo IRA. File federal taxes online free 2012 Además, significa que no puede reinvertir fondos de otro arreglo en el arreglo IRA heredado ni sacar fondos del mismo para reinvertirlos en otro arreglo IRA. File federal taxes online free 2012 No obstante, puede efectuar un traspaso de fideicomisario a fideicomisario siempre y cuando el arreglo IRA al cual se traspasan los fondos haya sido establecido y mantenido en nombre del dueño fallecido del arreglo IRA teniéndolo a usted como beneficiario. File federal taxes online free 2012 Para más información, vea el tema sobre Arreglos IRA heredados , bajo Reinversión de un Arreglo IRA en Otro, más adelante. File federal taxes online free 2012 ¿Puede Traspasar Activos de un Plan de Jubilación? Puede traspasar activos (cantidades monetarias o propiedad) de otros planes de jubilación (inclusive los arreglos IRA tradicionales) a un arreglo IRA tradicional, sin que dichos activos estén sujetos a impuestos. File federal taxes online free 2012 Se permiten traspasos como se indica a continuación: Traspasos de un fideicomisario a otro. File federal taxes online free 2012 Reinversiones. File federal taxes online free 2012 Traspasos a raíz de un divorcio. File federal taxes online free 2012 Traspasos a un arreglo Roth IRA. File federal taxes online free 2012   En ciertas circunstancias, puede traspasar activos de un arreglo IRA tradicional o arreglo designado Roth IRA a un arreglo Roth IRA. File federal taxes online free 2012 También puede trasladar activos de un plan de jubilación calificados a un arreglo Roth IRA. File federal taxes online free 2012 Vea ¿Se Pueden Trasladar Activos a un Arreglo Roth IRA? bajo Arreglos Roth IRA , más adelante. File federal taxes online free 2012 Traspaso de Fideicomisario a Fideicomisario Un traspaso de fondos en un arreglo IRA tradicional directamente de un fideicomisario a otro, ya sea a petición suya o de dicho fideicomisario, no se considera una reinversión. File federal taxes online free 2012 Como usted no recibe distribución alguna, el traspaso está exento de impuestos. File federal taxes online free 2012 Ya que no es una reinversión, no se ve afectada por el período de espera de 1 año obligatorio entre las reinversiones, el cual se explica más adelante bajo Reinversión de un Arreglo IRA en Otro . File federal taxes online free 2012 Para información acerca de los traspasos directos a arreglos IRA desde planes de jubilación que no sean arreglos IRA, vea el tema titulado Can You Move Retirement Plan Assets? (¿Puede traspasar activos de un plan de jubilación?), en el capítulo 1, y el tema Can You Move Amounts Into a Roth IRA? (¿Puede traspasar activos a un arreglo Roth IRA?), en el capítulo 2 de la Publicación 590, en inglés. File federal taxes online free 2012 Reinversiones Normalmente, una reinversión es una distribución exenta de impuestos que consta de fondos en efectivo u otros activos provenientes de un plan de jubilación que usted reinvierte en otro plan de jubilación. File federal taxes online free 2012 La aportación al segundo plan de jubilación se llama “aportación de reinversión”. File federal taxes online free 2012 Nota: Una cantidad de fondos reinvertida exenta de impuestos de un plan de jubilación en otro suele incluirse en los ingresos cuando se distribuye del segundo plan. File federal taxes online free 2012 Tipos de reinversiones a un arreglo IRA tradicional. File federal taxes online free 2012   Puede reinvertir fondos de los siguientes planes en un arreglo IRA tradicional: Un arreglo IRA tradicional, Un plan de jubilación calificado ofrecido a los empleados por su empleador, Un plan de remuneración diferida del gobierno estatal o local (plan conforme a la sección 457) o Un plan de anualidad que goza de refugio tributario (plan conforme a la sección 403(b)). File federal taxes online free 2012 Cómo declarar reinversiones. File federal taxes online free 2012   No puede deducir una aportación de reinversión, pero tiene que declararla en la declaración de impuestos según se explica más adelante bajo Cómo declarar las reinversiones de arreglos IRA y bajo Cómo declarar las reinversiones de planes del empleador . File federal taxes online free 2012 Tipos de reinversiones de un arreglo IRA tradicional. File federal taxes online free 2012   Tal vez pueda reinvertir en un plan calificado, exento de impuestos, una distribución de su arreglo IRA tradicional. File federal taxes online free 2012 Estos planes abarcan el Thrift Savings Fund (Fondo de Economía de Ahorros) (para empleados federales), planes de compensación diferida estatales o locales (planes conforme a la sección 457) y plan de anualidad que goza de refugio tributario (plan conforme a la sección 403(b)). File federal taxes online free 2012 La parte de la distribución que se puede reinvertir es la parte que de otra manera estaría sujeta a impuestos (se incluiría en sus ingresos). File federal taxes online free 2012 Los planes calificados pueden aceptar reinversiones de esta índole aunque no están obligados a hacerlo. File federal taxes online free 2012 Plazo para hacer aportaciones de reinversión. File federal taxes online free 2012   Normalmente debe hacer la reinversión a más tardar el sexagésimo (60) día que sigue al día en el que reciba la distribución de su arreglo IRA tradicional o del plan de su empleador. File federal taxes online free 2012 El IRS puede eximirlo del requisito de 60 días si la aplicación de dicho requisito estuviese en contra de la equidad o de la buena conciencia, como en el caso de un hecho fortuito, desastre u otro evento razonablemente fuera de su control. File federal taxes online free 2012 Para más información, vea el tema titulado Can You Move Retirement Plan Assets? (¿Puede traspasar activos de un plan de jubilación?), en el capítulo 1 de la Publicación 590, en inglés. File federal taxes online free 2012 Prórroga del plazo para hacer reinversiones. File federal taxes online free 2012   Si una cantidad de fondos que se le haya distribuido de un arreglo IRA tradicional o un plan del empleador para la jubilación que reúna los requisitos resulta ser depósito bloqueado en algún momento del plazo de 60 días permitido para reinversiones, existen reglas especiales que prorrogan el plazo para hacer reinversiones. File federal taxes online free 2012 Para más información, vea el tema titulado Can You Move Retirement Plan Assets? (¿Puede traspasar activos de un plan de jubilación?), en el capítulo 1 de la Publicación 590, en inglés. File federal taxes online free 2012 Información adicional. File federal taxes online free 2012   Para información adicional sobre las reinversiones, vea el tema titulado Can You Move Retirement Plan Assets? (¿Puede traspasar activos de un plan de jubilación?), en el capítulo 1 de la Publicación 590, en inglés. File federal taxes online free 2012 Reinversión de un Arreglo IRA en Otro Puede retirar, exenta de impuestos, la totalidad o parte de los activos de un arreglo IRA tradicional si los reinvierte en el mismo u otro arreglo IRA tradicional dentro de 60 días. File federal taxes online free 2012 Como se trata de una reinversión, no puede deducir la cantidad de activos que reinvierta en un arreglo IRA. File federal taxes online free 2012 Período de espera entre reinversiones. File federal taxes online free 2012   Normalmente, si reinvierte libre de impuestos parte alguna de una distribución de un arreglo IRA tradicional, no puede reinvertir libre de impuestos ninguna distribución posterior de dicho arreglo IRA dentro del plazo de 1 año. File federal taxes online free 2012 Tampoco puede reinvertir libre de impuestos cantidad alguna que se haya distribuido, dentro del mismo período de 1 año, del arreglo IRA en el que reinvirtió la cantidad libre de impuestos. File federal taxes online free 2012   El plazo de 1 año comienza en la fecha en la que reciba la distribución del arreglo IRA. File federal taxes online free 2012 No comienza en la fecha en la que reinvierta dicha distribución en un arreglo IRA. File federal taxes online free 2012 Ejemplo. File federal taxes online free 2012 Tiene dos arreglos IRA tradicionales, IRA-1 e IRA-2. File federal taxes online free 2012 Reinvierte libre de impuestos una distribución del arreglo IRA-1 en un nuevo arreglo IRA tradicional, el arreglo IRA-3. File federal taxes online free 2012 No puede reinvertir libre de impuestos distribución alguna de los arreglos IRA-1 o IRA-3 en otro arreglo IRA tradicional dentro del plazo de 1 año de haber realizado la distribución del arreglo IRA-1. File federal taxes online free 2012 No obstante, la reinversión del arreglo IRA-1 en el arreglo IRA-3 no impide que haga una reinversión exenta de impuestos del arreglo IRA-2 en cualquier otro arreglo IRA tradicional. File federal taxes online free 2012 Esto se debe a que no ha reinvertido libre de impuestos, dentro del año pasado, distribución alguna del arreglo IRA-2 ni ha hecho una reinversión exenta de impuestos en dicho arreglo. File federal taxes online free 2012 Excepción. File federal taxes online free 2012   Hay una excepción a la regla para distribuciones de una institución financiera fracasada, vea el tema titulado Rollover From One IRA Into Another (Reinversión de un arreglo IRA en otro), bajo Can You Move Retirement Plan Assets? (¿Puede traspasar activos de un plan de jubilación?), en el capítulo 1 de la Publicación 590, en inglés. File federal taxes online free 2012 Reinversiones parciales. File federal taxes online free 2012   Si retira activos de un arreglo IRA tradicional, puede reinvertir libre de impuestos una parte de los activos retirados para quedarse con el resto. File federal taxes online free 2012 La cantidad con la que se queda suele estar sujeta a impuestos (salvo la parte de esta cantidad que represente una devolución de aportaciones no deducibles). File federal taxes online free 2012 La cantidad con la que se queda podría estar sujeta al impuesto adicional del 10% sobre distribuciones prematuras, explicadas más adelante bajo ¿Qué Acciones Dan Lugar a Multas o Impuestos Adicionales? . File federal taxes online free 2012 Distribuciones obligatorias. File federal taxes online free 2012   Las cantidades que se tengan que distribuir en un año particular conforme a las reglas de distribuciones obligatorias (explicadas más adelante) no cumplen los requisitos para ser consideradas reinversiones. File federal taxes online free 2012 Arreglos IRA heredados. File federal taxes online free 2012   Si hereda un arreglo IRA tradicional de su cónyuge, normalmente lo puede reinvertir o puede optar por hacerse dueño del mismo. File federal taxes online free 2012 Vea Si trata el arreglo como si fuera suyo , anteriormente. File federal taxes online free 2012 Arreglo no heredado del cónyuge. File federal taxes online free 2012   Si hereda un arreglo IRA tradicional de una persona que no sea su cónyuge, no lo puede reinvertir ni dejar que éste reciba una reinversión. File federal taxes online free 2012 Tiene que retirar los activos del arreglo IRA dentro de un plazo determinado. File federal taxes online free 2012 Para más información, vea el tema titulado When Must You Withdraw Assets? (¿Cuándo tiene que retirar activos?), en el capítulo 1 de la Publicación 590, en inglés. File federal taxes online free 2012 Cómo declarar las reinversiones de arreglos IRA. File federal taxes online free 2012   Declare toda reinversión de un arreglo IRA tradicional en el mismo arreglo IRA u otro arreglo IRA tradicional en las líneas 15a y 15b del Formulario 1040 o en las líneas 11a y 11b del Formulario 1040A como se indica. File federal taxes online free 2012   Anote la cantidad total de la distribución en la línea 15a del Formulario 1040 o en la línea 11a del Formulario 1040A. File federal taxes online free 2012 Si la cantidad total de la línea 15a del Formulario 1040 o de la línea 11a del Formulario 1040A se reinvirtió, anote cero en la línea 15b del Formulario 1040 o en la línea 11b del Formulario 1040A. File federal taxes online free 2012 Si el total de la distribución no se reinvirtió, anote en la línea 15b del Formulario 1040 o en la línea 11b del Formulario 1040A la parte no reinvertida sujeta a impuestos. File federal taxes online free 2012 Escriba “Rollover” (Reinversión) directamente al lado de la línea 15b del Formulario 1040 o de la línea 11b del Formulario 1040A. File federal taxes online free 2012 Vea las instrucciones correspondientes a su declaración de impuestos. File federal taxes online free 2012   Si reinvirtió la distribución en un plan calificado (a excepción de un arreglo IRA) o efectúa la reinversión en 2014, incluya una declaración escrita que explique la transacción. File federal taxes online free 2012 Reinversión del Plan del Empleador en un Arreglo IRA Puede reinvertir en un arreglo IRA tradicional la totalidad o parte de una distribución con derecho a reinversión que haya recibido de los siguientes planes, con tal de que dichos planes le pertenezcan a usted (o su cónyuge fallecido): Pensión del empleador que reúna los requisitos, plan de participación de beneficios o plan de participación de acciones, Plan de anualidad, Un plan de anualidad que goza de refugio tributario (plan conforme a la sección 403(b)) o Plan de remuneración diferida del gobierno (plan conforme a la sección 457). File federal taxes online free 2012 Un plan calificado es aquél que cumple las condiciones del Código Federal de Impuestos Internos. File federal taxes online free 2012 Distribución con derecho a reinversión. File federal taxes online free 2012   Generalmente, una distribución con derecho a reinversión es toda distribución del total, o de parte alguna, del saldo a su favor en un plan de jubilación calificado, salvo lo siguiente: Una distribución mínima obligatoria (se explica más adelante bajo ¿Cuándo Tiene que Retirar Activos de un Arreglo IRA? (Distribuciones Mínimas Obligatorias) ). File federal taxes online free 2012 Distribuciones por situaciones onerosas. File federal taxes online free 2012 Toda serie de distribuciones periódicas sustancialmente iguales pagadas por lo menos una vez al año a lo largo de: Su vida o expectativa de vida, La vida o expectativa de vida de usted y su beneficiario o Un período de 10 años o más. File federal taxes online free 2012 Distribuciones correctivas de aportaciones en exceso o aplazamientos en exceso y todo ingreso asignable al exceso. File federal taxes online free 2012 También se incluyen distribuciones correctivas de adiciones anuales en exceso y toda ganancia asignable a éste. File federal taxes online free 2012 Un préstamo tratado como distribución debido a que no satisface ciertas condiciones ya sea en la fecha en la que se otorgue o posteriormente (como en el caso de incumplimiento de pago), a no ser que los beneficios acumulados del participante se reduzcan (se compensen) para reembolsar el préstamo. File federal taxes online free 2012 Dividendos de valores bursátiles del empleador. File federal taxes online free 2012 El costo de cobertura de seguro de vida. File federal taxes online free 2012 Toda cantidad no sujeta a impuestos reinvertida en su arreglo IRA tradicional forma parte de la base (costo) de sus arreglos IRA. File federal taxes online free 2012 Para recuperar la base después de sacar distribuciones de su arreglo IRA, debe llenar el Formulario 8606 para el año de la distribución. File federal taxes online free 2012 Vea Formulario 8606 bajo Distribuciones Tributables en Parte o en su Totalidad, más adelante. File federal taxes online free 2012 Reinversión por parte de un beneficiario que no sea el cónyuge. File federal taxes online free 2012   Si un empleado fallecido había establecido una pensión que reúna los requisitos, plan de participación de ganancias o plan de bonificación de acciones, plan de anualidad, plan de anualidad que goce de refugio tributario (conforme a la sección 403(b)) o plan de compensación diferida del gobierno (conforme a la sección 457), y se realiza un traspaso directo de cualquiera de éstos a un arreglo de ahorros para la jubilación (IRA) en donde se ha establecido que se puede recibir la distribución a favor de usted, dichos fondos traspasados se pueden considerar distribución con derecho a reinversión si usted es el beneficiario designado del plan y no es el cónyuge del empleado. File federal taxes online free 2012 El arreglo IRA se considera un arreglo de jubilación legada por el fallecido. File federal taxes online free 2012 Para más información acerca de los arreglos IRA heredados, vea Arreglos IRA Heredados , anteriormente. File federal taxes online free 2012 Cómo declarar las reinversiones de planes del empleador. File federal taxes online free 2012    Anote el total de la distribución (antes de la retención del impuesto sobre el ingreso u otras deducciones) en la línea 16a del Formulario 1040 o en la línea 12a del Formulario 1040A. File federal taxes online free 2012 Esta cantidad debe aparecer en el recuadro 1 del Formulario 1099-R. File federal taxes online free 2012 De dicha cantidad, reste toda aportación (que suele aparecer en el recuadro 5 del Formulario 1099-R) que estuviese sujeta a impuestos en la fecha de su realización. File federal taxes online free 2012 De este resultado, reste la cantidad que se haya reinvertido ya sea de manera directa o dentro de 60 días de haberse recibido la distribución. File federal taxes online free 2012 Anote la cantidad restante, aunque sea cero, en la línea 16b del Formulario 1040 o en la línea 12b del Formulario 1040A. File federal taxes online free 2012 Además, escriba “Rollover” (Reinversión) directamente al lado de la línea 16b del Formulario 1040 o de la línea 12b del Formulario 1040A. File federal taxes online free 2012 Traspasos a Raíz de un Divorcio Si se le traspasan los intereses en un arreglo IRA tradicional de su cónyuge o ex cónyuge por decreto de divorcio o de manutención por separación o un documento escrito relacionado a tal decreto, los intereses en el arreglo IRA, a partir de la fecha del traspaso, se consideran su propio arreglo IRA. File federal taxes online free 2012 El traspaso está libre de impuestos. File federal taxes online free 2012 Para más información, vea el tema titulado Can You Move Retirement Plan Assets? (¿Puede traspasar activos de un plan de jubilación?), en el capítulo 1 de la Publicación 590, en inglés. File federal taxes online free 2012 Cómo Convertir Cantidades de un Arreglo IRA Tradicional en un Arreglo Roth IRA Conversiones permitidas. File federal taxes online free 2012   Puede retirar todos los activos de un arreglo IRA tradicional, o una parte de los mismos, y reinvertirlos (dentro de un plazo de 60 días) en un arreglo Roth IRA. File federal taxes online free 2012 El monto retirado y aportado (convertido) al arreglo Roth IRA dentro del plazo acordado se denomina una aportación de conversión. File federal taxes online free 2012 Si se reinvierte correctamente (y dentro del plazo acordado), no corresponderá el impuesto adicional del 10% sobre las distribuciones prematuras. File federal taxes online free 2012 Sin embargo, toda o parte de la aportación que se convierte de su arreglo IRA tradicional se incluye en sus ingresos brutos. File federal taxes online free 2012 Distribuciones obligatorias. File federal taxes online free 2012   No puede convertir cantidades que se tengan que distribuir de su arreglo IRA tradicional para algún año en particular (inclusive el año natural en el que cumpla 70 años y medio de edad) bajo las reglas de las distribuciones obligatorias (explicadas más adelante). File federal taxes online free 2012 Ingresos. File federal taxes online free 2012   Tiene que incluir en los ingresos brutos toda distribución de un arreglo IRA tradicional que habría tenido que incluir en los ingresos si no la hubiera convertido a un arreglo Roth IRA. File federal taxes online free 2012 Normalmente, estas cantidades se incluyen en los ingresos en la declaración correspondiente al año