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

1. Get Answers

Your online questions are customized to your unique tax situation.

2. Maximize your Refund

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

3. E-File for FREE

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

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

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

Filling Out 1040x

2013 Irs 1040ezArmy H&r BlockTaxact 1040nrOnline Tax Filing 1040nrGeorgia State Income Tax Forms 2012File Federal And State Taxes For Free1040ez Instruction BookFree E File State TaxesElectronic 1040xState Unemployment TaxForm1040ez1041xHow Can I Amend My TaxesFree Tax Filing OnlineFree Military TaxesCan Still E File 2011 TaxesI Still Need To File My 2012 Taxes2012 Federal Tax Forms 1040 InstructionsH And R Block 1040ezForm 1040x Amended ReturnPenalty For Filing Taxes LateWhat Can Students Write Off On TaxesIrs Form 4868How Can I Amend My 2010 Tax ReturnTurbo TaxTurbo Tax 2012Turbotax 2011 DownloadTax Software ComparisonTurbotax MilitaryWww Myfreetaxes Com Sandiego1040 Ez InstructionsTurbotax Military EditionAmmend TaxesTax Form 1040ez 20132012 Federal Tax AmendmentFree Tax FilingFile State Taxes For Free OnlineFederal Tax Forms For 2012Free Tax Estimator2011 Taxes Online Free

Filling Out 1040x

Filling out 1040x 4. Filling out 1040x   Transportation Table of Contents Parking fees. Filling out 1040x Advertising display on car. Filling out 1040x Car pools. Filling out 1040x Hauling tools or instruments. Filling out 1040x Union members' trips from a union hall. Filling out 1040x Car ExpensesStandard Mileage Rate Actual Car Expenses Leasing a Car Disposition of a Car This chapter discusses expenses you can deduct for business transportation when you are not traveling away from home as defined in chapter 1. Filling out 1040x These expenses include the cost of transportation by air, rail, bus, taxi, etc. Filling out 1040x , and the cost of driving and maintaining your car. Filling out 1040x Transportation expenses include the ordinary and necessary costs of all of the following. Filling out 1040x Getting from one workplace to another in the course of your business or profession when you are traveling within the city or general area that is your tax home. Filling out 1040x Tax home is defined in chapter 1. Filling out 1040x Visiting clients or customers. Filling out 1040x Going to a business meeting away from your regular workplace. Filling out 1040x Getting from your home to a temporary workplace when you have one or more regular places of work. Filling out 1040x These temporary workplaces can be either within the area of your tax home or outside that area. Filling out 1040x Transportation expenses do not include expenses you have while traveling away from home overnight. Filling out 1040x Those expenses are travel expenses discussed in chapter 1 . Filling out 1040x However, if you use your car while traveling away from home overnight, use the rules in this chapter to figure your car expense deduction. Filling out 1040x See Car Expenses , later. Filling out 1040x Daily transportation expenses you incur while traveling from home to one or more regular places of business are generally nondeductible commuting expenses. Filling out 1040x However, there may be exceptions to this general rule. Filling out 1040x You can deduct daily transportation expenses incurred going between your residence and a temporary work station outside the metropolitan area where you live. Filling out 1040x Also, daily transportation expenses can be deducted if: (1) you have one or more regular work locations away from your residence or (2) your residence is your principal place of business and you incur expenses going between the residence and another work location in the same trade or business, regardless of whether the work is temporary or permanent and regardless of the distance. Filling out 1040x Illustration of transportation expenses. Filling out 1040x    Figure B , earlier, illustrates the rules that apply for deducting transportation expenses when you have a regular or main job away from your home. Filling out 1040x You may want to refer to it when deciding whether you can deduct your transportation expenses. Filling out 1040x Temporary work location. Filling out 1040x   If you have one or more regular work locations away from your home and you commute to a temporary work location in the same trade or business, you can deduct the expenses of the daily round-trip transportation between your home and the temporary location, regardless of distance. Filling out 1040x   If your employment at a work location is realistically expected to last (and does in fact last) for 1 year or less, the employment is temporary unless there are facts and circumstances that would indicate otherwise. Filling out 1040x   If your employment at a work location is realistically expected to last for more than 1 year or if there is no realistic expectation that the employment will last for 1 year or less, the employment is not temporary, regardless of whether it actually lasts for more than 1 year. Filling out 1040x   If employment at a work location initially is realistically expected to last for 1 year or less, but at some later date the employment is realistically expected to last more than 1 year, that employment will be treated as temporary (unless there are facts and circumstances that would indicate otherwise) until your expectation changes. Filling out 1040x It will not be treated as temporary after the date you determine it will last more than 1 year. Filling out 1040x   If the temporary work location is beyond the general area of your regular place of work and you stay overnight, you are traveling away from home. Filling out 1040x You may have deductible travel expenses as discussed in chapter 1 . Filling out 1040x No regular place of work. Filling out 1040x   If you have no regular place of work but ordinarily work in the metropolitan area where you live, you can deduct daily transportation costs between home and a temporary work site outside that metropolitan area. Filling out 1040x   Generally, a metropolitan area includes the area within the city limits and the suburbs that are considered part of that metropolitan area. Filling out 1040x   You cannot deduct daily transportation costs between your home and temporary work sites within your metropolitan area. Filling out 1040x These are nondeductible commuting expenses. Filling out 1040x Two places of work. Filling out 1040x   If you work at two places in one day, whether or not for the same employer, you can deduct the expense of getting from one workplace to the other. Filling out 1040x However, if for some personal reason you do not go directly from one location to the other, you cannot deduct more than the amount it would have cost you to go directly from the first location to the second. Filling out 1040x   Transportation expenses you have in going between home and a part-time job on a day off from your main job are commuting expenses. Filling out 1040x You cannot deduct them. Filling out 1040x Armed Forces reservists. Filling out 1040x   A meeting of an Armed Forces reserve unit is a second place of business if the meeting is held on a day on which you work at your regular job. Filling out 1040x You can deduct the expense of getting from one workplace to the other as just discussed under Two places of work . Filling out 1040x   You usually cannot deduct the expense if the reserve meeting is held on a day on which you do not work at your regular job. Filling out 1040x In this case, your transportation generally is a nondeductible commuting expense. Filling out 1040x However, you can deduct your transportation expenses if the location of the meeting is temporary and you have one or more regular places of work. Filling out 1040x   If you ordinarily work in a particular metropolitan area but not at any specific location and the reserve meeting is held at a temporary location outside that metropolitan area, you can deduct your transportation expenses. Filling out 1040x   If you travel away from home overnight to attend a guard or reserve meeting, you can deduct your travel expenses. Filling out 1040x These expenses are discussed in chapter 1 . Filling out 1040x   If you travel more than 100 miles away from home in connection with your performance of services as a member of the reserves, you may be able to deduct some of your reserve-related travel costs as an adjustment to gross income rather than as an itemized deduction. Filling out 1040x For more information, see Armed Forces Reservists Traveling More Than 100 Miles From Home under Special Rules, in chapter 6. Filling out 1040x Commuting expenses. Filling out 1040x   You cannot deduct the costs of taking a bus, trolley, subway, or taxi, or of driving a car between your home and your main or regular place of work. Filling out 1040x These costs are personal commuting expenses. Filling out 1040x You cannot deduct commuting expenses no matter how far your home is from your regular place of work. Filling out 1040x You cannot deduct commuting expenses even if you work during the commuting trip. Filling out 1040x Example. Filling out 1040x You sometimes use your cell phone to make business calls while commuting to and from work. Filling out 1040x Sometimes business associates ride with you to and from work, and you have a business discussion in the car. Filling out 1040x These activities do not change the trip from personal to business. Filling out 1040x You cannot deduct your commuting expenses. Filling out 1040x Parking fees. Filling out 1040x    Fees you pay to park your car at your place of business are nondeductible commuting expenses. Filling out 1040x You can, however, deduct business-related parking fees when visiting a customer or client. Filling out 1040x Advertising display on car. Filling out 1040x   Putting display material that advertises your business on your car does not change the use of your car from personal use to business use. Filling out 1040x If you use this car for commuting or other personal uses, you still cannot deduct your expenses for those uses. Filling out 1040x Car pools. Filling out 1040x   You cannot deduct the cost of using your car in a nonprofit car pool. Filling out 1040x Do not include payments you receive from the passengers in your income. Filling out 1040x These payments are considered reimbursements of your expenses. Filling out 1040x However, if you operate a car pool for a profit, you must include payments from passengers in your income. Filling out 1040x You can then deduct your car expenses (using the rules in this publication). Filling out 1040x Hauling tools or instruments. Filling out 1040x   Hauling tools or instruments in your car while commuting to and from work does not make your car expenses deductible. Filling out 1040x However, you can deduct any additional costs you have for hauling tools or instruments (such as for renting a trailer you tow with your car). Filling out 1040x Union members' trips from a union hall. Filling out 1040x   If you get your work assignments at a union hall and then go to your place of work, the costs of getting from the union hall to your place of work are nondeductible commuting expenses. Filling out 1040x Although you need the union to get your work assignments, you are employed where you work, not where the union hall is located. Filling out 1040x Office in the home. Filling out 1040x   If you have an office in your home that qualifies as a principal place of business, you can deduct your daily transportation costs between your home and another work location in the same trade or business. Filling out 1040x (See Publication 587, Business Use of Your Home, for information on determining if your home office qualifies as a principal place of business. Filling out 1040x ) Examples of deductible transportation. Filling out 1040x   The following examples show when you can deduct transportation expenses based on the location of your work and your home. Filling out 1040x Example 1. Filling out 1040x You regularly work in an office in the city where you live. Filling out 1040x Your employer sends you to a 1-week training session at a different office in the same city. Filling out 1040x You travel directly from your home to the training location and return each day. Filling out 1040x You can deduct the cost of your daily round-trip transportation between your home and the training location. Filling out 1040x Example 2. Filling out 1040x Your principal place of business is in your home. Filling out 1040x You can deduct the cost of round-trip transportation between your qualifying home office and your client's or customer's place of business. Filling out 1040x Example 3. Filling out 1040x You have no regular office, and you do not have an office in your home. Filling out 1040x In this case, the location of your first business contact inside the metropolitan area is considered your office. Filling out 1040x Transportation expenses between your home and this first contact are nondeductible commuting expenses. Filling out 1040x Transportation expenses between your last business contact and your home are also nondeductible commuting expenses. Filling out 1040x While you cannot deduct the costs of these trips, you can deduct the costs of going from one client or customer to another. Filling out 1040x Car Expenses If you use your car for business purposes, you ordinarily can deduct car expenses. Filling out 1040x You generally can use one of the two following methods to figure your deductible expenses. Filling out 1040x Standard mileage rate. Filling out 1040x Actual car expenses. Filling out 1040x If you use actual expenses to figure your deduction for a car you lease, there are rules that affect the amount of your lease payments you can deduct. Filling out 1040x See Leasing a Car , later. Filling out 1040x In this publication, “car” includes a van, pickup, or panel truck. Filling out 1040x For the definition of “car” for depreciation purposes, see Car defined under Actual Car Expenses, later. Filling out 1040x Rural mail carriers. Filling out 1040x   If you are a rural mail carrier, you may be able to treat the qualified reimbursement you received as your allowable expense. Filling out 1040x Because the qualified reimbursement is treated as paid under an accountable plan, your employer should not include the reimbursement in your income. Filling out 1040x   If your vehicle expenses are more than the amount of your reimbursement, you can deduct the unreimbursed expenses as an itemized deduction on Schedule A (Form 1040). Filling out 1040x You must complete Form 2106 and attach it to your Form 1040, U. Filling out 1040x S. Filling out 1040x Individual Income Tax Return. Filling out 1040x   A “qualified reimbursement” is the reimbursement you receive that meets both of the following conditions. Filling out 1040x It is given as an equipment maintenance allowance (EMA) to employees of the U. Filling out 1040x S. Filling out 1040x Postal Service. Filling out 1040x It is at the rate contained in the 1991 collective bargaining agreement. Filling out 1040x Any later agreement cannot increase the qualified reimbursement amount by more than the rate of inflation. Filling out 1040x See your employer for information on your reimbursement. Filling out 1040x    If you are a rural mail carrier and received a qualified reimbursement, you cannot use the standard mileage rate. Filling out 1040x Standard Mileage Rate You may be able to use the standard mileage rate to figure the deductible costs of operating your car for business purposes. Filling out 1040x For 2013, the standard mileage rate for the cost of operating your car for business use is 56½ cents per mile. Filling out 1040x If you use the standard mileage rate for a year, you cannot deduct your actual car expenses for that year. Filling out 1040x You cannot deduct depreciation, lease payments, maintenance and repairs, gasoline (including gasoline taxes), oil, insurance, or vehicle registration fees. Filling out 1040x See Choosing the standard mileage rate and Standard mileage rate not allowed, later. Filling out 1040x You generally can use the standard mileage rate whether or not you are reimbursed and whether or not any reimbursement is more or less than the amount figured using the standard mileage rate. Filling out 1040x See chapter 6 for more information on reimbursements . Filling out 1040x Choosing the standard mileage rate. Filling out 1040x   If you want to use the standard mileage rate for a car you own, you must choose to use it in the first year the car is available for use in your business. Filling out 1040x Then, in later years, you can choose to use either the standard mileage rate or actual expenses. Filling out 1040x   If you want to use the standard mileage rate for a car you lease, you must use it for the entire lease period. Filling out 1040x For leases that began on or before December 31, 1997, the standard mileage rate must be used for the entire portion of the lease period (including renewals) that is after 1997. Filling out 1040x   You must make the choice to use the standard mileage rate by the due date (including extensions) of your return. Filling out 1040x You cannot revoke the choice. Filling out 1040x However, in later years, you can switch from the standard mileage rate to the actual expenses method. Filling out 1040x If you change to the actual expenses method in a later year, but before your car is fully depreciated, you have to estimate the remaining useful life of the car and use straight line depreciation. Filling out 1040x Example. Filling out 1040x Larry is an employee who occasionally uses his own car for business purposes. Filling out 1040x He purchased the car in 2011, but he did not claim any unreimbursed employee expenses on his 2011 tax return. Filling out 1040x Because Larry did not use the standard mileage rate the first year the car was available for business use, he cannot use the standard mileage rate in 2013 to claim unreimbursed employee business expenses. Filling out 1040x   For more information about depreciation included in the standard mileage rate, see Exception under Methods of depreciation, later. Filling out 1040x Standard mileage rate not allowed. Filling out 1040x   You cannot use the standard mileage rate if you: Use five or more cars at the same time (such as in fleet operations), Claimed a depreciation deduction for the car using any method other than straight line, for example, MACRS (as discussed later under Depreciation Deduction), Claimed a section 179 deduction (discussed later) on the car, Claimed the special depreciation allowance on the car, Claimed actual car expenses after 1997 for a car you leased, or Are a rural mail carrier who received a qualified reimbursement. Filling out 1040x (See Rural mail carriers , earlier. Filling out 1040x ) Note. Filling out 1040x You can elect to use the standard mileage rate if you used a car for hire (such as a taxi) unless the standard mileage rate is otherwise not allowed, as discussed above. Filling out 1040x Five or more cars. Filling out 1040x   If you own or lease five or more cars that are used for business at the same time, you cannot use the standard mileage rate for the business use of any car. Filling out 1040x However, you may be able to deduct your actual expenses for operating each of the cars in your business. Filling out 1040x See Actual Car Expenses , later, for information on how to figure your deduction. Filling out 1040x   You are not using five or more cars for business at the same time if you alternate using (use at different times) the cars for business. Filling out 1040x   The following examples illustrate the rules for when you can and cannot use the standard mileage rate for five or more cars. Filling out 1040x Example 1. Filling out 1040x Marcia, a salesperson, owns three cars and two vans that she alternates using for calling on her customers. Filling out 1040x She can use the standard mileage rate for the business mileage of the three cars and the two vans because she does not use them at the same time. Filling out 1040x Example 2. Filling out 1040x Tony and his employees use his four pickup trucks in his landscaping business. Filling out 1040x During the year, he traded in two of his old trucks for two newer ones. Filling out 1040x Tony can use the standard mileage rate for the business mileage of all six of the trucks he owned during the year. Filling out 1040x Example 3. Filling out 1040x Chris owns a repair shop and an insurance business. Filling out 1040x He and his employees use his two pickup trucks and van for the repair shop. Filling out 1040x Chris alternates using his two cars for the insurance business. Filling out 1040x No one else uses the cars for business purposes. Filling out 1040x Chris can use the standard mileage rate for the business use of the pickup trucks, van, and the cars because he never has more than four vehicles used for business at the same time. Filling out 1040x Example 4. Filling out 1040x Maureen owns a car and four vans that are used in her housecleaning business. Filling out 1040x Her employees use the vans, and she uses the car to travel to various customers. Filling out 1040x Maureen cannot use the standard mileage rate for the car or the vans. Filling out 1040x This is because all five vehicles are used in Maureen's business at the same time. Filling out 1040x She must use actual expenses for all vehicles. Filling out 1040x Interest. Filling out 1040x   If you are an employee, you cannot deduct any interest paid on a car loan. Filling out 1040x This applies even if you use the car 100% for business as an employee. Filling out 1040x   However, if you are self-employed and use your car in your business, you can deduct that part of the interest expense that represents your business use of the car. Filling out 1040x For example, if you use your car 60% for business, you can deduct 60% of the interest on Schedule C (Form 1040). Filling out 1040x You cannot deduct the part of the interest expense that represents your personal use of the car. Filling out 1040x    If you use a home equity loan to purchase your car, you may be able to deduct the interest. Filling out 1040x See Publication 936, Home Mortgage Interest Deduction, for more information. Filling out 1040x Personal property taxes. Filling out 1040x   If you itemize your deductions on Schedule A (Form 1040), you can deduct on line 7 state and local personal property taxes on motor vehicles. Filling out 1040x You can take this deduction even if you use the standard mileage rate or if you do not use the car for business. Filling out 1040x   If you are self-employed and use your car in your business, you can deduct the business part of state and local personal property taxes on motor vehicles on Schedule C (Form 1040), Schedule C-EZ (Form 1040), or Schedule F (Form 1040). Filling out 1040x If you itemize your deductions, you can include the remainder of your state and local personal property taxes on the car on Schedule A (Form 1040). Filling out 1040x Parking fees and tolls. Filling out 1040x   In addition to using the standard mileage rate, you can deduct any business-related parking fees and tolls. Filling out 1040x (Parking fees you pay to park your car at your place of work are nondeductible commuting expenses. Filling out 1040x ) Sale, trade-in, or other disposition. Filling out 1040x   If you sell, trade in, or otherwise dispose of your car, you may have a gain or loss on the transaction or an adjustment to the basis of your new car. Filling out 1040x See Disposition of a Car , later. Filling out 1040x Actual Car Expenses If you do not use the standard mileage rate, you may be able to deduct your actual car expenses. Filling out 1040x If you qualify to use both methods, you may want to figure your deduction both ways to see which gives you a larger deduction. Filling out 1040x Actual car expenses include: Depreciation Licenses Lease  payments Registration  fees Gas Insurance Repairs Oil Garage rent Tires Tolls Parking fees   If you have fully depreciated a car that you still use in your business, you can continue to claim your other actual car expenses. Filling out 1040x Continue to keep records, as explained later in chapter 5 . Filling out 1040x Business and personal use. Filling out 1040x   If you use your car for both business and personal purposes, you must divide your expenses between business and personal use. Filling out 1040x You can divide your expense based on the miles driven for each purpose. Filling out 1040x Example. Filling out 1040x You are a sales representative for a clothing firm and drive your car 20,000 miles during the year: 12,000 miles for business and 8,000 miles for personal use. Filling out 1040x You can claim only 60% (12,000 ÷ 20,000) of the cost of operating your car as a business expense. Filling out 1040x Employer-provided vehicle. Filling out 1040x   If you use a vehicle provided by your employer for business purposes, you can deduct your actual unreimbursed car expenses. Filling out 1040x You cannot use the standard mileage rate. Filling out 1040x See Vehicle Provided by Your Employer in chapter 6. Filling out 1040x Interest on car loans. Filling out 1040x   If you are an employee, you cannot deduct any interest paid on a car loan. Filling out 1040x This interest is treated as personal interest and is not deductible. Filling out 1040x If you are self-employed and use your car in that business, see Interest , earlier, under Standard Mileage Rate. Filling out 1040x Taxes paid on your car. Filling out 1040x   If you are an employee, you can deduct personal property taxes paid on your car if you itemize deductions. Filling out 1040x Enter the amount paid on line 7 of Schedule A (Form 1040). Filling out 1040x Sales taxes. Filling out 1040x   Generally, sales taxes on your car are part of your car's basis and are recovered through depreciation, discussed later. Filling out 1040x Fines and collateral. Filling out 1040x   You cannot deduct fines you pay or collateral you forfeit for traffic violations. Filling out 1040x Casualty and theft losses. Filling out 1040x   If your car is damaged, destroyed, or stolen, you may be able to deduct part of the loss not covered by insurance. Filling out 1040x See Publication 547, Casualties, Disasters, and Thefts, for information on deducting a loss on your car. Filling out 1040x Depreciation and section 179 deductions. Filling out 1040x   Generally, the cost of a car, plus sales tax and improvements, is a capital expense. Filling out 1040x Because the benefits last longer than 1 year, you generally cannot deduct a capital expense. Filling out 1040x However, you can recover this cost through the section 179 deduction (the deduction allowed by section 179 of the Internal Revenue Code), special depreciation allowance, and depreciation deductions. Filling out 1040x Depreciation allows you to recover the cost over more than 1 year by deducting part of it each year. Filling out 1040x The section 179 deduction , special depreciation allowance , and depreciation deductions are discussed later. Filling out 1040x   Generally, there are limits on these deductions. Filling out 1040x Special rules apply if you use your car 50% or less in your work or business. Filling out 1040x   You can claim a section 179 deduction and use a depreciation method other than straight line only if you do not use the standard mileage rate to figure your business-related car expenses in the year you first place a car in service. Filling out 1040x   If, in the year you first place a car in service, you claim either a section 179 deduction or use a depreciation method other than straight line for its estimated useful life, you cannot use the standard mileage rate on that car in any future year. Filling out 1040x Car defined. Filling out 1040x   For depreciation purposes, a car is any four-wheeled vehicle (including a truck or van) made primarily for use on public streets, roads, and highways. Filling out 1040x Its unloaded gross vehicle weight must not be more than 6,000 pounds. Filling out 1040x A car includes any part, component, or other item physically attached to it or usually included in the purchase price. Filling out 1040x   A car does not include: An ambulance, hearse, or combination ambulance-hearse used directly in a business, A vehicle used directly in the business of transporting persons or property for pay or hire, or A truck or van that is a qualified nonpersonal use vehicle. Filling out 1040x Qualified nonpersonal use vehicles. Filling out 1040x   These are vehicles that by their nature are not likely to be used more than a minimal amount for personal purposes. Filling out 1040x They include trucks and vans that have been specially modified so that they are not likely to be used more than a minimal amount for personal purposes, such as by installation of permanent shelving and painting the vehicle to display advertising or the company's name. Filling out 1040x Delivery trucks with seating only for the driver, or only for the driver plus a folding jump seat, are qualified nonpersonal use vehicles. Filling out 1040x More information. Filling out 1040x   See Depreciation Deduction , later, for more information on how to depreciate your vehicle. Filling out 1040x Section 179 Deduction The section 179 deduction allows you to treat a portion or all of the cost of a car as a current expense. Filling out 1040x If you choose to deduct all or part of the cost as a current expense, you must reduce your depreciable basis in the car by the amount of the section 179 deduction. Filling out 1040x There is a limit on the total section 179 deduction, special depreciation allowance, and depreciation deduction for cars, trucks, and vans that may reduce or eliminate any benefit from claiming the section 179 deduction. Filling out 1040x See Depreciation Limits, later. Filling out 1040x You can claim the section 179 deduction only in the year you place the car in service. Filling out 1040x For this purpose, a car is placed in service when it is ready and available for a specifically assigned use, whether in a trade or business, a tax-exempt activity, a personal activity, or for the production of income. Filling out 1040x Even if you are not using the property, it is in service when it is ready and available for its specifically assigned use. Filling out 1040x A car first used for personal purposes cannot qualify for the deduction in a later year when its use changes to business. Filling out 1040x Example. Filling out 1040x In 2012, you bought a new car and used it for personal purposes. Filling out 1040x In 2013, you began to use it for business. Filling out 1040x Changing its use to business use does not qualify the cost of your car for a section 179 deduction in 2013. Filling out 1040x However, you can claim a depreciation deduction for the business use of the car starting in 2013. Filling out 1040x See Depreciation Deduction , later. Filling out 1040x More than 50% business use requirement. Filling out 1040x   You must use the property more than 50% for business to claim any section 179 deduction. Filling out 1040x If you used the property more than 50% for business, multiply the cost of the property by the percentage of business use. Filling out 1040x The result is the cost of the property that can qualify for the section 179 deduction. Filling out 1040x Example. Filling out 1040x Peter purchased a car in April 2013 for $24,500 and used it 60% for business. Filling out 1040x Based on his business usage, the total cost of Peter's car that qualifies for the section 179 deduction is $14,700 ($24,500 cost × 60% business use). Filling out 1040x But see Limit on total section 179, special depreciation allowance, and depreciation deduction , discussed later. Filling out 1040x Limits. Filling out 1040x   There are limits on: The amount of the section 179 deduction, The section 179 deduction for sport utility and certain other vehicles, and The total amount of the section 179 deduction, special depreciation allowance, and depreciation deduction (discussed later ) you can claim for a qualified property. Filling out 1040x Limit on the amount of the section 179 deduction. Filling out 1040x   For 2013, the total amount you can choose to deduct under section 179 generally cannot be more than $500,000. Filling out 1040x   If the cost of your section 179 property placed in service in 2013 is over $2,000,000, you must reduce the $500,000 dollar limit (but not below zero) by the amount of cost over $2,000,000. Filling out 1040x If the cost of your section 179 property placed in service during 2013 is $2,500,000 or more, you cannot take a section 179 deduction. Filling out 1040x   The total amount you can deduct under section 179 each year after you apply the limits listed above cannot be more than the taxable income from the active conduct of any trade or business during the year. Filling out 1040x   If you are married and file a joint return, you and your spouse are treated as one taxpayer in determining any reduction to the dollar limit, regardless of which of you purchased the property or placed it in service. Filling out 1040x   If you and your spouse file separate returns, you are treated as one taxpayer for the dollar limit. Filling out 1040x You must allocate the dollar limit (after any reduction) between you. Filling out 1040x   For more information on the above section 179 deduction limits, see Publication 946. Filling out 1040x Limit for sport utility and certain other vehicles. Filling out 1040x   For sport utility and certain other vehicles placed in service in 2013, the portion of the vehicle's cost taken into account in figuring your section 179 deduction is limited to $25,000. Filling out 1040x This rule applies to any four-wheeled vehicle primarily designed or used to carry passengers over public streets, roads, or highways, that is not subject to any of the passenger automobile limits explained under Depreciation Limits , later, and that is rated at no more than 14,000 pounds gross vehicle weight. Filling out 1040x However, the $25,000 limit does not apply to any vehicle: Designed to have a seating capacity of more than nine persons behind the driver's seat, Equipped with a cargo area of at least 6 feet in interior length that is an open area or is designed for use as an open area but is enclosed by a cap and is not readily accessible directly from the passenger compartment, or That has an integral enclosure, fully enclosing the driver compartment and load carrying device, does not have seating rearward of the driver's seat, and has no body section protruding more than 30 inches ahead of the leading edge of the windshield. Filling out 1040x    Limit on total section 179, special depreciation allowance, and depreciation deduction. Filling out 1040x   Generally, the total amount of section 179, special depreciation allowance, and depreciation deduction you can claim for a car that is qualified property and that you placed in service in 2013 is $11,160. Filling out 1040x The limit is reduced if your business use of the car is less than 100%. Filling out 1040x See Depreciation Limits , later, for more information. Filling out 1040x Example. Filling out 1040x In the earlier example under More than 50% business use requirement, Peter had a car with a cost (for purposes of the section 179 deduction) of $14,700. Filling out 1040x However, based on Peter's business usage of his car, the total of his section 179, special depreciation allowance, and depreciation deductions is limited to $6,696 ($11,160 limit x 60% business use). Filling out 1040x Cost of car. Filling out 1040x   For purposes of the section 179 deduction, the cost of the car does not include any amount figured by reference to any other property held by you at any time. Filling out 1040x For example, if you buy (for cash and a trade-in) a new car to use in your business, your cost for purposes of the section 179 deduction does not include your adjusted basis in the car you trade in for the new car. Filling out 1040x Your cost includes only the cash you paid. Filling out 1040x Basis of car for depreciation. Filling out 1040x   The amount of the section 179 deduction reduces your basis in your car. Filling out 1040x If you choose the section 179 deduction, you must subtract the amount of the deduction from the cost of your car. Filling out 1040x The resulting amount is the basis in your car you use to figure your depreciation deduction. Filling out 1040x When to choose. Filling out 1040x   If you want to take the section 179 deduction, you must make the choice in the tax year you place the car in service for business or work. Filling out 1040x How to choose. Filling out 1040x    Employees use Form 2106 to make this choice and report the section 179 deduction. Filling out 1040x All others use Form 4562. Filling out 1040x   File the appropriate form with either of the following. Filling out 1040x Your original tax return filed for the year the property was placed in service (whether or not you file it timely). Filling out 1040x An amended return filed within the time prescribed by law. Filling out 1040x An election made on an amended return must specify the item of section 179 property to which the election applies and the part of the cost of each such item to be taken into account. Filling out 1040x The amended return must also include any resulting adjustments to taxable income. Filling out 1040x    You must keep records that show the specific identification of each piece of qualifying section 179 property. Filling out 1040x These records must show how you acquired the property, the person you acquired it from, and when you placed it in service. Filling out 1040x Revoking an election. Filling out 1040x   An election (or any specification made in the election) to take a section 179 deduction for 2013 can only be revoked with the Commissioner's approval. Filling out 1040x Recapture of section 179 deduction. Filling out 1040x   To be eligible to claim the section 179 deduction, you must use your car more than 50% for business or work in the year you acquired it. Filling out 1040x If your business use of the car is 50% or less in a later tax year during the recovery period, you have to recapture (include in income) in that later year any excess depreciation. Filling out 1040x Any section 179 deduction claimed on the car is included in calculating the excess depreciation. Filling out 1040x For information on this calculation, see Excess depreciation , later in this chapter under Car Used 50% or Less for Business. Filling out 1040x Dispositions. Filling out 1040x   If you dispose of a car on which you had claimed the section 179 deduction, the amount of that deduction is treated as a depreciation deduction for recapture purposes. Filling out 1040x You treat any gain on the disposition of the property as ordinary income up to the amount of the section 179 deduction and any allowable depreciation (unless you establish the amount actually allowed). Filling out 1040x For information on the disposition of a car, see Disposition of a Car , later. Filling out 1040x Special Depreciation Allowance You may be able to claim the special depreciation allowance for your car, truck, or van, if it is qualified property and was placed in service in 2013. Filling out 1040x The allowance is an additional depreciation deduction of 50% of the car's depreciable basis (after any section 179 deduction, but before figuring your regular depreciation deduction under MACRS). Filling out 1040x The special depreciation allowance applies only for the first year the car is placed in service. Filling out 1040x To qualify for the allowance more than 50% of the use of the car must be in a qualified business use (as defined under Depreciation Deduction, later). Filling out 1040x Combined depreciation. Filling out 1040x   Your combined section 179 deduction, special depreciation allowance, and regular MACRS depreciation deduction is limited to the maximum allowable depreciation deduction for cars of $11,160 ($3,160 if you elect not to claim the special depreciation allowance). Filling out 1040x For trucks and vans, the first-year limit remains at $11,360 ($3,360 if you elect not to claim the special depreciation allowance). Filling out 1040x See Depreciation Limits , later in this chapter. Filling out 1040x Qualified car. Filling out 1040x   To be a qualified car (including trucks and vans), the car must meet all of the following tests. Filling out 1040x You purchased the car new on or after January 1, 2008, but only if no binding written contract to acquire the car existed before January 1, 2008, You placed the car in service in your trade or business before January 1, 2014, You used the car more than 50% in a qualified business use. Filling out 1040x Election not to claim the special depreciation allowance. Filling out 1040x   You can elect not to claim the special depreciation allowance for your car, truck, or van, that is qualified property. Filling out 1040x If you make this election, it applies to all 5-year property placed in service during the year. Filling out 1040x   To make the election, attach a statement to your timely filed return (including extensions) indicating the class of property (5-year for cars) for which you are making the election and that you are electing not to claim the special depreciation allowance for qualified property acquired on or after January 1, 2008. Filling out 1040x    Unless you elect not to claim the special depreciation allowance, you must reduce the car's adjusted basis by the amount of the allowance, even if the allowance was not claimed. Filling out 1040x Depreciation Deduction If you use actual car expenses to figure your deduction for a car you own and use in your business, you can claim a depreciation deduction. Filling out 1040x This means you can deduct a certain amount each year as a recovery of your cost or other basis in your car. Filling out 1040x You generally need to know the following things about the car you intend to depreciate. Filling out 1040x Your basis in the car. Filling out 1040x The date you place the car in service. Filling out 1040x The method of depreciation and recovery period you will use. Filling out 1040x Basis. Filling out 1040x   Your basis in a car for figuring depreciation is generally its cost. Filling out 1040x This includes any amount you borrow or pay in cash, other property, or services. Filling out 1040x   Generally, you figure depreciation on your car, truck, or van using your unadjusted basis (see Unadjusted basis , later). Filling out 1040x However, in some situations you will use your adjusted basis (your basis reduced by depreciation allowed or allowable in earlier years). Filling out 1040x For one of these situations see Exception under Methods of depreciation, later. Filling out 1040x   If you change the use of a car from personal to business, your basis for depreciation is the lesser of the fair market value or your adjusted basis in the car on the date of conversion. Filling out 1040x Additional rules concerning basis are discussed later in this chapter under Unadjusted basis . Filling out 1040x Placed in service. Filling out 1040x   You generally place a car in service when it is available for use in your work or business, in an income-producing activity, or in a personal activity. Filling out 1040x Depreciation begins when the car is placed in service for use in your work or business or for the production of income. Filling out 1040x   For purposes of computing depreciation, if you first start using the car only for personal use and later convert it to business use, you place the car in service on the date of conversion. Filling out 1040x Car placed in service and disposed of in the same year. Filling out 1040x   If you place a car in service and dispose of it in the same tax year, you cannot claim any depreciation deduction for that car. Filling out 1040x Methods of depreciation. Filling out 1040x   Generally, you figure depreciation on cars using the Modified Accelerated Cost Recovery System (MACRS). Filling out 1040x MACRS is discussed later in this chapter. Filling out 1040x Exception. Filling out 1040x   If you used the standard mileage rate in the first year of business use and change to the actual expenses method in a later year, you cannot depreciate your car under the MACRS rules. Filling out 1040x You must use straight line depreciation over the estimated remaining useful life of the car. Filling out 1040x   To figure depreciation under the straight line method, you must reduce your basis in the car (but not below zero) by a set rate per mile for all miles for which you used the standard mileage rate. Filling out 1040x The rate per mile varies depending on the year(s) you used the standard mileage rate. Filling out 1040x For the rate(s) to use, see Depreciation adjustment when you used the standard mileage rate under Disposition of a Car, later. Filling out 1040x   This reduction of basis is in addition to those basis adjustments described later under Unadjusted basis . Filling out 1040x You must use your adjusted basis in your car to figure your depreciation deduction. Filling out 1040x For additional information on the straight line method of depreciation, see Publication 946. Filling out 1040x More-than-50%-use test. Filling out 1040x   Generally, you must use your car more than 50% for qualified business use (defined next) during the year to use MACRS. Filling out 1040x You must meet this more-than-50%-use test each year of the recovery period (6 years under MACRS) for your car. Filling out 1040x   If your business use is 50% or less, you must use the straight line method to depreciate your car. Filling out 1040x This is explained later under Car Used 50% or Less for Business . Filling out 1040x Qualified business use. Filling out 1040x   A qualified business use is any use in your trade or business. Filling out 1040x It does not include use for the production of income (investment use). Filling out 1040x However, you do combine your business and investment use to compute your depreciation deduction for the tax year. Filling out 1040x Use of your car by another person. Filling out 1040x   Do not treat any use of your car by another person as use in your trade or business unless that use meets one of the following conditions. Filling out 1040x It is directly connected with your business. Filling out 1040x It is properly reported by you as income to the other person (and, if you have to, you withhold tax on the income). Filling out 1040x It results in a payment of fair market rent. Filling out 1040x This includes any payment to you for the use of your car. Filling out 1040x Business use changes. Filling out 1040x   If you used your car more than 50% in qualified business use in the year you placed it in service, but 50% or less in a later year (including the year of disposition), you have to change to the straight line method of depreciation. Filling out 1040x See Qualified business use 50% or less in a later year under Car Used 50% or Less for Business, later. Filling out 1040x    Property does not cease to be used more than 50% in qualified business use by reason of a transfer at death. Filling out 1040x Use for more than one purpose. Filling out 1040x   If you use your car for more than one purpose during the tax year, you must allocate the use to the various purposes. Filling out 1040x You do this on the basis of mileage. Filling out 1040x Figure the percentage of qualified business use by dividing the number of miles you drive your car for business purposes during the year by the total number of miles you drive the car during the year for any purpose. Filling out 1040x Change from personal to business use. Filling out 1040x   If you change the use of a car from 100% personal use to business use during the tax year, you may not have mileage records for the time before the change to business use. Filling out 1040x In this case, you figure the percentage of business use for the year as follows. Filling out 1040x Determine the percentage of business use for the period following the change. Filling out 1040x Do this by dividing business miles by total miles driven during that period. Filling out 1040x Multiply the percentage in (1) by a fraction. Filling out 1040x The numerator (top number) is the number of months the car is used for business and the denominator (bottom number) is 12. Filling out 1040x Example. Filling out 1040x You use a car only for personal purposes during the first 6 months of the year. Filling out 1040x During the last 6 months of the year, you drive the car a total of 15,000 miles of which 12,000 miles are for business. Filling out 1040x This gives you a business use percentage of 80% (12,000 ÷ 15,000) for that period. Filling out 1040x Your business use for the year is 40% (80% × 6/12). Filling out 1040x Limits. Filling out 1040x   The amount you can claim for section 179, special depreciation allowance, and depreciation deductions may be limited. Filling out 1040x The maximum amount you can claim depends on the year in which you placed your car in service. Filling out 1040x You have to reduce the maximum amount if you did not use the car exclusively for business. Filling out 1040x See Depreciation Limits , later. Filling out 1040x Unadjusted basis. Filling out 1040x   You use your unadjusted basis (often referred to as your basis or your basis for depreciation) to figure your depreciation using the MACRS depreciation chart, explained later under Modified Accelerated Cost Recovery System (MACRS) . Filling out 1040x Your unadjusted basis for figuring depreciation is your original basis increased or decreased by certain amounts. Filling out 1040x   To figure your unadjusted basis, begin with your car's original basis, which generally is its cost. Filling out 1040x Cost includes sales taxes (see Sales taxes , earlier), destination charges, and dealer preparation. Filling out 1040x Increase your basis by any substantial improvements you make to your car, such as adding air conditioning or a new engine. Filling out 1040x Decrease your basis by any section 179 deduction, special depreciation allowance, gas guzzler tax, clean-fuel vehicle deduction (for vehicles placed in service before Jan. Filling out 1040x 1, 2006), and alternative motor vehicle credit. Filling out 1040x   See Form 8910 for information on the alternative motor vehicle credit. Filling out 1040x If your business use later falls to 50% or less, you may have to recapture (include in your income) any excess depreciation. Filling out 1040x See Car Used 50% or Less for Business, later, for more information. Filling out 1040x If you acquired the car by gift or inheritance, see Publication 551, Basis of Assets, for information on your basis in the car. Filling out 1040x Improvements. Filling out 1040x   A major improvement to a car is treated as a new item of 5-year recovery property. Filling out 1040x It is treated as placed in service in the year the improvement is made. Filling out 1040x It does not matter how old the car is when the improvement is added. Filling out 1040x Follow the same steps for depreciating the improvement as you would for depreciating the original cost of the car. Filling out 1040x However, you must treat the improvement and the car as a whole when applying the limits on the depreciation deductions. Filling out 1040x Your car's depreciation deduction for the year (plus any section 179 deduction, special depreciation allowance, and depreciation on any improvements) cannot be more than the depreciation limit that applies for that year. Filling out 1040x See Depreciation Limits , later. Filling out 1040x Car trade-in. Filling out 1040x   If you traded one car (the “old car”) for another car (the “new car”) in 2013, there are two ways you can treat the transaction. Filling out 1040x You can elect to treat the transaction as a tax-free disposition of the old car and the purchase of the new car. Filling out 1040x If you make this election, you treat the old car as disposed of at the time of the trade-in. Filling out 1040x The depreciable basis of the new car is the adjusted basis of the old car (figured as if 100% of the car's use had been for business purposes) plus any additional amount you paid for the new car. Filling out 1040x You then figure your depreciation deduction for the new car beginning with the date you placed it in service. Filling out 1040x You make this election by completing Form 2106, Part II, Section D. Filling out 1040x This method is explained later, beginning at Effect of trade-in on basis . Filling out 1040x If you do not make the election described in (1), you must figure depreciation separately for the remaining basis of the old car and for any additional amount you paid for the new car. Filling out 1040x You must apply two depreciation limits (see Depreciation Limits , later). Filling out 1040x The limit that applies to the remaining basis of the old car generally is the amount that would have been allowed had you not traded in the old car. Filling out 1040x The limit that applies to the additional amount you paid for the new car generally is the limit that applies for the tax year, reduced by the depreciation allowance for the remaining basis of the old car. Filling out 1040x You must use Form 4562 to compute your depreciation deduction. Filling out 1040x You cannot use Form 2106, Part II, Section D. Filling out 1040x This method is explained in Publication 946. Filling out 1040x   If you elect to use the method described in (1), you must do so on a timely filed tax return (including extensions). Filling out 1040x Otherwise, you must use the method described in (2). Filling out 1040x Effect of trade-in on basis. Filling out 1040x   The discussion that follows applies to trade-ins of cars in 2013, where the election was made to treat the transaction as a tax-free disposition of the old car and the purchase of the new car. Filling out 1040x For information on how to figure depreciation for cars involved in a like-kind exchange (trade-in) in 2013, for which the election was not made, see Publication 946 and Regulations section 1. Filling out 1040x 168(i)-6(d)(3). Filling out 1040x Traded car used only for business. Filling out 1040x   If you trade in a car you used only in your business for another car that will be used only in your business, your original basis in the new car is your adjusted basis in the old car, plus any additional amount you pay for the new car. Filling out 1040x Example. Filling out 1040x Paul trades in a car that has an adjusted basis of $5,000 for a new car. Filling out 1040x In addition, he pays cash of $20,000 for the new car. Filling out 1040x His original basis of the new car is $25,000 (his $5,000 adjusted basis in the old car plus the $20,000 cash paid). Filling out 1040x Paul's unadjusted basis is $25,000 unless he claims the section 179 deduction, special depreciation allowance, or has other increases or decreases to his original basis, discussed under Unadjusted basis , earlier. Filling out 1040x Traded car used partly in business. Filling out 1040x   If you trade in a car you used partly in your business for a new car you will use in your business, you must make a “trade-in” adjustment for the personal use of the old car. Filling out 1040x This adjustment has the effect of reducing your basis in your old car, but not below zero, for purposes of figuring your depreciation deduction for the new car. Filling out 1040x (This adjustment is not used, however, when you determine the gain or loss on the later disposition of the new car. Filling out 1040x See Publication 544, Sales and Other Dispositions of Assets, for information on how to report the disposition of your car. Filling out 1040x )   To figure the unadjusted basis of your new car for depreciation, first add to your adjusted basis in the old car any additional amount you pay for the new car. Filling out 1040x Then subtract from that total the excess, if any, of: The total of the amounts that would have been allowable as depreciation during the tax years before the trade if 100% of the use of the car had been business and investment use, over The total of the amounts actually allowed as depreciation during those years. Filling out 1040x For information about figuring depreciation, see Modified Accelerated Cost Recovery System (MACRS) , which follows Example 2, later. Filling out 1040x Modified Accelerated Cost Recovery System (MACRS). Filling out 1040x   The Modified Accelerated Cost Recovery System (MACRS) is the name given to the tax rules for getting back (recovering) through depreciation deductions the cost of property used in a trade or business or to produce income. Filling out 1040x   The maximum amount you can deduct is limited, depending on the year you placed your car in service. Filling out 1040x See Depreciation Limits , later. Filling out 1040x Recovery period. Filling out 1040x   Under MACRS, cars are classified as 5-year property. Filling out 1040x You actually depreciate the cost of a car, truck, or van over a period of 6 calendar years. Filling out 1040x This is because your car is generally treated as placed in service in the middle of the year, and you claim depreciation for one-half of both the first year and the sixth year. Filling out 1040x Depreciation deduction for certain Indian reservation property. Filling out 1040x   Shorter recovery periods are provided under MACRS for qualified Indian reservation property placed in service on Indian reservations after 1993 and before 2014. Filling out 1040x The recovery that applies for a business-use car is 3 years instead of 5 years. Filling out 1040x However, the depreciation limits, discussed later, will still apply. Filling out 1040x   For more information on the qualifications for this shorter recovery period and the percentages to use in figuring the depreciation deduction, see chapter 4 of Publication 946. Filling out 1040x Depreciation methods. Filling out 1040x   You can use one of the following methods to depreciate your car. Filling out 1040x The 200% declining balance method (200% DB) over a 5-year recovery period that switches to the straight line method when that method provides an equal or greater deduction. Filling out 1040x The 150% declining balance method (150% DB) over a 5-year recovery period that switches to the straight line method when that method provides an equal or greater deduction. Filling out 1040x The straight line method (SL) over a 5-year recovery period. Filling out 1040x    If you use Table 4-1 (discussed later under MACRS depreciation chart) to determine your depreciation rate for 2013, you do not need to determine in what year using the straight line method provides an equal or greater deduction. Filling out 1040x This is because the chart has the switch to the straight line method built into its rates. Filling out 1040x   Before choosing a method, you may wish to consider the following facts. Filling out 1040x Using the straight line method provides equal yearly deductions throughout the recovery period. Filling out 1040x Using the declining balance methods provides greater deductions during the earlier recovery years with the deductions generally getting smaller each year. Filling out 1040x MACRS depreciation chart. Filling out 1040x   A 2013 MACRS Depreciation Chart and instructions are included in this chapter as Table 4-1 . Filling out 1040x Using this table will make it easy for you to figure the 2013 depreciation deduction for your car. Filling out 1040x A similar chart appears in the Instructions for Form 2106. Filling out 1040x    You may have to use the tables in Publication 946 instead of using this MACRS Depreciation Chart. Filling out 1040x   You must use the Depreciation Tables in Publication 946 rather than the 2013 MACRS Depreciation Chart in this publication if any one of the following four conditions applies to you. Filling out 1040x You file your return on a fiscal year basis. Filling out 1040x You file your return for a short tax year (less than 12 months). Filling out 1040x During the year, all of the following conditions apply. Filling out 1040x You placed some property in service from January through September. Filling out 1040x You placed some property in service from October through December. Filling out 1040x Your basis in the property you placed in service from October through December (excluding nonresidential real property, residential rental property, and property placed in service and disposed of in the same year) was more than 40% of your total bases in all property you placed in service during the year. Filling out 1040x   You placed qualified property in service on an Indian reservation. Filling out 1040x Depreciation in future years. Filling out 1040x   If you use the percentages from the chart, you generally must continue to use them for the entire recovery period of your car. Filling out 1040x However, you cannot continue to use the chart if your basis in your car is adjusted because of a casualty. Filling out 1040x In that case, for the year of the adjustment and the remaining recovery period, figure the depreciation without the chart using your adjusted basis in the car at the end of the year of the adjustment and over the remaining recovery period. Filling out 1040x See Figuring the Deduction Without Using the Tables in chapter 4 of Publication 946. Filling out 1040x    In future years, do not use the chart in this edition of the publication. Filling out 1040x Instead, use the chart in the publication or the form instructions for those future years. Filling out 1040x Disposition of car during recovery period. Filling out 1040x   If you dispose of the car before the end of the recovery period, you are generally allowed a half year of depreciation in the year of disposition unless you purchased the car during the last quarter of a year. Filling out 1040x See Depreciation deduction for the year of disposition under Disposition of a Car, later, for information on how to figure the depreciation allowed in the year of disposition. Filling out 1040x How to use the 2013 chart. Filling out 1040x   To figure your depreciation deduction for 2013, find the percentage in the column of Table 4-1 based on the date that you first placed the car in service and the depreciation method that you are using. Filling out 1040x Multiply the unadjusted basis of your car (defined earlier) by that percentage to determine the amount of your depreciation deduction. Filling out 1040x If you prefer to figure your depreciation deduction without the help of the chart, see Publication 946. Filling out 1040x    Your deduction cannot be more than the maximum depreciation limit for cars. Filling out 1040x See Depreciation Limits, later. Filling out 1040x Example. Filling out 1040x Phil bought a used truck in February 2012 to use exclusively in his landscape business. Filling out 1040x He paid $9,200 for the truck with no trade-in. Filling out 1040x Phil did not claim any section 179 deduction, the truck did not qualify for the special depreciation allowance, and he chose to use the 200% DB method to get the largest depreciation deduction in the early years. Filling out 1040x Phil used the MACRS depreciation chart in 2012 to find his percentage. Filling out 1040x The unadjusted basis of his truck equals its cost because Phil used it exclusively for business. Filling out 1040x He multiplied the unadjusted basis of his truck, $9,200, by the percentage that applied, 20%, to figure his 2012 depreciation deduction of $1,840. Filling out 1040x In 2013, Phil used the truck for personal purposes when he repaired his father's cabin. Filling out 1040x His records show that the business use of his truck was 90% in 2013. Filling out 1040x Phil used Table 4-1 to find his percentage. Filling out 1040x Reading down the first column for the date placed in service and across to the 200% DB column, he locates his percentage, 32%. Filling out 1040x He multiplies the unadjusted basis of his truck, $8,280 ($9,200 cost × 90% business use), by 32% to figure his 2013 depreciation deduction of $2,650. Filling out 1040x Depreciation Limits There are limits on the amount you can deduct for depreciation of your car, truck, or van. Filling out 1040x The section 179 deduction and special depreciation allowance are treated as depreciation for purposes of the limits. Filling out 1040x The maximum amount you can deduct each year depends on the year you place the car in service. Filling out 1040x These limits are shown in the following tables. Filling out 1040x   Maximum Depreciation Deduction for Cars Date       4th & Placed 1st 2nd 3rd Later In Service Year Year Year Years 2012–2013 $11,1601 $5,100 $3,050 $1,875 2010–2011 11,0602 4,900 2,950 1,775 2008–2009 10,9603 4,800 2,850 1,775 2007 3,060 4,900 2,850 1,775 2006 2,960 4,800 2,850 1,775 2005 2,960 4,700 2,850 1,675 2004 10,6103 4,800 2,850 1,675 5/06/2003– 12/31/2003 10,7104 4,900 2,950 1,775 1/01/2003– 5/05/2003 7,6605 4,900 2,950 1,775 2001–2002 7,6605 4,900 2,950 1,775 2000 3,060 4,900 2,950 1,775 1$3,160 if the car is not qualified property or if you elect not to claim the special depreciation allowance. Filling out 1040x 2$3,060 if the car is not qualified property or if you elect not to claim the special depreciation allowance. Filling out 1040x 3$2,960 if the car is not qualified property or if you elect not to claim the special depreciation allowance. Filling out 1040x 4$7,660 if you acquired the car before 5/6/2003. Filling out 1040x $3,060 if the car is not qualified property or if you elect not to claim any special depreciation allowance. Filling out 1040x 5$3,060 if you acquired the car before 9/11/2001, the car is not qualified property, or you elect not to claim the special depreciation allowance. Filling out 1040x Trucks and vans. Filling out 1040x   For 2013, the maximum depreciation deductions for trucks and vans are generally higher than those for cars. Filling out 1040x A truck or van is a passenger automobile that is classified by the manufacturer as a truck or van and rated at 6,000 pounds gross vehicle weight or less. Filling out 1040x For trucks and vans placed in service before 2003, use the Maximum Depreciation Deduction for Cars table. Filling out 1040x Maximum Depreciation Deduction for Trucks and Vans Date       4th & Placed 1st 2nd 3rd Later In Service Year Year Year Years 2013 $11,3601 $5,400 $3,250 $1,975 2012 $11,3601 $5,300 $3,150 $1,875 2011 11,2601 5,200 3,150 1,875 2010 11,1601 5,100 3,050 1,875 2009 11,0601 4,900 2,950 1,775 2008 11,1601 5,100 3,050 1,875 2007 3,260 5,200 3,050 1,875 2005–2006 3,260 5,200 3,150 1,875 2004 10,9101 5,300 3,150 1,875 2003 11,0101,2 5,400 3,250 1,975 1If the special depreciation allowance does not apply or you make the election not to claim the special depreciation allowance, the first-year limit is $3,360 for 2012 and 2013, $3,260 for 2011, $3,160 for 2010, $3,060 for 2009, $3,160 for 2008, $3,260 for 2004, and $3,360 for 2003. Filling out 1040x 2If the truck or van was acquired before 5/06/2003, the truck or van is qualified property, and you claim the special depreciation allowance for the truck or van, the maximum deduction is $7,960. Filling out 1040x Car used less than full year. Filling out 1040x   The depreciation limits are not reduced if you use a car for less than a full year. Filling out 1040x This means that you do not reduce the limit when you either place a car in service or dispose of a car during the year. Filling out 1040x However, the depreciation limits are reduced if you do not use the car exclusively for business and investment purposes. Filling out 1040x See Reduction for personal use , next. Filling out 1040x Reduction for personal use. Filling out 1040x   The depreciation limits are reduced based on your percentage of personal use. Filling out 1040x If you use a car less than 100% in your business or work, you must determine the depreciation deduction limit by multiplying the limit amount by the percentage of business and investment use during the tax year. Filling out 1040x Section 179 deduction. Filling out 1040x   The section 179 deduction is treated as a depreciation deduction. Filling out 1040x If you place a car that is not a truck or van in service in 2013, use it only for business, and choose the section 179 deduction, the special depreciation allowance, and the depreciation deduction for that car for 2013 is limited to $11,160. Filling out 1040x Example. Filling out 1040x On September 4, 2013, Jack bought a used car for $10,000 and placed it in service. Filling out 1040x He used it 80% for his business, and he chooses to take a section 179 deduction for the car. Filling out 1040x The car is not qualified property for purposes of the special depreciation allowance. Filling out 1040x Before applying the limit, Jack figures his maximum section 179 deduction to be $8,000. Filling out 1040x This is the cost of his qualifying property (up to the maximum $500,000 amount) multiplied by his business use ($10,000 × 80%). Filling out 1040x Jack then figures that his section 179 deduction for 2013 is limited to $2,528 (80% of $3,160). Filling out 1040x He then figures his unadjusted basis of $5,472 (($10,000 × 80%) − $2,528) for determining his depreciation deduction. Filling out 1040x Jack has reached his maximum depreciation deduction for 2013. Filling out 1040x For 2014, Jack will use his unadjusted basis of $5,472 to figure his depreciation deduction. Filling out 1040x Deductions in years after the recovery period. Filling out 1040x   If the depreciation deductions for your car are reduced under the passenger automobile limits (discussed earlier), you will have unrecovered basis in your car at the end of the recovery period. Filling out 1040x If you continue to use your car for business, you can deduct that unrecovered basis (subject to depreciation limits) after the recovery period ends. Filling out 1040x Unrecovered basis. Filling out 1040x   This is your cost or other basis in the car reduced by any clean-fuel vehicle deduction (for vehicles placed in service before January 1, 2006), alternative motor vehicle credit, electric vehicle credit, gas guzzler tax, and depreciation (including any special depreciation allowance , discussed earlier, unless you elect not to claim it) and section 179 deductions that would have been allowable if you had used the car 100% for business and investment use. Filling out 1040x The recovery period. Filling out 1040x   For 5-year property, your recovery period is 6 calendar years. Filling out 1040x A part year's depreciation is allowed in the first calendar year, a full year's depreciation is allowed in each of the next 4 calendar years, and a part year's depreciation is allowed in the 6th calendar year. Filling out 1040x   Under MACRS, your recovery period is the same whether you use declining balance or straight line depreciation. Filling out 1040x You determine your unrecovered basis in the 7th year after you placed the car in service. Filling out 1040x How to treat unrecovered basis. Filling out 1040x   If you continue to use your car for business after the recovery period, you can claim a depreciation deduction in each succeeding tax year until you recover your basis in the car. Filling out 1040x The maximum amount you can deduct each year is determined by the date you placed the car in service and your business-use percentage. Filling out 1040x For example, no deduction is allowed for a year you use your car 100% for personal purposes. Filling out 1040x Example. Filling out 1040x In April 2007, Bob bought and placed in service a car he used exclusively in his business. Filling out 1040x The car cost $31,500. Filling out 1040x Bob did not claim a section 179 deduction or the special depreciation allowance for the car. Filling out 1040x He continued to use the car 100% in his business throughout the recovery period (2007 through 2012). Filling out 1040x For those years, Bob used the MACRS Depreciation Chart (200% declining balance method) and the Maximum Depreciation Deduction for Cars table, earlier, for the applicable tax year to compute his depreciation deductions during the recovery period. Filling out 1040x Bob's depreciation deductions were subject to the depreciation limits so he will have unrecovered basis at the end of the recovery period as shown in the following table. Filling out 1040x      MACRS     Deprec. Filling out 1040x Year % Amount Limit Allowed 2007 20. Filling out 1040x 00 $6,300 $3,060 $ 3,060 2008 32. Filling out 1040x 00 10,080 4,900 4,900 2009 19. Filling out 1040x 20 6,048 2,850 2,850 2010 11. Filling out 1040x 52 3,629 1,775 1,775 2011 11. Filling out 1040x 52 3,629 1,775 1,775 2012 5. Filling out 1040x 76 1,814 1,775 1,775 Total $31,500   16,135 For the correct limit, see Maximum Depreciation Deduction for Cars under “Depreciation Limits,” earlier, for the maximum amount of depreciation allowed each year. Filling out 1040x   At the end of 2012, Bob had an unrecovered basis in the car of $15,365 ($31,500 – $16,135). Filling out 1040x If Bob continued to use the car 100% for business in 2013 and later years, he can claim a depreciation deduction equal to the lesser of $1,775 or his remaining unrecovered basis. Filling out 1040x   If Bob's business use of the car was less than 100% during any year, his depreciation deduction would be less than the maximum amount allowable for that year. Filling out 1040x However, in determining his unrecovered basis in the car, he would still reduce his original basis by the maximum amount allowable as if the business use had been 100%. Filling out 1040x For example, if Bob had used his car 60% for business instead of 100%, his allowable depreciation deductions would have been $9,681 ($16,135 × 60%), but he still would have to reduce his basis by $16,135 to determine his unrecovered basis. Filling out 1040x Table 4-1. Filling out 1040x 2013 MACRS Depreciation Chart (Use to Figure Depreciation for 2013. Filling out 1040x ) If you claim actual expenses for your car, use the chart below to find the depreciation method and percentage to use for your 2013 return for cars placed in service in 2013. Filling out 1040x   First, using the left column, find the date you first placed the car in service in 2013. Filling out 1040x Then select the depreciation method and percentage from column (a), (b), or (c) following the rules explained in this chapter. Filling out 1040x For cars placed in service before 2013, you must use the same method you used on last year's return unless a decline in your business use requires you to change to the straight line method. Filling out 1040x Refer back to the MACRS Depreciation Chart for the year you placed the car in service. Filling out 1040x (See Car Used 50% or Less for Business . Filling out 1040x )  Multiply the unadjusted basis of your car by your business use percentage. Filling out 1040x Multiply the result by the percentage you found in the chart to find the amount of your depreciation deduction for 2013. Filling out 1040x (Also see Depreciation Limits . Filling out 1040x )   If you placed your car in service after September of any year and you placed other business property in service during the same year, you may have to use the Jan. Filling out 1040x 1—Sept. Filling out 1040x 30 percentage instead of the Oct. Filling out 1040x 1—Dec. Filling out 1040x 31 percentage for your car. Filling out 1040x               To find out if this applies to you, determine: 1) the basis of all business property you placed in service after September of that year and 2) the basis of all business property you placed in service during that entire year. Filling out 1040x If the basis of the property placed in service after September is not more than 40% of the basis of all property (certain property is excluded) placed in service for the entire year, use the percentage for Jan. Filling out 1040x 1—Sept. Filling out 1040x 30 for figuring depreciation for your car. Filling out 1040x See Which Convention Applies? in chapter 4 of Publication 946 for more details. Filling out 1040x               Example. Filling out 1040x You buy machinery (basis of $32,000) in May 2013 and a new van (basis of $20,000) in October 2013, both used 100% in your business. Filling out 1040x You
Español

Surplus Federal Property Sales

GSA helps federal agencies dispose of unneeded property by selling directly to the public. It sells personal property, real estate, and vehicles to the public through online auctions.

Contact the Agency or Department

Website: Surplus Federal Property Sales(GSA online auctions)

Address: 1800 F St., NW
Washington, DC 20405

Toll-free: 1-866-333-7472

The Filling Out 1040x

Filling out 1040x 30. Filling out 1040x   Cómo Calcular los Impuestos Table of Contents Introduction Cómo Calcular los Impuestos Impuesto Mínimo Alternativo (AMT) Impuestos Calculados por el IRS Cómo Presentar la Declaración Introduction Una vez que haya calculado los ingresos y deducciones según se explica en las Partes Uno a Cinco, calcule los impuestos. Filling out 1040x Este capítulo trata sobre los temas siguientes: Los pasos a seguir para calcular los impuestos, Un impuesto adicional que podría verse obligado a pagar, el cual se denomina “impuesto mínimo alternativo” (AMT, por sus siglas en inglés) y Las condiciones que tiene que cumplir si desea que el IRS le calcule los impuestos. Filling out 1040x Cómo Calcular los Impuestos El impuesto sobre los ingresos se basa en los ingresos tributables. Filling out 1040x Después de haber calculado el impuesto sobre los ingresos y el impuesto mínimo alternativo, si lo hubiera, reste los créditos tributarios y sume cualquier otro impuesto adeudado. Filling out 1040x El resultado es el total de los impuestos. Filling out 1040x Compare el total de los impuestos con el total de los pagos que ha efectuado para saber si tiene derecho a un reembolso o si tiene que efectuar un pago. Filling out 1040x Esta sección expone los puntos generales para calcular el impuesto. Filling out 1040x Puede encontrar instrucciones detalladas en las Instrucciones de los Formularios 1040EZ, 1040A y 1040. Filling out 1040x Si no está seguro de qué formulario tributario debe presentar, vea ¿Qué Formulario Debo Usar? , en el capítulo 1. Filling out 1040x Impuestos. Filling out 1040x   La mayor parte de los contribuyentes utiliza la Tabla de Impuestos o la Hoja de Trabajo para el Cálculo del Impuesto para calcular el impuesto sobre el ingreso. Filling out 1040x No obstante, existen métodos especiales si los ingresos incluyen cualquiera de los siguientes puntos: Una ganancia neta de capital. Filling out 1040x (Vea el capítulo 16). Filling out 1040x Dividendos calificados gravados a la misma tasa que una ganancia neta de capital. Filling out 1040x (Vea los capítulos 8 y 16). Filling out 1040x Distribuciones de suma global. Filling out 1040x (Vea el capítulo 10). Filling out 1040x Ingresos procedentes de la agricultura o pesca. Filling out 1040x (Vea el Anexo J del Formulario 1040, Income Averaging for Farmers and Fishermen (Cómo calcular el promedio de ingresos para los agricultores y pescadores), en inglés. Filling out 1040x Ingresos de inversiones de más de $2,000 para determinados hijos. Filling out 1040x (Vea el capítulo 31). Filling out 1040x Elección del padre o de la madre de declarar los intereses y dividendos de un hijo. Filling out 1040x (Vea el capítulo 31). Filling out 1040x Exclusión de ingresos devengados en el extranjero o exclusión por concepto de vivienda en el extranjero. Filling out 1040x (Vea el Formulario 2555, Foreign Earned Income (Ingresos devengados en el extranjero) o el Formulario 2555-EZ, Foreign Earned Income Exclusion (Exclusión de ingresos devengados en el extranjero) y el Foreign Earned Income Tax Worksheet (Hoja de trabajo para los impuestos sobre ingresos devengados en el extranjero) de las Instrucciones del Formulario 1040), todos en inglés. Filling out 1040x Créditos. Filling out 1040x   Luego de haber calculado el impuesto sobre los ingresos y todo impuesto mínimo alternativo (explicado más adelante), verifique si tiene derecho a algún crédito tributario. Filling out 1040x Puede encontrar información para saber si tiene derecho a estos créditos tributarios en los capítulos 32 al 37 y en las instrucciones de los formularios de impuestos. Filling out 1040x La tabla a continuación muestra los créditos que tal vez pueda restar del impuesto y le indica en dónde puede encontrar más información sobre cada crédito. Filling out 1040x CRÉDITOS Para información sobre: Vea el   capítulo: Adopción 37 Vehículo motorizado alternativo 37 Propiedad para reabastecimiento de vehículos con combustible alternativo 37 Cuidado de menores y dependientes 32 Crédito tributario por hijos 34 Crédito para titulares de bonos de crédito tributario 37 Estudios 35 Ancianos o personas incapacitadas 33 Crédito por vehículos eléctricos 37 Impuestos del extranjero 37 Intereses hipotecarios 37 Impuesto mínimo de años anteriores 37 Energía residencial 37 Aportaciones a arreglos de ahorros para la jubilación 37   Hay algunos créditos (como el crédito por ingreso del trabajo) que no aparecen en la lista porque se consideran pagos. Filling out 1040x Vea Pagos , más adelante. Filling out 1040x   Existen otros créditos no abordados en esta publicación. Filling out 1040x Éstos abarcan los siguientes créditos: Crédito general para negocios, el cual se compone de distintos créditos relacionados con los negocios. Filling out 1040x Éstos suelen declararse en el Formulario 3800, General Business Credit (Crédito general para negocios) y se explican en el capítulo 4 de la Publicación 334, Tax Guide for Small Business (Guía tributaria para pequeños negocios), ambos en inglés. Filling out 1040x Crédito por producción de electricidad renovable, carbón refinado y carbón de yacimientos en tierras pertenecientes a indios para electricidad y carbón refinado producidos en instalaciones puestas en funcionamiento después del 22 de octubre de 2004 (después del 2 de octubre de 2008, para la electricidad producida mediante la energía hidrocinética renovable y la energía marina renovable) y carbón de yacimientos en tierras pertenecientes a indios producido en instalaciones puestas en funcionamiento después del 8 de agosto de 2005. Filling out 1040x Vea la Parte II del Formulario 8835, Renewable Electricity, Refined Coal, and Indian Coal Production Credit (Crédito por producción de electricidad renovable, carbón refinado y carbón de yacimientos en tierras pertenecientes a indios), en inglés. Filling out 1040x Crédito de oportunidad laboral. Filling out 1040x Vea el Formulario 5884, Work Opportunity Credit (Crédito de oportunidad laboral), en inglés. Filling out 1040x Crédito por impuestos del Seguro Social y Medicare del empleador pagados sobre ciertas propinas del empleado. Filling out 1040x Vea el Formulario 8846, Credit for Employer Social Security and Medicare Taxes Paid on Certain Employee Tips (Crédito por impuestos del Seguro Social y del Medicare pagados por el empleador sobre ciertas propinas del empleado), en inglés. Filling out 1040x Otros impuestos. Filling out 1040x   Después de haber restado los créditos tributarios, determine si tiene que pagar impuestos adicionales. Filling out 1040x Este capítulo no explica dichos impuestos adicionales. Filling out 1040x Esa información aparece en otros capítulos de esta publicación y en las instrucciones de los formularios. Filling out 1040x Consulte la tabla siguiente para ver otros impuestos que tal vez necesite sumar al impuesto sobre los ingresos. Filling out 1040x OTROS IMPUESTOS Para información sobre: Vea el   capítulo: Impuestos adicionales sobre planes de jubilación y arreglos IRA calificados 10, 17 Impuestos sobre el empleo de empleados domésticos 32 Recuperación de un crédito para estudios 35 Impuesto del Seguro Social y Medicare sobre el salario 5 Impuesto del Seguro Social y Medicare sobre las propinas 6 Impuestos no retenidos del Seguro Social y Medicare sobre propinas 6   Usted quizás podría verse obligado a pagar el impuesto mínimo alternativo (el cual se explica más adelante en este capítulo). Filling out 1040x   Existen impuestos adicionales que no se explican en esta publicación. Filling out 1040x Éstos abarcan lo siguiente: Impuesto sobre el trabajo por cuenta propia. Filling out 1040x Tiene que calcular este impuesto si cualquiera de las dos condiciones siguientes le corresponde (o a su cónyuge, si usted presenta una declaración conjunta). Filling out 1040x Tiene ganancias netas provenientes del trabajo por cuenta propia de $400 o más, salvo ingresos de un empleado de una iglesia. Filling out 1040x El término “ganancias netas provenientes del trabajo por cuenta propia” puede incluir determinada remuneración que no recibió como empleado y otras cantidades detalladas en el Formulario 1099-MISC, Miscellaneous Income (Ingresos misceláneos), en inglés. Filling out 1040x Si recibió el Formulario 1099-MISC, vea las Instructions for Recipient (Instrucciones para el destinatario), al dorso del mismo. Filling out 1040x Asimismo, vea las instrucciones del Anexo SE del Formulario 1040, Self-Employment Tax (Impuesto sobre el trabajo por cuenta propia) y la Publicación 334, Tax Guide for Small Business (Guía tributaria para pequeños negocios), ambas en inglés. Filling out 1040x Recibió ingresos de $108. Filling out 1040x 28 o más como empleado de una iglesia. Filling out 1040x Impuesto Adicional del Medicare. Filling out 1040x Comenzando en el año 2013, usted quizás podría estar sujeto a un Impuesto Adicional del Medicare de 0. Filling out 1040x 9%, que se le aplica a los salarios sujetos al impuesto Medicare, la remuneración recibida conforme a la Railroad Retirement Act (Ley de Jubilación Ferroviaria) y el ingreso sobre el trabajo por cuenta propia que esté sobre cierta cantidad según su estado civil para efectos de la declaración. Filling out 1040x Si desea más información, vea las instrucciones para la línea 60 del Formulario 1040 y las Instrucciones para el Formulario 8959, ambas disponibles en inglés. Filling out 1040x Impuesto sobre los ingresos netos de inversión (NIIT, por sus siglas en inglés). Filling out 1040x Comenzando en el año 2013, usted quizás podría estar sujeto al impuesto sobre los ingresos netos de inversión (NIIT, por sus siglas en inglés). Filling out 1040x El NIIT es un impuesto de 3. Filling out 1040x 8% sobre la cantidad menor entre el ingreso neto de inversión o la cantidad en exceso de su ingreso bruto ajustado modificado sobre una cantidad límite. Filling out 1040x Si desea más información, vea las instrucciones para la línea 60 del Formulario 1040 y las Instrucciones para el Formulario 8960, ambas disponibles en inglés. Filling out 1040x Impuestos sobre recuperaciones. Filling out 1040x Podría verse obligado a pagar estos impuestos si antes ha reclamado un crédito por inversiones, crédito de vivienda para personas de bajos recursos, crédito por mercados nuevos, crédito por vehículos enchufables con motor de dirección eléctrica que reúnen los requisitos, crédito por vehículo motorizado alternativo, crédito por instalaciones para proveer cuidado de niños provistas por el empleador, crédito por empleo de indios estadounidenses u otros créditos enumerados en las instrucciones para la línea 60 del Formulario 1040. Filling out 1040x Para información adicional, vea las instrucciones para la línea 60 del Formulario 1040. Filling out 1040x Impuesto sobre beneficios en exceso de la sección 72(m)(5). Filling out 1040x Si usted es (o fue) propietario del 5% de un negocio y recibió una distribución superior a los beneficios que se le ofrecen conforme a la fórmula para planes de pensiones o de anualidades calificados, tal vez tenga que pagar este impuesto adicional. Filling out 1040x Vea Tax on Excess Benefits (Impuesto sobre beneficios en exceso), en el capítulo 4 de la Publicación 560, Retirement Plans for Small Business (Planes de jubilación para pequeños negocios), en inglés. Filling out 1040x Impuesto del Seguro Social y Medicare sobre el seguro de vida colectivo a término fijo que no fue recaudado. Filling out 1040x Si su antiguo empleador proveyó más de $50,000 en cobertura de seguro de vida colectivo a término fijo, usted tiene que pagar la parte correspondiente al empleado de los impuestos del Seguro Social y Medicare sobre esas primas. Filling out 1040x La cantidad debe aparecer en el recuadro 12 del Formulario W-2 con los códigos M y N. Filling out 1040x Impuestos sobre pagos de contrato blindado. Filling out 1040x Este impuesto le corresponde si recibió un “pago de contrato blindado en exceso” ( “excess parachute payment” o EPP, por sus siglas en inglés) debido a un cambio de propietario o administración de la empresa. Filling out 1040x La cantidad de este impuesto debe estar indicada en el recuadro 12 del Formulario W-2 con el código K. Filling out 1040x Vea las instrucciones para la línea 60 del Formulario 1040. Filling out 1040x Impuestos sobre distribuciones acumuladas de fideicomisos. Filling out 1040x Esto le corresponde si es el beneficiario de un fideicomiso que haya acumulado ingresos, en vez de haberlos distribuido a intervalos regulares. Filling out 1040x Vea el Formulario 4970, Tax on Accumulation Distribution of Trusts (Impuestos sobre distribuciones acumuladas de fideicomisos), y sus instrucciones, en inglés. Filling out 1040x Impuestos adicionales sobre las cuentas HSA o MSA. Filling out 1040x Puede que tenga que pagar impuestos adicionales si las cantidades que se han aportado a su cuenta de ahorros para la salud (HSA, por sus siglas en inglés) o su cuenta de ahorros para gastos médicos (MSA, por sus siglas en inglés) o las cantidades que se han distribuido de éstas no cumplen los requisitos correspondientes a dichas cuentas. Filling out 1040x Vea la Publicación 969, Health Savings Accounts and Other Tax-Favored Health Plans (Cuentas de ahorros para la salud y otros planes para la salud con beneficios tributarios); el Formulario 8853, Archer MSAs and Long-Term Care Insurance Contracts (Cuentas Archer MSA de ahorros médicos y contratos del seguro de cuidado a largo plazo); Formulario 8889, Health Savings Accounts (HSAs) (Cuentas de ahorros médicos (HSA, por sus siglas en inglés)) y el Formulario 5329, Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts (Impuestos adicionales sobre planes calificados (incluidos los arreglos IRA) y otras cuentas con beneficios tributarios), todos en inglés. Filling out 1040x Impuestos adicionales en cuentas Coverdell ESA para estudios. Filling out 1040x Esto es aplicable si las cantidades que se han aportado a su cuenta Coverdell ESA para estudios o que se han distribuido de la misma no satisfacen los requisitos correspondientes a dichas cuentas. Filling out 1040x Vea la Publicación 970, Tax Benefits for Education (Prestaciones tributarias para estudios) y el Formulario 5329, ambos en inglés. Filling out 1040x Impuestos adicionales sobre programas de matrícula calificada. Filling out 1040x Esto corresponde a cantidades distribuidas de programas de matrícula calificada generales pero que no cumplan los requisitos de dichas cuentas. Filling out 1040x Vea la Publicación 970 y el Formulario 5329, ambos en inglés. Filling out 1040x Impuestos sobre artículos de uso y consumo gravados sobre remuneraciones de acciones internas de una empresa expatriada. Filling out 1040x Tal vez adeude un impuesto sobre artículos de uso y consumo del 15% sobre el valor de opciones de acciones no estatutarias y sobre otra remuneración determinada procedente de las acciones, de las cuales usted o un miembro de su familia es dueño, que es de una empresa expatriada o su grupo ampliado de filiales en las que usted fue ejecutivo, directivo o propietario de más del 10%. Filling out 1040x Para información adicional, vea las instrucciones para la línea 60 del Formulario 1040. Filling out 1040x Impuestos adicionales sobre ingresos recibidos de un plan de remuneración diferida no calificado que no reúna determinados requisitos adicionales. Filling out 1040x Estos ingresos tienen que aparecer en el recuadro 12 del Formulario W-2, con el código Z o en el recuadro 15b del Formulario 1099-MISC. Filling out 1040x Para información adicional, vea las instrucciones para la línea 60 del Formulario 1040. Filling out 1040x Intereses sobre los impuestos adeudados sobre ingresos de pagos a plazo procedentes de la venta de ciertos terrenos residenciales y multipropiedades. Filling out 1040x Para información adicional, vea las instrucciones para la línea 60 del Formulario 1040. Filling out 1040x Intereses sobre los impuestos diferidos sobre ganancias de ciertas ventas a plazos con precio de venta superior a $150,000. Filling out 1040x Para información adicional, vea las instrucciones para la línea 60 del Formulario 1040. Filling out 1040x Devolución del crédito tributario para comprador de primera vivienda. Filling out 1040x Si desea más información, vea el Formulario 5405, Repayment of the First-Time Homebuyer Credit (Devolución del crédito tributario para comprador de primera vivienda) y sus instrucciones, disponibles en inglés. Filling out 1040x Además, vea las instrucciones para la línea 59b del Formulario 1040, en inglés. Filling out 1040x Pagos. Filling out 1040x   Después de calcular el impuesto total, calcule el total de los pagos que ya haya efectuado para el año. Filling out 1040x Incluya los créditos que se tratan como pagos. Filling out 1040x Este capítulo no explica dichos pagos ni créditos. Filling out 1040x Esa información aparece en otros capítulos de esta publicación y en las instrucciones de los formularios. Filling out 1040x Vea la siguiente tabla para saber qué cantidades se pueden incluir en el total de sus pagos. Filling out 1040x PAGOS Para información sobre: Vea el   capítulo: Crédito tributario por hijos (adicional) 34 Crédito por ingreso del trabajo 36 Impuestos estimados pagados 4 Impuestos de Seguro Social o impuestos de la jubilación ferroviaria retenidos en exceso 37 Retención del impuesto federal sobre los ingresos 4 Crédito tributario por cobertura del seguro médico 37 Crédito por sociedad inversionista reglamentada 37 Impuesto pagado a través de prórroga 1   Otro crédito que se considera un pago es el crédito por concepto del impuesto federal sobre artículos de uso y consumo pagado sobre combustibles. Filling out 1040x Este crédito es para personas que hagan uso no tributable de determinados combustibles, tales como diésel y keroseno. Filling out 1040x Se declara en la línea 70 del Formulario 1040. Filling out 1040x Vea el Formulario 4136, Credit for Federal Tax Paid on Fuels (Crédito por impuestos federales pagados sobre combustibles), en inglés. Filling out 1040x Reembolso o saldo adeudado. Filling out 1040x   Para saber si tiene derecho a recibir un reembolso o si tiene que efectuar algún pago, compare el total de los pagos con el total del impuesto. Filling out 1040x Si tiene derecho a un reembolso, vea las instrucciones del formulario que presentará para saber cómo puede depositar dicho reembolso directamente en una o más de sus cuentas o para comprar bonos de ahorros de los Estados Unidos en vez de recibir un cheque en papel. Filling out 1040x Impuesto Mínimo Alternativo (AMT) Esta sección explica brevemente el impuesto adicional que podría verse obligado a pagar. Filling out 1040x La ley tributaria les da un trato especial a determinados tipos de ingresos y permite deducciones y créditos especiales para algunos tipos de gastos. Filling out 1040x Los contribuyentes que se vean beneficiados por este trato particular podrían estar obligados a pagar al menos una cantidad mínima de impuestos mediante otro impuesto adicional denominado “impuesto mínimo alternativo” (AMT, por sus siglas en inglés). Filling out 1040x Tal vez tenga que pagar el impuesto mínimo alternativo si sus ingresos tributables para fines tributarios normales, sumados a determinados ajustes y elementos de preferencia tributaria, superan una determinada cantidad. Filling out 1040x Vea el Formulario 6251, Alternative Minimum Tax — Individuals (Impuesto mínimo alternativo — personas físicas), en inglés. Filling out 1040x Ajustes y elementos de preferencia tributaria. Filling out 1040x   Los ajustes más comunes y elementos de preferencia tributaria abarcan los siguientes casos: Inclusión de exenciones personales, Inclusión de la deducción estándar (si ésta se reclamó), Inclusión de deducciones detalladas por concepto de impuestos estatales y locales, determinados intereses, la mayor parte de las deducciones misceláneas y parte de los gastos médicos, Exclusión de todo reembolso de impuestos estatales y locales que se haya incluido en los ingresos brutos, Cambios en la depreciación acelerada de determinados bienes, La diferencia entre ganancias y pérdidas sobre la venta de bienes declarada para fines tributarios normales y del impuesto mínimo alternativo, Inclusión de determinados ingresos procedentes de opciones de compra de acciones con incentivo, Cambio en ciertas deducciones por pérdidas de actividades pasivas, Inclusión de algún valor de agotamiento que sea superior a la base ajustada de los bienes, Inclusión de una parte de la deducción por ciertos gastos de perforación intangibles e Inclusión de intereses exentos de impuestos sobre determinados bonos de una actividad privada. Filling out 1040x Información adicional. Filling out 1040x   Para más información acerca del impuesto mínimo alternativo, vea las Instrucciones para el Formulario 6251, en inglés. Filling out 1040x Impuestos Calculados por el IRS Si presenta la declaración para el 15 de abril de 2014, puede pedir que el IRS le calcule los impuestos en el Formulario 1040EZ, el Formulario 1040A o el Formulario 1040. Filling out 1040x Si el IRS le calcula los impuestos y usted pagó demasiado, recibirá un reembolso. Filling out 1040x Si no pagó lo suficiente, recibirá una factura que indique el saldo adeudado. Filling out 1040x Para no tener que pagar intereses o una multa por pagos morosos, tiene que pagar la factura dentro de 30 días a partir de la fecha de la factura o para la fecha de vencimiento para la presentación de la declaración, la que ocurra más tarde. Filling out 1040x El IRS también le calcula el crédito para ancianos o personas incapacitadas además del crédito por ingreso del trabajo. Filling out 1040x Cuándo el IRS no puede calcularle los impuestos. Filling out 1040x   El IRS no puede calcularle los impuestos si se da alguna de las siguientes condiciones: Desea que el reembolso se deposite directamente en sus cuentas. Filling out 1040x Desea que alguna parte del reembolso se aplique al impuesto estimado de 2014. Filling out 1040x Recibió ingresos para el año de fuentes que no sean salarios, sueldos, propinas, intereses, dividendos, beneficios de Seguro Social sujetos a impuestos, compensación por desempleo, distribuciones de un arreglo IRA, pensiones y anualidades. Filling out 1040x Su ingreso tributable es $100,000 o más. Filling out 1040x Detalla las deducciones. Filling out 1040x Presenta cualquiera de los siguientes formularios: Formulario 2555, Foreign Earned Income (Ingresos devengados en el extranjero), en inglés. Filling out 1040x Formulario 2555-EZ, Foreign Earned Income Exclusion (Exclusión de ingresos devengados en el extranjero), en inglés. Filling out 1040x Formulario 4137, Social Security and Medicare Tax on Unreported Tip Income (Impuestos del Seguro Social y Medicare sobre el ingreso de propinas no declaradas), en inglés. Filling out 1040x Formulario 4970, Tax on Accumulation Distribution of Trusts (Impuesto sobre distribuciones acumuladas de un fideicomiso), en inglés. Filling out 1040x Formulario 4972, Tax on Lump-Sum Distributions (Impuesto sobre distribuciones de sumas globales), en inglés. Filling out 1040x Formulario 6198, At-Risk Limitations (Límites sobre el monto en riesgo), en inglés. Filling out 1040x Formulario 6251, Alternative Minimum Tax—Individuals (Impuesto mínimo alternativo—personas físicas), en inglés. Filling out 1040x Formulario 8606, Nondeductible IRAs (Arreglos IRA no deducibles), en inglés. Filling out 1040x Formulario 8615, Tax for Certain Children Who Have Unearned Income (Impuesto para determinados hijos con ingresos no derivados del trabajo), en inglés. Filling out 1040x Formulario 8814, Parents' Election To Report Child's Interest and Dividends (Decisión de los padres de declarar los intereses y dividendos del hijo), en inglés. Filling out 1040x Formulario 8839, Qualified Adoption Expenses (Gastos de adopción calificados), en inglés. Filling out 1040x Formulario 8853, Archer MSAs and Long-Term Care Insurance Contracts (Planes de ahorros para gastos médicos Archer y contratos de seguro para cuidados a largo plazo), en inglés. Filling out 1040x Formulario 8889, Health Savings Accounts (HSAs) (Cuentas de ahorro para gastos médicos (HSA)), en inglés. Filling out 1040x Formulario 8919, Uncollected Social Security and Medicare Tax on Wages (Impuestos sobre salarios sujetos al Seguro Social y al Medicare no recaudados), en inglés. Filling out 1040x Cómo Presentar la Declaración Después de haber completado las líneas del formulario de impuestos que va a presentar, escriba su nombre y dirección. Filling out 1040x En el espacio provisto, anote su número de Seguro Social. Filling out 1040x Si es casado, escriba los números de Seguro Social de usted y su cónyuge aun si presenta una declaración por separado. Filling out 1040x Firme y feche la declaración y escriba su(s) oficio(s). Filling out 1040x Si presenta una declaración conjunta, usted y su cónyuge tienen que firmarla. Filling out 1040x En el espacio provisto, anote un número telefónico con su código de área donde ubicarlo durante el día. Filling out 1040x Esto agilizará la tramitación de su declaración si el IRS tiene una pregunta que puede ser resuelta por teléfono. Filling out 1040x Si presenta una declaración conjunta de impuestos, anote el número de teléfono donde usted o su cónyuge pueden ser localizados durante el día. Filling out 1040x Si desea autorizar al IRS para que hable sobre su declaración de impuestos del año 2013 con su amigo, con un miembro de su familia o con cualquier persona que usted elija, marque el recuadro “ Yes ” (Sí) en el área titulada “ Third Party Designee ” (Designación de un tercero) de su declaración de impuestos. Filling out 1040x También, escriba el nombre del designado, número de teléfono y cualesquier 5 dígitos que el designado elija como su número de identificación personal (PIN, por sus siglas en inglés). Filling out 1040x Si marca el recuadro “ Yes ” (Sí), usted y su cónyuge, si presentan una declaración conjunta, autoriza(n) a los empleados del IRS a llamar al designado para que éste conteste toda pregunta que surja durante el trámite de su declaración de impuestos. Filling out 1040x Complete y adjunte a su declaración en papel cualesquier anexo y formulario solicitado en las líneas que usted completó. Filling out 1040x Adjunte una copia de cada uno de los Formularios W-2 a la declaración en papel. Filling out 1040x Además, adjunte a su declaración en papel todo Formulario 1099-R recibido que indique retención de impuestos en el recuadro 4. Filling out 1040x Envíe la declaración al Internal Revenue Service Center (Centro de Servicio del IRS) que corresponda al área donde vive. Filling out 1040x Una lista de direcciones de Centros de Servicio se halla al final de la publicación y en las instrucciones de su declaración de impuestos. Filling out 1040x Datos a Incluir en el Formulario 1040EZ Lea las líneas 1 a 8b y llene las líneas que le correspondan. Filling out 1040x No llene las líneas 9 a 12. Filling out 1040x Si presenta una declaración conjunta, utilice el espacio a la izquierda de la línea 6 para indicar por separado los ingresos tributables suyos y los de su cónyuge. Filling out 1040x Pagos. Filling out 1040x   Anote en la línea 7 todo impuesto federal sobre los ingresos que se le haya retenido. Filling out 1040x El impuesto federal sobre los ingresos retenido aparece en el recuadro 2 del Formulario W-2 o en el recuadro 4 del Formulario 1099. Filling out 1040x Crédito por ingreso del trabajo. Filling out 1040x   Si puede reclamar este crédito, según se explica en el capítulo 36 , el IRS se lo puede calcular. Filling out 1040x Escriba “EIC” en el espacio a la izquierda de la línea 8a. Filling out 1040x Anote en la línea 8b la paga no tributable por combate que desee incluir en los ingresos derivados del trabajo. Filling out 1040x   Si su crédito de cualquier año posterior a 1996 fue reducido o denegado por el IRS, quizás tenga que presentar junto con la declaración el Formulario 8862(SP), Información Para Reclamar el Crédito Por Ingreso del Trabajo Después de Haber Sido Denegado (o el Formulario 8862, Information To Claim Earned Income Credit After Disallowance, en inglés). Filling out 1040x Para detalles adicionales, vea las Instrucciones para el Formulario 1040EZ, en inglés. Filling out 1040x Datos a Incluir en el Formulario 1040A Lea las líneas 1 a 27 y llene las líneas que le correspondan. Filling out 1040x Si presenta una declaración conjunta, utilice el espacio a la izquierda de la línea 27 para indicar por separado los ingresos tributables suyos y los de su cónyuge. Filling out 1040x No llene la línea 28. Filling out 1040x Llene las líneas 29 a 33 y 36 a 40 si le corresponden. Filling out 1040x Sin embargo, no llene las líneas 30 ni 38a si desea que el IRS le calcule los créditos indicados en dichas líneas. Filling out 1040x Además, escriba toda información adicional que le corresponda en el espacio a la izquierda de la línea 41. Filling out 1040x No llene las líneas 34, 35 ni 42 a la 46. Filling out 1040x Pagos. Filling out 1040x   Anote todo impuesto federal retenido sobre los ingresos que se indique en el recuadro 2 del Formulario W-2 o en el recuadro 4 del Formulario 1099, en la línea 36. Filling out 1040x Anote en la línea 37 todo pago de impuesto estimado que haya efectuado. Filling out 1040x Crédito por gastos del cuidado de menores y dependientes. Filling out 1040x   Si puede reclamar este crédito, según se explica en el capítulo 32 , complete el Formulario 2441, Child and Dependent Care Expenses (Gastos del cuidado de menores y dependientes), en inglés, y adjúntelo a su declaración. Filling out 1040x Anote la cantidad del crédito en la línea 29. Filling out 1040x El IRS no le calculará este crédito. Filling out 1040x Crédito para ancianos o personas incapacitadas. Filling out 1040x   Si puede reclamar este crédito, según se explica en el capítulo 33 , el IRS le calculará este crédito. Filling out 1040x Escriba “ CFE ” en el espacio a la izquierda de la línea 30 y adjunte el Anexo R del Formulario 1040, Credit for the Elderly or the Disabled (Crédito para ancianos o personas incapacitadas), en inglés, a su declaración de impuestos en papel. Filling out 1040x En el Anexo R, marque el recuadro de la Parte I correspondiente a su estado civil para efectos de la declaración y edad. Filling out 1040x Complete la Parte II y las líneas 11 y 13 de la Parte III, si le corresponden. Filling out 1040x Crédito por ingreso del trabajo. Filling out 1040x   Si puede reclamar este crédito, según se explica en el capítulo 36 , el IRS se lo calculará. Filling out 1040x Anote “EIC” a la izquierda del espacio de la línea 38a. Filling out 1040x Anote en la línea 38b la paga no tributable por combate que desee incluir en los ingresos derivados del trabajo. Filling out 1040x   Si tiene un hijo que le da derecho a este crédito, tiene que llenar el Anexo EIC (Formulario 1040 ó 1040A), Earned Income Credit (Crédito por ingreso del trabajo), en inglés, y adjuntarlo a su declaración en papel. Filling out 1040x Si no provee el número de Seguro Social de su hijo en la línea 2 del Anexo EIC, el crédito será reducido o denegado a menos que el hijo haya nacido y fallecido en el año 2013. Filling out 1040x   Si su crédito de cualquier año posterior a 1996 fue reducido o denegado por el IRS, tal vez tenga que presentar junto con la declaración el Formulario 8862(SP) (o el Formulario 8862, en inglés). Filling out 1040x Para detalles adicionales, vea las Instrucciones para el Formulario 1040A. Filling out 1040x Datos a Incluir en el Formulario 1040 Lea las líneas 1 a 43 y llene las líneas que le correspondan. Filling out 1040x No llene la línea 44. Filling out 1040x Si presenta una declaración conjunta, utilice el espacio bajo las palabras “ Adjusted Gross Income ” (Ingresos brutos ajustados), en la primera página de la declaración para indicar por separado los ingresos tributables suyos y los de su cónyuge. Filling out 1040x Lea las líneas 45 a la 71. Filling out 1040x Llene las líneas que le correspondan, pero no llene las líneas 54, 61 ni 72. Filling out 1040x Además, no complete la línea 55 ni las líneas 73 a 77. Filling out 1040x No llene el recuadro “ c ” de la línea 53 si completa el Anexo R del Formulario 1040A o 1040, ni la línea 64a si desea que el IRS le calcule los créditos indicados en dichas líneas. Filling out 1040x Pagos. Filling out 1040x   Anote todo impuesto federal retenido sobre los ingresos que se indique en el recuadro 2 del Formulario W-2 o en el recuadro 4 del Formulario 1099, en la línea 62. Filling out 1040x Anote en la línea 63 todo pago de impuesto estimado que haya efectuado. Filling out 1040x Crédito por gastos del cuidado de menores y dependientes. Filling out 1040x   Si puede reclamar este crédito, según se explica en el capítulo 32 , complete el Formulario 2441, en inglés, y adjúntelo a su declaración en papel. Filling out 1040x Anote la cantidad del crédito en la línea 48. Filling out 1040x El IRS no le calculará este crédito. Filling out 1040x Crédito para ancianos o personas incapacitadas. Filling out 1040x   Si puede reclamar este crédito, según se explica en el capítulo 33 , el IRS puede calcularle este crédito. Filling out 1040x Escriba “CFE” al lado de la línea 53 y marque el recuadro “ c ” y adjunte el Anexo R del Formulario 1040A o 1040 a su declaración en papel. Filling out 1040x En el Anexo R del Formulario 1040A o 1040, marque el recuadro de la Parte I correspondiente a su estado civil para efectos de la declaración y edad. Filling out 1040x Complete la Parte II y las líneas 11 y 13 de la Parte III, si le corresponden. Filling out 1040x Crédito por ingreso del trabajo. Filling out 1040x   Si puede reclamar este crédito, según se explica en el capítulo 36 , el IRS se lo calculará. Filling out 1040x Anote “EIC” en la línea de puntos al lado de la línea 64a del Formulario 1040. Filling out 1040x Anote en la línea 64b la paga no tributable por combate que desee incluir en los ingresos derivados del trabajo. Filling out 1040x   Si tiene un hijo que le dé derecho a este crédito, tiene que llenar el Anexo EIC, Earned Income Credit (Crédito por ingreso del trabajo), en inglés, y adjuntarlo a su declaración en papel. Filling out 1040x Si no provee el número de Seguro Social de su hijo en la línea 2 del Anexo EIC (Formulario 1040 ó 1040A), el crédito será reducido o denegado a menos que su hijo haya nacido y fallecido en el año 2013. Filling out 1040x   Si su crédito de cualquier año posterior a 1996 fue reducido o denegado por el IRS, tal vez tenga que presentar junto con la declaración el Formulario 8862(SP), (o el Formulario 8862, en inglés). Filling out 1040x Para detalles adicionales, vea las Instrucciones para el Formulario 1040, en inglés. Filling out 1040x Prev  Up  Next   Home   More Online Publications