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Free Federal Tax Filing For 2011

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Free Federal Tax Filing For 2011

Free federal tax filing for 2011 Index A Accelerated death benefits, Accelerated Death Benefits, Accelerated death benefits. Free federal tax filing for 2011 Archer MSA, HSA, Archer MSA, or Medicare Advantage MSA, HSA, Archer MSA, or a Medicare Advantage MSA. Free federal tax filing for 2011 Assistance (see Tax help) Astronauts Tax forgiveness, Astronauts B Basis Inherited property, Basis of Inherited Property Joint interest property, Joint interest. Free federal tax filing for 2011 Qualified joint interest, Qualified joint interest. Free federal tax filing for 2011 Beneficiary Basis of property, Basis of Inherited Property Character of distributions, Character of Distributions Excess deductions, Excess deductions. Free federal tax filing for 2011 Income received, Other Items of Income Liability, estate's income tax, Liability of the beneficiary. Free federal tax filing for 2011 Nonresident alien, Nonresident alien beneficiary. Free federal tax filing for 2011 Reporting distributions, How and When To Report Successor, Successor beneficiary. Free federal tax filing for 2011 Treatment of distributions, Distributions to Beneficiaries Unused loss carryovers, Unused loss carryovers. Free federal tax filing for 2011 Bequest Defined, Bequest Property received, Gifts, Insurance, and Inheritances C Claim, credit or refund, Claim for Credit or Refund Combat zone, Combat Zone Comments, Comments and suggestions. Free federal tax filing for 2011 Coverdell education savings account (ESA), Coverdell Education Savings Account (ESA), Coverdell education savings account (ESA). Free federal tax filing for 2011 Credit Child tax, Child tax credit. Free federal tax filing for 2011 Earned income, Earned income credit. Free federal tax filing for 2011 Elderly or disabled, Credit for the elderly or the disabled. Free federal tax filing for 2011 Final return for decedent, Credits General business, General business tax credit. Free federal tax filing for 2011 D Death benefits Accelerated, Accelerated Death Benefits, Accelerated death benefits. Free federal tax filing for 2011 Public safety officers, Death benefits. Free federal tax filing for 2011 Decedent Final return, Final Income Tax Return for Decedent—Form 1040 Income in respect of, Income in Respect of a Decedent Deductions Estate tax, Estate Tax Deduction In respect of decedent, Deductions in Respect of a Decedent Medical expenses, Medical Expenses Standard, Standard Deduction Distributable net income, Distributable net income. Free federal tax filing for 2011 Distributions Deduction, Income Distribution Deduction Limit on deduction, Tax-exempt income not deductible. Free federal tax filing for 2011 Not treated as bequests, Distributions not treated as bequests. Free federal tax filing for 2011 Property, in kind, Property distributed in kind. Free federal tax filing for 2011 E Education savings account, Coverdell, Coverdell Education Savings Account (ESA), Coverdell education savings account (ESA). Free federal tax filing for 2011 Estate Income tax return, Income Tax Return of an Estate— Form 1041 Insolvent, Insolvent estate. Free federal tax filing for 2011 Period of administration, Period of Administration Tax deduction, Estate Tax Deduction Termination, Termination of Estate Transfer of unused deductions, Transfer of Unused Deductions to Beneficiaries Estate tax deduction, Estate Tax Deduction Estimated tax, Estimated tax. Free federal tax filing for 2011 , Transfer of Credit for Estimated Tax Payments Example Comprehensive, Comprehensive Example Decedent's final return, Final Return for Decedent—Form 1040 Estate's tax return, Income Tax Return of an Estate—Form 1041 Exemption Estate's tax return, Exemption Deduction Final return for decedent, Exemptions Expenses Accrued, Accrued expenses. Free federal tax filing for 2011 Administration, Administration Expenses Deductions in respect of decedent, Deductions in Respect of a Decedent Funeral, Funeral and Medical Expenses Medical, Medical Expenses, Medical and dental expenses of a decedent. Free federal tax filing for 2011 Extension to file Form 1041, Extension of time to file. Free federal tax filing for 2011 F Fiduciary relationship, Notice of fiduciary relationship. Free federal tax filing for 2011 Filing requirements Decedent's final return, Filing Requirements Estate's tax return, Filing Requirements Final return for decedent Credits, Credits Exemption and deductions, Exemptions and Deductions Filing requirements, Filing Requirements Income to include, Income To Include Joint return, Joint Return Name, address, and signature, Name, Address, and Signature Other taxes, Other Taxes Payments, Payments of Tax When and where to file, When and Where To File Who must file, Final Income Tax Return for Decedent—Form 1040 Form 1040NR, Nonresident Alien, Filing Requirements 1041, Income Tax Return of an Estate— Form 1041 1042, Nonresident alien beneficiary. Free federal tax filing for 2011 1310, Form 1310, Statement of Person Claiming Refund Due a Deceased Taxpayer. Free federal tax filing for 2011 4810, Form 4810. Free federal tax filing for 2011 56, Notice of fiduciary relationship. Free federal tax filing for 2011 6251, Form 6251. Free federal tax filing for 2011 706, Estate and Gift Taxes SS–4, Identification number. Free federal tax filing for 2011 Free tax services, Free help with your tax return. Free federal tax filing for 2011 Funeral expenses, Funeral expenses. Free federal tax filing for 2011 G Gift, property, Gifts, Insurance, and Inheritances H Help (see Tax help) I Identification number, application, Identification number. Free federal tax filing for 2011 Income Community, Community Income Distributable net income, Distributable net income. Free federal tax filing for 2011 Distributed currently, Income That Must Be Distributed Currently Interest and dividend, Interest and Dividend Income (Forms 1099) Partnership, final return, Partnership Income S corporation, S Corporation Income Self-employment, Self-Employment Income Income in respect of decedent, Income in Respect of a Decedent, Inherited IRAs. Free federal tax filing for 2011 Income tax return of an estate Credits, tax, and payments, Credits, Tax, and Payments Exemption and deductions, Exemption and Deductions Filing requirements, Filing Requirements Income to include, Income To Include Name, address, and signature, Name, Address, and Signature When and where to file, When and Where To File Inherited IRAs, Inherited IRAs. Free federal tax filing for 2011 Inherited property, Gifts, Insurance, and Inheritances Installment obligations, Installment obligations. Free federal tax filing for 2011 , Installment obligations. Free federal tax filing for 2011 Insurance, Insurance J Joint return Revoked by personal representative, Personal representative may revoke joint return election. Free federal tax filing for 2011 Who can file, Joint Return L Losses Deduction on final return, Deduction for Losses Estate's tax return, Losses M Military or terrorist actions Claim for credit or refund, Claim for Credit or Refund Defined, Military or terrorist action defined. Free federal tax filing for 2011 Tax forgiveness, Tax Forgiveness for Armed Forces Members, Victims of Terrorism, and Astronauts N Notice of fiduciary relationship Form 56, Notice of fiduciary relationship. Free federal tax filing for 2011 P Partnership income, Partnership Income, Partnership income. Free federal tax filing for 2011 Penalty Information returns, Penalty. Free federal tax filing for 2011 Substantial valuation misstatement, Valuation misstatements. Free federal tax filing for 2011 Personal representative Defined, Personal Representative Duties, Duties Fees received, Fees Received by Personal Representatives Penalty, Penalty. Free federal tax filing for 2011 , Penalty. Free federal tax filing for 2011 Prompt assessment, request, Request for prompt assessment (charge) of tax. Free federal tax filing for 2011 Public safety officers, death benefits, Death benefits. Free federal tax filing for 2011 Publications (see Tax help) R Refund File for decedent, Refund Military or terrorist action deaths, Claim for Credit or Refund Release from liability, Request for discharge from personal liability for tax. Free federal tax filing for 2011 Return Decedent's final, Final Income Tax Return for Decedent—Form 1040 Estate's income tax, Income Tax Return of an Estate— Form 1041 Information, Information Returns Roth IRA, Roth IRAs. Free federal tax filing for 2011 S Separate shares rule, Separate shares rule. Free federal tax filing for 2011 Suggestions, Comments and suggestions. Free federal tax filing for 2011 Survivors Income, Other Items of Income Tax benefits, Tax Benefits for Survivors T Tax Alternative minimum Estate, Alternative minimum tax (AMT). Free federal tax filing for 2011 Individuals, Alternative minimum tax (AMT). Free federal tax filing for 2011 Benefits, survivors, Tax Benefits for Survivors Estimated, estate, Estimated tax. Free federal tax filing for 2011 , Transfer of Credit for Estimated Tax Payments Payments, final return, Payments of Tax Refund of income (claim), Form 1310, Statement of Person Claiming Refund Due a Deceased Taxpayer. Free federal tax filing for 2011 Self-employment, Self-employment tax. Free federal tax filing for 2011 Transfer of credit, Transfer of Credit for Estimated Tax Payments Tax help, How To Get Tax Help Terrorist action, tax relief, Tax Forgiveness for Armed Forces Members, Victims of Terrorism, and Astronauts Terrorist victim, Specified Terrorist Victim TTY/TDD information, How To Get Tax Help V Valuation method Inherited property, Basis of Inherited Property Special-use, Special-use valuation. Free federal tax filing for 2011 Victims of terrorist attacks, Specified Terrorist Victim W Widows and widowers, tax benefits, Qualifying widows and widowers. Free federal tax filing for 2011 Prev  Up     Home   More Online Publications
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Government Benefits, Grants, and Financial Aid

Learn how to get benefits from the government and browse popular benefits by topic.

Free Money from the Government

Many people have heard that the government will give you money for almost any reason. This is not true.

You must complete an application and meet specific eligibility requirements in order to receive financial assistance from the government.

Benefits.gov can help you determine which types of government assistance you might qualify for and tell you where to apply.

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Benefits.gov can help you identify grants, loans, financial aid, and other benefits from the federal government, determine if you are eligible, and then tell you how and where to apply.

When looking for financial assistance, remember that there are differences between grants and loans. You are required to pay back a loan, often with interest. You are not required to pay back a grant.

Your state's human service or social service agency might also be able to provide financial assistance or refer you to local community organizations for help.

Grants

There are very few grants available to individuals, sometimes called “personal grants.” The best place to find money to help you and your family is Benefits.gov.

Most grants are awarded to universities, researchers, cities, states, counties, and non-profit organizations. You can find grants for organizations at Grants.gov.

Loans

GovLoans.gov can help you find loans from the government including business and education loans. You are required to pay back loans, often with interest.

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Most Popular Benefits by Topic

Especially for Specific Audiences

Agricultural and Rural Assistance

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The Free Federal Tax Filing For 2011

Free federal tax filing for 2011 8. Free federal tax filing for 2011   Distributions and Rollovers Table of Contents DistributionsMinimum Required Distributions No Special 10-Year Tax Option Transfer of Interest in 403(b) ContractAfter-tax contributions. Free federal tax filing for 2011 Permissive service credit. Free federal tax filing for 2011 Tax-Free RolloversHardship exception to rollover rules. Free federal tax filing for 2011 Eligible retirement plans. Free federal tax filing for 2011 Nonqualifying distributions. Free federal tax filing for 2011 Second rollover. Free federal tax filing for 2011 Gift Tax Distributions Permissible distributions. Free federal tax filing for 2011   Generally, a distribution cannot be made from a 403(b) account until the employee: Reaches age 59½, Has a severance from employment, Dies, Becomes disabled, In the case of elective deferrals, encounters financial hardship, or Has a qualified reservist distribution. Free federal tax filing for 2011 In most cases, the payments you receive or that are made available to you under your 403(b) account are taxable in full as ordinary income. Free federal tax filing for 2011 In general, the same tax rules apply to distributions from 403(b) plans that apply to distributions from other retirement plans. Free federal tax filing for 2011 These rules are explained in Publication 575. Free federal tax filing for 2011 Publication 575 also discusses the additional tax on early distributions from retirement plans. Free federal tax filing for 2011 Retired public safety officers. Free federal tax filing for 2011   If you are an eligible retired public safety officer, distributions of up to $3,000, made directly from your 403(b) plan to pay accident, health, or long-term care insurance, are not included in your taxable income. Free federal tax filing for 2011 The premiums can be for you, your spouse, or your dependents. Free federal tax filing for 2011   A public safety officer is a law enforcement officer, fire fighter, chaplain, or member of a rescue squad or ambulance crew. Free federal tax filing for 2011   For additional information, see Publication 575. Free federal tax filing for 2011 Distribution for active reservist. Free federal tax filing for 2011   The 10% penalty for early withdrawals will not apply to a qualified reservist distribution attributable to elective deferrals from a 403(b) plan. Free federal tax filing for 2011 A qualified reservist distribution is a distribution that is made: To an individual who is a reservist or national guardsman and who was ordered or called to active duty for a period in excess of 179 days or for an indefinite period; and During the period beginning on the date of the order or call to duty and ending at the close of the active duty period. Free federal tax filing for 2011 Minimum Required Distributions You must receive all, or at least a certain minimum, of your interest accruing after 1986 in the 403(b) plan by April 1 of the calendar year following the later of the calendar year in which you become age 70½, or the calendar year in which you retire. Free federal tax filing for 2011 Check with your employer, plan administrator, or provider to find out whether this rule also applies to pre-1987 accruals. Free federal tax filing for 2011 If not, a minimum amount of these accruals must begin to be distributed by the later of the end of the calendar year in which you reach age 75 or April 1 of the calendar year following retirement. Free federal tax filing for 2011 For each year thereafter, the minimum distribution must be made by the last day of the year. Free federal tax filing for 2011 If you do not receive the required minimum distribution, you are subject to a nondeductible 50% excise tax on the difference between the required minimum distribution and the amount actually distributed. Free federal tax filing for 2011 No Special 10-Year Tax Option A distribution from a 403(b) plan does not qualify as a lump-sum distribution. Free federal tax filing for 2011 This means you cannot use the special 10-year tax option to calculate the taxable portion of a 403(b) distribution. Free federal tax filing for 2011 For more information, see Publication 575. Free federal tax filing for 2011 Transfer of Interest in 403(b) Contract Contract exchanges. Free federal tax filing for 2011   If you transfer all or part of your interest from a 403(b) contract to another 403(b) contract (held in the same plan), the transfer is tax free, and is referred to as a contract exchange. Free federal tax filing for 2011 This was previously known as a 90-24 transfer. Free federal tax filing for 2011 A contract exchange is similar to a 90-24 transfer with one major difference. Free federal tax filing for 2011 Previously, you were able to accomplish the transfer without your employer’s involvement. Free federal tax filing for 2011 After September 24, 2007, all such transfers are accomplished through a contract exchange requiring your employer’s involvement. Free federal tax filing for 2011 In addition, the plan must provide for the exchange and the transferred interest must be subject to the same or stricter distribution restrictions. Free federal tax filing for 2011 Finally, your accumulated benefit after the exchange must be equal to what it was before the exchange. Free federal tax filing for 2011   Transfers that do not satisfy this rule are plan distributions and are generally taxable as ordinary income. Free federal tax filing for 2011 Plan-to-plan transfers. Free federal tax filing for 2011   You may also transfer part or all of your interest from a 403(b) plan to another 403(b) plan if you are an employee of (or were formerly employed by) the employer of the plan to which you would like to transfer. Free federal tax filing for 2011 Both the initial plan and the receiving plan must provide for transfers. Free federal tax filing for 2011 Your accumulated benefit after the transfer must be at least equal to what it was before the transfer. Free federal tax filing for 2011 The new plan’s restrictions on distributions must be the same or stricter than those of the original plan. Free federal tax filing for 2011 Tax-free transfers for certain cash distributions. Free federal tax filing for 2011   A tax-free transfer may also apply to a cash distribution of your 403(b) account from an insurance company that is subject to a rehabilitation, conservatorship, insolvency, or similar state proceeding. Free federal tax filing for 2011 To receive tax-free treatment, you must do all of the following: Withdraw all the cash to which you are entitled in full settlement of your contract rights or, if less, the maximum permitted by the state. Free federal tax filing for 2011 Reinvest the cash distribution in a single policy or contract issued by another insurance company or in a single custodial account subject to the same or stricter distribution restrictions as the original contract not later than 60 days after you receive the cash distribution. Free federal tax filing for 2011 Assign all future distribution rights to the new contract or account for investment in that contract or account if you received an amount that is less than what you are entitled to because of state restrictions. Free federal tax filing for 2011   In addition to the preceding requirements, you must provide the new insurer with a written statement containing all of the following information: The gross amount of cash distributed under the old contract. Free federal tax filing for 2011 The amount of cash reinvested in the new contract. Free federal tax filing for 2011 Your investment in the old contract on the date you receive your first cash distribution. Free federal tax filing for 2011   Also, you must attach the following items to your timely filed income tax return in the year you receive the first distribution of cash. Free federal tax filing for 2011 A copy of the statement you gave the new insurer. Free federal tax filing for 2011 A statement that includes: The words ELECTION UNDER REV. Free federal tax filing for 2011 PROC. Free federal tax filing for 2011 92-44, The name of the company that issued the new contract, and The new policy number. Free federal tax filing for 2011 Direct trustee-to-trustee transfer. Free federal tax filing for 2011   If you make a direct trustee-to-trustee transfer, from your governmental 403(b) account to a defined benefit governmental plan, it may not be includible in gross income. Free federal tax filing for 2011   The transfer amount is not includible in gross income if it is made to: Purchase permissive service credits, or Repay contributions and earnings that were previously refunded under a forfeiture of service credit under the plan, or under another plan maintained by a state or local government employer within the same state. Free federal tax filing for 2011 After-tax contributions. Free federal tax filing for 2011   For distributions beginning after December 31, 2006, after-tax contributions can be rolled over between a 403(b) plan and a defined benefit plan, IRA, or a defined contribution plan. Free federal tax filing for 2011 If the rollover is to or from a 403(b) plan, it must occur through a direct trustee-to-trustee transfer. Free federal tax filing for 2011 Permissive service credit. Free federal tax filing for 2011   A permissive service credit is credit for a period of service recognized by a defined benefit governmental plan only if you voluntarily contribute to the plan an amount that does not exceed the amount necessary to fund the benefit attributable to the period of service and the amount contributed is in addition to the regular employee contribution, if any, under the plan. Free federal tax filing for 2011   A permissive service credit may also include service credit for up to 5 years where there is no performance of service, or service credited to provide an increased benefit for service credit which a participant is receiving under the plan. Free federal tax filing for 2011   Check with your plan administrator as to the type and extent of service that may be purchased by this transfer. Free federal tax filing for 2011 Tax-Free Rollovers You can generally roll over tax free all or any part of a distribution from a 403(b) plan to a traditional IRA or a non-Roth eligible retirement plan, except for any nonqualifying distributions, described later. Free federal tax filing for 2011 You may also roll over any part of a distribution from a 403(b) plan by converting it through a direct rollover, described below, to a Roth IRA. Free federal tax filing for 2011 Conversion amounts are generally includible in your taxable income in the year of the distribution from your 403(b) account. Free federal tax filing for 2011 See Publication 590 for more information about conversion into a Roth IRA. Free federal tax filing for 2011 Note. Free federal tax filing for 2011 A participant is required to roll over distribution amounts received within 60 days in order for the amount to be treated as nontaxable. Free federal tax filing for 2011 Distribution amounts that are rolled over within the 60 days are not subject to the 10% early distribution penalty. Free federal tax filing for 2011 Rollovers to and from 403(b) plans. Free federal tax filing for 2011   You can generally roll over tax free all or any part of a distribution from an eligible retirement plan to a 403(b) plan. Free federal tax filing for 2011 Beginning January 1, 2008, distributions from tax-qualified retirement plans and tax-sheltered annuities can be converted by making a direct rollover into a Roth IRA subject to the restrictions that currently apply to rollovers from a traditional IRA into a Roth IRA. Free federal tax filing for 2011 Converted amounts are generally includible in your taxable income in the year of the distribution from your 403(b) account. Free federal tax filing for 2011 See Publication 590 for more information on conversion into a Roth IRA. Free federal tax filing for 2011   If a distribution includes both pre-tax contributions and after-tax contributions, the portion of the distribution that is rolled over is treated as consisting first of pre-tax amounts (contributions and earnings that would be includible in income if no rollover occurred). Free federal tax filing for 2011 This means that if you roll over an amount that is at least as much as the pre-tax portion of the distribution, you do not have to include any of the distribution in income. Free federal tax filing for 2011   For more information on rollovers and eligible retirement plans, see Publication 575. Free federal tax filing for 2011 If you roll over money or other property from a 403(b) plan to an eligible retirement plan, see Publication 575 for information about possible effects on later distributions from the eligible retirement plan. Free federal tax filing for 2011 Hardship exception to rollover rules. Free federal tax filing for 2011   The IRS may waive the 60-day rollover period if the failure to waive such requirement would be against equity or good conscience, including cases of casualty, disaster, or other events beyond the reasonable control of an individual. Free federal tax filing for 2011   To obtain a hardship exception, you must apply to the IRS for a waiver of the 60-day rollover requirement. Free federal tax filing for 2011 You apply for the waiver by following the general instructions used in requesting a letter ruling. Free federal tax filing for 2011 These instructions are stated in Revenue Procedure 2013-4, 2013-1 I. Free federal tax filing for 2011 R. Free federal tax filing for 2011 B. Free federal tax filing for 2011 126 available at www. Free federal tax filing for 2011 irs. Free federal tax filing for 2011 gov/irb/2013-01_IRB/ar09. Free federal tax filing for 2011 html, or see the latest annual update. Free federal tax filing for 2011 You must also pay a user fee with the application. Free federal tax filing for 2011 The user fee for a rollover that is less than $50,000 is $500. Free federal tax filing for 2011 For rollovers that are $50,000 or more, see Revenue Procedure 2013-8, 2013-1 I. Free federal tax filing for 2011 R. Free federal tax filing for 2011 B. Free federal tax filing for 2011 237 available at www. Free federal tax filing for 2011 irs. Free federal tax filing for 2011 gov/irb/2013-01_IRB/ar13. Free federal tax filing for 2011 html, or see the latest annual update. Free federal tax filing for 2011   In determining whether to grant a waiver, the IRS will consider all relevant facts and circumstances, including: Whether errors were made by the financial institution; Whether you were unable to complete the rollover due to death, disability, hospitalization, incarceration, restrictions imposed by a foreign country, or postal error; Whether you used the amount distributed (for example, in the case of payment by check, whether you cashed the check); and How much time has passed since the date of distribution. Free federal tax filing for 2011   For additional information on rollovers, see Publication 590. Free federal tax filing for 2011 Eligible retirement plans. Free federal tax filing for 2011   The following are considered eligible retirement plans. Free federal tax filing for 2011 Individual retirement arrangements. Free federal tax filing for 2011 Roth IRA. Free federal tax filing for 2011 403(b) plans. Free federal tax filing for 2011 Government eligible 457 plans. Free federal tax filing for 2011 Qualified retirement plans. Free federal tax filing for 2011  If the distribution is from a designated Roth account, then the only eligible retirement plan is another designated Roth account or a Roth IRA. Free federal tax filing for 2011 Nonqualifying distributions. Free federal tax filing for 2011   You cannot roll over tax free: Minimum required distributions (generally required to begin at age 70½), Substantially equal payments over your life or life expectancy, Substantially equal payments over the joint lives or life expectancies of your beneficiary and you, Substantially equal payments for a period of 10 years or more, Hardship distributions, or Corrective distributions of excess contributions or excess deferrals, and any income allocable to the excess, or excess annual additions and any allocable gains. Free federal tax filing for 2011 Rollover of nontaxable amounts. Free federal tax filing for 2011    You may be able to roll over the nontaxable part of a distribution (such as your after-tax contributions) made to another eligible retirement plan, traditional IRA, or Roth IRA. Free federal tax filing for 2011 The transfer must be made either through a direct rollover to an eligible plan that separately accounts for the taxable and nontaxable parts of the rollover or through a rollover to a traditional IRA or Roth IRA. Free federal tax filing for 2011   If you roll over only part of a distribution that includes both taxable and nontaxable amounts, the amount you roll over is treated as coming first from the taxable part of the distribution. Free federal tax filing for 2011 Direct rollovers of 403(b) plan distributions. Free federal tax filing for 2011   You have the option of having your 403(b) plan make the rollover directly to a traditional IRA, Roth IRA, or new plan. Free federal tax filing for 2011 Before you receive a distribution, your plan will give you information on this. Free federal tax filing for 2011 It is generally to your advantage to choose this option because your plan will not withhold tax on the distribution if you choose it. Free federal tax filing for 2011 Distribution received by you. Free federal tax filing for 2011   If you receive a distribution that qualifies to be rolled over, you can roll over all or any part of the distribution. Free federal tax filing for 2011 Generally, you will receive only 80% of the distribution because 20% must be withheld. Free federal tax filing for 2011 If you roll over only the 80% you receive, you must pay tax on the 20% you did not roll over. Free federal tax filing for 2011 You can replace the 20% that was withheld with other money within the 60-day period to make a 100% rollover. Free federal tax filing for 2011 Voluntary deductible contributions. Free federal tax filing for 2011   For tax years 1982 through 1986, employees could make deductible contributions to a 403(b) plan under the individual retirement arrangement (IRA) rules instead of deducting contributions to a traditional IRA. Free federal tax filing for 2011   If you made voluntary deductible contributions to a 403(b) plan under these traditional IRA rules, the distribution of all or part of the accumulated deductible contributions may be rolled over if it otherwise qualifies as a distribution you can roll over. Free federal tax filing for 2011 Accumulated deductible contributions are the deductible contributions: Plus Income allocable to the contributions, Gain allocable to the contributions, and Minus Expenses and losses allocable to the contributions, and Distributions from the contributions, income, or gain. Free federal tax filing for 2011 Excess employer contributions. Free federal tax filing for 2011   The portion of a distribution from a 403(b) plan transferred to a traditional IRA that was previously included in income as excess employer contributions (discussed earlier) is not an eligible rollover distribution. Free federal tax filing for 2011   Its transfer does not affect the rollover treatment of the eligible portion of the transferred amounts. Free federal tax filing for 2011 However, the ineligible portion is subject to the traditional IRA contribution limits and may create an excess IRA contribution subject to a 6% excise tax (see chapter 1 of Publication 590). Free federal tax filing for 2011 Qualified domestic relations order. Free federal tax filing for 2011   You may be able to roll over tax free all or any part of an eligible rollover distribution from a 403(b) plan that you receive under a qualified domestic relations order (QDRO). Free federal tax filing for 2011 If you receive the interest in the 403(b) plan as an employee's spouse or former spouse under a QDRO, all of the rollover rules apply to you as if you were the employee. Free federal tax filing for 2011 You can roll over your interest in the plan to a traditional IRA or another 403(b) plan. Free federal tax filing for 2011 For more information on the treatment of an interest received under a QDRO, see Publication 575. Free federal tax filing for 2011 Spouses of deceased employees. Free federal tax filing for 2011   If you are the spouse of a deceased employee, you can roll over the qualifying distribution attributable to the employee. Free federal tax filing for 2011 You can make the rollover to any eligible retirement plan. Free federal tax filing for 2011   After you roll money and other property over from a 403(b) plan to an eligible retirement plan, and you take a distribution from that plan, you will not be eligible to receive the capital gain treatment or the special averaging treatment for the distribution. Free federal tax filing for 2011 Second rollover. Free federal tax filing for 2011   If you roll over a qualifying distribution to a traditional IRA, you can, if certain conditions are satisfied, later roll the distribution into another 403(b) plan. Free federal tax filing for 2011 For more information, see IRA as a holding account (conduit IRA) for rollovers to other eligible plans in chapter 1 of Publication 590. Free federal tax filing for 2011 Nonspouse beneficiary. Free federal tax filing for 2011   A nonspouse beneficiary may make a direct rollover of a distribution from a 403(b) plan of a deceased participant if the rollover is a direct transfer to an inherited IRA established to receive the distribution. Free federal tax filing for 2011 If the rollover is a direct trustee-to-trustee transfer to an IRA established to receive the distribution: The transfer will be treated as an eligible rollover distribution. Free federal tax filing for 2011 The IRA will be considered an inherited account. Free federal tax filing for 2011 The required minimum distribution rules that apply in instances where the participant dies before the entire interest is distributed will apply to the transferred IRA. Free federal tax filing for 2011    For more information on IRAs, see Publication 590. Free federal tax filing for 2011 Frozen deposits. Free federal tax filing for 2011   The 60-day period usually allowed for completing a rollover is extended for any time that the amount distributed is a frozen deposit in a financial institution. Free federal tax filing for 2011 The 60-day period cannot end earlier than 10 days after the deposit ceases to be a frozen deposit. Free federal tax filing for 2011   A frozen deposit is any deposit that on any day during the 60-day period cannot be withdrawn because: The financial institution is bankrupt or insolvent, or The state where the institution is located has placed limits on withdrawals because one or more banks in the state are (or are about to be) bankrupt or insolvent. Free federal tax filing for 2011 Gift Tax If, by choosing or not choosing an election, or option, you provide an annuity for your beneficiary at or after your death, you may have made a taxable gift equal to the value of the annuity. Free federal tax filing for 2011 Joint and survivor annuity. Free federal tax filing for 2011   If the gift is an interest in a joint and survivor annuity where only you and your spouse have the right to receive payments, the gift will generally be treated as qualifying for the unlimited marital deduction. Free federal tax filing for 2011 More information. Free federal tax filing for 2011   For information on the gift tax, see Publication 559, Survivors, Executors, and Administrators. Free federal tax filing for 2011 Prev  Up  Next   Home   More Online Publications