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Free Income Tax Filing 2012

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Free Income Tax Filing 2012

Free income tax filing 2012 Index A Additional Medicare Tax, Step 5. Free income tax filing 2012 , Line 18. Free income tax filing 2012 Address change, Change of address. Free income tax filing 2012 Adjustments to income Estimated tax, Adjustments to income. Free income tax filing 2012 Withholding allowances, Adjustments to income (worksheet line 4). Free income tax filing 2012 Worksheet instructions, Deductions and Adjustments Worksheet, Net deductions and adjustments (worksheet line 8). Free income tax filing 2012 AGI, AGI. Free income tax filing 2012 Expected AGI, Expected AGI—Line 1 Aliens Nonresident aliens, Aliens Amended returns, Form Received After Filing, Amended returns. Free income tax filing 2012 Annualized estimated tax worksheets, Worksheet 2-9. Free income tax filing 2012 2014 Annualized Estimated Tax Worksheet, Worksheet 2-9. Free income tax filing 2012 2014 Annualized Estimated Tax Worksheet(Continued) Annualized - Capital gains, Worksheet 2-12. Free income tax filing 2012 2014 Annualized Estimated Tax Worksheet—Line 12 Qualified Dividends and Capital Gain Tax Worksheet Annualized - Foreign Earned Income, Worksheet 2-13. Free income tax filing 2012 2014 Annualized Estimated Tax Worksheet—Line 12 Foreign Earned Income Tax Worksheet Annualized - Phaseout of itemized deductions, Worksheet 2-10. Free income tax filing 2012 2014 Annualized Estimated Tax Worksheet—Line 6 Phaseout of Itemized Deductions Annualized - Qualified dividends, Worksheet 2-12. Free income tax filing 2012 2014 Annualized Estimated Tax Worksheet—Line 12 Qualified Dividends and Capital Gain Tax Worksheet Annualized - Reduction of exemption amount, Worksheet 2-11. Free income tax filing 2012 2014 Annualized Estimated Tax Worksheet—Line 10 Reduction of Exemption Amount Annualized income installment method, Annualized Income Installment Method Capital gains worksheet, underpayment penalty, Worksheet 4-1. Free income tax filing 2012 2013 Form 2210, Schedule AI—Line 12 Qualified Dividends and Capital Gain Tax Worksheet Form 2210, Schedule AI, Annualized Income Installment Method (Schedule AI) Qualified dividends worksheet, underpayment penalty, Worksheet 4-1. Free income tax filing 2012 2013 Form 2210, Schedule AI—Line 12 Qualified Dividends and Capital Gain Tax Worksheet Underpayment penalty, (Schedule AI), Annualized Income Installment Method (Schedule AI) Annuities, Pensions and Annuities Assistance (see Tax help) B Backup withholding, Backup Withholding, Penalties. Free income tax filing 2012 Credit against income tax, Backup withholding. Free income tax filing 2012 C Capital gains and losses Annualized estimated tax, Tax on net capital gain. Free income tax filing 2012 Estimated tax on net capital gain, Tax on net capital gain. Free income tax filing 2012 Qualified dividends, Tax on qualified dividends and capital gains. Free income tax filing 2012 Casualty and theft losses, Itemized deductions (worksheet line 1). Free income tax filing 2012 Waiver of penalty, Waiver of Penalty Change of address, Change of address. Free income tax filing 2012 Change of name, Name changed. Free income tax filing 2012 Charitable contributions, Itemized deductions (worksheet line 1). Free income tax filing 2012 Child and dependent care credit Personal Allowances Worksheet (Form W-4), Child and dependent care credit (worksheet line F). Free income tax filing 2012 Child tax credit Personal Allowances Worksheet (Form W-4), Child tax credit (worksheet line G). Free income tax filing 2012 Claim of right, Itemized deductions (worksheet line 1). Free income tax filing 2012 Commodity credit corporation loans, Federal Payments Community property states, Community property states. Free income tax filing 2012 Compensation, Salaries and Wages Independent contractors, backup withholding, Backup Withholding Supplemental wages, Supplemental Wages Tips, Tips Wages and salaries, Salaries and Wages Crediting of overpayment, Credit an Overpayment Credits 2013 withholding and estimated taxes, Credit for Withholding and Estimated Tax for 2013 Deductions and Adjustments Worksheet (Form W-4), Tax credits (worksheet line 5). Free income tax filing 2012 Estimated tax against income tax, Estimated Tax Excess withholding on social security or railroad retirement taxes, Excess Social Security or Railroad Retirement Tax Withholding Expected taxes and credits, Expected Taxes and Credits— Lines 6–13c Withholding allowances, Tax credits (worksheet line 5). Free income tax filing 2012 Withholding tax, credit for, Withholding Criminal penalties Willfully false or fraudulent Form W-4, Penalties Crop insurance payments, Federal Payments Cumulative wage method of withholding, Cumulative Wage Method D Deductions Home mortgage interest, Itemized deductions (worksheet line 1). Free income tax filing 2012 Worksheet instructions, Deductions and Adjustments Worksheet Dependents Exemptions, Dependents. Free income tax filing 2012 Disabled persons Impairment-related work expenses, Itemized deductions (worksheet line 1). Free income tax filing 2012 Disaster Waiver of penalty, Waiver of Penalty Dividends Backup withholding, Backup Withholding Underreported, Underreported interest or dividends. Free income tax filing 2012 Divorced taxpayers Estimated tax credit, Divorced Taxpayers Form W-4, Single. Free income tax filing 2012 Domestic help, Household workers. Free income tax filing 2012 Definition, Household workers. Free income tax filing 2012 Withholding, Household workers. Free income tax filing 2012 E Earned income credit (EIC), What's New for 2014 Eligible rollover distributions, Eligible Rollover Distributions Employee business expenses Accountable plans, Accountable plan. Free income tax filing 2012 Nonaccountable plans, Nonaccountable plan. Free income tax filing 2012 Reimbursements, Expense allowances. Free income tax filing 2012 Employer Identification Numbers (EINs), Taxpayer identification number. Free income tax filing 2012 Employers Excess withholding on social security and railroad retirement taxes, Two or more employers. Free income tax filing 2012 , Employer's error. Free income tax filing 2012 Repaying withheld tax, Repaying withheld tax. Free income tax filing 2012 Tips, Tips Withholding rules, Rules Your Employer Must Follow Estate beneficiaries Underpayment penalty, Estate or trust payments of estimated tax. Free income tax filing 2012 Estate tax Income in respect of a decedent, Itemized deductions (worksheet line 1). Free income tax filing 2012 Estates Estimated tax, Estates and Trusts Estimated tax Adjustments to income, Adjustments to income. Free income tax filing 2012 Aliens, Aliens, Nonresident aliens. Free income tax filing 2012 Amended tax, Regular Installment Method Annualized income installment method, Annualized Income Installment Method Change in amount, Change in estimated tax. Free income tax filing 2012 Change of address, Change of address. Free income tax filing 2012 Change of name, Name changed. Free income tax filing 2012 Credit against income tax, Estimated Tax Crediting of overpayment, Credit an Overpayment Divorced taxpayers, Divorced Taxpayers Estates and trusts, Estates and Trusts Exemptions, Exemptions—line 4. Free income tax filing 2012 Expected AGI, Expected AGI—Line 1 Expected taxable income, Expected Taxable Income— Lines 2–5 Expected taxes and credits, Expected Taxes and Credits— Lines 6–13c Farmers and fishermen, Farmers and Fishermen, Farmers and fishermen. Free income tax filing 2012 , Farmers and Fishermen Fiscal year taxpayers, Fiscal year taxpayers. Free income tax filing 2012 Higher income individuals, Higher income taxpayers. Free income tax filing 2012 How to figure, How To Figure Estimated Tax, How To Figure Each Payment How to pay, How To Pay Estimated Tax Instructions for Worksheet 2-9, annualized estimated tax, Instructions for the 2014 Annualized Estimated Tax Worksheet (Worksheet 2-9) Itemized deductions, Itemized deductions—line 2. Free income tax filing 2012 Married taxpayers, Married Taxpayers Net capital gain, Tax on net capital gain. Free income tax filing 2012 , Tax on net capital gain. Free income tax filing 2012 No standard deduction, No standard deduction. Free income tax filing 2012 Nonresident aliens, Nonresident aliens. Free income tax filing 2012 Overpayment, Credit an Overpayment Payment vouchers, Pay by Check or Money Order Using the Estimated Tax Payment Voucher Payments not required, Estimated Tax Payments Not Required Regular installment method, Regular Installment Method Required annual payment, Required Annual Payment— Line 14c Self-employment income, Self-employment income. Free income tax filing 2012 Separate returns, Separate Returns Sick pay, Estimated tax. Free income tax filing 2012 Standard deduction, Standard deduction—line 2. Free income tax filing 2012 , Line 7. Free income tax filing 2012 Total estimated tax payments, Total Estimated Tax Payments Needed—Line 16a Types of taxes included, Introduction Underpayment penalty, Underpayment penalty. Free income tax filing 2012 , Underpayment Penalty for 2013 When to pay, When To Pay Estimated Tax When to start payments, When To Start Who does not have to pay, Who Does Not Have To Pay Estimated Tax Who must pay, Who Must Pay Estimated Tax Estimated tax worksheets, Worksheets for Chapter 2, Worksheet 2-1. Free income tax filing 2012 2014 Estimated Tax Worksheet, Worksheet 2-2. Free income tax filing 2012 2014 Estimated Tax Worksheet—Line 1 Estimated Taxable Social Security and Railroad Retirement Benefits 2014 annualized estimated tax worksheet, Worksheet 2-9. Free income tax filing 2012 2014 Annualized Estimated Tax Worksheet Capital gains, tax on, Tax on net capital gain. Free income tax filing 2012 Foreign earned income, Worksheet 2-8. Free income tax filing 2012 2014 Estimated Tax Worksheet—Line 6 Foreign Earned Income Tax Worksheet Form 1040-ES, Worksheet 2-1. Free income tax filing 2012 2014 Estimated Tax Worksheet Phaseout of itemized deductions, Worksheet 2-5. Free income tax filing 2012 2014 Estimated Tax Worksheet—Line 2 Phaseout of Itemized Deductions Railroad retirement benefits, Worksheet 2-2. Free income tax filing 2012 2014 Estimated Tax Worksheet—Line 1 Estimated Taxable Social Security and Railroad Retirement Benefits Reduction of exemption amount, Worksheet 2-6. Free income tax filing 2012 2014 Estimated Tax Worksheet—Line 4 Reduction of Exemption Amount Self-employment tax, Worksheet 2-3. Free income tax filing 2012 2014 Estimated Tax Worksheet—Lines 1 and 11 Estimated Self-Employment Tax and Deduction Worksheet Social security benefits, Worksheet 2-2. Free income tax filing 2012 2014 Estimated Tax Worksheet—Line 1 Estimated Taxable Social Security and Railroad Retirement Benefits Standard deduction, Worksheet 2-4. Free income tax filing 2012 2014 Estimated Tax Worksheet—Line 2 Standard Deduction Worksheet Excess social security or railroad retirement tax withholding, Excess Social Security or Railroad Retirement Tax Withholding, How to claim refund of excess tier 2 RRTA. Free income tax filing 2012 Nonrailroad employees worksheet, Worksheet for Nonrailroad Employees Railroad employees worksheets, Worksheets for Railroad Employees Exemption from withholding, Exemption From Withholding Claiming, Claiming exemption from withholding. Free income tax filing 2012 Good for only one year, An exemption is good for only 1 year. Free income tax filing 2012 Itemized deductions, Itemizing deductions or claiming exemptions or credits. Free income tax filing 2012 Students, Students. Free income tax filing 2012 Exemptions, Line 10. Free income tax filing 2012 Dependents, Dependents. Free income tax filing 2012 Expected taxable income, Exemptions—line 4. Free income tax filing 2012 Personal Allowances Worksheet, Exemptions (worksheet lines A, C, and D). Free income tax filing 2012 Self, Self. Free income tax filing 2012 Spouse, Spouse. Free income tax filing 2012 Withholding allowances, Withholding Allowances Expenses, Itemized deductions (worksheet line 1). Free income tax filing 2012 Allowances, Expense allowances. Free income tax filing 2012 F Farmers Estimated tax, Special Rules, Farmers and fishermen. Free income tax filing 2012 , Farmers and Fishermen Fiscal years, Fiscal year farmers and fishermen. Free income tax filing 2012 Gross income, Gross income from farming. Free income tax filing 2012 Joint returns, Joint returns. Free income tax filing 2012 Required annual payment, Farmers and fishermen. Free income tax filing 2012 Underpayment penalty, Farmers and fishermen. Free income tax filing 2012 , Farmers and Fishermen Waiver of underpayment penalty, Farmers and fishermen. Free income tax filing 2012 Withholding for farmworkers, Farmworkers. Free income tax filing 2012 Figures Tables and figures (see Tables and figures) Fiscal years Estimated tax, Fiscal year taxpayers. Free income tax filing 2012 Farmers and fishermen, Fiscal year farmers and fishermen. Free income tax filing 2012 Withholding tax credit, Fiscal Years (FY) Fishermen Estimated tax, Special Rules, Farmers and fishermen. Free income tax filing 2012 , Farmers and Fishermen Fiscal years, Fiscal year farmers and fishermen. Free income tax filing 2012 Gross income, Gross income from fishing. Free income tax filing 2012 Joint returns, Joint returns. Free income tax filing 2012 Required annual payment, Farmers and fishermen. Free income tax filing 2012 Underpayment penalty, Farmers and fishermen. Free income tax filing 2012 , Farmers and Fishermen Waiver of underpayment penalty, Farmers and fishermen. Free income tax filing 2012 Form 1040-ES, Introduction, How To Pay Estimated Tax Form 1040-ES (NR), Aliens Form 1040X, Form Received After Filing Form 1041-ES, Estates and Trusts Form 1099 series, Backup Withholding, The 1099 Series Form 2210, Form 2210. Free income tax filing 2012 , Figuring Your Required Annual Payment (Part I) Form 2210-F, Form 2210-F. Free income tax filing 2012 Form W-2, Form W-2 Form W-2c, Form Not Correct Form W-2G, Form W-2G. Free income tax filing 2012 , Form W-2G Form W-4 worksheets, Completing Form W-4 and Worksheets Completing of, Completing Form W-4 and Worksheets Deductions and adjustments worksheet, Deductions and Adjustments Worksheet IRS withholding calculator, IRS Withholding Calculator. Free income tax filing 2012 Number of allowances claimed, Only one job (worksheet line B). Free income tax filing 2012 Two-Earners/Multiple Jobs Worksheet, Two-Earners/Multiple Jobs Worksheet Withholding allowances, Completing Form W-4 and Worksheets, Form W-4 worksheets. Free income tax filing 2012 Form W-4, Employee's Allowance Withholding Certificate, Determining Amount of Tax Withheld Using Form W-4 Form W-4P, Periodic Payments Form W-4S, Form W-4S. Free income tax filing 2012 Form W-4V, Unemployment Compensation Form W-7, Taxpayer identification number. Free income tax filing 2012 Form W-9, Withholding rules. Free income tax filing 2012 Fraud Form W-4 statements, Penalties Free tax services, Free help with your tax return. Free income tax filing 2012 Fringe benefits, Taxable Fringe Benefits, More information. Free income tax filing 2012 G Gambling Form W-2G, Form W-2G Losses, Itemized deductions (worksheet line 1). Free income tax filing 2012 , Form W-2G Winnings, Form W-2G Gross income, Gross income. Free income tax filing 2012 Farming, Gross income from farming. Free income tax filing 2012 Fishing, Gross income from fishing. Free income tax filing 2012 H Head of household Personal Allowances Worksheet, Head of household filing status (worksheet line E). Free income tax filing 2012 Withholding allowance, Head of household filing status (worksheet line E). Free income tax filing 2012 Help (see Tax help) Higher income individuals Required annual payment, Higher income taxpayers. Free income tax filing 2012 Underpayment penalty, Higher income taxpayers. Free income tax filing 2012 Household workers, Household workers. Free income tax filing 2012 I Individual retirement arrangements (IRAs), Pensions and Annuities (see also Pensions) Interest income Backup withholding, Backup Withholding Underreported, Underreported interest or dividends. Free income tax filing 2012 IRS withholding calculator, IRS Withholding Calculator. Free income tax filing 2012 Itemized deductions Deductions and Adjustments Worksheet, Itemized deductions (worksheet line 1). Free income tax filing 2012 Estimated tax, expected taxable income, Itemized deductions—line 2. Free income tax filing 2012 Exemption from withholding, Itemizing deductions or claiming exemptions or credits. Free income tax filing 2012 Gambling losses, Itemized deductions (worksheet line 1). Free income tax filing 2012 , Form W-2G J Joint returns Excess withholding on social security and railroad retirement taxes, Joint returns. Free income tax filing 2012 Farmers and fishermen, Joint returns. Free income tax filing 2012 Underpayment penalty, 2012 separate returns and 2013 joint return. Free income tax filing 2012 M Marital status Form W-4 worksheet, Marital Status Withholding rate, Marital Status Married taxpayers, Joint returns. Free income tax filing 2012 (see also Joint returns) Estimated tax, Married Taxpayers Marital status, Married. Free income tax filing 2012 Withholding allowances, Married individuals. Free income tax filing 2012 Medical and dental expenses, Itemized deductions (worksheet line 1). Free income tax filing 2012 Military retirement pay, Military retirees. Free income tax filing 2012 , Periodic Payments Missing children, photographs of, Reminders Multiple jobs Excess social security and railroad retirement withholding, Excess Social Security or Railroad Retirement Tax Withholding Withholding allowances, Multiple jobs. Free income tax filing 2012 N Name change, Name changed. Free income tax filing 2012 Net investment income tax, Step 5. Free income tax filing 2012 , Line 18. Free income tax filing 2012 NIIT, Step 5. Free income tax filing 2012 , Line 18. Free income tax filing 2012 Noncitizens Estimated tax, Aliens Withholding, Single. Free income tax filing 2012 , Employees who are not citizens or residents. Free income tax filing 2012 Nonqualified deferred compensation, Periodic Payments Nonresident aliens Estimated tax, Aliens, Nonresident aliens. Free income tax filing 2012 Individual taxpayer identification numbers (ITINs), Taxpayer identification number. Free income tax filing 2012 O Overpayment Crediting to estimated tax, Credit an Overpayment P Part-year method of withholding, Part-Year Method Patronage dividends Backup withholding, Backup Withholding Payment vouchers, Pay by Check or Money Order Using the Estimated Tax Payment Voucher Penalties Backup withholding, Penalties. Free income tax filing 2012 Underpayment of estimated tax, Underpayment Penalty for 2013 Waiver of underpayment penalty, Waiver of Penalty Willfully false or fraudulent Form W-4, Penalties Withholding allowances, Penalties Pensions, Pensions and Annuities New job, Employee also receiving pension income. Free income tax filing 2012 Rollovers, Eligible Rollover Distributions Wages and salaries withholding rules compared, Withholding rules. Free income tax filing 2012 Personal Allowances Worksheet, Personal Allowances Worksheet, Total personal allowances (worksheet line H). Free income tax filing 2012 Publications (see Tax help) R Railroad retirement benefits Choosing to withhold, Federal Payments Railroad retirement tax Excess withholding, Excess Social Security or Railroad Retirement Tax Withholding, Worksheets for Railroad Employees Refund claims (tier 2), How to claim refund of excess tier 2 RRTA. Free income tax filing 2012 Regular installment method, estimated tax, Regular Installment Method Reimbursements, Expense allowances. Free income tax filing 2012 Excess, Accountable plan. Free income tax filing 2012 Reporting Fringe benefits, How your employer reports your benefits. Free income tax filing 2012 Gambling winnings, Information to give payer. Free income tax filing 2012 Tips to employer, Reporting tips to your employer. Free income tax filing 2012 Required annual payment, Required Annual Payment— Line 14c, Example. Free income tax filing 2012 Retirement plans Pension plans, Pensions and Annuities Pensions, Pensions and Annuities Rollovers, Eligible Rollover Distributions State or local deferred compensation plan payments, Periodic Payments Rollovers, Eligible Rollover Distributions Royalties Backup withholding, Backup Withholding S Salaries, Salaries and Wages Saturday, Sunday, holiday rule, Saturday, Sunday, holiday rule. Free income tax filing 2012 Self-employment tax, Self-employment income. Free income tax filing 2012 Separate returns Estimated tax credit, Separate Returns Underpayment penalty, 2012 joint return and 2013 separate returns. Free income tax filing 2012 Withholding tax credit, Separate Returns Sick pay, Sick Pay, Estimated tax. Free income tax filing 2012 Single marital status, Single. Free income tax filing 2012 Social security benefits Choosing to withhold, Federal Payments Social security taxes Excess withholding, Excess Social Security or Railroad Retirement Tax Withholding Taxpayer identification numbers (TINs), Taxpayer identification number. Free income tax filing 2012 Withholding obligation, Reminders Spouse, Marital Status (see also Married taxpayers) Exemption, Spouse. Free income tax filing 2012 Marital status, Marital Status Personal Allowances Worksheet, Spouse. Free income tax filing 2012 Standard deduction, Standard deduction—line 2. Free income tax filing 2012 , Line 7. Free income tax filing 2012 State and local income taxes and property taxes, Itemized deductions (worksheet line 1). Free income tax filing 2012 State or local deferred compensation plan payments, Periodic Payments Students, Students. Free income tax filing 2012 Supplemental wages, Supplemental Wages T Tables and figures Do you have to pay estimated tax? (Figure 2-A), Exemption from withholding on Form W-4 (Figure 1-A), Railroad retirement, maximum withholding (Table 3-2), Table 3-2. Free income tax filing 2012 Maximum Social Security and RRTA Withholding for 2013 Social security, maximum withholding (Table 3-2), Table 3-2. Free income tax filing 2012 Maximum Social Security and RRTA Withholding for 2013 Worksheets, where to find, Worksheets for Chapter 2 Tax help, How To Get Tax Help Tax Rate Schedules, 2014 Tax Rate Schedules Taxpayer identification numbers (TINs), Taxpayer identification number. Free income tax filing 2012 Tips, Tips, More information. Free income tax filing 2012 Total income, Total income. Free income tax filing 2012 Trust beneficiaries Underpayment penalty, Estate or trust payments of estimated tax. Free income tax filing 2012 TTY/TDD information, How To Get Tax Help Two-Earners/Multiple Jobs Worksheet, Two-Earners/Multiple Jobs Worksheet U Underpayment penalty, Underpayment Penalty for 2013, Worksheet for Form 2210, Part IV, Section B—Figuring the Penalty Actual withholding method, Actual withholding method. Free income tax filing 2012 Amended estimated tax, Underpayment penalty. Free income tax filing 2012 Amended returns, Amended returns. Free income tax filing 2012 Annualized income installment method, Annualized Income Installment Method (Schedule AI) Beneficiaries of estates and trusts, Estate or trust payments of estimated tax. Free income tax filing 2012 Capital gains (Worksheet 4-1), Worksheet 4-1. Free income tax filing 2012 2013 Form 2210, Schedule AI—Line 12 Qualified Dividends and Capital Gain Tax Worksheet Exceptions, Exceptions Farmers and fishermen, Farmers and fishermen. Free income tax filing 2012 , Farmers and Fishermen, Farmers and fishermen. Free income tax filing 2012 Figuring, IRS can figure the penalty for you. Free income tax filing 2012 , Short Method for Figuring the Penalty (Part III), Regular Method for Figuring the Penalty (Part IV) Higher income individuals, Higher income taxpayers. Free income tax filing 2012 Joint returns, 2012 separate returns and 2013 joint return. Free income tax filing 2012 Lowering or eliminating, Lowering or eliminating the penalty. Free income tax filing 2012 Minimum required each period, Minimum required each period. Free income tax filing 2012 No penalty, No penalty. Free income tax filing 2012 No tax liability last year exception, No Tax Liability Last Year Paid through withholding, Paid through withholding. Free income tax filing 2012 , Actual withholding method. Free income tax filing 2012 Penalty figured for each period, Penalty figured separately for each period. Free income tax filing 2012 Penalty thresholds, General Rule Qualified dividends (Worksheet 4-1), Worksheet 4-1. Free income tax filing 2012 2013 Form 2210, Schedule AI—Line 12 Qualified Dividends and Capital Gain Tax Worksheet Required annual payment, Figuring Your Required Annual Payment (Part I) Schedule AI, Annualized Income Installment Method (Schedule AI) Separate returns, 2012 joint return and 2013 separate returns. Free income tax filing 2012 Waiver, Waiver of Penalty When charged, When penalty is charged. Free income tax filing 2012 Unemployment compensation, Unemployment Compensation, Form 1099-G. Free income tax filing 2012 W Wages and salaries, Salaries and Wages Waiver of penalty, Waiver of Penalty Withholding Allowances, Withholding Allowances, Alternative method of figuring withholding allowances. Free income tax filing 2012 , Only one job (worksheet line B). Free income tax filing 2012 Personal Allowances Worksheet, Personal Allowances Worksheet Amended returns, Form Received After Filing Amount of tax withheld, Form W-4, Determining Amount of Tax Withheld Using Form W-4 Annuities, Pensions and Annuities Backup withholding, Backup Withholding Changing, Changing Your Withholding Checking amount of, Checking Your Withholding Choosing not to withhold, Choosing Not To Have Income Tax Withheld Community property states, Community property states. Free income tax filing 2012 Credit against income tax, Withholding Cumulative wage method, Cumulative Wage Method Deductions and adjustments worksheet, Deductions and Adjustments Worksheet Divorced taxpayers, Single. Free income tax filing 2012 Domestic help, Household workers. Free income tax filing 2012 Employers' rules, Rules Your Employer Must Follow Estimated tax, Withholding—line 15. Free income tax filing 2012 Excess social security and railroad retirement taxes, Excess Social Security or Railroad Retirement Tax Withholding Exemption from, Exemption From Withholding Farmworkers, Farmworkers. Free income tax filing 2012 Fiscal years, Fiscal Years (FY) Form received after filing, Form Received After Filing Form W-2, Form W-2 Form W-2c, Form Not Correct Form W-2G, Form W-2G. Free income tax filing 2012 , Form W-2G Form W-4, Determining Amount of Tax Withheld Using Form W-4 Fringe benefits, Taxable Fringe Benefits Gambling winnings, Gambling Winnings, Backup withholding on gambling winnings. Free income tax filing 2012 , Form W-2G Getting right amount of tax withheld, Getting the Right Amount of Tax Withheld, IRS Withholding Calculator. Free income tax filing 2012 Household workers, Household workers. Free income tax filing 2012 Marital status, Marital Status Married taxpayers, Married. Free income tax filing 2012 , Married individuals. Free income tax filing 2012 Multiple jobs, Multiple jobs. Free income tax filing 2012 Noncitizens, Single. Free income tax filing 2012 , Employees who are not citizens or residents. Free income tax filing 2012 Nonperiodic payments, Nonperiodic Payments Part-year method, Part-Year Method Penalties, Penalties Pensions, Pensions and Annuities Periodic payments, Periodic Payments Railroad retirement benefits, Federal Payments Repaying withheld tax, Repaying withheld tax. Free income tax filing 2012 Rollovers, Eligible Rollover Distributions Salaries and wages, Salaries and Wages Separate returns, Separate Returns Sick pay, Sick Pay Single taxpayers, Single. Free income tax filing 2012 Social security (FICA) tax, Reminders, Federal Payments Tips, Tips Types of income, Introduction, Salaries and Wages Underpayment penalty, Paid through withholding. Free income tax filing 2012 , Actual withholding method. Free income tax filing 2012 Unemployment compensation, Unemployment Compensation Worksheet for Form 2210, Part IV, Section B-Figure the Penalty Penalty Worksheet, Worksheet for Form 2210, Part IV, Section B—Figuring the Penalty Worksheets (blank) Annualized - Capital gains (Worksheet 2-12), Worksheet 2-12. Free income tax filing 2012 2014 Annualized Estimated Tax Worksheet—Line 12 Qualified Dividends and Capital Gain Tax Worksheet Annualized - Foreign Earned Income (Worksheet 2-13), Worksheet 2-13. Free income tax filing 2012 2014 Annualized Estimated Tax Worksheet—Line 12 Foreign Earned Income Tax Worksheet Annualized - Phaseout of itemized deductions (Worksheet 2-10), Worksheet 2-10. Free income tax filing 2012 2014 Annualized Estimated Tax Worksheet—Line 6 Phaseout of Itemized Deductions Annualized - Qualified dividends (Worksheet 2-12), Worksheet 2-12. Free income tax filing 2012 2014 Annualized Estimated Tax Worksheet—Line 12 Qualified Dividends and Capital Gain Tax Worksheet Annualized - Reduction of exemption amount (Worksheet 2-11), Worksheet 2-11. Free income tax filing 2012 2014 Annualized Estimated Tax Worksheet—Line 10 Reduction of Exemption Amount Annualized estimated tax (Worksheet 2-9), Worksheet 2-9. Free income tax filing 2012 2014 Annualized Estimated Tax Worksheet, Worksheet 2-9. Free income tax filing 2012 2014 Annualized Estimated Tax Worksheet(Continued) Capital gains tax worksheet Worksheet 4-1, Worksheet 4-1. Free income tax filing 2012 2013 Form 2210, Schedule AI—Line 12 Qualified Dividends and Capital Gain Tax Worksheet Dependents (age 65 or older or blind) exemption from withholding (Worksheet 1-4), Worksheet 1-4. Free income tax filing 2012 Exemption From Withholding for Dependents Age 65 or Older or Blind Estimated tax worksheets (Worksheet 2-1), Worksheet 2-1. Free income tax filing 2012 2014 Estimated Tax Worksheet Foreign earned income (Worksheet 2-8), Worksheet 2-8. Free income tax filing 2012 2014 Estimated Tax Worksheet—Line 6 Foreign Earned Income Tax Worksheet Phaseout of itemized deductions (Worksheet 2-5), Worksheet 2-5. Free income tax filing 2012 2014 Estimated Tax Worksheet—Line 2 Phaseout of Itemized Deductions Qualified dividends Worksheet 4-1, Worksheet 4-1. Free income tax filing 2012 2013 Form 2210, Schedule AI—Line 12 Qualified Dividends and Capital Gain Tax Worksheet Railroad retirement benefits (Worksheet 2-2), Worksheet 2-2. Free income tax filing 2012 2014 Estimated Tax Worksheet—Line 1 Estimated Taxable Social Security and Railroad Retirement Benefits Reduction of exemption amount (Worksheet 2-6), Worksheet 2-6. Free income tax filing 2012 2014 Estimated Tax Worksheet—Line 4 Reduction of Exemption Amount Self-employment tax and deduction (Worksheet 2-3), Worksheet 2-3. Free income tax filing 2012 2014 Estimated Tax Worksheet—Lines 1 and 11 Estimated Self-Employment Tax and Deduction Worksheet Social security benefits (Worksheet 2-2), Worksheet 2-2. Free income tax filing 2012 2014 Estimated Tax Worksheet—Line 1 Estimated Taxable Social Security and Railroad Retirement Benefits Standard deduction (Worksheet 2-4), Worksheet 2-4. Free income tax filing 2012 2014 Estimated Tax Worksheet—Line 2 Standard Deduction Worksheet Prev  Up     Home   More Online Publications
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The Free Income Tax Filing 2012

Free income tax filing 2012 Publication 970 - Additional Material Table of Contents AppendicesAppendix A. Free income tax filing 2012 Illustrated Example of Education Credits Glossary Appendices The following appendices are provided to help you claim the education benefits that will give you the lowest tax. Free income tax filing 2012 Appendix A—An illustrated example of education credits, including a filled-in Form 8863 showing how to claim both the American opportunity credit and lifetime learning credit for 2013. Free income tax filing 2012 Appendix B—A chart summarizing some of the major differences between the education tax benefits discussed in this publication. Free income tax filing 2012 It is intended only as a guide. Free income tax filing 2012 Look in this publication for more complete information. Free income tax filing 2012   Appendix A. Free income tax filing 2012 Illustrated Example of Education Credits Dave and Valerie Jones are married and on their 2013 joint tax return they claim exemptions for their two dependent children, Sean (age 21, social security number: 000-00-0001) and Carey (age 18, social security number: 000–00–0002). Free income tax filing 2012 Their modified adjusted gross income (MAGI) on Form 1040, line 38 is $110,000. Free income tax filing 2012 Because Dave and Valerie have unusually high itemized deductions, their taxable income is $10,000 and their tax before credits is $1,000. Free income tax filing 2012 Sean enrolled as a full-time graduate student in August 2013 at California State College. Free income tax filing 2012 He graduated with his bachelor's degree in 2012 and did not attend school from January 2013 through July 2013. Free income tax filing 2012 His parents claimed the Hope Scholarship Credit for Sean for 2008 and the American opportunity credit for Sean for 2010, 2011, and 2012. Free income tax filing 2012 Carey enrolled full time as a freshman at the same college in January 2013 to begin working on her bachelor's degree. Free income tax filing 2012 In 2013, Dave and Valerie paid $7,000 in tuition for Sean and $8,500 in tuition for Carey. Free income tax filing 2012 California State College issued two Forms 1098-T, one for Sean and one for Carey, and sent them to the Joneses' residence. Free income tax filing 2012 California State College reports amounts billed in 2013 instead of amounts paid during 2013. Free income tax filing 2012 In completing Form 8863, the Joneses use the amounts they paid. Free income tax filing 2012 Neither Sean nor Carey has been convicted of a felony for possession or distribution of a controlled substance before the end of 2013. Free income tax filing 2012 Dave and Valerie figure their education credits by completing Form 8863. Free income tax filing 2012 They begin Form 8863 on page 2 before completing Part I on page 1. Free income tax filing 2012 Because the Joneses have two eligible students, they will complete page 2 twice, once for their son, Sean, and once for their daughter, Carey. Free income tax filing 2012 The Joneses decide to complete Part III for Carey first, as shown later. Free income tax filing 2012 They carry over the amount of $2,500 entered on Part III, line 30, to Part I, line 1. Free income tax filing 2012 The Joneses complete a separate Part III for their son Sean. Free income tax filing 2012 They check the “Yes” box on line 23, determine that Sean is not eligible for the American opportunity credit, and go to line 31 as instructed. Free income tax filing 2012 They figure their line 31 adjusted qualified education expenses for Sean to be $7,000. Free income tax filing 2012 Once they have completed Part III for each student, they figure their credits. Free income tax filing 2012 The Joneses figure their refundable American opportunity credit of $1,000 by completing Form 8863, Part I, lines 1 through 8. Free income tax filing 2012 They enter the amount from line 8, $1,000, on line 66 of their Form 1040. Free income tax filing 2012 The Joneses enter $7,000 on Part II, line 10, of Form 8863 and figure their tentative lifetime learning credit for 2013 to be $1,400 (line 12). Free income tax filing 2012 They cannot claim the full amount because their MAGI of $110,000 is greater than $107,000. Free income tax filing 2012 They enter the reduced amount of $1,190 (figured on Part II, line 18) on the Credit Limit Worksheet, line 1. Free income tax filing 2012 The $1,190 is added to their nonrefundable American opportunity credit ($1,500 on line 2 of the Credit Limit Worksheet) for a total nonrefundable credit of $2,690. Free income tax filing 2012 The Joneses enter $1,000 on line 7 of the Credit Limit Worksheet, which is the smaller of their tax from line 46 of their Form 1040 (which is $1,000) or the $2,690 on line 3 of the Credit Limit Worksheet. Free income tax filing 2012 They enter $1,000 on line 19, Part II of Form 8863 and on line 49 of Form 1040. Free income tax filing 2012 This image is too large to be displayed in the current screen. Free income tax filing 2012 Please click the link to view the image. Free income tax filing 2012 Form 1098-T Adjusted Qualified Education Expenses Worksheet (Form 8863 instructions) 1. Free income tax filing 2012 Total qualified education expenses paid for or on behalf of the student in 2013 for the academic period 8,500 2. Free income tax filing 2012 Less adjustments:     a. Free income tax filing 2012 Tax-free educational assistance received in 2013 allocable to the academic period   0     b. Free income tax filing 2012 Tax-free educational assistance received in 2014 (and before you file your 2013 tax return) allocable to the academic period   0     c. Free income tax filing 2012 Refunds of qualified education expenses paid in 2013 if the refund is received in 2013 or in 2014 before you file your 2013 tax return   0   3. Free income tax filing 2012 Total adjustments (add lines 2a, 2b, and 2c) 0 4. Free income tax filing 2012 Adjusted qualified education expenses. Free income tax filing 2012 Subtract line 3 from line 1. Free income tax filing 2012 If zero or less, enter -0- 8,500 This image is too large to be displayed in the current screen. Free income tax filing 2012 Please click the link to view the image. Free income tax filing 2012 Form 1098-T Adjusted Qualified Education Expenses Worksheet (Form 8863 instructions) 1. Free income tax filing 2012 Total qualified education expenses paid for or on behalf of the student in 2013 for the academic period 7,000 2. Free income tax filing 2012 Less adjustments:     a. Free income tax filing 2012 Tax-free educational assistance received in 2013 allocable to the academic period   0     b. Free income tax filing 2012 Tax-free educational assistance received in 2014 (and before you file your 2013 tax return) allocable to the academic period   0     c. Free income tax filing 2012 Refunds of qualified education expenses paid in 2013 if the refund is received in 2013 or in 2014 before you file your 2013 tax return   0   3. Free income tax filing 2012 Total adjustments (add lines 2a, 2b, and 2c) 0 4. Free income tax filing 2012 Adjusted qualified education expenses. Free income tax filing 2012 Subtract line 3 from line 1. Free income tax filing 2012 If zero or less, enter -0- 7,000 Credit Limit Worksheet (Form 8863 instructions) Nonrefundable Credit Worksheet 1. Free income tax filing 2012 Enter the amount from Form 8863, line 18 1. Free income tax filing 2012 1,190 2. Free income tax filing 2012 Enter the amount from Form 8863, line 9 2. Free income tax filing 2012 1,500 3. Free income tax filing 2012 Add lines 1 and 2 3. Free income tax filing 2012 2,690 4. Free income tax filing 2012 Enter the amount from: Form 1040, line 46; or Form 1040A, line 28 4. Free income tax filing 2012 1,000 5. Free income tax filing 2012 Enter the amount from either: Form 1040, lines 47 and 48, and the amount from Schedule R included on Form 1040, line 53; or Form 1040A, lines 29 and 30 5. Free income tax filing 2012 0 6. Free income tax filing 2012 Subtract line 5 from line 4 6. Free income tax filing 2012 1,000 7. Free income tax filing 2012   Enter the smaller of line 3 or line 6 here and on Form 8863, line 19 7. Free income tax filing 2012 1,000 This image is too large to be displayed in the current screen. Free income tax filing 2012 Please click the link to view the image. Free income tax filing 2012 Form 8863 for Dave and Valerie Jones This image is too large to be displayed in the current screen. Free income tax filing 2012 Please click the link to view the image. Free income tax filing 2012 Carey Jones page 2 This image is too large to be displayed in the current screen. Free income tax filing 2012 Please click the link to view the image. Free income tax filing 2012 Filled-in Form 8863 Jones page 2 Appendix B. Free income tax filing 2012 Highlights of Education Tax Benefits for Tax Year 2013 This chart highlights some differences among the benefits discussed in this publication. Free income tax filing 2012 See the text for definitions and details. Free income tax filing 2012 Do not rely on this chart alone. Free income tax filing 2012    Caution:You generally cannot claim more than one benefit for the same education expense. Free income tax filing 2012   Scholarships,  Fellowships, Grants, and  Tuition  Reductions American Opportunity Credit Lifetime Learning Credit Student Loan Interest Deduction Tuition and Fees Deduction Coverdell ESA† Qualified Tuition Program (QTP)† Education Exception to Additional Tax on Early IRA Distributions† Education Savings Bond Program† Employer- Provided Educational Assistance† Business Deduction for Work-Related Education What is your  benefit? Amounts received may not be taxable   Credits can reduce the amount of tax you have to pay. Free income tax filing 2012    40% of the credit may be refundable (limited to $1,000 per student). Free income tax filing 2012 Credits can reduce amount of tax you must pay Can deduct interest paid Can deduct expenses Earnings not  taxed Earnings not taxed No 10%  additional tax on early distribution Interest not taxed Employer benefits not taxed Can deduct expenses What is the annual limit? None $2,500 credit per student $2,000 credit per tax return     $2,500 deduction $4,000 deduction $2,000 contribution per beneficiary None Amount of qualified  education expenses Amount of qualified  education expenses $5,250 exclusion Amount of qualifying work-related education expenses What expenses  qualify besides  tuition and required enrollment fees? Course-related expenses such as fees, books, supplies, and equipment Course-related books, supplies, and equipment Amounts paid for required books, etc. Free income tax filing 2012 , that must be paid to the educational institution, etc. Free income tax filing 2012 , are required fees Books Supplies Equipment  Room & board  Transportation  Other necessary expenses  None Books Supplies Equipment  Expenses for special needs services  Payments to QTP  Higher education: Room & board if  at least half-time  student  Elem/sec (K–12) education: Tutoring Room & board Uniforms Transportation Computer  access Supplementary expenses Books Supplies Equipment  Room & board if  at least half-time student  Expenses for special needs services Books Supplies Equipment  Room & board if  at least half-time student  Expenses for special needs services Payments to Coverdell ESA  Payments to QTP Books Supplies Equipment Transportation  Travel  Other necessary expenses   Scholarships,  Fellowships, Grants, and  Tuition  Reductions American Opportunity Credit Lifetime Learning Credit Student Loan Interest Deduction Tuition and Fees Deduction Coverdell ESA† Qualified Tuition Program (QTP)† Education Exception to Additional Tax on Early IRA Distributions† Education Savings Bond Program† Employer- Provided Educational Assistance† Business Deduction for Work-Related Education What education qualifies? Undergraduate & graduate  K–12 Undergraduate & graduate Undergraduate & graduate  Courses to acquire or improve job skills    Undergraduate & graduate Undergraduate & graduate Undergraduate & graduate  K–12 Undergraduate & graduate Undergraduate & graduate Undergraduate & graduate Undergraduate & graduate Required by employer or law to keep present job, salary, status  Maintain or improve job skills What are some of the other  conditions that  apply? Must be in degree or vocational program  Payment of tuition and required fees must be allowed under the grant Can be claimed for only 4 tax years (which includes years Hope Scholarship Credit claimed)  Must be enrolled at least half-time in degree program  No felony drug conviction(s)  Must not have completed first 4 years of postsecondary education before end of preceding tax year. Free income tax filing 2012   No other conditions Must have been at least half-time  student in degree program Cannot claim both deduction & education credit for same student in same year Assets must be distributed at age 30 unless special  needs beneficiary No other conditions No other conditions Applies only to qualified series  EE bonds issued after 1989 or series I bonds No other conditions Cannot be to  meet minimum educational requirements of present trade/business  Cannot qualify  you for new trade/business   In what income  range do benefits  phase out? No phaseout $80,000 – $90,000  $160,000 – $180,000 for joint returns $53,000 – $63,000  $107,000 – $127,000 for joint returns $60,000 – $75,000  $125,000 –  $155,000 for  joint returns  $60,000 – $80,000  $130,000 –  $160,000 for  joint returns  $95,000 – $110,000  $190,000 – $220,000 for  joint returns No phaseout No phaseout   No phaseout No phaseout † Any nontaxable distribution is limited to the amount that does not exceed qualified education expenses. Free income tax filing 2012 Glossary The education benefits included in this publication were enacted over many years, leading to a number of common terms being defined differently from one benefit to the next. Free income tax filing 2012 For example, an eligible educational institution means one thing when determining if earnings from a Coverdell education savings account are not taxable and something else when determining if a scholarship or fellowship is not taxable. Free income tax filing 2012 For each term listed below that has more than one definition, the definition for each education benefit is listed. Free income tax filing 2012 Academic period:   A semester, trimester, quarter, or other period of study (such as a summer school session) as reasonably determined by an educational institution. Free income tax filing 2012 If an educational institution uses credit hours or clock hours and does not have academic terms, each payment period can be treated as an academic period. Free income tax filing 2012 Adjusted qualified education expenses (AQEE):    Qualified education expenses (defined later) reduced by any tax-free educational assistance, such as a tax-free scholarship or employer-provided educational assistance. Free income tax filing 2012 They must also be reduced by any qualified education expenses deducted elsewhere on your return, used to determine an education credit or other benefit, or used to determine a tax-free distribution. Free income tax filing 2012 For information on a specific benefit, see the appropriate chapter in this publication. Free income tax filing 2012 Candidate for a degree:   A student who meets either of the following requirements. Free income tax filing 2012 Attends a primary or secondary school or pursues a degree at a college or university, or Attends an accredited educational institution that is authorized to provide: A program that is acceptable for full credit toward a bachelor's or higher degree, or A program of training to prepare students for gainful employment in a recognized occupation. Free income tax filing 2012 Designated beneficiary:   The individual named in the document creating the account/plan who is to receive the benefit of the funds in the account/plan. Free income tax filing 2012 Eligible educational institution:    American opportunity credit. Free income tax filing 2012 Any college, university, vocational school, or other postsecondary educational institution eligible to participate in a student aid program administered by the Department of Education. Free income tax filing 2012 It includes virtually all accredited public, nonprofit, and proprietary (privately owned profit-making) postsecondary institutions. Free income tax filing 2012 Coverdell education savings account (ESA). Free income tax filing 2012 Any college, university, vocational school, or other postsecondary educational institution eligible to participate in a student aid program administered by the Department of Education. Free income tax filing 2012 It includes virtually all accredited public, nonprofit, and proprietary (privately owned profit-making) postsecondary institutions. Free income tax filing 2012 Also included is any public, private, or religious school that provides elementary or secondary education (kindergarten through grade 12), as determined under state law. Free income tax filing 2012 Education savings bond program. Free income tax filing 2012 Same as American opportunity credit in this category. Free income tax filing 2012 IRA, early distributions from. Free income tax filing 2012 Same as American opportunity credit in this category. Free income tax filing 2012 Lifetime learning credit. Free income tax filing 2012 Same as American opportunity credit in this category. Free income tax filing 2012 Qualified tuition program (QTP). Free income tax filing 2012 Same as American opportunity credit in this category. Free income tax filing 2012 Scholarships and fellowships. Free income tax filing 2012 An institution that maintains a regular faculty and curriculum and normally has a regularly enrolled body of students in attendance at the place where it carries on its educational activities. Free income tax filing 2012 Student loan, cancellation of. Free income tax filing 2012 Same as Scholarships and fellowships in this category. Free income tax filing 2012 Student loan interest deduction. Free income tax filing 2012 Any college, university, vocational school, or other postsecondary educational institution eligible to participate in a student aid program administered by the Department of Education. Free income tax filing 2012 It includes virtually all accredited public, nonprofit, and proprietary (privately owned profit-making) postsecondary institutions. Free income tax filing 2012 Also included is an institution that conducts an internship or residency program leading to a degree or certificate from an institution of higher education, a hospital, or a health care facility that offers postgraduate training. Free income tax filing 2012 Tuition and fees deduction. Free income tax filing 2012 Same as American opportunity credit in this category. Free income tax filing 2012 Eligible student:    American opportunity credit. Free income tax filing 2012 A student who meets all of the following requirements for the tax year for which the credit is being determined. Free income tax filing 2012 Did not have expenses that were used to figure an American opportunity or Hope Scholarship Credit in any 4 earlier tax years. Free income tax filing 2012 Had not completed the first 4 years of postsecondary education (generally the freshman through senior years). Free income tax filing 2012 For at least one academic period beginning in the tax year, was enrolled at least half-time in a program leading to a degree, certificate, or other recognized educational credential at an eligible educational institution. Free income tax filing 2012 Was free of any federal or state felony conviction for possessing or distributing a controlled substance as of the end of the tax year. Free income tax filing 2012 Lifetime learning credit. Free income tax filing 2012 A student who is enrolled in one or more courses at an eligible educational institution. Free income tax filing 2012 Student loan interest deduction. Free income tax filing 2012 A student who was enrolled at least half-time in a program leading to a postsecondary degree, certificate, or other recognized educational credential at an eligible educational institution. Free income tax filing 2012 Tuition and fees deduction. Free income tax filing 2012 A student who is enrolled in one or more courses at an eligible educational institution. Free income tax filing 2012 Half-time student:   A student who is enrolled for at least half the full-time academic work load for the course of study the student is pursuing, as determined under the standards of the school where the student is enrolled. Free income tax filing 2012 Modified adjusted gross income (MAGI):    American opportunity credit. Free income tax filing 2012 Adjusted gross income (AGI) as figured on the federal income tax return, modified by adding back any: Foreign earned income exclusion, Foreign housing exclusion, Foreign housing deduction, Exclusion of income by bona fide residents of American Samoa, and Exclusion of income by bona fide residents of Puerto Rico. Free income tax filing 2012 Coverdell education savings account (ESA). Free income tax filing 2012 Same as American opportunity credit in this category. Free income tax filing 2012 Education savings bond program. Free income tax filing 2012 Adjusted gross income (AGI) as figured on the federal income tax return without taking into account any savings bond interest exclusion and modified by adding back any: Foreign earned income exclusion, Foreign housing exclusion, Foreign housing deduction, Exclusion of income by bona fide residents of American Samoa, Exclusion of income by bona fide residents of Puerto Rico, Exclusion for adoption benefits received under an employer's adoption assistance program, Deduction for student loan interest, Deduction for tuition and fees, and Deduction for domestic production activities. Free income tax filing 2012 Lifetime learning credit. Free income tax filing 2012 Same as American opportunity credit in this category. Free income tax filing 2012 Student loan interest deduction. Free income tax filing 2012 Adjusted gross income (AGI) as figured on the federal income tax return without taking into account any student loan interest deduction, tuition and fees deduction, or domestic production activities deduction, and modified by adding back any: Foreign earned income exclusion, Foreign housing exclusion, Foreign housing deduction, Exclusion of income by bona fide residents of American Samoa, and Exclusion of income by bona fide residents of Puerto Rico. Free income tax filing 2012 Tuition and fees deduction. Free income tax filing 2012 Adjusted gross income (AGI) as figured on the federal income tax return without taking into account any tuition and fees deduction, or domestic production activities deduction, and modified by adding back any: Foreign earned income exclusion, Foreign housing exclusion, Foreign housing deduction, Exclusion of income by bona fide residents of American Samoa, and Exclusion of income by bona fide residents of Puerto Rico. Free income tax filing 2012 Phaseout:   The amount of credit or deduction allowed is reduced when modified adjusted gross income (MAGI) is greater than a specified amount of income. Free income tax filing 2012 Qualified education expenses:   See pertinent chapter for specific items. Free income tax filing 2012    American opportunity credit. Free income tax filing 2012 Tuition and certain related expenses (including student activity fees) required for enrollment or attendance at an eligible educational institution. Free income tax filing 2012 Books, supplies, and equipment needed for a course of study are included even if not purchased from the educational institution. Free income tax filing 2012 Does not include expenses for room and board. Free income tax filing 2012 Does not include expenses for courses involving sports, games, or hobbies (including noncredit courses) that are not part of the student's postsecondary degree program. Free income tax filing 2012 Coverdell education savings account (ESA). Free income tax filing 2012 Expenses related to or required for enrollment or attendance of the designated beneficiary at an eligible elementary, secondary, or postsecondary school. Free income tax filing 2012 Many specialized expenses included for K–12. Free income tax filing 2012 Also includes expenses for special needs services and contribution to qualified tuition program (QTP). Free income tax filing 2012 Education savings bond program. Free income tax filing 2012 Tuition and fees required to enroll at or attend an eligible educational institution. Free income tax filing 2012 Also includes contributions to a qualified tuition program (QTP) or Coverdell education savings account (ESA). Free income tax filing 2012 Does not include expenses for room and board. Free income tax filing 2012 Does not include expenses for courses involving sports, games, or hobbies that are not part of a degree or certificate granting program. Free income tax filing 2012 IRA, early distributions from. Free income tax filing 2012 Tuition, fees, books, supplies, and equipment required for enrollment or attendance at an eligible educational institution, plus certain limited costs of room and board for students who are enrolled at least half-time. Free income tax filing 2012 Also includes expenses for special needs services incurred by or for special needs students in connection with their enrollment or attendance. Free income tax filing 2012 Lifetime learning credit. Free income tax filing 2012 Tuition and certain related expenses required for enrollment or attendance at an eligible educational institution. Free income tax filing 2012 Student-activity fees and expenses for course-related books, supplies, and equipment are included only if the fees and expenses must be paid to the institution as a condition of enrollment or attendance. Free income tax filing 2012 Does not include expenses for room and board. Free income tax filing 2012 Does not include expenses for courses involving sports, games, or hobbies (including noncredit courses) that are not part of the student's postsecondary degree program, unless taken by the student to acquire or improve job skills. Free income tax filing 2012 Qualified tuition program (QTP). Free income tax filing 2012 Tuition, fees, books, supplies, and equipment required for enrollment or attendance at an eligible educational institution, plus certain limited costs of room and board for students who are enrolled at least half-time. Free income tax filing 2012 Includes expenses for special needs services and computer access. Free income tax filing 2012 Scholarships and fellowships. Free income tax filing 2012 Expenses for tuition and fees required to enroll at or attend an eligible educational institution, and course-related expenses, such as fees, books, supplies, and equipment that are required for the courses at the eligible educational institution. Free income tax filing 2012 Course-related items must be required of all students in the course of instruction. Free income tax filing 2012 Student loan interest deduction. Free income tax filing 2012 Total costs of attending an eligible educational institution, including graduate school (however, limitations may apply to the cost of room and board allowed). Free income tax filing 2012 Tuition and fees deduction. Free income tax filing 2012 Tuition and certain related expenses required for enrollment or attendance at an eligible educational institution. Free income tax filing 2012 Student-activity fees and expenses for course-related books, supplies, and equipment are included only if the fees and expenses must be paid to the institution as a condition of enrollment or attendance. Free income tax filing 2012 Recapture:   To include as income on your current year's return an amount allowed as a deduction in a prior year. Free income tax filing 2012 To include as tax on your current year's return an amount allowed as a credit in a prior year. Free income tax filing 2012 Rollover:   A tax-free distribution to you of cash or other assets from a tax-favored plan that you contribute to another tax-favored plan. Free income tax filing 2012 Transfer:   A movement of funds in a tax-favored plan from one trustee directly to another, either at your request or at the trustee's request. Free income tax filing 2012 Prev  Up  Next   Home   More Online Publications