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

1. Get Answers

Your online questions are customized to your unique tax situation.

2. Maximize your Refund

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

3. E-File for FREE

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

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

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

How Do I Amend My 2012 Federal Tax Return

2013 Colo State Tax FormsFree Tax Usa 2010Filing Amended Tax ReturnHow Can I Amend My 2012 Tax ReturnTaxslayer WebsiteOnline Tax ExtensionAmended Irs Tax FormsWhere To Report State Income Tax On 1040How To File An Amended Tax Return For 2012Can I Efile My 2012 Taxes NowFree Online Tax Filing For 2011Free Tax ReturnH&rblockE File 2010 Taxes For Free2010 1040ez Tax FormCan I Still File 2011 Taxes OnlineFiling 2011 Taxes LateDo Active Military Pay TaxesFree Federal And State Tax Filing OnlineE File Tax ReturnsH R Block Free FileFiling Amended Tax Return 2013Can I Efile An Amended Tax ReturnHnrblock Free Tax FormHow To File An Amended ReturnWww Irs Gov 2011freeefileFile 2012 Taxes Free2012 Amended ReturnWww Irs Gov EfileHrblock 2010 Tax CalculatorIrs 1040x InstructionsFree State TaxWww H&r Block2010 1040 Tax FormFreetaxusa2011 TaxesIrs 2012 Tax Forms 1040Files Taxes Online1040ez Tax Forms Downloads2012 Tax Form 1040ezEtax

How Do I Amend My 2012 Federal Tax Return

How do i amend my 2012 federal tax return 2. How do i amend my 2012 federal tax return   Taxable and Nontaxable Income Table of Contents Compensation for Services Retirement Plan DistributionsIndividual Retirement Arrangements (IRAs) Pensions and Annuities Social Security and Equivalent Railroad Retirement BenefitsAre Any of Your Benefits Taxable? How Much Is Taxable? How To Report Your Benefits Lump-Sum Election Repayments More Than Gross Benefits Sickness and Injury BenefitsDisability Pensions Long-Term Care Insurance Contracts Workers' Compensation Other Sickness and Injury Benefits Life Insurance ProceedsInstallments for life. How do i amend my 2012 federal tax return Surviving spouse. How do i amend my 2012 federal tax return Endowment Contract Proceeds Accelerated Death Benefits Sale of HomeMaximum Amount of Exclusion Ownership and Use Tests Married Persons Business Use or Rental of Home Reporting the Sale Reverse Mortgages Other ItemsWelfare benefits. How do i amend my 2012 federal tax return Payments from a state fund for victims of crime. How do i amend my 2012 federal tax return Home Affordable Modification Program (HAMP). How do i amend my 2012 federal tax return Mortgage assistance payments. How do i amend my 2012 federal tax return Payments to reduce cost of winter energy use. How do i amend my 2012 federal tax return Nutrition Program for the Elderly. How do i amend my 2012 federal tax return Reemployment Trade Adjustment Assistance (RTAA). How do i amend my 2012 federal tax return Generally, income is taxable unless it is specifically exempt (not taxed) by law. How do i amend my 2012 federal tax return Your taxable income may include compensation for services, interest, dividends, rents, royalties, income from partnerships, estate or trust income, gain from sales or exchanges of property, and business income of all kinds. How do i amend my 2012 federal tax return Under special provisions of the law, certain items are partially or fully exempt from tax. How do i amend my 2012 federal tax return Provisions that are of special interest to older taxpayers are discussed in this chapter. How do i amend my 2012 federal tax return Compensation for Services Generally, you must include in gross income everything you receive in payment for personal services. How do i amend my 2012 federal tax return In addition to wages, salaries, commissions, fees, and tips, this includes other forms of compensation such as fringe benefits and stock options. How do i amend my 2012 federal tax return You need not receive the compensation in cash for it to be taxable. How do i amend my 2012 federal tax return Payments you receive in the form of goods or services generally must be included in gross income at their fair market value. How do i amend my 2012 federal tax return Volunteer work. How do i amend my 2012 federal tax return   Do not include in your gross income amounts you receive for supportive services or reimbursements for out-of-pocket expenses under any of the following volunteer programs. How do i amend my 2012 federal tax return Retired Senior Volunteer Program (RSVP). How do i amend my 2012 federal tax return Foster Grandparent Program. How do i amend my 2012 federal tax return Senior Companion Program. How do i amend my 2012 federal tax return Service Corps of Retired Executives (SCORE). How do i amend my 2012 federal tax return Unemployment compensation. How do i amend my 2012 federal tax return   You must include in income all unemployment compensation you or your spouse (if married filing jointly) received. How do i amend my 2012 federal tax return More information. How do i amend my 2012 federal tax return   See Publication 525, Taxable and Nontaxable Income, for more detailed information on specific types of income. How do i amend my 2012 federal tax return Retirement Plan Distributions This section summarizes the tax treatment of amounts you receive from traditional individual retirement arrangements (IRA), employee pensions or annuities, and disability pensions or annuities. How do i amend my 2012 federal tax return A traditional IRA is any IRA that is not a Roth or SIMPLE IRA. How do i amend my 2012 federal tax return A Roth IRA is an individual retirement plan that can be either an account or an annuity and features nondeductible contributions and tax-free distributions. How do i amend my 2012 federal tax return A SIMPLE IRA is a tax-favored retirement plan that certain small employers (including self-employed individuals) can set up for the benefit of their employees. How do i amend my 2012 federal tax return More detailed information can be found in Publication 590, Individual Retirement Arrangements (IRAs), and Publication 575, Pension and Annuity Income. How do i amend my 2012 federal tax return Individual Retirement Arrangements (IRAs) In general, distributions from a traditional IRA are taxable in the year you receive them. How do i amend my 2012 federal tax return Exceptions to the general rule are rollovers, tax-free withdrawals of contributions, and the return of nondeductible contributions. How do i amend my 2012 federal tax return These are discussed in Publication 590. How do i amend my 2012 federal tax return If you made nondeductible contributions to a traditional IRA, you must file Form 8606, Nondeductible IRAs. How do i amend my 2012 federal tax return If you do not file Form 8606 with your return, you may have to pay a $50 penalty. How do i amend my 2012 federal tax return Also, when you receive distributions from your traditional IRA, the amounts will be taxed unless you can show, with satisfactory evidence, that nondeductible contributions were made. How do i amend my 2012 federal tax return Early distributions. How do i amend my 2012 federal tax return   Generally, early distributions are amounts distributed from your traditional IRA account or annuity before you are age 59½, or amounts you receive when you cash in retirement bonds before you are age  59½. How do i amend my 2012 federal tax return You must include early distributions of taxable amounts in your gross income. How do i amend my 2012 federal tax return These taxable amounts are also subject to an additional 10% tax unless the distribution qualifies for an exception. How do i amend my 2012 federal tax return For purposes of the additional 10% tax, an IRA is a qualified retirement plan. How do i amend my 2012 federal tax return For more information about this tax, see Tax on Early Distributions under Pensions and Annuities, later. How do i amend my 2012 federal tax return After age 59½ and before age 70½. How do i amend my 2012 federal tax return   After you reach age 59½, you can receive distributions from your traditional IRA without having to pay the 10% additional tax. How do i amend my 2012 federal tax return Even though you can receive distributions after you reach age 59½, distributions are not required until you reach  age 70½. How do i amend my 2012 federal tax return Required distributions. How do i amend my 2012 federal tax return   If you are the owner of a traditional IRA, you generally must receive the entire balance in your IRA or start receiving periodic distributions from your IRA by April 1 of the year following the year in which you reach age 70½. How do i amend my 2012 federal tax return See When Must You Withdraw Assets? (Required Minimum Distributions) in Publication 590. How do i amend my 2012 federal tax return If distributions from your traditional IRA(s) are less than the required minimum distribution for the year, you may have to pay a 50% excise tax for that year on the amount not distributed as required. How do i amend my 2012 federal tax return For purposes of the 50% excise tax, an IRA is a qualified retirement plan. How do i amend my 2012 federal tax return For more information about this tax, see Tax on Excess Accumulation under Pensions and Annuities, later. How do i amend my 2012 federal tax return See also Excess Accumulations (Insufficient Distributions) in Publication 590. How do i amend my 2012 federal tax return Pensions and Annuities Generally, if you did not pay any part of the cost of your employee pension or annuity, and your employer did not withhold part of the cost of the contract from your pay while you worked, the amounts you receive each year are fully taxable. How do i amend my 2012 federal tax return However, see Insurance Premiums for Retired Public Safety Officers , later. How do i amend my 2012 federal tax return If you paid part of the cost of your pension or annuity plan (see Cost , later), you can exclude part of each annuity payment from income as a recovery of your cost (investment in the contract). How do i amend my 2012 federal tax return This tax-free part of the payment is figured when your annuity starts and remains the same each year, even if the amount of the payment changes. How do i amend my 2012 federal tax return The rest of each payment is taxable. How do i amend my 2012 federal tax return However, see Insurance Premiums for Retired Public Safety Officers , later. How do i amend my 2012 federal tax return You figure the tax-free part of the payment using one of the following methods. How do i amend my 2012 federal tax return Simplified Method. How do i amend my 2012 federal tax return You generally must use this method if your annuity is paid under a qualified plan (a qualified employee plan, a qualified employee annuity, or a tax-sheltered annuity plan or contract). How do i amend my 2012 federal tax return You cannot use this method if your annuity is paid under a nonqualified plan. How do i amend my 2012 federal tax return General Rule. How do i amend my 2012 federal tax return You must use this method if your annuity is paid under a nonqualified plan. How do i amend my 2012 federal tax return You generally cannot use this method if your annuity is paid under a qualified plan. How do i amend my 2012 federal tax return Contact your employer or plan administrator to find out if your pension or annuity is paid under a qualified or nonqualified plan. How do i amend my 2012 federal tax return You determine which method to use when you first begin receiving your annuity, and you continue using it each year that you recover part of your cost. How do i amend my 2012 federal tax return Exclusion limit. How do i amend my 2012 federal tax return   If your annuity starting date is after 1986, the total amount of annuity income you can exclude over the years as a recovery of the cost cannot exceed your total cost. How do i amend my 2012 federal tax return Any unrecovered cost at your (or the last annuitant's) death is allowed as a miscellaneous itemized deduction on the final return of the decedent. How do i amend my 2012 federal tax return This deduction is not subject to the 2%-of-adjusted-gross-income limit on miscellaneous deductions. How do i amend my 2012 federal tax return   If you contributed to your pension or annuity and your annuity starting date is before 1987, you can continue to take your monthly exclusion for as long as you receive your annuity. How do i amend my 2012 federal tax return If you chose a joint and survivor annuity, your survivor can continue to take the survivor's exclusion figured as of the annuity starting date. How do i amend my 2012 federal tax return The total exclusion may be more than your cost. How do i amend my 2012 federal tax return Cost. How do i amend my 2012 federal tax return   Before you can figure how much, if any, of your pension or annuity benefits are taxable, you must determine your cost in the plan (your investment in the contract). How do i amend my 2012 federal tax return Your total cost in the plan includes everything that you paid. How do i amend my 2012 federal tax return It also includes amounts your employer contributed that were taxable to you when paid. How do i amend my 2012 federal tax return However, see Foreign employment contributions , later. How do i amend my 2012 federal tax return   From this total cost, subtract any refunded premiums, rebates, dividends, unrepaid loans, or other tax-free amounts you received by the later of the annuity starting date or the date on which you received your first payment. How do i amend my 2012 federal tax return   The annuity starting date is the later of the first day of the first period for which you received a payment from the plan or the date on which the plan's obligations became fixed. How do i amend my 2012 federal tax return    The amount of your contributions to the plan may be shown in box 9b of any Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. How do i amend my 2012 federal tax return , that you receive. How do i amend my 2012 federal tax return Foreign employment contributions. How do i amend my 2012 federal tax return   If you worked abroad, certain amounts your employer paid into your retirement plan that were not includible in your gross income may be considered part of your cost. How do i amend my 2012 federal tax return For details, see Foreign employment contributions in Publication 575. How do i amend my 2012 federal tax return Withholding. How do i amend my 2012 federal tax return   The payer of your pension, profit-sharing, stock bonus, annuity, or deferred compensation plan will withhold income tax on the taxable part of amounts paid to you. How do i amend my 2012 federal tax return However, you can choose not to have tax withheld on the payments you receive, unless they are eligible rollover distributions. How do i amend my 2012 federal tax return (These are distributions that are eligible for rollover treatment but are not paid directly to another qualified retirement plan or to a traditional IRA. How do i amend my 2012 federal tax return ) See Withholding Tax and Estimated Tax and Rollovers in Publication 575 for more information. How do i amend my 2012 federal tax return   For payments other than eligible rollover distributions, you can tell the payer how much to withhold by filing a Form W-4P, Withholding Certificate for Pension or Annuity Payments. How do i amend my 2012 federal tax return Simplified Method. How do i amend my 2012 federal tax return   Under the Simplified Method, you figure the tax-free part of each annuity payment by dividing your cost by the total number of anticipated monthly payments. How do i amend my 2012 federal tax return For an annuity that is payable over the lives of the annuitants, this number is based on the annuitants' ages on the annuity starting date and is determined from a table. How do i amend my 2012 federal tax return For any other annuity, this number is the number of monthly annuity payments under the contract. How do i amend my 2012 federal tax return Who must use the Simplified Method. How do i amend my 2012 federal tax return   You must use the Simplified Method if your annuity starting date is after November 18, 1996, and you receive your pension or annuity payments from a qualified plan or annuity, unless you were at least 75 years old and entitled to at least 5 years of guaranteed payments (defined next). How do i amend my 2012 federal tax return   In addition, if your annuity starting date is after July 1, 1986, and before November 19, 1996, you could have chosen to use the Simplified Method for payments from a qualified plan, unless you were at least 75 years old and entitled to at least 5 years of guaranteed payments. How do i amend my 2012 federal tax return If you chose to use the Simplified Method, you must continue to use it each year that you recover part of your cost. How do i amend my 2012 federal tax return Guaranteed payments. How do i amend my 2012 federal tax return   Your annuity contract provides guaranteed payments if a minimum number of payments or a minimum amount (for example, the amount of your investment) is payable even if you and any survivor annuitant do not live to receive the minimum. How do i amend my 2012 federal tax return If the minimum amount is less than the total amount of the payments you are to receive, barring death, during the first 5 years after payments begin (figured by ignoring any payment increases), you are entitled to less than 5 years of guaranteed payments. How do i amend my 2012 federal tax return Who cannot use the Simplified Method. How do i amend my 2012 federal tax return   You cannot use the Simplified Method and must use the General Rule if you receive pension or annuity payments from: A nonqualified plan, such as a private annuity, a purchased commercial annuity, or a nonqualified employee plan, or A qualified plan if you are age 75 or older on your annuity starting date and you are entitled to at least 5 years of guaranteed payments (defined above). How do i amend my 2012 federal tax return   In addition, you had to use the General Rule for either circumstance described above if your annuity starting date is after July 1, 1986, and before November 19, 1996. How do i amend my 2012 federal tax return If you did not have to use the General Rule, you could have chosen to use it. How do i amend my 2012 federal tax return You also had to use the General Rule for payments from a qualified plan if your annuity starting date is before July 2, 1986, and you did not qualify to use the Three-Year Rule. How do i amend my 2012 federal tax return   If you had to use the General Rule (or chose to use it), you must continue to use it each year that you recover your cost. How do i amend my 2012 federal tax return   Unless your annuity starting date was before 1987, once you have recovered all of your non-taxable investment, all of each remaining payment you receive is fully taxable. How do i amend my 2012 federal tax return Once your remaining payments are fully taxable, there is no longer a concern with the General Rule or Simplified Method. How do i amend my 2012 federal tax return   Complete information on the General Rule, including the actuarial tables you need, is contained in Publication 939, General Rule for Pensions and Annuities. How do i amend my 2012 federal tax return How to use the Simplified Method. How do i amend my 2012 federal tax return   Complete the Simplified Method Worksheet in the Form 1040, Form 1040A, or Form 1040NR instructions or in Publication 575 to figure your taxable annuity for 2013. How do i amend my 2012 federal tax return Be sure to keep the completed worksheet; it will help you figure your taxable annuity next year. How do i amend my 2012 federal tax return   To complete line 3 of the worksheet, you must determine the total number of expected monthly payments for your annuity. How do i amend my 2012 federal tax return How you do this depends on whether the annuity is for a single life, multiple lives, or a fixed period. How do i amend my 2012 federal tax return For this purpose, treat an annuity that is payable over the life of an annuitant as payable for that annuitant's life even if the annuity has a fixed-period feature or also provides a temporary annuity payable to the annuitant's child under age 25. How do i amend my 2012 federal tax return    You do not need to complete line 3 of the worksheet or make the computation on line 4 if you received annuity payments last year and used last year's worksheet to figure your taxable annuity. How do i amend my 2012 federal tax return Instead, enter the amount from line 4 of last year's worksheet on line 4 of this year's worksheet. How do i amend my 2012 federal tax return Single-life annuity. How do i amend my 2012 federal tax return   If your annuity is payable for your life alone, use Table 1 at the bottom of the worksheet to determine the total number of expected monthly payments. How do i amend my 2012 federal tax return Enter on line 3 the number shown for your age on your annuity starting date. How do i amend my 2012 federal tax return This number will differ depending on whether your annuity starting date is before November 19, 1996, or after November 18, 1996. How do i amend my 2012 federal tax return Multiple-lives annuity. How do i amend my 2012 federal tax return   If your annuity is payable for the lives of more than one annuitant, use Table 2 at the bottom of the worksheet to determine the total number of expected monthly payments. How do i amend my 2012 federal tax return Enter on line 3 the number shown for the annuitants' combined ages on the annuity starting date. How do i amend my 2012 federal tax return For an annuity payable to you as the primary annuitant and to more than one survivor annuitant, combine your age and the age of the youngest survivor annuitant. How do i amend my 2012 federal tax return For an annuity that has no primary annuitant and is payable to you and others as survivor annuitants, combine the ages of the oldest and youngest annuitants. How do i amend my 2012 federal tax return Do not treat as a survivor annuitant anyone whose entitlement to payments depends on an event other than the primary annuitant's death. How do i amend my 2012 federal tax return   However, if your annuity starting date is before 1998, do not use Table 2 and do not combine the annuitants' ages. How do i amend my 2012 federal tax return Instead, you must use Table 1 at the bottom of the worksheet and enter on line 3 the number shown for the primary annuitant's age on the annuity starting date. How do i amend my 2012 federal tax return This number will differ depending on whether your annuity starting date is before November 19, 1996, or after November 18, 1996. How do i amend my 2012 federal tax return Fixed-period annuities. How do i amend my 2012 federal tax return   If your annuity does not depend in whole or in part on anyone's life expectancy, the total number of expected monthly payments to enter on line 3 of the worksheet is the number of monthly annuity payments under the contract. How do i amend my 2012 federal tax return Line 6. How do i amend my 2012 federal tax return   The amount on line 6 should include all amounts that could have been recovered in prior years. How do i amend my 2012 federal tax return If you did not recover an amount in a prior year, you may be able to amend your returns for the affected years. How do i amend my 2012 federal tax return    Be sure to keep a copy of the completed worksheet; it will help you figure your taxable annuity in later years. How do i amend my 2012 federal tax return Example. How do i amend my 2012 federal tax return Bill Smith, age 65, began receiving retirement benefits in 2013, under a joint and survivor annuity. How do i amend my 2012 federal tax return Bill's annuity starting date is January 1, 2013. How do i amend my 2012 federal tax return The benefits are to be paid over the joint lives of Bill and his wife, Kathy, age 65. How do i amend my 2012 federal tax return Bill had contributed $31,000 to a qualified plan and had received no distributions before the annuity starting date. How do i amend my 2012 federal tax return Bill is to receive a retirement benefit of $1,200 a month, and Kathy is to receive a monthly survivor benefit of $600 upon Bill's death. How do i amend my 2012 federal tax return Bill must use the Simplified Method to figure his taxable annuity because his payments are from a qualified plan and he is under age 75. How do i amend my 2012 federal tax return See the illustrated Worksheet 2-A, Simplified Method Worksheet, later. How do i amend my 2012 federal tax return You can find a blank version of this worksheet in Publication 575. How do i amend my 2012 federal tax return (The references in the illustrated worksheet are to sections in Publication 575). How do i amend my 2012 federal tax return His annuity is payable over the lives of more than one annuitant, so Bill uses his and Kathy's combined ages, 130 (65 + 65), and Table 2 at the bottom of the worksheet in completing line 3 of the worksheet and finds the line 3 amount to be 310. How do i amend my 2012 federal tax return Bill's tax-free monthly amount is $100 ($31,000 ÷ 310 as shown on line 4 of the worksheet). How do i amend my 2012 federal tax return Upon Bill's death, if Bill has not recovered the full $31,000 investment, Kathy will also exclude $100 from her $600 monthly payment. How do i amend my 2012 federal tax return The full amount of any annuity payments received after 310 payments are paid must generally be included in gross income. How do i amend my 2012 federal tax return If Bill and Kathy die before 310 payments are made, a miscellaneous itemized deduction will be allowed for the unrecovered cost on the final income tax return of the last to die. How do i amend my 2012 federal tax return This deduction is not subject to the 2%-of-adjusted-gross-income limit. How do i amend my 2012 federal tax return Worksheet 2-A. How do i amend my 2012 federal tax return Simplified Method Worksheet—Illustrated 1. How do i amend my 2012 federal tax return Enter the total pension or annuity payments received this year. How do i amend my 2012 federal tax return Also, add this amount to the total for Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a 1. How do i amend my 2012 federal tax return $ 14,400 2. How do i amend my 2012 federal tax return Enter your cost in the plan (contract) at the annuity starting date plus any death benefit exclusion* See Cost (Investment in the Contract), earlier 2. How do i amend my 2012 federal tax return 31,000   Note. How do i amend my 2012 federal tax return If your annuity starting date was before this year and you completed this worksheet last year, skip line 3 and enter the amount from line 4 of last year's worksheet on line 4 below (even if the amount of your pension or annuity has changed). How do i amend my 2012 federal tax return Otherwise, go to line 3. How do i amend my 2012 federal tax return     3. How do i amend my 2012 federal tax return Enter the appropriate number from Table 1 below. How do i amend my 2012 federal tax return But if your annuity starting date was after 1997 and the payments are for your life and that of your beneficiary, enter the appropriate number from Table 2 below 3. How do i amend my 2012 federal tax return 310 4. How do i amend my 2012 federal tax return Divide line 2 by the number on line 3 4. How do i amend my 2012 federal tax return 100 5. How do i amend my 2012 federal tax return Multiply line 4 by the number of months for which this year's payments were made. How do i amend my 2012 federal tax return If your annuity starting date was before 1987, enter this amount on line 8 below and skip lines 6, 7, 10, and 11. How do i amend my 2012 federal tax return Otherwise, go to line 6 5. How do i amend my 2012 federal tax return 1,200 6. How do i amend my 2012 federal tax return Enter any amount previously recovered tax free in years after 1986. How do i amend my 2012 federal tax return This is the amount shown on line 10 of your worksheet for last year 6. How do i amend my 2012 federal tax return 0 7. How do i amend my 2012 federal tax return Subtract line 6 from line 2 7. How do i amend my 2012 federal tax return 31,000 8. How do i amend my 2012 federal tax return Enter the smaller of line 5 or line 7 8. How do i amend my 2012 federal tax return 1,200 9. How do i amend my 2012 federal tax return Taxable amount for year. How do i amend my 2012 federal tax return Subtract line 8 from line 1. How do i amend my 2012 federal tax return Enter the result, but not less than zero. How do i amend my 2012 federal tax return Also, add this amount to the total for Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b. How do i amend my 2012 federal tax return Note. How do i amend my 2012 federal tax return If your Form 1099-R shows a larger taxable amount, use the amount figured on this line instead. How do i amend my 2012 federal tax return If you are a retired public safety officer, see Insurance Premiums for Retired Public Safety Officers, earlier, before entering an amount on your tax return. How do i amend my 2012 federal tax return 9. How do i amend my 2012 federal tax return $ 13,200 10. How do i amend my 2012 federal tax return Was your annuity starting date before 1987? □ Yes. How do i amend my 2012 federal tax return STOP. How do i amend my 2012 federal tax return Do not complete the rest of this worksheet. How do i amend my 2012 federal tax return  ☑ No. How do i amend my 2012 federal tax return Add lines 6 and 8. How do i amend my 2012 federal tax return This is the amount you have recovered tax free through 2013. How do i amend my 2012 federal tax return You will need this number if you need to fill out this worksheet next year. How do i amend my 2012 federal tax return 10. How do i amend my 2012 federal tax return 1,200 11. How do i amend my 2012 federal tax return Balance of cost to be recovered. How do i amend my 2012 federal tax return Subtract line 10 from line 2. How do i amend my 2012 federal tax return If zero, you will not have to complete this worksheet next year. How do i amend my 2012 federal tax return The payments you receive next year will generally be fully taxable 11. How do i amend my 2012 federal tax return $ 29,800 * A death benefit exclusion (up to $5,000) applied to certain benefits received by employees who died before August 21, 1996. How do i amend my 2012 federal tax return   Table 1 for Line 3 Above       AND your annuity starting date was—   IF your age on your annuity starting date was . How do i amend my 2012 federal tax return . How do i amend my 2012 federal tax return . How do i amend my 2012 federal tax return   BEFORE November 19, 1996, enter on line 3 . How do i amend my 2012 federal tax return . How do i amend my 2012 federal tax return . How do i amend my 2012 federal tax return AFTER November 18, 1996, enter on line 3 . How do i amend my 2012 federal tax return . How do i amend my 2012 federal tax return . How do i amend my 2012 federal tax return   55 or under 300 360   56-60 260 310   61-65 240 260   66-70 170 210   71 or over 120 160 Table 2 for Line 3 Above   IF the annuitants' combined ages on your annuity starting date were . How do i amend my 2012 federal tax return . How do i amend my 2012 federal tax return . How do i amend my 2012 federal tax return   THEN enter on line 3 . How do i amend my 2012 federal tax return . How do i amend my 2012 federal tax return . How do i amend my 2012 federal tax return         110 or under   410         111-120   360         121-130   310         131-140   260         141 or over   210       Survivors of retirees. How do i amend my 2012 federal tax return   Benefits paid to you as a survivor under a joint and survivor annuity must be included in your gross income in the same way the retiree would have included them in gross income. How do i amend my 2012 federal tax return   If you receive a survivor annuity because of the death of a retiree who had reported the annuity under the Three-Year Rule, include the total received in your income. How do i amend my 2012 federal tax return The retiree's cost has already been recovered tax free. How do i amend my 2012 federal tax return   If the retiree was reporting the annuity payments under the General Rule, you must apply the same exclusion percentage the retiree used to your initial payment called for in the contract. How do i amend my 2012 federal tax return The resulting tax-free amount will then remain fixed. How do i amend my 2012 federal tax return Any increases in the survivor annuity are fully taxable. How do i amend my 2012 federal tax return   If the retiree was reporting the annuity payments under the Simplified Method, the part of each payment that is tax free is the same as the tax-free amount figured by the retiree at the annuity starting date. How do i amend my 2012 federal tax return See Simplified Method , earlier. How do i amend my 2012 federal tax return How to report. How do i amend my 2012 federal tax return   If you file Form 1040, report your total annuity on line 16a, and the taxable part on line 16b. How do i amend my 2012 federal tax return If your pension or annuity is fully taxable, enter it on line 16b. How do i amend my 2012 federal tax return Do not make an entry on line 16a. How do i amend my 2012 federal tax return   If you file Form 1040A, report your total annuity on line 12a, and the taxable part on line 12b. How do i amend my 2012 federal tax return If your pension or annuity is fully taxable, enter it on line 12b. How do i amend my 2012 federal tax return Do not make an entry on line 12a. How do i amend my 2012 federal tax return   If you file Form 1040NR, report your total annuity on line 17a, and the taxable part on line 17b. How do i amend my 2012 federal tax return If your pension or annuity is fully taxable, enter it on line 17b. How do i amend my 2012 federal tax return Do not make an entry on line 17a. How do i amend my 2012 federal tax return Example. How do i amend my 2012 federal tax return You are a Form 1040 filer and you received monthly payments totaling $1,200 (12 months x $100) during 2013 from a pension plan that was completely financed by your employer. How do i amend my 2012 federal tax return You had paid no tax on the payments that your employer made to the plan, and the payments were not used to pay for accident, health, or long-term care insurance premiums (as discussed later under Insurance Premiums for Retired Public Safety Officers ). How do i amend my 2012 federal tax return The entire $1,200 is taxable. How do i amend my 2012 federal tax return You include $1,200 only on Form 1040, line 16b. How do i amend my 2012 federal tax return Joint return. How do i amend my 2012 federal tax return   If you file a joint return and you and your spouse each receive one or more pensions or annuities, report the total of the pensions and annuities on line 16a of Form 1040, line 12a of Form 1040A, or line 17a of Form 1040NR. How do i amend my 2012 federal tax return Report the total of the taxable parts on line 16b of Form 1040, line 12b of Form 1040A, or line 17b of Form 1040NR. How do i amend my 2012 federal tax return Form 1099-R. How do i amend my 2012 federal tax return   You should receive a Form 1099-R for your pension or annuity. How do i amend my 2012 federal tax return Form 1099-R shows your pension or annuity for the year and any income tax withheld. How do i amend my 2012 federal tax return You should receive a Form W-2 if you receive distributions from certain nonqualified plans. How do i amend my 2012 federal tax return You must attach Forms 1099-R or Forms W-2 to your 2013 tax return if federal income tax was withheld. How do i amend my 2012 federal tax return Generally, you should be sent these forms by January 31, 2014. How do i amend my 2012 federal tax return Nonperiodic Distributions If you receive a nonperiodic distribution from your retirement plan, you may be able to exclude all or part of it from your income as a recovery of your cost. How do i amend my 2012 federal tax return Nonperiodic distributions include cash withdrawals, distributions of current earnings (dividends) on your investment, and certain loans. How do i amend my 2012 federal tax return For information on how to figure the taxable amount of a nonperiodic distribution, see Taxation of Nonperiodic Payments in Publication 575. How do i amend my 2012 federal tax return The taxable part of a nonperiodic distribution may be subject to an additional 10% tax. How do i amend my 2012 federal tax return See Tax on Early Distributions, later. How do i amend my 2012 federal tax return Lump-sum distributions. How do i amend my 2012 federal tax return   If you receive a lump-sum distribution from a qualified employee plan or qualified employee annuity and the plan participant was born before January 2, 1936, you may be able to elect optional methods of figuring the tax on the distribution. How do i amend my 2012 federal tax return The part from active participation in the plan before 1974 may qualify as capital gain subject to a 20% tax rate. How do i amend my 2012 federal tax return The part from participation after 1973 (and any part from participation before 1974 that you do not report as capital gain) is ordinary income. How do i amend my 2012 federal tax return You may be able to use the 10-year tax option to figure tax on the ordinary income part. How do i amend my 2012 federal tax return Form 1099-R. How do i amend my 2012 federal tax return   If you receive a total distribution from a plan, you should receive a Form 1099-R. How do i amend my 2012 federal tax return If the distribution qualifies as a lump-sum distribution, box 3 shows the capital gain part of the distribution. How do i amend my 2012 federal tax return The amount in box 2a, Taxable amount, minus the amount in box 3, Capital gain, is the ordinary income part. How do i amend my 2012 federal tax return More information. How do i amend my 2012 federal tax return   For more detailed information on lump-sum distributions, see Publication 575 or Form 4972, Tax on Lump-Sum Distributions. How do i amend my 2012 federal tax return Tax on Early Distributions Most distributions you receive from your qualified retirement plan and nonqualified annuity contracts before you reach age 59½ are subject to an additional tax of 10%. How do i amend my 2012 federal tax return The tax applies to the taxable part of the distribution. How do i amend my 2012 federal tax return For this purpose, a qualified retirement plan is: A qualified employee plan (including a qualified cash or deferred arrangement (CODA) under Internal Revenue Code section 401(k)), A qualified employee annuity plan, A tax-sheltered annuity plan (403(b) plan), or An eligible state or local government section 457 deferred compensation plan (to the extent that any distribution is attributable to amounts the plan received in a direct transfer or rollover from one of the other plans listed here or an IRA). How do i amend my 2012 federal tax return  An IRA is also a qualified retirement plan for purposes of this tax. How do i amend my 2012 federal tax return General exceptions to tax. How do i amend my 2012 federal tax return   The early distribution tax does not apply to any distributions that are: Made as part of a series of substantially equal periodic payments (made at least annually) for your life (or life expectancy) or the joint lives (or joint life expectancies) of you and your designated beneficiary (if from a qualified retirement plan, the payments must begin after separation from service), Made because you are totally and permanently disabled, or Made on or after the death of the plan participant or contract holder. How do i amend my 2012 federal tax return Additional exceptions. How do i amend my 2012 federal tax return   There are additional exceptions to the early distribution tax for certain distributions from qualified retirement plans and nonqualified annuity contracts. How do i amend my 2012 federal tax return See Publication 575 for details. How do i amend my 2012 federal tax return Reporting tax. How do i amend my 2012 federal tax return   If you owe only the tax on early distributions and distribution code 1 (early distribution, no known exception) is correctly shown in Form 1099-R, box 7, multiply the taxable part of the early distribution by 10% (. How do i amend my 2012 federal tax return 10) and enter the result on Form 1040, line 58, or Form 1040NR, line 56. How do i amend my 2012 federal tax return See the instructions for line 58 of Form 1040 or line 56 of Form 1040NR for more information about reporting the early distribution tax. How do i amend my 2012 federal tax return Tax on Excess Accumulation To make sure that most of your retirement benefits are paid to you during your lifetime, rather than to your beneficiaries after your death, the payments that you receive from qualified retirement plans must begin no later than your required beginning date. How do i amend my 2012 federal tax return Unless the rule for 5% owners applies, this is generally April 1 of the year that follows the later of: The calendar year in which you reach age 70½, or The calendar year in which you retire from employment with the employer maintaining the plan. How do i amend my 2012 federal tax return However, your plan may require you to begin to receive payments by April 1 of the year that follows the year in which you reach 70½, even if you have not retired. How do i amend my 2012 federal tax return For this purpose, a qualified retirement plan includes: A qualified employee plan, A qualified employee annuity plan, An eligible section 457 deferred compensation plan, or A tax-sheltered annuity plan (403(b) plan) (for benefits accruing after 1986). How do i amend my 2012 federal tax return  An IRA is also a qualified retirement plan for purposes of this tax. How do i amend my 2012 federal tax return An excess accumulation is the undistributed remainder of the required minimum distribution that was left in your qualified retirement plan. How do i amend my 2012 federal tax return 5% owners. How do i amend my 2012 federal tax return   If you own (or are considered to own under section 318 of the Internal Revenue Code) more than 5% of the company maintaining your qualified retirement plan, you must begin to receive distributions from the plan by April 1 of the year after the calendar year in which you reach age 70½. How do i amend my 2012 federal tax return See Publication 575 for more information. How do i amend my 2012 federal tax return Amount of tax. How do i amend my 2012 federal tax return   If you do not receive the required minimum distribution, you are subject to an additional tax. How do i amend my 2012 federal tax return The tax equals 50% of the difference between the amount that must be distributed and the amount that was distributed during the tax year. How do i amend my 2012 federal tax return You can get this excise tax excused if you establish that the shortfall in distributions was due to reasonable error and that you are taking reasonable steps to remedy the shortfall. How do i amend my 2012 federal tax return Form 5329. How do i amend my 2012 federal tax return   You must file a Form 5329 if you owe a tax because you did not receive a minimum required distribution from your qualified retirement plan. How do i amend my 2012 federal tax return Additional information. How do i amend my 2012 federal tax return   For more detailed information on the tax on excess accumulation, see Publication 575. How do i amend my 2012 federal tax return Insurance Premiums for Retired Public Safety Officers If you are an eligible retired public safety officer (law enforcement officer, firefighter, chaplain, or member of a rescue squad or ambulance crew), you can elect to exclude from income distributions made from your eligible retirement plan that are used to pay the premiums for accident or health insurance or long-term care insurance. How do i amend my 2012 federal tax return The premiums can be for coverage for you, your spouse, or dependent(s). How do i amend my 2012 federal tax return The distribution must be made directly from the plan to the insurance provider. How do i amend my 2012 federal tax return You can exclude from income the smaller of the amount of the insurance premiums or $3,000. How do i amend my 2012 federal tax return You can only make this election for amounts that would otherwise be included in your income. How do i amend my 2012 federal tax return The amount excluded from your income cannot be used to claim a medical expense deduction. How do i amend my 2012 federal tax return An eligible retirement plan is a governmental plan that is a: Qualified trust, Section 403(a) plan, Section 403(b) annuity, or Section 457(b) plan. How do i amend my 2012 federal tax return If you make this election, reduce the otherwise taxable amount of your pension or annuity by the amount excluded. How do i amend my 2012 federal tax return The taxable amount shown in box 2a of any Form 1099-R that you receive does not reflect the exclusion. How do i amend my 2012 federal tax return Report your total distributions on Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a. How do i amend my 2012 federal tax return Report the taxable amount on Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b. How do i amend my 2012 federal tax return Enter “PSO” next to the appropriate line on which you report the taxable amount. How do i amend my 2012 federal tax return Railroad Retirement Benefits Benefits paid under the Railroad Retirement Act fall into two categories. How do i amend my 2012 federal tax return These categories are treated differently for income tax purposes. How do i amend my 2012 federal tax return Social security equivalent benefits. How do i amend my 2012 federal tax return   The first category is the amount of tier 1 railroad retirement benefits that equals the social security benefit that a railroad employee or beneficiary would have been entitled to receive under the social security system. How do i amend my 2012 federal tax return This part of the tier 1 benefit is the social security equivalent benefit (SSEB) and is treated for tax purposes like social security benefits. How do i amend my 2012 federal tax return (See Social Security and Equivalent Railroad Retirement Benefits , later. How do i amend my 2012 federal tax return ) Non-social security equivalent benefits. How do i amend my 2012 federal tax return   The second category contains the rest of the tier 1 benefits, called the non-social security equivalent benefit (NSSEB). How do i amend my 2012 federal tax return It also contains any tier 2 benefit, vested dual benefit (VDB), and supplemental annuity benefit. How do i amend my 2012 federal tax return This category of benefits is treated as an amount received from a qualified employee plan. How do i amend my 2012 federal tax return This allows for the tax-free (nontaxable) recovery of employee contributions from the tier 2 benefits and the NSSEB part of the tier 1 benefits. How do i amend my 2012 federal tax return Vested dual benefits and supplemental annuity benefits are non-contributory pensions and are fully taxable. How do i amend my 2012 federal tax return More information. How do i amend my 2012 federal tax return   For more information about railroad retirement benefits, see Publication 575. How do i amend my 2012 federal tax return Military Retirement Pay Military retirement pay based on age or length of service is taxable and must be included in income as a pension on Form 1040, lines 16a and 16b; on Form 1040A, lines 12a and 12b; or on Form 1040NR, lines 17a and 17b. How do i amend my 2012 federal tax return But, certain military and government disability pensions that are based on a percentage of disability from active service in the Armed Forces of any country generally are not taxable. How do i amend my 2012 federal tax return For more information, including information about veterans' benefits and insurance, see Publication 525. How do i amend my 2012 federal tax return Social Security and Equivalent Railroad Retirement Benefits This discussion explains the federal income tax rules for social security benefits and equivalent tier 1 railroad retirement benefits. How do i amend my 2012 federal tax return Social security benefits include monthly retirement, survivor, and disability benefits. How do i amend my 2012 federal tax return They do not include supplemental security income (SSI) payments, which are not taxable. How do i amend my 2012 federal tax return Equivalent tier 1 railroad retirement benefits are the part of tier 1 benefits that a railroad employee or beneficiary would have been entitled to receive under the social security system. How do i amend my 2012 federal tax return They commonly are called the social security equivalent benefit (SSEB) portion of tier 1 benefits. How do i amend my 2012 federal tax return If you received these benefits during 2013, you should have received a Form SSA-1099 or Form RRB-1099 (Form SSA-1042S or Form RRB-1042S if you are a nonresident alien), showing the amount of the benefits. How do i amend my 2012 federal tax return Are Any of Your Benefits Taxable? Note. How do i amend my 2012 federal tax return When the term “benefits” is used in this section, it applies to both social security benefits and the SSEB portion of tier 1 railroad retirement benefits. How do i amend my 2012 federal tax return  To find out whether any of your benefits may be taxable, compare the base amount for your filing status (explained later) with the total of: One-half of your benefits, plus All your other income, including tax-exempt interest. How do i amend my 2012 federal tax return When making this comparison, do not reduce your other income by any exclusions for: Interest from qualified U. How do i amend my 2012 federal tax return S. How do i amend my 2012 federal tax return savings bonds, Employer-provided adoption benefits, Foreign earned income or foreign housing, or Income earned in American Samoa or Puerto Rico by bona fide residents. How do i amend my 2012 federal tax return Figuring total income. How do i amend my 2012 federal tax return   To figure the total of one-half of your benefits plus your other income, use Worksheet 2-B. How do i amend my 2012 federal tax return If that total amount is more than your base amount, part of your benefits may be taxable. How do i amend my 2012 federal tax return If you are married and file a joint return for 2013, you and your spouse must combine your incomes and your benefits to figure whether any of your combined benefits are taxable. How do i amend my 2012 federal tax return Even if your spouse did not receive any benefits, you must add your spouse's income to yours to figure whether any of your benefits are taxable. How do i amend my 2012 federal tax return If the only income you received during 2013 was your social security or the SSEB portion of tier 1 railroad retirement benefits, your benefits generally are not taxable and you probably do not have to file a return. How do i amend my 2012 federal tax return If you have income in addition to your benefits, you may have to file a return even if none of your benefits are taxable. How do i amend my 2012 federal tax return Worksheet 2-B. How do i amend my 2012 federal tax return A Quick Way To Check if Your Benefits May Be Taxable A. How do i amend my 2012 federal tax return Enter the amount from box 5 of all your Forms SSA-1099 and RRB-1099. How do i amend my 2012 federal tax return Include  the full amount of any lump-sum benefit payments received in 2013, for 2013 and  earlier years. How do i amend my 2012 federal tax return (If you received more than one form, combine the amounts from box 5  and enter the total. How do i amend my 2012 federal tax return ) A. How do i amend my 2012 federal tax return     Note. How do i amend my 2012 federal tax return If the amount on line A is zero or less, stop here; none of your benefits are  taxable this year. How do i amend my 2012 federal tax return     B. How do i amend my 2012 federal tax return Enter one-half of the amount on line A B. How do i amend my 2012 federal tax return   C. How do i amend my 2012 federal tax return Enter your taxable pensions, wages, interest, dividends, and other taxable income C. How do i amend my 2012 federal tax return   D. How do i amend my 2012 federal tax return Enter any tax-exempt interest income (such as interest on municipal bonds) plus any exclusions from income for: •Interest from qualified U. How do i amend my 2012 federal tax return S. How do i amend my 2012 federal tax return savings bonds, •Employer-provided adoption benefits, •Foreign earned income or foreign housing, or •Income earned in American Samoa or Puerto Rico by bona fide residents D. How do i amend my 2012 federal tax return   E. How do i amend my 2012 federal tax return Add lines B, C, and D and enter the total E. How do i amend my 2012 federal tax return   F. How do i amend my 2012 federal tax return If you are: •Married filing jointly, enter $32,000 •Single, head of household, qualifying widow(er), or married filing separately and you  lived apart from your spouse for all of 2013, enter $25,000 •Married filing separately and you lived with your spouse at any time during 2013,  enter -0- F. How do i amend my 2012 federal tax return   G. How do i amend my 2012 federal tax return Is the amount on line F less than or equal to the amount on line E? □ No. How do i amend my 2012 federal tax return None of your benefits are taxable this year. How do i amend my 2012 federal tax return  □ Yes. How do i amend my 2012 federal tax return Some of your benefits may be taxable. How do i amend my 2012 federal tax return To figure how much of your benefits  are taxable, see Which worksheet to use under How Much Is Taxable. How do i amend my 2012 federal tax return     Base Amount Your base amount is: $25,000 if you are single, head of household, or qualifying widow(er) with dependent child, $25,000 if you are married filing separately and lived apart from your spouse for all of 2013, $32,000 if you are married filing jointly, or $0 if you are married filing separately and lived with your spouse at any time during 2013. How do i amend my 2012 federal tax return Repayment of Benefits Any repayment of benefits you made during 2013 must be subtracted from the gross benefits you received in 2013. How do i amend my 2012 federal tax return It does not matter whether the repayment was for a benefit you received in 2013 or in an earlier year. How do i amend my 2012 federal tax return If you repaid more than the gross benefits you received in 2013, see Repayments More Than Gross Benefits , later. How do i amend my 2012 federal tax return Your gross benefits are shown in box 3 of Form SSA-1099 or Form RRB-1099. How do i amend my 2012 federal tax return Your repayments are shown in box 4. How do i amend my 2012 federal tax return The amount in box 5 shows your net benefits for 2013 (box 3 minus box 4). How do i amend my 2012 federal tax return Use the amount in box 5 to figure whether any of your benefits are taxable. How do i amend my 2012 federal tax return Tax Withholding and Estimated Tax You can choose to have federal income tax withheld from your social security and/or the SSEB portion of your tier 1 railroad retirement benefits. How do i amend my 2012 federal tax return If you choose to do this, you must complete a Form W-4V, Voluntary Withholding Request. How do i amend my 2012 federal tax return If you do not choose to have income tax withheld, you may have to request additional withholding from other income, or pay estimated tax during the year. How do i amend my 2012 federal tax return For details, see Publication 505, Tax Withholding and Estimated Tax, or the instructions for Form 1040-ES, Estimated Tax for Individuals. How do i amend my 2012 federal tax return How Much Is Taxable? If part of your benefits is taxable, how much is taxable depends on the total amount of your benefits and other income. How do i amend my 2012 federal tax return Generally, the higher that total amount, the greater the taxable part of your benefits. How do i amend my 2012 federal tax return Maximum taxable part. How do i amend my 2012 federal tax return   The taxable part of your benefits usually cannot be more than 50%. How do i amend my 2012 federal tax return However, up to 85% of your benefits can be taxable if either of the following situations applies to you. How do i amend my 2012 federal tax return The total of one-half of your benefits and all your other income is more than $34,000 ($44,000 if you are married filing jointly). How do i amend my 2012 federal tax return You are married filing separately and lived with your spouse at any time during 2013. How do i amend my 2012 federal tax return   If you are a nonresident alien, 85% of your benefits are taxable. How do i amend my 2012 federal tax return However, this income is exempt under some tax treaties. How do i amend my 2012 federal tax return Which worksheet to use. How do i amend my 2012 federal tax return   A worksheet to figure your taxable benefits is in the instructions for your Form 1040 or 1040A. How do i amend my 2012 federal tax return However, you will need to use a different worksheet(s) if any of the following situations applies to you. How do i amend my 2012 federal tax return You contributed to a traditional individual retirement arrangement (IRA) and you or your spouse were covered by a retirement plan at work. How do i amend my 2012 federal tax return In this situation, you must use the special worksheets in Appendix B of Publication 590 to figure both your IRA deduction and your taxable benefits. How do i amend my 2012 federal tax return Situation (1) does not apply and you take one or more of the following exclusions. How do i amend my 2012 federal tax return Interest from qualified U. How do i amend my 2012 federal tax return S. How do i amend my 2012 federal tax return savings bonds (Form 8815). How do i amend my 2012 federal tax return Employer-provided adoption benefits (Form 8839). How do i amend my 2012 federal tax return Foreign earned income or housing (Form 2555 or Form 2555-EZ). How do i amend my 2012 federal tax return Income earned in American Samoa (Form 4563) or Puerto Rico by bona fide residents. How do i amend my 2012 federal tax return In these situations, you must use Worksheet 1 in Publication 915, Social Security and Equivalent Railroad Retirement Benefits, to figure your taxable benefits. How do i amend my 2012 federal tax return You received a lump-sum payment for an earlier year. How do i amend my 2012 federal tax return In this situation, also complete Worksheet 2 or 3 and Worksheet 4 in Publication 915. How do i amend my 2012 federal tax return See Lump-Sum Election , later. How do i amend my 2012 federal tax return How To Report Your Benefits If part of your benefits are taxable, you must use Form 1040, Form 1040A, or Form 1040NR. How do i amend my 2012 federal tax return You cannot use Form 1040EZ. How do i amend my 2012 federal tax return Reporting on Form 1040. How do i amend my 2012 federal tax return   Report your net benefits (the amount in box 5 of your Form SSA-1099 or Form RRB-1099) on line 20a and the taxable part on line 20b. How do i amend my 2012 federal tax return If you are married filing separately and you lived apart from your spouse for all of 2013, also enter “D” to the right of the word “benefits” on line 20a. How do i amend my 2012 federal tax return Reporting on Form 1040A. How do i amend my 2012 federal tax return   Report your net benefits (the amount in box 5 of your Form SSA-1099 or Form RRB-1099) on line 14a and the taxable part on line 14b. How do i amend my 2012 federal tax return If you are married filing separately and you lived apart from your spouse for all of 2013, also enter “D” to the right of the word “benefits” on line 14a. How do i amend my 2012 federal tax return Reporting on Form 1040NR. How do i amend my 2012 federal tax return   Report 85% of the total amount of your benefits (box 5 of your Form SSA-1042S or Form RRB-1042S) in the appropriate column of Form 1040NR, Schedule NEC, line 8. How do i amend my 2012 federal tax return Benefits not taxable. How do i amend my 2012 federal tax return   If you are filing Form 1040EZ, do not report any benefits on your tax return. How do i amend my 2012 federal tax return If you are filing Form 1040 or Form 1040A, report your net benefits (the amount in box 5 of your Form SSA-1099 or Form RRB-1099) on Form 1040, line 20a, or Form 1040A, line 14a. How do i amend my 2012 federal tax return Enter -0- on Form 1040, line 20b, or Form 1040A, line 14b. How do i amend my 2012 federal tax return If you are married filing separately and you lived apart from your spouse for all of 2013, also enter “D” to the right of the word “benefits” on Form 1040, line 20a, or Form 1040A, line 14a. How do i amend my 2012 federal tax return Lump-Sum Election You must include the taxable part of a lump-sum (retroactive) payment of benefits received in 2013 in your 2013 income, even if the payment includes benefits for an earlier year. How do i amend my 2012 federal tax return This type of lump-sum benefit payment should not be confused with the lump-sum death benefit that both the SSA and RRB pay to many of their beneficiaries. How do i amend my 2012 federal tax return No part of the lump-sum death benefit is subject to tax. How do i amend my 2012 federal tax return For more information about the lump-sum death benefit, visit the Social Security Administration website at www. How do i amend my 2012 federal tax return SSA. How do i amend my 2012 federal tax return gov, and use keyword: death benefit. How do i amend my 2012 federal tax return Generally, you use your 2013 income to figure the taxable part of the total benefits received in 2013. How do i amend my 2012 federal tax return However, you may be able to figure the taxable part of a lump-sum payment for an earlier year separately, using your income for the earlier year. How do i amend my 2012 federal tax return You can elect this method if it lowers your taxable benefits. How do i amend my 2012 federal tax return See Publication 915 for more information. How do i amend my 2012 federal tax return Repayments More Than Gross Benefits In some situations, your Form SSA-1099 or Form RRB-1099 will show that the total benefits you repaid (box 4) are more than the gross benefits (box 3) you received. How do i amend my 2012 federal tax return If this occurred, your net benefits in box 5 will be a negative figure (a figure in parentheses) and none of your benefits will be taxable. How do i amend my 2012 federal tax return If you receive more than one form, a negative figure in box 5 of one form is used to offset a positive figure in box 5 of another form for that same year. How do i amend my 2012 federal tax return If you have any questions about this negative figure, contact your local Social Security Administration office or your local U. How do i amend my 2012 federal tax return S. How do i amend my 2012 federal tax return Railroad Retirement Board field office. How do i amend my 2012 federal tax return Joint return. How do i amend my 2012 federal tax return   If you and your spouse file a joint return, and your Form SSA-1099 or RRB-1099 has a negative figure in box 5 but your spouse's does not, subtract the box 5 amount on your form from the box 5 amount on your spouse's form. How do i amend my 2012 federal tax return You do this to get your net benefits when figuring if your combined benefits are taxable. How do i amend my 2012 federal tax return Repayment of benefits received in an earlier year. How do i amend my 2012 federal tax return   If the total amount shown in box 5 of all of your Forms SSA-1099 and RRB-1099 is a negative figure, you can take an itemized deduction for the part of this negative figure that represents benefits you included in gross income in an earlier year. How do i amend my 2012 federal tax return   If this deduction is $3,000 or less, it is subject to the 2%-of-adjusted-gross-income limit that applies to certain miscellaneous itemized deductions. How do i amend my 2012 federal tax return Claim it on Schedule A (Form 1040), line 23. How do i amend my 2012 federal tax return   If this deduction is more than $3,000, you have to follow some special instructions. How do i amend my 2012 federal tax return See Publication 915 for those instructions. How do i amend my 2012 federal tax return Sickness and Injury Benefits Generally, you must report as income any amount you receive for personal injury or sickness through an accident or health plan that is paid for by your employer. How do i amend my 2012 federal tax return If both you and your employer pay for the plan, only the amount you receive that is due to your employer's payments is reported as income. How do i amend my 2012 federal tax return However, certain payments may not be taxable to you. How do i amend my 2012 federal tax return Some of these payments are discussed later in this section. How do i amend my 2012 federal tax return Also, see Military and Government Disability Pensions and Other Sickness and Injury Benefits in Publication 525. How do i amend my 2012 federal tax return Cost paid by you. How do i amend my 2012 federal tax return   If you pay the entire cost of an accident or health plan, do not include any amounts you receive from the plan for personal injury or sickness as income on your tax return. How do i amend my 2012 federal tax return If your plan reimbursed you for medical expenses you deducted in an earlier year, you may have to include some, or all, of the reimbursement in your income. How do i amend my 2012 federal tax return Disability Pensions If you retired on disability, you must include in income any disability pension you receive under a plan that is paid for by your employer. How do i amend my 2012 federal tax return You must report your taxable disability payments as wages on line 7 of Form 1040 or Form 1040A or on line 8 of Form 1040NR until you reach minimum retirement age. How do i amend my 2012 federal tax return Minimum retirement age generally is the age at which you can first receive a pension or annuity if you are not disabled. How do i amend my 2012 federal tax return If you were 65 or older by the end of 2013 or you were retired on permanent and total disability and received taxable disability income, you may be able to claim the credit for the elderly or the disabled. How do i amend my 2012 federal tax return See Credit for the Elderly or the Disabled, later. How do i amend my 2012 federal tax return For more information on this credit, see Publication 524, Credit for the Elderly or the Disabled. How do i amend my 2012 federal tax return Beginning on the day after you reach minimum retirement age, payments you receive are taxable as a pension or annuity. How do i amend my 2012 federal tax return Report the payments on lines 16a and 16b of Form 1040, on lines 12a and 12b of Form 1040A, or on lines 17a and 17b of Form 1040NR. How do i amend my 2012 federal tax return For more information on pensions and annuities, see Publication 575. How do i amend my 2012 federal tax return Retirement and profit-sharing plans. How do i amend my 2012 federal tax return   If you receive payments from a retirement or profit-sharing plan that does not provide for disability retirement, do not treat the payments as a disability pension. How do i amend my 2012 federal tax return The payments must be reported as a pension or annuity. How do i amend my 2012 federal tax return Accrued leave payment. How do i amend my 2012 federal tax return   If you retire on disability, any lump-sum payment you receive for accrued annual leave is a salary payment. How do i amend my 2012 federal tax return The payment is not a disability payment. How do i amend my 2012 federal tax return Include it in your income in the tax year you receive it. How do i amend my 2012 federal tax return Long-Term Care Insurance Contracts In most cases, long-term care insurance contracts generally are treated as accident and health insurance contracts. How do i amend my 2012 federal tax return Amounts you receive from them (other than policyholder dividends or premium refunds) generally are excludable from income as amounts received for personal injury or sickness. How do i amend my 2012 federal tax return However, the amount you can exclude may be limited. How do i amend my 2012 federal tax return Long-term care insurance contracts are discussed in more detail in Publication 525. How do i amend my 2012 federal tax return Workers' Compensation Amounts you receive as workers' compensation for an occupational sickness or injury are fully exempt from tax if they are paid under a workers' compensation act or a statute in the nature of a workers' compensation act. How do i amend my 2012 federal tax return The exemption also applies to your survivors. How do i amend my 2012 federal tax return The exemption, however, does not apply to retirement plan benefits you receive based on your age, length of service, or prior contributions to the plan, even if you retired because of an occupational sickness or injury. How do i amend my 2012 federal tax return If part of your workers' compensation reduces your social security or equivalent railroad retirement benefits, that part is considered social security (or equivalent railroad retirement) benefits and may be taxable. How do i amend my 2012 federal tax return For a discussion of the taxability of these benefits, see Social Security and Equivalent Railroad Retirement Benefits, earlier. How do i amend my 2012 federal tax return Return to work. How do i amend my 2012 federal tax return   If you return to work after qualifying for workers' compensation, salary payments you receive for performing light duties are taxable as wages. How do i amend my 2012 federal tax return Other Sickness and Injury Benefits In addition to disability pensions and annuities, you may receive other payments for sickness or injury. How do i amend my 2012 federal tax return Federal Employees' Compensation Act (FECA). How do i amend my 2012 federal tax return   Payments received under this Act for personal injury or sickness, including payments to beneficiaries in case of death, are not taxable. How do i amend my 2012 federal tax return However, you are taxed on amounts you receive under this Act as continuation of pay for up to 45 days while a claim is being decided. How do i amend my 2012 federal tax return Report this income on Form 1040, line 7; Form 1040A, line 7; on Form 1040EZ, line 1; or Form 1040NR, line 8. How do i amend my 2012 federal tax return Also, pay for sick leave while a claim is being processed is taxable and must be included in your income as wages. How do i amend my 2012 federal tax return    If part of the payments you receive under FECA reduces your social security or equivalent railroad retirement benefits, that part is considered social security (or equivalent railroad retirement) benefits and may be taxable. How do i amend my 2012 federal tax return For a discussion of the taxability of these benefits, see Social Security and Equivalent Railroad Retirement Benefits, earlier. How do i amend my 2012 federal tax return Other compensation. How do i amend my 2012 federal tax return   Many other amounts you receive as compensation for sickness or injury are not taxable. How do i amend my 2012 federal tax return These include the following amounts. How do i amend my 2012 federal tax return Benefits you receive under an accident or health insurance policy on which either you paid the premiums or your employer paid the premiums but you had to include them in your income. How do i amend my 2012 federal tax return Disability benefits you receive for loss of income or earning capacity as a result of injuries under a no-fault car insurance policy. How do i amend my 2012 federal tax return Compensation you receive for permanent loss or loss of use of a part or function of your body, for your permanent disfigurement, or for such loss or disfigurement suffered by your spouse or dependent(s). How do i amend my 2012 federal tax return This compensation must be based only on the injury and not on the period of your absence from work. How do i amend my 2012 federal tax return These benefits are not taxable even if your employer pays for the accident and health plan that provides these benefits. How do i amend my 2012 federal tax return Life Insurance Proceeds Life insurance proceeds paid to you because of the death of the insured person are not taxable unless the policy was turned over to you for a price. How do i amend my 2012 federal tax return This is true even if the proceeds were paid under an accident or health insurance policy or an endowment contract. How do i amend my 2012 federal tax return Proceeds not received in installments. How do i amend my 2012 federal tax return   If death benefits are paid to you in a lump sum or other than at regular intervals, include in your income only the benefits that are more than the amount payable to you at the time of the insured person's death. How do i amend my 2012 federal tax return If the benefit payable at death is not specified, you include in your income the benefit payments that are more than the present value of the payments at the time of death. How do i amend my 2012 federal tax return Proceeds received in installments. How do i amend my 2012 federal tax return   If you receive life insurance proceeds in installments, you can exclude part of each installment from your income. How do i amend my 2012 federal tax return   To determine the excluded part, divide the amount held by the insurance company (generally the total lump sum payable at the death of the insured person) by the number of installments to be paid. How do i amend my 2012 federal tax return Include anything over this excluded part in your income as interest. How do i amend my 2012 federal tax return Installments for life. How do i amend my 2012 federal tax return   If, as the beneficiary under an insurance contract, you are entitled to receive the proceeds in installments for the rest of your life without a refund or period-certain guarantee, you figure the excluded part of each installment by dividing the amount held by the insurance company by your life expectancy. How do i amend my 2012 federal tax return If there is a refund or period-certain guarantee, the amount held by the insurance company for this purpose is reduced by the actuarial value of the guarantee. How do i amend my 2012 federal tax return Surviving spouse. How do i amend my 2012 federal tax return   If your spouse died before October 23, 1986, and insurance proceeds paid to you because of the death of your spouse are received in installments, you can exclude, in any year, up to $1,000 of the interest included in the installments. How do i amend my 2012 federal tax return If you remarry, you can continue to take the exclusion. How do i amend my 2012 federal tax return Surrender of policy for cash. How do i amend my 2012 federal tax return   If you surrender a life insurance policy for cash, you must include in income any proceeds that are more than the cost of the life insurance policy. How do i amend my 2012 federal tax return In general, your cost (or investment in the contract) is the total of premiums that you paid for the life insurance policy, less any refunded premiums, rebates, dividends, or unrepaid loans that were not included in your income. How do i amend my 2012 federal tax return You should receive a Form 1099-R showing the total proceeds and the taxable part. How do i amend my 2012 federal tax return Report these amounts on Form 1040, lines 16a and 16b; Form 1040A, lines 12a and 12b; or Form 1040NR, lines 17a and 17b. How do i amend my 2012 federal tax return Endowment Contract Proceeds An endowment contract is a policy that pays over to you a specified amount of money on a certain date unless you die before that date, in which case, the money is paid to your designated beneficiary. How do i amend my 2012 federal tax return Endowment proceeds paid in a lump sum to you at maturity are taxable only if the proceeds are more than the cost of the policy. How do i amend my 2012 federal tax return To determine your cost, subtract from the total premiums (or other consideration) paid for the contract any amount that you previously received under the contract and excluded from your income. How do i amend my 2012 federal tax return Include in your income the part of the lump-sum payment that is more than your cost. How do i amend my 2012 federal tax return Endowment proceeds that you choose to receive in installments instead of a lump-sum payment at the maturity of the policy are taxed as an annuity. How do i amend my 2012 federal tax return The tax treatment of an annuity is explained in Publication 575. How do i amend my 2012 federal tax return For this treatment to apply, you must choose to receive the proceeds in installments before receiving any part of the lump sum. How do i amend my 2012 federal tax return This election must be made within 60 days after the lump-sum payment first becomes payable to you. How do i amend my 2012 federal tax return Accelerated Death Benefits Certain amounts paid as accelerated death benefits under a life insurance contract or viatical settlement before the insured's death are generally excluded from income if the insured is terminally or chronically ill. How do i amend my 2012 federal tax return However, see Exception , later. How do i amend my 2012 federal tax return For a chronically ill individual, accelerated death benefits paid on the basis of costs incurred for qualified long-term care services are fully excludable. How do i amend my 2012 federal tax return Accelerated death benefits paid on a per diem or other periodic basis without regard to the costs are excludable up to a limit. How do i amend my 2012 federal tax return In addition, if any portion of a death benefit under a life insurance contract on the life of a terminally or chronically ill individual is sold or assigned to a viatical settlement provider, the amount received also is excluded from income. How do i amend my 2012 federal tax return Generally, a viatical settlement provider is one who regularly engages in the business of buying or taking assignment of life insurance contracts on the lives of insured individuals who are terminally or chronically ill. How do i amend my 2012 federal tax return To report taxable accelerated death benefits made on a per diem or other periodic basis, you must file Form 8853, Archer MSAs and Long-Term Care Insurance Contracts, with your return. How do i amend my 2012 federal tax return Terminally or chronically ill defined. How do i amend my 2012 federal tax return   A terminally ill person is one who has been certified by a physician as having an illness or physical condition that reasonably can be expected to result in death within 24 months from the date of the certification. How do i amend my 2012 federal tax return A chronically ill person is one who is not terminally ill but has been certified (within the previous 12 months) by a licensed health care practitioner as meeting either of the following conditions. How do i amend my 2012 federal tax return The person is unable to perform (without substantial help) at least two activities of daily living (eating, toileting, transferring, bathing, dressing, and continence) for a period of 90 days or more because of a loss of functional capacity. How do i amend my 2012 federal tax return The person requires substantial supervision to protect himself or herself from threats to health and safety due to severe cognitive impairment. How do i amend my 2012 federal tax return Exception. How do i amend my 2012 federal tax return   The exclusion does not apply to any amount paid to a person other than the insured if that other person has an insurable interest in the life of the insured because the insured: Is a director, officer, or employee of the other person, or Has a financial interest in the business of the other person. How do i amend my 2012 federal tax return Sale of Home You may be able to exclude from income any gain up to $250,000 ($500,000 on a joint return in most cases) on the sale of your main home. How do i amend my 2012 federal tax return Generally, if you can exclude all of the gain, you do not need to report the sale on your tax return. How do i amend my 2012 federal tax return You can choose not to take the exclusion by including the gain from the sale in your gross income on your tax return for the year of the sale. How do i amend my 2012 federal tax return Main home. How do i amend my 2012 federal tax return   Usually, your main home is the home you live in most of the time and can be a: House, Houseboat, Mobile home, Cooperative apartment, or Condominium. How do i amend my 2012 federal tax return Repaying the first-time homebuyer credit because you sold your home. How do i amend my 2012 federal tax return   If you claimed a first-time homebuyer credit for your main home and you sell it, you may have to repay the credit. How do i amend my 2012 federal tax return For a home purchased in 2008 and used as your main home until sold in 2013, you must file Form 5405 and repay the balance of the unpaid credit on your 2013 tax return. How do i amend my 2012 federal tax return   For a home purchased after 2008, you generally must repay the entire credit if the home was sold (or otherwise ceased to be your main home) within 36 months of the purchase date. How do i amend my 2012 federal tax return If you purchased your home in 2009 and used it as your main home until sold in 2013, you do not have to repay the credit or file Form 5405. How do i amend my 2012 federal tax return If you purchased your home in 2010 and used it as your main home until sold in 2013, you may have to file Form 5405 and repay the entire credit on your 2013 tax return. How do i amend my 2012 federal tax return   See the Instructions for Form 5405 for more information about repaying the credit and exceptions to repayment that may apply to you. How do i amend my 2012 federal tax return Maximum Amount of Exclusion You can generally exclude up to $250,000 of the gain (other than gain allocated to periods of nonqualified use) on the sale of your main home if all of the following are true. How do i amend my 2012 federal tax return You meet the ownership test. How do i amend my 2012 federal tax return You meet the use test. How do i amend my 2012 federal tax return During the 2-year period ending on the date of the sale, you did not exclude gain from the sale of another home. How do i amend my 2012 federal tax return You may be able to exclude up to $500,000 of the gain (other than gain allocated to periods of nonqualified use) on the sale of your main home if you are married and file a joint return and meet the requirements listed in the discussion of the special rules for joint returns, later, under Married Persons . How do i amend my 2012 federal tax return Ownership and Use Tests To claim the exclusion, you must meet the ownership and use tests. How do i amend my 2012 federal tax return This means that during the 5-year period ending on the date of the sale, you must have: Owned the home for at least 2 years (the ownership test), and Lived in the home as your main home for at least 2 years (the use test). How do i amend my 2012 federal tax return Exception to ownership and use tests. How do i amend my 2012 federal tax return   If you owned and lived in the property as your main home for less than 2 years, you still can claim an exclusion in some cases. How do i amend my 2012 federal tax return Generally, you must have sold the home due to a change in place of employment, health, or unforeseen circumstances. How do i amend my 2012 federal tax return The maximum amount you can exclude will be reduced. How do i amend my 2012 federal tax return See Publication 523, Selling Your Home, for more information. How do i amend my 2012 federal tax return Exception to use test for individuals with a disability. How do i amend my 2012 federal tax return   There is an exception to the use test if, during the 5-year period before the sale of your home: You become physically or mentally unable to care for yourself, and You owned and lived in your home as your main home for a total of at least 1 year. How do i amend my 2012 federal tax return Under this exception, you are considered to live in your home during any time that you own the home and live in a facility (including a nursing home) that is licensed by a state or political subdivision to care for persons in your condition. How do i amend my 2012 federal tax return   If you meet this exception to the use test, you still have to meet the 2-out-of-5-year ownership test to claim the exclusion. How do i amend my 2012 federal tax return Exception to ownership test for property acquired in a like-kind exchange. How do i amend my 2012 federal tax return   You must have owned your main home for at least 5 years to qualify for the exclusion if you acquired your main home in a like-kind exchange. How do i amend my 2012 federal tax return This special 5-year ownership rule continues to apply to a home you acquired in a like-kind exchange and gave to another person. How do i amend my 2012 federal tax return A like-kind exchange is an exchange of property held for productive use in a trade or business or for investment. How do i amend my 2012 federal tax return See Publication 523 for more information. How do i amend my 2012 federal tax return Period of nonqualified use. How do i amend my 2012 federal tax return   Generally, the gain from the sale or exchange of your main home will not qualify for the exclusion to the extent that the gain is allocated to periods of nonqualified use. How do i amend my 2012 federal tax return Nonqualified use is any period after December 31, 2008, during which the property is not used as the main home. How do i amend my 2012 federal tax return See Publication 523 for more information. How do i amend my 2012 federal tax return Married Persons In the special situations discussed below, if you and your spouse file a joint return for the year of sale and one spouse meets the ownership and use test, you can exclude up to $250,000 of gain. How do i amend my 2012 federal tax return However, see Special rules for joint returns , next. How do i amend my 2012 federal tax return Special rules for joint returns. How do i amend my 2012 federal tax return   You can exclude up to $500,000 of the gain on the sale of your main home if all of the following are true. How do i amend my 2012 federal tax return You are married and file a joint return for the year. How do i amend my 2012 federal tax return Either you or your spouse meets the ownership test. How do i amend my 2012 federal tax return Both you and your spouse meet the use test. How do i amend my 2012 federal tax return During the 2-year period ending on the date of the sale, neither you nor your spouse exclude gain from the sale of another home. How do i amend my 2012 federal tax return Sale of home by surviving spouse. How do i amend my 2012 federal tax return   If your spouse died and you did not remarry before the date of sale, you are considered to have owned and lived in the property as your main home during any period of time when your spouse owned and lived in it as a main home. How do i amend my 2012 federal tax return   If you meet all of the following requirements, you may qualify to exclude up to $500,000 of any gain from the sale or exchange of your main home in 2013. How do i amend my 2012 federal tax return The sale or exchange took place no more than 2 years after the date of death of your spouse. How do i amend my 2012 federal tax return You have not remarried. How do i amend my 2012 federal tax return You and your spouse met the use test at the time of your spouse's death. How do i amend my 2012 federal tax return You or your spouse met the ownership test at the time of your spouse's death. How do i amend my 2012 federal tax return Neither you nor your spouse excluded gain from the sale of another home during the last 2 years. How do i amend my 2012 federal tax return Home transferred from spouse. How do i amend my 2012 federal tax return   If your home was transferred to you by your spouse (or former spouse if the transfer was incident to divorce), you are considered to have owned it during any period of time when your spouse owned it. How do i amend my 2012 federal tax return Use of home after divorce. How do i amend my 2012 federal tax return   You are considered to have used property as your main home during any period when: You owned it, and Your spouse or former spouse is allowed to live in it under a divorce or separation instrument and uses it as his or her main home. How do i amend my 2012 federal tax return Business Use or Rental of Home You may be able to exclude gain from the sale of a home that you have used for business or to produce rental income. How do i amend my 2012 federal tax return However, you must meet the ownership and use tests. How do i amend my 2012 federal tax return See Publication 523 for more information. How do i amend my 2012 federal tax return Depreciation after May 6, 1997. How do i amend my 2012 federal tax return   If you were entitled to take depreciation deductions because you used your home for business purposes or as rental property, you cannot exclude the part of your gain equal to any depreciation allowed or allowable as a deduction for periods after May 6, 1997. How do i amend my 2012 federal tax return See Publication 523 for more information. How do i amend my 2012 federal tax return Reporting the Sale Do not report the 2013 sale of your main home on your tax return unless: You have a gain and you do not qualify to exclude all of it, You have a gain and you choose not to exclude it, or You received Form 1099-S. How do i amend my 2012 federal tax return If you have a gain that you cannot or choose not to exclude, if you received a Form 1099-S, or if you have a deductible loss, report the sale on your tax return. How do i amend my 2012 federal tax return Report the sale on Part I or Part II of Form 8949 as a short-term or long-term transaction, depending on how long you owned the home. How do i amend my 2012 federal tax return If you used your home for business or to produce rental income, you may have to use Form 4797, Sales of Business Property, to report the sale of the business or rental part. How do i amend my 2012 federal tax return See Publication 523 for more information. How do i amend my 2012 federal tax return Reverse Mortgages A revers
Print - Click this link to Print this page

How Much is My Standard Deduction?

Information You Will Need:

  • Your age, your spouse's age and filing status
  • Basic income information including amounts and adjusted gross income

Estimated Completion Time: 5 minutes. However: 5 minutes of inactivity will end the interview and you will be forced to start over.

Begin

Page Last Reviewed or Updated: 14-Feb-2014

The How Do I Amend My 2012 Federal Tax Return

How do i amend my 2012 federal tax return Publication 530 - Introductory Material Table of Contents What's New Reminders IntroductionOrdering forms and publications. How do i amend my 2012 federal tax return Tax questions. How do i amend my 2012 federal tax return Useful Items - You may want to see: What's New Simplified method for business use of home deduction. How do i amend my 2012 federal tax return  The IRS now provides a simplified method to determine your expenses for business use of your home. How do i amend my 2012 federal tax return For more information, see the Instructions for Schedule C (Form 1040). How do i amend my 2012 federal tax return Reminders Future developments. How do i amend my 2012 federal tax return  For the latest information about developments related to Publication 530, such as legislation enacted after it was published, go to www. How do i amend my 2012 federal tax return irs. How do i amend my 2012 federal tax return gov/pub530. How do i amend my 2012 federal tax return Residential energy credits. How do i amend my 2012 federal tax return  You may be able to take a credit if you made energy saving improvements to your home located in the United States in 2013. How do i amend my 2012 federal tax return See Form 5695, Residential Energy Credits, for more information. How do i amend my 2012 federal tax return Home Affordable Modification Program (HAMP). How do i amend my 2012 federal tax return  If you benefit from Pay-for-Performance Success Payments, the payments are not taxable under HAMP. How do i amend my 2012 federal tax return Hardest Hit Fund and Emergency Homeowners' Loan Programs. How do i amend my 2012 federal tax return  If you are a homeowner who received assistance under a State Housing Finance Agency Hardest Hit Fund program or an Emergency Homeowners' Loan Program, you may be able to deduct all of the payments you made on your mortgage during the year. How do i amend my 2012 federal tax return For details, see Hardest Hit Fund and Emergency Homeowners' Loan Programs under What You Can and Cannot Deduct, later. How do i amend my 2012 federal tax return Mortgage debt forgiveness. How do i amend my 2012 federal tax return  You can exclude from gross income any discharges of qualified principal residence indebtedness made after 2006 and before 2014. How do i amend my 2012 federal tax return You must reduce the basis of your principal residence (but not below zero) by the amount you exclude. How do i amend my 2012 federal tax return See Discharges of qualified principal residence indebtedness , later, and Form 982, Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis Adjustment), for more information. How do i amend my 2012 federal tax return Repayment of first-time homebuyer credit. How do i amend my 2012 federal tax return  Generally, you must repay any credit you claimed for a home you bought if you disposed of the home or it ceased to be your main home in 2013. How do i amend my 2012 federal tax return If you bought the home in 2008 and you owned and used it as your main home for all of 2013, you generally must continue repaying the credit with your 2013 tax return, but you do not have to attach Form 5405, Repayment of the First-Time Homebuyer Credit. How do i amend my 2012 federal tax return See Form 5405 and its instructions for details and for exceptions to the repayment rule. How do i amend my 2012 federal tax return Photographs of missing children. How do i amend my 2012 federal tax return  The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. How do i amend my 2012 federal tax return Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. How do i amend my 2012 federal tax return You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. How do i amend my 2012 federal tax return Introduction This publication provides tax information for homeowners. How do i amend my 2012 federal tax return Your home may be a house, condominium, cooperative apartment, mobile home, houseboat, or house trailer that contains sleeping space and toilet and cooking facilities. How do i amend my 2012 federal tax return The following topics are explained. How do i amend my 2012 federal tax return How you treat items such as settlement and closing costs, real estate taxes, sales taxes, home mortgage interest, and repairs. How do i amend my 2012 federal tax return What you can and cannot deduct on your tax return. How do i amend my 2012 federal tax return The tax credit you can claim if you received a mortgage credit certificate when you bought your home. How do i amend my 2012 federal tax return Why you should keep track of adjustments to the basis of your home. How do i amend my 2012 federal tax return (Your home's basis generally is what it cost; adjustments include the cost of any improvements you might make. How do i amend my 2012 federal tax return ) What records you should keep as proof of the basis and adjusted basis. How do i amend my 2012 federal tax return Comments and suggestions. How do i amend my 2012 federal tax return   We welcome your comments about this publication and your suggestions for future editions. How do i amend my 2012 federal tax return   You can write to us at the following address: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. How do i amend my 2012 federal tax return NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. How do i amend my 2012 federal tax return Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. How do i amend my 2012 federal tax return   You can send your comments from www. How do i amend my 2012 federal tax return irs. How do i amend my 2012 federal tax return gov/formspubs/. How do i amend my 2012 federal tax return Click on “More Information” and then on “Comment on Tax Forms and Publications”. How do i amend my 2012 federal tax return   Although we cannot respond individually to each comment received, we do appreciate your feedback and will consider your comments as we revise our tax products. How do i amend my 2012 federal tax return Ordering forms and publications. How do i amend my 2012 federal tax return   Visit www. How do i amend my 2012 federal tax return irs. How do i amend my 2012 federal tax return gov/formspubs/ to download forms and publications, call 1-800-TAX-FORM (1-800-829-3676), or write to the address below and receive a response within 10 days after your request is received. How do i amend my 2012 federal tax return Internal Revenue Service 1201 N. How do i amend my 2012 federal tax return Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. How do i amend my 2012 federal tax return   If you have a tax question, check the information available on IRS. How do i amend my 2012 federal tax return gov or call 1-800-829-1040. How do i amend my 2012 federal tax return We cannot answer tax questions sent to either of the above addresses. How do i amend my 2012 federal tax return Useful Items - You may want to see: Publication 523 Selling Your Home 527 Residential Rental Property 547 Casualties, Disasters, and Thefts 551 Basis of Assets 555 Community Property 587 Business Use of Your Home 936 Home Mortgage Interest Deduction Form (and Instructions) 5405 Repayment of the First-Time Homebuyer Credit 5695 Residential Energy Credits 8396 Mortgage Interest Credit See How To Get Tax Help , near the end of this publication, for information about getting publications and forms. How do i amend my 2012 federal tax return Prev  Up  Next   Home   More Online Publications