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Irs Forms Instructions 1040ez

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Irs Forms Instructions 1040ez

Irs forms instructions 1040ez Publication 969 - Main Content Table of Contents Health Savings Accounts (HSAs)Qualifying for an HSA Contributions to an HSA Distributions From an HSA Balance in an HSA Death of HSA Holder Filing Form 8889 Employer Participation Medical Savings Accounts (MSAs)Archer MSAs Contributions to an MSA Distributions From an MSA Balance in an Archer MSA Death of the Archer MSA Holder Filing Form 8853 Employer Participation Medicare Advantage MSAs Flexible Spending Arrangements (FSAs)Qualifying for an FSA Contributions to an FSA Distributions From an FSA Balance in an FSA Employer Participation Health Reimbursement Arrangements (HRAs)Qualifying for an HRA Contributions to an HRA Distributions From an HRA Balance in an HRA Employer Participation How To Get Tax HelpLow Income Taxpayer Clinics Health Savings Accounts (HSAs) A health savings account (HSA) is a tax-exempt trust or custodial account you set up with a qualified HSA trustee to pay or reimburse certain medical expenses you incur. Irs forms instructions 1040ez You must be an eligible individual to qualify for an HSA. Irs forms instructions 1040ez No permission or authorization from the IRS is necessary to establish an HSA. Irs forms instructions 1040ez You set up an HSA with a trustee. Irs forms instructions 1040ez A qualified HSA trustee can be a bank, an insurance company, or anyone already approved by the IRS to be a trustee of individual retirement arrangements (IRAs) or Archer MSAs. Irs forms instructions 1040ez The HSA can be established through a trustee that is different from your health plan provider. Irs forms instructions 1040ez Your employer may already have some information on HSA trustees in your area. Irs forms instructions 1040ez If you have an Archer MSA, you can generally roll it over into an HSA tax free. Irs forms instructions 1040ez See Rollovers, later. Irs forms instructions 1040ez What are the benefits of an HSA?   You may enjoy several benefits from having an HSA. Irs forms instructions 1040ez You can claim a tax deduction for contributions you, or someone other than your employer, make to your HSA even if you do not itemize your deductions on Form 1040. Irs forms instructions 1040ez Contributions to your HSA made by your employer (including contributions made through a cafeteria plan) may be excluded from your gross income. Irs forms instructions 1040ez The contributions remain in your account until you use them. Irs forms instructions 1040ez The interest or other earnings on the assets in the account are tax free. Irs forms instructions 1040ez Distributions may be tax free if you pay qualified medical expenses. Irs forms instructions 1040ez See Qualified medical expenses , later. Irs forms instructions 1040ez An HSA is “portable. Irs forms instructions 1040ez ” It stays with you if you change employers or leave the work force. Irs forms instructions 1040ez Qualifying for an HSA To be an eligible individual and qualify for an HSA, you must meet the following requirements. Irs forms instructions 1040ez You must be covered under a high deductible health plan (HDHP), described later, on the first day of the month. Irs forms instructions 1040ez You have no other health coverage except what is permitted under Other health coverage , later. Irs forms instructions 1040ez You are not enrolled in Medicare. Irs forms instructions 1040ez You cannot be claimed as a dependent on someone else's 2013 tax return. Irs forms instructions 1040ez Under the last-month rule, you are considered to be an eligible individual for the entire year if you are an eligible individual on the first day of the last month of your tax year (December 1 for most taxpayers). Irs forms instructions 1040ez If you meet these requirements, you are an eligible individual even if your spouse has non-HDHP family coverage, provided your spouse's coverage does not cover you. Irs forms instructions 1040ez If another taxpayer is entitled to claim an exemption for you, you cannot claim a deduction for an HSA contribution. Irs forms instructions 1040ez This is true even if the other person does not actually claim your exemption. Irs forms instructions 1040ez Each spouse who is an eligible individual who wants an HSA must open a separate HSA. Irs forms instructions 1040ez You cannot have a joint HSA. Irs forms instructions 1040ez High deductible health plan (HDHP). Irs forms instructions 1040ez   An HDHP has: A higher annual deductible than typical health plans, and A maximum limit on the sum of the annual deductible and out-of-pocket medical expenses that you must pay for covered expenses. Irs forms instructions 1040ez Out-of-pocket expenses include copayments and other amounts, but do not include premiums. Irs forms instructions 1040ez   An HDHP may provide preventive care benefits without a deductible or with a deductible less than the minimum annual deductible. Irs forms instructions 1040ez Preventive care includes, but is not limited to, the following. Irs forms instructions 1040ez Periodic health evaluations, including tests and diagnostic procedures ordered in connection with routine examinations, such as annual physicals. Irs forms instructions 1040ez Routine prenatal and well-child care. Irs forms instructions 1040ez Child and adult immunizations. Irs forms instructions 1040ez Tobacco cessation programs. Irs forms instructions 1040ez Obesity weight-loss programs. Irs forms instructions 1040ez Screening services. Irs forms instructions 1040ez This includes screening services for the following: Cancer. Irs forms instructions 1040ez Heart and vascular diseases. Irs forms instructions 1040ez Infectious diseases. Irs forms instructions 1040ez Mental health conditions. Irs forms instructions 1040ez Substance abuse. Irs forms instructions 1040ez Metabolic, nutritional, and endocrine conditions. Irs forms instructions 1040ez Musculoskeletal disorders. Irs forms instructions 1040ez Obstetric and gynecological conditions. Irs forms instructions 1040ez Pediatric conditions. Irs forms instructions 1040ez Vision and hearing disorders. Irs forms instructions 1040ez For more information on screening services, see Notice 2004-23, 2004-15 I. Irs forms instructions 1040ez R. Irs forms instructions 1040ez B. Irs forms instructions 1040ez 725 available at www. Irs forms instructions 1040ez irs. Irs forms instructions 1040ez gov/irb/2004-15_IRB/ar10. Irs forms instructions 1040ez html. Irs forms instructions 1040ez     The following table shows the minimum annual deductible and maximum annual deductible and other out-of-pocket expenses for HDHPs for 2013. Irs forms instructions 1040ez      Self-only coverage Family coverage Minimum annual deductible $1,250 $2,500 Maximum annual deductible and other out-of-pocket expenses* $6,250 $12,500 * This limit does not apply to deductibles and expenses for out-of-network services if the plan uses a network of providers. Irs forms instructions 1040ez Instead, only deductibles and out-of-pocket expenses for services within the network should be used to figure whether the limit applies. Irs forms instructions 1040ez    The following table shows the minimum annual deductible and maximum annual deductible and other out-of-pocket expenses for HDHPs for 2014. Irs forms instructions 1040ez      Self-only coverage Family coverage Minimum annual deductible $1,250 $2,500 Maximum annual deductible and other out-of-pocket expenses* $6,350 $12,700 * This limit does not apply to deductibles and expenses for out-of-network services if the plan uses a network of providers. Irs forms instructions 1040ez Instead, only deductibles and out-of-pocket expenses for services within the network should be used to figure whether the limit applies. Irs forms instructions 1040ez   Self-only HDHP coverage is an HDHP covering only an eligible individual. Irs forms instructions 1040ez Family HDHP coverage is an HDHP covering an eligible individual and at least one other individual (whether or not that individual is an eligible individual). Irs forms instructions 1040ez Example. Irs forms instructions 1040ez An eligible individual and his dependent child are covered under an “employee plus one” HDHP offered by the individual's employer. Irs forms instructions 1040ez This is family HDHP coverage. Irs forms instructions 1040ez Family plans that do not meet the high deductible rules. Irs forms instructions 1040ez   There are some family plans that have deductibles for both the family as a whole and for individual family members. Irs forms instructions 1040ez Under these plans, if you meet the individual deductible for one family member, you do not have to meet the higher annual deductible amount for the family. Irs forms instructions 1040ez If either the deductible for the family as a whole or the deductible for an individual family member is less than the minimum annual deductible for family coverage, the plan does not qualify as an HDHP. Irs forms instructions 1040ez Example. Irs forms instructions 1040ez You have family health insurance coverage in 2013. Irs forms instructions 1040ez The annual deductible for the family plan is $3,500. Irs forms instructions 1040ez This plan also has an individual deductible of $1,500 for each family member. Irs forms instructions 1040ez The plan does not qualify as an HDHP because the deductible for an individual family member is less than the minimum annual deductible ($2,500) for family coverage. Irs forms instructions 1040ez Other health coverage. Irs forms instructions 1040ez   You (and your spouse, if you have family coverage) generally cannot have any other health coverage that is not an HDHP. Irs forms instructions 1040ez However, you can still be an eligible individual even if your spouse has non-HDHP coverage provided you are not covered by that plan. Irs forms instructions 1040ez    You can have additional insurance that provides benefits only for the following items. Irs forms instructions 1040ez Liabilities incurred under workers' compensation laws, tort liabilities, or liabilities related to ownership or use of property. Irs forms instructions 1040ez A specific disease or illness. Irs forms instructions 1040ez A fixed amount per day (or other period) of hospitalization. Irs forms instructions 1040ez   You can also have coverage (whether provided through insurance or otherwise) for the following items. Irs forms instructions 1040ez Accidents. Irs forms instructions 1040ez Disability. Irs forms instructions 1040ez Dental care. Irs forms instructions 1040ez Vision care. Irs forms instructions 1040ez Long-term care. Irs forms instructions 1040ez    Plans in which substantially all of the coverage is through the items listed earlier are not HDHPs. Irs forms instructions 1040ez For example, if your plan provides coverage substantially all of which is for a specific disease or illness, the plan is not an HDHP for purposes of establishing an HSA. Irs forms instructions 1040ez Prescription drug plans. Irs forms instructions 1040ez   You can have a prescription drug plan, either as part of your HDHP or a separate plan (or rider), and qualify as an eligible individual if the plan does not provide benefits until the minimum annual deductible of the HDHP has been met. Irs forms instructions 1040ez If you can receive benefits before that deductible is met, you are not an eligible individual. Irs forms instructions 1040ez Other employee health plans. Irs forms instructions 1040ez   An employee covered by an HDHP and a health FSA or an HRA that pays or reimburses qualified medical expenses generally cannot make contributions to an HSA. Irs forms instructions 1040ez Health FSAs and HRAs are discussed later. Irs forms instructions 1040ez   However, an employee can make contributions to an HSA while covered under an HDHP and one or more of the following arrangements. Irs forms instructions 1040ez Limited-purpose health FSA or HRA. Irs forms instructions 1040ez These arrangements can pay or reimburse the items listed earlier under Other health coverage except long-term care. Irs forms instructions 1040ez Also, these arrangements can pay or reimburse preventive care expenses because they can be paid without having to satisfy the deductible. Irs forms instructions 1040ez Suspended HRA. Irs forms instructions 1040ez Before the beginning of an HRA coverage period, you can elect to suspend the HRA. Irs forms instructions 1040ez The HRA does not pay or reimburse, at any time, the medical expenses incurred during the suspension period except preventive care and items listed under Other health coverage. Irs forms instructions 1040ez When the suspension period ends, you are no longer eligible to make contributions to an HSA. Irs forms instructions 1040ez Post-deductible health FSA or HRA. Irs forms instructions 1040ez These arrangements do not pay or reimburse any medical expenses incurred before the minimum annual deductible amount is met. Irs forms instructions 1040ez The deductible for these arrangements does not have to be the same as the deductible for the HDHP, but benefits may not be provided before the minimum annual deductible amount is met. Irs forms instructions 1040ez Retirement HRA. Irs forms instructions 1040ez This arrangement pays or reimburses only those medical expenses incurred after retirement. Irs forms instructions 1040ez After retirement you are no longer eligible to make contributions to an HSA. Irs forms instructions 1040ez Health FSA – grace period. Irs forms instructions 1040ez   Coverage during a grace period by a general purpose health FSA is allowed if the balance in the health FSA at the end of its prior year plan is zero. Irs forms instructions 1040ez See Flexible Spending Arrangements (FSAs) , later. Irs forms instructions 1040ez Contributions to an HSA Any eligible individual can contribute to an HSA. Irs forms instructions 1040ez For an employee's HSA, the employee, the employee's employer, or both may contribute to the employee's HSA in the same year. Irs forms instructions 1040ez For an HSA established by a self-employed (or unemployed) individual, the individual can contribute. Irs forms instructions 1040ez Family members or any other person may also make contributions on behalf of an eligible individual. Irs forms instructions 1040ez Contributions to an HSA must be made in cash. Irs forms instructions 1040ez Contributions of stock or property are not allowed. Irs forms instructions 1040ez Limit on Contributions The amount you or any other person can contribute to your HSA depends on the type of HDHP coverage you have, your age, the date you become an eligible individual, and the date you cease to be an eligible individual. Irs forms instructions 1040ez For 2013, if you have self-only HDHP coverage, you can contribute up to $3,250. Irs forms instructions 1040ez If you have family HDHP coverage, you can contribute up to $6,450. Irs forms instructions 1040ez For 2014, if you have self-only HDHP coverage, you can contribute up to $3,300. Irs forms instructions 1040ez If you have family HDHP coverage you can contribute up to $6,550. Irs forms instructions 1040ez If you were, or were considered (under the last-month rule, discussed later), an eligible individual for the entire year and did not change your type of coverage, you can contribute the full amount based on your type of coverage. Irs forms instructions 1040ez However, if you were not an eligible individual for the entire year or changed your coverage during the year, your contribution limit is the greater of: The limitation shown on the Line 3 Limitation Chart and Worksheetin the Instructions for Form 8889, Health Savings Accounts (HSAs), or The maximum annual HSA contribution based on your HDHP coverage (self-only or family) on the first day of the last month of your tax year. Irs forms instructions 1040ez If you had family HDHP coverage on the first day of the last month of your tax year, your contribution limit for 2013 is $6,450 even if you changed coverage during the year. Irs forms instructions 1040ez Last-month rule. Irs forms instructions 1040ez   Under the last-month rule, if you are an eligible individual on the first day of the last month of your tax year (December 1 for most taxpayers), you are considered an eligible individual for the entire year. Irs forms instructions 1040ez You are treated as having the same HDHP coverage for the entire year as you had on the first day of the last month. Irs forms instructions 1040ez Testing period. Irs forms instructions 1040ez   If contributions were made to your HSA based on you being an eligible individual for the entire year under the last-month rule, you must remain an eligible individual during the testing period. Irs forms instructions 1040ez For the last-month rule, the testing period begins with the last month of your tax year and ends on the last day of the 12th month following that month. Irs forms instructions 1040ez For example, December 1, 2013, through December 31, 2014. Irs forms instructions 1040ez   If you fail to remain an eligible individual during the testing period, other than because of death or becoming disabled, you will have to include in income the total contributions made to your HSA that would not have been made except for the last-month rule. Irs forms instructions 1040ez You include this amount in your income in the year in which you fail to be an eligible individual. Irs forms instructions 1040ez This amount is also subject to a 10% additional tax. Irs forms instructions 1040ez The income and additional tax are shown on Form 8889, Part III. Irs forms instructions 1040ez Example 1. Irs forms instructions 1040ez Chris, age 53, becomes an eligible individual on December 1, 2013. Irs forms instructions 1040ez He has family HDHP coverage on that date. Irs forms instructions 1040ez Under the last-month rule, he contributes $6,450 to his HSA. Irs forms instructions 1040ez Chris fails to be an eligible individual in June 2014. Irs forms instructions 1040ez Because Chris did not remain an eligible individual during the testing period (December 1, 2013, through December 31, 2014), he must include in his 2014 income the contributions made in 2013 that would not have been made except for the last-month rule. Irs forms instructions 1040ez Chris uses the worksheet in the Form 8889 instructions to determine this amount. Irs forms instructions 1040ez January -0- February -0- March -0- April -0- May -0- June -0- July -0- August -0- September -0- October -0- November -0- December $6,450. Irs forms instructions 1040ez 00 Total for all months $6,450. Irs forms instructions 1040ez 00 Limitation. Irs forms instructions 1040ez Divide the total by 12 $537. Irs forms instructions 1040ez 50 Chris would include $5,912. Irs forms instructions 1040ez 50 ($6,450. Irs forms instructions 1040ez 00 – $537. Irs forms instructions 1040ez 50) in his gross income on his 2014 tax return. Irs forms instructions 1040ez Also, a 10% additional tax applies to this amount. Irs forms instructions 1040ez Example 2. Irs forms instructions 1040ez Erika, age 39, has self-only HDHP coverage on January 1, 2013. Irs forms instructions 1040ez Erika changes to family HDHP coverage on November 1, 2013. Irs forms instructions 1040ez Because Erika has family HDHP coverage on December 1, 2013, she contributes $6,450 for 2013. Irs forms instructions 1040ez Erika fails to be an eligible individual in March 2014. Irs forms instructions 1040ez Because she did not remain an eligible individual during the testing period (December 1, 2013, through December 31, 2014), she must include in income the contribution made that would not have been made except for the last-month rule. Irs forms instructions 1040ez Erika uses the worksheet in the Form 8889 instructions to determine this amount. Irs forms instructions 1040ez January $3,250. Irs forms instructions 1040ez 00 February $3,250. Irs forms instructions 1040ez 00 March $3,250. Irs forms instructions 1040ez 00 April $3,250. Irs forms instructions 1040ez 00 May $3,250. Irs forms instructions 1040ez 00 June $3,250. Irs forms instructions 1040ez 00 July $3,250. Irs forms instructions 1040ez 00 August $3,250. Irs forms instructions 1040ez 00 September $3,250. Irs forms instructions 1040ez 00 October $3,250. Irs forms instructions 1040ez 00 November $6,450. Irs forms instructions 1040ez 00 December $6,450. Irs forms instructions 1040ez 00 Total for all months $45,400. Irs forms instructions 1040ez 00 Limitation. Irs forms instructions 1040ez Divide the total by 12 $3,783. Irs forms instructions 1040ez 34 Erika would include $2,666. Irs forms instructions 1040ez 67 ($6,450 – $3,783. Irs forms instructions 1040ez 34) in her gross income on her 2014 tax return. Irs forms instructions 1040ez Also, a 10% additional tax applies to this amount. Irs forms instructions 1040ez Additional contribution. Irs forms instructions 1040ez   If you are an eligible individual who is age 55 or older at the end of your tax year, your contribution limit is increased by $1,000. Irs forms instructions 1040ez For example, if you have self-only coverage, you can contribute up to $4,250 (the contribution limit for self-only coverage ($3,250) plus the additional contribution of $1,000). Irs forms instructions 1040ez However, see Enrolled in Medicare , later. Irs forms instructions 1040ez If you have more than one HSA in 2013, your total contributions to all the HSAs cannot be more than the limits discussed earlier. Irs forms instructions 1040ez Reduction of contribution limit. Irs forms instructions 1040ez   You must reduce the amount that can be contributed (including any additional contribution) to your HSA by the amount of any contribution made to your Archer MSA (including employer contributions) for the year. Irs forms instructions 1040ez A special rule applies to married people, discussed next, if each spouse has family coverage under an HDHP. Irs forms instructions 1040ez Rules for married people. Irs forms instructions 1040ez   If either spouse has family HDHP coverage, both spouses are treated as having family HDHP coverage. Irs forms instructions 1040ez If each spouse has family coverage under a separate plan, the contribution limit for 2013 is $6,450. Irs forms instructions 1040ez You must reduce the limit on contributions, before taking into account any additional contributions, by the amount contributed to both spouses' Archer MSAs. Irs forms instructions 1040ez After that reduction, the contribution limit is split equally between the spouses unless you agree on a different division. Irs forms instructions 1040ez The rules for married people apply only if both spouses are eligible individuals. Irs forms instructions 1040ez If both spouses are 55 or older and not enrolled in Medicare, each spouse's contribution limit is increased by the additional contribution. Irs forms instructions 1040ez If both spouses meet the age requirement, the total contributions under family coverage cannot be more than $8,450. Irs forms instructions 1040ez Each spouse must make the additional contribution to his or her own HSA. Irs forms instructions 1040ez Example. Irs forms instructions 1040ez For 2013, Mr. Irs forms instructions 1040ez Auburn and his wife are both eligible individuals. Irs forms instructions 1040ez They each have family coverage under separate HDHPs. Irs forms instructions 1040ez Mr. Irs forms instructions 1040ez Auburn is 58 years old and Mrs. Irs forms instructions 1040ez Auburn is 53. Irs forms instructions 1040ez Mr. Irs forms instructions 1040ez and Mrs. Irs forms instructions 1040ez Auburn can split the family contribution limit ($6,450) equally or they can agree on a different division. Irs forms instructions 1040ez If they split it equally, Mr. Irs forms instructions 1040ez Auburn can contribute $4,225 to an HSA (one-half the maximum contribution for family coverage ($3,225) + $1,000 additional contribution) and Mrs. Irs forms instructions 1040ez Auburn can contribute $3,225 to an HSA. Irs forms instructions 1040ez Employer contributions. Irs forms instructions 1040ez   You must reduce the amount you, or any other person, can contribute to your HSA by the amount of any contributions made by your employer that are excludable from your income. Irs forms instructions 1040ez This includes amounts contributed to your account by your employer through a cafeteria plan. Irs forms instructions 1040ez Enrolled in Medicare. Irs forms instructions 1040ez   Beginning with the first month you are enrolled in Medicare, your contribution limit is zero. Irs forms instructions 1040ez Example. Irs forms instructions 1040ez You turned age 65 in July 2013 and enrolled in Medicare. Irs forms instructions 1040ez You had an HDHP with self-only coverage and are eligible for an additional contribution of $1,000. Irs forms instructions 1040ez Your contribution limit is $2,125 ($4,250 × 6 ÷ 12). Irs forms instructions 1040ez Qualified HSA funding distribution. Irs forms instructions 1040ez   A qualified HSA funding distribution may be made from your traditional IRA or Roth IRA to your HSA. Irs forms instructions 1040ez This distribution cannot be made from an ongoing SEP IRA or SIMPLE IRA. Irs forms instructions 1040ez For this purpose, a SEP IRA or SIMPLE IRA is ongoing if an employer contribution is made for the plan year ending with or within your tax year in which the distribution would be made. Irs forms instructions 1040ez   The maximum qualified HSA funding distribution depends on the HDHP coverage (self-only or family) you have on the first day of the month in which the contribution is made and your age as of the end of the tax year. Irs forms instructions 1040ez The distribution must be made directly by the trustee of the IRA to the trustee of the HSA. Irs forms instructions 1040ez The distribution is not included in your income, is not deductible, and reduces the amount that can be contributed to your HSA. Irs forms instructions 1040ez The qualified HSA funding distribution is shown on Form 8889 for the year in which the distribution is made. Irs forms instructions 1040ez   You can make only one qualified HSA funding distribution during your lifetime. Irs forms instructions 1040ez However, if you make a distribution during a month when you have self-only HDHP coverage, you can make another qualified HSA funding distribution in a later month in that tax year if you change to family HDHP coverage. Irs forms instructions 1040ez The total qualified HSA funding distribution cannot be more than the contribution limit for family HDHP coverage plus any additional contribution to which you are entitled. Irs forms instructions 1040ez Example. Irs forms instructions 1040ez In 2013, you are an eligible individual, age 57, with self-only HDHP coverage. Irs forms instructions 1040ez You can make a qualified HSA funding distribution of $4,250 ($3,250 plus $1,000 additional contribution). Irs forms instructions 1040ez Funding distribution – testing period. Irs forms instructions 1040ez   You must remain an eligible individual during the testing period. Irs forms instructions 1040ez For a qualified HSA funding distribution, the testing period begins with the month in which the qualified HSA funding distribution is contributed and ends on the last day of the 12th month following that month. Irs forms instructions 1040ez For example, if a qualified HSA funding distribution is contributed to your HSA on August 10, 2013, your testing period begins in August 2013, and ends on August 31, 2014. Irs forms instructions 1040ez   If you fail to remain an eligible individual during the testing period, other than because of death or becoming disabled, you will have to include in income the qualified HSA funding distribution. Irs forms instructions 1040ez You include this amount in income in the year in which you fail to be an eligible individual. Irs forms instructions 1040ez This amount is also subject to a 10% additional tax. Irs forms instructions 1040ez The income and the additional tax are shown on Form 8889, Part III. Irs forms instructions 1040ez   Each qualified HSA funding distribution allowed has its own testing period. Irs forms instructions 1040ez For example, you are an eligible individual, age 45, with self-only HDHP coverage. Irs forms instructions 1040ez On June 18, 2013, you make a qualified HSA funding distribution of $3,250. Irs forms instructions 1040ez On July 27, 2013, you enroll in family HDHP coverage and on August 17, 2013, you make a qualified HSA funding distribution of $3,200. Irs forms instructions 1040ez Your testing period for the first distribution begins in June 2013 and ends on June 30, 2014. Irs forms instructions 1040ez Your testing period for the second distribution begins in August 2013 and ends on August 31, 2014. Irs forms instructions 1040ez   The testing period rule that applies under the last-month rule (discussed earlier) does not apply to amounts contributed to an HSA through a qualified HSA funding distribution. Irs forms instructions 1040ez If you remain an eligible individual during the entire funding distribution testing period, then no amount of that distribution is included in income and will not be subject to the additional tax for failing to meet the last-month rule testing period. Irs forms instructions 1040ez Rollovers A rollover contribution is not included in your income, is not deductible, and does not reduce your contribution limit. Irs forms instructions 1040ez Archer MSAs and other HSAs. Irs forms instructions 1040ez   You can roll over amounts from Archer MSAs and other HSAs into an HSA. Irs forms instructions 1040ez You do not have to be an eligible individual to make a rollover contribution from your existing HSA to a new HSA. Irs forms instructions 1040ez Rollover contributions do not need to be in cash. Irs forms instructions 1040ez Rollovers are not subject to the annual contribution limits. Irs forms instructions 1040ez   You must roll over the amount within 60 days after the date of receipt. Irs forms instructions 1040ez You can make only one rollover contribution to an HSA during a 1-year period. Irs forms instructions 1040ez Note. Irs forms instructions 1040ez If you instruct the trustee of your HSA to transfer funds directly to the trustee of another of your HSAs, the transfer is not considered a rollover. Irs forms instructions 1040ez There is no limit on the number of these transfers. Irs forms instructions 1040ez Do not include the amount transferred in income, deduct it as a contribution, or include it as a distribution on Form 8889. Irs forms instructions 1040ez When To Contribute You can make contributions to your HSA for 2013 until April 15, 2014. Irs forms instructions 1040ez If you fail to be an eligible individual during 2013, you can still make contributions, up until April 15, 2014, for the months you were an eligible individual. Irs forms instructions 1040ez Your employer can make contributions to your HSA between January 1, 2014, and April 15, 2014, that are allocated to 2013. Irs forms instructions 1040ez Your employer must notify you and the trustee of your HSA that the contribution is for 2013. Irs forms instructions 1040ez The contribution will be reported on your 2014 Form W-2. Irs forms instructions 1040ez Reporting Contributions on Your Return Contributions made by your employer are not included in your income. Irs forms instructions 1040ez Contributions to an employee's account by an employer using the amount of an employee's salary reduction through a cafeteria plan are treated as employer contributions. Irs forms instructions 1040ez Generally, you can claim contributions you made and contributions made by any other person, other than your employer, on your behalf, as an adjustment to income. Irs forms instructions 1040ez Contributions by a partnership to a bona fide partner's HSA are not contributions by an employer. Irs forms instructions 1040ez The contributions are treated as a distribution of money and are not included in the partner's gross income. Irs forms instructions 1040ez Contributions by a partnership to a partner's HSA for services rendered are treated as guaranteed payments that are deductible by the partnership and includible in the partner's gross income. Irs forms instructions 1040ez In both situations, the partner can deduct the contribution made to the partner's HSA. Irs forms instructions 1040ez Contributions by an S corporation to a 2% shareholder-employee's HSA for services rendered are treated as guaranteed payments and are deductible by the S corporation and includible in the shareholder-employee's gross income. Irs forms instructions 1040ez The shareholder-employee can deduct the contribution made to the shareholder-employee's HSA. Irs forms instructions 1040ez Form 8889. Irs forms instructions 1040ez   Report all contributions to your HSA on Form 8889 and file it with your Form 1040 or Form 1040NR. Irs forms instructions 1040ez You should include all contributions made for 2013, including those made by April 15, 2014, that are designated for 2013. Irs forms instructions 1040ez Contributions made by your employer and qualified HSA funding distributions are also shown on the form. Irs forms instructions 1040ez   You should receive Form 5498-SA, HSA, Archer MSA, or Medicare Advantage MSA Information, from the trustee showing the amount contributed to your HSA during the year. Irs forms instructions 1040ez Your employer's contributions also will be shown in box 12 of Form W-2, Wage and Tax Statement, with code W. Irs forms instructions 1040ez Follow the instructions for Form 8889. Irs forms instructions 1040ez Report your HSA deduction on Form 1040 or Form 1040NR. Irs forms instructions 1040ez Excess contributions. Irs forms instructions 1040ez   You will have excess contributions if the contributions to your HSA for the year are greater than the limits discussed earlier. Irs forms instructions 1040ez Excess contributions are not deductible. Irs forms instructions 1040ez Excess contributions made by your employer are included in your gross income. Irs forms instructions 1040ez If the excess contribution is not included in box 1 of Form W-2, you must report the excess as “Other income” on your tax return. Irs forms instructions 1040ez   Generally, you must pay a 6% excise tax on excess contributions. Irs forms instructions 1040ez See Form 5329, Additional Taxes on Qualified Plans (including IRAs) and Other Tax-Favored Accounts, to figure the excise tax. Irs forms instructions 1040ez The excise tax applies to each tax year the excess contribution remains in the account. Irs forms instructions 1040ez   You may withdraw some or all of the excess contributions and not pay the excise tax on the amount withdrawn if you meet the following conditions. Irs forms instructions 1040ez You withdraw the excess contributions by the due date, including extensions, of your tax return for the year the contributions were made. Irs forms instructions 1040ez You withdraw any income earned on the withdrawn contributions and include the earnings in “Other income” on your tax return for the year you withdraw the contributions and earnings. Irs forms instructions 1040ez If you fail to remain an eligible individual during any of the testing periods, discussed earlier, the amount you have to include in income is not an excess contribution. Irs forms instructions 1040ez If you withdraw any of those amounts, the amount is treated the same as any other distribution from an HSA, discussed later. Irs forms instructions 1040ez Deducting an excess contribution in a later year. Irs forms instructions 1040ez   You may be able to deduct excess contributions for previous years that are still in your HSA. Irs forms instructions 1040ez The excess contribution you can deduct for the current year is the lesser of the following two amounts. Irs forms instructions 1040ez Your maximum HSA contribution limit for the year minus any amounts contributed to your HSA for the year. Irs forms instructions 1040ez The total excess contributions in your HSA at the beginning of the year. Irs forms instructions 1040ez   Amounts contributed for the year include contributions by you, your employer, and any other person. Irs forms instructions 1040ez They also include any qualified HSA funding distribution made to your HSA. Irs forms instructions 1040ez Any excess contribution remaining at the end of a tax year is subject to the excise tax. Irs forms instructions 1040ez See Form 5329. Irs forms instructions 1040ez Distributions From an HSA You will generally pay medical expenses during the year without being reimbursed by your HDHP until you reach the annual deductible for the plan. Irs forms instructions 1040ez When you pay medical expenses during the year that are not reimbursed by your HDHP, you can ask the trustee of your HSA to send you a distribution from your HSA. Irs forms instructions 1040ez You can receive tax-free distributions from your HSA to pay or be reimbursed for qualified medical expenses you incur after you establish the HSA. Irs forms instructions 1040ez If you receive distributions for other reasons, the amount you withdraw will be subject to income tax and may be subject to an additional 20% tax. Irs forms instructions 1040ez You do not have to make distributions from your HSA each year. Irs forms instructions 1040ez If you are no longer an eligible individual, you can still receive tax-free distributions to pay or reimburse your qualified medical expenses. Irs forms instructions 1040ez Generally, a distribution is money you get from your health savings account. Irs forms instructions 1040ez Your total distributions include amounts paid with a debit card that restricts payments to health care and amounts withdrawn from the HSA by other individuals that you have designated. Irs forms instructions 1040ez The trustee will report any distribution to you and the IRS on Form 1099-SA, Distributions From an HSA, Archer MSA, or Medicare Advantage MSA. Irs forms instructions 1040ez Qualified medical expenses. Irs forms instructions 1040ez   Qualified medical expenses are those expenses that would generally qualify for the medical and dental expenses deduction. Irs forms instructions 1040ez These are explained in Publication 502, Medical and Dental Expenses. Irs forms instructions 1040ez   Also, non-prescription medicines (other than insulin) are not considered qualified medical expenses for HSA purposes. Irs forms instructions 1040ez A medicine or drug will be a qualified medical expense for HSA purposes only if the medicine or drug: Requires a prescription, Is available without a prescription (an over-the-counter medicine or drug) and you get a prescription for it, or Is insulin. Irs forms instructions 1040ez   For HSA purposes, expenses incurred before you establish your HSA are not qualified medical expenses. Irs forms instructions 1040ez State law determines when an HSA is established. Irs forms instructions 1040ez An HSA that is funded by amounts rolled over from an Archer MSA or another HSA is established on the date the prior account was established. Irs forms instructions 1040ez   If, under the last-month rule, you are considered to be an eligible individual for the entire year for determining the contribution amount, only those expenses incurred after you actually establish your HSA are qualified medical expenses. Irs forms instructions 1040ez   Qualified medical expenses are those incurred by the following persons. Irs forms instructions 1040ez You and your spouse. Irs forms instructions 1040ez All dependents you claim on your tax return. Irs forms instructions 1040ez Any person you could have claimed as a dependent on your return except that: The person filed a joint return, The person had gross income of $3,900 or more, or You, or your spouse if filing jointly, could be claimed as a dependent on someone else's 2013 return. Irs forms instructions 1040ez    For this purpose, a child of parents that are divorced, separated, or living apart for the last 6 months of the calendar year is treated as the dependent of both parents whether or not the custodial parent releases the claim to the child's exemption. Irs forms instructions 1040ez You cannot deduct qualified medical expenses as an itemized deduction on Schedule A (Form 1040) that are equal to the tax-free distribution from your HSA. Irs forms instructions 1040ez Insurance premiums. Irs forms instructions 1040ez   You cannot treat insurance premiums as qualified medical expenses unless the premiums are for: Long-term care insurance. Irs forms instructions 1040ez Health care continuation coverage (such as coverage under COBRA). Irs forms instructions 1040ez Health care coverage while receiving unemployment compensation under federal or state law. Irs forms instructions 1040ez Medicare and other health care coverage if you were 65 or older (other than premiums for a Medicare supplemental policy, such as Medigap). Irs forms instructions 1040ez   The premiums for long-term care insurance (item (1)) that you can treat as qualified medical expenses are subject to limits based on age and are adjusted annually. Irs forms instructions 1040ez See Limit on long-term care premiums you can deduct in the instructions for Schedule A (Form 1040). Irs forms instructions 1040ez   Items (2) and (3) can be for your spouse or a dependent meeting the requirement for that type of coverage. Irs forms instructions 1040ez For item (4), if you, the account beneficiary, are not 65 or older, Medicare premiums for coverage of your spouse or a dependent (who is 65 or older) generally are not qualified medical expenses. Irs forms instructions 1040ez Health coverage tax credit. Irs forms instructions 1040ez   You cannot claim this credit for premiums that you pay with a tax-free distribution from your HSA. Irs forms instructions 1040ez See Publication 502 for more information on this credit. Irs forms instructions 1040ez Deemed distributions from HSAs. Irs forms instructions 1040ez   The following situations result in deemed taxable distributions from your HSA. Irs forms instructions 1040ez You engaged in any transaction prohibited by section 4975 with respect to any of your HSAs, at any time in 2013. Irs forms instructions 1040ez Your account ceases to be an HSA as of January 1, 2013, and you must include the fair market value of all assets in the account as of January 1, 2013, on Form 8889. Irs forms instructions 1040ez You used any portion of any of your HSAs as security for a loan at any time in 2013. Irs forms instructions 1040ez You must include the fair market value of the assets used as security for the loan as income on Form 1040 or Form 1040NR. Irs forms instructions 1040ez   Examples of prohibited transactions include the direct or indirect: Sale, exchange, or leasing of property between you and the HSA, Lending of money between you and the HSA, Furnishing goods, services, or facilities between you and the HSA, and Transfer to or use by you, or for your benefit, of any assets of the HSA. Irs forms instructions 1040ez   Any deemed distribution will not be treated as used to pay qualified medical expenses. Irs forms instructions 1040ez These distributions are included in your income and are subject to the additional 20% tax, discussed later. Irs forms instructions 1040ez Recordkeeping. Irs forms instructions 1040ez You must keep records sufficient to show that: The distributions were exclusively to pay or reimburse qualified medical expenses, The qualified medical expenses had not been previously paid or reimbursed from another source, and The medical expenses had not been taken as an itemized deduction in any year. Irs forms instructions 1040ez Do not send these records with your tax return. Irs forms instructions 1040ez Keep them with your tax records. Irs forms instructions 1040ez Reporting Distributions on Your Return How you report your distributions depends on whether or not you use the distribution for qualified medical expenses (defined earlier). Irs forms instructions 1040ez If you use a distribution from your HSA for qualified medical expenses, you do not pay tax on the distribution but you have to report the distribution on Form 8889. Irs forms instructions 1040ez However, the distribution of an excess contribution taken out after the due date, including extensions, of your return is subject to tax even if used for qualified medical expenses. Irs forms instructions 1040ez Follow the instructions for the form and file it with your Form 1040 or Form 1040NR. Irs forms instructions 1040ez If you do not use a distribution from your HSA for qualified medical expenses, you must pay tax on the distribution. Irs forms instructions 1040ez Report the amount on Form 8889 and file it with your Form 1040 or Form 1040NR. Irs forms instructions 1040ez You may have to pay an additional 20% tax on your taxable distribution. Irs forms instructions 1040ez HSA administration and maintenance fees withdrawn by the trustee are not reported as distributions from the HSA. Irs forms instructions 1040ez Additional tax. Irs forms instructions 1040ez   There is an additional 20% tax on the part of your distributions not used for qualified medical expenses. Irs forms instructions 1040ez Figure the tax on Form 8889 and file it with your Form 1040 or Form 1040NR. Irs forms instructions 1040ez Exceptions. Irs forms instructions 1040ez   There is no additional tax on distributions made after the date you are disabled, reach age 65, or die. Irs forms instructions 1040ez Balance in an HSA An HSA is generally exempt from tax. Irs forms instructions 1040ez You are permitted to take a distribution from your HSA at any time; however, only those amounts used exclusively to pay for qualified medical expenses are tax free. Irs forms instructions 1040ez Amounts that remain at the end of the year are generally carried over to the next year (see Excess contributions , earlier). Irs forms instructions 1040ez Earnings on amounts in an HSA are not included in your income while held in the HSA. Irs forms instructions 1040ez Death of HSA Holder You should choose a beneficiary when you set up your HSA. Irs forms instructions 1040ez What happens to that HSA when you die depends on whom you designate as the beneficiary. Irs forms instructions 1040ez Spouse is the designated beneficiary. Irs forms instructions 1040ez   If your spouse is the designated beneficiary of your HSA, it will be treated as your spouse's HSA after your death. Irs forms instructions 1040ez Spouse is not the designated beneficiary. Irs forms instructions 1040ez   If your spouse is not the designated beneficiary of your HSA: The account stops being an HSA, and The fair market value of the HSA becomes taxable to the beneficiary in the year in which you die. Irs forms instructions 1040ez If your estate is the beneficiary, the value is included on your final income tax return. Irs forms instructions 1040ez The amount taxable to a beneficiary other than the estate is reduced by any qualified medical expenses for the decedent that are paid by the beneficiary within 1 year after the date of death. Irs forms instructions 1040ez Filing Form 8889 You must file Form 8889 with your Form 1040 or Form 1040NR if you (or your spouse, if married filing a joint return) had any activity in your HSA during the year. Irs forms instructions 1040ez You must file the form even if only your employer or your spouse's employer made contributions to the HSA. Irs forms instructions 1040ez If, during the tax year, you are the beneficiary of two or more HSAs or you are a beneficiary of an HSA and you have your own HSA, you must complete a separate Form 8889 for each HSA. Irs forms instructions 1040ez Enter “statement” at the top of each Form 8889 and complete the form as instructed. Irs forms instructions 1040ez Next, complete a controlling Form 8889 combining the amounts shown on each of the statement Forms 8889. Irs forms instructions 1040ez Attach the statements to your tax return after the controlling Form 8889. Irs forms instructions 1040ez Employer Participation This section contains the rules that employers must follow if they decide to make HSAs available to their employees. Irs forms instructions 1040ez Unlike the previous discussions, “you” refers to the employer and not to the employee. Irs forms instructions 1040ez Health plan. Irs forms instructions 1040ez   If you want your employees to be able to have an HSA, they must have an HDHP. Irs forms instructions 1040ez You can provide no additional coverage other than those exceptions listed previously under Other health coverage . Irs forms instructions 1040ez Contributions. Irs forms instructions 1040ez   You can make contributions to your employees' HSAs. Irs forms instructions 1040ez You deduct the contributions on your business income tax return for the year in which you make the contributions. Irs forms instructions 1040ez If the contribution is allocated to the prior year, you still deduct it in the year in which you made the contribution. Irs forms instructions 1040ez   For more information on employer contributions, see Notice 2008-59, 2008-29 I. Irs forms instructions 1040ez R. Irs forms instructions 1040ez B. Irs forms instructions 1040ez 123, questions 23 through 27, available at www. Irs forms instructions 1040ez irs. Irs forms instructions 1040ez gov/irb/2008-29_IRB/ar11. Irs forms instructions 1040ez html. Irs forms instructions 1040ez Comparable contributions. Irs forms instructions 1040ez   If you decide to make contributions, you must make comparable contributions to all comparable participating employees' HSAs. Irs forms instructions 1040ez Your contributions are comparable if they are either: The same amount, or The same percentage of the annual deductible limit under the HDHP covering the employees. Irs forms instructions 1040ez The comparability rules do not apply to contributions made through a cafeteria plan. Irs forms instructions 1040ez Comparable participating employees. Irs forms instructions 1040ez   Comparable participating employees: Are covered by your HDHP and are eligible to establish an HSA, Have the same category of coverage (either self-only or family coverage), and Have the same category of employment (part-time, full-time, or former employees). Irs forms instructions 1040ez   To meet the comparability requirements for eligible employees who have not established an HSA by December 31 or have not notified you that they have an HSA, you must meet a notice requirement and a contribution requirement. Irs forms instructions 1040ez   You will meet the notice requirement if by January 15 of the following calendar year you provide a written notice to all such employees. Irs forms instructions 1040ez The notice must state that each eligible employee who, by the last day of February, establishes an HSA and notifies you that they have established an HSA will receive a comparable contribution to the HSA for the prior year. Irs forms instructions 1040ez For a sample of the notice, see Regulation 54. Irs forms instructions 1040ez 4980G-4 A-14(c). Irs forms instructions 1040ez You will meet the contribution requirement for these employees if by April 15, 2014, you contribute comparable amounts plus reasonable interest to the employee's HSA for the prior year. Irs forms instructions 1040ez Note. Irs forms instructions 1040ez For purposes of making contributions to HSAs of non-highly compensated employees, highly compensated employees shall not be treated as comparable participating employees. Irs forms instructions 1040ez Excise tax. Irs forms instructions 1040ez   If you made contributions to your employees' HSAs that were not comparable, you must pay an excise tax of 35% of the amount you contributed. Irs forms instructions 1040ez Employment taxes. Irs forms instructions 1040ez   Amounts you contribute to your employees' HSAs are generally not subject to employment taxes. Irs forms instructions 1040ez You must report the contributions in box 12 of the Form W-2 you file for each employee. Irs forms instructions 1040ez This includes the amounts the employee elected to contribute through a cafeteria plan. Irs forms instructions 1040ez Enter code “W” in box 12. Irs forms instructions 1040ez Medical Savings Accounts (MSAs) Archer MSAs were created to help self-employed individuals and employees of certain small employers meet the medical care costs of the account holder, the account holder's spouse, or the account holder's dependent(s). Irs forms instructions 1040ez After December 31, 2007, you cannot be treated as an eligible individual for Archer MSA purposes unless: You were an active participant for any tax year ending before January 1, 2008, or You became an active participant for a tax year ending after December 31, 2007, by reason of coverage under a high deductible health plan (HDHP) of an Archer MSA participating employer. Irs forms instructions 1040ez A Medicare Advantage MSA is an Archer MSA designated by Medicare to be used solely to pay the qualified medical expenses of the account holder who is eligible for Medicare. Irs forms instructions 1040ez Archer MSAs An Archer MSA is a tax-exempt trust or custodial account that you set up with a U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez financial institution (such as a bank or an insurance company) in which you can save money exclusively for future medical expenses. Irs forms instructions 1040ez What are the benefits of an Archer MSA?   You may enjoy several benefits from having an Archer MSA. Irs forms instructions 1040ez You can claim a tax deduction for contributions you make even if you do not itemize your deductions on Form 1040 or Form 1040NR. Irs forms instructions 1040ez The interest or other earnings on the assets in your Archer MSA are tax free. Irs forms instructions 1040ez Distributions may be tax free if you pay qualified medical expenses. Irs forms instructions 1040ez See Qualified medical expenses , later. Irs forms instructions 1040ez The contributions remain in your Archer MSA from year to year until you use them. Irs forms instructions 1040ez An Archer MSA is “portable” so it stays with you if you change employers or leave the work force. Irs forms instructions 1040ez Qualifying for an Archer MSA To qualify for an Archer MSA, you must be either of the following. Irs forms instructions 1040ez An employee (or the spouse of an employee) of a small employer (defined later) that maintains a self-only or family HDHP for you (or your spouse). Irs forms instructions 1040ez A self-employed person (or the spouse of a self-employed person) who maintains a self-only or family HDHP. Irs forms instructions 1040ez You can have no other health or Medicare coverage except what is permitted under Other health coverage , later. Irs forms instructions 1040ez You must be an eligible individual on the first day of a given month to get an Archer MSA deduction for that month. Irs forms instructions 1040ez If another taxpayer is entitled to claim an exemption for you, you cannot claim a deduction for an Archer MSA contribution. Irs forms instructions 1040ez This is true even if the other person does not actually claim your exemption. Irs forms instructions 1040ez Small employer. Irs forms instructions 1040ez   A small employer is generally an employer who had an average of 50 or fewer employees during either of the last 2 calendar years. Irs forms instructions 1040ez The definition of small employer is modified for new employers and growing employers. Irs forms instructions 1040ez Growing employer. Irs forms instructions 1040ez   A small employer may begin HDHPs and Archer MSAs for his or her employees and then grow beyond 50 employees. Irs forms instructions 1040ez The employer will continue to meet the requirement for small employers if he or she: Had 50 or fewer employees when the Archer MSAs began, Made a contribution that was excludable or deductible as an Archer MSA for the last year he or she had 50 or fewer employees, and Had an average of 200 or fewer employees each year after 1996. Irs forms instructions 1040ez Changing employers. Irs forms instructions 1040ez   If you change employers, your Archer MSA moves with you. Irs forms instructions 1040ez However, you may not make additional contributions unless you are otherwise eligible. Irs forms instructions 1040ez High deductible health plan (HDHP). Irs forms instructions 1040ez   To be eligible for an Archer MSA, you must be covered under an HDHP. Irs forms instructions 1040ez An HDHP has: A higher annual deductible than typical health plans, and A maximum limit on the annual out-of-pocket medical expenses that you must pay for covered expenses. Irs forms instructions 1040ez Limits. Irs forms instructions 1040ez   The following table shows the limits for annual deductibles and the maximum out-of-pocket expenses for HDHPs for 2013. Irs forms instructions 1040ez   Self-only coverage Family coverage Minimum annual deductible $2,150 $4,300 Maximum annual deductible $3,200 $6,450 Maximum annual out-of-pocket expenses $4,300 $7,850 Family plans that do not meet the high deductible rules. Irs forms instructions 1040ez   There are some family plans that have deductibles for both the family as a whole and for individual family members. Irs forms instructions 1040ez Under these plans, if you meet the individual deductible for one family member, you do not have to meet the higher annual deductible amount for the family. Irs forms instructions 1040ez If either the deductible for the family as a whole or the deductible for an individual family member is less than the minimum annual deductible for family coverage, the plan does not qualify as an HDHP. Irs forms instructions 1040ez Example. Irs forms instructions 1040ez You have family health insurance coverage in 2013. Irs forms instructions 1040ez The annual deductible for the family plan is $5,500. Irs forms instructions 1040ez This plan also has an individual deductible of $2,000 for each family member. Irs forms instructions 1040ez The plan does not qualify as an HDHP because the deductible for an individual family member is less than the minimum annual deductible ($4,300) for family coverage. Irs forms instructions 1040ez Other health coverage. Irs forms instructions 1040ez   You (and your spouse, if you have family coverage) generally cannot have any other health coverage that is not an HDHP. Irs forms instructions 1040ez However, you can still be an eligible individual even if your spouse has non-HDHP coverage provided you are not covered by that plan. Irs forms instructions 1040ez However, you can have additional insurance that provides benefits only for the following items. Irs forms instructions 1040ez Liabilities incurred under workers' compensation laws, torts, or ownership or use of property. Irs forms instructions 1040ez A specific disease or illness. Irs forms instructions 1040ez A fixed amount per day (or other period) of hospitalization. Irs forms instructions 1040ez You can also have coverage (whether provided through insurance or otherwise) for the following items. Irs forms instructions 1040ez Accidents. Irs forms instructions 1040ez Disability. Irs forms instructions 1040ez Dental care. Irs forms instructions 1040ez Vision care. Irs forms instructions 1040ez Long-term care. Irs forms instructions 1040ez Contributions to an MSA Contributions to an Archer MSA must be made in cash. Irs forms instructions 1040ez You cannot contribute stock or other property to an Archer MSA. Irs forms instructions 1040ez Who can contribute to my Archer MSA?   If you are an employee, your employer may make contributions to your Archer MSA. Irs forms instructions 1040ez (You do not pay tax on these contributions. Irs forms instructions 1040ez ) If your employer does not make contributions to your Archer MSA, or you are self-employed, you can make your own contributions to your Archer MSA. Irs forms instructions 1040ez Both you and your employer cannot make contributions to your Archer MSA in the same year. Irs forms instructions 1040ez You do not have to make contributions to your Archer MSA every year. Irs forms instructions 1040ez    If your spouse is covered by your HDHP and an excludable amount is contributed by your spouse's employer to an Archer MSA belonging to your spouse, you cannot make contributions to your own Archer MSA that year. Irs forms instructions 1040ez Limits There are two limits on the amount you or your employer can contribute to your Archer MSA: The annual deductible limit. Irs forms instructions 1040ez An income limit. Irs forms instructions 1040ez Annual deductible limit. Irs forms instructions 1040ez   You (or your employer) can contribute up to 75% of the annual deductible of your HDHP (65% if you have a self-only plan) to your Archer MSA. Irs forms instructions 1040ez You must have the HDHP all year to contribute the full amount. Irs forms instructions 1040ez If you do not qualify to contribute the full amount for the year, determine your annual deductible limit by using the worksheet in the Instructions for Form 8853, Archer MSAs and Long-Term Care Insurance Contracts. Irs forms instructions 1040ez Example 1. Irs forms instructions 1040ez You have an HDHP for your family all year in 2013. Irs forms instructions 1040ez The annual deductible is $5,000. Irs forms instructions 1040ez You can contribute up to $3,750 ($5,000 × 75%) to your Archer MSA for the year. Irs forms instructions 1040ez Example 2. Irs forms instructions 1040ez You have an HDHP for your family for the entire months of July through December 2013 (6 months). Irs forms instructions 1040ez The annual deductible is $5,000. Irs forms instructions 1040ez You can contribute up to $1,875 ($5,000 × 75% ÷ 12 × 6) to your Archer MSA for the year. Irs forms instructions 1040ez If you and your spouse each have a family plan, you are treated as having family coverage with the lower annual deductible of the two health plans. Irs forms instructions 1040ez The contribution limit is split equally between you unless you agree on a different division. Irs forms instructions 1040ez Income limit. Irs forms instructions 1040ez   You cannot contribute more than you earned for the year from the employer through whom you have your HDHP. Irs forms instructions 1040ez   If you are self-employed, you cannot contribute more than your net self-employment income. Irs forms instructions 1040ez This is your income from self-employment minus expenses (including the deductible part of self-employment tax). Irs forms instructions 1040ez Example 1. Irs forms instructions 1040ez Noah Paul earned $25,000 from ABC Company in 2013. Irs forms instructions 1040ez Through ABC, he had an HDHP for his family for the entire year. Irs forms instructions 1040ez The annual deductible was $5,000. Irs forms instructions 1040ez He can contribute up to $3,750 to his Archer MSA (75% × $5,000). Irs forms instructions 1040ez He can contribute the full amount because he earned more than $3,750 at ABC. Irs forms instructions 1040ez Example 2. Irs forms instructions 1040ez Westley Lawrence is self-employed. Irs forms instructions 1040ez He had an HDHP for his family for the entire year in 2013. Irs forms instructions 1040ez The annual deductible was $5,000. Irs forms instructions 1040ez Based on the annual deductible, the maximum contribution to his Archer MSA would have been $3,750 (75% × $5,000). Irs forms instructions 1040ez However, after deducting his business expenses, Joe's net self-employment income is $2,500 for the year. Irs forms instructions 1040ez Therefore, he is limited to a contribution of $2,500. Irs forms instructions 1040ez Individuals enrolled in Medicare. Irs forms instructions 1040ez   Beginning with the first month you are enrolled in Medicare, you cannot contribute to an Archer MSA. Irs forms instructions 1040ez However, you may be eligible for a Medicare Advantage MSA, discussed later. Irs forms instructions 1040ez When To Contribute You can make contributions to your Archer MSA for 2013 until April 15, 2014. Irs forms instructions 1040ez Reporting Contributions on Your Return Report all contributions to your Archer MSA on Form 8853 and file it with your Form 1040 or Form 1040NR. Irs forms instructions 1040ez You should include all contributions you, or your employer, made for 2013, including those made by April 15, 2014, that are designated for 2013. Irs forms instructions 1040ez You should receive Form 5498-SA, HSA, Archer MSA, or Medicare Advantage MSA Information, from the trustee showing the amount you (or your employer) contributed during the year. Irs forms instructions 1040ez Your employer's contributions should be shown in box 12 of Form W-2, Wage and Tax Statement, with code R. Irs forms instructions 1040ez Follow the instructions for Form 8853 and complete the worksheet in the instructions. Irs forms instructions 1040ez Report your Archer MSA deduction on Form 1040 or Form 1040NR. Irs forms instructions 1040ez Excess contributions. Irs forms instructions 1040ez   You will have excess contributions if the contributions to your Archer MSA for the year are greater than the limits discussed earlier. Irs forms instructions 1040ez Excess contributions are not deductible. Irs forms instructions 1040ez Excess contributions made by your employer are included in your gross income. Irs forms instructions 1040ez If the excess contribution is not included in box 1 of Form W-2, you must report the excess as “Other income” on your tax return. Irs forms instructions 1040ez   Generally, you must pay a 6% excise tax on excess contributions. Irs forms instructions 1040ez See Form 5329, Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts, to figure the excise tax. Irs forms instructions 1040ez The excise tax applies to each tax year the excess contribution remains in the account. Irs forms instructions 1040ez   You may withdraw some or all of the excess contributions and not pay the excise tax on the amount withdrawn if you meet the following conditions. Irs forms instructions 1040ez You withdraw the excess contributions by the due date, including extensions, of your tax return. Irs forms instructions 1040ez You withdraw any income earned on the withdrawn contributions and include the earnings in “Other income” on your tax return for the year you withdraw the contributions and earnings. Irs forms instructions 1040ez Deducting an excess contribution in a later year. Irs forms instructions 1040ez   You may be able to deduct excess contributions for previous years that are still in your Archer MSA. Irs forms instructions 1040ez The excess contribution you can deduct in the current year is the lesser of the following two amounts. Irs forms instructions 1040ez Your maximum Archer MSA contribution limit for the year minus any amounts contributed to your Archer MSA for the year. Irs forms instructions 1040ez The total excess contributions in your Archer MSA at the beginning of the year. Irs forms instructions 1040ez   Any excess contributions remaining at the end of a tax year are subject to the excise tax. Irs forms instructions 1040ez See Form 5329. Irs forms instructions 1040ez Distributions From an MSA You will generally pay medical expenses during the year without being reimbursed by your HDHP until you reach the annual deductible for the plan. Irs forms instructions 1040ez When you pay medical expenses during the year that are not reimbursed by your HDHP, you can ask the trustee of your Archer MSA to send you a distribution from your Archer MSA. Irs forms instructions 1040ez You can receive tax-free distributions from your Archer MSA to pay for qualified medical expenses (discussed later). Irs forms instructions 1040ez If you receive distributions for other reasons, the amount will be subject to income tax and may be subject to an additional 20% tax as well. Irs forms instructions 1040ez You do not have to make withdrawals from your Archer MSA each year. Irs forms instructions 1040ez If you no longer qualify to make contributions, you can still receive tax-free distributions to pay or reimburse your qualified medical expenses. Irs forms instructions 1040ez A distribution is money you get from your Archer MSA. Irs forms instructions 1040ez The trustee will report any distribution to you and the IRS on Form 1099-SA, Distributions From an HSA, Archer MSA, or Medicare Advantage MSA. Irs forms instructions 1040ez Qualified medical expenses. Irs forms instructions 1040ez   Qualified medical expenses are those expenses that would generally qualify for the medical and dental expenses deduction. Irs forms instructions 1040ez These are explained in Publication 502. Irs forms instructions 1040ez   Also, non-prescription medicines (other than insulin) are not considered qualified medical expenses for MSA purposes. Irs forms instructions 1040ez A medicine or drug will be a qualified medical expense for MSA purposes only if the medicine or drug: Requires a prescription, Is available without a prescription (an over-the-counter medicine or drug) and you get a prescription for it, or Is insulin. Irs forms instructions 1040ez   Qualified medical expenses are those incurred by the following persons. Irs forms instructions 1040ez You and your spouse. Irs forms instructions 1040ez All dependents you claim on your tax return. Irs forms instructions 1040ez Any person you could have claimed as a dependent on your return except that: The person filed a joint return, The person had gross income of $3,900 or more, or You, or your spouse if filing jointly, could be claimed as a dependent on someone else's 2013 return. Irs forms instructions 1040ez    For this purpose, a child of parents that are divorced, separated, or living apart for the last 6 months of the calendar year is treated as the dependent of both parents whether or not the custodial parent releases the claim to the child's exemption. Irs forms instructions 1040ez    You cannot deduct qualified medical expenses as an itemized deduction on Schedule A (Form 1040) that are equal to the tax-free distribution from your Archer MSA. Irs forms instructions 1040ez Special rules for insurance premiums. Irs forms instructions 1040ez   Generally, you cannot treat insurance premiums as qualified medical expenses for Archer MSAs. Irs forms instructions 1040ez You can, however, treat premiums for long-term care coverage, health care coverage while you receive unemployment benefits, or health care continuation coverage required under any federal law as qualified medical expenses for Archer MSAs. Irs forms instructions 1040ez Health coverage tax credit. Irs forms instructions 1040ez   You cannot claim this credit for premiums that you pay with a tax-free distribution from your Archer MSA. Irs forms instructions 1040ez See Publication 502 for information on this credit. Irs forms instructions 1040ez Deemed distributions from Archer MSAs. Irs forms instructions 1040ez   The following situations result in deemed taxable distributions from your Archer MSA. Irs forms instructions 1040ez You engaged in any transaction prohibited by section 4975 with respect to any of your Archer MSAs at any time in 2013. Irs forms instructions 1040ez Your account ceases to be an Archer MSA as of January 1, 2013, and you must include the fair market value of all assets in the account as of January 1, 2013, on Form 8853. Irs forms instructions 1040ez You used any portion of any of your Archer MSAs as security for a loan at any time in 2013. Irs forms instructions 1040ez You must include the fair market value of the assets used as security for the loan as income on Form 1040 or Form 1040NR. Irs forms instructions 1040ez   Examples of prohibited transactions include the direct or indirect: Sale, exchange, or leasing of property between you and the Archer MSA, Lending of money between you and the Archer MSA, Furnishing goods, services, or facilities between you and the Archer MSA, and Transfer to or use by you, or for your benefit, of any assets of the Archer MSA. Irs forms instructions 1040ez   Any deemed distribution will not be treated as used to pay qualified medical expenses. Irs forms instructions 1040ez These distributions are included in your income and are subject to the additional 20% tax, discussed later. Irs forms instructions 1040ez Recordkeeping. Irs forms instructions 1040ez You must keep records sufficient to show that: The distributions were exclusively to pay or reimburse qualified medical expenses, The qualified medical expenses had not been previously paid or reimbursed from another source, and The medical expenses had not been taken as an itemized deduction in any year. Irs forms instructions 1040ez Do not send these records with your tax return. Irs forms instructions 1040ez Keep them with your tax records. Irs forms instructions 1040ez Reporting Distributions on Your Return How you report your distributions depends on whether or not you use the distribution for qualified medical expenses (defined earlier). Irs forms instructions 1040ez If you use a distribution from your Archer MSA for qualified medical expenses, you do not pay tax on the distribution but you have to report the distribution on Form 8853. Irs forms instructions 1040ez Follow the instructions for the form and file it with your Form 1040 or Form 1040NR. Irs forms instructions 1040ez If you do not use a distribution from your Archer MSA for qualified medical expenses, you must pay tax on the distribution. Irs forms instructions 1040ez Report the amount on Form 8853 and file it with your Form 1040 or Form 1040NR. Irs forms instructions 1040ez You may have to pay an additional 20% tax, discussed later, on your taxable distribution. Irs forms instructions 1040ez If an amount (other than a rollover) is contributed to your Archer MSA this year (by you or your employer), you also must report and pay tax on a distribution you receive from your Archer MSA this year that is used to pay medical expenses of someone who is not covered by an HDHP, or is also covered by another health plan that is not an HDHP, at the time the expenses are incurred. Irs forms instructions 1040ez Rollovers. Irs forms instructions 1040ez   Generally, any distribution from an Archer MSA that you roll over into another Archer MSA or an HSA is not taxable if you complete the rollover within 60 days. Irs forms instructions 1040ez An Archer MSA and an HSA can only receive one rollover contribution during a 1-year period. Irs forms instructions 1040ez See the Form 8853 instructions for more information. Irs forms instructions 1040ez Additional tax. Irs forms instructions 1040ez   There is a 20% additional tax on the part of your distributions not used for qualified medical expenses. Irs forms instructions 1040ez Figure the tax on Form 8853 and file it with your Form 1040 or Form 1040NR. Irs forms instructions 1040ez Report the additional tax in the total on Form 1040 or Form 1040NR. Irs forms instructions 1040ez Exceptions. Irs forms instructions 1040ez   There is no additional tax on distributions made after the date you are disabled, reach age 65, or die. Irs forms instructions 1040ez Balance in an Archer MSA An Archer MSA is generally exempt from tax. Irs forms instructions 1040ez You are permitted to take a distribution from your Archer MSA at any time; however, only those amounts used exclusively to pay for qualified medical expenses are tax free. Irs forms instructions 1040ez Amounts that remain at the end of the year are generally carried over to the next year (see Excess contributions , earlier). Irs forms instructions 1040ez Earnings on amounts in an Archer MSA are not included in your income while held in the Archer MSA. Irs forms instructions 1040ez Death of the Archer MSA Holder You should choose a beneficiary when you set up your Archer MSA. Irs forms instructions 1040ez What happens to that Archer MSA when you die depends on whom you designate as the beneficiary. Irs forms instructions 1040ez Spouse is the designated beneficiary. Irs forms instructions 1040ez   If your spouse is the designated beneficiary of your Archer MSA, it will be treated as your spouse's Archer MSA after your death. Irs forms instructions 1040ez Spouse is not the designated beneficiary. Irs forms instructions 1040ez   If your spouse is not the designated beneficiary of your Archer MSA: The account stops being an Archer MSA, and The fair market value of the Archer MSA becomes taxable to the beneficiary in the year in which you die. Irs forms instructions 1040ez   If your estate is the beneficiary, the fair market value of the Archer MSA will be included on your final income tax return. Irs forms instructions 1040ez The amount taxable to a beneficiary other than the estate is reduced by any qualified medical expenses for the decedent that are paid by the beneficiary within 1 year after the date of death. Irs forms instructions 1040ez Filing Form 8853 You must file Form 8853 with your Form 1040 or Form 1040NR if you (or your spouse, if married filing a joint return) had any activity in your Archer MSA during the year. Irs forms instructions 1040ez You must file the form even if only your employer or your spouse's employer made contributions to the Archer MSA. Irs forms instructions 1040ez If, during the tax year, you are the beneficiary of two or more Archer MSAs or you are a beneficiary of an Archer MSA and you have your own Archer MSA, you must complete a separate Form 8853 for each MSA. Irs forms instructions 1040ez Enter “statement” at the top of each Form 8853 and complete the form as instructed. Irs forms instructions 1040ez Next, complete a controlling Form 8853 combining the amounts shown on each of the statement Forms 8853. Irs forms instructions 1040ez Attach the statements to your tax return after the controlling Form 8853. Irs forms instructions 1040ez Employer Participation This section contains the rules that employers must follow if they decide to make Archer MSAs available to their employees. Irs forms instructions 1040ez Unlike the previous discussions, “you” refers to the employer and not to the employee. Irs forms instructions 1040ez Health plan. Irs forms instructions 1040ez   If you want your employees to be able to have an Archer MSA, you must make an HDHP available to them. Irs forms instructions 1040ez You can provide no additional coverage other than those exceptions listed previously under Other health coverage . Irs forms instructions 1040ez Contributions. Irs forms instructions 1040ez   You can make contributions to your employees' Archer MSAs. Irs forms instructions 1040ez You deduct the contributions on the “Employee benefit programs” line of your business income tax return for the year in which you make the contributions. Irs forms instructions 1040ez If you are filing Form 1040, Schedule C, this is Part II, line 14. Irs forms instructions 1040ez Comparable contributions. Irs forms instructions 1040ez   If you decide to make contributions, you must make comparable contributions to all comparable participating employees' Archer MSAs. Irs forms instructions 1040ez Your contributions are comparable if they are either: The same amount, or The same percentage of the annual deductible limit under the HDHP covering the employees. Irs forms instructions 1040ez Comparable participating employees. Irs forms instructions 1040ez   Comparable participating employees: Are covered by your HDHP and are eligible to establish an Archer MSA, Have the same category of coverage (either self-only or family coverage), and Have the same category of employment (either part-time or full-time). Irs forms instructions 1040ez Excise tax. Irs forms instructions 1040ez   If you made contributions to your employees' Archer MSAs that were not comparable, you must pay an excise tax of 35% of the amount you contributed. Irs forms instructions 1040ez Employment taxes. Irs forms instructions 1040ez   Amounts you contribute to your employees' Archer MSAs are generally not subject to employment taxes. Irs forms instructions 1040ez You must report the contributions in box 12 of the Form W-2 you file for each employee. Irs forms instructions 1040ez Enter code “R” in box 12. Irs forms instructions 1040ez Medicare Advantage MSAs A Medicare Advantage MSA is an Archer MSA designated by Medicare to be used solely to pay the qualified medical expenses of the account holder. Irs forms instructions 1040ez To be eligible for a Medicare Advantage MSA, you must be enrolled in Medicare and have a high deductible health plan (HDHP) that meets the Medicare guidelines. Irs forms instructions 1040ez A Medicare Advantage MSA is a tax-exempt trust or custodial savings account that you set up with a financial institution (such as a bank or an insurance company) in which the Medicare program can deposit money for qualified medical expenses. Irs forms instructions 1040ez The money in your account is not taxed if it is used for qualified medical expenses, and it may earn interest or dividends. Irs forms instructions 1040ez An HDHP is a special health insurance policy that has a high deductible. Irs forms instructions 1040ez You choose the policy you want to use as part of your Medicare Advantage MSA plan. Irs forms instructions 1040ez However, the policy must be approved by the Medicare program. Irs forms instructions 1040ez Medicare Advantage MSAs are administered through the federal Medicare program. Irs forms instructions 1040ez You can get information by calling 1-800-Medicare (1-800-633-4227) or through the Internet at www. Irs forms instructions 1040ez medicare. Irs forms instructions 1040ez gov. Irs forms instructions 1040ez Note. Irs forms instructions 1040ez You must file Form 8853, Archer MSAs and Long-Term Care Insurance Contracts, with your tax return if you have a Medicare Advantage MSA. Irs forms instructions 1040ez Flexible Spending Arrangements (FSAs) A health flexible spending arrangement (FSA) allows employees to be reimbursed for medical expenses. Irs forms instructions 1040ez FSAs are usually funded through voluntary salary reduction agreements with your employer. Irs forms instructions 1040ez No employment or federal income taxes are deducted from your contribution. Irs forms instructions 1040ez The employer may also contribute. Irs forms instructions 1040ez Note. Irs forms instructions 1040ez Unlike HSAs or Archer MSAs which must be reported on Form 1040 or Form 1040NR, there are no reporting requirements for FSAs on your income tax return. Irs forms instructions 1040ez For information on the interaction between a health FSA and an HSA, see Other employee health plans under Qualifying for an HSA, earlier. Irs forms instructions 1040ez What are the benefits of an FSA?   You may enjoy several benefits from having an FSA. Irs forms instructions 1040ez Contributions made by your employer can be excluded from your gross income. Irs forms instructions 1040ez No employment or federal income taxes are deducted from the contributions. Irs forms instructions 1040ez Withdrawals may be tax free if you pay qualified medical expenses. Irs forms instructions 1040ez See Qualified medical expenses , later. Irs forms instructions 1040ez You can withdraw funds from the account to pay qualified medical expenses even if you have not yet placed the funds in the account. Irs forms instructions 1040ez Qualifying for an FSA Health FSAs are employer-established benefit plans. Irs forms instructions 1040ez These may be offered in conjunction with other employer-provided benefits as part of a cafeteria plan. Irs forms instructions 1040ez Employers have complete flexibility to offer various combinations of benefits in designing their plan. Irs forms instructions 1040ez You do not have to be covered under any other health care plan to participate. Irs forms instructions 1040ez Self-employed persons are not eligible for an FSA. Irs forms instructions 1040ez Certain limitations may apply if you are a highly compensated participant or a key employee. Irs forms instructions 1040ez Contributions to an FSA You contribute to your FSA by electing an amount to be voluntarily withheld from your pay by your employer. Irs forms instructions 1040ez This is sometimes called a salary reduction agreement. Irs forms instructions 1040ez The employer may also contribute to your FSA if specified in the plan. Irs forms instructions 1040ez You do not pay federal income tax or employment taxes on the salary you contribute or the amounts your employer contributes to the FSA. Irs forms instructions 1040ez However, contributions made by your employer to provide coverage for long-term care insurance must be included in income. Irs forms instructions 1040ez When To Contribute At the
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Small Business Health Care Tax Credit for Small Employers

 

 

Small employer? Get the credit you deserve.

     If you are a small employer. . .

              with fewer than 25 full-time equivalent employees,
              pay an average wage of less than $50,000 a year, and
               pay at least half of employee health insurance premiums

 

                               . . .then there is a tax credit that may put money in your pocket.

 

 

What You Need to Know about the Small Business Health Care Tax Credit

How will the credit make a difference for you?                 

For tax years 2010 through 2013, the maximum credit is 35 percent of premiums paid for small business employers and 25 percent of premiums paid for small tax-exempt employers such as charities.

 

For tax years beginning in 2014 or later, there will be changes to the credit:

 

  • The maximum credit will increase to 50 percent of premiums paid for small business employers and 35 percent of premiums paid for small tax-exempt employers. 
  • To be eligible for the credit, a small employer must pay premiums on behalf of employees enrolled in a qualified health plan offered through a Small Business Health Options Program (SHOP) Marketplace.
  • The credit will be available to eligible employers for two consecutive taxable years.

 

Here’s what this means for you. If you pay $50,000 a year toward workers’ health care premiums — and if you qualify for a 15 percent credit, you save... $7,500. If you save $7,500 a year from tax year 2010 through 2013, that’s total savings of $30,000. If, in 2014, you qualify for a slightly larger credit, say 20 percent, your savings go from $7,500 a year to $10,000 a year.

 

Even if you are a small business employer who did not owe tax during the year, you can carry the credit back or forward to other tax years. Also, since the amount of the health insurance premium payments is more than the total credit, eligible small businesses can still claim a business expense deduction for the premiums in excess of the credit. That’s both a credit and a deduction for employee premium payments.

 

There is good news for small tax-exempt employers too. The credit is refundable, so even if you have no taxable income, you may be eligible to receive the credit as a refund so long as it does not exceed your income tax withholding and Medicare tax liability.

 

And finally, if you can benefit from the credit this year but forgot to claim it on your tax return, there’s still time to file an amended return.

 

Click here if you want more examples of how the credit applies in different circumstances.

Can you claim the credit?

Now that you know how the credit can make a difference for your business, let’s determine if you can claim it.

To be eligible, you must cover at least 50 percent of the cost of single (not family) health care coverage for each of your employees. You must also have fewer than 25 full-time equivalent employees (FTEs). Those employees must have average wages of less than $50,000 (as adjusted for inflation beginning in 2014) per year. Remember, you will have to purchase insurance through the SHOP Marketplace to be eligible for the credit for tax years 2014 and beyond.

Let us break it down for you even more.

You are probably wondering: what IS an FTE. Basically, two half-time workers count as one FTE. That means 20 half-time employees are equivalent to 10 FTEs, which makes the number of FTEs 10, not 20.

Now let’s talk about average annual wages. Say you pay total wages of $200,000 and have 10 FTEs. To figure average annual wages you divide $200,000 by 10 — the number of FTEs — and the result is your average annual wage. The average annual wage would be $20,000.

Also, the amount of the credit you receive works on a sliding scale. The smaller the business or charity, the bigger the credit. So if you have more than 10 FTEs or if the average wage is more than $25,000 (as adjusted for inflation beginning in 2014), the amount of the credit you receive will be less.

How do you claim the credit?

You must use Form 8941, Credit for Small Employer Health Insurance Premiums, to calculate the credit. For detailed information on filling out this form, see the Instructions for Form 8941.

 

If you are a small business, include the amount as part of the general business credit on your income tax return.

 

If you are a tax-exempt organization, include the amount on line 44f of the Form 990-T, Exempt Organization Business Income Tax Return. You must file the Form 990-T in order to claim the credit, even if you don't ordinarily do so.
 

Don’t forget... if you are a small business employer, you may be able to carry the credit back or forward. And if you are a tax-exempt employer, you may be eligible for a refundable credit.

 

          

Versión en Español

Información acerca del Crédito Tributario por Cuidados de Salud para Pequeñas Empresas

Questions and Answers

Got questions? We have answers.

Small Business Health Care Tax Credit Estimator

Use the estimator to find out whether you may be eligible and get an estimate of how much you might receive.

Forms and Step-by-Step Instructions

Form 8941, Credit for Small Employer Health Insurance Premiums and Instructions for Form 8941

Additional Guidance

Additional guidance on the credit is available in Notices 2010-44, 2010-82 and Notice 2014-6. Find guidance for the 2014 changes in REG-113792-13

News Releases

Affordable Care Act News Releases, Multimedia and Legal Guidance

Widgets

IRS small business health care tax credit Widgets available on Marketing Express.

Information Flyer

Flyer on the Small Business Health Care Tax Credit for small employers.

 

 

 

 

 

 

 

Page Last Reviewed or Updated: 07-Feb-2014

The Irs Forms Instructions 1040ez

Irs forms instructions 1040ez 16. Irs forms instructions 1040ez   Cómo Declarar Ganancias y Pérdidas Table of Contents Qué Hay de Nuevo Introduction Useful Items - You may want to see: Cómo Declarar Ganancias y Pérdidas de CapitalExcepción 1. Irs forms instructions 1040ez Excepción 2. Irs forms instructions 1040ez Presente el Formulario 1099-B o el Formulario 1099-S al IRS. Irs forms instructions 1040ez Pérdidas de Capital Tasas Impositivas sobre Ganancias de Capital Qué Hay de Nuevo Tasas máximas de ganancias de capital. Irs forms instructions 1040ez  Para el año 2013, las tasas máximas de ganancias de capital son del 0%, 15%, 20%, 25% y 28%. Irs forms instructions 1040ez Introduction En este capítulo se explica cómo declarar ganancias y pérdidas de capital provenientes de ventas, intercambios y otras enajenaciones de bienes de inversión en el Formulario 8949 y el Anexo D (Formulario 1040). Irs forms instructions 1040ez Esta explicación abarca los siguientes temas: Cómo declarar ganancias y pérdidas a corto plazo. Irs forms instructions 1040ez Cómo declarar ganancias y pérdidas a largo plazo. Irs forms instructions 1040ez Cómo calcular pérdidas de capital que se van a trasladar al año siguiente. Irs forms instructions 1040ez Cómo calcular los impuestos sobre una ganancia neta de capital. Irs forms instructions 1040ez Si vende o de otro modo enajena bienes utilizados en una ocupación o negocio o en la producción de ingresos, vea la Publicación 544, Sales and Other Dispositions of Assets (Ventas y otras enajenaciones de activos), en inglés, antes de completar el Anexo D (Formulario 1040). Irs forms instructions 1040ez Useful Items - You may want to see: Publicación 537 Installment Sales (Ventas a plazos), en inglés 544 Sales and Other Dispositions of Assets (Ventas y otras enajenaciones de activos), en inglés 550 Investment Income and Expenses (Ingresos y gastos de inversión), en inglés Formulario (e Instrucciones) 4797 Sales of Business Property (Ventas de bienes comerciales), en inglés 6252 Installment Sale Income (Ingresos de ventas a plazos), en inglés 8582 Passive Activity Loss Limitations (Limitaciones de pérdidas en actividades pasivas), en inglés 8949 Sales and Other Dispositions of Capital Assets (Ventas y otras enajenaciones de activos de capital, en inglés) Anexo D (Formulario 1040) Capital Gains and Losses (Ganancias y pérdidas de capital), en inglés Cómo Declarar Ganancias y Pérdidas de Capital Declare sus ganancias y pérdidas de capital en el Formulario 8949. Irs forms instructions 1040ez Complete el Formulario 8949 antes de completar las líneas 1b, 2, 3, 8b, 9 ó 10 del Anexo D (Formulario 1040). Irs forms instructions 1040ez Use el Formulario 8949 para declarar: La venta o intercambio de un activo de capital, la cual no se declaró en ningún otro formulario o anexo, Ganancias por canjes involuntarios (aparte de cuando se deba a un hecho fortuito o un robo) de activos de capital que no sirven para propósitos de negocio o lucro y Deudas incobrables que no provienen del negocio. Irs forms instructions 1040ez Use el Anexo D (Formulario 1040): Para calcular la ganancia o pérdida total de las transacciones declaradas en el Formulario 8949; Para declarar una ganancia proveniente del Formulario 6252 o de la Parte I del Formulario 4797; Para declarar una ganancia o pérdida proveniente del Formulario 4684, 6781 u 8824; Para declarar distribuciones de ganancias de capital no declaradas directamente en el Formulario 1040 o en el Formulario 1040A; Para declarar una pérdida de capital trasladada del año tributario anterior al año tributario actual; Para declarar su parte de una ganancia (o pérdida) de una sociedad colectiva, sociedad anónima de tipo S, caudal hereditario o fideicomiso; Para declarar las transacciones informadas a usted en el Formulario 1099-B (o documento sustitutivo), el cual muestra las bases informadas al IRS y al cual no corresponde ninguno de los ajustes o códigos del Formulario 8949; y Para declarar ganancias de capital a largo plazo no distribuidas provenientes del Formulario 2439. Irs forms instructions 1040ez Anote en el Formulario 8949 todas las ventas e intercambios de activos de capital (incluyendo acciones, bonos, etc. Irs forms instructions 1040ez ) y de bienes raíces (si no se declararon en el Formulario 4684, 4797, 6252, 6781 u 8824 o la línea 1a u 8a del Anexo D). Irs forms instructions 1040ez Declare estas transacciones aun si usted no recibió un Formulario 1099-B o 1099-S (u otra declaración sustitutiva) para la transacción. Irs forms instructions 1040ez Declare las ganancias o pérdidas a corto plazo en la Parte I. Irs forms instructions 1040ez Declare ganancias y pérdidas a largo plazo en la Parte II. Irs forms instructions 1040ez Use cuantos Formularios 8949 sean necesarios. Irs forms instructions 1040ez Excepciones a la presentación del Formulario 8949 y el Anexo D (Formulario 1040). Irs forms instructions 1040ez   Hay ciertas circunstancias bajo las cuales usted tal vez no tenga que presentar el Formulario 8949 ni el Anexo D (Formulario 1040). Irs forms instructions 1040ez Excepción 1. Irs forms instructions 1040ez   Usted no tiene que presentar el Formulario 8949 ni el Anexo D (Formulario 1040) si no tiene pérdidas de capital y sus únicas ganancias de capital son distribuciones de ganancia de capital correspondientes al (los) recuadro(s) 2a del (de los) Formulario(s) 1099-DIV (o declaraciones sustitutivas). Irs forms instructions 1040ez (Si alguno de los Formularios 1099-DIV (o declaraciones sustitutivas) que usted recibe indica una cifra en el recuadro 2b (ganancias no recuperadas conforme a la sección 1250), el recuadro 2c (ganancias conforme a la sección 1202) o el recuadro 2d (ganancias (tasas de 28%) por la venta de objetos coleccionables, usted no reúne los requisitos para esta excepción). Irs forms instructions 1040ez Si reúne los requisitos para esta excepción, declare sus distribuciones de ganancia de capital directamente en la línea 13 del Formulario 1040 y marque el recuadro en la línea 13. Irs forms instructions 1040ez También debe utillizar la Qualified Dividends and Capital Gain Tax Worksheet (Hoja de trabajo para impuestos sobre dividendos y ganancias de capital), que encontrará en las Instrucciones del Formulario 1040, para calcular su impuesto. Irs forms instructions 1040ez Usted pede declarar sus distribuciones de ganancias de capital en la línea 10 del Formulario 1040A, en vez del Formulario 1040, si ninguno de los Formularios 1099-DIV (o declaraciones sustitutivas) que usted recibió indica una cifra en los recuadros 2b, 2c o 2d y usted no tiene que presentar el Formulario 1040. Irs forms instructions 1040ez Excepción 2. Irs forms instructions 1040ez   Usted tiene que presentar el Anexo D (Formulario 1040), pero por lo general no tiene que presentar el Formulario 8949 si la Excepción 1 no le corresponde y sus únicas ganancias y pérdidas de capital son: Distribuciones de ganancias de capital; Una pérdida de capital trasladada de un año anterior; Una ganancia correspondiente al Formulario 2439 ó 6252, o de la Parte I del Formulario 4797; Una ganancia o pérdida correspondiente al Formulario 4684, 6781 u 8824; Una ganancia o pérdida de una sociedad colectiva, sociedad anónima de tipo S, un caudal hereditario o fideicomiso; Ganancias y pérdidas de transacciones por las cuales usted recibió el Formulario 1099-B (o un documento sustitutivo), el cual muestra las bases informadas al IRS y por lo cual no necesita hacer ningún ajuste en la columna (g) del Formulario 8949 ni anotar ningún código en la columna (f) del Formulario 8949. Irs forms instructions 1040ez Ventas a plazos. Irs forms instructions 1040ez   No puede utilizar el método de pago a plazos para declarar una ganancia proveniente de la venta de acciones o valores bursátiles cotizados en un mercado de valores bursátiles establecido. Irs forms instructions 1040ez Tiene que declarar la totalidad de la ganancia en el año de la venta (el año en el que ocurra la fecha de canje). Irs forms instructions 1040ez Ganancias y pérdidas provenientes de una actividad pasiva. Irs forms instructions 1040ez    Si tiene pérdidas o ganancias provenientes de una actividad pasiva, es posible que tenga que declararlas también en el Formulario 8582. Irs forms instructions 1040ez En ciertos casos, la pérdida puede ser limitada conforme a las reglas de actividad pasiva. Irs forms instructions 1040ez Consulte el Formulario 8582 y sus instrucciones correspondientes por separado para obtener información adicional sobre la declaración de ganancias y pérdidas de capital producto de una actividad pasiva. Irs forms instructions 1040ez Transacciones que se declaran en el Formulario 1099-B. Irs forms instructions 1040ez   Si vendió bienes, como acciones, bonos o ciertos productos de consumo bursátiles, a través de un agente corredor bursátil, éste debe entregarle un Formulario 1099-B o documento sustitutivo. Irs forms instructions 1040ez Utilice el Formulario 1099-B o el documento sustitutivo para completar el Formulario 8949. Irs forms instructions 1040ez Si usted vendió un valor bursátil garantizado en 2013, su agente corredor bursátil le mandará un Formulario 1099-B (o declaración sustitutiva) que le indica la base. Irs forms instructions 1040ez Esto le ayudará a completar el Formulario 8949. Irs forms instructions 1040ez Por lo general, los valores bursátiles garantizados son aquéllos que usted adquirió después del año 2010. Irs forms instructions 1040ez   Declare las ganancias brutas que aparezcan en el recuadro 2a del Formulario 1099-B como el precio de venta en la columna (d) de la Parte I o la Parte II del Formulario 8949, según le corresponda a su caso. Irs forms instructions 1040ez No obstante, si el agente corredor bursátil indica, en el recuadro 2a del Formulario 1099-B, haber declarado al IRS las ganancias brutas (precio de venta) menos comisiones y primas de opciones, anote el precio neto de venta resultante en la columna (d) de la Parte I o de la Parte II del Formulario 8949, según le corresponda a su caso. Irs forms instructions 1040ez   Incluya en la columna (g) todo gasto de venta, tal como honorarios de agente corredor bursátil, comisiones, impuestos de traspaso locales y estatales y primas de opciones, a menos que usted haya declarado el precio neto de venta en la columna (d). Irs forms instructions 1040ez Si incluye un gasto de venta en la columna (g), anote “E” en la columna (f). Irs forms instructions 1040ez Transacciones que se declaran en el Formulario 1099-CAP. Irs forms instructions 1040ez   Si es dueño de acciones de una sociedad anónima en cuyo control o estructura de capital haya habido cambios importantes, dicha sociedad debe enviarle el Formulario 1099-CAP o documento sustitutivo. Irs forms instructions 1040ez Utilice el Formulario 1099-CAP o documento sustitutivo para completar el Formulario 8949. Irs forms instructions 1040ez Si sus cálculos indican que, debido al cambio, usted tendría una pérdida, no anote ninguna cantidad en el Formulario 8949 ni en el Anexo D (Formulario 1040). Irs forms instructions 1040ez Esta transacción no le da la posibilidad de declarar una pérdida en el Anexo D (Formulario 1040). Irs forms instructions 1040ez   Declare el total de la cantidad recibida indicado en el recuadro 2 del Formulario 1099-CAP como el precio de venta en la columna (d) de la Parte I o de la Parte II del Formulario 8949, según le corresponda a su caso. Irs forms instructions 1040ez Transacciones que se declaran en el Formulario 1099-S. Irs forms instructions 1040ez   Si vendió o canjeó bienes raíces que han de declararse, normalmente la persona encargada de comunicar transacciones de bienes raíces debe entregarle un Formulario 1099-S en el que se indiquen las ganancias brutas. Irs forms instructions 1040ez    “Bienes raíces que han de declararse” son toda participación en una propiedad actual o futura en cualesquiera de los siguientes casos: Terrenos con o sin mejoras, incluido el espacio aéreo; Estructuras intrínsecamente permanentes, incluido todo edificio residencial, comercial o industrial; Una unidad de condominio y sus instalaciones accesorias y elementos comunes, incluido el terreno; y Acciones de cooperativa de viviendas en sociedad anónima (como se define en la sección 216 del Código de Impuestos Internos). Irs forms instructions 1040ez   Una “persona encargada de comunicar transacciones de bienes raíces” puede ser el abogado del comprador, el abogado de usted, una compañía de escrituras de propiedad o de cuentas en depósito, un prestamista hipotecario, el agente corredor bursátil de usted, el agente corredor bursátil del comprador o la persona que adquiera la mayor participación en la propiedad. Irs forms instructions 1040ez   El Formulario 1099-S indicará las ganancias brutas de la venta o el intercambio en el recuadro 2. Irs forms instructions 1040ez Consulte las Instrucciones para el Formulario 8949 y las Instrucciones para el Anexo D (Formulario 1040) para saber cómo se declaran estas transacciones e incluirlas en la Parte I o Parte II del Formulario 8949, tal como le corresponda a su caso. Irs forms instructions 1040ez No obstante, declare los intercambios por bienes del mismo tipo en el Formulario 8824. Irs forms instructions 1040ez   Es ilegal que una persona encargada de comunicar transacciones de bienes raíces le cobre un cargo por separado por cumplir con el requisito de presentación del Formulario 1099-S. Irs forms instructions 1040ez Nominatarios. Irs forms instructions 1040ez   Si recibe ganancias brutas como nominatario (es decir, las ganancias brutas están a nombre suyo pero en realidad pertenecen a otra persona), vea las Instrucciones para el Formulario 8949, para saber cómo declarar estas cantidades en el Formulario 8949. Irs forms instructions 1040ez Presente el Formulario 1099-B o el Formulario 1099-S al IRS. Irs forms instructions 1040ez   Si recibió ganancias brutas en calidad de nominatario en 2013, tiene que presentar al IRS el Formulario 1099-B o el Formulario 1099-S correspondiente a dichas ganancias. Irs forms instructions 1040ez Envíe el Formulario 1099-B o el Formulario 1099-S junto con el Formulario 1096, Annual Summary and Transmittal of U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez Information Returns (Resumen e informe anual de declaraciones informativas de los Estados Unidos), en inglés, al Centro de Servicio del Servicio de Impuestos Internos que le corresponda a más tardar el 28 de febrero de 2014 (31 de marzo de 2014, si presenta el Formulario 1099-B o el Formulario 1099-S por vía electrónica). Irs forms instructions 1040ez Entregue la Copia B del Formulario 1099-B o del Formulario 1099-S al verdadero dueño de dichas ganancias a más tardar el 18 de febrero de 2014. Irs forms instructions 1040ez En el Formulario 1099-B, usted debe constar como “Payer” (Pagador). Irs forms instructions 1040ez El otro dueño debe constar como “Recipient” (Destinatario). Irs forms instructions 1040ez En el Formulario 1099-S, usted debe constar como “Filer” (Declarante). Irs forms instructions 1040ez El otro dueño debe constar como “Transferor” (Cesionista). Irs forms instructions 1040ez No obstante, usted no tiene que presentar el Formulario 1099-B ni el Formulario 1099-S para mostrar las ganancias de su cónyuge. Irs forms instructions 1040ez Para más información acerca de los requisitos de presentación de ciertas declaraciones informativas y las multas por no presentar (o facilitar) dichas declaraciones, vea las General Instructions for Certain Information Returns (Instrucciones generales para determinadas declaraciones informativas), en inglés. Irs forms instructions 1040ez Si presenta la declaración electrónicamente, vea la Publicación 1220, en inglés. Irs forms instructions 1040ez Venta de bienes comprados en diferentes ocasiones. Irs forms instructions 1040ez   Si vende un paquete de acciones u otros bienes que haya comprado en diferentes ocasiones, declare la pérdida o ganancia a corto plazo procedente de la venta en una fila de la Parte I del Formulario 8949 y anote la pérdida o ganancia a largo plazo en una fila de la Parte II del Formulario 8949. Irs forms instructions 1040ez Escriba “Various” (Varios) en la columna (b) para la “Date acquired” (Fecha de adquisición). Irs forms instructions 1040ez Gastos de venta. Irs forms instructions 1040ez    En la columna (g) del Formulario 8949, incluya todo gasto de venta, como honorarios de agentes corredores bursátiles, comisiones, impuestos estatales y locales sobre traspasos y primas de opciones, a menos que usted haya declarado el precio neto de ventas en la columna (d). Irs forms instructions 1040ez Si usted incluyó un gasto de venta en la columna (g), anote “E” en la columna (f). Irs forms instructions 1040ez   Para más información sobre los ajustes a la base, vea el capítulo 13. Irs forms instructions 1040ez Ganancias y pérdidas a corto plazo. Irs forms instructions 1040ez   Las ganancias o pérdidas de capital sobre la venta o canje de bienes de inversión que haya tenido por 1 año o menos se consideran pérdidas o ganancias de capital a corto plazo. Irs forms instructions 1040ez Declárelas en la Parte I del Formulario 8949. Irs forms instructions 1040ez   Sume su parte de pérdidas o ganancias de capital a corto plazo provenientes de sociedades colectivas, sociedades anónimas de tipo S, caudales hereditarios y fideicomisos, además de toda pérdida de capital a corto plazo que se haya trasladado de un año anterior, con las demás ganancias y pérdidas de capital a corto plazo para calcular la pérdida o ganancia de capital neta a corto plazo en la línea 7 del Anexo D (Formulario 1040). Irs forms instructions 1040ez Ganancias y pérdidas a largo plazo. Irs forms instructions 1040ez    Una ganancia o pérdida de capital sobre la venta o canje de bienes de inversión que haya tenido durante más de 1 año se considera ganancia o pérdida de capital a largo plazo. Irs forms instructions 1040ez Declárela en la Parte II del Formulario 8949. Irs forms instructions 1040ez   Usted debe declarar lo siguiente en la Parte II del Anexo D (Formulario 1040): Ganancias de capital a largo plazo de un fondo mutuo (u otra sociedad inversionista reglamentada) o de una sociedad de inversión inmobiliaria (REIT, por sus siglas en inglés) que no hayan sido distribuidas; Su participación de las ganancias y pérdidas de capital a largo plazo de sociedades colectivas, sociedades anónimas de tipo S, caudales hereditarios y fideicomisos; Toda distribución de ganancia de capital proveniente de fondos mutuos y sociedades de inversión inmobiliaria (REIT) que no se haya declarado directamente en la línea 10 del Formulario 1040A o la línea 13 del Formulario 1040; y Pérdidas de capital a largo plazo trasladadas de un año anterior. Irs forms instructions 1040ez    El resultado que se dé después de sumar dichas cantidades con las demás ganancias de capital a largo plazo y restar las pérdidas de capital a largo plazo es la ganancia o pérdida de capital neta a largo plazo (línea 15 del Anexo D (Formulario 1040)). Irs forms instructions 1040ez Total de la ganancia o pérdida neta. Irs forms instructions 1040ez   Para calcular el total de la ganancia o pérdida neta, sume la ganancia o pérdida de capital neta a corto plazo (línea 7 del Anexo D (Formulario 1040)) con la pérdida o ganancia de capital neta a largo plazo (línea 15 del Anexo D (Formulario 1040)). Irs forms instructions 1040ez Anote el resultado en la línea 16 de la Parte III del Anexo D (Formulario 1040). Irs forms instructions 1040ez Si tiene pérdidas que sobrepasen las ganancias, vea Pérdidas de Capital , que se encuentra a continuación. Irs forms instructions 1040ez Si las líneas 15 y 16 del Anexo D (Formulario 1040) son ganancias y el ingreso sujeto a impuestos en su Formulario 1040 es mayor de cero, vea Tasas Impositivas sobre Ganancias de Capital , más adelante. Irs forms instructions 1040ez Pérdidas de Capital Si las pérdidas de capital son mayores que las ganancias de capital, se puede declarar una deducción por pérdida de capital. Irs forms instructions 1040ez Declare la cantidad de la deducción en la línea 13 del Formulario 1040, anotándola entre paréntesis. Irs forms instructions 1040ez Límite sobre la deducción. Irs forms instructions 1040ez   La deducción por ganancia de capital permisible, calculada en el Anexo D (Formulario 1040), es la cantidad que sea menor de las siguientes: $3,000 ($1,500 si es casado y presenta una declaración por separado) o El total de la pérdida neta tal como aparece en la línea 16 del Anexo D (Formulario 1040). Irs forms instructions 1040ez   Puede usar el total de la pérdida neta para reducir sus ingresos en una cantidad equivalente, hasta el límite de $3,000. Irs forms instructions 1040ez Traslado de pérdida de capital. Irs forms instructions 1040ez   Si el total de la pérdida neta en la línea 16 del Anexo D (Formulario 1040) sobrepasa el límite anual de las deducciones de pérdida de capital, puede trasladar al año siguiente la parte sobrante y tratarla como si hubiera incurrido en la misma durante ese próximo año. Irs forms instructions 1040ez Si una parte de la pérdida sigue sin usarse, puede trasladarla a años posteriores hasta que se agote. Irs forms instructions 1040ez   Cuando calcule una cantidad de pérdida de capital que se trasladará al año siguiente, tiene que tener en cuenta la deducción permisible del año en curso, la haya reclamado o no, e independientemente de si presentó o no una declaración correspondiente al año en curso. Irs forms instructions 1040ez   Cuando traslade una pérdida a un año posterior, ésta sigue siendo una pérdida a largo plazo o corto plazo. Irs forms instructions 1040ez Una pérdida de capital a largo plazo que usted traslade al año tributario siguiente reducirá las ganancias de capital a largo plazo de dicho año antes de reducir las ganancias de capital a corto plazo de dicho año. Irs forms instructions 1040ez Cálculo de la cantidad trasladada al año siguiente. Irs forms instructions 1040ez   La cantidad de la pérdida de capital a trasladarse al año siguiente es la cantidad de pérdida neta total que sea mayor que la cantidad menor entre: La deducción por pérdida de capital permisible durante el año o Sus ingresos sujetos a impuestos aumentados por la deducción por pérdida de capital permisible durante el año y la deducción por exenciones personales. Irs forms instructions 1040ez   Si las deducciones son mayores que sus ingresos brutos del año tributario, utilice los ingresos negativos sujetos a impuestos al calcular la cantidad en el punto (2). Irs forms instructions 1040ez    Complete la Capital Loss Carryover Worksheet (Hoja de trabajo para calcular la pérdida de capital a trasladarse a años posteriores) en las Instrucciones del Anexo D o la Publicación 550, en inglés, para calcular la parte de la pérdida de capital que se pueda trasladar. Irs forms instructions 1040ez Ejemplo. Irs forms instructions 1040ez Roberto y Gloria vendieron valores bursátiles en 2013. Irs forms instructions 1040ez Las ventas dieron por resultado una pérdida de capital de $7,000. Irs forms instructions 1040ez No hicieron otras transacciones de capital. Irs forms instructions 1040ez Sus ingresos sujetos a impuestos fueron $26,000. Irs forms instructions 1040ez En la declaración conjunta de 2013, pueden deducir $3,000. Irs forms instructions 1040ez La parte de la pérdida que no usaron, $4,000 ($7,000 − $3,000), se puede trasladar a 2014. Irs forms instructions 1040ez Si la pérdida de capital hubiera sido $2,000, la deducción por pérdida de capital también habría sido $2,000. Irs forms instructions 1040ez No tendrían cantidad alguna a trasladar al año siguiente. Irs forms instructions 1040ez Utilice primero las pérdidas a corto plazo. Irs forms instructions 1040ez   Cuando calcule la cantidad a trasladarse al año siguiente, utilice primero las pérdidas de capital a corto plazo, aunque haya incurrido en las mismas después de una pérdida de capital a largo plazo. Irs forms instructions 1040ez Si no ha alcanzado el límite de la deducción por pérdidas de capital después de haber utilizado las pérdidas de capital a corto plazo, utilice las pérdidas de capital a largo plazo hasta alcanzar el límite. Irs forms instructions 1040ez Pérdida de capital de un difunto. Irs forms instructions 1040ez    Una pérdida de capital sufrida por una persona en su último año tributario antes de fallecer (o que se haya traspasado de un año anterior a dicho año) se puede deducir sólo en la última declaración del impuesto sobre el ingreso personal que se presente a nombre del difunto. Irs forms instructions 1040ez Los límites de pérdida de capital explicados anteriormente aún corresponden en este caso. Irs forms instructions 1040ez El caudal hereditario (patrimonio) del difunto no puede deducir ninguna parte de la pérdida ni trasladarla a años posteriores. Irs forms instructions 1040ez Declaraciones conjuntas y separadas. Irs forms instructions 1040ez   Si antes usted y su cónyuge presentaban declaraciones por separado y ahora presentan una declaración conjunta, sume las cantidades de pérdida de capital que cada uno de ustedes haya trasladado a un año siguiente. Irs forms instructions 1040ez No obstante, si antes usted y su cónyuge presentaban una declaración conjunta y ahora presentan declaraciones por separado, toda pérdida de capital que se haya trasladado a un año siguiente se puede deducir sólo en la declaración del cónyuge que de hecho sufrió la pérdida. Irs forms instructions 1040ez Tasas Impositivas sobre Ganancias de Capital Las tasas impositivas correspondientes a una ganancia neta de capital suelen ser más bajas que las que corresponden a otros ingresos. Irs forms instructions 1040ez Estas tasas reducidas se conocen como las “tasas máximas de ganancias de capital”. Irs forms instructions 1040ez El término “ganancia neta de capital” designa la cantidad por la que la ganancia neta de capital a largo plazo del año supera la pérdida de capital neta a corto plazo. Irs forms instructions 1040ez Para el año 2013, las tasas máximas correspondientes a ganancias de capital son 0%, 15%, 20%, 25% y 28%. Irs forms instructions 1040ez Vea la Tabla 16-1, para obtener información detallada. Irs forms instructions 1040ez Si para calcular el impuesto utiliza las tasas máximas correspondientes a ganancias de capital y el cálculo normal de impuestos le resulta en unos impuestos más bajos, el cálculo normal de impuestos es el que le corresponde. Irs forms instructions 1040ez Ejemplo. Irs forms instructions 1040ez Su ganancia neta de capital proviene en su totalidad de la venta de artículos coleccionables, por lo tanto, la tasa correspondiente a la ganancia de capital es 28%. Irs forms instructions 1040ez Si de otro modo está sujeto a una tasa menor del 28%, la tasa del 28% no corresponde. Irs forms instructions 1040ez Deducción de los intereses de inversiones. Irs forms instructions 1040ez   Si declara una deducción de intereses de inversiones, tal vez tenga que reducir la cantidad de su ganancia neta de capital que reúna los requisitos para las tasas impositivas sobre ganancias de capital. Irs forms instructions 1040ez Réstele la cantidad de la ganancia neta de capital que opte por incluir en los ingresos de inversiones al calcular el límite de la deducción de los mismos. Irs forms instructions 1040ez Para hacer esto, se utiliza la Schedule D Tax Worksheet (Hoja de trabajo para los impuestos del Anexo D) en las Instrucciones para el Anexo D (Formulario 1040), en inglés, o la Qualified Dividends and Capital Gain Tax Worksheet (Hoja de trabajo para los impuestos sobre dividendos calificados y ganancias de capital), que se encuentra en las instrucciones por separado correspondientes a los Formularios 1040 y 1040A, en inglés. Irs forms instructions 1040ez Para más información acerca del límite de los intereses procedentes de inversiones, vea Interest Expenses (Gastos de intereses) en el capítulo 3 de la Publicación 550, en inglés. Irs forms instructions 1040ez Tabla 16-1. Irs forms instructions 1040ez ¿Cuál es la Tasa Máxima de Ganancias de Capital que le Corresponde? SI la ganancia neta de capital se deriva de . Irs forms instructions 1040ez . Irs forms instructions 1040ez . Irs forms instructions 1040ez ENTONCES la  tasa máxima de  ganancia de capital es . Irs forms instructions 1040ez . Irs forms instructions 1040ez . Irs forms instructions 1040ez una ganancia producto de artículos coleccionables 28% una ganancia, la cual reúne los requisitos, sobre acciones de pequeños negocios calificados menos la exclusión conforme a la sección 1202 28% una ganancia conforme a la sección 1250 no recuperada 25% otra ganancia1 y la tasa impositiva normal correspondiente es 39. Irs forms instructions 1040ez 6% 20% otra ganancia1 y la tasa impositiva normal correspondiente es 25%, 28%, 33% o 35% 15% otra ganancia1 y la tasa impositiva normal correspondiente es 10% o 15% 0% 1 El término “otra ganancia” significa toda ganancia que no sea una ganancia procedente de artículos coleccionables, ganancia sobre acciones de pequeños negocios calificados o una ganancia conforme a la sección 1250 no recuperada. Irs forms instructions 1040ez     Ganancia o pérdida procedente de artículos coleccionables. Irs forms instructions 1040ez   Ésta es una ganancia o pérdida que se deriva de la venta o canje de una obra de arte, alfombra, antigüedad, metal (como oro, plata y platino en barras), piedra preciosa, estampilla o sello, moneda o bebida alcohólica que haya tenido más de 1 año. Irs forms instructions 1040ez   Se considera que una ganancia procedente de artículos coleccionables abarca las ganancias resultantes de la venta de una participación en una sociedad colectiva, sociedad anónima de tipo S o fideicomiso, generadas por una plusvalía no realizada de dichos artículos coleccionables. Irs forms instructions 1040ez Ganancia sobre acciones de pequeños negocios calificados. Irs forms instructions 1040ez    Si obtuvo una ganancia de acciones de pequeños negocios calificados y fue dueño de dichas acciones durante más de 5 años, normalmente puede excluir de los ingresos una parte o la totalidad de su ganancia bajo la sección 1202. Irs forms instructions 1040ez La ganancia que cumple los requisitos, menos la exclusión conforme a la sección 1202, es una ganancia con una tasa de 28%. Irs forms instructions 1040ez Vea Gains on Qualified Small Business Stock (Ganancias de acciones de pequeños negocios calificados) en el capítulo 4 de la Publicación 550, en inglés. Irs forms instructions 1040ez Ganancia conforme a la sección 1250 no recuperada. Irs forms instructions 1040ez    Por lo general, ésta es toda parte de la ganancia de capital que se haya originado por la venta de bienes conforme a la sección 1250 (bienes raíces) debido a depreciación (pero no más que la ganancia neta conforme a la sección 1231) menos toda pérdida neta en el grupo del 28%. Irs forms instructions 1040ez Use la Unrecaptured Section 1250 Gain Worksheet (Hoja de trabajo de ganancias no recuperadas conforme a la sección 1250) de las Instrucciones del Anexo D (Formulario 1040), en inglés, para calcular la ganancia no recuperada conforme a la sección 1250. Irs forms instructions 1040ez Para más información sobre bienes conforme a la sección 1250 y ganancias conforme a la sección 1231, vea el capítulo 3 de la Publicación 544, en inglés. Irs forms instructions 1040ez Cálculo de los impuestos a base de las tasas máximas de ganancias de capital. Irs forms instructions 1040ez   Utilice la Qualified Dividends and Capital Gain Tax Worksheet (Hoja de trabajo para los impuestos sobre dividendos calificados y ganancias de capital) o la Schedule D Tax Worksheet (Hoja de trabajo para los impuestos del Anexo D), la que corresponda, para calcular su impuesto si ha recibido dividendos calificados o ganancia neta de capital. Irs forms instructions 1040ez Tiene ganancia neta de capital si las cantidades de las líneas 15 y 16 del Anexo D ambas son ganancias. Irs forms instructions 1040ez Hoja de trabajo para los impuestos del Anexo D. Irs forms instructions 1040ez   Utilice la Schedule D Tax Worksheet (Hoja de trabajo para los impuestos del Anexo D) que se encuentra en las Instrucciones del Anexo D (Formulario 1040) para calcular el impuesto si se dan las siguientes condiciones: Tiene que presentar el Anexo D (Formulario 1040) y La cantidad de la línea 18 (ganancia a una tasa de 28%) o la línea 19 (ganancia no recuperada conforme a la sección 1250) del Anexo D (Formulario 1040) es mayor de cero. Irs forms instructions 1040ez Hoja de trabajo para el impuesto sobre dividendos calificados y ganancias de capital. Irs forms instructions 1040ez   Utilice la Qualified Dividends and Capital Gain Tax Worksheet (Hoja de trabajo para el impuesto sobre los dividendos calificados y ganancias de capital) de las instrucciones del Formulario 1040 o Formulario 1040A (el que presente) para calcular el impuesto si no tiene que utilizar la Hoja de trabajo para los impuestos del Anexo D (como se explica anteriormente) y corresponde cualquiera de los siguientes puntos: Recibió dividendos calificados. Irs forms instructions 1040ez (Vea Dividendos Calificados en el capítulo 8). Irs forms instructions 1040ez No tiene que presentar el Anexo D (Formulario 1040) y recibió distribuciones de ganancias de capital. Irs forms instructions 1040ez (Vea Excepciones a la presentación del Formulario 8949 y el Anexo D (Formulario 1040) , anteriormente). Irs forms instructions 1040ez Las cantidades de las líneas 15 y 16 del Anexo D (Formulario 1040) son mayores de cero. Irs forms instructions 1040ez Impuesto mínimo alternativo. Irs forms instructions 1040ez   Estas tasas de ganancias de capital se utilizan también para calcular el impuesto mínimo alternativo. Irs forms instructions 1040ez Prev  Up  Next   Home   More Online Publications