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Tax Returns For Students

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Tax Returns For Students

Tax returns for students Publication 575 - Main Content Table of Contents General InformationPension. Tax returns for students Annuity. Tax returns for students Qualified employee plan. Tax returns for students Qualified employee annuity. Tax returns for students Designated Roth account. Tax returns for students Tax-sheltered annuity plan. Tax returns for students Fixed-period annuities. Tax returns for students Annuities for a single life. Tax returns for students Joint and survivor annuities. Tax returns for students Variable annuities. Tax returns for students Disability pensions. Tax returns for students Variable Annuities Section 457 Deferred Compensation Plans Disability Pensions Insurance Premiums for Retired Public Safety Officers Railroad Retirement Benefits Withholding Tax and Estimated Tax Cost (Investment in the Contract)Foreign employment contributions while a nonresident alien. Tax returns for students Taxation of Periodic PaymentsPeriod of participation. Tax returns for students Fully Taxable Payments Partly Taxable Payments Taxation of Nonperiodic PaymentsFiguring the Taxable Amount Loans Treated as Distributions Transfers of Annuity Contracts Lump-Sum Distributions RolloversExceptions. Tax returns for students No tax withheld. Tax returns for students Partial rollovers. Tax returns for students Frozen deposits. Tax returns for students Reasonable period of time. Tax returns for students 20% Mandatory withholding. Tax returns for students How to report. Tax returns for students How to report. Tax returns for students Special rule for Roth IRAs and designated Roth accounts. Tax returns for students Special Additional TaxesTax on Early Distributions Tax on Excess Accumulation Survivors and BeneficiariesGuaranteed payments. Tax returns for students How To Get Tax HelpLow Income Taxpayer Clinics General Information Definitions. Tax returns for students   Some of the terms used in this publication are defined in the following paragraphs. Tax returns for students Pension. Tax returns for students   A pension is generally a series of definitely determinable payments made to you after you retire from work. Tax returns for students Pension payments are made regularly and are based on such factors as years of service and prior compensation. Tax returns for students Annuity. Tax returns for students   An annuity is a series of payments under a contract made at regular intervals over a period of more than one full year. Tax returns for students They can be either fixed (under which you receive a definite amount) or variable (not fixed). Tax returns for students You can buy the contract alone or with the help of your employer. Tax returns for students Qualified employee plan. Tax returns for students   A qualified employee plan is an employer's stock bonus, pension, or profit-sharing plan that is for the exclusive benefit of employees or their beneficiaries and that meets Internal Revenue Code requirements. Tax returns for students It qualifies for special tax benefits, such as tax deferral for employer contributions and capital gain treatment or the 10-year tax option for lump-sum distributions (if participants qualify). Tax returns for students To determine whether your plan is a qualified plan, check with your employer or the plan administrator. Tax returns for students Qualified employee annuity. Tax returns for students   A qualified employee annuity is a retirement annuity purchased by an employer for an employee under a plan that meets Internal Revenue Code requirements. Tax returns for students Designated Roth account. Tax returns for students   A designated Roth account is a separate account created under a qualified Roth contribution program to which participants may elect to have part or all of their elective deferrals to a 401(k), 403(b), or 457(b) plan designated as Roth contributions. Tax returns for students Elective deferrals that are designated as Roth contributions are included in your income. Tax returns for students However, qualified distributions (explained later) are not included in your income. Tax returns for students You should check with your plan administrator to determine if your plan will accept designated Roth contributions. Tax returns for students Tax-sheltered annuity plan. Tax returns for students   A tax-sheltered annuity plan (often referred to as a 403(b) plan or a tax-deferred annuity plan) is a retirement plan for employees of public schools and certain tax-exempt organizations. Tax returns for students Generally, a tax-sheltered annuity plan provides retirement benefits by purchasing annuity contracts for its participants. Tax returns for students Types of pensions and annuities. Tax returns for students   Pensions and annuities include the following types. Tax returns for students Fixed-period annuities. Tax returns for students   You receive definite amounts at regular intervals for a specified length of time. Tax returns for students Annuities for a single life. Tax returns for students   You receive definite amounts at regular intervals for life. Tax returns for students The payments end at death. Tax returns for students Joint and survivor annuities. Tax returns for students   The first annuitant receives a definite amount at regular intervals for life. Tax returns for students After he or she dies, a second annuitant receives a definite amount at regular intervals for life. Tax returns for students The amount paid to the second annuitant may or may not differ from the amount paid to the first annuitant. Tax returns for students Variable annuities. Tax returns for students   You receive payments that may vary in amount for a specified length of time or for life. Tax returns for students The amounts you receive may depend upon such variables as profits earned by the pension or annuity funds, cost-of-living indexes, or earnings from a mutual fund. Tax returns for students Disability pensions. Tax returns for students   You receive disability payments because you retired on disability and have not reached minimum retirement age. Tax returns for students More than one program. Tax returns for students   You may receive employee plan benefits from more than one program under a single trust or plan of your employer. Tax returns for students If you participate in more than one program, you may have to treat each as a separate pension or annuity contract, depending upon the facts in each case. Tax returns for students Also, you may be considered to have received more than one pension or annuity. Tax returns for students Your former employer or the plan administrator should be able to tell you if you have more than one contract. Tax returns for students Example. Tax returns for students Your employer set up a noncontributory profit-sharing plan for its employees. Tax returns for students The plan provides that the amount held in the account of each participant will be paid when that participant retires. Tax returns for students Your employer also set up a contributory defined benefit pension plan for its employees providing for the payment of a lifetime pension to each participant after retirement. Tax returns for students The amount of any distribution from the profit-sharing plan depends on the contributions (including allocated forfeitures) made for the participant and the earnings from those contributions. Tax returns for students Under the pension plan, however, a formula determines the amount of the pension benefits. Tax returns for students The amount of contributions is the amount necessary to provide that pension. Tax returns for students Each plan is a separate program and a separate contract. Tax returns for students If you get benefits from these plans, you must account for each separately, even though the benefits from both may be included in the same check. Tax returns for students Distributions from a designated Roth account are treated separately from other distributions from the plan. Tax returns for students Qualified domestic relations order (QDRO). Tax returns for students   A QDRO is a judgment, decree, or order relating to payment of child support, alimony, or marital property rights to a spouse, former spouse, child, or other dependent of a participant in a retirement plan. Tax returns for students The QDRO must contain certain specific information, such as the name and last known mailing address of the participant and each alternate payee, and the amount or percentage of the participant's benefits to be paid to each alternate payee. Tax returns for students A QDRO may not award an amount or form of benefit that is not available under the plan. Tax returns for students   A spouse or former spouse who receives part of the benefits from a retirement plan under a QDRO reports the payments received as if he or she were a plan participant. Tax returns for students The spouse or former spouse is allocated a share of the participant's cost (investment in the contract) equal to the cost times a fraction. Tax returns for students The numerator of the fraction is the present value of the benefits payable to the spouse or former spouse. Tax returns for students The denominator is the present value of all benefits payable to the participant. Tax returns for students   A distribution that is paid to a child or other dependent under a QDRO is taxed to the plan participant. Tax returns for students Variable Annuities The tax rules in this publication apply both to annuities that provide fixed payments and to annuities that provide payments that vary in amount based on investment results or other factors. Tax returns for students For example, they apply to commercial variable annuity contracts, whether bought by an employee retirement plan for its participants or bought directly from the issuer by an individual investor. Tax returns for students Under these contracts, the owner can generally allocate the purchase payments among several types of investment portfolios or mutual funds and the contract value is determined by the performance of those investments. Tax returns for students The earnings are not taxed until distributed either in a withdrawal or in annuity payments. Tax returns for students The taxable part of a distribution is treated as ordinary income. Tax returns for students Net investment income tax. Tax returns for students   Beginning in 2013, annuities under a nonqualified plan are included in calculating your net investment income for the net investment income tax (NIIT). Tax returns for students For information see the Instructions for Form 8960, Net Investment Income Tax — Individuals, Estates and Trusts. Tax returns for students For information on the tax treatment of a transfer or exchange of a variable annuity contract, see Transfers of Annuity Contracts under Taxation of Nonperiodic Payments, later. Tax returns for students Withdrawals. Tax returns for students   If you withdraw funds before your annuity starting date and your annuity is under a qualified retirement plan, a ratable part of the amount withdrawn is tax free. Tax returns for students The tax-free part is based on the ratio of your cost (investment in the contract) to your account balance under the plan. Tax returns for students   If your annuity is under a nonqualified plan (including a contract you bought directly from the issuer), the amount withdrawn is allocated first to earnings (the taxable part) and then to your cost (the tax-free part). Tax returns for students However, if you bought your annuity contract before August 14, 1982, a different allocation applies to the investment before that date and the earnings on that investment. Tax returns for students To the extent the amount withdrawn does not exceed that investment and earnings, it is allocated first to your cost (the tax-free part) and then to earnings (the taxable part). Tax returns for students   If you withdraw funds (other than as an annuity) on or after your annuity starting date, the entire amount withdrawn is generally taxable. Tax returns for students   The amount you receive in a full surrender of your annuity contract at any time is tax free to the extent of any cost that you have not previously recovered tax free. Tax returns for students The rest is taxable. Tax returns for students   For more information on the tax treatment of withdrawals, see Taxation of Nonperiodic Payments , later. Tax returns for students If you withdraw funds from your annuity before you reach age 59½, also see Tax on Early Distributions under Special Additional Taxes, later. Tax returns for students Annuity payments. Tax returns for students   If you receive annuity payments under a variable annuity plan or contract, you recover your cost tax free under either the Simplified Method or the General Rule, as explained under Taxation of Periodic Payments , later. Tax returns for students For a variable annuity paid under a qualified plan, you generally must use the Simplified Method. Tax returns for students For a variable annuity paid under a nonqualified plan (including a contract you bought directly from the issuer), you must use a special computation under the General Rule. Tax returns for students For more information, see Variable annuities in Publication 939 under Computation Under the General Rule. Tax returns for students Death benefits. Tax returns for students    If you receive a single-sum distribution from a variable annuity contract because of the death of the owner or annuitant, the distribution is generally taxable only to the extent it is more than the unrecovered cost of the contract. Tax returns for students If you choose to receive an annuity, the payments are subject to tax as described above. Tax returns for students If the contract provides a joint and survivor annuity and the primary annuitant had received annuity payments before death, you figure the tax-free part of annuity payments you receive as the survivor in the same way the primary annuitant did. Tax returns for students See Survivors and Beneficiaries , later. Tax returns for students Section 457 Deferred Compensation Plans If you work for a state or local government or for a tax-exempt organization, you may be able to participate in a section 457 deferred compensation plan. Tax returns for students If your plan is an eligible plan, you are not taxed currently on pay that is deferred under the plan or on any earnings from the plan's investment of the deferred pay. Tax returns for students You are generally taxed on amounts deferred in an eligible state or local government plan only when they are distributed from the plan. Tax returns for students You are taxed on amounts deferred in an eligible tax-exempt organization plan when they are distributed or otherwise made available to you. Tax returns for students Your 457(b) plan may have a designated Roth account option. Tax returns for students If so, you may be able to roll over amounts to the designated Roth account or make contributions. Tax returns for students Elective deferrals to a designated Roth account are included in your income. Tax returns for students Qualified distributions (explained later) are not included in your income. Tax returns for students See the Designated Roth accounts discussion under Taxation of Periodic Payments, later. Tax returns for students This publication covers the tax treatment of benefits under eligible section 457 plans, but it does not cover the treatment of deferrals. Tax returns for students For information on deferrals under section 457 plans, see Retirement Plan Contributions under Employee Compensation in Publication 525. Tax returns for students Is your plan eligible?   To find out if your plan is an eligible plan, check with your employer. Tax returns for students Plans that are not eligible section 457 plans include the following: Bona fide vacation leave, sick leave, compensatory time, severance pay, disability pay, or death benefit plans. Tax returns for students Nonelective deferred compensation plans for nonemployees (independent contractors). Tax returns for students Deferred compensation plans maintained by churches. Tax returns for students Length of service award plans for bona fide volunteer firefighters and emergency medical personnel. Tax returns for students An exception applies if the total amount paid to a volunteer exceeds $3,000 for any year of service. Tax returns for students Disability Pensions If you retired on disability, you generally must include in income any disability pension you receive under a plan that is paid for by your employer. Tax returns for students You must report your taxable disability payments as wages on line 7 of Form 1040 or Form 1040A or on line 8 of Form 1040NR until you reach minimum retirement age. Tax returns for students Minimum retirement age generally is the age at which you can first receive a pension or annuity if you are not disabled. Tax returns for students You may be entitled to a tax credit if you were permanently and totally disabled when you retired. Tax returns for students For information on this credit, see Publication 524. Tax returns for students Beginning on the day after you reach minimum retirement age, payments you receive are taxable as a pension or annuity. Tax returns for students Report the payments on Form 1040, lines 16a and 16b; Form 1040A, lines 12a and 12b; or on Form 1040NR, lines 17a and 17b. Tax returns for students Disability payments for injuries incurred as a direct result of a terrorist attack directed against the United States (or its allies) are not included in income. Tax returns for students For more information about payments to survivors of terrorist attacks, see Publication 3920, Tax Relief for Victims of Terrorist Attacks. Tax returns for students Insurance Premiums for Retired Public Safety Officers If you are an eligible retired public safety officer (law enforcement officer, firefighter, chaplain, or member of a rescue squad or ambulance crew), you can elect to exclude from income distributions made from your eligible retirement plan that are used to pay the premiums for accident or health insurance or long-term care insurance. Tax returns for students The premiums can be for coverage for you, your spouse, or dependents. Tax returns for students The distribution must be made directly from the plan to the insurance provider. Tax returns for students You can exclude from income the smaller of the amount of the insurance premiums or $3,000. Tax returns for students You can only make this election for amounts that would otherwise be included in your income. Tax returns for students The amount excluded from your income cannot be used to claim a medical expense deduction. Tax returns for students An eligible retirement plan is a governmental plan that is: a qualified trust, a section 403(a) plan, a section 403(b) annuity, or a section 457(b) plan. Tax returns for students If you make this election, reduce the otherwise taxable amount of your pension or annuity by the amount excluded. Tax returns for students The amount shown in box 2a of Form 1099-R does not reflect this exclusion. Tax returns for students Report your total distributions on Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a. Tax returns for students Report the taxable amount on Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b. Tax returns for students Enter “PSO” next to the appropriate line on which you report the taxable amount. Tax returns for students If you are retired on disability and reporting your disability pension on line 7 of Form 1040 or Form 1040A, or line 8 of Form 1040NR, include only the taxable amount on that line and enter “PSO” and the amount excluded on the dotted line next to the applicable line. Tax returns for students Railroad Retirement Benefits Benefits paid under the Railroad Retirement Act fall into two categories. Tax returns for students These categories are treated differently for income tax purposes. Tax returns for students The first category is the amount of tier 1 railroad retirement benefits that equals the social security benefit that a railroad employee or beneficiary would have been entitled to receive under the social security system. Tax returns for students This part of the tier 1 benefit is the social security equivalent benefit (SSEB) and you treat it for tax purposes like social security benefits. Tax returns for students If you received, repaid, or had tax withheld from the SSEB portion of tier 1 benefits during 2013, you will receive Form RRB-1099, Payments by the Railroad Retirement Board (or Form RRB-1042S, Statement for Nonresident Alien Recipients of Payments by the Railroad Retirement Board, if you are a nonresident alien) from the U. Tax returns for students S. Tax returns for students Railroad Retirement Board (RRB). Tax returns for students For more information about the tax treatment of the SSEB portion of tier 1 benefits and Forms RRB-1099 and RRB-1042S, see Publication 915. Tax returns for students The second category contains the rest of the tier 1 railroad retirement benefits, called the non-social security equivalent benefit (NSSEB). Tax returns for students It also contains any tier 2 benefit, vested dual benefit (VDB), and supplemental annuity benefit. Tax returns for students Treat this category of benefits, shown on Form RRB-1099-R, as an amount received from a qualified employee plan. Tax returns for students This allows for the tax-free (nontaxable) recovery of employee contributions from the tier 2 benefits and the NSSEB part of the tier 1 benefits. Tax returns for students (The NSSEB and tier 2 benefits, less certain repayments, are combined into one amount called the Contributory Amount Paid on Form RRB-1099-R. Tax returns for students ) Vested dual benefits and supplemental annuity benefits are non-contributory pensions and are fully taxable. Tax returns for students See Taxation of Periodic Payments , later, for information on how to report your benefits and how to recover the employee contributions tax free. Tax returns for students Form RRB-1099-R is used for U. Tax returns for students S. Tax returns for students citizens, resident aliens, and nonresident aliens. Tax returns for students Nonresident aliens. Tax returns for students   A nonresident alien is an individual who is not a citizen or a resident alien of the United States. Tax returns for students Nonresident aliens are subject to mandatory U. Tax returns for students S. Tax returns for students tax withholding unless exempt under a tax treaty between the United States and their country of legal residency. Tax returns for students A tax treaty exemption may reduce or eliminate tax withholding from railroad retirement benefits. Tax returns for students See Tax withholding next for more information. Tax returns for students   If you are a nonresident alien and your tax withholding rate changed or your country of legal residence changed during the year, you may receive more than one Form RRB-1042S or Form RRB-1099-R. Tax returns for students To determine your total benefits paid or repaid and total tax withheld for the year, you should add the amounts shown on all forms you received for that year. Tax returns for students For information on filing requirements for aliens, see Publication 519, U. Tax returns for students S. Tax returns for students Tax Guide for Aliens. Tax returns for students For information on tax treaties between the United States and other countries that may reduce or eliminate U. Tax returns for students S. Tax returns for students tax on your benefits, see Publication 901, U. Tax returns for students S. Tax returns for students Tax Treaties. Tax returns for students Tax withholding. Tax returns for students   To request or change your income tax withholding from SSEB payments, U. Tax returns for students S. Tax returns for students citizens should contact the IRS for Form W-4V, Voluntary Withholding Request, and file it with the RRB. Tax returns for students To elect, revoke, or change your income tax withholding from NSSEB, tier 2, VDB, and supplemental annuity payments received, use Form RRB W-4P, Withholding Certificate for Railroad Retirement Payments. Tax returns for students If you are a nonresident alien or a U. Tax returns for students S. Tax returns for students citizen living abroad, you should provide Form RRB-1001, Nonresident Questionnaire, to the RRB to furnish citizenship and residency information and to claim any treaty exemption from U. Tax returns for students S. Tax returns for students tax withholding. Tax returns for students Nonresident U. Tax returns for students S. Tax returns for students citizens cannot elect to be exempt from withholding on payments delivered outside of the U. Tax returns for students S. Tax returns for students Help from the RRB. Tax returns for students   To request an RRB form or to get help with questions about an RRB benefit, you should contact your nearest RRB field office if you reside in the United States (call 1-877-772-5772 for the nearest field office) or U. Tax returns for students S. Tax returns for students consulate/Embassy if you reside outside the United States. Tax returns for students You can visit the RRB on the Internet at www. Tax returns for students rrb. Tax returns for students gov. Tax returns for students Form RRB-1099-R. Tax returns for students   The following discussion explains the items shown on Form RRB-1099-R. Tax returns for students The amounts shown on this form are before any deduction for: Federal income tax withholding, Medicare premiums, Legal process garnishment payments, Recovery of a prior year overpayment of an NSSEB, tier 2 benefit, VDB, or supplemental annuity benefit, or Recovery of Railroad Unemployment Insurance Act benefits received while awaiting payment of your railroad retirement annuity. Tax returns for students   The amounts shown on this form are after any offset for: Social Security benefits, Age reduction, Public Service pensions or public disability benefits, Dual railroad retirement entitlement under another RRB claim number, Work deductions, Legal process partition deductions, Actuarial adjustment, Annuity waiver, or Recovery of a current-year overpayment of NSSEB, tier 2, VDB, or supplemental annuity benefits. Tax returns for students   The amounts shown on Form RRB-1099-R do not reflect any special rules, such as capital gain treatment or the special 10-year tax option for lump-sum payments, or tax-free rollovers. Tax returns for students To determine if any of these rules apply to your benefits, see the discussions about them later. Tax returns for students   Generally, amounts shown on your Form RRB-1099-R are considered a normal distribution. Tax returns for students Use distribution code “7” if you are asked for a distribution code. Tax returns for students Distribution codes are not shown on Form RRB-1099-R. Tax returns for students   There are three copies of this form. Tax returns for students Copy B is to be included with your income tax return if federal income tax is withheld. Tax returns for students Copy C is for your own records. Tax returns for students Copy 2 is filed with your state, city, or local income tax return, when required. Tax returns for students See the illustrated Copy B (Form RRB-1099-R) above. Tax returns for students       Each beneficiary will receive his or her own Form RRB-1099-R. Tax returns for students If you receive benefits on more than one railroad retirement record, you may get more than one Form RRB-1099-R. Tax returns for students So that you get your form timely, make sure the RRB always has your current mailing address. Tax returns for students Please click here for the text description of the image. Tax returns for students Form RRB-1099-R Box 1—Claim Number and Payee Code. Tax returns for students   Your claim number is a six- or nine-digit number preceded by an alphabetical prefix. Tax returns for students This is the number under which the RRB paid your benefits. Tax returns for students Your payee code follows your claim number and is the last number in this box. Tax returns for students It is used by the RRB to identify you under your claim number. Tax returns for students In all your correspondence with the RRB, be sure to use the claim number and payee code shown in this box. Tax returns for students Box 2—Recipient's Identification Number. Tax returns for students   This is the recipient's U. Tax returns for students S. Tax returns for students taxpayer identification number. Tax returns for students It is the social security number (SSN), individual taxpayer identification number (ITIN), or employer identification number (EIN), if known, for the person or estate listed as the recipient. Tax returns for students If you are a resident or nonresident alien who must furnish a taxpayer identification number to the IRS and are not eligible to obtain an SSN, use Form W-7, Application for IRS Individual Taxpayer Identification Number, to apply for an ITIN. Tax returns for students The Instructions for Form W-7 explain how and when to apply. Tax returns for students Box 3—Employee Contributions. Tax returns for students   This is the amount of taxes withheld from the railroad employee's earnings that exceeds the amount of taxes that would have been withheld had the earnings been covered under the social security system. Tax returns for students This amount is the employee's cost that you use to figure the tax-free part of the NSSEB and tier 2 benefit you received (the amount shown in box 4). Tax returns for students (For information on how to figure the tax-free part, see Partly Taxable Payments under Taxation of Periodic Payments, later. Tax returns for students ) The amount shown is the total employee contribution amount, not reduced by any amounts that the RRB calculated as previously recovered. Tax returns for students It is the latest amount reported for 2013 and may have increased or decreased from a previous Form RRB-1099-R. Tax returns for students If this amount has changed, the change is retroactive. Tax returns for students You may need to refigure the tax-free part of your NSSEB/tier 2 benefit for 2013 and prior tax years. Tax returns for students If this box is blank, it means that the amount of your NSSEB and tier 2 payments shown in box 4 is fully taxable. Tax returns for students    If you had a previous annuity entitlement that ended and you are figuring the tax-free part of your NSSEB/tier 2 benefit for your current annuity entitlement, you should contact the RRB for confirmation of your correct employee contribution amount. Tax returns for students Box 4—Contributory Amount Paid. Tax returns for students   This is the gross amount of the NSSEB and tier 2 benefit you received in 2013, less any 2013 benefits you repaid in 2013. Tax returns for students (Any benefits you repaid in 2013 for an earlier year or for an unknown year are shown in box 8. Tax returns for students ) This amount is the total contributory pension paid in 2013. Tax returns for students It may be partly taxable and partly tax free or fully taxable. Tax returns for students If you determine you are eligible to compute a tax-free part as explained later in Partly Taxable Payments under Taxation of Periodic Payments, use the latest reported employee contribution amount shown in box 3 as the cost. Tax returns for students Box 5—Vested Dual Benefit. Tax returns for students   This is the gross amount of vested dual benefit (VDB) payments paid in 2013, less any 2013 VDB payments you repaid in 2013. Tax returns for students It is fully taxable. Tax returns for students VDB payments you repaid in 2013 for an earlier year or for an unknown year are shown in box 8. Tax returns for students Note. Tax returns for students The amounts shown in boxes 4 and 5 may represent payments for 2013 and/or other years after 1983. Tax returns for students Box 6—Supplemental Annuity. Tax returns for students   This is the gross amount of supplemental annuity benefits paid in 2013, less any 2013 supplemental annuity benefits you repaid in 2013. Tax returns for students It is fully taxable. Tax returns for students Supplemental annuity benefits you repaid in 2013 for an earlier year or for an unknown year are shown in box 8. Tax returns for students Box 7—Total Gross Paid. Tax returns for students   This is the sum of boxes 4, 5, and 6. Tax returns for students The amount represents the total pension paid in 2013. Tax returns for students Include this amount on Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a. Tax returns for students Box 8—Repayments. Tax returns for students   This amount represents any NSSEB, tier 2 benefit, VDB, and supplemental annuity benefit you repaid to the RRB in 2013 for years before 2013 or for unknown years. Tax returns for students The amount shown in this box has not been deducted from the amounts shown in boxes 4, 5, and 6. Tax returns for students It only includes repayments of benefits that were taxable to you. Tax returns for students This means it only includes repayments in 2013 of NSSEB benefits paid after 1985, tier 2 and VDB benefits paid after 1983, and supplemental annuity benefits paid in any year. Tax returns for students If you included the benefits in your income in the year you received them, you may be able to deduct the repaid amount. Tax returns for students For more information about repayments, see Repayment of benefits received in an earlier year , later. Tax returns for students    You may have repaid an overpayment of benefits by returning a payment, by making a payment, or by having an amount withheld from your railroad retirement annuity payment. Tax returns for students Box 9—Federal Income Tax Withheld. Tax returns for students   This is the total federal income tax withheld from your NSSEB, tier 2 benefit, VDB, and supplemental annuity benefit. Tax returns for students Include this on your income tax return as tax withheld. Tax returns for students If you are a nonresident alien and your tax withholding rate and/or country of legal residence changed during 2013, you will receive more than one Form RRB-1099-R for 2013. Tax returns for students Determine the total amount of U. Tax returns for students S. Tax returns for students federal income tax withheld from your 2013 RRB NSSEB, tier 2, VDB, and supplemental annuity payments by adding the amounts in box 9 of all original 2013 Forms RRB-1099-R, or the latest corrected or duplicate Forms RRB-1099-R you receive. Tax returns for students Box 10—Rate of Tax. Tax returns for students   If you are taxed as a U. Tax returns for students S. Tax returns for students citizen or resident alien, this box does not apply to you. Tax returns for students If you are a nonresident alien, an entry in this box indicates the rate at which tax was withheld on the NSSEB, tier 2, VDB, and supplemental annuity payments that were paid to you in 2013. Tax returns for students If you are a nonresident alien whose tax was withheld at more than one rate during 2013, you will receive a separate Form RRB-1099-R for each rate change during 2013. Tax returns for students Box 11—Country. Tax returns for students   If you are taxed as a U. Tax returns for students S. Tax returns for students citizen or resident alien, this box does not apply to you. Tax returns for students If you are a nonresident alien, an entry in this box indicates the country of which you were a resident for tax purposes at the time you received railroad retirement payments in 2013. Tax returns for students If you are a nonresident alien who was a resident of more than one country during 2013, you will receive a separate Form RRB-1099-R for each country of residence during 2013. Tax returns for students Box 12—Medicare Premium Total. Tax returns for students   This is for information purposes only. Tax returns for students The amount shown in this box represents the total amount of Part B Medicare premiums deducted from your railroad retirement annuity payments in 2013. Tax returns for students Medicare premium refunds are not included in the Medicare total. Tax returns for students The Medicare total is normally shown on Form RRB-1099 (if you are a citizen or resident alien of the United States) or Form RRB-1042S (if you are a nonresident alien). Tax returns for students However, if Form RRB-1099 or Form RRB-1042S is not required for 2013, then this total will be shown on Form RRB-1099-R. Tax returns for students If your Medicare premiums were deducted from your social security benefits, paid by a third party, refunded to you, and/or you paid the premiums by direct billing, your Medicare total will not be shown in this box. Tax returns for students Repayment of benefits received in an earlier year. Tax returns for students   If you had to repay any railroad retirement benefits that you had included in your income in an earlier year because at that time you thought you had an unrestricted right to it, you can deduct the amount you repaid in the year in which you repaid it. Tax returns for students   If you repaid $3,000 or less in 2013, deduct it on Schedule A (Form 1040), line 23. Tax returns for students The 2%-of-adjusted-gross-income limit applies to this deduction. Tax returns for students You cannot take this deduction if you file Form 1040A. Tax returns for students    If you repaid more than $3,000 in 2013, you can either take a deduction for the amount repaid on Schedule A (Form 1040), line 28 or you can take a credit against your tax. Tax returns for students For more information, see Repayments in Publication 525. Tax returns for students Withholding Tax and Estimated Tax Your retirement plan distributions are subject to federal income tax withholding. Tax returns for students However, you can choose not to have tax withheld on payments you receive unless they are eligible rollover distributions. Tax returns for students (These are distributions, described later under Rollovers, that are eligible for rollover treatment but are not paid directly to another qualified retirement plan or to a traditional IRA. Tax returns for students ) If you choose not to have tax withheld or if you do not have enough tax withheld, you may have to make estimated tax payments. Tax returns for students See Estimated tax , later. Tax returns for students The withholding rules apply to the taxable part of payments you receive from: An employer pension, annuity, profit-sharing, or stock bonus plan, Any other deferred compensation plan, A traditional individual retirement arrangement (IRA), or A commercial annuity. Tax returns for students For this purpose, a commercial annuity means an annuity, endowment, or life insurance contract issued by an insurance company. Tax returns for students There will be no withholding on any part of a distribution where it is reasonable to believe that it will not be includible in gross income. Tax returns for students Choosing no withholding. Tax returns for students   You can choose not to have income tax withheld from retirement plan payments unless they are eligible rollover distributions. Tax returns for students You can make this choice on Form W-4P for periodic and nonperiodic payments. Tax returns for students This choice generally remains in effect until you revoke it. Tax returns for students   The payer will ignore your choice not to have tax withheld if: You do not give the payer your social security number (in the required manner), or The IRS notifies the payer, before the payment is made, that you gave an incorrect social security number. Tax returns for students   To choose not to have tax withheld, a U. Tax returns for students S. Tax returns for students citizen or resident alien must give the payer a home address in the United States or its possessions. Tax returns for students Without that address, the payer must withhold tax. Tax returns for students For example, the payer has to withhold tax if the recipient has provided a U. Tax returns for students S. Tax returns for students address for a nominee, trustee, or agent to whom the benefits are delivered, but has not provided his or her own U. Tax returns for students S. Tax returns for students home address. Tax returns for students   If you do not give the payer a home address in the United States or its possessions, you can choose not to have tax withheld only if you certify to the payer that you are not a U. Tax returns for students S. Tax returns for students citizen, a U. Tax returns for students S. Tax returns for students resident alien, or someone who left the country to avoid tax. Tax returns for students But if you so certify, you may be subject to the 30% flat rate withholding that applies to nonresident aliens. Tax returns for students This 30% rate will not apply if you are exempt or subject to a reduced rate by treaty. Tax returns for students For details, get Publication 519. Tax returns for students Periodic payments. Tax returns for students   Unless you choose no withholding, your annuity or similar periodic payments (other than eligible rollover distributions) will be treated like wages for withholding purposes. Tax returns for students Periodic payments are amounts paid at regular intervals (such as weekly, monthly, or yearly) for a period of time greater than one year (such as for 15 years or for life). Tax returns for students You should give the payer a completed withholding certificate (Form W-4P or a similar form provided by the payer). Tax returns for students If you do not, tax will be withheld as if you were married and claiming three withholding allowances. Tax returns for students   Tax will be withheld as if you were single and were claiming no withholding allowances if: You do not give the payer your social security number (in the required manner), or The IRS notifies the payer (before any payment is made) that you gave an incorrect social security number. Tax returns for students   You must file a new withholding certificate to change the amount of withholding. Tax returns for students Nonperiodic distributions. Tax returns for students    Unless you choose no withholding, the withholding rate for a nonperiodic distribution (a payment other than a periodic payment) that is not an eligible rollover distribution is 10% of the distribution. Tax returns for students You can also ask the payer to withhold an additional amount using Form W-4P. Tax returns for students The part of any loan treated as a distribution (except an offset amount to repay the loan), explained later, is subject to withholding under this rule. Tax returns for students Eligible rollover distribution. Tax returns for students    If you receive an eligible rollover distribution, 20% of it generally will be withheld for income tax. Tax returns for students You cannot choose not to have tax withheld from an eligible rollover distribution. Tax returns for students However, tax will not be withheld if you have the plan administrator pay the eligible rollover distribution directly to another qualified plan or an IRA in a direct rollover. Tax returns for students For more information about eligible rollover distributions, see Rollovers , later. Tax returns for students Estimated tax. Tax returns for students   Your estimated tax is the total of your expected income tax, self-employment tax, and certain other taxes for the year, minus your expected credits and withheld tax. Tax returns for students Generally, you must make estimated tax payments for 2014 if you expect to owe at least $1,000 in tax (after subtracting your withholding and credits) and you expect your withholding and credits to be less than the smaller of: 90% of the tax to be shown on your 2014 return, or 100% of the tax shown on your 2013 return. Tax returns for students If your adjusted gross income for 2013 was more than $150,000 ($75,000 if your filing status for 2014 is married filing separately), substitute 110% for 100% in (2) above. Tax returns for students For more information, get Publication 505, Tax Withholding and Estimated Tax. Tax returns for students In figuring your withholding or estimated tax, remember that a part of your monthly social security or equivalent tier 1 railroad retirement benefits may be taxable. Tax returns for students See Publication 915. Tax returns for students You can choose to have income tax withheld from those benefits. Tax returns for students Use Form W-4V to make this choice. Tax returns for students Cost (Investment in the Contract) Distributions from your pension or annuity plan may include amounts treated as a recovery of your cost (investment in the contract). Tax returns for students If any part of a distribution is treated as a recovery of your cost under the rules explained in this publication, that part is tax free. Tax returns for students Therefore, the first step in figuring how much of a distribution is taxable is to determine the cost of your pension or annuity. Tax returns for students In general, your cost is your net investment in the contract as of the annuity starting date (or the date of the distribution, if earlier). Tax returns for students To find this amount, you must first figure the total premiums, contributions, or other amounts you paid. Tax returns for students This includes the amounts your employer contributed that were taxable to you when paid. Tax returns for students (However, see Foreign employment contributions , later. Tax returns for students ) It does not include amounts withheld from your pay on a tax-deferred basis (money that was taken out of your gross pay before taxes were deducted). Tax returns for students It also does not include amounts you contributed for health and accident benefits (including any additional premiums paid for double indemnity or disability benefits). Tax returns for students From this total cost you must subtract the following amounts. Tax returns for students Any refunded premiums, rebates, dividends, or unrepaid loans that were not included in your income and that you received by the later of the annuity starting date or the date on which you received your first payment. Tax returns for students Any other tax-free amounts you received under the contract or plan by the later of the dates in (1). Tax returns for students If you must use the Simplified Method for your annuity payments, the tax-free part of any single-sum payment received in connection with the start of the annuity payments, regardless of when you received it. Tax returns for students (See Simplified Method , later, for information on its required use. Tax returns for students ) If you use the General Rule for your annuity payments, the value of the refund feature in your annuity contract. Tax returns for students (See General Rule , later, for information on its use. Tax returns for students ) Your annuity contract has a refund feature if the annuity payments are for your life (or the lives of you and your survivor) and payments in the nature of a refund of the annuity's cost will be made to your beneficiary or estate if all annuitants die before a stated amount or a stated number of payments are made. Tax returns for students For more information, see Publication 939. Tax returns for students The tax treatment of the items described in (1) through (3) is discussed later under Taxation of Nonperiodic Payments . Tax returns for students Form 1099-R. Tax returns for students If you began receiving periodic payments of a life annuity in 2013, the payer should show your total contributions to the plan in box 9b of your 2013 Form 1099-R. Tax returns for students Annuity starting date defined. Tax returns for students   Your annuity starting date is the later of the first day of the first period for which you received a payment or the date the plan's obligations became fixed. Tax returns for students Example. Tax returns for students On January 1, you completed all your payments required under an annuity contract providing for monthly payments starting on August 1 for the period beginning July 1. Tax returns for students The annuity starting date is July 1. Tax returns for students This is the date you use in figuring the cost of the contract and selecting the appropriate number from Table 1 for line 3 of the Simplified Method Worksheet. Tax returns for students Designated Roth accounts. Tax returns for students   Your cost in these accounts is your designated Roth contributions that were included in your income as wages subject to applicable withholding requirements. Tax returns for students Your cost will also include any in-plan Roth rollovers you included in income. Tax returns for students Foreign employment contributions. Tax returns for students   If you worked abroad, your cost may include contributions by your employer to the retirement plan, but only if those contributions would be excludible from your gross income had they been paid directly to you as compensation. Tax returns for students The contributions that apply are: Contributions before 1963 by your employer, Contributions after 1962 by your employer if the contributions would be excludible from your gross income (not including the foreign earned income exclusion) had they been paid directly to you, or Contributions after 1996 by your employer if you performed the services of a foreign missionary (a duly ordained, commissioned, or licensed minister of a church or a lay person) but only if the contributions would be excludible from your gross income had they been paid directly to you. Tax returns for students Foreign employment contributions while a nonresident alien. Tax returns for students   In determining your cost, special rules apply if you are a U. Tax returns for students S. Tax returns for students citizen or resident alien who received distributions in 2013 from a plan to which contributions were made while you were a nonresident alien. Tax returns for students Your contributions and your employer's contributions are not included in your cost if the contribution: Was made based on compensation which was for services performed outside the United States while you were a nonresident alien, and Was not subject to income tax under the laws of the United States or any foreign country, but only if the contribution would have been subject to income tax if paid as cash compensation when the services were performed. Tax returns for students Taxation of Periodic Payments This section explains how the periodic payments you receive from a pension or annuity plan are taxed. Tax returns for students Periodic payments are amounts paid at regular intervals (such as weekly, monthly, or yearly) for a period of time greater than one year (such as for 15 years or for life). Tax returns for students These payments are also known as amounts received as an annuity. Tax returns for students If you receive an amount from your plan that is not a periodic payment, see Taxation of Nonperiodic Payments , later. Tax returns for students In general, you can recover the cost of your pension or annuity tax free over the period you are to receive the payments. Tax returns for students The amount of each payment that is more than the part that represents your cost is taxable (however, see Insurance Premiums for Retired Public Safety Officers , earlier). Tax returns for students Designated Roth accounts. Tax returns for students   If you receive a qualified distribution from a designated Roth account, the distribution is not included in your gross income. Tax returns for students This applies to both your cost in the account and income earned on that account. Tax returns for students A qualified distribution is generally a distribution that is: Made after a 5-tax-year period of participation, and Made on or after the date you reach age 59½, made to a beneficiary or your estate on or after your death, or attributable to your being disabled. Tax returns for students   If the distribution is not a qualified distribution, the rules discussed in this section apply. Tax returns for students The designated Roth account is treated as a separate contract. Tax returns for students Period of participation. Tax returns for students   The 5-tax-year period of participation is the 5-tax-year period beginning with the first tax year for which the participant made a designated Roth contribution to the plan. Tax returns for students Therefore, for designated Roth contributions made for 2013, the first year for which a qualified distribution can be made is 2018. Tax returns for students   However, if a direct rollover is made to the plan from a designated Roth account under another plan, the 5-tax-year period for the recipient plan begins with the first tax year for which the participant first had designated Roth contributions made to the other plan. Tax returns for students   Your 401(k), 403(b), or 457(b) plan may permit you to roll over amounts from those plans to a designated Roth account within the same plan. Tax returns for students This is known as an in-plan Roth rollover. Tax returns for students For more details, see In-plan Roth rollovers , later. Tax returns for students Fully Taxable Payments The pension or annuity payments that you receive are fully taxable if you have no cost in the contract because any of the following situations applies to you (however, see Insurance Premiums for Retired Public Safety Officers , earlier). Tax returns for students You did not pay anything or are not considered to have paid anything for your pension or annuity. Tax returns for students Amounts withheld from your pay on a tax-deferred basis are not considered part of the cost of the pension or annuity payment. Tax returns for students Your employer did not withhold contributions from your salary. Tax returns for students You got back all of your contributions tax free in prior years (however, see Exclusion not limited to cost under Partly Taxable Payments, later). Tax returns for students Report the total amount you got on Form 1040, line 16b; Form 1040A, line 12b; or on Form 1040NR, line 17b. Tax returns for students You should make no entry on Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a. Tax returns for students Deductible voluntary employee contributions. Tax returns for students   Distributions you receive that are based on your accumulated deductible voluntary employee contributions are generally fully taxable in the year distributed to you. Tax returns for students Accumulated deductible voluntary employee contributions include net earnings on the contributions. Tax returns for students If distributed as part of a lump sum, they do not qualify for the 10-year tax option or capital gain treatment, explained later. Tax returns for students Partly Taxable Payments If you have a cost to recover from your pension or annuity plan (see Cost (Investment in the Contract) , earlier), you can exclude part of each annuity payment from income as a recovery of your cost. Tax returns for students This tax-free part of the payment is figured when your annuity starts and remains the same each year, even if the amount of the payment changes. Tax returns for students The rest of each payment is taxable (however, see Insurance Premiums for Retired Public Safety Officers , earlier). Tax returns for students You figure the tax-free part of the payment using one of the following methods. Tax returns for students Simplified Method. Tax returns for students You generally must use this method if your annuity is paid under a qualified plan (a qualified employee plan, a qualified employee annuity, or a tax-sheltered annuity plan or contract). Tax returns for students You cannot use this method if your annuity is paid under a nonqualified plan. Tax returns for students General Rule. Tax returns for students You must use this method if your annuity is paid under a nonqualified plan. Tax returns for students You generally cannot use this method if your annuity is paid under a qualified plan. Tax returns for students You determine which method to use when you first begin receiving your annuity, and you continue using it each year that you recover part of your cost. Tax returns for students If you had more than one partly taxable pension or annuity, figure the tax-free part and the taxable part of each separately. Tax returns for students Qualified plan annuity starting before November 19, 1996. Tax returns for students   If your annuity is paid under a qualified plan and your annuity starting date (defined earlier under Cost (Investment in the Contract) ) is after July 1, 1986, and before November 19, 1996, you could have chosen to use either the Simplified Method or the General Rule. Tax returns for students If your annuity starting date is before July 2, 1986, you use the General Rule unless your annuity qualified for the Three-Year Rule. Tax returns for students If you used the Three-Year Rule (which was repealed for annuities starting after July 1, 1986), your annuity payments are generally now fully taxable. Tax returns for students Exclusion limit. Tax returns for students   Your annuity starting date determines the total amount of annuity payments that you can exclude from income over the years. Tax returns for students Once your annuity starting date is determined, it does not change. Tax returns for students If you calculate the taxable portion of your annuity payments using the simplified method worksheet, the annuity starting date determines the recovery period for your cost. Tax returns for students That recovery period begins on your annuity starting date and is not affected by the date you first complete the worksheet. Tax returns for students Exclusion limited to cost. Tax returns for students   If your annuity starting date is after 1986, the total amount of annuity income that you can exclude over the years as a recovery of the cost cannot exceed your total cost. Tax returns for students Any unrecovered cost at your (or the last annuitant's) death is allowed as a miscellaneous itemized deduction on the final return of the decedent. Tax returns for students This deduction is not subject to the 2%-of-adjusted-gross-income limit. Tax returns for students Example 1. Tax returns for students Your annuity starting date is after 1986, and you exclude $100 a month ($1,200 a year) under the Simplified Method. Tax returns for students The total cost of your annuity is $12,000. Tax returns for students Your exclusion ends when you have recovered your cost tax free, that is, after 10 years (120 months). Tax returns for students After that, your annuity payments are generally fully taxable. Tax returns for students Example 2. Tax returns for students The facts are the same as in Example 1, except you die (with no surviving annuitant) after the eighth year of retirement. Tax returns for students You have recovered tax free only $9,600 (8 × $1,200) of your cost. Tax returns for students An itemized deduction for your unrecovered cost of $2,400 ($12,000 – $9,600) can be taken on your final return. Tax returns for students Exclusion not limited to cost. Tax returns for students   If your annuity starting date is before 1987, you can continue to take your monthly exclusion for as long as you receive your annuity. Tax returns for students If you chose a joint and survivor annuity, your survivor can continue to take the survivor's exclusion figured as of the annuity starting date. Tax returns for students The total exclusion may be more than your cost. Tax returns for students Simplified Method Under the Simplified Method, you figure the tax-free part of each annuity payment by dividing your cost by the total number of anticipated monthly payments. Tax returns for students For an annuity that is payable for the lives of the annuitants, this number is based on the annuitants' ages on the annuity starting date and is determined from a table. Tax returns for students For any other annuity, this number is the number of monthly annuity payments under the contract. Tax returns for students Who must use the Simplified Method. Tax returns for students   You must use the Simplified Method if your annuity starting date is after November 18, 1996, and you meet both of the following conditions. Tax returns for students You receive your pension or annuity payments from any of the following plans. Tax returns for students A qualified employee plan. Tax returns for students A qualified employee annuity. Tax returns for students A tax-sheltered annuity plan (403(b) plan). Tax returns for students On your annuity starting date, at least one of the following conditions applies to you. Tax returns for students You are under age 75. Tax returns for students You are entitled to less than 5 years of guaranteed payments. Tax returns for students Guaranteed payments. Tax returns for students   Your annuity contract provides guaranteed payments if a minimum number of payments or a minimum amount (for example, the amount of your investment) is payable even if you and any survivor annuitant do not live to receive the minimum. Tax returns for students If the minimum amount is less than the total amount of the payments you are to receive, barring death, during the first 5 years after payments begin (figured by ignoring any payment increases), you are entitled to less than 5 years of guaranteed payments. Tax returns for students Annuity starting before November 19, 1996. Tax returns for students   If your annuity starting date is after July 1, 1986, and before November 19, 1996, and you chose to use the Simplified Method, you must continue to use it each year that you recover part of your cost. Tax returns for students You could have chosen to use the Simplified Method if your annuity is payable for your life (or the lives of you and your survivor annuitant) and you met both of the conditions listed earlier under Who must use the Simplified Method . Tax returns for students Who cannot use the Simplified Method. Tax returns for students   You cannot use the Simplified Method if you receive your pension or annuity from a nonqualified plan or otherwise do not meet the conditions described in the preceding discussion. Tax returns for students See General Rule , later. Tax returns for students How to use the Simplified Method. Tax returns for students    Complete Worksheet A in the back of this publication to figure your taxable annuity for 2013. Tax returns for students Be sure to keep the completed worksheet; it will help you figure your taxable annuity next year. Tax returns for students   To complete line 3 of the worksheet, you must determine the total number of expected monthly payments for your annuity. Tax returns for students How you do this depends on whether the annuity is for a single life, multiple lives, or a fixed period. Tax returns for students For this purpose, treat an annuity that is payable over the life of an annuitant as payable for that annuitant's life even if the annuity has a fixed-period feature or also provides a temporary annuity payable to the annuitant's child under age 25. Tax returns for students    You do not need to complete line 3 of the worksheet or make the computation on line 4 if you received annuity payments last year and used last year's worksheet to figure your taxable annuity. Tax returns for students Instead, enter the amount from line 4 of last year's worksheet on line 4 of this year's worksheet. Tax returns for students Single-life annuity. Tax returns for students   If your annuity is payable for your life alone, use Table 1 at the bottom of the worksheet to determine the total number of expected monthly payments. Tax returns for students Enter on line 3 the number shown for your age on your annuity starting date. Tax returns for students This number will differ depending on whether your annuity starting date is before November 19, 1996, or after November 18, 1996. Tax returns for students Multiple-lives annuity. Tax returns for students   If your annuity is payable for the lives of more than one annuitant, use Table 2 at the bottom of the worksheet to determine the total number of expected monthly payments. Tax returns for students Enter on line 3 the number shown for the annuitants' combined ages on the annuity starting date. Tax returns for students For an annuity payable to you as the primary annuitant and to more than one survivor annuitant, combine your age and the age of the youngest survivor annuitant. Tax returns for students For an annuity that has no primary annuitant and is payable to you and others as survivor annuitants, combine the ages of the oldest and youngest annuitants. Tax returns for students Do not treat as a survivor annuitant anyone whose entitlement to payments depends on an event other than the primary annuitant's death. Tax returns for students   However, if your annuity starting date is before 1998, do not use Table 2 and do not combine the annuitants' ages. Tax returns for students Instead, you must use Table 1 at the bottom of the worksheet and enter on line 3 the number shown for the primary annuitant's age on the annuity starting date. Tax returns for students This number will differ depending on whether your annuity starting date is before November 19, 1996, or after November 18, 1996. Tax returns for students Fixed-period annuity. Tax returns for students   If your annuity does not depend in whole or in part on anyone's life expectancy, the total number of expected monthly payments to enter on line 3 of the worksheet is the number of monthly annuity payments under the contract. Tax returns for students Line 6. Tax returns for students   The amount on line 6 should include all amounts that could have been recovered in prior years. Tax returns for students If you did not recover an amount in a prior year, you may be able to amend your returns for the affected years. Tax returns for students Example. Tax returns for students Bill Smith, age 65, began receiving retirement benefits in 2013 under a joint and survivor annuity. Tax returns for students Bill's annuity starting date is January 1, 2013. Tax returns for students The benefits are to be paid for the joint lives of Bill and his wife, Kathy, age 65. Tax returns for students Bill had contributed $31,000 to a qualified plan and had received no distributions before the annuity starting date. Tax returns for students Bill is to receive a retirement benefit of $1,200 a month, and Kathy is to receive a monthly survivor benefit of $600 upon Bill's death. Tax returns for students Bill must use the Simplified Method to figure his taxable annuity because his payments are from a qualified plan and he is under age 75. Tax returns for students Because his annuity is payable over the lives of more than one annuitant, he uses his and Kathy's combined ages and Table 2 at the bottom of Worksheet A in completing line 3 of the worksheet. Tax returns for students His completed worksheet is shown later. Tax returns for students Bill's tax-free monthly amount is $100 ($31,000 ÷ 310) as shown on line 4 of the worksheet. Tax returns for students Upon Bill's death, if Bill has not recovered the full $31,000 investment, Kathy will also exclude $100 from her $600 monthly payment. Tax returns for students The full amount of any annuity payments received after 310 payments are paid must be included in gross income. Tax returns for students If Bill and Kathy die before 310 payments are made, a miscellaneous itemized deduction will be allowed for the unrecovered cost on the final income tax return of the last to die. Tax returns for students This deduction is not subject to the 2%-of-adjusted-gross-income limit. Tax returns for students Worksheet A. Tax returns for students Simplified Method Worksheet for Bill Smith 1. Tax returns for students Enter the total pension or annuity payments received this year. Tax returns for students Also, add this amount to the total for Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a 1. Tax returns for students $14,400 2. Tax returns for students Enter your cost in the plan (contract) at the annuity starting date plus any death benefit exclusion. Tax returns for students * See Cost (Investment in the Contract) , earlier 2. Tax returns for students 31,000   Note. Tax returns for students If your annuity starting date was before this year and you completed this worksheet last year, skip line 3 and enter the amount from line 4 of last year's worksheet on line 4 below (even if the amount of your pension or annuity has changed). Tax returns for students Otherwise, go to line 3. Tax returns for students     3. Tax returns for students Enter the appropriate number from Table 1 below. Tax returns for students But if your annuity starting date was after 1997 and the payments are for your life and that of your beneficiary, enter the appropriate number from Table 2 below 3. Tax returns for students 310 4. Tax returns for students Divide line 2 by the number on line 3 4. Tax returns for students 100 5. Tax returns for students Multiply line 4 by the number of months for which this year's payments were made. Tax returns for students If your annuity starting date was before 1987, enter this amount on line 8 below and skip lines 6, 7, 10, and 11. Tax returns for students Otherwise, go to line 6 5. Tax returns for students 1,200 6. Tax returns for students Enter any amount previously recovered tax free in years after 1986. Tax returns for students This is the amount shown on line 10 of your worksheet for last year 6. Tax returns for students -0- 7. Tax returns for students Subtract line 6 from line 2 7. Tax returns for students 31,000 8. Tax returns for students Enter the smaller of line 5 or line 7 8. Tax returns for students 1,200 9. Tax returns for students Taxable amount for year. Tax returns for students Subtract line 8 from line 1. Tax returns for students Enter the result, but not less than zero. Tax returns for students Also, add this amount to the total for Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b. Tax returns for students Note: If your Form 1099-R shows a larger taxable amount, use the amount figured on this line instead. Tax returns for students If you are a retired public safety officer, see Insurance Premiums for Retired Public Safety Officers , earlier, before entering an amount on your tax return 9. Tax returns for students $13,200 10. Tax returns for students Was your annuity starting date before 1987? □ Yes. Tax returns for students STOP. Tax returns for students Do not complete the rest of this worksheet. Tax returns for students  ☑ No. Tax returns for students Add lines 6 and 8. Tax returns for students This is the amount you have recovered tax free through 2013. Tax returns for students You will need this number if you need to fill out this worksheet next year 10. Tax returns for students 1,200 11. Tax returns for students Balance of cost to be recovered. Tax returns for students Subtract line 10 from line 2. Tax returns for students If zero, you will not have to complete this worksheet next year. Tax returns for students The payments you receive next year will generally be fully taxable 11. Tax returns for students $29,800         * A death benefit exclusion (up to $5,000) applied to certain benefits received by employees who died before August 21, 1996. Tax returns for students           Table 1 for Line 3 Above       AND your annuity starting date was—     IF the age at annuity starting date was. Tax returns for students . Tax returns for students . Tax returns for students BEFORE November 19, 1996, enter on line 3. Tax returns for students . Tax returns for students . Tax returns for students AFTER November 18, 1996, enter on line 3. Tax returns for students . Tax returns for students . Tax returns for students     55 or under 300 360     56-60 260 310     61-65 240 260     66-70 170 210     71 or older 120 160     Table 2 for Line 3 Above     IF the combined ages at  annuity starting date were. Tax returns for students . Tax returns for students . Tax returns for students THEN enter on line 3. Tax returns for students . Tax returns for students . Tax returns for students     110 or under   410     111-120   360     121-130   310     131-140   260     141 or older   210   Multiple annuitants. Tax returns for students   If you and one or more other annuitants receive payments at the same time, you exclude from each annuity payment a pro rata share of the monthly tax-free amount. Tax returns for students Figure your share by taking the following steps. Tax returns for students Complete your worksheet through line 4 to figure the monthly tax-free amount. Tax returns for students Divide the amount of your monthly payment by the total amount of the monthly payments to all annuitants. Tax returns for students Multiply the amount on line 4 of your worksheet by the amount figured in (2) above. Tax returns for students The result is your share of the monthly tax-free amount. Tax returns for students   Replace the amount on line 4 of the worksheet with the result in (3) above. Tax returns for students Enter that amount on line 4 of your worksheet each year. Tax returns for students General Rule Under the General Rule, you determine the tax-free part of each annuity payment based on the ratio of the cost of the contract to the total expected return. Tax returns for students Expected return is the total amount you and other eligible annuitants can expect to receive under the contract. Tax returns for students To figure it, you must use life expectancy (actuarial) tables prescribed by the IRS. Tax returns for students Who must use the General Rule. Tax returns for students   You must use the General Rule if you receive pension or annuity payments from: A nonqualified plan (such as a private annuity, a purchased commercial annuity, or a nonqualified employee plan), or A qualified plan if you are age 75 or older on your annuity starting date and your annuity payments are guaranteed for at least 5 years. Tax returns for students Annuity starting before November 19, 1996. Tax returns for students   If your annuity starting date is after July 1, 1986, and before November 19, 1996, you had to use the General Rule for either circumstance just described. Tax returns for students You also had to use it for any fixed-period annuity. Tax returns for students If you did not have to use the General Rule, you could have chosen to use it. Tax returns for students If your annuity starting date is before July 2, 1986, you had to use the General Rule unless you could use the Three-Year Rule. Tax returns for students   If you had to use the General Rule (or chose to use it), you must continue to use it each year that you recover your cost. Tax returns for students Who cannot use the General Rule. Tax returns for students   You cannot use the General Rule if you receive your pension or annuity from a qualified plan and none of the circumstances described in the preceding discussions apply to you. Tax returns for students See Simplified Method , earlier. Tax returns for students More information. Tax returns for students   For complete information on using the General Rule, including the actuarial tables you need, see Publication 939. Tax returns for students Taxation of Nonperiodic Payments This section of the publication explains how any nonperiodic distributions you receive under a pension or annuity plan are taxed. Tax returns for students Nonperiodic distributions are also known as amounts not received as an annuity. Tax returns for students They include all payments other than periodic payments and corrective distributions. Tax returns for students For example, the following items are treated as nonperiodic distributions. Tax returns for students Cash withdrawals. Tax returns for students Distributions of current earnings (dividends) on your investment. Tax returns for students However, do not include these distributions in your income to the extent the insurer keeps them to pay premiums or other consideration for the contract. Tax returns for students Certain loans. Tax returns for students See Loans Treated as Distributions , later. Tax returns for students The value of annuity contracts transferred without full and adequate consideration. Tax returns for students See Transfers of Annuity Contracts , later. Tax returns for students Corrective distributions of excess plan contributions. Tax returns for students   Generally, if the contributions made for you during the year to certain retirement plans exceed certain limits, the excess is taxable to you. Tax returns for students To correct an excess, your plan may distribute it to you (along with any income earned on the excess). Tax returns for students Although the plan reports the corrective distributions on Form 1099-R, the distribution is not treated as a nonperiodic distribution from the plan. Tax returns for students It is not subject to the allocation rules explained in the following discussion, it cannot be rolled over into another plan, and it is not subject to the additional tax on early distributions. Tax returns for students    If your retirement plan made a corrective distribution of excess amounts (excess deferrals, excess contributions, or excess annual additions), your Form 1099-R should have the code “8,” “B,” “P,” or “E” in box 7. Tax returns for students   For information on plan contribution limits and how to report corrective distributions of excess contributions, see Retirement Plan Contributions under Employee Compensation in Publication 525. Tax returns for students Figuring the Taxable Amount How you figure the taxable amount of a nonperiodic distribution depends on whether it is made before the annuity starting date, or on or after the annuity starting date. Tax returns for students If it is made before the annuity starting date, its tax treatment also depends on whether it is made under a qualified or nonqualified plan. Tax returns for students If it is made under a nonqualified plan, its tax treatment depends on whether it fully discharges the contract, is received under certain life insurance or endowment contracts, or is allocable to an investment you made before August 14, 1982. Tax returns for students You may be able to roll over the taxable amount of a nonperiodic distribution from a qualified retirement plan into another qualified retirement plan or a traditional IRA tax free. Tax returns for students See Rollovers, later. Tax returns for students If you do not make a tax-free rollover and the distribution qualifies as a lump-sum distribution, you may be able to elect an optional method of figuring the tax on the taxable amount. Tax returns for students See Lump-Sum Distributions, later. Tax returns for students Annuity starting date. Tax returns for students   The annuity starting date is either the first day of the first period for which you receive an annuity payment under the contract or the date on which the obligation under the contract becomes fixed, whichever is later. Tax returns for students Distributions of employer securities. Tax returns for students    If you receive a distribution of employer securities from a qualified retirement plan, you may be able to defer the tax on the net unrealized appreciation (NUA) in the securities. Tax returns for students The NUA is the net increase in the securities' value while they were in the trust. Tax returns for students This tax deferral applies to distributions of the employer corporation's stocks, bonds, registered debentures, and debentures with interest coupons attached. Tax returns for students   If the distribution is a lump-sum distribution, tax is deferred on all of the NUA unless you choose to include it in your income for the year of the distribution. Tax returns for students    A lump-sum distribution for this purpose is the distribution or payment of a plan participant's entire balance (within a single tax year) from all of the employer's qualified plans of one kind (pension, profit-sharing, or stock bonus plans), but only if paid: Because of the plan participant's death, After the participant reaches age 59½, Because the participant, if an employee, separates from service, or After the participant, if a self-employed individual, becomes totally and permanently disabled. Tax returns for students    If you choose to include NUA in your income for the year of the distribution and the participant was born before January 2, 1936, you may be able to figure the tax on the NUA using the optional methods described und
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The Tax Returns For Students

Tax returns for students 10. Tax returns for students   Planes de Jubilación, Pensiones y Anualidades Table of Contents Qué Hay de Nuevo Recordatorio IntroductionLa Regla General. Tax returns for students Arreglos de ahorros para la jubilación (IRA, por sus siglas en inglés). Tax returns for students Beneficios de la jubilación del gobierno federal. Tax returns for students Useful Items - You may want to see: Información GeneralReinversiones en arreglos de ahorros para la jubilación designados Roth IRA dentro del mismo plan. Tax returns for students Cómo Hacer la Declaración Costo (Inversión en el Contrato) Tributación de Pagos PeriódicosExclusión limitada al costo. Tax returns for students Exclusión no limitada al costo. Tax returns for students Método Simplificado Tributación de Pagos no PeriódicosDistribuciones de Suma Global ReinversionesReinversiones en arreglos de ahorros para la jubilación designados Roth IRA dentro del mismo plan. Tax returns for students Impuestos Adicionales EspecialesImpuesto sobre Distribuciones Prematuras Impuestos sobre Acumulación en Exceso Sobrevivientes y Beneficiarios Qué Hay de Nuevo Para propósitos del impuesto sobre los ingresos netos de inversión (NIIT, por sus siglas en inglés), los ingresos netos de inversión no incluyen distribuciones de un plan de jubilación calificado (por ejemplo, planes conforme a la sección 401(a), 403(a), 403(b), 408, 408A o 457(b) del Código de Impuestos Internos). Tax returns for students Sin embargo, estas distribuciones sí se toman en cuenta al calcular el límite del ingreso bruto ajustado modificado. Tax returns for students Las distribuciones de un plan de jubilación no calificado se incluyen en los ingresos netos de inversión. Tax returns for students Vea el Formulario 8960, Net Investment Income Tax – Individuals, Estates, and Trusts (Impuesto sobre los ingresos netos de inversión –personas físicas, patrimonios y fideicomisos), además de sus instrucciones, disponibles en inglés, para más información. Tax returns for students Recordatorio  Comenzando en el año 2013, La American Taxpayer Relief Act (Ley de Alivio para el Contribuyente Estadounidense) de 2012 ha ampliado las reglas para las reinversiones de planes de jubilación a opciones Roth. Tax returns for students Conforme a las nuevas disposiciones, más contribuyentes pueden tomar ventaja de esta opción. Tax returns for students Si desea más información, vea la sección titulada Arreglos de ahorros para la jubilación designados Roth , tema que se explica más adelante. Tax returns for students Introduction Este capítulo explica el trato tributario de las distribuciones que usted reciba de: Una pensión o anualidad para empleados de un plan calificado, Una jubilación por incapacidad y Una anualidad comercial comprada. Tax returns for students Lo que no abarca este capítulo. Tax returns for students   Este capítulo no abarca los siguientes temas: La Regla General. Tax returns for students   Éste es el método que se utiliza generalmente para determinar el trato tributario de ingresos de pensiones y anualidades de planes no calificados (incluidas las anualidades comerciales). Tax returns for students Para un plan calificado, generalmente no se puede usar la Regla General a menos que la fecha de inicio de su anualidad sea anterior al 19 de noviembre de 1996. Tax returns for students Para más información sobre la Regla General, vea la Publicación 939, General Rule for Pensions and Annuities (Regla general para pensiones y anualidades), en inglés. Tax returns for students Arreglos de ahorros para la jubilación (IRA, por sus siglas en inglés). Tax returns for students   La información acerca del trato tributario de las cantidades que reciba de un arreglo IRA se encuentra en el capítulo 17 . Tax returns for students Beneficios de la jubilación del gobierno federal. Tax returns for students    Si es jubilado del gobierno federal (jubilación regular, por fases o por incapacidad), consulte la Publicación 721, Tax Guide to U. Tax returns for students S. Tax returns for students Civil Service Retirement Benefits (Guía tributaria para beneficios de jubilación del gobierno federal de los Estados Unidos), en inglés. Tax returns for students La Publicación 721 también contiene la información que necesita si es sobreviviente o beneficiario de un empleado o jubilado federal que haya fallecido. Tax returns for students Useful Items - You may want to see: Publicación 575 Pension and Annuity Income (Ingreso de pensiones y anualidades), en inglés 721 Tax Guide to U. Tax returns for students S. Tax returns for students Civil Service Retirement Benefits (Guía tributaria para beneficios de jubilación del gobierno federal de los Estados Unidos), en inglés 939 General Rule for Pensions and Annuities (Regla general para pensiones y anualidades), en inglés Formulario (e Instrucciones) W-4P Withholding Certificate for Pension or Annuity Payments (Certificado de retenciones para pagos de pensiones o anualidades), en inglés 1099-R Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. Tax returns for students (Distribuciones de pensiones, anualidades, planes de jubilación o de participación en las ganancias, arreglos de ahorros para la jubilación, contratos de seguros, etc. Tax returns for students ), en inglés 4972 Tax on Lump-Sum Distributions (Impuesto sobre distribuciones de suma global), en inglés 5329 Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts (Impuestos adicionales sobre planes calificados (incluidos los arreglos de ahorros para la jubilación) y otras cuentas con beneficios tributarios), en inglés Información General Arreglos de ahorros para la jubilación designados Roth. Tax returns for students   Un arreglo de ahorros para la jubilación designado Roth es una cuenta aparte creada dentro de un programa calificado de aportaciones a un arreglo Roth que permite a los participantes optar a que la totalidad o parte de sus aplazamientos electivos a un plan 401(k), 403(b) o 457(b) se consideren aportaciones hechas a un arreglo Roth. Tax returns for students Los aplazamientos electivos que se consideran aportaciones a un arreglo Roth se incluyen en los ingresos. Tax returns for students Sin embargo, las distribuciones calificadas no se incluyen en los ingresos. Tax returns for students Vea la Publicación 575, en inglés, para más información. Tax returns for students Reinversiones en arreglos de ahorros para la jubilación designados Roth IRA dentro del mismo plan. Tax returns for students   Si usted es participante en un plan de tipo 401(k), 403(b) o 457(b), es posible que pueda reinvertir fondos de dichos planes en un arreglo de ahorros para la jubilación designado Roth dentro del mismo plan. Tax returns for students Se tiene que incluir en los ingresos la reinversión de cantidades libres de impuestos. Tax returns for students Consulte la Publicación 575, en inglés, para más información. Tax returns for students Más de un programa. Tax returns for students   Si recibe beneficios de más de un programa bajo un fideicomiso o plan de su empleador, como un plan de pensiones y un plan de participación en las ganancias, es posible que tenga que calcular por separado la parte sujeta a impuestos de cada pensión o contrato de anualidad. Tax returns for students Su antiguo empleador o el administrador del plan debe poder indicarle si tiene más de un contrato de pensión o anualidad. Tax returns for students Plan de compensación diferida conforme a la sección 457. Tax returns for students   Si usted trabaja para el gobierno local o estatal o para una organización exenta de impuestos, podría participar en un plan de compensación diferida conforme a la sección 457. Tax returns for students Si su plan cumple los requisitos, usted no paga ahora impuestos sobre los sueldos que se difieran bajo el plan ni sobre las utilidades recibidas de las inversiones hechas por el plan con los sueldos diferidos. Tax returns for students Por lo general, usted paga impuestos sobre las cantidades diferidas en un plan local o estatal que cumpla los requisitos sólo cuando se distribuyen del plan. Tax returns for students Usted paga impuestos en las cantidades diferidas de un plan de una organización exenta de impuestos cuando éstas son distribuidas o de otra manera están disponibles a usted. Tax returns for students   Su plan 457(b) puede tener una opción para un arreglo de ahorros para la jubilación designado Roth. Tax returns for students De ser así, quizás pueda reinvertir cantidades al arreglo de ahorros para la jubilación designado Roth o hacer aportaciones. Tax returns for students Los aplazamientos electivos a un arreglo de ahorros para la jubilación designado Roth se incluyen en su ingreso. Tax returns for students Las distribuciones calificadas de un arreglo designado Roth no están sujetas a impuestos. Tax returns for students   Este capítulo explica el tratamiento tributario de los beneficios de un plan creado al amparo de la sección 457, pero no cubre el trato de las cantidades diferidas. Tax returns for students Para más información acerca de las cantidades diferidas de planes conforme a la sección 457, vea Retirement Plan Contributions (Aportaciones a un plan de jubilación) bajo Employee Compensation (Compensación del empleado), en la Publicación 525, Taxable and Nontaxable Income (Ingresos tributables y no tributables), en inglés. Tax returns for students   Para obtener información general acerca de planes de compensación diferida, vea Section 457 Deferred Compensation Plans (Planes de compensación diferida conforme a la sección 457), en la Publicación 575, en inglés. Tax returns for students Pensiones por incapacidad. Tax returns for students   Si se jubiló por incapacidad, generalmente tiene que incluir en los ingresos toda pensión por incapacidad que reciba conforme a un plan que pague su empleador. Tax returns for students Tiene que declarar como salario los pagos por incapacidad sujetos a impuestos en la línea 7 del Formulario 1040 o del Formulario 1040A hasta que alcance la edad mínima de jubilación. Tax returns for students En general, la edad mínima de jubilación corresponde a la edad en que puede recibir una pensión o anualidad por primera vez si no está incapacitado. Tax returns for students    Quizás tenga derecho a un crédito tributario si estaba total y permanentemente incapacitado cuando se jubiló. Tax returns for students Para obtener información sobre el crédito para ancianos o incapacitados, vea el capítulo 33 . Tax returns for students   A partir del día después de cumplir la edad mínima de jubilación, los pagos que reciba están sujetos a impuestos en calidad de pensión o anualidad. Tax returns for students Declare los pagos en las líneas 16a y 16b del Formulario 1040 o en las líneas 12a y 12b del Formulario 1040A. Tax returns for students    Los pagos de incapacidad por lesiones causadas directamente por un ataque terrorista dirigido contra los Estados Unidos (o sus aliados) no se incluyen en los ingresos. Tax returns for students Para obtener más información acerca de los pagos a sobrevivientes de ataques terroristas, consulte la Publicación 3920, Tax Relief for Victims of Terrorist Attacks (Alivio de impuestos para víctimas de ataques terroristas), en inglés. Tax returns for students   Para obtener más información sobre cómo declarar pensiones por incapacidad, incluyendo pensiones militares y otras pensiones gubernamentales por incapacidad, consulte el capítulo 5 . Tax returns for students Funcionarios jubilados del sector de la seguridad pública. Tax returns for students   Un funcionario jubilado del sector de seguridad pública que reúna los requisitos puede optar por excluir de sus ingresos distribuciones de hasta $3,000 efectuadas directamente de un plan de jubilación del gobierno a un proveedor de seguro de accidente, salud o de cuidado por incapacidad a largo plazo. Tax returns for students Vea Insurance Premiums for Retired Public Safety Officers (Primas de seguros para funcionarios jubilados del sector de seguridad pública), en la Publicación 575, en inglés, para más información. Tax returns for students Beneficios de jubilación de empleados ferroviarios. Tax returns for students   Para fines tributarios, una parte de los beneficios de la jubilación de empleados ferroviarios recibidos se considera beneficios del Seguro Social y otra parte se considera pensión del empleado. Tax returns for students Para obtener información acerca de los beneficios de jubilación de empleados ferroviarios considerados beneficios del Seguro Social, consulte la Publicación 915, Social Security and Equivalent Railroad Retirement Benefits (Beneficios del Seguro Social y beneficios equivalentes de la jubilación de empleados ferroviarios), en inglés. Tax returns for students Para obtener información acerca de los beneficios de jubilación de empleados ferroviarios considerados pensión del empleado, consulte Railroad Retirement Benefits (Beneficios de jubilación de empleados ferroviarios) en la Publicación 575, en inglés. Tax returns for students Retención e impuesto estimado. Tax returns for students   El pagador del plan de pensiones, participación en las ganancias, bonificación de acciones, anualidad o compensación diferida retendrá impuestos sobre el ingreso correspondiente a las partes sujetas a impuestos de las cantidades que se le han pagado a usted. Tax returns for students Puede indicarle al pagador la cantidad de la retención a realizar al presentar el Formulario W-4P. Tax returns for students Si escoge que no le retengan impuestos o si no le retienen suficientes impuestos, tal vez tenga que pagar un impuesto estimado. Tax returns for students   Si se le paga una distribución con derecho a reinversión, no puede optar por que no le retengan impuestos. Tax returns for students Generalmente, se le retendrá el 20%, pero no hay retención sobre una reinversión directa de una distribución con derecho a reinversión. Tax returns for students Consulte Opción de reinversión directa en Reinversiones, más adelante. Tax returns for students   Para obtener más información, consulte Pensiones y Anualidades bajo Retención de Impuesto para el Año 2014, en el capítulo 4. Tax returns for students Planes calificados para trabajadores por cuenta propia. Tax returns for students   En ciertas ocasiones, los planes calificados establecidos por trabajadores por cuenta propia se denominan planes Keogh o H. Tax returns for students R. Tax returns for students 10. Tax returns for students Los planes calificados pueden ser establecidos por propietarios únicos, sociedades colectivas (pero no un socio) y sociedades anónimas. Tax returns for students Pueden cubrir a personas que trabajen por cuenta propia, como el propietario único o socios, y empleados regulares (de acuerdo con el derecho consuetudinario). Tax returns for students    Por lo general, las distribuciones de un plan calificado están sujetas a impuestos en su totalidad porque la mayoría de los beneficiarios no tiene una base de costos. Tax returns for students No obstante, si tiene una inversión (costo) en el plan, sus pagos de pensión o anualidad de un plan calificado se gravan conforme al Método Simplificado. Tax returns for students Para obtener más información acerca de los planes calificados, consulte la Publicación 560, Retirement Plans for Small Business (Planes de jubilación para pequeños negocios), en inglés. Tax returns for students Anualidades compradas. Tax returns for students   Si recibe pagos de pensión o anualidad de un contrato de anualidad de compra privada de una organización comercial, como una compañía de seguros, normalmente tiene que usar la Regla General para calcular la parte exenta de impuestos de cada pago de anualidad. Tax returns for students Para obtener más información acerca de la Regla General, consulte la Publicación 939, en inglés. Tax returns for students Asimismo, consulte Variable Annuities (Anualidades variables) en la Publicación 575, en inglés, para las disposiciones especiales que se aplican a estos contratos de anualidad. Tax returns for students Préstamos. Tax returns for students   Si toma un préstamo de su plan de pensiones, tiene que tratar el préstamo como una distribución no periódica salvo que se den ciertas excepciones. Tax returns for students Este trato también le aplica a cualquier préstamo obtenido conforme a un contrato comprado bajo su plan de jubilación y al valor de cualquier parte de su interés en el plan o contrato que ha usado como colateral o que ha asignado. Tax returns for students Esto significa que tiene que incluir en los ingresos la totalidad o parte de la cantidad obtenida en préstamo. Tax returns for students Aun si no tiene que tratar el préstamo como una distribución no periódica, en algunas situaciones quizás no pueda deducir los intereses sobre el préstamo. Tax returns for students Para más detalles, vea Loans Treated as Distributions (Préstamos tratados como distribuciones), en la Publicación 575, en inglés. Tax returns for students Para obtener más información acerca de la posibilidad de deducción de intereses, vea el capítulo 23 . Tax returns for students Intercambio exento de impuestos. Tax returns for students   No se reconocen ganancias ni pérdidas en un intercambio de un contrato de anualidad por otro contrato de anualidad si el asegurado o pensionista sigue siendo el mismo. Tax returns for students Sin embargo, la ganancia sobre el intercambio de un contrato de anualidad se considera ingresos ordinarios si la ganancia se debe a los intereses acumulados en el contrato y el intercambio del contrato de anualidad es por un seguro de vida o contrato de seguro dotal. Tax returns for students Consulte Transfers of Annuity Contracts (Traspasos de contratos de anualidad), en la Publicación 575, en inglés, para obtener más información acerca del intercambio de contratos de anualidad. Tax returns for students Cómo Hacer la Declaración Si presenta el Formulario 1040, declare la anualidad total en la línea 16a y la parte sujeta a impuestos en la línea 16b. Tax returns for students Si la pensión o anualidad está íntegramente sujeta a impuestos, anótela en la línea 16b; no anote nada en la línea 16a. Tax returns for students Si presenta el Formulario 1040A, declare su anualidad total en la línea 12a y la parte sujeta a impuestos en la línea 12b. Tax returns for students Si la pensión o anualidad está íntegramente sujeta a impuestos, anótela en la línea 12b; no anote nada en la línea 12a. Tax returns for students Más de una anualidad. Tax returns for students   Si recibe más de una anualidad y al menos una de ellas no está integramente sujeta a impuestos, anote la cantidad total recibida de todas las anualidades en la línea 16a del Formulario 1040 o en la línea 12a del Formulario 1040A. Tax returns for students Anote la parte sujeta a impuestos en la línea 16b del Formulario 1040 o en la línea 12b del Formulario 1040A. Tax returns for students Si todas las anualidades que usted reciba están integramente sujetas a impuestos, anote la suma de dichas anualidades en la línea 16b del Formulario 1040 o en la línea 12b del Formulario 1040A. Tax returns for students Declaración conjunta. Tax returns for students   Si presenta una declaración conjunta y usted y su cónyuge reciben, cada uno, una o más pensiones o anualidades, declare el total de las pensiones y anualidades en la línea 16a del Formulario 1040 o en la línea 12a del Formulario 1040A. Tax returns for students Declare la parte sujeta a impuestos en la línea 16b del Formulario 1040 o en la línea 12b del Formulario 1040A. Tax returns for students Costo (Inversión en el Contrato) Antes de calcular qué parte, si la hay, de una distribución de su pensión o anualidad es tributable, tiene que determinar el costo (su inversión en el contrato) de la pensión o anualidad. Tax returns for students Su costo total en el plan incluye la prima total, aportaciones y otras cantidades que haya pagado, en fin, todo lo que ha pagado. Tax returns for students Asimismo, incluye las cantidades que su empleador pagó y que eran tributables para usted al momento de dicho pago. Tax returns for students El costo no incluye cantidades que haya deducido o excluido de los ingresos. Tax returns for students De este costo total pagado, reste todo reembolso de primas, descuentos, dividendos, préstamos no reembolsados u otras cantidades exentas de impuestos que haya recibido en la fecha de inicio de la anualidad o en la fecha en que recibió su primer pago, la que ocurra más tarde. Tax returns for students La fecha de inicio de la anualidad es el primer día del primer período para el cual usted recibe un pago o la fecha en que se fijan las obligaciones del plan, lo que ocurra más tarde. Tax returns for students Arreglos de ahorros para la jubilación designados Roth. Tax returns for students   Su costo en estos arreglos se compone de las aportaciones designadas Roth que se incluyeron en sus ingresos como salario sujeto a los requisitos de retención de impuestos correspondientes. Tax returns for students Su costo también incluye toda inversión en arreglos de ahorros para la jubilación Roth dentro del mismo plan que incluyó en sus ingresos. Tax returns for students Aportaciones de empleo en el extranjero. Tax returns for students   Si usted trabajó en un país extranjero y se hicieron aportaciones a su plan de jubilación, se aplican reglas especiales al determinar su costo. Tax returns for students Consulte Foreign employment contributions (Aportaciones de empleo en el extranjero), bajo el tema Cost (Investment in the Contract) (Costo (Inversión en el contrato)), en inglés, en la Publicación 575, en inglés. Tax returns for students Tributación de Pagos Periódicos Pagos íntegramente tributables. Tax returns for students   Generalmente, si no pagó ninguna parte del costo de su pensión o anualidad del empleado y su empleador no retuvo parte del costo de su pago mientras usted trabajaba, las cantidades que recibe cada año son íntegramente tributables. Tax returns for students Tiene que declararlas en la declaración del impuesto sobre los ingresos. Tax returns for students Pagos parcialmente tributables. Tax returns for students   Si pagó parte del costo de su pensión o anualidad, no se gravará la parte de la pensión o anualidad que usted reciba y que represente un rendimiento de su costo. Tax returns for students El resto de la cantidad que reciba suele ser tributable. Tax returns for students Debe calcular las partes exentas y no exentas de impuestos de sus pagos de pensiones o anualidades conforme al Método Simplificado o a la Regla General. Tax returns for students La fecha de inicio de la anualidad determina qué método debe o puede usar. Tax returns for students   Si la fecha de inicio de la anualidad es posterior al 18 de noviembre de 1996 y sus pagos son de un plan calificado, tiene que usar el Método Simplificado. Tax returns for students Generalmente, tiene que usar la Regla General si su anualidad es pagada bajo un plan no calificado y usted no puede usar este método si su anualidad se pagó bajo un plan calificado. Tax returns for students   Si tenía más de una pensión o anualidad parcialmente tributable, calcule por separado la parte exenta y no exenta de impuestos. Tax returns for students   Si la anualidad se paga en virtud de un plan calificado y la fecha de inicio de la anualidad es posterior al 1 de julio de 1986 y anterior al 19 de noviembre de 1996, puede escoger usar la Regla General o el Método Simplificado. Tax returns for students Límite de exclusión. Tax returns for students   La fecha de inicio de la anualidad determina la cantidad total de pagos de anualidad que puede excluir de los ingresos tributables en el transcurso de los años. Tax returns for students Una vez que determina la fecha de inicio de su anualidad, ésta no cambia. Tax returns for students Si usted calcula la parte tributable del pago de su anualidad usando la Hoja de Trabajo del Método Simplificado, la fecha de inicio de la anualidad determina el período de recuperación para su costo. Tax returns for students Este período de recuperación comienza en la fecha de inicio de su anualidad y no se influye por la fecha en que primero completó la hoja de trabajo. Tax returns for students Exclusión limitada al costo. Tax returns for students   Si la fecha de inicio de la anualidad es posterior a 1986, la cantidad total del ingreso de anualidades que puede excluir en el transcurso de los años como recuperación del costo no puede ser superior al costo total. Tax returns for students Todo costo no recuperado en el momento de su muerte (o la muerte del último pensionista) se permite como deducción detallada miscelánea en la declaración final del fallecido. Tax returns for students Esta deducción no está sujeta al límite del 2% del ingreso bruto ajustado. Tax returns for students Exclusión no limitada al costo. Tax returns for students   Si la fecha de inicio de la anualidad es anterior a 1987, puede continuar optando a la exclusión mensual en tanto siga recibiendo su anualidad. Tax returns for students Si optó por una anualidad conjunta y de sobreviviente, su sobreviviente puede continuar optando a la exclusión del sobreviviente calculada a partir de la fecha de inicio de la anualidad. Tax returns for students La exclusión total podría ser mayor al costo en el que incurra. Tax returns for students Método Simplificado Conforme al Método Simplificado, la parte exenta de impuestos de cada pago de la anualidad se calcula dividiendo el costo entre el número total previsto de pagos mensuales. Tax returns for students Para una anualidad pagada durante la vida de los pensionistas, este número se basa en las edades de los pensionistas en la fecha de inicio de la anualidad y se determina a partir de una tabla. Tax returns for students Para cualquier otra anualidad, este número corresponde al número de pagos mensuales de la anualidad en virtud del contrato. Tax returns for students Quién tiene que usar el Método Simplificado. Tax returns for students   Usted tiene que usar el Método Simplificado si la fecha de inicio de la anualidad es posterior al 18 de noviembre de 1996 y cumple ambos requisitos: Recibe pagos de pensiones o anualidades de un plan calificado del empleado, anualidad calificada del empleado o plan de anualidad con refugio tributario (plan conforme a la sección 403(b)) y En la fecha de inicio de su anualidad, usted tenía menos de 75 de años de edad o tenía derecho a pagos garantizados por menos de 5 años. Tax returns for students Pagos garantizados. Tax returns for students   Su contrato de anualidad provee pagos garantizados si un número mínimo de pagos o una cantidad mínima (por ejemplo, la cantidad de su inversión) son pagados, aun si usted y algún pensionista sobreviviente no viven hasta que puedan recibir el mínimo. Tax returns for students Si la cantidad mínima es inferior a la cantidad total de pagos que usted va a recibir, salvo que fallezca, durante los primeros 5 años posteriores al comienzo de los pagos (calculado omitiendo todos los aumentos en los pagos), tiene derecho a menos de 5 años de pagos garantizados. Tax returns for students Hoja de Trabajo 10-A. Tax returns for students Hoja de Trabajo del Método Simplificado para Guillermo Rojas. Tax returns for students 1. Tax returns for students Anote el total de pagos de pensión o anualidad recibidos este año. Tax returns for students Asimismo, sume esta cantidad al total de la línea 16a del Formulario 1040 o de la línea 12a del Formulario 1040A 1. Tax returns for students 14,400 2. Tax returns for students Anote su costo en el plan (contrato) en la fecha de inicio de la anualidad más toda exclusión por beneficios en caso de fallecimiento*. Tax returns for students Vea Costo (Inversión en el Contrato) , anteriormente 2. Tax returns for students 31,000       Nota: Si la fecha de inicio de la anualidad fue antes del presente año y completó esta hoja de trabajo el año pasado, omita la línea 3 y anote la cantidad de la línea 4 de la hoja de trabajo del año pasado en la línea 4 siguiente (aun si la cantidad de la pensión o anualidad ha cambiado). Tax returns for students De lo contrario, pase a la línea 3. Tax returns for students         3. Tax returns for students Anote el número correspondiente de la Tabla 1, presentada a continuación. Tax returns for students Sin embargo, si la fecha de inicio de la anualidad fue después de 1997 y los pagos se realizarán durante su vida y la vida de su beneficiario, anote el número correspondiente de la Tabla 2 presentada a continuación 3. Tax returns for students 310     4. Tax returns for students Divida la línea 2 entre la cantidad anotada en la línea 3 4. Tax returns for students 100     5. Tax returns for students Multiplique la línea 4 por el número de meses durante los que se realizaron los pagos del presente año. Tax returns for students Si la fecha de inicio de la anualidad fue antes de 1987, anote esta cantidad en la línea 8 más adelante y omita las líneas 6, 7, 10 y 11. Tax returns for students De lo contrario, pase a la línea 6 . Tax returns for students 5. Tax returns for students 1,200     6. Tax returns for students Anote todas las cantidades recuperadas previamente exentas de impuestos en los años siguientes a 1986. Tax returns for students Esta cantidad aparece en la línea 10 de la hoja de trabajo del año pasado 6. Tax returns for students −0−     7. Tax returns for students Reste la línea 6 de la 2 7. Tax returns for students 31,000     8. Tax returns for students De las líneas 5 y 7, anote la cantidad que sea menor 8. Tax returns for students 1,200 9. Tax returns for students Cantidad tributable para el año. Tax returns for students Reste la línea 8 de la línea 1. Tax returns for students Anote el resultado, pero éste no puede ser menor que cero. Tax returns for students Asimismo, sume esta cantidad al total de la línea 16b del Formulario 1040 o de la línea 12b del Formulario 1040A 9. Tax returns for students 13,200   Nota: Si el Formulario 1099-R muestra una cantidad tributable mayor, use la cantidad de la línea 9 en su lugar. Tax returns for students Si es funcionario jubilado del sector de seguridad pública, vea Insurance Premiums for Retired Public Safety Officers (Primas de Seguros para Funcionarios Jubilados del Sector de Seguridad Pública) en la Publicación 575, en inglés, antes de anotar una cantidad en la declaración de impuestos. Tax returns for students     10. Tax returns for students ¿La fecha de inicio de su anualidad fue anterior a 1987? □ Sí. Tax returns for students NO SIGA. Tax returns for students No llene el resto de esta hoja de trabajo. Tax returns for students  ☑ No. Tax returns for students Sume las líneas 6 y 8. Tax returns for students El resultado es la cantidad recuperada exenta de impuestos hasta el año 2013 inclusive. Tax returns for students Necesitará esta cifra si necesita llenar esta hoja de trabajo el año que viene 10. Tax returns for students 1,200 11. Tax returns for students Saldo del costo por recuperar. Tax returns for students Reste la línea 10 de la línea 2. Tax returns for students Si es cero, no tendrá que llenar esta hoja de trabajo para el año que viene. Tax returns for students Los pagos que reciba el año próximo normalmente serán tributables en su totalidad 11. Tax returns for students 29,800 TABLA 1 PARA LA LÍNEA 3 ANTERIOR   Y la fecha de inicio de su anualidad fue: SI la edad en la  fecha de inicio de la anualidad era. Tax returns for students . Tax returns for students . Tax returns for students antes del 19 de noviembre de  1996, anote en la línea 3. Tax returns for students . Tax returns for students . Tax returns for students después del 18 de noviembre de  1996, anote en la línea 3. Tax returns for students . Tax returns for students . Tax returns for students 55 años de edad o menos 300 360 56–60 260 310 61–65 240 260 66–70 170 210 71 años de edad o más 120 160 TABLA 2 PARA LA LÍNEA 3 ANTERIOR SI la suma de las edades  en la fecha de inicio  de la anualidad era. Tax returns for students . Tax returns for students . Tax returns for students   ENTONCES anote en la línea 3. Tax returns for students . Tax returns for students . Tax returns for students 110 o menos   410 111–120   360 121–130   310 131–140   260 141 o más   210 * Una exclusión por beneficios en caso de fallecimiento (hasta $5,000) aplicada a ciertos beneficios recibidos por empleados que fallecieron antes del 21 de agosto de 1996. Tax returns for students Cómo usar el Método Simplificado. Tax returns for students    Complete la Hoja de Trabajo del Método Simplificado de la Publicación 575, en inglés, para calcular la anualidad tributable para 2013. Tax returns for students Anualidad sobre una sola vida. Tax returns for students    Si la anualidad solamente es pagada durante su vida, utilice la Tabla 1 en la parte inferior de la hoja de trabajo para determinar el número total de pagos mensuales previsto. Tax returns for students En la línea 3, anote el número correspondiente a su edad en la fecha de inicio de la anualidad. Tax returns for students Anualidad sobre más de una vida. Tax returns for students   Si la anualidad es pagada durante la vida de más de una persona, utilice la Tabla 2 en la parte inferior de la hoja de trabajo para determinar el número total de pagos mensuales previsto. Tax returns for students Anote en la línea 3 el número indicado en la tabla que es correspondiente a la suma de su edad y la del pensionista sobreviviente más joven en la fecha de inicio de la anualidad. Tax returns for students   Sin embargo, si la fecha de inicio de su anualidad comenzó antes de 1998, no utilice la Tabla 2 y no sume las edades de los pensionistas. Tax returns for students En vez de hacer eso, debe utilizar la Tabla 1 y anote en la línea 3 el número correspondiente a la edad del pensionista principal en la fecha de inicio de la anualidad. Tax returns for students    Asegúrese de guardar una copia de la hoja de trabajo completada, ya que le será de utilidad para calcular su anualidad tributable en el año entrante. Tax returns for students Ejemplo. Tax returns for students Guillermo Rojas, de 65 años de edad, comenzó a recibir beneficios de jubilación en el año 2013, conforme a una anualidad conjunta y de sobreviviente. Tax returns for students La fecha de inicio de la anualidad de Guillermo es el 1 de enero del año 2013. Tax returns for students Los beneficios se pagarán durante la vida conjunta de Guillermo y su esposa Marta, de 65 años de edad. Tax returns for students Guillermo había aportado $31,000 a un plan calificado y no había recibido distribuciones antes de la fecha de inicio de la anualidad. Tax returns for students Guillermo recibirá un beneficio de jubilación de $1,200 mensuales y Marta recibirá un beneficio de sobreviviente mensual de $600 tras la muerte de Guillermo. Tax returns for students Guillermo tiene que utilizar el Método Simplificado para calcular su anualidad tributable porque sus pagos provienen de un plan calificado y tiene menos de 75 años de edad. Tax returns for students Dado que su anualidad es pagada durante la vida de más de un pensionista, utiliza la suma de su edad y la de Marta y la Tabla 2 que aparece en la parte inferior de la hoja de trabajo para completar la línea 3 de la misma. Tax returns for students Su hoja de trabajo completada aparece en la Hoja de Trabajo 10-A . Tax returns for students La cantidad mensual exenta de impuestos de Guillermo es $100 ($31,000 ÷ 310), como se indica en la línea 4 de la hoja de trabajo. Tax returns for students Al morir Guillermo, si no ha recuperado la totalidad de la inversión de $31,000, Marta también excluirá $100 de su pago mensual de $600. Tax returns for students La cantidad total de todos los pagos de anualidad recibidos después de haberse efectuado 310 pagos se tiene que incluir en el ingreso bruto. Tax returns for students Si Guillermo y Marta fallecen antes de que se efectúen los 310 pagos, se permitirá una deducción detallada miscelánea por el costo no recuperado en la declaración del impuesto sobre el ingreso final del último en morir. Tax returns for students Esta deducción no está sujeta al límite del 2% del ingreso bruto ajustado. Tax returns for students Quién tiene que usar la Regla General. Tax returns for students   Se tiene que usar la Regla General si se reciben pagos de pensiones o anualidades de: Un plan no calificado (como una anualidad privada, una anualidad comercial comprada o un plan de empleado no calificado) o Un plan calificado si tiene 75 años de edad o más en la fecha de inicio de su anualidad y sus pagos de anualidad están garantizados por un mínimo de 5 años. Tax returns for students Anualidad cuya fecha de inicio es anterior al 19 de noviembre de 1996. Tax returns for students   Si la fecha de inicio de la anualidad es posterior al 1 de julio de 1986 y anterior al 19 de noviembre de 1996, tuvo que utilizar la Regla General para cualquiera de las circunstancias descritas anteriormente. Tax returns for students También tuvo que usarla para toda anualidad de plazo fijo. Tax returns for students Si no tuvo que utilizar la Regla General, pudo haber escogido usarla. Tax returns for students Si la fecha de inicio de la anualidad es anterior al 2 de julio de 1986, tuvo que usar la Regla General, a menos que haya podido usar la Regla de los Tres Años. Tax returns for students   Si tuvo que usar la Regla General (o escogió usarla), debe continuar usándola cada año que recupere su costo. Tax returns for students Quién no puede usar la Regla General. Tax returns for students   No puede usar la Regla General si recibe su pensión o anualidad de un plan calificado y ninguna de las circunstancias descritas anteriormente corresponde a su caso. Tax returns for students Consulte Quién tiene que usar el Método Simplificado , anteriormente. Tax returns for students Información adicional. Tax returns for students   Para obtener información completa acerca del uso de la Regla General, incluidas las tablas actuariales que necesitará utilizar, consulte la Publicación 939, en inglés. Tax returns for students Tributación de Pagos no Periódicos Las distribuciones no periódicas también se conocen como cantidades que no son recibidas como una anualidad. Tax returns for students Abarcan todos los pagos que no sean pagos periódicos o distribuciones correctivas. Tax returns for students Ejemplos de pagos no periódicos son retiros en efectivo, distribuciones de las ganancias de utilidad corriente, ciertos préstamos y el valor de un contrato de anualidad transferido sin consideración completa y adecuada. Tax returns for students Distribuciones correctivas de aportaciones en exceso hechas a un plan de jubilación. Tax returns for students   Normalmente, si las aportaciones hechas para usted durante el año a determinados planes de jubilación exceden ciertos límites, usted es responsable de pagar impuestos sobre el excedente. Tax returns for students Para corregir la cantidad en exceso, es posible que el plan se la devuelva (junto con todos los ingresos devengados sobre el mismo). Tax returns for students Para información acerca de los límites sobre aportaciones a un plan de jubilación y cómo declarar distribuciones correctivas, vea Retirement Plan Contributions (Aportaciones a un plan de jubilación), bajo Employee Compensation (Compensación del empleado), en la Publicación 525, en inglés. Tax returns for students Cómo calcular el monto sujeto a impuestos de los pagos que no son periódicos. Tax returns for students   El método que usted usa para calcular el monto sujeto a impuestos de una distribución no periódica depende de si la misma se hace antes de la fecha de inicio de la anualidad, o si se hace en o después de la fecha de inicio de la anualidad. Tax returns for students Si se hace la distribución antes de la fecha de inicio de la anualidad, el trato tributario de la misma también depende de si se hace conforme a un plan calificado o no calificado. Tax returns for students Si se hace conforme a un plan no calificado, su trato tributario dependerá de si le da fin completamente al contrato, si se recibe bajo ciertos seguros de vida o contratos de seguro dotal o si se puede asignar a una cantidad que usted invirtió antes del 14 de agosto de 1982. Tax returns for students Fecha de inicio de la anualidad. Tax returns for students   La fecha de inicio de la anualidad es el primer día del primer período para el cual usted recibe un pago de anualidad según estipula el contrato, o la fecha en que la obligación estipulada en el contrato se convierta en obligación fija, la que ocurra más tarde. Tax returns for students Distribución en la fecha de inicio de la anualidad o después de dicha fecha. Tax returns for students   Si recibe un pago no periódico procedente de su contrato de anualidad en, o después de, la fecha de inicio de la anualidad, generalmente tiene que incluir la totalidad del mismo en su ingreso bruto. Tax returns for students Distribución antes de la fecha de inicio de la anualidad. Tax returns for students   Si recibe una distribución que no sea periódica antes de la fecha de inicio de la anualidad proveniente de un plan de jubilación calificado, generalmente puede asignar sólo una parte de dicha distribución al costo del contrato. Tax returns for students Excluya del ingreso bruto la parte que asigne al costo. Tax returns for students Incluya el resto en su ingreso bruto. Tax returns for students   Si recibe una distribución no periódica antes de la fecha de inicio de la anualidad proveniente de un plan que no sea un plan de jubilación calificado (plan no calificado), por lo general la misma se asigna primero a las ganancias (la parte sujeta a impuestos) y luego al costo del contrato (la parte exenta de impuestos). Tax returns for students Esta regla de asignación se aplica, por ejemplo, a un contrato de anualidad comercial que haya comprado directamente del emisor. Tax returns for students    Las distribuciones de los planes no calificados están sujetas al impuesto sobre los ingresos netos de inversión. Tax returns for students Vea las Instrucciones para el Formulario 8960, disponibles en inglés. Tax returns for students   Para más información, vea Figuring the Taxable Amount (Cómo calcular el monto tributable), bajo Taxation of Nonperiodic Payments (Tributación de pagos no periódicos), en la Publicación 575, en inglés. Tax returns for students Distribuciones de Suma Global Esta sección, que abarca el tema de las distribuciones de sumas globales, sólo aplica si el participante del plan nació antes del 2 de enero de 1936. Tax returns for students Si el participante nació después del 1 de enero de 1936, la cantidad tributable de este pago no periódico se declara tal como se explicó anteriormente. Tax returns for students Una distribución de suma global es la distribución o el pago, en un año tributario, del saldo total de un participante de un plan, de todos los planes del empleador calificados del mismo tipo (por ejemplo, planes de pensiones, de participación en las ganancias o de bonificación de acciones). Tax returns for students La distribución de un plan no calificado (como una anualidad comercial de compra privada o un plan de compensación diferida de la sección 457 de un gobierno estatal o local o de una organización exenta de impuestos) no se puede considerar distribución de suma global. Tax returns for students El saldo total de un participante de un plan no incluye ciertas cantidades a las cuales perdió el derecho a ellas. Tax returns for students Tampoco incluye las aportaciones voluntarias del empleado que sean deducibles, permitidas por el plan después de 1981 y antes de 1987. Tax returns for students Para obtener más información acerca de las distribuciones que no se pueden considerar distribuciones de suma global, consulte Distributions that do not qualify (Distribuciones que no reúnen los requisitos), bajo Lump-Sum Distributions (Distribuciones de suma global) en la Publicación 575, en inglés. Tax returns for students Si recibe una distribución de suma global de un plan de empleado calificado o anualidad de empleado calificada y el participante del plan nació antes del 2 de enero de 1936, tal vez pueda elegir métodos alternos para el cálculo del impuesto sobre la distribución. Tax returns for students La parte de la participación activa en el plan antes de 1974 puede considerarse ganancia de capital sujeta a una tasa de impuesto del 20%. Tax returns for students La parte de la participación después de 1973 (y toda parte de la participación antes de 1974 que no declare como ganancia de capital) constituye ingresos ordinarios. Tax returns for students Tal vez pueda usar la opción de impuesto de 10 años, la cual se explica más adelante, para calcular los impuestos sobre la parte de los ingresos ordinarios. Tax returns for students Use el Formulario 4972 para calcular el impuesto separado sobre una distribución de suma global mediante los métodos a los que tiene opción. Tax returns for students El impuesto calculado en el Formulario 4972 se suma al impuesto básico calculado en otros ingresos. Tax returns for students Esto puede dar origen a un impuesto menor que el que usted pagaría si incluye la cantidad tributable de la distribución como ingresos ordinarios al calcular el impuesto básico. Tax returns for students Cómo tratar la distribución. Tax returns for students   Si recibe una distribución de suma global, podría tratar la parte tributable basándose en una de las siguientes opciones: Declare la parte de la distribución de la participación antes de 1974 como ganancia de capital (si reúne los requisitos) y la parte de la participación después de 1973 como ingresos ordinarios. Tax returns for students Declare la parte de la distribución de la participación antes de 1974 como ganancia de capital (si reúne los requisitos) y use la opción de impuesto de 10 años para calcular los impuestos sobre la parte de la participación después de 1973 (si reúne los requisitos). Tax returns for students Use la opción de impuesto de 10 años para calcular los impuestos sobre la cantidad tributable total (si reúne los requisitos). Tax returns for students Reinvierta toda o parte de la distribución. Tax returns for students Consulte Reinversiones , más adelante. Tax returns for students Actualmente no se deben impuestos sobre la parte reinvertida. Tax returns for students Declare toda parte no reinvertida como ingresos ordinarios. Tax returns for students Declare toda parte tributable de la distribución como ingresos ordinarios en la declaración de impuestos. Tax returns for students   Las tres primeras opciones se explican en los siguientes párrafos. Tax returns for students Opción al trato de suma global. Tax returns for students   Puede decidir usar la opción de impuesto de 10 años o el trato de ganancia de capital solamente una vez después de 1986 para todo participante de un plan. Tax returns for students Si escoge esta alternativa, no puede optar a ninguno de estos dos tratos para futuras distribuciones destinadas al participante. Tax returns for students Partes de la distribución sujetas a impuestos y exentas de impuestos. Tax returns for students    La parte sujeta a impuestos de una distribución de suma global corresponde a las aportaciones del empleador y al ingreso ganado sobre su cuenta. Tax returns for students Puede recuperar el costo de la suma global y toda revalorización neta no realizada (NUA, por sus siglas en inglés) en los valores bursátiles exentos de impuestos del empleador. Tax returns for students Costo. Tax returns for students   En general, su costo es el total de: Las aportaciones al plan no deducibles realizadas por el participante del plan, Los costos tributables del participante del plan de un contrato de seguro de vida ya pagado, Todas las aportaciones del empleador que hayan sido tributables para el participante del plan y Reembolsos de préstamos que hayan sido tributables para el participante del plan. Tax returns for students Tiene que descontar de este costo las cantidades previamente pagadas exentas de impuestos. Tax returns for students Revalorización neta no realizada (NUA, por sus siglas en inglés). Tax returns for students   Por lo general, la NUA en los valores bursátiles del empleador (recuadro 6 del Formulario 1099-R) recibida como parte de una distribución de suma global está exenta de impuestos hasta que usted venda o intercambie los valores bursátiles. Tax returns for students Para obtener más información, consulte Distributions of employer securities (Distribuciones de valores bursátiles del empleador), bajo Taxation of Nonperiodic Payments (Tributación de pagos no periódicos), en la Publicación 575, en inglés. Tax returns for students Trato de Ganancias de Capital El trato de ganancias de capital solamente se aplica a la parte tributable de una distribución de suma global originada por la participación en el plan antes de 1974. Tax returns for students La cantidad tratada como ganancia de capital se grava a una tasa del 20%. Tax returns for students Puede elegir este trato solamente una vez para un participante de un plan y sólo si éste nació antes del 2 de enero de 1936. Tax returns for students Complete la Parte II del Formulario 4972 para elegir la opción de ganancia de capital del 20%. Tax returns for students Para obtener más información, vea Capital Gain Treatment (Trato de ganancias de capital) bajo Lump-Sum Distributions (Distribuciones de suma global), en la Publicación 575, en inglés. Tax returns for students Opción de Impuesto de 10 Años La opción de impuesto de 10 años es una fórmula especial que se usa para calcular por separado un impuesto sobre la parte de ingresos ordinarios de una distribución de suma global. Tax returns for students Usted paga el impuesto solamente una vez, para el año en que recibe la distribución, y no durante los siguientes 10 años. Tax returns for students Puede elegir este trato solamente una vez para un participante de un plan y sólo si éste nació antes del 2 de enero de 1936. Tax returns for students La parte de ingresos ordinarios de la distribución corresponde a la cantidad que se indica en el recuadro 2a del Formulario 1099-R que le entregó el pagador, menos la cantidad, si la hay, que se indica en el recuadro 3. Tax returns for students También puede tratar la parte de la ganancia de capital de la distribución (recuadro 3 del Formulario 1099-R) como ingresos ordinarios para la opción de impuesto de 10 años si no elige el trato de ganancias de capital para esa parte. Tax returns for students Complete la Parte III del Formulario 4972 para elegir la opción de impuesto de 10 años. Tax returns for students Para calcular el impuesto, tiene que usar la Tasa Impositiva (Tax Rate Schedule) especial que se halla en las instrucciones de la Parte III. Tax returns for students La Publicación 575, en inglés, muestra cómo completar el Formulario 4972 para calcular el impuesto por separado. Tax returns for students Reinversiones Si retira dinero en efectivo u otros activos de un plan de jubilación calificado en una distribución con derecho a reinversión, puede diferir el impuesto sobre la distribución al reinvertirla a otro plan de jubilación calificado o arreglo IRA tradicional. Tax returns for students Para este fin, los siguientes son planes de jubilación calificados: Un plan de empleado calificado. Tax returns for students Un plan de anualidades de empleado calificado. Tax returns for students Un plan de anualidades con refugio tributario (plan 403(b)). Tax returns for students Un plan de compensación diferida de la sección 457 del gobierno estatal o local que reúna los requisitos. Tax returns for students Distribuciones con derecho a reinversión. Tax returns for students   Generalmente, una distribución con derecho a reinversión es toda distribución del total, o de alguna parte, del saldo a su favor en un plan de jubilación calificado. Tax returns for students Para información sobre excepciones a las distribuciones con derecho a reinversión, vea la Publicación 575, en inglés. Tax returns for students Reinversión de cantidades no tributables. Tax returns for students   Tal vez usted pueda reinvertir la parte no tributable de una distribución (como sus aportaciones después de impuestos) realizada en otro plan de jubilación calificado que sea un plan de empleado calificado o plan de la sección 403(b), o en un arreglo IRA tradicional o Roth IRA. Tax returns for students El traspaso se tiene que efectuar mediante una reinversión directa a un plan calificado o a un plan de la sección 403(b) que considere en forma separada las partes tributables y no tributables de la reinversión o a través de una reinversión en un arreglo IRA tradicional o en un arreglo Roth IRA. Tax returns for students   Si solamente reinvierte parte de una distribución que incluya cantidades tributables y no tributables, la cantidad reinvertida se trata como si proviniera primero de la parte tributable de la distribución. Tax returns for students   Toda aportación neta de impuestos que reinvierta en su arreglo IRA tradicional forma parte de la base (costo) en sus arreglos IRA. Tax returns for students Para recuperar la base después de sacar distribuciones de su arreglo IRA, tiene que llenar el Formulario 8606 para el año de la distribución. Tax returns for students Para más información, vea las Instrucciones para el Formulario 8606, en inglés. Tax returns for students Opción de reinversión directa. Tax returns for students   Puede elegir que se pague una parte o el total de una distribución con derecho a reinversión directamente a otro plan calificado que esté autorizado para recibirlas o a un arreglo IRA tradicional o arreglo Roth IRA. Tax returns for students Si elige una reinversión directa o si se efectúa una reinversión automática, no se retendrán impuestos de ninguna parte de la distribución que se pague directamente al fideicomisario del otro plan. Tax returns for students Si decide que se le pague la distribución. Tax returns for students   Si se le paga una distribución con derecho a reinversión, normalmente se retendrá el 20% de la misma para fines del impuesto sobre los ingresos. Tax returns for students No obstante, se considera que la totalidad de la distribución se le ha pagado aunque en realidad recibe sólo el 80% de la misma. Tax returns for students Normalmente, tiene que incluir en los ingresos toda parte (incluyendo la parte retenida) que no reinvierta dentro de los 60 días en otro plan de jubilación calificado o en un arreglo IRA tradicional o arreglo Roth IRA. Tax returns for students (Consulte Pensiones y Anualidades bajo Retención de Impuesto para el Año 2014, en el capítulo 4). Tax returns for students    Si decide reinvertir una cantidad igual a la distribución antes de la retención, su aportación al nuevo plan o arreglo IRA tiene que incluir otro dinero (por ejemplo, de ahorros o cantidades obtenidas en préstamo) para reemplazar la cantidad retenida. Tax returns for students Cuándo hacer la reinversión. Tax returns for students   Generalmente, tiene que efectuar por completo la reinversión de una distribución con derecho a reinversión a más tardar 60 días después del día en que reciba la distribución del plan de su empleador. Tax returns for students (Si recibe una distribución y durante los 60 días de haberla recibido ésta se convierte en depósito bloqueado de una institución financiera, el plazo de reinversión se prórroga por el período durante el cual la distribución se encuentre en un depósito bloqueado en una institución financiera). Tax returns for students   El IRS puede retirar el requisito de 60 días si la aplicación de dicho requisito fuera contrario a un trato de equidad o de buena conciencia, como en el caso de un hecho fortuito, desastre u otro evento fuera de un control razonable. Tax returns for students El administrador de un plan calificado tiene que entregarle una explicación por escrito de sus opciones de distribución dentro de un período razonable antes de realizar una distribución con derecho a reinversión. Tax returns for students Orden de relaciones domésticas calificadas (QDRO, por sus siglas en inglés). Tax returns for students   Tal vez pueda reinvertir la totalidad o parte exenta de impuestos de una distribución de un plan de jubilación calificado que reciba conforme a una orden de relaciones domésticas calificadas. Tax returns for students Si recibe la distribución como cónyuge o ex cónyuge de un empleado (no como beneficiario que no es cónyuge), se aplican a su caso las reglas de reinversión como si usted fuese el empleado. Tax returns for students Puede reinvertir la distribución del plan en un arreglo IRA tradicional o en otro plan de jubilación que reúna las condiciones. Tax returns for students Consulte el tema titulado Rollovers (Reinversiones), en la Publicación 575, en inglés, para obtener más información acerca de los beneficios recibidos conforme a una orden de este tipo. Tax returns for students Reinversiones por parte del cónyuge sobreviviente. Tax returns for students   Tal vez pueda reinvertir, exenta de impuestos, la totalidad o parte de una distribución de un plan de jubilación calificado que reciba como cónyuge sobreviviente de un empleado fallecido. Tax returns for students Las reglas de reinversión se le aplican como si usted fuese el empleado. Tax returns for students Puede reinvertir una distribución en un plan de jubilación calificado o en un arreglo IRA tradicional o arreglo Roth IRA. Tax returns for students En el caso de una reinversión en un arreglo Roth IRA, vea Reinversiones en arreglos Roth IRA , más adelante. Tax returns for students    Una distribución pagada a un beneficiario distinto al cónyuge sobreviviente del empleado no suele ser una distribución con derecho a reinversión. Tax returns for students No obstante, vea el tema que se presenta a continuación, Reinversiones por parte de un beneficiario que no sea el cónyuge . Tax returns for students Reinversiones por parte de un beneficiario que no sea el cónyuge. Tax returns for students   Si es beneficiario designado (que no sea el cónyuge sobreviviente) de un empleado fallecido, quizás pueda reinvertir la totalidad o parte exenta de impuestos de una distribución que reciba de un plan de jubilación calificado del empleado. Tax returns for students La distribución debe ser un traspaso directo de fideicomisario a fideicomisario a su arreglo IRA tradicional o su arreglo Roth IRA establecido para recibir dicha distribución. Tax returns for students El traspaso se considerará una distribución con derecho a reinversión y el plan que la recibe se considerará un arreglo IRA heredado. Tax returns for students Para más información sobre los arreglos IRA heredados, vea el tema titulado What if You Inherit an IRA? (¿Qué ocurre si usted hereda un IRA?), en el capítulo 1 de la Publicación 590, Individual Retirement Arrangements (IRAs) (Arreglos individuales de ahorro para la jubilación (IRA, por sus siglas en inglés)), en inglés. Tax returns for students Bonos de jubilación. Tax returns for students   Si rescata bonos de jubilación obtenidos conforme a un plan de compra de bonos calificado, puede reinvertir exentos de impuesto en un arreglo IRA la parte de las ganancias que sea superior a la base (como se explica en la Publicación 590, en inglés) o en un plan de empleador calificado. Tax returns for students Arreglos de ahorros para la jubilación designados Roth. Tax returns for students   Puede reinvertir una distribución con derecho a reinversión desde un arreglo designado Roth a otro arreglo designado Roth o a un arreglo Roth IRA. Tax returns for students Si desea reinvertir la parte de la distribución que no se incluya en los ingresos, tiene que hacer una reinversión directa de la distribución en su totalidad o puede reinvertir la cantidad entera (o cualquier parte de la misma) en un arreglo Roth IRA. Tax returns for students Para más información sobre las reinversiones de arreglos designados Roth, vea el tema titulado Rollovers (Reinversiones), en la Publicación 575, en inglés. Tax returns for students Reinversiones en arreglos de ahorros para la jubilación designados Roth IRA dentro del mismo plan. Tax returns for students   Si usted es participante en un plan de tipo 401(k), 403(b) o 457(b), es posible que pueda reinvertir fondos de dichos planes en un arreglo designado Roth dentro del mismo plan. Tax returns for students Se tiene que incluir en los ingresos la reinversión de cantidades libres de impuestos. Tax returns for students Vea el tema titulado Designated Roth Accounts (Cuentas designadas Roth), que se encuentra bajo el tema Rollovers (Reinversiones), en la Publicación 575, en inglés, para más información. Tax returns for students Reinversiones en arreglos Roth IRA. Tax returns for students   Puede reinvertir distribuciones directamente de un plan de jubilación calificado en un arreglo Roth IRA. Tax returns for students   Tiene que incluir en los ingresos brutos distribuciones procedentes de un plan de jubilación calificado (que no sea un arreglo designado Roth) que habría estado obligado a incluir en los ingresos si no las hubiera reinvertido en un arreglo Roth IRA. Tax returns for students No se incluye en los ingresos brutos ninguna parte de una distribución procedente de un plan de jubilación calificado que sea una devolución de aportaciones a dicho plan que estuviesen sujetas a impuestos cuando las hizo. Tax returns for students Asimismo, no corresponde el impuesto del 10% sobre distribuciones prematuras. Tax returns for students Información adicional. Tax returns for students   Para más información sobre las reglas relativas a la reinversión de distribuciones, vea el tema titulado Rollovers (Reinversiones), en la Publicación 575, en inglés. Tax returns for students Impuestos Adicionales Especiales Para desalentar el uso de fondos de pensiones para fines que no sean los de la jubilación normal, la ley impone impuestos adicionales sobre distribuciones prematuras de aquellos fondos y en aquellos casos en que los fondos no se retiran a tiempo. Tax returns for students Por lo general, no estará sujeto a estos impuestos si reinvierte toda distribución prematura que reciba, como se explica anteriormente, y comienza a retirar los fondos a una edad de jubilación normal y en cantidades razonables durante su expectativa de vida. Tax returns for students Estos impuestos adicionales especiales son impuestos sobre: Distribuciones prematuras y Acumulación en exceso (sin recibir distribuciones mínimas). Tax returns for students Estos impuestos se explican en las siguientes secciones. Tax returns for students Si tiene que pagar alguno de estos impuestos, declárelo en el Formulario 5329. Tax returns for students Sin embargo, no tiene que presentar el Formulario 5329 si adeuda solamente el impuesto sobre distribuciones prematuras y su Formulario 1099-R indica correctamente un “1” en el recuadro 7. Tax returns for students En su lugar, anote el 10% de la parte tributable de la distribución en la línea 58 del Formulario 1040 y escriba “No” bajo el título “ Other Taxes ” (Otros impuestos) a la izquierda de la línea 58. Tax returns for students Aun si no adeuda estos impuestos, es posible que tenga que completar el Formulario 5329 y adjuntarlo al Formulario 1040. Tax returns for students Esto corresponde si cumple una excepción al impuesto sobre distribuciones prematuras, pero el recuadro 7 de su Formulario 1099-R no indica una excepción. Tax returns for students Impuesto sobre Distribuciones Prematuras La mayoría de las distribuciones (periódicas y no periódicas) de planes de jubilación calificados y contratos de anualidades no calificados pagadas a usted antes de cumplir 59 años y medio de edad está sujeta a un impuesto adicional del 10%. Tax returns for students Este impuesto se aplica a la parte de la distribución que tiene que incluir en el ingreso bruto. Tax returns for students Para este fin, un plan de jubilación calificado es: Un plan de empleado calificado, Un plan de anualidades de empleado calificado, Un plan de anualidades con refugio tributario o Un plan de remuneración diferida de la sección 457 del gobierno estatal o local (en la medida en que alguna distribución sea atribuible a las cantidades que recibió el plan en un traspaso directo o reinversión de uno de los otros planes que se indican aquí o de un arreglo IRA). Tax returns for students Tasa del 5% en ciertas distribuciones prematuras de contratos de anualidad diferida. Tax returns for students   Si un retiro prematuro de una anualidad diferida está sujeto al impuesto adicional del 10%, en su lugar se podría aplicar una tasa de un 5%. Tax returns for students La tasa del 5% se aplica a distribuciones conforme a una opción por escrito que estipule un plan de distribución de su participación en el contrato si, para el 1 de marzo de 1986, usted había comenzado a recibir pagos conforme a esa opción. Tax returns for students En la línea 4 del Formulario 5329, en inglés, multiplique la cantidad de la línea 3 por el 5% en lugar del 10%. Tax returns for students Adjunte una explicación a su declaración. Tax returns for students Distribuciones de arreglos Roth IRA reinvertidas en un plan de jubilación que reúne los requisitos y dentro del plazo de cinco años. Tax returns for students   Si reinvirtió fondos de un plan de jubilación, el cual reúne los requisitos, en un arreglo Roth IRA y recibe una distribución de este arreglo Roth IRA dentro del plazo de cinco años que se inicia en el primer día del año tributario en el que efectuó dicha reinversión, es posible que tenga que pagar el impuesto adicional del 10% sobre distribuciones prematuras. Tax returns for students Normalmente, paga el impuesto adicional del 10% sobre toda cantidad atribuible a la parte de la reinversión que usted estuviera obligado a incluir en los ingresos. Tax returns for students Se utiliza el Formulario 5329 para calcular el impuesto adicional. Tax returns for students Para más información, vea el Formulario 5329 y las instrucciones del mismo. Tax returns for students Para información sobre distribuciones calificadas de un arreglo Roth IRA, vea Additional Tax on Early Distributions (Impuesto adicional sobre distribuciones prematuras) en el capítulo 2 de la Publicación 590, en inglés. Tax returns for students Distribuciones de arreglos de ahorros para la jubilación designados Roth asignables a distribuciones de un arreglo para la jubilación Roth efectuadas dentro del plazo de cinco años. Tax returns for students   Si reinvirtió fondos de un plan de tipo 401(k), 403(b) o 457(b) en un arreglo designado Roth IRA y recibe una distribución de este arreglo designado Roth IRA dentro del plazo de cinco años que se inicia en el primer día del año tributario en el que efectuó dicha reinversión, es posible que tenga que pagar el impuesto adicional del 10% sobre distribuciones prematuras. Tax returns for students Normalmente, paga el impuesto adicional del 10% sobre toda cantidad atribuible a la parte de la reinversión dentro del mismo plan que usted estuviera obligado a incluir en los ingresos. Tax returns for students Se utiliza el Formulario 5329 para calcular el impuesto adicional. Tax returns for students Para más información, vea el Formulario 5329 y las instrucciones del mismo. Tax returns for students Para información sobre distribuciones calificadas de un arreglo designado Roth IRA, vea Designated Roth accounts (Arreglos Roth IRA designados) bajo Taxation of Periodic Payments (Tributación de pagos periódicos), en la Publicación 575, en inglés. Tax returns for students Excepciones a los impuestos. Tax returns for students    Ciertas distribuciones prematuras se excluyen del impuesto sobre dichas distribuciones prematuras. Tax returns for students Si el pagador sabe que se aplica una excepción a su distribución prematura, el código de distribución “2”, “3” ó “4” debe aparecer en el recuadro 7 del Formulario 1099-R y usted no tiene que declarar la distribución en el Formulario 5329. Tax returns for students Si corresponde una excepción, pero el código de la distribución “1” (distribución prematura, se desconocen excepciones) aparece en el recuadro 7, tiene que presentar el Formulario 5329. Tax returns for students Anote en la línea 1 del Formulario 5329 la cantidad tributable de la distribución que aparece en el recuadro 2a de su Formulario 1099-R. Tax returns for students En la línea 2, anote la cantidad que se puede excluir y el número de la excepción que aparece en las instrucciones del Formulario 5329. Tax returns for students    Si el código de distribución “1” aparece incorrectamente en el Formulario 1099-R para una distribución recibida cuando tenía 59 años y medio de edad o más, incluya esa distribución en el Formulario 5329. Tax returns for students Anote el número de la excepción “12” en la línea 2. Tax returns for students Excepciones generales. Tax returns for students   El impuesto no se aplica a distribuciones que: Se realizan como parte de una serie de pagos periódicos básicamente iguales (efectuados como mínimo una vez al año) durante su vida (o expectativa de vida) o la vida conjunta (o expectativa de vida conjunta) de usted y de su beneficiario designado (si los pagos provienen de un plan de jubilación calificado, tienen que comenzar después de su retirada del trabajo), Se realizan porque usted se encuentra total y permanentemente incapacitado o Se realizan al momento de la muerte del participante del plan o dueño del contrato o después de la muerte. Tax returns for students Excepciones adicionales para planes de jubilación calificados. Tax returns for students   El impuesto no se aplica a distribuciones provenientes de: Un plan de jubilación calificado (que no sea un arreglo IRA) después de su retirada del trabajo durante o después del año en que cumplió 55 años de edad (50 años de edad para empleados calificados del sector de la seguridad pública), Un plan de jubilación calificado (que no sea un arreglo IRA) a un beneficiario alternativo conforme a una orden de relaciones domésticas calificadas, Un plan de jubilación calificado en la medida en que usted tenga gastos médicos deducibles que excedan del 10% (o 7. Tax returns for students 5% si usted o su cónyuge tiene 65 años de edad o más) de su ingreso bruto ajustado, independientemente de si detalla o no sus deducciones para el año, Un plan de empleador conforme a una opción por escrito que estipule un plan de distribución de la totalidad de su participación si, al 1 de marzo de 1986, usted se había retirado de servicio y había comenzado a recibir pagos conforme a esa opción, Un plan de acciones de propiedad de los empleados en el caso de dividendos de valores bursátiles del empleador administrados por el plan, Un plan de jubilación calificado debido a un embargo del plan por parte del IRS Cuentas de aplazamientos electivos bajo planes 401(k) o 403(b), o planes similares, que sean distribuciones para ciudadanos en reserva militar que reúnen los requisitos o Pagos de anualidades de jubilación por fases efectuados a empleados federales. Tax returns for students Vea la Publicación 721, disponible en inglés, si desea más información sobre el programa de jubilación por fases. Tax returns for students Empleados del sector de la seguridad pública que reúnen los requisitos. Tax returns for students   Si es empleado del sector de la seguridad pública y reúne los requisitos, las distribuciones hechas de un plan de pensiones gubernamental con beneficios definidos no están sujetas al impuesto adicional sobre distribuciones prematuras. Tax returns for students Se le considera empleado del sector de la seguridad pública que reúne los requisitos si provee protección policial, presta servicios de bombero o servicios médicos de urgencia para un estado o municipio y terminó de prestar servicios (se había separado del servicio) en, o después del, año en que cumplió los 50 años de edad. Tax returns for students Distribuciones para ciudadanos en reserva militar que reúnen los requisitos. Tax returns for students   Una distribución para ciudadanos en reserva militar que reúnen los requisitos no está sujeta a impuestos adicionales sobre distribuciones prematuras. Tax returns for students Una distribución para ciudadanos en reserva militar que reúnen los requisitos es una distribución: (