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Taxact For 2011

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Taxact For 2011

Taxact for 2011 Index A Additional child tax credit, Additional child tax credit. Taxact for 2011 Additional Medicare Tax, What's New, Useful Items - You may want to see:, Additional Medicare Tax. Taxact for 2011 , Additional Medicare Tax. Taxact for 2011 , Additional Medicare Tax. Taxact for 2011 , Additional Medicare Tax. Taxact for 2011 , Additional Medicare Tax. Taxact for 2011 , Additional Medicare Tax Aliens Nonresident (see specific possession) Resident (see specific possession) American Samoa, American Samoa, Double Taxation Form 4563, Form 4563. Taxact for 2011 Armed forces, U. Taxact for 2011 S. Taxact for 2011 Bona fide residence, Special rule for members of the U. Taxact for 2011 S. Taxact for 2011 Armed Forces. Taxact for 2011 Armed Forces, U. Taxact for 2011 S. Taxact for 2011 Earned income credit, Earned income credit. Taxact for 2011 , U. Taxact for 2011 S. Taxact for 2011 Armed Forces. Taxact for 2011 Source of income, U. Taxact for 2011 S. Taxact for 2011 Armed Forces. Taxact for 2011 Spouse, Special rule for civilian spouse of active duty member of the U. Taxact for 2011 S. Taxact for 2011 Armed Forces. Taxact for 2011 , Civilian spouse of active duty member of the U. Taxact for 2011 S. Taxact for 2011 Armed Forces. Taxact for 2011 , Civilian spouse of active duty member of the U. Taxact for 2011 S. Taxact for 2011 Armed Forces. Taxact for 2011 , Civilian spouse of active duty member of the U. Taxact for 2011 S. Taxact for 2011 Armed Forces. Taxact for 2011 , Civilian spouse of active duty member of the U. Taxact for 2011 S. Taxact for 2011 Armed Forces. Taxact for 2011 , Civilian spouse of active duty member of the U. Taxact for 2011 S. Taxact for 2011 Armed Forces. Taxact for 2011 , Civilian spouse of active duty member of the U. Taxact for 2011 S. Taxact for 2011 Armed Forces. Taxact for 2011 Assistance (see Tax help) Awards and prizes, Scholarships, Fellowships, Grants, Prizes, and Awards B Bankruptcy cases, Chapter 11, Chapter 11 Bankruptcy cases. Taxact for 2011 Bona fide residence, Bona Fide Residence, Worldwide gross income. Taxact for 2011 Closer connection, Closer Connection, Exception for Year of Move Year of move, Exception for Year of Move, Special Rules in the Year of a Move, Puerto Rico Presence test, Presence Test, Charitable sports event, Charitable Sports Event Child, defined, Days of presence in a possession. Taxact for 2011 Nonresident aliens, Special rule for nonresident aliens. Taxact for 2011 Possession, days in, Days of presence in a possession. Taxact for 2011 Qualifying medical treatment, Qualifying Medical Treatment Significant connection, Significant Connection, Student, Student U. Taxact for 2011 S. Taxact for 2011 , days in, Days of presence in the United States. Taxact for 2011 Reporting change in residency status, Reporting a Change in Bona Fide Residence, Worldwide gross income. Taxact for 2011 Penalty for not reporting, Penalty for Not Filing Form 8898 Tax home, Tax Home, Year of Move Exceptions, Exceptions Government officials, Students and Government Officials Seafarers, Seafarers Students, Students and Government Officials Year of move, Year of Move, Special Rules in the Year of a Move, Puerto Rico Tests to meet, Bona Fide Residence U. Taxact for 2011 S. Taxact for 2011 Armed Forces, Special rule for members of the U. Taxact for 2011 S. Taxact for 2011 Armed Forces. Taxact for 2011 Year of move, Special Rules in the Year of a Move, Puerto Rico Puerto Rico, Puerto Rico C Change in residency status, reporting, Reporting a Change in Bona Fide Residence, Worldwide gross income. Taxact for 2011 Penalty for not reporting, Penalty for Not Filing Form 8898 Change of address, Reminders Charitable sports event, Charitable Sports Event Child tax credit, additional, Additional child tax credit. Taxact for 2011 Child, defined, Days of presence in a possession. Taxact for 2011 Closer connection, Closer Connection, Exception for Year of Move Year of move, Exception for Year of Move, Special Rules in the Year of a Move, Puerto Rico CNMI tax return, Nonresident Alien (Other Than a Bona Fide Resident of the CNMI) Commonwealth of Puerto Rico, The Commonwealth of Puerto Rico, Double Taxation Commonwealth of the Northern Mariana Islands (CNMI), The Commonwealth of the Northern Mariana Islands, Double Taxation Form 5074, Form 5074. Taxact for 2011 Compensation for labor or personal services, Compensation for Labor or Personal Services, Pensions. Taxact for 2011 Alternative basis, Alternative basis. Taxact for 2011 Multi-year compensation, Multi-year compensation. Taxact for 2011 Time basis, Time basis. Taxact for 2011 Competent Authority Assistance, Competent Authority Assistance How to make your request, How to make your request. Taxact for 2011 Credit or Refund File a claim for credit or refund of any overpayment sought, Credit or Refund Credits Earned income, Reminders, Earned income credit. Taxact for 2011 Foreign tax, U. Taxact for 2011 S. Taxact for 2011 Government employees. Taxact for 2011 , Moving expense deduction. Taxact for 2011 , Foreign Tax Credit if Possession Income Is Excluded D Deductions IRA contribution, Individual retirement arrangement (IRA) deduction. Taxact for 2011 Moving expenses U. Taxact for 2011 S. Taxact for 2011 return, Moving expense deduction. Taxact for 2011 Personal exemptions, Personal Exemptions Self-employment tax, one-half of, Self-employment tax deduction. Taxact for 2011 Standard deduction, Standard Deduction Deductions if Possession Income Is Excluded, Deductions if Possession Income Is Excluded Dispositions of certain property, special rules for, Special Rules for Gains From Dispositions of Certain Property Dividends, Dividends. Taxact for 2011 Double taxation, inconsistent tax treatment Mutual agreement procedure, Double Taxation E Earned income credit, Reminders, Earned income credit. Taxact for 2011 Effectively connected income, Effectively Connected Income Estimated tax payments, Estimated tax payments. Taxact for 2011 , Estimated tax payments. Taxact for 2011 , Estimated tax payments. Taxact for 2011 , Estimated tax payments. Taxact for 2011 , Estimated tax payments. Taxact for 2011 , Estimated Tax Exemptions, deduction for, Personal Exemptions Extension of time to file U. Taxact for 2011 S. Taxact for 2011 return, Extension of Time To File USVI, Extension of time to file. Taxact for 2011 F Filing requirements American Samoa, American Samoa, Double Taxation Form 4563, Form 4563. Taxact for 2011 CNMI, The Commonwealth of the Northern Mariana Islands, Double Taxation Form 5074, Form 5074. Taxact for 2011 Guam, Guam, Double Taxation Form 5074, Form 5074. Taxact for 2011 Possessions, Filing Information for Individuals in Certain U. Taxact for 2011 S. Taxact for 2011 Possessions, Double Taxation Puerto Rico, The Commonwealth of Puerto Rico, Double Taxation U. Taxact for 2011 S. Taxact for 2011 return, Filing Requirement if Possession Income Is Excluded USVI, The U. Taxact for 2011 S. Taxact for 2011 Virgin Islands, Double Taxation Form 1040INFO, Form 1040INFO. Taxact for 2011 Form 4868, Extension of time to file. Taxact for 2011 Form 8689, Form 8689. Taxact for 2011 Foreign tax credit, Foreign Tax Credit if Possession Income Is Excluded Form 1040-ES, Estimated Tax 1040-PR, Additional child tax credit. Taxact for 2011 1040-SS, Self-employment tax. Taxact for 2011 , Additional child tax credit. Taxact for 2011 , Self-employment tax. Taxact for 2011 , Self-employment tax. Taxact for 2011 , Self-employment tax. Taxact for 2011 1040INFO, Form 1040INFO. Taxact for 2011 1040NR, Nonresident alien. Taxact for 2011 , Nonresident alien. Taxact for 2011 , Nonresident Alien (Other Than a Bona Fide Resident of the CNMI), Nonresident Alien (Other Than a Bona Fide Resident of Guam), Nonresident Alien (Other Than a Bona Fide Resident of the USVI) 1116, U. Taxact for 2011 S. Taxact for 2011 Government employees. Taxact for 2011 , Moving expense deduction. Taxact for 2011 , Foreign Tax Credit if Possession Income Is Excluded 3903, Moving expense deduction. Taxact for 2011 , Moving expense deduction. Taxact for 2011 , Moving expense deduction. Taxact for 2011 , Moving expense deduction. Taxact for 2011 , Moving expense deduction. Taxact for 2011 , Moving expense deduction. Taxact for 2011 4563, Form 4563. Taxact for 2011 4563, illustrated example, Illustrated Example of Form 4563, Line 15. Taxact for 2011 , 4868, Extension of time to file. Taxact for 2011 , Automatic 6-Month Extension 5074, Form 5074. Taxact for 2011 , Moving expense deduction. Taxact for 2011 , Form 5074. Taxact for 2011 , Moving expense deduction. Taxact for 2011 5074, illustrated example, Illustrated Example of Form 5074, Part III. Taxact for 2011 , 8689, Form 8689. Taxact for 2011 8689, illustrated example, Illustrated Example of Form 8689, Part IV. Taxact for 2011 , 8822, Reminders 8898, Reporting a Change in Bona Fide Residence, Penalty for Not Filing Form 8898 Schedule A (Form 1040), Itemized Deductions Schedule SE (Form 1040), Self-Employment Tax Free tax services, Free help with your tax return. Taxact for 2011 Fringe benefits, Certain fringe benefits sourced on a geographical basis. Taxact for 2011 G Government employees, U. Taxact for 2011 S. Taxact for 2011 (see specific possession) Grants, Scholarships, Fellowships, Grants, Prizes, and Awards Guam, Guam, Double Taxation Form 5074, Form 5074. Taxact for 2011 H Help (see Tax help) I Income Awards and prizes, Scholarships, Fellowships, Grants, Prizes, and Awards Effectively connected income, Effectively Connected Income Grants, Scholarships, Fellowships, Grants, Prizes, and Awards Investments, Investment Income, Royalties. Taxact for 2011 Labor or personal services, Compensation for Labor or Personal Services, Pensions. Taxact for 2011 Pensions, Pensions. Taxact for 2011 Sales or other dispositions of property, Sales or Other Dispositions of Property, Special Rules for Gains From Dispositions of Certain Property Scholarships and fellowships, Scholarships, Fellowships, Grants, Prizes, and Awards Services performed partly within a possession, Services performed partly inside and partly outside a relevant possession. Taxact for 2011 , Alternative basis. Taxact for 2011 Source of, Possession Source Income U. Taxact for 2011 S. Taxact for 2011 Armed Forces, U. Taxact for 2011 S. Taxact for 2011 Armed Forces. Taxact for 2011 U. Taxact for 2011 S. Taxact for 2011 income rule, U. Taxact for 2011 S. Taxact for 2011 income rule. Taxact for 2011 Income from American Samoa or Puerto Rico excluded. Taxact for 2011 , Income from American Samoa or Puerto Rico excluded. Taxact for 2011 Deductions if income from American Samoa or Puerto Rico excluded, Deductions if Possession Income Is Excluded Interest income, Interest income. Taxact for 2011 Inventory Sales or other dispositions of, Inventory. Taxact for 2011 Investment income, Investment Income, Royalties. Taxact for 2011 IRA deduction, Individual retirement arrangement (IRA) deduction. Taxact for 2011 Itemized deductions, Itemized Deductions M Medical treatment, qualifying, Qualifying Medical Treatment Moving expense deduction U. Taxact for 2011 S. Taxact for 2011 return, Moving expense deduction. Taxact for 2011 N Net Investment Income Tax, What's New, Useful Items - You may want to see:, Net Investment Income Tax. Taxact for 2011 , Net Investment Income Tax. Taxact for 2011 , Net Investment Income Tax Nonresident alien (see specific possession) Northern Mariana Islands (CNMI), The Commonwealth of the Northern Mariana Islands, Double Taxation P Paying your taxes, Paying Your Taxes Penalty Failure to report change in residency status, Penalty for Not Filing Form 8898 Pension income, Pensions. Taxact for 2011 Permanent home, Permanent home. Taxact for 2011 Personal exemptions, deduction for, Personal Exemptions Personal property Sales or other dispositions of, Personal property. Taxact for 2011 Personal service income, Compensation for Labor or Personal Services, Pensions. Taxact for 2011 Possession source income, Possession Source Income, Effectively Connected Income Awards and prizes, Scholarships, Fellowships, Grants, Prizes, and Awards Effectively connected income, Effectively Connected Income Grants, Scholarships, Fellowships, Grants, Prizes, and Awards Investment income, Investment Income, Royalties. Taxact for 2011 Labor or personal services, Compensation for Labor or Personal Services, Pensions. Taxact for 2011 Pensions, Pensions. Taxact for 2011 Sales or other dispositions of property, Sales or Other Dispositions of Property, Special Rules for Gains From Dispositions of Certain Property Scholarships and fellowships, Scholarships, Fellowships, Grants, Prizes, and Awards Services performed partly within a possession, Services performed partly inside and partly outside a relevant possession. Taxact for 2011 , Alternative basis. Taxact for 2011 U. Taxact for 2011 S. Taxact for 2011 Armed Forces, U. Taxact for 2011 S. Taxact for 2011 Armed Forces. Taxact for 2011 U. Taxact for 2011 S. Taxact for 2011 income rule, U. Taxact for 2011 S. Taxact for 2011 income rule. Taxact for 2011 Possessions, list of, Introduction Presence test, Presence Test, Charitable sports event, Charitable Sports Event Child, defined, Days of presence in a possession. Taxact for 2011 Nonresident aliens, Special rule for nonresident aliens. Taxact for 2011 Possession, days in, Days of presence in a possession. Taxact for 2011 Qualifying medical treatment, Qualifying Medical Treatment Significant connection, Significant Connection, Permanent home, Permanent home. Taxact for 2011 Student, Student U. Taxact for 2011 S. Taxact for 2011 , days in, Days of presence in the United States. Taxact for 2011 Prizes, Scholarships, Fellowships, Grants, Prizes, and Awards Publications (see Tax help) Puerto Rico, The Commonwealth of Puerto Rico, Double Taxation Additional child tax credit, Additional child tax credit. Taxact for 2011 Bona fide residence Year of move, Puerto Rico Q Qualifying medical treatment, Qualifying Medical Treatment R Real property Sales or other dispositions of, Real property. Taxact for 2011 Reminders Earned income credit (EIC). Taxact for 2011 , Reminders Electronic filing. Taxact for 2011 , Reminders Rental income, Rental income. Taxact for 2011 Resident alien (see specific possession) Royalty income, Royalties. Taxact for 2011 S Scholarships and fellowships, Scholarships, Fellowships, Grants, Prizes, and Awards Self-employment tax U. Taxact for 2011 S. Taxact for 2011 return, Self-Employment Tax Self-employment tax deduction, Self-employment tax deduction. Taxact for 2011 Services performed partly within a possession, Services performed partly inside and partly outside a relevant possession. Taxact for 2011 , Alternative basis. Taxact for 2011 Significant connection, Significant Connection, Source of income, Possession Source Income, Effectively Connected Income Awards and prizes, Scholarships, Fellowships, Grants, Prizes, and Awards Effectively connected income, Effectively Connected Income Grants, Scholarships, Fellowships, Grants, Prizes, and Awards Investment income, Investment Income, Royalties. Taxact for 2011 Labor or personal services, Compensation for Labor or Personal Services, Pensions. Taxact for 2011 Pensions, Pensions. Taxact for 2011 Sales or other dispositions of property, Sales or Other Dispositions of Property, Special Rules for Gains From Dispositions of Certain Property Scholarships and fellowships, Scholarships, Fellowships, Grants, Prizes, and Awards Services performed partly within a possession, Services performed partly inside and partly outside a relevant possession. Taxact for 2011 , Alternative basis. Taxact for 2011 U. Taxact for 2011 S. Taxact for 2011 Armed Forces, U. Taxact for 2011 S. Taxact for 2011 Armed Forces. Taxact for 2011 U. Taxact for 2011 S. Taxact for 2011 income rule, U. Taxact for 2011 S. Taxact for 2011 income rule. Taxact for 2011 Special rules for filing (see specific possession) Special rules for gains from dispositions of certain property, Special Rules for Gains From Dispositions of Certain Property Sports event, charitable, Charitable Sports Event Standard deduction, Standard Deduction Statement of Specified Foreign Financial Assets, Form 8938,, Reminders Student, Student T Tables U. Taxact for 2011 S. Taxact for 2011 filing requirements for most taxpayers (Table 4-1), U. Taxact for 2011 S. Taxact for 2011 source of income (Table 2-1), Table 2-1. Taxact for 2011 General Rules for Determining U. Taxact for 2011 S. Taxact for 2011 Source of Income Tax help, How To Get Tax Help Tax home, Tax Home, Year of Move Exceptions, Exceptions Government officials, Students and Government Officials Seafarers, Seafarers Students, Students and Government Officials Year of move, Year of Move, Special Rules in the Year of a Move, Puerto Rico Taxpayer Clinics, Low Income Taxpayer Clinics, Low Income Taxpayer Clinics (LITCs). Taxact for 2011 TTY/TDD information, How To Get Tax Help U U. Taxact for 2011 S. Taxact for 2011 Armed Forces Bona fide residence, Special rule for members of the U. Taxact for 2011 S. Taxact for 2011 Armed Forces. Taxact for 2011 Earned income credit, Earned income credit. Taxact for 2011 , U. Taxact for 2011 S. Taxact for 2011 Armed Forces. Taxact for 2011 Source of income, U. Taxact for 2011 S. Taxact for 2011 Armed Forces. Taxact for 2011 Spouse, Special rule for civilian spouse of active duty member of the U. Taxact for 2011 S. Taxact for 2011 Armed Forces. Taxact for 2011 , Civilian spouse of active duty member of the U. Taxact for 2011 S. Taxact for 2011 Armed Forces. Taxact for 2011 , Civilian spouse of active duty member of the U. Taxact for 2011 S. Taxact for 2011 Armed Forces. Taxact for 2011 , Civilian spouse of active duty member of the U. Taxact for 2011 S. Taxact for 2011 Armed Forces. Taxact for 2011 , Civilian spouse of active duty member of the U. Taxact for 2011 S. Taxact for 2011 Armed Forces. Taxact for 2011 , Civilian spouse of active duty member of the U. Taxact for 2011 S. Taxact for 2011 Armed Forces. Taxact for 2011 , Civilian spouse of active duty member of the U. Taxact for 2011 S. Taxact for 2011 Armed Forces. Taxact for 2011 U. Taxact for 2011 S. Taxact for 2011 Government employees (see specific possession) U. Taxact for 2011 S. Taxact for 2011 income rule, U. Taxact for 2011 S. Taxact for 2011 income rule. Taxact for 2011 U. Taxact for 2011 S. Taxact for 2011 return with excluded income, Deductions if Possession Income Is Excluded U. Taxact for 2011 S. Taxact for 2011 return, possession income excluded on, Special Rules for Completing Your U. Taxact for 2011 S. Taxact for 2011 Tax Return, Foreign Tax Credit if Possession Income Is Excluded Credits Earned income credit, Earned income credit. Taxact for 2011 Foreign tax credit, Foreign Tax Credit if Possession Income Is Excluded Deductions IRA contribution, Individual retirement arrangement (IRA) deduction. Taxact for 2011 Itemized deductions, Itemized Deductions Moving expenses, Moving expense deduction. Taxact for 2011 Personal exemptions, Personal Exemptions Self-employment tax, one-half of, Self-employment tax deduction. Taxact for 2011 Standard deduction, Standard Deduction U. Taxact for 2011 S. Taxact for 2011 taxation of possession income, to get information on, Introduction U. Taxact for 2011 S. Taxact for 2011 Virgin Islands (USVI), The U. Taxact for 2011 S. Taxact for 2011 Virgin Islands, Double Taxation Form 1040INFO, Form 1040INFO. Taxact for 2011 Form 4868, Extension of time to file. Taxact for 2011 Form 8689, Form 8689. Taxact for 2011 V Virgin Islands, U. Taxact for 2011 S. Taxact for 2011 , The U. Taxact for 2011 S. Taxact for 2011 Virgin Islands, Double Taxation W When to file U. Taxact for 2011 S. Taxact for 2011 return, When To File, Extension beyond 2 months. Taxact for 2011 Where To File U. Taxact for 2011 S. Taxact for 2011 return, Where To File Which return to file (see specific possession) Who must file U. Taxact for 2011 S. Taxact for 2011 return, Filing Requirement if Possession Income Is Excluded Prev  Up     Home   More Online Publications
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The Taxact For 2011

Taxact for 2011 4. Taxact for 2011   Retirement Savings Contributions Credit (Saver's Credit) Table of Contents What's New Introduction Full-time student. Taxact for 2011 Adjusted gross income. Taxact for 2011 Distributions received by spouse. Taxact for 2011 Testing period. Taxact for 2011 What's New Modified AGI limit for retirement savings contributions credit increased. Taxact for 2011  For 2013, you may be able to claim the retirement savings contributions credit if your modified AGI is not more than: $59,000 if your filing status is married filing jointly, $44,250 if your filing status is head of household, or $29,500 if your filing status is single, married filing separately, or qualifying widow(er). Taxact for 2011 Introduction You may be able to take a tax credit if you make eligible contributions (defined later) to a qualified retirement plan, an eligible deferred compensation plan, or an individual retirement arrangement (IRA). Taxact for 2011 You may be able to take a credit of up to $1,000 (up to $2,000 if filing jointly). Taxact for 2011 This credit could reduce the federal income tax you pay dollar for dollar. Taxact for 2011    Can you claim the credit?   If you make eligible contributions to a qualified retirement plan, an eligible deferred compensation plan, or an IRA, you can claim the credit if all of the following apply. Taxact for 2011 You were born before January 2, 1996. Taxact for 2011 You are not a full-time student (explained next). Taxact for 2011 No one else, such as your parent(s), claims an exemption for you on their tax return. Taxact for 2011 Your adjusted gross income (defined below) is not more than: $59,000 if your filing status is married filing jointly, $44,250 if your filing status is head of household, or $29,500 if your filing status is single, married filing separately, or qualifying widow(er). Taxact for 2011 Full-time student. Taxact for 2011   You are a full-time student if, during some part of each of 5 calendar months (not necessarily consecutive) during the calendar year, you are either: A full-time student at a school that has a regular teaching staff, course of study, and regularly enrolled body of students in attendance, or A student taking a full-time, on-farm training course given by either a school that has a regular teaching staff, course of study, and regularly enrolled body of students in attendance, or a state, county, or local government. Taxact for 2011 You are a full-time student if you are enrolled for the number of hours or courses the school considers to be full time. Taxact for 2011 Adjusted gross income. Taxact for 2011   This is generally the amount on line 38 of your 2013 Form 1040; line 22 of your 2013 Form 1040A; or line 37 of your 2013 Form 1040NR. Taxact for 2011 However, you must add to that amount any exclusion or deduction claimed for the year for: Foreign earned income, Foreign housing costs, Income for bona fide residents of American Samoa, and Income from Puerto Rico. Taxact for 2011 Eligible contributions. Taxact for 2011   These include: Contributions to a traditional or Roth IRA, Salary reduction contributions (elective deferrals, including amounts designated as after-tax Roth contributions) to: A 401(k) plan (including a SIMPLE 401(k)), A section 403(b) annuity, An eligible deferred compensation plan of a state or local government (a governmental 457 plan), A SIMPLE IRA plan, or A salary reduction SEP, and Contributions to a section 501(c)(18) plan. Taxact for 2011 They also include voluntary after-tax employee contributions to a tax-qualified retirement plan or section 403(b) annuity. Taxact for 2011 For purposes of the credit, an employee contribution will be voluntary as long as it is not required as a condition of employment. Taxact for 2011 Reducing eligible contributions. Taxact for 2011   Reduce your eligible contributions (but not below zero) by the total distributions you received during the testing period (defined later) from any IRA, plan, or annuity included above under Eligible contributions. Taxact for 2011 Also reduce your eligible contributions by any distribution from a Roth IRA that is not rolled over, even if the distribution is not taxable. Taxact for 2011   Do not reduce your eligible contributions by any of the following. Taxact for 2011 The portion of any distribution which is not includible in income because it is a trustee-to-trustee transfer or a rollover distribution. Taxact for 2011 Distributions that are taxable as the result of an in-plan rollover to your designated Roth account. Taxact for 2011 Any distribution that is a return of a contribution to an IRA (including a Roth IRA) made during the year for which you claim the credit if: The distribution is made before the due date (including extensions) of your tax return for that year, You do not take a deduction for the contribution, and The distribution includes any income attributable to the contribution. Taxact for 2011 Loans from a qualified employer plan treated as a distribution. Taxact for 2011 Distributions of excess contributions or deferrals (and income attributable to excess contributions and deferrals). Taxact for 2011 Distributions of dividends paid on stock held by an employee stock ownership plan under section 404(k). Taxact for 2011 Distributions from an eligible retirement plan that are converted or rolled over to a Roth IRA. Taxact for 2011 Distributions from a military retirement plan. Taxact for 2011 Distributions from an inherited IRA by a nonspousal beneficiary. Taxact for 2011 Distributions received by spouse. Taxact for 2011   Any distributions your spouse receives are treated as received by you if you file a joint return with your spouse both for the year of the distribution and for the year for which you claim the credit. Taxact for 2011 Testing period. Taxact for 2011   The testing period consists of the year for which you claim the credit, the period after the end of that year and before the due date (including extensions) for filing your return for that year, and the 2 tax years before that year. Taxact for 2011 Example. Taxact for 2011 You and your spouse filed joint returns in 2011 and 2012, and plan to do so in 2013 and 2014. Taxact for 2011 You received a taxable distribution from a qualified plan in 2011 and a taxable distribution from an eligible deferred compensation plan in 2012. Taxact for 2011 Your spouse received taxable distributions from a Roth IRA in 2013 and tax-free distributions from a Roth IRA in 2014 before April 15. Taxact for 2011 You made eligible contributions to an IRA in 2013 and you otherwise qualify for this credit. Taxact for 2011 You must reduce the amount of your qualifying contributions in 2013 by the total of the distributions you received in 2011, 2012, 2013, and 2014. Taxact for 2011 Maximum eligible contributions. Taxact for 2011   After your contributions are reduced, the maximum annual contribution on which you can base the credit is $2,000 per person. Taxact for 2011 Effect on other credits. Taxact for 2011   The amount of this credit will not change the amount of your refundable tax credits. Taxact for 2011 A refundable tax credit, such as the earned income credit or the refundable amount of your child tax credit, is an amount that you would receive as a refund even if you did not otherwise owe any taxes. Taxact for 2011 Maximum credit. Taxact for 2011   This is a nonrefundable credit. Taxact for 2011 The amount of the credit in any year cannot be more than the amount of tax that you would otherwise pay (not counting any refundable credits) in any year. Taxact for 2011 If your tax liability is reduced to zero because of other nonrefundable credits, such as the credit for child and dependent care expenses, then you will not be entitled to this credit. Taxact for 2011 How to figure and report the credit. Taxact for 2011   The amount of the credit you can get is based on the contributions you make and your credit rate. Taxact for 2011 Your credit rate can be as low as 10% or as high as 50%. Taxact for 2011 Your credit rate depends on your income and your filing status. Taxact for 2011 See Form 8880 to determine your credit rate. Taxact for 2011   The maximum contribution taken into account is $2,000 per person. Taxact for 2011 On a joint return, up to $2,000 is taken into account for each spouse. Taxact for 2011   Figure the credit on Form 8880. Taxact for 2011 Report the credit on line 50 of your Form 1040; line 32 of your Form 1040A; or line 47 of your Form 1040NR and attach Form 8880 to your return. Taxact for 2011 Prev  Up  Next   Home   More Online Publications