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Us Tax Forms 2012

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Us Tax Forms 2012

Us tax forms 2012 11. Us tax forms 2012   How To Get Tax Help Table of Contents Whether it's help with a tax issue, preparing your tax return or a need for a free publication or form, get the help you need the way you want it: online, use a smart phone, call or walk in to an IRS office or volunteer site near you. Us tax forms 2012 Free help with your tax return. Us tax forms 2012   You can get free help preparing your return nationwide from IRS-certified volunteers. Us tax forms 2012 The Volunteer Income Tax Assistance (VITA) program helps low-to-moderate income, elderly, people with disabilities, and limited English proficient taxpayers. Us tax forms 2012 The Tax Counseling for the Elderly (TCE) program helps taxpayers age 60 and older with their tax returns. Us tax forms 2012 Most VITA and TCE sites offer free electronic filing and all volunteers will let you know about credits and deductions you may be entitled to claim. Us tax forms 2012 In addition, some VITA and TCE sites provide taxpayers the opportunity to prepare their own return with help from an IRS-certified volunteer. Us tax forms 2012 To find the nearest VITA or TCE site, you can use the VITA Locator Tool on IRS. Us tax forms 2012 gov, download the IRS2Go app, or call 1-800-906-9887. Us tax forms 2012   As part of the TCE program, AARP offers the Tax-Aide counseling program. Us tax forms 2012 To find the nearest AARP Tax-Aide site, visit AARP's website at www. Us tax forms 2012 aarp. Us tax forms 2012 org/money/taxaide or call 1-888-227-7669. Us tax forms 2012 For more information on these programs, go to IRS. Us tax forms 2012 gov and enter “VITA” in the search box. Us tax forms 2012 Internet. Us tax forms 2012    IRS. Us tax forms 2012 gov and IRS2Go are ready when you are —24 hours a day, 7 days a week. Us tax forms 2012 Download the free IRS2Go app from the iTunes app store or from Google Play. Us tax forms 2012 Use it to check your refund status, order transcripts of your tax returns or tax account, watch the IRS YouTube channel, get IRS news as soon as it's released to the public, subscribe to filing season updates or daily tax tips, and follow the IRS Twitter news feed, @IRSnews, to get the latest federal tax news, including information about tax law changes and important IRS programs. Us tax forms 2012 Check the status of your 2013 refund with the Where's My Refund? application on IRS. Us tax forms 2012 gov or download the IRS2Go app and select the Refund Status option. Us tax forms 2012 The IRS issues more than 9 out of 10 refunds in less than 21 days. Us tax forms 2012 Using these applications, you can start checking on the status of your return within 24 hours after we receive your e-filed return or 4 weeks after you mail a paper return. Us tax forms 2012 You will also be given a personalized refund date as soon as the IRS processes your tax return and approves your refund. Us tax forms 2012 The IRS updates Where's My Refund? every 24 hours, usually overnight, so you only need to check once a day. Us tax forms 2012 Use the Interactive Tax Assistant (ITA) to research your tax questions. Us tax forms 2012 No need to wait on the phone or stand in line. Us tax forms 2012 The ITA is available 24 hours a day, 7 days a week, and provides you with a variety of tax information related to general filing topics, deductions, credits, and income. Us tax forms 2012 When you reach the response screen, you can print the entire interview and the final response for your records. Us tax forms 2012 New subject areas are added on a regular basis. Us tax forms 2012  Answers not provided through ITA may be found in Tax Trails, one of the Tax Topics on IRS. Us tax forms 2012 gov which contain general individual and business tax information or by searching the IRS Tax Map, which includes an international subject index. Us tax forms 2012 You can use the IRS Tax Map, to search publications and instructions by topic or keyword. Us tax forms 2012 The IRS Tax Map integrates forms and publications into one research tool and provides single-point access to tax law information by subject. Us tax forms 2012 When the user searches the IRS Tax Map, they will be provided with links to related content in existing IRS publications, forms and instructions, questions and answers, and Tax Topics. Us tax forms 2012 Coming this filing season, you can immediately view and print for free all 5 types of individual federal tax transcripts (tax returns, tax account, record of account, wage and income statement, and certification of non-filing) using Get Transcript. Us tax forms 2012 You can also ask the IRS to mail a return or an account transcript to you. Us tax forms 2012 Only the mail option is available by choosing the Tax Records option on the IRS2Go app by selecting Mail Transcript on IRS. Us tax forms 2012 gov or by calling 1-800-908-9946. Us tax forms 2012 Tax return and tax account transcripts are generally available for the current year and the past three years. Us tax forms 2012 Determine if you are eligible for the EITC and estimate the amount of the credit with the Earned Income Tax Credit (EITC) Assistant. Us tax forms 2012 Visit Understanding Your IRS Notice or Letter to get answers to questions about a notice or letter you received from the IRS. Us tax forms 2012 If you received the First Time Homebuyer Credit, you can use the First Time Homebuyer Credit Account Look-up tool for information on your repayments and account balance. Us tax forms 2012 Check the status of your amended return using Where's My Amended Return? Go to IRS. Us tax forms 2012 gov and enter Where's My Amended Return? in the search box. Us tax forms 2012 You can generally expect your amended return to be processed up to 12 weeks from the date we receive it. Us tax forms 2012 It can take up to 3 weeks from the date you mailed it to show up in our system. Us tax forms 2012 Make a payment using one of several safe and convenient electronic payment options available on IRS. Us tax forms 2012 gov. Us tax forms 2012 Select the Payment tab on the front page of IRS. Us tax forms 2012 gov for more information. Us tax forms 2012 Determine if you are eligible and apply for an online payment agreement, if you owe more tax than you can pay today. Us tax forms 2012 Figure your income tax withholding with the IRS Withholding Calculator on IRS. Us tax forms 2012 gov. Us tax forms 2012 Use it if you've had too much or too little withheld, your personal situation has changed, you're starting a new job or you just want to see if you're having the right amount withheld. Us tax forms 2012 Determine if you might be subject to the Alternative Minimum Tax by using the Alternative Minimum Tax Assistant on IRS. Us tax forms 2012 gov. Us tax forms 2012 Request an Electronic Filing PIN by going to IRS. Us tax forms 2012 gov and entering Electronic Filing PIN in the search box. Us tax forms 2012 Download forms, instructions and publications, including accessible versions for people with disabilities. Us tax forms 2012 Locate the nearest Taxpayer Assistance Center (TAC) using the Office Locator tool on IRS. Us tax forms 2012 gov, or choose the Contact Us option on the IRS2Go app and search Local Offices. Us tax forms 2012 An employee can answer questions about your tax account or help you set up a payment plan. Us tax forms 2012 Before you visit, check the Office Locator on IRS. Us tax forms 2012 gov, or Local Offices under Contact Us on IRS2Go to confirm the address, phone number, days and hours of operation, and the services provided. Us tax forms 2012 If you have a special need, such as a disability, you can request an appointment. Us tax forms 2012 Call the local number listed in the Office Locator, or look in the phone book under United States Government, Internal Revenue Service. Us tax forms 2012 Apply for an Employer Identification Number (EIN). Us tax forms 2012 Go to IRS. Us tax forms 2012 gov and enter Apply for an EIN in the search box. Us tax forms 2012 Read the Internal Revenue Code, regulations, or other official guidance. Us tax forms 2012 Read Internal Revenue Bulletins. Us tax forms 2012 Sign up to receive local and national tax news and more by email. Us tax forms 2012 Just click on “subscriptions” above the search box on IRS. Us tax forms 2012 gov and choose from a variety of options. Us tax forms 2012 Phone. Us tax forms 2012    You can call the IRS, or you can carry it in your pocket with the IRS2Go app on your smart phone or tablet. Us tax forms 2012 Download the free IRS2Go app from the iTunes app store or from Google Play. Us tax forms 2012 Call to locate the nearest volunteer help site, 1-800-906-9887 or you can use the VITA Locator Tool on IRS. Us tax forms 2012 gov, or download the IRS2Go app. Us tax forms 2012 Low-to-moderate income, elderly, people with disabilities, and limited English proficient taxpayers can get free help with their tax return from the nationwide Volunteer Income Tax Assistance (VITA) program. Us tax forms 2012 The Tax Counseling for the Elderly (TCE) program helps taxpayers age 60 and older with their tax returns. Us tax forms 2012 Most VITA and TCE sites offer free electronic filing. Us tax forms 2012 Some VITA and TCE sites provide IRS-certified volunteers who can help prepare your tax return. Us tax forms 2012 Through the TCE program, AARP offers the Tax-Aide counseling program; call 1-888-227-7669 to find the nearest Tax-Aide location. Us tax forms 2012 Call the automated Where's My Refund? information hotline to check the status of your 2013 refund 24 hours a day, 7 days a week at 1-800-829-1954. Us tax forms 2012 If you e-file, you can start checking on the status of your return within 24 hours after the IRS receives your tax return or 4 weeks after you've mailed a paper return. Us tax forms 2012 The IRS issues more than 9 out of 10 refunds in less than 21 days. Us tax forms 2012 Where's My Refund? will give you a personalized refund date as soon as the IRS processes your tax return and approves your refund. Us tax forms 2012 Before you call this automated hotline, have your 2013 tax return handy so you can enter your social security number, your filing status, and the exact whole dollar amount of your refund. Us tax forms 2012 The IRS updates Where's My Refund? every 24 hours, usually overnight, so you only need to check once a day. Us tax forms 2012 Note, the above information is for our automated hotline. Us tax forms 2012 Our live phone and walk-in assistors can research the status of your refund only if it's been 21 days or more since you filed electronically or more than 6 weeks since you mailed your paper return. Us tax forms 2012 Call the Amended Return Hotline, 1-866-464-2050, to check the status of your amended return. Us tax forms 2012 You can generally expect your amended return to be processed up to 12 weeks from the date we receive it. Us tax forms 2012 It can take up to 3 weeks from the date you mailed it to show up in our system. Us tax forms 2012 Call 1-800-TAX-FORM (1-800-829-3676) to order current-year forms, instructions, publications, and prior-year forms and instructions (limited to 5 years). Us tax forms 2012 You should receive your order within 10 business days. Us tax forms 2012 Call TeleTax, 1-800-829-4477, to listen to pre-recorded messages covering general and business tax information. Us tax forms 2012 If, between January and April 15, you still have questions about the Form 1040, 1040A, or 1040EZ (like filing requirements, dependents, credits, Schedule D, pensions and IRAs or self-employment taxes), call 1-800-829-1040. Us tax forms 2012 Call using TTY/TDD equipment, 1-800-829-4059 to ask tax questions or order forms and publications. Us tax forms 2012 The TTY/TDD telephone number is for people who are deaf, hard of hearing, or have a speech disability. Us tax forms 2012 These individuals can also contact the IRS through relay services such as the Federal Relay Service. Us tax forms 2012 Walk-in. Us tax forms 2012   You can find a selection of forms, publications and services — in-person. Us tax forms 2012 Products. Us tax forms 2012 You can walk in to some post offices, libraries, and IRS offices to pick up certain forms, instructions, and publications. Us tax forms 2012 Some IRS offices, libraries, and city and county government offices have a collection of products available to photocopy from reproducible proofs. Us tax forms 2012 Services. Us tax forms 2012 You can walk in to your local TAC for face-to-face tax help. Us tax forms 2012 An employee can answer questions about your tax account or help you set up a payment plan. Us tax forms 2012 Before visiting, use the Office Locator tool on IRS. Us tax forms 2012 gov, or choose the Contact Us option on the IRS2Go app and search Local Offices for days and hours of operation, and services provided. Us tax forms 2012 Mail. Us tax forms 2012   You can send your order for forms, instructions, and publications to the address below. Us tax forms 2012 You should receive a response within 10 business days after your request is received. Us tax forms 2012 Internal Revenue Service 1201 N. Us tax forms 2012 Mitsubishi Motorway Bloomington, IL 61705-6613    The Taxpayer Advocate Service Is Here to Help You. Us tax forms 2012 The Taxpayer Advocate Service (TAS) is your voice at the IRS. Us tax forms 2012 Our job is to ensure that every taxpayer is treated fairly and that you know and understand your rights. Us tax forms 2012   What can TAS do for you? We can offer you free help with IRS problems that you can't resolve on your own. Us tax forms 2012 We know this process can be confusing, but the worst thing you can do is nothing at all! TAS can help if you can't resolve your tax problem and: Your problem is causing financial difficulties for you, your family, or your business. Us tax forms 2012 You face (or your business is facing) an immediate threat of adverse action. Us tax forms 2012 You've tried repeatedly to contact the IRS but no one has responded, or the IRS hasn't responded by the date promised. Us tax forms 2012   If you qualify for our help, you'll be assigned to one advocate who'll be with you at every turn and will do everything possible to resolve your problem. Us tax forms 2012 Here's why we can help: TAS is an independent organization within the IRS. Us tax forms 2012 Our advocates know how to work with the IRS. Us tax forms 2012 Our services are free and tailored to meet your needs. Us tax forms 2012 We have offices in every state, the District of Columbia, and Puerto Rico. Us tax forms 2012   How can you reach us? If you think TAS can help you, call your local advocate, whose number is in your local directory and at Taxpayer Advocate, or call us toll-free at 1-877-777-4778. Us tax forms 2012   How else does TAS help taxpayers?  TAS also works to resolve large-scale, systemic problems that affect many taxpayers. Us tax forms 2012 If you know of one of these broad issues, please report it to us through our Systemic Advocacy Management System. Us tax forms 2012 Low Income Taxpayer Clinics. Us tax forms 2012   Low Income Taxpayer Clinics (LITCs) serve individuals whose income is below a certain level and need to resolve tax problems such as audits, appeals and tax collection disputes. Us tax forms 2012 Some clinics can provide information about taxpayer rights and responsibilities in different languages for individuals who speak English as a second language. Us tax forms 2012 Visit Taxpayer Advocate or see IRS Publication 4134, Low Income Taxpayer Clinic List. Us tax forms 2012 Prev  Up  Next   Home   More Online Publications
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Us tax forms 2012 22. Us tax forms 2012   Taxes Table of Contents IntroductionIndian tribal government. Us tax forms 2012 Useful Items - You may want to see: Tests To Deduct Any Tax Income TaxesState and Local Income Taxes Foreign Income Taxes General Sales TaxesMotor vehicles. Us tax forms 2012 Real Estate TaxesReal estate taxes for prior years. Us tax forms 2012 Examples. Us tax forms 2012 Form 1099-S. Us tax forms 2012 Real Estate-Related Items You Cannot Deduct Personal Property Taxes Taxes and Fees You Cannot Deduct Where To Deduct Introduction This chapter discusses which taxes you can deduct if you itemize deductions on Schedule A (Form 1040). Us tax forms 2012 It also explains which taxes you can deduct on other schedules or forms and which taxes you cannot deduct. Us tax forms 2012 This chapter covers the following topics. Us tax forms 2012 Income taxes (federal, state, local, and foreign). Us tax forms 2012 General sales taxes (state and local). Us tax forms 2012 Real estate taxes (state, local, and foreign). Us tax forms 2012 Personal property taxes (state and local). Us tax forms 2012 Taxes and fees you cannot deduct. Us tax forms 2012 Use Table 22-1 as a guide to determine which taxes you can deduct. Us tax forms 2012 The end of the chapter contains a section that explains which forms you use to deduct different types of taxes. Us tax forms 2012 Business taxes. Us tax forms 2012   You can deduct certain taxes only if they are ordinary and necessary expenses of your trade or business or of producing income. Us tax forms 2012 For information on these taxes, see Publication 535, Business Expenses. Us tax forms 2012 State or local taxes. Us tax forms 2012   These are taxes imposed by the 50 states, U. Us tax forms 2012 S. Us tax forms 2012 possessions, or any of their political subdivisions (such as a county or city), or by the District of Columbia. Us tax forms 2012 Indian tribal government. Us tax forms 2012   An Indian tribal government recognized by the Secretary of the Treasury as performing substantial government functions will be treated as a state for purposes of claiming a deduction for taxes. Us tax forms 2012 Income taxes, real estate taxes, and personal property taxes imposed by that Indian tribal government (or by any of its subdivisions that are treated as political subdivisions of a state) are deductible. Us tax forms 2012 General sales taxes. Us tax forms 2012   These are taxes imposed at one rate on retail sales of a broad range of classes of items. Us tax forms 2012 Foreign taxes. Us tax forms 2012   These are taxes imposed by a foreign country or any of its political subdivisions. Us tax forms 2012 Useful Items - You may want to see: Publication 514 Foreign Tax Credit for Individuals 530 Tax Information for Homeowners Form (and Instructions) Schedule A (Form 1040) Itemized Deductions Schedule E (Form 1040) Supplemental Income and Loss 1116 Foreign Tax Credit Tests To Deduct Any Tax The following two tests must be met for you to deduct any tax. Us tax forms 2012 The tax must be imposed on you. Us tax forms 2012 You must pay the tax during your tax year. Us tax forms 2012 The tax must be imposed on you. Us tax forms 2012   In general, you can deduct only taxes imposed on you. Us tax forms 2012   Generally, you can deduct property taxes only if you are an owner of the property. Us tax forms 2012 If your spouse owns the property and pays the real estate taxes, the taxes are deductible on your spouse's separate return or on your joint return. Us tax forms 2012 You must pay the tax during your tax year. Us tax forms 2012   If you are a cash basis taxpayer, you can deduct only those taxes you actually paid during your tax year. Us tax forms 2012 If you pay your taxes by check, the day you mail or deliver the check is the date of payment, provided the check is honored by the financial institution. Us tax forms 2012 If you use a pay-by-phone account (such as a credit card or electronic funds withdrawal), the date reported on the statement of the financial institution showing when payment was made is the date of payment. Us tax forms 2012 If you contest a tax liability and are a cash basis taxpayer, you can deduct the tax only in the year you actually pay it (or transfer money or other property to provide for satisfaction of the contested liability). Us tax forms 2012 See Publication 538, Accounting Periods and Methods, for details. Us tax forms 2012    If you use an accrual method of accounting, see Publication 538 for more information. Us tax forms 2012 Income Taxes This section discusses the deductibility of state and local income taxes (including employee contributions to state benefit funds) and foreign income taxes. Us tax forms 2012 State and Local Income Taxes You can deduct state and local income taxes. Us tax forms 2012 However, you can elect to deduct state and local general sales taxes instead of state and local income taxes. Us tax forms 2012 See General Sales Taxes , later. Us tax forms 2012 Exception. Us tax forms 2012    You cannot deduct state and local income taxes you pay on income that is exempt from federal income tax, unless the exempt income is interest income. Us tax forms 2012 For example, you cannot deduct the part of a state's income tax that is on a cost-of-living allowance exempt from federal income tax. Us tax forms 2012 What To Deduct Your deduction may be for withheld taxes, estimated tax payments, or other tax payments as follows. Us tax forms 2012 Withheld taxes. Us tax forms 2012   You can deduct state and local income taxes withheld from your salary in the year they are withheld. Us tax forms 2012 Your Form(s) W-2 will show these amounts. Us tax forms 2012 Forms W-2G, 1099-G, 1099-R, and 1099-MISC may also show state and local income taxes withheld. Us tax forms 2012 Estimated tax payments. Us tax forms 2012   You can deduct estimated tax payments you made during the year to a state or local government. Us tax forms 2012 However, you must have a reasonable basis for making the estimated tax payments. Us tax forms 2012 Any estimated state or local tax payments that are not made in good faith at the time of payment are not deductible. Us tax forms 2012 For example, you made an estimated state income tax payment. Us tax forms 2012 However, the estimate of your state tax liability shows that you will get a refund of the full amount of your estimated payment. Us tax forms 2012 You had no reasonable basis to believe you had any additional liability for state income taxes and you cannot deduct the estimated tax payment. Us tax forms 2012 Refund applied to taxes. Us tax forms 2012   You can deduct any part of a refund of prior-year state or local income taxes that you chose to have credited to your 2013 estimated state or local income taxes. Us tax forms 2012    Do not reduce your deduction by either of the following items. Us tax forms 2012 Any state or local income tax refund (or credit) you expect to receive for 2013. Us tax forms 2012 Any refund of (or credit for) prior-year state and local income taxes you actually received in 2013. Us tax forms 2012   However, part or all of this refund (or credit) may be taxable. Us tax forms 2012 See Refund (or credit) of state or local income taxes , later. Us tax forms 2012 Separate federal returns. Us tax forms 2012   If you and your spouse file separate state, local, and federal income tax returns, you each can deduct on your federal return only the amount of your own state and local income tax that you paid during the tax year. Us tax forms 2012 Joint state and local returns. Us tax forms 2012   If you and your spouse file joint state and local returns and separate federal returns, each of you can deduct on your separate federal return a part of the total state and local income taxes paid during the tax year. Us tax forms 2012 You can deduct only the amount of the total taxes that is proportionate to your gross income compared to the combined gross income of you and your spouse. Us tax forms 2012 However, you cannot deduct more than the amount you actually paid during the year. Us tax forms 2012 You can avoid this calculation if you and your spouse are jointly and individually liable for the full amount of the state and local income taxes. Us tax forms 2012 If so, you and your spouse can deduct on your separate federal returns the amount you each actually paid. Us tax forms 2012 Joint federal return. Us tax forms 2012   If you file a joint federal return, you can deduct the total of the state and local income taxes both of you paid. Us tax forms 2012 Contributions to state benefit funds. Us tax forms 2012    As an employee, you can deduct mandatory contributions to state benefit funds withheld from your wages that provide protection against loss of wages. Us tax forms 2012 For example, certain states require employees to make contributions to state funds providing disability or unemployment insurance benefits. Us tax forms 2012 Mandatory payments made to the following state benefit funds are deductible as state income taxes on Schedule A (Form 1040), line 5. Us tax forms 2012 Alaska Unemployment Compensation Fund. Us tax forms 2012 California Nonoccupational Disability Benefit Fund. Us tax forms 2012 New Jersey Nonoccupational Disability Benefit Fund. Us tax forms 2012 New Jersey Unemployment Compensation Fund. Us tax forms 2012 New York Nonoccupational Disability Benefit Fund. Us tax forms 2012 Pennsylvania Unemployment Compensation Fund. Us tax forms 2012 Rhode Island Temporary Disability Benefit Fund. Us tax forms 2012 Washington State Supplemental Workmen's Compensation Fund. Us tax forms 2012    Employee contributions to private or voluntary disability plans are not deductible. Us tax forms 2012 Refund (or credit) of state or local income taxes. Us tax forms 2012   If you receive a refund of (or credit for) state or local income taxes in a year after the year in which you paid them, you may have to include the refund in income on Form 1040, line 10, in the year you receive it. Us tax forms 2012 This includes refunds resulting from taxes that were overwithheld, applied from a prior year return, not figured correctly, or figured again because of an amended return. Us tax forms 2012 If you did not itemize your deductions in the previous year, do not include the refund in income. Us tax forms 2012 If you deducted the taxes in the previous year, include all or part of the refund on Form 1040, line 10, in the year you receive the refund. Us tax forms 2012 For a discussion of how much to include, see Recoveries in chapter 12. Us tax forms 2012 Foreign Income Taxes Generally, you can take either a deduction or a credit for income taxes imposed on you by a foreign country or a U. Us tax forms 2012 S. Us tax forms 2012 possession. Us tax forms 2012 However, you cannot take a deduction or credit for foreign income taxes paid on income that is exempt from U. Us tax forms 2012 S. Us tax forms 2012 tax under the foreign earned income exclusion or the foreign housing exclusion. Us tax forms 2012 For information on these exclusions, see Publication 54, Tax Guide for U. Us tax forms 2012 S. Us tax forms 2012 Citizens and Resident Aliens Abroad. Us tax forms 2012 For information on the foreign tax credit, see Publication 514. Us tax forms 2012 General Sales Taxes You can elect to deduct state and local general sales taxes, instead of state and local income taxes, as an itemized deduction on Schedule A (Form 1040), line 5b. Us tax forms 2012 You can use either your actual expenses or the state and local sales tax tables to figure your sales tax deduction. Us tax forms 2012 Actual expenses. Us tax forms 2012   Generally, you can deduct the actual state and local general sales taxes (including compensating use taxes) if the tax rate was the same as the general sales tax rate. Us tax forms 2012 However, sales taxes on food, clothing, medical supplies, and motor vehicles are deductible as a general sales tax even if the tax rate was less than the general sales tax rate. Us tax forms 2012 If you paid sales tax on a motor vehicle at a rate higher than the general sales tax rate, you can deduct only the amount of tax that you would have paid at the general sales tax rate on that vehicle. Us tax forms 2012 If you use the actual expenses method, you must have receipts to show the general sales taxes paid. Us tax forms 2012 Do not include sales taxes paid on items used in your trade or business. Us tax forms 2012 Motor vehicles. Us tax forms 2012   For purposes of this section, motor vehicles include cars, motorcycles, motor homes, recreational vehicles, sport utility vehicles, trucks, vans, and off-road vehicles. Us tax forms 2012 This also includes sales taxes on a leased motor vehicle, but not on vehicles used in your trade or business. Us tax forms 2012 Optional sales tax tables. Us tax forms 2012   Instead of using your actual expenses, you can figure your state and local general sales tax deduction using the state and local sales tax tables in the Instructions for Schedule A (Form 1040). Us tax forms 2012 You may also be able to add the state and local general sales taxes paid on certain specified items. Us tax forms 2012   Your applicable table amount is based on the state where you live, your income, and the number of exemptions claimed on your tax return. Us tax forms 2012 Your income is your adjusted gross income plus any nontaxable items such as the following. Us tax forms 2012 Tax-exempt interest. Us tax forms 2012 Veterans' benefits. Us tax forms 2012 Nontaxable combat pay. Us tax forms 2012 Workers' compensation. Us tax forms 2012 Nontaxable part of social security and railroad retirement benefits. Us tax forms 2012 Nontaxable part of IRA, pension, or annuity distributions, excluding rollovers. Us tax forms 2012 Public assistance payments. Us tax forms 2012 If you lived in different states during the same tax year, you must prorate your applicable table amount for each state based on the days you lived in each state. Us tax forms 2012 See the Instructions for Schedule A (Form 1040), line 5, for details. Us tax forms 2012 Real Estate Taxes Deductible real estate taxes are any state, local, or foreign taxes on real property levied for the general public welfare. Us tax forms 2012 You can deduct these taxes only if they are based on the assessed value of the real property and charged uniformly against all property under the jurisdiction of the taxing authority. Us tax forms 2012 Deductible real estate taxes generally do not include taxes charged for local benefits and improvements that increase the value of the property. Us tax forms 2012 They also do not include itemized charges for services (such as trash collection) assessed against specific property or certain people, even if the charge is paid to the taxing authority. Us tax forms 2012 For more information about taxes and charges that are not deductible, see Real Estate-Related Items You Cannot Deduct , later. Us tax forms 2012 Tenant-shareholders in a cooperative housing corporation. Us tax forms 2012   Generally, if you are a tenant-stockholder in a cooperative housing corporation, you can deduct the amount paid to the corporation that represents your share of the real estate taxes the corporation paid or incurred for your dwelling unit. Us tax forms 2012 The corporation should provide you with a statement showing your share of the taxes. Us tax forms 2012 For more information, see Special Rules for Cooperatives in Publication 530. Us tax forms 2012 Division of real estate taxes between buyers and sellers. Us tax forms 2012   If you bought or sold real estate during the year, the real estate taxes must be divided between the buyer and the seller. Us tax forms 2012   The buyer and the seller must divide the real estate taxes according to the number of days in the real property tax year (the period to which the tax is imposed relates) that each owned the property. Us tax forms 2012 The seller is treated as paying the taxes up to, but not including, the date of sale. Us tax forms 2012 The buyer is treated as paying the taxes beginning with the date of sale. Us tax forms 2012 This applies regardless of the lien dates under local law. Us tax forms 2012 Generally, this information is included on the settlement statement provided at the closing. Us tax forms 2012    If you (the seller) cannot deduct taxes until they are paid because you use the cash method of accounting, and the buyer of your property is personally liable for the tax, you are considered to have paid your part of the tax at the time of the sale. Us tax forms 2012 This lets you deduct the part of the tax to the date of sale even though you did not actually pay it. Us tax forms 2012 However, you must also include the amount of that tax in the selling price of the property. Us tax forms 2012 The buyer must include the same amount in his or her cost of the property. Us tax forms 2012   You figure your deduction for taxes on each property bought or sold during the real property tax year as follows. Us tax forms 2012 Worksheet 22-1. Us tax forms 2012 Figuring Your Real Estate Tax Deduction 1. Us tax forms 2012 Enter the total real estate taxes for the real property tax year   2. Us tax forms 2012 Enter the number of days in the real property tax year that you owned the property   3. Us tax forms 2012 Divide line 2 by 365 (for leap years, divide line 2 by 366) . Us tax forms 2012 4. Us tax forms 2012 Multiply line 1 by line 3. Us tax forms 2012 This is your deduction. Us tax forms 2012 Enter it on Schedule A (Form 1040), line 6   Note. Us tax forms 2012 Repeat steps 1 through 4 for each property you bought or sold during the real property tax year. Us tax forms 2012 Your total deduction is the sum of the line 4 amounts for all of the properties. Us tax forms 2012 Real estate taxes for prior years. Us tax forms 2012   Do not divide delinquent taxes between the buyer and seller if the taxes are for any real property tax year before the one in which the property is sold. Us tax forms 2012 Even if the buyer agrees to pay the delinquent taxes, the buyer cannot deduct them. Us tax forms 2012 The buyer must add them to the cost of the property. Us tax forms 2012 The seller can deduct these taxes paid by the buyer. Us tax forms 2012 However, the seller must include them in the selling price. Us tax forms 2012 Examples. Us tax forms 2012   The following examples illustrate how real estate taxes are divided between buyer and seller. Us tax forms 2012 Example 1. Us tax forms 2012 Dennis and Beth White's real property tax year for both their old home and their new home is the calendar year, with payment due August 1. Us tax forms 2012 The tax on their old home, sold on May 7, was $620. Us tax forms 2012 The tax on their new home, bought on May 3, was $732. Us tax forms 2012 Dennis and Beth are considered to have paid a proportionate share of the real estate taxes on the old home even though they did not actually pay them to the taxing authority. Us tax forms 2012 On the other hand, they can claim only a proportionate share of the taxes they paid on their new property even though they paid the entire amount. Us tax forms 2012 Dennis and Beth owned their old home during the real property tax year for 126 days (January 1 to May 6, the day before the sale). Us tax forms 2012 They figure their deduction for taxes on their old home as follows. Us tax forms 2012 Worksheet 22-1. Us tax forms 2012 Figuring Your Real Estate Tax Deduction — Taxes on Old Home 1. Us tax forms 2012 Enter the total real estate taxes for the real property tax year $620 2. Us tax forms 2012 Enter the number of days in the real property tax year that you owned the property 126 3. Us tax forms 2012 Divide line 2 by 365 (for leap years, divide line 2 by 366) . Us tax forms 2012 3452 4. Us tax forms 2012 Multiply line 1 by line 3. Us tax forms 2012 This is your deduction. Us tax forms 2012 Enter it on Schedule A (Form 1040), line 6 $214 Since the buyers of their old home paid all of the taxes, Dennis and Beth also include the $214 in the selling price of the old home. Us tax forms 2012 (The buyers add the $214 to their cost of the home. Us tax forms 2012 ) Dennis and Beth owned their new home during the real property tax year for 243 days (May 3 to December 31, including their date of purchase). Us tax forms 2012 They figure their deduction for taxes on their new home as follows. Us tax forms 2012 Worksheet 22-1. Us tax forms 2012 Figuring Your Real Estate Tax Deduction — Taxes on New Home 1. Us tax forms 2012 Enter the total real estate taxes for the real property tax year $732 2. Us tax forms 2012 Enter the number of days in the real property tax year that you owned the property 243 3. Us tax forms 2012 Divide line 2 by 365 (for leap years, divide line 2 by 366) . Us tax forms 2012 6658 4. Us tax forms 2012 Multiply line 1 by line 3. Us tax forms 2012 This is your deduction. Us tax forms 2012 Enter it on Schedule A (Form 1040), line 6 $487 Since Dennis and Beth paid all of the taxes on the new home, they add $245 ($732 paid less $487 deduction) to their cost of the new home. Us tax forms 2012 (The sellers add this $245 to their selling price and deduct the $245 as a real estate tax. Us tax forms 2012 ) Dennis and Beth's real estate tax deduction for their old and new homes is the sum of $214 and $487, or $701. Us tax forms 2012 They will enter this amount on Schedule A (Form 1040), line 6. Us tax forms 2012 Example 2. Us tax forms 2012 George and Helen Brown bought a new home on May 3, 2013. Us tax forms 2012 Their real property tax year for the new home is the calendar year. Us tax forms 2012 Real estate taxes for 2012 were assessed in their state on January 1, 2013. Us tax forms 2012 The taxes became due on May 31, 2013, and October 31, 2013. Us tax forms 2012 The Browns agreed to pay all taxes due after the date of purchase. Us tax forms 2012 Real estate taxes for 2012 were $680. Us tax forms 2012 They paid $340 on May 31, 2013, and $340 on October 31, 2013. Us tax forms 2012 These taxes were for the 2012 real property tax year. Us tax forms 2012 The Browns cannot deduct them since they did not own the property until 2013. Us tax forms 2012 Instead, they must add $680 to the cost of their new home. Us tax forms 2012 In January 2014, the Browns receive their 2013 property tax statement for $752, which they will pay in 2014. Us tax forms 2012 The Browns owned their new home during the 2013 real property tax year for 243 days (May 3 to December 31). Us tax forms 2012 They will figure their 2014 deduction for taxes as follows. Us tax forms 2012 Worksheet 22-1. Us tax forms 2012 Figuring Your Real Estate Tax Deduction — Taxes on New Home 1. Us tax forms 2012 Enter the total real estate taxes for the real property tax year $752 2. Us tax forms 2012 Enter the number of days in the real property tax year that you owned the property 243 3. Us tax forms 2012 Divide line 2 by 365 (for leap years, divide line 2 by 366) . Us tax forms 2012 6658 4. Us tax forms 2012 Multiply line 1 by line 3. Us tax forms 2012 This is your deduction. Us tax forms 2012 Claim it on Schedule A (Form 1040), line 6 $501 The remaining $251 ($752 paid less $501 deduction) of taxes paid in 2014, along with the $680 paid in 2013, is added to the cost of their new home. Us tax forms 2012 Because the taxes up to the date of sale are considered paid by the seller on the date of sale, the seller is entitled to a 2013 tax deduction of $931. Us tax forms 2012 This is the sum of the $680 for 2012 and the $251 for the 122 days the seller owned the home in 2013. Us tax forms 2012 The seller must also include the $931 in the selling price when he or she figures the gain or loss on the sale. Us tax forms 2012 The seller should contact the Browns in January 2014 to find out how much real estate tax is due for 2013. Us tax forms 2012 Form 1099-S. Us tax forms 2012   For certain sales or exchanges of real estate, the person responsible for closing the sale (generally the settlement agent) prepares Form 1099-S, Proceeds From Real Estate Transactions, to report certain information to the IRS and to the seller of the property. Us tax forms 2012 Box 2 of Form 1099-S is for the gross proceeds from the sale and should include the portion of the seller's real estate tax liability that the buyer will pay after the date of sale. Us tax forms 2012 The buyer includes these taxes in the cost basis of the property, and the seller both deducts this amount as a tax paid and includes it in the sales price of the property. Us tax forms 2012   For a real estate transaction that involves a home, any real estate tax the seller paid in advance but that is the liability of the buyer appears on Form 1099-S, box 5. Us tax forms 2012 The buyer deducts this amount as a real estate tax, and the seller reduces his or her real estate tax deduction (or includes it in income) by the same amount. Us tax forms 2012 See Refund (or rebate) , later. Us tax forms 2012 Taxes placed in escrow. Us tax forms 2012   If your monthly mortgage payment includes an amount placed in escrow (put in the care of a third party) for real estate taxes, you may not be able to deduct the total amount placed in escrow. Us tax forms 2012 You can deduct only the real estate tax that the third party actually paid to the taxing authority. Us tax forms 2012 If the third party does not notify you of the amount of real estate tax that was paid for you, contact the third party or the taxing authority to find the proper amount to show on your return. Us tax forms 2012 Tenants by the entirety. Us tax forms 2012   If you and your spouse held property as tenants by the entirety and you file separate federal returns, each of you can deduct only the taxes each of you paid on the property. Us tax forms 2012 Divorced individuals. Us tax forms 2012   If your divorce or separation agreement states that you must pay the real estate taxes for a home owned by you and your spouse, part of your payments may be deductible as alimony and part as real estate taxes. Us tax forms 2012 See Taxes and insurance in chapter 18 for more information. Us tax forms 2012 Ministers' and military housing allowances. Us tax forms 2012   If you are a minister or a member of the uniformed services and receive a housing allowance that you can exclude from income, you still can deduct all of the real estate taxes you pay on your home. Us tax forms 2012 Refund (or rebate). Us tax forms 2012   If you received a refund or rebate in 2013 of real estate taxes you paid in 2013, you must reduce your deduction by the amount refunded to you. Us tax forms 2012 If you received a refund or rebate in 2013 of real estate taxes you deducted in an earlier year (either as an itemized deduction or an increase to your standard deduction), you generally must include the refund or rebate in income in the year you receive it. Us tax forms 2012 However, the amount you include in income is limited to the amount of the deduction that reduced your tax in the earlier year. Us tax forms 2012 For more information, see Recoveries in chapter 12. Us tax forms 2012 Table 22-1. Us tax forms 2012 Which Taxes Can You Deduct? Type of Tax You Can Deduct You Cannot Deduct Fees and Charges Fees and charges that are expenses of your trade or business or of producing income. Us tax forms 2012 Fees and charges that are not expenses of your trade or business or of producing income, such as fees for driver's licenses, car inspections, parking, or charges for water bills (see Taxes and Fees You Cannot Deduct ). Us tax forms 2012     Fines and penalties. Us tax forms 2012 Income Taxes State and local income taxes. Us tax forms 2012 Federal income taxes. Us tax forms 2012   Foreign income taxes. Us tax forms 2012     Employee contributions to state funds listed under Contributions to state benefit funds . Us tax forms 2012 Employee contributions to private or voluntary disability plans. Us tax forms 2012     State and local general sales taxes if you choose to deduct state and local income taxes. Us tax forms 2012 General Sales Taxes State and local general sales taxes, including compensating use taxes. Us tax forms 2012 State and local income taxes if you choose to deduct state and local general sales taxes. Us tax forms 2012 Other Taxes Taxes that are expenses of your trade or business. Us tax forms 2012 Federal excise taxes, such as tax on gasoline, that are not expenses of your trade or business or of producing income. Us tax forms 2012   Taxes on property producing rent or royalty income. Us tax forms 2012 Per capita taxes. Us tax forms 2012   Occupational taxes. Us tax forms 2012 See chapter 28. Us tax forms 2012     One-half of self-employment tax paid. Us tax forms 2012   Personal Property Taxes State and local personal property taxes. Us tax forms 2012 Customs duties that are not expenses of your trade or business or of producing income. Us tax forms 2012 Real Estate Taxes State and local real estate taxes. Us tax forms 2012 Real estate taxes that are treated as imposed on someone else (see Division of real estate taxes between buyers and sellers ). Us tax forms 2012   Foreign real estate taxes. Us tax forms 2012 Taxes for local benefits (with exceptions). Us tax forms 2012 See Real Estate-Related Items You Cannot Deduct . Us tax forms 2012   Tenant's share of real estate taxes paid by  cooperative housing corporation. Us tax forms 2012 Trash and garbage pickup fees (with exceptions). Us tax forms 2012 See Real Estate-Related Items You Cannot Deduct . Us tax forms 2012     Rent increase due to higher real estate taxes. Us tax forms 2012     Homeowners' association charges. Us tax forms 2012 Real Estate-Related Items You Cannot Deduct Payments for the following items generally are not deductible as real estate taxes. Us tax forms 2012 Taxes for local benefits. Us tax forms 2012 Itemized charges for services (such as trash and garbage pickup fees). Us tax forms 2012 Transfer taxes (or stamp taxes). Us tax forms 2012 Rent increases due to higher real estate taxes. Us tax forms 2012 Homeowners' association charges. Us tax forms 2012 Taxes for local benefits. Us tax forms 2012   Deductible real estate taxes generally do not include taxes charged for local benefits and improvements tending to increase the value of your property. Us tax forms 2012 These include assessments for streets, sidewalks, water mains, sewer lines, public parking facilities, and similar improvements. Us tax forms 2012 You should increase the basis of your property by the amount of the assessment. Us tax forms 2012   Local benefit taxes are deductible only if they are for maintenance, repair, or interest charges related to those benefits. Us tax forms 2012 If only a part of the taxes is for maintenance, repair, or interest, you must be able to show the amount of that part to claim the deduction. Us tax forms 2012 If you cannot determine what part of the tax is for maintenance, repair, or interest, none of it is deductible. Us tax forms 2012    Taxes for local benefits may be included in your real estate tax bill. Us tax forms 2012 If your taxing authority (or mortgage lender) does not furnish you a copy of your real estate tax bill, ask for it. Us tax forms 2012 You should use the rules above to determine if the local benefit tax is deductible. Us tax forms 2012 Contact the taxing authority if you need additional information about a specific charge on your real estate tax bill. Us tax forms 2012 Itemized charges for services. Us tax forms 2012    An itemized charge for services assessed against specific property or certain people is not a tax, even if the charge is paid to the taxing authority. Us tax forms 2012 For example, you cannot deduct the charge as a real estate tax if it is: A unit fee for the delivery of a service (such as a $5 fee charged for every 1,000 gallons of water you use), A periodic charge for a residential service (such as a $20 per month or $240 annual fee charged to each homeowner for trash collection), or A flat fee charged for a single service provided by your government (such as a $30 charge for mowing your lawn because it was allowed to grow higher than permitted under your local ordinance). Us tax forms 2012    You must look at your real estate tax bill to determine if any nondeductible itemized charges, such as those listed above, are included in the bill. Us tax forms 2012 If your taxing authority (or mortgage lender) does not furnish you a copy of your real estate tax bill, ask for it. Us tax forms 2012 Exception. Us tax forms 2012   Service charges used to maintain or improve services (such as trash collection or police and fire protection) are deductible as real estate taxes if: The fees or charges are imposed at a like rate against all property in the taxing jurisdiction, The funds collected are not earmarked; instead, they are commingled with general revenue funds, and Funds used to maintain or improve services are not limited to or determined by the amount of these fees or charges collected. Us tax forms 2012 Transfer taxes (or stamp taxes). Us tax forms 2012   Transfer taxes and similar taxes and charges on the sale of a personal home are not deductible. Us tax forms 2012 If they are paid by the seller, they are expenses of the sale and reduce the amount realized on the sale. Us tax forms 2012 If paid by the buyer, they are included in the cost basis of the property. Us tax forms 2012 Rent increase due to higher real estate taxes. Us tax forms 2012   If your landlord increases your rent in the form of a tax surcharge because of increased real estate taxes, you cannot deduct the increase as taxes. Us tax forms 2012 Homeowners' association charges. Us tax forms 2012   These charges are not deductible because they are imposed by the homeowners' association, rather than the state or local government. Us tax forms 2012 Personal Property Taxes Personal property tax is deductible if it is a state or local tax that is: Charged on personal property, Based only on the value of the personal property, and Charged on a yearly basis, even if it is collected more or less than once a year. Us tax forms 2012 A tax that meets the above requirements can be considered charged on personal property even if it is for the exercise of a privilege. Us tax forms 2012 For example, a yearly tax based on value qualifies as a personal property tax even if it is called a registration fee and is for the privilege of registering motor vehicles or using them on the highways. Us tax forms 2012 If the tax is partly based on value and partly based on other criteria, it may qualify in part. Us tax forms 2012 Example. Us tax forms 2012 Your state charges a yearly motor vehicle registration tax of 1% of value plus 50 cents per hundredweight. Us tax forms 2012 You paid $32 based on the value ($1,500) and weight (3,400 lbs. Us tax forms 2012 ) of your car. Us tax forms 2012 You can deduct $15 (1% × $1,500) as a personal property tax because it is based on the value. Us tax forms 2012 The remaining $17 ($. Us tax forms 2012 50 × 34), based on the weight, is not deductible. Us tax forms 2012 Taxes and Fees You Cannot Deduct Many federal, state, and local government taxes are not deductible because they do not fall within the categories discussed earlier. Us tax forms 2012 Other taxes and fees, such as federal income taxes, are not deductible because the tax law specifically prohibits a deduction for them. Us tax forms 2012 See Table 22-1. Us tax forms 2012 Taxes and fees that are generally not deductible include the following items. Us tax forms 2012 Employment taxes. Us tax forms 2012 This includes social security, Medicare, and railroad retirement taxes withheld from your pay. Us tax forms 2012 However, one-half of self-employment tax you pay is deductible. Us tax forms 2012 In addition, the social security and other employment taxes you pay on the wages of a household worker may be included in medical expenses that you can deduct or child care expenses that allow you to claim the child and dependent care credit. Us tax forms 2012 For more information, see chapters 21 and 32. Us tax forms 2012 Estate, inheritance, legacy, or succession taxes. Us tax forms 2012 However, you can deduct the estate tax attributable to income in respect of a decedent if you, as a beneficiary, must include that income in your gross income. Us tax forms 2012 In that case, deduct the estate tax as a miscellaneous deduction that is not subject to the 2%-of-adjusted-gross-income limit. Us tax forms 2012 For more information, see Publication 559, Survivors, Executors, and Administrators. Us tax forms 2012 Federal income taxes. Us tax forms 2012 This includes income taxes withheld from your pay. Us tax forms 2012 Fines and penalties. Us tax forms 2012 You cannot deduct fines and penalties paid to a government for violation of any law, including related amounts forfeited as collateral deposits. Us tax forms 2012 Gift taxes. Us tax forms 2012 License fees. Us tax forms 2012 You cannot deduct license fees for personal purposes (such as marriage, driver's, and dog license fees). Us tax forms 2012 Per capita taxes. Us tax forms 2012 You cannot deduct state or local per capita taxes. Us tax forms 2012 Many taxes and fees other than those listed above are also nondeductible, unless they are ordinary and necessary expenses of a business or income producing activity. Us tax forms 2012 For other nondeductible items, see Real Estate-Related Items You Cannot Deduct , earlier. Us tax forms 2012 Where To Deduct You deduct taxes on the following schedules. Us tax forms 2012 State and local income taxes. Us tax forms 2012    These taxes are deducted on Schedule A (Form 1040), line 5, even if your only source of income is from business, rents, or royalties. Us tax forms 2012 Check box a on line 5. Us tax forms 2012 General sales taxes. Us tax forms 2012   Sales taxes are deducted on Schedule A (Form 1040), line 5. Us tax forms 2012 You must check box b on line 5. Us tax forms 2012 If you elect to deduct sales taxes, you cannot deduct state and local income taxes on Schedule A (Form 1040), line 5, box a. Us tax forms 2012 Foreign income taxes. Us tax forms 2012   Generally, income taxes you pay to a foreign country or U. Us tax forms 2012 S. Us tax forms 2012 possession can be claimed as an itemized deduction on Schedule A (Form 1040), line 8, or as a credit against your U. Us tax forms 2012 S. Us tax forms 2012 income tax on Form 1040, line 47. Us tax forms 2012 To claim the credit, you may have to complete and attach Form 1116. Us tax forms 2012 For more information, see chapter 37, the Form 1040 instructions, or Publication 514. Us tax forms 2012 Real estate taxes and personal property taxes. Us tax forms 2012    Real estate and personal property taxes are deducted on Schedule A (Form 1040), lines 6 and 7, respectively, unless they are paid on property used in your business, in which case they are deducted on Schedule C, Schedule C-EZ, or Schedule F (Form 1040). Us tax forms 2012 Taxes on property that produces rent or royalty income are deducted on Schedule E (Form 1040). Us tax forms 2012 Self-employment tax. Us tax forms 2012    Deduct one-half of your self-employment tax on Form 1040, line 27. Us tax forms 2012 Other taxes. Us tax forms 2012    All other deductible taxes are deducted on Schedule A (Form 1040), line 8. Us tax forms 2012 Prev  Up  Next   Home   More Online Publications