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2012 Federal Income Tax Forms

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2012 Federal Income Tax Forms

2012 federal income tax forms Publication 514 - Introductory Material Table of Contents Reminders IntroductionOrdering forms and publications. 2012 federal income tax forms Tax questions. 2012 federal income tax forms Useful Items - You may want to see: Reminders Future developments. 2012 federal income tax forms  For the latest information about developments related to Pub. 2012 federal income tax forms 514, such as legislation enacted after it was published, go to www. 2012 federal income tax forms irs. 2012 federal income tax forms gov/pub514. 2012 federal income tax forms Alternative minimum tax. 2012 federal income tax forms  In addition to your regular income tax, you may be liable for the alternative minimum tax. 2012 federal income tax forms A foreign tax credit may be allowed in figuring this tax. 2012 federal income tax forms See the instructions for Form 6251, Alternative Minimum Tax—Individuals, for a discussion of the alternative minimum tax foreign tax credit. 2012 federal income tax forms Change of address. 2012 federal income tax forms  If your address changes from the address shown on your last return, use Form 8822, Change of Address, to notify the Internal Revenue Service. 2012 federal income tax forms Photographs of missing children. 2012 federal income tax forms  The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. 2012 federal income tax forms Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. 2012 federal income tax forms You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. 2012 federal income tax forms Introduction If you paid or accrued foreign taxes to a foreign country on foreign source income and are subject to U. 2012 federal income tax forms S. 2012 federal income tax forms tax on the same income, you may be able to take either a credit or an itemized deduction for those taxes. 2012 federal income tax forms Taken as a deduction, foreign income taxes reduce your U. 2012 federal income tax forms S. 2012 federal income tax forms taxable income. 2012 federal income tax forms Taken as a credit, foreign income taxes reduce your U. 2012 federal income tax forms S. 2012 federal income tax forms tax liability. 2012 federal income tax forms In most cases, it is to your advantage to take foreign income taxes as a tax credit. 2012 federal income tax forms The major scope of this publication is the foreign tax credit. 2012 federal income tax forms The publication discusses: How to choose to take the credit or the deduction, Who can take the credit, What foreign taxes qualify for the credit, How to figure the credit, and How to carry over unused foreign taxes to other tax years. 2012 federal income tax forms Unless you qualify for exemption from the foreign tax credit limit, you claim the credit by filing Form 1116 with your U. 2012 federal income tax forms S. 2012 federal income tax forms income tax return. 2012 federal income tax forms Two examples with filled-in Forms 1116 are provided at the end of this publication. 2012 federal income tax forms Comments and suggestions. 2012 federal income tax forms   We welcome your comments about this publication and your suggestions for future editions. 2012 federal income tax forms   You can write to us at the following address: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. 2012 federal income tax forms NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. 2012 federal income tax forms Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. 2012 federal income tax forms   You can send your comments from www. 2012 federal income tax forms irs. 2012 federal income tax forms gov/formspubs/. 2012 federal income tax forms Click on “More Information” and then on “Comment on Tax Forms and Publications”. 2012 federal income tax forms   Although we cannot respond individually to each comment received, we do appreciate your feedback and will consider your comments as we revise our tax products. 2012 federal income tax forms Ordering forms and publications. 2012 federal income tax forms   Visit www. 2012 federal income tax forms irs. 2012 federal income tax forms gov/formspubs/ to download forms and publications, call 1-800-TAX-FORM (1-800-829-3676), or write to the address below and receive a response within 10 days after your request is received. 2012 federal income tax forms Internal Revenue Service 1201 N. 2012 federal income tax forms Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. 2012 federal income tax forms   If you have a tax question, check the information available on IRS. 2012 federal income tax forms gov or call 1-800-829-1040. 2012 federal income tax forms We cannot answer tax questions sent to either of the above addresses. 2012 federal income tax forms Useful Items - You may want to see: Publication 54 Tax Guide for U. 2012 federal income tax forms S. 2012 federal income tax forms Citizens and Resident Aliens Abroad 519 U. 2012 federal income tax forms S. 2012 federal income tax forms Tax Guide for Aliens 570 Tax Guide for Individuals With Income From U. 2012 federal income tax forms S. 2012 federal income tax forms Possessions Form (and Instructions) 1116 Foreign Tax Credit See How To Get Tax Help near the end of this publication for information about getting these publications and this form. 2012 federal income tax forms Prev  Up  Next   Home   More Online Publications
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Top 10 Tax Time Tips from the IRS

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IRS Tax Tip 2014-40, March 25, 2014                                                  

The tax filing season is almost over. You can make tax time easier if you don’t wait until the last minute. Here are 10 important tax time tips:

  1. Gather your records.  Collect all tax records you need to file your taxes. This includes receipts, canceled checks and records that support income, deductions or tax credits that you claim on your tax return. Store them in a safe place.

  2. Report all your income.  You will need to report your income from all of your Forms W-2, Wage and Tax Statements, and Form 1099 income statements when you file your tax return.

  3. Get answers.  Use the Interactive Tax Assistant tool on the IRS website to get answers to many of your questions about tax credits, deductions and many more topics.

  4. Use Free File.  You can prepare and e-file a tax return for free using IRS Free File, available exclusively on IRS.gov. If your income was $58,000 or less, you qualify to use free tax software. If your income was higher, or if you’re comfortable doing your own tax return, you can use Free File Fillable Forms, the electronic version of IRS paper forms. Visit IRS.gov/freefile to check your options.

  5. Try IRS e-file.  Electronic filing is the best way to file a tax return. It’s accurate, safe and easy. Last year, more than 122 million taxpayers used IRS e-file. If you owe taxes, you have the option to file early and pay by April 15.

  6. Weigh your filing options.  You have several options for filing your tax return. You can prepare it yourself or go to a tax preparer. You may be eligible for free, face-to-face help at a Volunteer Income Tax Assistance or Tax Counseling for the Elderly site. Weigh your options and choose the one that works best for you.

  7. Use direct deposit.  Combining e-file with direct deposit is the fastest and safest way to get your tax refund.

  8. Visit the IRS website 24/7.  IRS.gov is a great place to get everything you need to file your tax return. Visit ‘1040 Central’ for online tools, filing tips, answers to frequently asked questions and IRS forms and publications. Get them all anytime, day or night.

  9. Check out number 17.  IRS Publication 17, Your Federal Income Tax, is a complete tax resource. It contains helpful information such as whether you need to file a tax return and how to choose your filing status.

  10. Review your return.  Mistakes slow down the receipt of your tax refund. Be sure to check all Social Security numbers and math calculations on your return, as these are the most common errors. If you run into a problem, remember the IRS is here to help. Start with IRS.gov.

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Page Last Reviewed or Updated: 27-Mar-2014

The 2012 Federal Income Tax Forms

2012 federal income tax forms Publication 590 - Introductory Material Table of Contents What's New for 2013 What's New for 2014 Reminders IntroductionOrdering forms and publications. 2012 federal income tax forms Tax questions. 2012 federal income tax forms Useful Items - You may want to see: Note. 2012 federal income tax forms After 2013, Publication 590 will be split into two separate publications as follows. 2012 federal income tax forms Publication 590-A, will focus on contributions to traditional IRAs as well as Roth IRAs. 2012 federal income tax forms This publication will include the rules for rollover and conversion contributions. 2012 federal income tax forms Publication 590-B, will focus on distributions from traditional IRAs as well as Roth IRAs. 2012 federal income tax forms This publication will include the rules for required minimum distributions and IRA beneficiaries. 2012 federal income tax forms What's New for 2013 Traditional IRA contribution and deduction limit. 2012 federal income tax forms  The contribution limit to your traditional IRA for 2013 will be increased to the smaller of the following amounts: $5,500, or Your taxable compensation for the year. 2012 federal income tax forms If you were age 50 or older before 2014, the most that can be contributed to your traditional IRA for 2013 will be the smaller of the following amounts: $6,500, or Your taxable compensation for the year. 2012 federal income tax forms For more information, see How Much Can Be Contributed? in chapter 1. 2012 federal income tax forms Roth IRA contribution limit. 2012 federal income tax forms  If contributions on your behalf are made only to Roth IRAs, your contribution limit for 2013 will generally be the lesser of: $5,500, or Your taxable compensation for the year. 2012 federal income tax forms If you were age 50 or older before 2014 and contributions on your behalf were made only to Roth IRAs, your contribution limit for 2013 will generally be the lesser of: $6,500, or Your taxable compensation for the year. 2012 federal income tax forms However, if your modified adjusted gross income (AGI) is above a certain amount, your contribution limit may be reduced. 2012 federal income tax forms For more information, see How Much Can Be Contributed? under Can You Contribute to a Roth IRA? in chapter 2. 2012 federal income tax forms Modified AGI limit for traditional IRA contributions increased. 2012 federal income tax forms  For 2013, if you were covered by a retirement plan at work, your deduction for contributions to a traditional IRA is reduced (phased out) if your modified AGI is: More than $95,000 but less than $115,000 for a married couple filing a joint return or a qualifying widow(er), More than $59,000 but less than $69,000 for a single individual or head of household, or Less than $10,000 for a married individual filing a separate return. 2012 federal income tax forms If you either lived with your spouse or file a joint return, and your spouse was covered by a retirement plan at work, but you were not, your deduction is phased out if your modified AGI is more than $178,000 but less than $188,000. 2012 federal income tax forms If your modified AGI is $188,000 or more, you cannot take a deduction for contributions to a traditional IRA. 2012 federal income tax forms See How Much Can You Deduct? in chapter 1. 2012 federal income tax forms Modified AGI limit for Roth IRA contributions increased. 2012 federal income tax forms  For 2013, your Roth IRA contribution limit is reduced (phased out) in the following situations. 2012 federal income tax forms Your filing status is married filing jointly or qualifying widow(er) and your modified AGI is at least $178,000. 2012 federal income tax forms You cannot make a Roth IRA contribution if your modified AGI is $188,000 or more. 2012 federal income tax forms Your filing status is single, head of household, or married filing separately and you did not live with your spouse at any time in 2013 and your modified AGI is at least $112,000. 2012 federal income tax forms You cannot make a Roth IRA contribution if your modified AGI is $127,000 or more. 2012 federal income tax forms Your filing status is married filing separately, you lived with your spouse at any time during the year, and your modified AGI is more than -0-. 2012 federal income tax forms You cannot make a Roth IRA contribution if your modified AGI is $10,000 or more. 2012 federal income tax forms See Can You Contribute to a Roth IRA? in chapter 2. 2012 federal income tax forms Net Investment Income Tax. 2012 federal income tax forms  For purposes of the Net Investment Income Tax (NIIT), net investment income does not include distributions from a qualified retirement plan (for example, 401(a), 403(a), 403(b), 457(b) plans, and IRAs). 2012 federal income tax forms However, these distributions are taken into account when determining the modified adjusted gross income threshold. 2012 federal income tax forms Distributions from a nonqualified retirement plan are included in net investment income. 2012 federal income tax forms See Form 8960, Net Investment Income Tax—Individuals, Estates, and Trusts, and its instructions for more information. 2012 federal income tax forms Kay Bailey Hutchison Spousal IRA. 2012 federal income tax forms . 2012 federal income tax forms  In 2013, spousal IRAs were renamed to Kay Bailey Hutchison Spousal IRAs. 2012 federal income tax forms There are no changes to the rules regarding these IRAs. 2012 federal income tax forms See Kay Bailey Hutchison Spousal IRA Limit in chapter 1 for more information. 2012 federal income tax forms What's New for 2014 Modified AGI limit for traditional IRA contributions increased. 2012 federal income tax forms  For 2014, if you are covered by a retirement plan at work, your deduction for contributions to a traditional IRA is reduced (phased out) if your modified AGI is: More than $96,000 but less than $116,000 for a married couple filing a joint return or a qualifying widow(er), More than $60,000 but less than $70,000 for a single individual or head of household, or Less than $10,000 for a married individual filing a separate return. 2012 federal income tax forms If you either live with your spouse or file a joint return, and your spouse is covered by a retirement plan at work, but you are not, your deduction is phased out if your modified AGI is more than $181,000 but less than $191,000. 2012 federal income tax forms If your modified AGI is $191,000 or more, you cannot take a deduction for contributions to a traditional IRA. 2012 federal income tax forms Modified AGI limit for Roth IRA contributions increased. 2012 federal income tax forms  For 2014, your Roth IRA contribution limit is reduced (phased out) in the following situations. 2012 federal income tax forms Your filing status is married filing jointly or qualifying widow(er) and your modified AGI is at least $181,000. 2012 federal income tax forms You cannot make a Roth IRA contribution if your modified AGI is $191,000 or more. 2012 federal income tax forms Your filing status is single, head of household, or married filing separately and you did not live with your spouse at any time in 2014 and your modified AGI is at least $114,000. 2012 federal income tax forms You cannot make a Roth IRA contribution if your modified AGI is $129,000 or more. 2012 federal income tax forms Your filing status is married filing separately, you lived with your spouse at any time during the year, and your modified AGI is more than -0-. 2012 federal income tax forms You cannot make a Roth IRA contribution if your modified AGI is $10,000 or more. 2012 federal income tax forms Reminders Future developments. 2012 federal income tax forms  For the latest information about developments related to Publication 590, such as legislation enacted after it was published, go to www. 2012 federal income tax forms irs. 2012 federal income tax forms gov/pub590. 2012 federal income tax forms Simplified employee pension (SEP). 2012 federal income tax forms  SEP IRAs are not covered in this publication. 2012 federal income tax forms They are covered in Publication 560, Retirement Plans for Small Business. 2012 federal income tax forms Deemed IRAs. 2012 federal income tax forms  A qualified employer plan (retirement plan) can maintain a separate account or annuity under the plan (a deemed IRA) to receive voluntary employee contributions. 2012 federal income tax forms If the separate account or annuity otherwise meets the requirements of an IRA, it will be subject only to IRA rules. 2012 federal income tax forms An employee's account can be treated as a traditional IRA or a Roth IRA. 2012 federal income tax forms For this purpose, a “qualified employer plan” includes: A qualified pension, profit-sharing, or stock bonus plan (section 401(a) plan), A qualified employee annuity plan (section 403(a) plan), A tax-sheltered annuity plan (section 403(b) plan), and A deferred compensation plan (section 457 plan) maintained by a state, a political subdivision of a state, or an agency or instrumentality of a state or political subdivision of a state. 2012 federal income tax forms Contributions to both traditional and Roth IRAs. 2012 federal income tax forms  For information on your combined contribution limit if you contribute to both traditional and Roth IRAs, see Roth IRAs and traditional IRAs under How Much Can Be Contributed? in chapter 2. 2012 federal income tax forms Statement of required minimum distribution (RMD). 2012 federal income tax forms  If an RMD is required from your IRA, the trustee, custodian, or issuer that held the IRA at the end of the preceding year must either report the amount of the RMD to you, or offer to calculate it for you. 2012 federal income tax forms The report or offer must include the date by which the amount must be distributed. 2012 federal income tax forms The report is due January 31 of the year in which the minimum distribution is required. 2012 federal income tax forms It can be provided with the year-end fair market value statement that you normally get each year. 2012 federal income tax forms No report is required for section 403(b) contracts (generally tax-sheltered annuities) or for IRAs of owners who have died. 2012 federal income tax forms IRA interest. 2012 federal income tax forms  Although interest earned from your IRA is generally not taxed in the year earned, it is not tax-exempt interest. 2012 federal income tax forms Tax on your traditional IRA is generally deferred until you take a distribution. 2012 federal income tax forms Do not report this interest on your return as tax-exempt interest. 2012 federal income tax forms For more information on tax-exempt interest, see the instructions for your tax return. 2012 federal income tax forms Photographs of missing children. 2012 federal income tax forms  The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. 2012 federal income tax forms Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. 2012 federal income tax forms You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. 2012 federal income tax forms Introduction This publication discusses individual retirement arrangements (IRAs). 2012 federal income tax forms An IRA is a personal savings plan that gives you tax advantages for setting aside money for retirement. 2012 federal income tax forms What are some tax advantages of an IRA?   Two tax advantages of an IRA are that: Contributions you make to an IRA may be fully or partially deductible, depending on which type of IRA you have and on your circumstances, and Generally, amounts in your IRA (including earnings and gains) are not taxed until distributed. 2012 federal income tax forms In some cases, amounts are not taxed at all if distributed according to the rules. 2012 federal income tax forms What's in this publication?   This publication discusses traditional, Roth, and SIMPLE IRAs. 2012 federal income tax forms It explains the rules for: Setting up an IRA, Contributing to an IRA, Transferring money or property to and from an IRA, Handling an inherited IRA, Receiving distributions (making withdrawals) from an IRA, and Taking a credit for contributions to an IRA. 2012 federal income tax forms   It also explains the penalties and additional taxes that apply when the rules are not followed. 2012 federal income tax forms To assist you in complying with the tax rules for IRAs, this publication contains worksheets, sample forms, and tables, which can be found throughout the publication and in the appendices at the back of the publication. 2012 federal income tax forms How to use this publication. 2012 federal income tax forms   The rules that you must follow depend on which type of IRA you have. 2012 federal income tax forms Use Table I-1 to help you determine which parts of this publication to read. 2012 federal income tax forms Also use Table I-1 if you were referred to this publication from instructions to a form. 2012 federal income tax forms Comments and suggestions. 2012 federal income tax forms   We welcome your comments about this publication and your suggestions for future editions. 2012 federal income tax forms   You can write to us at the following address: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. 2012 federal income tax forms NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. 2012 federal income tax forms Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. 2012 federal income tax forms   You can send your comments from www. 2012 federal income tax forms irs. 2012 federal income tax forms gov/formspubs/. 2012 federal income tax forms Click on “More Information” and then on “Comment on Tax Forms and Publications”. 2012 federal income tax forms   Although we cannot respond individually to each comment received, we do appreciate your feedback and will consider your comments as we revise our tax products. 2012 federal income tax forms Ordering forms and publications. 2012 federal income tax forms   Visit www. 2012 federal income tax forms irs. 2012 federal income tax forms gov/formspubs/ to download forms and publications, call 1-800-TAX-FORM (1-800-829-3676), or write to the address below and receive a response within 10 days after your request is received. 2012 federal income tax forms Internal Revenue Service 1201 N. 2012 federal income tax forms Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. 2012 federal income tax forms   If you have a tax question, check the information available on IRS. 2012 federal income tax forms gov or call 1-800-829-1040. 2012 federal income tax forms We cannot answer tax questions sent to either of the above addresses. 2012 federal income tax forms Useful Items - You may want to see: Publications 560 Retirement Plans for Small Business (SEP, SIMPLE, and Qualified Plans) 571 Tax-Sheltered Annuity Plans (403(b) Plans) 575 Pension and Annuity Income 939 General Rule for Pensions and Annuities Forms (and instructions) W-4P Withholding Certificate for Pension or Annuity Payments 1099-R Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. 2012 federal income tax forms 5304-SIMPLE Savings Incentive Match Plan for Employees of Small Employers (SIMPLE)–Not for Use With a Designated Financial Institution 5305-S SIMPLE Individual Retirement Trust Account 5305-SA SIMPLE Individual Retirement Custodial Account 5305-SIMPLE Savings Incentive Match Plan for Employees of Small Employers (SIMPLE)–for Use With a Designated Financial Institution 5329 Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts 5498 IRA Contribution Information 8606 Nondeductible IRAs 8815 Exclusion of Interest From Series EE and I U. 2012 federal income tax forms S. 2012 federal income tax forms Savings Bonds Issued After 1989 8839 Qualified Adoption Expenses 8880 Credit for Qualified Retirement Savings Contributions See chapter 5 for information about getting these publications and forms. 2012 federal income tax forms Table I-1. 2012 federal income tax forms Using This Publication IF you need information on . 2012 federal income tax forms . 2012 federal income tax forms . 2012 federal income tax forms THEN see . 2012 federal income tax forms . 2012 federal income tax forms . 2012 federal income tax forms traditional IRAs chapter 1. 2012 federal income tax forms Roth IRAs chapter 2, and parts of  chapter 1. 2012 federal income tax forms SIMPLE IRAs chapter 3. 2012 federal income tax forms the credit for qualified retirement savings contributions (the saver's credit) chapter 4. 2012 federal income tax forms how to keep a record of your contributions to, and distributions from, your traditional IRA(s) appendix A. 2012 federal income tax forms SEP IRAs and 401(k) plans Publication 560. 2012 federal income tax forms Coverdell education savings accounts (formerly called education IRAs) Publication 970. 2012 federal income tax forms IF for 2013, you received social security benefits, had taxable compensation, contributed to a traditional IRA, and you or your spouse was covered by an employer retirement plan, and you want to. 2012 federal income tax forms . 2012 federal income tax forms . 2012 federal income tax forms THEN see . 2012 federal income tax forms . 2012 federal income tax forms . 2012 federal income tax forms first figure your modified adjusted gross income (AGI) appendix B, worksheet 1. 2012 federal income tax forms then figure how much of your traditional IRA contribution you can deduct appendix B, worksheet 2. 2012 federal income tax forms and finally figure how much of your social security is taxable appendix B, worksheet 3. 2012 federal income tax forms Table I-2. 2012 federal income tax forms How Are a Traditional IRA and a Roth IRA Different? This table shows the differences between traditional and Roth IRAs. 2012 federal income tax forms Answers in the middle column apply to traditional IRAs. 2012 federal income tax forms Answers in the right column apply to Roth IRAs. 2012 federal income tax forms Question Answer   Traditional IRA? Roth IRA? Is there an age limit on when I can open and contribute to a Yes. 2012 federal income tax forms You must not have reached age  70½ by the end of the year. 2012 federal income tax forms See Who Can Open a Traditional IRA? in chapter 1. 2012 federal income tax forms No. 2012 federal income tax forms You can be any age. 2012 federal income tax forms See Can You Contribute to a Roth IRA? in chapter 2. 2012 federal income tax forms If I earned more than $5,500 in 2013 ($6,500 if I was 50 or older by the end of 2013), is there a limit on how much I can contribute to a Yes. 2012 federal income tax forms For 2013, you can contribute to a traditional IRA up to: $5,500, or $6,500 if you were age 50 or older by the end of 2013. 2012 federal income tax forms  There is no upper limit on how much you can earn and still contribute. 2012 federal income tax forms See How Much Can Be Contributed? in chapter 1. 2012 federal income tax forms Yes. 2012 federal income tax forms For 2013, you may be able to contribute to a Roth IRA up to: $5,500, or $6,500 if you were age 50 or older by the end of 2013,  but the amount you can contribute may be less than that depending on your income, filing status, and if you contribute to another IRA. 2012 federal income tax forms See How Much Can Be Contributed? and Table 2-1 in chapter 2. 2012 federal income tax forms Can I deduct contributions to a Yes. 2012 federal income tax forms You may be able to deduct your contributions to a traditional IRA depending on your income, filing status, whether you are covered by a retirement plan at work, and whether you receive social security benefits. 2012 federal income tax forms See How Much Can You Deduct? in chapter 1. 2012 federal income tax forms No. 2012 federal income tax forms You can never deduct contributions to a Roth IRA. 2012 federal income tax forms See What Is a Roth IRA? in chapter 2. 2012 federal income tax forms Do I have to file a form just because I contribute to a Not unless you make nondeductible contributions to your traditional IRA. 2012 federal income tax forms In that case, you must file Form 8606. 2012 federal income tax forms See Nondeductible Contributions in chapter 1. 2012 federal income tax forms No. 2012 federal income tax forms You do not have to file a form if you contribute to a Roth IRA. 2012 federal income tax forms See Contributions not reported in chapter 2. 2012 federal income tax forms Do I have to start taking distributions when I reach a certain age from a Yes. 2012 federal income tax forms You must begin receiving required minimum distributions by April 1 of the year following the year you reach age 70½. 2012 federal income tax forms See When Must You Withdraw Assets? (Required Minimum Distributions) in chapter 1. 2012 federal income tax forms No. 2012 federal income tax forms If you are the original owner of a Roth IRA, you do not have to take distributions regardless of your age. 2012 federal income tax forms See Are Distributions Taxable? in chapter 2. 2012 federal income tax forms However, if you are the beneficiary of a Roth IRA, you may have to take distributions. 2012 federal income tax forms See Distributions After Owner's Death in chapter 2. 2012 federal income tax forms How are distributions taxed from a Distributions from a traditional IRA are taxed as ordinary income, but if you made nondeductible contributions, not all of the distribution is taxable. 2012 federal income tax forms See Are Distributions Taxable? in chapter 1. 2012 federal income tax forms Distributions from a Roth IRA are not taxed as long as you meet certain criteria. 2012 federal income tax forms See Are Distributions Taxable? in chapter 2. 2012 federal income tax forms Do I have to file a form just because I receive distributions from a Not unless you have ever made a nondeductible contribution to a traditional IRA. 2012 federal income tax forms If you have, file Form 8606. 2012 federal income tax forms See Nondeductible Contributions in chapter 1. 2012 federal income tax forms Yes. 2012 federal income tax forms File Form 8606 if you received distributions from a Roth IRA (other than a rollover, qualified charitable distribution, one-time distribution to fund an HSA, recharacterization, certain qualified distributions, or a return of certain contributions). 2012 federal income tax forms Prev  Up  Next   Home   More Online Publications