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Aarp tax help 11. Aarp tax help   Social Security and Equivalent Railroad Retirement Benefits Table of Contents Introduction Useful Items - You may want to see: Are Any of Your Benefits Taxable? How To Report Your BenefitsHow Much Is Taxable? Examples Deductions Related to Your BenefitsRepayments More Than Gross Benefits Introduction This chapter explains the federal income tax rules for social security benefits and equivalent tier 1 railroad retirement benefits. Aarp tax help It explains the following topics. Aarp tax help How to figure whether your benefits are taxable. Aarp tax help How to use the social security benefits worksheet (with examples). Aarp tax help How to report your taxable benefits. Aarp tax help How to treat repayments that are more than the benefits you received during the year. Aarp tax help Social security benefits include monthly retirement, survivor, and disability benefits. Aarp tax help They do not include supplemental security income (SSI) payments, which are not taxable. Aarp tax help Equivalent tier 1 railroad retirement benefits are the part of tier 1 benefits that a railroad employee or beneficiary would have been entitled to receive under the social security system. Aarp tax help They are commonly called the social security equivalent benefit (SSEB) portion of tier 1 benefits. Aarp tax help If you received these benefits during 2013, you should have received a Form SSA-1099, Social Security Benefit Statement, or Form RRB-1099, Payments by the Railroad Retirement Board. Aarp tax help These forms show the amounts received and repaid, and taxes withheld for the year. Aarp tax help You may receive more than one of these forms for the same year. Aarp tax help You should add the amounts shown on all the Forms SSA-1099 and Forms RRB-1099 you receive for the year to determine the total amounts received and repaid, and taxes withheld for that year. Aarp tax help See the Appendix at the end of Publication 915 for more information. Aarp tax help Note. Aarp tax help When the term “benefits” is used in this chapter, it applies to both social security benefits and the SSEB portion of tier 1 railroad retirement benefits. Aarp tax help What is not covered in this chapter. Aarp tax help   This chapter does not cover the tax rules for the following railroad retirement benefits. Aarp tax help Non-social security equivalent benefit (NSSEB) portion of tier 1 benefits. Aarp tax help Tier 2 benefits. Aarp tax help Vested dual benefits. Aarp tax help Supplemental annuity benefits. Aarp tax help For information on these benefits, see Publication 575, Pension and Annuity Income. Aarp tax help   This chapter does not cover the tax rules for social security benefits reported on Form SSA-1042S, Social Security Benefit Statement, or Form RRB-1042S, Statement for Nonresident Alien Recipients of: Payments by the Railroad Retirement Board. Aarp tax help For information about these benefits, see Publication 519, U. Aarp tax help S. Aarp tax help Tax Guide for Aliens, and Publication 915, Social Security and Equivalent Railroad Retirement Benefits. Aarp tax help   This chapter also does not cover the tax rules for foreign social security benefits. Aarp tax help These benefits are taxable as annuities, unless they are exempt from U. Aarp tax help S. Aarp tax help tax or treated as a U. Aarp tax help S. Aarp tax help social security benefit under a tax treaty. Aarp tax help Useful Items - You may want to see: Publication 505 Tax Withholding and Estimated Tax 575 Pension and Annuity Income 590 Individual Retirement Arrangements (IRAs) 915 Social Security and Equivalent Railroad Retirement Benefits Forms (and Instructions) 1040-ES Estimated Tax for Individuals SSA-1099 Social Security Benefit Statement RRB-1099 Payments by the Railroad Retirement Board W-4V Voluntary Withholding Request Are Any of Your Benefits Taxable? To find out whether any of your benefits may be taxable, compare the base amount for your filing status with the total of: One-half of your benefits, plus All your other income, including tax-exempt interest. Aarp tax help When making this comparison, do not reduce your other income by any exclusions for: Interest from qualified U. Aarp tax help S. Aarp tax help savings bonds, Employer-provided adoption benefits, Foreign earned income or foreign housing, or Income earned by bona fide residents of American Samoa or Puerto Rico. Aarp tax help Children's benefits. Aarp tax help   The rules in this chapter apply to benefits received by children. Aarp tax help See Who is taxed , later. Aarp tax help Figuring total income. Aarp tax help   To figure the total of one-half of your benefits plus your other income, use Worksheet 11-1 later in this discussion. Aarp tax help If the total is more than your base amount, part of your benefits may be taxable. Aarp tax help    If you are married and file a joint return for 2013, you and your spouse must combine your incomes and your benefits to figure whether any of your combined benefits are taxable. Aarp tax help Even if your spouse did not receive any benefits, you must add your spouse's income to yours to figure whether any of your benefits are taxable. Aarp tax help    If the only income you received during 2013 was your social security or the SSEB portion of tier 1 railroad retirement benefits, your benefits generally are not taxable and you probably do not have to file a return. Aarp tax help If you have income in addition to your benefits, you may have to file a return even if none of your benefits are taxable. Aarp tax help Base amount. Aarp tax help   Your base amount is: $25,000 if you are single, head of household, or qualifying widow(er), $25,000 if you are married filing separately and lived apart from your spouse for all of 2013, $32,000 if you are married filing jointly, or $-0- if you are married filing separately and lived with your spouse at any time during 2013. Aarp tax help Worksheet 11-1. Aarp tax help   You can use Worksheet 11-1 to figure the amount of income to compare with your base amount. Aarp tax help This is a quick way to check whether some of your benefits may be taxable. Aarp tax help Worksheet 11-1. Aarp tax help A Quick Way To Check if Your Benefits May Be Taxable A. Aarp tax help Enter the amount from box 5 of all your Forms SSA-1099 and RRB-1099. Aarp tax help Include the full amount of any lump-sum benefit payments received in 2013, for 2013 and earlier years. Aarp tax help (If you received more than one form, combine the amounts from box 5 and enter the total. Aarp tax help ) A. Aarp tax help   Note. Aarp tax help If the amount on line A is zero or less, stop here; none of your benefits are taxable this year. Aarp tax help B. Aarp tax help Enter one-half of the amount on line A B. Aarp tax help   C. Aarp tax help Enter your taxable pensions, wages, interest, dividends, and other taxable income C. Aarp tax help   D. Aarp tax help Enter any tax-exempt interest income (such as interest on municipal bonds) plus any exclusions from income (listed earlier) D. Aarp tax help   E. Aarp tax help Add lines B, C, and D E. Aarp tax help   Note. Aarp tax help Compare the amount on line E to your base amount for your filing status. Aarp tax help If the amount on line E equals or is less than the base amount for your filing status, none of your benefits are taxable this year. Aarp tax help If the amount on line E is more than your base amount, some of your benefits may be taxable. Aarp tax help You need to complete Worksheet 1 in Publication 915 (or the Social Security Benefits Worksheet in your tax form instructions). Aarp tax help If none of your benefits are taxable, but you otherwise must file a tax return, see Benefits not taxable , later, under How To Report Your Benefits. Aarp tax help Example. Aarp tax help You and your spouse (both over 65) are filing a joint return for 2013 and you both received social security benefits during the year. Aarp tax help In January 2014, you received a Form SSA-1099 showing net benefits of $7,500 in box 5. Aarp tax help Your spouse received a Form SSA-1099 showing net benefits of $3,500 in box 5. Aarp tax help You also received a taxable pension of $22,800 and interest income of $500. Aarp tax help You did not have any tax-exempt interest income. Aarp tax help Your benefits are not taxable for 2013 because your income, as figured in Worksheet 11-1, is not more than your base amount ($32,000) for married filing jointly. Aarp tax help Even though none of your benefits are taxable, you must file a return for 2013 because your taxable gross income ($23,300) exceeds the minimum filing requirement amount for your filing status. Aarp tax help Filled-in Worksheet 11-1. Aarp tax help A Quick Way To Check if Your Benefits May Be Taxable A. Aarp tax help Enter the amount from box 5 of all your Forms SSA-1099 and RRB-1099. Aarp tax help Include the full amount of any lump-sum benefit payments received in 2013, for 2013 and earlier years. Aarp tax help (If you received more than one form, combine the amounts from box 5 and enter the total. Aarp tax help ) A. Aarp tax help $11,000 Note. Aarp tax help If the amount on line A is zero or less, stop here; none of your benefits are taxable this year. Aarp tax help B. Aarp tax help Enter one-half of the amount on line A B. Aarp tax help 5,500 C. Aarp tax help Enter your taxable pensions, wages, interest, dividends, and other taxable income C. Aarp tax help 23,300 D. Aarp tax help Enter any tax-exempt interest income (such as interest on municipal bonds) plus any exclusions from income (listed earlier) D. Aarp tax help -0- E. Aarp tax help Add lines B, C, and D E. Aarp tax help $28,800 Note. Aarp tax help Compare the amount on line E to your base amount for your filing status. Aarp tax help If the amount on line E equals or is less than the base amount for your filing status, none of your benefits are taxable this year. Aarp tax help If the amount on line E is more than your base amount, some of your benefits may be taxable. Aarp tax help You need to complete Worksheet 1 in Publication 915 (or the Social Security Benefits Worksheet in your tax form instructions). Aarp tax help If none of your benefits are taxable, but you otherwise must file a tax return, see Benefits not taxable , later, under How To Report Your Benefits. Aarp tax help Who is taxed. Aarp tax help   Benefits are included in the taxable income (to the extent they are taxable) of the person who has the legal right to receive the benefits. Aarp tax help For example, if you and your child receive benefits, but the check for your child is made out in your name, you must use only your part of the benefits to see whether any benefits are taxable to you. Aarp tax help One-half of the part that belongs to your child must be added to your child's other income to see whether any of those benefits are taxable to your child. Aarp tax help Repayment of benefits. Aarp tax help   Any repayment of benefits you made during 2013 must be subtracted from the gross benefits you received in 2013. Aarp tax help It does not matter whether the repayment was for a benefit you received in 2013 or in an earlier year. Aarp tax help If you repaid more than the gross benefits you received in 2013, see Repayments More Than Gross Benefits , later. Aarp tax help   Your gross benefits are shown in box 3 of Form SSA-1099 or RRB-1099. Aarp tax help Your repayments are shown in box 4. Aarp tax help The amount in box 5 shows your net benefits for 2013 (box 3 minus box 4). Aarp tax help Use the amount in box 5 to figure whether any of your benefits are taxable. Aarp tax help Tax withholding and estimated tax. Aarp tax help   You can choose to have federal income tax withheld from your social security benefits and/or the SSEB portion of your tier 1 railroad retirement benefits. Aarp tax help If you choose to do this, you must complete a Form W-4V. Aarp tax help   If you do not choose to have income tax withheld, you may have to request additional withholding from other income or pay estimated tax during the year. Aarp tax help For details, see Publication 505 or the instructions for Form 1040-ES. Aarp tax help How To Report Your Benefits If part of your benefits are taxable, you must use Form 1040 or Form 1040A. Aarp tax help You cannot use Form 1040EZ. Aarp tax help Reporting on Form 1040. Aarp tax help   Report your net benefits (the total amount from box 5 of all your Forms SSA-1099 and Forms RRB-1099) on line 20a and the taxable part on line 20b. Aarp tax help If you are married filing separately and you lived apart from your spouse for all of 2013, also enter “D” to the right of the word “benefits” on line 20a. Aarp tax help Reporting on Form 1040A. Aarp tax help   Report your net benefits (the total amount from box 5 of all your Forms SSA-1099 and Forms RRB-1099) on line 14a and the taxable part on line 14b. Aarp tax help If you are married filing separately and you lived apart from your spouse for all of 2013, also enter “D” to the right of the word “benefits” on line 14a. Aarp tax help Benefits not taxable. Aarp tax help   If you are filing Form 1040EZ, do not report any benefits on your tax return. Aarp tax help If you are filing Form 1040 or Form 1040A, report your net benefits (the total amount from box 5 of all your Forms SSA-1099 and Forms RRB-1099) on Form 1040, line 20a, or Form 1040A, line 14a. Aarp tax help Enter -0- on Form 1040, line 20b, or Form 1040A, line 14b. Aarp tax help If you are married filing separately and you lived apart from your spouse for all of 2013, also enter “D” to the right of the word “benefits” on Form 1040, line 20a, or Form 1040A, line 14a. Aarp tax help How Much Is Taxable? If part of your benefits are taxable, how much is taxable depends on the total amount of your benefits and other income. Aarp tax help Generally, the higher that total amount, the greater the taxable part of your benefits. Aarp tax help Maximum taxable part. Aarp tax help   Generally, up to 50% of your benefits will be taxable. Aarp tax help However, up to 85% of your benefits can be taxable if either of the following situations applies to you. Aarp tax help The total of one-half of your benefits and all your other income is more than $34,000 ($44,000 if you are married filing jointly). Aarp tax help You are married filing separately and lived with your spouse at any time during 2013. Aarp tax help Which worksheet to use. Aarp tax help   A worksheet you can use to figure your taxable benefits is in the instructions for your Form 1040 or Form 1040A. Aarp tax help You can use either that worksheet or Worksheet 1 in Publication 915, unless any of the following situations applies to you. Aarp tax help You contributed to a traditional individual retirement arrangement (IRA) and you or your spouse is covered by a retirement plan at work. Aarp tax help In this situation, you must use the special worksheets in Appendix B of Publication 590 to figure both your IRA deduction and your taxable benefits. Aarp tax help Situation (1) does not apply and you take an exclusion for interest from qualified U. Aarp tax help S. Aarp tax help savings bonds (Form 8815), for adoption benefits (Form 8839), for foreign earned income or housing (Form 2555 or Form 2555-EZ), or for income earned in American Samoa (Form 4563) or Puerto Rico by bona fide residents. Aarp tax help In this situation, you must use Worksheet 1 in Publication 915 to figure your taxable benefits. Aarp tax help You received a lump-sum payment for an earlier year. Aarp tax help In this situation, also complete Worksheet 2 or 3 and Worksheet 4 in Publication 915. Aarp tax help See Lump-sum election next. Aarp tax help Lump-sum election. Aarp tax help   You must include the taxable part of a lump-sum (retroactive) payment of benefits received in 2013 in your 2013 income, even if the payment includes benefits for an earlier year. Aarp tax help    This type of lump-sum benefit payment should not be confused with the lump-sum death benefit that both the SSA and RRB pay to many of their beneficiaries. Aarp tax help No part of the lump-sum death benefit is subject to tax. Aarp tax help   Generally, you use your 2013 income to figure the taxable part of the total benefits received in 2013. Aarp tax help However, you may be able to figure the taxable part of a lump-sum payment for an earlier year separately, using your income for the earlier year. Aarp tax help You can elect this method if it lowers your taxable benefits. Aarp tax help Making the election. Aarp tax help   If you received a lump-sum benefit payment in 2013 that includes benefits for one or more earlier years, follow the instructions in Publication 915 under Lump-Sum Election to see whether making the election will lower your taxable benefits. Aarp tax help That discussion also explains how to make the election. Aarp tax help    Because the earlier year's taxable benefits are included in your 2013 income, no adjustment is made to the earlier year's return. Aarp tax help Do not file an amended return for the earlier year. Aarp tax help Examples The following are a few examples you can use as a guide to figure the taxable part of your benefits. Aarp tax help Example 1. Aarp tax help George White is single and files Form 1040 for 2013. Aarp tax help He received the following income in 2013: Fully taxable pension $18,600 Wages from part-time job 9,400 Taxable interest income 990 Total $28,990 George also received social security benefits during 2013. Aarp tax help The Form SSA-1099 he received in January 2014 shows $5,980 in box 5. Aarp tax help To figure his taxable benefits, George completes the worksheet shown here. Aarp tax help Filled-in Worksheet 1. Aarp tax help Figuring Your Taxable Benefits 1. Aarp tax help Enter the total amount from box 5 of ALL your Forms SSA-1099 and RRB-1099. Aarp tax help Also enter this amount on Form 1040, line 20a, or Form 1040A, line 14a $5,980 2. Aarp tax help Enter one-half of line 1 2,990 3. Aarp tax help Combine the amounts from:     Form 1040: Lines 7, 8a, 9a, 10 through 14, 15b, 16b, 17 through 19, and 21. Aarp tax help     Form 1040A: Lines 7, 8a, 9a, 10, 11b, 12b, and 13 28,990 4. Aarp tax help Enter the amount, if any, from Form 1040 or 1040A, line 8b -0-       5. Aarp tax help Enter the total of any exclusions/adjustments for: Adoption benefits (Form 8839, line 28), Foreign earned income or housing (Form 2555, lines 45 and 50, or Form 2555-EZ, line 18), and Certain income of bona fide residents of American Samoa (Form 4563, line 15) or Puerto Rico -0-       6. Aarp tax help Combine lines 2, 3, 4, and 5 31,980 7. Aarp tax help Form 1040 filers: Enter the amount from Form 1040, lines 23 through 32, and any write-in adjustments you entered on the dotted line next to line 36. Aarp tax help     Form 1040A filers: Enter the amount from Form 1040A, lines 16 and 17 -0- 8. Aarp tax help Is the amount on line 7 less than the amount on line 6?     No. Aarp tax help None of your social security benefits are taxable. Aarp tax help Enter -0- on Form 1040, line 20b, or Form 1040A, line 14b. Aarp tax help   Yes. Aarp tax help Subtract line 7 from line 6 31,980 9. Aarp tax help If you are: Married filing jointly, enter $32,000 Single, head of household, qualifying widow(er), or married filing separately and you lived apart from your spouse for all of 2013, enter $25,000 25,000   Note. Aarp tax help If you are married filing separately and you lived with your spouse at any time in 2013, skip lines 9 through 16; multiply line 8 by 85% (. Aarp tax help 85) and enter the result on line 17. Aarp tax help Then go to line 18. Aarp tax help   10. Aarp tax help Is the amount on line 9 less than the amount on line 8?     No. Aarp tax help None of your benefits are taxable. Aarp tax help Enter -0- on Form 1040, line 20b, or on Form 1040A, line 14b. Aarp tax help If you are married filing separately and you lived apart from your spouse for all of 2013, be sure you entered “D” to the right of the word “benefits” on Form 1040, line 20a, or on Form 1040A, line 14a. Aarp tax help     Yes. Aarp tax help Subtract line 9 from line 8 6,980 11. Aarp tax help Enter $12,000 if married filing jointly; $9,000 if single, head of household, qualifying widow(er), or married filing separately and you lived apart from your spouse for all of 2013 9,000 12. Aarp tax help Subtract line 11 from line 10. Aarp tax help If zero or less, enter -0- -0- 13. Aarp tax help Enter the smaller of line 10 or line 11 6,980 14. Aarp tax help Enter one-half of line 13 3,490 15. Aarp tax help Enter the smaller of line 2 or line 14 2,990 16. Aarp tax help Multiply line 12 by 85% (. Aarp tax help 85). Aarp tax help If line 12 is zero, enter -0- -0- 17. Aarp tax help Add lines 15 and 16 2,990 18. Aarp tax help Multiply line 1 by 85% (. Aarp tax help 85) 5,083 19. Aarp tax help Taxable benefits. Aarp tax help Enter the smaller of line 17 or line 18. Aarp tax help Also enter this amount on Form 1040, line 20b, or Form 1040A, line 14b $2,990 The amount on line 19 of George's worksheet shows that $2,990 of his social security benefits is taxable. Aarp tax help On line 20a of his Form 1040, George enters his net benefits of $5,980. Aarp tax help On line 20b, he enters his taxable benefits of $2,990. Aarp tax help Example 2. Aarp tax help Ray and Alice Hopkins file a joint return on Form 1040A for 2013. Aarp tax help Ray is retired and received a fully taxable pension of $15,500. Aarp tax help He also received social security benefits, and his Form SSA-1099 for 2013 shows net benefits of $5,600 in box 5. Aarp tax help Alice worked during the year and had wages of $14,000. Aarp tax help She made a deductible payment to her IRA account of $1,000. Aarp tax help Ray and Alice have two savings accounts with a total of $250 in taxable interest income. Aarp tax help They complete Worksheet 1, entering $29,750 ($15,500 + $14,000 + $250) on line 3. Aarp tax help They find none of Ray's social security benefits are taxable. Aarp tax help On Form 1040A, they enter $5,600 on line 14a and -0- on line 14b. Aarp tax help Filled-in Worksheet 1. Aarp tax help Figuring Your Taxable Benefits 1. Aarp tax help Enter the total amount from box 5 of ALL your Forms SSA-1099 and RRB-1099. Aarp tax help Also enter this amount on Form 1040, line 20a, or Form 1040A, line 14a $5,600 2. Aarp tax help Enter one-half of line 1 2,800 3. Aarp tax help Combine the amounts from:     Form 1040: Lines 7, 8a, 9a, 10 through 14, 15b, 16b, 17 through 19, and 21. Aarp tax help     Form 1040A: Lines 7, 8a, 9a, 10, 11b, 12b, and 13 29,750 4. Aarp tax help Enter the amount, if any, from Form 1040 or 1040A, line 8b -0-       5. Aarp tax help Enter the total of any exclusions/adjustments for: Adoption benefits (Form 8839, line 28), Foreign earned income or housing (Form 2555, lines 45 and 50, or Form 2555-EZ, line 18), and Certain income of bona fide residents of American Samoa (Form 4563, line 15) or Puerto Rico -0-       6. Aarp tax help Combine lines 2, 3, 4, and 5 32,550 7. Aarp tax help Form 1040 filers: Enter the amount from Form 1040, lines 23 through 32, and any write-in adjustments you entered on the dotted line next to line 36. Aarp tax help     Form 1040A filers: Enter the amount from Form 1040A, lines 16 and 17 1,000 8. Aarp tax help Is the amount on line 7 less than the amount on line 6?     No. Aarp tax help None of your social security benefits are taxable. Aarp tax help Enter -0- on Form 1040, line 20b, or Form 1040A, line 14b. Aarp tax help   Yes. Aarp tax help Subtract line 7 from line 6 31,550 9. Aarp tax help If you are: Married filing jointly, enter $32,000 Single, head of household, qualifying widow(er), or married filing separately and you lived apart from your spouse for all of 2013, enter $25,000 32,000   Note. Aarp tax help If you are married filing separately and you lived with your spouse at any time in 2013, skip lines 9 through 16; multiply line 8 by 85% (. Aarp tax help 85) and enter the result on line 17. Aarp tax help Then go to line 18. Aarp tax help   10. Aarp tax help Is the amount on line 9 less than the amount on line 8?     No. Aarp tax help None of your benefits are taxable. Aarp tax help Enter -0- on Form 1040, line 20b, or on Form 1040A, line 14b. Aarp tax help If you are married filing separately and you lived apart from your spouse for all of 2013, be sure you entered “D” to the right of the word “benefits” on Form 1040, line 20a, or on Form 1040A, line 14a. Aarp tax help     Yes. Aarp tax help Subtract line 9 from line 8   11. Aarp tax help Enter $12,000 if married filing jointly; $9,000 if single, head of household, qualifying widow(er), or married filing separately and you lived apart from your spouse for all of 2013   12. Aarp tax help Subtract line 11 from line 10. Aarp tax help If zero or less, enter -0-   13. Aarp tax help Enter the smaller of line 10 or line 11   14. Aarp tax help Enter one-half of line 13   15. Aarp tax help Enter the smaller of line 2 or line 14   16. Aarp tax help Multiply line 12 by 85% (. Aarp tax help 85). Aarp tax help If line 12 is zero, enter -0-   17. Aarp tax help Add lines 15 and 16   18. Aarp tax help Multiply line 1 by 85% (. Aarp tax help 85)   19. Aarp tax help Taxable benefits. Aarp tax help Enter the smaller of line 17 or line 18. Aarp tax help Also enter this amount on Form 1040, line 20b, or Form 1040A, line 14b   Example 3. Aarp tax help Joe and Betty Johnson file a joint return on Form 1040 for 2013. Aarp tax help Joe is a retired railroad worker and in 2013 received the social security equivalent benefit (SSEB) portion of tier 1 railroad retirement benefits. Aarp tax help Joe's Form RRB-1099 shows $10,000 in box 5. Aarp tax help Betty is a retired government worker and receives a fully taxable pension of $38,000. Aarp tax help They had $2,300 in taxable interest income plus interest of $200 on a qualified U. Aarp tax help S. Aarp tax help savings bond. Aarp tax help The savings bond interest qualified for the exclusion. Aarp tax help They figure their taxable benefits by completing Worksheet 1. Aarp tax help Because they have qualified U. Aarp tax help S. Aarp tax help savings bond interest, they follow the note at the beginning of the worksheet and use the amount from line 2 of their Schedule B (Form 1040A or 1040) on line 3 of the worksheet instead of the amount from line 8a of their Form 1040. Aarp tax help On line 3 of the worksheet, they enter $40,500 ($38,000 + $2,500). Aarp tax help Filled-in Worksheet 1. Aarp tax help Figuring Your Taxable Benefits Before you begin: • If you are married filing separately and you lived apart from your spouse for all of 2013, enter “D” to the right of the word “benefits” on Form 1040, line 20a, or Form 1040A, line 14a. Aarp tax help • Do not use this worksheet if you repaid benefits in 2013 and your total repayments (box 4 of Forms SSA-1099 and RRB-1099) were more than your gross benefits for 2013 (box 3 of Forms SSA-1099 and RRB-1099). Aarp tax help None of your benefits are taxable for 2013. Aarp tax help For more information, see Repayments More Than Gross Benefits. Aarp tax help • If you are filing Form 8815, Exclusion of Interest From Series EE and I U. Aarp tax help S. Aarp tax help Savings Bonds Issued After 1989, do not include the amount from line 8a of Form 1040 or Form 1040A on line 3 of this worksheet. Aarp tax help Instead, include the amount from Schedule B (Form 1040A or 1040), line 2. Aarp tax help 1. Aarp tax help Enter the total amount from box 5 of ALL your Forms SSA-1099 and RRB-1099. Aarp tax help Also enter this amount on Form 1040, line 20a, or Form 1040A, line 14a $10,000 2. Aarp tax help Enter one-half of line 1 5,000 3. Aarp tax help Combine the amounts from:     Form 1040: Lines 7, 8a, 9a, 10 through 14, 15b, 16b, 17 through 19, and 21. Aarp tax help     Form 1040A: Lines 7, 8a, 9a, 10, 11b, 12b, and 13 40,500 4. Aarp tax help Enter the amount, if any, from Form 1040 or 1040A, line 8b -0-       5. Aarp tax help Enter the total of any exclusions/adjustments for: Adoption benefits (Form 8839, line 28), Foreign earned income or housing (Form 2555, lines 45 and 50, or Form 2555-EZ, line 18), and Certain income of bona fide residents of American Samoa (Form 4563, line 15) or Puerto Rico -0-       6. Aarp tax help Combine lines 2, 3, 4, and 5 45,500 7. Aarp tax help Form 1040 filers: Enter the amount from Form 1040, lines 23 through 32, and any write-in adjustments you entered on the dotted line next to line 36. Aarp tax help     Form 1040A filers: Enter the amount from Form 1040A, lines 16 and 17 -0- 8. Aarp tax help Is the amount on line 7 less than the amount on line 6?     No. Aarp tax help None of your social security benefits are taxable. Aarp tax help Enter -0- on Form 1040, line 20b, or Form 1040A, line 14b. Aarp tax help   Yes. Aarp tax help Subtract line 7 from line 6 45,500 9. Aarp tax help If you are: Married filing jointly, enter $32,000 Single, head of household, qualifying widow(er), or married filing separately and you lived apart from your spouse for all of 2013, enter $25,000 32,000   Note. Aarp tax help If you are married filing separately and you lived with your spouse at any time in 2013, skip lines 9 through 16; multiply line 8 by 85% (. Aarp tax help 85) and enter the result on line 17. Aarp tax help Then go to line 18. Aarp tax help   10. Aarp tax help Is the amount on line 9 less than the amount on line 8?     No. Aarp tax help None of your benefits are taxable. Aarp tax help Enter -0- on Form 1040, line 20b, or on Form 1040A, line 14b. Aarp tax help If you are married filing separately and you lived apart from your spouse for all of 2013, be sure you entered “D” to the right of the word “benefits” on Form 1040, line 20a, or on Form 1040A, line 14a. Aarp tax help     Yes. Aarp tax help Subtract line 9 from line 8 13,500 11. Aarp tax help Enter $12,000 if married filing jointly; $9,000 if single, head of household, qualifying widow(er), or married filing separately and you lived apart from your spouse for all of 2013 12,000 12. Aarp tax help Subtract line 11 from line 10. Aarp tax help If zero or less, enter -0- 1,500 13. Aarp tax help Enter the smaller of line 10 or line 11 12,000 14. Aarp tax help Enter one-half of line 13 6,000 15. Aarp tax help Enter the smaller of line 2 or line 14 5,000 16. Aarp tax help Multiply line 12 by 85% (. Aarp tax help 85). Aarp tax help If line 12 is zero, enter -0- 1,275 17. Aarp tax help Add lines 15 and 16 6,275 18. Aarp tax help Multiply line 1 by 85% (. Aarp tax help 85) 8,500 19. Aarp tax help Taxable benefits. Aarp tax help Enter the smaller of line 17 or line 18. Aarp tax help Also enter this amount on Form 1040, line 20b, or Form 1040A, line 14b $6,275 More than 50% of Joe's net benefits are taxable because the income on line 8 of the worksheet ($45,500) is more than $44,000. Aarp tax help Joe and Betty enter $10,000 on Form 1040, line 20a, and $6,275 on Form 1040, line 20b. Aarp tax help Deductions Related to Your Benefits You may be entitled to deduct certain amounts related to the benefits you receive. Aarp tax help Disability payments. Aarp tax help   You may have received disability payments from your employer or an insurance company that you included as income on your tax return in an earlier year. Aarp tax help If you received a lump-sum payment from SSA or RRB, and you had to repay the employer or insurance company for the disability payments, you can take an itemized deduction for the part of the payments you included in gross income in the earlier year. Aarp tax help If the amount you repay is more than $3,000, you may be able to claim a tax credit instead. Aarp tax help Claim the deduction or credit in the same way explained under Repayments More Than Gross Benefits , later. Aarp tax help Legal expenses. Aarp tax help   You can usually deduct legal expenses that you pay or incur to produce or collect taxable income or in connection with the determination, collection, or refund of any tax. Aarp tax help   Legal expenses for collecting the taxable part of your benefits are deductible as a miscellaneous itemized deduction on Schedule A (Form 1040), line 23. Aarp tax help Repayments More Than Gross Benefits In some situations, your Form SSA-1099 or Form RRB-1099 will show that the total benefits you repaid (box 4) are more than the gross benefits (box 3) you received. Aarp tax help If this occurred, your net benefits in box 5 will be a negative figure (a figure in parentheses) and none of your benefits will be taxable. Aarp tax help Do not use a worksheet in this case. Aarp tax help If you receive more than one form, a negative figure in box 5 of one form is used to offset a positive figure in box 5 of another form for that same year. Aarp tax help If you have any questions about this negative figure, contact your local SSA office or your local RRB field office. Aarp tax help Joint return. Aarp tax help   If you and your spouse file a joint return, and your Form SSA-1099 or RRB-1099 has a negative figure in box 5, but your spouse's does not, subtract the amount in box 5 of your form from the amount in box 5 of your spouse's form. Aarp tax help You do this to get your net benefits when figuring if your combined benefits are taxable. Aarp tax help Example. Aarp tax help John and Mary file a joint return for 2013. Aarp tax help John received Form SSA-1099 showing $3,000 in box 5. Aarp tax help Mary also received Form SSA-1099 and the amount in box 5 was ($500). Aarp tax help John and Mary will use $2,500 ($3,000 minus $500) as the amount of their net benefits when figuring if any of their combined benefits are taxable. Aarp tax help Repayment of benefits received in an earlier year. Aarp tax help   If the total amount shown in box 5 of all of your Forms SSA-1099 and RRB-1099 is a negative figure, you can take an itemized deduction for the part of this negative figure that represents benefits you included in gross income in an earlier year. Aarp tax help Deduction $3,000 or less. Aarp tax help   If this deduction is $3,000 or less, it is subject to the 2%-of-adjusted-gross-income limit that applies to certain miscellaneous itemized deductions. Aarp tax help Claim it on Schedule A (Form 1040), line 23. Aarp tax help Deduction more than $3,000. Aarp tax help    If this deduction is more than $3,000, you should figure your tax two ways: Figure your tax for 2013 with the itemized deduction included on Schedule A, line 28. Aarp tax help Figure your tax for 2013 in the following steps. Aarp tax help Figure the tax without the itemized deduction included on Schedule A, line 28. Aarp tax help For each year after 1983 for which part of the negative figure represents a repayment of benefits, refigure your taxable benefits as if your total benefits for the year were reduced by that part of the negative figure. Aarp tax help Then refigure the tax for that year. Aarp tax help Subtract the total of the refigured tax amounts in (b) from the total of your actual tax amounts. Aarp tax help Subtract the result in (c) from the result in (a). Aarp tax help Compare the tax figured in methods (1) and (2). Aarp tax help Your tax for 2013 is the smaller of the two amounts. Aarp tax help If method (1) results in less tax, take the itemized deduction on Schedule A (Form 1040), line 28. Aarp tax help If method (2) results in less tax, claim a credit for the amount from step 2(c) above on Form 1040, line 71. Aarp tax help Check box d and enter “I. Aarp tax help R. Aarp tax help C. Aarp tax help 1341” in the space next to that box. Aarp tax help If both methods produce the same tax, deduct the repayment on Schedule A (Form 1040), line 28. Aarp tax help Prev  Up  Next   Home   More Online Publications
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The Aarp Tax Help

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