File your Taxes for Free!
  • Get your maximum refund*
  • 100% accurate calculations guaranteed*

TurboTax Federal Free Edition - File Taxes Online

Don't let filing your taxes get you down! We'll help make it as easy as possible. With e-file and direct deposit, there's no faster way to get your refund!

Approved TurboTax Affiliate Site. TurboTax and TurboTax Online, among others, are registered trademarks and/or service marks of Intuit Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of the respective owners.


© 2012 - 2018 All rights reserved.

This is an Approved TurboTax Affiliate site. TurboTax and TurboTax Online, among other are registered trademarks and/or service marks of Intuit, Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of the respective owners.
When discussing "Free e-file", note that state e-file is an additional fee. E-file fees do not apply to New York state returns. Prices are subject to change without notice. E-file and get your refund faster
*If you pay an IRS or state penalty or interest because of a TurboTax calculations error, we'll pay you the penalty and interest.
*Maximum Refund Guarantee - or Your Money Back: If you get a larger refund or smaller tax due from another tax preparation method, we'll refund the applicable TurboTax federal and/or state purchase price paid. TurboTax Federal Free Edition customers are entitled to payment of $14.99 and a refund of your state purchase price paid. Claims must be submitted within sixty (60) days of your TurboTax filing date and no later than 6/15/14. E-file, Audit Defense, Professional Review, Refund Transfer and technical support fees are excluded. This guarantee cannot be combined with the TurboTax Satisfaction (Easy) Guarantee. *We're so confident your return will be done right, we guarantee it. Accurate calculations guaranteed. If you pay an IRS or state penalty or interest because of a TurboTax calculations error, we'll pay you the penalty and interest.
https://turbotax.intuit.com/corp/guarantees.jsp

E File Tax Returns

2011 Tax FormsIncome Tax Amendment FormHow Do I File 2011 Tax ReturnWhere Can I File My State Taxes For FreeHow Do I File My State Taxes For FreeRi 1040nrHow To File 2011 Taxes Online For FreeFree Federal And State TaxFile 1040x Online Free10 Ez FormMy Free Tax.comHow To Amend A Tax Return Using TurbotaxFile 2012 Taxes OnlineTurbotax 2012 Tax ReturnH & R Block Online TaxesFree E FileI Need The 1040x FormAmended Return Instructions2011 Free Efile TaxesFile 2012 State Taxes Online FreePa Ez FormForm 1040 EzHow To Fill Out An Amended Tax ReturnTaxact Login Tax Return Taxact Login Page Taxact Sign Page2011 Online Tax SoftwareCan I Efile 2011 TaxesAmend Tax Return 2011Need To File 2011 Taxes Online1040ez Worksheet2008 Tax FormsFree Fillable FormsNavy Federal1040ez Forms 20142010 1040 Form1040 State Tax FormFree Online State Income Tax Filing2009 1040xAmend Federal Tax Return2012 Tax PreparationIrs Tax Return 2011

E File Tax Returns

E file tax returns 3. E file tax returns   Savings Incentive Match Plans for Employees (SIMPLE) Table of Contents Introduction What Is a SIMPLE Plan?Eligible Employees How Are Contributions Made? How Much Can Be Contributed on Your Behalf?Matching contributions less than 3%. E file tax returns Traditional IRA mistakenly moved to SIMPLE IRA. E file tax returns When Can You Withdraw or Use Assets?Are Distributions Taxable? Introduction This chapter is for employees who need information about savings incentive match plans for employees (SIMPLE plans). E file tax returns It explains what a SIMPLE plan is, contributions to a SIMPLE plan, and distributions from a SIMPLE plan. E file tax returns Under a SIMPLE plan, SIMPLE retirement accounts for participating employees can be set up either as: Part of a 401(k) plan, or A plan using IRAs (SIMPLE IRA). E file tax returns This chapter only discusses the SIMPLE plan rules that relate to SIMPLE IRAs. E file tax returns See chapter 3 of Publication 560 for information on any special rules for SIMPLE plans that do not use IRAs. E file tax returns If your employer maintains a SIMPLE plan, you must be notified, in writing, that you can choose the financial institution that will serve as trustee for your SIMPLE IRA and that you can roll over or transfer your SIMPLE IRA to another financial institution. E file tax returns See Rollovers and Transfers Exception, later under When Can You Withdraw or Use Assets. E file tax returns What Is a SIMPLE Plan? A SIMPLE plan is a tax-favored retirement plan that certain small employers (including self-employed individuals) can set up for the benefit of their employees. E file tax returns See chapter 3 of Publication 560 for information on the requirements employers must satisfy to set up a SIMPLE plan. E file tax returns A SIMPLE plan is a written agreement (salary reduction agreement) between you and your employer that allows you, if you are an eligible employee (including a self-employed individual), to choose to: Reduce your compensation (salary) by a certain percentage each pay period, and Have your employer contribute the salary reductions to a SIMPLE IRA on your behalf. E file tax returns These contributions are called salary reduction contributions. E file tax returns All contributions under a SIMPLE IRA plan must be made to SIMPLE IRAs, not to any other type of IRA. E file tax returns The SIMPLE IRA can be an individual retirement account or an individual retirement annuity, described in chapter 1. E file tax returns Contributions are made on behalf of eligible employees. E file tax returns (See Eligible Employees below. E file tax returns ) Contributions are also subject to various limits. E file tax returns (See How Much Can Be Contributed on Your Behalf , later. E file tax returns ) In addition to salary reduction contributions, your employer must make either matching contributions or nonelective contributions. E file tax returns See How Are Contributions Made , later. E file tax returns You may be able to claim a credit for contributions to your SIMPLE plan. E file tax returns For more information, see chapter 4. E file tax returns Eligible Employees You must be allowed to participate in your employer's SIMPLE plan if you: Received at least $5,000 in compensation from your employer during any 2 years prior to the current year, and Are reasonably expected to receive at least $5,000 in compensation during the calendar year for which contributions are made. E file tax returns Self-employed individual. E file tax returns   For SIMPLE plan purposes, the term employee includes a self-employed individual who received earned income. E file tax returns Excludable employees. E file tax returns   Your employer can exclude the following employees from participating in the SIMPLE plan. E file tax returns Employees whose retirement benefits are covered by a collective bargaining agreement (union contract). E file tax returns Employees who are nonresident aliens and received no earned income from sources within the United States. E file tax returns Employees who would not have been eligible employees if an acquisition, disposition, or similar transaction had not occurred during the year. E file tax returns Compensation. E file tax returns   For purposes of the SIMPLE plan rules, your compensation for a year generally includes the following amounts. E file tax returns Wages, tips, and other pay from your employer that is subject to income tax withholding. E file tax returns Deferred amounts elected under any 401(k) plans, 403(b) plans, government (section 457) plans, SEP plans, and SIMPLE plans. E file tax returns Self-employed individual compensation. E file tax returns   For purposes of the SIMPLE plan rules, if you are self-employed, your compensation for a year is your net earnings from self-employment (Schedule SE (Form 1040), Section A, line 4, or Section B, line 6) before subtracting any contributions made to a SIMPLE IRA on your behalf. E file tax returns   For these purposes, net earnings from self-employment include services performed while claiming exemption from self-employment tax as a member of a group conscientiously opposed to social security benefits. E file tax returns How Are Contributions Made? Contributions under a salary reduction agreement are called salary reduction contributions. E file tax returns They are made on your behalf by your employer. E file tax returns Your employer must also make either matching contributions or nonelective contributions. E file tax returns Salary reduction contributions. E file tax returns   During the 60-day period before the beginning of any year, and during the 60-day period before you are eligible, you can choose salary reduction contributions expressed either as a percentage of compensation, or as a specific dollar amount (if your employer offers this choice). E file tax returns You can choose to cancel the election at any time during the year. E file tax returns   Salary reduction contributions are also referred to as “elective deferrals. E file tax returns ”   Your employer cannot place restrictions on the contributions amount (such as by limiting the contributions percentage), except to comply with the salary reduction contributions limit, discussed under How Much Can Be Contributed on Your Behalf, later. E file tax returns Matching contributions. E file tax returns   Unless your employer chooses to make nonelective contributions, your employer must make contributions equal to the salary reduction contributions you choose (elect), but only up to certain limits. E file tax returns See How Much Can Be Contributed on Your Behalf below. E file tax returns These contributions are in addition to the salary reduction contributions and must be made to the SIMPLE IRAs of all eligible employees (defined earlier) who chose salary reductions. E file tax returns These contributions are referred to as matching contributions. E file tax returns   Matching contributions on behalf of a self-employed individual are not treated as salary reduction contributions. E file tax returns Nonelective contributions. E file tax returns   Instead of making matching contributions, your employer may be able to choose to make nonelective contributions on behalf of all eligible employees. E file tax returns These nonelective contributions must be made on behalf of each eligible employee who has at least $5,000 of compensation from your employer, whether or not the employee chose salary reductions. E file tax returns   One of the requirements your employer must satisfy is notifying the employees that the election was made. E file tax returns For other requirements that your employer must satisfy, see chapter 3 of Publication 560. E file tax returns How Much Can Be Contributed on Your Behalf? The limits on contributions to a SIMPLE IRA vary with the type of contribution that is made. E file tax returns Salary reduction contributions limit. E file tax returns   Salary reduction contributions (employee-chosen contributions or elective deferrals) that your employer can make on your behalf under a SIMPLE plan are limited to $12,000 for 2013. E file tax returns The limitation remains at $12,000 for 2014. E file tax returns If you are a participant in any other employer plans during 2013 and you have elective salary reductions or deferred compensation under those plans, the salary reduction contributions under the SIMPLE plan also are included in the annual limit of $17,500 for 2013 on exclusions of salary reductions and other elective deferrals. E file tax returns You, not your employer, are responsible for monitoring compliance with these limits. E file tax returns Additional elective deferrals can be contributed to your SIMPLE plan if: You reached age 50 by the end of 2013, and No other elective deferrals can be made for you to the plan for the year because of limits or restrictions, such as the regular annual limit. E file tax returns The most that can be contributed in additional elective deferrals to your SIMPLE plan is the lesser of the following two amounts. E file tax returns $2,500 for 2013, or Your compensation for the year reduced by your other elective deferrals for the year. E file tax returns The additional deferrals are not subject to any other contribution limit and are not taken into account in applying other contribution limits. E file tax returns The additional deferrals are not subject to the nondiscrimination rules as long as all eligible participants are allowed to make them. E file tax returns Matching employer contributions limit. E file tax returns   Generally, your employer must make matching contributions to your SIMPLE IRA in an amount equal to your salary reduction contributions. E file tax returns These matching contributions cannot be more than 3% of your compensation for the calendar year. E file tax returns See Matching contributions less than 3% below. E file tax returns Example 1. E file tax returns In 2013, Joshua was a participant in his employer's SIMPLE plan. E file tax returns His compensation, before SIMPLE plan contributions, was $41,600 ($800 per week). E file tax returns Instead of taking it all in cash, Joshua elected to have 12. E file tax returns 5% of his weekly pay ($100) contributed to his SIMPLE IRA. E file tax returns For the full year, Joshua's salary reduction contributions were $5,200, which is less than the $12,000 limit on these contributions. E file tax returns Under the plan, Joshua's employer was required to make matching contributions to Joshua's SIMPLE IRA. E file tax returns Because his employer's matching contributions must equal Joshua's salary reductions, but cannot be more than 3% of his compensation (before salary reductions) for the year, his employer's matching contribution was limited to $1,248 (3% of $41,600). E file tax returns Example 2. E file tax returns Assume the same facts as in Example 1 , except that Joshua's compensation for the year was $408,163 and he chose to have 2. E file tax returns 94% of his weekly pay contributed to his SIMPLE IRA. E file tax returns In this example, Joshua's salary reduction contributions for the year (2. E file tax returns 94% × $408,163) were equal to the 2013 limit for salary reduction contributions ($12,000). E file tax returns Because 3% of Joshua's compensation ($12,245) is more than the amount his employer was required to match ($12,000), his employer's matching contributions were limited to $12,000. E file tax returns In this example, total contributions made on Joshua's behalf for the year were $24,000 ($12,000 (Joshua's contributions) + $12,000 (matching contributions)), the maximum contributions permitted under a SIMPLE IRA for 2013. E file tax returns Matching contributions less than 3%. E file tax returns   Your employer can reduce the 3% limit on matching contributions for a calendar year, but only if: The limit is not reduced below 1%, The limit is not reduced for more than 2 years out of the 5-year period that ends with (and includes) the year for which the election is effective, and Employees are notified of the reduced limit within a reasonable period of time before the 60-day election period during which they can enter into salary reduction agreements. E file tax returns   For purposes of applying the rule in item (2) in determining whether the limit was reduced below 3% for the year, any year before the first year in which your employer (or a former employer) maintains a SIMPLE IRA plan will be treated as a year for which the limit was 3%. E file tax returns If your employer chooses to make nonelective contributions for a year, that year also will be treated as a year for which the limit was 3%. E file tax returns Nonelective employer contributions limit. E file tax returns   If your employer chooses to make nonelective contributions, instead of matching contributions, to each eligible employee's SIMPLE IRA, contributions must be 2% of your compensation for the entire year. E file tax returns For 2013, only $255,000 of your compensation can be taken into account to figure the contribution limit. E file tax returns   Your employer can substitute the 2% nonelective contribution for the matching contribution for a year if both of the following requirements are met. E file tax returns Eligible employees are notified that a 2% nonelective contribution will be made instead of a matching contribution. E file tax returns This notice is provided within a reasonable period during which employees can enter into salary reduction agreements. E file tax returns Example 3. E file tax returns Assume the same facts as in Example 2 , except that Joshua's employer chose to make nonelective contributions instead of matching contributions. E file tax returns Because his employer's nonelective contributions are limited to 2% of up to $255,000 of Joshua's compensation, his employer's contribution to Joshua's SIMPLE IRA was limited to $5,100. E file tax returns In this example, total contributions made on Joshua's behalf for the year were $17,100 (Joshua's salary reductions of $12,000 plus his employer's contribution of $5,100). E file tax returns Traditional IRA mistakenly moved to SIMPLE IRA. E file tax returns   If you mistakenly roll over or transfer an amount from a traditional IRA to a SIMPLE IRA, you can later recharacterize the amount as a contribution to another traditional IRA. E file tax returns For more information, see Recharacterizations in chapter 1. E file tax returns Recharacterizing employer contributions. E file tax returns   You cannot recharacterize employer contributions (including elective deferrals) under a SEP or SIMPLE plan as contributions to another IRA. E file tax returns SEPs are discussed in chapter 2 of Publication 560. E file tax returns SIMPLE plans are discussed in this chapter. E file tax returns Converting from a SIMPLE IRA. E file tax returns   Generally, you can convert an amount in your SIMPLE IRA to a Roth IRA under the same rules explained in chapter 1 under Converting From Any Traditional IRA Into a Roth IRA . E file tax returns    However, you cannot convert any amount distributed from the SIMPLE IRA during the 2-year period beginning on the date you first participated in any SIMPLE IRA plan maintained by your employer. E file tax returns When Can You Withdraw or Use Assets? Generally, the same distribution (withdrawal) rules that apply to traditional IRAs apply to SIMPLE IRAs. E file tax returns These rules are discussed in chapter 1. E file tax returns Your employer cannot restrict you from taking distributions from a SIMPLE IRA. E file tax returns Are Distributions Taxable? Generally, distributions from a SIMPLE IRA are fully taxable as ordinary income. E file tax returns If the distribution is an early distribution (discussed in chapter 1), it may be subject to the additional tax on early distributions. E file tax returns See Additional Tax on Early Distributions, later. E file tax returns Rollovers and Transfers Exception Generally, rollovers and trustee-to-trustee transfers are not taxable distributions. E file tax returns Two-year rule. E file tax returns   To qualify as a tax-free rollover (or a tax-free trustee-to-trustee transfer), a rollover distribution (or a transfer) made from a SIMPLE IRA during the 2-year period beginning on the date on which you first participated in your employer's SIMPLE plan must be contributed (or transferred) to another SIMPLE IRA. E file tax returns The 2-year period begins on the first day on which contributions made by your employer are deposited in your SIMPLE IRA. E file tax returns   After the 2-year period, amounts in a SIMPLE IRA can be rolled over or transferred tax free to an IRA other than a SIMPLE IRA, or to a qualified plan, a tax-sheltered annuity plan (section 403(b) plan), or deferred compensation plan of a state or local government (section 457 plan). E file tax returns Additional Tax on Early Distributions The additional tax on early distributions (discussed in chapter 1) applies to SIMPLE IRAs. E file tax returns If a distribution is an early distribution and occurs during the 2-year period following the date on which you first participated in your employer's SIMPLE plan, the additional tax on early distributions is increased from 10% to 25%. E file tax returns If a rollover distribution (or transfer) from a SIMPLE IRA does not satisfy the 2-year rule, and is otherwise an early distribution, the additional tax imposed because of the early distribution is increased from 10% to 25% of the amount distributed. E file tax returns Prev  Up  Next   Home   More Online Publications
Español

National Reconnaissance Office

The National Reconnaissance Office is responsible for designing, building, launching, and maintaining intelligence satellites.

Contact the Agency or Department

Website: National Reconnaissance Office

Address: 14675 Lee Rd
Chantilly, VA 20151-1715

Phone Number: (703) 808-1198

The E File Tax Returns

E file tax returns Publication 514 - Additional Material Prev  Up  Next   Home   More Online Publications