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File taxes for 2012 free Publication 972 - Main Content Table of Contents Child Tax CreditQualifying Child Limits on the Credit Claiming the Credit Earned Income Additional Child Tax Credit How To Get Tax HelpLow Income Taxpayer Clinics Child Tax Credit This credit is for people who have a qualifying child as defined later. File taxes for 2012 free It is in addition to the credit for child and dependent care expenses (on Form 1040, line 48; Form 1040A, line 29; or Form 1040NR, line 46) and the earned income credit (on Form 1040, line 64a; or Form 1040A, line 38a). File taxes for 2012 free The maximum amount you can claim for the credit is $1,000 for each qualifying child. File taxes for 2012 free Qualifying Child A qualifying child for purposes of the child tax credit is a child who: Is your son, daughter, stepchild, foster child, brother, sister, stepbrother, stepsister, or a descendant of any of them (for example, your grandchild, niece, or nephew), Was under age 17 at the end of 2013, Did not provide over half of his or her own support for 2013, Lived with you for more than half of 2013 (see Exceptions to time lived with you , later), Is claimed as a dependent on your return, Does not file a joint return for the year (or files it only as a claim for refund), and Was a U. File taxes for 2012 free S. File taxes for 2012 free citizen, a U. File taxes for 2012 free S. File taxes for 2012 free national, or a U. File taxes for 2012 free S. File taxes for 2012 free resident alien. File taxes for 2012 free For more information, see Publication 519, U. File taxes for 2012 free S. File taxes for 2012 free Tax Guide for Aliens. File taxes for 2012 free If the child was adopted, see Adopted child , later. File taxes for 2012 free For each qualifying child, you must either check the box on Form 1040 or Form 1040A, line 6c, column (4); or Form 1040NR, line 7c, column (4). File taxes for 2012 free Example. File taxes for 2012 free Your 10-year-old nephew lives in Mexico and qualifies as your dependent. File taxes for 2012 free Because he is not a U. File taxes for 2012 free S. File taxes for 2012 free citizen, U. File taxes for 2012 free S. File taxes for 2012 free national, or U. File taxes for 2012 free S. File taxes for 2012 free resident alien, he is not a qualifying child for the child tax credit. File taxes for 2012 free Filers who have certain child dependents with an IRS Individual Taxpayer Identification Number (ITIN). File taxes for 2012 free   If you are claiming a child tax credit or additional child tax credit for a child identified on your tax return with an ITIN, you must complete Part I of Schedule 8812 (Form 1040A or 1040). File taxes for 2012 free   Although a child may be your dependent, you may only claim a child tax credit or additional child tax credit for a dependent who is a citizen, national, or resident of the United States. File taxes for 2012 free To be treated as a resident of the United States, a child generally will need to meet the requirements of the substantial presence test. File taxes for 2012 free For more information about the substantial presence test, see Publication 519, U. File taxes for 2012 free S. File taxes for 2012 free Tax Guide for Aliens. File taxes for 2012 free Adopted child. File taxes for 2012 free   An adopted child is always treated as your own child. File taxes for 2012 free An adopted child includes a child lawfully placed with you for legal adoption. File taxes for 2012 free   If you are a U. File taxes for 2012 free S. File taxes for 2012 free citizen or U. File taxes for 2012 free S. File taxes for 2012 free national and your adopted child lived with you all year as a member of your household in 2013, that child meets condition (7) above to be a qualifying child for the child tax credit. File taxes for 2012 free Exceptions to time lived with you. File taxes for 2012 free    A child is considered to have lived with you for more than half of 2013 if the child was born or died in 2013 and your home was this child's home for more than half the time he or she was alive. File taxes for 2012 free Temporary absences by you or the child for special circumstances, such as school, vacation, business, medical care, military service, or detention in a juvenile facility, count as time the child lived with you. File taxes for 2012 free   There are also exceptions for kidnapped children and children of divorced or separated parents. File taxes for 2012 free For details, see the instructions for line 6c in either the Form 1040 or Form 1040A instructions. File taxes for 2012 free Qualifying child of more than one person. File taxes for 2012 free   A special rule applies if your qualifying child is the qualifying child of more than one person. File taxes for 2012 free For details, see the instructions for line 6c in either the Form 1040 or Form 1040A instructions. File taxes for 2012 free Limits on the Credit You must reduce your child tax credit if either (1) or (2) applies. File taxes for 2012 free The amount on Form 1040, line 46; Form 1040A, line 28; or Form 1040NR, line 44, is less than the credit. File taxes for 2012 free If this amount is zero, you cannot take this credit because there is no tax to reduce. File taxes for 2012 free But you may be able to take the additional child tax credit. File taxes for 2012 free See Additional Child Tax Credit, later. File taxes for 2012 free Your modified adjusted gross income (AGI) is more than the amount shown below for your filing status. File taxes for 2012 free Married filing jointly – $110,000. File taxes for 2012 free Single, head of household, or qualifying widow(er) – $75,000. File taxes for 2012 free Married filing separately – $55,000. File taxes for 2012 free Modified AGI. File taxes for 2012 free   For purposes of the child tax credit, your modified AGI is your AGI plus the following amounts that may apply to you. File taxes for 2012 free Any amount excluded from income because of the exclusion of income from Puerto Rico. File taxes for 2012 free On the dotted line next to Form 1040, line 38, enter the amount excluded and identify it as “EPRI. File taxes for 2012 free ” Also attach a copy of any Form(s) 499R-2/W-2PR to your return. File taxes for 2012 free Any amount on line 45 or line 50 of Form 2555, Foreign Earned Income. File taxes for 2012 free Any amount on line 18 of Form 2555-EZ, Foreign Earned Income Exclusion. File taxes for 2012 free Any amount on line 15 of Form 4563, Exclusion of Income for Bona Fide Residents of American Samoa. File taxes for 2012 free   If you do not have any of the above, your modified AGI is the same as your AGI. File taxes for 2012 free AGI. File taxes for 2012 free   Your AGI is the amount on Form 1040, line 38; Form 1040A, line 22; or Form 1040NR, line 37. File taxes for 2012 free Claiming the Credit To claim the child tax credit, you must file Form 1040, Form 1040A, or Form 1040NR. File taxes for 2012 free You cannot claim the child tax credit on Form 1040EZ or Form 1040NR-EZ. File taxes for 2012 free You must provide the name and identification number (usually a social security number) on your tax return for each qualifying child. File taxes for 2012 free Earned Income You will need to figure your earned income using one of the worksheets that appear later in this publication if you are completing the Line 11 Worksheet , later, or Schedule 8812. File taxes for 2012 free Form 1040 or Form 1040NR filers, use the 1040 and 1040NR Filers — Earned Income Worksheet , later, to figure your earned income. File taxes for 2012 free Form 1040A filers, use the 1040A Filers —- Earned Income Worksheet , later. File taxes for 2012 free For this purpose, earned income includes only: Taxable earned income, and Nontaxable combat pay. File taxes for 2012 free Additional Child Tax Credit This credit is for certain individuals who get less than the full amount of the child tax credit. File taxes for 2012 free The additional child tax credit may give you a refund even if you do not owe any tax. File taxes for 2012 free How to claim the additional child tax credit. File taxes for 2012 free   To claim the additional child tax credit, follow the steps below. File taxes for 2012 free Make sure you figured the amount, if any, of your child tax credit. File taxes for 2012 free If you answered “Yes” on line 9 or line 10 of the Child Tax Credit Worksheet in the Form 1040, Form 1040A, or Form 1040NR instructions (or on line 13 of the Child Tax Credit Worksheet in this publication), use Parts II through IV of Schedule 8812 to see if you can take the additional child tax credit. File taxes for 2012 free If you have an additional child tax credit on line 13 of Schedule 8812, carry it to Form 1040, line 65; Form 1040A, line 39; or Form 1040NR, line 63. File taxes for 2012 free Child Tax Credit Worksheet This image is too large to be displayed in the current screen. File taxes for 2012 free Please click the link to view the image. File taxes for 2012 free Child tax worksheet - page 1. File taxes for 2012 free Child Tax Credit Worksheet—Continued This image is too large to be displayed in the current screen. File taxes for 2012 free Please click the link to view the image. File taxes for 2012 free Child tax worksheet - page 2. File taxes for 2012 free Line 11 Worksheet This image is too large to be displayed in the current screen. File taxes for 2012 free Please click the link to view the image. File taxes for 2012 free Line 11 worksheet - page 1. File taxes for 2012 free Line 11 Worksheet—Continued This image is too large to be displayed in the current screen. File taxes for 2012 free Please click the link to view the image. File taxes for 2012 free Line 11 worksheet - page 2. File taxes for 2012 free 1040 and 1040NR Filers — Earned Income Worksheet (for line 2 of the Line 11 Worksheet or line 4a of Schedule 8812, Child Tax Credit) Before you begin:    ✓Use this worksheet only if you were sent here from the Line 11 Worksheet earlier in this publication or line  4a of Schedule 8812, Child Tax Credit. File taxes for 2012 free  ✓Disregard community property laws when figuring the amounts to enter on this worksheet. File taxes for 2012 free  ✓If married filing jointly, include your spouse's amounts with yours when completing this worksheet. File taxes for 2012 free     1. File taxes for 2012 free a. File taxes for 2012 free Enter the amount from Form 1040, line 7, or Form 1040NR, line 8 1a. File taxes for 2012 free     b. File taxes for 2012 free Enter the amount of any nontaxable combat pay received. File taxes for 2012 free Also enter this amount on Schedule 8812, line 4b. File taxes for 2012 free This amount should be shown in Form(s) W-2, box 12, with code Q. File taxes for 2012 free 1b. File taxes for 2012 free       Next, if you are filing Schedule C, C-EZ, F, or SE, or you received a Schedule K-1 (Form 1065 or Form 1065-B), go to line 2a. File taxes for 2012 free Otherwise, skip lines 2a through 2e and go to line 3. File taxes for 2012 free     2. File taxes for 2012 free a. File taxes for 2012 free Enter any statutory employee income reported on line 1 of Schedule C or C-EZ 2a. File taxes for 2012 free     b. File taxes for 2012 free Enter any net profit or (loss) from Schedule C, line 31; Schedule C-EZ, line 3; Schedule K-1 (Form 1065), box 14, code A (other than farming); and Schedule K-1 (Form 1065-B), box 9, code J1. File taxes for 2012 free * Reduce any Schedule K-1 amounts as described in the instructions for completing Schedule SE in the Partner's Instructions for Schedule K-1. File taxes for 2012 free Do not include on this line any statutory employee income or any other amounts exempt from self-employment tax. File taxes for 2012 free Options and commodities dealers must add any gain or subtract any loss (in the normal course of dealing in or trading section 1256 contracts) from section 1256 contracts or related property 2b. File taxes for 2012 free     c. File taxes for 2012 free Enter any net farm profit or (loss) from Schedule F, line 34, and from farm partnerships, Schedule K-1 (Form 1065), box 14, code A. File taxes for 2012 free * Reduce any Schedule K-1 amounts as described in the instructions for completing Schedule SE in the Partner's Instructions for Schedule K-1. File taxes for 2012 free Do not include on this line any amounts exempt from self-employment tax 2c. File taxes for 2012 free         d. File taxes for 2012 free If you used the farm optional method to figure net earnings from self-employment, enter the amount from Schedule SE, Section B, line 15. File taxes for 2012 free Otherwise, skip this line and enter on line 2e the amount from line 2c 2d. File taxes for 2012 free         e. File taxes for 2012 free If line 2c is a profit, enter the smaller of line 2c or line 2d. File taxes for 2012 free If line 2c is a (loss), enter the (loss) from line 2c. File taxes for 2012 free 2e. File taxes for 2012 free   3. File taxes for 2012 free Combine lines 1a, 1b, 2a, 2b, and 2e. File taxes for 2012 free If zero or less, stop. File taxes for 2012 free Do not complete the rest of this worksheet. File taxes for 2012 free Instead, enter -0- on line 2 of the Line 11 Worksheet or line 4a of Schedule 8812, whichever applies 3. File taxes for 2012 free   4. File taxes for 2012 free Enter any amount included on line 1a that is:               a. File taxes for 2012 free A scholarship or fellowship grant not reported on Form W-2 4a. File taxes for 2012 free         b. File taxes for 2012 free For work done while an inmate in a penal institution (enter “PRI” and this amount on the dotted line next to line 7 of Form 1040 or line 8 of Form 1040NR) 4b. File taxes for 2012 free         c. File taxes for 2012 free A pension or annuity from a nonqualified deferred compensation plan or a nongovernmental section 457 plan (enter “DFC” and this amount on the dotted line next to line 7 of Form 1040 or line 8 of Form 1040NR). File taxes for 2012 free This amount may be shown in box 11 of your Form W-2. File taxes for 2012 free If you received such an amount but box 11 is blank, contact your employer for the amount received as a pension or annuity. File taxes for 2012 free 4c. File taxes for 2012 free       5. File taxes for 2012 free a. File taxes for 2012 free Enter any amount included on line 3 that is also included on Form 2555, line 43, or Form 2555-EZ, line 18. File taxes for 2012 free Do not include any amount that is also included on line 4a, 4b, or 4c above 5a. File taxes for 2012 free             b. File taxes for 2012 free Enter the portion, if any, of the amount from Form 2555, line 44 that you also included on Schedule E in partnership net income or (loss) or deducted on Form 1040, line 27, or Form 1040NR, line 27; Schedule C; Schedule C-EZ; or Schedule F. File taxes for 2012 free 5b. File taxes for 2012 free             c. File taxes for 2012 free Subtract line 5b from line 5a 5c. File taxes for 2012 free       6. File taxes for 2012 free Enter the amount from Form 1040, line 27, or Form 1040NR, line 27 6. File taxes for 2012 free       7. File taxes for 2012 free Add lines 4a through 4c, 5c, and 6 7. File taxes for 2012 free   8. File taxes for 2012 free Subtract line 7 from line 3 8. File taxes for 2012 free       If you were sent here from the Line 11 Worksheet, enter this amount on line 2 of that worksheet. File taxes for 2012 free If you were sent here from Schedule 8812, enter this amount on line 4a of that form. File taxes for 2012 free     *If you have any Schedule K-1 amounts and you are not required to file Schedule SE, complete the appropriate line(s) of Schedule SE, Section A. File taxes for 2012 free Put your name and social security number on Schedule SE and attach it to your return. File taxes for 2012 free                     1040A Filers — Earned Income Worksheet (for line 2 of the Line 11 Worksheet) Before you begin:   ✓Use this worksheet only if you were sent here from the Line 11 Worksheet earlier in this publication. File taxes for 2012 free  ✓Disregard community property laws when figuring the amounts to enter on this worksheet. File taxes for 2012 free               1. File taxes for 2012 free a. File taxes for 2012 free Enter the amount from Form 1040A, line 7 1a. File taxes for 2012 free         b. File taxes for 2012 free Enter the amount of any nontaxable combat pay received. File taxes for 2012 free Also enter this amount on Schedule 8812, line 4b. File taxes for 2012 free This amount should be shown in Form(s) W-2, box 12, with code Q. File taxes for 2012 free 1b. File taxes for 2012 free         c. File taxes for 2012 free Add lines 1a and 1b. File taxes for 2012 free     1c. File taxes for 2012 free   2. File taxes for 2012 free Enter any amount included on line 1a that is:           a. File taxes for 2012 free A scholarship or fellowship grant not reported on Form W-2 2a. File taxes for 2012 free         b. File taxes for 2012 free For work done while an inmate in a penal institution (enter “PRI” and this amount next to line 7 of Form 1040A) 2b. File taxes for 2012 free         c. File taxes for 2012 free A pension or annuity from a nonqualified deferred compensation plan or a nongovernmental section 457 plan (enter “DFC” and this amount next to line 7 of Form 1040A). File taxes for 2012 free This amount may be shown in box 11 of your Form W-2. File taxes for 2012 free If you received such an amount but box 11 is blank, contact your employer for the amount received as a pension or annuity 2c. File taxes for 2012 free       3. File taxes for 2012 free Add lines 2a through 2c 3. File taxes for 2012 free   4. File taxes for 2012 free Subtract line 3 from line 1c. File taxes for 2012 free Enter the result here and on line 2 of the Line 11 Worksheet 4. File taxes for 2012 free                 Additional Medicare Tax and RRTA Tax Worksheet (for line 6 of the Line 11 Worksheet) If your employer withheld or you paid Additional Medicare Tax or Tier 1 RRTA taxes, use this worksheet to figure the amount to enter on line 6 of the Line 11 Worksheet. File taxes for 2012 free Social security tax, Medicare tax, and Additional Medicare Tax on wages. File taxes for 2012 free 1. File taxes for 2012 free Enter the social security tax withheld (Form(s) W-2, box 4) 1. File taxes for 2012 free   2. File taxes for 2012 free Enter the Medicare tax withheld (Form(s) W-2, box 6). File taxes for 2012 free Box 6 includes any Additional Medicare Tax 2. File taxes for 2012 free   3. File taxes for 2012 free Enter the Additional Medicare Tax, if any, on wages (Form 8959, line 7) 3. File taxes for 2012 free   4. File taxes for 2012 free Add lines 1, 2, and 3 4. File taxes for 2012 free   5. File taxes for 2012 free Enter the Additional Medicare Tax withheld (Form 8959, line 22) 5. File taxes for 2012 free   6. File taxes for 2012 free Subtract line 5 from line 4 6. File taxes for 2012 free   Additional Medicare Tax on Self-Employment Income. File taxes for 2012 free 7. File taxes for 2012 free Enter one-half of the Additional Medicare Tax, if any, on self-employment income (one-half of Form 8959, line 13) 7. File taxes for 2012 free   Tier 1 RRTA taxes as an employee of a railroad (enter amounts on lines 8, 9, 10, and 11) or employee representative (enter amounts on lines 12, 13, 14, and 15). File taxes for 2012 free Do not include amounts in Form W-2, box 14, that are identified as Additional Medicare Tax or Tier 2 tax. File taxes for 2012 free Do not include amounts shown on Form CT-2 on line 3 for Additional Medicare Tax or line 4 for Tier 2 tax. File taxes for 2012 free 8. File taxes for 2012 free Enter the Tier 1 tax (Form(s) W-2, box 14) 8. File taxes for 2012 free   9. File taxes for 2012 free Enter the Medicare tax (Form(s) W-2, box 14) 9. File taxes for 2012 free   10. File taxes for 2012 free Enter the Additional Medicare Tax, if any, on RRTA compensation as an employee (Form 8959, line 17). File taxes for 2012 free Do not use the same amount from Form 8959, line 17, for both this line and line 14 10. File taxes for 2012 free   11. File taxes for 2012 free Add lines 8, 9, and 10 11. File taxes for 2012 free   12. File taxes for 2012 free Enter one-half of Tier 1 tax (one-half of Form(s) CT-2, line 1, for all 4 quarters of 2013) 12. File taxes for 2012 free   13. File taxes for 2012 free Enter one-half of Tier 1 Medicare tax (one-half of Form(s) CT-2, line 2, for all 4 quarters of 2013) 13. File taxes for 2012 free   14. File taxes for 2012 free Enter one-half of the Additional Medicare Tax, if any, on RRTA compensation as an employee representative (one-half of Form 8959, line 17). File taxes for 2012 free Do not use the same amount from Form 8959, line 17, for both this line and line 10 14. File taxes for 2012 free   15. File taxes for 2012 free Add lines 12, 13, and 14 15. File taxes for 2012 free   Line 6 amount 16. File taxes for 2012 free Add lines 6, 7, 11, and 15. File taxes for 2012 free Enter here and on line 6 of the Line 11 Worksheet. File taxes for 2012 free 16. File taxes for 2012 free   Paperwork Reduction Act Notice. File taxes for 2012 free   We ask for the information on the worksheets in this publication to carry out the Internal Revenue laws of the United States. File taxes for 2012 free You are required to give us the information if requested. File taxes for 2012 free We need it to ensure that you are complying with these laws and to allow us to figure and collect the right amount of tax. File taxes for 2012 free   You are not required to provide the information requested on a form (or worksheet in this publication) that is subject to the Paperwork Reduction Act unless the form (or publication) displays a valid OMB control number. File taxes for 2012 free Books or records relating to a form, its instructions, or this publication must be retained as long as their contents may become material in the administration of any Internal Revenue law. File taxes for 2012 free Generally, tax returns and return information are confidential, as required by section 6103. File taxes for 2012 free   The average time and expenses required to complete these worksheets will vary depending on individual circumstances. File taxes for 2012 free For the estimated averages, see the instructions for your income tax return. File taxes for 2012 free   If you have suggestions for making these worksheets simpler, we would be happy to hear from you. File taxes for 2012 free See Comments and suggestions , earlier. File taxes for 2012 free How To Get Tax Help 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. File taxes for 2012 free Free help with your tax return. File taxes for 2012 free   You can get free help preparing your return nationwide from IRS-certified volunteers. File taxes for 2012 free The Volunteer Income Tax Assistance (VITA) program helps low-to-moderate income, elderly, people with disabilities, and limited English proficient taxpayers. File taxes for 2012 free The Tax Counseling for the Elderly (TCE) program helps taxpayers age 60 and older with their tax returns. File taxes for 2012 free 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. File taxes for 2012 free In addition, some VITA and TCE sites provide taxpayers the opportunity to prepare their own return with help from an IRS-certified volunteer. File taxes for 2012 free To find the nearest VITA or TCE site, you can use the VITA Locator Tool on IRS. File taxes for 2012 free gov, download the IRS2Go app, or call 1-800-906-9887. File taxes for 2012 free   As part of the TCE program, AARP offers the Tax-Aide counseling program. File taxes for 2012 free To find the nearest AARP Tax-Aide site, visit AARP's website at www. File taxes for 2012 free aarp. File taxes for 2012 free org/money/taxaide or call 1-888-227-7669. File taxes for 2012 free For more information on these programs, go to IRS. File taxes for 2012 free gov and enter “VITA” in the search box. File taxes for 2012 free Internet. File taxes for 2012 free    IRS. File taxes for 2012 free gov and IRS2Go are ready when you are —24 hours a day, 7 days a week. File taxes for 2012 free Download the free IRS2Go app from the iTunes app store or from Google Play. File taxes for 2012 free 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. File taxes for 2012 free Check the status of your 2013 refund with the Where's My Refund? application on IRS. File taxes for 2012 free gov or download the IRS2Go app and select the Refund Status option. File taxes for 2012 free The IRS issues more than 9 out of 10 refunds in less than 21 days. File taxes for 2012 free 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. File taxes for 2012 free You will also be given a personalized refund date as soon as the IRS processes your tax return and approves your refund. File taxes for 2012 free The IRS updates Where's My Refund? every 24 hours, usually overnight, so you only need to check once a day. File taxes for 2012 free Use the Interactive Tax Assistant (ITA) to research your tax questions. File taxes for 2012 free No need to wait on the phone or stand in line. File taxes for 2012 free 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. File taxes for 2012 free When you reach the response screen, you can print the entire interview and the final response for your records. File taxes for 2012 free New subject areas are added on a regular basis. File taxes for 2012 free  Answers not provided through ITA may be found in Tax Trails, one of the Tax Topics on IRS. File taxes for 2012 free gov which contain general individual and business tax information or by searching the IRS Tax Map, which includes an international subject index. File taxes for 2012 free You can use the IRS Tax Map, to search publications and instructions by topic or keyword. File taxes for 2012 free The IRS Tax Map integrates forms and publications into one research tool and provides single-point access to tax law information by subject. File taxes for 2012 free 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. File taxes for 2012 free 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. File taxes for 2012 free You can also ask the IRS to mail a return or an account transcript to you. File taxes for 2012 free Only the mail option is available by choosing the Tax Records option on the IRS2Go app by selecting Mail Transcript on IRS. File taxes for 2012 free gov or by calling 1-800-908-9946. File taxes for 2012 free Tax return and tax account transcripts are generally available for the current year and the past three years. File taxes for 2012 free Determine if you are eligible for the EITC and estimate the amount of the credit with the Earned Income Tax Credit (EITC) Assistant. File taxes for 2012 free Visit Understanding Your IRS Notice or Letter to get answers to questions about a notice or letter you received from the IRS. File taxes for 2012 free 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. File taxes for 2012 free Check the status of your amended return using Where's My Amended Return? Go to IRS. File taxes for 2012 free gov and enter Where's My Amended Return? in the search box. File taxes for 2012 free You can generally expect your amended return to be processed up to 12 weeks from the date we receive it. File taxes for 2012 free It can take up to 3 weeks from the date you mailed it to show up in our system. File taxes for 2012 free Make a payment using one of several safe and convenient electronic payment options available on IRS. File taxes for 2012 free gov. File taxes for 2012 free Select the Payment tab on the front page of IRS. File taxes for 2012 free gov for more information. File taxes for 2012 free Determine if you are eligible and apply for an online payment agreement, if you owe more tax than you can pay today. File taxes for 2012 free Figure your income tax withholding with the IRS Withholding Calculator on IRS. File taxes for 2012 free gov. File taxes for 2012 free 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. File taxes for 2012 free Determine if you might be subject to the Alternative Minimum Tax by using the Alternative Minimum Tax Assistant on IRS. File taxes for 2012 free gov. File taxes for 2012 free Request an Electronic Filing PIN by going to IRS. File taxes for 2012 free gov and entering Electronic Filing PIN in the search box. File taxes for 2012 free Download forms, instructions and publications, including accessible versions for people with disabilities. File taxes for 2012 free Locate the nearest Taxpayer Assistance Center (TAC) using the Office Locator tool on IRS. File taxes for 2012 free gov, or choose the Contact Us option on the IRS2Go app and search Local Offices. File taxes for 2012 free An employee can answer questions about your tax account or help you set up a payment plan. File taxes for 2012 free Before you visit, check the Office Locator on IRS. File taxes for 2012 free gov, or Local Offices under Contact Us on IRS2Go to confirm the address, phone number, days and hours of operation, and the services provided. File taxes for 2012 free If you have a special need, such as a disability, you can request an appointment. File taxes for 2012 free Call the local number listed in the Office Locator, or look in the phone book under United States Government, Internal Revenue Service. File taxes for 2012 free Apply for an Employer Identification Number (EIN). File taxes for 2012 free Go to IRS. File taxes for 2012 free gov and enter Apply for an EIN in the search box. File taxes for 2012 free Read the Internal Revenue Code, regulations, or other official guidance. File taxes for 2012 free Read Internal Revenue Bulletins. File taxes for 2012 free Sign up to receive local and national tax news and more by email. File taxes for 2012 free Just click on “subscriptions” above the search box on IRS. File taxes for 2012 free gov and choose from a variety of options. File taxes for 2012 free    Phone. File taxes for 2012 free You can call the IRS, or you can carry it in your pocket with the IRS2Go app on your smart phone or tablet. File taxes for 2012 free Download the free IRS2Go app from the iTunes app store or from Google Play. File taxes for 2012 free Call to locate the nearest volunteer help site, 1-800-906-9887 or you can use the VITA Locator Tool on IRS. File taxes for 2012 free gov, or download the IRS2Go app. File taxes for 2012 free 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. File taxes for 2012 free The Tax Counseling for the Elderly (TCE) program helps taxpayers age 60 and older with their tax returns. File taxes for 2012 free Most VITA and TCE sites offer free electronic filing. File taxes for 2012 free Some VITA and TCE sites provide IRS-certified volunteers who can help prepare your tax return. File taxes for 2012 free Through the TCE program, AARP offers the Tax-Aide counseling program; call 1-888-227-7669 to find the nearest Tax-Aide location. File taxes for 2012 free 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. File taxes for 2012 free 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. File taxes for 2012 free The IRS issues more than 9 out of 10 refunds in less than 21 days. File taxes for 2012 free Where's My Refund? will give you a personalized refund date as soon as the IRS processes your tax return and approves your refund. File taxes for 2012 free 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. File taxes for 2012 free The IRS updates Where's My Refund? every 24 hours, usually overnight, so you only need to check once a day. File taxes for 2012 free Note, the above information is for our automated hotline. File taxes for 2012 free 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. File taxes for 2012 free Call the Amended Return Hotline, 1-866-464-2050, to check the status of your amended return. File taxes for 2012 free You can generally expect your amended return to be processed up to 12 weeks from the date we receive it. File taxes for 2012 free It can take up to 3 weeks from the date you mailed it to show up in our system. File taxes for 2012 free 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). File taxes for 2012 free You should receive your order within 10 business days. File taxes for 2012 free Call TeleTax, 1-800-829-4477, to listen to pre-recorded messages covering general and business tax information. File taxes for 2012 free 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. File taxes for 2012 free Call using TTY/TDD equipment, 1-800-829-4059 to ask tax questions or order forms and publications. File taxes for 2012 free The TTY/TDD telephone number is for people who are deaf, hard of hearing, or have a speech disability. File taxes for 2012 free These individuals can also contact the IRS through relay services such as the Federal Relay Service. File taxes for 2012 free    Walk-in. File taxes for 2012 free You can find a selection of forms, publications and services — in-person. File taxes for 2012 free Products. File taxes for 2012 free You can walk in to some post offices, libraries, and IRS offices to pick up certain forms, instructions, and publications. File taxes for 2012 free Some IRS offices, libraries, and city and county government offices have a collection of products available to photocopy from reproducible proofs. File taxes for 2012 free Services. File taxes for 2012 free You can walk in to your local TAC for face-to-face tax help. File taxes for 2012 free An employee can answer questions about your tax account or help you set up a payment plan. File taxes for 2012 free Before visiting, use the Office Locator tool on IRS. File taxes for 2012 free gov, or choose the Contact Us option on the IRS2Go app and search Local Offices for days and hours of operation, and services provided. File taxes for 2012 free    Mail. File taxes for 2012 free You can send your order for forms, instructions, and publications to the address below. File taxes for 2012 free You should receive a response within 10 business days after your request is received. File taxes for 2012 free Internal Revenue Service 1201 N. File taxes for 2012 free Mitsubishi Motorway Bloomington, IL 61705-6613    The Taxpayer Advocate Service Is Here to Help You. File taxes for 2012 free The Taxpayer Advocate Service (TAS) is your voice at the IRS. File taxes for 2012 free Our job is to ensure that every taxpayer is treated fairly and that you know and understand your rights. File taxes for 2012 free   What can TAS do for you? We can offer you free help with IRS problems that you can't resolve on your own. File taxes for 2012 free 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. File taxes for 2012 free You face (or your business is facing) an immediate threat of adverse action. File taxes for 2012 free You've tried repeatedly to contact the IRS but no one has responded, or the IRS hasn't responded by the date promised. File taxes for 2012 free   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. File taxes for 2012 free Here's why we can help: TAS is an independent organization within the IRS. File taxes for 2012 free Our advocates know how to work with the IRS. File taxes for 2012 free Our services are free and tailored to meet your needs. File taxes for 2012 free We have offices in every state, the District of Columbia, and Puerto Rico. File taxes for 2012 free   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. File taxes for 2012 free   How else does TAS help taxpayers?  TAS also works to resolve large-scale, systemic problems that affect many taxpayers. File taxes for 2012 free If you know of one of these broad issues, please report it to us through our Systemic Advocacy Management System. File taxes for 2012 free Low Income Taxpayer Clinics 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. File taxes for 2012 free Some clinics can provide information about taxpayer rights and responsibilities in different languages for individuals who speak English as a second language. File taxes for 2012 free Visit Taxpayer Advocate or see IRS Publication 4134, Low Income Taxpayer Clinic List. File taxes for 2012 free Prev  Up  Next   Home   More Online Publications

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File taxes for 2012 free 31. File taxes for 2012 free   Tax on Unearned Income of Certain Children Table of Contents What's New Introduction Useful Items - You may want to see: Which Parent's Return To UseParents Who Do Not File a Joint Return Parent's Election To Report Child's Interest and DividendsEffect of Making the Election Figuring Child's Income Figuring Additional Tax Tax for Certain Children Who Have Unearned IncomeProviding Parental Information (Form 8615, lines A–C) Step 1. File taxes for 2012 free Figuring the Child's Net Unearned Income (Form 8615, Part I) Step 2. File taxes for 2012 free Figuring Tentative Tax at the Parent's Tax Rate (Form 8615, Part II) Step 3. File taxes for 2012 free Figuring the Child's Tax (Form 8615, Part III) What's New Net Investment Income Tax. File taxes for 2012 free . File taxes for 2012 free  For tax years beginning after December 31, 2012, a child whose tax is figured on Form 8615 may be subject to the Net Investment Income Tax (NIIT). File taxes for 2012 free NIIT is a 3. File taxes for 2012 free 8% tax on the lesser of the net investment income or the excess of the child's modified adjusted gross income (MAGI) over the threshold amount. File taxes for 2012 free Use Form 8960, Net Investment Income Tax, to figure this tax. File taxes for 2012 free For more information on NIIT, go to www. File taxes for 2012 free irs. File taxes for 2012 free gov and enter “Net Investment Income Tax” in the search box. File taxes for 2012 free Introduction This chapter discusses the following two rules that may affect the tax on unearned income of certain children. File taxes for 2012 free If the child's interest and dividend income (including capital gain distributions) total less than $10,000, the child's parent may be able to choose to include that income on the parent's return rather than file a return for the child. File taxes for 2012 free (See Parent's Election To Report Child's Interest and Dividends , later. File taxes for 2012 free ) If the child's interest, dividends, and other unearned income total more than $2,000, part of that income may be taxed at the parent's tax rate instead of the child's tax rate. File taxes for 2012 free (See Tax for Certain Children Who Have Unearned Income , later. File taxes for 2012 free ) For these rules, the term “child” includes a legally adopted child and a stepchild. File taxes for 2012 free These rules apply whether or not the child is a dependent. File taxes for 2012 free Useful Items - You may want to see: Publication 929 Tax Rules for Children and Dependents Form (and Instructions) 8615 Tax for Certain Children Who Have Unearned Income 8814 Parents' Election To Report Child's Interest and Dividends Which Parent's Return To Use If a child's parents are married to each other and file a joint return, use the joint return to figure the tax on the child's unearned income. File taxes for 2012 free The tax rate and other return information from that return are used to figure the child's tax as explained later under Tax for Certain Children Who Have Unearned Income . File taxes for 2012 free Parents Who Do Not File a Joint Return For parents who do not file a joint return, the following discussions explain which parent's tax return must be used to figure the tax. File taxes for 2012 free Only the parent whose tax return is used can make the election described under Parent's Election To Report Child's Interest and Dividends . File taxes for 2012 free Parents are married. File taxes for 2012 free   If the child's parents file separate returns, use the return of the parent with the greater taxable income. File taxes for 2012 free Parents not living together. File taxes for 2012 free   If the child's parents are married to each other but not living together, and the parent with whom the child lives (the custodial parent) is considered unmarried, use the return of the custodial parent. File taxes for 2012 free If the custodial parent is not considered unmarried, use the return of the parent with the greater taxable income. File taxes for 2012 free   For an explanation of when a married person living apart from his or her spouse is considered unmarried, see Head of Household in chapter 2. File taxes for 2012 free Parents are divorced. File taxes for 2012 free   If the child's parents are divorced or legally separated, and the parent who had custody of the child for the greater part of the year (the custodial parent) has not remarried, use the return of the custodial parent. File taxes for 2012 free Custodial parent remarried. File taxes for 2012 free   If the custodial parent has remarried, the stepparent (rather than the noncustodial parent) is treated as the child's other parent. File taxes for 2012 free Therefore, if the custodial parent and the stepparent file a joint return, use that joint return. File taxes for 2012 free Do not use the return of the noncustodial parent. File taxes for 2012 free   If the custodial parent and the stepparent are married, but file separate returns, use the return of the one with the greater taxable income. File taxes for 2012 free If the custodial parent and the stepparent are married but not living together, the earlier discussion under Parents not living together applies. File taxes for 2012 free Parents never married. File taxes for 2012 free   If a child's parents have never been married to each other, but lived together all year, use the return of the parent with the greater taxable income. File taxes for 2012 free If the parents did not live together all year, the rules explained earlier under Parents are divorced apply. File taxes for 2012 free Widowed parent remarried. File taxes for 2012 free   If a widow or widower remarries, the new spouse is treated as the child's other parent. File taxes for 2012 free The rules explained earlier under Custodial parent remarried apply. File taxes for 2012 free Parent's Election To Report Child's Interest and Dividends You may be able to elect to include your child's interest and dividend income (including capital gain distributions) on your tax return. File taxes for 2012 free If you do, your child will not have to file a return. File taxes for 2012 free You can make this election only if all the following conditions are met. File taxes for 2012 free Your child was under age 19 (or under age 24 if a full-time student) at the end of the year. File taxes for 2012 free Your child had income only from interest and dividends (including capital gain distributions and Alaska Permanent Fund dividends). File taxes for 2012 free The child's gross income was less than $10,000. File taxes for 2012 free The child is required to file a return unless you make this election. File taxes for 2012 free The child does not file a joint return for the year. File taxes for 2012 free No estimated tax payment was made for the year, and no overpayment from the previous year (or from any amended return) was applied to this year under your child's name and social security number. File taxes for 2012 free No federal income tax was taken out of your child's income under the backup withholding rules. File taxes for 2012 free You are the parent whose return must be used when applying the special tax rules for children. File taxes for 2012 free (See Which Parent's Return To Use , earlier. File taxes for 2012 free ) These conditions are also shown in Figure 31-A. File taxes for 2012 free Certain January 1 birthdays. File taxes for 2012 free   A child born on January 1, 1995, is considered to be age 19 at the end of 2013. File taxes for 2012 free You cannot make this election for such a child unless the child was a full-time student. File taxes for 2012 free   A child born on January 1, 1990, is considered to be age 24 at the end of 2013. File taxes for 2012 free You cannot make this election for such a child. File taxes for 2012 free Full-time student. File taxes for 2012 free   A full-time student is a child who during some part of each of any 5 calendar months of the year was enrolled as a full-time student at a school, or took a full-time on-farm training course given by a school or a state, county, or local government agency. File taxes for 2012 free A school includes a technical, trade, or mechanical school. File taxes for 2012 free It does not include an on-the-job training course, correspondence school, or school offering courses only through the Internet. File taxes for 2012 free How to make the election. File taxes for 2012 free   Make the election by attaching Form 8814 to your Form 1040. File taxes for 2012 free (If you make this election, you cannot file Form 1040A or Form 1040EZ. File taxes for 2012 free ) Attach a separate Form 8814 for each child for whom you make the election. File taxes for 2012 free You can make the election for one or more children and not for others. File taxes for 2012 free Effect of Making the Election The federal income tax on your child's income may be more if you make the Form 8814 election. File taxes for 2012 free Rate may be higher. File taxes for 2012 free   If your child received qualified dividends or capital gain distributions, you may pay up to $100 more tax if you make this election instead of filing a separate tax return for the child. File taxes for 2012 free This is because the tax rate on the child's income between $1,000 and $2,000 is 10% if you make this election. File taxes for 2012 free However, if you file a separate return for the child, the tax rate may be as low as 0% (zero percent) because of the preferential tax rates for qualified dividends and capital gain distributions. File taxes for 2012 free Deductions you cannot take. File taxes for 2012 free   By making the Form 8814 election, you cannot take any of the following deductions that the child would be entitled to on his or her return. File taxes for 2012 free The additional standard deduction if the child is blind. File taxes for 2012 free The deduction for a penalty on an early withdrawal of your child's savings. File taxes for 2012 free Itemized deductions (such as your child's investment expenses or charitable contributions). File taxes for 2012 free Reduced deductions or credits. File taxes for 2012 free   If you use Form 8814, your increased adjusted gross income may reduce certain deductions or credits on your return including the following. File taxes for 2012 free Deduction for contributions to a traditional individual retirement arrangement (IRA). File taxes for 2012 free Deduction for student loan interest. File taxes for 2012 free Itemized deductions for medical expenses, casualty and theft losses, and certain miscellaneous expenses. File taxes for 2012 free Credit for child and dependent care expenses. File taxes for 2012 free Child tax credit. File taxes for 2012 free Education tax credits. File taxes for 2012 free Earned income credit. File taxes for 2012 free Penalty for underpayment of estimated tax. File taxes for 2012 free   If you make this election for 2013 and did not have enough tax withheld or pay enough estimated tax to cover the tax you owe, you may be subject to a penalty. File taxes for 2012 free If you plan to make this election for 2014, you may need to increase your federal income tax withholding or your estimated tax payments to avoid the penalty. File taxes for 2012 free See chapter 4 for more information. File taxes for 2012 free Figuring Child's Income Use Form 8814, Part I, to figure your child's interest and dividend income to report on your return. File taxes for 2012 free Only the amount over $2,000 is added to your income. File taxes for 2012 free The amount over $2,000 is shown on Form 8814, line 6. File taxes for 2012 free Unless the child's income includes qualified dividends or capital gain distributions (discussed next), the same amount is shown on Form 8814, line 12. File taxes for 2012 free Include the amount from Form 8814, line 12, on Form 1040, line 21. File taxes for 2012 free Enter “Form 8814” on the dotted line next to line 21. File taxes for 2012 free If you file more than one Form 8814, include the total amounts from line 12 of all your Forms 8814 on Form 1040, line 21. File taxes for 2012 free Capital gain distributions and qualified dividends. File taxes for 2012 free   If your child's dividend income included any capital gain distributions, see Capital gain distributions under Figuring Child's Income in Publication 929, Part 2. File taxes for 2012 free If your child's dividend income included any qualified dividends, see Qualified dividends under Figuring Child's Income in Publication 929, Part 2. File taxes for 2012 free Figuring Additional Tax Use Form 8814, Part II, to figure the tax on the $2,000 of your child's interest and dividends that you do not include in your income. File taxes for 2012 free This tax is added to the tax figured on your income. File taxes for 2012 free This additional tax is the smaller of: 10% × (your child's gross income − $1,000), or $100. File taxes for 2012 free Include the amount from line 15 of all your Forms 8814 in the total on Form 1040, line 44. File taxes for 2012 free Check box a on Form 1040, line 44. File taxes for 2012 free Figure 31-A. File taxes for 2012 free Can You Include Your Child's Income On Your Tax Return? Please click here for the text description of the image. File taxes for 2012 free Figure 31–A. File taxes for 2012 free Can You Include Your Child's Income On Your Tax Return? Tax for Certain Children Who Have Unearned Income If a child's interest, dividends, and other unearned income total more than $2,000, part of that income may be taxed at the parent's tax rate instead of the child's tax rate. File taxes for 2012 free If the parent does not or cannot choose to include the child's income on the parent's return, use Form 8615 to figure the child's tax. File taxes for 2012 free Attach the completed form to the child's Form 1040 or Form 1040A. File taxes for 2012 free When Form 8615 must be filed. File taxes for 2012 free   Form 8615 must be filed for a child if all of the following statements are true. File taxes for 2012 free The child's investment income was more than $2,000. File taxes for 2012 free The child is required to file a return for 2013. File taxes for 2012 free The child either: Was under age 18 at the end of the year, Was age 18 at the end of the year and did not have earned income that was more than half of his or her support, or Was over age 18 and under age 24 at the end of the year, was a full-time student, and did not have earned income that was more than half of his or her support. File taxes for 2012 free At least one of the child's parents was alive at the end of 2013. File taxes for 2012 free The child does not file a joint return for 2013. File taxes for 2012 free These conditions are also shown in  Figure 31-B. File taxes for 2012 free Earned income. File taxes for 2012 free   Earned income includes salaries, wages, tips, and other payments received for personal services performed. File taxes for 2012 free It does not include unearned income as defined later in this chapter. File taxes for 2012 free Support. File taxes for 2012 free   Your child's support includes all amounts spent to provide the child with food, lodging, clothing, education, medical and dental care, recreation, transportation, and similar necessities. File taxes for 2012 free To figure your child's support, count support provided by you, your child, and others. File taxes for 2012 free However, a scholarship received by your child is not considered support if your child is a full-time student. File taxes for 2012 free See chapter 3 for details about support. File taxes for 2012 free Certain January 1 birthdays. File taxes for 2012 free   Use the following chart to determine whether certain children with January 1 birthdays meet condition 3 under When Form 8615 must be filed. File taxes for 2012 free Figure 31-B. File taxes for 2012 free Do You Have To Use Form 8615 To Figure Your Child's Tax? Please click here for the text description of the image. File taxes for 2012 free Figure 31-B. File taxes for 2012 free Do You Have To Use Form 8615 To Figure Your Child's Tax?    IF a child was born on. File taxes for 2012 free . File taxes for 2012 free . File taxes for 2012 free THEN, at the end of 2013, the child is considered to be. File taxes for 2012 free . File taxes for 2012 free . File taxes for 2012 free January 1, 1996 18* January 1, 1995 19** January 1, 1990 24*** *This child is not under age 18. File taxes for 2012 free The child meets condition 3 only if the child did not have earned income that was more than half of the child's support. File taxes for 2012 free  **This child meets condition 3 only if the child was a full-time student who did not have earned income that was more than half of the child's support. File taxes for 2012 free  ***Do not use Form 8615 for this child. File taxes for 2012 free Providing Parental Information (Form 8615, lines A–C) On Form 8615, lines A and B, enter the parent's name and social security number. File taxes for 2012 free (If the parents filed a joint return, enter the name and social security number listed first on the joint return. File taxes for 2012 free ) On line C, check the box for the parent's filing status. File taxes for 2012 free See Which Parent's Return To Use at the beginning of this chapter for information on which parent's return information must be used on Form 8615. File taxes for 2012 free Parent with different tax year. File taxes for 2012 free   If the parent and the child do not have the same tax year, complete Form 8615 using the information on the parent's return for the tax year that ends in the child's tax year. File taxes for 2012 free Parent's return information not known timely. File taxes for 2012 free   If the information needed from the parent's return is not known by the time the child's return is due (usually April 15), you can file the return using estimates. File taxes for 2012 free   You can use any reasonable estimate. File taxes for 2012 free This includes using information from last year's return. File taxes for 2012 free If you use an estimated amount on Form 8615, enter “Estimated” on the line next to the amount. File taxes for 2012 free    When you get the correct information, file an amended return on Form 1040X, Amended U. File taxes for 2012 free S. File taxes for 2012 free Individual Income Tax Return. File taxes for 2012 free   Instead of using estimates, you can get an automatic 6-month extension of time to file if, by the date your return is due, you file Form 4868, Application for Automatic Extension of Time To File U. File taxes for 2012 free S. File taxes for 2012 free Individual Income Tax Return. File taxes for 2012 free Extensions are discussed in chapter 1. File taxes for 2012 free Step 1. File taxes for 2012 free Figuring the Child's Net Unearned Income (Form 8615, Part I) The first step in figuring a child's tax using Form 8615 is to figure the child's net unearned income. File taxes for 2012 free To do that, use Form 8615, Part I. File taxes for 2012 free Line 1 (unearned income). File taxes for 2012 free   If the child had no earned income, enter on this line the adjusted gross income shown on the child's return. File taxes for 2012 free Adjusted gross income is shown on Form 1040, line 38, or Form 1040A, line 22. File taxes for 2012 free Form 1040EZ cannot be used if Form 8615 must be filed. File taxes for 2012 free   If the child had earned income, figure the amount to enter on Form 8615, line 1, by using the worksheet in the instructions for the form. File taxes for 2012 free   However, if the child has: excluded any foreign earned income, deducted either a loss from self-employment, or deducted a net operating loss from another year, then use the Alternate Worksheet for Form 8615, Line 1, in Publication 929 to figure the amount to enter on Form 8615, line 1. File taxes for 2012 free Unearned income defined. File taxes for 2012 free   Unearned income is generally all income other than salaries, wages, and other amounts received as pay for work actually done. File taxes for 2012 free It includes taxable interest, dividends (including capital gain distributions), capital gains, unemployment compensation, the taxable part of social security and pension payments, and certain distributions from trusts. File taxes for 2012 free Unearned income includes amounts produced by assets the child obtained with earned income (such as interest on a savings account into which the child deposited wages). File taxes for 2012 free Nontaxable income. File taxes for 2012 free   For this purpose, unearned income includes only amounts the child must include in total income. File taxes for 2012 free Nontaxable unearned income, such as tax-exempt interest and the nontaxable part of social security and pension payments, is not included. File taxes for 2012 free Income from property received as a gift. File taxes for 2012 free   A child's unearned income includes all income produced by property belonging to the child. File taxes for 2012 free This is true even if the property was transferred to the child, regardless of when the property was transferred or purchased or who transferred it. File taxes for 2012 free   A child's unearned income includes income produced by property given as a gift to the child. File taxes for 2012 free This includes gifts to the child from grandparents or any other person and gifts made under the Uniform Gift to Minors Act. File taxes for 2012 free Example. File taxes for 2012 free Amanda Black, age 13, received the following income. File taxes for 2012 free Dividends — $800 Wages — $2,100 Taxable interest — $1,200 Tax-exempt interest — $100 Net capital gains — $100 The dividends were qualified dividends on stock given to her by her grandparents. File taxes for 2012 free Amanda's unearned income is $2,100. File taxes for 2012 free This is the total of the dividends ($800), taxable interest ($1,200), and net capital gains ($100). File taxes for 2012 free Her wages are earned (not unearned) income because they are received for work actually done. File taxes for 2012 free Her tax-exempt interest is not included because it is nontaxable. File taxes for 2012 free Trust income. File taxes for 2012 free   If a child is the beneficiary of a trust, distributions of taxable interest, dividends, capital gains, and other unearned income from the trust are unearned income to the child. File taxes for 2012 free   However, for purposes of completing Form 8615, a taxable distribution from a qualified disability trust is considered earned income, not unearned income. File taxes for 2012 free Line 2 (deductions). File taxes for 2012 free   If the child does not itemize deductions on Schedule A (Form 1040), enter $2,000 on line 2. File taxes for 2012 free   If the child does itemize deductions, enter on line 2 the larger of: $1,000 plus the portion of the child's itemized deductions on Schedule A (Form 1040), line 29, that are directly connected with the production of unearned income entered on line 1, or $2,000. File taxes for 2012 free Directly connected. File taxes for 2012 free   Itemized deductions are directly connected with the production of unearned income if they are for expenses paid to produce or collect taxable income or to manage, conserve, or maintain property held for producing income. File taxes for 2012 free These expenses include custodian fees and service charges, service fees to collect taxable interest and dividends, and certain investment counsel fees. File taxes for 2012 free   These expenses are added to certain other miscellaneous itemized deductions on Schedule A (Form 1040). File taxes for 2012 free Only the amount greater than 2% of the child's adjusted gross income can be deducted. File taxes for 2012 free See chapter 28 for more information. File taxes for 2012 free Example 1. File taxes for 2012 free Roger, age 12, has unearned income of $8,000, no other income, no adjustments to income, and itemized deductions of $300 (net of the 2% limit) that are directly connected with his unearned income. File taxes for 2012 free His adjusted gross income is $8,000, which is entered on Form 1040, line 38, and on Form 8615, line 1. File taxes for 2012 free Roger enters $2,000 on line 2 because that is more than the total of $1,000 plus his directly connected itemized deductions of $300. File taxes for 2012 free Example 2. File taxes for 2012 free Eleanor, age 8, has unearned income of $16,000 and an early withdrawal penalty of $100. File taxes for 2012 free She has no other income. File taxes for 2012 free She has itemized deductions of $1,050 (net of the 2% limit) that are directly connected with the production of her unearned income. File taxes for 2012 free Her adjusted gross income, entered on line 1, is $15,900 ($16,000 − $100). File taxes for 2012 free The amount on line 2 is $2,050. File taxes for 2012 free This is the larger of: $1,000 plus the $1,050 of directly connected itemized deductions, or $2,000. File taxes for 2012 free Line 3. File taxes for 2012 free   Subtract line 2 from line 1 and enter the result on this line. File taxes for 2012 free If zero or less, do not complete the rest of the form. File taxes for 2012 free However, you must still attach Form 8615 to the child's tax return. File taxes for 2012 free Figure the tax on the child's taxable income in the normal manner. File taxes for 2012 free Line 4 (child's taxable income). File taxes for 2012 free   Enter on line 4 the child's taxable income from Form 1040, line 43, or Form 1040A, line 27. File taxes for 2012 free   However, if the child files Form 2555 or 2555-EZ to claim the foreign earned income exclusion, housing exclusion, or housing deduction, see the Form 8615 instructions or Pub. File taxes for 2012 free 929. File taxes for 2012 free Line 5 (net unearned income). File taxes for 2012 free   A child's net unearned income cannot be more than his or her taxable income. File taxes for 2012 free Enter on Form 8615, line 5, the smaller of line 3 or line 4. File taxes for 2012 free This is the child's net unearned income. File taxes for 2012 free   If zero or less, do not complete the rest of the form. File taxes for 2012 free However, you must still attach Form 8615 to the child's tax return. File taxes for 2012 free Figure the tax on the child's taxable income in the normal manner. File taxes for 2012 free Step 2. File taxes for 2012 free Figuring Tentative Tax at the Parent's Tax Rate (Form 8615, Part II) The next step in completing Form 8615 is to figure a tentative tax on the child's net unearned income at the parent's tax rate. File taxes for 2012 free The tentative tax at the parent's tax rate is the difference between the tax on the parent's taxable income figured with the child's net unearned income (plus the net unearned income of any other child whose Form 8615 includes the tax return information of that parent) and the tax figured without it. File taxes for 2012 free When figuring the tentative tax at the parent's tax rate on Form 8615, do not refigure any of the exclusions, deductions, or credits on the parent's return because of the child's net unearned income. File taxes for 2012 free For example, do not refigure the medical expense deduction. File taxes for 2012 free Figure the tentative tax on Form 8615, lines 6 through 13. File taxes for 2012 free Note. File taxes for 2012 free If the child or parent has any capital gains or losses, get Publication 929 for help in completing Form 8615, Part II. File taxes for 2012 free Line 6 (parent's taxable income). File taxes for 2012 free   Enter on line 6 the parent's taxable income from Form 1040, line 43, Form 1040A, line 27, or Form 1040EZ, line 6. File taxes for 2012 free   If the Foreign Earned Income Tax Worksheet (in the Form 1040 instructions) was used to figure the parent's tax, enter the amount from line 3 of that worksheet instead of the parent's taxable income. File taxes for 2012 free Line 7 (net unearned income of other children). File taxes for 2012 free   If the tax return information of the parent is also used on any other child's Form 8615, enter on line 7 the total of the amounts from line 5 of all the other children's Forms 8615. File taxes for 2012 free Do not include the amount from line 5 of the Form 8615 being completed. File taxes for 2012 free Example. File taxes for 2012 free Paul and Jane Persimmon have three children, Sharon, Jerry, and Mike, who must attach Form 8615 to their tax returns. File taxes for 2012 free The children's net unearned income amounts on line 5 of their Forms 8615 are: Sharon — $800 Jerry — $600 Mike — $1,000 Line 7 of Sharon's Form 8615 will show $1,600, the total of the amounts on line 5 of Jerry's and Mike's Forms 8615. File taxes for 2012 free Line 7 of Jerry's Form 8615 will show $1,800 ($800 + $1,000). File taxes for 2012 free Line 7 of Mike's Form 8615 will show $1,400 ($800 + $600). File taxes for 2012 free Other children's information not available. File taxes for 2012 free   If the net unearned income of the other children is not available when the return is due, either file the return using estimates or get an extension of time to file. File taxes for 2012 free See Parent's return information not known timely , earlier. File taxes for 2012 free Line 11 (tentative tax). File taxes for 2012 free   Subtract line 10 from line 9 and enter the result on this line. File taxes for 2012 free This is the tentative tax. File taxes for 2012 free   If line 7 is blank, skip lines 12a and 12b and enter the amount from line 11 on line 13. File taxes for 2012 free Also skip the discussion for lines 12a and 12b that follows. File taxes for 2012 free Lines 12a and 12b (dividing the tentative tax). File taxes for 2012 free   If an amount is entered on line 7, divide the tentative tax shown on line 11 among the children according to each child's share of the total net unearned income. File taxes for 2012 free This is done on lines 12a, 12b, and 13. File taxes for 2012 free Add the amount on line 7 to the amount on line 5 and enter the total on line 12a. File taxes for 2012 free Divide the amount on line 5 by the amount on line 12a and enter the result, as a decimal, on line 12b. File taxes for 2012 free Example. File taxes for 2012 free In the earlier example under Line 7 (net unearned income of other children), Sharon's Form 8615 shows $1,600 on line 7. File taxes for 2012 free The amount entered on line 12a is $2,400, the total of the amounts on lines 5 and 7 ($800 + $1,600). File taxes for 2012 free The decimal on line 12b is  . File taxes for 2012 free 333, figured as follows and rounded to three places. File taxes for 2012 free   $800 = . File taxes for 2012 free 333     $2,400   Step 3. File taxes for 2012 free Figuring the Child's Tax (Form 8615, Part III) The final step in figuring a child's tax using Form 8615 is to determine the larger of: The total of: The child's share of the tentative tax based on the parent's tax rate, plus The tax on the child's taxable income in excess of net unearned income, figured at the child's tax rate, or The tax on the child's taxable income, figured at the child's tax rate. File taxes for 2012 free This is the child's tax. File taxes for 2012 free It is figured on Form 8615, lines 14 through 18. File taxes for 2012 free Alternative minimum tax. File taxes for 2012 free   A child may be subject to alternative minimum tax (AMT) if he or she has certain items given preferential treatment under the tax law. File taxes for 2012 free See Alternative Minimum Tax (AMT) in chapter 30. File taxes for 2012 free    For more information on who is liable for AMT and how to figure it, see Form 6251, Alternative Minimum Tax—Individuals. File taxes for 2012 free For information on special limits that apply to a child who files Form 6251, see Certain Children Under Age 24 in the Instructions for Form 6251. File taxes for 2012 free Prev  Up  Next   Home   More Online Publications