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

Filing 2012 Taxes For Free

File My 2011 Taxes For FreeE File TaxesStudent Tax ReturnsMilitary H And R Block FreeIrs Gov Form 1040xIrsTax Ez2011 Federal Income Tax FormsEz Form OnlineTaxes And UnemploymentTax Planning Us 10401040 Amendment 2011Military Tax Refund CalculatorWhere Can I File Only My State Taxes For Free1080ezStatetaxreturnHow To Fill Out Amended Tax FormH And R Block File For FreeFree Efile For 2012 TaxesFree State Tax Return FileHow To Amend 1040Turbotax 2008Where Can I File My 2011 Taxes For FreeWww Irs Gov E Pay1040 Ez Online Filing2006 Tax Return Software FreeForm 1040nr 2011H&r Block State TaxesWhere Can I File My Federal And State Taxes Online For FreeSample 1040x Filled OutFile A 1040x OnlineIrs Ez Form 20131040ez Form And InstructionsFree Tax Calculator 2011 H&r BlockForm 1040sFreestatefilingFiling 1040xFile Form 1040xIrs Ez Tax Form 20111040es Form

Filing 2012 Taxes For Free

Filing 2012 taxes for free Publication 15-B - Introductory Material Table of Contents Future Developments What's New Reminders Introduction Future Developments For the latest information about developments related to Publication 15-B, such as legislation enacted after it was published, go to www. Filing 2012 taxes for free irs. Filing 2012 taxes for free gov/pub15b. Filing 2012 taxes for free What's New Cents-per-mile rule. Filing 2012 taxes for free  The business mileage rate for 2014 is 56 cents per mile. Filing 2012 taxes for free You may use this rate to reimburse an employee for business use of a personal vehicle, and under certain conditions, you may use the rate under the cents-per-mile rule to value the personal use of a vehicle you provide to an employee. Filing 2012 taxes for free See Cents-Per-Mile Rule in section 3. Filing 2012 taxes for free Qualified parking exclusion and commuter transportation benefit. Filing 2012 taxes for free . Filing 2012 taxes for free  For 2014, the monthly exclusion for qualified parking is $250 and the monthly exclusion for commuter highway vehicle transportation and transit passes is $130. Filing 2012 taxes for free See Qualified Transportation Benefits in section 2. Filing 2012 taxes for free Same-sex Marriage. Filing 2012 taxes for free  For federal tax purposes, individuals of the same sex are considered married if they were lawfully married in a state (or foreign country) whose laws authorize the marriage of two individuals of the same sex, even if the state (or foreign country) in which they now live does not recognize same-sex marriage. Filing 2012 taxes for free For more information, see Revenue Ruling 2013-17, 2013-38 I. Filing 2012 taxes for free R. Filing 2012 taxes for free B. Filing 2012 taxes for free 201, available at www. Filing 2012 taxes for free irs. Filing 2012 taxes for free gov/irb/2013-38_IRB/ar07. Filing 2012 taxes for free html. Filing 2012 taxes for free Notice 2013-61 provides special administrative procedures for employers to make claims for refund or adjustments of overpayments of social security and Medicare taxes with respect to certain same-sex spouse benefits before expiration of the period of limitations. Filing 2012 taxes for free Notice 2013-61, 2013-44 I. Filing 2012 taxes for free R. Filing 2012 taxes for free B. Filing 2012 taxes for free 432, is available at www. Filing 2012 taxes for free irs. Filing 2012 taxes for free gov/irb/2013-44_IRB/ar10. Filing 2012 taxes for free html. Filing 2012 taxes for free Recent changes to certain rules for cafeteria plans. Filing 2012 taxes for free  Notice 2013-71, 2013-47 I. Filing 2012 taxes for free R. Filing 2012 taxes for free B. Filing 2012 taxes for free 532, available at www. Filing 2012 taxes for free irs. Filing 2012 taxes for free gov/irb/2013-47_IRB/ar10. Filing 2012 taxes for free html, discusses recent changes to the “use-or-lose” rule for health flexible spending arrangements (FSAs) and clarifies the transitional rule for 2013-2014 non-calendar year salary reduction elections. Filing 2012 taxes for free See Notice 2013-71 for details on these changes. Filing 2012 taxes for free Reminders $2,500 limit on a health flexible spending arrangement (FSA). Filing 2012 taxes for free  For plan years beginning after December 31, 2012, a cafeteria plan may not allow an employee to request salary reduction contributions for a health FSA in excess of $2,500. Filing 2012 taxes for free For plan years beginning after December 31, 2013, the limit is unchanged at $2,500. Filing 2012 taxes for free For more information, see Cafeteria Plans in section 1. Filing 2012 taxes for free Additional Medicare Tax withholding. Filing 2012 taxes for free  In addition to withholding Medicare tax at 1. Filing 2012 taxes for free 45%, you must withhold a 0. Filing 2012 taxes for free 9% Additional Medicare Tax from wages you pay to an employee in excess of $200,000 in a calendar year. Filing 2012 taxes for free You are required to begin withholding Additional Medicare Tax in the pay period in which you pay wages in excess of $200,000 to an employee and continue to withhold it each pay period until the end of the calendar year. Filing 2012 taxes for free Additional Medicare Tax is only imposed on the employee. Filing 2012 taxes for free There is no employer share of Additional Medicare Tax. Filing 2012 taxes for free All wages that are subject to Medicare tax are subject to Additional Medicare Tax withholding if paid in excess of the $200,000 withholding threshold. Filing 2012 taxes for free Unless otherwise noted, references to Medicare tax include Additional Medicare Tax. Filing 2012 taxes for free For more information on what wages are subject to Medicare tax, see Table 2-1, later, and the chart, Special Rules for Various Types of Services and Payments, in section 15 of Publication 15, (Circular E), Employer's Tax Guide. Filing 2012 taxes for free For more information on Additional Medicare Tax, visit IRS. Filing 2012 taxes for free gov and enter “Additional Medicare Tax” in the search box. Filing 2012 taxes for free Photographs of missing children. Filing 2012 taxes for free  The IRS is a proud partner with the National Center for Missing and Exploited Children. Filing 2012 taxes for free Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. Filing 2012 taxes for free You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. Filing 2012 taxes for free Introduction This publication supplements Publication 15 (Circular E), Employer's Tax Guide, and Publication 15-A, Employer's Supplemental Tax Guide. Filing 2012 taxes for free It contains information for employers on the employment tax treatment of fringe benefits. Filing 2012 taxes for free Comments and suggestions. Filing 2012 taxes for free   We welcome your comments about this publication and your suggestions for future editions. Filing 2012 taxes for free   You can write to us at the following address:  Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. Filing 2012 taxes for free NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. Filing 2012 taxes for free Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. Filing 2012 taxes for free   You can also send us comments from www. Filing 2012 taxes for free irs. Filing 2012 taxes for free gov/formspubs. Filing 2012 taxes for free Click on More Information and then click on Comment on Tax Forms and Publications. Filing 2012 taxes for free   Although we cannot respond individually to each comment received, we do appreciate your feedback and will consider your comments as we revise our tax products. Filing 2012 taxes for free Prev  Up  Next   Home   More Online Publications
Print - Click this link to Print this page

Can I Claim My Personal and/or Spousal Exemption?

This application determines whether you can claim your own exemption or your spouse’s. To determine if you can claim an exemption for someone else as a dependent, go to the topic for “Who Can I Claim as a Dependent?

Information You Will Need:

  • Your and your spouse's age
  • Your and your spouse’s gross income amounts

Estimated Completion Time: 8 minutes. However: 5 minutes of inactivity will end the interview and you will be forced to start over.

Begin

Page Last Reviewed or Updated: 14-Feb-2014

The Filing 2012 Taxes For Free

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