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Free Tax 2012

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Free Tax 2012

Free tax 2012 Publication 575 - Additional Material Table of Contents Worksheet A. Free tax 2012 Simplified Method 1. Free tax 2012 Enter the total pension or annuity payments received this year. Free tax 2012 Also, add this amount to the total for Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a 1. Free tax 2012   2. Free tax 2012 Enter your cost in the plan (contract) at the annuity starting date plus any death benefit exclusion. Free tax 2012 * See Cost (Investment in the Contract) , earlier 2. Free tax 2012   Note: If your annuity starting date was before this year and you completed this worksheet last year, skip line 3 and enter the amount from line 4 of last year's worksheet on line 4 below (even if the amount of your pension or annuity has changed). Free tax 2012 Otherwise, go to line 3. Free tax 2012   3. Free tax 2012 Enter the appropriate number from Table 1 below. Free tax 2012 But if your annuity starting date was after 1997 and the payments are for your life and that of your beneficiary, enter the appropriate number from Table 2 below. Free tax 2012 3. Free tax 2012   4. Free tax 2012 Divide line 2 by the number on line 3 4. Free tax 2012   5. Free tax 2012 Multiply line 4 by the number of months for which this year's payments were made. Free tax 2012 If your annuity starting date was before 1987, enter this amount on line 8 below and skip lines 6, 7, 10, and 11. Free tax 2012 Otherwise, go to line 6 5. Free tax 2012   6. Free tax 2012 Enter any amounts previously recovered tax free in years after 1986. Free tax 2012 This is the amount shown on line 10 of your worksheet for last year 6. Free tax 2012   7. Free tax 2012 Subtract line 6 from line 2 7. Free tax 2012   8. Free tax 2012 Enter the smaller of line 5 or line 7 8. Free tax 2012   9. Free tax 2012 Taxable amount for year. Free tax 2012 Subtract line 8 from line 1. Free tax 2012 Enter the result, but not less than zero. Free tax 2012 Also, add this amount to the total for Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b. Free tax 2012  Note: If your Form 1099-R shows a larger taxable amount, use the amount figured on this line instead. Free tax 2012 If you are a retired public safety officer, see Insurance Premiums for Retired Public Safety Officers , earlier, before entering an amount on your tax return 9. Free tax 2012   10. Free tax 2012 Was your annuity starting date before 1987? □ Yes. Free tax 2012 STOP. Free tax 2012 Do not complete the rest of this worksheet. Free tax 2012  □ No. Free tax 2012 Add lines 6 and 8. Free tax 2012 This is the amount you have recovered tax free through 2013. Free tax 2012 You will need this number if you need to fill out this worksheet next year 10. Free tax 2012   11. Free tax 2012 Balance of cost to be recovered. Free tax 2012 Subtract line 10 from line 2. Free tax 2012 If zero, you will not have to complete this worksheet next year. Free tax 2012 The payments you receive next year will generally be fully taxable 11. Free tax 2012   * A death benefit exclusion (up to $5,000) applied to certain benefits received by employees who died before August 21, 1996. Free tax 2012 Table 1 for Line 3 Above   IF the age at  annuity starting date was . Free tax 2012 . Free tax 2012 . Free tax 2012         AND your annuity starting date was—     BEFORE November 19, 1996,  enter on line 3 . Free tax 2012 . Free tax 2012 . Free tax 2012 AFTER November 18, 1996,  enter on line 3 . Free tax 2012 . Free tax 2012 . Free tax 2012   55 or under 300 360   56-60 260 310   61-65 240 260   66-70 170 210   71 or over 120 160 Table 2 for Line 3 Above   IF the combined ages at annuity starting date were . Free tax 2012 . Free tax 2012 . Free tax 2012   THEN enter on line 3 . Free tax 2012 . Free tax 2012 . Free tax 2012         110 or under   410         111-120   360         121-130   310         131-140   260         141 or over   210       Prev  Up  Next   Home   More Online Publications
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The Free Tax 2012

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