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Free Tax Act

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Free Tax Act

Free tax act 5. Free tax act   How To Get Tax Help Table of Contents 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. Free tax act You can get help with unresolved tax issues, order free publications and forms, ask tax questions, and get information from the IRS in several ways. Free tax act By selecting the method that is best for you, you will have quick and easy access to tax help. Free tax act Free help with your tax return. Free tax act   You can get free help preparing your return nationwide from IRS-certified volunteers. Free tax act The Volunteer Income Tax Assistance (VITA) program helps low-to-moderate income, elderly, people with disabilities, and limited English proficient taxpayers. Free tax act The Tax Counseling for the Elderly (TCE) program helps taxpayers age 60 and older with their tax returns. Free tax act 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. Free tax act In addition, some VITA and TCE sites provide taxpayers the opportunity to prepare their own return with help from an IRS-certified volunteer. Free tax act To find the nearest VITA or TCE site, you can use the VITA Locator Tool on IRS. Free tax act gov, download the IRS2Go app, or call 1-800-906-9887. Free tax act   As part of the TCE program, AARP offers the Tax-Aide counseling program. Free tax act To find the nearest AARP Tax-Aide site, visit AARP's website at www. Free tax act aarp. Free tax act org/money/taxaide or call 1-888-227-7669. Free tax act For more information on these programs, go to IRS. Free tax act gov and enter “VITA” in the search box. Free tax act Internet. Free tax act    IRS. Free tax act gov and IRS2Go are ready when you are —24 hours a day, 7 days a week. Free tax act Download the free IRS2Go app from the iTunes app store or from Google Play. Free tax act 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. Free tax act Check the status of your 2013 refund with the Where's My Refund? application on IRS. Free tax act gov or download the IRS2Go app and select the Refund Status option. Free tax act The IRS issues more than 9 out of 10 refunds in less than 21 days. Free tax act 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. Free tax act You will also be given a personalized refund date as soon as the IRS processes your tax return and approves your refund. Free tax act The IRS updates Where's My Refund? every 24 hours, usually overnight, so you only need to check once a day. Free tax act Use the Interactive Tax Assistant (ITA) to research your tax questions. Free tax act No need to wait on the phone or stand in line. Free tax act 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. Free tax act When you reach the response screen, you can print the entire interview and the final response for your records. Free tax act New subject areas are added on a regular basis. Free tax act  Answers not provided through ITA may be found in Tax Trails, one of the Tax Topics on IRS. Free tax act gov which contain general individual and business tax information or by searching the IRS Tax Map, which includes an international subject index. Free tax act You can use the IRS Tax Map, to search publications and instructions by topic or keyword. Free tax act The IRS Tax Map integrates forms and publications into one research tool and provides single-point access to tax law information by subject. Free tax act 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. Free tax act 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. Free tax act You can also ask the IRS to mail a return or an account transcript to you. Free tax act Only the mail option is available by choosing the Tax Records option on the IRS2Go app by selecting Mail Transcript on IRS. Free tax act gov or by calling 1-800-908-9946. Free tax act Tax return and tax account transcripts are generally available for the current year and the past three years. Free tax act Determine if you are eligible for the EITC and estimate the amount of the credit with the Earned Income Tax Credit (EITC) Assistant. Free tax act Visit Understanding Your IRS Notice or Letter to get answers to questions about a notice or letter you received from the IRS. Free tax act 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. Free tax act Check the status of your amended return using Where's My Amended Return? Go to IRS. Free tax act gov and enter Where's My Amended Return? in the search box. Free tax act You can generally expect your amended return to be processed up to 12 weeks from the date we receive it. Free tax act It can take up to 3 weeks from the date you mailed it to show up in our system. Free tax act Make a payment using one of several safe and convenient electronic payment options available on IRS. Free tax act gov. Free tax act Select the Payment tab on the front page of IRS. Free tax act gov for more information. Free tax act Determine if you are eligible and apply for an online payment agreement, if you owe more tax than you can pay today. Free tax act Figure your income tax withholding with the IRS Withholding Calculator on IRS. Free tax act gov. Free tax act 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. Free tax act Determine if you might be subject to the Alternative Minimum Tax by using the Alternative Minimum Tax Assistant on IRS. Free tax act gov. Free tax act Request an Electronic Filing PIN by going to IRS. Free tax act gov and entering Electronic Filing PIN in the search box. Free tax act Download forms, instructions and publications, including accessible versions for people with disabilities. Free tax act Locate the nearest Taxpayer Assistance Center (TAC) using the Office Locator tool on IRS. Free tax act gov, or choose the Contact Us option on the IRS2Go app and search Local Offices. Free tax act An employee can answer questions about your tax account or help you set up a payment plan. Free tax act Before you visit, check the Office Locator on IRS. Free tax act gov, or Local Offices under Contact Us on IRS2Go to confirm the address, phone number, days and hours of operation, and the services provided. Free tax act If you have a special need, such as a disability, you can request an appointment. Free tax act Call the local number listed in the Office Locator, or look in the phone book under United States Government, Internal Revenue Service. Free tax act Apply for an Employer Identification Number (EIN). Free tax act Go to IRS. Free tax act gov and enter Apply for an EIN in the search box. Free tax act Read the Internal Revenue Code, regulations, or other official guidance. Free tax act Read Internal Revenue Bulletins. Free tax act Sign up to receive local and national tax news and more by email. Free tax act Just click on “subscriptions” above the search box on IRS. Free tax act gov and choose from a variety of options. Free tax act Phone. Free tax act    You can call the IRS, or you can carry it in your pocket with the IRS2Go app on your smart phone or tablet. Free tax act Download the free IRS2Go app from the iTunes app store or from Google Play. Free tax act Call to locate the nearest volunteer help site, 1-800-906-9887 or you can use the VITA Locator Tool on IRS. Free tax act gov, or download the IRS2Go app. Free tax act 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. Free tax act The Tax Counseling for the Elderly (TCE) program helps taxpayers age 60 and older with their tax returns. Free tax act Most VITA and TCE sites offer free electronic filing. Free tax act Some VITA and TCE sites provide IRS-certified volunteers who can help prepare your tax return. Free tax act Through the TCE program, AARP offers the Tax-Aide counseling program; call 1-888-227-7669 to find the nearest Tax-Aide location. Free tax act 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. Free tax act 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. Free tax act The IRS issues more than 9 out of 10 refunds in less than 21 days. Free tax act Where's My Refund? will give you a personalized refund date as soon as the IRS processes your tax return and approves your refund. Free tax act 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. Free tax act The IRS updates Where's My Refund? every 24 hours, usually overnight, so you only need to check once a day. Free tax act Note, the above information is for our automated hotline. Free tax act 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. Free tax act Call the Amended Return Hotline, 1-866-464-2050, to check the status of your amended return. Free tax act You can generally expect your amended return to be processed up to 12 weeks from the date we receive it. Free tax act It can take up to 3 weeks from the date you mailed it to show up in our system. Free tax act 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). Free tax act You should receive your order within 10 business days. Free tax act Call TeleTax, 1-800-829-4477, to listen to pre-recorded messages covering general and business tax information. Free tax act 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. Free tax act Call using TTY/TDD equipment, 1-800-829-4059 to ask tax questions or order forms and publications. Free tax act The TTY/TDD telephone number is for people who are deaf, hard of hearing, or have a speech disability. Free tax act These individuals can also contact the IRS through relay services such as the Federal Relay Service. Free tax act Mail. Free tax act   You can send your order for forms, instructions, and publications to the address below. Free tax act You should receive a response within 10 business days after your request is received. Free tax act Internal Revenue Service 1201 N. Free tax act Mitsubishi Motorway Bloomington, IL 61705-6613    The Taxpayer Advocate Service Is Here to Help You. Free tax act The Taxpayer Advocate Service (TAS) is your voice at the IRS. Free tax act Our job is to ensure that every taxpayer is treated fairly and that you know and understand your rights. Free tax act   What can TAS do for you? We can offer you free help with IRS problems that you can't resolve on your own. Free tax act 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. Free tax act You face (or your business is facing) an immediate threat of adverse action. Free tax act You've tried repeatedly to contact the IRS but no one has responded, or the IRS hasn't responded by the date promised. Free tax act   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. Free tax act Here's why we can help: TAS is an independent organization within the IRS. Free tax act Our advocates know how to work with the IRS. Free tax act Our services are free and tailored to meet your needs. Free tax act We have offices in every state, the District of Columbia, and Puerto Rico. Free tax act   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 www. Free tax act irs. Free tax act gov/Advocate, or call us toll-free at 1-877-777-4778. Free tax act   How else does TAS help taxpayers?  TAS also works to resolve large-scale, systemic problems that affect many taxpayers. Free tax act If you know of one of these broad issues, please report it to us through our Systemic Advisory Management System at www. Free tax act irs. Free tax act gov/Advocate/Systemic-Advocacy-Management-System-SAMS. Free tax act Low Income Taxpayer Clinics. Free tax act    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. Free tax act Some clinics can provide information about taxpayer rights and responsibilities in different languages for individuals who speak English as a second language. Free tax act Visit www. Free tax act irs. Free tax act gov/Advocate or see IRS Publication 4134, Low Income Taxpayer Clinic List. Free tax act Prev  Up  Next   Home   More Online Publications
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The Free Tax Act

Free tax act 4. Free tax act   Limit on Elective Deferrals Table of Contents Excess elective deferrals. Free tax act General Limit 15-Year RuleYears of Service Figuring the Limit on Elective DeferralsExample The second and final component of MAC is the limit on elective deferrals. Free tax act This is a limit on the amount of contributions that can be made to your account through a salary reduction agreement. Free tax act A salary reduction agreement is an agreement between you and your employer that allows for a portion of your compensation to be directly invested in a 403(b) account on your behalf. Free tax act You can enter into more than one salary reduction agreement during a year. Free tax act More than one 403(b) account. Free tax act If, for any year, elective deferrals are contributed to more than one 403(b) account for you (whether or not with the same employer), you must combine all the elective deferrals to determine whether the total is more than the limit for that year. Free tax act 403(b) plan and another retirement plan. Free tax act If, during the year, contributions in the form of elective deferrals are made to other retirement plans on your behalf, you must combine all of the elective deferrals to determine if they are more than your limit on elective deferrals. Free tax act The limit on elective deferrals applies to amounts contributed to: 401(k) plans, to the extent excluded from income, Roth contribution programs, Section 501(c)(18) plans, to the extent excluded from income, Savings incentive match plan for employees (SIMPLE plans), Simplified employee pension (SEP) plans, and All 403(b) plans. Free tax act Roth contribution program. Free tax act   Your 403(b) plan may allow you to designate all or a portion of your elective deferrals as Roth contributions. Free tax act Elective deferrals designated as Roth contributions must be maintained in a separate Roth account and are not excludable from your gross income. Free tax act   The maximum amount of contributions allowed under a Roth contribution program is your limit on elective deferrals, less your elective deferrals not designated as Roth contributions. Free tax act For more information on the Roth contribution program, see Publication 560, Retirement Plans for Small Business. Free tax act Excess elective deferrals. Free tax act   If the amount contributed is more than the allowable limit, you must include the excess that is not a Roth contribution in your gross income for the year contributed. Free tax act General Limit Under the general limit on elective deferrals, the most that can be contributed to your 403(b) account through a salary reduction agreement is $17,500 for 2013 and 2014. Free tax act This limit applies without regard to community property laws. Free tax act 15-Year Rule If you have at least 15 years of service with an educational organization (such as a public or private school), hospital, home health service agency, health and welfare service agency, church, or convention or association of churches (or associated organization), the limit on elective deferrals to your 403(b) account is increased by the least of: $3,000, $15,000, reduced by the sum of: The additional pre-tax elective deferrals made in prior years because of this rule, plus The aggregate amount of designated Roth contributions permitted for prior years because of this rule, or $5,000 times the number of your years of service for the organization, minus the total elective deferrals made by your employer on your behalf for earlier years. Free tax act If you qualify for the 15-year rule, your elective deferrals under this limit can be as high as $20,500 for 2013 and 2014. Free tax act To determine whether you have 15 years of service with your employer, see Years of Service , next. Free tax act Years of Service To determine if you are eligible for the increased limit on elective deferrals, you will first need to figure your years of service. Free tax act How you figure your years of service depends on whether you were a full-time or a part-time employee, whether you worked for the full year or only part of the year, and whether you have worked for your employer for an entire year. Free tax act You must figure years of service for each year during which you worked for the employer who is maintaining your 403(b) account. Free tax act If more than one employer maintains a 403(b) account for you in the same year, you must figure years of service separately for each employer. Free tax act Definition Your years of service are the total number of years you have worked as a full time employee for the employer maintaining your 403(b) account as of the end of the year. Free tax act Figuring Your Years of Service Take the following rules into account when figuring your years of service. Free tax act Status of employer. Free tax act   Your years of service include only periods during which your employer was a qualified employer. Free tax act Your plan administrator can tell you whether or not your employer was qualified during all your periods of service. Free tax act Service with one employer. Free tax act   Generally, you cannot count service for any employer other than the one who maintains your 403(b) account. Free tax act Church employee. Free tax act   If you are a church employee, treat all of your years of service with related church organizations as years of service with the same employer. Free tax act For more information about church employees, see chapter 5. Free tax act Self-employed ministers. Free tax act   If you are a self-employed minister, your years of service include full and part years in which you have been treated as employed by a tax-exempt organization that is a qualified employer. Free tax act Total years of service. Free tax act   When figuring prior years of service, figure each year individually and then add the individual years of service to determine your total years of service. Free tax act Example. Free tax act The annual work period for full-time teachers employed by ABC Public Schools is September through December and February through May. Free tax act Marsha began working with ABC schools in September 2009. Free tax act She has always worked full-time for each annual work period. Free tax act At the end of 2013, Marsha had 4. Free tax act 5 years of service with ABC Public Schools, as shown in Table 4-1. Free tax act Table 4-1. Free tax act Marsha's Years of Service Note. Free tax act This table shows how Marsha figures her years of service, as explained in the previous example. Free tax act Year Period Worked Portion of Work Period Years of Service 2009 Sept. Free tax act –Dec. Free tax act . Free tax act 5 year . Free tax act 5 year 2010 Feb. Free tax act –May . Free tax act 5 year 1 year Sept. Free tax act –Dec. Free tax act . Free tax act 5 year 2011 Feb. Free tax act –May . Free tax act 5 year 1 year Sept. Free tax act –Dec. Free tax act . Free tax act 5 year 2012 Feb. Free tax act –May . Free tax act 5 year 1 year Sept. Free tax act –Dec. Free tax act . Free tax act 5 year 2013 Feb. Free tax act –May . Free tax act 5 year 1 year Sept. Free tax act –Dec. Free tax act . Free tax act 5 year Total years of service 4. Free tax act 5 years Full-time or part-time. Free tax act   To figure your years of service, you must analyze each year individually and determine whether you worked full-time for the full year or something other than full-time. Free tax act When determining whether you worked full-time or something other than full-time, use your employer's annual work period as the standard. Free tax act Employer's annual work period. Free tax act   Your employer's annual work period is the usual amount of time an individual working full-time in a specific position is required to work. Free tax act Generally, this period of time is expressed in days, weeks, months, or semesters, and can span 2 calendar years. Free tax act Note. Free tax act You cannot accumulate more than 1 year of service in a 12-month period. Free tax act Example. Free tax act All full-time teachers at ABC Public Schools are required to work both the September through December semester and the February through May semester. Free tax act Therefore, the annual work period for full-time teachers employed by ABC Public Schools is September through December and February through May. Free tax act Teachers at ABC Public Schools who work both semesters in the same calendar year are considered working a full year of service in that calendar year. Free tax act Full-Time Employee for the Full Year Count each full year during which you were employed full-time as 1 year of service. Free tax act In determining whether you were employed full-time, compare the amount of work you were required to perform with the amount of work normally required of others who held the same position with the same employer and who generally received most of their pay from the position. Free tax act How to compare. Free tax act   You can use any method that reasonably and accurately reflects the amount of work required. Free tax act For example, if you are a teacher, you can use the number of hours of classroom instruction as a measure of the amount of work required. Free tax act   In determining whether positions with the same employer are the same, consider all of the facts and circumstances concerning the positions, including the work performed, the methods by which pay is determined, and the descriptions (or titles) of the positions. Free tax act Example. Free tax act An assistant professor employed in the English department of a university will be considered a full-time employee if the amount of work that he or she is required to perform is the same as the amount of work normally required of assistant professors of English at that university who get most of their pay from that position. Free tax act   If no one else works for your employer in the same position, compare your work with the work normally required of others who held the same position with similar employers or similar positions with your employer. Free tax act Full year of service. Free tax act   A full year of service for a particular position means the usual annual work period of anyone employed full-time in that general type of work at that place of employment. Free tax act Example. Free tax act If a doctor works for a hospital 12 months of a year except for a 1-month vacation, the doctor will be considered as employed for a full year if the other doctors at that hospital also work 11 months of the year with a 1-month vacation. Free tax act Similarly, if the usual annual work period at a university consists of the fall and spring semesters, an instructor at that university who teaches these semesters will be considered as working a full year. Free tax act Other Than Full-Time for the Full Year If, during any year, you were employed full-time for only part of your employer's annual work period, part-time for the entire annual work period, or part-time for only part of the work period, your year of service for that year is a fraction of your employer's annual work period. Free tax act Full-time for part of the year. Free tax act   If, during a year, you were employed full-time for only part of your employer's annual work period, figure the fraction for that year as follows: The numerator (top number) is the number of weeks, months, or semesters you were a full-time employee. Free tax act The denominator (bottom number) is the number of weeks, months, or semesters considered the normal annual work period for the position. Free tax act Example. Free tax act Jason was employed as a full-time instructor by a local college for the 4 months of the 2013 spring semester (February 2013 through May 2013). Free tax act The annual work period for the college is 8 months (February through May and July through October). Free tax act Given these facts, Jason was employed full-time for part of the annual work period and provided ½ of a year of service. Free tax act Jason's years of service computation for 2013 is as follows: Number of months Jason worked = 4 = 1 Number of months in annual work period 8 2 Part-time for the full year. Free tax act   If, during a year, you were employed part-time for the employer's entire annual work period, you figure the fraction for that year as follows: The numerator (top number) is the number of hours or days you worked. Free tax act The denominator (bottom number) is the number of hours or days normally required of someone holding the same position who works full-time. Free tax act Example. Free tax act Vance teaches one course at a local medical school. Free tax act He teaches 3 hours per week for two semesters. Free tax act Other faculty members at the same school teach 9 hours per week for two semesters. Free tax act The annual work period of the medical school is two semesters. Free tax act An instructor teaching 9 hours a week for two semesters is considered a full-time employee. Free tax act Given these facts, Vance has worked part-time for a full annual work period. Free tax act Vance has completed 1/3 of a year of service, figured as shown below. Free tax act Number of hours per week Vance worked = 3 = 1 Number of hours per week considered full-time 9 3 Part-time for part of the year. Free tax act   If, during any year, you were employed part-time for only part of your employer's annual work period, you figure your fraction for that year by multiplying two fractions. Free tax act   Figure the first fraction as though you had worked full-time for part of the annual work period. Free tax act The fraction is as follows: The numerator (top number) is the number of weeks, months, or semesters you were a full-time employee. Free tax act The denominator (bottom number) is the number of weeks, months, or semesters considered the normal annual work period for the position. Free tax act   Figure the second fraction as though you had worked part-time for the entire annual work period. Free tax act The fraction is as follows: The numerator (top number) is the number of hours or days you worked. Free tax act The denominator (bottom number) is the number of hours or days normally required of someone holding the same position who works full-time. Free tax act   Once you have figured these two fractions, multiply them together to determine the fraction representing your partial year of service for the year. Free tax act Example. Free tax act Maria, an attorney, teaches a course for one semester at a law school. Free tax act She teaches 3 hours per week. Free tax act The annual work period for teachers at the school is two semesters. Free tax act All full-time instructors at the school are required to teach 12 hours per week. Free tax act Based on these facts, Maria is employed part-time for part of the annual work period. Free tax act Her year of service for this year is determined by multiplying two fractions. Free tax act Her computation is as follows: Maria's first fraction Number of semesters Maria worked = 1 Number of semesters in annual work period 2 Maria's second fraction Number of hours Maria worked per week = 3 = 1 Number of hours per week considered full-time 12 4 Maria would multiply these fractions to obtain the fractional year of service: 1 x 1 = 1         2 4 8         Figuring the Limit on Elective Deferrals You can use Part II of Worksheet 1 in chapter 9 to figure the limit on elective deferrals. Free tax act Example Floyd has figured his limit on annual additions. Free tax act The only other component needed before he can determine his MAC for 2014 is his limit on elective deferrals. Free tax act Figuring Floyd's limit on elective deferrals. Free tax act   Floyd has been employed with his current employer for less than 15 years. Free tax act He is not eligible for the special 15-year increase. Free tax act Therefore, his limit on elective deferrals for 2014 is $17,500 as shown in Table 4-2. Free tax act Floyd's employer will not make any nonelective contributions to his 403(b) account and Floyd will not make any after-tax contributions. Free tax act Additionally, Floyd's employer does not offer a Roth contribution program. Free tax act Figuring Floyd's MAC Floyd has determined that his limit on annual additions for 2014 is $52,000 and his limit on elective deferrals is $17,500. Free tax act Because elective deferrals are the only contributions made to Floyd's account, the maximum amount that can be contributed to a 403(b) account on Floyd's behalf in 2014 is $17,500, the lesser of both limits. Free tax act Table 4-2. Free tax act Worksheet 1. Free tax act Maximum Amount Contributable (MAC) Note. Free tax act Use this worksheet to figure your MAC. Free tax act Part I. Free tax act Limit on Annual Additions     1. Free tax act Enter your includible compensation for your most recent year of service 1. Free tax act $70,475 2. Free tax act Maximum: For 2013 enter $51,000 For 2014 enter $52,000 2. Free tax act 52,000 3. Free tax act Enter the lesser of line 1 or line 2. Free tax act This is your limit on annual additions 3. Free tax act 52,000   Caution: If you had only nonelective contributions, skip Part II and enter the amount from line 3 on line 18. Free tax act     Part II. Free tax act Limit on Elective Deferrals     4. Free tax act Maximum contribution: For 2013, enter $17,500 For 2014, enter $17,500 4. Free tax act 17,500   Note. Free tax act If you have at least 15 years of service with a qualifying organization, complete lines 5 through 17. Free tax act If not, enter zero (-0-) on line 16 and go to line 17. Free tax act     5. Free tax act Amount per year of service 5. Free tax act 5,000 6. Free tax act Enter your years of service 6. Free tax act   7. Free tax act Multiply line 5 by line 6 7. Free tax act   8. Free tax act Enter the total of all elective deferrals made for you by the qualifying organization for prior years 8. Free tax act   9. Free tax act Subtract line 8 from line 7. Free tax act If zero or less, enter zero (-0-) 9. Free tax act   10. Free tax act Maximum increase in limit for long service 10. Free tax act 15,000 11. Free tax act Enter the total of additional pre-tax elective deferrals made in prior years under the 15-year rule 11. Free tax act   12. Free tax act Enter the aggregate amount of all designated Roth contributions permitted for prior years under the 15-year rule 12. Free tax act   13. Free tax act Add lines 11 and 12 13. Free tax act   14. Free tax act Subtract line 13 from line 10 14. Free tax act   15. Free tax act Maximum additional contributions 15. Free tax act 3,000 16. Free tax act Enter the least of lines 9, 14, or 15. Free tax act This is your increase in the limit for long service 16. Free tax act -0- 17. Free tax act Add lines 4 and 16. Free tax act This is your limit on elective deferrals 17. Free tax act 17,500   Part III. Free tax act Maximum Amount Contributable     18. Free tax act If you had only nonelective contributions, enter the amount from line 3. Free tax act This is your MAC. Free tax act    If you had only elective deferrals, enter the lesser of lines 3 or 17. Free tax act This is your MAC. Free tax act    If you had both elective deferrals and nonelective contributions, enter the amount from line 3. Free tax act This is your MAC. Free tax act (Use the amount on line 17 to determine if you have excess elective deferrals as explained in chapter 7. Free tax act ) 18. Free tax act $17,500 Prev  Up  Next   Home   More Online Publications