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Free tax preparation 34. Free tax preparation   Child Tax Credit Table of Contents Introduction Useful Items - You may want to see: Qualifying Child Amount of CreditLimits on the Credit Claiming the Credit Additional Child Tax Credit Completing Schedule 8812 (Form 1040A or 1040)Part I Parts II–IV Introduction The child tax credit is a credit that may reduce your tax by as much as $1,000 for each of your qualifying children. Free tax preparation The additional child tax credit is a credit you may be able to take if you are not able to claim the full amount of the child tax credit. Free tax preparation This chapter explains the following. Free tax preparation Who is a qualifying child. Free tax preparation The amount of the credit. Free tax preparation How to claim the credit. Free tax preparation The child tax credit and the additional child tax credit should not be confused with the child and dependent care credit discussed in chapter 32. Free tax preparation If you have no tax. Free tax preparation   Credits, such as the child tax credit or the credit for child and dependent care expenses, are used to reduce tax. Free tax preparation If your tax on Form 1040, line 46, or Form 1040A, line 28, is zero, do not figure the child tax credit because there is no tax to reduce. Free tax preparation However, you may qualify for the additional child tax credit on line 65 (Form 1040) or line 39 (Form 1040A). Free tax preparation Useful Items - You may want to see: Publication 972 Child Tax Credit Form (and Instructions) Schedule 8812 (Form 1040A or 1040) Child Tax Credit W-4 Employee's Withholding Allowance Certificate 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. Free tax preparation S. Free tax preparation citizen, a U. Free tax preparation S. Free tax preparation national, or a resident of the United States. Free tax preparation If the child was adopted, see Adopted child , later. Free tax preparation For each qualifying child you must check the box on Form 1040 or Form 1040A, line 6c. Free tax preparation Example 1. Free tax preparation Your son turned 17 on December 30, 2013. Free tax preparation He is a citizen of the United States and you claimed him as a dependent on your return. Free tax preparation He is not a qualifying child for the child tax credit because he was not under age 17 at the end of 2013. Free tax preparation Example 2. Free tax preparation Your daughter turned 8 years old in 2013. Free tax preparation She is not a citizen of the United States, has an ITIN, and lived in Mexico all of 2013. Free tax preparation She is not a qualifying child for the child tax credit because she was not a resident of the United States for 2013. Free tax preparation Filers who have certain child dependents with an Individual Taxpayer Identification Number (ITIN). Free tax preparation   If you are claiming a child tax credit or additional child tax credit for a child you identified on your tax return with an ITIN instead of an SSN, you must complete Part I of Schedule 8812 (Form 1040A or 1040). Free tax preparation   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. Free tax preparation To be treated as a resident of the United States, a child generally will need to meet the requirements of the substantial presence test. Free tax preparation For more information about the substantial presence test, see Publication 519, U. Free tax preparation S. Free tax preparation Tax Guide for Aliens. Free tax preparation Adopted child. Free tax preparation   An adopted child is always treated as your own child. Free tax preparation An adopted child includes a child lawfully placed with you for legal adoption. Free tax preparation   If you are a U. Free tax preparation S. Free tax preparation citizen or U. Free tax preparation S. Free tax preparation 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. Free tax preparation Exceptions to time lived with you. Free tax preparation   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. Free tax preparation Temporary absences by you or the child for special circumstances, such as for school, vacation, business, medical care, military service, or detention in a juvenile facility, count as time the child lived with you. Free tax preparation   There are also exceptions for kidnapped children and children of divorced or separated parents. Free tax preparation For details, see Residency Test in chapter 3. Free tax preparation Qualifying child of more than one person. Free tax preparation   A special rule applies if your qualifying child is the qualifying child of more than one person. Free tax preparation For details, see Special Rule for Qualifying Child of More Than One Person in chapter 3. Free tax preparation Amount of Credit The maximum amount you can claim for the credit is $1,000 for each qualifying child. Free tax preparation Limits on the Credit You must reduce your child tax credit if either (1) or (2) applies. Free tax preparation The amount on Form 1040, line 46, or Form 1040A, line 28, is less than the credit. Free tax preparation If this amount is zero, you cannot take this credit because there is no tax to reduce. Free tax preparation But you may be able to take the additional child tax credit. Free tax preparation See Additional Child Tax Credit , later. Free tax preparation Your modified adjusted gross income (AGI) is more than the amount shown below for your filing status. Free tax preparation Married filing jointly - $110,000. Free tax preparation Single, head of household, or qualifying widow(er) - $75,000. Free tax preparation Married filing separately - $55,000. Free tax preparation Modified AGI. Free tax preparation   For purposes of the child tax credit, your modified AGI is your AGI plus the following amounts that may apply to you. Free tax preparation Any amount excluded from income because of the exclusion of income from  Puerto Rico. Free tax preparation On the dotted line next to Form 1040, line 38, enter the amount excluded and identify it as “EPRI. Free tax preparation ” Also attach a copy of any Form(s) 499R-2/W-2PR to your return. Free tax preparation Any amount on line 45 or line 50 of Form 2555, Foreign Earned Income. Free tax preparation Any amount on line 18 of Form 2555-EZ, Foreign Earned Income Exclusion. Free tax preparation Any amount on line 15 of Form 4563, Exclusion of Income for Bona Fide Residents of American Samoa. Free tax preparation   If you do not have any of the above, your modified AGI is the same as your AGI. Free tax preparation AGI. Free tax preparation   Your AGI is the amount on Form 1040, line 38, or Form 1040A, line 22. Free tax preparation Claiming the Credit To claim the child tax credit, you must file Form 1040 or Form 1040A. Free tax preparation You cannot claim the child tax credit on Form 1040EZ. Free tax preparation You must provide the name and identification number (usually a social security number) on your tax return for each qualifying child. Free tax preparation If you claim the child tax credit with a child identified by an ITIN, you must also file Schedule 8812. Free tax preparation To figure your credit, first review the Child Tax Credit Worksheet in your Form 1040 or 1040A instructions. Free tax preparation If you are instructed to use Publication 972, you may not use the worksheet in your tax return instructions; instead, you must use Publication 972 to figure the credit. Free tax preparation If you are not instructed to use Publication 972, you may use the Child Tax Credit Worksheet in your Form 1040 or 1040A instructions or Publication 972 to figure the credit. Free tax preparation Additional Child Tax Credit This credit is for certain individuals who get less than the full amount of the child tax credit. Free tax preparation The additional child tax credit may give you a refund even if you do not owe any tax. Free tax preparation How to claim the additional child tax credit. Free tax preparation   To claim the additional child tax credit, follow the steps below. Free tax preparation Make sure you figured the amount, if any, of your child tax credit. Free tax preparation See Claiming the Credit , earlier. Free tax preparation If you answered “Yes” on line 9 or line 10 of the Child Tax Credit Worksheet in the Form 1040 or Form 1040A instructions, or line 13 of the Child Tax Credit Worksheet in Publication 972, use Parts II through IV of Schedule 8812 to see if you can take the additional child tax credit. Free tax preparation If you have an additional child tax credit on line 13 of Schedule 8812, carry it to Form 1040, line 65, or Form 1040A, line 39. Free tax preparation Completing Schedule 8812 (Form 1040A or 1040) Schedule 8812 contains four parts, but can really be thought of as two sections. Free tax preparation Part I is distinct and separate from Parts II–IV. Free tax preparation If all your children are identified by social security numbers or IRS adoption taxpayer identification numbers and you are not claiming the additional child tax credit, you do not need to complete or attach Schedule 8812 to your tax return. Free tax preparation Part I You only need to complete Part I if you are claiming the child tax credit for a child identified by an IRS individual taxpayer identification number (ITIN). Free tax preparation When completing Part I, only answer the questions with regard to children identified by an ITIN; you do not need to complete Part I of Schedule 8812 for any child that is identified by a social security number (SSN) or an IRS adoption taxpayer identification number (ATIN). Free tax preparation If all the children for whom you checked the box in column 4 of line 6c on your Form 1040 or Form 1040A are identified by an SSN or an ATIN, you do not need to complete Part I of Schedule 8812. Free tax preparation Parts II–IV Parts II–IV help you figure your additional child tax credit. Free tax preparation Generally, you should only complete Parts II–IV if you are instructed to do so after completing the Child Tax Credit Worksheet in your tax return instructions or Publication 972. Free tax preparation See How to claim the additional child tax credit , earlier. Free tax preparation Prev  Up  Next   Home   More Online Publications
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Free tax preparation Internal Revenue Bulletin:  2010-9  March 1, 2010  Rev. Free tax preparation Proc. Free tax preparation 2010-18 Table of Contents SECTION 1. Free tax preparation PURPOSE SECTION 2. Free tax preparation BACKGROUND SECTION 3. Free tax preparation SCOPE SECTION 4. Free tax preparation APPLICATION SECTION 5. Free tax preparation EFFECTIVE DATE SECTION 6. Free tax preparation DRAFTING INFORMATION SECTION 1. Free tax preparation PURPOSE This revenue procedure provides: (1) limitations on depreciation deductions for owners of passenger automobiles first placed in service by the taxpayer during calendar year 2010, including a separate table of limitations on depreciation deductions for trucks and vans; and (2) the amounts to be included in income by lessees of passenger automobiles first leased by the taxpayer during calendar year 2010, including a separate table of inclusion amounts for lessees of trucks and vans. Free tax preparation The tables detailing these depreciation limitations and lessee inclusion amounts reflect the automobile price inflation adjustments required by § 280F(d)(7) of the Internal Revenue Code. Free tax preparation SECTION 2. Free tax preparation BACKGROUND . Free tax preparation 01 For owners of passenger automobiles, § 280F(a) imposes dollar limitations on the depreciation deduction for the year the taxpayer places the passenger automobile in service and for each succeeding year. Free tax preparation Section 280F(d)(7) requires the amounts allowable as depreciation deductions to be increased by a price inflation adjustment amount for passenger automobiles placed in service after 1988. Free tax preparation The method of calculating this price inflation amount for trucks and vans placed in service in or after calendar year 2003 uses a different CPI “automobile component” (the “new trucks” component) than that used in the price inflation amount calculation for other passenger automobiles (the “new cars” component), resulting in somewhat higher depreciation deductions for trucks and vans. Free tax preparation This change reflects the higher rate of price inflation for trucks and vans since 1988. Free tax preparation . Free tax preparation 02 Section 280F(c) requires a reduction in the deduction allowed to the lessee of a leased passenger automobile. Free tax preparation The reduction must be substantially equivalent to the limitations on the depreciation deductions imposed on owners of passenger automobiles. Free tax preparation Under § 1. Free tax preparation 280F-7(a) of the Income Tax Regulations, this reduction requires a lessee to include in gross income an inclusion amount determined by applying a formula to the amount obtained from a table. Free tax preparation One table applies to lessees of trucks and vans and another table applies to all other passenger automobiles. Free tax preparation Each table shows inclusion amounts for a range of fair market values for each taxable year after the passenger automobile is first leased. Free tax preparation SECTION 3. Free tax preparation SCOPE . Free tax preparation 01 The limitations on depreciation deductions in section 4. Free tax preparation 01(2) of this revenue procedure apply to passenger automobiles (other than leased passenger automobiles) that are placed in service by the taxpayer in calendar year 2010, and continue to apply for each taxable year that the passenger automobile remains in service. Free tax preparation . Free tax preparation 02 The tables in section 4. Free tax preparation 02 of this revenue procedure apply to leased passenger automobiles for which the lease term begins during calendar year 2010. Free tax preparation Lessees of these passenger automobiles must use these tables to determine the inclusion amount for each taxable year during which the passenger automobile is leased. Free tax preparation See Rev. Free tax preparation Proc. Free tax preparation 2005-13, 2005-1 C. Free tax preparation B. Free tax preparation 759, for passenger automobiles first leased before calendar year 2006; Rev. Free tax preparation Proc. Free tax preparation 2006-18, 2006-1 C. Free tax preparation B. Free tax preparation 645, for passenger automobiles first leased during calendar year 2006; Rev. Free tax preparation Proc. Free tax preparation 2007-30, 2007-1 C. Free tax preparation B. Free tax preparation 1104, for passenger automobiles first leased during calendar year 2007; Rev. Free tax preparation Proc. Free tax preparation 2008-22, 2008-12 I. Free tax preparation R. Free tax preparation B. Free tax preparation 658, for passenger automobiles first leased during calendar year 2008; and Rev. Free tax preparation Proc. Free tax preparation 2009-24, 2009-17 I. Free tax preparation R. Free tax preparation B. Free tax preparation 885, for passenger automobiles first leased during calendar year 2009. Free tax preparation SECTION 4. Free tax preparation APPLICATION . Free tax preparation 01 Limitations on Depreciation Deductions for Certain Automobiles. Free tax preparation (1) Amount of the inflation adjustment. Free tax preparation (a) Passenger automobiles (other than trucks or vans). Free tax preparation Under § 280F(d)(7)(B)(i), the automobile price inflation adjustment for any calendar year is the percentage (if any) by which the CPI automobile component for October of the preceding calendar year exceeds the CPI automobile component for October 1987. Free tax preparation The term “CPI automobile component” is defined in § 280F(d)(7)(B)(ii) as the “automobile component” of the Consumer Price Index for all Urban Consumers published by the Department of Labor. Free tax preparation The new car component of the CPI was 115. Free tax preparation 2 for October 1987 and 137. Free tax preparation 851 for October 2009. Free tax preparation The October 2009 index exceeded the October 1987 index by 22. Free tax preparation 651. Free tax preparation Therefore, the automobile price inflation adjustment for 2010 for passenger automobiles (other than trucks and vans) is 19. Free tax preparation 66 percent (22. Free tax preparation 651/115. Free tax preparation 2 x 100%). Free tax preparation The dollar limitations in § 280F(a) are multiplied by a factor of 0. Free tax preparation 1966, and the resulting increases, after rounding to the nearest $100, are added to the 1988 limitations to give the depreciation limitations applicable to passenger automobiles (other than trucks and vans) for calendar year 2010. Free tax preparation This adjustment applies to all passenger automobiles (other than trucks and vans) that are first placed in service in calendar year 2010. Free tax preparation (b) Trucks and vans. Free tax preparation To determine the dollar limitations for trucks and vans first placed in service during calendar year 2010, the new truck component of the CPI is used instead of the new car component. Free tax preparation The new truck component of the CPI was 112. Free tax preparation 4 for October 1987 and 140. Free tax preparation 897 for October 2009. Free tax preparation The October 2009 index exceeded the October 1987 index by 28. Free tax preparation 497. Free tax preparation Therefore, the automobile price inflation adjustment for 2010 for trucks and vans is 25. Free tax preparation 35 percent (28. Free tax preparation 497/112. Free tax preparation 4 x 100%). Free tax preparation The dollar limitations in § 280F(a) are multiplied by a factor of 0. Free tax preparation 2535, and the resulting increases, after rounding to the nearest $100, are added to the 1988 limitations to give the depreciation limitations for trucks and vans. Free tax preparation This adjustment applies to all trucks and vans that are first placed in service in calendar year 2010. Free tax preparation (2) Amount of the limitation. Free tax preparation Tables 1 and 2 contain the dollar amount of the depreciation limitation for each taxable year for passenger automobiles a taxpayer places in service in calendar year 2010. Free tax preparation Use Table 1 for a passenger automobile (other than a truck or van) and Table 2 for a truck or van placed in service in calendar year 2010. Free tax preparation REV. Free tax preparation PROC. Free tax preparation 2010-18 TABLE 1 DEPRECIATION LIMITATIONS FOR PASSENGER AUTOMOBILES (THAT ARE NOT TRUCKS OR VANS) PLACED IN SERVICE IN CALENDAR YEAR 2010 Tax Year Amount 1st Tax Year $3,060 2nd Tax Year $4,900 3rd Tax Year $2,950 Each Succeeding Year $1,775 REV. Free tax preparation PROC. Free tax preparation 2010-18 TABLE 2 DEPRECIATION LIMITATIONS FOR TRUCKS AND VANS PLACED IN SERVICE IN CALENDAR YEAR 2010 Tax Year Amount 1st Tax Year $3,160 2nd Tax Year $5,100 3rd Tax Year $3,050 Each Succeeding Year $1,875 . Free tax preparation 02 Inclusions in Income of Lessees of Passenger Automobiles. Free tax preparation A taxpayer must follow the procedures in § 1. Free tax preparation 280F-7(a) for determining the inclusion amounts for passenger automobiles first leased in calendar year 2010. Free tax preparation In applying these procedures, lessees of passenger automobiles other than trucks and vans should use Table 3 of this revenue procedure, while lessees of trucks and vans should use Table 4 of this revenue procedure. Free tax preparation REV. Free tax preparation PROC. Free tax preparation 2010-18 TABLE 3 DOLLAR AMOUNTS FOR PASSENGER AUTOMOBILES (THAT ARE NOT TRUCKS OR VANS) WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2010 Fair Market Value of Passenger Automobile Tax Year During Lease Over Not Over 1st 2nd 3rd 4th 5th & Later $16,700 $17,000 3 7 10 11 14 17,000 17,500 4 8 13 15 16 17,500 18,000 5 10 16 19 21 18,000 18,500 6 13 18 23 26 18,500 19,000 7 15 22 26 31 19,000 19,500 8 17 25 30 35 19,500 20,000 9 19 29 34 39 20,000 20,500 10 21 32 38 44 20,500 21,000 11 23 35 42 48 21,000 21,500 12 26 38 45 53 21,500 22,000 13 28 41 50 57 22,000 23,000 14 31 46 56 63 23,000 24,000 16 36 52 63 73 24,000 25,000 18 40 59 71 81 25,000 26,000 20 44 66 78 90 26,000 27,000 22 49 71 86 100 27,000 28,000 24 53 78 94 108 28,000 29,000 26 57 85 101 118 29,000 30,000 28 61 92 109 126 30,000 31,000 30 66 97 117 135 31,000 32,000 32 70 104 125 144 32,000 33,000 34 74 111 132 153 33,000 34,000 36 79 117 140 161 34,000 35,000 38 83 123 148 171 35,000 36,000 40 87 130 156 179 36,000 37,000 42 92 136 163 188 37,000 38,000 44 96 143 170 198 38,000 39,000 46 100 149 179 206 39,000 40,000 48 105 155 186 215 40,000 41,000 50 109 162 194 224 41,000 42,000 52 113 169 201 233 42,000 43,000 54 118 174 210 241 43,000 44,000 56 122 181 217 251 44,000 45,000 58 126 188 225 259 45,000 46,000 60 131 194 232 269 46,000 47,000 61 135 201 240 277 47,000 48,000 63 140 207 248 286 48,000 49,000 65 144 213 256 295 49,000 50,000 67 148 220 263 304 50,000 51,000 69 153 226 271 313 51,000 52,000 71 157 232 279 322 52,000 53,000 73 161 239 287 331 53,000 54,000 75 166 245 294 340 54,000 55,000 77 170 252 302 348 55,000 56,000 79 174 258 310 358 56,000 57,000 81 178 265 318 366 57,000 58,000 83 183 271 325 375 58,000 59,000 85 187 278 333 384 59,000 60,000 87 191 284 341 393 60,000 62,000 90 198 294 352 406 62,000 64,000 94 207 306 368 424 64,000 66,000 98 215 320 382 443 66,000 68,000 102 224 332 398 460 68,000 70,000 106 232 346 413 478 70,000 72,000 110 241 358 429 496 72,000 74,000 114 250 371 444 513 74,000 76,000 118 258 384 460 531 76,000 78,000 122 267 396 476 549 78,000 80,000 126 276 409 491 566 80,000 85,000 132 291 432 518 598 85,000 90,000 142 313 464 556 643 90,000 95,000 152 334 497 594 687 95,000 100,000 162 356 528 634 731 100,000 110,000 177 388 577 691 798 110,000 120,000 196 432 641 768 887 120,000 130,000 216 475 705 846 976 130,000 140,000 236 518 770 922 1,065 140,000 150,000 256 561 834 1,000 1,154 150,000 160,000 275 605 898 1,077 1,243 160,000 170,000 295 648 963 1,153 1,333 170,000 180,000 315 691 1,027 1,231 1,421 180,000 190,000 334 735 1,091 1,308 1,510 190,000 200,000 354 778 1,155 1,386 1,599 200,000 210,000 374 821 1,220 1,462 1,688 210,000 220,000 393 865 1,284 1,539 1,777 220,000 230,000 413 908 1,348 1,617 1,866 230,000 240,000 433 951 1,413 1,693 1,956 240,000 and up 453 995 1,476 1,771 2,044 REV. Free tax preparation PROC. Free tax preparation 2010-18 TABLE 4 DOLLAR AMOUNTS FOR TRUCKS AND VANS WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2010 Fair Market Value of Passenger Automobile Tax Year During Lease Over Not Over 1st 2nd 3rd 4th 5th & Later 17,000 17,500 3 6 9 10 11 17,500 18,000 4 8 12 14 16 18,000 18,500 5 10 15 18 21 18,500 19,000 6 12 19 22 24 19,000 19,500 7 15 21 26 29 19,500 20,000 8 17 25 29 34 20,000 20,500 9 19 28 33 38 20,500 21,000 10 21 31 37 43 21,000 21,500 11 23 35 41 47 21,500 22,000 12 25 38 45 51 22,000 23,000 13 29 42 51 58 23,000 24,000 15 33 49 58 67 24,000 25,000 17 37 56 66 76 25,000 26,000 19 42 62 73 85 26,000 27,000 21 46 68 82 93 27,000 28,000 23 50 75 89 103 28,000 29,000 25 55 81 97 111 29,000 30,000 27 59 88 104 121 30,000 31,000 29 63 94 113 129 31,000 32,000 31 68 100 120 138 32,000 33,000 33 72 107 127 148 33,000 34,000 35 76 114 135 156 34,000 35,000 37 81 119 143 165 35,000 36,000 39 85 126 151 174 36,000 37,000 41 89 133 158 183 37,000 38,000 43 94 139 166 191 38,000 39,000 45 98 145 174 201 39,000 40,000 47 102 152 182 209 40,000 41,000 49 106 159 189 218 41,000 42,000 51 111 164 198 227 42,000 43,000 53 115 171 205 236 43,000 44,000 55 119 178 213 245 44,000 45,000 57 124 184 220 254 45,000 46,000 59 128 190 228 263 46,000 47,000 60 133 197 235 272 47,000 48,000 62 137 203 244 280 48,000 49,000 64 142 209 251 290 49,000 50,000 66 146 216 259 298 50,000 51,000 68 150 223 266 308 51,000 52,000 70 154 229 275 316 52,000 53,000 72 159 235 282 325 53,000 54,000 74 163 242 290 334 54,000 55,000 76 167 249 297 343 55,000 56,000 78 172 254 305 352 56,000 57,000 80 176 261 313 361 57,000 58,000 82 180 268 320 370 58,000 59,000 84 185 274 328 378 59,000 60,000 86 189 280 336 388 60,000 62,000 89 195 291 347 401 62,000 64,000 93 204 303 363 418 64,000 66,000 97 213 315 379 436 66,000 68,000 101 221 329 394 454 68,000 70,000 105 230 341 410 472 70,000 72,000 109 239 354 424 490 72,000 74,000 113 247 367 440 508 74,000 76,000 117 256 380 455 526 76,000 78,000 121 264 393 471 543 78,000 80,000 125 273 406 486 561 80,000 85,000 131 289 428 513 592 85,000 90,000 141 310 461 552 636 90,000 95,000 151 332 492 591 681 95,000 100,000 161 353 525 629 726 100,000 110,000 176 386 573 686 793 110,000 120,000 195 430 637 763 882 120,000 130,000 215 473 701 841 971 130,000 140,000 235 516 766 918 1,059 140,000 150,000 255 559 830 995 1,149 150,000 160,000 274 603 894 1,072 1,238 160,000 170,000 294 646 958 1,150 1,326 170,000 180,000 314 689 1,023 1,226 1,416 180,000 190,000 333 733 1,087 1,303 1,505 190,000 200,000 353 776 1,151 1,381 1,594 200,000 210,000 373 819 1,216 1,457 1,683 210,000 220,000 392 863 1,280 1,534 1,772 220,000 230,000 412 906 1,344 1,612 1,861 230,000 240,000 432 949 1,409 1,689 1,949 240,000 and up 452 992 1,473 1,766 2,039 SECTION 5. Free tax preparation EFFECTIVE DATE This revenue procedure applies to passenger automobiles that a taxpayer first places in service or first leases during calendar year 2010. Free tax preparation SECTION 6. Free tax preparation DRAFTING INFORMATION The principal author of this revenue procedure is Bernard P. Free tax preparation Harvey of the Office of Associate Chief Counsel (Income Tax & Accounting). Free tax preparation For further information regarding this revenue procedure, contact Mr. Free tax preparation Harvey at (202) 622-4930 (not a toll-free call). Free tax preparation Prev  Up  Next   Home   More Internal Revenue Bulletins