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H&r Block Free File

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H&r Block Free File

H&r block free file 23. H&r block free file   Interest Expense Table of Contents Introduction Useful Items - You may want to see: Home Mortgage InterestAmount Deductible Points Mortgage Insurance Premiums Form 1098, Mortgage Interest Statement Investment InterestInvestment Property Allocation of Interest Expense Limit on Deduction Items You Cannot DeductPersonal Interest Allocation of Interest How To ReportMore than one borrower. H&r block free file Mortgage proceeds used for business or investment. H&r block free file Introduction This chapter discusses what interest expenses you can deduct. H&r block free file Interest is the amount you pay for the use of borrowed money. H&r block free file The following are types of interest you can deduct as itemized deductions on Schedule A (Form 1040). H&r block free file Home mortgage interest, including certain points and mortgage insurance premiums. H&r block free file Investment interest. H&r block free file This chapter explains these deductions. H&r block free file It also explains where to deduct other types of interest and lists some types of interest you cannot deduct. H&r block free file Use Table 23-1 to find out where to get more information on various types of interest, including investment interest. H&r block free file Useful Items - You may want to see: Publication 936 Home Mortgage Interest Deduction 550 Investment Income and Expenses Home Mortgage Interest Generally, home mortgage interest is any interest you pay on a loan secured by your home (main home or a second home). H&r block free file The loan may be a mortgage to buy your home, a second mortgage, a line of credit, or a home equity loan. H&r block free file You can deduct home mortgage interest if all the following conditions are met. H&r block free file You file Form 1040 and itemize deductions on Schedule A (Form 1040). H&r block free file The mortgage is a secured debt on a qualified home in which you have an ownership interest. H&r block free file (Generally, your mortgage is a secured debt if you put your home up as collateral to protect the interest of the lender. H&r block free file The term “qualified home” means your main home or second home. H&r block free file For details, see Publication 936. H&r block free file )  Both you and the lender must intend that the loan be repaid. H&r block free file Amount Deductible In most cases, you can deduct all of your home mortgage interest. H&r block free file How much you can deduct depends on the date of the mortgage, the amount of the mortgage, and how you use the mortgage proceeds. H&r block free file Fully deductible interest. H&r block free file   If all of your mortgages fit into one or more of the following three categories at all times during the year, you can deduct all of the interest on those mortgages. H&r block free file (If any one mortgage fits into more than one category, add the debt that fits in each category to your other debt in the same category. H&r block free file )   The three categories are as follows: Mortgages you took out on or before October 13, 1987 (called grandfathered debt). H&r block free file Mortgages you took out after October 13, 1987, to buy, build, or improve your home (called home acquisition debt), but only if throughout 2013 these mortgages plus any grandfathered debt totaled $1 million or less ($500,000 or less if married filing separately). H&r block free file Mortgages you took out after October 13, 1987, other than to buy, build, or improve your home (called home equity debt), but only if throughout 2013 these mortgages totaled $100,000 or less ($50,000 or less if married filing separately) and totaled no more than the fair market value of your home reduced by (1) and (2). H&r block free file The dollar limits for the second and third categories apply to the combined mortgages on your main home and second home. H&r block free file   See Part II of Publication 936 for more detailed definitions of grandfathered, home acquisition, and home equity debt. H&r block free file    You can use Figure 23-A to check whether your home mortgage interest is fully deductible. H&r block free file Figure 23-A. H&r block free file Is My Home Mortgage Interest Fully Deductible? Please click here for the text description of the image. H&r block free file Figure 23-A. H&r block free file Is My Interest Fully Deductible? Limits on deduction. H&r block free file   You cannot fully deduct interest on a mortgage that does not fit into any of the three categories listed earlier. H&r block free file If this applies to you, see Part II of Publication 936 to figure the amount of interest you can deduct. H&r block free file Special Situations This section describes certain items that can be included as home mortgage interest and others that cannot. H&r block free file It also describes certain special situations that may affect your deduction. H&r block free file Late payment charge on mortgage payment. H&r block free file   You can deduct as home mortgage interest a late payment charge if it was not for a specific service performed in connection with your mortgage loan. H&r block free file Mortgage prepayment penalty. H&r block free file   If you pay off your home mortgage early, you may have to pay a penalty. H&r block free file You can deduct that penalty as home mortgage interest provided the penalty is not for a specific service performed or cost incurred in connection with your mortgage loan. H&r block free file Sale of home. H&r block free file   If you sell your home, you can deduct your home mortgage interest (subject to any limits that apply) paid up to, but not including, the date of sale. H&r block free file Example. H&r block free file John and Peggy Harris sold their home on May 7. H&r block free file Through April 30, they made home mortgage interest payments of $1,220. H&r block free file The settlement sheet for the sale of the home showed $50 interest for the 6-day period in May up to, but not including, the date of sale. H&r block free file Their mortgage interest deduction is $1,270 ($1,220 + $50). H&r block free file Prepaid interest. H&r block free file   If you pay interest in advance for a period that goes beyond the end of the tax year, you must spread this interest over the tax years to which it applies. H&r block free file You can deduct in each year only the interest that qualifies as home mortgage interest for that year. H&r block free file However, there is an exception that applies to points, discussed later. H&r block free file Mortgage interest credit. H&r block free file   You may be able to claim a mortgage interest credit if you were issued a mortgage credit certificate (MCC) by a state or local government. H&r block free file Figure the credit on Form 8396, Mortgage Interest Credit. H&r block free file If you take this credit, you must reduce your mortgage interest deduction by the amount of the credit. H&r block free file   For more information on the credit, see chapter 37. H&r block free file Ministers' and military housing allowance. H&r block free file   If you are a minister or a member of the uniformed services and receive a housing allowance that is not taxable, you can still deduct your home mortgage interest. H&r block free file Hardest Hit Fund and Emergency Homeowners' Loan Programs. H&r block free file   You can use a special method to compute your deduction for mortgage interest and real estate taxes on your main home if you meet the following two conditions. H&r block free file You received assistance under: A State Housing Finance Agency (State HFA) Hardest Hit Fund program in which program payments could be used to pay mortgage interest, or An Emergency Homeowners' Loan Program administered by the Department of Housing and Urban Development (HUD) or a state. H&r block free file You meet the rules to deduct all of the mortgage interest on your loan and all of the real estate taxes on your main home. H&r block free file If you meet these tests, then you can deduct all of the payments you actually made during the year to your mortgage servicer, the State HFA, or HUD on the home mortgage (including the amount shown on box 3 of Form 1098-MA, Mortgage Assistance Payments), but not more than the sum of the amounts shown on Form 1098, Mortgage Interest Statement, in box 1 (mortgage interest received from payer(s) / borrower(s)), box 4 (mortgage insurance premiums) and box 5 (real property taxes). H&r block free file However, you are not required to use this special method to compute your deduction for mortgage interest and real estate taxes on your main home. H&r block free file Mortgage assistance payments under section 235 of the National Housing Act. H&r block free file   If you qualify for mortgage assistance payments for lower-income families under section 235 of the National Housing Act, part or all of the interest on your mortgage may be paid for you. H&r block free file You cannot deduct the interest that is paid for you. H&r block free file No other effect on taxes. H&r block free file   Do not include these mortgage assistance payments in your income. H&r block free file Also, do not use these payments to reduce other deductions, such as real estate taxes. H&r block free file Divorced or separated individuals. H&r block free file   If a divorce or separation agreement requires you or your spouse or former spouse to pay home mortgage interest on a home owned by both of you, the payment of interest may be alimony. H&r block free file See the discussion of Payments for jointly-owned home in chapter 18. H&r block free file Redeemable ground rents. H&r block free file   If you make annual or periodic rental payments on a redeemable ground rent, you can deduct them as mortgage interest. H&r block free file   Payments made to end the lease and to buy the lessor's entire interest in the land are not deductible as mortgage interest. H&r block free file For more information, see Publication 936. H&r block free file Nonredeemable ground rents. H&r block free file   Payments on a nonredeemable ground rent are not mortgage interest. H&r block free file You can deduct them as rent if they are a business expense or if they are for rental property. H&r block free file Reverse mortgages. H&r block free file   A reverse mortgage is a loan where the lender pays you (in a lump sum, a monthly advance, a line of credit, or a combination of all three) while you continue to live in your home. H&r block free file With a reverse mortgage, you retain title to your home. H&r block free file Depending on the plan, your reverse mortgage becomes due with interest when you move, sell your home, reach the end of a pre-selected loan period, or die. H&r block free file Because reverse mortgages are considered loan advances and not income, the amount you receive is not taxable. H&r block free file Any interest (including original issue discount) accrued on a reverse mortgage is not deductible until the loan is paid in full. H&r block free file Your deduction may be limited because a reverse mortgage loan generally is subject to the limit on Home Equity Debt discussed in Publication 936. H&r block free file Rental payments. H&r block free file   If you live in a house before final settlement on the purchase, any payments you make for that period are rent and not interest. H&r block free file This is true even if the settlement papers call them interest. H&r block free file You cannot deduct these payments as home mortgage interest. H&r block free file Mortgage proceeds invested in tax-exempt securities. H&r block free file   You cannot deduct the home mortgage interest on grandfathered debt or home equity debt if you used the proceeds of the mortgage to buy securities or certificates that produce tax-free income. H&r block free file “Grandfathered debt” and “home equity debt” are defined earlier under Amount Deductible. H&r block free file Refunds of interest. H&r block free file   If you receive a refund of interest in the same tax year you paid it, you must reduce your interest expense by the amount refunded to you. H&r block free file If you receive a refund of interest you deducted in an earlier year, you generally must include the refund in income in the year you receive it. H&r block free file However, you need to include it only up to the amount of the deduction that reduced your tax in the earlier year. H&r block free file This is true whether the interest overcharge was refunded to you or was used to reduce the outstanding principal on your mortgage. H&r block free file    If you received a refund of interest you overpaid in an earlier year, you generally will receive a Form 1098, Mortgage Interest Statement, showing the refund in box 3. H&r block free file For information about Form 1098, see Form 1098, Mortgage Interest Statement , later. H&r block free file   For more information on how to treat refunds of interest deducted in earlier years, see Recoveries in chapter 12. H&r block free file Points The term “points” is used to describe certain charges paid, or treated as paid, by a borrower to obtain a home mortgage. H&r block free file Points may also be called loan origination fees, maximum loan charges, loan discount, or discount points. H&r block free file A borrower is treated as paying any points that a home seller pays for the borrower's mortgage. H&r block free file See Points paid by the seller , later. H&r block free file General Rule You generally cannot deduct the full amount of points in the year paid. H&r block free file Because they are prepaid interest, you generally deduct them ratably over the life (term) of the mortgage. H&r block free file See Deduction Allowed Ratably , next. H&r block free file For exceptions to the general rule, see Deduction Allowed in Year Paid , later. H&r block free file Deduction Allowed Ratably If you do not meet the tests listed under Deduction Allowed in Year Paid , later, the loan is not a home improvement loan, or you choose not to deduct your points in full in the year paid, you can deduct the points ratably (equally) over the life of the loan if you meet all the following tests. H&r block free file You use the cash method of accounting. H&r block free file This means you report income in the year you receive it and deduct expenses in the year you pay them. H&r block free file Most individuals use this method. H&r block free file Your loan is secured by a home. H&r block free file (The home does not need to be your main home. H&r block free file ) Your loan period is not more than 30 years. H&r block free file If your loan period is more than 10 years, the terms of your loan are the same as other loans offered in your area for the same or longer period. H&r block free file Either your loan amount is $250,000 or less, or the number of points is not more than: 4, if your loan period is 15 years or less, or 6, if your loan period is more than 15 years. H&r block free file Deduction Allowed in Year Paid You can fully deduct points in the year paid if you meet all the following tests. H&r block free file (You can use Figure 23-B as a quick guide to see whether your points are fully deductible in the year paid. H&r block free file ) Your loan is secured by your main home. H&r block free file (Your main home is the one you ordinarily live in most of the time. H&r block free file ) Paying points is an established business practice in the area where the loan was made. H&r block free file The points paid were not more than the points generally charged in that area. H&r block free file You use the cash method of accounting. H&r block free file This means you report income in the year you receive it and deduct expenses in the year you pay them. H&r block free file (If you want more information about this method, see Accounting Methods in chapter 1. H&r block free file ) The points were not paid in place of amounts that ordinarily are stated separately on the settlement statement, such as appraisal fees, inspection fees, title fees, attorney fees, and property taxes. H&r block free file The funds you provided at or before closing, plus any points the seller paid, were at least as much as the points charged. H&r block free file The funds you provided are not required to have been applied to the points. H&r block free file They can include a down payment, an escrow deposit, earnest money, and other funds you paid at or before closing for any purpose. H&r block free file You cannot have borrowed these funds from your lender or mortgage broker. H&r block free file You use your loan to buy or build your main home. H&r block free file The points were computed as a percentage of the principal amount of the mortgage. H&r block free file The amount is clearly shown on the settlement statement (such as the Settlement Statement, Form HUD-1) as points charged for the mortgage. H&r block free file The points may be shown as paid from either your funds or the seller's. H&r block free file Figure 23-B. H&r block free file Are My Points Fully Deductible This Year? Please click here for the text description of the image. H&r block free file Figure 23-B. H&r block free file Are My Points Fully Deductible This Year? Note. H&r block free file If you meet all of these tests, you can choose to either fully deduct the points in the year paid, or deduct them over the life of the loan. H&r block free file Home improvement loan. H&r block free file   You can also fully deduct in the year paid points paid on a loan to improve your main home, if tests (1) through (6) are met. H&r block free file Second home. H&r block free file You cannot fully deduct in the year paid points you pay on loans secured by your second home. H&r block free file You can deduct these points only over the life of the loan. H&r block free file Refinancing. H&r block free file   Generally, points you pay to refinance a mortgage are not deductible in full in the year you pay them. H&r block free file This is true even if the new mortgage is secured by your main home. H&r block free file   However, if you use part of the refinanced mortgage proceeds to improve your main home and you meet the first 6 tests listed under Deduction Allowed in Year Paid , earlier, you can fully deduct the part of the points related to the improvement in the year you paid them with your own funds. H&r block free file You can deduct the rest of the points over the life of the loan. H&r block free file Example 1. H&r block free file In 1998, Bill Fields got a mortgage to buy a home. H&r block free file In 2013, Bill refinanced that mortgage with a 15-year $100,000 mortgage loan. H&r block free file The mortgage is secured by his home. H&r block free file To get the new loan, he had to pay three points ($3,000). H&r block free file Two points ($2,000) were for prepaid interest, and one point ($1,000) was charged for services, in place of amounts that ordinarily are stated separately on the settlement statement. H&r block free file Bill paid the points out of his private funds, rather than out of the proceeds of the new loan. H&r block free file The payment of points is an established practice in the area, and the points charged are not more than the amount generally charged there. H&r block free file Bill's first payment on the new loan was due July 1. H&r block free file He made six payments on the loan in 2013 and is a cash basis taxpayer. H&r block free file Bill used the funds from the new mortgage to repay his existing mortgage. H&r block free file Although the new mortgage loan was for Bill's continued ownership of his main home, it was not for the purchase or improvement of that home. H&r block free file He cannot deduct all of the points in 2013. H&r block free file He can deduct two points ($2,000) ratably over the life of the loan. H&r block free file He deducts $67 [($2,000 ÷ 180 months) × 6 payments] of the points in 2013. H&r block free file The other point ($1,000) was a fee for services and is not deductible. H&r block free file Example 2. H&r block free file The facts are the same as in Example 1, except that Bill used $25,000 of the loan proceeds to improve his home and $75,000 to repay his existing mortgage. H&r block free file Bill deducts 25% ($25,000 ÷ $100,000) of the points ($2,000) in 2013. H&r block free file His deduction is $500 ($2,000 × 25%). H&r block free file Bill also deducts the ratable part of the remaining $1,500 ($2,000 − $500) that must be spread over the life of the loan. H&r block free file This is $50 [($1,500 ÷ 180 months) × 6 payments] in 2013. H&r block free file The total amount Bill deducts in 2013 is $550 ($500 + $50). H&r block free file Special Situations This section describes certain special situations that may affect your deduction of points. H&r block free file Original issue discount. H&r block free file   If you do not qualify to either deduct the points in the year paid or deduct them ratably over the life of the loan, or if you choose not to use either of these methods, the points reduce the issue price of the loan. H&r block free file This reduction results in original issue discount, which is discussed in chapter 4 of Publication 535. H&r block free file Amounts charged for services. H&r block free file   Amounts charged by the lender for specific services connected to the loan are not interest. H&r block free file Examples of these charges are: Appraisal fees, Notary fees, and Preparation costs for the mortgage note or deed of trust. H&r block free file You cannot deduct these amounts as points either in the year paid or over the life of the mortgage. H&r block free file Points paid by the seller. H&r block free file   The term “points” includes loan placement fees that the seller pays to the lender to arrange financing for the buyer. H&r block free file Treatment by seller. H&r block free file   The seller cannot deduct these fees as interest. H&r block free file But they are a selling expense that reduces the amount realized by the seller. H&r block free file See chapter 15 for information on selling your home. H&r block free file Treatment by buyer. H&r block free file    The buyer reduces the basis of the home by the amount of the seller-paid points and treats the points as if he or she had paid them. H&r block free file If all the tests under Deduction Allowed in Year Paid , earlier, are met, the buyer can deduct the points in the year paid. H&r block free file If any of those tests are not met, the buyer deducts the points over the life of the loan. H&r block free file   For information about basis, see chapter 13. H&r block free file Funds provided are less than points. H&r block free file   If you meet all the tests in Deduction Allowed in Year Paid , earlier, except that the funds you provided were less than the points charged to you (test (6)), you can deduct the points in the year paid, up to the amount of funds you provided. H&r block free file In addition, you can deduct any points paid by the seller. H&r block free file Example 1. H&r block free file When you took out a $100,000 mortgage loan to buy your home in December, you were charged one point ($1,000). H&r block free file You meet all the tests for deducting points in the year paid, except the only funds you provided were a $750 down payment. H&r block free file Of the $1,000 charged for points, you can deduct $750 in the year paid. H&r block free file You spread the remaining $250 over the life of the mortgage. H&r block free file Example 2. H&r block free file The facts are the same as in Example 1, except that the person who sold you your home also paid one point ($1,000) to help you get your mortgage. H&r block free file In the year paid, you can deduct $1,750 ($750 of the amount you were charged plus the $1,000 paid by the seller). H&r block free file You spread the remaining $250 over the life of the mortgage. H&r block free file You must reduce the basis of your home by the $1,000 paid by the seller. H&r block free file Excess points. H&r block free file   If you meet all the tests in Deduction Allowed in Year Paid , earlier, except that the points paid were more than generally paid in your area (test (3)), you deduct in the year paid only the points that are generally charged. H&r block free file You must spread any additional points over the life of the mortgage. H&r block free file Mortgage ending early. H&r block free file   If you spread your deduction for points over the life of the mortgage, you can deduct any remaining balance in the year the mortgage ends. H&r block free file However, if you refinance the mortgage with the same lender, you cannot deduct any remaining balance of spread points. H&r block free file Instead, deduct the remaining balance over the term of the new loan. H&r block free file    A mortgage may end early due to a prepayment, refinancing, foreclosure, or similar event. H&r block free file Example. H&r block free file Dan paid $3,000 in points in 2002 that he had to spread out over the 15-year life of the mortgage. H&r block free file He deducts $200 points per year. H&r block free file Through 2012, Dan has deducted $2,200 of the points. H&r block free file Dan prepaid his mortgage in full in 2013. H&r block free file He can deduct the remaining $800 of points in 2013. H&r block free file Limits on deduction. H&r block free file   You cannot fully deduct points paid on a mortgage unless the mortgage fits into one of the categories listed earlier under Fully deductible interest . H&r block free file See Publication 936 for details. H&r block free file Mortgage Insurance Premiums You can treat amounts you paid during 2013 for qualified mortgage insurance as home mortgage interest. H&r block free file The insurance must be in connection with home acquisition debt and the insurance contract must have been issued after 2006. H&r block free file Qualified mortgage insurance. H&r block free file   Qualified mortgage insurance is mortgage insurance provided by the Department of Veterans Affairs, the Federal Housing Administration, or the Rural Housing Service, and private mortgage insurance (as defined in section 2 of the Homeowners Protection Act of 1998 as in effect on December 20, 2006). H&r block free file   Mortgage insurance provided by the Department of Veterans Affairs is commonly known as a funding fee. H&r block free file If provided by the Rural Housing Service, it is commonly known as a guarantee fee. H&r block free file These fees can be deducted fully in 2013 if the mortgage insurance contract was issued in 2013. H&r block free file Contact the mortgage insurance issuer to determine the deductible amount if it is not reported in box 4 of Form 1098. H&r block free file Special rules for prepaid mortgage insurance. H&r block free file   Generally, if you paid premiums for qualified mortgage insurance that are allocable to periods after the close of the tax year, such premiums are treated as paid in the period to which they are allocated. H&r block free file You must allocate the premiums over the shorter of the stated term of the mortgage or 84 months, beginning with the month the insurance was obtained. H&r block free file No deduction is allowed for the unamortized balance if the mortgage is satisfied before its term. H&r block free file This paragraph does not apply to qualified mortgage insurance provided by the Department of Veterans Affairs or the Rural Housing Service. H&r block free file See the Example below. H&r block free file Example. H&r block free file Ryan purchased a home in May of 2012 and financed the home with a 15-year mortgage. H&r block free file Ryan also prepaid all of the $9,240 in private mortgage insurance required at the time of closing in May. H&r block free file Since the $9,240 in private mortgage insurance is allocable to periods after 2012, Ryan must allocate the $9,240 over the shorter of the life of the mortgage or 84 months. H&r block free file Ryan's adjusted gross income (AGI) for 2012 is $76,000. H&r block free file Ryan can deduct $880 ($9,240 ÷ 84 × 8 months) for qualified mortgage insurance premiums in 2012. H&r block free file For 2013, Ryan can deduct $1,320 ($9,240 ÷ 84 × 12 months) if his AGI is $100,000 or less. H&r block free file In this example, the mortgage insurance premiums are allocated over 84 months, which is shorter than the life of the mortgage of 15 years (180 months). H&r block free file Limit on deduction. H&r block free file   If your adjusted gross income on Form 1040, line 38, is more than $100,000 ($50,000 if your filing status is married filing separately), the amount of your mortgage insurance premiums that are otherwise deductible is reduced and may be eliminated. H&r block free file See Line 13 in the instructions for Schedule A (Form 1040) and complete the Mortgage Insurance Premiums Deduction Worksheet to figure the amount you can deduct. H&r block free file If your adjusted gross income is more than $109,000 ($54,500 if married filing separately), you cannot deduct your mortgage insurance premiums. H&r block free file Form 1098, Mortgage Interest Statement If you paid $600 or more of mortgage interest (including certain points and mortgage insurance premiums) during the year on any one mortgage, you generally will receive a Form 1098 or a similar statement from the mortgage holder. H&r block free file You will receive the statement if you pay interest to a person (including a financial institution or a cooperative housing corporation) in the course of that person's trade or business. H&r block free file A governmental unit is a person for purposes of furnishing the statement. H&r block free file The statement for each year should be sent to you by January 31 of the following year. H&r block free file A copy of this form will also be sent to the IRS. H&r block free file The statement will show the total interest you paid during the year, any mortgage insurance premiums you paid, and if you purchased a main home during the year, it also will show the deductible points paid during the year, including seller-paid points. H&r block free file However, it should not show any interest that was paid for you by a government agency. H&r block free file As a general rule, Form 1098 will include only points that you can fully deduct in the year paid. H&r block free file However, certain points not included on Form 1098 also may be deductible, either in the year paid or over the life of the loan. H&r block free file See Points , earlier, to determine whether you can deduct points not shown on Form 1098. H&r block free file Prepaid interest on Form 1098. H&r block free file   If you prepaid interest in 2013 that accrued in full by January 15, 2014, this prepaid interest may be included in box 1 of Form 1098. H&r block free file However, you cannot deduct the prepaid amount for January 2014 in 2013. H&r block free file (See Prepaid interest , earlier. H&r block free file ) You will have to figure the interest that accrued for 2014 and subtract it from the amount in box 1. H&r block free file You will include the interest for January 2014 with the other interest you pay for 2014. H&r block free file See How To Report , later. H&r block free file Refunded interest. H&r block free file   If you received a refund of mortgage interest you overpaid in an earlier year, you generally will receive a Form 1098 showing the refund in box 3. H&r block free file See Refunds of interest , earlier. H&r block free file Mortgage insurance premiums. H&r block free file   The amount of mortgage insurance premiums you paid during 2013 may be shown in box 4 of Form 1098. H&r block free file See Mortgage Insurance Premiums, earlier. H&r block free file Investment Interest This section discusses interest expenses you may be able to deduct as an investor. H&r block free file If you borrow money to buy property you hold for investment, the interest you pay is investment interest. H&r block free file You can deduct investment interest subject to the limit discussed later. H&r block free file However, you cannot deduct interest you incurred to produce tax-exempt income. H&r block free file Nor can you deduct interest expenses on straddles. H&r block free file Investment interest does not include any qualified home mortgage interest or any interest taken into account in computing income or loss from a passive activity. H&r block free file Investment Property Property held for investment includes property that produces interest, dividends, annuities, or royalties not derived in the ordinary course of a trade or business. H&r block free file It also includes property that produces gain or loss (not derived in the ordinary course of a trade or business) from the sale or trade of property producing these types of income or held for investment (other than an interest in a passive activity). H&r block free file Investment property also includes an interest in a trade or business activity in which you did not materially participate (other than a passive activity). H&r block free file Partners, shareholders, and beneficiaries. H&r block free file   To determine your investment interest, combine your share of investment interest from a partnership, S corporation, estate, or trust with your other investment interest. H&r block free file Allocation of Interest Expense If you borrow money for business or personal purposes as well as for investment, you must allocate the debt among those purposes. H&r block free file Only the interest expense on the part of the debt used for investment purposes is treated as investment interest. H&r block free file The allocation is not affected by the use of property that secures the debt. H&r block free file Limit on Deduction Generally, your deduction for investment interest expense is limited to the amount of your net investment income. H&r block free file You can carry over the amount of investment interest that you could not deduct because of this limit to the next tax year. H&r block free file The interest carried over is treated as investment interest paid or accrued in that next year. H&r block free file You can carry over disallowed investment interest to the next tax year even if it is more than your taxable income in the year the interest was paid or accrued. H&r block free file Net Investment Income Determine the amount of your net investment income by subtracting your investment expenses (other than interest expense) from your investment income. H&r block free file Investment income. H&r block free file    This generally includes your gross income from property held for investment (such as interest, dividends, annuities, and royalties). H&r block free file Investment income does not include Alaska Permanent Fund dividends. H&r block free file It also does not include qualified dividends or net capital gain unless you choose to include them. H&r block free file Choosing to include qualified dividends. H&r block free file   Investment income generally does not include qualified dividends, discussed in chapter 8. H&r block free file However, you can choose to include all or part of your qualified dividends in investment income. H&r block free file   You make this choice by completing Form 4952, line 4g, according to its instructions. H&r block free file   If you choose to include any amount of your qualified dividends in investment income, you must reduce your qualified dividends that are eligible for the lower capital gains tax rates by the same amount. H&r block free file Choosing to include net capital gain. H&r block free file   Investment income generally does not include net capital gain from disposing of investment property (including capital gain distributions from mutual funds). H&r block free file However, you can choose to include all or part of your net capital gain in investment income. H&r block free file    You make this choice by completing Form 4952, line 4g, according to its instructions. H&r block free file   If you choose to include any amount of your net capital gain in investment income, you must reduce your net capital gain that is eligible for the lower capital gains tax rates by the same amount. H&r block free file    Before making either choice, consider the overall effect on your tax liability. H&r block free file Compare your tax if you make one or both of these choices with your tax if you do not. H&r block free file Investment income of child reported on parent's return. H&r block free file    Investment income includes the part of your child's interest and dividend income that you choose to report on your return. H&r block free file If the child does not have qualified dividends, Alaska Permanent Fund dividends, or capital gain distributions, this is the amount on line 6 of Form 8814, Parents' Election To Report Child's Interest and Dividends. H&r block free file Child's qualified dividends. H&r block free file   If part of the amount you report is your child's qualified dividends, that part (which is reported on Form 1040, line 9b) generally does not count as investment income. H&r block free file However, you can choose to include all or part of it in investment income, as explained under Choosing to include qualified dividends , earlier. H&r block free file   Your investment income also includes the amount on Form 8814, line 12 (or, if applicable, the reduced amount figured next under Child's Alaska Permanent Fund dividends). H&r block free file Child's Alaska Permanent Fund dividends. H&r block free file   If part of the amount you report is your child's Alaska Permanent Fund dividends, that part does not count as investment income. H&r block free file To figure the amount of your child's income that you can consider your investment income, start with the amount on Form 8814, line 6. H&r block free file Multiply that amount by a percentage that is equal to the Alaska Permanent Fund dividends divided by the total amount on Form 8814, line 4. H&r block free file Subtract the result from the amount on Form 8814, line 12. H&r block free file Child's capital gain distributions. H&r block free file    If part of the amount you report is your child's capital gain distributions, that part (which is reported on Schedule D, line 13, or Form 1040, line 13) generally does not count as investment income. H&r block free file However, you can choose to include all or part of it in investment income, as explained in Choosing to include net capital gain , earlier. H&r block free file   Your investment income also includes the amount on Form 8814, line 12 (or, if applicable, the reduced amount figured under Child's Alaska Permanent Fund dividends , earlier). H&r block free file Investment expenses. H&r block free file   Investment expenses are your allowed deductions (other than interest expense) directly connected with the production of investment income. H&r block free file Investment expenses that are included as a miscellaneous itemized deduction on Schedule A (Form 1040) are allowable deductions after applying the 2% limit that applies to miscellaneous itemized deductions. H&r block free file Use the smaller of: The investment expenses included on Schedule A (Form 1040), line 23, or The amount on Schedule A, line 27. H&r block free file Losses from passive activities. H&r block free file   Income or expenses that you used in computing income or loss from a passive activity are not included in determining your investment income or investment expenses (including investment interest expense). H&r block free file See Publication 925, Passive Activity and At-Risk Rules, for information about passive activities. H&r block free file Form 4952 Use Form 4952, Investment Interest Expense Deduction, to figure your deduction for investment interest. H&r block free file Exception to use of Form 4952. H&r block free file   You do not have to complete Form 4952 or attach it to your return if you meet all of the following tests. H&r block free file Your investment interest expense is not more than your investment income from interest and ordinary dividends minus any qualified dividends. H&r block free file You do not have any other deductible investment expenses. H&r block free file You have no carryover of investment interest expense from 2012. H&r block free file If you meet all of these tests, you can deduct all of your investment interest. H&r block free file More Information For more information on investment interest, see Interest Expenses in chapter 3 of Publication 550. H&r block free file Items You Cannot Deduct Some interest payments are not deductible. H&r block free file Certain expenses similar to interest also are not deductible. H&r block free file Nondeductible expenses include the following items. H&r block free file Personal interest (discussed later). H&r block free file Service charges (however, see Other Expenses (Line 23) in chapter 28). H&r block free file Annual fees for credit cards. H&r block free file Loan fees. H&r block free file Credit investigation fees. H&r block free file Interest to purchase or carry tax-exempt securities. H&r block free file Penalties. H&r block free file   You cannot deduct fines and penalties paid to a government for violations of law, regardless of their nature. H&r block free file Personal Interest Personal interest is not deductible. H&r block free file Personal interest is any interest that is not home mortgage interest, investment interest, business interest, or other deductible interest. H&r block free file It includes the following items. H&r block free file Interest on car loans (unless you use the car for business). H&r block free file Interest on federal, state, or local income tax. H&r block free file Finance charges on credit cards, retail installment contracts, and revolving charge accounts incurred for personal expenses. H&r block free file Late payment charges by a public utility. H&r block free file You may be able to deduct interest you pay on a qualified student loan. H&r block free file For details, see Publication 970, Tax Benefits for Education. H&r block free file Allocation of Interest If you use the proceeds of a loan for more than one purpose (for example, personal and business), you must allocate the interest on the loan to each use. H&r block free file However, you do not have to allocate home mortgage interest if it is fully deductible, regardless of how the funds are used. H&r block free file You allocate interest (other than fully deductible home mortgage interest) on a loan in the same way as the loan itself is allocated. H&r block free file You do this by tracing disbursements of the debt proceeds to specific uses. H&r block free file For details on how to do this, see chapter 4 of Publication 535. H&r block free file How To Report You must file Form 1040 to deduct any home mortgage interest expense on your tax return. H&r block free file Where you deduct your interest expense generally depends on how you use the loan proceeds. H&r block free file See Table 23-1 for a summary of where to deduct your interest expense. H&r block free file Home mortgage interest and points. H&r block free file   Deduct the home mortgage interest and points reported to you on Form 1098 on Schedule A (Form 1040), line 10. H&r block free file If you paid more deductible interest to the financial institution than the amount shown on Form 1098, show the larger deductible amount on line 10. H&r block free file Attach a statement explaining the difference and print “See attached” next to line 10. H&r block free file    Deduct home mortgage interest that was not reported to you on Form 1098 on Schedule A (Form 1040), line 11. H&r block free file If you paid home mortgage interest to the person from whom you bought your home, show that person's name, address, and taxpayer identification number (TIN) on the dotted lines next to line 11. H&r block free file The seller must give you this number and you must give the seller your TIN. H&r block free file A Form W-9, Request for Taxpayer Identification Number and Certification, can be used for this purpose. H&r block free file Failure to meet any of these requirements may result in a $50 penalty for each failure. H&r block free file The TIN can be either a social security number, an individual taxpayer identification number (issued by the Internal Revenue Service), or an employer identification number. H&r block free file See Social Security Number (SSN) in chapter 1 for more information about TINs. H&r block free file    If you can take a deduction for points that were not reported to you on Form 1098, deduct those points on Schedule A (Form 1040), line 12. H&r block free file   Deduct mortgage insurance premiums on Schedule A (Form 1040), line 13. H&r block free file More than one borrower. H&r block free file   If you and at least one other person (other than your spouse if you file a joint return) were liable for and paid interest on a mortgage that was for your home, and the other person received a Form 1098 showing the interest that was paid during the year, attach a statement to your return explaining this. H&r block free file Show how much of the interest each of you paid, and give the name and address of the person who received the form. H&r block free file Deduct your share of the interest on Schedule A (Form 1040), line 11, and print “See attached” next to the line. H&r block free file Also, deduct your share of any qualified mortgage insurance premiums on Schedule A (Form 1040), line 13. H&r block free file   Similarly, if you are the payer of record on a mortgage on which there are other borrowers entitled to a deduction for the interest shown on the Form 1098 you received, deduct only your share of the interest on Schedule A (Form 1040), line 10. H&r block free file You should let each of the other borrowers know what his or her share is. H&r block free file Mortgage proceeds used for business or investment. H&r block free file    If your home mortgage interest deduction is limited, but all or part of the mortgage proceeds were used for business, investment, or other deductible activities, see Table 23-1. H&r block free file It shows where to deduct the part of your excess interest that is for those activities. H&r block free file Investment interest. H&r block free file    Deduct investment interest, subject to certain limits discussed in Publication 550, on Schedule A (Form 1040), line 14. H&r block free file Amortization of bond premium. H&r block free file   There are various ways to treat the premium you pay to buy taxable bonds. H&r block free file See Bond Premium Amortization in Publication 550. H&r block free file Income-producing rental or royalty interest. H&r block free file   Deduct interest on a loan for income-producing rental or royalty property that is not used in your business in Part I of Schedule E (Form 1040). H&r block free file Example. H&r block free file You rent out part of your home and borrow money to make repairs. H&r block free file You can deduct only the interest payment for the rented part in Part I of Schedule E (Form 1040). H&r block free file Deduct the rest of the interest payment on Schedule A (Form 1040) if it is deductible home mortgage interest. H&r block free file Table 23-1. H&r block free file Where To Deduct Your Interest Expense IF you have . H&r block free file . H&r block free file . H&r block free file THEN deduct it on . H&r block free file . H&r block free file . H&r block free file AND for more information go to . H&r block free file . H&r block free file . H&r block free file deductible student loan interest Form 1040, line 33, or Form 1040A, line 18 Publication 970. H&r block free file deductible home mortgage interest and points reported on Form 1098 Schedule A (Form 1040), line 10 Publication 936. H&r block free file deductible home mortgage interest not reported on Form 1098 Schedule A (Form 1040), line 11 Publication 936. H&r block free file deductible points not reported on Form 1098 Schedule A (Form 1040), line 12 Publication 936. H&r block free file deductible mortgage insurance premiums Schedule A (Form 1040), line 13 Publication 936. H&r block free file deductible investment interest (other than incurred to produce rents or royalties) Schedule A (Form 1040), line 14 Publication 550. H&r block free file deductible business interest (non-farm) Schedule C or C-EZ (Form 1040) Publication 535. H&r block free file deductible farm business interest Schedule F (Form 1040) Publications 225 and 535. H&r block free file deductible interest incurred to produce rents or royalties Schedule E (Form 1040) Publications 527 and 535. H&r block free file personal interest not deductible. H&r block free file Prev  Up  Next   Home   More Online Publications
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    The H&r Block Free File

    H&r block free file Index A Abroad, citizens living, filing requirements, U. H&r block free file S. H&r block free file Citizens or Resident Aliens Living Abroad Absence, temporary, Temporary absences. H&r block free file , Temporary absences. H&r block free file , Temporary absences. H&r block free file Accounting periods, joint returns, Accounting period. H&r block free file Adopted child, Exception for adopted child. H&r block free file , Adopted child. H&r block free file , Adopted child. H&r block free file Taxpayer identification number, Taxpayer identification numbers for adoptees. H&r block free file Age Filing status determination, Age. H&r block free file Gross income and filing requirements (Table 1), Table 1. H&r block free file 2013 Filing Requirements Chart for Most Taxpayers Standard deduction for age 65 or older, Higher Standard Deduction for Age (65 or Older) Test, Age Test Aliens Dual-status (see Dual-status taxpayers) Nonresident (see Nonresident aliens) Alimony, Alimony. H&r block free file Alternative minimum tax (AMT), effect on filing requirements (Table 3), Table 3. H&r block free file Other Situations When You Must File a 2013 Return Amended returns, Joint Return After Separate Returns, Changing your mind. H&r block free file (see also Form 1040X) Change from itemized to standard deduction (or vice versa), Electing to itemize for state tax or other purposes. H&r block free file American citizens abroad, U. H&r block free file S. H&r block free file Citizens or Resident Aliens Living Abroad Annulled marriages, filing status, Annulled marriages. H&r block free file Armed forces Combat zone, signing return for spouse, Spouse in combat zone. H&r block free file Dependency allotments, Armed Forces dependency allotments. H&r block free file GI Bill benefits, Tuition payments and allowances under the GI Bill. H&r block free file Military quarters allotments, Tax-exempt military quarters allowances. H&r block free file Assistance (see Tax help) ATINs (Adoption taxpayer identification numbers), Taxpayer identification numbers for adoptees. H&r block free file B Birth of child, Death or birth. H&r block free file Blind persons, standard deduction, Higher Standard Deduction for Blindness C Canada, resident of, U. H&r block free file S. H&r block free file citizen or resident alien. H&r block free file , Citizen or Resident Test, Child in Canada or Mexico. H&r block free file Capital expenses, Capital expenses. H&r block free file Child born alive, Child born alive. H&r block free file Child care expenses, Child care expenses. H&r block free file Child custody, Custodial parent and noncustodial parent. H&r block free file Child support under pre-1985 agreement, Child support under pre-1985 agreement. H&r block free file Child tax credit, Child tax credit. H&r block free file Child, qualifying, Qualifying Child Children Adopted child (see Adoption) Adoption (see Adopted child) Birth of child, Death or birth. H&r block free file , Death or birth. H&r block free file Claiming parent, when child is head of household, Special rule for parent. H&r block free file Custody of, Custodial parent and noncustodial parent. H&r block free file Death of child, Death or birth. H&r block free file , Death or birth. H&r block free file Dividends of, Unearned income. H&r block free file Filing requirements as dependents (Table 2), Table 2. H&r block free file 2013 Filing Requirements for Dependents Investment income of child under age 18, Table 2. H&r block free file 2013 Filing Requirements for Dependents , Unearned income. H&r block free file Kidnapped, Kidnapped child. H&r block free file , Kidnapped child. H&r block free file Social security number, Social Security Numbers for Dependents Stillborn, Stillborn child. H&r block free file Church employees, filing requirements (Table 3), Table 3. H&r block free file Other Situations When You Must File a 2013 Return Citizen or resident test, Citizen or Resident Test Citizens outside U. H&r block free file S. H&r block free file , filing requirements, U. H&r block free file S. H&r block free file Citizens or Resident Aliens Living Abroad Common law marriage, Considered married. H&r block free file Community property states, Community property states. H&r block free file Cousin, Cousin. H&r block free file Custody of child, Custodial parent and noncustodial parent. H&r block free file D Death Of child, Death or birth of child. H&r block free file Of dependent, Death or birth. H&r block free file , Death or birth. H&r block free file Of spouse, Spouse died during the year. H&r block free file , Spouse died. H&r block free file , Spouse died before signing. H&r block free file , Death of spouse. H&r block free file Decedents, Spouse died during the year. H&r block free file , Decedent's final return. H&r block free file (see also Death of spouse) Filing requirements, Deceased Persons Deductions Personal exemption, Personal Exemptions Standard deduction, Standard Deduction Dependent taxpayer test, Dependent Taxpayer Test Dependents Birth of, Death or birth. H&r block free file Born and died within year, Born and died in 2013. H&r block free file Child's earnings, Child's earnings. H&r block free file Death of, Death or birth. H&r block free file Earned income, Earned income. H&r block free file Exemption for, Exemptions for Dependents Filing requirements, Table 2. H&r block free file 2013 Filing Requirements for Dependents , Dependents Married, filing joint return, Joint Return Test, Joint Return Test (To Be a Qualifying Child) Not allowed to claim dependents, Dependent Taxpayer Test Qualifying child, Qualifying Child Qualifying relative, Qualifying Relative Social security number, Social Security Numbers for Dependents, Taxpayer identification numbers for adoptees. H&r block free file Standard deduction for, Standard Deduction for Dependents Unearned income, Unearned income. H&r block free file Disabled Child, Permanently and totally disabled. H&r block free file Dependent, Disabled dependent working at sheltered workshop. H&r block free file Divorced parents, Children of divorced or separated parents (or parents who live apart). H&r block free file Divorced taxpayers Child custody, Custodial parent and noncustodial parent. H&r block free file Filing status, Divorced persons. H&r block free file , Divorce and remarriage. H&r block free file , Divorced persons. H&r block free file Joint returns, responsibility for, Divorced taxpayer. H&r block free file Personal exemption, Divorced or separated spouse. H&r block free file Domestic help, no exemption for, Housekeepers, maids, or servants. H&r block free file Dual-status taxpayers Exemptions, Dual-status taxpayers. H&r block free file Joint returns not available, Nonresident alien or dual-status alien. H&r block free file E Earned income Defined for purposes of standard deduction, Earned income defined. H&r block free file Dependent filing requirements (Table 2), Table 2. H&r block free file 2013 Filing Requirements for Dependents Earned income credit Two persons with same qualifying child, Special Rule for Qualifying Child of More Than One Person Elderly persons Home for the aged, Home for the aged. H&r block free file Standard deduction for age 65 or older, Higher Standard Deduction for Age (65 or Older) Equitable relief, Innocent spouse, Relief from joint responsibility. H&r block free file Exemptions, Exemptions, Taxpayer identification numbers for adoptees. H&r block free file Dependents, Exemptions for Dependents Personal (see Personal exemption) F Fair rental value, Fair rental value defined. H&r block free file Figures (see Tables and figures) Filing requirements, Who Must File, Filing Status Filing status, Filing Status, Qualifying Widow(er) With Dependent Child Annulled marriages, Annulled marriages. H&r block free file Change to Joint return after separate returns, Joint Return After Separate Returns Separate returns after joint return, Separate Returns After Joint Return, Kidnapped child. H&r block free file Determination of, Filing status. H&r block free file , Filing Status Head of household, Head of household or qualifying widow(er) with dependent child. H&r block free file , Head of Household Marital status, determination of, Marital Status Married filing jointly (see Joint returns) Married filing separately (see Married filing separately) Unmarried persons (see Single taxpayers) Food benefits, Support provided by the state (welfare, food benefits, housing, etc. H&r block free file ). H&r block free file Foreign employment, filing requirements, U. H&r block free file S. H&r block free file Citizens or Resident Aliens Living Abroad Foreign students, Foreign students' place of residence. H&r block free file Form 1040 Personal exemption, Form 1040 filers. H&r block free file Social security numbers, Social Security Numbers for Dependents Use of, How to file. H&r block free file , How to file. H&r block free file , How to file. H&r block free file Form 1040A Personal exemption, Form 1040A filers. H&r block free file Social security numbers, Social Security Numbers for Dependents Use of, How to file. H&r block free file , How to file. H&r block free file , How to file. H&r block free file Form 1040EZ Personal exemption, Form 1040EZ filers. H&r block free file Use of, How to file. H&r block free file , How to file. H&r block free file Form 1040X Change of filing status, Joint Return After Separate Returns Itemized deductions, change to standard deduction, Changing your mind. H&r block free file Standard deduction, change to itemized deductions, Changing your mind. H&r block free file Form 1099-B, Form 1099-B received. H&r block free file Form 8814, parents' election to report child's interest and dividends, Election to report child's unearned income on parent's return. H&r block free file Form 8857, innocent spouse relief, Relief from joint responsibility. H&r block free file Form SS-5, social security number request, No SSN. H&r block free file Form W-7, individual taxpayer identification number request, Taxpayer identification numbers for aliens. H&r block free file Form W-7A, adoption taxpayer identification number request, Taxpayer identification numbers for adoptees. H&r block free file Foster care payments and expenses, Foster care payments and expenses. H&r block free file , Foster care. H&r block free file Foster child, Foster child. H&r block free file , Foster care payments and expenses. H&r block free file , Foster child. H&r block free file , Foster care. H&r block free file Free tax services, Free help with your tax return. H&r block free file Funeral expenses, Do Not Include in Total Support G GI Bill benefits, Tuition payments and allowances under the GI Bill. H&r block free file Gross income Defined, Gross income. H&r block free file Filing requirements (Table 1), Table 1. H&r block free file 2013 Filing Requirements Chart for Most Taxpayers Dependent filing requirements (Table 2), Table 2. H&r block free file 2013 Filing Requirements for Dependents Test, Gross Income Test Group-term life insurance, Table 3. H&r block free file Other Situations When You Must File a 2013 Return H Head of household, Head of Household, Kidnapped child. H&r block free file Exemption for spouse, Head of household. H&r block free file Filing requirements (Table 1), Table 1. H&r block free file 2013 Filing Requirements Chart for Most Taxpayers Health insurance premiums, Medical insurance premiums. H&r block free file Help (see Tax help) Home Aged, home for, Home for the aged. H&r block free file Cost of keeping up, Keeping Up a Home Household workers, no exemption for, Housekeepers, maids, or servants. H&r block free file I Income Gross, Gross Income Test Tax exempt, Tax-exempt income. H&r block free file Individual retirement arrangements (IRAs) Filing requirements (Table 3), Table 3. H&r block free file Other Situations When You Must File a 2013 Return Married filing separately, Individual retirement arrangements (IRAs). H&r block free file Individual taxpayer identification numbers (ITINs), Reminders, Taxpayer identification numbers for aliens. H&r block free file Innocent spouse relief, Relief from joint responsibility. H&r block free file Insurance premiums Life, Do Not Include in Total Support Medical, Medical insurance premiums. H&r block free file IRAs (see Individual retirement arrangements (IRAs)) Itemized deductions Changing from standard to itemized deduction (or vice versa), Changing your mind. H&r block free file Choosing to itemize, Who Should Itemize Married filing separately, Married persons who filed separate returns. H&r block free file When to itemize, When to itemize. H&r block free file ITINs (Individual taxpayer identification numbers), Taxpayer identification numbers for aliens. H&r block free file J Joint return test, Joint Return Test, Joint Return Test (To Be a Qualifying Child) Joint returns, Married Filing Jointly, Nonresident alien or dual-status alien. H&r block free file Dependents on, Joint return. H&r block free file Personal exemption, Joint return. H&r block free file K Kidnapped children Qualifying child, Kidnapped child. H&r block free file Qualifying relative, Kidnapped child. H&r block free file Widow(er) with dependent child, Death or birth. H&r block free file L Life insurance premiums, Do Not Include in Total Support Local income taxes, itemized deductions, Electing to itemize for state tax or other purposes. H&r block free file Local law violated, Local law violated. H&r block free file Lodging, Lodging. H&r block free file Losses, rental real estate, Rental activity losses. H&r block free file M Marital status, determination of, Marital Status Married dependents, filing joint return, Joint Return Test, Joint Return Test (To Be a Qualifying Child) Married filing jointly (see Joint returns) Married filing separately, Married Filing Separately Changing method from or to itemized deductions, Changing your mind. H&r block free file Exemption for spouse, Separate return. H&r block free file Itemized deductions, Married persons who filed separate returns. H&r block free file Married taxpayers, Married Filing Jointly (see also Joint returns) Age 65 or older spouse, standard deduction, Higher Standard Deduction for Age (65 or Older), Spouse 65 or Older or Blind Blind spouse, standard deduction, Higher Standard Deduction for Blindness, Spouse 65 or Older or Blind Dual-status alien spouse, Nonresident alien or dual-status alien. H&r block free file Filing status, Married persons. H&r block free file Medical insurance premiums, Medical insurance premiums. H&r block free file Medical savings accounts (MSAs, effect on filing requirements (Table 3), Table 3. H&r block free file Other Situations When You Must File a 2013 Return Medicare taxes, not support, Do Not Include in Total Support Member of household or relationship test, Member of Household or Relationship Test Mexico, resident of, U. H&r block free file S. H&r block free file citizen or resident alien. H&r block free file , Citizen or Resident Test, Child in Canada or Mexico. H&r block free file Military (see Armed forces) Missing children, photographs of in IRS publications, Reminders Multiple support agreement, Multiple Support Agreement N National of the United States, U. H&r block free file S. H&r block free file national. H&r block free file Nonresident aliens, Nonresident aliens. H&r block free file Dependents, Taxpayer identification numbers for aliens. H&r block free file Exemptions, Nonresident aliens. H&r block free file Joint return, Nonresident alien or dual-status alien. H&r block free file Spouse, Nonresident alien spouse. H&r block free file Taxpayer identification number, Taxpayer identification numbers for aliens. H&r block free file O Overseas taxpayers, U. H&r block free file S. H&r block free file Citizens or Resident Aliens Living Abroad P Parent, claiming head of household for, Special rule for parent. H&r block free file Parents who never married, Parents who never married. H&r block free file Parents, divorced or separated, Children of divorced or separated parents (or parents who live apart). H&r block free file Penalty, failure to file, Who Must File Personal exemption, Personal Exemptions Photographs of missing children in IRS publications, Reminders Publications (see Tax help) Puerto Rico, residents of, Residents of Puerto Rico Q Qualifying Child, Qualifying Child Relative, Qualifying Relative Surviving spouse, Qualifying Widow(er) With Dependent Child Widow/widower, Qualifying Widow(er) With Dependent Child R Recapture taxes, Table 3. H&r block free file Other Situations When You Must File a 2013 Return Relationship test, Relationship Test, Member of Household or Relationship Test Relative, qualifying, Qualifying Relative Remarriage after divorce, Divorce and remarriage. H&r block free file Rental losses, Rental activity losses. H&r block free file Residency test, Residency Test S Same-sex marriage Filing status, Same-sex marriage. H&r block free file Scholarships, Earned income. H&r block free file , Scholarships. H&r block free file , Gross income defined. H&r block free file , Do Not Include in Total Support , Earned income defined. H&r block free file Self-employed persons Filing requirements (Table 3), Table 3. H&r block free file Other Situations When You Must File a 2013 Return Gross income, Self-employed persons. H&r block free file Separate returns (see Married filing separately) Separated parents, Children of divorced or separated parents (or parents who live apart). H&r block free file Separated taxpayers Filing status, Considered married. H&r block free file , Married persons living apart. H&r block free file Living apart but not legally separated, Considered married. H&r block free file Personal exemption, Divorced or separated spouse. H&r block free file Signatures, joint returns, Signing a joint return. H&r block free file Single taxpayers Filing status, Unmarried persons. H&r block free file , Single Gross income filing requirements (Table 1), Table 1. H&r block free file 2013 Filing Requirements Chart for Most Taxpayers How to file and forms, How to file. H&r block free file Personal exemption, Your Own Exemption Social security and Medicare taxes Reporting of (Table 3), Table 3. H&r block free file Other Situations When You Must File a 2013 Return Support, not included in, Do Not Include in Total Support Social security benefits, Social security benefits. H&r block free file Social security numbers (SSNs) for dependents, Social Security Numbers for Dependents Spouse Deceased, Spouse died. H&r block free file , Spouse died before signing. H&r block free file , Death of spouse. H&r block free file Dual-status alien spouse, Nonresident alien or dual-status alien. H&r block free file Exemption for, Your Spouse's Exemption Innocent spouse relief, Relief from joint responsibility. H&r block free file Nonresident alien, Nonresident alien spouse. H&r block free file Signing joint returns, Signing a joint return. H&r block free file Surviving (see Surviving spouse) SSNs (see Social security numbers (SSNs) for dependents) Standard deduction, What's New, Standard Deduction, Married persons who filed separate returns. H&r block free file Married filing jointly, Married Filing Jointly State or local income taxes, Electing to itemize for state tax or other purposes. H&r block free file Stillborn child, Stillborn child. H&r block free file Students Defined, Student defined. H&r block free file Foreign, Foreign students' place of residence. H&r block free file Support test Qualifying child, Support Test (To Be a Qualifying Child) Qualifying relative, Support Test (To Be a Qualifying Relative) Surviving spouse Death of spouse (see Death of spouse) Gross income filing requirements (Table 1), Table 1. H&r block free file 2013 Filing Requirements Chart for Most Taxpayers Single filing status, Widow(er). H&r block free file Widow(er) with dependent child, Qualifying Widow(er) With Dependent Child, How to file. H&r block free file , Death or birth. H&r block free file T Tables and figures, Keeping Up a Home, Worksheet 2. H&r block free file Worksheet for Determining Support (see also Worksheets) Filing requirements Dependents (Table 2), Table 2. H&r block free file 2013 Filing Requirements for Dependents Gross income levels (Table 1), Table 1. H&r block free file 2013 Filing Requirements Chart for Most Taxpayers Other situations requiring filing (Table 3), Table 3. H&r block free file Other Situations When You Must File a 2013 Return Tax help, How To Get Tax Help Tax returns Amended (see Form 1040X) Filing of (see Filing requirements) Joint returns (see Joint returns) Who must file, What's New, Who Must File, Filing Requirements for Most Taxpayers, Who Should File Tax-exempt income, Tax-exempt income. H&r block free file Taxes, not support, Do Not Include in Total Support Temporary absences, Temporary absences. H&r block free file , Temporary absences. H&r block free file Tiebreaker rules, Tiebreaker rules. H&r block free file Tips, reporting of (Table 3), Table 3. H&r block free file Other Situations When You Must File a 2013 Return Total support, Total Support Tuition, benefits under GI Bill, Tuition payments and allowances under the GI Bill. H&r block free file U U. H&r block free file S. H&r block free file citizen or resident, Citizen or Resident Test U. H&r block free file S. H&r block free file citizens filing abroad, filing requirements Filing requirements, U. H&r block free file S. H&r block free file Citizens or Resident Aliens Living Abroad U. H&r block free file S. H&r block free file national, U. H&r block free file S. H&r block free file national. H&r block free file U. H&r block free file S. H&r block free file possessions, income from, Individuals With Income From U. H&r block free file S. H&r block free file Possessions Unmarried persons (see Single taxpayers) W Welfare benefits, Support provided by the state (welfare, food benefits, housing, etc. H&r block free file ). H&r block free file What's New, What's New Widow/widower (see Surviving spouse) Worksheets Exemption Phaseout, Worksheet 3. H&r block free file Worksheet for Determining the Deduction for Exemptions Head of household status and cost of keeping up home, Keeping Up a Home Support test, Worksheet 2. H&r block free file Worksheet for Determining Support Prev  Up     Home   More Online Publications