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State Amended Form

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State Amended Form

State amended form Index A Acontecimientos futuros, Acontecimientos futuros Administración del Seguro Social (SSA) Ayuda para radicar documentos ante la SSA , Ayuda para radicar documentos ante la SSA. State amended form Ajustes a los Formularios 941-PR, 944(SP) o 943-PR Ajustes del período en curso, Ajustes del período en curso. State amended form Ajustes de períodos anteriores a los Formularios 941-PR, 944(SP) o 943-PR, Ajustes de períodos anteriores Cambio en el proceso para hacer ajustes libres de intereses, Antecedentes. State amended form Excepciones a las correcciones de las contribuciones sobre la nómina libres de intereses , Excepciones a las correcciones de las contribuciones sobre la nómina libres de intereses. State amended form Planillas para ajustes en períodos anteriores, Planillas para ajustes en períodos anteriores. State amended form Proceso para hacer ajustes a las contribuciones sobre la nómina, Proceso para hacer ajustes a las contribuciones sobre la nómina. State amended form Recaudando las contribuciones retenidas de menos de los empleados, Recaudando las contribuciones retenidas de menos de los empleados. State amended form Reintegro de cantidades incorrectamente retenidas de los empleados, Reintegro de cantidades incorrectamente retenidas de los empleados. State amended form Ayuda contributiva, Cómo obtener ayuda relacionada con las contribuciones Ayuda provista por el IRS , Ayuda provista por el IRS. State amended form Ayuda relacionada con las contribuciones, Ayuda relacionada con las contribuciones. State amended form B Beneficios marginales, Retención y declaración de la contribución sobre beneficios marginales proporcionados a los empleados Cuándo se tratan los beneficios marginales como pagados al empleado, Cuándo se tratan los beneficios marginales como pagados al empleado. State amended form Depósito de la contribución sobre los beneficios marginales, Depósito de la contribución sobre los beneficios marginales. State amended form Regla especial en el caso de beneficios marginales proporcionados en noviembre y diciembre, Regla especial en el caso de beneficios marginales proporcionados en noviembre y diciembre. State amended form Retención de las contribuciones al Seguro Social y al seguro Medicare sobre los beneficios marginales, Retención de las contribuciones al Seguro Social y al seguro Medicare sobre los beneficios marginales. State amended form Valorización de vehículos proporcionados a los empleados, Valorización de vehículos proporcionados a los empleados. State amended form C Cálculo de las contribuciones al Seguro Social, al seguro Medicare y al FUTA , 9. State amended form Cálculo de las contribuciones al Seguro Social, al seguro Medicare y al FUTA Compensación por enfermedad, Pagos de compensación por enfermedad. State amended form Contribución Adicional al Medicare , Retención de la Contribución Adicional al Medicare. State amended form Contribuciones al Seguro Social y al Medicare , Contribuciones al Seguro Social y al Medicare. State amended form Contribuciones pagadas por el patrono, Contribución pagada por el patrono correspondiente al empleado. State amended form Deducción de la contribución, Deducción de la contribución. State amended form Patronos domésticos y agrícolas, Patronos domésticos y agrícolas. State amended form Calendario, Calendario Formulario 499R-2/W-2PR, Calendario Formulario 940-PR, Calendario Formulario 943-PR, Calendario Formulario 944(SP), Calendario Formulario 944-PR, Calendario Para el 28 de febrero, Calendario Para el 30 de abril, Calendario Para el 31 de enero, Calendario Para el 31 de julio, Calendario Para el 31 de marzo, Calendario Para el 31 de octubre, Calendario Clasificación errónea de empleados, Clasificación errónea de empleados. State amended form COBRA Crédito de asistencia para las primas COBRA , Recordatorios, Crédito de asistencia para las primas de COBRA. State amended form Comentarios y sugerencias, Recordatorios Compañías subsidarias calificadas conforme al subcapítulo S QSubs, Entidades no consideradas como separadas de sus dueños y compañías subsidarias calificadas conforme al subcapítulo S (QSubs). State amended form Compensación por enfermedad, Compensación por enfermedad Patronos Compensación por enfermedad procedentes de una compañía de seguros o de algún otro tercero pagador, Patronos. State amended form Terceros pagadores, Terceros pagadores. State amended form Contratación de nuevos empleados, Recordatorios Contratistas independientes, Contratistas independientes. State amended form Contribución Adicional al Medicare Retención de la Contribución Adicional al Medicare , Recordatorios Contribución Adicional al Medicare, ajustes a la retención, Ajustes a la retención de la Contribución Adicional al Medicare. State amended form Contribución al Seguro Social y al seguro Medicare por trabajo agrícola, 7. State amended form Contribución al Seguro Social y al seguro Medicare por trabajo agrícola El requisito de los $150 o $2,500, El requisito de los $150 o $2,500. State amended form Excepciones al requisito de los $150 o $2,500, Excepciones. State amended form Contribución al Seguro Social y al seguro Medicare por trabajo doméstico, 8. State amended form Contribución al Seguro Social y al seguro Medicare por trabajo doméstico Contribución FUTA , Contribución federal para el desempleo (contribución FUTA). State amended form Contribución sobre los ingresos de Puerto Rico, Contribuciones sobre los ingresos de Puerto Rico. State amended form Contribuciones al Seguro Social y al Medicare para 2014, Contribuciones al Seguro Social y al Medicare para 2014. State amended form Crédito contributivo por oportunidad de trabajo, Recordatorios D Defensor del Contribuyente, Servicio del Defensor del Contribuyente. State amended form Depósito de las contribuciones al Seguro Social y al seguro  Medicare, requisitos de Ajustes a las contribuciones del período retroactivo , Ajustes a las contribuciones del período retroactivo. State amended form Aplicación de los itinerarios mensuales y bisemanales, Aplicación de los itinerarios mensuales y bisemanales. State amended form Cuándo se tienen que hacer los depósitos, Cuándo se tienen que hacer los depósitos. State amended form Depósitos en días laborables solamente, Depósitos en días laborables solamente. State amended form Depósitos, cuándo se hacen, 11. State amended form Depósito de las contribuciones al Seguro Social y al seguro  Medicare Días feriados oficiales, Días feriados oficiales. State amended form Ejemplo de itinerario bisemanal, Ejemplo de itinerario bisemanal. State amended form Ejemplo de itinerario mensual, Ejemplo de itinerario mensual. State amended form Ejemplo de las reglas de depósito de itinerario mensual y bisemanal para patronos de empleados agrícolas, Ejemplo de las reglas de depósito de itinerario mensual y bisemanal para patronos de empleados agrícolas. State amended form Ejemplo de las reglas de depósito de itinerario mensual y bisemanal para patronos de empleados no agrícolas, Ejemplo de las reglas de depósito de itinerario mensual y bisemanal para patronos de empleados no agrícolas. State amended form Fecha compensatoria para una cantidad depositada de menos, Fecha compensatoria para una cantidad depositada de menos: Formularios 941-X (PR), 944-X (PR), 944-X (SP), 943-X (PR), Ajustes a las contribuciones del período retroactivo. State amended form Patronos de empleados agrícolas nuevos, Patronos de empleados agrícolas nuevos. State amended form Patronos nuevos, Patronos nuevos. State amended form Patronos que tienen empleados tanto agrícolas como no agrícolas, Patronos que tienen empleados tanto agrícolas como no agrícolas. State amended form Período de depósito, Período de depósito. State amended form Período de depósito de itinerario bisemanal que abarca 2 trimestres, Período de depósito de itinerario bisemanal que abarca 2 trimestres. State amended form Período retroactivo para patronos de empleados agrícolas, Período retroactivo para patronos de empleados agrícolas. State amended form Período retroactivo para patronos de empleados no agrícolas, Período retroactivo para patronos de empleados no agrícolas. State amended form Regla de depositar $100,000 el próximo día, Regla de depositar $100,000 el próximo día. State amended form Regla de depósito de itinerario mensual, Regla de depósito de itinerario mensual. State amended form Regla de la exactitud de los depósitos, Regla de la exactitud de los depósitos. State amended form Reglas para los depositantes de itinerario bisemanal, Reglas para los depositantes de itinerario bisemanal. State amended form Requisito de los $2,500, Requisito de los $2,500. State amended form Depósito electrónico Contribución federal, Recordatorios Depósitos de la contribución al Seguro Social y al seguro  Medicare, cómo se hacen, Cómo hacer los depósitos Cuando usted recibe su EIN , Cuando usted recibe su EIN. State amended form Depósitos hechos a tiempo, Depósitos hechos a tiempo. State amended form Opción de pago el mismo día, Opción de pago el mismo día. State amended form Reclamación de créditos por pagos en exceso, Reclamación de créditos por pagos en exceso. State amended form Registro de depósitos, Registro de depósitos. State amended form Requisito de depósito electrónico, Requisito de depósito electrónico. State amended form Dirección Cambio de dirección, Recordatorios Discrepancias entre los Formularios 941-PR or 944-PR y los Formularios 499R-2/W-2PR, Recordatorios E Elegibilidad para empleo, Elegibilidad para empleo. State amended form Empleado Definición, 2. State amended form ¿Quiénes son empleados? Estatutarios, Empleados estatutarios. State amended form Según el derecho común, Definición de empleado según el derecho común. State amended form Empleado doméstico Requisito de $1,900, Requisito de $1,900. State amended form Empleados Clasificación errónea de empleados, Clasificación errónea de empleados. State amended form Empleados arrendados, Empleados arrendados. State amended form Entidades no consideradas como separadas de sus dueños, Entidades no consideradas como separadas de sus dueños y compañías subsidarias calificadas conforme al subcapítulo S (QSubs). State amended form Exención, disposiciones de, Disposiciones de exención. State amended form Especialista en servicios técnicos, Especialista en servicios técnicos. State amended form F Formulario 499R-2/W-2PR, 13. State amended form Los Formularios 499R-2/W-2PR y W-3PR SS-5-SP, Recordatorios, Tarjeta de Seguro Social del empleado. State amended form SS-8PR, Ayuda provista por el IRS. State amended form W-3PR, 13. State amended form Los Formularios 499R-2/W-2PR y W-3PR Formulario 944-PR descontinuado, Recordatorios Fotografías de niños desaparecidos, Recordatorios FUTA Ley Federal de Contribución para el Desempleo (FUTA). State amended form , Ley Federal de Contribución para el Desempleo (FUTA). State amended form Reducción en el crédito contra la contribución FUTA , Estados o territorios con reducción en el crédito. State amended form G Gastos de viaje y de representación, Gastos de viaje y de representación. State amended form I Individuos que no son empleados estatutarios, Individuos que no son empleados estatutarios. State amended form Agentes de bienes inmuebles autorizados, Agentes de bienes inmuebles autorizados. State amended form Personas a quienes se les paga por acompañar y posiblemente cuidar a otras, Personas a quienes se les paga por acompañar y posiblemente cuidar a otras. State amended form Vendedores directos, Vendedores directos. State amended form Introducción, Introduction L Líder de cuadrilla agrícola, Líder de cuadrilla agrícola. State amended form Los Formularios 499R-2/W-2PR y W-3PR, 13. State amended form Los Formularios 499R-2/W-2PR y W-3PR Problemas con la radicación electrónica, Problemas con la radicación electrónica. State amended form Radicación de Formularios 499R-2/W-2PR ante el Departamento de Hacienda, Radicación de Formularios 499R-2/W-2PR ante el Departamento de Hacienda. State amended form Solicitud de exención de radicación de declaraciones informativas por medios electrónicos, Solicitud de exención de radicación de declaraciones informativas por medios electrónicos. State amended form M Mantenimiento de récords, Recordatorios Matrimonio Matrimonio entre personas del mismo sexo. State amended form , Qué hay de nuevo Medicare Retención de la Contribución Adicional al Medicare , Retención de la Contribución Adicional al Medicare. State amended form Medios electrónicos, pago y radicación por, Recordatorios Multas relacionadas con los depósitos de la contribución al Seguro Social y al seguro  Medicare , Multas relacionadas con los depósitos. State amended form Agentes de reportación, Agentes de reportación. State amended form Multa por recuperación del fondo fiduciario, Multa por recuperación del fondo fiduciario. State amended form Multa promediada por no depositar, Multa promediada por no depositar. State amended form Orden en que se aplican los depósitos, Orden en que se aplican los depósitos. State amended form Regla especial para los que radicaron el Formulario 944(SP) anteriormente, Regla especial para los que radicaron el Formulario 944(SP) anteriormente. State amended form N Negocio perteneciente y administrado por cónyuges, Negocio que pertenece y es administrado por los cónyuges Excepción: Negocio en participación calificado, Excepción: Negocio en participación calificado. State amended form Nómina Externalización de las obligaciones de la nómina, Recordatorios Outsourcing payroll duties , Recordatorios Número de identificación de contribuyente individual (ITIN), Número de identificación personal del contribuyente (ITIN) del IRS para extranjeros. State amended form Número de identificación patronal (EIN), 3. State amended form Número de identificación patronal (EIN) Número de identificación patronal en linea (EIN), solicitud de un, Recordatorios Número de Seguro Social Dónde se obtienen los formularios , Dónde se obtienen los formularios para solicitar un Número de Seguro Social. State amended form Número de Seguro Social (SSN) , 4. State amended form Número de Seguro Social (SSN), Tarjeta de Seguro Social del empleado. State amended form Escriba correctamente el nombre y número de Seguro Social del empleado, Escriba correctamente el nombre y número de Seguro Social del empleado. State amended form Tarjeta de Seguro Social del empleado, Tarjeta de Seguro Social del empleado. State amended form Verificación de los números de Seguro Social, Verificación de los números de Seguro Social. State amended form P Pago por medios electrónicos, Recordatorios Pagos con tarjeta de crédito o débito, Recordatorios Pagos que no se consideran salarios Empleado doméstico, Pagos que no se consideran salarios. State amended form Transportación (beneficios de transporte), Transportación (beneficios de transporte). State amended form Pagos rechazados, Recordatorios Pagos y depósitos de la contribución FUTA , 10. State amended form Pagos y depósitos de la contribución federal para el desempleo (la contribución FUTA) Depósitos, Depósitos. State amended form Empleados domésticos, Empleados domésticos. State amended form Formulario 940-PR, Formulario 940-PR. State amended form Tasa de la contribución, Tasa de la contribución FUTA. State amended form Trabajadores agrícolas, Trabajadores agrícolas. State amended form Parte responsable Cambio de parte responsable, Qué hay de nuevo Patrono, definición, 1. State amended form ¿Quién es patrono? Planillas para patronos Formulario 944(SP), Formulario 944(SP). State amended form Multas por no radicar y por no pagar, Multas o penalidades. State amended form Patrono sucesor, Patrono sucesor. State amended form Patrono sucesor, crédito especial, Crédito especial para un patrono sucesor. State amended form Patronos de empleados domésticos que declaran las contribuciones al Seguro Social y al Medicare , Patronos de empleados domésticos que declaran las contribuciones al Seguro Social y al Medicare. State amended form Patronos de trabajadores agrícolas, Patronos de trabajadores agrícolas. State amended form Patronos que no son patronos agrícolas, Patronos que no son patronos agrícolas. State amended form Planilla anual y pago de la contribución federal para el desempleo (contribución  FUTA), Planilla anual y pago de la contribución federal para el desempleo (contribución FUTA). State amended form Programa de acuerdo voluntario para la clasificación de trabajadores (VCSP), Programa para el acuerdo de clasificación voluntaria de trabajadores (VCSP, por sus siglas en inglés). State amended form Propinas, 6. State amended form Propinas Formulario 4070-PR, 6. State amended form Propinas Formulario 4070A-PR, 6. State amended form Propinas Informe de propinas, Informe de propinas. State amended form Recaudación de las contribuciones sobre las propinas, Recaudación de las contribuciones sobre las propinas. State amended form Regla de disposición, Regla de disposición. State amended form Q Qué hay de nuevo Contribuciones al Medicare para 2014, Qué hay de nuevo Contribuciones al Seguro Social para 2014, Qué hay de nuevo R Radicación por medios electrónicos, Recordatorios Radicar el Formulario 944(SP) en vez del Formulario 941-PR, Recordatorios Recordatorios, Recordatorios Récords, Recordatorios Reglas especiales para varias clases de servicios y de pagos, 15. State amended form Reglas especiales para varias clases de servicios y de pagos Retención de la contribución federal sobre ingresos, 14. State amended form Retención de la contribución federal sobre ingresos S Salarios sujetos a la contribución Compensaciones sujetos a la contribución, 5. State amended form Salarios y otra compensación Servicio del Defensor del Contribuyente, Servicio del Defensor del Contribuyente. State amended form Servicios de entrega privados, Recordatorios T Tarjetas de crédito o débito, pagos con, Recordatorios TAS , Servicio del Defensor del Contribuyente. State amended form Trabajo doméstico, Trabajo doméstico. State amended form V Veteranos calificados, contratación, Recordatorios Visa H-2A, Trabajadores agrícolas. State amended form Remuneración pagada a trabajadores agrícolas con visa H-2A, Recordatorios Prev  Up     Home   More Online Publications
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The State Amended Form

State amended form Depreciation Table of Contents Introduction Special Depreciation AllowanceQualified Property Election Not To Claim the Allowance Rules for Returns Filed Before June 1, 2002 Passenger Automobiles New York Liberty Zone BenefitsSpecial Liberty Zone Depreciation Allowance Increased Section 179 Deduction Liberty Zone Leasehold Improvement Property If you depreciate business property that you acquired and placed in service after September 10, 2001, new law contains provisions that may affect your depreciation deduction for that property. State amended form Publication 946, How To Depreciate Property, contains information on depreciation. State amended form However, Publication 946 does not contain the new provisions because it was printed before the law was enacted. State amended form The new provisions are in the Supplement to Publication 946, which is reprinted below. State amended form Supplement to Publication 946 How To Depreciate Property   Introduction After Publication 946 was printed, the Job Creation and Worker Assistance Act of 2002 was signed into law by the President. State amended form The new law made several changes in the tax rules explained in the publication. State amended form Some of the changes apply to property placed in service during 2001. State amended form This supplemental publication describes those changes and explains what you should do if you are affected by them. State amended form The situations and examples in Publication 946 do not reflect any of the changes made by the Job Creation and Worker Assistance Act of 2002. State amended form The new law contains the following provisions. State amended form 30% depreciation deductions (special depreciation allowance and special New York Liberty Zone (Liberty Zone) depreciation allowance) for the year qualified property is placed in service after September 10, 2001. State amended form An increased dollar limit on the section 179 deduction for qualified Liberty Zone property purchased after September 10, 2001. State amended form A shorter recovery period for qualified Liberty Zone leasehold improvement property placed in service after September 10, 2001. State amended form An increase in the maximum depreciation deduction for 2001 for a qualified passenger automobile placed in service after September 10, 2001. State amended form If you believe you qualify for an increased deduction under any of these new rules, you must file the revised 2001 Form 4562 (dated March 2002) for 2001 calendar or fiscal years and 2000 fiscal years ending after September 10, 2001. State amended form If you have already filed a tax return, this supplemental publication explains how to claim these benefits and how to elect not to claim the special depreciation allowance or special Liberty Zone depreciation allowance. State amended form See Table 2 at the end of the supplement for an overview of the rules that apply if you filed your return before June 1, 2002. State amended form Special Depreciation Allowance You can take a special depreciation allowance for qualified property you place in service after September 10, 2001. State amended form The allowance is an additional deduction of 30% of the property's depreciable basis. State amended form To figure the depreciable basis, you must first multiply the property's cost or other basis by the percentage of business/investment use and then reduce that amount by any section 179 deduction and certain other deductions and credits for the property. State amended form See What Is the Basis for Depreciation? on page 23 in Publication 946 for more information on figuring depreciable basis. State amended form The allowance is deductible for both regular tax and alternative minimum tax (AMT) purposes. State amended form There is no AMT adjustment required for any depreciation figured on the remaining basis of the property. State amended form In the year you claim the allowance (generally the year you place the property in service), you must reduce the depreciable basis of the property by the allowance before figuring your regular depreciation deduction. State amended form Example 1. State amended form On November 1, 2001, you bought and placed in service in your business qualified property that cost $100,000. State amended form You did not elect to claim a section 179 deduction. State amended form You can deduct 30% of the cost ($30,000) as a special depreciation allowance for 2001. State amended form You use the remaining $70,000 of cost to figure your regular depreciation deduction for 2001 and later years. State amended form Example 2. State amended form The facts are the same as in Example 1, except that you choose to deduct $24,000 of the property's cost as a section 179 deduction. State amended form You use the remaining $76,000 of cost to figure your special depreciation allowance of $22,800 ($76,000 × 30%). State amended form You use the remaining $53,200 of cost to figure your regular depreciation deduction for 2001 and later years. State amended form Qualified Property To qualify for the special depreciation allowance, your property must meet the following requirements. State amended form It is new property of one of the following types. State amended form Property depreciated under the modified accelerated cost recovery system (MACRS) with a recovery period of 20 years or less. State amended form See Can You Use MACRS To Depreciate Your Property and Which Recovery Period Applies? on pages 7 and 23, respectively, in Publication 946. State amended form Water utility property. State amended form See 25-year property on page 22 in Publication 946. State amended form Computer software that is not a section 197 intangible as described in Computer software on page 5 in Publication 946. State amended form (The cost of some computer software is treated as part of the cost of hardware and is depreciated under MACRS. State amended form ) Qualified leasehold improvement property (defined later). State amended form It meets the following tests (explained later under Tests To Be Met). State amended form Acquisition date test. State amended form Placed in service date test. State amended form Original use test. State amended form It is not excepted property (explained later under Excepted Property). State amended form Qualified leasehold improvement property. State amended form    Generally, this is any improvement to an interior part of a building that is nonresidential real property, provided all of the following requirements are met. State amended form The improvement is made under or pursuant to a lease by the lessee (or any sublessee) or the lessor of that part of the building. State amended form That part of the building is to be occupied exclusively by the lessee (or any sublessee) of that part. State amended form The improvement is placed in service more than 3 years after the date the building was first placed in service. State amended form   However, a qualified leasehold improvement does not include any improvement for which the expenditure is attributable to any of the following. State amended form The enlargement of the building. State amended form Any elevator or escalator. State amended form Any structural component benefiting a common area. State amended form The internal structural framework of the building. State amended form   Generally, a binding commitment to enter into a lease is treated as a lease and the parties to the commitment are treated as the lessor and lessee. State amended form However, a binding commitment between related persons is not treated as a lease. State amended form Related persons. State amended form   For this purpose, the following are related persons. State amended form Members of an affiliated group. State amended form The persons listed in items (1) through (9) under Related persons on page 8 of Publication 946 (except that “80% or more” should be substituted for “more than 10%” each place it appears). State amended form An executor and a beneficiary of the same estate. State amended form Tests To Be Met To qualify for the special depreciation allowance, the property must meet all of the following tests. State amended form Acquisition date test. State amended form    Generally, you must have acquired the property either: After September 10, 2001, and before September 11, 2004, but only if no written binding contract for the acquisition was in effect before September 11, 2001, or Pursuant to a written binding contract entered into after September 10, 2001, and before September 11, 2004. State amended form   Property you manufacture, construct, or produce for your own use meets this test if you began the manufacture, construction, or production of the property after September 10, 2001, and before September 11, 2004. State amended form Placed in service date test. State amended form   Generally, the property must be placed in service for use in your trade or business or for the production of income after September 10, 2001, and before January 1, 2005. State amended form   If you sold property you placed in service after September 10, 2001, and you leased it back within 3 months after the property was originally placed in service, the property is treated as placed in service no earlier than the date it is used under the leaseback. State amended form Original use test. State amended form   The original use of the property must have begun with you after September 10, 2001. State amended form “Original use” means the first use to which the property is put, whether or not by you. State amended form Additional capital expenditures you incurred after September 10, 2001, to recondition or rebuild your property meet the original use test. State amended form Excepted Property The following property does not qualify for the special depreciation allowance. State amended form Property used by any person before September 11, 2001. State amended form Property required to be depreciated using ADS. State amended form This includes listed property used 50% or less in a qualified business use. State amended form Qualified New York Liberty Zone leasehold improvement property (defined next). State amended form Qualified New York Liberty Zone leasehold improvement property. State amended form   This is any qualified leasehold improvement property (as defined earlier) if all of the following requirements are met. State amended form The improvement is to a building located in the New York Liberty Zone (defined later under New York Liberty Zone Benefits). State amended form The improvement is placed in service after September 10, 2001, and before January 1, 2007. State amended form No written binding contract for the improvement was in effect before September 11, 2001. State amended form Election Not To Claim the Allowance You can elect not to claim the special depreciation allowance for qualified property. State amended form If you make this election for any property, it applies to all property in the same property class placed in service during the year. State amended form To make this election, attach a statement to your return indicating you elect not to claim the allowance and the class of property for which you are making the election. State amended form When to make election. State amended form   Generally, you must make the election on a timely filed tax return (including extensions) for the year in which you place the property in service. State amended form   However, if you timely filed your return for the year without making the election, you can still make the election by filing an amended return within 6 months of the due date of the original return (not including extensions). State amended form Attach the election statement to the amended return. State amended form At the top of the election statement, write “Filed pursuant to section 301. State amended form 9100–2. State amended form ” Revoking an election. State amended form   Once you elect not to deduct the special depreciation allowance for a class of property, you cannot revoke the election without IRS consent. State amended form A request to revoke the election is subject to a user fee. State amended form Rules for Returns Filed Before June 1, 2002 The following rules apply if you placed qualified property in service after September 10, 2001, and filed your return before June 1, 2002. State amended form The rules apply to returns for the following years. State amended form 2000 fiscal years that end after September 10, 2001. State amended form 2001 calendar and fiscal years. State amended form Claiming the allowance. State amended form   If you did not claim the allowance on your return and did not make the election not to claim the allowance, you can do either of the following to claim the allowance. State amended form File an amended return by the due date (not including extensions) of your return for the year following the year the property was placed in service. State amended form Write “Filed Pursuant to Rev. State amended form Proc. State amended form 2002–33” at the top of the amended return. State amended form File Form 3115, Application for Change in Accounting Method, with your return for the year following the year the property was placed in service. State amended form Your return must be filed by the due date (including extensions). State amended form Write “Automatic Change Filed Under Rev. State amended form Proc. State amended form 2002–33” on the appropriate line of Form 3115. State amended form You must also file a copy (with signature) of the completed Form 3115 with the IRS National Office no later than when you file the original with your return. State amended form For more information about filing Form 3115, including the address to send it to, see Revenue Procedure 2002–9, Revenue Procedure 2002–19, and Revenue Procedure 2002–33. State amended form Example 1. State amended form You are an individual and you use the calendar year. State amended form You placed qualified property in service for your business in December 2001. State amended form You filed your 2001 income tax return before April 15, 2002. State amended form You did not claim the special depreciation allowance for the property and did not make the election not to claim the allowance. State amended form You can claim the special allowance by filing an amended 2001 return by April 15, 2003, with “Filed Pursuant to Rev. State amended form Proc. State amended form 2002–33” at the top of the amended return. State amended form You must file an amended return by April 15, 2003, even if you get an extension of time to file your 2002 tax return. State amended form Example 2. State amended form The facts concerning your 2001 return are the same as in Example 1. State amended form In addition, you got an automatic 4-month extension of time (to August 15, 2003) to file your 2002 return. State amended form You can claim the special allowance by filing a Form 3115 (with “Filed Pursuant to Rev. State amended form Proc. State amended form 2002–33” on the appropriate line) with your 2002 return by August 15, 2003. State amended form You must also file a copy of this Form 3115 with the IRS National Office no later than when you file your 2002 return. State amended form Electing not to claim the allowance. State amended form   Generally, you have elected not to claim the special depreciation allowance for a class of property if you: Filed your return timely (including extensions) for the year you placed qualified property in service and indicated on a statement with the return that you are not claiming the allowance, or Filed your return timely and filed an amended return within 6 months of the due date of the original return (not including extensions) and indicated on a statement with the amended return that you are not claiming the allowance. State amended form The statement must indicate that you are not deducting the special depreciation allowance and the class of property to which the election applies. State amended form The statement can be either attached to or written on the return. State amended form You can, for example, write “not deducting 30%” on Form 4562. State amended form Deemed election. State amended form   If you have not followed either of the procedures described above to elect not to claim the allowance, you may still be treated as making the election. State amended form You will be treated as making the election if you meet both of the following conditions. State amended form You filed your return for the year you placed the property in service and claimed depreciation, but not the special allowance, for any class of property. State amended form You do not file an amended return or a Form 3115 within the time prescribed for claiming the special allowance. State amended form See Claiming the allowance, earlier. State amended form Passenger Automobiles The limit on your depreciation deduction (including any section 179 deduction) for any passenger automobile that is qualified property (defined earlier) placed in service after September 10, 2001, and for which you claim the special depreciation allowance is increased. State amended form Generally, the limit is increased from $3,060 to $7,660. State amended form However, if the automobile is a qualified electric car, the limit is increased from $9,280 to $23,080 ($22,980 if placed in service in 2002). State amended form Table 1 shows the maximum deduction amounts for 2001. State amended form Table 1. State amended form Maximum Deduction for 2001 Qualified Vehicle Placed in Service Before Sept. State amended form 11 Placed in Service After Sept. State amended form 10 Passenger automobile $3,060 $7,660 Electric car 9,280 23,080 1 1$22,980 if you place an electric car in service in 2002. State amended form Election not to claim the allowance. State amended form   The increased maximum depreciation deduction does not apply if you elected not to claim the special depreciation allowance as explained earlier under Election Not To Claim the Allowance and Rules for Returns Filed Before June 1, 2002. State amended form New York Liberty Zone Benefits Several benefits are available for property you place in service in the New York Liberty Zone (Liberty Zone). State amended form They include a special depreciation allowance for the year you place the property in service, an increased section 179 deduction, and the classification of certain leasehold improvement property as 5-year property. State amended form Area defined. State amended form   The New York Liberty Zone is the area located on or south of Canal Street, East Broadway (east of its intersection with Canal Street), or Grand Street (east of its intersection with East Broadway) in the Borough of Manhattan in the City of New York, New York. State amended form Special Liberty Zone Depreciation Allowance You can take a special depreciation allowance for qualified Liberty Zone property you place in service after September 10, 2001. State amended form The allowance is an additional deduction of 30% of the property's depreciable basis. State amended form To figure the depreciable basis, you must first multiply the property's cost or other basis by the percentage of business/investment use and then reduce that amount by any section 179 deduction and certain other deductions and credits for the property. State amended form See What Is the Basis for Depreciation? on page 23 in Publication 946 for more information on figuring depreciable basis. State amended form The allowance is deductible for both regular tax and alternative minimum tax (AMT) purposes. State amended form There is no AMT adjustment required for any depreciation figured on the remaining basis of the property. State amended form In the year you claim the allowance (generally the year you place the property in service), you must reduce the depreciable basis of the property by the allowance before figuring your regular depreciation deduction. State amended form You cannot claim the special Liberty Zone depreciation allowance for property eligible for the special depreciation allowance explained earlier in Qualified Property under Special Depreciation Allowance. State amended form Qualified property is eligible for only one special depreciation allowance. State amended form Example 1. State amended form On November 1, 2001, you bought and placed in service in your business, which is in the Liberty Zone, qualified Liberty Zone property that cost $200,000. State amended form You did not elect to claim a section 179 deduction. State amended form You can deduct 30% of the cost ($60,000) as a special Liberty Zone depreciation allowance for 2001. State amended form You use the remaining $140,000 of cost to figure your regular depreciation deduction for 2001 and later years. State amended form Example 2. State amended form The facts are the same as in Example 1, except that you choose to deduct $59,000 of the property's cost as a section 179 deduction. State amended form (See Increased Section 179 Deduction, later, for information concerning how this section 179 deduction amount is figured). State amended form You use the remaining $141,000 of cost to figure your special Liberty Zone depreciation allowance of $42,300 ($141,000 × 30%). State amended form You use the remaining $98,700 of cost to figure your regular depreciation deduction for 2001 and later years. State amended form Qualified Liberty Zone Property For a 2001 calendar or fiscal year and a 2000 fiscal year that ends after September 10, 2001, property qualifies for the special Liberty Zone depreciation allowance if it meets the following requirements. State amended form It is one of the following types of property. State amended form Used property depreciated under MACRS with a recovery period of 20 years or less. State amended form See Can You Use MACRS To Depreciate Your Property and Which Recovery Period Applies? on pages 7 and 23, respectively, in Publication 946. State amended form Used water utility property. State amended form See 25-year property on page 22 in Publication 946. State amended form Used computer software that is not a section 197 intangible as described in Computer software on page 5 in Publication 946. State amended form (The cost of some computer software is treated as part of the cost of hardware and is depreciated under MACRS. State amended form ) Certain nonresidential real property and residential rental property (defined later). State amended form It meets the following tests (explained later under Tests to be met). State amended form Acquisition date test. State amended form Placed in service date test. State amended form Substantial use test. State amended form Original use test. State amended form It is not excepted property (explained later under Excepted property). State amended form Nonresidential real property and residential rental property. State amended form   This property is qualifying property only to the extent it rehabilitates real property damaged, or replaces real property destroyed or condemned, as a result of the terrorist attack of September 11, 2001. State amended form Property is treated as replacing destroyed or condemned property if, as part of an integrated plan, such property replaces real property included in a continuous area that includes real property destroyed or condemned. State amended form   For these purposes, real property is considered destroyed (or condemned) only if an entire building or structure was destroyed (or condemned) as a result of the terrorist attack. State amended form Otherwise, the property is considered damaged real property. State amended form For example, if certain structural components of a building (such as walls, floors, or plumbing fixtures) are damaged or destroyed as a result of the terrorist attack, but the building is not destroyed (or condemned), then only costs related to replacing the damaged or destroyed structural components qualify for the special Liberty Zone depreciation allowance. State amended form Tests to be met. State amended form   To qualify for the special Liberty Zone depreciation allowance, your property must meet all of the following tests. State amended form Acquisition date test. State amended form   You must have acquired the property by purchase after September 10, 2001, and there must not have been a binding written contract for the acquisition in effect before September 11, 2001. State amended form   For information on the acquisition of property by purchase, see Property Acquired by Purchase on page 15 of Publication 946. State amended form   Property you manufacture, construct, or produce for your own use meets this test if you began the manufacture, construction, or production of the property after September 10, 2001. State amended form Placed in service date test. State amended form   Generally, the property must be placed in service for use in your trade or business or for the production of income before January 1, 2007 (January 1, 2010, in the case of qualifying nonresidential real property and residential rental property). State amended form   If you sold property you placed in service after September 10, 2001, and you leased it back within 3 months after the property was originally placed in service, the property is treated as placed in service no earlier than the date it is used under the leaseback. State amended form Substantial use test. State amended form   Substantially all use of the property must be in the Liberty Zone and in the active conduct of your trade or business in the Liberty Zone. State amended form Original use test. State amended form   The original use of the property in the Liberty Zone must have begun with you after September 10, 2001. State amended form   Used property can be qualified Liberty Zone property if it has not previously been used within the Liberty Zone. State amended form Also, additional capital expenditures you incurred after September 10, 2001, to recondition or rebuild your property meet the original use test if the original use of the property in the Liberty Zone began with you. State amended form Excepted property. State amended form   The following property does not qualify for the special Liberty Zone depreciation allowance. State amended form Property eligible for the special depreciation allowance explained earlier in Qualified Property under Special Depreciation Allowance. State amended form Property required to be depreciated using ADS. State amended form This includes listed property used 50% or less in a qualified business use. State amended form Qualified New York Liberty Zone leasehold improvement property (defined earlier in Excepted Property under Special Depreciation Allowance). State amended form Example. State amended form In December 2001, you bought and placed in service in your business in the Liberty Zone the following property. State amended form New office furniture with a MACRS recovery period of 7 years. State amended form A used computer with a MACRS recovery period of 5 years. State amended form The computer had not previously been used within the Liberty Zone. State amended form Because the office furniture is new property, it qualifies for the special depreciation allowance, but not the special Liberty Zone depreciation allowance. State amended form Because the computer is used property that had not previously been used in the Liberty Zone, it qualifies for the special Liberty Zone depreciation allowance, but not the special depreciation allowance. State amended form Election Not To Claim the Liberty Zone Allowance You can elect not to claim the special Liberty Zone depreciation allowance for qualified property. State amended form If you make this election for any property, it applies to all property in the same property class placed in service during the year. State amended form To make this election, attach a statement to your return indicating you elect not to claim the allowance and the class of property for which you are making the election. State amended form When to make the election. State amended form   Generally, you must make the election on a timely filed tax return (including extensions) for the year in which you place the property in service. State amended form   However, if you timely filed your return for the year without making the election, you can still make the election by filing an amended return within 6 months of the due date of the original return (not including extensions). State amended form Attach the election statement to the amended return. State amended form At the top of the election statement, write “Filed pursuant to section 301. State amended form 9100–2. State amended form ” Revoking an election. State amended form   Once you elect not to deduct the special Liberty Zone depreciation allowance for a class of property, you cannot revoke the election without IRS consent. State amended form A request to revoke the election is subject to a user fee. State amended form Returns filed before June 1, 2002. State amended form   The rules that apply to the special depreciation allowance discussed earlier in Rules for Returns Filed Before June 1, 2002 under Special Depreciation Allowance also apply to the special Liberty Zone depreciation allowance. State amended form Increased Section 179 Deduction Under section 179 of the Internal Revenue Code, you can choose to recover all or part of the cost of certain qualifying property, up to a limit, by deducting it in the year you place the property in service. State amended form For tax years beginning in 2000, that limit was $20,000. State amended form For tax years beginning in 2001 and 2002, that limit is generally $24,000. State amended form If the cost of qualifying section 179 property placed in service in a year is over $200,000, you must reduce the dollar limit (but not below zero) by the amount of the cost over $200,000. State amended form Increased Dollar Limit The dollar limit on the section 179 deduction is increased for certain property placed in service in the Liberty Zone. State amended form The increase is the smaller of the following amounts. State amended form $35,000. State amended form The cost of section 179 property that is qualified Liberty Zone property placed in service during the year. State amended form If you use the revised 2001 Form 4562 (dated March 2002) for a tax year beginning in 2000, you must reduce the section 179 dollar limit to $20,000 before adding the additional amount for qualified property. State amended form Qualified property. State amended form   To qualify for the increased section 179 deduction, your property must be section 179 property that is either: Qualified Liberty Zone property, or Property that would be qualified Liberty Zone property except that it is eligible for the special depreciation allowance. State amended form Qualified Liberty Zone property is explained earlier in Qualified Liberty Zone Property under Special Liberty Zone Depreciation Allowance. State amended form Property eligible for the special depreciation allowance is explained earlier in Qualified Property under Special Depreciation Allowance. State amended form For information on the requirements that must be met for property to qualify for the section 179 deduction, see What Property Qualifies? on page 14 of Publication 946. State amended form Example 1. State amended form In 2002, you place in service in your business, which is in the Liberty Zone, qualified property (defined earlier) costing $25,000. State amended form Because this cost is less than $35,000, the dollar limit on the section 179 deduction is increased by $25,000 to $49,000 ($24,000 + $25,000). State amended form Example 2. State amended form In 2002, you place in service in your business, which is in the Liberty Zone, qualified property (defined earlier) costing $75,000. State amended form Because $35,000 is less than the cost of the property you place in service, the dollar limit on the section 179 deduction you can claim is increased by $35,000 to $59,000 ($24,000 + $35,000). State amended form Reduced Dollar Limit Generally, you must reduce the dollar limit for a year by the cost of qualifying section 179 property placed in service in the year that is more than $200,000. State amended form However, if the cost of your Liberty Zone property exceeds $200,000, you take into account only 50% (instead of 100%) of the cost of qualified property placed in service in a year. State amended form Example. State amended form In 2002, you place in service in your business, which is in the Liberty Zone, qualified property costing $460,000. State amended form Your increased dollar limit is $59,000 ($35,000 + $24,000). State amended form Because 50% of the cost of the property you place in service ($230,000) is $30,000 more than $200,000, you must reduce your $59,000 dollar limit to $29,000 ($59,000 - $30,000). State amended form Recapture Rules Rules similar to those explained on page 20 of Publication 946 under When Must You Recapture the Deduction? apply with respect to any qualified property you stop using in the Liberty Zone. State amended form Returns Filed Before June 1, 2002 If you filed a return before June 1, 2002, and did not deduct the increased section 179 amount for qualified property placed in service after September 10, 2001, you can deduct the increased amount by filing an amended return by the due date (not including extensions) of the return for the year after the year the property was placed in service. State amended form This rule applies to returns for the following years. State amended form 2000 fiscal years that end after September 10, 2001. State amended form 2001 calendar and fiscal years. State amended form On the amended return, write “Filed Pursuant to Rev. State amended form Proc. State amended form 2002–33. State amended form ” Liberty Zone Leasehold Improvement Property Qualified Liberty Zone leasehold improvement property (described earlier in Qualified Property under Special Depreciation Allowance) is 5-year property. State amended form This means that it is depreciated over a recovery period of 5 years. State amended form For information about recovery periods, see Which Recovery Period Applies? on page 23 of Publication 946. State amended form The straight-line method must be used with respect to qualified Liberty Zone leasehold improvement property. State amended form Under ADS, the recovery period for qualified Liberty Zone leasehold improvement property is 9 years. State amended form Returns Filed Before June 1, 2002 If you filed either of the following returns before June 1, 2002, and did not depreciate qualified Liberty Zone leasehold improvement property placed in service during the tax year as 5-year property using the straight line method, you should file an amended return before you file your return for the year after the year the property was placed in service. State amended form Your 2000 fiscal year return (for a 2000 fiscal year that ends after September 10, 2001). State amended form Your 2001 calendar or fiscal year return. State amended form On the amended return, write “Filed Pursuant to Rev. State amended form Proc. State amended form 2002–33. State amended form ” Table 2. State amended form Rules for Returns Filed Before June 1, 2002 Note:This chart highlights the rules for returns affected by the Job Creation and Worker Assistance Act of 2002 that were filed before June 1, 2002, without accounting for any of the new benefits under the law. State amended form See the text for definitions and examples. State amended form Do not rely on this chart alone. State amended form IF you want to. State amended form . State amended form . State amended form THEN you. State amended form . State amended form . State amended form BY. State amended form . State amended form . State amended form claim the special depreciation allowance or special Liberty Zone depreciation allowance • must file an amended return • the due date (not including extensions) of your return for the year after the year the property was placed in service, or • must file Form 3115, Application for Change in Accounting Method, with your return for the year after the year the property was placed in service • the due date (including extensions) of your return for the year after the year the property was placed in service, and • must file a copy of your completed Form 3115 with the IRS National Office • the date you file the original Form 3115 with your return for the year after the year the property was placed in service. State amended form elect not to claim the special depreciation allowance or the special Liberty Zone depreciation allowance 1 • must have filed your return timely for the year the property was placed in service, and   • must file an amended return stating you are not claiming the allowance • the date that is 6 months after the due date of the original return (not including extensions). State amended form deduct the increased section 179 amount • must file an amended return • the due date (not including extensions) of your return for the year after the year the property was placed in service. State amended form use a 5-year recovery period for depreciating qualified Liberty Zone leasehold improvement property • should file an amended return • the date you file your return for the year after the year the property was placed in service. State amended form 1See also Deemed election under Rules for Returns Filed Before June 1, 2002, earlier. 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