File your Taxes for Free!
  • Get your maximum refund*
  • 100% accurate calculations guaranteed*

TurboTax Federal Free Edition - File Taxes Online

Don't let filing your taxes get you down! We'll help make it as easy as possible. With e-file and direct deposit, there's no faster way to get your refund!

Approved TurboTax Affiliate Site. TurboTax and TurboTax Online, among others, are registered trademarks and/or service marks of Intuit Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of the respective owners.


© 2012 - 2018 All rights reserved.

This is an Approved TurboTax Affiliate site. TurboTax and TurboTax Online, among other are registered trademarks and/or service marks of Intuit, Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of the respective owners.
When discussing "Free e-file", note that state e-file is an additional fee. E-file fees do not apply to New York state returns. Prices are subject to change without notice. E-file and get your refund faster
*If you pay an IRS or state penalty or interest because of a TurboTax calculations error, we'll pay you the penalty and interest.
*Maximum Refund Guarantee - or Your Money Back: If you get a larger refund or smaller tax due from another tax preparation method, we'll refund the applicable TurboTax federal and/or state purchase price paid. TurboTax Federal Free Edition customers are entitled to payment of $14.99 and a refund of your state purchase price paid. Claims must be submitted within sixty (60) days of your TurboTax filing date and no later than 6/15/14. E-file, Audit Defense, Professional Review, Refund Transfer and technical support fees are excluded. This guarantee cannot be combined with the TurboTax Satisfaction (Easy) Guarantee. *We're so confident your return will be done right, we guarantee it. Accurate calculations guaranteed. If you pay an IRS or state penalty or interest because of a TurboTax calculations error, we'll pay you the penalty and interest.
https://turbotax.intuit.com/corp/guarantees.jsp

State Tax Free

Efile 2011 Tax ReturnAmendment ReturnFree Taxes For Students1040x Form For 2012How To File A 2012 Tax ReturnFile 2012 Income TaxFree Tax Software OnlineTax Forms 2012 FederalIrs Forms 1040Free Tax Filing For SeniorsCorporate Tax SoftwareFiling 2010 Taxes Online1040 A Tax FormNonresidents State Tax FormsAmending A 2011 Tax ReturnHow Do I File My 2011 TaxesEtax ComAmended Tax Return FormMyfreetax Com1040ez 2012E File State Taxes FreeFree 1040ezCan I File 2012 Taxes In 2014Taxact.com 2012Www.my Freetax.comFiling Amended ReturnFree State Tax Filing Turbotax Code1040ez Instruction Booklet2011 Amended ReturnDoes Military Pay TaxesH&r BlockMyfreetaxes Com KingcountyCan You E File 1040x1090ez FormE File 2011 Taxes LateAmend Taxes TurbotaxHow To Fill Out A 1040x AmendmentH And R Free TaxWhat Forms Do I Need To File An Amended Tax Return1040ez Tax Return Forms 2013

State Tax Free

State tax free 4. State tax free   Qualified Plans Table of Contents Topics - This chapter discusses: Useful Items - You may want to see: Kinds of PlansDefined Contribution Plan Defined Benefit Plan Qualification RulesEarly retirement. State tax free Loan secured by benefits. State tax free Waiver of survivor benefits. State tax free Waiver of 30-day waiting period before annuity starting date. State tax free Involuntary cash-out of benefits not more than dollar limit. State tax free Exception for certain loans. State tax free Exception for QDRO. State tax free SIMPLE and safe harbor 401(k) plan exception. State tax free Setting Up a Qualified PlanAdopting a Written Plan Investing Plan Assets Minimum Funding RequirementDue dates. State tax free Installment percentage. State tax free Extended period for making contributions. State tax free ContributionsEmployer Contributions Employee Contributions When Contributions Are Considered Made Employer DeductionDeduction Limits Deduction Limit for Self-Employed Individuals Where To Deduct Contributions Carryover of Excess Contributions Excise Tax for Nondeductible (Excess) Contributions Elective Deferrals (401(k) Plans)Limit on Elective Deferrals Automatic Enrollment Treatment of Excess Deferrals Qualified Roth Contribution ProgramElective Deferrals Qualified Distributions Reporting Requirements DistributionsRequired Distributions Distributions From 401(k) Plans Tax Treatment of Distributions Tax on Early Distributions Tax on Excess Benefits Excise Tax on Reversion of Plan Assets Notification of Significant Benefit Accrual Reduction Prohibited TransactionsTax on Prohibited Transactions Reporting RequirementsOne-participant plan. State tax free Caution: Form 5500-EZ not required. State tax free Form 5500. State tax free Electronic filing of Forms 5500 and 5500-SF. State tax free Topics - This chapter discusses: Kinds of plans Qualification rules Setting up a qualified plan Minimum funding requirement Contributions Employer deduction Elective deferrals (401(k) plans) Qualified Roth contribution program Distributions Prohibited transactions Reporting requirements Useful Items - You may want to see: Publications 575 Pension and Annuity Income 590 Individual Retirement Arrangements (IRAs) 3066 Have you had your Check-up this year? for Retirement Plans 3998 Choosing A Retirement Solution for Your Small Business 4222 401(k) Plans for Small Businesses 4530 Designated Roth Accounts under a 401(k), 403(b), or governmental 457(b) plans 4531 401(k) Plan Checklist 4674 Automatic Enrollment 401(k) Plans for Small Businesses 4806 Profit Sharing Plans for Small Businesses Forms (and Instructions) www. State tax free dol. State tax free gov/ebsa/pdf/2013-5500. State tax free pdf www. State tax free dol. State tax free gov/ebsa/pdf/2013-5500-SF. State tax free pdf W-2 Wage and Tax Statement Schedule K-1 (Form 1065) Partner's Share of Income, Deductions, Credits, etc. State tax free 1099-R Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. State tax free 1040 U. State tax free S. State tax free Individual Income Tax Return Schedule C (Form 1040) Profit or Loss From Business Schedule F (Form 1040) Profit or Loss From Farming 5300 Application for Determination for Employee Benefit Plan 5310 Application for Determination for Terminating Plan 5329 Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts 5330 Return of Excise Taxes Related to Employee Benefit Plans 5500 Annual Return/Report of Employee Benefit Plan. State tax free For copies of this form, go to: 5500-EZ Annual Return of One-Participant (Owners and Their Spouses) Retirement Plan 5500-SF Short Form Annual Return/Report of Small Employee Benefit Plan. State tax free For copies of this form, go to: 8717 User Fee for Employee Plan Determination Letter Request 8880 Credit for Qualified Retirement Savings Contributions 8881 Credit for Small Employer Pension Plan Startup Costs 8955-SSA Annual Registration Statement Identifying Separated Participants With Deferred Vested Benefits These qualified retirement plans set up by self-employed individuals are sometimes called Keogh or H. State tax free R. State tax free 10 plans. State tax free A sole proprietor or a partnership can set up one of these plans. State tax free A common-law employee or a partner cannot set up one of these plans. State tax free The plans described here can also be set up and maintained by employers that are corporations. State tax free All the rules discussed here apply to corporations except where specifically limited to the self-employed. State tax free The plan must be for the exclusive benefit of employees or their beneficiaries. State tax free These qualified plans can include coverage for a self-employed individual. State tax free As an employer, you can usually deduct, subject to limits, contributions you make to a qualified plan, including those made for your own retirement. State tax free The contributions (and earnings and gains on them) are generally tax free until distributed by the plan. State tax free Kinds of Plans There are two basic kinds of qualified plans—defined contribution plans and defined benefit plans—and different rules apply to each. State tax free You can have more than one qualified plan, but your contributions to all the plans must not total more than the overall limits discussed under Contributions and Employer Deduction, later. State tax free Defined Contribution Plan A defined contribution plan provides an individual account for each participant in the plan. State tax free It provides benefits to a participant largely based on the amount contributed to that participant's account. State tax free Benefits are also affected by any income, expenses, gains, losses, and forfeitures of other accounts that may be allocated to an account. State tax free A defined contribution plan can be either a profit-sharing plan or a money purchase pension plan. State tax free Profit-sharing plan. State tax free   Although it is called a “profit-sharing plan,” you do not actually have to make a business profit for the year in order to make a contribution (except for yourself if you are self-employed as discussed under Self-employed Individual, later). State tax free A profit-sharing plan can be set up to allow for discretionary employer contributions, meaning the amount contributed each year to the plan is not fixed. State tax free An employer may even make no contribution to the plan for a given year. State tax free   The plan must provide a definite formula for allocating the contribution among the participants and for distributing the accumulated funds to the employees after they reach a certain age, after a fixed number of years, or upon certain other occurrences. State tax free   In general, you can be more flexible in making contributions to a profit-sharing plan than to a money purchase pension plan (discussed next) or a defined benefit plan (discussed later). State tax free Money purchase pension plan. State tax free   Contributions to a money purchase pension plan are fixed and are not based on your business profits. State tax free For example, if the plan requires that contributions be 10% of the participants' compensation without regard to whether you have profits (or the self-employed person has earned income), the plan is a money purchase pension plan. State tax free This applies even though the compensation of a self-employed individual as a participant is based on earned income derived from business profits. State tax free Defined Benefit Plan A defined benefit plan is any plan that is not a defined contribution plan. State tax free Contributions to a defined benefit plan are based on what is needed to provide definitely determinable benefits to plan participants. State tax free Actuarial assumptions and computations are required to figure these contributions. State tax free Generally, you will need continuing professional help to have a defined benefit plan. State tax free Qualification Rules To qualify for the tax benefits available to qualified plans, a plan must meet certain requirements (qualification rules) of the tax law. State tax free Generally, unless you write your own plan, the financial institution that provided your plan will take the continuing responsibility for meeting qualification rules that are later changed. State tax free The following is a brief overview of important qualification rules that generally have not yet been discussed. State tax free It is not intended to be all-inclusive. State tax free See Setting Up a Qualified Plan , later. State tax free Generally, the following qualification rules also apply to a SIMPLE 401(k) retirement plan. State tax free A SIMPLE 401(k) plan is, however, not subject to the top-heavy plan rules and nondiscrimination rules if the plan satisfies the provisions discussed in chapter 3 under SIMPLE 401(k) Plan. State tax free Plan assets must not be diverted. State tax free   Your plan must make it impossible for its assets to be used for, or diverted to, purposes other than the benefit of employees and their beneficiaries. State tax free As a general rule, the assets cannot be diverted to the employer. State tax free Minimum coverage requirement must be met. State tax free   To be a qualified plan, a defined benefit plan must benefit at least the lesser of the following. State tax free 50 employees, or The greater of: 40% of all employees, or Two employees. State tax free If there is only one employee, the plan must benefit that employee. State tax free Contributions or benefits must not discriminate. State tax free   Under the plan, contributions or benefits to be provided must not discriminate in favor of highly compensated employees. State tax free Contributions and benefits must not be more than certain limits. State tax free   Your plan must not provide for contributions or benefits that are more than certain limits. State tax free The limits apply to the annual contributions and other additions to the account of a participant in a defined contribution plan and to the annual benefit payable to a participant in a defined benefit plan. State tax free These limits are discussed later in this chapter under Contributions. State tax free Minimum vesting standard must be met. State tax free   Your plan must satisfy certain requirements regarding when benefits vest. State tax free A benefit is vested (you have a fixed right to it) when it becomes nonforfeitable. State tax free A benefit is nonforfeitable if it cannot be lost upon the happening, or failure to happen, of any event. State tax free Special rules apply to forfeited benefit amounts. State tax free In defined contribution plans, forfeitures can be allocated to the accounts of remaining participants in a nondiscriminatory way, or they can be used to reduce your contributions. State tax free   Forfeitures under a defined benefit plan cannot be used to increase the benefits any employee would otherwise receive under the plan. State tax free Forfeitures must be used instead to reduce employer contributions. State tax free Participation. State tax free   In general, an employee must be allowed to participate in your plan if he or she meets both the following requirements. State tax free Has reached age 21. State tax free Has at least 1 year of service (2 years if the plan is not a 401(k) plan and provides that after not more than 2 years of service the employee has a nonforfeitable right to all his or her accrued benefit). State tax free A plan cannot exclude an employee because he or she has reached a specified age. State tax free Leased employee. State tax free   A leased employee, defined in chapter 1, who performs services for you (recipient of the services) is treated as your employee for certain plan qualification rules. State tax free These rules include those in all the following areas. State tax free Nondiscrimination in coverage, contributions, and benefits. State tax free Minimum age and service requirements. State tax free Vesting. State tax free Limits on contributions and benefits. State tax free Top-heavy plan requirements. State tax free Contributions or benefits provided by the leasing organization for services performed for you are treated as provided by you. State tax free Benefit payment must begin when required. State tax free   Your plan must provide that, unless the participant chooses otherwise, the payment of benefits to the participant must begin within 60 days after the close of the latest of the following periods. State tax free The plan year in which the participant reaches the earlier of age 65 or the normal retirement age specified in the plan. State tax free The plan year in which the 10th anniversary of the year in which the participant began participating in the plan occurs. State tax free The plan year in which the participant separates from service. State tax free Early retirement. State tax free   Your plan can provide for payment of retirement benefits before the normal retirement age. State tax free If your plan offers an early retirement benefit, a participant who separates from service before satisfying the early retirement age requirement is entitled to that benefit if he or she meets both the following requirements. State tax free Satisfies the service requirement for the early retirement benefit. State tax free Separates from service with a nonforfeitable right to an accrued benefit. State tax free The benefit, which may be actuarially reduced, is payable when the early retirement age requirement is met. State tax free Required minimum distributions. State tax free   Special rules require minimum annual distributions from qualified plans, generally beginning after age  70½. State tax free See Required Distributions , under Distributions, later. State tax free Survivor benefits. State tax free   Defined benefit and money purchase pension plans must provide automatic survivor benefits in both the following forms. State tax free A qualified joint and survivor annuity for a vested participant who does not die before the annuity starting date. State tax free A qualified pre-retirement survivor annuity for a vested participant who dies before the annuity starting date and who has a surviving spouse. State tax free   The automatic survivor benefit also applies to any participant under a profit-sharing plan unless all the following conditions are met. State tax free The participant does not choose benefits in the form of a life annuity. State tax free The plan pays the full vested account balance to the participant's surviving spouse (or other beneficiary if the surviving spouse consents or if there is no surviving spouse) if the participant dies. State tax free The plan is not a direct or indirect transferee of a plan that must provide automatic survivor benefits. State tax free Loan secured by benefits. State tax free   If automatic survivor benefits are required for a spouse under a plan, he or she must consent to a loan that uses as security the accrued benefits in the plan. State tax free Waiver of survivor benefits. State tax free   Each plan participant may be permitted to waive the joint and survivor annuity or the pre-retirement survivor annuity (or both), but only if the participant has the written consent of the spouse. State tax free The plan also must allow the participant to withdraw the waiver. State tax free The spouse's consent must be witnessed by a plan representative or notary public. State tax free Waiver of 30-day waiting period before annuity starting date. State tax free    A plan may permit a participant to waive (with spousal consent) the 30-day minimum waiting period after a written explanation of the terms and conditions of a joint and survivor annuity is provided to each participant. State tax free   The waiver is allowed only if the distribution begins more than 7 days after the written explanation is provided. State tax free Involuntary cash-out of benefits not more than dollar limit. State tax free   A plan may provide for the immediate distribution of the participant's benefit under the plan if the present value of the benefit is not greater than $5,000. State tax free   However, the distribution cannot be made after the annuity starting date unless the participant and the spouse or surviving spouse of a participant who died (if automatic survivor benefits are required for a spouse under the plan) consents in writing to the distribution. State tax free If the present value is greater than $5,000, the plan must have the written consent of the participant and the spouse or surviving spouse (if automatic survivor benefits are required for a spouse under the plan) for any immediate distribution of the benefit. State tax free   Benefits attributable to rollover contributions and earnings on them can be ignored in determining the present value of these benefits. State tax free   A plan must provide for the automatic rollover of any cash-out distribution of more than $1,000 to an individual retirement account or annuity, unless the participant chooses otherwise. State tax free A section 402(f) notice must be sent prior to an involuntary cash-out of an eligible rollover distribution. State tax free See Section 402(f) Notice under Distributions, later, for more details. State tax free Consolidation, merger, or transfer of assets or liabilities. State tax free   Your plan must provide that, in the case of any merger or consolidation with, or transfer of assets or liabilities to, any other plan, each participant would (if the plan then terminated) receive a benefit equal to or more than the benefit he or she would have been entitled to just before the merger, etc. State tax free (if the plan had then terminated). State tax free Benefits must not be assigned or alienated. State tax free   Your plan must provide that a participant's or beneficiary's benefits under the plan cannot be taken away by any legal or equitable proceeding except as provided below or pursuant to certain judgements or settlements against the participant for violations of plan rules. State tax free Exception for certain loans. State tax free   A loan from the plan (not from a third party) to a participant or beneficiary is not treated as an assignment or alienation if the loan is secured by the participant's accrued nonforfeitable benefit and is exempt from the tax on prohibited transactions under section 4975(d)(1) or would be exempt if the participant were a disqualified person. State tax free A disqualified person is defined later in this chapter under Prohibited Transactions. State tax free Exception for QDRO. State tax free   Compliance with a QDRO (qualified domestic relations order) does not result in a prohibited assignment or alienation of benefits. State tax free   Payments to an alternate payee under a QDRO before the participant attains age 59½ are not subject to the 10% additional tax that would otherwise apply under certain circumstances. State tax free Benefits distributed to an alternate payee under a QDRO can be rolled over tax free to an individual retirement account or to an individual retirement annuity. State tax free No benefit reduction for social security increases. State tax free   Your plan must not permit a benefit reduction for a post-separation increase in the social security benefit level or wage base for any participant or beneficiary who is receiving benefits under your plan, or who is separated from service and has nonforfeitable rights to benefits. State tax free This rule also applies to plans supplementing the benefits provided by other federal or state laws. State tax free Elective deferrals must be limited. State tax free   If your plan provides for elective deferrals, it must limit those deferrals to the amount in effect for that particular year. State tax free See Limit on Elective Deferrals later in this chapter. State tax free Top-heavy plan requirements. State tax free   A top-heavy plan is one that mainly favors partners, sole proprietors, and other key employees. State tax free   A plan is top-heavy for a plan year if, for the preceding plan year, the total value of accrued benefits or account balances of key employees is more than 60% of the total value of accrued benefits or account balances of all employees. State tax free Additional requirements apply to a top-heavy plan primarily to provide minimum benefits or contributions for non-key employees covered by the plan. State tax free   Most qualified plans, whether or not top-heavy, must contain provisions that meet the top-heavy requirements and will take effect in plan years in which the plans are top-heavy. State tax free These qualification requirements for top-heavy plans are explained in section 416 and its regulations. State tax free SIMPLE and safe harbor 401(k) plan exception. State tax free   The top-heavy plan requirements do not apply to SIMPLE 401(k) plans, discussed earlier in chapter 3, or to safe harbor 401(k) plans that consist solely of safe harbor contributions, discussed later in this chapter. State tax free QACAs (discussed later) also are not subject to top-heavy requirements. State tax free Setting Up a Qualified Plan There are two basic steps in setting up a qualified plan. State tax free First you adopt a written plan. State tax free Then you invest the plan assets. State tax free You, the employer, are responsible for setting up and maintaining the plan. State tax free If you are self-employed, it is not necessary to have employees besides yourself to sponsor and set up a qualified plan. State tax free If you have employees, see Participation, under Qualification Rules, earlier. State tax free Set-up deadline. State tax free   To take a deduction for contributions for a tax year, your plan must be set up (adopted) by the last day of that year (December 31 for calendar-year employers). State tax free Credit for startup costs. State tax free   You may be able to claim a tax credit for part of the ordinary and necessary costs of starting a qualified plan that first became effective in 2013. State tax free For more information, see Credit for startup costs under Reminders, earlier. State tax free Adopting a Written Plan You must adopt a written plan. State tax free The plan can be an IRS-approved master or prototype plan offered by a sponsoring organization. State tax free Or it can be an individually designed plan. State tax free Written plan requirement. State tax free   To qualify, the plan you set up must be in writing and must be communicated to your employees. State tax free The plan's provisions must be stated in the plan. State tax free It is not sufficient for the plan to merely refer to a requirement of the Internal Revenue Code. State tax free Master or prototype plans. State tax free   Most qualified plans follow a standard form of plan (a master or prototype plan) approved by the IRS. State tax free Master and prototype plans are plans made available by plan providers for adoption by employers (including self-employed individuals). State tax free Under a master plan, a single trust or custodial account is established, as part of the plan, for the joint use of all adopting employers. State tax free Under a prototype plan, a separate trust or custodial account is established for each employer. State tax free Plan providers. State tax free   The following organizations generally can provide IRS-approved master or prototype plans. State tax free Banks (including some savings and loan associations and federally insured credit unions). State tax free Trade or professional organizations. State tax free Insurance companies. State tax free Mutual funds. State tax free Individually designed plan. State tax free   If you prefer, you can set up an individually designed plan to meet specific needs. State tax free Although advance IRS approval is not required, you can apply for approval by paying a fee and requesting a determination letter. State tax free You may need professional help for this. State tax free See Rev. State tax free Proc. State tax free 2014-6, 2014-1 I. State tax free R. State tax free B. State tax free 198, available at www. State tax free irs. State tax free gov/irb/2014-1_IRB/ar10. State tax free html, as annually updated, that may help you decide whether to apply for approval. State tax free Internal Revenue Bulletins are available on the IRS website at IRS. State tax free gov They are also available at most IRS offices and at certain libraries. State tax free User fee. State tax free   The fee mentioned earlier for requesting a determination letter does not apply to employers who have 100 or fewer employees who received at least $5,000 of compensation from the employer for the preceding year. State tax free At least one of them must be a non-highly compensated employee participating in the plan. State tax free The fee does not apply to requests made by the later of the following dates. State tax free The end of the 5th plan year the plan is in effect. State tax free The end of any remedial amendment period for the plan that begins within the first 5 plan years. State tax free The request cannot be made by the sponsor of a prototype or similar plan the sponsor intends to market to participating employers. State tax free   For more information about whether the user fee applies, see Rev. State tax free Proc. State tax free 2014-8, 2014-1 I. State tax free R. State tax free B. State tax free 242, available at www. State tax free irs. State tax free gov/irb/2014-1_IRB/ar12. State tax free html, as may be annually updated; Notice 2003-49, 2003-32 I. State tax free R. State tax free B. State tax free 294, available at www. State tax free irs. State tax free gov/irb/2003-32_IRB/ar13. State tax free html; and Notice 2011-86, 2011-45 I. State tax free R. State tax free B. State tax free 698, available at www. State tax free irs. State tax free gov/irb/2011-45_IRB/ar11. State tax free html. State tax free Investing Plan Assets In setting up a qualified plan, you arrange how the plan's funds will be used to build its assets. State tax free You can establish a trust or custodial account to invest the funds. State tax free You, the trust, or the custodial account can buy an annuity contract from an insurance company. State tax free Life insurance can be included only if it is incidental to the retirement benefits. State tax free You set up a trust by a legal instrument (written document). State tax free You may need professional help to do this. State tax free You can set up a custodial account with a bank, savings and loan association, credit union, or other person who can act as the plan trustee. State tax free You do not need a trust or custodial account, although you can have one, to invest the plan's funds in annuity contracts or face-amount certificates. State tax free If anyone other than a trustee holds them, however, the contracts or certificates must state they are not transferable. State tax free Other plan requirements. State tax free   For information on other important plan requirements, see Qualification Rules , earlier in this chapter. State tax free Minimum Funding Requirement In general, if your plan is a money purchase pension plan or a defined benefit plan, you must actually pay enough into the plan to satisfy the minimum funding standard for each year. State tax free Determining the amount needed to satisfy the minimum funding standard for a defined benefit plan is complicated, and you should seek professional help in order to meet these contribution requirements. State tax free For information on this funding requirement, see section 412 and its regulations. State tax free Quarterly installments of required contributions. State tax free   If your plan is a defined benefit plan subject to the minimum funding requirements, you generally must make quarterly installment payments of the required contributions. State tax free If you do not pay the full installments timely, you may have to pay interest on any underpayment for the period of the underpayment. State tax free Due dates. State tax free   The due dates for the installments are 15 days after the end of each quarter. State tax free For a calendar-year plan, the installments are due April 15, July 15, October 15, and January 15 (of the following year). State tax free Installment percentage. State tax free   Each quarterly installment must be 25% of the required annual payment. State tax free Extended period for making contributions. State tax free   Additional contributions required to satisfy the minimum funding requirement for a plan year will be considered timely if made by 8½ months after the end of that year. State tax free Contributions A qualified plan is generally funded by your contributions. State tax free However, employees participating in the plan may be permitted to make contributions, and you may be permitted to make contributions on your own behalf. State tax free See Employee Contributions and Elective Deferrals later. State tax free Contributions deadline. State tax free   You can make deductible contributions for a tax year up to the due date of your return (plus extensions) for that year. State tax free Self-employed individual. State tax free   You can make contributions on behalf of yourself only if you have net earnings (compensation) from self-employment in the trade or business for which the plan was set up. State tax free Your net earnings must be from your personal services, not from your investments. State tax free If you have a net loss from self-employment, you cannot make contributions for yourself for the year, even if you can contribute for common-law employees based on their compensation. State tax free Employer Contributions There are certain limits on the contributions and other annual additions you can make each year for plan participants. State tax free There are also limits on the amount you can deduct. State tax free See Deduction Limits , later. State tax free Limits on Contributions and Benefits Your plan must provide that contributions or benefits cannot exceed certain limits. State tax free The limits differ depending on whether your plan is a defined contribution plan or a defined benefit plan. State tax free Defined benefit plan. State tax free   For 2013, the annual benefit for a participant under a defined benefit plan cannot exceed the lesser of the following amounts. State tax free 100% of the participant's average compensation for his or her highest 3 consecutive calendar years. State tax free $205,000 ($210,000 for 2014). State tax free Defined contribution plan. State tax free   For 2013, a defined contribution plan's annual contributions and other additions (excluding earnings) to the account of a participant cannot exceed the lesser of the following amounts. State tax free 100% of the participant's compensation. State tax free $51,000 ($52,000 for 2014). State tax free   Catch-up contributions (discussed later under Limit on Elective Deferrals) are not subject to the above limit. State tax free Employee Contributions Participants may be permitted to make nondeductible contributions to a plan in addition to your contributions. State tax free Even though these employee contributions are not deductible, the earnings on them are tax free until distributed in later years. State tax free Also, these contributions must satisfy the actual contribution percentage (ACP) test of section 401(m)(2), a nondiscrimination test that applies to employee contributions and matching contributions. State tax free See Regulations sections 1. State tax free 401(k)-2 and 1. State tax free 401(m)-2 for further guidance relating to the nondiscrimination rules under sections 401(k) and 401(m). State tax free When Contributions Are Considered Made You generally apply your plan contributions to the year in which you make them. State tax free But you can apply them to the previous year if all the following requirements are met. State tax free You make them by the due date of your tax return for the previous year (plus extensions). State tax free The plan was established by the end of the previous year. State tax free The plan treats the contributions as though it had received them on the last day of the previous year. State tax free You do either of the following. State tax free You specify in writing to the plan administrator or trustee that the contributions apply to the previous year. State tax free You deduct the contributions on your tax return for the previous year. State tax free A partnership shows contributions for partners on Form 1065. State tax free Employer's promissory note. State tax free   Your promissory note made out to the plan is not a payment that qualifies for the deduction. State tax free Also, issuing this note is a prohibited transaction subject to tax. State tax free See Prohibited Transactions , later. State tax free Employer Deduction You can usually deduct, subject to limits, contributions you make to a qualified plan, including those made for your own retirement. State tax free The contributions (and earnings and gains on them) are generally tax free until distributed by the plan. State tax free Deduction Limits The deduction limit for your contributions to a qualified plan depends on the kind of plan you have. State tax free Defined contribution plans. State tax free   The deduction for contributions to a defined contribution plan (profit-sharing plan or money purchase pension plan) cannot be more than 25% of the compensation paid (or accrued) during the year to your eligible employees participating in the plan. State tax free If you are self-employed, you must reduce this limit in figuring the deduction for contributions you make for your own account. State tax free See Deduction Limit for Self-Employed Individuals , later. State tax free   When figuring the deduction limit, the following rules apply. State tax free Elective deferrals (discussed later) are not subject to the limit. State tax free Compensation includes elective deferrals. State tax free The maximum compensation that can be taken into account for each employee in 2013 is $255,000 ($260,000 for 2014). State tax free Defined benefit plans. State tax free   The deduction for contributions to a defined benefit plan is based on actuarial assumptions and computations. State tax free Consequently, an actuary must figure your deduction limit. State tax free    In figuring the deduction for contributions, you cannot take into account any contributions or benefits that are more than the limits discussed earlier under Limits on Contributions and Benefits, earlier. State tax free Table 4–1. State tax free Carryover of Excess Contributions Illustrated—Profit-Sharing Plan (000's omitted) Year Participants' compensation Participants' share of required contribution (10% of annual profit) Deductible  limit for current year (25% of compensation) Contribution Excess contribution carryover used1 Total  deduction including carryovers Excess contribution carryover available at end of year 2010 $1,000 $100 $250 $100 $ 0 $100 $ 0 2011 400 165 100 165 0 100 65 2012 500 100 125 100 25 125 40 2013 600 100 150 100 40 140 0  1There were no carryovers from years before 2010. State tax free Deduction Limit for Self-Employed Individuals If you make contributions for yourself, you need to make a special computation to figure your maximum deduction for these contributions. State tax free Compensation is your net earnings from self-employment, defined in chapter 1. State tax free This definition takes into account both the following items. State tax free The deduction for the deductible part of your self-employment tax. State tax free The deduction for contributions on your behalf to the plan. State tax free The deduction for your own contributions and your net earnings depend on each other. State tax free For this reason, you determine the deduction for your own contributions indirectly by reducing the contribution rate called for in your plan. State tax free To do this, use either the Rate Table for Self-Employed or the Rate Worksheet for Self-Employed in chapter 5. State tax free Then figure your maximum deduction by using the Deduction Worksheet for Self-Employed in chapter 5. State tax free Where To Deduct Contributions Deduct the contributions you make for your common-law employees on your tax return. State tax free For example, sole proprietors deduct them on Schedule C (Form 1040) or Schedule F (Form 1040); partnerships deduct them on Form 1065; and corporations deduct them on Form 1120, or Form 1120S. State tax free Sole proprietors and partners deduct contributions for themselves on line 28 of Form 1040. State tax free (If you are a partner, contributions for yourself are shown on the Schedule K-1 (Form 1065) you get from the partnership. State tax free ) Carryover of Excess Contributions If you contribute more to the plans than you can deduct for the year, you can carry over and deduct the difference in later years, combined with your contributions for those years. State tax free Your combined deduction in a later year is limited to 25% of the participating employees' compensation for that year. State tax free For purposes of this limit, a SEP is treated as a profit-sharing (defined contribution) plan. State tax free However, this percentage limit must be reduced to figure your maximum deduction for contributions you make for yourself. State tax free See Deduction Limit for Self-Employed Individuals, earlier. State tax free The amount you carry over and deduct may be subject to the excise tax discussed next. State tax free Table 4-1, earlier, illustrates the carryover of excess contributions to a profit-sharing plan. State tax free Excise Tax for Nondeductible (Excess) Contributions If you contribute more than your deduction limit to a retirement plan, you have made nondeductible contributions and you may be liable for an excise tax. State tax free In general, a 10% excise tax applies to nondeductible contributions made to qualified pension and profit-sharing plans and to SEPs. State tax free Special rule for self-employed individuals. State tax free   The 10% excise tax does not apply to any contribution made to meet the minimum funding requirements in a money purchase pension plan or a defined benefit plan. State tax free Even if that contribution is more than your earned income from the trade or business for which the plan is set up, the difference is not subject to this excise tax. State tax free See Minimum Funding Requirement , earlier. State tax free Reporting the tax. State tax free   You must report the tax on your nondeductible contributions on Form 5330. State tax free Form 5330 includes a computation of the tax. State tax free See the separate instructions for completing the form. State tax free Elective Deferrals (401(k) Plans) Your qualified plan can include a cash or deferred arrangement under which participants can choose to have you contribute part of their before-tax compensation to the plan rather than receive the compensation in cash. State tax free A plan with this type of arrangement is popularly known as a “401(k) plan. State tax free ” (As a self-employed individual participating in the plan, you can contribute part of your before-tax net earnings from the business. State tax free ) This contribution is called an “elective deferral” because participants choose (elect) to defer receipt of the money. State tax free In general, a qualified plan can include a cash or deferred arrangement only if the qualified plan is one of the following plans. State tax free A profit-sharing plan. State tax free A money purchase pension plan in existence on June 27, 1974, that included a salary reduction arrangement on that date. State tax free Partnership. State tax free   A partnership can have a 401(k) plan. State tax free Restriction on conditions of participation. State tax free   The plan cannot require, as a condition of participation, that an employee complete more than 1 year of service. State tax free Matching contributions. State tax free   If your plan permits, you can make matching contributions for an employee who makes an elective deferral to your 401(k) plan. State tax free For example, the plan might provide that you will contribute 50 cents for each dollar your participating employees choose to defer under your 401(k) plan. State tax free Matching contributions are generally subject to the ACP test discussed earlier under Employee Contributions. State tax free Nonelective contributions. State tax free   You can also make contributions (other than matching contributions) for your participating employees without giving them the choice to take cash instead. State tax free These are called nonelective contributions. State tax free Employee compensation limit. State tax free   No more than $255,000 of the employee's compensation can be taken into account when figuring contributions other than elective deferrals in 2013. State tax free This limit is $260,000 in 2014. State tax free SIMPLE 401(k) plan. State tax free   If you had 100 or fewer employees who earned $5,000 or more in compensation during the preceding year, you may be able to set up a SIMPLE 401(k) plan. State tax free A SIMPLE 401(k) plan is not subject to the nondiscrimination and top-heavy plan requirements discussed earlier under Qualification Rules. State tax free For details about SIMPLE 401(k) plans, see SIMPLE 401(k) Plan in chapter 3. State tax free Distributions. State tax free   Certain rules apply to distributions from 401(k) plans. State tax free See Distributions From 401(k) Plans , later. State tax free Limit on Elective Deferrals There is a limit on the amount an employee can defer each year under these plans. State tax free This limit applies without regard to community property laws. State tax free Your plan must provide that your employees cannot defer more than the limit that applies for a particular year. State tax free For 2013 and 2014, the basic limit on elective deferrals is $17,500. State tax free This limit applies to all salary reduction contributions and elective deferrals. State tax free If, in conjunction with other plans, the deferral limit is exceeded, the difference is included in the employee's gross income. State tax free Catch-up contributions. State tax free   A 401(k) plan can permit participants who are age 50 or over at the end of the calendar year to also make catch-up contributions. State tax free The catch-up contribution limit for 2013 and 2014 is $5,500. State tax free Elective deferrals are not treated as catch-up contributions for 2013 until they exceed the $17,500 limit, the actual deferral percentage (ADP) test limit of section 401(k)(3), or the plan limit (if any). State tax free However, the catch-up contribution a participant can make for a year cannot exceed the lesser of the following amounts. State tax free The catch-up contribution limit. State tax free The excess of the participant's compensation over the elective deferrals that are not catch-up contributions. State tax free Treatment of contributions. State tax free   Your contributions to your own 401(k) plan are generally deductible by you for the year they are contributed to the plan. State tax free Matching or nonelective contributions made to the plan are also deductible by you in the year of contribution. State tax free Your employees' elective deferrals other than designated Roth contributions are tax free until distributed from the plan. State tax free Elective deferrals are included in wages for social security, Medicare, and federal unemployment (FUTA) tax. State tax free Forfeiture. State tax free   Employees have a nonforfeitable right at all times to their accrued benefit attributable to elective deferrals. State tax free Reporting on Form W-2. State tax free   Do not include elective deferrals in the “Wages, tips, other compensation” box of Form W-2. State tax free You must, however, include them in the “Social security wages” and “Medicare wages and tips” boxes. State tax free You must also include them in box 12. State tax free Mark the “Retirement plan” checkbox in box 13. State tax free For more information, see the Form W-2 instructions. State tax free Automatic Enrollment Your 401(k) plan can have an automatic enrollment feature. State tax free Under this feature, you can automatically reduce an employee's pay by a fixed percentage and contribute that amount to the 401(k) plan on his or her behalf unless the employee affirmatively chooses not to have his or her pay reduced or chooses to have it reduced by a different percentage. State tax free These contributions are elective deferrals. State tax free An automatic enrollment feature will encourage employees' saving for retirement and will help your plan pass nondiscrimination testing (if applicable). State tax free For more information, see Publication 4674, Automatic Enrollment 401(k) Plans for Small Businesses. State tax free Eligible automatic contribution arrangement. State tax free   Under an eligible automatic contribution arrangement (EACA), a participant is treated as having elected to have the employer make contributions in an amount equal to a uniform percentage of compensation. State tax free This automatic election will remain in place until the participant specifically elects not to have such deferral percentage made (or elects a different percentage). State tax free There is no required deferral percentage. State tax free Withdrawals. State tax free   Under an EACA, you may allow participants to withdraw their automatic contributions to the plan if certain conditions are met. State tax free The participant must elect the withdrawal no later than 90 days after the date of the first elective contributions under the EACA. State tax free The participant must withdraw the entire amount of EACA default contributions, including any earnings thereon. State tax free   If the plan allows withdrawals under the EACA, the amount of the withdrawal other than the amount of any designated Roth contributions must be included in the employee's gross income for the tax year in which the distribution is made. State tax free The additional 10% tax on early distributions will not apply to the distribution. State tax free Notice requirement. State tax free   Under an EACA, employees must be given written notice of the terms of the EACA within a reasonable period of time before each plan year. State tax free The notice must be written in a manner calculated to be understood by the average employee and be sufficiently accurate and comprehensive in order to apprise the employee of his or her rights and obligations under the EACA. State tax free The notice must include an explanation of the employee's right to elect not to have elective contributions made on his or her behalf, or to elect a different percentage, and the employee must be given a reasonable period of time after receipt of the notice before the first elective contribution is made. State tax free The notice also must explain how contributions will be invested in the absence of an investment election by the employee. State tax free Qualified automatic contribution arrangement. State tax free    A qualified automatic contribution arrangement (QACA) is a type of safe harbor plan. State tax free It contains an automatic enrollment feature, and mandatory employer contributions are required. State tax free If your plan includes a QACA, it will not be subject to the ADP test (discussed later) nor the top-heavy requirements (discussed earlier). State tax free Additionally, your plan will not be subject to the actual contribution percentage (ACP) test if certain additional requirements are met. State tax free Under a QACA, each employee who is eligible to participate in the plan will be treated as having elected to make elective deferral contributions equal to a certain default percentage of compensation. State tax free In order to not have default elective deferrals made, an employee must make an affirmative election specifying a deferral percentage (including zero, if desired). State tax free If an employee does not make an affirmative election, the default deferral percentage must meet the following conditions. State tax free It must be applied uniformly. State tax free It must not exceed 10%. State tax free It must be at least 3% in the first plan year it applies to an employee and through the end of the following year. State tax free It must increase to at least 4% in the following plan year. State tax free It must increase to at least 5% in the following plan year. State tax free It must increase to at least 6% in subsequent plan years. State tax free Matching or nonelective contributions. State tax free   Under the terms of the QACA, you must make either matching or nonelective contributions according to the following terms. State tax free Matching contributions. State tax free You must make matching contributions on behalf of each non-highly compensated employee in the following amounts. State tax free An amount equal to 100% of elective deferrals, up to 1% of compensation. State tax free An amount equal to 50% of elective deferrals, from 1% up to 6% of compensation. State tax free Other formulas may be used as long as they are at least as favorable to non-highly compensated employees. State tax free The rate of matching contributions for highly compensated employees, including yourself, must not exceed the rates for non-highly compensated employees. State tax free Nonelective contributions. State tax free You must make nonelective contributions on behalf of every non-highly compensated employee eligible to participate in the plan, regardless of whether they elected to participate, in an amount equal to at least 3% of their compensation. State tax free Vesting requirements. State tax free   All accrued benefits attributed to matching or nonelective contributions under the QACA must be 100% vested for all employees who complete 2 years of service. State tax free These contributions are subject to special withdrawal restrictions, discussed later. State tax free Notice requirements. State tax free   Each employee eligible to participate in the QACA must receive written notice of their rights and obligations under the QACA, within a reasonable period before each plan year. State tax free The notice must be written in a manner calculated to be understood by the average employee, and it must be accurate and comprehensive. State tax free The notice must explain their right to elect not to have elective contributions made on their behalf, or to have contributions made at a different percentage than the default percentage. State tax free Additionally, the notice must explain how contributions will be invested in the absence of any investment election by the employee. State tax free The employee must have a reasonable period of time after receiving the notice to make such contribution and investment elections prior to the first contributions under the QACA. State tax free Treatment of Excess Deferrals If the total of an employee's deferrals is more than the limit for 2013, the employee can have the difference (called an excess deferral) paid out of any of the plans that permit these distributions. State tax free He or she must notify the plan by April 15, 2014 (or an earlier date specified in the plan), of the amount to be paid from each plan. State tax free The plan must then pay the employee that amount, plus earnings on the amount through the end of 2013, by April 15, 2014. State tax free Excess withdrawn by April 15. State tax free   If the employee takes out the excess deferral by April 15, 2014, it is not reported again by including it in the employee's gross income for 2014. State tax free However, any income earned in 2013 on the excess deferral taken out is taxable in the tax year in which it is taken out. State tax free The distribution is not subject to the additional 10% tax on early distributions. State tax free   If the employee takes out part of the excess deferral and the income on it, the distribution is treated as made proportionately from the excess deferral and the income. State tax free   Even if the employee takes out the excess deferral by April 15, the amount will be considered for purposes of nondiscrimination testing requirements of the plan, unless the distributed amount is for a non-highly compensated employee who participates in only one employer's 401(k) plan or plans. State tax free Excess not withdrawn by April 15. State tax free   If the employee does not take out the excess deferral by April 15, 2014, the excess, though taxable in 2013, is not included in the employee's cost basis in figuring the taxable amount of any eventual distributions under the plan. State tax free In effect, an excess deferral left in the plan is taxed twice, once when contributed and again when distributed. State tax free Also, if the employee's excess deferral is allowed to stay in the plan and the employee participates in no other employer's plan, the plan can be disqualified. State tax free Reporting corrective distributions on Form 1099-R. State tax free   Report corrective distributions of excess deferrals (including any earnings) on Form 1099-R. State tax free For specific information about reporting corrective distributions, see the Instructions for Forms 1099-R and 5498. State tax free Tax on excess contributions of highly compensated employees. State tax free   The law provides tests to detect discrimination in a plan. State tax free If tests, such as the actual deferral percentage test (ADP test) (see section 401(k)(3)) and the actual contribution percentage test (ACP test) (see section 401(m)(2)), show that contributions for highly compensated employees are more than the test limits for these contributions, the employer may have to pay a 10% excise tax. State tax free Report the tax on Form 5330. State tax free The ADP test does not apply to a safe harbor 401(k) plan (discussed next) nor to a QACA. State tax free Also, the ACP test does not apply to these plans if certain additional requirements are met. State tax free   The tax for the year is 10% of the excess contributions for the plan year ending in your tax year. State tax free Excess contributions are elective deferrals, employee contributions, or employer matching or nonelective contributions that are more than the amount permitted under the ADP test or the ACP test. State tax free   See Regulations sections 1. State tax free 401(k)-2 and 1. State tax free 401(m)-2 for further guidance relating to the nondiscrimination rules under sections 401(k) and 401(m). State tax free    If the plan fails the ADP or ACP testing, and the failure is not corrected by the end of the next plan year, the plan can be disqualified. State tax free Safe harbor 401(k) plan. State tax free If you meet the requirements for a safe harbor 401(k) plan, you do not have to satisfy the ADP test, nor the ACP test, if certain additional requirements are met. State tax free For your plan to be a safe harbor plan, you must meet the following conditions. State tax free Matching or nonelective contributions. State tax free You must make matching or nonelective contributions according to one of the following formulas. State tax free Matching contributions. State tax free You must make matching contributions according to the following rules. State tax free You must contribute an amount equal to 100% of each non-highly compensated employee's elective deferrals, up to 3% of compensation. State tax free You must contribute an amount equal to 50% of each non-highly compensated employee's elective deferrals, from 3% up to 5% of compensation. State tax free The rate of matching contributions for highly compensated employees, including yourself, must not exceed the rates for non-highly compensated employees. State tax free Nonelective contributions. State tax free You must make nonelective contributions, without regard to whether the employee made elective deferrals, on behalf of all non-highly compensated employees eligible to participate in the plan, equal to at least 3% of the employee's compensation. State tax free These mandatory matching and nonelective contributions must be immediately 100% vested and are subject to special withdrawal restrictions. State tax free Notice requirement. State tax free You must give eligible employees written notice of their rights and obligations with regard to contributions under the plan, within a reasonable period before the plan year. State tax free The other requirements for a 401(k) plan, including withdrawal and vesting rules, must also be met for your plan to qualify as a safe harbor 401(k) plan. State tax free Qualified Roth Contribution Program Under this program an eligible employee can designate all or a portion of his or her elective deferrals as after-tax Roth contributions. State tax free Elective deferrals designated as Roth contributions must be maintained in a separate Roth account. State tax free However, unlike other elective deferrals, designated Roth contributions are not excluded from employees' gross income, but qualified distributions from a Roth account are excluded from employees' gross income. State tax free Elective Deferrals Under a qualified Roth contribution program, the amount of elective deferrals that an employee may designate as a Roth contribution is limited to the maximum amount of elective deferrals excludable from gross income for the year (for 2013 and 2014, $17,500 if under age 50 and $23,000 if age 50 or over) less the total amount of the employee's elective deferrals not designated as Roth contributions. State tax free Designated Roth deferrals are treated the same as pre-tax elective deferrals for most purposes, including: The annual individual elective deferral limit (total of all designated Roth contributions and traditional, pre-tax elective deferrals) of $17,500 for 2013 and 2014, with an additional $5,500 if age 50 or over for 2013 and 2014, Determining the maximum employee and employer annual contributions of the lesser of 100% of compensation or $51,000 for 2013 ($52,000 for 2014), Nondiscrimination testing, Required distributions, and Elective deferrals not taken into account for purposes of deduction limits. State tax free Qualified Distributions A qualified distribution is a distribution that is made after the employee's nonexclusion period and: On or after the employee attains age   59½, On account of the employee's being disabled, or On or after the employee's death. State tax free An employee's nonexclusion period for a plan is the 5-tax-year period beginning with the earlier of the following tax years. State tax free The first tax year in which the employee made a contribution to his or her Roth account in the plan, or If a rollover contribution was made to the employee's designated Roth account from a designated Roth account previously established for the employee under another plan, then the first tax year the employee made a designated Roth contribution to the previously established account. State tax free Rollover. State tax free   Beginning September 28, 2010, a rollover from another account can be made to a designated Roth account in the same plan. State tax free For additional information on these in-plan Roth rollovers, see Notice 2010-84, 2010-51 I. State tax free R. State tax free B. State tax free 872, available at www. State tax free irs. State tax free gov/irb/2010-51_IRB/ar11. State tax free html, and Notice 2013-74. State tax free A distribution from a designated Roth account can only be rolled over to another designated Roth account or a Roth IRA. State tax free Rollover amounts do not apply toward the annual deferral limit. State tax free Reporting Requirements You must report a contribution to a Roth account on Form W-2 and a distribution from a Roth account on Form 1099-R. State tax free See the Form W-2 and 1099-R instructions for detailed information. State tax free Distributions Amounts paid to plan participants from a qualified plan are called distributions. State tax free Distributions may be nonperiodic, such as lump-sum distributions, or periodic, such as annuity payments. State tax free Also, certain loans may be treated as distributions. State tax free See Loans Treated as Distributions in Publication 575. State tax free Required Distributions A qualified plan must provide that each participant will either: Receive his or her entire interest (benefits) in the plan by the required beginning date (defined later), or Begin receiving regular periodic distributions by the required beginning date in annual amounts calculated to distribute the participant's entire interest (benefits) over his or her life expectancy or over the joint life expectancy of the participant and the designated beneficiary (or over a shorter period). State tax free These distribution rules apply individually to each qualified plan. State tax free You cannot satisfy the requirement for one plan by taking a distribution from another. State tax free The plan must provide that these rules override any inconsistent distribution options previously offered. State tax free Minimum distribution. State tax free   If the account balance of a qualified plan participant is to be distributed (other than as an annuity), the plan administrator must figure the minimum amount required to be distributed each distribution calendar year. State tax free This minimum is figured by dividing the account balance by the applicable life expectancy. State tax free The plan administrator can use the life expectancy tables in Appendix C of Publication 590 for this purpose. State tax free For more information on figuring the minimum distribution, see Tax on Excess Accumulation in Publication 575. State tax free Required beginning date. State tax free   Generally, each participant must receive his or her entire benefits in the plan or begin to receive periodic distributions of benefits from the plan by the required beginning date. State tax free   A participant must begin to receive distributions from his or her qualified retirement plan by April 1 of the first year after the later of the following years. State tax free Calendar year in which he or she reaches age 70½. State tax free Calendar year in which he or she retires from employment with the employer maintaining the plan. State tax free However, the plan may require the participant to begin receiving distributions by April 1 of the year after the participant reaches age 70½ even if the participant has not retired. State tax free   If the participant is a 5% owner of the employer maintaining the plan, the participant must begin receiving distributions by April 1 of the first year after the calendar year in which the participant reached age 70½. State tax free For more information, see Tax on Excess Accumulation in Publication 575. State tax free Distributions after the starting year. State tax free   The distribution required to be made by April 1 is treated as a distribution for the starting year. State tax free (The starting year is the year in which the participant meets (1) or (2) above, whichever applies. State tax free ) After the starting year, the participant must receive the required distribution for each year by December 31 of that year. State tax free If no distribution is made in the starting year, required distributions for 2 years must be made in the next year (one by April 1 and one by December 31). State tax free Distributions after participant's death. State tax free   See Publication 575 for the special rules covering distributions made after the death of a participant. State tax free Distributions From 401(k) Plans Generally, distributions cannot be made until one of the following occurs. State tax free The employee retires, dies, becomes disabled, or otherwise severs employment. State tax free The plan ends and no other defined contribution plan is established or continued. State tax free In the case of a 401(k) plan that is part of a profit-sharing plan, the employee reaches age 59½ or suffers financial hardship. State tax free For the rules on hardship distributions, including the limits on them, see Regulations section 1. State tax free 401(k)-1(d). State tax free The employee becomes eligible for a qualified reservist distribution (defined next). State tax free Certain distributions listed above may be subject to the tax on early distributions discussed later. State tax free Qualified reservist distributions. State tax free   A qualified reservist distribution is a distribution from an IRA or an elective deferral account made after September 11, 2001, to a military reservist or a member of the National Guard who has been called to active duty for at least 180 days or for an indefinite period. State tax free All or part of a qualified reservist distribution can be recontributed to an IRA. State tax free The additional 10% tax on early distributions does not apply to a qualified reservist distribution. State tax free Tax Treatment of Distributions Distributions from a qualified plan minus a prorated part of any cost basis are subject to income tax in the year they are distributed. State tax free Since most recipients have no cost basis, a distribution is generally fully taxable. State tax free An exception is a distribution that is properly rolled over as discussed under Rollover, next. State tax free The tax treatment of distributions depends on whether they are made periodically over several years or life (periodic distributions) or are nonperiodic distributions. State tax free See Taxation of Periodic Payments and Taxation of Nonperiodic Payments in Publication 575 for a detailed description of how distributions are taxed, including the 10-year tax option or capital gain treatment of a lump-sum distribution. State tax free Note. State tax free A recipient of a distribution from a designated Roth account will have a cost basis since designated Roth contributions are made on an after-tax basis. State tax free Also, a distribution from a designated Roth account is entirely tax-free if certain conditions are met. State tax free See Qualified distributions under Qualified Roth Contribution Program, earlier. State tax free Rollover. State tax free   The recipient of an eligible rollover distribution from a qualified plan can defer the tax on it by rolling it over into a traditional IRA or another eligible retirement plan. State tax free However, it may be subject to withholding as discussed under Withholding requirement, later. State tax free A rollover can also be made to a Roth IRA, in which case, any previously untaxed amounts are includible in gross income unless the rollover is from a designated Roth account. State tax free Eligible rollover distribution. State tax free   This is a distribution of all or any part of an employee's balance in a qualified retirement plan that is not any of the following. State tax free A required minimum distribution. State tax free See Required Distributions , earlier. State tax free Any of a series of substantially equal payments made at least once a year over any of the following periods. State tax free The employee's life or life expectancy. State tax free The joint lives or life expectancies of the employee and beneficiary. State tax free A period of 10 years or longer. State tax free A hardship distribution. State tax free The portion of a distribution that represents the return of an employee's nondeductible contributions to the plan. State tax free See Employee Contributions , earlier, and Rollover of nontaxable amounts, next. State tax free Loans treated as distributions. State tax free Dividends on employer securities. State tax free The cost of any life insurance coverage provided under a qualified retirement plan. State tax free Similar items designated by the IRS in published guidance. State tax free See, for example, the Instructions for Forms 1099-R and 5498. State tax free Rollover of nontaxable amounts. State tax free   You may be able to roll over the nontaxable part of a distribution to another qualified retirement plan or a section 403(b) plan, or to an IRA. State tax free If the rollover is to a qualified retirement plan or a section 403(b) plan that separately accounts for the taxable and nontaxable parts of the rollover, the transfer must be made through a direct (trustee-to-trustee) rollover. State tax free If the rollover is to an IRA, the transfer can be made by any rollover method. State tax free Note. State tax free A distribution from a designated Roth account can be rolled over to another designated Roth account or to a Roth IRA. State tax free If the rollover is to a Roth IRA, it can be rolled over by any rollover method, but if the rollover is to another designated Roth account, it must be rolled over directly (trustee-to-trustee). State tax free More information. State tax free   For more information about rollovers, see Rollovers in Pubs. State tax free 575 and 590. State tax free Withholding requirement. State tax free   If, during a year, a qualified plan pays to a participant one or more eligible rollover distributions (defined earlier) that are reasonably expected to total $200 or more, the payor must withhold 20% of the taxable portion of each distribution for federal income tax. State tax free Exceptions. State tax free   If, instead of having the distribution paid to him or her, the participant chooses to have the plan pay it directly to an IRA or another eligible retirement plan (a direct rollover), no withholding is required. State tax free   If the distribution is not an eligible rollover distribution, defined earlier, the 20% withholding requirement does not apply. State tax free Other withholding rules apply to distributions that are not eligible rollover distributions, such as long-term periodic distributions and required distributions (periodic or nonperiodic). State tax free However, the participant can choose not to have tax withheld from these distributions. State tax free If the participant does not make this choice, the following withholding rules apply. State tax free For periodic distributions, withholding is based on their treatment as wages. State tax free For nonperiodic distributions, 10% of the taxable part is withheld. State tax free Estimated tax payments. State tax free   If no income tax is withheld or not enough tax is withheld, the recipient of a distribution may have to make estimated tax payments. State tax free For more information, see Withholding Tax and Estimated Tax in Publication 575. State tax free Section 402(f) Notice. State tax free   If a distribution is an eligible rollover distribution, as defined earlier, you must provide a written notice to the recipient that explains the following rules regarding such distributions. State tax free That the distribution may be directly transferred to an eligible retirement plan and information about which distributions are eligible for this direct transfer. State tax free That tax will be withheld from the distribution if it is not directly transferred to an eligible retirement plan. State tax free That the distribution will not be subject to tax if transferred to an eligible retirement plan within 60 days after the date the recipient receives the distribution. State tax free Certain other rules that may be applicable. State tax free   Notice 2009-68, 2009-39 I. State tax free R. State tax free B. State tax free 423, available at www. State tax free irs. State tax free gov/irb/2009-39_IRB/ar14. State tax free html, contains two updated safe harbor section 402(f) notices that plan administrators may provide recipients of eligible rollover distributions. State tax free If the plan allows in-plan Roth rollovers, the 402(f) notice must be amended to reflect this. State tax free Notice 2010-84 contains guidance on how to modify a 402(f) notice for in-plan Roth rollovers. State tax free Timing of notice. State tax free   The notice generally must be provided no less than 30 days and no more than 180 days before the date of a distribution. State tax free Method of notice. State tax free   The written notice must be provided individually to each distributee of an eligible rollover distribution. State tax free Posting of the notice is not sufficient. State tax free However, the written requirement may be satisfied through the use of electronic media if certain additional conditions are met. State tax free See Regulations section 1. State tax free 401(a)-21. State tax free Tax on failure to give notice. State tax free   Failure to give a 402(f) notice will result in a tax of $100 for each failure, with a total not exceeding $50,000 per calendar year. State tax free The tax will not be imposed if it is shown that such failure is due to reasonable cause and not to willful neglect. State tax free Tax on Early Distributions If a distribution is made to an employee under the plan before he or she reaches age 59½, the employee may have to pay a 10% additional tax on the distribution. State tax free This tax applies to the amount received that the employee must include in income. State tax free Exceptions. State tax free   The 10% tax will not apply if distributions before age 59½ are made in any of the following circumstances. State tax free Made to a beneficiary (or to the estate of the employee) on or after the death of the employee. State tax free Made due to the employee having a qualifying disability. State tax free Made as part of a series of substantially equal periodic payments beginning after separation from service and made at least annually for the life or life expectancy of the employee or the joint lives or life expectancies of the employee and his or her designated beneficiary. State tax free (The payments under this exception, except in the case of death or disability, must continue for at least 5 years or until the employee reaches age 59½, whichever is the longer period. State tax free ) Made to an employee after separation from service if the separation occurred during o

IRB Title Publication Date
IRB 2014-14 html

IRB 2014-14 pdf
March 31, 2014
IRB 2014-13 html

IRB 2014-13 pdf
March 24, 2014
IRB 2014-12 html

IRB 2014-12 pdf
March 17, 2014
IRB 2014-11 html

IRB 2014-11 pdf
March 10, 2014
IRB 2014-10 html

IRB 2014-10 pdf
March 3, 2014
IRB 2014-9 html

IRB 2014-9 pdf
February 24, 2014
IRB 2014-8 html

IRB 2014-8 pdf
February 17, 2014
IRB 2014-7 html

IRB 2014-7 pdf
February 10, 2014
IRB 2014-6 html

IRB 2014-6 pdf
February 3, 2014
IRB 2014-5 html

IRB 2014-5 pdf
January 27, 2014
IRB 2014-4 html

IRB 2014-4 pdf
January 21, 2014
IRB 2014-3 html

IRB 2014-3 pdf
January 13, 2014
IRB 2014-2 html

IRB 2014-2 pdf
January 6, 2014
IRB 2014-1 html

IRB 2014-1 pdf
January 2, 2014
IRB 2013-52 html

IRB 2013-52 pdf
December 23, 2013
IRB 2013-51 html

IRB 2013-51 pdf
December 16, 2013
IRB 2013-50 html

IRB 2013-50 pdf
December 9, 2013
IRB 2013-49 html

IRB 2013-49 pdf
December 2, 2013
IRB 2013-48 html

IRB 2013-48 pdf
November 25, 2013
IRB 2013-47 html

IRB 2013-47 pdf
November 18, 2013
IRB 2013-46 html

IRB 2013-46 pdf
November 12, 2013
IRB 2013-45 html

IRB 2013-45 pdf
November 4, 2013
IRB 2013-44 html

IRB 2013-44 pdf
October 28, 2013
IRB 2013-43 html

IRB 2013-43 pdf
October 21, 2013
IRB 2013-40 html

IRB 2013-40 pdf
September 30, 2013
IRB 2013-39 html

IRB 2013-39 pdf
September 23, 2013
IRB 2013-38 html

IRB 2013-38 pdf
September 16, 2013
IRB 2013-37 html

IRB 2013-37 pdf
September 9, 2013
IRB 2013-36 html

IRB 2013-36 pdf
September 3, 2013
IRB 2013-35 html

IRB 2013-35 pdf
August 26, 2013
IRB 2013-34 html

IRB 2013-34 pdf
August 19, 2013
IRB 2013-33 html

IRB 2013-33 pdf
August 12, 2013
IRB 2013-32 html

IRB 2013-32 pdf
August 5, 2013
IRB 2013-31 html

IRB 2013-31 pdf
July 29, 2013
IRB 2013-30 html

IRB 2013-30 pdf
July 22, 2013
IRB 2013-29 html

IRB 2013-29 pdf
July 15, 2013
IRB 2013-28 html

IRB 2013-28 pdf
July 8, 2013
IRB 2013-27 html

IRB 2013-27 pdf
July 1, 2013
IRB 2013-26 html

IRB 2013-26 pdf
June 24, 2013
IRB 2013-25 html

IRB 2013-25 pdf
June 17, 2013
IRB 2013-24 html

IRB 2013-24 pdf
June 10, 2013
IRB 2013-23 html

IRB 2013-23 pdf
June 3, 2013
IRB 2013-22 html

IRB 2013-22 pdf
May 28, 2013
IRB 2013-21 html

IRB 2013-21 pdf
May 20, 2013
IRB 2013-20 html

IRB 2013-20 pdf
May 13, 2013
IRB 2013-19 html

IRB 2013-19 pdf
May 6, 2013
IRB 2013-18 html

IRB 2013-18 pdf
April 29, 2013
IRB 2013-17 html

IRB 2013-17 pdf
April 22, 2013
IRB 2013-16 html

IRB 2013-16 pdf
April 15, 2013
IRB 2013-15 html

IRB 2013-15 pdf
April 8, 2013
IRB 2013-14 html

IRB 2013-14 pdf
April 1, 2013
IRB 2013-13 html

IRB 2013-13 pdf
March 25, 2013
IRB 2013-12 html

IRB 2013-12 pdf
March 18, 2013
IRB 2013-11 html

IRB 2013-11 pdf
March 11, 2013
IRB 2013-10 html

IRB 2013-10 pdf
March 4, 2013
IRB 2013-9 html

IRB 2013-9 pdf
February 25, 2013
IRB 2013-8 html

IRB 2013-8 pdf
February 19, 2013
IRB 2013-7 html

IRB 2013-7 pdf
February 11, 2013
IRB 2013-6 html

IRB 2013-6 pdf
February 4, 2013
IRB 2013-5 html

IRB 2013-5 pdf
January 28, 2013
IRB 2013-4 html

IRB 2013-4 pdf
January 22, 2013
IRB 2013-3 html

IRB 2013-3 pdf
January 14, 2013
IRB 2013-2 html

IRB 2013-2 pdf
January 7, 2013
IRB 2013-1 html

IRB 2013-1 pdf
January 2, 2013
IRB 2012-52 html

IRB 2012-52 pdf
December 27, 2012
IRB 2012-51 html

IRB 2012-51 pdf
December 17, 2012
IRB 2012-50 html

IRB 2012-50 pdf
December 10, 2012
IRB 2012-49 html

IRB 2012-49 pdf
December 3, 2012
IRB 2012-48 html

IRB 2012-48 pdf
November 26, 2012
IRB 2012-47 html

IRB 2012-47 pdf
November 19, 2012
IRB 2012-46 html

IRB 2012-46 pdf
November 13, 2012
IRB 2012-45 html

IRB 2012-45 pdf
November 5, 2012
IRB 2012-44 html

IRB 2012-44 pdf
October 29, 2012
IRB 2012-43 html

IRB 2012-43 pdf
October 22, 2012
IRB 2012-42 html

IRB 2012-42 pdf
October 15, 2012
IRB 2012-41 html

IRB 2012-41 pdf
October 9, 2012
IRB 2012-40 html

IRB 2012-40 pdf
October 1, 2012
IRB 2012-39 html

IRB 2012-39 pdf
September 24, 2012
IRB 2012-38 html

IRB 2012-38 pdf
September 17, 2012
IRB 2012-37 html

IRB 2012-37 pdf
September 10, 2012
IRB 2012-36 html

IRB 2012-36 pdf
September 4, 2012
IRB 2012-35 html

IRB 2012-35 pdf
August 27, 2012
IRB 2012-34 html

IRB 2012-34 pdf
August 20, 2012
IRB 2012-33 html

IRB 2012-33 pdf
August 13, 2012
IRB 2012-32 html

IRB 2012-32 pdf
August 6, 2012
IRB 2012-31 html

IRB 2012-31 pdf
July 30, 2012
IRB 2012-30 html

IRB 2012-30 pdf
July 23, 2012
IRB 2012-29 html

IRB 2012-29 pdf
July 16, 2012
IRB 2012-28 html

IRB 2012-28 pdf
July 9, 2012
IRB 2012-27 html

IRB 2012-27 pdf
July 2, 2012
IRB 2012-26 html

IRB 2012-26 pdf
June 25, 2012
IRB 2012-25 html

IRB 2012-25 pdf
June 18, 2012
IRB 2012-24 html

IRB 2012-24 pdf
June 11, 2012
IRB 2012-23 html

IRB 2012-23 pdf
June 4, 2012
IRB 2012-22 html

IRB 2012-22 pdf
May 29, 2012
IRB 2012-21 html

IRB 2012-21 pdf
May 21, 2012
IRB 2012-20 html

IRB 2012-20 pdf
May 14, 2012
IRB 2012-19 html

IRB 2012-19 pdf
May 7, 2012
IRB 2012-18 html

IRB 2012-18 pdf
April 30, 2012
IRB 2012-17 html

IRB 2012-17 pdf
April 23, 2012
IRB 2012-16 html

IRB 2012-16 pdf
April 16, 2012
IRB 2012-15 html

IRB 2012-15 pdf
April 9, 2012
IRB 2012-14 html

IRB 2012-14 pdf
April 2, 2012
IRB 2012-13 html

IRB 2012-13 pdf
March 26, 2012
IRB 2012-12 html

IRB 2012-12 pdf
March 19, 2012
IRB 2012-11 html

IRB 2012-11 pdf
March 12, 2012
IRB 2012-10 html

IRB 2012-10 pdf
March 5, 2012
IRB 2012-9 html

IRB 2012-9 pdf
February 27, 2012
IRB 2012-8 html

IRB 2012-8 pdf
February 21, 2012
IRB 2012-7 html

IRB 2012-7 pdf
February 13, 2012
IRB 2012-6 html

IRB 2012-6 pdf
February 6, 2012
IRB 2012-5 html

IRB 2012-5 pdf
January 30, 2012
IRB 2012-4 html

IRB 2012-4 pdf
January 23, 2012
IRB 2012-3 html

IRB 2012-3 pdf
January 17, 2012
IRB 2012-2 html

IRB 2012-2 pdf
January 9, 2012
IRB 2012-1 html

IRB 2012-1 pdf
January 3, 2012
IRB 2011-52 html

IRB 2011-52 pdf
December 27, 2011
IRB 2011-51 html

IRB 2011-51 pdf
December 19, 2011
IRB 2011-50 html

IRB 2011-50 pdf
December 12, 2011
IRB 2011-49 html

IRB 2011-49 pdf
December 5, 2011
IRB 2011-48 html

IRB 2011-48 pdf
November 28, 2011
IRB 2011-47 html

IRB 2011-47 pdf
November 21, 2011
IRB 2011-46 html

IRB 2011-46 pdf
November 14, 2011
IRB 2011-45 html

IRB 2011-45 pdf
November 7, 2011
IRB 2011-44 html

IRB 2011-44 pdf
October 31, 2011
IRB 2011-43 html

IRB 2011-43 pdf
October 24, 2011
IRB 2011-42 html

IRB 2011-42 pdf
October 17, 2011
IRB 2011-41 html

IRB 2011-41 pdf
October 11, 2011
IRB 2011-40 html

IRB 2011-40 pdf
October 3, 2011
IRB 2011-39 html

IRB 2011-39 pdf
September 26, 2011
IRB 2011-38 html

IRB 2011-38 pdf
September 19, 2011
IRB 2011-37 html

IRB 2011-37 pdf
September 12, 2011
IRB 2011-36 html

IRB 2011-36 pdf
September 6, 2011
IRB 2011-35 html

IRB 2011-35 pdf
August 29, 2011
IRB 2011-34 html

IRB 2011-34 pdf
August 22, 2011
IRB 2011-33 html

IRB 2011-33 pdf
August 15, 2011
IRB 2011-32 html

IRB 2011-32 pdf
August 8, 2011
IRB 2011-31 html

IRB 2011-31 pdf
August 1, 2011
IRB 2011-30 html

IRB 2011-30 pdf
July 25, 2011
IRB 2011-29 html

IRB 2011-29 pdf
July 18, 2011
IRB 2011-28 html

IRB 2011-28 pdf
July 11, 2011
IRB 2011-27 html

IRB 2011-27 pdf
July 5, 2011
IRB 2011-26 html

IRB 2011-26 pdf
June 27, 2011
IRB 2011-25 html

IRB 2011-25 pdf
June 20, 2011
IRB 2011-24 html

IRB 2011-24 pdf
June 13, 2011
IRB 2011-23 html

IRB 2011-23 pdf
June 6, 2011
IRB 2011-22 html

IRB 2011-22 pdf
May 31, 2011
IRB 2011-21 html

IRB 2011-21 pdf
May 23, 2011
IRB 2011-20 html

IRB 2011-20 pdf
May 16, 2011
IRB 2011-19 html

IRB 2011-19 pdf
May 9, 2011
IRB 2011-18 html

IRB 2011-18 pdf
May 2, 2011
IRB 2011-17 html

IRB 2011-17 pdf
April 25, 2011
IRB 2011-16 html

IRB 2011-16 pdf
April 18, 2011
IRB 2011-15 html

IRB 2011-15 pdf
April 11, 2011
IRB 2011-14 html

IRB 2011-14 pdf
April 4, 2011
IRB 2011-13 html

IRB 2011-13 pdf
March 28, 2011
IRB 2011-12 html

IRB 2011-12 pdf
March 21, 2011
IRB 2011-11 html

IRB 2011-11 pdf
March 14, 2011
IRB 2011-10 html

IRB 2011-10 pdf
March 7, 2011
IRB 2011-9 html

IRB 2011-9 pdf
February 28, 2011
IRB 2011-8 html

IRB 2011-8 pdf
February 22, 2011
IRB 2011-7 html

IRB 2011-7 pdf
February 14, 2011
IRB 2011-6 html

IRB 2011-6 pdf
February 7, 2011
IRB 2011-5 html

IRB 2011-5 pdf
January 31, 2011
IRB 2011-4 html

IRB 2011-4 pdf
January 24, 2011
IRB 2011-3 html

IRB 2011-3 pdf
January 17, 2011
IRB 2011-2 html

IRB 2011-2 pdf
January 10, 2011
IRB 2011-1 html

IRB 2011-1 pdf
January 3, 2011
IRB 2010-52 html

IRB 2010-52 pdf
December 27, 2010
IRB 2010-51 html

IRB 2010-51 pdf
December 20, 2010
IRB 2010-50 html

IRB 2010-50 pdf
December 13, 2010
IRB 2010-49 html

IRB 2010-49 pdf
December 6, 2010
IRB 2010-48 html

IRB 2010-48 pdf
November 29, 2010
IRB 2010-47 html

IRB 2010-47 pdf
November 22, 2010
IRB 2010-46 html

IRB 2010-46 pdf
November 15, 2010
IRB 2010-45 html

IRB 2010-45 pdf
November 8, 2010
IRB 2010-44 html

IRB 2010-44 pdf
November 1, 2010
IRB 2010-43 html

IRB 2010-43 pdf
October 25, 2010
IRB 2010-42 html

IRB 2010-42 pdf
October 18, 2010
IRB 2010-41 html

IRB 2010-41 pdf
October 12, 2010
IRB 2010-40 html

IRB 2010-40 pdf
October 4, 2010
IRB 2010-39 html

IRB 2010-39 pdf
September 27, 2010
IRB 2010-38 html

IRB 2010-38 pdf
September 20, 2010
IRB 2010-37 html

IRB 2010-37 pdf
September 13, 2010
IRB 2010-36 html

IRB 2010-36 pdf
September 7, 2010
IRB 2010-35 html

IRB 2010-35 pdf
August 30, 2010
IRB 2010-34 html

IRB 2010-34 pdf
August 23, 2010
IRB 2010-33 html

IRB 2010-33 pdf
August 16, 2010
IRB 2010-32 html

IRB 2010-32 pdf
August 9, 2010
IRB 2010-31 html

IRB 2010-31 pdf
August 2, 2010
IRB 2010-30 html

IRB 2010-30 pdf
July 26, 2010
IRB 2010-29 html

IRB 2010-29 pdf
July 19, 2010
IRB 2010-28 html

IRB 2010-28 pdf
July 12, 2010
IRB 2010-27 html

IRB 2010-27 pdf
July 6, 2010
IRB 2010-26 html

IRB 2010-26 pdf
June 28, 2010
IRB 2010-25 html

IRB 2010-25 pdf
June 21, 2010
IRB 2010-24 html

IRB 2010-24 pdf
June 14, 2010
IRB 2010-23 html

IRB 2010-23 pdf
June 7, 2010
IRB 2010-22 html

IRB 2010-22 pdf
June 1, 2010
IRB 2010-21 html

IRB 2010-21 pdf
May 24, 2010
IRB 2010-20 html

IRB 2010-20 pdf
May 17, 2010
IRB 2010-19 html

IRB 2010-19 pdf
May 10, 2010
IRB 2010-18 html

IRB 2010-18 pdf
May 3, 2010
IRB 2010-17 html

IRB 2010-17 pdf
April 26, 2010
IRB 2010-16 html

IRB 2010-16 pdf
April 19, 2010
IRB 2010-15 html

IRB 2010-15 pdf
April 12, 2010
IRB 2010-14 html

IRB 2010-14 pdf
April 5, 2010
IRB 2010-13 html

IRB 2010-13 pdf
March 29, 2010
IRB 2010-12 html

IRB 2010-12 pdf
March 22, 2010
IRB 2010-11 html

IRB 2010-11 pdf
March 15, 2010
IRB 2010-10 html

IRB 2010-10 pdf
March 8, 2010
IRB 2010-9 html

IRB 2010-9 pdf
March 1, 2010
IRB 2010-8 html

IRB 2010-8 pdf
February 22, 2010
IRB 2010-7 html

IRB 2010-7 pdf
February 16, 2010
IRB 2010-6 html

IRB 2010-6 pdf
February 8, 2010
IRB 2010-5 html

IRB 2010-5 pdf
February 1, 2010
IRB 2010-4 html

IRB 2010-4 pdf
January 25, 2010
IRB 2010-3 html

IRB 2010-3 pdf
January 19, 2010
IRB 2010-2 html

IRB 2010-2 pdf
January 11, 2010
IRB 2010-1 html

IRB 2010-1 pdf
January 4, 2010
IRB 2009-52 html

IRB 2009-52 pdf
December 28, 2009
IRB 2009-51 html

IRB 2009-51 pdf
December 21, 2009
IRB 2009-50 html

IRB 2009-50 pdf
December 14, 2009
IRB 2009-49 html

IRB 2009-49 pdf
December 7, 2009
IRB 2009-48 html

IRB 2009-48 pdf
November 30, 2009
IRB 2009-47 html

IRB 2009-47 pdf
November 23, 2009
IRB 2009-46 html

IRB 2009-46 pdf
November 16, 2009
IRB 2009-45 html

IRB 2009-45 pdf
November 9, 2009
IRB 2009-44 html

IRB 2009-44 pdf
November 2, 2009
IRB 2009-43 html

IRB 2009-43 pdf
October 26, 2009
IRB 2009-42 html

IRB 2009-42 pdf
October 19, 2009
IRB 2009-41 html

IRB 2009-41 pdf
October 13, 2009
IRB 2009-40 html

IRB 2009-40 pdf
October 5, 2009
IRB 2009-39 html

IRB 2009-39 pdf
September 28, 2009
IRB 2009-38 html

IRB 2009-38 pdf
September 21, 2009
IRB 2009-37 html

IRB 2009-37 pdf
September 14, 2009
IRB 2009-36 html

IRB 2009-36 pdf
September 8, 2009
IRB 2009-35 html

IRB 2009-35 pdf
August 31, 2009
IRB 2009-34 html

IRB 2009-34 pdf
August 24, 2009
IRB 2009-33 html

IRB 2009-33 pdf
August 17, 2009
IRB 2009-32 html

IRB 2009-32 pdf
August 10, 2009
IRB 2009-31 html

IRB 2009-31 pdf
August 3, 2009
IRB 2009-30 html

IRB 2009-30 pdf
July 27, 2009
IRB 2009-29 html

IRB 2009-29 pdf
July 20, 2009
IRB 2009-28 html

IRB 2009-28 pdf
July 13, 2009
IRB 2009-27 html

IRB 2009-27 pdf
July 6, 2009
IRB 2009-26 html

IRB 2009-26 pdf
June 29, 2009
IRB 2009-25 html

IRB 2009-25 pdf
June 22, 2009
IRB 2009-24 html

IRB 2009-24 pdf
June 15, 2009
IRB 2009-23 html

IRB 2009-23 pdf
June 8, 2009
IRB 2009-22 html

IRB 2009-22 pdf
June 1, 2009
IRB 2009-21 html

IRB 2009-21 pdf
May 26, 2009
IRB 2009-20 html

IRB 2009-20 pdf
May 18, 2009
IRB 2009-19 html

IRB 2009-19 pdf
May 11, 2009
IRB 2009-18 html

IRB 2009-18 pdf
May 4, 2009
IRB 2009-17 html

IRB 2009-17 pdf
April 27, 2009
IRB 2009-16 html

IRB 2009-16 pdf
April 20, 2009
IRB 2009-15 html

IRB 2009-15 pdf
April 13, 2009
IRB 2009-14 html

IRB 2009-14 pdf
April 6, 2009
IRB 2009-13 html

IRB 2009-13 pdf
March 30, 2009
IRB 2009-12 html

IRB 2009-12 pdf
March 23, 2009
IRB 2009-11 html

IRB 2009-11 pdf
March 16, 2009
IRB 2009-10 html

IRB 2009-10 pdf
March 9, 2009
IRB 2009-9 html

IRB 2009-9 pdf
March 2, 2009
IRB 2009-8 html

IRB 2009-8 pdf
February 23, 2009
IRB 2009-7 html

IRB 2009-7 pdf
February 17, 2009
IRB 2009-6 html

IRB 2009-6 pdf
February 9, 2009
IRB 2009-5 html

IRB 2009-5 pdf
February 2, 2009
IRB 2009-4 html

IRB 2009-4 pdf
January 26, 2009
IRB 2009-3 html

IRB 2009-3 pdf
January 21, 2009
IRB 2009-2 html

IRB 2009-2 pdf
January 12, 2009
IRB 2009-1 html

IRB 2009-1 pdf
January 5, 2009
IRB 2008-52 html

IRB 2008-52 pdf
December 29, 2008
IRB 2008-51 html

IRB 2008-51 pdf
December 22, 2008
IRB 2008-50 html

IRB 2008-50 pdf
December 15, 2008
IRB 2008-49 html

IRB 2008-49 pdf
December 8, 2008
IRB 2008-48 html

IRB 2008-48 pdf
December 1, 2008
IRB 2008-47 html

IRB 2008-47 pdf
November 24, 2008
IRB 2008-46 html

IRB 2008-46 pdf
November 17, 2008
IRB 2008-45 html

IRB 2008-45 pdf
November 10, 2008
IRB 2008-44 html

IRB 2008-44 pdf
November 3, 2008
IRB 2008-43 html

IRB 2008-43 pdf
October 27, 2008
IRB 2008-42 html

IRB 2008-42 pdf
October 20, 2008
IRB 2008-41 html

IRB 2008-41 pdf
October 14, 2008
IRB 2008-40 html

IRB 2008-40 pdf
October 6, 2008
IRB 2008-39 html

IRB 2008-39 pdf
September 29, 2008
IRB 2008-38 html

IRB 2008-38 pdf
September 22, 2008
IRB 2008-37 html

IRB 2008-37 pdf
September 15, 2008
IRB 2008-36 html

IRB 2008-36 pdf
September 8, 2008
IRB 2008-35 html

IRB 2008-35 pdf
September 2, 2008
IRB 2008-34 html

IRB 2008-34 pdf
August 25, 2008
IRB 2008-33 html

IRB 2008-33 pdf
August 18, 2008
IRB 2008-32 html

IRB 2008-32 pdf
August 11, 2008
IRB 2008-31 html

IRB 2008-31 pdf
August 4, 2008
IRB 2008-30 html

IRB 2008-30 pdf
July 28, 2008
IRB 2008-29 html

IRB 2008-29 pdf
July 21, 2008
IRB 2008-28 html

IRB 2008-28 pdf
July 14, 2008
IRB 2008-27 html

IRB 2008-27 pdf
July 7, 2008
IRB 2008-26 html

IRB 2008-26 pdf
June 30, 2008
IRB 2008-25 html

IRB 2008-25 pdf
June 23, 2008
IRB 2008-24 html

IRB 2008-24 pdf
June 16, 2008
IRB 2008-23 html

IRB 2008-23 pdf
June 9, 2008
IRB 2008-22 html

IRB 2008-22 pdf
June 2, 2008
IRB 2008-21 html

IRB 2008-21 pdf
May 27, 2008
IRB 2008-20 html

IRB 2008-20 pdf
May 19, 2008
IRB 2008-19 html

IRB 2008-19 pdf
May 12, 2008
IRB 2008-18 html

IRB 2008-18 pdf
May 5, 2008
IRB 2008-17 html

IRB 2008-17 pdf
April 28, 2008
IRB 2008-16 html

IRB 2008-16 pdf
April 21, 2008
IRB 2008-15 html

IRB 2008-15 pdf
April 14, 2008
IRB 2008-14 html

IRB 2008-14 pdf
April 7, 2008
IRB 2008-13 html

IRB 2008-13 pdf
March 31, 2008
IRB 2008-12 html

IRB 2008-12 pdf
March 24, 2008
IRB 2008-11 html

IRB 2008-11 pdf
March 17, 2008
IRB 2008-10 html

IRB 2008-10 pdf
March 10, 2008
IRB 2008-9 html

IRB 2008-9 pdf
March 3, 2008
IRB 2008-8 html

IRB 2008-8 pdf
February 25, 2008
IRB 2008-7 html

IRB 2008-7 pdf
February 19, 2008
IRB 2008-6 html

IRB 2008-6 pdf
February 11, 2008
IRB 2008-5 html

IRB 2008-5 pdf
February 4, 2008
IRB 2008-4 html

IRB 2008-4 pdf
January 28, 2008
IRB 2008-3 html

IRB 2008-3 pdf
January 22, 2008
IRB 2008-2 html

IRB 2008-2 pdf
January 14, 2008
IRB 2008-1 html

IRB 2008-1 pdf
January 7, 2008
IRB 2007-52 html

IRB 2007-52 pdf
December 26, 2007
IRB 2007-51 html

IRB 2007-51 pdf
December 17, 2007
IRB 2007-50 html

IRB 2007-50 pdf
December 10, 2007
IRB 2007-49 html

IRB 2007-49 pdf
December 3, 2007
IRB 2007-48 html

IRB 2007-48 pdf
November 26, 2007
IRB 2007-47 html

IRB 2007-47 pdf
November 19, 2007
IRB 2007-46 html

IRB 2007-46 pdf
November 13, 2007
IRB 2007-45 html

IRB 2007-45 pdf
November 5, 2007
IRB 2007-44 html

IRB 2007-44 pdf
October 29, 2007
IRB 2007-43 html

IRB 2007-43 pdf
October 22, 2007
IRB 2007-42 html

IRB 2007-42 pdf
October 15, 2007
IRB 2007-41 html

IRB 2007-41 pdf
October 9, 2007
IRB 2007-40 html

IRB 2007-40 pdf
October 1, 2007
IRB 2007-39 html

IRB 2007-39 pdf
September 24, 2007
IRB 2007-38 html

IRB 2007-38 pdf
September 17, 2007
IRB 2007-37 html

IRB 2007-37 pdf
September 10, 2007
IRB 2007-36 html

IRB 2007-36 pdf
September 4, 2007
IRB 2007-35 html

IRB 2007-35 pdf
August 27, 2007
IRB 2007-34 html

IRB 2007-34 pdf
August 20, 2007
IRB 2007-33 html

IRB 2007-33 pdf
August 13, 2007
IRB 2007-32 html

IRB 2007-32 pdf
August 6, 2007
IRB 2007-31 html

IRB 2007-31 pdf
July 30, 2007
IRB 2007-30 html

IRB 2007-30 pdf
July 23, 2007
IRB 2007-29 html

IRB 2007-29 pdf
July 16, 2007
IRB 2007-28 html

IRB 2007-28 pdf
July 9, 2007
IRB 2007-27 html

IRB 2007-27 pdf
July 2, 2007
IRB 2007-26 html

IRB 2007-26 pdf
June 25, 2007
IRB 2007-25 html

IRB 2007-25 pdf
June 18, 2007
IRB 2007-24 html

IRB 2007-24 pdf
June 11, 2007
IRB 2007-23 html

IRB 2007-23 pdf
June 4, 2007
IRB 2007-22 html

IRB 2007-22 pdf
May 29, 2007
IRB 2007-21 html

IRB 2007-21 pdf
May 21, 2007
IRB 2007-20 html

IRB 2007-20 pdf
May 14, 2007
IRB 2007-19 html

IRB 2007-19 pdf
May 7, 2007
IRB 2007-18 html

IRB 2007-18 pdf
April 30, 2007
IRB 2007-17 html

IRB 2007-17 pdf
April 23, 2007
IRB 2007-16 html

IRB 2007-16 pdf
April 16, 2007
IRB 2007-15 html

IRB 2007-15 pdf
April 9, 2007
IRB 2007-14 html

IRB 2007-14 pdf
April 2, 2007
IRB 2007-13 html

IRB 2007-13 pdf
March 26, 2007
IRB 2007-12 html

IRB 2007-12 pdf
March 19, 2007
IRB 2007-11 html

IRB 2007-11 pdf
March 12, 2007
IRB 2007-10 html

IRB 2007-10 pdf
March 5, 2007
IRB 2007-9 html

IRB 2007-9 pdf
February 26, 2007
IRB 2007-8 html

IRB 2007-8 pdf
February 20, 2007
IRB 2007-7 html

IRB 2007-7 pdf
February 12, 2007
IRB 2007-6 html

IRB 2007-6 pdf
February 5, 2007
IRB 2007-5 html

IRB 2007-5 pdf
January 29, 2007
IRB 2007-4 html

IRB 2007-4 pdf
January 22, 2007
IRB 2007-3 html

IRB 2007-3 pdf
January 16, 2007
IRB 2007-2 html

IRB 2007-2 pdf
January 8, 2007
IRB 2007-1 html

IRB 2007-1 pdf
January 2, 2007
IRB 2006-52 html

IRB 2006-52 pdf
December 26, 2006
IRB 2006-51 html

IRB 2006-51 pdf
December 18, 2006
IRB 2006-50 html

IRB 2006-50 pdf
December 11, 2006
IRB 2006-49 html

IRB 2006-49 pdf
December 4, 2006
IRB 2006-48 html

IRB 2006-48 pdf
November 27, 2006
IRB 2006-47 html

IRB 2006-47 pdf
November 20, 2006
IRB 2006-46 html

IRB 2006-46 pdf
November 13, 2006
IRB 2006-45 html

IRB 2006-45 pdf
November 6, 2006
IRB 2006-44 html

IRB 2006-44 pdf
October 30, 2006
IRB 2006-43 html

IRB 2006-43 pdf
October 23, 2006
IRB 2006-42 html

IRB 2006-42 pdf
October 16, 2006
IRB 2006-41 html

IRB 2006-41 pdf
October 10, 2006
IRB 2006-40 html

IRB 2006-40 pdf
October 2, 2006
IRB 2006-39 html

IRB 2006-39 pdf
September 25, 2006
IRB 2006-38 html

IRB 2006-38 pdf
September 18, 2006
IRB 2006-37 html

IRB 2006-37 pdf
September 11, 2006
IRB 2006-36 html

IRB 2006-36 pdf
September 5, 2006
IRB 2006-35 html

IRB 2006-35 pdf
August 28, 2006
IRB 2006-34 html

IRB 2006-34 pdf
August 21, 2006
IRB 2006-33 html

IRB 2006-33 pdf
August 14, 2006
IRB 2006-32 html

IRB 2006-32 pdf
August 7, 2006
IRB 2006-31 html

IRB 2006-31 pdf
July 31, 2006
IRB 2006-30 html

IRB 2006-30 pdf
July 24, 2006
IRB 2006-29 html

IRB 2006-29 pdf
July 17, 2006
IRB 2006-28 html

IRB 2006-28 pdf
July 10, 2006
IRB 2006-27 html

IRB 2006-27 pdf
July 3, 2006
IRB 2006-26 html

IRB 2006-26 pdf
June 26, 2006
IRB 2006-25 html

IRB 2006-25 pdf
June 19, 2006
IRB 2006-24 html

IRB 2006-24 pdf
June 12, 2006
IRB 2006-23 html

IRB 2006-23 pdf
June 5, 2006
IRB 2006-22 html

IRB 2006-22 pdf
May 30, 2006
IRB 2006-21 html

IRB 2006-21 pdf
May 22, 2006
IRB 2006-20 html

IRB 2006-20 pdf
May 15, 2006
IRB 2006-19 html

IRB 2006-19 pdf
May 8, 2006
IRB 2006-18 html

IRB 2006-18 pdf
May 1, 2006
IRB 2006-17 html

IRB 2006-17 pdf
April 24, 2006
IRB 2006-16 html

IRB 2006-16 pdf
April 17, 2006
IRB 2006-15 html

IRB 2006-15 pdf
April 10, 2006
IRB 2006-14 html

IRB 2006-14 pdf
April 3, 2006
IRB 2006-13 html

IRB 2006-13 pdf
March 27, 2006
IRB 2006-12 html

IRB 2006-12 pdf
March 20, 2006
IRB 2006-11 html

IRB 2006-11 pdf
March 13, 2006
IRB 2006-10 html

IRB 2006-10 pdf
March 6, 2006
IRB 2006-9 html

IRB 2006-9 pdf
February 27, 2006
IRB 2006-8 html

IRB 2006-8 pdf
February 21, 2006
IRB 2006-7 html

IRB 2006-7 pdf
February 13, 2006
IRB 2006-6 html

IRB 2006-6 pdf
February 6, 2006
IRB 2006-5 html

IRB 2006-5 pdf
January 30, 2006
IRB 2006-4 html

IRB 2006-4 pdf
January 23, 2006
IRB 2006-3 html

IRB 2006-3 pdf
January 17, 2006
IRB 2006-2 html

IRB 2006-2 pdf
January 9, 2006
IRB 2006-1 html

IRB 2006-1 pdf
January 3, 2006
IRB 2005-52 html

IRB 2005-52 pdf
December 27, 2005
IRB 2005-51 html

IRB 2005-51 pdf
December 19, 2005
IRB 2005-50 html

IRB 2005-50 pdf
December 12, 2005
IRB 2005-49 html

IRB 2005-49 pdf
December 5, 2005
IRB 2005-48 html

IRB 2005-48 pdf
November 28, 2005
IRB 2005-47 html

IRB 2005-47 pdf
November 21, 2005
IRB 2005-46 html

IRB 2005-46 pdf
November 14, 2005
IRB 2005-45 html

IRB 2005-45 pdf
November 7, 2005
IRB 2005-44 html

IRB 2005-44 pdf
October 31, 2005
IRB 2005-43 html

IRB 2005-43 pdf
October 24, 2005
IRB 2005-42 html

IRB 2005-42 pdf
October 17, 2005
IRB 2005-41 html

IRB 2005-41 pdf
October 11, 2005
IRB 2005-40 html

IRB 2005-40 pdf
October 3, 2005
IRB 2005-39 html

IRB 2005-39 pdf
September 26, 2005
IRB 2005-38 html

IRB 2005-38 pdf
September 19, 2005
IRB 2005-37 html

IRB 2005-37 pdf
September 12, 2005
IRB 2005-36 html

IRB 2005-36 pdf
September 6, 2005
IRB 2005-35 html

IRB 2005-35 pdf
August 29, 2005
IRB 2005-34 html

IRB 2005-34 pdf
August 22, 2005
IRB 2005-33 html

IRB 2005-33 pdf
August 15, 2005
IRB 2005-32 html

IRB 2005-32 pdf
August 8, 2005
IRB 2005-31 html

IRB 2005-31 pdf
August 1, 2005
IRB 2005-30 html

IRB 2005-30 pdf
July 25, 2005
IRB 2005-29 html

IRB 2005-29 pdf
July 18, 2005
IRB 2005-28 html

IRB 2005-28 pdf
July 11, 2005
IRB 2005-27 html

IRB 2005-27 pdf
July 5, 2005
IRB 2005-26 html

IRB 2005-26 pdf
June 27, 2005
IRB 2005-25 html

IRB 2005-25 pdf
June 20, 2005
IRB 2005-24 html

IRB 2005-24 pdf
June 13, 2005
IRB 2005-23 html

IRB 2005-23 pdf
June 6, 2005
IRB 2005-22 html

IRB 2005-22 pdf
May 31, 2005
IRB 2005-21 html

IRB 2005-21 pdf
May 23, 2005
IRB 2005-20 html

IRB 2005-20 pdf
May 16, 2005
IRB 2005-19 html

IRB 2005-19 pdf
May 9, 2005
IRB 2005-18 html

IRB 2005-18 pdf
May 2, 2005
IRB 2005-17 html

IRB 2005-17 pdf
April 25, 2005
IRB 2005-16 html

IRB 2005-16 pdf
April 18, 2005
IRB 2005-15 html

IRB 2005-15 pdf
April 11, 2005
IRB 2005-14 html

IRB 2005-14 pdf
April 4, 2005
IRB 2005-13 html

IRB 2005-13 pdf
March 28, 2005
IRB 2005-12 html

IRB 2005-12 pdf
March 21, 2005
IRB 2005-11 html

IRB 2005-11 pdf
March 14, 2005
IRB 2005-10 html

IRB 2005-10 pdf
March 7, 2005
IRB 2005-9 html

IRB 2005-9 pdf
February 28, 2005
IRB 2005-8 html

IRB 2005-8 pdf
February 22, 2005
IRB 2005-7 html

IRB 2005-7 pdf
February 14, 2005
IRB 2005-6 html

IRB 2005-6 pdf
February 7, 2005
IRB 2005-5 html

IRB 2005-5 pdf
January 31, 2005
IRB 2005-4 html

IRB 2005-4 pdf
January 24, 2005
IRB 2005-3 html

IRB 2005-3 pdf
January 18, 2005
IRB 2005-2 html

IRB 2005-2 pdf
January 10, 2005
IRB 2005-1 html

IRB 2005-1 pdf
January 3, 2005
IRB 2004-52 html

IRB 2004-52 pdf
December 27, 2004
IRB 2004-51 html

IRB 2004-51 pdf
December 20, 2004
IRB 2004-50 html

IRB 2004-50 pdf
December 13, 2004
IRB 2004-49 html

IRB 2004-49 pdf
December 6, 2004
IRB 2004-48 html

IRB 2004-48 pdf
November 29, 2004
IRB 2004-47 html

IRB 2004-47 pdf
November 22, 2004
IRB 2004-46 html

IRB 2004-46 pdf
November 15, 2004
IRB 2004-45 html

IRB 2004-45 pdf
November 8, 2004
IRB 2004-44 html

IRB 2004-44 pdf
November 1, 2004
IRB 2004-43 html

IRB 2004-43 pdf
October 25, 2004
IRB 2004-42 html

IRB 2004-42 pdf
October 18, 2004
IRB 2004-41 html

IRB 2004-41 pdf
October 12, 2004
IRB 2004-40 html

IRB 2004-40 pdf
October 4, 2004
IRB 2004-39 html

IRB 2004-39 pdf
September 27, 2004
IRB 2004-38 html

IRB 2004-38 pdf
September 20, 2004
IRB 2004-37 html

IRB 2004-37 pdf
September 13, 2004
IRB 2004-36 html

IRB 2004-36 pdf
September 7, 2004
IRB 2004-35 html

IRB 2004-35 pdf
August 30, 2004
IRB 2004-34 html

IRB 2004-34 pdf
August 23, 2004
IRB 2004-33 html

IRB 2004-33 pdf
August 16, 2004
IRB 2004-32 html

IRB 2004-32 pdf
August 9, 2004
IRB 2004-31 html

IRB 2004-31 pdf
August 2, 2004
IRB 2004-30 html

IRB 2004-30 pdf
July 26, 2004
IRB 2004-29 html

IRB 2004-29 pdf
July 19, 2004
IRB 2004-28 html

IRB 2004-28 pdf
July 12, 2004
IRB 2004-27 html

IRB 2004-27 pdf
July 6, 2004
IRB 2004-26 html

IRB 2004-26 pdf
June 28, 2004
IRB 2004-25 html

IRB 2004-25 pdf
June 21, 2004
IRB 2004-24 html

IRB 2004-24 pdf
June 14, 2004
IRB 2004-23 html

IRB 2004-23 pdf
June 7, 2004
IRB 2004-22 html

IRB 2004-22 pdf
June 1, 2004
IRB 2004-21 html

IRB 2004-21 pdf
May 24, 2004
IRB 2004-20 html

IRB 2004-20 pdf
May 17, 2004
IRB 2004-19 html

IRB 2004-19 pdf
May 10, 2004
IRB 2004-18 html

IRB 2004-18 pdf
May 3, 2004
IRB 2004-17 html

IRB 2004-17 pdf
April 26, 2004
IRB 2004-16 html

IRB 2004-16 pdf
April 19, 2004
IRB 2004-15 html

IRB 2004-15 pdf
April 12, 2004
IRB 2004-14 html

IRB 2004-14 pdf
April 5, 2004
IRB 2004-13 html

IRB 2004-13 pdf
March 29, 2004
IRB 2004-12 html

IRB 2004-12 pdf
March 22, 2004
IRB 2004-11 html

IRB 2004-11 pdf
March 15, 2004
IRB 2004-10 html

IRB 2004-10 pdf
March 8, 2004
IRB 2004-9 html

IRB 2004-9 pdf
March 1, 2004
IRB 2004-8 html

IRB 2004-8 pdf
February 23, 2004
IRB 2004-7 html

IRB 2004-7 pdf
February 17, 2004
IRB 2004-6 html

IRB 2004-6 pdf
February 9, 2004
IRB 2004-5 html

IRB 2004-5 pdf
February 2, 2004
IRB 2004-4 html

IRB 2004-4 pdf
January 26, 2004
IRB 2004-3 html

IRB 2004-3 pdf
January 20, 2004
IRB 2004-2 html

IRB 2004-2 pdf
January 12, 2004
IRB 2004-1 html

IRB 2004-1 pdf
January 5, 2004
IRB 2003-52 html

IRB 2003-52 pdf
December 29, 2003
IRB 2003-51 html

IRB 2003-51 pdf
December 22, 2003
IRB 2003-50 html

IRB 2003-50 pdf
December 15, 2003
IRB 2003-49 html

IRB 2003-49 pdf
December 8, 2003
IRB 2003-48 html

IRB 2003-48 pdf
December 1, 2003
IRB 2003-47 html

IRB 2003-47 pdf
November 24, 2003
IRB 2003-46 html

IRB 2003-46 pdf
November 17, 2003
IRB 2003-45 html

IRB 2003-45 pdf
November 10, 2003
IRB 2003-44 html

IRB 2003-44 pdf
November 3, 2003
IRB 2003-43 html

IRB 2003-43 pdf
October 27, 2003
IRB 2003-42 html

IRB 2003-42 pdf
October 20, 2003
IRB 2003-41 html

IRB 2003-41 pdf
October 14, 2003
IRB 2003-40 html

IRB 2003-40 pdf
October 6, 2003
IRB 2003-39 html

IRB 2003-39 pdf
September 29, 2003
IRB 2003-38 html

IRB 2003-38 pdf
September 22, 2003
IRB 2003-37 html

IRB 2003-37 pdf
September 15, 2003
IRB 2003-36 html

IRB 2003-36 pdf
September 8, 2003
IRB 2003-35 html

IRB 2003-35 pdf
September 2, 2003
IRB 2003-34 html

IRB 2003-34 pdf
August 25, 2003
IRB 2003-33 html

IRB 2003-33 pdf
August 18, 2003
IRB 2003-32 html

IRB 2003-32 pdf
August 11, 2003
IRB 2003-31 html

IRB 2003-31 pdf
August 4, 2003
IRB 2003-30 html

IRB 2003-30 pdf
July 28, 2003
IRB 2003-29 html

IRB 2003-29 pdf
July 21, 2003
IRB 2003-28 html

IRB 2003-28 pdf
July 14, 2003
IRB 2003-27 html

IRB 2003-27 pdf
July 7, 2003

The State Tax Free

State tax free 1. State tax free   Traditional IRAs Table of Contents What's New for 2013 What's New for 2014 Introduction Who Can Open a Traditional IRA?What Is Compensation? When Can a Traditional IRA Be Opened? How Can a Traditional IRA Be Opened?Individual Retirement Account Individual Retirement Annuity Individual Retirement Bonds Simplified Employee Pension (SEP) Employer and Employee Association Trust Accounts Required Disclosures How Much Can Be Contributed?Limit. State tax free When repayment contributions can be made. State tax free No deduction. State tax free Reserve component. State tax free Figuring your IRA deduction. State tax free Reporting the repayment. State tax free Example. State tax free General Limit Kay Bailey Hutchison Spousal IRA Limit Filing Status Less Than Maximum Contributions More Than Maximum Contributions When Can Contributions Be Made? How Much Can You Deduct?Kay Bailey Hutchison Spousal IRA. State tax free Are You Covered by an Employer Plan? Limit if Covered by Employer Plan Reporting Deductible Contributions Nondeductible Contributions Examples — Worksheet for Reduced IRA Deduction for 2013 What if You Inherit an IRA?Treating it as your own. State tax free Can You Move Retirement Plan Assets?Transfers to Roth IRAs from other retirement plans. State tax free Trustee-to-Trustee Transfer Rollovers Transfers Incident To Divorce Converting From Any Traditional IRA Into a Roth IRA Recharacterizations When Can You Withdraw or Use Assets?Contributions Returned Before Due Date of Return When Must You Withdraw Assets? (Required Minimum Distributions)IRA Owners IRA Beneficiaries Which Table Do You Use To Determine Your Required Minimum Distribution? What Age(s) Do You Use With the Table(s)? Miscellaneous Rules for Required Minimum Distributions Are Distributions Taxable?January 2013 QCDs treated as made in 2012. State tax free 2013 Reporting. State tax free Additional reporting requirements if you made the election to treat a January 2013 QCD as made in 2012. State tax free One-time transfer. State tax free Testing period rules apply. State tax free More information. State tax free Distributions Fully or Partly Taxable Figuring the Nontaxable and Taxable Amounts Recognizing Losses on Traditional IRA Investments Other Special IRA Distribution Situations Reporting and Withholding Requirements for Taxable Amounts What Acts Result in Penalties or Additional Taxes?Prohibited Transactions Investment in Collectibles Excess Contributions Early Distributions Excess Accumulations (Insufficient Distributions) Reporting Additional Taxes What's New for 2013 Traditional IRA contribution and deduction limit. State tax free  The contribution limit to your traditional IRA for 2013 will be increased to the smaller of the following amounts: $5,500, or Your taxable compensation for the year. State tax free If you were age 50 or older before 2014, the most that can be contributed to your traditional IRA for 2013 will be the smaller of the following amounts: $6,500, or Your taxable compensation for the year. State tax free For more information, see How Much Can Be Contributed? in this chapter. State tax free Modified AGI limit for traditional IRA contributions increased. State tax free  For 2013, if you were covered by a retirement plan at work, your deduction for contributions to a traditional IRA is reduced (phased out) if your modified AGI is: More than $95,000 but less than $115,000 for a married couple filing a joint return or a qualifying widow(er), More than $59,000 but less than $69,000 for a single individual or head of household, or Less than $10,000 for a married individual filing a separate return. State tax free If you either lived with your spouse or file a joint return, and your spouse was covered by a retirement plan at work, but you were not, your deduction is phased out if your modified AGI is more than $178,000 but less than $188,000. State tax free If your modified AGI is $188,000 or more, you cannot take a deduction for contributions to a traditional IRA. State tax free See How Much Can You Deduct? in this chapter. State tax free Net Investment Income Tax. State tax free  For purposes of the Net Investment Income Tax (NIIT), net investment income does not include distributions from a qualified retirement plan (for example, 401(a), 403(a), 403(b), 457(b) plans, and IRAs). State tax free However, these distributions are taken into account when determining the modified adjusted gross income threshold. State tax free Distributions from a nonqualified retirement plan are included in net investment income. State tax free See Form 8960, Net Investment Income Tax—Individuals, Estates, and Trusts, and its instructions for more information. State tax free What's New for 2014 Modified AGI limit for traditional IRA contributions increased. State tax free  For 2014, if you are covered by a retirement plan at work, your deduction for contributions to a traditional IRA is reduced (phased out) if your modified AGI is: More than $96,000 but less than $116,000 for a married couple filing a joint return or a qualifying widow(er), More than $60,000 but less than $70,000 for a single individual or head of household, or Less than $10,000 for a married individual filing a separate return. State tax free If you either live with your spouse or file a joint return, and your spouse is covered by a retirement plan at work, but you are not, your deduction is phased out if your modified AGI is more than $181,000 but less than $191,000. State tax free If your modified AGI is $191,000 or more, you cannot take a deduction for contributions to a traditional IRA. State tax free Introduction This chapter discusses the original IRA. State tax free In this publication the original IRA (sometimes called an ordinary or regular IRA) is referred to as a “traditional IRA. State tax free ” A traditional IRA is any IRA that is not a Roth IRA or a SIMPLE IRA. State tax free The following are two advantages of a traditional IRA: You may be able to deduct some or all of your contributions to it, depending on your circumstances. State tax free Generally, amounts in your IRA, including earnings and gains, are not taxed until they are distributed. State tax free Who Can Open a Traditional IRA? You can open and make contributions to a traditional IRA if: You (or, if you file a joint return, your spouse) received taxable compensation during the year, and You were not age 70½ by the end of the year. State tax free You can have a traditional IRA whether or not you are covered by any other retirement plan. State tax free However, you may not be able to deduct all of your contributions if you or your spouse is covered by an employer retirement plan. State tax free See How Much Can You Deduct , later. State tax free Both spouses have compensation. State tax free   If both you and your spouse have compensation and are under age 70½, each of you can open an IRA. State tax free You cannot both participate in the same IRA. State tax free If you file a joint return, only one of you needs to have compensation. State tax free What Is Compensation? Generally, compensation is what you earn from working. State tax free For a summary of what compensation does and does not include, see Table 1-1. State tax free Compensation includes all of the items discussed next (even if you have more than one type). State tax free Wages, salaries, etc. State tax free   Wages, salaries, tips, professional fees, bonuses, and other amounts you receive for providing personal services are compensation. State tax free The IRS treats as compensation any amount properly shown in box 1 (Wages, tips, other compensation) of Form W-2, Wage and Tax Statement, provided that amount is reduced by any amount properly shown in box 11 (Nonqualified plans). State tax free Scholarship and fellowship payments are compensation for IRA purposes only if shown in box 1 of Form W-2. State tax free Commissions. State tax free   An amount you receive that is a percentage of profits or sales price is compensation. State tax free Self-employment income. State tax free   If you are self-employed (a sole proprietor or a partner), compensation is the net earnings from your trade or business (provided your personal services are a material income-producing factor) reduced by the total of: The deduction for contributions made on your behalf to retirement plans, and The deduction allowed for the deductible part of your self-employment taxes. State tax free   Compensation includes earnings from self-employment even if they are not subject to self-employment tax because of your religious beliefs. State tax free Self-employment loss. State tax free   If you have a net loss from self-employment, do not subtract the loss from your salaries or wages when figuring your total compensation. State tax free Alimony and separate maintenance. State tax free   For IRA purposes, compensation includes any taxable alimony and separate maintenance payments you receive under a decree of divorce or separate maintenance. State tax free Nontaxable combat pay. State tax free   If you were a member of the U. State tax free S. State tax free Armed Forces, compensation includes any nontaxable combat pay you received. State tax free This amount should be reported in box 12 of your 2013 Form W-2 with code Q. State tax free Table 1-1. State tax free Compensation for Purposes of an IRA Includes . State tax free . State tax free . State tax free Does not include . State tax free . State tax free . State tax free   earnings and profits from property. State tax free wages, salaries, etc. State tax free     interest and dividend income. State tax free commissions. State tax free     pension or annuity income. State tax free self-employment income. State tax free     deferred compensation. State tax free alimony and separate maintenance. State tax free     income from certain  partnerships. State tax free nontaxable combat pay. State tax free     any amounts you exclude from income. State tax free     What Is Not Compensation? Compensation does not include any of the following items. State tax free Earnings and profits from property, such as rental income, interest income, and dividend income. State tax free Pension or annuity income. State tax free Deferred compensation received (compensation payments postponed from a past year). State tax free Income from a partnership for which you do not provide services that are a material income-producing factor. State tax free Conservation Reserve Program (CRP) payments reported on Schedule SE (Form 1040), line 1b. State tax free Any amounts (other than combat pay) you exclude from income, such as foreign earned income and housing costs. State tax free When Can a Traditional IRA Be Opened? You can open a traditional IRA at any time. State tax free However, the time for making contributions for any year is limited. State tax free See When Can Contributions Be Made , later. State tax free How Can a Traditional IRA Be Opened? You can open different kinds of IRAs with a variety of organizations. State tax free You can open an IRA at a bank or other financial institution or with a mutual fund or life insurance company. State tax free You can also open an IRA through your stockbroker. State tax free Any IRA must meet Internal Revenue Code requirements. State tax free The requirements for the various arrangements are discussed below. State tax free Kinds of traditional IRAs. State tax free   Your traditional IRA can be an individual retirement account or annuity. State tax free It can be part of either a simplified employee pension (SEP) or an employer or employee association trust account. State tax free Individual Retirement Account An individual retirement account is a trust or custodial account set up in the United States for the exclusive benefit of you or your beneficiaries. State tax free The account is created by a written document. State tax free The document must show that the account meets all of the following requirements. State tax free The trustee or custodian must be a bank, a federally insured credit union, a savings and loan association, or an entity approved by the IRS to act as trustee or custodian. State tax free The trustee or custodian generally cannot accept contributions of more than the deductible amount for the year. State tax free However, rollover contributions and employer contributions to a simplified employee pension (SEP) can be more than this amount. State tax free Contributions, except for rollover contributions, must be in cash. State tax free See Rollovers , later. State tax free You must have a nonforfeitable right to the amount at all times. State tax free Money in your account cannot be used to buy a life insurance policy. State tax free Assets in your account cannot be combined with other property, except in a common trust fund or common investment fund. State tax free You must start receiving distributions by April 1 of the year following the year in which you reach age 70½. State tax free See When Must You Withdraw Assets? (Required Minimum Distributions) , later. State tax free Individual Retirement Annuity You can open an individual retirement annuity by purchasing an annuity contract or an endowment contract from a life insurance company. State tax free An individual retirement annuity must be issued in your name as the owner, and either you or your beneficiaries who survive you are the only ones who can receive the benefits or payments. State tax free An individual retirement annuity must meet all the following requirements. State tax free Your entire interest in the contract must be nonforfeitable. State tax free The contract must provide that you cannot transfer any portion of it to any person other than the issuer. State tax free There must be flexible premiums so that if your compensation changes, your payment can also change. State tax free This provision applies to contracts issued after November 6, 1978. State tax free The contract must provide that contributions cannot be more than the deductible amount for an IRA for the year, and that you must use any refunded premiums to pay for future premiums or to buy more benefits before the end of the calendar year after the year in which you receive the refund. State tax free Distributions must begin by April 1 of the year following the year in which you reach age 70½. State tax free See When Must You Withdraw Assets? (Required Minimum Distributions) , later. State tax free Individual Retirement Bonds The sale of individual retirement bonds issued by the federal government was suspended after April 30, 1982. State tax free The bonds have the following features. State tax free They stop earning interest when you reach age 70½. State tax free If you die, interest will stop 5 years after your death, or on the date you would have reached age 70½, whichever is earlier. State tax free You cannot transfer the bonds. State tax free If you cash (redeem) the bonds before the year in which you reach age 59½, you may be subject to a 10% additional tax. State tax free See Age 59½ Rule under Early Distributions, later. State tax free You can roll over redemption proceeds into IRAs. State tax free Simplified Employee Pension (SEP) A simplified employee pension (SEP) is a written arrangement that allows your employer to make deductible contributions to a traditional IRA (a SEP IRA) set up for you to receive such contributions. State tax free Generally, distributions from SEP IRAs are subject to the withdrawal and tax rules that apply to traditional IRAs. State tax free See Publication 560 for more information about SEPs. State tax free Employer and Employee Association Trust Accounts Your employer or your labor union or other employee association can set up a trust to provide individual retirement accounts for employees or members. State tax free The requirements for individual retirement accounts apply to these traditional IRAs. State tax free Required Disclosures The trustee or issuer (sometimes called the sponsor) of your traditional IRA generally must give you a disclosure statement at least 7 days before you open your IRA. State tax free However, the sponsor does not have to give you the statement until the date you open (or purchase, if earlier) your IRA, provided you are given at least 7 days from that date to revoke the IRA. State tax free The disclosure statement must explain certain items in plain language. State tax free For example, the statement should explain when and how you can revoke the IRA, and include the name, address, and telephone number of the person to receive the notice of cancellation. State tax free This explanation must appear at the beginning of the disclosure statement. State tax free If you revoke your IRA within the revocation period, the sponsor must return to you the entire amount you paid. State tax free The sponsor must report on the appropriate IRS forms both your contribution to the IRA (unless it was made by a trustee-to-trustee transfer) and the amount returned to you. State tax free These requirements apply to all sponsors. State tax free How Much Can Be Contributed? There are limits and other rules that affect the amount that can be contributed to a traditional IRA. State tax free These limits and rules are explained below. State tax free Community property laws. State tax free   Except as discussed later under Kay Bailey Hutchison Spousal IRA Limit , each spouse figures his or her limit separately, using his or her own compensation. State tax free This is the rule even in states with community property laws. State tax free Brokers' commissions. State tax free   Brokers' commissions paid in connection with your traditional IRA are subject to the contribution limit. State tax free For information about whether you can deduct brokers' commissions, see Brokers' commissions , later, under How Much Can You Deduct. State tax free Trustees' fees. State tax free   Trustees' administrative fees are not subject to the contribution limit. State tax free For information about whether you can deduct trustees' fees, see Trustees' fees , later, under How Much Can You Deduct. State tax free Qualified reservist repayments. State tax free   If you were a member of a reserve component and you were ordered or called to active duty after September 11, 2001, you may be able to contribute (repay) to an IRA amounts equal to any qualified reservist distributions (defined later under Early Distributions) you received. State tax free You can make these repayment contributions even if they would cause your total contributions to the IRA to be more than the general limit on contributions. State tax free To be eligible to make these repayment contributions, you must have received a qualified reservist distribution from an IRA or from a section 401(k) or 403(b) plan or a similar arrangement. State tax free Limit. State tax free   Your qualified reservist repayments cannot be more than your qualified reservist distributions, explained under Early Distributions , later. State tax free When repayment contributions can be made. State tax free   You cannot make these repayment contributions later than the date that is 2 years after your active duty period ends. State tax free No deduction. State tax free   You cannot deduct qualified reservist repayments. State tax free Reserve component. State tax free   The term “reserve component” means the: Army National Guard of the United States, Army Reserve, Naval Reserve, Marine Corps Reserve, Air National Guard of the United States, Air Force Reserve, Coast Guard Reserve, or Reserve Corps of the Public Health Service. State tax free Figuring your IRA deduction. State tax free   The repayment of qualified reservist distributions does not affect the amount you can deduct as an IRA contribution. State tax free Reporting the repayment. State tax free   If you repay a qualified reservist distribution, include the amount of the repayment with nondeductible contributions on line 1 of Form 8606. State tax free Example. State tax free   In 2013, your IRA contribution limit is $5,500. State tax free However, because of your filing status and AGI, the limit on the amount you can deduct is $3,500. State tax free You can make a nondeductible contribution of $2,000 ($5,500 - $3,500). State tax free In an earlier year you received a $3,000 qualified reservist distribution, which you would like to repay this year. State tax free   For 2013, you can contribute a total of $8,500 to your IRA. State tax free This is made up of the maximum deductible contribution of $3,500; a nondeductible contribution of $2,000; and a $3,000 qualified reservist repayment. State tax free You contribute the maximum allowable for the year. State tax free Since you are making a nondeductible contribution ($2,000) and a qualified reservist repayment ($3,000), you must file Form 8606 with your return and include $5,000 ($2,000 + $3,000) on line 1 of Form 8606. State tax free The qualified reservist repayment is not deductible. State tax free Contributions on your behalf to a traditional IRA reduce your limit for contributions to a Roth IRA. State tax free See chapter 2 for information about Roth IRAs. State tax free General Limit For 2013, the most that can be contributed to your traditional IRA generally is the smaller of the following amounts: $5,500 ($6,500 if you are age 50 or older), or Your taxable compensation (defined earlier) for the year. State tax free Note. State tax free This limit is reduced by any contributions to a section 501(c)(18) plan (generally, a pension plan created before June 25, 1959, that is funded entirely by employee contributions). State tax free This is the most that can be contributed regardless of whether the contributions are to one or more traditional IRAs or whether all or part of the contributions are nondeductible. State tax free (See Nondeductible Contributions , later. State tax free ) Qualified reservist repayments do not affect this limit. State tax free Examples. State tax free George, who is 34 years old and single, earns $24,000 in 2013. State tax free His IRA contributions for 2013 are limited to $5,500. State tax free Danny, an unmarried college student working part time, earns $3,500 in 2013. State tax free His IRA contributions for 2013 are limited to $3,500, the amount of his compensation. State tax free More than one IRA. State tax free   If you have more than one IRA, the limit applies to the total contributions made on your behalf to all your traditional IRAs for the year. State tax free Annuity or endowment contracts. State tax free   If you invest in an annuity or endowment contract under an individual retirement annuity, no more than $5,500 ($6,500 if you are age 50 or older) can be contributed toward its cost for the tax year, including the cost of life insurance coverage. State tax free If more than this amount is contributed, the annuity or endowment contract is disqualified. State tax free Kay Bailey Hutchison Spousal IRA Limit For 2013, if you file a joint return and your taxable compensation is less than that of your spouse, the most that can be contributed for the year to your IRA is the smaller of the following two amounts: $5,500 ($6,500 if you are age 50 or older), or The total compensation includible in the gross income of both you and your spouse for the year, reduced by the following two amounts. State tax free Your spouse's IRA contribution for the year to a traditional IRA. State tax free Any contributions for the year to a Roth IRA on behalf of your spouse. State tax free This means that the total combined contributions that can be made for the year to your IRA and your spouse's IRA can be as much as $11,000 ($12,000 if only one of you is age 50 or older or $13,000 if both of you are age 50 or older). State tax free Note. State tax free This traditional IRA limit is reduced by any contributions to a section 501(c)(18) plan (generally, a pension plan created before June 25, 1959, that is funded entirely by employee contributions). State tax free Example. State tax free Kristin, a full-time student with no taxable compensation, marries Carl during the year. State tax free Neither of them was age 50 by the end of 2013. State tax free For the year, Carl has taxable compensation of $30,000. State tax free He plans to contribute (and deduct) $5,500 to a traditional IRA. State tax free If he and Kristin file a joint return, each can contribute $5,500 to a traditional IRA. State tax free This is because Kristin, who has no compensation, can add Carl's compensation, reduced by the amount of his IRA contribution ($30,000 − $5,500 = $24,500), to her own compensation (-0-) to figure her maximum contribution to a traditional IRA. State tax free In her case, $5,500 is her contribution limit, because $5,500 is less than $24,500 (her compensation for purposes of figuring her contribution limit). State tax free Filing Status Generally, except as discussed earlier under Kay Bailey Hutchison Spousal IRA Limit , your filing status has no effect on the amount of allowable contributions to your traditional IRA. State tax free However, if during the year either you or your spouse was covered by a retirement plan at work, your deduction may be reduced or eliminated, depending on your filing status and income. State tax free See How Much Can You Deduct , later. State tax free Example. State tax free Tom and Darcy are married and both are 53. State tax free They both work and each has a traditional IRA. State tax free Tom earned $3,800 and Darcy earned $48,000 in 2013. State tax free Because of the Kay Bailey Hutchison Spousal IRA limit rule, even though Tom earned less than $6,500, they can contribute up to $6,500 to his IRA for 2013 if they file a joint return. State tax free They can contribute up to $6,500 to Darcy's IRA. State tax free If they file separate returns, the amount that can be contributed to Tom's IRA is limited by his earned income, $3,800. State tax free Less Than Maximum Contributions If contributions to your traditional IRA for a year were less than the limit, you cannot contribute more after the due date of your return for that year to make up the difference. State tax free Example. State tax free Rafael, who is 40, earns $30,000 in 2013. State tax free Although he can contribute up to $5,500 for 2013, he contributes only $3,000. State tax free After April 15, 2014, Rafael cannot make up the difference between his actual contributions for 2013 ($3,000) and his 2013 limit ($5,500). State tax free He cannot contribute $2,500 more than the limit for any later year. State tax free More Than Maximum Contributions If contributions to your IRA for a year were more than the limit, you can apply the excess contribution in one year to a later year if the contributions for that later year are less than the maximum allowed for that year. State tax free However, a penalty or additional tax may apply. State tax free See Excess Contributions , later, under What Acts Result in Penalties or Additional Taxes. State tax free When Can Contributions Be Made? As soon as you open your traditional IRA, contributions can be made to it through your chosen sponsor (trustee or other administrator). State tax free Contributions must be in the form of money (cash, check, or money order). State tax free Property cannot be contributed. State tax free Although property cannot be contributed, your IRA may invest in certain property. State tax free For example, your IRA may purchase shares of stock. State tax free For other restrictions on the use of funds in your IRA, see Prohibited Transactions , later in this chapter. State tax free You may be able to transfer or roll over certain property from one retirement plan to another. State tax free See the discussion of rollovers and other transfers later in this chapter under Can You Move Retirement Plan Assets . State tax free You can make a contribution to your IRA by having your income tax refund (or a portion of your refund), if any, paid directly to your traditional IRA, Roth IRA, or SEP IRA. State tax free For details, see the instructions for your income tax return or Form 8888, Allocation of Refund (Including Savings Bond Purchases). State tax free Contributions can be made to your traditional IRA for each year that you receive compensation and have not reached age 70½. State tax free For any year in which you do not work, contributions cannot be made to your IRA unless you receive alimony, nontaxable combat pay, military differential pay, or file a joint return with a spouse who has compensation. State tax free See Who Can Open a Traditional IRA , earlier. State tax free Even if contributions cannot be made for the current year, the amounts contributed for years in which you did qualify can remain in your IRA. State tax free Contributions can resume for any years that you qualify. State tax free Contributions must be made by due date. State tax free   Contributions can be made to your traditional IRA for a year at any time during the year or by the due date for filing your return for that year, not including extensions. State tax free For most people, this means that contributions for 2013 must be made by April 15, 2014, and contributions for 2014 must be made by April 15, 2015. State tax free Age 70½ rule. State tax free   Contributions cannot be made to your traditional IRA for the year in which you reach age 70½ or for any later year. State tax free   You attain age 70½ on the date that is 6 calendar months after the 70th anniversary of your birth. State tax free If you were born on or before June 30, 1943, you cannot contribute for 2013 or any later year. State tax free Designating year for which contribution is made. State tax free   If an amount is contributed to your traditional IRA between January 1 and April 15, you should tell the sponsor which year (the current year or the previous year) the contribution is for. State tax free If you do not tell the sponsor which year it is for, the sponsor can assume, and report to the IRS, that the contribution is for the current year (the year the sponsor received it). State tax free Filing before a contribution is made. State tax free    You can file your return claiming a traditional IRA contribution before the contribution is actually made. State tax free Generally, the contribution must be made by the due date of your return, not including extensions. State tax free Contributions not required. State tax free   You do not have to contribute to your traditional IRA for every tax year, even if you can. State tax free How Much Can You Deduct? Generally, you can deduct the lesser of: The contributions to your traditional IRA for the year, or The general limit (or the Kay Bailey Hutchison Spousal IRA limit, if applicable) explained earlier under How Much Can Be Contributed . State tax free However, if you or your spouse was covered by an employer retirement plan, you may not be able to deduct this amount. State tax free See Limit if Covered by Employer Plan , later. State tax free You may be able to claim a credit for contributions to your traditional IRA. State tax free For more information, see chapter 4. State tax free Trustees' fees. State tax free   Trustees' administrative fees that are billed separately and paid in connection with your traditional IRA are not deductible as IRA contributions. State tax free However, they may be deductible as a miscellaneous itemized deduction on Schedule A (Form 1040). State tax free For information about miscellaneous itemized deductions, see Publication 529, Miscellaneous Deductions. State tax free Brokers' commissions. State tax free   These commissions are part of your IRA contribution and, as such, are deductible subject to the limits. State tax free Full deduction. State tax free   If neither you nor your spouse was covered for any part of the year by an employer retirement plan, you can take a deduction for total contributions to one or more of your traditional IRAs of up to the lesser of: $5,500 ($6,500 if you are age 50 or older), or 100% of your compensation. State tax free   This limit is reduced by any contributions made to a 501(c)(18) plan on your behalf. State tax free Kay Bailey Hutchison Spousal IRA. State tax free   In the case of a married couple with unequal compensation who file a joint return, the deduction for contributions to the traditional IRA of the spouse with less compensation is limited to the lesser of: $5,500 ($6,500 if the spouse with the lower compensation is age 50 or older), or The total compensation includible in the gross income of both spouses for the year reduced by the following three amounts. State tax free The IRA deduction for the year of the spouse with the greater compensation. State tax free Any designated nondeductible contribution for the year made on behalf of the spouse with the greater compensation. State tax free Any contributions for the year to a Roth IRA on behalf of the spouse with the greater compensation. State tax free   This limit is reduced by any contributions to a section 501(c)(18) plan on behalf of the spouse with the lesser compensation. State tax free Note. State tax free If you were divorced or legally separated (and did not remarry) before the end of the year, you cannot deduct any contributions to your spouse's IRA. State tax free After a divorce or legal separation, you can deduct only the contributions to your own IRA. State tax free Your deductions are subject to the rules for single individuals. State tax free Covered by an employer retirement plan. State tax free   If you or your spouse was covered by an employer retirement plan at any time during the year for which contributions were made, your deduction may be further limited. State tax free This is discussed later under Limit if Covered by Employer Plan . State tax free Limits on the amount you can deduct do not affect the amount that can be contributed. State tax free Are You Covered by an Employer Plan? The Form W-2 you receive from your employer has a box used to indicate whether you were covered for the year. State tax free The “Retirement Plan” box should be checked if you were covered. State tax free Reservists and volunteer firefighters should also see Situations in Which You Are Not Covered , later. State tax free If you are not certain whether you were covered by your employer's retirement plan, you should ask your employer. State tax free Federal judges. State tax free   For purposes of the IRA deduction, federal judges are covered by an employer plan. State tax free For Which Year(s) Are You Covered? Special rules apply to determine the tax years for which you are covered by an employer plan. State tax free These rules differ depending on whether the plan is a defined contribution plan or a defined benefit plan. State tax free Tax year. State tax free   Your tax year is the annual accounting period you use to keep records and report income and expenses on your income tax return. State tax free For almost all people, the tax year is the calendar year. State tax free Defined contribution plan. State tax free   Generally, you are covered by a defined contribution plan for a tax year if amounts are contributed or allocated to your account for the plan year that ends with or within that tax year. State tax free However, also see Situations in Which You Are Not Covered , later. State tax free   A defined contribution plan is a plan that provides for a separate account for each person covered by the plan. State tax free In a defined contribution plan, the amount to be contributed to each participant's account is spelled out in the plan. State tax free The level of benefits actually provided to a participant depends on the total amount contributed to that participant's account and any earnings and losses on those contributions. State tax free Types of defined contribution plans include profit-sharing plans, stock bonus plans, and money purchase pension plans. State tax free Example. State tax free Company A has a money purchase pension plan. State tax free Its plan year is from July 1 to June 30. State tax free The plan provides that contributions must be allocated as of June 30. State tax free Bob, an employee, leaves Company A on December 31, 2012. State tax free The contribution for the plan year ending on June 30, 2013, is made February 15, 2014. State tax free Because an amount is contributed to Bob's account for the plan year, Bob is covered by the plan for his 2013 tax year. State tax free   A special rule applies to certain plans in which it is not possible to determine if an amount will be contributed to your account for a given plan year. State tax free If, for a plan year, no amounts have been allocated to your account that are attributable to employer contributions, employee contributions, or forfeitures, by the last day of the plan year, and contributions are discretionary for the plan year, you are not covered for the tax year in which the plan year ends. State tax free If, after the plan year ends, the employer makes a contribution for that plan year, you are covered for the tax year in which the contribution is made. State tax free Example. State tax free Mickey was covered by a profit-sharing plan and left the company on December 31, 2012. State tax free The plan year runs from July 1 to June 30. State tax free Under the terms of the plan, employer contributions do not have to be made, but if they are made, they are contributed to the plan before the due date for filing the company's tax return. State tax free Such contributions are allocated as of the last day of the plan year, and allocations are made to the accounts of individuals who have any service during the plan year. State tax free As of June 30, 2013, no contributions were made that were allocated to the June 30, 2013, plan year, and no forfeitures had been allocated within the plan year. State tax free In addition, as of that date, the company was not obligated to make a contribution for such plan year and it was impossible to determine whether or not a contribution would be made for the plan year. State tax free On December 31, 2013, the company decided to contribute to the plan for the plan year ending June 30, 2013. State tax free That contribution was made on February 15, 2014. State tax free Mickey is an active participant in the plan for his 2014 tax year but not for his 2013 tax year. State tax free No vested interest. State tax free   If an amount is allocated to your account for a plan year, you are covered by that plan even if you have no vested interest in (legal right to) the account. State tax free Defined benefit plan. State tax free   If you are eligible to participate in your employer's defined benefit plan for the plan year that ends within your tax year, you are covered by the plan. State tax free This rule applies even if you: Declined to participate in the plan, Did not make a required contribution, or Did not perform the minimum service required to accrue a benefit for the year. State tax free   A defined benefit plan is any plan that is not a defined contribution plan. State tax free In a defined benefit plan, the level of benefits to be provided to each participant is spelled out in the plan. State tax free The plan administrator figures the amount needed to provide those benefits and those amounts are contributed to the plan. State tax free Defined benefit plans include pension plans and annuity plans. State tax free Example. State tax free Nick, an employee of Company B, is eligible to participate in Company B's defined benefit plan, which has a July 1 to June 30 plan year. State tax free Nick leaves Company B on December 31, 2012. State tax free Because Nick is eligible to participate in the plan for its year ending June 30, 2013, he is covered by the plan for his 2013 tax year. State tax free No vested interest. State tax free   If you accrue a benefit for a plan year, you are covered by that plan even if you have no vested interest in (legal right to) the accrual. State tax free Situations in Which You Are Not Covered Unless you are covered by another employer plan, you are not covered by an employer plan if you are in one of the situations described below. State tax free Social security or railroad retirement. State tax free   Coverage under social security or railroad retirement is not coverage under an employer retirement plan. State tax free Benefits from previous employer's plan. State tax free   If you receive retirement benefits from a previous employer's plan, you are not covered by that plan. State tax free Reservists. State tax free   If the only reason you participate in a plan is because you are a member of a reserve unit of the Armed Forces, you may not be covered by the plan. State tax free You are not covered by the plan if both of the following conditions are met. State tax free The plan you participate in is established for its employees by: The United States, A state or political subdivision of a state, or An instrumentality of either (a) or (b) above. State tax free You did not serve more than 90 days on active duty during the year (not counting duty for training). State tax free Volunteer firefighters. State tax free   If the only reason you participate in a plan is because you are a volunteer firefighter, you may not be covered by the plan. State tax free You are not covered by the plan if both of the following conditions are met. State tax free The plan you participate in is established for its employees by: The United States, A state or political subdivision of a state, or An instrumentality of either (a) or (b) above. State tax free Your accrued retirement benefits at the beginning of the year will not provide more than $1,800 per year at retirement. State tax free Limit if Covered by Employer Plan As discussed earlier, the deduction you can take for contributions made to your traditional IRA depends on whether you or your spouse was covered for any part of the year by an employer retirement plan. State tax free Your deduction is also affected by how much income you had and by your filing status. State tax free Your deduction may also be affected by social security benefits you received. State tax free Reduced or no deduction. State tax free   If either you or your spouse was covered by an employer retirement plan, you may be entitled to only a partial (reduced) deduction or no deduction at all, depending on your income and your filing status. State tax free   Your deduction begins to decrease (phase out) when your income rises above a certain amount and is eliminated altogether when it reaches a higher amount. State tax free These amounts vary depending on your filing status. State tax free   To determine if your deduction is subject to the phaseout, you must determine your modified adjusted gross income (AGI) and your filing status, as explained later under Deduction Phaseout . State tax free Once you have determined your modified AGI and your filing status, you can use Table 1-2 or Table 1-3 to determine if the phaseout applies. State tax free Social Security Recipients Instead of using Table 1-2 or Table 1-3 and Worksheet 1-2, Figuring Your Reduced IRA Deduction for 2013, later, complete the worksheets in Appendix B of this publication if, for the year, all of the following apply. State tax free You received social security benefits. State tax free You received taxable compensation. State tax free Contributions were made to your traditional IRA. State tax free You or your spouse was covered by an employer retirement plan. State tax free Use the worksheets in Appendix B to figure your IRA deduction, your nondeductible contribution, and the taxable portion, if any, of your social security benefits. State tax free Appendix B includes an example with filled-in worksheets to assist you. State tax free Table 1-2. State tax free Effect of Modified AGI1 on Deduction if You Are Covered by a Retirement Plan at Work If you are covered by a retirement plan at work, use this table to determine if your modified AGI affects the amount of your deduction. State tax free IF your filing status is . State tax free . State tax free . State tax free AND your modified adjusted gross income (modified AGI) is . State tax free . State tax free . State tax free THEN you can take . State tax free . State tax free . State tax free single or head of household $59,000 or less a full deduction. State tax free more than $59,000 but less than $69,000 a partial deduction. State tax free $69,000 or more no deduction. State tax free married filing jointly or  qualifying widow(er) $95,000 or less a full deduction. State tax free more than $95,000 but less than $115,000 a partial deduction. State tax free $115,000 or more no deduction. State tax free married filing separately2 less than $10,000 a partial deduction. State tax free $10,000 or more no deduction. State tax free 1 Modified AGI (adjusted gross income). State tax free See Modified adjusted gross income (AGI) , later. State tax free  2 If you did not live with your spouse at any time during the year, your filing status is considered Single for this purpose (therefore, your IRA deduction is determined under the “Single” filing status). State tax free Table 1-3. State tax free Effect of Modified AGI1 on Deduction if You Are NOT Covered by a Retirement Plan at Work If you are not covered by a retirement plan at work, use this table to determine if your modified AGI affects the amount of your deduction. State tax free IF your filing status is . State tax free . State tax free . State tax free AND your modified adjusted gross income (modified AGI) is . State tax free . State tax free . State tax free THEN you can take . State tax free . State tax free . State tax free single, head of household, or qualifying widow(er) any amount a full deduction. State tax free married filing jointly or separately with a spouse who is not covered by a plan at work any amount a full deduction. State tax free married filing jointly with a spouse who is covered by a plan at work $178,000 or less a full deduction. State tax free more than $178,000 but less than $188,000 a partial deduction. State tax free $188,000 or more no deduction. State tax free married filing separately with a spouse who is covered by a plan at work2 less than $10,000 a partial deduction. State tax free $10,000 or more no deduction. State tax free 1 Modified AGI (adjusted gross income). State tax free See Modified adjusted gross income (AGI) , later. State tax free  2 You are entitled to the full deduction if you did not live with your spouse at any time during the year. State tax free For 2014, if you are not covered by a retirement plan at work and you are married filing jointly with a spouse who is covered by a plan at work, your deduction is phased out if your modified AGI is more than $181,000 but less than $191,000. State tax free If your AGI is $191,000 or more, you cannot take a deduction for a contribution to a traditional IRA. State tax free Deduction Phaseout The amount of any reduction in the limit on your IRA deduction (phaseout) depends on whether you or your spouse was covered by an employer retirement plan. State tax free Covered by a retirement plan. State tax free   If you are covered by an employer retirement plan and you did not receive any social security retirement benefits, your IRA deduction may be reduced or eliminated depending on your filing status and modified AGI, as shown in Table 1-2. State tax free For 2014, if you are covered by a retirement plan at work, your IRA deduction will not be reduced (phased out) unless your modified AGI is: More than $60,000 but less than $70,000 for a single individual (or head of household), More than $96,000 but less than $116,000 for a married couple filing a joint return (or a qualifying widow(er)), or Less than $10,000 for a married individual filing a separate return. State tax free If your spouse is covered. State tax free   If you are not covered by an employer retirement plan, but your spouse is, and you did not receive any social security benefits, your IRA deduction may be reduced or eliminated entirely depending on your filing status and modified AGI as shown in Table 1-3. State tax free Filing status. State tax free   Your filing status depends primarily on your marital status. State tax free For this purpose, you need to know if your filing status is single or head of household, married filing jointly or qualifying widow(er), or married filing separately. State tax free If you need more information on filing status, see Publication 501, Exemptions, Standard Deduction, and Filing Information. State tax free Lived apart from spouse. State tax free   If you did not live with your spouse at any time during the year and you file a separate return, your filing status, for this purpose, is single. State tax free Modified adjusted gross income (AGI). State tax free   You can use Worksheet 1-1 to figure your modified AGI. State tax free If you made contributions to your IRA for 2013 and received a distribution from your IRA in 2013, see Both contributions for 2013 and distributions in 2013 , later. State tax free    Do not assume that your modified AGI is the same as your compensation. State tax free Your modified AGI may include income in addition to your compensation (discussed earlier) such as interest, dividends, and income from IRA distributions. State tax free Form 1040. State tax free   If you file Form 1040, refigure the amount on the page 1 “adjusted gross income” line without taking into account any of the following amounts. State tax free IRA deduction. State tax free Student loan interest deduction. State tax free Tuition and fees deduction. State tax free Domestic production activities deduction. State tax free Foreign earned income exclusion. State tax free Foreign housing exclusion or deduction. State tax free Exclusion of qualified savings bond interest shown on Form 8815. State tax free Exclusion of employer-provided adoption benefits shown on Form 8839. State tax free This is your modified AGI. State tax free Form 1040A. State tax free   If you file Form 1040A, refigure the amount on the page 1 “adjusted gross income” line without taking into account any of the following amounts. State tax free IRA deduction. State tax free Student loan interest deduction. State tax free Tuition and fees deduction. State tax free Exclusion of qualified savings bond interest shown on Form 8815. State tax free This is your modified AGI. State tax free Form 1040NR. State tax free   If you file Form 1040NR, refigure the amount on the page 1 “adjusted gross income” line without taking into account any of the following amounts. State tax free IRA deduction. State tax free Student loan interest deduction. State tax free Domestic production activities deduction. State tax free Exclusion of qualified savings bond interest shown on Form 8815. State tax free Exclusion of employer-provided adoption benefits shown on Form 8839. State tax free This is your modified AGI. State tax free Income from IRA distributions. State tax free   If you received distributions in 2013 from one or more traditional IRAs and your traditional IRAs include only deductible contributions, the distributions are fully taxable and are included in your modified AGI. State tax free Both contributions for 2013 and distributions in 2013. State tax free   If all three of the following apply, any IRA distributions you received in 2013 may be partly tax free and partly taxable. State tax free You received distributions in 2013 from one or more traditional IRAs, You made contributions to a traditional IRA for 2013, and Some of those contributions may be nondeductible contributions. State tax free (See Nondeductible Contributions and Worksheet 1-2, later. State tax free ) If this is your situation, you must figure the taxable part of the traditional IRA distribution before you can figure your modified AGI. State tax free To do this, you can use Worksheet 1-5, later. State tax free   If at least one of the above does not apply, figure your modified AGI using Worksheet 1-1, later. State tax free How To Figure Your Reduced IRA Deduction If you or your spouse is covered by an employer retirement plan and you did not receive any social security benefits, you can figure your reduced IRA deduction by using Worksheet 1-2. State tax free Figuring Your Reduced IRA Deduction for 2013. State tax free The Instructions for Form 1040, Form 1040A, and Form 1040NR include similar worksheets that you can use instead of the worksheet in this publication. State tax free If you or your spouse is covered by an employer retirement plan, and you received any social security benefits, see Social Security Recipients , earlier. State tax free Note. State tax free If you were married and both you and your spouse contributed to IRAs, figure your deduction and your spouse's deduction separately. State tax free Worksheet 1-1. State tax free Figuring Your Modified AGI Use this worksheet to figure your modified AGI for traditional IRA purposes. State tax free 1. State tax free Enter your adjusted gross income (AGI) from Form 1040, line 38; Form 1040A, line 22; or Form 1040NR, line 37, figured without taking into account the amount from Form 1040, line 32; Form 1040A, line 17; or Form 1040NR, line 32 1. State tax free   2. State tax free Enter any student loan interest deduction from Form 1040, line 33; Form 1040A, line 18; or Form 1040NR, line 33 2. State tax free   3. State tax free Enter any tuition and fees deduction from Form 1040, line 34, or Form 1040A, line 19 3. State tax free   4. State tax free Enter any domestic production activities deduction from Form 1040, line 35, or Form 1040NR, line 34 4. State tax free   5. State tax free Enter any foreign earned income exclusion and/or housing exclusion from Form 2555, line 45, or Form 2555-EZ, line 18 5. State tax free   6. State tax free Enter any foreign housing deduction from Form 2555, line 50 6. State tax free   7. State tax free Enter any excludable savings bond interest from Form 8815, line 14 7. State tax free   8. State tax free Enter any excluded employer-provided adoption benefits from Form 8839, line 28 8. State tax free   9. State tax free Add lines 1 through 8. State tax free This is your Modified AGI for traditional IRA purposes 9. State tax free   Reporting Deductible Contributions If you file Form 1040, enter your IRA deduction on line 32 of that form. State tax free If you file Form 1040A, enter your IRA deduction on line 17 of that form. State tax free If you file Form 1040NR, enter your IRA deduction on line 32 of that form. State tax free You cannot deduct IRA contributions on Form 1040EZ or Form 1040NR-EZ. State tax free Self-employed. State tax free   If you are self-employed (a sole proprietor or partner) and have a SIMPLE IRA, enter your deduction for allowable plan contributions on Form 1040, line 28. State tax free If you file Form 1040NR, enter your deduction on line 28 of that form. State tax free Nondeductible Contributions Although your deduction for IRA contributions may be reduced or eliminated, contributions can be made to your IRA of up to the general limit or, if it applies, the Kay Bailey Hutchison Spousal IRA limit. State tax free The difference between your total permitted contributions and your IRA deduction, if any, is your nondeductible contribution. State tax free Example. State tax free Tony is 29 years old and single. State tax free In 2013, he was covered by a retirement plan at work. State tax free His salary is $62,000. State tax free His modified AGI is $70,000. State tax free Tony makes a $5,500 IRA contribution for 2013. State tax free Because he was covered by a retirement plan and his modified AGI is above $69,000, he cannot deduct his $5,500 IRA contribution. State tax free He must designate this contribution as a nondeductible contribution by reporting it on Form 8606. State tax free Repayment of reservist distributions. State tax free   Nondeductible contributions may include repayments of qualified reservist distributions. State tax free For more information, see Qualified reservist repayments under How Much Can Be Contributed, earlier. State tax free Form 8606. State tax free   To designate contributions as nondeductible, you must file Form 8606. State tax free (See the filled-in Forms 8606 in this chapter. State tax free )   You do not have to designate a contribution as nondeductible until you file your tax return. State tax free When you file, you can even designate otherwise deductible contributions as nondeductible contributions. State tax free   You must file Form 8606 to report nondeductible contributions even if you do not have to file a tax return for the year. State tax free    A Form 8606 is not used for the year that you make a rollover from a qualified retirement plan to a traditional IRA and the rollover includes nontaxable amounts. State tax free In those situations, a Form 8606 is completed for the year you take a distribution from that IRA. State tax free See Form 8606 under Distributions Fully or Partly Taxable, later. State tax free Failure to report nondeductible contributions. State tax free   If you do not report nondeductible contributions, all of the contributions to your traditional IRA will be treated like deductible contributions when withdrawn. State tax free All distributions from your IRA will be taxed unless you can show, with satisfactory evidence, that nondeductible contributions were made. State tax free Penalty for overstatement. State tax free   If you overstate the amount of nondeductible contributions on your Form 8606 for any tax year, you must pay a penalty of $100 for each overstatement, unless it was due to reasonable cause. State tax free Penalty for failure to file Form 8606. State tax free   You will have to pay a $50 penalty if you do not file a required Form 8606, unless you can prove that the failure was due to reasonable cause. State tax free Tax on earnings on nondeductible contributions. State tax free   As long as contributions are within the contribution limits, none of the earnings or gains on contributions (deductible or nondeductible) will be taxed until they are distributed. State tax free Cost basis. State tax free   You will have a cost basis in your traditional IRA if you made any nondeductible contributions. State tax free Your cost basis is the sum of the nondeductible contributions to your IRA minus any withdrawals or distributions of nondeductible contributions. State tax free    Commonly, distributions from your traditional IRAs will include both taxable and nontaxable (cost basis) amounts. State tax free See Are Distributions Taxable, later, for more information. State tax free Recordkeeping. State tax free There is a recordkeeping worksheet, Appendix A. State tax free Summary Record of Traditional IRA(s) for 2013 , that you can use to keep a record of deductible and nondeductible IRA contributions. State tax free Examples — Worksheet for Reduced IRA Deduction for 2013 The following examples illustrate the use of Worksheet 1-2, Figuring Your Reduced IRA Deduction for 2013. State tax free Example 1. State tax free For 2013, Tom and Betty file a joint return on Form 1040. State tax free They are both 39 years old. State tax free They are both employed and Tom is covered by his employer's retirement plan. State tax free Tom's salary is $59,000 and Betty's is $32,555. State tax free They each have a traditional IRA and their combined modified AGI, which includes $5,000 interest and dividend income, is $96,555. State tax free Because their modified AGI is between $95,000 and $115,000 and Tom is covered by an employer plan, Tom is subject to the deduction phaseout discussed earlier under Limit if Covered by Employer Plan . State tax free For 2013, Tom contributed $5,500 to his IRA and Betty contributed $5,500 to hers. State tax free Even though they file a joint return, they must use separate worksheets to figure the IRA deduction for each of them. State tax free Tom can take a deduction of only $5,080. State tax free He can choose to treat the $5,080 as either deductible or nondeductible contributions. State tax free He can either leave the $420 ($5,500 − $5,080) of nondeductible contributions in his IRA or withdraw them by April 15, 2014. State tax free He decides to treat the $5,080 as deductible contributions and leave the $420 of nondeductible contributions in his IRA. State tax free Using Worksheet 1-2, Figuring Your Reduced IRA Deduction for 2013, Tom figures his deductible and nondeductible amounts as shown on Worksheet 1-2. State tax free Figuring Your Reduced IRA Deduction for 2013—Example 1 Illustrated. State tax free Betty figures her IRA deduction as follows. State tax free Betty can treat all or part of her contributions as either deductible or nondeductible. State tax free This is because her $5,500 contribution for 2013 is not subject to the deduction phaseout discussed earlier under Limit if Covered by Employer Plan . State tax free She does not need to use Worksheet 1-2, Figuring Your Reduced IRA Deduction for 2013, because their modified AGI is not within the phaseout range that applies. State tax free Betty decides to treat her $5,500 IRA contributions as deductible. State tax free The IRA deductions of $5,080 and $5,500 on the joint return for Tom and Betty total $10,580. State tax free Example 2. State tax free For 2013, Ed and Sue file a joint return on Form 1040. State tax free They are both 39 years old. State tax free Ed is covered by his employer's retirement plan. State tax free Ed's salary is $45,000. State tax free Sue had no compensation for the year and did not contribute to an IRA. State tax free Sue is not covered by an employer plan. State tax free Ed contributed $5,500 to his traditional IRA and $5,500 to a traditional IRA for Sue (a Kay Bailey Hutchison Spousal IRA). State tax free Their combined modified AGI, which includes $2,000 interest and dividend income and a large capital gain from the sale of stock, is $180,555. State tax free Because the combined modified AGI is $115,000 or more, Ed cannot deduct any of the contribution to his traditional IRA. State tax free He can either leave the $5,500 of nondeductible contributions in his IRA or withdraw them by April 15, 2014. State tax free Sue figures her IRA deduction as shown on Worksheet 1-2. State tax free Figuring Your Reduced IRA Deduction for 2013—Example 2 Illustrated. State tax free Worksheet 1-2. State tax free Figuring Your Reduced IRA Deduction for 2013 (Use only if you or your spouse is covered by an employer plan and your modified AGI falls between the two amounts shown below for your coverage situation and filing status. State tax free ) Note. State tax free If you were married and both you and your spouse contributed to IRAs, figure your deduction and your spouse's deduction separately. State tax free IF you . State tax free . State tax free . State tax free AND your  filing status is . State tax free . State tax free . State tax free AND your modified AGI is over . State tax free . State tax free . State tax free THEN enter on  line 1 below . State tax free . State tax free . State tax free       are covered by an employer plan single or head of household $59,000 $69,000     married filing jointly or qualifying widow(er) $95,000 $115,000     married filing separately $0 $10,000     are not covered by an employer plan, but your spouse is covered married filing jointly $178,000 $188,000     married filing separately $0 $10,000     1. State tax free Enter applicable amount from table above 1. State tax free   2. State tax free Enter your modified AGI (that of both spouses, if married filing jointly) 2. State tax free     Note. State tax free If line 2 is equal to or more than the amount on line 1, stop here. State tax free  Your IRA contributions are not deductible. State tax free See Nondeductible Contributions , earlier. State tax free     3. State tax free Subtract line 2 from line 1. State tax free If line 3 is $10,000 or more ($20,000 or more if married filing jointly or qualifying widow(er) and you are covered by an employer plan), stop here. State tax free You can take a full IRA deduction for contributions of up to $5,500 ($6,500 if you are age 50 or older) or 100% of your (and if married filing jointly, your spouse's) compensation, whichever is less 3. State tax free   4. State tax free Multiply line 3 by the percentage below that applies to you. State tax free If the result is not a multiple of $10, round it to the next highest multiple of $10. State tax free (For example, $611. State tax free 40 is rounded to $620. State tax free ) However, if the result is less than $200, enter $200. State tax free         Married filing jointly or qualifying widow(er) and you are covered by an employer plan, multiply line 3 by 27. State tax free 5% (. State tax free 275) (by 32. State tax free 5% (. State tax free 325) if you are age 50 or older). State tax free All others, multiply line 3 by 55% (. State tax free 55) (by 65% (. State tax free 65) if you are age 50 or older). State tax free 4. State tax free   5. State tax free Enter your compensation minus any deductions on Form 1040 or Form 1040NR, line 27 (deductible part of self-employment tax) and line 28 (self-employed SEP, SIMPLE, and qualified plans). State tax free If you are filing a joint return and your compensation is less than your spouse's, include your spouse's compensation reduced by his or her traditional IRA and Roth IRA contributions for this year. State tax free If you file Form 1040 or Form 1040NR, do not reduce your compensation by any losses from self-employment 5. State tax free   6. State tax free Enter contributions made, or to be made, to your IRA for 2013, but do not enter more than $5,500 ($6,500 if you are age 50 or older). State tax free If contributions are more than $5,500 ($6,500 if you are age 50 or older), see Excess Contributions , later. State tax free 6. State tax free   7. State tax free IRA deduction. State tax free Compare lines 4, 5, and 6. State tax free Enter the smallest amount (or a smaller amount if you choose) here and on the Form 1040, 1040A, or 1040NR line for your IRA, whichever applies. State tax free If line 6 is more than line 7 and you want to make a nondeductible contribution, go to line 8 7. State tax free   8. State tax free Nondeductible contribution. State tax free Subtract line 7 from line 5 or 6, whichever is smaller. State tax free  Enter the result here and on line 1 of your Form 8606 8. State tax free   Worksheet 1-2. State tax free Figuring Your Reduced IRA Deduction for 2013—Example 1 Illustrated (Use only if you or your spouse is covered by an employer plan and your modified AGI falls between the two amounts shown below for your coverage situation and filing status. State tax free ) Note. State tax free If you were married and both you and your spouse contributed to IRAs, figure your deduction and your spouse's deduction separately. State tax free IF you . State tax free . State tax free . State tax free AND your  filing status is . State tax free . State tax free . State tax free AND your modified AGI is over . State tax free . State tax free . State tax free THEN enter on  line 1 below . State tax free . State tax free . State tax free       are covered by an employer plan single or head of household $59,000 $69,000     married filing jointly or qualifying widow(er) $95,000 $115,000     married filing separately $0 $10,000     are not covered by an employer plan, but your spouse is covered married filing jointly $178,000 $188,000     married filing separately $0 $10,000     1. State tax free Enter applicable amount from table above 1. State tax free 115,000 2. State tax free Enter your modified AGI (that of both spouses, if married filing jointly) 2. State tax free 96,555   Note. State tax free If line 2 is equal to or more than the amount on line 1, stop here. State tax free  Your IRA contributions are not deductible. State tax free See Nondeductible Contributions , earlier. State tax free     3. State tax free Subtract line 2 from line 1. State tax free If line 3 is $10,000 or more ($20,000 or more if married filing jointly or qualifying widow(er) and you are covered by an employer plan), stop here. State tax free You can take a full IRA deduction for contributions of up to $5,500 ($6,500 if you are age 50 or older) or 100% of your (and if married filing jointly, your spouse's) compensation, whichever is less 3. State tax free 18,445 4. State tax free Multiply line 3 by the percentage below that applies to you. State tax free If the result is not a multiple of $10, round it to the next highest multiple of $10. State tax free (For example, $611. State tax free 40 is rounded to $620. State tax free ) However, if the result is less than $200, enter $200. State tax free         Married filing jointly or qualifying widow(er) and you are covered by an employer plan, multiply line 3 by 27. State tax free 5% (. State tax free 275) (by 32. State tax free 5% (. State tax free 325) if you are age 50 or older). State tax free All others, multiply line 3 by 55% (. State tax free 55) (by 65% (. State tax free 65) if you are age 50 or older). State tax free 4. State tax free 5,080 5. State tax free Enter your compensation minus any deductions on Form 1040 or Form 1040NR, line 27 (deductible part of self-employment tax) and line 28 (self-employed SEP, SIMPLE, and qualified plans). State tax free If you are filing a joint return and your compensation is less than your spouse's, include your spouse's compensation reduced by his or her traditional IRA and Roth IRA contributions for this year. State tax free If you file Form 1040 or Form 1040NR, do not reduce your compensation by any losses from self-employment 5. State tax free 59,000 6. State tax free Enter contributions made, or to be made, to your IRA for 2013, but do not enter more than $5,500 ($6,500 if you are age 50 or older). State tax free If contributions are more than $5,500 ($6,500 if you are age 50 or older), see Excess Contributions , later. State tax free 6. State tax free 5,500 7. State tax free IRA deduction. State tax free Compare lines 4, 5, and 6. State tax free Enter the smallest amount (or a smaller amount if you choose) here and on the Form 1040, 1040A, or 1040NR line for your IRA, whichever applies. State tax free If line 6 is more than line 7 and you want to make a nondeductible contribution, go to line 8 7. State tax free 5,080 8. State tax free Nondeductible contribution. State tax free Subtract line 7 from line 5 or 6, whichever is smaller. State tax free  Enter the result here and on line 1 of your Form 8606 8. State tax free 420 Worksheet 1-2. State tax free Figuring Your Reduced IRA Deduction for 2013—Example 2 Illustrated (Use only if you or your spouse is covered by an employer plan and your modified AGI falls between the two amounts shown below for your coverage situation and filing status. State tax free ) Note. State tax free If you were married and both you and your spouse contributed to IRAs, figure your deduction and your spouse's deduction separately. State tax free IF you . State tax free . State tax free . State tax free AND your  filing status is . State tax free . State tax free . State tax free AND your modified AGI is over . State tax free . State tax free . State tax free THEN enter on  line 1 below . State tax free . State tax free . State tax free       are covered by an employer plan single or head of household $59,000 $69,000     married filing jointly or qualifying widow(er) $95,000 $115,000     married filing separately $0 $10,000     are not covered by an employer plan, but your spouse is covered married filing jointly $178,000 $188,000     married filing separately $0 $10,000     1. State tax free Enter applicable amount from table above 1. State tax free 188,000 2. State tax free Enter your modified AGI (that of both spouses, if married filing jointly) 2. State tax free 180,555   Note. State tax free If line 2 is equal to or more than the amount on line 1, stop here. State tax free  Your IRA contributions are not deductible. State tax free See Nondeductible Contributions , earlier. State tax free     3. State tax free Subtract line 2 from line 1. State tax free If line 3 is $10,000 or more ($20,000 or more if married filing jointly or qualifying widow(er) and you are covered by an employer plan), stop here. State tax free You can take a full IRA deduction for contributions of up to $5,500 ($6,500 if you are age 50 or older) or 100% of your (and if married filing jointly, your spouse's) compensation, whichever is less 3. State tax free 7,445 4. State tax free Multiply line 3 by the percentage below that applies to you. State tax free If the result is not a multiple of $10, round it to the next highest multiple of $10. State tax free (For example, $611. State tax free 40 is rounded to $620. State tax free ) However, if the result is less than $200, enter $200. State tax free         Married filing jointly or qualifying widow(er) and you are covered by an employer plan, multiply line 3 by 27. State tax free 5% (. State tax free 275) (by 32. State tax free 5% (. State tax free 325) if you are age 50 or older). State tax free All others, multiply line 3 by 55% (. State tax free 55) (by 65% (. State tax free 65) if you are age 50 or older). State tax free 4. State tax free 4,100 5. State tax free Enter your compensation minus any deductions on Form 1040 or Form 1040NR, line 27 (deductible part of self-employment tax) and line 28 (self-employed SEP, SIMPLE, and qualified plans). State tax free If you are filing a joint return and your compensation is less than your spouse's, include your spouse's compensation reduced by his or her traditional IRA and Roth IRA contributions for this year. State tax free If you file Form 1040 or Form 1040NR, do not reduce your compensation by any losses from self-employment 5. State tax free 39,500 6. State tax free Enter contributions made, or to be made, to your IRA for 2013, but do not enter more than $5,500 ($6,500 if you are age 50 or older). State tax free If contributions are more than $5,500 ($6,500 if you are age 50 or older), see Excess Contributions , later. State tax free 6. State tax free 5,500 7. State tax free IRA deduction. State tax free Compare lines 4, 5, and 6. State tax free Enter the smallest amount (or a smaller amount if you choose) here and on the Form 1040, 1040A, or 1040NR line for your IRA, whichever applies. State tax free If line 6 is more than line 7 and you want to make a nondeductible contribution, go to line 8 7. State tax free 4,100 8. State tax free Nondeductible contribution. State tax free Subtract line 7 from line 5 or 6, whichever is smaller. State tax free  Enter the result here and on line 1 of your Form 8606 8. State tax free 1,400 What if You Inherit an IRA? If you inherit a traditional IRA, you are called a beneficiary. State tax free A beneficiary can be any person or entity the owner chooses to receive the benefits of the IRA after he or she dies. State tax free Beneficiaries of a traditional IRA must include in their gross income any taxable distributions they receive. State tax free Inherited from spouse. State tax free   If you inherit a traditional IRA from your spouse, you generally have the following three choices. State tax free You can: Treat it as your own IRA by designating yourself as the account owner. State tax free Treat it as your own by rolling it over into your IRA, or to the extent it is taxable, into a: Qualified employer plan, Qualified employee annuity plan (section 403(a) plan), Tax-sheltered annuity plan (s