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Tax Credits For Students

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Tax Credits For Students

Tax credits for students 9. Tax credits for students   Ingresos y Gastos de Alquiler Table of Contents Introduction Useful Items - You may want to see: Ingresos de Alquiler Gastos de AlquilerDesocupada mientras está en venta. Tax credits for students Reparaciones y Mejoras Otros Gastos Propiedad que Pasa a Ser de Alquiler Alquiler de Parte de una Propiedad Alquiler sin Fines de Lucro Uso Personal de una Unidad Habitable (Incluyendo una Casa de Vacaciones)Cómo Dividir los Gastos Unidad Habitable Usada como Vivienda Cómo Declarar Ingresos y Deducciones DepreciaciónCambio de método contable para deducir depreciación no declarada. Tax credits for students Límites sobre las Pérdidas de AlquilerReglas sobre el Monto de Riesgo Límites sobre las Actividades Pasivas Cómo Declarar Ingresos y Gastos de AlquilerAnexo E (Formulario 1040) Introduction Este capítulo trata sobre los ingresos y gastos de alquiler y abarca también los temas siguientes: Uso personal de una unidad habitable (incluyendo una casa de vacaciones). Tax credits for students Depreciación. Tax credits for students Límites sobre las pérdidas de alquiler. Tax credits for students Cómo declarar sus ingresos y gastos de alquiler. Tax credits for students Si vende o enajena su propiedad alquilada, vea la Publicación 544, Sales and Other Dispositions of Assets (Ventas y otras enajenaciones de bienes), en inglés. Tax credits for students Si ha sufrido una pérdida por daños a su propiedad de alquiler o por el robo de ésta, vea la Publicación 547(SP), Hechos Fortuitos, Desastres y Robos. Tax credits for students Si alquila un condominio o un apartamento de una cooperativa de viviendas, existen reglas especiales que son aplicables en su caso, aunque recibe un trato tributable igual al de los demás dueños de propiedad alquilada. Tax credits for students Vea la Publicación 527, Residential Rental Property (Propiedad residencial de alquiler), en inglés, para más información. Tax credits for students Useful Items - You may want to see: Publicación 527 Residential Rental Property (Propiedad residencial de alquiler), en inglés 534 Depreciating Property Placed in Service Before 1987 (Depreciación de propiedad puesta en uso antes de 1987), en inglés 535 Business Expenses (Gastos de negocio), en inglés 925 Passive Activity and At-Risk Rules (Actividad pasiva y reglas sobre el monto a riesgo), en inglés 946 How To Depreciate Property (Cómo depreciar la propiedad), en inglés Formulario (e Instrucciones) 4562 Depreciation and Amortization (Depreciación y amortización), en inglés 6251 Alternative Minimum Tax – Individuals (Impuesto mínimo alternativo —personas físicas), en inglés 8582 Passive Activity Loss Limitations (Limitaciones de las pérdidas de actividades pasivas), en inglés Anexo E (Formulario 1040) Supplemental Income and Loss (Ingresos y pérdidas suplementarios), en inglés Ingresos de Alquiler En la mayoría de los casos, tiene que incluir en su ingreso bruto todas las cantidades que reciba como alquiler. Tax credits for students El ingreso de alquiler es todo pago que reciba por el uso u ocupación de la propiedad. Tax credits for students Además de las cantidades que reciba como pagos de alquiler normales, hay otras cantidades que pueden considerarse ingreso de alquiler. Tax credits for students Cuándo declarar los ingresos de alquiler. Tax credits for students   Si usted es contribuyente que utiliza el método a base de efectivo, declare el ingreso de alquiler en su declaración de impuestos para el año en que realmente o implícitamente lo recibió. Tax credits for students Usted es contribuyente que utiliza el método a base de efectivo si declara ingreso en el año en que lo recibe, sin tener en cuenta cuándo ganó dicho ingreso. Tax credits for students Usted recibe ingresos implícitamente cuando los adquiere, por ejemplo, al ser abonados en su cuenta bancaria. Tax credits for students   Para más información sobre el recibo implícito de ingresos, vea Métodos Contables , en el capítulo 1. Tax credits for students Alquiler anticipado. Tax credits for students   El alquiler anticipado es toda cantidad que reciba antes del período que cubre el pago. Tax credits for students Incluya el alquiler anticipado en su ingreso de alquiler en el año en que lo recibe, sin tener en cuenta el período cubierto ni el método contable que utilice. Tax credits for students Ejemplo. Tax credits for students Usted firma un contrato de arrendamiento de 10 años para alquilar su propiedad. Tax credits for students Durante el primer año, recibe $5,000 por el alquiler del primer año y $5,000 por el alquiler del último año indicado en el contrato de arrendamiento. Tax credits for students Usted tiene que incluir $10,000 en su ingreso en el primer año. Tax credits for students Anulación de un contrato de arrendamiento. Tax credits for students   Si su inquilino le paga para anular un contrato de arrendamiento, la cantidad que reciba se considera alquiler. Tax credits for students Incluya este pago en sus ingresos del año en que lo recibió, independientemente de cuál sea su método contable. Tax credits for students Gastos pagados por el inquilino. Tax credits for students   Si su inquilino paga cualquiera de los gastos suyos, los pagos se consideran ingreso de alquiler. Tax credits for students Ya que tiene que incluir los gastos en su ingreso, puede deducir los gastos si representan gastos de alquiler deducibles. Tax credits for students Vea Gastos de Alquiler , más adelante, para información adicional. Tax credits for students Propiedad o servicios. Tax credits for students   Si recibe propiedad o servicios como alquiler, en vez de dinero, incluya el valor justo de mercado de la propiedad o de los servicios en su ingreso de alquiler. Tax credits for students   Si los servicios son proporcionados a un precio acordado o especificado o sobre el cual los interesados se han puesto de acuerdo, ese precio será el valor justo de mercado a no ser que existan pruebas de lo contrario. Tax credits for students Depósitos de garantía. Tax credits for students   No incluya un depósito de garantía en su ingreso cuando lo reciba si tiene la intención de devolvérselo a su inquilino al término del contrato de arrendamiento. Tax credits for students Pero si guarda todo o una parte del depósito de garantía o la totalidad de éste, durante cualquier año porque su inquilino no cumplió las condiciones del contrato de arrendamiento, incluya la cantidad que mantuvo como ingresos en ese año. Tax credits for students   Si una cantidad denominada depósito de garantía se utilizará como último pago de alquiler, se considerará alquiler anticipado. Tax credits for students Inclúyala en sus ingresos cuando la reciba. Tax credits for students Participación parcial. Tax credits for students   Si tiene participación parcial en una propiedad de alquiler, tendrá que declarar su parte del ingreso de alquiler que haya recibido de la propiedad. Tax credits for students Alquiler de propiedad que se usa también como su vivienda personal. Tax credits for students   Si alquila propiedad que también usa como su vivienda personal y la alquila por menos de 15 días durante el año tributario, no incluya el alquiler que reciba en sus ingresos y no deduzca los gastos de dicho alquiler. Tax credits for students Sin embargo, puede deducir en el Anexo A (Formulario 1040) los intereses, los impuestos y las pérdidas personales causadas por hechos fortuitos o robos que se admiten para propiedad no alquilada. Tax credits for students Vea Uso Personal de una Unidad Habitable (Incluyendo una Casa de Vacaciones) , más adelante. Tax credits for students Gastos de Alquiler Esta sección trata sobre los gastos de alquiler que usted generalmente puede deducir de su ingreso de alquiler. Tax credits for students También en esta sección se incluye información sobre los gastos que puede deducir si alquila una parte de su propiedad, o si cambia sus bienes para propósitos de alquiler. Tax credits for students La depreciación , la cual también puede deducir de su ingreso de alquiler, se explica más adelante. Tax credits for students Uso personal de propiedad de alquiler. Tax credits for students   Si a veces usa su propiedad de alquiler para fines personales, tiene que dividir los gastos entre uso por alquiler y uso personal. Tax credits for students Además, sus deducciones por gastos de alquiler pueden ser limitadas. Tax credits for students Vea Uso Personal de una Unidad Habitable (Incluyendo una Casa de Vacaciones) , más adelante. Tax credits for students Participación parcial. Tax credits for students   Si tiene participación parcial en una propiedad de alquiler, los gastos pagados se pueden deducir según el porcentaje de propiedad que le corresponde. Tax credits for students Cuándo deducir los gastos de alquiler. Tax credits for students   Si es contribuyente que utiliza el método a base de efectivo, usted generalmente deduce sus gastos de alquiler en el año en que los paga. Tax credits for students Depreciación. Tax credits for students   Puede empezar a depreciar la propiedad de alquiler cuando esté lista y disponible para ser alquilada. Tax credits for students Vea Placed in Service (Puesta en uso) bajo When Does Depreciation Begin and End (¿Cuándo comienza y termina la depreciación?), en el capítulo 2 de la Publicación 527, en inglés. Tax credits for students Gastos previos al alquiler. Tax credits for students   Puede deducir sus gastos ordinarios y necesarios por administrar, conservar o mantener propiedad de alquiler a partir de la fecha en que la ponga a la disposición de inquilinos. Tax credits for students Alquileres por cobrar. Tax credits for students   Si es contribuyente que utiliza el método a base de efectivo, no deduzca los alquileres por cobrar. Tax credits for students Debido a que no los incluye en su ingreso, no los puede deducir. Tax credits for students Propiedad desocupada de alquiler. Tax credits for students   Si tiene propiedad de alquiler, es posible que pueda deducir los gastos ordinarios y necesarios (incluyendo depreciación) por administrar, conservar o mantener la propiedad mientras esté desocupada. Tax credits for students Sin embargo, no puede deducir pérdida alguna del ingreso de alquiler para el período en que la propiedad está desocupada. Tax credits for students Desocupada mientras está en venta. Tax credits for students   Si vende alguna propiedad que tenía para alquiler, usted puede deducir los gastos ordinarios y necesarios para administrar, conservar o mantener la propiedad hasta que se venda. Tax credits for students Si la propiedad no se ofrece ni está disponible para ser alquilada mientras está en venta, los gastos no son gastos de alquiler deducibles. Tax credits for students Reparaciones y Mejoras Generalmente, un gasto por reparaciones o mantenimiento de su propiedad de alquiler se puede deducir si no está requerido a capitalizar el gasto. Tax credits for students Mejoras. Tax credits for students   Tiene que capitalizar cualquier gasto que pague para mejorar su propiedad de alquiler. Tax credits for students Un gasto es para una mejora si resulta en un mejoramiento de su propiedad, si restaura su propiedad, o modifica su propiedad para un uso nuevo o diferente. Tax credits for students Mejoramientos. Tax credits for students   Gastos que pueden resultar en un mejoramiento a su propiedad incluyen gastos para arreglar un defecto o fallo preexistente, ampliar o expander su propiedad, o aumentar la capacidad, resistencia, o calidad de su propiedad. Tax credits for students Restauración. Tax credits for students   Gastos que pueden ser para la restauración incluyen gastos para reemplazar una parte sustancial de la estructura de su propiedad, reparar daños resultantes de un hecho fortuito después de ajustar la base correctamente, o reconstruir su propiedad para restaurarla a una condición como nueva. Tax credits for students Adaptación. Tax credits for students   Gastos que pueden ser para la adaptación incluyen gastos para modificar su propiedad con fines de darle un uso que no sea el uso previsto y ordinario de la propiedad cuando empezó a alquilarla. Tax credits for students Separe los costos de reparaciones de los costos de mejoras y mantenga registros precisos de éstos. Tax credits for students Usted necesitará saber el costo de mejoras cuando venda o deprecie su propiedad. Tax credits for students Por lo general, los gastos capitalizados para la mejora de su propiedad se pueden depreciar como si la mejora fuera propiedad separada. Tax credits for students Otros Gastos Otros gastos que puede deducir de los ingresos de alquiler incluyen publicidad, servicios de limpieza y mantenimiento, servicios públicos, seguro contra incendios y seguro de daños a terceros, impuestos, intereses, comisiones por el cobro de alquiler, viajes y transporte ordinarios y necesarios, y otros gastos explicados a continuación. Tax credits for students Primas de seguro pagadas por anticipado. Tax credits for students   Si paga una prima de seguro con más de un año de anticipación, por cada año de cobertura puede deducir la parte del pago de la prima que corresponderá a ese año. Tax credits for students No puede deducir la prima total en el año en que usted la pague. Tax credits for students Honorarios legales y otros honorarios profesionales. Tax credits for students   Puede deducir, como gastos de alquiler, gastos legales y otros gastos profesionales; por ejemplo, gastos de preparación de la declaración de impuestos que pagó por preparar la Parte I del Anexo E (Formulario 1040). Tax credits for students Por ejemplo, en su Anexo E del año 2013, usted puede deducir cargos pagados en el año 2013 por preparar la Parte I de su Anexo E del año 2012. Tax credits for students También puede deducir, como gasto de alquiler, todo gasto (que no sea impuestos federales y multas) que haya pagado para resolver un pago incompleto de impuestos relacionado con sus actividades de alquiler. Tax credits for students Impuestos sobre beneficios locales. Tax credits for students   Por lo general, no puede deducir cargos por beneficios locales que aumenten el valor de su propiedad, tales como cargos por construir calles, banquetas o aceras, o sistemas de agua o alcantarillado. Tax credits for students Estos cobros son gastos de capital que no se pueden depreciar y se tienen que añadir a la base de su propiedad. Tax credits for students No obstante, puede deducir impuestos sobre beneficios locales si son para mantener, reparar o pagar cargos de intereses por los beneficios. Tax credits for students Gastos de transporte local. Tax credits for students    Tal vez pueda deducir sus gastos de transporte local ordinarios y necesarios si incurrió en los mismos para cobrar ingresos de alquiler o para administrar, conservar o mantener su propiedad alquilada. Tax credits for students Sin embargo, los gastos incurridos para viajar y regresar desde su domicilio a una propiedad de alquiler constituyen gastos no deducibles por la ida y vuelta a su trabajo, a menos que utilice su domicilio como lugar principal de negocios. Tax credits for students Vea la Publicación 587, Business Use of Your Home (Uso de su domicilio para propósitos comerciales), en inglés, para saber si la oficina en su domicilio puede considerarse lugar principal de negocios. Tax credits for students   Generalmente, si usa su automóvil personal, camioneta o furgoneta para actividades de alquiler, puede deducir sus gastos usando uno de los métodos siguientes: los gastos reales o la tasa estándar por milla. Tax credits for students Para 2013, la tarifa estándar por milla de uso comercial es 56. Tax credits for students 5 centavos por milla. Tax credits for students Para más información, vea el capítulo 26. Tax credits for students    Para deducir los gastos de automóvil bajo cualquiera de los dos métodos, tiene que mantener documentación que cumpla los requisitos del capítulo 26. Tax credits for students Además, tiene que completar la Parte V del Formulario 4562, en inglés, y adjuntarla a su declaración de impuestos. Tax credits for students Alquiler de equipo. Tax credits for students   Puede deducir el alquiler que pague por equipo que utilice para propósitos de alquiler. Tax credits for students Sin embargo, en algunos casos, los contratos de arrendamiento son en realidad contratos de compra. Tax credits for students De ser así, usted no puede deducir estos pagos. Tax credits for students Por medio de depreciación, puede recuperar el costo del equipo que usted haya comprado. Tax credits for students Alquiler de propiedad. Tax credits for students   Puede deducir el alquiler que usted pague por propiedad que usa para propósitos de alquiler. Tax credits for students Si compra derechos de arrendamiento con fines de alquiler, puede deducir una parte igual del costo cada año a lo largo de la vigencia del contrato de arrendamiento. Tax credits for students Gastos de viaje. Tax credits for students   Puede deducir los gastos ordinarios y necesarios asociados con viajes fuera del área donde viva usted si el motivo principal del viaje es cobrar ingreso de alquiler o para administrar, conservar, o mantener su propiedad de alquiler. Tax credits for students Tiene que asignar sus gastos correctamente entre actividades de alquiler y actividades para otros fines. Tax credits for students Usted no puede deducir los gastos asociados con viajes fuera del área donde vive si el motivo principal del viaje fue realizar mejoras a su propiedad. Tax credits for students Por medio de la depreciación, se recupera el costo de mejoras. Tax credits for students Para más información sobre gastos de viaje, vea el capítulo 26. Tax credits for students    Para deducir gastos de viaje, tiene que mantener documentación que cumpla los requisitos del capítulo 26. Tax credits for students   Vea la sección titulada Rental Expenses (Gastos de alquiler), en la Publicación 527, en inglés, para más información. Tax credits for students Propiedad que Pasa a Ser de Alquiler Si cambia su casa u otra propiedad (o una parte de ella) para uso de alquiler en cualquier momento que no sea al principio del año tributario, tendrá que dividir sus gastos anuales, tales como los impuestos y el seguro, entre uso por alquiler y uso personal. Tax credits for students Puede deducir como gastos de alquiler solamente la parte del gasto que corresponde a la parte del año en que usó o mantuvo la propiedad para propósitos de alquiler. Tax credits for students No puede deducir depreciación o seguro alguno por la parte del año en que mantuvo la propiedad para uso personal. Tax credits for students Sin embargo, puede incluir los intereses hipotecarios sobre su casa, primas de seguro hipotecario que reúnan los requisitos y los gastos de los impuestos de bienes raíces como deducción detallada en el Anexo A (Formulario 1040) para la parte del año en que la propiedad se usó para fines personales. Tax credits for students Ejemplo. Tax credits for students Su año tributario es el año natural. Tax credits for students Usted se mudó de su casa en mayo y empezó a alquilarla el 1 de junio. Tax credits for students Puede deducir como gastos de alquiler siete doceavos (7/12) de sus gastos anuales, tales como impuestos y seguro. Tax credits for students A partir del mes de junio, puede deducir como gastos de alquiler las cantidades que paga por artículos que generalmente se facturan mensualmente, como es el caso de los servicios públicos. Tax credits for students Alquiler de Parte de una Propiedad Si alquila una parte de su propiedad, tiene que dividir ciertos gastos entre la parte de la propiedad usada para propósitos de alquiler y aquélla usada para fines personales como si tuviera realmente dos propiedades distintas. Tax credits for students Usted puede deducir los gastos relacionados con la parte de la propiedad usada para alquiler, tales como intereses hipotecarios sobre su casa, primas de seguro hipotecario que reúnan los requisitos e impuestos de bienes raíces, como gastos de alquiler en el Anexo E (Formulario 1040). Tax credits for students También puede deducir como gastos de alquiler una parte de otros gastos que normalmente son gastos personales no deducibles, tales como aquéllos de electricidad o de pintar el exterior de su casa. Tax credits for students No ha habido cambios en cuanto a los tipos de gastos que se pueden deducir por la parte de su propiedad destinada a uso personal. Tax credits for students Normalmente, estos gastos se pueden deducir solamente si detalla sus deducciones en el Anexo A del Formulario 1040. Tax credits for students Usted no puede deducir parte alguna del costo de la primera línea telefónica aunque sus inquilinos tengan acceso ilimitado. Tax credits for students No tiene que dividir los gastos que pertenecen solamente a la parte alquilada de su propiedad. Tax credits for students Por ejemplo, si pinta un cuarto que alquila, o si paga primas por seguro de daños con respecto al alquiler de un cuarto de su casa, su costo entero se considerará gasto de alquiler. Tax credits for students Si instala una segunda línea telefónica para el uso exclusivo de sus inquilinos, todo costo de la segunda línea telefónica se podrá deducir como gasto de alquiler. Tax credits for students Como se explica más adelante, puede deducir depreciación sobre la parte de la vivienda que usó para alquiler y también sobre los muebles y el equipo que utilizó para propósitos de alquiler. Tax credits for students Cómo dividir los gastos. Tax credits for students   Si un gasto es tanto por uso de alquiler como uso personal, tales como intereses hipotecarios o calefacción para toda la casa, usted tiene que dividir el gasto entre el uso de alquiler y el uso personal. Tax credits for students Puede usar cualquier método razonable para dividir el gasto. Tax credits for students Puede resultarle razonable dividir el costo de algunos artículos (por ejemplo, el agua) basándose en cuántas personas los usan. Tax credits for students Los dos métodos más comunes para dividir un gasto son aquéllos que se basan en (1) cuántos cuartos hay en su casa y (2) el número de pies cuadrados de su casa. Tax credits for students Alquiler sin Fines de Lucro Si no alquila su propiedad con fines de lucro, podrá deducir sus gastos de alquiler solamente hasta llegar a la cantidad de su ingreso de alquiler. Tax credits for students No se puede deducir una pérdida ni trasladar al año siguiente ningún gasto de alquiler superior a su ingreso de alquiler de ese año. Tax credits for students Para saber más sobre las reglas que corresponden a una actividad a la cual no se dedica con fines de lucro, vea Not-for-Profit Activities (Actividades sin fines de lucro), en el capítulo 1 de la Publicación 535, en inglés. Tax credits for students Dónde se anota la deducción. Tax credits for students   Declare su ingreso de alquiler sin fines de lucro en la línea 21 del Formulario 1040. Tax credits for students Por ejemplo, puede incluir sus intereses hipotecarios y toda prima de seguro hipotecario que reúna los requisitos (si usa la propiedad como su vivienda principal o segunda vivienda), impuestos sobre bienes raíces y pérdidas fortuitas en las líneas correspondientes del Anexo A (Formulario 1040) Itemized Deductions (Deducciones detalladas), si detalla las deducciones. Tax credits for students   Si detalla sus deducciones, anote los demás gastos de alquiler, sujetos a las reglas explicadas en el capítulo 1 de la Publicación 535, en inglés, como deducciones detalladas misceláneas en la línea 23 del Anexo A (Formulario 1040). Tax credits for students Puede deducir estos gastos solamente si el total de éstos, junto con otras deducciones detalladas misceláneas, es mayor del 2% de su ingreso bruto ajustado. Tax credits for students Uso Personal de una Unidad Habitable (Incluyendo una Casa de Vacaciones) Si usa una unidad habitable para fines personales (incluyendo una casa de vacaciones) que alquila, tiene que dividir sus gastos entre uso de alquiler y uso personal. Tax credits for students Normalmente, los gastos de alquiler no serán mayores que el total de los gastos multiplicados por una fracción; el denominador de la cual es el número total de días que se usa la unidad habitable, y el numerador de la cual es el número total de días que realmente se alquila a un precio justo de alquiler. Tax credits for students Sólo los gastos de alquiler podrían deducirse en el Anexo E del Formulario 1040. Tax credits for students Algunos gastos personales podrían deducirse si usted detalla las deducciones en el Anexo A del Formulario 1040. Tax credits for students Usted también tiene que determinar si la unidad habitable se considera una vivienda. Tax credits for students Si la unidad habitable se considera una vivienda, la cantidad de gastos de alquiler que puede deducir podría limitarse. Tax credits for students Si una unidad habitable se considera o no una vivienda depende de cuántos días durante el año se consideren días de uso personal. Tax credits for students Existe una regla especial si utilizó la unidad habitable como vivienda y la alquiló por menos de 15 días durante el año. Tax credits for students Unidad habitable. Tax credits for students    Una unidad habitable incluye una casa, un apartamento, un condominio, una casa móvil, un barco, una vivienda de vacaciones o bienes semejantes. Tax credits for students Asimismo, incluye toda estructura u otros bienes pertenecientes a dicha unidad. Tax credits for students Una unidad habitable tiene comodidades básicas para vivir, tales como espacio para dormir, un inodoro e instalaciones para cocinar. Tax credits for students    Una unidad habitable no incluye propiedad que se usa solamente como un hotel, un motel, una hostería o establecimiento semejante. Tax credits for students La propiedad se usa solamente como hotel, motel, hostería o establecimiento semejante si está abierta habitualmente para clientes que pagan y si no la usa su dueño como vivienda durante el año. Tax credits for students Ejemplo. Tax credits for students Usted alquila una habitación en su casa que siempre está disponible para arrendamiento a corto plazo para clientes que pagan. Tax credits for students Usted mismo no usa la habitación y permite solamente que los clientes la usen. Tax credits for students La habitación tiene uso exclusivo como hotel, motel, hostería o establecimiento semejante y no es una unidad habitable. Tax credits for students Cómo Dividir los Gastos Si usa una unidad habitable para fines de alquiler y para fines personales, divida sus gastos entre uso de alquiler y uso personal basándose en el número de días usados para cada fin. Tax credits for students Al dividir sus gastos, siga estas reglas: Cualquier día en que se alquile la unidad a un precio justo de alquiler es un día de uso de alquiler aunque la usara para propósitos personales ese día. Tax credits for students Esta regla no es aplicable al determinar si la usó como vivienda. Tax credits for students Cualquier día en que la unidad esté disponible para alquilarse, pero no se alquila en realidad, no se considera día de uso para fines de alquiler. Tax credits for students Ejemplo. Tax credits for students Su casa de playa estuvo disponible para ser alquilada desde el 1 de junio hasta el 31 de agosto (92 días). Tax credits for students Durante este período, salvo la primera semana de agosto (7 días) cuando no pudo hallar a un inquilino, alquiló su casa de playa a un precio justo de alquiler. Tax credits for students La persona que alquiló la casa en julio permitió que usted la usara por un fin de semana (2 días) sin ninguna reducción ni reembolso del alquiler. Tax credits for students La familia de usted también usó la casa de playa durante las dos últimas semanas de mayo (14 días). Tax credits for students La casa no fue usada en absoluto antes del 17 de mayo o después del 31 de agosto. Tax credits for students Usted calcula la parte de los gastos de la casa que se considerarán gastos de alquiler de la manera siguiente: La casa se usó para alquiler un total de 85 días (92 menos 7). Tax credits for students Los días en que estuvo disponible para ser alquilada, pero que no se alquiló (7 días) no se consideran días de uso de alquiler. Tax credits for students El fin de semana de julio (2 días) en el cual la usó constituye uso de alquiler porque recibió un precio justo de alquiler por el fin de semana. Tax credits for students Usó la casa para propósitos personales durante 14 días (las dos últimas semanas de mayo). Tax credits for students El uso total de la casa fue 99 días (14 días de uso personal + 85 días de uso de alquiler). Tax credits for students Sus gastos de alquiler son 85/99 (86%) de los gastos de la casa. Tax credits for students Nota. Tax credits for students Para determinar si usó la casa como vivienda, el fin de semana de julio (2 días) en que usted la usó se considera uso personal aunque haya recibido un precio justo de alquiler por el fin de semana. Tax credits for students Por lo tanto, tuvo 16 días de uso personal y 83 días de uso por alquiler. Tax credits for students Debido a que usted usó la casa para fines personales más de 14 días y más del 10% de los días en alquiler (8 días), la usó entonces como vivienda. Tax credits for students Si tiene una pérdida neta, tal vez no pueda deducir todos los gastos de alquiler. Tax credits for students Vea Unidad Habitable Usada como Vivienda, a continuación. Tax credits for students Unidad Habitable Usada como Vivienda Si usa una unidad habitable para propósitos de alquiler y propósitos personales, el trato tributario de los gastos de alquiler que calculó anteriormente bajo Cómo dividir los gastos y los ingresos de alquiler depende de si se considera que usted usa la unidad habitable como vivienda. Tax credits for students Usted usa una unidad habitable como vivienda durante el año tributario si la utiliza para fines personales más de cualquiera de las siguientes que sea mayor: 14 días o el 10% del total de días durante los cuales se les alquila a otras personas a un precio justo de alquiler. Tax credits for students Vea ¿Qué es un día de uso personal? , más adelante. Tax credits for students Precio justo de alquiler. Tax credits for students   Por lo general, un precio justo de alquiler de su propiedad es aquella cantidad que una persona que no sea su pariente estaría dispuesta a pagar. Tax credits for students El alquiler que usted cobra no es precio justo de alquiler si es considerablemente menor que los alquileres que se cobran por otras propiedades semejantes en su área. Tax credits for students   Si una unidad habitable se usa para propósitos personales en un día en que se alquila a un precio justo de alquiler, no cuente ese día como uso de alquiler al aplicarse el punto (2) anteriormente. Tax credits for students En lugar de esto, cuéntelo como día de uso personal al aplicarse los puntos (1) y (2) anteriores. Tax credits for students ¿Qué es un día de uso personal?   Un día de uso personal de una unidad habitable es cualquier día en que ésta sea usada por cualquiera de las personas siguientes: Usted o cualquier otra persona con intereses financieros en la unidad, a no ser que se la alquile a otro dueño como su vivienda principal según un acuerdo de financiación de patrimonio neto compartido (definido más adelante). Tax credits for students Sin embargo, vea Días usados como vivienda principal antes o después de alquilar , más adelante. Tax credits for students Un pariente suyo o de la familia de cualquier otra persona que tenga intereses financieros en la unidad, a no ser que el pariente use la unidad habitable como su vivienda principal y pague un precio justo de alquiler. Tax credits for students La familia incluye únicamente a su cónyuge, sus hermanos y hermanas, medios hermanos y medias hermanas, antepasados (padres, abuelos, etc. Tax credits for students ) y descendientes directos (hijos, nietos, etc. Tax credits for students ). Tax credits for students Cualquier persona que, según un acuerdo, le permita a usted que use otra unidad habitable. Tax credits for students Cualquier persona que la use a un precio menor que el precio justo de alquiler. Tax credits for students Vivienda principal. Tax credits for students   Si la otra persona o pariente mencionado en los puntos (1) ó (2) anteriores tiene más de una vivienda, su vivienda principal es generalmente aquélla en que vivió la mayor parte del tiempo. Tax credits for students Acuerdo de financiación de patrimonio neto compartido. Tax credits for students   Éste es un acuerdo según el cual dos personas o más obtienen intereses financieros no divididos en la totalidad de una misma unidad habitable, inclusive el terreno, por más de 50 años, y uno o más de los copropietarios tiene derecho de ocupar la unidad habitable como su vivienda principal, si paga alquiler al (a los demás) copropietario(s). Tax credits for students Donación del uso de propiedad. Tax credits for students   Usted usa una unidad habitable para propósitos personales si: Dona el uso de la unidad a una institución de caridad, Dicha institución vende el uso de la unidad en una actividad de recaudación de fondos y El “comprador” usa la unidad. Tax credits for students Ejemplos. Tax credits for students   Los siguientes ejemplos demuestran cómo determinar los días de uso personal: Ejemplo 1. Tax credits for students Usted y su vecino son copropietarios de un condominio en la playa. Tax credits for students El año pasado, les alquilaron el condominio a turistas siempre que fuera posible. Tax credits for students Nadie usó el condominio como vivienda principal. Tax credits for students Su vecino usó el condominio 2 semanas el año pasado; usted no lo utilizó en absoluto. Tax credits for students Debido a que su vecino tiene participación en el condominio, se considera que tanto él como usted han usado el condominio para propósitos personales durante esas 2 semanas. Tax credits for students Ejemplo 2. Tax credits for students Usted y sus vecinos son copropietarios de una casa conforme a un acuerdo de financiación de patrimonio neto compartido. Tax credits for students Sus vecinos viven en la casa y le pagan a usted un precio justo de alquiler. Tax credits for students Aunque los vecinos tienen intereses financieros en la casa, los días en que ellos viven allí no cuentan como días de uso personal para usted. Tax credits for students Eso se debe a que sus vecinos alquilan la casa como su vivienda principal conforme a un acuerdo de financiación de patrimonio neto compartido. Tax credits for students Ejemplo 3. Tax credits for students Usted posee una propiedad de alquiler que le arrienda a su hijo. Tax credits for students Su hijo no tiene interés financiero en esta propiedad. Tax credits for students La usa como su vivienda principal y le paga a usted un precio justo de alquiler por la propiedad. Tax credits for students El uso de la propiedad por parte de su hijo no representa uso personal por parte de usted porque su hijo la está usando como vivienda principal, no tiene interés financiero en la propiedad y le está pagando a usted un precio justo. Tax credits for students Ejemplo 4. Tax credits for students Usted le alquila su casa de playa a Josué. Tax credits for students Josué le alquila a usted su casa en las montañas. Tax credits for students Cada uno paga un precio justo de alquiler. Tax credits for students Usted usa su propia casa para fines personales los días en que él la usa porque Josué usa su casa conforme a un acuerdo que le permite a usted usar la casa de él. Tax credits for students Días usados para reparaciones y mantenimiento. Tax credits for students   Cualquier día que pase trabajando sustancialmente a tiempo completo, reparando y manteniendo (no mejorando) su propiedad, no se cuenta como día de uso personal. Tax credits for students No cuente tal día como día de uso personal aunque sus parientes usen la propiedad para actividades recreativas en el mismo día. Tax credits for students Días usados como vivienda principal antes o después de alquilar. Tax credits for students   Con el fin de determinar si una unidad habitable se usó como vivienda, quizás no tenga que contar como días de uso personal los días en que usó la propiedad como vivienda principal antes o después de haberla alquilado u ofrecido en arrendamiento. Tax credits for students No los cuente como días de uso personal si: Usted alquiló o trató de alquilar la propiedad por 12 o más meses seguidos. Tax credits for students Usted alquiló o trató de alquilar la propiedad durante un período menor a 12 meses seguidos y el período se terminó porque vendió o canjeó la propiedad. Tax credits for students Sin embargo, este requisito especial no es aplicable al dividir gastos entre uso de alquiler y uso personal. Tax credits for students Ejemplos. Tax credits for students   Los siguientes ejemplos demuestran cómo determinar si usó su propiedad alquilada como vivienda. Tax credits for students Ejemplo 1. Tax credits for students Usted convirtió el sótano de su casa en un apartamento con un dormitorio, un baño y una cocina pequeña. Tax credits for students Les alquiló el apartamento del sótano, a un precio justo de alquiler, a estudiantes universitarios durante el año escolar. Tax credits for students Lo alquiló con un contrato de arrendamiento de 9 meses (273 días). Tax credits for students Calculó que 27 días son el 10% del total de días en que la vivienda se alquiló a otras personas a un precio justo de alquiler. Tax credits for students En el mes de junio (30 días), sus hermanos se alojaron con usted y vivieron en el apartamento del sótano sin pagar alquiler. Tax credits for students El apartamento del sótano fue usado como vivienda porque lo usó para propósitos personales por 30 días. Tax credits for students Si sus hermanos usaron el apartamento sin pagar alquiler, eso se considera uso personal. Tax credits for students El uso personal (30 días) supera el total más alto entre: 14 días o el 10% del total de días durante los cuales fue alquilado (27 días). Tax credits for students Ejemplo 2. Tax credits for students Usted alquiló el dormitorio para huéspedes en su casa a un precio justo de alquiler durante los fines de semana de la fiesta de Homecoming, de la ceremonia de entrega de diplomas y de fútbol de la universidad local (un total de 27 días). Tax credits for students Su cuñada se alojó en el dormitorio, sin pagar alquiler, durante las últimas 3 semanas (21 días) de julio. Tax credits for students Usted calculó que el 10% del total de días en que el dormitorio se alquiló a otras personas a un precio justo de alquiler es 3 días. Tax credits for students El dormitorio se usó como vivienda porque fue utilizado para propósitos personales por 21 días. Tax credits for students Eso supera el total más alto de: 14 días o el 10% de los 27 días durante los cuales se alquiló (3 días). Tax credits for students Ejemplo 3. Tax credits for students Usted es dueño de un condominio en un lugar turístico. Tax credits for students Lo alquiló a un precio justo de alquiler por 170 días durante el año. Tax credits for students Por 12 de esos días, el inquilino no pudo usar el condominio y permitió que lo usara usted aunque usted no le reembolsó ninguna parte del alquiler. Tax credits for students De hecho, la familia de usted usó el condominio por 10 de esos días. Tax credits for students Por lo tanto, se considera que el condominio fue alquilado por 160 días (170 menos 10). Tax credits for students Usted calculó que el 10% del total de días en que el dormitorio se alquiló a los demás a un precio justo de alquiler es 16 días. Tax credits for students Su familia también usó el condominio por otros 7 días durante el año. Tax credits for students Usted usó el condominio como vivienda porque lo usó para propósitos personales por 17 días. Tax credits for students Eso supera el total más alto de: 14 días o el 10% de los 160 días durante los cuales fue alquilado (16 días). Tax credits for students Uso de alquiler mínimo. Tax credits for students   Si usa la unidad habitable como vivienda y la alquila por menos de 15 días durante el año, ese período no se considera actividad de alquiler. Tax credits for students Para información adicional, vea Propiedad usada como vivienda, y alquilada menos de 15 días, más adelante. Tax credits for students Límite sobre las deducciones. Tax credits for students   Alquilar una unidad habitable que se considera una vivienda no es una actividad pasiva. Tax credits for students En lugar de ello, si los gastos de alquiler son mayores que los ingresos de alquiler, parte, o tal vez todos los gastos en exceso no pueden utilizarse para compensar ingresos de otras fuentes. Tax credits for students Los gastos en exceso que no se pueden utilizar para compensar ingresos de otras fuentes se trasladan al año siguiente y se consideran gastos de alquiler para la misma propiedad. Tax credits for students Todos los gastos trasladados al año siguiente estarán sujetos a los límites correspondientes a dicho año. Tax credits for students Este límite corresponde a los gastos trasladados a un año posterior aunque no utilice la propiedad como su vivienda en dicho año posterior. Tax credits for students   Para calcular los gastos de alquiler deducibles que corresponden al año en curso y los gastos que se trasladan al año que viene, utilice la Hoja de Trabajo 9-1. Tax credits for students Cómo Declarar Ingresos y Deducciones Propiedad no usada para fines personales. Tax credits for students   Si no usa una unidad habitable para fines personales, vea Cómo Declarar Ingresos y Gastos de Alquiler , más adelante, para saber cómo declarar los ingresos y gastos de alquiler. Tax credits for students Propiedad usada para fines personales. Tax credits for students   Si usa una unidad habitable para fines personales, la manera en que usted declara sus ingresos y gastos de alquiler depende de si usted usó la unidad habitable como vivienda. Tax credits for students Propiedad no usada como vivienda. Tax credits for students   Si usted usa una unidad habitable para fines personales, pero no como vivienda, declare todos sus ingresos de alquiler en sus ganancias. Tax credits for students Ya que usted usó la unidad habitable para fines personales, usted debe dividir los gastos entre el uso de alquiler y el uso personal, según se describió anteriormente, bajo Cómo Dividir los Gastos . Tax credits for students Los gastos correspondientes a su uso personal no son deducibles como gastos de alquiler. Tax credits for students   Sin embargo, sus gastos de alquiler deducibles pueden ser mayores que sus ingresos brutos de alquiler. Tax credits for students Vea Límites sobre las Pérdidas de Alquiler , más adelante. Tax credits for students Propiedad usada como vivienda, y alquilada menos de 15 días. Tax credits for students   Si usa una unidad habitable como vivienda, y la alquila menos de 15 días durante el año, se considera que su función principal no es de alquiler, y no debe ser declarada en el Anexo E (Formulario 1040). Tax credits for students No se le requiere declarar sus ingresos ni gastos de alquiler provenientes de esta actividad. Tax credits for students Los gastos, incluso los intereses hipotecarios que reúnen los requisitos, impuestos sobre los bienes raíces, y toda pérdida por hecho fortuito que reúna los requisitos se deben declarar de la manera normalmente permitida, en el Anexo A (Formulario 1040). Tax credits for students Vea las Instrucciones del Anexo A (Formulario 1040) para más información acerca de cómo deducir estos gastos. Tax credits for students Propiedad usada como vivienda, y alquilada 15 días o más. Tax credits for students   Si usa una unidad habitable como vivienda y la alquila 15 días o más durante el año, incluya todos los ingresos de alquiler en sus ganancias. Tax credits for students Ya que usted usó la unidad habitable para fines personales, usted debe dividir sus gastos entre el uso de alquiler y el uso personal, según se describió anteriormente, bajo Cómo Dividir los Gastos . Tax credits for students Los gastos correspondientes al uso personal no son deducibles como gastos de alquiler. Tax credits for students   Si recibió una utilidad neta por alquilar la unidad habitable por el año (es decir, si sus ingresos de alquiler son mayores que el total de sus gastos de alquiler, incluyendo la depreciación), deduzca todos sus gastos de alquiler. Tax credits for students No necesitará usar la Hoja de Trabajo 9-1. Tax credits for students   Sin embargo, si usted tuvo una pérdida neta por alquilar la unidad habitable ese año, la deducción por ciertos gastos de alquiler está limitada. Tax credits for students Para calcular sus gastos de alquiler deducibles, y toda cantidad traspasable al año siguiente, use la Hoja de Trabajo 9-1. Tax credits for students Depreciación Usted recupera el costo de su propiedad que produce ingresos a través de deducciones tributables anuales. Tax credits for students Esto se hace depreciando la propiedad; es decir, deduciendo una parte de su costo cada año en su declaración de impuestos. Tax credits for students Hay tres factores que determinan la cantidad de depreciación que usted puede deducir cada año: (1) su base en la propiedad, (2) el período de recuperación de la propiedad y (3) el método de depreciación que se usa. Tax credits for students No puede simplemente deducir como gastos sus pagos de hipoteca o capital o el costo de muebles, instalaciones fijas y equipo. Tax credits for students Usted puede deducir depreciación solamente sobre la parte de su propiedad que se usa para fines de alquiler. Tax credits for students La depreciación reduce su base para calcular la ganancia o la pérdida sobre una venta o intercambio futuro. Tax credits for students Quizás tenga que usar el Formulario 4562, en inglés, para calcular y declarar la depreciación. Tax credits for students Vea Cómo Declarar Ingresos y Gastos de Alquiler , más adelante. Tax credits for students Impuesto mínimo alternativo. Tax credits for students   Si utiliza la depreciación acelerada, es posible que esté sujeto al impuesto mínimo alternativo. Tax credits for students La depreciación acelerada le permite deducir más depreciación más temprano en el periodo de recuperación de la que podría deducir si utilizara el método de la depreciación uniforme (la misma deducción cada año). Tax credits for students Declaración de la cantidad correcta de depreciación. Tax credits for students   Usted debería declarar la cantidad correcta de depreciación cada año tributario. Tax credits for students Si no ha declarado toda la cantidad de depreciación que tenía derecho a deducir, aún tiene que reducir el valor de la base de la propiedad por la cantidad total de depreciación que hubiera podido deducir. Tax credits for students   Si dedujo una cantidad incorrecta de depreciación para propiedad en un año cualquiera, puede hacer una corrección para ese año presentando el Formulario 1040X, Amended U. Tax credits for students S. Tax credits for students Individual Income Tax Return (Declaración enmendada del impuesto federal sobre el ingreso personal de los Estados Unidos), en inglés. Tax credits for students Si no se le permite hacer la corrección en una declaración enmendada, puede cambiar su método contable para declarar la cantidad correcta de depreciación. Tax credits for students Vea Claiming the Correct Amount of Depreciation (Declaración de la cantidad correcta de depreciación), en el capítulo 2 de la Publicación 527, en inglés, para más información. Tax credits for students Cambio de método contable para deducir depreciación no declarada. Tax credits for students   Para cambiar su método contable, normalmente tiene que presentar el Formulario 3115, Application for Change in Accounting Method (Solicitud para el cambio de método contable), en inglés, para obtener la autorización del Servicio de Impuestos Internos. Tax credits for students En algunos casos, puede recibir autorización automática. Tax credits for students Para más información, vea el capítulo 1 de la Publicación 946, en inglés. Tax credits for students Terreno. Tax credits for students   No puede depreciar el costo del terreno porque normalmente el terreno no se desgasta, no se vuelve obsoleto, ni se agota. Tax credits for students Los costos para despejar y nivelar el terreno, junto con aquéllos para plantar y jardinear, normalmente forman parte del costo del terreno y no se pueden depreciar. Tax credits for students Información adicional. Tax credits for students   Vea la Publicación 527, en inglés, para información sobre cómo depreciar propiedad de alquiler y vea la Publicación 946, en inglés, para más información sobre la depreciación. Tax credits for students Límites sobre las Pérdidas de Alquiler Si tiene alguna pérdida de su actividad de alquiler de bienes raíces, dos clases de reglas pueden limitar la cantidad que puede deducir de las pérdidas. Tax credits for students Tiene que considerar estas reglas en el mismo orden a continuación. Tax credits for students Reglas sobre el monto de riesgo. Tax credits for students Estas reglas son aplicadas primero si hay inversión en su actividad de alquiler de bienes raíces por la cual usted no tiene monto de riesgo. Tax credits for students Esto es aplicable sólo si la propiedad de bienes raíces fue puesta en uso después de 1986. Tax credits for students Límites sobre las actividades pasivas. Tax credits for students Por lo general, las actividades relacionadas con el alquiler de bienes raíces son consideradas como actividades pasivas y las pérdidas no son deducibles al menos que tenga ingresos de otras actividades pasivas para compensar las pérdidas. Tax credits for students Sin embargo, existen excepciones. Tax credits for students Reglas sobre el Monto de Riesgo Podría estar sujeto a las reglas sobre el monto de riesgo si tiene: Una pérdida de una actividad de una ocupación o negocio o para generar ingresos, y Cantidades invertidas en la actividad por la cual usted no tiene un riesgo completo. Tax credits for students Las pérdidas provenientes de la posesión de bienes raíces (aparte de propiedades minerales) puestos en uso antes de 1987 no están sujetas a las reglas sobre el monto de riesgo. Tax credits for students Por lo general, cualquier pérdida de una actividad sujeta a las reglas sobre el monto de riesgo se permite solamente según la cantidad total que tenga en riesgo en la actividad al final del año tributario. Tax credits for students Se considera que usted está en una actividad de riesgo según el dinero y la base ajustada de otras propiedades que haya aportado en la actividad y ciertas cantidades que haya recibido en préstamo para la actividad. Tax credits for students Vea la Publicación 925, en inglés, para más información. Tax credits for students Límites sobre las Actividades Pasivas Por lo general, todas las actividades relacionadas con el alquiler de bienes raíces (excepto las de ciertos agentes de bienes raíces, más adelante) son actividades pasivas. Tax credits for students En este contexto, una actividad de alquiler es aquélla mediante la cual recibe ingresos principalmente por el uso de propiedad tangible, en lugar de servicios. Tax credits for students Límites sobre las deducciones y los créditos de actividades pasivas. Tax credits for students    Las deducciones o pérdidas generadas por actividades pasivas están limitadas. Tax credits for students Por lo general, usted no puede compensar los ingresos, salvo aquéllos pasivos, con pérdidas provenientes de actividades pasivas. Tax credits for students Tampoco puede compensar los impuestos sobre el ingreso, a menos que sea ingreso pasivo, con créditos que resulten de actividades pasivas. Tax credits for students Toda pérdida o crédito excedente se traspasa al año tributario siguiente. Tax credits for students   Para una explicación detallada de estas reglas, vea la Publicación 925, en inglés. Tax credits for students    Posiblemente tenga que completar el Formulario 8582, en inglés, para calcular la cantidad de cualquier pérdida de actividad pasiva del año tributario en curso para todas las actividades y la cantidad de la pérdida por actividades pasivas permitida en su declaración de impuestos. Tax credits for students Agentes de bienes raíces. Tax credits for students   Las actividades de alquiler en las cuales participó materialmente durante el año no son actividades pasivas si, en ese año, usted era agente de bienes raíces. Tax credits for students Para una explicación detallada de los requisitos, vea la Publicación 527, en inglés. Tax credits for students Para una explicación detallada de la participación material, vea la Publicación 925, en inglés. Tax credits for students Excepción por el Uso Personal de una Unidad Habitable Si usted utilizó la propiedad de alquiler como su hogar durante el año, todo ingreso, deducción, ganancia o pérdida que le corresponde a dicho uso no se tomará en cuenta para propósitos del límite sobre la pérdida de actividades pasivas. Tax credits for students En vez de eso, siga las reglas que se explican bajo el tema titulado Uso Personal de una Unidad Habitable (Incluyendo una Casa de Vacaciones) , anteriormente. Tax credits for students Excepción para Actividades de Alquiler de Bienes Raíces con Participación Activa Si usted o su cónyuge participaron activamente en una actividad pasiva de alquiler de bienes raíces, quizás podría deducir de su ingreso no pasivo hasta $25,000 en pérdidas provenientes de dicha actividad. Tax credits for students Este descuento especial es una excepción a la regla general que no admite las pérdidas que excedan del monto de los ingresos procedentes de actividades pasivas. Tax credits for students De igual modo, usted quizás podría compensar los impuestos con créditos de hasta $25,000 de ingresos no pasivos que provengan de dicha actividad después de tomar en consideración cualquier pérdida permitida por esta excepción. Tax credits for students Participación activa. Tax credits for students   Usted participó activamente en una actividad de bienes raíces de alquiler si usted (y su cónyuge) era(n) dueño(s) de por lo menos el 10% de la propiedad alquilada y tomó decisiones de administración o hizo las gestiones para que otros proveyeran servicios (tales como reparaciones) de manera importante y bona fide (de buena fe). Tax credits for students Las decisiones de administración que pueden contar como participación activa incluyen el aprobar inquilinos nuevos, decidir términos de alquiler, aprobar gastos y decisiones semejantes. Tax credits for students Descuento especial máximo. Tax credits for students   El descuento especial máximo es: $25,000 para solteros y casados que presenten una declaración conjunta para el año tributario, $12,500 para casados que presenten la declaración por separado para el año tributario y que hayan vivido separados de sus cónyuges en todo momento del año tributario y $25,000 para un caudal hereditario calificado, menos el descuento especial al que tiene derecho el cónyuge sobreviviente. Tax credits for students   Si sus ingresos brutos ajustados modificados (MAGI, por sus siglas en inglés) son $100,000 o menos ($50,000 o menos si son casados que presentan la declaración por separado), puede deducir la pérdida hasta la cantidad especificada arriba. Tax credits for students Si su MAGI es superior a $100,000 (superior a $50,000 si son casados que presentan la declaración por separado), el descuento especial se limita al 50% de la diferencia entre $150,000 ($75,000 si son casados que presentan la declaración por separado) y su MAGI. Tax credits for students   Por lo general, si su MAGI es $150,000 o más ($75,000 si son casados que presentan la declaración por separado), no hay descuento especial. Tax credits for students Información adicional. Tax credits for students   Vea la Publicación 925, en inglés, para obtener más información acerca de los límites sobre las pérdidas pasivas, incluida información sobre el trato de créditos y de pérdidas pasivas no permitidas sin usar y el trato de ganancias y pérdidas devengadas por enajenación de una actividad pasiva. Tax credits for students Cómo Declarar Ingresos y Gastos de Alquiler El formulario básico para declarar ingresos y gastos de alquiler residencial es el Anexo E (Formulario 1040). Tax credits for students Sin embargo, no utilice ese anexo para declarar una actividad sin fines de lucro. Tax credits for students Consulte Alquiler sin Fines de Lucro , anteriormente. Tax credits for students Prestación de servicios sustanciales. Tax credits for students   Si proporciona servicios sustanciales que sean principalmente para la comodidad del inquilino, tales como limpieza regular, cambio de ropa de cama o servicio de criado doméstico, usted tiene que declarar los ingresos y gastos de alquiler en el Anexo C (Formulario 1040), Profit or Loss From Business (Ganancia o pérdida de negocios), o el Anexo C-EZ (Formulario 1040), Net Profit From Business (Sole Proprietorship) (Utilidad neta de negocios (empresa con dueño único)), en inglés. Tax credits for students Los servicios sustanciales no incluyen el abastecimiento de calefacción y luz, limpieza de áreas públicas, recogida de basura, etcétera. Tax credits for students Para más información, vea la Publicación 334, Tax Guide for Small Business (Guía de impuestos para pequeños negocios), en inglés. Tax credits for students Puede también estar obligado a pagar el impuesto del trabajo por cuenta propia sobre su ingreso de alquiler utilizando el Anexo SE (Formulario 1040), Self-Employment Tax (Impuesto del trabajo por cuenta propia). Tax credits for students    Use el Formulario 1065, U. Tax credits for students S. Tax credits for students Return of Partnership Income (Declaración de ingresos de sociedades colectivas de los Estados Unidos), en inglés, si su actividad de alquiler es de una sociedad colectiva (incluyendo una sociedad colectiva con su cónyuge a menos que sea una empresa conjunta que reúne los requisitos). Tax credits for students Empresa conjunta que reúne los requisitos. Tax credits for students   Si usted y su cónyuge cada uno participan materialmente como los únicos socios de un negocio de bienes raíces del cual la posesión y operación es conjunta, y presentan una declaración conjunta para el año tributario, pueden elegir conjuntamente que se les considere como si fueran una empresa conjunta que reúne los requisitos en vez de una sociedad colectiva. Tax credits for students En la mayoría de los casos, esta elección no aumentará el total adeudado de impuestos en la declaración conjunta, pero sí le provee a cada uno un crédito por los ingresos del Seguro Social, en los cuales se basan los beneficios de jubilación, y para la cobertura de Medicare, si sus ingresos de alquiler están sujetos al impuesto sobre el trabajo por cuenta propia. Tax credits for students Para más información, vea la Publicación 527, en inglés. Tax credits for students Formulario 1098, Mortgage Interest Statement (Informe de intereses hipotecarios), en inglés. Tax credits for students    Si le pagó $600 o más en intereses hipotecarios sobre su propiedad de alquiler a alguna persona, usted debería recibir el Formulario 1098 o un informe semejante que señale los intereses que pagó para el año. Tax credits for students Si usted y por lo menos otra persona (aparte de su cónyuge si presenta una declaración conjunta) fueron responsables de intereses sobre la hipoteca y pagaron dichos intereses y la otra persona recibió el Formulario 1098, declare su parte de los intereses en la línea 13 del Anexo E (Formulario 1040). Tax credits for students Adjunte una nota a su declaración de impuestos mostrando el nombre y la dirección de la otra persona. Tax credits for students En el margen izquierdo del Anexo E, al lado de la línea 13, escriba “See attached” (Vea información adjunta). Tax credits for students Anexo E (Formulario 1040) Si alquila edificios, habitaciones o apartamentos y provee solamente servicios básicos, tales como calefacción, luz, servicios de basura, etc. Tax credits for students , normalmente declararía sus ingresos y gastos de alquiler en la Parte I del Anexo E (Formulario 1040). Tax credits for students Enumere la lista de sus ingresos, gastos y depreciación totales para cada propiedad de alquiler. Tax credits for students Asegúrese de anotar el número de días de alquiler a un precio justo de alquiler y días de uso personal en la línea 2. Tax credits for students Si tiene más de tres propiedades de alquiler o de regalía, complete y adjunte cuantos Anexos E sean necesarios para enumerar las propiedades. Tax credits for students Complete las líneas 1 y 2 para cada propiedad. Tax credits for students No obstante, llene las líneas 23a a 26 solamente en un Anexo E. Tax credits for students En la línea 18 de la página 1 del Anexo E, anote la depreciación que reclama por cada propiedad. Tax credits for students Para averiguar si tiene que adjuntar el Formulario 4562, en inglés, vea la sección titulada Form 4562 (Formulario 4562), bajo el capítulo 3 de la Publicación 527, en inglés. Tax credits for students Si tiene una pérdida de su actividad de alquiler de bienes raíces, tal vez tenga que completar uno o ambos de los siguientes formularios. Tax credits for students Formulario 6198, At-Risk Limitations (Límites sobre el monto en riesgo), en inglés. Tax credits for students Vea Reglas sobre el Monto de Riesgo , anteriormente. Tax credits for students También vea la Publicación 925, en inglés. Tax credits for students Formulario 8582, Passive Activity Loss Limitations (Limitaciones de pérdidas de actividad pasiva), en inglés. Tax credits for students Vea Límites sobre las Actividades Pasivas , anteriormente. Tax credits for students La página 2 del Anexo E se utiliza para declarar ingresos o pérdidas provenientes de sociedades colectivas, sociedades anónimas de tipo S, herencias, fideicomisos y negocios hipotecarios de inversiones en bienes raíces. Tax credits for students Si necesita usar la página 2 del Anexo E, asegúrese de usar la página 2 del mismo Anexo E que utilizó para anotar su actividad de alquiler en la página 1. Tax credits for students También incluya la cantidad de la línea 26 (Parte I) en la línea 41 (Parte V), “Total income or (loss)” (Total de ingreso o (pérdida)). Tax credits for students Hoja de Trabajo 9-1. Tax credits for students Hoja de Trabajo para Calcular las Deducciones de Alquiler para una Unidad Habitable que se Usa como Vivienda Utilice esta hoja de trabajo solamente si contesta “Sí” a todas las preguntas siguientes: ¿Usó la unidad habitable como vivienda este año? Vea Unidad Habitable Usada como Vivienda . Tax credits for students ¿Alquiló la unidad habitable a un precio justo de alquiler por 15 días o más este año? ¿Es el total de sus gastos de alquiler y de depreciación mayor que sus ingresos de alquiler? PARTE I. Tax credits for students Porcentaje del Uso de Alquiler A. Tax credits for students Número total de días en los que la vivienda estuviese disponible para ser alquilada a un precio justo de alquiler A. Tax credits for students       B. Tax credits for students Número total de días en los que la vivienda estuviese disponible para ser alquilada (línea A) pero sin alquilar B. Tax credits for students       C. Tax credits for students Número total de días de uso de alquiler. Tax credits for students Reste la línea B de la línea A C. Tax credits for students       D. Tax credits for students Total de días de uso personal (incluyendo días en los que se haya alquilado a un precio menor del precio justo de alquiler) D. Tax credits for students       E. Tax credits for students Total de días de uso de alquiler y de uso personal. Tax credits for students Sume las líneas C y D E. Tax credits for students       F. Tax credits for students Porcentaje de gastos permitidos de alquiler. Tax credits for students Divida la línea C por la línea E     F. Tax credits for students   PARTE II. Tax credits for students Gastos de Alquiler Permisibles 1. Tax credits for students Anote los alquileres recibidos 1. Tax credits for students   2a. Tax credits for students Anote la parte de los intereses hipotecarios sobre la vivienda deducibles y primas de seguro hipotecario calificadas, correspondiente al alquiler (vea las instrucciones) 2a. Tax credits for students       b. Tax credits for students Anote la parte de los impuestos de bienes raíces correspondiente al alquiler b. Tax credits for students       c. Tax credits for students Anote la parte de las pérdidas personales deducibles causadas por hechos fortuitos o robos correspondiente al alquiler (vea las instrucciones) c. Tax credits for students       d. Tax credits for students Anote los gastos directos de alquiler (vea las instrucciones) d. Tax credits for students       e. Tax credits for students Gastos de alquiler totalmente deducibles. Tax credits for students Sume las líneas 2a a 2d. Tax credits for students Anote los gastos aquí y en las líneas correspondientes del Anexo E (vea las instrucciones) 2e. Tax credits for students   3. Tax credits for students Reste la línea 2e de la línea 1. Tax credits for students Si es cero o menos, anote −0− 3. Tax credits for students   4a. Tax credits for students Anote la parte de los gastos relacionados directamente con el funcionamiento o el mantenimiento de la unidad habitable (tales como reparaciones, seguro y servicios públicos) correspondiente al alquiler 4a. Tax credits for students       b. Tax credits for students Anote la parte de los intereses hipotecarios excedentes y primas de seguro hipotecario calificadas, correspondiente al alquiler (vea las instrucciones) b. Tax credits for students       c. Tax credits for students Gastos de funcionamiento trasladados de la hoja de trabajo de 2012 c. Tax credits for students       d. Tax credits for students Sume las líneas 4a a 4c d. Tax credits for students       e. Tax credits for students Gastos permisibles. Tax credits for students Anote la cantidad de la línea 3 o la línea 4d, la que sea menor (vea las instrucciones) 4e. Tax credits for students   5. Tax credits for students Reste la línea 4e de la línea 3. Tax credits for students Si es cero o menos, anote −0− 5. Tax credits for students   6a. Tax credits for students Anote la parte de las pérdidas excedentes por hechos fortuitos y robos correspondiente al alquiler (vea las instrucciones) 6a. Tax credits for students       b. Tax credits for students Anote la depreciación de la parte de la unidad habitable correspondiente al alquiler b. Tax credits for students       c. Tax credits for students Excedente de pérdidas por hecho fortuito y depreciación trasladado de la hoja de trabajo de 2012 c. Tax credits for students       d. Tax credits for students Sume las líneas 6a a 6c d. Tax credits for students       e. Tax credits for students Pérdidas excedentes permisibles por hechos fortuitos, robos y depreciación. Tax credits for students Anote la cantidad de la línea 5 o la línea 6d, la que sea menor (vea las instrucciones) 6e. Tax credits for students   PARTE III. Tax credits for students Gastos no Permitidos Trasladados al Año Siguiente 7a. Tax credits for students Gastos de funcionamiento a trasladarse al año siguiente. Tax credits for students Reste la línea 4e de la línea 4d 7a. Tax credits for students   b. Tax credits for students Pérdidas excedentes por hechos fortuitos, robos y depreciación a trasladarse al año siguiente. Tax credits for students  Reste la línea 6e de la línea 6d b. Tax credits for students   Instrucciones de la Hoja de Trabajo 9-1. Tax credits for students Hoja de Trabajo para Calcular las Deducciones de Alquiler para una Unidad Habitable que se Usa como Vivienda Precaución. Tax credits for students Utilice el porcentaje calculado en la línea F de la Parte I para calcular las partes correspondientes al alquiler a anotar en las líneas 2a-2c, 4a-4b y 6a-6b de la Parte II. Tax credits for students Línea 2a. Tax credits for students Calcule los intereses hipotecarios sobre la unidad habitable que podría deducir en el Anexo A como si no la hubiera alquilado. Tax credits for students No incluya intereses sobre un préstamo que no benefició a la unidad habitable. Tax credits for students Por ejemplo, no incluya intereses de un préstamo sobre el valor líquido de la vivienda que se utilizó para saldar tarjetas de crédito u otros préstamos personales, comprar un auto o pagar gastos de enseñanza superior. Tax credits for students Incluya intereses de un préstamo que se haya utilizado para comprar, construir o mejorar la unidad habitable o para refinanciar tal préstamo. Tax credits for students Incluya la parte de estos intereses correspondientes al alquiler en el total que anote en la línea 2a de la hoja de trabajo. Tax credits for students   Calcule las primas de seguro hipotecario calificadas sobre la unidad habitable que podría deducir en la línea 13 del Anexo A como si no la hubiera alquilado. Tax credits for students Vea las Instrucciones del Anexo A. Tax credits for students No obstante, calcule el ingreso bruto ajustado (línea 38 del Formulario 1040) sin incluir ingresos y gastos de alquiler de la unidad habitable. Tax credits for students Vea la sección titulada Línea 4b más adelante, para deducir parte de las primas de seguro hipotecario calificadas no permitidas conforme al límite del ingreso bruto ajustado. Tax credits for students Incluya la parte de la cantidad correspondiente a alquiler de la línea 13 del Anexo A en el total que se anota en la línea 2a de la hoja de trabajo. Tax credits for students   Nota: No presente este Anexo A ni lo utilice para calcular la cantidad a deducir en la línea 13 de dicho anexo. Tax credits for students En vez de esto, calcule la parte personal en un Anexo A distinto. Tax credits for students Si ha deducido intereses hipotecarios o primas de seguro hipotecario calificadas sobre la unidad habitable en otros formularios, como los Anexos C o F, no se olvide de restar dicha cantidad de la deducción anotada en el Anexo A. Tax credits for students           Línea 2c. Tax credits for students Calcule las pérdidas causadas por hechos fortuitos o robos relacionadas con la unidad habitable que podría deducir en el Anexo A como si no la hubiera alquilado. Tax credits for students Para hacerlo, complete la Sección A del Formulario 4684, Casualties and Thefts (Hechos fortuitos y robos), en inglés, tratando las pérdidas como pérdidas personales. Tax credits for students Si alguna parte de la pérdida se debe a un desastre declarado como tal por el gobierno federal, vea las Instrucciones del Formulario 4684. Tax credits for students En la línea 17 del Formulario 4684, anote el 10% de su ingreso bruto ajustado, calculado sin sus ingresos de alquiler y gastos de alquiler procedentes de la unidad habitable. Tax credits for students Anote la parte del resultado correspondiente al alquiler de la línea 18 del Formulario 4684 en la línea 2c de esta hoja de trabajo. Tax credits for students   Nota: No presente este Formulario 4684 ni lo utilice para calcular sus pérdidas personales en el Anexo A. Tax credits for students En lugar de ello, calcule la parte personal en un Formulario 4684 por separado. Tax credits for students           Línea 2d. Tax credits for students Anote el total de sus gastos de alquiler que están directamente relacionados solamente con la actividad de alquiler. Tax credits for students Éstos incluyen intereses sobre préstamos que se utilizan para actividades de alquiler que no sean las de comprar, construir o mejorar la unidad habitable. Tax credits for students También incluya los honorarios de agencia de alquiler, la publicidad, los útiles de oficina y la depreciación sobre equipo de oficina que se usó en su actividad de alquiler. Tax credits for students           Línea 2e. Tax credits for students Puede deducir las cantidades de las líneas 2a, 2b, 2c y 2d como gastos de alquiler en el Anexo E aun cuando los gastos de alquiler sean mayores que el ingreso de alquiler. Tax credits for students Anote las cantidades de las líneas 2a, 2b, 2c y 2d en las líneas correspondientes del Anexo E. Tax credits for students           Línea 4b. Tax credits for students En la línea 2a, usted anotó la parte de los intereses hipotecarios y primas de seguro hipotecario calificadas correspondiente al alquiler que podría deducir en el Anexo A si no hubiera alquilado la vivienda. Tax credits for students Si tenía intereses hipotecarios y primas de seguro hipotecario calificadas adicionales que no serían deducibles en el Anexo A debido a límites correspondientes a los mismos, anote en la línea 4b de esta hoja de trabajo la parte de alquiler de esas cantidades en exceso. Tax credits for students No incluya intereses de un préstamo que no haya beneficiado la unidad habitable (como se explicó en las instrucciones para la línea 2a). Tax credits for students           Línea 4e. Tax credits for students Puede deducir las cantidades de las líneas 4a, 4b y 4c como gastos de alquiler en el Anexo E sólo hasta el punto en el que no superen la cantidad de la línea 4e. Tax credits for students *           Línea 6a. Tax credits for students Para encontrar la parte de las pérdidas excedentes por hechos fortuitos o robos correspondientes al alquiler, utilice el Formulario 4684 que preparó para la línea 2c de esta hoja de trabajo. Tax credits for students   A. Tax credits for students Anote la cantidad de la línea 10 del Formulario 4684       B. Tax credits for students Anote la parte de alquiler de la línea A       C. Tax credits for students Anote la cantidad de la línea 2c de esta hoja de trabajo       D. Tax credits for students Reste la línea C de la línea B. Tax credits for students Anote el resultado aquí y en la línea 6a de esta hoja de trabajo               Línea 6e. Tax credits for students Puede deducir las cantidades de las líneas 6a, 6b y 6c como gastos de alquiler en el Anexo E sólo en la medida en que no superen la cantidad de la línea 6e. Tax credits for students * *Asignación de la deducción limitada. Tax credits for students Si no puede deducir toda la cantidad en la línea 4d o 6d este año, puede asignar la deducción permisible según le convenga entre los gastos incluidos en las líneas 4d o 6d. Tax credits for students Anote la cantidad que asigne a cada gasto en la línea correspondiente de la Parte I del Anexo E. Tax credits for students
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The Tax Credits For Students

Tax credits for students 2. Tax credits for students   Estimated Tax for 2014 Table of Contents Introduction Topics - This chapter discusses: Useful Items - You may want to see: Who Does Not Have To Pay Estimated Tax Who Must Pay Estimated TaxGeneral Rule Married Taxpayers Special Rules Aliens Estates and Trusts How To Figure Estimated Tax2014 Estimated Tax Worksheet When To Pay Estimated TaxWhen To Start Farmers and Fishermen How To Figure Each PaymentRegular Installment Method Annualized Income Installment Method Estimated Tax Payments Not Required How To Pay Estimated TaxCredit an Overpayment Pay Online Pay by Phone Pay by Check or Money Order Using the Estimated Tax Payment Voucher Introduction Estimated tax is the method used to pay tax on income that is not subject to withholding. Tax credits for students This includes income from self-employment, interest, dividends, alimony, rent, gains from the sale of assets, prizes, and awards. Tax credits for students You also may have to pay estimated tax if the amount of income tax being withheld from your salary, pension, or other income is not enough. Tax credits for students Estimated tax is used to pay both income tax and self-employment tax, as well as other taxes and amounts reported on your tax return. Tax credits for students If you do not pay enough tax, either through withholding or estimated tax, or a combination of both, you may have to pay a penalty. Tax credits for students If you do not pay enough by the due date of each payment period (see When To Pay Estimated Tax , later), you may be charged a penalty even if you are due a refund when you file your tax return. Tax credits for students For information on when the penalty applies, see chapter 4. Tax credits for students It would be helpful for you to have a copy of your 2013 tax return and an estimate of your 2014 income nearby while reading this chapter. Tax credits for students Topics - This chapter discusses: Who must pay estimated tax, How to figure estimated tax (including illustrated examples), When to pay estimated tax, How to figure each payment, and How to pay estimated tax. Tax credits for students Useful Items - You may want to see: Form (and Instructions) 1040-ES Estimated Tax for Individuals See chapter 5 for information about how to get this publication and form. Tax credits for students Worksheets. Tax credits for students   You may need to use several of the blank worksheets included in this chapter. Tax credits for students See Worksheets for Chapter 2, later, to locate what you need. Tax credits for students Who Does Not Have To Pay Estimated Tax If you receive salaries and wages, you may be able to avoid paying estimated tax by asking your employer to take more tax out of your earnings. Tax credits for students To do this, file a new Form W-4 with your employer. Tax credits for students See chapter 1. Tax credits for students Estimated tax not required. Tax credits for students   You do not have to pay estimated tax for 2014 if you meet all three of the following conditions. Tax credits for students You had no tax liability for 2013. Tax credits for students You were a U. Tax credits for students S. Tax credits for students citizen or resident alien for the whole year. Tax credits for students Your 2013 tax year covered a 12-month period. Tax credits for students   You had no tax liability for 2013 if your total tax (defined later under Total tax for 2013—line 14b ) was zero or you did not have to file an income tax return. Tax credits for students Please click here for the text description of the image. Tax credits for students Figure 2-A: Do You Have To Pay Estimated Tax? Who Must Pay Estimated Tax If you owed additional tax for 2013, you may have to pay estimated tax for 2014. Tax credits for students You can use the following general rule as a guide during the year to see if you will have enough withholding, or should increase your withholding or make estimated tax payments. Tax credits for students General Rule In most cases, you must pay estimated tax for 2014 if both of the following apply. Tax credits for students You expect to owe at least $1,000 in tax for 2014, after subtracting your withholding and refundable credits. Tax credits for students You expect your withholding and refundable credits to be less than the smaller of: 90% of the tax to be shown on your 2014 tax return, or 100% of the tax shown on your 2013 tax return. Tax credits for students Your 2013 tax return must cover all 12 months. Tax credits for students Note. Tax credits for students The percentages in (2a) or (2b) above may be different if you are a farmer, fisherman, or higher income taxpayer. Tax credits for students See Special Rules , later. Tax credits for students If the result from using the general rule above suggests that you will not have enough withholding, complete the 2014 Estimated Tax Worksheet for a more accurate calculation. Tax credits for students Figure 2-A takes you through the general rule. Tax credits for students You may find this helpful in determining if you must pay estimated tax. Tax credits for students If all your income will be subject to income tax withholding, you probably do not need to pay estimated tax. Tax credits for students Example 1. Tax credits for students Jane Smart uses Figure 2-A and the following information to figure whether she should pay estimated tax for 2014. Tax credits for students She files as head of household claiming her dependent son, takes the standard deduction, and expects no refundable credits for 2014. Tax credits for students Expected adjusted gross income (AGI) for 2014 $82,800 AGI for 2013 $73,700 Total tax on 2013 return (Form 1040,  line 61) $  8,746 Total 2014 estimated tax (line 13c of the 2014 Estimated Tax Worksheet) $11,015 Tax expected to be withheld in 2014 $10,000 Jane's answer to Figure 2-A, box 1, is YES; she expects to owe at least $1,000 for 2014 after subtracting her withholding from her expected total tax ($11,015 − $10,000 = $1,015). Tax credits for students Her answer to box 2a is YES; she expects her income tax withholding ($10,000) to be at least 90% of the tax to be shown on her 2014 return ($11,015 × 90% = $9,913. Tax credits for students 50). Tax credits for students Jane does not need to pay estimated tax. Tax credits for students Example 2. Tax credits for students The facts are the same as in Example 1, except that Jane expects only $8,700 tax to be withheld in 2014. Tax credits for students Because that is less than $9,913. Tax credits for students 50, her answer to box 2a is NO. Tax credits for students Jane's answer to box 2b is also NO; she does not expect her income tax withholding ($8,700) to be at least 100% of the total tax shown on her 2013 return ($8,746). Tax credits for students Jane must increase her withholding or pay estimated tax for 2014. Tax credits for students Example 3. Tax credits for students The facts are the same as in Example 2, except that the total tax shown on Jane's 2013 return was $8,600. Tax credits for students Because she expects to have more than $8,600 withheld in 2014 ($8,700), her answer to box 2b is YES. Tax credits for students Jane does not need to pay estimated tax for 2014. Tax credits for students Married Taxpayers If you qualify to make joint estimated tax payments, apply the rules discussed here to your joint estimated income. Tax credits for students You and your spouse can make joint estimated tax payments even if you are not living together. Tax credits for students However, you and your spouse cannot make joint estimated tax payments if: You are legally separated under a decree of divorce or separate maintenance, You and your spouse have different tax years, Either spouse is a nonresident alien (unless that spouse elected to be treated as a resident alien for tax purposes). Tax credits for students See Choosing Resident Alien Status in Publication 519, or Individuals of the same sex and opposite sex who are in registered domestic partnerships, civil unions, or other similar formal relationships that are not marriages under state law cannot make joint estimated tax payments. Tax credits for students These individuals can take credit only for the estimated tax payments that he or she made. Tax credits for students If you and your spouse cannot make joint estimated tax payments, apply these rules to your separate estimated income. Tax credits for students Making joint or separate estimated tax payments will not affect your choice of filing a joint tax return or separate returns for 2014. Tax credits for students 2013 separate returns and 2014 joint return. Tax credits for students   If you plan to file a joint return with your spouse for 2014, but you filed separate returns for 2013, your 2013 tax is the total of the tax shown on your separate returns. Tax credits for students You filed a separate return if you filed as single, head of household, or married filing separately. Tax credits for students 2013 joint return and 2014 separate returns. Tax credits for students   If you plan to file a separate return for 2014, but you filed a joint return for 2013, your 2013 tax is your share of the tax on the joint return. Tax credits for students You file a separate return if you file as single, head of household, or married filing separately. Tax credits for students   To figure your share of the tax on a joint return, first figure the tax both you and your spouse would have paid had you filed separate returns for 2013 using the same filing status for 2014. Tax credits for students Then multiply the tax on the joint return by the following fraction. Tax credits for students      The tax you would have paid had you filed a separate return   The total tax you and your spouse would have paid had you filed separate returns Example. Tax credits for students Joe and Heather filed a joint return for 2013 showing taxable income of $48,500 and a tax of $6,386. Tax credits for students Of the $48,500 taxable income, $40,100 was Joe's and the rest was Heather's. Tax credits for students For 2014, they plan to file married filing separately. Tax credits for students Joe figures his share of the tax on the 2013 joint return as follows: Tax on $40,100 based on separate return $5,960 Tax on $8,400 based on separate return 843 Total $6,803 Joe's percentage of total ($5,960 ÷ $6,803) 87. Tax credits for students 6% Joe's share of tax on joint return  ($6,386 × 87. Tax credits for students 6%) $5,594 Special Rules There are special rules for farmers, fishermen, and certain higher income taxpayers. Tax credits for students Farmers and Fishermen If at least two-thirds of your gross income for 2013 or 2014 is from farming or fishing, substitute 662/3% for 90% in (2a) under General Rule , earlier. Tax credits for students Gross income. Tax credits for students   Your gross income is all income you receive in the form of money, goods, property, and services that is not exempt from tax. Tax credits for students To determine whether two-thirds of your gross income for 2013 was from farming or fishing, use as your gross income the total of the income (not loss) amounts. Tax credits for students Joint returns. Tax credits for students   On a joint return, you must add your spouse's gross income to your gross income to determine if at least two-thirds of your total gross income is from farming or fishing. Tax credits for students Gross income from farming. Tax credits for students   This is income from cultivating the soil or raising agricultural commodities. Tax credits for students It includes the following amounts. Tax credits for students Income from operating a stock, dairy, poultry, bee, fruit, or truck farm. Tax credits for students Income from a plantation, ranch, nursery, range, orchard, or oyster bed. Tax credits for students Crop shares for the use of your land. Tax credits for students Gains from sales of draft, breeding, dairy, or sporting livestock. Tax credits for students   For 2013, gross income from farming is the total of the following amounts. Tax credits for students Schedule F (Form 1040), Profit or Loss From Farming, line 9. Tax credits for students Form 4835, Farm Rental Income and Expenses, line 7. Tax credits for students Your share of the gross farming income from a partnership, S corporation, estate or trust, from: Schedule K-1 (Form 1065), Schedule K-1 (Form 1120S), or Schedule K-1 (Form 1041). Tax credits for students Your gains from sales of draft, breeding, dairy, or sporting livestock shown on Form 4797, Sales of Business Property. Tax credits for students   Wages you receive as a farm employee and wages you receive from a farm corporation are not gross income from farming. Tax credits for students Gross income from fishing. Tax credits for students   This is income from catching, taking, harvesting, cultivating, or farming any kind of fish, shellfish (for example, clams and mussels), crustaceans (for example, lobsters, crabs, and shrimp), sponges, seaweeds, or other aquatic forms of animal and vegetable life. Tax credits for students   Gross income from fishing includes the following amounts. Tax credits for students Schedule C (Form 1040), Profit or Loss From Business. Tax credits for students Income for services as an officer or crew member of a vessel while the vessel is engaged in fishing. Tax credits for students Your share of the gross fishing income from a partnership, S corporation, estate or trust, from: Schedule K-1 (Form 1065), Schedule K-1 (Form 1120S), or Schedule K-1 (Form 1041). Tax credits for students Certain taxable interest and punitive damage awards received in connection with the Exxon Valdez litigation. Tax credits for students Income for services normally performed in connection with fishing. Tax credits for students Services normally performed in connection with fishing include: Shore service as an officer or crew member of a vessel engaged in fishing, and Services that are necessary for the immediate preservation of the catch, such as cleaning, icing, and packing the catch. Tax credits for students Higher Income Taxpayers If your AGI for 2013 was more than $150,000 ($75,000 if your filing status for 2014 is married filing a separate return), substitute 110% for 100% in (2b) under General Rule , earlier. Tax credits for students For 2013, AGI is the amount shown on Form 1040, line 37; Form 1040A, line 21; and Form 1040EZ, line 4. Tax credits for students Note. Tax credits for students This rule does not apply to farmers and fishermen. Tax credits for students Aliens Resident and nonresident aliens also may have to pay estimated tax. Tax credits for students Resident aliens should follow the rules in this publication, unless noted otherwise. Tax credits for students Nonresident aliens should get Form 1040-ES (NR), U. Tax credits for students S. Tax credits for students Estimated Tax for Nonresident Alien Individuals. Tax credits for students You are an alien if you are not a citizen or national of the United States. Tax credits for students You are a resident alien if you either have a green card or meet the substantial presence test. Tax credits for students For more information about withholding, the substantial presence test, and Form 1040-ES (NR), see Publication 519. Tax credits for students Estates and Trusts Estates and trusts also must pay estimated tax. Tax credits for students However, estates (and certain grantor trusts that receive the residue of the decedent's estate under the decedent's will) are exempt from paying estimated tax for the first 2 years after the decedent's death. Tax credits for students Estates and trusts must use Form 1041-ES, Estimated Income Tax for Estates and Trusts, to figure and pay estimated tax. Tax credits for students How To Figure Estimated Tax To figure your estimated tax, you must figure your expected AGI, taxable income, taxes, deductions, and credits for the year. Tax credits for students When figuring your 2014 estimated tax, it may be helpful to use your income, deductions, and credits for 2013 as a starting point. Tax credits for students Use your 2013 federal tax return as a guide. Tax credits for students You can use Form 1040-ES to figure your estimated tax. Tax credits for students Nonresident aliens use Form 1040-ES (NR) to figure estimated tax. Tax credits for students You must make adjustments both for changes in your own situation and for recent changes in the tax law. Tax credits for students Some of these changes are discussed under What's New for 2014 , earlier. Tax credits for students For information about these and other changes in the law, visit the IRS website at IRS. Tax credits for students gov. Tax credits for students The instructions for Form 1040-ES include a worksheet to help you figure your estimated tax. Tax credits for students Keep the worksheet for your records. Tax credits for students 2014 Estimated Tax Worksheet Use Worksheet 2-1 to help guide you through the information about completing the 2014 Estimated Tax Worksheet. Tax credits for students You can also find a copy of the worksheet in the Instructions for Form 1040-ES. Tax credits for students Expected AGI—Line 1 Your expected AGI for 2014 (line 1) is your expected total income minus your expected adjustments to income. Tax credits for students Total income. Tax credits for students   Include in your total income all the income you expect to receive during the year, even income that is subject to withholding. Tax credits for students However, do not include income that is tax exempt. Tax credits for students   Total income includes all income and loss for 2014 that, if you had received it in 2013, would have been included on your 2013 tax return in the total on line 22 of Form 1040, line 15 of Form 1040A, or line 4 of Form 1040EZ. Tax credits for students Social security and railroad retirement benefits. Tax credits for students If you expect to receive social security or tier 1 railroad retirement benefits during 2014, use Worksheet 2-2 to figure the amount of expected taxable benefits you should include on line 1. Tax credits for students Adjustments to income. Tax credits for students   Be sure to subtract from your expected total income all of the adjustments you expect to take on your 2014 tax return. Tax credits for students Self-employed. Tax credits for students If you expect to have income from self-employment, use Worksheet 2-3 to figure your expected self-employment tax and your allowable deduction for self-employment tax. Tax credits for students Include the amount from Worksheet 2-3 in your expected adjustments to income. Tax credits for students If you file a joint return and both you and your spouse have net earnings from self-employment, each of you must complete a separate worksheet. Tax credits for students Expected Taxable Income— Lines 2–5 Reduce your expected AGI for 2014 (line 1) by either your expected itemized deductions or your standard deduction and by your exemptions (lines 2 through 5). Tax credits for students Itemized deductions—line 2. Tax credits for students   If you expect to claim itemized deductions on your 2014 tax return, enter the estimated amount on line 2. Tax credits for students   Itemized deductions are the deductions that can be claimed on Schedule A (Form 1040). Tax credits for students    For 2014, your total itemized deductions may be reduced if your AGI is more than the amount shown next for your filing status. Tax credits for students Single $254,200 Married filing jointly or qualifying widow(er) $305,050 Married filing separately $152,525 Head of household $279,650   If you expect your AGI to be more than this amount, use Worksheet 2-5 to figure the amount to enter on line 2. Tax credits for students Standard deduction—line 2. Tax credits for students   If you expect to claim the standard deduction on your 2014 tax return, enter the amount on line 2. Tax credits for students Use Worksheet 2-4 to figure your standard deduction. Tax credits for students No standard deduction. Tax credits for students   The standard deduction for some individuals is zero. Tax credits for students Your standard deduction will be zero if you: File a separate return and your spouse itemizes deductions, Are a dual-status alien, or File a return for a period of less than 12 months because you change your accounting period. Tax credits for students Exemptions—line 4. Tax credits for students   After you have subtracted either your expected itemized deductions or your standard deduction from your expected AGI, reduce the amount remaining by $3,950 for each exemption you expect to take on your 2014 tax return. Tax credits for students If another person (such as your parent) can claim an exemption for you on his or her tax return, you cannot claim your own personal exemption. Tax credits for students This is true even if the other person will not claim your exemption or the exemption will be reduced or eliminated under the phaseout rule. Tax credits for students    For 2014, your deduction for personal exemption is reduced if your AGI is more than the amount shown next for your filing status. Tax credits for students Single $254,200 Married filing jointly or qualifying widow(er) $305,050 Married filing separately $152,525 Head of household $279,650   If you expect your AGI to be more than this amount, use Worksheet 2-6 to figure the amount to enter on line 4. Tax credits for students Expected Taxes and Credits— Lines 6–13c After you have figured your expected taxable income (line 5), follow the steps next to figure your expected taxes, credits, and total tax for 2014. Tax credits for students Most people will have entries for only a few of these steps. Tax credits for students However, you should check every step to be sure you do not overlook anything. Tax credits for students Step 1. Tax credits for students   Figure your expected income tax (line 6). Tax credits for students Generally, you will use the 2014 Tax Rate Schedules, later, to figure your expected income tax. Tax credits for students   However, see below for situations where you must use a different method to compute your estimated tax. Tax credits for students Tax on child's investment income. Tax credits for students   You must use a special method to figure tax on the income of the following children who have more than $2,000 of investment income. Tax credits for students Children under age 18 at the end of 2014. Tax credits for students The following children if their earned income is not more than half their support. Tax credits for students Children age 18 at the end of 2014. Tax credits for students Children who are full-time students over age 18 and under age 24 at the end of 2014. Tax credits for students See Publication 929, Tax Rules for Children and Dependents. Tax credits for students Although the ages and dollar amounts in the publication may be different in the 2014 revision, this reference will give you basic information for figuring the tax. Tax credits for students Tax on net capital gain. Tax credits for students   The regular income tax rates for individuals do not apply to a net capital gain. Tax credits for students Instead, your net capital gain is taxed at a lower maximum rate. Tax credits for students   The term “net capital gain” means the amount by which your net long-term capital gain for the year is more than your net short-term capital loss. Tax credits for students Tax on capital gain and qualified dividends. Tax credits for students If the amount on line 1 includes a net capital gain or qualified dividends, use Worksheet 2-7 to figure your tax. Tax credits for students Note. Tax credits for students For 2014, your capital gains and dividends rate will depend on your income. Tax credits for students Tax if excluding foreign earned income or excluding or deducting foreign housing. Tax credits for students If you expect to claim the foreign earned income exclusion or the housing exclusion or deduction on Form 2555 or Form 2555-EZ, use Worksheet 2-8 to figure your estimated tax. Tax credits for students Step 2. Tax credits for students   Total your expected taxes (line 8). Tax credits for students Include on line 8 the sum of the following. Tax credits for students Your tax on line 6. Tax credits for students Your expected alternative minimum tax (AMT) from Form 6251, or included on Form 1040A. Tax credits for students Your expected additional taxes from Form 8814, Parents' Election To Report Child's Interest and Dividends, and Form 4972, Tax on Lump-Sum Distributions. Tax credits for students Any recapture of education credits. Tax credits for students Step 3. Tax credits for students   Subtract your expected credits (line 9). Tax credits for students If you are using your 2013 return as a guide and filed Form 1040, your total credits for 2013 were shown on line 54. Tax credits for students If you filed Form 1040A, your total credits for 2013 were on line 34. Tax credits for students   If your credits on line 9 are more than your taxes on line 8, enter “-0-” on line 10 and go to Step 4. Tax credits for students Step 4. Tax credits for students   Add your expected self-employment tax (line 11). Tax credits for students You already should have figured your self-employment tax (see Self-employed under Expected AGI—Line 1, earlier). Tax credits for students Step 5. Tax credits for students   Add your expected other taxes (line 12). Tax credits for students   Other taxes include the following. Tax credits for students Additional tax on early distributions from: An IRA or other qualified retirement plan, A tax-sheltered annuity, or A modified endowment contract entered into after June 20, 1988. Tax credits for students Household employment taxes if: You will have federal income tax withheld from wages, pensions, annuities, gambling winnings, or other income, or You would be required to make estimated tax payments even if you did not include household employment taxes when figuring your estimated tax. Tax credits for students Amounts written on Form 1040 on the line for “other taxes” (line 60 on the 2013 Form 1040). Tax credits for students But, do not include recapture of a federal mortgage subsidy; tax on excess golden parachute payments; look-back interest due under section 167(g) or 460(b) of the Internal Revenue Code; excise tax on insider stock compensation from an expatriated corporation; uncollected social security and Medicare tax or RRTA tax on tips or group-term life insurance; or additional tax on advance payments of health coverage tax credit when not eligible. Tax credits for students Repayment of the first-time homebuyer credit. Tax credits for students See Form 5405. Tax credits for students Additional Medicare Tax. Tax credits for students A 0. Tax credits for students 9% Additional Medicare Tax applies to your combined Medicare wages and self-employment income and/or your RRTA compensation that exceeds the amount listed in the following chart, based on your filing status. Tax credits for students Filing Status Threshold Amount Married filing jointly $250,000 Married filing separately $125,000 Single $200,000 Head of household $200,000 Qualifying Widow(er) $200,000 Medicare wages and self-employment income are combined to determine if your income exceeds the threshold. Tax credits for students A self-employment loss should not be considered for purposes of this tax. Tax credits for students RRTA compensation should be separately compared to the threshold. Tax credits for students Your employer is responsible for withholding the 0. Tax credits for students 9% Additional Medicare Tax on Medicare wages or RRTA compensation it pays to you in excess of $200,000 in 2014. Tax credits for students You should consider this withholding, if applicable, in determining whether you need to make an estimated payment. Tax credits for students For more information on Additional Medicare Tax, go to IRS. Tax credits for students gov and enter “Additional Medicare Tax” in the search box. Tax credits for students Net Investment Income Tax (NIIT). Tax credits for students The NIIT is 3. Tax credits for students 8% of the lesser of your net investment income or the excess of your modified adjusted gross income over the amount listed in the following chart, based on your filing status. Tax credits for students Filing Status Threshold Amount Married filing jointly $250,000 Married filing separately $125,000 Single $200,000 Head of household $200,000 Qualifying Widow(er) $250,000 For more information on Net Investment Income Tax, go to IRS. Tax credits for students gov and enter “Net Investment Income Tax” in the search box. Tax credits for students Step 6. Tax credits for students   Subtract your refundable credit (line 13b). Tax credits for students   To figure your expected fuel tax credit, do not include fuel tax for the first three quarters of the year that you expect to have refunded to you. Tax credits for students   The result of steps 1 through 6 is your total estimated tax for 2014 (line 13c). Tax credits for students Required Annual Payment— Line 14c On lines 14a through 14c, figure the total amount you must pay for 2014, through withholding and estimated tax payments, to avoid paying a penalty. Tax credits for students General rule. Tax credits for students   The total amount you must pay is the smaller of: 90% of your total expected tax for 2014, or 100% of the total tax shown on your 2013 return. Tax credits for students Your 2013 tax return must cover all 12 months. Tax credits for students Special rules. Tax credits for students   There are special rules for higher income taxpayers and for farmers and fishermen. Tax credits for students Higher income taxpayers. Tax credits for students   If your AGI for 2013 was more than $150,000 ($75,000 if your filing status for 2014 is married filing separately), substitute 110% for 100% in (2) above. Tax credits for students This rule does not apply to farmers and fishermen. Tax credits for students For 2013, AGI is the amount shown on Form 1040, line 37; Form 1040A, line 21; and Form 1040EZ, line 4. Tax credits for students Example. Tax credits for students   Jeremy Martin's total tax on his 2013 return was $42,581, and his expected tax for 2014 is $71,253. Tax credits for students His 2013 AGI was $180,000. Tax credits for students Because Jeremy had more than $150,000 of AGI in 2013, he figures his required annual payment as follows. Tax credits for students He determines that 90% of his expected tax for 2014 is $64,128 (. Tax credits for students 90 × $71,253). Tax credits for students Next, he determines that 110% of the tax shown on his 2013 return is $46,839 (1. Tax credits for students 10 x $42,581). Tax credits for students Finally, he determines that his required annual payment is $46,839, the smaller of the two. Tax credits for students Farmers and fishermen. Tax credits for students   If at least two-thirds of your gross income for 2013 or 2014 is from farming or fishing, your required annual payment is the smaller of: 662/3% (. Tax credits for students 6667) of your total tax for 2014, or 100% of the total tax shown on your 2013 return. Tax credits for students (Your 2013 tax return must cover all 12 months. Tax credits for students )   For definitions of “gross income from farming” and “gross income from fishing,” see Farmers and Fishermen , under Special Rules discussed earlier. Tax credits for students Total tax for 2013—line 14b. Tax credits for students   Your 2013 total tax, if you filed Form 1040, is the amount on line 61 reduced by the following. Tax credits for students Unreported social security and Medicare tax or RRTA tax from Forms 4137 or 8919 (line 57). Tax credits for students The following amounts from Form 5329 included on line 58. Tax credits for students Any tax on excess contributions to IRAs, Archer MSAs, Coverdell education savings accounts, and health savings accounts. Tax credits for students Any tax on excess accumulations in qualified retirement plans. Tax credits for students The following write-ins on line 60. Tax credits for students Excise tax on excess golden parachute payments (identified as “EPP”). Tax credits for students Excise tax on insider stock compensation from an expatriated corporation (identified as “ISC”). Tax credits for students Look-back interest due under section 167(g) (identified as “From Form 8866”). Tax credits for students Look-back interest due under section 460(b) (identified as “From Form 8697”). Tax credits for students Recapture of federal mortgage subsidy (identified as “FMSR”). Tax credits for students Additional tax on advance payments of health coverage tax credit when not eligible (identified as “HCTC”). Tax credits for students Uncollected social security and Medicare tax or RRTA tax on tips or group-term life insurance (identified as “UT”). Tax credits for students Any refundable credit amounts. Tax credits for students   If you filed Form 1040A, your 2013 total tax is the amount on line 35 reduced by any refundable credits. Tax credits for students   If you filed Form 1040EZ, your 2013 total tax is the amount on line 10 reduced by the amount on line 8a. Tax credits for students Total Estimated Tax Payments Needed—Line 16a Use lines 15 and 16a to figure the total estimated tax you may be required to pay for 2014. Tax credits for students Subtract your expected withholding from your required annual payment (line 14c). Tax credits for students You usually must pay this difference in four equal installments. Tax credits for students See When To Pay Estimated Tax and How To Figure Each Payment . Tax credits for students You do not have to pay estimated tax if: Line 14c minus line 15 is zero or less, or Line 13c minus line 15 is less than $1,000. Tax credits for students Withholding—line 15. Tax credits for students   Your expected withholding for 2014 (line 15) includes the income tax you expect to be withheld from all sources (wages, pensions and annuities, etc. Tax credits for students ). Tax credits for students It includes excess social security, and tier 1 railroad retirement tax you expect to be withheld from your wages and compensation. Tax credits for students For this purpose, you will have excess social security or tier 1 railroad retirement tax withholding for 2014 only if your wages and compensation from two or more employers are more than $117,000. Tax credits for students See Excess Social Security or Railroad Retirement Tax Withholding in chapter 3. Tax credits for students   It also includes Additional Medicare Tax you expect to be withheld from your wages or compensation. Tax credits for students Your employer is responsible for withholding the 0. Tax credits for students 9% Additional Medicare Tax on Medicare wages or RRTA compensation it pays to you in excess of $200,000. Tax credits for students When To Pay Estimated Tax For estimated tax purposes, the year is divided into four payment periods. Tax credits for students Each period has a specific payment due date. Tax credits for students If you do not pay enough tax by the due date of each of the payment periods, you may be charged a penalty even if you are due a refund when you file your income tax return. Tax credits for students If a payment is mailed, the date of the U. Tax credits for students S. Tax credits for students postmark is considered the date of payment. Tax credits for students The payment periods and due dates for estimated tax payments are shown next. Tax credits for students For exceptions to the dates listed, see Saturday, Sunday, holiday rule below. Tax credits for students For the period: Due date: Jan. Tax credits for students 11 – March 31 April 15 April 1 – May 31 June 16 June 1 – August 31 September 15 Sept. Tax credits for students 1 – Dec. Tax credits for students 31 January 15  next year2 1If your tax year does not begin on January 1,  see Fiscal year taxpayers . Tax credits for students 2See January payment . Tax credits for students Saturday, Sunday, holiday rule. Tax credits for students   If the due date for an estimated tax payment falls on a Saturday, Sunday, or legal holiday, the payment will be on time if you make it on the next day that is not a Saturday, Sunday, or a holiday. Tax credits for students January payment. Tax credits for students   If you file your 2014 Form 1040 or Form 1040A by February 2, 2015, and pay the rest of the tax you owe, you do not need to make the payment due on January 15, 2015. Tax credits for students Example. Tax credits for students Janet Adams does not pay any estimated tax for 2014. Tax credits for students She files her 2014 income tax return and pays the balance due shown on her return on January 26, 2015. Tax credits for students Janet's estimated tax for the fourth payment period is considered to have been paid on time. Tax credits for students However, she may owe a penalty for not making the first three estimated tax payments, if required. Tax credits for students Any penalty for not making those payments will be figured up to January 26, 2015. Tax credits for students Fiscal year taxpayers. Tax credits for students   If your tax year does not start on January 1, your payment due dates are: The 15th day of the 4th month of your fiscal year, The 15th day of the 6th month of your fiscal year, The 15th day of the 9th month of your fiscal year, and The 15th day of the 1st month after the end of your fiscal year. Tax credits for students   You do not have to make the last payment listed above if you file your income tax return by the last day of the first month after the end of your fiscal year and pay all the tax you owe with your return. Tax credits for students When To Start You do not have to make estimated tax payments until you have income on which you will owe income tax. Tax credits for students If you have income subject to estimated tax during the first payment period, you must make your first payment by the due date for the first payment period. Tax credits for students You have several options when paying estimated taxes. Tax credits for students You can: apply an overpayment from the previous tax year, pay all your estimated tax by the due date of your first payment, or pay it in installments. Tax credits for students If you choose to pay in installments, make your first payment by the due date for the first payment period. Tax credits for students Make your remaining installment payments by the due dates for the later periods. Tax credits for students To avoid any estimated tax penalties, all installments must be paid by their due date and for the required amount. Tax credits for students No income subject to estimated tax during first period. Tax credits for students   If you do not have income subject to estimated tax until a later payment period, you must make your first payment by the due date for that period. Tax credits for students You can pay your entire estimated tax by the due date for that period or you can pay it in installments by the due date for that period and the due dates for the remaining periods. Tax credits for students Table 2-1 shows the dates for making installment payments. Tax credits for students    Table 2-1. Tax credits for students Due Dates for Estimated Tax Installment Payments If you first have income on which you must pay estimated tax: Make a payment  by:* Make later  installments  by:* Before April 1 April 15 June 16     Sept. Tax credits for students 15     Jan. Tax credits for students 15 next year April 1–May 31 June 16 Sept. Tax credits for students 15     Jan. Tax credits for students 15 next year June 1–Aug. Tax credits for students 31 Sept. Tax credits for students 15 Jan. Tax credits for students 15 next year After Aug. Tax credits for students 31 Jan. Tax credits for students 15 next year (None) *See January payment and Saturday, Sunday, holiday rule . Tax credits for students How much to pay to avoid penalty. Tax credits for students   To determine how much you should pay by each payment due date, see How To Figure Each Payment , later. Tax credits for students Farmers and Fishermen If at least two-thirds of your gross income for 2013 or 2014 is from farming or fishing, you have only one payment due date for your 2014 estimated tax, January 15, 2015. Tax credits for students The due dates for the first three payment periods, discussed under When To Pay Estimated Tax , earlier, do not apply to you. Tax credits for students If you file your 2014 Form 1040 by March 2, 2015, and pay all the tax you owe at that time, you do not need to make an estimated tax payment. Tax credits for students Fiscal year farmers and fishermen. Tax credits for students   If you are a farmer or fisherman, but your tax year does not start on January 1, you can either: Pay all your estimated tax by the 15th day after the end of your tax year, or File your return and pay all the tax you owe by the 1st day of the 3rd month after the end of your tax year. Tax credits for students How To Figure Each Payment After you have figured your total estimated tax, figure how much you must pay by the due date of each payment period. Tax credits for students You should pay enough by each due date to avoid a penalty for that period. Tax credits for students If you do not pay enough during any payment period, you may be charged a penalty even if you are due a refund when you file your tax return. Tax credits for students The penalty is discussed in chapter 4. Tax credits for students Regular Installment Method If your first estimated tax payment is due April 15, 2014, you can figure your required payment for each period by dividing your annual estimated tax due (line 16a of the 2014 Estimated Tax Worksheet (Worksheet 2-1)) by 4. Tax credits for students Enter this amount on line 17. Tax credits for students However, use this method only if your income is basically the same throughout the year. Tax credits for students Change in estimated tax. Tax credits for students   After you make an estimated tax payment, changes in your income, adjustments, deductions, credits, or exemptions may make it necessary for you to refigure your estimated tax. Tax credits for students Pay the unpaid balance of your amended estimated tax by the next payment due date after the change or in installments by that date and the due dates for the remaining payment periods. Tax credits for students If you do not receive your income evenly throughout the year, your required estimated tax payments may not be the same for each period. Tax credits for students See Annualized Income Installment Method . Tax credits for students Amended estimated tax. Tax credits for students If you refigure your estimated tax during the year, or if your first estimated tax payment is due after April 15, 2014, figure your required payment for each remaining payment period using Worksheet 2-14. Tax credits for students Example. Tax credits for students Early in 2014, Mira Roberts figures that her estimated tax due is $1,800. Tax credits for students She makes estimated tax payments on April 15 and June 16 of $450 each ($1,800 ÷ 4). Tax credits for students On July 10, she sells investment property at a gain. Tax credits for students Her refigured estimated tax is $4,100. Tax credits for students Her required estimated tax payment for the third payment period is $2,175, as shown in her filled-in Worksheet 2-14. Tax credits for students If Mira's estimated tax does not change again, her required estimated tax payment for the fourth payment period will be $1,025. Tax credits for students Worksheet 2-14. Tax credits for students Amended Estimated Tax Worksheet—Illustrated               1. Tax credits for students Amended total estimated tax due 1. Tax credits for students $4,100 2. Tax credits for students Multiply line 1 by:           50% (. Tax credits for students 50) if next payment is due June 16, 2014           75% (. Tax credits for students 75) if next payment is due September 15,  2014           100% (1. Tax credits for students 00) if next payment is due January 15,  2015 2. Tax credits for students 3,075     3. Tax credits for students Estimated tax payments for all previous periods 3. Tax credits for students 900     4. Tax credits for students Next required payment: Subtract line 3 from line 2 and enter the result (but not less than zero) here and on your payment voucher for your next required payment 4. Tax credits for students $2,175       Note. Tax credits for students If the payment on line 4 is due January 15, 2015, stop here. Tax credits for students Otherwise, go to line 5. Tax credits for students         5. Tax credits for students Add lines 3 and 4 5. Tax credits for students 3,075 6. Tax credits for students Subtract line 5 from line 1 and enter the result (but not less than zero) 6. Tax credits for students 1,025 7. Tax credits for students Each following required payment: If the payment on line 4 is due June 16, 2014, enter one-half of the amount on line 6 here and on the payment vouchers for your payments due September 15, 2014, and January 15, 2015. Tax credits for students If the amount on line 4 is due September 15, 2014, enter the amount from line 6 here and on the payment voucher for your payment due January 15, 2015 7. Tax credits for students $1,025 Worksheet 2-14. Tax credits for students Amended Estimated Tax Worksheet—Blank               1. Tax credits for students Amended total estimated tax due 1. Tax credits for students   2. Tax credits for students Multiply line 1 by:           50% (. Tax credits for students 50) if next payment is due June 16, 2014           75% (. Tax credits for students 75) if next payment is due September 15,  2014           100% (1. Tax credits for students 00) if next payment is due January 15,  2015 2. Tax credits for students       3. Tax credits for students Estimated tax payments for all previous periods 3. Tax credits for students       4. Tax credits for students Next required payment: Subtract line 3 from line 2 and enter the result (but not less than zero) here and on your payment voucher for your next required payment 4. Tax credits for students         Note. Tax credits for students If the payment on line 4 is due January 15, 2015, stop here. Tax credits for students Otherwise, go to line 5. Tax credits for students         5. Tax credits for students Add lines 3 and 4 5. Tax credits for students   6. Tax credits for students Subtract line 5 from line 1 and enter the result (but not less than zero) 6. Tax credits for students   7. Tax credits for students Each following required payment: If the payment on line 4 is due June 16, 2014, enter one-half of the amount on line 6 here and on the payment vouchers for your payments due September 15, 2014, and January 15, 2015. Tax credits for students If the amount on line 4 is due September 15, 2014, enter the amount from line 6 here and on the payment voucher for your payment due January 15, 2015 7. Tax credits for students   Underpayment penalty. Tax credits for students   The penalty is figured separately for each payment period. Tax credits for students If you figure your payments using the regular installment method and later refigure your payments because of an increase in income, you may be charged a penalty for underpayment of estimated tax for the period(s) before you changed your payments. Tax credits for students To see how you may be able to avoid or reduce this penalty, see Annualized Income Installment Method (Schedule AI) in chapter 4. Tax credits for students Annualized Income Installment Method If you do not receive your income evenly throughout the year (for example, your income from a repair shop you operate is much larger in the summer than it is during the rest of the year), your required estimated tax payment for one or more periods may be less than the amount figured using the regular installment method. Tax credits for students The annualized income installment method annualizes your tax at the end of each period based on a reasonable estimate of your income, deductions, and other items relating to events that occurred from the beginning of the tax year through the end of the period. Tax credits for students To see whether you can pay less for any period, complete the 2014 Annualized Estimated Tax Worksheet (Worksheet 2-9). Tax credits for students You first must complete the 2014 Estimated Tax Worksheet (Worksheet 2-1) through line 16b. Tax credits for students Use the result you figure on line 32 of Worksheet 2-9 to make your estimated tax payments and complete your payment vouchers. Tax credits for students Note. Tax credits for students If you use the annualized income installment method to figure your estimated tax payments, you must file Form 2210 with your 2014 tax return. Tax credits for students See Annualized Income Installment Method (Schedule AI) in chapter 4 for more information. Tax credits for students Instructions for the 2014 Annualized Estimated Tax Worksheet (Worksheet 2-9) Use Worksheet 2-9 to help you follow these instructions. Tax credits for students The purpose of this worksheet is to determine your estimated tax liability as your income accumulates throughout the year, rather than dividing your entire year's estimated tax liability by four as if your income was earned equally throughout the year. Tax credits for students The top of the worksheet shows the dates for each payment period. Tax credits for students The periods build; that is, each period includes all previous periods. Tax credits for students After the end of each payment period, complete the corresponding worksheet column to figure the payment due for that period. Tax credits for students Line 1. Tax credits for students   Enter your AGI for the period. Tax credits for students This is your gross income for the period, including your share of partnership or S corporation income or loss, minus your adjustments to income for that period. Tax credits for students See Expected AGI—Line 1 , earlier. Tax credits for students Self-employment income. Tax credits for students   If you had self-employment income, first complete Section B of this worksheet. Tax credits for students Use the amounts on line 43 when figuring your expected AGI to enter in each column of Section A, line 1. Tax credits for students Line 4. Tax credits for students   Be sure to consider all deduction limits figured on Schedule A (Form 1040), such as reducing your medical expenses by 10% (7. Tax credits for students 5% if either you or your spouse was born before January 2, 1950) or reducing certain miscellaneous deductions by 2% of your AGI. Tax credits for students Figure your deduction limits using your expected AGI in the corresponding column of line 1 (2014 Annualized Estimated Tax Worksheet (Worksheet 2-9)). Tax credits for students Line 6. Tax credits for students   Multiply line 4 by line 5 and enter the result on line 6 unless line 3 is more than $305,050 if married filing jointly or qualifying widow(er), $279,650 if head of household, $254,200 if single, or $152,525 if married filing separately. Tax credits for students In that case, use Worksheet 2-10 to figure the amount to enter on line 6. Tax credits for students Complete Worksheet 2–10 for each period, as necessary. Tax credits for students Line 7. Tax credits for students   If you will not itemize your deductions, use Worksheet 2-4 to figure your standard deduction. Tax credits for students Line 10. Tax credits for students   Multiply $3,950 by your total expected exemptions and enter the result on line 10 unless line 3 is more than $305,050 if married filing jointly or qualifying widow(er), $279,650 if head of household, $254,200 if single, or $152,525 if married filing separately. Tax credits for students   In that case, use Worksheet 2-11 to figure the amount to enter on line 10. Tax credits for students Line 12. Tax credits for students   Generally, you will use the Tax Rate Schedules to figure the tax on your annualized income. Tax credits for students However, see below for situations where you must use a different method to compute your estimated tax. Tax credits for students Tax on child's investment income. Tax credits for students   You must use a special method to figure tax on the income of the following children who have more than $2,000 of investment income. Tax credits for students Children under age 18 at the end of 2014. Tax credits for students The following children if their earned income is not more than half their support. Tax credits for students Children age 18 at the end of 2014. Tax credits for students Children who are full-time students over age 18 and under age 24 at the end of 2014. Tax credits for students See Publication 929. Tax credits for students Tax on net capital gain. Tax credits for students   The regular income tax rates for individuals do not apply to a net capital gain. Tax credits for students Instead, your net capital gain is taxed at a lower maximum rate. Tax credits for students   The term “net capital gain” means the amount by which your net long-term capital gain for the year is more than your net short-term capital loss. Tax credits for students Tax on qualified dividends and capital gains. Tax credits for students   For 2014, your capital gain and dividends rate will depend on your income. Tax credits for students Tax on capital gain or qualified dividends. Tax credits for students If the amount on line 1 includes a net capital gain or qualified dividends, use Worksheet 2-12 to figure the amount to enter on line 12. Tax credits for students Tax if excluding foreign earned income or excluding or deducting foreign housing. Tax credits for students If you expect to claim the foreign earned income exclusion or the housing exclusion or deduction on Form 2555 or Form 2555-EZ, use Worksheet 2-13 to figure the amount to enter on line 12. Tax credits for students Line 13. Tax credits for students   If you file Form 1040, add the tax from Forms 8814, 4972, and 6251 for the period. Tax credits for students If you file Form 1040A, add the amount from the Alternative Minimum Tax Worksheet found in the instructions. Tax credits for students Also include any recapture of an education credit for each period. Tax credits for students You may owe this tax if you claimed an education credit in an earlier year and you received either tax-free educational assistance or a refund of qualifying expenses for the same student after filing your 2013 return. Tax credits for students   Use the 2013 forms or worksheets to see if you will owe any of the taxes discussed above. Tax credits for students Figure the tax based on your income and deductions during the period shown in the column headings. Tax credits for students Multiply this amount by the annualization amounts shown for each column on line 2 of the 2014 Annualized Estimated Tax Worksheet (Worksheet 2-9). Tax credits for students Enter the result on line 13 of this worksheet. Tax credits for students Line 15. Tax credits for students   Include all the nonrefundable credits you expect to claim because of events that will occur during the period. Tax credits for students Note. Tax credits for students When figuring your credits for each period, annualize any item of income or deduction to figure each credit. Tax credits for students For example, if you need to use your AGI to figure a credit, use line 3 of Worksheet 2-9 to figure the credit for each column. Tax credits for students Line 18. Tax credits for students   Add your expected other taxes. Tax credits for students   Other taxes include the following. Tax credits for students Additional tax on early distributions from: An IRA or other qualified retirement plan, A tax-sheltered annuity, or A modified endowment contract entered into after June 20, 1988. Tax credits for students Household employment taxes if: You will have federal income tax withheld from wages, pensions, annuities, gambling winnings, or other income, or You would be required to make estimated tax payments even if you did not include household employment taxes when figuring your estimated tax. Tax credits for students Amounts on Form 1040 written on the line for “other taxes” (line 60 on the 2013 Form 1040). Tax credits for students But do not include recapture of a federal mortgage subsidy; tax on excess golden parachute payments; look-back interest due under section 167(g) or 460(b) of the Internal Revenue Code; excise tax on insider stock compensation from an expatriated corporation; uncollected social security, Medicare, or RRTA tax on tips or group-term life insurance; or additional tax on advance payments of health coverage tax credit when not eligible. Tax credits for students Repayment of the first-time homebuyer credit if the home will cease to be your main home in 2014. Tax credits for students See Form 5405 for exceptions. Tax credits for students Additional Medicare Tax. Tax credits for students A 0. Tax credits for students 9% Additional Medicare Tax applies to your combined Medicare wages and self-employment income and/or your RRTA compensation that exceeds the amount listed in the following chart, based on your filing status. Tax credits for students Filing Status Threshold Amount Married filing jointly $250,000 Married filing separately $125,000 Single $200,000 Head of household $200,000 Qualifying Widow(er) $200,000 Medicare wages and self-employment income are combined to determine if your income exceeds the threshold. Tax credits for students A self-employment loss should not be considered for purposes of this tax. Tax credits for students RRTA compensation should be separately compared to the threshold. Tax credits for students Your employer is responsible for withholding the 0. Tax credits for students 9% Additional Medicare Tax on Medicare wages or RRTA compensation it pays you in excess of $200,000 in 2014. Tax credits for students You should consider this withholding, if applicable, in determining whether you need to make an estimated payment. Tax credits for students For more information on Additional Medicare Tax, go to IRS. Tax credits for students gov and enter “Additional Medicare Tax” in the search box. Tax credits for students Net Investment Income Tax (NIIT). Tax credits for students The NIIT is 3. Tax credits for students 8% of the lesser of your net investment income or the excess of your modified adjusted gross income over a specified threshold amount. Tax credits for students Threshold amounts: Filing Status Threshold Amount Married filing jointly $250,000 Married filing separately $125,000 Single $200,000 Head of household $200,000 Qualifying Widow(er) $250,000 For more information on Net Investment Income Tax, go to IRS. Tax credits for students gov and enter “Net Investment Income Tax” in the search box. Tax credits for students Line 20. Tax credits for students   Include all the refundable credits (other than withholding credits) you can claim because of events that occurred during the period. Tax credits for students Note. Tax credits for students When figuring your refundable credits for each period, annualize any item of income or deduction used to figure each credit. Tax credits for students Line 29. Tax credits for students   If line 28 is smaller than line 25 and you are not certain of the estimate of your 2014 tax, you can avoid a penalty by entering the amount from line 25 on line 29. Tax credits for students Line 31. Tax credits for students   For each period, include estimated tax payments made and any excess social security and railroad retirement tax. Tax credits for students   Also include estimated federal income tax withholding. Tax credits for students One-fourth of your estimated withholding is considered withheld on the due date of each payment period. Tax credits for students To figure the amount to include on line 31 for each period, multiply your total expected withholding for 2014 by: 25% (. Tax credits for students 25) for the first period, 50% (. Tax credits for students 50) for the second period, 75% (. Tax credits for students 75) for the third period, and 100% (1. Tax credits for students 00) for the fourth period. Tax credits for students   However, you may choose to include your withholding according to the actual dates on which the amounts will be withheld. Tax credits for students For each period, include withholding made from the beginning of the period up to and including the payment due date. Tax credits for students You can make this choice separately for the taxes withheld from your wages and all other withholding. Tax credits for students For an explanation of what to include in withholding, see Total Estimated Tax Payments Needed—Line 16a , earlier. Tax credits for students Nonresident aliens. Tax credits for students   If you will file Form 1040NR and you do not receive wages as an employee subject to U. Tax credits for students S. Tax credits for students income tax withholding, the instructions for the worksheet are modified as follows. Tax credits for students Skip column (a). Tax credits for students On line 1, enter your income for the period that is effectively connected with a U. Tax credits for students S. Tax credits for students trade or business. Tax credits for students On line 21, increase your entry by the amount determined by multiplying your income for the period that is not effectively connected with a U. Tax credits for students S. Tax credits for students trade or business by the following. Tax credits for students 72% for column (b). Tax credits for students 45% for column (c). Tax credits for students 30% for column (d). Tax credits for students However, if you can use a treaty rate lower than 30%, use the percentages determined by multiplying your treaty rate by 2. Tax credits for students 4, 1. Tax credits for students 5, and 1, respectively. Tax credits for students On line 26, enter one-half of the amount from line 16c of the Form 1040-ES (NR) 2014 Estimated Tax Worksheet in column (b), and one-fourth in columns (c) and (d) of Worksheet 2-9. Tax credits for students On lines 24 and 27, skip column (b). Tax credits for students On line 31, if you do not use the actual withholding method, include one-half of your total expected withholding in column (b) and one-fourth in columns (c) and (d). Tax credits for students See Publication 519 for more information. Tax credits for students Estimated Tax Payments Not Required You do not have to pay estimated tax if your withholding in each payment period is at least as much as: One-fourth of your required annual payment, or Your required annualized income installment for that period. Tax credits for students You also do not have to pay estimated tax if you will pay enough through withholding to keep the amount you will owe with your return under $1,000. Tax credits for students How To Pay Estimated Tax There are several ways to pay estimated tax. Tax credits for students Credit an overpayment on your 2013 return to your 2014 estimated tax. Tax credits for students Pay by direct transfer from your bank account, or pay by credit or debit card using a pay-by-phone system or the Internet. Tax credits for students Send in your payment (check or money order) with a payment voucher from Form 1040-ES. Tax credits for students Credit an Overpayment If you show an overpayment of tax after completing your Form 1040 or Form 1040A for 2013, you can apply part or all of it to your estimated tax for 2014. Tax credits for students On Form 1040, or Form 1040A, enter the amount you want credited to your estimated tax rather than refunded. Tax credits for students Take the amount you have credited into account when figuring your estimated tax payments. Tax credits for students If you timely file your 2013 return, treat the credit as a payment made on April 15, 2014. Tax credits for students If you are a beneficiary of an estate or trust, and the trustee elects to credit 2014 trust payments of estimated tax to you, you can treat the amount credited as paid by you on January 15, 2015. Tax credits for students If you choose to have an overpayment of tax credited to your estimated tax, you cannot have any of that amount refunded to you until you file your tax return for the following year. Tax credits for students You also cannot use that overpayment in any other way. Tax credits for students Example. Tax credits for students When Kathleen finished filling out her 2013 tax return, she saw that she had overpaid her taxes by $750. Tax credits for students Kathleen knew she would owe additional tax in 2014. Tax credits for students She credited $600 of the overpayment to her 2014 estimated tax and had the remaining $150 refunded to her. Tax credits for students In September, she amended her 2013 return by filing Form 1040X, Amended U. Tax credits for students S. Tax credits for students Individual Income Tax Return. Tax credits for students It turned out that she owed $250 more in tax than she had thought. Tax credits for students This reduced her 2013 overpayment from $750 to $500. Tax credits for students Because the $750 had already been applied to her 2014 estimated tax or refunded to her, the IRS billed her for the additional $250 she owed, plus penalties and interest. Tax credits for students Kathleen could not use any of the $600 she had credited to her 2014 estimated tax to pay this bill. Tax credits for students Pay Online Paying online is convenient and secure and helps make sure we get your payments on time. Tax credits for students You can make your estimated tax payments online when you e-file or at any time during the year. Tax credits for students You can pay using either of the following electronic payment methods. Tax credits for students Direct transfer from your bank account. Tax credits for students Credit or debit card. Tax credits for students To pay your taxes online or for more information, go to www. Tax credits for students irs. Tax credits for students gov/e-pay. Tax credits for students Pay by Phone Paying by phone is another safe and secure method of paying electronically. Tax credits for students Use one of the following methods. Tax credits for students Direct transfer from your bank account. Tax credits for students Credit or debit card. Tax credits for students To pay by direct transfer from your bank account, call EFTPS Customer Service at 1-800-555-4477 (English), 1-800-244-4829 (Espanol), or TTY/TDD 1-800-733-4829. Tax credits for students To pay using a credit or debit card, you can call one of the following service providers. Tax credits for students There is a convenience fee charged by these providers that varies by provider, card type, and payment amount. Tax credits for students WorldPay 1-888-9-PAY-TAXTM (1-888-972-9829) www. Tax credits for students payUSAtax. Tax credits for students com Official Payments Corporation 1-888-UPAY-TAXTM (1-888-872-9829) www. Tax credits for students officialpayments. Tax credits for students com Link2GOV Corporation 1-888-PAY-1040TM (1-888-729-1040) www. Tax credits for students PAY1040. Tax credits for students com For the latest details on how to pay by phone, go to www. Tax credits for students irs. Tax credits for students gov/e-pay. Tax credits for students Pay by Check or Money Order Using the Estimated Tax Payment Voucher Each payment of estimated tax by check or money order must be accompanied by a payment voucher from Form 1040-ES. Tax credits for students If you use your own envelopes (and not the window envelope that comes with the 1040-ES package), make sure you mail your payment vouchers to the address shown in the Form 1040-ES instructions for the place where you live. Tax credits for students Do not use the address shown in the Form 1040 or Form 1040A instructions. Tax credits for students If you did not pay estimated tax last year, get a copy of Form 1040-ES from the IRS (see chapter 5). Tax credits for students Follow the instructions to make sure you use the vouchers correctly. Tax credits for students Joint estimated tax payments. Tax credits for students    If you file a joint return and are making joint estimated tax payments, enter the names and social security numbers on the payment voucher in the same order as they will appear on the joint return. Tax credits for students Change of address. Tax credits for students    You must notify the IRS if you are making estimated tax payments and you changed your address during the year. Tax credits for students Complete Form 8822, Change of Address, and mail it to the address shown in the instructions for that form. Tax credits for students Worksheets for Chapter 2 Use the following worksheets and tables to figure your correct estimated tax. Tax credits for students IF you need. Tax credits for students . Tax credits for students . Tax credits for students THEN use. Tax credits for students . Tax credits for students . Tax credits for students 2014 Tax Rate Schedules   the 2014 Estimated Tax Worksheet Worksheet 2-1 to estimate your taxable social security and railroad retirement benefits—line 1 of ES Worksheet (or Annualized ES Worksheet (Worksheet 2-9)) Worksheet 2-2 to estimate your self-employment (SE) tax and your deduction for SE tax—lines 1 and 11 of ES Worksheet (lines 1 and 17 of Annualized ES Worksheet (Worksheet 2-9)) Worksheet 2-3 to estimate your standard deduction—line 2 of ES Worksheet (line 7 of Annualized ES Worksheet (Worksheet 2-9)) Worksheet 2-4 to reduce your itemized deductions because your estimated AGI is more than $152,525—line 2 of ES Worksheet Worksheet 2-5 to reduce your exemption amount because your estimated AGI is more than $152,525—line 4 of ES Worksheet Worksheet 2-6 to estimate your income tax if line 1 of your ES Worksheet includes a net capital gain or qualified dividends—line 6 of ES Worksheet Worksheet 2-7 to estimate your income tax if you expect to claim a foreign earned income exclusion or foreign housing exclusion or deduction on Form 2555 or Form 2555-EZ—line 6 of ES Worksheet Worksheet 2-8 the 2014 Annualized Estimated Tax Worksheet (Annualized ES Worksheet) Worksheet 2-9 to reduce your itemized deductions because your estimated annualized AGI is more than $152,525—line 6 of Annualized ES Worksheet Worksheet 2-10 to reduce your exemption amount because your estimated annualized AGI is more than $152,525—line 10 of Annualized ES Worksheet Worksheet 2-11 to estimate your income tax if line 1 of your Annualized ES Worksheet includes a net capital gain or qualified dividends—line 12 of Annualized ES Worksheet Worksheet 2-12 to estimate your income tax if you expect to claim a foreign earned income exclusion or foreign housing exclusion or deduction on Form 2555 or Form 2555-EZ—line 12 of Annualized ES Worksheet Worksheet 2-13 to refigure (amend) your estimated tax during the year Worksheet 2-14 2014 Tax Rate Schedules Do not use these Tax Rate Schedules to figure your 2013 taxes. Tax credits for students Use them only to figure your 2014 estimated taxes. Tax credits for students Schedule X—Use if your 2014 filing status is  Single Schedule Z—Use if your 2014 filing status is Head of household If line 5 is: The tax is:     If line 5 is: The tax is:     Over— But not  over—         of the  amount  over— Over— But not  over—         of the  amount  over— $0 $9,075     10. Tax credits for students 0%   $0 $0 $12,950     10. Tax credits for students 0%   $0 9,075 36,900 $907. Tax credits for students 50 + 15. Tax credits for students 0%   9,075 12,950 49,400 $1,295. Tax credits for students 00 + 15. Tax credits for students 0%   12,950 36,900 89,350 5,081. Tax credits for students 25 + 25. Tax credits for students 0%   36,900 49,400 127,550 6,762. Tax credits for students 50 + 25. Tax credits for students 0%   49,400 89,350 186,350 18,193. Tax credits for students 75 + 28. Tax credits for students 0%   89,350 127,550 206,600 26,300. Tax credits for students 00 + 28. Tax credits for students 0%   127,550 186,350 405,100 45,353. Tax credits for students 75 + 33. Tax credits for students 0%   186,350 206,600 405,100 48,434. Tax credits for students 00 + 33. Tax credits for students 0%   206,600 405,100 406,750 117,541. Tax credits for students 25 + 35. Tax credits for students 0%   405,100 405,100 432,200 113,939. Tax credits for students 00 + 35. Tax credits for students 0%   405,100 406,750 - - - - - - 118,118. Tax credits for students 75 + 39. Tax credits for students 6%   406,750 432,200 - - - - - - 123,424. Tax credits for students 00 + 39. Tax credits for students 6%   432,200 Schedule Y-1—Use if your 2014 filing status is Married filing jointly or Qualifying widow(er) Schedule Y-2—Use if your 2014 filing status is  Married filing separately If line 5 is: The tax is:     If line 5 is: The tax is:     Over— But not  over—         of the  amount  over— Over— But not  over—         of the  amount  over— $0 $18,150     10. Tax credits for students 0%   $0 $0 $9,075     10. Tax credits for students 0%   $0 18,150 73,800 $1,815. Tax credits for students 00 + 15. Tax credits for students 0%   18,150 9,075 36,900 $907. Tax credits for students 50 + 15. Tax credits for students 0%   9,075 73,800 148,850 10,162. Tax credits for students 50 + 25. Tax credits for students 0%   73,800 36,900 74,425 5,081. Tax credits for students 25 + 25. Tax credits for students 0%   36,900 148,850 226,850 28,925. Tax credits for students 00 + 28. Tax credits for students 0%   148,850 74,425 113,425 14,462. Tax credits for students 50 + 28. Tax credits for students 0%   74,425 226,850 405,100 50,765. Tax credits for students 00 + 33. Tax credits for students 0%   226,850 113,425 202,550 25,382. Tax credits for students 50 + 33. Tax credits for students 0%   113,425 405,100 457,600 109,587. Tax credits for students 50 + 35. Tax credits for students 0%   405,100 202,550 228,800 54,793. Tax credits for students 75 + 35. Tax credits for students 0%   202,550 457,600 - - - - - - 127,962. Tax credits for students 50 + 39. Tax credits for students 6%   457,600 228,800 - - - - - - 63,981. Tax credits for students 25 + 39. Tax credits for students 6%   228,800                             Worksheet 2-1. Tax credits for students 2014 Estimated Tax Worksheet When this worksheet refers you to instructions, you can find those instructions in the Instructions for 2014 Form 1040-ES. Tax credits for students 1 Adjusted gross income you expect in 2014 (see instructions) 1     2 If you plan to itemize deductions, enter the estimated total of your itemized deductions. Tax credits for students  Caution: If line 1 is over $152,525, your deduction may be reduced. Tax credits for students See Worksheet 2-5. Tax credits for students If you do not plan to itemize deductions, enter your standard deduction. Tax credits for students 2     3 Subtract line 2 from line 1 3     4 Exemptions. Tax credits for students Multiply $3,950 by the number of personal exemptions. Tax credits for students  Caution: If line 1 is over $152,525, the amount of your personal exemptions may be limited. Tax credits for students See Worksheet 2-6. Tax credits for students 4     5 Subtract line 4 from line 3 5     6 Tax. Tax credits for students Figure your tax on the amount on line 5 by using the 2014 Tax Rate Schedules Caution: If you will have qualified dividends or a net capital gain, or expect to exclude or deduct foreign earned income or housing, see Worksheets 2-7 and 2-8 to figure the tax 6     7 Alternative minimum tax from Form 6251 or included on Form 1040A, line 28 7     8 Add lines 6 and 7. Tax credits for students Add to this amount any other taxes you expect to include in the total on Form 1040, line 44 8     9 Credits (see instructions). Tax credits for students Do not include any income tax withholding on this line 9     10 Subtract line 9 from line 8. Tax credits for students If zero or less, enter -0- 10     11 Self-employment tax (see instructions) 11     12 Other taxes including, if applicable, Additional Medicare Tax and/or NIIT (see instructions) 12     13a Add lines 10 through 12 13a     b Earned income credit, additional child tax credit, fuel tax credit, and refundable American opportunity credit 13b     c Total 2014 estimated tax. Tax credits for students Subtract line 13b from line 13a. Tax credits for students If zero or less, enter -0- ▶ 13c     14a Multiply line 13c by 90% (662/3% for farmers and fishermen) 14a           b Required annual payment based on prior year's tax (see instructions) 14b           c Required annual payment to avoid a penalty. Tax credits for students Enter the smaller of line 14a or 14b ▶ 14c        Caution: Generally, if you do not prepay (through income tax withholding and estimated tax payments) at least the amount on line 14c, you may owe a penalty for not paying enough estimated tax. Tax credits for students To avoid a penalty, make sure your estimate on line 13c is as accurate as possible. Tax credits for students Even if you pay the required annual payment, you may still owe tax when you file your return. Tax credits for students If you prefer, you can pay the amount shown on line 13c. Tax credits for students                         15 Income tax withheld and estimated to be withheld during 2014 (including income tax withholding on pensions, annuities, certain deferred income, etc. Tax credits for students ) 15     16a Subtract line 15 from line 14c 16a             Is the result zero or less? □ Yes. Tax credits for students Stop here. Tax credits for students You are not required to make estimated tax payments. Tax credits for students  □ No. Tax credits for students Go to line 16b. Tax credits for students             b Subtract line 15 from line 13c 16b             Is the result less than $1,000? □ Yes. Tax credits for students Stop here. Tax credits for students You are not required to make estimated tax payments. Tax credits for students  □ No. Tax credits for students Go to line 17 to figure your required payment. Tax credits for students                         17 If the first payment you are required to make is due April 15, 2014, enter ¼ of line 16a (minus any 2013 overpayment that you are applying to this installment) here, and on your estimated tax payment voucher(s) if you are paying by check or money order 17     Worksheet 2-2. Tax credits for students 2014 Estimated Tax Worksheet—Line 1 Estimated Taxable Social Security and Railroad Retirement Benefits Note. Tax credits for students If you are using this worksheet to estimate your taxable social security or railroad retirement benefits for Worksheet 2-9, 2014 Annualized Estimated Tax Worksheet, multiply the expected amount of benefits for each period by the annualization amount shown on Worksheet 2-9, line 2, for the same period before entering it on line 1 below. Tax credits for students     1. Tax credits for students Enter your expected social security and railroad retirement benefits 1. Tax credits for students   2. Tax credits for students Enter one-half of line 1 2. Tax credits for students   3. Tax credits for students Enter your expected total income. Tax credits for students Do not include any social security and railroad retirement benefits, nontaxable interest income, nontaxable IRA distributions, or nontaxable pension distributions 3. Tax credits for students   4. Tax credits for students Enter your expected nontaxable interest income 4. Tax credits for students   5. Tax credits for students Enter (as a positive amount) the total of any expected exclusions or deductions for: U. Tax credits for students S. Tax credits for students savings bond interest used for higher education expenses (Form 8815) Employer-provided adoption benefits (Form 8839) Foreign earned income or housing (Form 2555 or 2555-EZ) Income by bona fide residents of American Samoa (Form 4563) or Puerto Rico 5. Tax credits for students   6. Tax credits for students Add lines 2, 3, 4, and 5 6. Tax credits for students   7. Tax credits for students Enter your expected adjustments to income. Tax credits for students Do not include any student loan interest deduction 7. Tax credits for students   8. Tax credits for students Subtract line 7 from line 6. Tax credits for students If zero or less, stop here. Tax credits for students  Note. Tax credits for students Do not include any social security or railroad retirement benefits in the amount on line 1 of your 2014 Estimated Tax Worksheet (Worksheet 2-1) (or Annualized Estimated Tax Worksheet (Worksheet 2-9)) 8. Tax credits for students   9. Tax credits for students Enter $25,000 ($32,000 if you expect to file married filing jointly; $0 if you expect to file married filing separately and expect to live with your spouse at any time during the year) 9. Tax credits for students   10. Tax credits for students Subtract line 9 from line 8. Tax credits for students If zero or less, stop here. Tax credits for students  Note. Tax credits for students Do not include any social security or railroad retirement benefits in the amount on line 1 of your Worksheet 2-1 (or Annualized Estimated Tax Worksheet (Worksheet 2-9)) 10. Tax credits for students   11. Tax credits for students Enter $9,000 ($12,000 if you expect to file married filing jointly; $0 if you expect to file married filing separately and expect to live with your spouse at any time during the year) 11. Tax credits for students   12. Tax credits for students Subtract line 11 from line 10. Tax credits for students If zero or less, enter -0- 12. Tax credits for students   13. Tax credits for students Enter the smaller of line 10 or line 11 13. Tax credits for students   14. Tax credits for students Enter one-half of line 13 14. Tax credits for students   15