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Unemployed File Taxes

Unemployed file taxes Publication 969 - Main Content Table of Contents Health Savings Accounts (HSAs)Qualifying for an HSA Contributions to an HSA Distributions From an HSA Balance in an HSA Death of HSA Holder Filing Form 8889 Employer Participation Medical Savings Accounts (MSAs)Archer MSAs Contributions to an MSA Distributions From an MSA Balance in an Archer MSA Death of the Archer MSA Holder Filing Form 8853 Employer Participation Medicare Advantage MSAs Flexible Spending Arrangements (FSAs)Qualifying for an FSA Contributions to an FSA Distributions From an FSA Balance in an FSA Employer Participation Health Reimbursement Arrangements (HRAs)Qualifying for an HRA Contributions to an HRA Distributions From an HRA Balance in an HRA Employer Participation How To Get Tax HelpLow Income Taxpayer Clinics Health Savings Accounts (HSAs) A health savings account (HSA) is a tax-exempt trust or custodial account you set up with a qualified HSA trustee to pay or reimburse certain medical expenses you incur. Unemployed file taxes You must be an eligible individual to qualify for an HSA. Unemployed file taxes No permission or authorization from the IRS is necessary to establish an HSA. Unemployed file taxes You set up an HSA with a trustee. Unemployed file taxes A qualified HSA trustee can be a bank, an insurance company, or anyone already approved by the IRS to be a trustee of individual retirement arrangements (IRAs) or Archer MSAs. Unemployed file taxes The HSA can be established through a trustee that is different from your health plan provider. Unemployed file taxes Your employer may already have some information on HSA trustees in your area. Unemployed file taxes If you have an Archer MSA, you can generally roll it over into an HSA tax free. Unemployed file taxes See Rollovers, later. Unemployed file taxes What are the benefits of an HSA?   You may enjoy several benefits from having an HSA. Unemployed file taxes You can claim a tax deduction for contributions you, or someone other than your employer, make to your HSA even if you do not itemize your deductions on Form 1040. Unemployed file taxes Contributions to your HSA made by your employer (including contributions made through a cafeteria plan) may be excluded from your gross income. Unemployed file taxes The contributions remain in your account until you use them. Unemployed file taxes The interest or other earnings on the assets in the account are tax free. Unemployed file taxes Distributions may be tax free if you pay qualified medical expenses. Unemployed file taxes See Qualified medical expenses , later. Unemployed file taxes An HSA is “portable. Unemployed file taxes ” It stays with you if you change employers or leave the work force. Unemployed file taxes Qualifying for an HSA To be an eligible individual and qualify for an HSA, you must meet the following requirements. Unemployed file taxes You must be covered under a high deductible health plan (HDHP), described later, on the first day of the month. Unemployed file taxes You have no other health coverage except what is permitted under Other health coverage , later. Unemployed file taxes You are not enrolled in Medicare. Unemployed file taxes You cannot be claimed as a dependent on someone else's 2013 tax return. Unemployed file taxes Under the last-month rule, you are considered to be an eligible individual for the entire year if you are an eligible individual on the first day of the last month of your tax year (December 1 for most taxpayers). Unemployed file taxes If you meet these requirements, you are an eligible individual even if your spouse has non-HDHP family coverage, provided your spouse's coverage does not cover you. Unemployed file taxes If another taxpayer is entitled to claim an exemption for you, you cannot claim a deduction for an HSA contribution. Unemployed file taxes This is true even if the other person does not actually claim your exemption. Unemployed file taxes Each spouse who is an eligible individual who wants an HSA must open a separate HSA. Unemployed file taxes You cannot have a joint HSA. Unemployed file taxes High deductible health plan (HDHP). Unemployed file taxes   An HDHP has: A higher annual deductible than typical health plans, and A maximum limit on the sum of the annual deductible and out-of-pocket medical expenses that you must pay for covered expenses. Unemployed file taxes Out-of-pocket expenses include copayments and other amounts, but do not include premiums. Unemployed file taxes   An HDHP may provide preventive care benefits without a deductible or with a deductible less than the minimum annual deductible. Unemployed file taxes Preventive care includes, but is not limited to, the following. Unemployed file taxes Periodic health evaluations, including tests and diagnostic procedures ordered in connection with routine examinations, such as annual physicals. Unemployed file taxes Routine prenatal and well-child care. Unemployed file taxes Child and adult immunizations. Unemployed file taxes Tobacco cessation programs. Unemployed file taxes Obesity weight-loss programs. Unemployed file taxes Screening services. Unemployed file taxes This includes screening services for the following: Cancer. Unemployed file taxes Heart and vascular diseases. Unemployed file taxes Infectious diseases. Unemployed file taxes Mental health conditions. Unemployed file taxes Substance abuse. Unemployed file taxes Metabolic, nutritional, and endocrine conditions. Unemployed file taxes Musculoskeletal disorders. Unemployed file taxes Obstetric and gynecological conditions. Unemployed file taxes Pediatric conditions. Unemployed file taxes Vision and hearing disorders. Unemployed file taxes For more information on screening services, see Notice 2004-23, 2004-15 I. Unemployed file taxes R. Unemployed file taxes B. Unemployed file taxes 725 available at www. Unemployed file taxes irs. Unemployed file taxes gov/irb/2004-15_IRB/ar10. Unemployed file taxes html. Unemployed file taxes     The following table shows the minimum annual deductible and maximum annual deductible and other out-of-pocket expenses for HDHPs for 2013. Unemployed file taxes      Self-only coverage Family coverage Minimum annual deductible $1,250 $2,500 Maximum annual deductible and other out-of-pocket expenses* $6,250 $12,500 * This limit does not apply to deductibles and expenses for out-of-network services if the plan uses a network of providers. Unemployed file taxes Instead, only deductibles and out-of-pocket expenses for services within the network should be used to figure whether the limit applies. Unemployed file taxes    The following table shows the minimum annual deductible and maximum annual deductible and other out-of-pocket expenses for HDHPs for 2014. Unemployed file taxes      Self-only coverage Family coverage Minimum annual deductible $1,250 $2,500 Maximum annual deductible and other out-of-pocket expenses* $6,350 $12,700 * This limit does not apply to deductibles and expenses for out-of-network services if the plan uses a network of providers. Unemployed file taxes Instead, only deductibles and out-of-pocket expenses for services within the network should be used to figure whether the limit applies. Unemployed file taxes   Self-only HDHP coverage is an HDHP covering only an eligible individual. Unemployed file taxes Family HDHP coverage is an HDHP covering an eligible individual and at least one other individual (whether or not that individual is an eligible individual). Unemployed file taxes Example. Unemployed file taxes An eligible individual and his dependent child are covered under an “employee plus one” HDHP offered by the individual's employer. Unemployed file taxes This is family HDHP coverage. Unemployed file taxes Family plans that do not meet the high deductible rules. Unemployed file taxes   There are some family plans that have deductibles for both the family as a whole and for individual family members. Unemployed file taxes Under these plans, if you meet the individual deductible for one family member, you do not have to meet the higher annual deductible amount for the family. Unemployed file taxes If either the deductible for the family as a whole or the deductible for an individual family member is less than the minimum annual deductible for family coverage, the plan does not qualify as an HDHP. Unemployed file taxes Example. Unemployed file taxes You have family health insurance coverage in 2013. Unemployed file taxes The annual deductible for the family plan is $3,500. Unemployed file taxes This plan also has an individual deductible of $1,500 for each family member. Unemployed file taxes The plan does not qualify as an HDHP because the deductible for an individual family member is less than the minimum annual deductible ($2,500) for family coverage. Unemployed file taxes Other health coverage. Unemployed file taxes   You (and your spouse, if you have family coverage) generally cannot have any other health coverage that is not an HDHP. Unemployed file taxes However, you can still be an eligible individual even if your spouse has non-HDHP coverage provided you are not covered by that plan. Unemployed file taxes    You can have additional insurance that provides benefits only for the following items. Unemployed file taxes Liabilities incurred under workers' compensation laws, tort liabilities, or liabilities related to ownership or use of property. Unemployed file taxes A specific disease or illness. Unemployed file taxes A fixed amount per day (or other period) of hospitalization. Unemployed file taxes   You can also have coverage (whether provided through insurance or otherwise) for the following items. Unemployed file taxes Accidents. Unemployed file taxes Disability. Unemployed file taxes Dental care. Unemployed file taxes Vision care. Unemployed file taxes Long-term care. Unemployed file taxes    Plans in which substantially all of the coverage is through the items listed earlier are not HDHPs. Unemployed file taxes For example, if your plan provides coverage substantially all of which is for a specific disease or illness, the plan is not an HDHP for purposes of establishing an HSA. Unemployed file taxes Prescription drug plans. Unemployed file taxes   You can have a prescription drug plan, either as part of your HDHP or a separate plan (or rider), and qualify as an eligible individual if the plan does not provide benefits until the minimum annual deductible of the HDHP has been met. Unemployed file taxes If you can receive benefits before that deductible is met, you are not an eligible individual. Unemployed file taxes Other employee health plans. Unemployed file taxes   An employee covered by an HDHP and a health FSA or an HRA that pays or reimburses qualified medical expenses generally cannot make contributions to an HSA. Unemployed file taxes Health FSAs and HRAs are discussed later. Unemployed file taxes   However, an employee can make contributions to an HSA while covered under an HDHP and one or more of the following arrangements. Unemployed file taxes Limited-purpose health FSA or HRA. Unemployed file taxes These arrangements can pay or reimburse the items listed earlier under Other health coverage except long-term care. Unemployed file taxes Also, these arrangements can pay or reimburse preventive care expenses because they can be paid without having to satisfy the deductible. Unemployed file taxes Suspended HRA. Unemployed file taxes Before the beginning of an HRA coverage period, you can elect to suspend the HRA. Unemployed file taxes The HRA does not pay or reimburse, at any time, the medical expenses incurred during the suspension period except preventive care and items listed under Other health coverage. Unemployed file taxes When the suspension period ends, you are no longer eligible to make contributions to an HSA. Unemployed file taxes Post-deductible health FSA or HRA. Unemployed file taxes These arrangements do not pay or reimburse any medical expenses incurred before the minimum annual deductible amount is met. Unemployed file taxes The deductible for these arrangements does not have to be the same as the deductible for the HDHP, but benefits may not be provided before the minimum annual deductible amount is met. Unemployed file taxes Retirement HRA. Unemployed file taxes This arrangement pays or reimburses only those medical expenses incurred after retirement. Unemployed file taxes After retirement you are no longer eligible to make contributions to an HSA. Unemployed file taxes Health FSA – grace period. Unemployed file taxes   Coverage during a grace period by a general purpose health FSA is allowed if the balance in the health FSA at the end of its prior year plan is zero. Unemployed file taxes See Flexible Spending Arrangements (FSAs) , later. Unemployed file taxes Contributions to an HSA Any eligible individual can contribute to an HSA. Unemployed file taxes For an employee's HSA, the employee, the employee's employer, or both may contribute to the employee's HSA in the same year. Unemployed file taxes For an HSA established by a self-employed (or unemployed) individual, the individual can contribute. Unemployed file taxes Family members or any other person may also make contributions on behalf of an eligible individual. Unemployed file taxes Contributions to an HSA must be made in cash. Unemployed file taxes Contributions of stock or property are not allowed. Unemployed file taxes Limit on Contributions The amount you or any other person can contribute to your HSA depends on the type of HDHP coverage you have, your age, the date you become an eligible individual, and the date you cease to be an eligible individual. Unemployed file taxes For 2013, if you have self-only HDHP coverage, you can contribute up to $3,250. Unemployed file taxes If you have family HDHP coverage, you can contribute up to $6,450. Unemployed file taxes For 2014, if you have self-only HDHP coverage, you can contribute up to $3,300. Unemployed file taxes If you have family HDHP coverage you can contribute up to $6,550. Unemployed file taxes If you were, or were considered (under the last-month rule, discussed later), an eligible individual for the entire year and did not change your type of coverage, you can contribute the full amount based on your type of coverage. Unemployed file taxes However, if you were not an eligible individual for the entire year or changed your coverage during the year, your contribution limit is the greater of: The limitation shown on the Line 3 Limitation Chart and Worksheetin the Instructions for Form 8889, Health Savings Accounts (HSAs), or The maximum annual HSA contribution based on your HDHP coverage (self-only or family) on the first day of the last month of your tax year. Unemployed file taxes If you had family HDHP coverage on the first day of the last month of your tax year, your contribution limit for 2013 is $6,450 even if you changed coverage during the year. Unemployed file taxes Last-month rule. Unemployed file taxes   Under the last-month rule, if you are an eligible individual on the first day of the last month of your tax year (December 1 for most taxpayers), you are considered an eligible individual for the entire year. Unemployed file taxes You are treated as having the same HDHP coverage for the entire year as you had on the first day of the last month. Unemployed file taxes Testing period. Unemployed file taxes   If contributions were made to your HSA based on you being an eligible individual for the entire year under the last-month rule, you must remain an eligible individual during the testing period. Unemployed file taxes For the last-month rule, the testing period begins with the last month of your tax year and ends on the last day of the 12th month following that month. Unemployed file taxes For example, December 1, 2013, through December 31, 2014. Unemployed file taxes   If you fail to remain an eligible individual during the testing period, other than because of death or becoming disabled, you will have to include in income the total contributions made to your HSA that would not have been made except for the last-month rule. Unemployed file taxes You include this amount in your income in the year in which you fail to be an eligible individual. Unemployed file taxes This amount is also subject to a 10% additional tax. Unemployed file taxes The income and additional tax are shown on Form 8889, Part III. Unemployed file taxes Example 1. Unemployed file taxes Chris, age 53, becomes an eligible individual on December 1, 2013. Unemployed file taxes He has family HDHP coverage on that date. Unemployed file taxes Under the last-month rule, he contributes $6,450 to his HSA. Unemployed file taxes Chris fails to be an eligible individual in June 2014. Unemployed file taxes Because Chris did not remain an eligible individual during the testing period (December 1, 2013, through December 31, 2014), he must include in his 2014 income the contributions made in 2013 that would not have been made except for the last-month rule. Unemployed file taxes Chris uses the worksheet in the Form 8889 instructions to determine this amount. Unemployed file taxes January -0- February -0- March -0- April -0- May -0- June -0- July -0- August -0- September -0- October -0- November -0- December $6,450. Unemployed file taxes 00 Total for all months $6,450. Unemployed file taxes 00 Limitation. Unemployed file taxes Divide the total by 12 $537. Unemployed file taxes 50 Chris would include $5,912. Unemployed file taxes 50 ($6,450. Unemployed file taxes 00 – $537. Unemployed file taxes 50) in his gross income on his 2014 tax return. Unemployed file taxes Also, a 10% additional tax applies to this amount. Unemployed file taxes Example 2. Unemployed file taxes Erika, age 39, has self-only HDHP coverage on January 1, 2013. Unemployed file taxes Erika changes to family HDHP coverage on November 1, 2013. Unemployed file taxes Because Erika has family HDHP coverage on December 1, 2013, she contributes $6,450 for 2013. Unemployed file taxes Erika fails to be an eligible individual in March 2014. Unemployed file taxes Because she did not remain an eligible individual during the testing period (December 1, 2013, through December 31, 2014), she must include in income the contribution made that would not have been made except for the last-month rule. Unemployed file taxes Erika uses the worksheet in the Form 8889 instructions to determine this amount. Unemployed file taxes January $3,250. Unemployed file taxes 00 February $3,250. Unemployed file taxes 00 March $3,250. Unemployed file taxes 00 April $3,250. Unemployed file taxes 00 May $3,250. Unemployed file taxes 00 June $3,250. Unemployed file taxes 00 July $3,250. Unemployed file taxes 00 August $3,250. Unemployed file taxes 00 September $3,250. Unemployed file taxes 00 October $3,250. Unemployed file taxes 00 November $6,450. Unemployed file taxes 00 December $6,450. Unemployed file taxes 00 Total for all months $45,400. Unemployed file taxes 00 Limitation. Unemployed file taxes Divide the total by 12 $3,783. Unemployed file taxes 34 Erika would include $2,666. Unemployed file taxes 67 ($6,450 – $3,783. Unemployed file taxes 34) in her gross income on her 2014 tax return. Unemployed file taxes Also, a 10% additional tax applies to this amount. Unemployed file taxes Additional contribution. Unemployed file taxes   If you are an eligible individual who is age 55 or older at the end of your tax year, your contribution limit is increased by $1,000. Unemployed file taxes For example, if you have self-only coverage, you can contribute up to $4,250 (the contribution limit for self-only coverage ($3,250) plus the additional contribution of $1,000). Unemployed file taxes However, see Enrolled in Medicare , later. Unemployed file taxes If you have more than one HSA in 2013, your total contributions to all the HSAs cannot be more than the limits discussed earlier. Unemployed file taxes Reduction of contribution limit. Unemployed file taxes   You must reduce the amount that can be contributed (including any additional contribution) to your HSA by the amount of any contribution made to your Archer MSA (including employer contributions) for the year. Unemployed file taxes A special rule applies to married people, discussed next, if each spouse has family coverage under an HDHP. Unemployed file taxes Rules for married people. Unemployed file taxes   If either spouse has family HDHP coverage, both spouses are treated as having family HDHP coverage. Unemployed file taxes If each spouse has family coverage under a separate plan, the contribution limit for 2013 is $6,450. Unemployed file taxes You must reduce the limit on contributions, before taking into account any additional contributions, by the amount contributed to both spouses' Archer MSAs. Unemployed file taxes After that reduction, the contribution limit is split equally between the spouses unless you agree on a different division. Unemployed file taxes The rules for married people apply only if both spouses are eligible individuals. Unemployed file taxes If both spouses are 55 or older and not enrolled in Medicare, each spouse's contribution limit is increased by the additional contribution. Unemployed file taxes If both spouses meet the age requirement, the total contributions under family coverage cannot be more than $8,450. Unemployed file taxes Each spouse must make the additional contribution to his or her own HSA. Unemployed file taxes Example. Unemployed file taxes For 2013, Mr. Unemployed file taxes Auburn and his wife are both eligible individuals. Unemployed file taxes They each have family coverage under separate HDHPs. Unemployed file taxes Mr. Unemployed file taxes Auburn is 58 years old and Mrs. Unemployed file taxes Auburn is 53. Unemployed file taxes Mr. Unemployed file taxes and Mrs. Unemployed file taxes Auburn can split the family contribution limit ($6,450) equally or they can agree on a different division. Unemployed file taxes If they split it equally, Mr. Unemployed file taxes Auburn can contribute $4,225 to an HSA (one-half the maximum contribution for family coverage ($3,225) + $1,000 additional contribution) and Mrs. Unemployed file taxes Auburn can contribute $3,225 to an HSA. Unemployed file taxes Employer contributions. Unemployed file taxes   You must reduce the amount you, or any other person, can contribute to your HSA by the amount of any contributions made by your employer that are excludable from your income. Unemployed file taxes This includes amounts contributed to your account by your employer through a cafeteria plan. Unemployed file taxes Enrolled in Medicare. Unemployed file taxes   Beginning with the first month you are enrolled in Medicare, your contribution limit is zero. Unemployed file taxes Example. Unemployed file taxes You turned age 65 in July 2013 and enrolled in Medicare. Unemployed file taxes You had an HDHP with self-only coverage and are eligible for an additional contribution of $1,000. Unemployed file taxes Your contribution limit is $2,125 ($4,250 × 6 ÷ 12). Unemployed file taxes Qualified HSA funding distribution. Unemployed file taxes   A qualified HSA funding distribution may be made from your traditional IRA or Roth IRA to your HSA. Unemployed file taxes This distribution cannot be made from an ongoing SEP IRA or SIMPLE IRA. Unemployed file taxes For this purpose, a SEP IRA or SIMPLE IRA is ongoing if an employer contribution is made for the plan year ending with or within your tax year in which the distribution would be made. Unemployed file taxes   The maximum qualified HSA funding distribution depends on the HDHP coverage (self-only or family) you have on the first day of the month in which the contribution is made and your age as of the end of the tax year. Unemployed file taxes The distribution must be made directly by the trustee of the IRA to the trustee of the HSA. Unemployed file taxes The distribution is not included in your income, is not deductible, and reduces the amount that can be contributed to your HSA. Unemployed file taxes The qualified HSA funding distribution is shown on Form 8889 for the year in which the distribution is made. Unemployed file taxes   You can make only one qualified HSA funding distribution during your lifetime. Unemployed file taxes However, if you make a distribution during a month when you have self-only HDHP coverage, you can make another qualified HSA funding distribution in a later month in that tax year if you change to family HDHP coverage. Unemployed file taxes The total qualified HSA funding distribution cannot be more than the contribution limit for family HDHP coverage plus any additional contribution to which you are entitled. Unemployed file taxes Example. Unemployed file taxes In 2013, you are an eligible individual, age 57, with self-only HDHP coverage. Unemployed file taxes You can make a qualified HSA funding distribution of $4,250 ($3,250 plus $1,000 additional contribution). Unemployed file taxes Funding distribution – testing period. Unemployed file taxes   You must remain an eligible individual during the testing period. Unemployed file taxes For a qualified HSA funding distribution, the testing period begins with the month in which the qualified HSA funding distribution is contributed and ends on the last day of the 12th month following that month. Unemployed file taxes For example, if a qualified HSA funding distribution is contributed to your HSA on August 10, 2013, your testing period begins in August 2013, and ends on August 31, 2014. Unemployed file taxes   If you fail to remain an eligible individual during the testing period, other than because of death or becoming disabled, you will have to include in income the qualified HSA funding distribution. Unemployed file taxes You include this amount in income in the year in which you fail to be an eligible individual. Unemployed file taxes This amount is also subject to a 10% additional tax. Unemployed file taxes The income and the additional tax are shown on Form 8889, Part III. Unemployed file taxes   Each qualified HSA funding distribution allowed has its own testing period. Unemployed file taxes For example, you are an eligible individual, age 45, with self-only HDHP coverage. Unemployed file taxes On June 18, 2013, you make a qualified HSA funding distribution of $3,250. Unemployed file taxes On July 27, 2013, you enroll in family HDHP coverage and on August 17, 2013, you make a qualified HSA funding distribution of $3,200. Unemployed file taxes Your testing period for the first distribution begins in June 2013 and ends on June 30, 2014. Unemployed file taxes Your testing period for the second distribution begins in August 2013 and ends on August 31, 2014. Unemployed file taxes   The testing period rule that applies under the last-month rule (discussed earlier) does not apply to amounts contributed to an HSA through a qualified HSA funding distribution. Unemployed file taxes If you remain an eligible individual during the entire funding distribution testing period, then no amount of that distribution is included in income and will not be subject to the additional tax for failing to meet the last-month rule testing period. Unemployed file taxes Rollovers A rollover contribution is not included in your income, is not deductible, and does not reduce your contribution limit. Unemployed file taxes Archer MSAs and other HSAs. Unemployed file taxes   You can roll over amounts from Archer MSAs and other HSAs into an HSA. Unemployed file taxes You do not have to be an eligible individual to make a rollover contribution from your existing HSA to a new HSA. Unemployed file taxes Rollover contributions do not need to be in cash. Unemployed file taxes Rollovers are not subject to the annual contribution limits. Unemployed file taxes   You must roll over the amount within 60 days after the date of receipt. Unemployed file taxes You can make only one rollover contribution to an HSA during a 1-year period. Unemployed file taxes Note. Unemployed file taxes If you instruct the trustee of your HSA to transfer funds directly to the trustee of another of your HSAs, the transfer is not considered a rollover. Unemployed file taxes There is no limit on the number of these transfers. Unemployed file taxes Do not include the amount transferred in income, deduct it as a contribution, or include it as a distribution on Form 8889. Unemployed file taxes When To Contribute You can make contributions to your HSA for 2013 until April 15, 2014. Unemployed file taxes If you fail to be an eligible individual during 2013, you can still make contributions, up until April 15, 2014, for the months you were an eligible individual. Unemployed file taxes Your employer can make contributions to your HSA between January 1, 2014, and April 15, 2014, that are allocated to 2013. Unemployed file taxes Your employer must notify you and the trustee of your HSA that the contribution is for 2013. Unemployed file taxes The contribution will be reported on your 2014 Form W-2. Unemployed file taxes Reporting Contributions on Your Return Contributions made by your employer are not included in your income. Unemployed file taxes Contributions to an employee's account by an employer using the amount of an employee's salary reduction through a cafeteria plan are treated as employer contributions. Unemployed file taxes Generally, you can claim contributions you made and contributions made by any other person, other than your employer, on your behalf, as an adjustment to income. Unemployed file taxes Contributions by a partnership to a bona fide partner's HSA are not contributions by an employer. Unemployed file taxes The contributions are treated as a distribution of money and are not included in the partner's gross income. Unemployed file taxes Contributions by a partnership to a partner's HSA for services rendered are treated as guaranteed payments that are deductible by the partnership and includible in the partner's gross income. Unemployed file taxes In both situations, the partner can deduct the contribution made to the partner's HSA. Unemployed file taxes Contributions by an S corporation to a 2% shareholder-employee's HSA for services rendered are treated as guaranteed payments and are deductible by the S corporation and includible in the shareholder-employee's gross income. Unemployed file taxes The shareholder-employee can deduct the contribution made to the shareholder-employee's HSA. Unemployed file taxes Form 8889. Unemployed file taxes   Report all contributions to your HSA on Form 8889 and file it with your Form 1040 or Form 1040NR. Unemployed file taxes You should include all contributions made for 2013, including those made by April 15, 2014, that are designated for 2013. Unemployed file taxes Contributions made by your employer and qualified HSA funding distributions are also shown on the form. Unemployed file taxes   You should receive Form 5498-SA, HSA, Archer MSA, or Medicare Advantage MSA Information, from the trustee showing the amount contributed to your HSA during the year. Unemployed file taxes Your employer's contributions also will be shown in box 12 of Form W-2, Wage and Tax Statement, with code W. Unemployed file taxes Follow the instructions for Form 8889. Unemployed file taxes Report your HSA deduction on Form 1040 or Form 1040NR. Unemployed file taxes Excess contributions. Unemployed file taxes   You will have excess contributions if the contributions to your HSA for the year are greater than the limits discussed earlier. Unemployed file taxes Excess contributions are not deductible. Unemployed file taxes Excess contributions made by your employer are included in your gross income. Unemployed file taxes If the excess contribution is not included in box 1 of Form W-2, you must report the excess as “Other income” on your tax return. Unemployed file taxes   Generally, you must pay a 6% excise tax on excess contributions. Unemployed file taxes See Form 5329, Additional Taxes on Qualified Plans (including IRAs) and Other Tax-Favored Accounts, to figure the excise tax. Unemployed file taxes The excise tax applies to each tax year the excess contribution remains in the account. Unemployed file taxes   You may withdraw some or all of the excess contributions and not pay the excise tax on the amount withdrawn if you meet the following conditions. Unemployed file taxes You withdraw the excess contributions by the due date, including extensions, of your tax return for the year the contributions were made. Unemployed file taxes You withdraw any income earned on the withdrawn contributions and include the earnings in “Other income” on your tax return for the year you withdraw the contributions and earnings. Unemployed file taxes If you fail to remain an eligible individual during any of the testing periods, discussed earlier, the amount you have to include in income is not an excess contribution. Unemployed file taxes If you withdraw any of those amounts, the amount is treated the same as any other distribution from an HSA, discussed later. Unemployed file taxes Deducting an excess contribution in a later year. Unemployed file taxes   You may be able to deduct excess contributions for previous years that are still in your HSA. Unemployed file taxes The excess contribution you can deduct for the current year is the lesser of the following two amounts. Unemployed file taxes Your maximum HSA contribution limit for the year minus any amounts contributed to your HSA for the year. Unemployed file taxes The total excess contributions in your HSA at the beginning of the year. Unemployed file taxes   Amounts contributed for the year include contributions by you, your employer, and any other person. Unemployed file taxes They also include any qualified HSA funding distribution made to your HSA. Unemployed file taxes Any excess contribution remaining at the end of a tax year is subject to the excise tax. Unemployed file taxes See Form 5329. Unemployed file taxes Distributions From an HSA You will generally pay medical expenses during the year without being reimbursed by your HDHP until you reach the annual deductible for the plan. Unemployed file taxes When you pay medical expenses during the year that are not reimbursed by your HDHP, you can ask the trustee of your HSA to send you a distribution from your HSA. Unemployed file taxes You can receive tax-free distributions from your HSA to pay or be reimbursed for qualified medical expenses you incur after you establish the HSA. Unemployed file taxes If you receive distributions for other reasons, the amount you withdraw will be subject to income tax and may be subject to an additional 20% tax. Unemployed file taxes You do not have to make distributions from your HSA each year. Unemployed file taxes If you are no longer an eligible individual, you can still receive tax-free distributions to pay or reimburse your qualified medical expenses. Unemployed file taxes Generally, a distribution is money you get from your health savings account. Unemployed file taxes Your total distributions include amounts paid with a debit card that restricts payments to health care and amounts withdrawn from the HSA by other individuals that you have designated. Unemployed file taxes The trustee will report any distribution to you and the IRS on Form 1099-SA, Distributions From an HSA, Archer MSA, or Medicare Advantage MSA. Unemployed file taxes Qualified medical expenses. Unemployed file taxes   Qualified medical expenses are those expenses that would generally qualify for the medical and dental expenses deduction. Unemployed file taxes These are explained in Publication 502, Medical and Dental Expenses. Unemployed file taxes   Also, non-prescription medicines (other than insulin) are not considered qualified medical expenses for HSA purposes. Unemployed file taxes A medicine or drug will be a qualified medical expense for HSA purposes only if the medicine or drug: Requires a prescription, Is available without a prescription (an over-the-counter medicine or drug) and you get a prescription for it, or Is insulin. Unemployed file taxes   For HSA purposes, expenses incurred before you establish your HSA are not qualified medical expenses. Unemployed file taxes State law determines when an HSA is established. Unemployed file taxes An HSA that is funded by amounts rolled over from an Archer MSA or another HSA is established on the date the prior account was established. Unemployed file taxes   If, under the last-month rule, you are considered to be an eligible individual for the entire year for determining the contribution amount, only those expenses incurred after you actually establish your HSA are qualified medical expenses. Unemployed file taxes   Qualified medical expenses are those incurred by the following persons. Unemployed file taxes You and your spouse. Unemployed file taxes All dependents you claim on your tax return. Unemployed file taxes Any person you could have claimed as a dependent on your return except that: The person filed a joint return, The person had gross income of $3,900 or more, or You, or your spouse if filing jointly, could be claimed as a dependent on someone else's 2013 return. Unemployed file taxes    For this purpose, a child of parents that are divorced, separated, or living apart for the last 6 months of the calendar year is treated as the dependent of both parents whether or not the custodial parent releases the claim to the child's exemption. Unemployed file taxes You cannot deduct qualified medical expenses as an itemized deduction on Schedule A (Form 1040) that are equal to the tax-free distribution from your HSA. Unemployed file taxes Insurance premiums. Unemployed file taxes   You cannot treat insurance premiums as qualified medical expenses unless the premiums are for: Long-term care insurance. Unemployed file taxes Health care continuation coverage (such as coverage under COBRA). Unemployed file taxes Health care coverage while receiving unemployment compensation under federal or state law. Unemployed file taxes Medicare and other health care coverage if you were 65 or older (other than premiums for a Medicare supplemental policy, such as Medigap). Unemployed file taxes   The premiums for long-term care insurance (item (1)) that you can treat as qualified medical expenses are subject to limits based on age and are adjusted annually. Unemployed file taxes See Limit on long-term care premiums you can deduct in the instructions for Schedule A (Form 1040). Unemployed file taxes   Items (2) and (3) can be for your spouse or a dependent meeting the requirement for that type of coverage. Unemployed file taxes For item (4), if you, the account beneficiary, are not 65 or older, Medicare premiums for coverage of your spouse or a dependent (who is 65 or older) generally are not qualified medical expenses. Unemployed file taxes Health coverage tax credit. Unemployed file taxes   You cannot claim this credit for premiums that you pay with a tax-free distribution from your HSA. Unemployed file taxes See Publication 502 for more information on this credit. Unemployed file taxes Deemed distributions from HSAs. Unemployed file taxes   The following situations result in deemed taxable distributions from your HSA. Unemployed file taxes You engaged in any transaction prohibited by section 4975 with respect to any of your HSAs, at any time in 2013. Unemployed file taxes Your account ceases to be an HSA as of January 1, 2013, and you must include the fair market value of all assets in the account as of January 1, 2013, on Form 8889. Unemployed file taxes You used any portion of any of your HSAs as security for a loan at any time in 2013. Unemployed file taxes You must include the fair market value of the assets used as security for the loan as income on Form 1040 or Form 1040NR. Unemployed file taxes   Examples of prohibited transactions include the direct or indirect: Sale, exchange, or leasing of property between you and the HSA, Lending of money between you and the HSA, Furnishing goods, services, or facilities between you and the HSA, and Transfer to or use by you, or for your benefit, of any assets of the HSA. Unemployed file taxes   Any deemed distribution will not be treated as used to pay qualified medical expenses. Unemployed file taxes These distributions are included in your income and are subject to the additional 20% tax, discussed later. Unemployed file taxes Recordkeeping. Unemployed file taxes You must keep records sufficient to show that: The distributions were exclusively to pay or reimburse qualified medical expenses, The qualified medical expenses had not been previously paid or reimbursed from another source, and The medical expenses had not been taken as an itemized deduction in any year. Unemployed file taxes Do not send these records with your tax return. Unemployed file taxes Keep them with your tax records. Unemployed file taxes Reporting Distributions on Your Return How you report your distributions depends on whether or not you use the distribution for qualified medical expenses (defined earlier). Unemployed file taxes If you use a distribution from your HSA for qualified medical expenses, you do not pay tax on the distribution but you have to report the distribution on Form 8889. Unemployed file taxes However, the distribution of an excess contribution taken out after the due date, including extensions, of your return is subject to tax even if used for qualified medical expenses. Unemployed file taxes Follow the instructions for the form and file it with your Form 1040 or Form 1040NR. Unemployed file taxes If you do not use a distribution from your HSA for qualified medical expenses, you must pay tax on the distribution. Unemployed file taxes Report the amount on Form 8889 and file it with your Form 1040 or Form 1040NR. Unemployed file taxes You may have to pay an additional 20% tax on your taxable distribution. Unemployed file taxes HSA administration and maintenance fees withdrawn by the trustee are not reported as distributions from the HSA. Unemployed file taxes Additional tax. Unemployed file taxes   There is an additional 20% tax on the part of your distributions not used for qualified medical expenses. Unemployed file taxes Figure the tax on Form 8889 and file it with your Form 1040 or Form 1040NR. Unemployed file taxes Exceptions. Unemployed file taxes   There is no additional tax on distributions made after the date you are disabled, reach age 65, or die. Unemployed file taxes Balance in an HSA An HSA is generally exempt from tax. Unemployed file taxes You are permitted to take a distribution from your HSA at any time; however, only those amounts used exclusively to pay for qualified medical expenses are tax free. Unemployed file taxes Amounts that remain at the end of the year are generally carried over to the next year (see Excess contributions , earlier). Unemployed file taxes Earnings on amounts in an HSA are not included in your income while held in the HSA. Unemployed file taxes Death of HSA Holder You should choose a beneficiary when you set up your HSA. Unemployed file taxes What happens to that HSA when you die depends on whom you designate as the beneficiary. Unemployed file taxes Spouse is the designated beneficiary. Unemployed file taxes   If your spouse is the designated beneficiary of your HSA, it will be treated as your spouse's HSA after your death. Unemployed file taxes Spouse is not the designated beneficiary. Unemployed file taxes   If your spouse is not the designated beneficiary of your HSA: The account stops being an HSA, and The fair market value of the HSA becomes taxable to the beneficiary in the year in which you die. Unemployed file taxes If your estate is the beneficiary, the value is included on your final income tax return. Unemployed file taxes The amount taxable to a beneficiary other than the estate is reduced by any qualified medical expenses for the decedent that are paid by the beneficiary within 1 year after the date of death. Unemployed file taxes Filing Form 8889 You must file Form 8889 with your Form 1040 or Form 1040NR if you (or your spouse, if married filing a joint return) had any activity in your HSA during the year. Unemployed file taxes You must file the form even if only your employer or your spouse's employer made contributions to the HSA. Unemployed file taxes If, during the tax year, you are the beneficiary of two or more HSAs or you are a beneficiary of an HSA and you have your own HSA, you must complete a separate Form 8889 for each HSA. Unemployed file taxes Enter “statement” at the top of each Form 8889 and complete the form as instructed. Unemployed file taxes Next, complete a controlling Form 8889 combining the amounts shown on each of the statement Forms 8889. Unemployed file taxes Attach the statements to your tax return after the controlling Form 8889. Unemployed file taxes Employer Participation This section contains the rules that employers must follow if they decide to make HSAs available to their employees. Unemployed file taxes Unlike the previous discussions, “you” refers to the employer and not to the employee. Unemployed file taxes Health plan. Unemployed file taxes   If you want your employees to be able to have an HSA, they must have an HDHP. Unemployed file taxes You can provide no additional coverage other than those exceptions listed previously under Other health coverage . Unemployed file taxes Contributions. Unemployed file taxes   You can make contributions to your employees' HSAs. Unemployed file taxes You deduct the contributions on your business income tax return for the year in which you make the contributions. Unemployed file taxes If the contribution is allocated to the prior year, you still deduct it in the year in which you made the contribution. Unemployed file taxes   For more information on employer contributions, see Notice 2008-59, 2008-29 I. Unemployed file taxes R. Unemployed file taxes B. Unemployed file taxes 123, questions 23 through 27, available at www. Unemployed file taxes irs. Unemployed file taxes gov/irb/2008-29_IRB/ar11. Unemployed file taxes html. Unemployed file taxes Comparable contributions. Unemployed file taxes   If you decide to make contributions, you must make comparable contributions to all comparable participating employees' HSAs. Unemployed file taxes Your contributions are comparable if they are either: The same amount, or The same percentage of the annual deductible limit under the HDHP covering the employees. Unemployed file taxes The comparability rules do not apply to contributions made through a cafeteria plan. Unemployed file taxes Comparable participating employees. Unemployed file taxes   Comparable participating employees: Are covered by your HDHP and are eligible to establish an HSA, Have the same category of coverage (either self-only or family coverage), and Have the same category of employment (part-time, full-time, or former employees). Unemployed file taxes   To meet the comparability requirements for eligible employees who have not established an HSA by December 31 or have not notified you that they have an HSA, you must meet a notice requirement and a contribution requirement. Unemployed file taxes   You will meet the notice requirement if by January 15 of the following calendar year you provide a written notice to all such employees. Unemployed file taxes The notice must state that each eligible employee who, by the last day of February, establishes an HSA and notifies you that they have established an HSA will receive a comparable contribution to the HSA for the prior year. Unemployed file taxes For a sample of the notice, see Regulation 54. Unemployed file taxes 4980G-4 A-14(c). Unemployed file taxes You will meet the contribution requirement for these employees if by April 15, 2014, you contribute comparable amounts plus reasonable interest to the employee's HSA for the prior year. Unemployed file taxes Note. Unemployed file taxes For purposes of making contributions to HSAs of non-highly compensated employees, highly compensated employees shall not be treated as comparable participating employees. Unemployed file taxes Excise tax. Unemployed file taxes   If you made contributions to your employees' HSAs that were not comparable, you must pay an excise tax of 35% of the amount you contributed. Unemployed file taxes Employment taxes. Unemployed file taxes   Amounts you contribute to your employees' HSAs are generally not subject to employment taxes. Unemployed file taxes You must report the contributions in box 12 of the Form W-2 you file for each employee. Unemployed file taxes This includes the amounts the employee elected to contribute through a cafeteria plan. Unemployed file taxes Enter code “W” in box 12. Unemployed file taxes Medical Savings Accounts (MSAs) Archer MSAs were created to help self-employed individuals and employees of certain small employers meet the medical care costs of the account holder, the account holder's spouse, or the account holder's dependent(s). Unemployed file taxes After December 31, 2007, you cannot be treated as an eligible individual for Archer MSA purposes unless: You were an active participant for any tax year ending before January 1, 2008, or You became an active participant for a tax year ending after December 31, 2007, by reason of coverage under a high deductible health plan (HDHP) of an Archer MSA participating employer. Unemployed file taxes A Medicare Advantage MSA is an Archer MSA designated by Medicare to be used solely to pay the qualified medical expenses of the account holder who is eligible for Medicare. Unemployed file taxes Archer MSAs An Archer MSA is a tax-exempt trust or custodial account that you set up with a U. Unemployed file taxes S. Unemployed file taxes financial institution (such as a bank or an insurance company) in which you can save money exclusively for future medical expenses. Unemployed file taxes What are the benefits of an Archer MSA?   You may enjoy several benefits from having an Archer MSA. Unemployed file taxes You can claim a tax deduction for contributions you make even if you do not itemize your deductions on Form 1040 or Form 1040NR. Unemployed file taxes The interest or other earnings on the assets in your Archer MSA are tax free. Unemployed file taxes Distributions may be tax free if you pay qualified medical expenses. Unemployed file taxes See Qualified medical expenses , later. Unemployed file taxes The contributions remain in your Archer MSA from year to year until you use them. Unemployed file taxes An Archer MSA is “portable” so it stays with you if you change employers or leave the work force. Unemployed file taxes Qualifying for an Archer MSA To qualify for an Archer MSA, you must be either of the following. Unemployed file taxes An employee (or the spouse of an employee) of a small employer (defined later) that maintains a self-only or family HDHP for you (or your spouse). Unemployed file taxes A self-employed person (or the spouse of a self-employed person) who maintains a self-only or family HDHP. Unemployed file taxes You can have no other health or Medicare coverage except what is permitted under Other health coverage , later. Unemployed file taxes You must be an eligible individual on the first day of a given month to get an Archer MSA deduction for that month. Unemployed file taxes If another taxpayer is entitled to claim an exemption for you, you cannot claim a deduction for an Archer MSA contribution. Unemployed file taxes This is true even if the other person does not actually claim your exemption. Unemployed file taxes Small employer. Unemployed file taxes   A small employer is generally an employer who had an average of 50 or fewer employees during either of the last 2 calendar years. Unemployed file taxes The definition of small employer is modified for new employers and growing employers. Unemployed file taxes Growing employer. Unemployed file taxes   A small employer may begin HDHPs and Archer MSAs for his or her employees and then grow beyond 50 employees. Unemployed file taxes The employer will continue to meet the requirement for small employers if he or she: Had 50 or fewer employees when the Archer MSAs began, Made a contribution that was excludable or deductible as an Archer MSA for the last year he or she had 50 or fewer employees, and Had an average of 200 or fewer employees each year after 1996. Unemployed file taxes Changing employers. Unemployed file taxes   If you change employers, your Archer MSA moves with you. Unemployed file taxes However, you may not make additional contributions unless you are otherwise eligible. Unemployed file taxes High deductible health plan (HDHP). Unemployed file taxes   To be eligible for an Archer MSA, you must be covered under an HDHP. Unemployed file taxes An HDHP has: A higher annual deductible than typical health plans, and A maximum limit on the annual out-of-pocket medical expenses that you must pay for covered expenses. Unemployed file taxes Limits. Unemployed file taxes   The following table shows the limits for annual deductibles and the maximum out-of-pocket expenses for HDHPs for 2013. Unemployed file taxes   Self-only coverage Family coverage Minimum annual deductible $2,150 $4,300 Maximum annual deductible $3,200 $6,450 Maximum annual out-of-pocket expenses $4,300 $7,850 Family plans that do not meet the high deductible rules. Unemployed file taxes   There are some family plans that have deductibles for both the family as a whole and for individual family members. Unemployed file taxes Under these plans, if you meet the individual deductible for one family member, you do not have to meet the higher annual deductible amount for the family. Unemployed file taxes If either the deductible for the family as a whole or the deductible for an individual family member is less than the minimum annual deductible for family coverage, the plan does not qualify as an HDHP. Unemployed file taxes Example. Unemployed file taxes You have family health insurance coverage in 2013. Unemployed file taxes The annual deductible for the family plan is $5,500. Unemployed file taxes This plan also has an individual deductible of $2,000 for each family member. Unemployed file taxes The plan does not qualify as an HDHP because the deductible for an individual family member is less than the minimum annual deductible ($4,300) for family coverage. Unemployed file taxes Other health coverage. Unemployed file taxes   You (and your spouse, if you have family coverage) generally cannot have any other health coverage that is not an HDHP. Unemployed file taxes However, you can still be an eligible individual even if your spouse has non-HDHP coverage provided you are not covered by that plan. Unemployed file taxes However, you can have additional insurance that provides benefits only for the following items. Unemployed file taxes Liabilities incurred under workers' compensation laws, torts, or ownership or use of property. Unemployed file taxes A specific disease or illness. Unemployed file taxes A fixed amount per day (or other period) of hospitalization. Unemployed file taxes You can also have coverage (whether provided through insurance or otherwise) for the following items. Unemployed file taxes Accidents. Unemployed file taxes Disability. Unemployed file taxes Dental care. Unemployed file taxes Vision care. Unemployed file taxes Long-term care. Unemployed file taxes Contributions to an MSA Contributions to an Archer MSA must be made in cash. Unemployed file taxes You cannot contribute stock or other property to an Archer MSA. Unemployed file taxes Who can contribute to my Archer MSA?   If you are an employee, your employer may make contributions to your Archer MSA. Unemployed file taxes (You do not pay tax on these contributions. Unemployed file taxes ) If your employer does not make contributions to your Archer MSA, or you are self-employed, you can make your own contributions to your Archer MSA. Unemployed file taxes Both you and your employer cannot make contributions to your Archer MSA in the same year. Unemployed file taxes You do not have to make contributions to your Archer MSA every year. Unemployed file taxes    If your spouse is covered by your HDHP and an excludable amount is contributed by your spouse's employer to an Archer MSA belonging to your spouse, you cannot make contributions to your own Archer MSA that year. Unemployed file taxes Limits There are two limits on the amount you or your employer can contribute to your Archer MSA: The annual deductible limit. Unemployed file taxes An income limit. Unemployed file taxes Annual deductible limit. Unemployed file taxes   You (or your employer) can contribute up to 75% of the annual deductible of your HDHP (65% if you have a self-only plan) to your Archer MSA. Unemployed file taxes You must have the HDHP all year to contribute the full amount. Unemployed file taxes If you do not qualify to contribute the full amount for the year, determine your annual deductible limit by using the worksheet in the Instructions for Form 8853, Archer MSAs and Long-Term Care Insurance Contracts. Unemployed file taxes Example 1. Unemployed file taxes You have an HDHP for your family all year in 2013. Unemployed file taxes The annual deductible is $5,000. Unemployed file taxes You can contribute up to $3,750 ($5,000 × 75%) to your Archer MSA for the year. Unemployed file taxes Example 2. Unemployed file taxes You have an HDHP for your family for the entire months of July through December 2013 (6 months). Unemployed file taxes The annual deductible is $5,000. Unemployed file taxes You can contribute up to $1,875 ($5,000 × 75% ÷ 12 × 6) to your Archer MSA for the year. Unemployed file taxes If you and your spouse each have a family plan, you are treated as having family coverage with the lower annual deductible of the two health plans. Unemployed file taxes The contribution limit is split equally between you unless you agree on a different division. Unemployed file taxes Income limit. Unemployed file taxes   You cannot contribute more than you earned for the year from the employer through whom you have your HDHP. Unemployed file taxes   If you are self-employed, you cannot contribute more than your net self-employment income. Unemployed file taxes This is your income from self-employment minus expenses (including the deductible part of self-employment tax). Unemployed file taxes Example 1. Unemployed file taxes Noah Paul earned $25,000 from ABC Company in 2013. Unemployed file taxes Through ABC, he had an HDHP for his family for the entire year. Unemployed file taxes The annual deductible was $5,000. Unemployed file taxes He can contribute up to $3,750 to his Archer MSA (75% × $5,000). Unemployed file taxes He can contribute the full amount because he earned more than $3,750 at ABC. Unemployed file taxes Example 2. Unemployed file taxes Westley Lawrence is self-employed. Unemployed file taxes He had an HDHP for his family for the entire year in 2013. Unemployed file taxes The annual deductible was $5,000. Unemployed file taxes Based on the annual deductible, the maximum contribution to his Archer MSA would have been $3,750 (75% × $5,000). Unemployed file taxes However, after deducting his business expenses, Joe's net self-employment income is $2,500 for the year. Unemployed file taxes Therefore, he is limited to a contribution of $2,500. Unemployed file taxes Individuals enrolled in Medicare. Unemployed file taxes   Beginning with the first month you are enrolled in Medicare, you cannot contribute to an Archer MSA. Unemployed file taxes However, you may be eligible for a Medicare Advantage MSA, discussed later. Unemployed file taxes When To Contribute You can make contributions to your Archer MSA for 2013 until April 15, 2014. Unemployed file taxes Reporting Contributions on Your Return Report all contributions to your Archer MSA on Form 8853 and file it with your Form 1040 or Form 1040NR. Unemployed file taxes You should include all contributions you, or your employer, made for 2013, including those made by April 15, 2014, that are designated for 2013. Unemployed file taxes You should receive Form 5498-SA, HSA, Archer MSA, or Medicare Advantage MSA Information, from the trustee showing the amount you (or your employer) contributed during the year. Unemployed file taxes Your employer's contributions should be shown in box 12 of Form W-2, Wage and Tax Statement, with code R. Unemployed file taxes Follow the instructions for Form 8853 and complete the worksheet in the instructions. Unemployed file taxes Report your Archer MSA deduction on Form 1040 or Form 1040NR. Unemployed file taxes Excess contributions. Unemployed file taxes   You will have excess contributions if the contributions to your Archer MSA for the year are greater than the limits discussed earlier. Unemployed file taxes Excess contributions are not deductible. Unemployed file taxes Excess contributions made by your employer are included in your gross income. Unemployed file taxes If the excess contribution is not included in box 1 of Form W-2, you must report the excess as “Other income” on your tax return. Unemployed file taxes   Generally, you must pay a 6% excise tax on excess contributions. Unemployed file taxes See Form 5329, Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts, to figure the excise tax. Unemployed file taxes The excise tax applies to each tax year the excess contribution remains in the account. Unemployed file taxes   You may withdraw some or all of the excess contributions and not pay the excise tax on the amount withdrawn if you meet the following conditions. Unemployed file taxes You withdraw the excess contributions by the due date, including extensions, of your tax return. Unemployed file taxes You withdraw any income earned on the withdrawn contributions and include the earnings in “Other income” on your tax return for the year you withdraw the contributions and earnings. Unemployed file taxes Deducting an excess contribution in a later year. Unemployed file taxes   You may be able to deduct excess contributions for previous years that are still in your Archer MSA. Unemployed file taxes The excess contribution you can deduct in the current year is the lesser of the following two amounts. Unemployed file taxes Your maximum Archer MSA contribution limit for the year minus any amounts contributed to your Archer MSA for the year. Unemployed file taxes The total excess contributions in your Archer MSA at the beginning of the year. Unemployed file taxes   Any excess contributions remaining at the end of a tax year are subject to the excise tax. Unemployed file taxes See Form 5329. Unemployed file taxes Distributions From an MSA You will generally pay medical expenses during the year without being reimbursed by your HDHP until you reach the annual deductible for the plan. Unemployed file taxes When you pay medical expenses during the year that are not reimbursed by your HDHP, you can ask the trustee of your Archer MSA to send you a distribution from your Archer MSA. Unemployed file taxes You can receive tax-free distributions from your Archer MSA to pay for qualified medical expenses (discussed later). Unemployed file taxes If you receive distributions for other reasons, the amount will be subject to income tax and may be subject to an additional 20% tax as well. Unemployed file taxes You do not have to make withdrawals from your Archer MSA each year. Unemployed file taxes If you no longer qualify to make contributions, you can still receive tax-free distributions to pay or reimburse your qualified medical expenses. Unemployed file taxes A distribution is money you get from your Archer MSA. Unemployed file taxes The trustee will report any distribution to you and the IRS on Form 1099-SA, Distributions From an HSA, Archer MSA, or Medicare Advantage MSA. Unemployed file taxes Qualified medical expenses. Unemployed file taxes   Qualified medical expenses are those expenses that would generally qualify for the medical and dental expenses deduction. Unemployed file taxes These are explained in Publication 502. Unemployed file taxes   Also, non-prescription medicines (other than insulin) are not considered qualified medical expenses for MSA purposes. Unemployed file taxes A medicine or drug will be a qualified medical expense for MSA purposes only if the medicine or drug: Requires a prescription, Is available without a prescription (an over-the-counter medicine or drug) and you get a prescription for it, or Is insulin. Unemployed file taxes   Qualified medical expenses are those incurred by the following persons. Unemployed file taxes You and your spouse. Unemployed file taxes All dependents you claim on your tax return. Unemployed file taxes Any person you could have claimed as a dependent on your return except that: The person filed a joint return, The person had gross income of $3,900 or more, or You, or your spouse if filing jointly, could be claimed as a dependent on someone else's 2013 return. Unemployed file taxes    For this purpose, a child of parents that are divorced, separated, or living apart for the last 6 months of the calendar year is treated as the dependent of both parents whether or not the custodial parent releases the claim to the child's exemption. Unemployed file taxes    You cannot deduct qualified medical expenses as an itemized deduction on Schedule A (Form 1040) that are equal to the tax-free distribution from your Archer MSA. Unemployed file taxes Special rules for insurance premiums. Unemployed file taxes   Generally, you cannot treat insurance premiums as qualified medical expenses for Archer MSAs. Unemployed file taxes You can, however, treat premiums for long-term care coverage, health care coverage while you receive unemployment benefits, or health care continuation coverage required under any federal law as qualified medical expenses for Archer MSAs. Unemployed file taxes Health coverage tax credit. Unemployed file taxes   You cannot claim this credit for premiums that you pay with a tax-free distribution from your Archer MSA. Unemployed file taxes See Publication 502 for information on this credit. Unemployed file taxes Deemed distributions from Archer MSAs. Unemployed file taxes   The following situations result in deemed taxable distributions from your Archer MSA. Unemployed file taxes You engaged in any transaction prohibited by section 4975 with respect to any of your Archer MSAs at any time in 2013. Unemployed file taxes Your account ceases to be an Archer MSA as of January 1, 2013, and you must include the fair market value of all assets in the account as of January 1, 2013, on Form 8853. Unemployed file taxes You used any portion of any of your Archer MSAs as security for a loan at any time in 2013. Unemployed file taxes You must include the fair market value of the assets used as security for the loan as income on Form 1040 or Form 1040NR. Unemployed file taxes   Examples of prohibited transactions include the direct or indirect: Sale, exchange, or leasing of property between you and the Archer MSA, Lending of money between you and the Archer MSA, Furnishing goods, services, or facilities between you and the Archer MSA, and Transfer to or use by you, or for your benefit, of any assets of the Archer MSA. Unemployed file taxes   Any deemed distribution will not be treated as used to pay qualified medical expenses. Unemployed file taxes These distributions are included in your income and are subject to the additional 20% tax, discussed later. Unemployed file taxes Recordkeeping. Unemployed file taxes You must keep records sufficient to show that: The distributions were exclusively to pay or reimburse qualified medical expenses, The qualified medical expenses had not been previously paid or reimbursed from another source, and The medical expenses had not been taken as an itemized deduction in any year. Unemployed file taxes Do not send these records with your tax return. Unemployed file taxes Keep them with your tax records. Unemployed file taxes Reporting Distributions on Your Return How you report your distributions depends on whether or not you use the distribution for qualified medical expenses (defined earlier). Unemployed file taxes If you use a distribution from your Archer MSA for qualified medical expenses, you do not pay tax on the distribution but you have to report the distribution on Form 8853. Unemployed file taxes Follow the instructions for the form and file it with your Form 1040 or Form 1040NR. Unemployed file taxes If you do not use a distribution from your Archer MSA for qualified medical expenses, you must pay tax on the distribution. Unemployed file taxes Report the amount on Form 8853 and file it with your Form 1040 or Form 1040NR. Unemployed file taxes You may have to pay an additional 20% tax, discussed later, on your taxable distribution. Unemployed file taxes If an amount (other than a rollover) is contributed to your Archer MSA this year (by you or your employer), you also must report and pay tax on a distribution you receive from your Archer MSA this year that is used to pay medical expenses of someone who is not covered by an HDHP, or is also covered by another health plan that is not an HDHP, at the time the expenses are incurred. Unemployed file taxes Rollovers. Unemployed file taxes   Generally, any distribution from an Archer MSA that you roll over into another Archer MSA or an HSA is not taxable if you complete the rollover within 60 days. Unemployed file taxes An Archer MSA and an HSA can only receive one rollover contribution during a 1-year period. Unemployed file taxes See the Form 8853 instructions for more information. Unemployed file taxes Additional tax. Unemployed file taxes   There is a 20% additional tax on the part of your distributions not used for qualified medical expenses. Unemployed file taxes Figure the tax on Form 8853 and file it with your Form 1040 or Form 1040NR. Unemployed file taxes Report the additional tax in the total on Form 1040 or Form 1040NR. Unemployed file taxes Exceptions. Unemployed file taxes   There is no additional tax on distributions made after the date you are disabled, reach age 65, or die. Unemployed file taxes Balance in an Archer MSA An Archer MSA is generally exempt from tax. Unemployed file taxes You are permitted to take a distribution from your Archer MSA at any time; however, only those amounts used exclusively to pay for qualified medical expenses are tax free. Unemployed file taxes Amounts that remain at the end of the year are generally carried over to the next year (see Excess contributions , earlier). Unemployed file taxes Earnings on amounts in an Archer MSA are not included in your income while held in the Archer MSA. Unemployed file taxes Death of the Archer MSA Holder You should choose a beneficiary when you set up your Archer MSA. Unemployed file taxes What happens to that Archer MSA when you die depends on whom you designate as the beneficiary. Unemployed file taxes Spouse is the designated beneficiary. Unemployed file taxes   If your spouse is the designated beneficiary of your Archer MSA, it will be treated as your spouse's Archer MSA after your death. Unemployed file taxes Spouse is not the designated beneficiary. Unemployed file taxes   If your spouse is not the designated beneficiary of your Archer MSA: The account stops being an Archer MSA, and The fair market value of the Archer MSA becomes taxable to the beneficiary in the year in which you die. Unemployed file taxes   If your estate is the beneficiary, the fair market value of the Archer MSA will be included on your final income tax return. Unemployed file taxes The amount taxable to a beneficiary other than the estate is reduced by any qualified medical expenses for the decedent that are paid by the beneficiary within 1 year after the date of death. Unemployed file taxes Filing Form 8853 You must file Form 8853 with your Form 1040 or Form 1040NR if you (or your spouse, if married filing a joint return) had any activity in your Archer MSA during the year. Unemployed file taxes You must file the form even if only your employer or your spouse's employer made contributions to the Archer MSA. Unemployed file taxes If, during the tax year, you are the beneficiary of two or more Archer MSAs or you are a beneficiary of an Archer MSA and you have your own Archer MSA, you must complete a separate Form 8853 for each MSA. Unemployed file taxes Enter “statement” at the top of each Form 8853 and complete the form as instructed. Unemployed file taxes Next, complete a controlling Form 8853 combining the amounts shown on each of the statement Forms 8853. Unemployed file taxes Attach the statements to your tax return after the controlling Form 8853. Unemployed file taxes Employer Participation This section contains the rules that employers must follow if they decide to make Archer MSAs available to their employees. Unemployed file taxes Unlike the previous discussions, “you” refers to the employer and not to the employee. Unemployed file taxes Health plan. Unemployed file taxes   If you want your employees to be able to have an Archer MSA, you must make an HDHP available to them. Unemployed file taxes You can provide no additional coverage other than those exceptions listed previously under Other health coverage . Unemployed file taxes Contributions. Unemployed file taxes   You can make contributions to your employees' Archer MSAs. Unemployed file taxes You deduct the contributions on the “Employee benefit programs” line of your business income tax return for the year in which you make the contributions. Unemployed file taxes If you are filing Form 1040, Schedule C, this is Part II, line 14. Unemployed file taxes Comparable contributions. Unemployed file taxes   If you decide to make contributions, you must make comparable contributions to all comparable participating employees' Archer MSAs. Unemployed file taxes Your contributions are comparable if they are either: The same amount, or The same percentage of the annual deductible limit under the HDHP covering the employees. Unemployed file taxes Comparable participating employees. Unemployed file taxes   Comparable participating employees: Are covered by your HDHP and are eligible to establish an Archer MSA, Have the same category of coverage (either self-only or family coverage), and Have the same category of employment (either part-time or full-time). Unemployed file taxes Excise tax. Unemployed file taxes   If you made contributions to your employees' Archer MSAs that were not comparable, you must pay an excise tax of 35% of the amount you contributed. Unemployed file taxes Employment taxes. Unemployed file taxes   Amounts you contribute to your employees' Archer MSAs are generally not subject to employment taxes. Unemployed file taxes You must report the contributions in box 12 of the Form W-2 you file for each employee. Unemployed file taxes Enter code “R” in box 12. Unemployed file taxes Medicare Advantage MSAs A Medicare Advantage MSA is an Archer MSA designated by Medicare to be used solely to pay the qualified medical expenses of the account holder. Unemployed file taxes To be eligible for a Medicare Advantage MSA, you must be enrolled in Medicare and have a high deductible health plan (HDHP) that meets the Medicare guidelines. Unemployed file taxes A Medicare Advantage MSA is a tax-exempt trust or custodial savings account that you set up with a financial institution (such as a bank or an insurance company) in which the Medicare program can deposit money for qualified medical expenses. Unemployed file taxes The money in your account is not taxed if it is used for qualified medical expenses, and it may earn interest or dividends. Unemployed file taxes An HDHP is a special health insurance policy that has a high deductible. Unemployed file taxes You choose the policy you want to use as part of your Medicare Advantage MSA plan. Unemployed file taxes However, the policy must be approved by the Medicare program. Unemployed file taxes Medicare Advantage MSAs are administered through the federal Medicare program. Unemployed file taxes You can get information by calling 1-800-Medicare (1-800-633-4227) or through the Internet at www. Unemployed file taxes medicare. Unemployed file taxes gov. Unemployed file taxes Note. Unemployed file taxes You must file Form 8853, Archer MSAs and Long-Term Care Insurance Contracts, with your tax return if you have a Medicare Advantage MSA. Unemployed file taxes Flexible Spending Arrangements (FSAs) A health flexible spending arrangement (FSA) allows employees to be reimbursed for medical expenses. Unemployed file taxes FSAs are usually funded through voluntary salary reduction agreements with your employer. Unemployed file taxes No employment or federal income taxes are deducted from your contribution. Unemployed file taxes The employer may also contribute. Unemployed file taxes Note. Unemployed file taxes Unlike HSAs or Archer MSAs which must be reported on Form 1040 or Form 1040NR, there are no reporting requirements for FSAs on your income tax return. Unemployed file taxes For information on the interaction between a health FSA and an HSA, see Other employee health plans under Qualifying for an HSA, earlier. Unemployed file taxes What are the benefits of an FSA?   You may enjoy several benefits from having an FSA. Unemployed file taxes Contributions made by your employer can be excluded from your gross income. Unemployed file taxes No employment or federal income taxes are deducted from the contributions. Unemployed file taxes Withdrawals may be tax free if you pay qualified medical expenses. Unemployed file taxes See Qualified medical expenses , later. Unemployed file taxes You can withdraw funds from the account to pay qualified medical expenses even if you have not yet placed the funds in the account. Unemployed file taxes Qualifying for an FSA Health FSAs are employer-established benefit plans. Unemployed file taxes These may be offered in conjunction with other employer-provided benefits as part of a cafeteria plan. Unemployed file taxes Employers have complete flexibility to offer various combinations of benefits in designing their plan. Unemployed file taxes You do not have to be covered under any other health care plan to participate. Unemployed file taxes Self-employed persons are not eligible for an FSA. Unemployed file taxes Certain limitations may apply if you are a highly compensated participant or a key employee. Unemployed file taxes Contributions to an FSA You contribute to your FSA by electing an amount to be voluntarily withheld from your pay by your employer. Unemployed file taxes This is sometimes called a salary reduction agreement. Unemployed file taxes The employer may also contribute to your FSA if specified in the plan. Unemployed file taxes You do not pay federal income tax or employment taxes on the salary you contribute or the amounts your employer contributes to the FSA. Unemployed file taxes However, contributions made by your employer to provide coverage for long-term care insurance must be included in income. Unemployed file taxes When To Contribute At the
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The Mine Safety and Health Administration works to prevent mining related deaths, injuries, and illnesses through mine regulations, inspections, and training programs.

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Website: Mine Safety and Health Administration

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The Unemployed File Taxes

Unemployed file taxes 6. Unemployed file taxes   Ingresos de Propinas Table of Contents Introduction Useful Items - You may want to see: Cómo Mantener un Registro Diario de PropinasRegistro electrónico de propinas. Unemployed file taxes Cómo Declarar las Propinas a su EmpleadorInforme electrónico de propinas. Unemployed file taxes Declaración final. Unemployed file taxes Cómo se Declaran las Propinas en la Declaración de Impuestos Asignación de Propinas Introduction Este capítulo es para empleados que reciben propinas. Unemployed file taxes Todas las propinas que usted reciba son ingresos y están sujetas al impuesto federal sobre los ingresos. Unemployed file taxes Tiene que incluir en el ingreso bruto todas las propinas que reciba directamente, propinas recibidas por medio de cargos a tarjetas de crédito o débito que le son entregadas por su empleador y su participación de todas las propinas recibidas de un fondo común u otro acuerdo de distribución de propinas. Unemployed file taxes El valor de las propinas que no son pagadas en efectivo, tales como boletos, pases u otros artículos de valor también son ingresos y están sujetos al impuesto. Unemployed file taxes La declaración correcta de los ingresos de propinas no es difícil. Unemployed file taxes Usted tiene que completar tres pasos: Mantener un registro diario de propinas. Unemployed file taxes Declarar sus propinas a su empleador. Unemployed file taxes Declarar todas sus propinas en su declaración de impuestos. Unemployed file taxes  Este capítulo le explicará estos tres pasos y le ayudará a determinar cómo completar su declaración de impuestos si no ha realizado los dos primeros pasos. Unemployed file taxes Este capítulo también le mostrará cómo tratar las propinas asignadas. Unemployed file taxes Para información sobre acuerdos y programas especiales relacionados con las propinas, vea la Publicación 531, en inglés. Unemployed file taxes Useful Items - You may want to see: Publicación 531 Reporting Tip Income (Cómo declarar los ingresos de propinas), en inglés 1244-PR Registro Diario de Propinas Recibidas por el(la) Empleado(a) e Informe al Patrono, en español 1244 Employee's Daily Record of Tips and Report to Employer (Registro Diario de Propinas Recibidas por el(la) Empleado(a) e Informe al Empleador), en inglés Formularios (e Instrucciones) 4137 Social Security and Medicare Tax on Unreported Tip Income (Impuestos del Seguro Social y Medicare sobre el ingreso de propinas no declaradas), en inglés 4070-PR Informe al Patrono de Propinas Recibidas por el(la) Empleado(a), disponible en español 4070 Employee's Report of Tips to Employer (Informe al Empleador de Propinas Recibidas por el(la) Empleado(a)), en inglés Cómo Mantener un Registro Diario de Propinas ¿Por qué mantener un registro diario de propinas?   Usted tiene que mantener un registro diario de propinas para que pueda: Declarar sus propinas correctamente a su empleador, Declarar sus propinas correctamente en su declaración de impuestos y Comprobar sus ingresos de propinas si se cuestiona su declaración. Unemployed file taxes Cómo mantener un registro diario de propinas. Unemployed file taxes   Hay dos maneras de mantener un registro diario de propinas. Unemployed file taxes Puede optar por: Anotar la información sobre sus propinas en un diario de propinas o Mantener copias de documentos que comprueben sus propinas, tales como cuentas de restaurantes y recibos de cargos hechos a tarjetas de crédito o de débito. Unemployed file taxes Usted debe mantener su registro diario de propinas junto con su documentación tributaria u otra documentación personal. Unemployed file taxes Tiene que guardar su documentación por el tiempo en que sea importante para la aplicación de la ley tributaria federal. Unemployed file taxes Para información sobre cuánto tiempo debe guardar esta documentación, vea el tema titulado Cuánto Tiempo Debe Mantener Los Documentos , en el capítulo 1. Unemployed file taxes    Si mantiene un registro de propinas, puede utilizar el Formulario 4070A-PR, Registro Diario de Propinas del(la) Empleado(a) (o el Formulario 4070-A, en inglés). Unemployed file taxes Para obtener el Formulario 4070A-PR (o el Formulario 4070-A), pídale al IRS o a su empleador la Publicación 1244-PR (o la Publicación 1244, en inglés). Unemployed file taxes Asimismo, la Publicación 1244-PR está disponible en el sitio web www. Unemployed file taxes irs. Unemployed file taxes gov/pub/irs-pdf/p1244pr. Unemployed file taxes pdf. Unemployed file taxes La Publicación 1244-PR (o la Publicación 1244, en inglés) contiene suficientes copias del Formulario 4070A-PR (o del Formulario 4070-A, en inglés) para un año. Unemployed file taxes Cada día, anote la información solicitada en el formulario. Unemployed file taxes   Además de la información solicitada en el Formulario 4070A-PR, también es necesario que mantenga un registro u otra documentación de la fecha y el valor de toda propina que reciba que no sea en efectivo, tales como boletos, pases u otros artículos de valor. Unemployed file taxes Aunque no declara estas propinas a su empleador, tiene que declararlas en su declaración de impuestos. Unemployed file taxes   Si no utiliza el Formulario 4070A-PR (o el Formulario 4070-A, en inglés), comience su registro escribiendo su nombre, el nombre de su empleador y el nombre del negocio o establecimiento donde trabaja si es distinto al nombre de su empleador. Unemployed file taxes Luego, cada día que trabaje, anote la fecha y la siguiente información: Propinas en efectivo que obtiene directamente de los clientes o de otros empleados. Unemployed file taxes Propinas de los clientes que pagan con tarjeta de crédito y de débito que su empleador le paga. Unemployed file taxes El valor de toda propina que haya recibido que no sea pagada en efectivo, tales como boletos, pases y otros artículos de valor. Unemployed file taxes La cantidad de propinas que usted le pagó a otros empleados a través de un fondo común u otro acuerdo de distribución de propinas y los nombres de los empleados a los cuales les pagó las propinas. Unemployed file taxes Registro electrónico de propinas. Unemployed file taxes   Usted puede utilizar un sistema electrónico provisto por su empleador para mantener un registro de propinas diarias. Unemployed file taxes En tal caso, tiene que recibir y guardar una copia en papel de este registro. Unemployed file taxes Cargos por servicios. Unemployed file taxes   No anote en su registro de propinas la cantidad de ningún cargo por servicios que su empleador añada a la cuenta de un cliente y que luego le pague a usted y que el empleador trate como salario de usted. Unemployed file taxes Los cargos de este tipo son parte de su salario, no son propinas. Unemployed file taxes Vea los ejemplos que se presentan a continuación. Unemployed file taxes Ejemplo 1. Unemployed file taxes El restaurante Buena Comida añade un cargo del 18% a la cuenta de grupos de 6 o más clientes. Unemployed file taxes Juanita forma parte de un grupo de 8 personas. Unemployed file taxes Además del costo de la comida y bebidas que se sirvieron a todos en el grupo de Juanita, la cuenta incluye un monto igual al 18% del costo de las mismas, el cual aparece en la línea para anotar propinas. Unemployed file taxes Dicho monto se incluye en el total de la cuenta. Unemployed file taxes Debido a que Juanita no tenía un derecho ilimitado de determinar el monto en la línea para anotar propinas, el cargo del 18% se considera un cargo por servicios. Unemployed file taxes No anote el cargo del 18% en su registro de propinas. Unemployed file taxes Los cargos por servicios que se le paguen son considerados salarios y no propinas. Unemployed file taxes Ejemplo 2. Unemployed file taxes El restaurante Buena Comida también incluye ejemplos de cálculos para las cantidades de propinas en la parte inferior de la cuenta para la comida y las bebidas servidas a los clientes. Unemployed file taxes En la parte inferior de la cuenta de David, debajo de la línea para la firma, se incluye una línea en blanco para anotar propinas, además de ejemplos de propinas calculadas en base al 15%, 18% y 20% de los costos de la comida y bebidas que le sirvieron. Unemployed file taxes Debido a que David tenía libertad para anotar cualquier cantidad en la línea para anotar propinas, o dejarla en blanco, cualquier cantidad que David anote se considera propina. Unemployed file taxes Cerciórese de incluir esta cantidad en su registro de propinas. Unemployed file taxes Cómo Declarar las Propinas a su Empleador ¿Por qué tiene que declarar sus propinas a su empleador?   Tiene que declarar sus propinas a su empleador para que: Éste pueda retenerle impuesto federal sobre el ingreso, impuestos del Seguro Social, impuestos de Medicare, Impuesto Adicional del Medicare o impuestos de la jubilación ferroviaria, Éste pueda declarar la cantidad correcta de sus ganancias a la Administración del Seguro Social o a la Junta de la Jubilación Ferroviaria (lo cual afecta sus beneficios cuando se jubile o si queda incapacitado, o los beneficios de su familia cuando usted fallezca) y Usted pueda evitar la Multa por no declarar las propinas a su empleador (tema explicado más adelante). Unemployed file taxes Propinas que tiene que declarar a su empleador. Unemployed file taxes   Declárele a su empleador solamente las propinas que reciba en efectivo, en cheques, tarjetas de débito y de crédito. Unemployed file taxes   Si el total de las propinas que reciba de un trabajo en un mes determinado es menos de $20, no declare las propinas de ese mes a ese empleador. Unemployed file taxes   Si recibe propinas conforme a un acuerdo para compartir propinas equitativamente, declare sólo las propinas que reciba y retenga. Unemployed file taxes No declare a su empleador ninguna parte de las propinas que reciba para luego entregárselas a otros empleados. Unemployed file taxes Sin embargo, tiene que declarar las propinas que reciba de otros empleados. Unemployed file taxes    No declare a su empleador el valor de las propinas que no reciba en efectivo, tales como boletos o pases. Unemployed file taxes No se pagan impuestos del Seguro Social, Medicare, Impuesto Adicional del Medicare o impuestos de la jubilación ferroviaria sobre estas propinas. Unemployed file taxes Cómo se declaran las propinas. Unemployed file taxes    Si su empleador no le proporciona otro medio para declarar las propinas, puede usar el Formulario 4070-PR, en español (o el Formulario 4070, en inglés). Unemployed file taxes Escriba la información requerida en el formulario, incluya su firma y la fecha y entrégueselo a su empleador. Unemployed file taxes Si desea obtener copias del formulario para un año completo, comuníquese con el IRS o pídale a su empleador la Publicación 1244-PR (o la Publicación 1244, en inglés). Unemployed file taxes   Si no usa el Formulario 4070-PR (o el Formulario 4070, en inglés), entréguele a su empleador un informe con la información siguiente: Su nombre, dirección y número de Seguro Social. Unemployed file taxes El nombre de su empleador, la dirección y el nombre del establecimiento (si es diferente al nombre del empleador). Unemployed file taxes El mes (o las fechas de cualquier período más corto) en el cual usted recibió propinas. Unemployed file taxes El total de propinas que se tienen que declarar para ese período. Unemployed file taxes Usted tiene que firmar y fechar el informe. Unemployed file taxes Cerciórese de guardar una copia junto con sus documentos tributarios u otros documentos personales. Unemployed file taxes   Su empleador puede requerirle que declare sus propinas más de una vez al mes. Unemployed file taxes Sin embargo, el informe no puede abarcar un período mayor de un mes natural. Unemployed file taxes Informe electrónico de propinas. Unemployed file taxes   Su empleador puede exigir que facilite su informe de propinas por medios electrónicos. Unemployed file taxes Cuándo debe declarar las propinas. Unemployed file taxes   Entregue a su empleador el informe correspondiente a cada mes, a más tardar el día 10 del mes siguiente. Unemployed file taxes Si el día 10 cae en sábado, domingo o día feriado legal, entonces entréguele el informe a su empleador el próximo día siempre que no sea sábado, domingo o día feriado legal. Unemployed file taxes Ejemplo. Unemployed file taxes Tiene que declararle a su empleador la cantidad de propinas que recibió en septiembre del año 2014 a más tardar el día 10 de octubre de 2014. Unemployed file taxes Declaración final. Unemployed file taxes   Si deja de trabajar durante el mes, puede declarar las propinas recibidas cuando termine su empleo. Unemployed file taxes Multa por no declarar las propinas. Unemployed file taxes   Si no le declara a su empleador las propinas que recibió, tal como se requiere, puede estar sujeto a que se le imponga una multa equivalente al 50% de los impuestos del Seguro Social, Medicare, Impuesto Adicional del Medicare o impuesto de la jubilación ferroviaria que adeude sobre las propinas que no declaró. Unemployed file taxes (Para información sobre estos impuestos, vea Cómo declarar los impuestos del Seguro Social, Medicare, Impuesto Adicional del Medicare o impuesto de la jubilación ferroviaria sobre las propinas no declaradas a su empleador , bajo Cómo se Declaran las Propinas en la Declaración de Impuestos, más adelante). Unemployed file taxes La cantidad de la multa que se impone es adicional a los impuestos que adeude. Unemployed file taxes   Puede evitar que esta multa le sea impuesta si puede demostrar que existe causa razonable por la cual no le declaró las propinas a su empleador. Unemployed file taxes Para hacerlo, adjunte un documento escrito a su declaración de impuestos explicando la razón por la cual no declaró la cantidad de propinas que recibió. Unemployed file taxes Entrega de dinero al empleador para el pago de los impuestos. Unemployed file taxes   Es posible que lo que gana normalmente no sea suficiente para que su empleador le retenga todos los impuestos que adeude sobre su salario normal más las propinas que recibe. Unemployed file taxes Si esto ocurre, puede entregarle dinero a su empleador hasta el cierre del año natural para pagar el resto de los impuestos. Unemployed file taxes   Si no le entrega dinero suficiente a su empleador, el mismo aplicará su salario normal y todo dinero que usted le entregue para los impuestos, en el orden siguiente: Todos los impuestos sobre su salario normal. Unemployed file taxes Los impuestos del Seguro Social, Medicare, Impuesto Adicional del Medicare o impuestos de la jubilación ferroviaria sobre las propinas que declaró. Unemployed file taxes Los impuestos federales, estatales y locales sobre los ingresos sobre las propinas que declaró. Unemployed file taxes    Su empleador puede descontar de su próximo salario todo impuesto que quede pendiente. Unemployed file taxes Si al final del año aún no se le han retenido suficientes impuestos, usted puede estar sujeto a una multa por pago insuficiente de impuestos estimados. Unemployed file taxes Vea la Publicación 505, Tax Withholding and Estimated Tax (Retención de impuestos e impuesto estimado), en inglés, para más información. Unemployed file taxes    Impuestos no recaudados. Unemployed file taxes Usted tiene que informar en su declaración de impuestos todo impuesto del Seguro Social y Medicare o impuestos de la jubilación ferroviaria que no se recaudaron al final del año 2013. Unemployed file taxes Estos impuestos no recaudados aparecerán en su Formulario W-2 del año 2013. Unemployed file taxes Vea el tema titulado Cómo se declaran los impuestos no recaudados del Seguro Social, Medicare o impuesto de la jubilación ferroviaria sobre propinas declaradas a su empleador , bajo Cómo se Declaran las Propinas en la Declaración de Impuestos, a continuación. Unemployed file taxes Cómo se Declaran las Propinas en la Declaración de Impuestos Cómo se declaran las propinas. Unemployed file taxes    Declare las propinas que recibió junto con su salario en la línea 7 del Formulario 1040, la línea 7 del Formulario 1040A o en la línea 1 del Formulario 1040EZ. Unemployed file taxes Qué propinas se tienen que declarar. Unemployed file taxes   Usted tiene que informar en su declaración de impuestos todas las propinas que recibió en 2013. Unemployed file taxes Incluya las que recibió en efectivo y las que no fueron en efectivo. Unemployed file taxes Toda propina que usted haya declarado en 2013 a su empleador está incluida en los salarios que aparecen en el recuadro 1 de su Formulario W-2. Unemployed file taxes Sume a la cantidad del recuadro 1 solamente las propinas que usted no le declaró a su empleador. Unemployed file taxes    Si recibió $20 o más en propinas en efectivo o cargadas a tarjetas de crédito o débito en un mes y no las declaró a su empleador, vea más adelante el tema titulado Cómo declarar los impuestos del Seguro Social, Medicare, Impuesto Adicional del Medicare o impuesto de la jubilación ferroviaria sobre las propinas no declaradas a su empleador . Unemployed file taxes    Si usted no llevó un registro diario de las propinas que recibió, tal como se requiere, y aparece una cantidad en el recuadro 8 del Formulario W-2, vea más adelante la sección titulada Asignación de Propinas . Unemployed file taxes   Si usted llevó un registro diario y declaró a su empleador todas las propinas que recibió, tal como se requiere conforme a las reglas explicadas anteriormente, añada a la cantidad que aparece en el recuadro 1 de su Formulario W-2 las siguientes propinas: Las propinas que recibió tanto en efectivo como cargadas a tarjetas de crédito o débito que fueron menos de $20 en un mes cualquiera. Unemployed file taxes El valor de las propinas que no recibió en efectivo, tales como boletos, pases u otros artículos de valor. Unemployed file taxes Ejemplo. Unemployed file taxes Mariano Almendares comenzó a trabajar en el Restaurante Océano Azul (su único empleador en el año 2013) el día 30 de junio y recibió $10,000 en salarios durante el año. Unemployed file taxes Mariano llevó un registro diario de las propinas que recibió durante el año, el cual muestra que en junio recibió $18 en propinas y en el resto del año recibió $7,000 en propinas. Unemployed file taxes Al Sr. Unemployed file taxes Almendares no se le requirió declararle a su empleador las propinas que recibió en junio, pero sí le declaró todas las propinas que recibió durante el resto del año, tal como se requiere. Unemployed file taxes El Formulario W-2 que el Sr. Unemployed file taxes Almendares recibió del Restaurante Océano Azul muestra $17,000 ($10,000 de salario más $7,000 de propinas declaradas) en el recuadro 1. Unemployed file taxes El Sr. Unemployed file taxes Almendares añade a esa cantidad los $18 de propinas que no le declaró al empleador y declara $17,018 como salario en su declaración de impuestos. Unemployed file taxes Cómo declarar los impuestos del Seguro Social, Medicare, Impuesto Adicional del Medicare o impuesto de la jubilación ferroviaria sobre las propinas no declaradas a su empleador. Unemployed file taxes    Si en un mes recibió $20 o más en propinas en efectivo o cargadas a tarjetas de crédito o débito en algún empleo y no declaró todas esas propinas a su empleador, tiene que declarar como impuesto adicional los impuestos del Seguro Social, Medicare e Impuesto Adicional del Medicare sobre las propinas que no declaró a su empleador. Unemployed file taxes Para declarar estos impuestos, tiene que presentar una declaración aunque de otro modo no tuviera que presentarla. Unemployed file taxes Para hacerlo, tiene que usar el Formulario 1040. Unemployed file taxes (No puede presentar el Formulario 1040EZ ni el Formulario 1040A). Unemployed file taxes    Use el Formulario 4137, Social Security and Medicare Tax on Unreported Tip Income (Impuestos del Seguro Social y de Medicare sobre el ingreso de propinas no declaradas), en inglés, para calcular los impuestos al Seguro Social y al Medicare. Unemployed file taxes Anote el impuesto en su declaración como se indica y adjunte el Formulario 4137 debidamente completado a la misma. Unemployed file taxes Use el Formulario 8959, en inglés, para calcular el Impuesto Adicional del Medicare. Unemployed file taxes    Si usted está sujeto a la Railroad Retirement Tax Act (Ley Tributaria para la Jubilación Ferroviaria), no puede utilizar el Formulario 4137 para pagar el impuesto para la jubilación ferroviaria sobre propinas no declaradas. Unemployed file taxes Para obtener crédito para la jubilación ferroviaria, tiene que declarar sus propinas a su empleador. Unemployed file taxes Cómo se declaran los impuestos no recaudados del Seguro Social, Medicare o impuesto de la jubilación ferroviaria sobre propinas declaradas a su empleador. Unemployed file taxes   Usted podría tener impuestos sin recaudar si su salario normal no es suficiente para que su empleador retenga todos los impuestos adeudados y si no le dio a su empleador dinero suficiente para pagar el resto de los impuestos. Unemployed file taxes Para más información, vea Entrega de dinero al empleador para el pago de los impuestos , bajo Cómo Declarar las Propinas a su Empleador, anteriormente. Unemployed file taxes   Si su empleador no pudo recaudar todos los impuestos al Seguro Social y al Medicare o impuesto de la jubilación ferroviaria que usted adeuda sobre propinas declaradas para 2013, los impuestos por recaudar se mostrarán en el recuadro 12 del Formulario W-2 (códigos A y B). Unemployed file taxes Tiene que declarar estas cantidades como impuesto adicional en su declaración. Unemployed file taxes A diferencia de la parte no recaudada del impuesto regular al Medicare (1. Unemployed file taxes 45%), el Impuesto Adicional del Medicare no recaudado no se declara en el recuadro 12 del Formulario W-2 con el código B. Unemployed file taxes    Para declarar estos impuestos no recaudados, tiene que presentar una declaración aunque no tuviera que presentarla de otro modo. Unemployed file taxes Tiene que declarar estos impuestos en la línea 60 del Formulario 1040. Unemployed file taxes Vea las instrucciones para la línea 60 del Formulario 1040, disponibles en inglés. Unemployed file taxes (No puede presentar el Formulario 1040EZ ni el Formulario 1040A). Unemployed file taxes Asignación de Propinas Si su empleador le asignó propinas, las mismas aparecen por separado en el recuadro 8 de su Formulario W-2. Unemployed file taxes Estas propinas no están incluidas en el recuadro 1 con sus salarios y propinas declaradas. Unemployed file taxes Si el recuadro 8 está en blanco, lo que se explica en esta sección no es aplicable en su caso. Unemployed file taxes ¿Qué son propinas asignadas?   Éstas son propinas que su empleador le asignó, además de las que usted le declaró para el año. Unemployed file taxes Su empleador habrá hecho esto únicamente si: Usted trabajó en un establecimiento (restaurante, bar o negocio similar) que tiene que asignar las propinas a los empleados y La cantidad de propinas que declaró a su empleador fue menos de su parte del 8% de las ventas de comidas y bebidas del establecimiento donde usted trabajó. Unemployed file taxes De las propinas asignadas, no se retienen impuestos sobre los ingresos, Seguro Social, Medicare, Impuesto Adicional del Medicare ni impuestos de la jubilación ferroviaria. Unemployed file taxes ¿Cómo se calcula su asignación de propinas?   Las propinas que se le asignan a usted son su parte de una cantidad calculada restando las propinas declaradas de todos los empleados del 8% (u otra tasa más baja aprobada) de las ventas de comida y bebida (que no sean ventas de comida para llevar por los clientes o ventas con un cargo por servicio del 10% o más). Unemployed file taxes Su parte de esa cantidad fue calculada utilizando un método provisto por un acuerdo laboral entre empleador y empleado o por un método provisto por los reglamentos del IRS basado en las ventas hechas o las horas trabajadas por los empleados. Unemployed file taxes Para más información sobre el método de asignación exacto utilizado, consulte a su empleador. Unemployed file taxes ¿Tiene que incluir en la declaración sus propinas asignadas?   Tiene que incluir en la declaración de impuestos todas las propinas que recibió en 2013, incluyendo las propinas pagadas en efectivo como las no pagadas en efectivo. Unemployed file taxes Todas las propinas que usted haya declarado en 2013 a su empleador están incluidas en los salarios que aparecen en el recuadro 1 de su Formulario W-2. Unemployed file taxes Sume a la cantidad del recuadro 1 solamente las propinas que usted no le declaró a su empleador. Unemployed file taxes Esto tiene que incluir toda propina asignada mostrada en el recuadro 8 de su(s) Formulario(s) W-2, a menos que tenga registros confiables que muestren que recibió menos propinas en el año que las cifras asignadas. Unemployed file taxes   Vea los temas titulados Qué propinas se tienen que declarar , bajo Cómo se Declaran las Propinas en la Declaración de Impuestos y Cómo Mantener un Registro Diario de Propinas , anteriormente. Unemployed file taxes Cómo declarar las propinas asignadas. Unemployed file taxes   Declare la cantidad en el recuadro 1 y las propinas asignadas en el recuadro 8 de su(s) Formulario(s) W-2 como salario en la línea 7 del Formulario 1040, en la línea 8 del Formulario 1040NR o en la línea 3 del Formulario 1040NR-EZ. Unemployed file taxes (No puede presentar el Formulario 1040A ni el Formulario 1040EZ cuando se tienen propinas asignadas). Unemployed file taxes    Debido a que los impuestos del Seguro Social, Medicare o Impuesto Adicional del Medicare no fueron retenidos de las propinas asignadas, tiene que declararlos como impuestos adicionales en su declaración. Unemployed file taxes Complete el Formulario 4137 e incluya las propinas asignadas en la línea 1 del formulario. Unemployed file taxes Vea Cómo declarar los impuestos del Seguro Social, Medicare, Impuesto Adicional del Medicare o impuesto de la jubilación ferroviaria sobre las propinas no declaradas a su empleador , bajo Cómo se Declaran las Propinas en la Declaración de Impuestos. Unemployed file taxes Prev  Up  Next   Home   More Online Publications