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Amend 2009 Tax Return Online Free

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Amend 2009 Tax Return Online Free

Amend 2009 tax return online free 1. Amend 2009 tax return online free   Traditional IRAs Table of Contents What's New for 2013 What's New for 2014 Introduction Who Can Open a Traditional IRA?What Is Compensation? When Can a Traditional IRA Be Opened? How Can a Traditional IRA Be Opened?Individual Retirement Account Individual Retirement Annuity Individual Retirement Bonds Simplified Employee Pension (SEP) Employer and Employee Association Trust Accounts Required Disclosures How Much Can Be Contributed?Limit. Amend 2009 tax return online free When repayment contributions can be made. Amend 2009 tax return online free No deduction. Amend 2009 tax return online free Reserve component. Amend 2009 tax return online free Figuring your IRA deduction. Amend 2009 tax return online free Reporting the repayment. Amend 2009 tax return online free Example. Amend 2009 tax return online free General Limit Kay Bailey Hutchison Spousal IRA Limit Filing Status Less Than Maximum Contributions More Than Maximum Contributions When Can Contributions Be Made? How Much Can You Deduct?Kay Bailey Hutchison Spousal IRA. Amend 2009 tax return online free Are You Covered by an Employer Plan? Limit if Covered by Employer Plan Reporting Deductible Contributions Nondeductible Contributions Examples — Worksheet for Reduced IRA Deduction for 2013 What if You Inherit an IRA?Treating it as your own. Amend 2009 tax return online free Can You Move Retirement Plan Assets?Transfers to Roth IRAs from other retirement plans. Amend 2009 tax return online free Trustee-to-Trustee Transfer Rollovers Transfers Incident To Divorce Converting From Any Traditional IRA Into a Roth IRA Recharacterizations When Can You Withdraw or Use Assets?Contributions Returned Before Due Date of Return When Must You Withdraw Assets? (Required Minimum Distributions)IRA Owners IRA Beneficiaries Which Table Do You Use To Determine Your Required Minimum Distribution? What Age(s) Do You Use With the Table(s)? Miscellaneous Rules for Required Minimum Distributions Are Distributions Taxable?January 2013 QCDs treated as made in 2012. Amend 2009 tax return online free 2013 Reporting. Amend 2009 tax return online free Additional reporting requirements if you made the election to treat a January 2013 QCD as made in 2012. Amend 2009 tax return online free One-time transfer. Amend 2009 tax return online free Testing period rules apply. Amend 2009 tax return online free More information. Amend 2009 tax return online free Distributions Fully or Partly Taxable Figuring the Nontaxable and Taxable Amounts Recognizing Losses on Traditional IRA Investments Other Special IRA Distribution Situations Reporting and Withholding Requirements for Taxable Amounts What Acts Result in Penalties or Additional Taxes?Prohibited Transactions Investment in Collectibles Excess Contributions Early Distributions Excess Accumulations (Insufficient Distributions) Reporting Additional Taxes What's New for 2013 Traditional IRA contribution and deduction limit. Amend 2009 tax return online free  The contribution limit to your traditional IRA for 2013 will be increased to the smaller of the following amounts: $5,500, or Your taxable compensation for the year. Amend 2009 tax return online free If you were age 50 or older before 2014, the most that can be contributed to your traditional IRA for 2013 will be the smaller of the following amounts: $6,500, or Your taxable compensation for the year. Amend 2009 tax return online free For more information, see How Much Can Be Contributed? in this chapter. Amend 2009 tax return online free Modified AGI limit for traditional IRA contributions increased. Amend 2009 tax return online free  For 2013, if you were covered by a retirement plan at work, your deduction for contributions to a traditional IRA is reduced (phased out) if your modified AGI is: More than $95,000 but less than $115,000 for a married couple filing a joint return or a qualifying widow(er), More than $59,000 but less than $69,000 for a single individual or head of household, or Less than $10,000 for a married individual filing a separate return. Amend 2009 tax return online free If you either lived with your spouse or file a joint return, and your spouse was covered by a retirement plan at work, but you were not, your deduction is phased out if your modified AGI is more than $178,000 but less than $188,000. Amend 2009 tax return online free If your modified AGI is $188,000 or more, you cannot take a deduction for contributions to a traditional IRA. Amend 2009 tax return online free See How Much Can You Deduct? in this chapter. Amend 2009 tax return online free Net Investment Income Tax. Amend 2009 tax return online free  For purposes of the Net Investment Income Tax (NIIT), net investment income does not include distributions from a qualified retirement plan (for example, 401(a), 403(a), 403(b), 457(b) plans, and IRAs). Amend 2009 tax return online free However, these distributions are taken into account when determining the modified adjusted gross income threshold. Amend 2009 tax return online free Distributions from a nonqualified retirement plan are included in net investment income. Amend 2009 tax return online free See Form 8960, Net Investment Income Tax—Individuals, Estates, and Trusts, and its instructions for more information. Amend 2009 tax return online free What's New for 2014 Modified AGI limit for traditional IRA contributions increased. Amend 2009 tax return online free  For 2014, if you are covered by a retirement plan at work, your deduction for contributions to a traditional IRA is reduced (phased out) if your modified AGI is: More than $96,000 but less than $116,000 for a married couple filing a joint return or a qualifying widow(er), More than $60,000 but less than $70,000 for a single individual or head of household, or Less than $10,000 for a married individual filing a separate return. Amend 2009 tax return online free If you either live with your spouse or file a joint return, and your spouse is covered by a retirement plan at work, but you are not, your deduction is phased out if your modified AGI is more than $181,000 but less than $191,000. Amend 2009 tax return online free If your modified AGI is $191,000 or more, you cannot take a deduction for contributions to a traditional IRA. Amend 2009 tax return online free Introduction This chapter discusses the original IRA. Amend 2009 tax return online free In this publication the original IRA (sometimes called an ordinary or regular IRA) is referred to as a “traditional IRA. Amend 2009 tax return online free ” A traditional IRA is any IRA that is not a Roth IRA or a SIMPLE IRA. Amend 2009 tax return online free The following are two advantages of a traditional IRA: You may be able to deduct some or all of your contributions to it, depending on your circumstances. Amend 2009 tax return online free Generally, amounts in your IRA, including earnings and gains, are not taxed until they are distributed. Amend 2009 tax return online free Who Can Open a Traditional IRA? You can open and make contributions to a traditional IRA if: You (or, if you file a joint return, your spouse) received taxable compensation during the year, and You were not age 70½ by the end of the year. Amend 2009 tax return online free You can have a traditional IRA whether or not you are covered by any other retirement plan. Amend 2009 tax return online free However, you may not be able to deduct all of your contributions if you or your spouse is covered by an employer retirement plan. Amend 2009 tax return online free See How Much Can You Deduct , later. Amend 2009 tax return online free Both spouses have compensation. Amend 2009 tax return online free   If both you and your spouse have compensation and are under age 70½, each of you can open an IRA. Amend 2009 tax return online free You cannot both participate in the same IRA. Amend 2009 tax return online free If you file a joint return, only one of you needs to have compensation. Amend 2009 tax return online free What Is Compensation? Generally, compensation is what you earn from working. Amend 2009 tax return online free For a summary of what compensation does and does not include, see Table 1-1. Amend 2009 tax return online free Compensation includes all of the items discussed next (even if you have more than one type). Amend 2009 tax return online free Wages, salaries, etc. Amend 2009 tax return online free   Wages, salaries, tips, professional fees, bonuses, and other amounts you receive for providing personal services are compensation. Amend 2009 tax return online free The IRS treats as compensation any amount properly shown in box 1 (Wages, tips, other compensation) of Form W-2, Wage and Tax Statement, provided that amount is reduced by any amount properly shown in box 11 (Nonqualified plans). Amend 2009 tax return online free Scholarship and fellowship payments are compensation for IRA purposes only if shown in box 1 of Form W-2. Amend 2009 tax return online free Commissions. Amend 2009 tax return online free   An amount you receive that is a percentage of profits or sales price is compensation. Amend 2009 tax return online free Self-employment income. Amend 2009 tax return online free   If you are self-employed (a sole proprietor or a partner), compensation is the net earnings from your trade or business (provided your personal services are a material income-producing factor) reduced by the total of: The deduction for contributions made on your behalf to retirement plans, and The deduction allowed for the deductible part of your self-employment taxes. Amend 2009 tax return online free   Compensation includes earnings from self-employment even if they are not subject to self-employment tax because of your religious beliefs. Amend 2009 tax return online free Self-employment loss. Amend 2009 tax return online free   If you have a net loss from self-employment, do not subtract the loss from your salaries or wages when figuring your total compensation. Amend 2009 tax return online free Alimony and separate maintenance. Amend 2009 tax return online free   For IRA purposes, compensation includes any taxable alimony and separate maintenance payments you receive under a decree of divorce or separate maintenance. Amend 2009 tax return online free Nontaxable combat pay. Amend 2009 tax return online free   If you were a member of the U. Amend 2009 tax return online free S. Amend 2009 tax return online free Armed Forces, compensation includes any nontaxable combat pay you received. Amend 2009 tax return online free This amount should be reported in box 12 of your 2013 Form W-2 with code Q. Amend 2009 tax return online free Table 1-1. Amend 2009 tax return online free Compensation for Purposes of an IRA Includes . Amend 2009 tax return online free . Amend 2009 tax return online free . Amend 2009 tax return online free Does not include . Amend 2009 tax return online free . Amend 2009 tax return online free . Amend 2009 tax return online free   earnings and profits from property. Amend 2009 tax return online free wages, salaries, etc. Amend 2009 tax return online free     interest and dividend income. Amend 2009 tax return online free commissions. Amend 2009 tax return online free     pension or annuity income. Amend 2009 tax return online free self-employment income. Amend 2009 tax return online free     deferred compensation. Amend 2009 tax return online free alimony and separate maintenance. Amend 2009 tax return online free     income from certain  partnerships. Amend 2009 tax return online free nontaxable combat pay. Amend 2009 tax return online free     any amounts you exclude from income. Amend 2009 tax return online free     What Is Not Compensation? Compensation does not include any of the following items. Amend 2009 tax return online free Earnings and profits from property, such as rental income, interest income, and dividend income. Amend 2009 tax return online free Pension or annuity income. Amend 2009 tax return online free Deferred compensation received (compensation payments postponed from a past year). Amend 2009 tax return online free Income from a partnership for which you do not provide services that are a material income-producing factor. Amend 2009 tax return online free Conservation Reserve Program (CRP) payments reported on Schedule SE (Form 1040), line 1b. Amend 2009 tax return online free Any amounts (other than combat pay) you exclude from income, such as foreign earned income and housing costs. Amend 2009 tax return online free When Can a Traditional IRA Be Opened? You can open a traditional IRA at any time. Amend 2009 tax return online free However, the time for making contributions for any year is limited. Amend 2009 tax return online free See When Can Contributions Be Made , later. Amend 2009 tax return online free How Can a Traditional IRA Be Opened? You can open different kinds of IRAs with a variety of organizations. Amend 2009 tax return online free You can open an IRA at a bank or other financial institution or with a mutual fund or life insurance company. Amend 2009 tax return online free You can also open an IRA through your stockbroker. Amend 2009 tax return online free Any IRA must meet Internal Revenue Code requirements. Amend 2009 tax return online free The requirements for the various arrangements are discussed below. Amend 2009 tax return online free Kinds of traditional IRAs. Amend 2009 tax return online free   Your traditional IRA can be an individual retirement account or annuity. Amend 2009 tax return online free It can be part of either a simplified employee pension (SEP) or an employer or employee association trust account. Amend 2009 tax return online free Individual Retirement Account An individual retirement account is a trust or custodial account set up in the United States for the exclusive benefit of you or your beneficiaries. Amend 2009 tax return online free The account is created by a written document. Amend 2009 tax return online free The document must show that the account meets all of the following requirements. Amend 2009 tax return online free The trustee or custodian must be a bank, a federally insured credit union, a savings and loan association, or an entity approved by the IRS to act as trustee or custodian. Amend 2009 tax return online free The trustee or custodian generally cannot accept contributions of more than the deductible amount for the year. Amend 2009 tax return online free However, rollover contributions and employer contributions to a simplified employee pension (SEP) can be more than this amount. Amend 2009 tax return online free Contributions, except for rollover contributions, must be in cash. Amend 2009 tax return online free See Rollovers , later. Amend 2009 tax return online free You must have a nonforfeitable right to the amount at all times. Amend 2009 tax return online free Money in your account cannot be used to buy a life insurance policy. Amend 2009 tax return online free Assets in your account cannot be combined with other property, except in a common trust fund or common investment fund. Amend 2009 tax return online free You must start receiving distributions by April 1 of the year following the year in which you reach age 70½. Amend 2009 tax return online free See When Must You Withdraw Assets? (Required Minimum Distributions) , later. Amend 2009 tax return online free Individual Retirement Annuity You can open an individual retirement annuity by purchasing an annuity contract or an endowment contract from a life insurance company. Amend 2009 tax return online free An individual retirement annuity must be issued in your name as the owner, and either you or your beneficiaries who survive you are the only ones who can receive the benefits or payments. Amend 2009 tax return online free An individual retirement annuity must meet all the following requirements. Amend 2009 tax return online free Your entire interest in the contract must be nonforfeitable. Amend 2009 tax return online free The contract must provide that you cannot transfer any portion of it to any person other than the issuer. Amend 2009 tax return online free There must be flexible premiums so that if your compensation changes, your payment can also change. Amend 2009 tax return online free This provision applies to contracts issued after November 6, 1978. Amend 2009 tax return online free The contract must provide that contributions cannot be more than the deductible amount for an IRA for the year, and that you must use any refunded premiums to pay for future premiums or to buy more benefits before the end of the calendar year after the year in which you receive the refund. Amend 2009 tax return online free Distributions must begin by April 1 of the year following the year in which you reach age 70½. Amend 2009 tax return online free See When Must You Withdraw Assets? (Required Minimum Distributions) , later. Amend 2009 tax return online free Individual Retirement Bonds The sale of individual retirement bonds issued by the federal government was suspended after April 30, 1982. Amend 2009 tax return online free The bonds have the following features. Amend 2009 tax return online free They stop earning interest when you reach age 70½. Amend 2009 tax return online free If you die, interest will stop 5 years after your death, or on the date you would have reached age 70½, whichever is earlier. Amend 2009 tax return online free You cannot transfer the bonds. Amend 2009 tax return online free If you cash (redeem) the bonds before the year in which you reach age 59½, you may be subject to a 10% additional tax. Amend 2009 tax return online free See Age 59½ Rule under Early Distributions, later. Amend 2009 tax return online free You can roll over redemption proceeds into IRAs. Amend 2009 tax return online free Simplified Employee Pension (SEP) A simplified employee pension (SEP) is a written arrangement that allows your employer to make deductible contributions to a traditional IRA (a SEP IRA) set up for you to receive such contributions. Amend 2009 tax return online free Generally, distributions from SEP IRAs are subject to the withdrawal and tax rules that apply to traditional IRAs. Amend 2009 tax return online free See Publication 560 for more information about SEPs. Amend 2009 tax return online free Employer and Employee Association Trust Accounts Your employer or your labor union or other employee association can set up a trust to provide individual retirement accounts for employees or members. Amend 2009 tax return online free The requirements for individual retirement accounts apply to these traditional IRAs. Amend 2009 tax return online free Required Disclosures The trustee or issuer (sometimes called the sponsor) of your traditional IRA generally must give you a disclosure statement at least 7 days before you open your IRA. Amend 2009 tax return online free However, the sponsor does not have to give you the statement until the date you open (or purchase, if earlier) your IRA, provided you are given at least 7 days from that date to revoke the IRA. Amend 2009 tax return online free The disclosure statement must explain certain items in plain language. Amend 2009 tax return online free For example, the statement should explain when and how you can revoke the IRA, and include the name, address, and telephone number of the person to receive the notice of cancellation. Amend 2009 tax return online free This explanation must appear at the beginning of the disclosure statement. Amend 2009 tax return online free If you revoke your IRA within the revocation period, the sponsor must return to you the entire amount you paid. Amend 2009 tax return online free The sponsor must report on the appropriate IRS forms both your contribution to the IRA (unless it was made by a trustee-to-trustee transfer) and the amount returned to you. Amend 2009 tax return online free These requirements apply to all sponsors. Amend 2009 tax return online free How Much Can Be Contributed? There are limits and other rules that affect the amount that can be contributed to a traditional IRA. Amend 2009 tax return online free These limits and rules are explained below. Amend 2009 tax return online free Community property laws. Amend 2009 tax return online free   Except as discussed later under Kay Bailey Hutchison Spousal IRA Limit , each spouse figures his or her limit separately, using his or her own compensation. Amend 2009 tax return online free This is the rule even in states with community property laws. Amend 2009 tax return online free Brokers' commissions. Amend 2009 tax return online free   Brokers' commissions paid in connection with your traditional IRA are subject to the contribution limit. Amend 2009 tax return online free For information about whether you can deduct brokers' commissions, see Brokers' commissions , later, under How Much Can You Deduct. Amend 2009 tax return online free Trustees' fees. Amend 2009 tax return online free   Trustees' administrative fees are not subject to the contribution limit. Amend 2009 tax return online free For information about whether you can deduct trustees' fees, see Trustees' fees , later, under How Much Can You Deduct. Amend 2009 tax return online free Qualified reservist repayments. Amend 2009 tax return online free   If you were a member of a reserve component and you were ordered or called to active duty after September 11, 2001, you may be able to contribute (repay) to an IRA amounts equal to any qualified reservist distributions (defined later under Early Distributions) you received. Amend 2009 tax return online free You can make these repayment contributions even if they would cause your total contributions to the IRA to be more than the general limit on contributions. Amend 2009 tax return online free To be eligible to make these repayment contributions, you must have received a qualified reservist distribution from an IRA or from a section 401(k) or 403(b) plan or a similar arrangement. Amend 2009 tax return online free Limit. Amend 2009 tax return online free   Your qualified reservist repayments cannot be more than your qualified reservist distributions, explained under Early Distributions , later. Amend 2009 tax return online free When repayment contributions can be made. Amend 2009 tax return online free   You cannot make these repayment contributions later than the date that is 2 years after your active duty period ends. Amend 2009 tax return online free No deduction. Amend 2009 tax return online free   You cannot deduct qualified reservist repayments. Amend 2009 tax return online free Reserve component. Amend 2009 tax return online free   The term “reserve component” means the: Army National Guard of the United States, Army Reserve, Naval Reserve, Marine Corps Reserve, Air National Guard of the United States, Air Force Reserve, Coast Guard Reserve, or Reserve Corps of the Public Health Service. Amend 2009 tax return online free Figuring your IRA deduction. Amend 2009 tax return online free   The repayment of qualified reservist distributions does not affect the amount you can deduct as an IRA contribution. Amend 2009 tax return online free Reporting the repayment. Amend 2009 tax return online free   If you repay a qualified reservist distribution, include the amount of the repayment with nondeductible contributions on line 1 of Form 8606. Amend 2009 tax return online free Example. Amend 2009 tax return online free   In 2013, your IRA contribution limit is $5,500. Amend 2009 tax return online free However, because of your filing status and AGI, the limit on the amount you can deduct is $3,500. Amend 2009 tax return online free You can make a nondeductible contribution of $2,000 ($5,500 - $3,500). Amend 2009 tax return online free In an earlier year you received a $3,000 qualified reservist distribution, which you would like to repay this year. Amend 2009 tax return online free   For 2013, you can contribute a total of $8,500 to your IRA. Amend 2009 tax return online free This is made up of the maximum deductible contribution of $3,500; a nondeductible contribution of $2,000; and a $3,000 qualified reservist repayment. Amend 2009 tax return online free You contribute the maximum allowable for the year. Amend 2009 tax return online free Since you are making a nondeductible contribution ($2,000) and a qualified reservist repayment ($3,000), you must file Form 8606 with your return and include $5,000 ($2,000 + $3,000) on line 1 of Form 8606. Amend 2009 tax return online free The qualified reservist repayment is not deductible. Amend 2009 tax return online free Contributions on your behalf to a traditional IRA reduce your limit for contributions to a Roth IRA. Amend 2009 tax return online free See chapter 2 for information about Roth IRAs. Amend 2009 tax return online free General Limit For 2013, the most that can be contributed to your traditional IRA generally is the smaller of the following amounts: $5,500 ($6,500 if you are age 50 or older), or Your taxable compensation (defined earlier) for the year. Amend 2009 tax return online free Note. Amend 2009 tax return online free This limit is reduced by any contributions to a section 501(c)(18) plan (generally, a pension plan created before June 25, 1959, that is funded entirely by employee contributions). Amend 2009 tax return online free This is the most that can be contributed regardless of whether the contributions are to one or more traditional IRAs or whether all or part of the contributions are nondeductible. Amend 2009 tax return online free (See Nondeductible Contributions , later. Amend 2009 tax return online free ) Qualified reservist repayments do not affect this limit. Amend 2009 tax return online free Examples. Amend 2009 tax return online free George, who is 34 years old and single, earns $24,000 in 2013. Amend 2009 tax return online free His IRA contributions for 2013 are limited to $5,500. Amend 2009 tax return online free Danny, an unmarried college student working part time, earns $3,500 in 2013. Amend 2009 tax return online free His IRA contributions for 2013 are limited to $3,500, the amount of his compensation. Amend 2009 tax return online free More than one IRA. Amend 2009 tax return online free   If you have more than one IRA, the limit applies to the total contributions made on your behalf to all your traditional IRAs for the year. Amend 2009 tax return online free Annuity or endowment contracts. Amend 2009 tax return online free   If you invest in an annuity or endowment contract under an individual retirement annuity, no more than $5,500 ($6,500 if you are age 50 or older) can be contributed toward its cost for the tax year, including the cost of life insurance coverage. Amend 2009 tax return online free If more than this amount is contributed, the annuity or endowment contract is disqualified. Amend 2009 tax return online free Kay Bailey Hutchison Spousal IRA Limit For 2013, if you file a joint return and your taxable compensation is less than that of your spouse, the most that can be contributed for the year to your IRA is the smaller of the following two amounts: $5,500 ($6,500 if you are age 50 or older), or The total compensation includible in the gross income of both you and your spouse for the year, reduced by the following two amounts. Amend 2009 tax return online free Your spouse's IRA contribution for the year to a traditional IRA. Amend 2009 tax return online free Any contributions for the year to a Roth IRA on behalf of your spouse. Amend 2009 tax return online free This means that the total combined contributions that can be made for the year to your IRA and your spouse's IRA can be as much as $11,000 ($12,000 if only one of you is age 50 or older or $13,000 if both of you are age 50 or older). Amend 2009 tax return online free Note. Amend 2009 tax return online free This traditional IRA limit is reduced by any contributions to a section 501(c)(18) plan (generally, a pension plan created before June 25, 1959, that is funded entirely by employee contributions). Amend 2009 tax return online free Example. Amend 2009 tax return online free Kristin, a full-time student with no taxable compensation, marries Carl during the year. Amend 2009 tax return online free Neither of them was age 50 by the end of 2013. Amend 2009 tax return online free For the year, Carl has taxable compensation of $30,000. Amend 2009 tax return online free He plans to contribute (and deduct) $5,500 to a traditional IRA. Amend 2009 tax return online free If he and Kristin file a joint return, each can contribute $5,500 to a traditional IRA. Amend 2009 tax return online free This is because Kristin, who has no compensation, can add Carl's compensation, reduced by the amount of his IRA contribution ($30,000 − $5,500 = $24,500), to her own compensation (-0-) to figure her maximum contribution to a traditional IRA. Amend 2009 tax return online free In her case, $5,500 is her contribution limit, because $5,500 is less than $24,500 (her compensation for purposes of figuring her contribution limit). Amend 2009 tax return online free Filing Status Generally, except as discussed earlier under Kay Bailey Hutchison Spousal IRA Limit , your filing status has no effect on the amount of allowable contributions to your traditional IRA. Amend 2009 tax return online free However, if during the year either you or your spouse was covered by a retirement plan at work, your deduction may be reduced or eliminated, depending on your filing status and income. Amend 2009 tax return online free See How Much Can You Deduct , later. Amend 2009 tax return online free Example. Amend 2009 tax return online free Tom and Darcy are married and both are 53. Amend 2009 tax return online free They both work and each has a traditional IRA. Amend 2009 tax return online free Tom earned $3,800 and Darcy earned $48,000 in 2013. Amend 2009 tax return online free Because of the Kay Bailey Hutchison Spousal IRA limit rule, even though Tom earned less than $6,500, they can contribute up to $6,500 to his IRA for 2013 if they file a joint return. Amend 2009 tax return online free They can contribute up to $6,500 to Darcy's IRA. Amend 2009 tax return online free If they file separate returns, the amount that can be contributed to Tom's IRA is limited by his earned income, $3,800. Amend 2009 tax return online free Less Than Maximum Contributions If contributions to your traditional IRA for a year were less than the limit, you cannot contribute more after the due date of your return for that year to make up the difference. Amend 2009 tax return online free Example. Amend 2009 tax return online free Rafael, who is 40, earns $30,000 in 2013. Amend 2009 tax return online free Although he can contribute up to $5,500 for 2013, he contributes only $3,000. Amend 2009 tax return online free After April 15, 2014, Rafael cannot make up the difference between his actual contributions for 2013 ($3,000) and his 2013 limit ($5,500). Amend 2009 tax return online free He cannot contribute $2,500 more than the limit for any later year. Amend 2009 tax return online free More Than Maximum Contributions If contributions to your IRA for a year were more than the limit, you can apply the excess contribution in one year to a later year if the contributions for that later year are less than the maximum allowed for that year. Amend 2009 tax return online free However, a penalty or additional tax may apply. Amend 2009 tax return online free See Excess Contributions , later, under What Acts Result in Penalties or Additional Taxes. Amend 2009 tax return online free When Can Contributions Be Made? As soon as you open your traditional IRA, contributions can be made to it through your chosen sponsor (trustee or other administrator). Amend 2009 tax return online free Contributions must be in the form of money (cash, check, or money order). Amend 2009 tax return online free Property cannot be contributed. Amend 2009 tax return online free Although property cannot be contributed, your IRA may invest in certain property. Amend 2009 tax return online free For example, your IRA may purchase shares of stock. Amend 2009 tax return online free For other restrictions on the use of funds in your IRA, see Prohibited Transactions , later in this chapter. Amend 2009 tax return online free You may be able to transfer or roll over certain property from one retirement plan to another. Amend 2009 tax return online free See the discussion of rollovers and other transfers later in this chapter under Can You Move Retirement Plan Assets . Amend 2009 tax return online free You can make a contribution to your IRA by having your income tax refund (or a portion of your refund), if any, paid directly to your traditional IRA, Roth IRA, or SEP IRA. Amend 2009 tax return online free For details, see the instructions for your income tax return or Form 8888, Allocation of Refund (Including Savings Bond Purchases). Amend 2009 tax return online free Contributions can be made to your traditional IRA for each year that you receive compensation and have not reached age 70½. Amend 2009 tax return online free For any year in which you do not work, contributions cannot be made to your IRA unless you receive alimony, nontaxable combat pay, military differential pay, or file a joint return with a spouse who has compensation. Amend 2009 tax return online free See Who Can Open a Traditional IRA , earlier. Amend 2009 tax return online free Even if contributions cannot be made for the current year, the amounts contributed for years in which you did qualify can remain in your IRA. Amend 2009 tax return online free Contributions can resume for any years that you qualify. Amend 2009 tax return online free Contributions must be made by due date. Amend 2009 tax return online free   Contributions can be made to your traditional IRA for a year at any time during the year or by the due date for filing your return for that year, not including extensions. Amend 2009 tax return online free For most people, this means that contributions for 2013 must be made by April 15, 2014, and contributions for 2014 must be made by April 15, 2015. Amend 2009 tax return online free Age 70½ rule. Amend 2009 tax return online free   Contributions cannot be made to your traditional IRA for the year in which you reach age 70½ or for any later year. Amend 2009 tax return online free   You attain age 70½ on the date that is 6 calendar months after the 70th anniversary of your birth. Amend 2009 tax return online free If you were born on or before June 30, 1943, you cannot contribute for 2013 or any later year. Amend 2009 tax return online free Designating year for which contribution is made. Amend 2009 tax return online free   If an amount is contributed to your traditional IRA between January 1 and April 15, you should tell the sponsor which year (the current year or the previous year) the contribution is for. Amend 2009 tax return online free If you do not tell the sponsor which year it is for, the sponsor can assume, and report to the IRS, that the contribution is for the current year (the year the sponsor received it). Amend 2009 tax return online free Filing before a contribution is made. Amend 2009 tax return online free    You can file your return claiming a traditional IRA contribution before the contribution is actually made. Amend 2009 tax return online free Generally, the contribution must be made by the due date of your return, not including extensions. Amend 2009 tax return online free Contributions not required. Amend 2009 tax return online free   You do not have to contribute to your traditional IRA for every tax year, even if you can. Amend 2009 tax return online free How Much Can You Deduct? Generally, you can deduct the lesser of: The contributions to your traditional IRA for the year, or The general limit (or the Kay Bailey Hutchison Spousal IRA limit, if applicable) explained earlier under How Much Can Be Contributed . Amend 2009 tax return online free However, if you or your spouse was covered by an employer retirement plan, you may not be able to deduct this amount. Amend 2009 tax return online free See Limit if Covered by Employer Plan , later. Amend 2009 tax return online free You may be able to claim a credit for contributions to your traditional IRA. Amend 2009 tax return online free For more information, see chapter 4. Amend 2009 tax return online free Trustees' fees. Amend 2009 tax return online free   Trustees' administrative fees that are billed separately and paid in connection with your traditional IRA are not deductible as IRA contributions. Amend 2009 tax return online free However, they may be deductible as a miscellaneous itemized deduction on Schedule A (Form 1040). Amend 2009 tax return online free For information about miscellaneous itemized deductions, see Publication 529, Miscellaneous Deductions. Amend 2009 tax return online free Brokers' commissions. Amend 2009 tax return online free   These commissions are part of your IRA contribution and, as such, are deductible subject to the limits. Amend 2009 tax return online free Full deduction. Amend 2009 tax return online free   If neither you nor your spouse was covered for any part of the year by an employer retirement plan, you can take a deduction for total contributions to one or more of your traditional IRAs of up to the lesser of: $5,500 ($6,500 if you are age 50 or older), or 100% of your compensation. Amend 2009 tax return online free   This limit is reduced by any contributions made to a 501(c)(18) plan on your behalf. Amend 2009 tax return online free Kay Bailey Hutchison Spousal IRA. Amend 2009 tax return online free   In the case of a married couple with unequal compensation who file a joint return, the deduction for contributions to the traditional IRA of the spouse with less compensation is limited to the lesser of: $5,500 ($6,500 if the spouse with the lower compensation is age 50 or older), or The total compensation includible in the gross income of both spouses for the year reduced by the following three amounts. Amend 2009 tax return online free The IRA deduction for the year of the spouse with the greater compensation. Amend 2009 tax return online free Any designated nondeductible contribution for the year made on behalf of the spouse with the greater compensation. Amend 2009 tax return online free Any contributions for the year to a Roth IRA on behalf of the spouse with the greater compensation. Amend 2009 tax return online free   This limit is reduced by any contributions to a section 501(c)(18) plan on behalf of the spouse with the lesser compensation. Amend 2009 tax return online free Note. Amend 2009 tax return online free If you were divorced or legally separated (and did not remarry) before the end of the year, you cannot deduct any contributions to your spouse's IRA. Amend 2009 tax return online free After a divorce or legal separation, you can deduct only the contributions to your own IRA. Amend 2009 tax return online free Your deductions are subject to the rules for single individuals. Amend 2009 tax return online free Covered by an employer retirement plan. Amend 2009 tax return online free   If you or your spouse was covered by an employer retirement plan at any time during the year for which contributions were made, your deduction may be further limited. Amend 2009 tax return online free This is discussed later under Limit if Covered by Employer Plan . Amend 2009 tax return online free Limits on the amount you can deduct do not affect the amount that can be contributed. Amend 2009 tax return online free Are You Covered by an Employer Plan? The Form W-2 you receive from your employer has a box used to indicate whether you were covered for the year. Amend 2009 tax return online free The “Retirement Plan” box should be checked if you were covered. Amend 2009 tax return online free Reservists and volunteer firefighters should also see Situations in Which You Are Not Covered , later. Amend 2009 tax return online free If you are not certain whether you were covered by your employer's retirement plan, you should ask your employer. Amend 2009 tax return online free Federal judges. Amend 2009 tax return online free   For purposes of the IRA deduction, federal judges are covered by an employer plan. Amend 2009 tax return online free For Which Year(s) Are You Covered? Special rules apply to determine the tax years for which you are covered by an employer plan. Amend 2009 tax return online free These rules differ depending on whether the plan is a defined contribution plan or a defined benefit plan. Amend 2009 tax return online free Tax year. Amend 2009 tax return online free   Your tax year is the annual accounting period you use to keep records and report income and expenses on your income tax return. Amend 2009 tax return online free For almost all people, the tax year is the calendar year. Amend 2009 tax return online free Defined contribution plan. Amend 2009 tax return online free   Generally, you are covered by a defined contribution plan for a tax year if amounts are contributed or allocated to your account for the plan year that ends with or within that tax year. Amend 2009 tax return online free However, also see Situations in Which You Are Not Covered , later. Amend 2009 tax return online free   A defined contribution plan is a plan that provides for a separate account for each person covered by the plan. Amend 2009 tax return online free In a defined contribution plan, the amount to be contributed to each participant's account is spelled out in the plan. Amend 2009 tax return online free The level of benefits actually provided to a participant depends on the total amount contributed to that participant's account and any earnings and losses on those contributions. Amend 2009 tax return online free Types of defined contribution plans include profit-sharing plans, stock bonus plans, and money purchase pension plans. Amend 2009 tax return online free Example. Amend 2009 tax return online free Company A has a money purchase pension plan. Amend 2009 tax return online free Its plan year is from July 1 to June 30. Amend 2009 tax return online free The plan provides that contributions must be allocated as of June 30. Amend 2009 tax return online free Bob, an employee, leaves Company A on December 31, 2012. Amend 2009 tax return online free The contribution for the plan year ending on June 30, 2013, is made February 15, 2014. Amend 2009 tax return online free Because an amount is contributed to Bob's account for the plan year, Bob is covered by the plan for his 2013 tax year. Amend 2009 tax return online free   A special rule applies to certain plans in which it is not possible to determine if an amount will be contributed to your account for a given plan year. Amend 2009 tax return online free If, for a plan year, no amounts have been allocated to your account that are attributable to employer contributions, employee contributions, or forfeitures, by the last day of the plan year, and contributions are discretionary for the plan year, you are not covered for the tax year in which the plan year ends. Amend 2009 tax return online free If, after the plan year ends, the employer makes a contribution for that plan year, you are covered for the tax year in which the contribution is made. Amend 2009 tax return online free Example. Amend 2009 tax return online free Mickey was covered by a profit-sharing plan and left the company on December 31, 2012. Amend 2009 tax return online free The plan year runs from July 1 to June 30. Amend 2009 tax return online free Under the terms of the plan, employer contributions do not have to be made, but if they are made, they are contributed to the plan before the due date for filing the company's tax return. Amend 2009 tax return online free Such contributions are allocated as of the last day of the plan year, and allocations are made to the accounts of individuals who have any service during the plan year. Amend 2009 tax return online free As of June 30, 2013, no contributions were made that were allocated to the June 30, 2013, plan year, and no forfeitures had been allocated within the plan year. Amend 2009 tax return online free In addition, as of that date, the company was not obligated to make a contribution for such plan year and it was impossible to determine whether or not a contribution would be made for the plan year. Amend 2009 tax return online free On December 31, 2013, the company decided to contribute to the plan for the plan year ending June 30, 2013. Amend 2009 tax return online free That contribution was made on February 15, 2014. Amend 2009 tax return online free Mickey is an active participant in the plan for his 2014 tax year but not for his 2013 tax year. Amend 2009 tax return online free No vested interest. Amend 2009 tax return online free   If an amount is allocated to your account for a plan year, you are covered by that plan even if you have no vested interest in (legal right to) the account. Amend 2009 tax return online free Defined benefit plan. Amend 2009 tax return online free   If you are eligible to participate in your employer's defined benefit plan for the plan year that ends within your tax year, you are covered by the plan. Amend 2009 tax return online free This rule applies even if you: Declined to participate in the plan, Did not make a required contribution, or Did not perform the minimum service required to accrue a benefit for the year. Amend 2009 tax return online free   A defined benefit plan is any plan that is not a defined contribution plan. Amend 2009 tax return online free In a defined benefit plan, the level of benefits to be provided to each participant is spelled out in the plan. Amend 2009 tax return online free The plan administrator figures the amount needed to provide those benefits and those amounts are contributed to the plan. Amend 2009 tax return online free Defined benefit plans include pension plans and annuity plans. Amend 2009 tax return online free Example. Amend 2009 tax return online free Nick, an employee of Company B, is eligible to participate in Company B's defined benefit plan, which has a July 1 to June 30 plan year. Amend 2009 tax return online free Nick leaves Company B on December 31, 2012. Amend 2009 tax return online free Because Nick is eligible to participate in the plan for its year ending June 30, 2013, he is covered by the plan for his 2013 tax year. Amend 2009 tax return online free No vested interest. Amend 2009 tax return online free   If you accrue a benefit for a plan year, you are covered by that plan even if you have no vested interest in (legal right to) the accrual. Amend 2009 tax return online free Situations in Which You Are Not Covered Unless you are covered by another employer plan, you are not covered by an employer plan if you are in one of the situations described below. Amend 2009 tax return online free Social security or railroad retirement. Amend 2009 tax return online free   Coverage under social security or railroad retirement is not coverage under an employer retirement plan. Amend 2009 tax return online free Benefits from previous employer's plan. Amend 2009 tax return online free   If you receive retirement benefits from a previous employer's plan, you are not covered by that plan. Amend 2009 tax return online free Reservists. Amend 2009 tax return online free   If the only reason you participate in a plan is because you are a member of a reserve unit of the Armed Forces, you may not be covered by the plan. Amend 2009 tax return online free You are not covered by the plan if both of the following conditions are met. Amend 2009 tax return online free The plan you participate in is established for its employees by: The United States, A state or political subdivision of a state, or An instrumentality of either (a) or (b) above. Amend 2009 tax return online free You did not serve more than 90 days on active duty during the year (not counting duty for training). Amend 2009 tax return online free Volunteer firefighters. Amend 2009 tax return online free   If the only reason you participate in a plan is because you are a volunteer firefighter, you may not be covered by the plan. Amend 2009 tax return online free You are not covered by the plan if both of the following conditions are met. Amend 2009 tax return online free The plan you participate in is established for its employees by: The United States, A state or political subdivision of a state, or An instrumentality of either (a) or (b) above. Amend 2009 tax return online free Your accrued retirement benefits at the beginning of the year will not provide more than $1,800 per year at retirement. Amend 2009 tax return online free Limit if Covered by Employer Plan As discussed earlier, the deduction you can take for contributions made to your traditional IRA depends on whether you or your spouse was covered for any part of the year by an employer retirement plan. Amend 2009 tax return online free Your deduction is also affected by how much income you had and by your filing status. Amend 2009 tax return online free Your deduction may also be affected by social security benefits you received. Amend 2009 tax return online free Reduced or no deduction. Amend 2009 tax return online free   If either you or your spouse was covered by an employer retirement plan, you may be entitled to only a partial (reduced) deduction or no deduction at all, depending on your income and your filing status. Amend 2009 tax return online free   Your deduction begins to decrease (phase out) when your income rises above a certain amount and is eliminated altogether when it reaches a higher amount. Amend 2009 tax return online free These amounts vary depending on your filing status. Amend 2009 tax return online free   To determine if your deduction is subject to the phaseout, you must determine your modified adjusted gross income (AGI) and your filing status, as explained later under Deduction Phaseout . Amend 2009 tax return online free Once you have determined your modified AGI and your filing status, you can use Table 1-2 or Table 1-3 to determine if the phaseout applies. Amend 2009 tax return online free Social Security Recipients Instead of using Table 1-2 or Table 1-3 and Worksheet 1-2, Figuring Your Reduced IRA Deduction for 2013, later, complete the worksheets in Appendix B of this publication if, for the year, all of the following apply. Amend 2009 tax return online free You received social security benefits. Amend 2009 tax return online free You received taxable compensation. Amend 2009 tax return online free Contributions were made to your traditional IRA. Amend 2009 tax return online free You or your spouse was covered by an employer retirement plan. Amend 2009 tax return online free Use the worksheets in Appendix B to figure your IRA deduction, your nondeductible contribution, and the taxable portion, if any, of your social security benefits. Amend 2009 tax return online free Appendix B includes an example with filled-in worksheets to assist you. Amend 2009 tax return online free Table 1-2. Amend 2009 tax return online free Effect of Modified AGI1 on Deduction if You Are Covered by a Retirement Plan at Work If you are covered by a retirement plan at work, use this table to determine if your modified AGI affects the amount of your deduction. Amend 2009 tax return online free IF your filing status is . Amend 2009 tax return online free . Amend 2009 tax return online free . Amend 2009 tax return online free AND your modified adjusted gross income (modified AGI) is . Amend 2009 tax return online free . Amend 2009 tax return online free . Amend 2009 tax return online free THEN you can take . Amend 2009 tax return online free . Amend 2009 tax return online free . Amend 2009 tax return online free single or head of household $59,000 or less a full deduction. Amend 2009 tax return online free more than $59,000 but less than $69,000 a partial deduction. Amend 2009 tax return online free $69,000 or more no deduction. Amend 2009 tax return online free married filing jointly or  qualifying widow(er) $95,000 or less a full deduction. Amend 2009 tax return online free more than $95,000 but less than $115,000 a partial deduction. Amend 2009 tax return online free $115,000 or more no deduction. Amend 2009 tax return online free married filing separately2 less than $10,000 a partial deduction. Amend 2009 tax return online free $10,000 or more no deduction. Amend 2009 tax return online free 1 Modified AGI (adjusted gross income). Amend 2009 tax return online free See Modified adjusted gross income (AGI) , later. Amend 2009 tax return online free  2 If you did not live with your spouse at any time during the year, your filing status is considered Single for this purpose (therefore, your IRA deduction is determined under the “Single” filing status). Amend 2009 tax return online free Table 1-3. Amend 2009 tax return online free Effect of Modified AGI1 on Deduction if You Are NOT Covered by a Retirement Plan at Work If you are not covered by a retirement plan at work, use this table to determine if your modified AGI affects the amount of your deduction. Amend 2009 tax return online free IF your filing status is . Amend 2009 tax return online free . Amend 2009 tax return online free . Amend 2009 tax return online free AND your modified adjusted gross income (modified AGI) is . Amend 2009 tax return online free . Amend 2009 tax return online free . Amend 2009 tax return online free THEN you can take . Amend 2009 tax return online free . Amend 2009 tax return online free . Amend 2009 tax return online free single, head of household, or qualifying widow(er) any amount a full deduction. Amend 2009 tax return online free married filing jointly or separately with a spouse who is not covered by a plan at work any amount a full deduction. Amend 2009 tax return online free married filing jointly with a spouse who is covered by a plan at work $178,000 or less a full deduction. Amend 2009 tax return online free more than $178,000 but less than $188,000 a partial deduction. Amend 2009 tax return online free $188,000 or more no deduction. Amend 2009 tax return online free married filing separately with a spouse who is covered by a plan at work2 less than $10,000 a partial deduction. Amend 2009 tax return online free $10,000 or more no deduction. Amend 2009 tax return online free 1 Modified AGI (adjusted gross income). Amend 2009 tax return online free See Modified adjusted gross income (AGI) , later. Amend 2009 tax return online free  2 You are entitled to the full deduction if you did not live with your spouse at any time during the year. Amend 2009 tax return online free For 2014, if you are not covered by a retirement plan at work and you are married filing jointly with a spouse who is covered by a plan at work, your deduction is phased out if your modified AGI is more than $181,000 but less than $191,000. Amend 2009 tax return online free If your AGI is $191,000 or more, you cannot take a deduction for a contribution to a traditional IRA. Amend 2009 tax return online free Deduction Phaseout The amount of any reduction in the limit on your IRA deduction (phaseout) depends on whether you or your spouse was covered by an employer retirement plan. Amend 2009 tax return online free Covered by a retirement plan. Amend 2009 tax return online free   If you are covered by an employer retirement plan and you did not receive any social security retirement benefits, your IRA deduction may be reduced or eliminated depending on your filing status and modified AGI, as shown in Table 1-2. Amend 2009 tax return online free For 2014, if you are covered by a retirement plan at work, your IRA deduction will not be reduced (phased out) unless your modified AGI is: More than $60,000 but less than $70,000 for a single individual (or head of household), More than $96,000 but less than $116,000 for a married couple filing a joint return (or a qualifying widow(er)), or Less than $10,000 for a married individual filing a separate return. Amend 2009 tax return online free If your spouse is covered. Amend 2009 tax return online free   If you are not covered by an employer retirement plan, but your spouse is, and you did not receive any social security benefits, your IRA deduction may be reduced or eliminated entirely depending on your filing status and modified AGI as shown in Table 1-3. Amend 2009 tax return online free Filing status. Amend 2009 tax return online free   Your filing status depends primarily on your marital status. Amend 2009 tax return online free For this purpose, you need to know if your filing status is single or head of household, married filing jointly or qualifying widow(er), or married filing separately. Amend 2009 tax return online free If you need more information on filing status, see Publication 501, Exemptions, Standard Deduction, and Filing Information. Amend 2009 tax return online free Lived apart from spouse. Amend 2009 tax return online free   If you did not live with your spouse at any time during the year and you file a separate return, your filing status, for this purpose, is single. Amend 2009 tax return online free Modified adjusted gross income (AGI). Amend 2009 tax return online free   You can use Worksheet 1-1 to figure your modified AGI. Amend 2009 tax return online free If you made contributions to your IRA for 2013 and received a distribution from your IRA in 2013, see Both contributions for 2013 and distributions in 2013 , later. Amend 2009 tax return online free    Do not assume that your modified AGI is the same as your compensation. Amend 2009 tax return online free Your modified AGI may include income in addition to your compensation (discussed earlier) such as interest, dividends, and income from IRA distributions. Amend 2009 tax return online free Form 1040. Amend 2009 tax return online free   If you file Form 1040, refigure the amount on the page 1 “adjusted gross income” line without taking into account any of the following amounts. Amend 2009 tax return online free IRA deduction. Amend 2009 tax return online free Student loan interest deduction. Amend 2009 tax return online free Tuition and fees deduction. Amend 2009 tax return online free Domestic production activities deduction. Amend 2009 tax return online free Foreign earned income exclusion. Amend 2009 tax return online free Foreign housing exclusion or deduction. Amend 2009 tax return online free Exclusion of qualified savings bond interest shown on Form 8815. Amend 2009 tax return online free Exclusion of employer-provided adoption benefits shown on Form 8839. Amend 2009 tax return online free This is your modified AGI. Amend 2009 tax return online free Form 1040A. Amend 2009 tax return online free   If you file Form 1040A, refigure the amount on the page 1 “adjusted gross income” line without taking into account any of the following amounts. Amend 2009 tax return online free IRA deduction. Amend 2009 tax return online free Student loan interest deduction. Amend 2009 tax return online free Tuition and fees deduction. Amend 2009 tax return online free Exclusion of qualified savings bond interest shown on Form 8815. Amend 2009 tax return online free This is your modified AGI. Amend 2009 tax return online free Form 1040NR. Amend 2009 tax return online free   If you file Form 1040NR, refigure the amount on the page 1 “adjusted gross income” line without taking into account any of the following amounts. Amend 2009 tax return online free IRA deduction. Amend 2009 tax return online free Student loan interest deduction. Amend 2009 tax return online free Domestic production activities deduction. Amend 2009 tax return online free Exclusion of qualified savings bond interest shown on Form 8815. Amend 2009 tax return online free Exclusion of employer-provided adoption benefits shown on Form 8839. Amend 2009 tax return online free This is your modified AGI. Amend 2009 tax return online free Income from IRA distributions. Amend 2009 tax return online free   If you received distributions in 2013 from one or more traditional IRAs and your traditional IRAs include only deductible contributions, the distributions are fully taxable and are included in your modified AGI. Amend 2009 tax return online free Both contributions for 2013 and distributions in 2013. Amend 2009 tax return online free   If all three of the following apply, any IRA distributions you received in 2013 may be partly tax free and partly taxable. Amend 2009 tax return online free You received distributions in 2013 from one or more traditional IRAs, You made contributions to a traditional IRA for 2013, and Some of those contributions may be nondeductible contributions. Amend 2009 tax return online free (See Nondeductible Contributions and Worksheet 1-2, later. Amend 2009 tax return online free ) If this is your situation, you must figure the taxable part of the traditional IRA distribution before you can figure your modified AGI. Amend 2009 tax return online free To do this, you can use Worksheet 1-5, later. Amend 2009 tax return online free   If at least one of the above does not apply, figure your modified AGI using Worksheet 1-1, later. Amend 2009 tax return online free How To Figure Your Reduced IRA Deduction If you or your spouse is covered by an employer retirement plan and you did not receive any social security benefits, you can figure your reduced IRA deduction by using Worksheet 1-2. Amend 2009 tax return online free Figuring Your Reduced IRA Deduction for 2013. Amend 2009 tax return online free The Instructions for Form 1040, Form 1040A, and Form 1040NR include similar worksheets that you can use instead of the worksheet in this publication. Amend 2009 tax return online free If you or your spouse is covered by an employer retirement plan, and you received any social security benefits, see Social Security Recipients , earlier. Amend 2009 tax return online free Note. Amend 2009 tax return online free If you were married and both you and your spouse contributed to IRAs, figure your deduction and your spouse's deduction separately. Amend 2009 tax return online free Worksheet 1-1. Amend 2009 tax return online free Figuring Your Modified AGI Use this worksheet to figure your modified AGI for traditional IRA purposes. Amend 2009 tax return online free 1. Amend 2009 tax return online free Enter your adjusted gross income (AGI) from Form 1040, line 38; Form 1040A, line 22; or Form 1040NR, line 37, figured without taking into account the amount from Form 1040, line 32; Form 1040A, line 17; or Form 1040NR, line 32 1. Amend 2009 tax return online free   2. Amend 2009 tax return online free Enter any student loan interest deduction from Form 1040, line 33; Form 1040A, line 18; or Form 1040NR, line 33 2. Amend 2009 tax return online free   3. Amend 2009 tax return online free Enter any tuition and fees deduction from Form 1040, line 34, or Form 1040A, line 19 3. Amend 2009 tax return online free   4. Amend 2009 tax return online free Enter any domestic production activities deduction from Form 1040, line 35, or Form 1040NR, line 34 4. Amend 2009 tax return online free   5. Amend 2009 tax return online free Enter any foreign earned income exclusion and/or housing exclusion from Form 2555, line 45, or Form 2555-EZ, line 18 5. Amend 2009 tax return online free   6. Amend 2009 tax return online free Enter any foreign housing deduction from Form 2555, line 50 6. Amend 2009 tax return online free   7. Amend 2009 tax return online free Enter any excludable savings bond interest from Form 8815, line 14 7. Amend 2009 tax return online free   8. Amend 2009 tax return online free Enter any excluded employer-provided adoption benefits from Form 8839, line 28 8. Amend 2009 tax return online free   9. Amend 2009 tax return online free Add lines 1 through 8. Amend 2009 tax return online free This is your Modified AGI for traditional IRA purposes 9. Amend 2009 tax return online free   Reporting Deductible Contributions If you file Form 1040, enter your IRA deduction on line 32 of that form. Amend 2009 tax return online free If you file Form 1040A, enter your IRA deduction on line 17 of that form. Amend 2009 tax return online free If you file Form 1040NR, enter your IRA deduction on line 32 of that form. Amend 2009 tax return online free You cannot deduct IRA contributions on Form 1040EZ or Form 1040NR-EZ. Amend 2009 tax return online free Self-employed. Amend 2009 tax return online free   If you are self-employed (a sole proprietor or partner) and have a SIMPLE IRA, enter your deduction for allowable plan contributions on Form 1040, line 28. Amend 2009 tax return online free If you file Form 1040NR, enter your deduction on line 28 of that form. Amend 2009 tax return online free Nondeductible Contributions Although your deduction for IRA contributions may be reduced or eliminated, contributions can be made to your IRA of up to the general limit or, if it applies, the Kay Bailey Hutchison Spousal IRA limit. Amend 2009 tax return online free The difference between your total permitted contributions and your IRA deduction, if any, is your nondeductible contribution. Amend 2009 tax return online free Example. Amend 2009 tax return online free Tony is 29 years old and single. Amend 2009 tax return online free In 2013, he was covered by a retirement plan at work. Amend 2009 tax return online free His salary is $62,000. Amend 2009 tax return online free His modified AGI is $70,000. Amend 2009 tax return online free Tony makes a $5,500 IRA contribution for 2013. Amend 2009 tax return online free Because he was covered by a retirement plan and his modified AGI is above $69,000, he cannot deduct his $5,500 IRA contribution. Amend 2009 tax return online free He must designate this contribution as a nondeductible contribution by reporting it on Form 8606. Amend 2009 tax return online free Repayment of reservist distributions. Amend 2009 tax return online free   Nondeductible contributions may include repayments of qualified reservist distributions. Amend 2009 tax return online free For more information, see Qualified reservist repayments under How Much Can Be Contributed, earlier. Amend 2009 tax return online free Form 8606. Amend 2009 tax return online free   To designate contributions as nondeductible, you must file Form 8606. Amend 2009 tax return online free (See the filled-in Forms 8606 in this chapter. Amend 2009 tax return online free )   You do not have to designate a contribution as nondeductible until you file your tax return. Amend 2009 tax return online free When you file, you can even designate otherwise deductible contributions as nondeductible contributions. Amend 2009 tax return online free   You must file Form 8606 to report nondeductible contributions even if you do not have to file a tax return for the year. Amend 2009 tax return online free    A Form 8606 is not used for the year that you make a rollover from a qualified retirement plan to a traditional IRA and the rollover includes nontaxable amounts. Amend 2009 tax return online free In those situations, a Form 8606 is completed for the year you take a distribution from that IRA. Amend 2009 tax return online free See Form 8606 under Distributions Fully or Partly Taxable, later. Amend 2009 tax return online free Failure to report nondeductible contributions. Amend 2009 tax return online free   If you do not report nondeductible contributions, all of the contributions to your traditional IRA will be treated like deductible contributions when withdrawn. Amend 2009 tax return online free All distributions from your IRA will be taxed unless you can show, with satisfactory evidence, that nondeductible contributions were made. Amend 2009 tax return online free Penalty for overstatement. Amend 2009 tax return online free   If you overstate the amount of nondeductible contributions on your Form 8606 for any tax year, you must pay a penalty of $100 for each overstatement, unless it was due to reasonable cause. Amend 2009 tax return online free Penalty for failure to file Form 8606. Amend 2009 tax return online free   You will have to pay a $50 penalty if you do not file a required Form 8606, unless you can prove that the failure was due to reasonable cause. Amend 2009 tax return online free Tax on earnings on nondeductible contributions. Amend 2009 tax return online free   As long as contributions are within the contribution limits, none of the earnings or gains on contributions (deductible or nondeductible) will be taxed until they are distributed. Amend 2009 tax return online free Cost basis. Amend 2009 tax return online free   You will have a cost basis in your traditional IRA if you made any nondeductible contributions. Amend 2009 tax return online free Your cost basis is the sum of the nondeductible contributions to your IRA minus any withdrawals or distributions of nondeductible contributions. Amend 2009 tax return online free    Commonly, distributions from your traditional IRAs will include both taxable and nontaxable (cost basis) amounts. Amend 2009 tax return online free See Are Distributions Taxable, later, for more information. Amend 2009 tax return online free Recordkeeping. Amend 2009 tax return online free There is a recordkeeping worksheet, Appendix A. Amend 2009 tax return online free Summary Record of Traditional IRA(s) for 2013 , that you can use to keep a record of deductible and nondeductible IRA contributions. Amend 2009 tax return online free Examples — Worksheet for Reduced IRA Deduction for 2013 The following examples illustrate the use of Worksheet 1-2, Figuring Your Reduced IRA Deduction for 2013. Amend 2009 tax return online free Example 1. Amend 2009 tax return online free For 2013, Tom and Betty file a joint return on Form 1040. Amend 2009 tax return online free They are both 39 years old. Amend 2009 tax return online free They are both employed and Tom is covered by his employer's retirement plan. Amend 2009 tax return online free Tom's salary is $59,000 and Betty's is $32,555. Amend 2009 tax return online free They each have a traditional IRA and their combined modified AGI, which includes $5,000 interest and dividend income, is $96,555. Amend 2009 tax return online free Because their modified AGI is between $95,000 and $115,000 and Tom is covered by an employer plan, Tom is subject to the deduction phaseout discussed earlier under Limit if Covered by Employer Plan . Amend 2009 tax return online free For 2013, Tom contributed $5,500 to his IRA and Betty contributed $5,500 to hers. Amend 2009 tax return online free Even though they file a joint return, they must use separate worksheets to figure the IRA deduction for each of them. Amend 2009 tax return online free Tom can take a deduction of only $5,080. Amend 2009 tax return online free He can choose to treat the $5,080 as either deductible or nondeductible contributions. Amend 2009 tax return online free He can either leave the $420 ($5,500 − $5,080) of nondeductible contributions in his IRA or withdraw them by April 15, 2014. Amend 2009 tax return online free He decides to treat the $5,080 as deductible contributions and leave the $420 of nondeductible contributions in his IRA. Amend 2009 tax return online free Using Worksheet 1-2, Figuring Your Reduced IRA Deduction for 2013, Tom figures his deductible and nondeductible amounts as shown on Worksheet 1-2. Amend 2009 tax return online free Figuring Your Reduced IRA Deduction for 2013—Example 1 Illustrated. Amend 2009 tax return online free Betty figures her IRA deduction as follows. Amend 2009 tax return online free Betty can treat all or part of her contributions as either deductible or nondeductible. Amend 2009 tax return online free This is because her $5,500 contribution for 2013 is not subject to the deduction phaseout discussed earlier under Limit if Covered by Employer Plan . Amend 2009 tax return online free She does not need to use Worksheet 1-2, Figuring Your Reduced IRA Deduction for 2013, because their modified AGI is not within the phaseout range that applies. Amend 2009 tax return online free Betty decides to treat her $5,500 IRA contributions as deductible. Amend 2009 tax return online free The IRA deductions of $5,080 and $5,500 on the joint return for Tom and Betty total $10,580. Amend 2009 tax return online free Example 2. Amend 2009 tax return online free For 2013, Ed and Sue file a joint return on Form 1040. Amend 2009 tax return online free They are both 39 years old. Amend 2009 tax return online free Ed is covered by his employer's retirement plan. Amend 2009 tax return online free Ed's salary is $45,000. Amend 2009 tax return online free Sue had no compensation for the year and did not contribute to an IRA. Amend 2009 tax return online free Sue is not covered by an employer plan. Amend 2009 tax return online free Ed contributed $5,500 to his traditional IRA and $5,500 to a traditional IRA for Sue (a Kay Bailey Hutchison Spousal IRA). Amend 2009 tax return online free Their combined modified AGI, which includes $2,000 interest and dividend income and a large capital gain from the sale of stock, is $180,555. Amend 2009 tax return online free Because the combined modified AGI is $115,000 or more, Ed cannot deduct any of the contribution to his traditional IRA. Amend 2009 tax return online free He can either leave the $5,500 of nondeductible contributions in his IRA or withdraw them by April 15, 2014. Amend 2009 tax return online free Sue figures her IRA deduction as shown on Worksheet 1-2. Amend 2009 tax return online free Figuring Your Reduced IRA Deduction for 2013—Example 2 Illustrated. Amend 2009 tax return online free Worksheet 1-2. Amend 2009 tax return online free Figuring Your Reduced IRA Deduction for 2013 (Use only if you or your spouse is covered by an employer plan and your modified AGI falls between the two amounts shown below for your coverage situation and filing status. Amend 2009 tax return online free ) Note. Amend 2009 tax return online free If you were married and both you and your spouse contributed to IRAs, figure your deduction and your spouse's deduction separately. Amend 2009 tax return online free IF you . Amend 2009 tax return online free . Amend 2009 tax return online free . Amend 2009 tax return online free AND your  filing status is . Amend 2009 tax return online free . Amend 2009 tax return online free . Amend 2009 tax return online free AND your modified AGI is over . Amend 2009 tax return online free . Amend 2009 tax return online free . Amend 2009 tax return online free THEN enter on  line 1 below . Amend 2009 tax return online free . Amend 2009 tax return online free . Amend 2009 tax return online free       are covered by an employer plan single or head of household $59,000 $69,000     married filing jointly or qualifying widow(er) $95,000 $115,000     married filing separately $0 $10,000     are not covered by an employer plan, but your spouse is covered married filing jointly $178,000 $188,000     married filing separately $0 $10,000     1. Amend 2009 tax return online free Enter applicable amount from table above 1. Amend 2009 tax return online free   2. Amend 2009 tax return online free Enter your modified AGI (that of both spouses, if married filing jointly) 2. Amend 2009 tax return online free     Note. Amend 2009 tax return online free If line 2 is equal to or more than the amount on line 1, stop here. Amend 2009 tax return online free  Your IRA contributions are not deductible. Amend 2009 tax return online free See Nondeductible Contributions , earlier. Amend 2009 tax return online free     3. Amend 2009 tax return online free Subtract line 2 from line 1. Amend 2009 tax return online free If line 3 is $10,000 or more ($20,000 or more if married filing jointly or qualifying widow(er) and you are covered by an employer plan), stop here. Amend 2009 tax return online free You can take a full IRA deduction for contributions of up to $5,500 ($6,500 if you are age 50 or older) or 100% of your (and if married filing jointly, your spouse's) compensation, whichever is less 3. Amend 2009 tax return online free   4. Amend 2009 tax return online free Multiply line 3 by the percentage below that applies to you. Amend 2009 tax return online free If the result is not a multiple of $10, round it to the next highest multiple of $10. Amend 2009 tax return online free (For example, $611. Amend 2009 tax return online free 40 is rounded to $620. Amend 2009 tax return online free ) However, if the result is less than $200, enter $200. Amend 2009 tax return online free         Married filing jointly or qualifying widow(er) and you are covered by an employer plan, multiply line 3 by 27. Amend 2009 tax return online free 5% (. Amend 2009 tax return online free 275) (by 32. Amend 2009 tax return online free 5% (. Amend 2009 tax return online free 325) if you are age 50 or older). Amend 2009 tax return online free All others, multiply line 3 by 55% (. Amend 2009 tax return online free 55) (by 65% (. Amend 2009 tax return online free 65) if you are age 50 or older). Amend 2009 tax return online free 4. Amend 2009 tax return online free   5. Amend 2009 tax return online free Enter your compensation minus any deductions on Form 1040 or Form 1040NR, line 27 (deductible part of self-employment tax) and line 28 (self-employed SEP, SIMPLE, and qualified plans). Amend 2009 tax return online free If you are filing a joint return and your compensation is less than your spouse's, include your spouse's compensation reduced by his or her traditional IRA and Roth IRA contributions for this year. Amend 2009 tax return online free If you file Form 1040 or Form 1040NR, do not reduce your compensation by any losses from self-employment 5. Amend 2009 tax return online free   6. Amend 2009 tax return online free Enter contributions made, or to be made, to your IRA for 2013, but do not enter more than $5,500 ($6,500 if you are age 50 or older). Amend 2009 tax return online free If contributions are more than $5,500 ($6,500 if you are age 50 or older), see Excess Contributions , later. Amend 2009 tax return online free 6. Amend 2009 tax return online free   7. Amend 2009 tax return online free IRA deduction. Amend 2009 tax return online free Compare lines 4, 5, and 6. Amend 2009 tax return online free Enter the smallest amount (or a smaller amount if you choose) here and on the Form 1040, 1040A, or 1040NR line for your IRA, whichever applies. Amend 2009 tax return online free If line 6 is more than line 7 and you want to make a nondeductible contribution, go to line 8 7. Amend 2009 tax return online free   8. Amend 2009 tax return online free Nondeductible contribution. Amend 2009 tax return online free Subtract line 7 from line 5 or 6, whichever is smaller. Amend 2009 tax return online free  Enter the result here and on line 1 of your Form 8606 8. Amend 2009 tax return online free   Worksheet 1-2. Amend 2009 tax return online free Figuring Your Reduced IRA Deduction for 2013—Example 1 Illustrated (Use only if you or your spouse is covered by an employer plan and your modified AGI falls between the two amounts shown below for your coverage situation and filing status. Amend 2009 tax return online free ) Note. Amend 2009 tax return online free If you were married and both you and your spouse contributed to IRAs, figure your deduction and your spouse's deduction separately. Amend 2009 tax return online free IF you . Amend 2009 tax return online free . Amend 2009 tax return online free . Amend 2009 tax return online free AND your  filing status is . Amend 2009 tax return online free . Amend 2009 tax return online free . Amend 2009 tax return online free AND your modified AGI is over . Amend 2009 tax return online free . Amend 2009 tax return online free . Amend 2009 tax return online free THEN enter on  line 1 below . Amend 2009 tax return online free . Amend 2009 tax return online free . Amend 2009 tax return online free       are covered by an employer plan single or head of household $59,000 $69,000     married filing jointly or qualifying widow(er) $95,000 $115,000     married filing separately $0 $10,000     are not covered by an employer plan, but your spouse is covered married filing jointly $178,000 $188,000     married filing separately $0 $10,000     1. Amend 2009 tax return online free Enter applicable amount from table above 1. Amend 2009 tax return online free 115,000 2. Amend 2009 tax return online free Enter your modified AGI (that of both spouses, if married filing jointly) 2. Amend 2009 tax return online free 96,555   Note. Amend 2009 tax return online free If line 2 is equal to or more than the amount on line 1, stop here. Amend 2009 tax return online free  Your IRA contributions are not deductible. Amend 2009 tax return online free See Nondeductible Contributions , earlier. Amend 2009 tax return online free     3. Amend 2009 tax return online free Subtract line 2 from line 1. Amend 2009 tax return online free If line 3 is $10,000 or more ($20,000 or more if married filing jointly or qualifying widow(er) and you are covered by an employer plan), stop here. Amend 2009 tax return online free You can take a full IRA deduction for contributions of up to $5,500 ($6,500 if you are age 50 or older) or 100% of your (and if married filing jointly, your spouse's) compensation, whichever is less 3. Amend 2009 tax return online free 18,445 4. Amend 2009 tax return online free Multiply line 3 by the percentage below that applies to you. Amend 2009 tax return online free If the result is not a multiple of $10, round it to the next highest multiple of $10. Amend 2009 tax return online free (For example, $611. Amend 2009 tax return online free 40 is rounded to $620. Amend 2009 tax return online free ) However, if the result is less than $200, enter $200. Amend 2009 tax return online free         Married filing jointly or qualifying widow(er) and you are covered by an employer plan, multiply line 3 by 27. Amend 2009 tax return online free 5% (. Amend 2009 tax return online free 275) (by 32. Amend 2009 tax return online free 5% (. Amend 2009 tax return online free 325) if you are age 50 or older). Amend 2009 tax return online free All others, multiply line 3 by 55% (. Amend 2009 tax return online free 55) (by 65% (. Amend 2009 tax return online free 65) if you are age 50 or older). Amend 2009 tax return online free 4. Amend 2009 tax return online free 5,080 5. Amend 2009 tax return online free Enter your compensation minus any deductions on Form 1040 or Form 1040NR, line 27 (deductible part of self-employment tax) and line 28 (self-employed SEP, SIMPLE, and qualified plans). Amend 2009 tax return online free If you are filing a joint return and your compensation is less than your spouse's, include your spouse's compensation reduced by his or her traditional IRA and Roth IRA contributions for this year. Amend 2009 tax return online free If you file Form 1040 or Form 1040NR, do not reduce your compensation by any losses from self-employment 5. Amend 2009 tax return online free 59,000 6. Amend 2009 tax return online free Enter contributions made, or to be made, to your IRA for 2013, but do not enter more than $5,500 ($6,500 if you are age 50 or older). Amend 2009 tax return online free If contributions are more than $5,500 ($6,500 if you are age 50 or older), see Excess Contributions , later. Amend 2009 tax return online free 6. Amend 2009 tax return online free 5,500 7. Amend 2009 tax return online free IRA deduction. Amend 2009 tax return online free Compare lines 4, 5, and 6. Amend 2009 tax return online free Enter the smallest amount (or a smaller amount if you choose) here and on the Form 1040, 1040A, or 1040NR line for your IRA, whichever applies. Amend 2009 tax return online free If line 6 is more than line 7 and you want to make a nondeductible contribution, go to line 8 7. Amend 2009 tax return online free 5,080 8. Amend 2009 tax return online free Nondeductible contribution. Amend 2009 tax return online free Subtract line 7 from line 5 or 6, whichever is smaller. Amend 2009 tax return online free  Enter the result here and on line 1 of your Form 8606 8. Amend 2009 tax return online free 420 Worksheet 1-2. Amend 2009 tax return online free Figuring Your Reduced IRA Deduction for 2013—Example 2 Illustrated (Use only if you or your spouse is covered by an employer plan and your modified AGI falls between the two amounts shown below for your coverage situation and filing status. Amend 2009 tax return online free ) Note. Amend 2009 tax return online free If you were married and both you and your spouse contributed to IRAs, figure your deduction and your spouse's deduction separately. Amend 2009 tax return online free IF you . Amend 2009 tax return online free . Amend 2009 tax return online free . Amend 2009 tax return online free AND your  filing status is . Amend 2009 tax return online free . Amend 2009 tax return online free . Amend 2009 tax return online free AND your modified AGI is over . Amend 2009 tax return online free . Amend 2009 tax return online free . Amend 2009 tax return online free THEN enter on  line 1 below . Amend 2009 tax return online free . Amend 2009 tax return online free . Amend 2009 tax return online free       are covered by an employer plan single or head of household $59,000 $69,000     married filing jointly or qualifying widow(er) $95,000 $115,000     married filing separately $0 $10,000     are not covered by an employer plan, but your spouse is covered married filing jointly $178,000 $188,000     married filing separately $0 $10,000     1. Amend 2009 tax return online free Enter applicable amount from table above 1. Amend 2009 tax return online free 188,000 2. Amend 2009 tax return online free Enter your modified AGI (that of both spouses, if married filing jointly) 2. Amend 2009 tax return online free 180,555   Note. Amend 2009 tax return online free If line 2 is equal to or more than the amount on line 1, stop here. Amend 2009 tax return online free  Your IRA contributions are not deductible. Amend 2009 tax return online free See Nondeductible Contributions , earlier. Amend 2009 tax return online free     3. Amend 2009 tax return online free Subtract line 2 from line 1. Amend 2009 tax return online free If line 3 is $10,000 or more ($20,000 or more if married filing jointly or qualifying widow(er) and you are covered by an employer plan), stop here. Amend 2009 tax return online free You can take a full IRA deduction for contributions of up to $5,500 ($6,500 if you are age 50 or older) or 100% of your (and if married filing jointly, your spouse's) compensation, whichever is less 3. Amend 2009 tax return online free 7,445 4. Amend 2009 tax return online free Multiply line 3 by the percentage below that applies to you. Amend 2009 tax return online free If the result is not a multiple of $10, round it to the next highest multiple of $10. Amend 2009 tax return online free (For example, $611. Amend 2009 tax return online free 40 is rounded to $620. Amend 2009 tax return online free ) However, if the result is less than $200, enter $200. Amend 2009 tax return online free         Married filing jointly or qualifying widow(er) and you are covered by an employer plan, multiply line 3 by 27. Amend 2009 tax return online free 5% (. Amend 2009 tax return online free 275) (by 32. Amend 2009 tax return online free 5% (. Amend 2009 tax return online free 325) if you are age 50 or older). Amend 2009 tax return online free All others, multiply line 3 by 55% (. Amend 2009 tax return online free 55) (by 65% (. Amend 2009 tax return online free 65) if you are age 50 or older). Amend 2009 tax return online free 4. Amend 2009 tax return online free 4,100 5. Amend 2009 tax return online free Enter your compensation minus any deductions on Form 1040 or Form 1040NR, line 27 (deductible part of self-employment tax) and line 28 (self-employed SEP, SIMPLE, and qualified plans). Amend 2009 tax return online free If you are filing a joint return and your compensation is less than your spouse's, include your spouse's compensation reduced by his or her traditional IRA and Roth IRA contributions for this year. Amend 2009 tax return online free If you file Form 1040 or Form 1040NR, do not reduce your compensation by any losses from self-employment 5. Amend 2009 tax return online free 39,500 6. Amend 2009 tax return online free Enter contributions made, or to be made, to your IRA for 2013, but do not enter more than $5,500 ($6,500 if you are age 50 or older). Amend 2009 tax return online free If contributions are more than $5,500 ($6,500 if you are age 50 or older), see Excess Contributions , later. Amend 2009 tax return online free 6. Amend 2009 tax return online free 5,500 7. Amend 2009 tax return online free IRA deduction. Amend 2009 tax return online free Compare lines 4, 5, and 6. Amend 2009 tax return online free Enter the smallest amount (or a smaller amount if you choose) here and on the Form 1040, 1040A, or 1040NR line for your IRA, whichever applies. Amend 2009 tax return online free If line 6 is more than line 7 and you want to make a nondeductible contribution, go to line 8 7. Amend 2009 tax return online free 4,100 8. Amend 2009 tax return online free Nondeductible contribution. Amend 2009 tax return online free Subtract line 7 from line 5 or 6, whichever is smaller. Amend 2009 tax return online free  Enter the result here and on line 1 of your Form 8606 8. Amend 2009 tax return online free 1,400 What if You Inherit an IRA? If you inherit a traditional IRA, you are called a beneficiary. Amend 2009 tax return online free A beneficiary can be any person or entity the owner chooses to receive the benefits of the IRA after he or she dies. Amend 2009 tax return online free Beneficiaries of a traditional IRA must include in their gross income any taxable distributions they receive. Amend 2009 tax return online free Inherited from spouse. Amend 2009 tax return online free   If you inherit a traditional IRA from your spouse, you generally have the following three choices. Amend 2009 tax return online free You can: Treat it as your own IRA by designating yourself as the account owner. Amend 2009 tax return online free Treat it as your own by rolling it over into your IRA, or to the extent it is taxable, into a: Qualified employer plan, Qualified employee annuity plan (section 403(a) plan), Tax-sheltered annuity plan (s
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