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Amended Tax Forms

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Amended Tax Forms

Amended tax forms Publication 929 - Additional Material Table of Contents How To Get Tax HelpLow Income Taxpayer Clinics This image is too large to be displayed in the current screen. Amended tax forms Please click the link to view the image. Amended tax forms Form 1040A, page 1, for Joshua A. Amended tax forms Blake This image is too large to be displayed in the current screen. Amended tax forms Please click the link to view the image. Amended tax forms Form 1040A, page 2, for Joshua A. Amended tax forms Blake This image is too large to be displayed in the current screen. Amended tax forms Please click the link to view the image. Amended tax forms Form 8615 for Joshua A. Amended tax forms Blake Filled-in Qualified Dividends and Capital Gain Tax Worksheet #1 Before you begin: Be sure you do not have to file Form 1040 (see the instructions for Form 1040A, line 10) 1. Amended tax forms Enter the amount from Form 1040A, line 27 1. Amended tax forms 48,800*       2. Amended tax forms Enter the amount from Form 1040A, line 9b 2. Amended tax forms 300*           3. Amended tax forms Enter the amount from Form 1040A, line 10 3. Amended tax forms 200*           4. Amended tax forms Add lines 2 and 3 4. Amended tax forms 500       5. Amended tax forms Subtract line 4 from line 1. Amended tax forms If zero or less, enter -0- 5. Amended tax forms 48,300       6. Amended tax forms Enter the smaller of:                 •The amount on line 1, or                   •$36,250 if single or married filing separately,                   $72,500 if married filing jointly or qualifying widow(er),   or 6. Amended tax forms 48,800*         $48,600 if head of household. Amended tax forms                   7. Amended tax forms Enter the smaller of line 5 or line 6 7. Amended tax forms 48,300       8. Amended tax forms Subtract line 7 from line 6. Amended tax forms This amount is taxed at 0% 8. Amended tax forms   500       9. Amended tax forms Enter the smaller of line 1 or line 4 9. Amended tax forms 500       10. Amended tax forms Enter the amount from line 8 10. Amended tax forms   500       11. Amended tax forms Subtract line 10 from line 9 11. Amended tax forms  -0-       12. Amended tax forms Multiply line 11 by 15% (. Amended tax forms 15) 12. Amended tax forms -0-   13. Amended tax forms Use the Tax Table to figure the tax on the amount on line 5. Amended tax forms Enter the tax here 13. Amended tax forms 6,356   14. Amended tax forms Add lines 12 and 13 14. Amended tax forms 6,356   15. Amended tax forms Use the Tax Table to figure the tax on the amount on line 1. Amended tax forms Enter the tax here 15. Amended tax forms 6,431   16. Amended tax forms Tax on all taxable income. Amended tax forms Enter the smaller of line 14 or line 15 here and on Form 1040A, line 28 16. Amended tax forms 6,356       *See the instructions under Using the Qualified Dividends and Capital Gain Tax Worksheet for line 9 tax in the Form 8615 instructions. Amended tax forms Filled-in Qualified Dividends and Capital Gain Tax Worksheet #2 Before you begin: Be sure you do not have to file Form 1040 (see the instructions for Form 1040A, line 10) 1. Amended tax forms Enter the amount from Form 1040A, line 27 1. Amended tax forms 1,650*       2. Amended tax forms Enter the amount from Form 1040A, line 9b 2. Amended tax forms 750*           3. Amended tax forms Enter the amount from Form 1040A, line 10 3. Amended tax forms 500*           4. Amended tax forms Add lines 2 and 3 4. Amended tax forms 1,250       5. Amended tax forms Subtract line 4 from line 1. Amended tax forms If zero or less, enter -0- 5. Amended tax forms  400       6. Amended tax forms Enter the smaller of:                 •The amount on line 1, or                   •$36,250 if single or married filing separately,                   $72,500 if married filing jointly or qualifying   widow(er), or 6. Amended tax forms 1,650*         $48,600 if head of household. Amended tax forms                   7. Amended tax forms Enter the smaller of line 5 or line 6 7. Amended tax forms   400       8. Amended tax forms Subtract line 7 from line 6. Amended tax forms This amount is taxed at 0% 8. Amended tax forms 1,250       9. Amended tax forms Enter the smaller of line 1 or line 4 9. Amended tax forms 1,250       10. Amended tax forms Enter the amount from line 8 10. Amended tax forms 1,250       11. Amended tax forms Subtract line 10 from line 9 11. Amended tax forms -0-       12. Amended tax forms Multiply line 11 by 15% (. Amended tax forms 15) 12. Amended tax forms -0-   13. Amended tax forms Use the Tax Table to figure the tax on the amount on line 5. Amended tax forms Enter the tax here 13. Amended tax forms 41*   14. Amended tax forms Add lines 12 and 13 14. Amended tax forms 41   15. Amended tax forms Use the Tax Table to figure the tax on the amount on line 1. Amended tax forms Enter the tax here 15. Amended tax forms 166*   16. Amended tax forms Tax on all taxable income. Amended tax forms Enter the smaller of line 14 or line 15 here and on Form 1040A, line 28 16. Amended tax forms 41       *See the instructions under Using the Qualified Dividends and Capital Gain Tax Worksheet for line 15 tax in the Form 8615 instructions. Amended tax forms Filled-in Qualified Dividends and Capital Gain Tax Worksheet #3 Before you begin: Be sure you do not have to file Form 1040 (see the instructions for Form 1040A, line 10) 1. Amended tax forms Enter the amount from Form 1040A, line 27 1. Amended tax forms 2,450       2. Amended tax forms Enter the amount from Form 1040A, line 9b 2. Amended tax forms 1,050           3. Amended tax forms Enter the amount from Form 1040A, line 10 3. Amended tax forms 700           4. Amended tax forms Add lines 2 and 3 4. Amended tax forms 1,750       5. Amended tax forms Subtract line 4 from line 1. Amended tax forms If zero or less, enter -0- 5. Amended tax forms    700       6. Amended tax forms Enter the smaller of:                 •The amount on line 1, or                   •$36,250 if single or married filing separately,                   $72,500 if married filing jointly or qualifying   widow(er), or 6. Amended tax forms 2,450         $48,600 if head of household. Amended tax forms                   7. Amended tax forms Enter the smaller of line 5 or line 6 7. Amended tax forms  700       8. Amended tax forms Subtract line 7 from line 6. Amended tax forms This amount is taxed at 0% 8. Amended tax forms 1,750       9. Amended tax forms Enter the smaller of line 1 or line 4 9. Amended tax forms 1,750       10. Amended tax forms Enter the amount from line 8 10. Amended tax forms 1,750       11. Amended tax forms Subtract line 10 from line 9 11. Amended tax forms -0-       12. Amended tax forms Multiply line 11 by 15% (. Amended tax forms 15) 12. Amended tax forms -0-   13. Amended tax forms Use the Tax Table to figure the tax on the amount on line 5. Amended tax forms Enter the tax here 13. Amended tax forms  71   14. Amended tax forms Add lines 12 and 13 14. Amended tax forms  71   15. Amended tax forms Use the Tax Table to figure the tax on the amount on line 1. Amended tax forms Enter the tax here 15. Amended tax forms 246   16. Amended tax forms Tax on all taxable income. Amended tax forms Enter the smaller of line 14 or line 15 here and on Form 1040A, line 28 16. Amended tax forms  71         How To Get Tax Help Whether it's help with a tax issue, preparing your tax return or a need for a free publication or form, get the help you need the way you want it: online, use a smart phone, call or walk in to an IRS office or volunteer site near you. Amended tax forms Free help with your tax return. Amended tax forms   You can get free help preparing your return nationwide from IRS-certified volunteers. Amended tax forms The Volunteer Income Tax Assistance (VITA) program helps low-to-moderate income, elderly, people with disabilities, and limited English proficient taxpayers. Amended tax forms The Tax Counseling for the Elderly (TCE) program helps taxpayers age 60 and older with their tax returns. Amended tax forms Most VITA and TCE sites offer free electronic filing and all volunteers will let you know about credits and deductions you may be entitled to claim. Amended tax forms In addition, some VITA and TCE sites provide taxpayers the opportunity to prepare their own return with help from an IRS-certified volunteer. Amended tax forms To find the nearest VITA or TCE site, you can use the VITA Locator Tool on IRS. Amended tax forms gov, download the IRS2Go app, or call 1-800-906-9887. Amended tax forms   As part of the TCE program, AARP offers the Tax-Aide counseling program. Amended tax forms To find the nearest AARP Tax-Aide site, visit AARP's website at www. Amended tax forms aarp. Amended tax forms org/money/taxaide or call 1-888-227-7669. Amended tax forms For more information on these programs, go to IRS. Amended tax forms gov and enter “VITA” in the search box. Amended tax forms Internet. Amended tax forms    IRS. Amended tax forms gov and IRS2Go are ready when you are —24 hours a day, 7 days a week. Amended tax forms Download the free IRS2Go app from the iTunes app store or from Google Play. Amended tax forms Use it to check your refund status, order transcripts of your tax returns or tax account, watch the IRS YouTube channel, get IRS news as soon as it's released to the public, subscribe to filing season updates or daily tax tips, and follow the IRS Twitter news feed, @IRSnews, to get the latest federal tax news, including information about tax law changes and important IRS programs. Amended tax forms Check the status of your 2013 refund with the Where's My Refund? application on IRS. Amended tax forms gov or download the IRS2Go app and select the Refund Status option. Amended tax forms The IRS issues more than 9 out of 10 refunds in less than 21 days. Amended tax forms Using these applications, you can start checking on the status of your return within 24 hours after we receive your e-filed return or 4 weeks after you mail a paper return. Amended tax forms You will also be given a personalized refund date as soon as the IRS processes your tax return and approves your refund. Amended tax forms The IRS updates Where's My Refund? every 24 hours, usually overnight, so you only need to check once a day. Amended tax forms Use the Interactive Tax Assistant (ITA) to research your tax questions. Amended tax forms No need to wait on the phone or stand in line. Amended tax forms The ITA is available 24 hours a day, 7 days a week, and provides you with a variety of tax information related to general filing topics, deductions, credits, and income. Amended tax forms When you reach the response screen, you can print the entire interview and the final response for your records. Amended tax forms New subject areas are added on a regular basis. Amended tax forms  Answers not provided through ITA may be found in Tax Trails, one of the Tax Topics on IRS. Amended tax forms gov which contain general individual and business tax information or by searching the IRS Tax Map, which includes an international subject index. Amended tax forms You can use the IRS Tax Map, to search publications and instructions by topic or keyword. Amended tax forms The IRS Tax Map integrates forms and publications into one research tool and provides single-point access to tax law information by subject. Amended tax forms When the user searches the IRS Tax Map, they will be provided with links to related content in existing IRS publications, forms and instructions, questions and answers, and Tax Topics. Amended tax forms Coming this filing season, you can immediately view and print for free all 5 types of individual federal tax transcripts (tax returns, tax account, record of account, wage and income statement, and certification of non-filing) using Get Transcript. Amended tax forms You can also ask the IRS to mail a return or an account transcript to you. Amended tax forms Only the mail option is available by choosing the Tax Records option on the IRS2Go app by selecting Mail Transcript on IRS. Amended tax forms gov or by calling 1-800-908-9946. Amended tax forms Tax return and tax account transcripts are generally available for the current year and the past three years. Amended tax forms Determine if you are eligible for the EITC and estimate the amount of the credit with the Earned Income Tax Credit (EITC) Assistant. Amended tax forms Visit Understanding Your IRS Notice or Letter to get answers to questions about a notice or letter you received from the IRS. Amended tax forms If you received the First Time Homebuyer Credit, you can use the First Time Homebuyer Credit Account Look-up tool for information on your repayments and account balance. Amended tax forms Check the status of your amended return using Where's My Amended Return? Go to IRS. Amended tax forms gov and enter Where's My Amended Return? in the search box. Amended tax forms You can generally expect your amended return to be processed up to 12 weeks from the date we receive it. Amended tax forms It can take up to 3 weeks from the date you mailed it to show up in our system. Amended tax forms Make a payment using one of several safe and convenient electronic payment options available on IRS. Amended tax forms gov. Amended tax forms Select the Payment tab on the front page of IRS. Amended tax forms gov for more information. Amended tax forms Determine if you are eligible and apply for an online payment agreement, if you owe more tax than you can pay today. Amended tax forms Figure your income tax withholding with the IRS Withholding Calculator on IRS. Amended tax forms gov. Amended tax forms Use it if you've had too much or too little withheld, your personal situation has changed, you're starting a new job or you just want to see if you're having the right amount withheld. Amended tax forms Determine if you might be subject to the Alternative Minimum Tax by using the Alternative Minimum Tax Assistant on IRS. Amended tax forms gov. Amended tax forms Request an Electronic Filing PIN by going to IRS. Amended tax forms gov and entering Electronic Filing PIN in the search box. Amended tax forms Download forms, instructions and publications, including accessible versions for people with disabilities. Amended tax forms Locate the nearest Taxpayer Assistance Center (TAC) using the Office Locator tool on IRS. Amended tax forms gov, or choose the Contact Us option on the IRS2Go app and search Local Offices. Amended tax forms An employee can answer questions about your tax account or help you set up a payment plan. Amended tax forms Before you visit, check the Office Locator on IRS. Amended tax forms gov, or Local Offices under Contact Us on IRS2Go to confirm the address, phone number, days and hours of operation, and the services provided. Amended tax forms If you have a special need, such as a disability, you can request an appointment. Amended tax forms Call the local number listed in the Office Locator, or look in the phone book under United States Government, Internal Revenue Service. Amended tax forms Apply for an Employer Identification Number (EIN). Amended tax forms Go to IRS. Amended tax forms gov and enter Apply for an EIN in the search box. Amended tax forms Read the Internal Revenue Code, regulations, or other official guidance. Amended tax forms Read Internal Revenue Bulletins. Amended tax forms Sign up to receive local and national tax news and more by email. Amended tax forms Just click on “subscriptions” above the search box on IRS. Amended tax forms gov and choose from a variety of options. Amended tax forms    Phone. Amended tax forms You can call the IRS, or you can carry it in your pocket with the IRS2Go app on your smart phone or tablet. Amended tax forms Download the free IRS2Go app from the iTunes app store or from Google Play. Amended tax forms Call to locate the nearest volunteer help site, 1-800-906-9887 or you can use the VITA Locator Tool on IRS. Amended tax forms gov, or download the IRS2Go app. Amended tax forms Low-to-moderate income, elderly, people with disabilities, and limited English proficient taxpayers can get free help with their tax return from the nationwide Volunteer Income Tax Assistance (VITA) program. Amended tax forms The Tax Counseling for the Elderly (TCE) program helps taxpayers age 60 and older with their tax returns. Amended tax forms Most VITA and TCE sites offer free electronic filing. Amended tax forms Some VITA and TCE sites provide IRS-certified volunteers who can help prepare your tax return. Amended tax forms Through the TCE program, AARP offers the Tax-Aide counseling program; call 1-888-227-7669 to find the nearest Tax-Aide location. Amended tax forms Call the automated Where's My Refund? information hotline to check the status of your 2013 refund 24 hours a day, 7 days a week at 1-800-829-1954. Amended tax forms If you e-file, you can start checking on the status of your return within 24 hours after the IRS receives your tax return or 4 weeks after you've mailed a paper return. Amended tax forms The IRS issues more than 9 out of 10 refunds in less than 21 days. Amended tax forms Where's My Refund? will give you a personalized refund date as soon as the IRS processes your tax return and approves your refund. Amended tax forms Before you call this automated hotline, have your 2013 tax return handy so you can enter your social security number, your filing status, and the exact whole dollar amount of your refund. Amended tax forms The IRS updates Where's My Refund? every 24 hours, usually overnight, so you only need to check once a day. Amended tax forms Note, the above information is for our automated hotline. Amended tax forms Our live phone and walk-in assistors can research the status of your refund only if it's been 21 days or more since you filed electronically or more than 6 weeks since you mailed your paper return. Amended tax forms Call the Amended Return Hotline, 1-866-464-2050, to check the status of your amended return. Amended tax forms You can generally expect your amended return to be processed up to 12 weeks from the date we receive it. Amended tax forms It can take up to 3 weeks from the date you mailed it to show up in our system. Amended tax forms Call 1-800-TAX-FORM (1-800-829-3676) to order current-year forms, instructions, publications, and prior-year forms and instructions (limited to 5 years). Amended tax forms You should receive your order within 10 business days. Amended tax forms Call TeleTax, 1-800-829-4477, to listen to pre-recorded messages covering general and business tax information. Amended tax forms If, between January and April 15, you still have questions about the Form 1040, 1040A, or 1040EZ (like filing requirements, dependents, credits, Schedule D, pensions and IRAs or self-employment taxes), call 1-800-829-1040. Amended tax forms Call using TTY/TDD equipment, 1-800-829-4059 to ask tax questions or order forms and publications. Amended tax forms The TTY/TDD telephone number is for people who are deaf, hard of hearing, or have a speech disability. Amended tax forms These individuals can also contact the IRS through relay services such as the Federal Relay Service. Amended tax forms    Walk-in. Amended tax forms You can find a selection of forms, publications and services — in-person. Amended tax forms Products. Amended tax forms You can walk in to some post offices, libraries, and IRS offices to pick up certain forms, instructions, and publications. Amended tax forms Some IRS offices, libraries, and city and county government offices have a collection of products available to photocopy from reproducible proofs. Amended tax forms Services. Amended tax forms You can walk in to your local TAC for face-to-face tax help. Amended tax forms An employee can answer questions about your tax account or help you set up a payment plan. Amended tax forms Before visiting, use the Office Locator tool on IRS. Amended tax forms gov, or choose the Contact Us option on the IRS2Go app and search Local Offices for days and hours of operation, and services provided. Amended tax forms    Mail. Amended tax forms You can send your order for forms, instructions, and publications to the address below. Amended tax forms You should receive a response within 10 business days after your request is received. Amended tax forms Internal Revenue Service 1201 N. Amended tax forms Mitsubishi Motorway Bloomington, IL 61705-6613    The Taxpayer Advocate Service Is Here to Help You. Amended tax forms The Taxpayer Advocate Service (TAS) is your voice at the IRS. Amended tax forms Our job is to ensure that every taxpayer is treated fairly and that you know and understand your rights. Amended tax forms   What can TAS do for you? We can offer you free help with IRS problems that you can't resolve on your own. Amended tax forms We know this process can be confusing, but the worst thing you can do is nothing at all! TAS can help if you can't resolve your tax problem and: Your problem is causing financial difficulties for you, your family, or your business. Amended tax forms You face (or your business is facing) an immediate threat of adverse action. Amended tax forms You've tried repeatedly to contact the IRS but no one has responded, or the IRS hasn't responded by the date promised. Amended tax forms   If you qualify for our help, you'll be assigned to one advocate who'll be with you at every turn and will do everything possible to resolve your problem. Amended tax forms Here's why we can help: TAS is an independent organization within the IRS. Amended tax forms Our advocates know how to work with the IRS. Amended tax forms Our services are free and tailored to meet your needs. Amended tax forms We have offices in every state, the District of Columbia, and Puerto Rico. Amended tax forms   How can you reach us? If you think TAS can help you, call your local advocate, whose number is in your local directory and at Taxpayer Advocate, or call us toll-free at 1-877-777-4778. Amended tax forms   How else does TAS help taxpayers?  TAS also works to resolve large-scale, systemic problems that affect many taxpayers. Amended tax forms If you know of one of these broad issues, please report it to us through our Systemic Advocacy Management System. Amended tax forms Low Income Taxpayer Clinics Low Income Taxpayer Clinics (LITCs) serve individuals whose income is below a certain level and need to resolve tax problems such as audits, appeals and tax collection disputes. Amended tax forms Some clinics can provide information about taxpayer rights and responsibilities in different languages for individuals who speak English as a second language. Amended tax forms Visit Taxpayer Advocate or see IRS Publication 4134, Low Income Taxpayer Clinic List. Amended tax forms Prev  Up  Next   Home   More Online Publications
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The Amended Tax Forms

Amended tax forms Publication 721 - Main Content Table of Contents Part I General InformationRefund of Contributions Tax Withholding and Estimated Tax Filing Requirements Part II Rules for RetireesAnnuity starting date. Amended tax forms Gross monthly rate. Amended tax forms Your cost. Amended tax forms Choosing a survivor annuity after retirement. Amended tax forms Canceling a survivor annuity after retirement. Amended tax forms Annuity starting date after 1986. Amended tax forms Annuity starting date before 1987. Amended tax forms Simplified Method General Rule Three-Year Rule Alternative Annuity Option Federal Gift Tax Retirement During the Past Year Reemployment After Retirement Nonresident Aliens Thrift Savings Plan Rollover Rules Distributions Used To Pay Insurance Premiums for Public Safety Officers How To Report Benefits Part III Rules for Disability Retirement and Credit for the Elderly or the DisabledDisability Annuity Other Benefits Credit for the Elderly or the Disabled Part IV Rules for Survivors of Federal EmployeesFERS Death Benefit CSRS or FERS Survivor Annuity Lump-Sum CSRS or FERS Payment Thrift Savings Plan Federal Estate Tax Part V Rules for Survivors of Federal RetireesCSRS or FERS Survivor Annuity Lump-Sum CSRS or FERS Payment Voluntary Contributions Thrift Savings Plan Federal Estate Tax Income Tax Deduction for Estate Tax Paid How To Get Tax HelpLow Income Taxpayer Clinics Part I General Information This part of the publication contains information that can apply to most recipients of civil service retirement benefits. Amended tax forms Refund of Contributions If you leave federal government service or transfer to a job not under the CSRS or FERS and you are not eligible for an immediate annuity, you can choose to receive a refund of the money in your CSRS or FERS retirement account. Amended tax forms The refund will include both regular and voluntary contributions you made to the fund, plus any interest payable. Amended tax forms If the refund includes only your contributions, none of the refund is taxable. Amended tax forms If it includes any interest, the interest is taxable unless you roll it over directly into another qualified plan or a traditional individual retirement arrangement (IRA). Amended tax forms If you do not have the Office of Personnel Management (OPM) transfer the interest to an IRA or other plan in a direct rollover, tax will be withheld at a 20% rate. Amended tax forms See Rollover Rules in Part II for information on how to make a rollover. Amended tax forms Interest is not paid on contributions to the CSRS for service after 1956 unless your service was for more than 1 year but not more than 5 years. Amended tax forms Therefore, many employees who withdraw their contributions under the CSRS do not get interest and do not owe any tax on their refund. Amended tax forms If you do not roll over interest included in your refund, it may qualify as a lump-sum distribution eligible for capital gain treatment or the 10-year tax option. Amended tax forms If you separate from service before the calendar year in which you reach age 55, it may be subject to an additional 10% tax on early distributions. Amended tax forms For more information, see Lump-Sum Distributions and Tax on Early Distributions in Publication 575. Amended tax forms A lump-sum distribution is eligible for capital gain treatment or the 10-year tax option only if the plan participant was born before January 2, 1936. Amended tax forms Tax Withholding and Estimated Tax The CSRS or FERS annuity you receive is subject to federal income tax withholding, unless you choose not to have tax withheld. Amended tax forms OPM will tell you how to make the choice. Amended tax forms The choice for no withholding remains in effect until you change it. Amended tax forms These withholding rules also apply to a disability annuity, whether received before or after minimum retirement age. Amended tax forms If you choose not to have tax withheld, or if you do not have enough tax withheld, you may have to make estimated tax payments. Amended tax forms You may owe a penalty if the total of your withheld tax and estimated tax does not cover most of the tax shown on your return. Amended tax forms Generally, you will owe the penalty for 2014 if the additional tax you must pay with your return is $1,000 or more and more than 10% of the tax to be shown on your 2014 return. Amended tax forms For more information, including exceptions to the penalty, see chapter 4 of Publication 505, Tax Withholding and Estimated Tax. Amended tax forms Form CSA 1099R. Amended tax forms   Form CSA 1099R is mailed to you by OPM each year. Amended tax forms It will show any tax you had withheld. Amended tax forms File a copy of Form CSA 1099R with your tax return if any federal income tax was withheld. Amended tax forms    You also can view and download your Form CSA 1099R by visiting the OPM website at  www. Amended tax forms servicesonline. Amended tax forms opm. Amended tax forms gov. Amended tax forms To log in, you will need your retirement CSA claim number and your personal identification number. Amended tax forms Choosing no withholding on payments outside the United States. Amended tax forms   The choice for no withholding generally cannot be made for annuity payments to be delivered outside the United States and its possessions. Amended tax forms   To choose no withholding if you are a U. Amended tax forms S. Amended tax forms citizen or resident alien, you must provide OPM with your home address in the United States or its possessions. Amended tax forms Otherwise, OPM has to withhold tax. Amended tax forms For example, OPM must withhold if you provide a U. Amended tax forms S. Amended tax forms address for a nominee, trustee, or agent (such as a bank) to whom the benefits are to be delivered, but you do not provide your own U. Amended tax forms S. Amended tax forms home address. Amended tax forms   If you do not provide a home address in the United States or its possessions, you can choose not to have tax withheld only if you certify to OPM that you are not a U. Amended tax forms S. Amended tax forms citizen, a U. Amended tax forms S. Amended tax forms resident alien, or someone who left the United States to avoid tax. Amended tax forms But if you so certify, you may be subject to the 30% flat rate withholding that applies to nonresident aliens. Amended tax forms For details, see Publication 519, U. Amended tax forms S. Amended tax forms Tax Guide for Aliens. Amended tax forms Withholding certificate. Amended tax forms   If you give OPM a Form W-4P-A, Election of Federal Income Tax Withholding, you can choose not to have tax withheld or you can choose to have tax withheld. Amended tax forms The amount of tax withheld depends on your marital status, the number of withholding allowances, and any additional amount you designate to be withheld. Amended tax forms If you do not make either of these choices, OPM must withhold as if you were married with three withholding allowances. Amended tax forms To change the amount of tax withholding or to stop withholding, call OPM's Retirement Information Office at 1-888-767-6738 (customers within the local Washington, D. Amended tax forms C. Amended tax forms calling area must call 202-606-0500). Amended tax forms No special form is needed. Amended tax forms You will need your retirement CSA or CSF claim number, your social security number, and your personal identification number (PIN) when you call. Amended tax forms If you have TTY/TDD equipment, call 1-855–887–4957. Amended tax forms If you need a PIN, call OPM's Retirement Information Office. Amended tax forms You also can change the amount of withholding or stop withholding online by visiting the OPM website at www. Amended tax forms servicesonline. Amended tax forms opm. Amended tax forms gov. Amended tax forms You will need your retirement CSA or CSF claim number and your PIN. Amended tax forms Withholding from certain lump-sum payments. Amended tax forms   If you leave the federal government before becoming eligible to retire and you apply for a refund of your CSRS or FERS contributions, or you die without leaving a survivor eligible for an annuity, you or your beneficiary will receive a distribution of your contributions to the retirement plan plus any interest payable. Amended tax forms Tax will be withheld at a 20% rate on the interest distributed. Amended tax forms However, tax will not be withheld if you have OPM transfer (roll over) the interest directly to your traditional IRA or other qualified plan. Amended tax forms If you have OPM transfer (roll over) the interest directly to a Roth IRA, the entire amount will be taxed in the current year. Amended tax forms Because no income tax will be withheld at the time of the transfer, you may want to increase your withholding or pay estimated taxes. Amended tax forms See Rollover Rules in Part II. Amended tax forms If you receive only your contributions, no tax will be withheld. Amended tax forms Withholding from Thrift Savings Plan payments. Amended tax forms   Generally, a distribution that you receive from the TSP is subject to federal income tax withholding. Amended tax forms The amount withheld is: 20% if the distribution is an eligible rollover distribution, 10% if it is a nonperiodic distribution other than an eligible rollover distribution, or An amount determined as if you were married with three withholding allowances, unless you submit a withholding certificate (Form W-4P), if it is a periodic distribution. Amended tax forms  However, you usually can choose not to have tax withheld from TSP payments other than eligible rollover distributions. Amended tax forms By January 31 after the end of the year in which you receive a distribution, the TSP will issue Form 1099-R showing the total distributions you received in the prior year and the amount of tax withheld. Amended tax forms   For a detailed discussion of withholding on distributions from the TSP, see Important Tax Information About Payments From Your TSP Account, available from your agency personnel office or from the TSP. Amended tax forms The above document is also available in the “Forms & Publications” section of the TSP website at www. Amended tax forms tsp. Amended tax forms gov. Amended tax forms Estimated tax. Amended tax forms   Generally, you must make estimated tax payments for 2014 if you expect to owe at least $1,000 in tax for 2014 (after subtracting your withholding and credits) and you expect your withholding and your credits to be less than the smaller of: 90% of the tax to be shown on your income tax return for 2014, or 100% of the tax shown on your 2013 income tax return (110% of that amount if the adjusted gross income shown on the return was more than $150,000 ($75,000 if your filing status for 2014 will be married filing separately)). Amended tax forms The return must cover all 12 months. Amended tax forms   You do not have to pay estimated tax for 2014 if you were a U. Amended tax forms S. Amended tax forms citizen or resident alien for all of 2013 and you had no tax liability for the full 12-month 2013 tax year. Amended tax forms   Publication 505 contains information that you can use to help you figure your estimated tax payments. Amended tax forms Filing Requirements If your gross income, including the taxable part of your annuity, is less than a certain amount, you generally do not have to file a federal income tax return for that year. Amended tax forms The gross income filing requirements for the tax year are in the instructions to Form 1040, 1040A, or 1040EZ. Amended tax forms Children. Amended tax forms   If you are the surviving spouse of a federal employee or retiree and your monthly annuity check includes a survivor annuity for one or more children, each child's annuity counts as his or her own income (not yours) for federal income tax purposes. Amended tax forms   If your child can be claimed as a dependent, treat the taxable part of his or her annuity as unearned income when applying the filing requirements for dependents. Amended tax forms Form CSF 1099R. Amended tax forms   Form CSF 1099R will be mailed to you by January 31 after the end of each tax year. Amended tax forms It will show the total amount of the annuity you received in the past year. Amended tax forms It also should show, separately, the survivor annuity for a child or children. Amended tax forms Only the part that is each individual's survivor annuity should be shown on that individual's Form 1040 or 1040A. Amended tax forms   If your Form CSF 1099R does not show separately the amount paid to you for a child or children, attach a statement to your return, along with a copy of Form CSF 1099R, explaining why the amount shown on the tax return differs from the amount shown on Form CSF 1099R. Amended tax forms    You also can view and download your Form CSF 1099R by visiting the OPM website at  www. Amended tax forms servicesonline. Amended tax forms opm. Amended tax forms gov. Amended tax forms To log in you will need your retirement CSF claim number and personal identification number. Amended tax forms    You may request a Summary of Payments, showing the amounts paid to you for your child(ren), from OPM by calling OPM's Retirement Information Office at 1-888-767-6738 (customers within the local Washington, D. Amended tax forms C. Amended tax forms calling area must call 202-606-0500). Amended tax forms You will need your CSF claim number and your social security number when you call. Amended tax forms Taxable part of annuity. Amended tax forms   To find the taxable part of a retiree's annuity when applying the filing requirements, see the discussion in Part II, Rules for Retirees , or Part III, Rules for Disability Retirement and Credit for the Elderly or the Disabled , whichever applies. Amended tax forms To find the taxable part of each survivor annuity when applying the filing requirements, see the discussion in Part IV, Rules for Survivors of Federal Employees , or Part V, Rules for Survivors of Federal Retirees , whichever applies. Amended tax forms Part II Rules for Retirees This part of the publication is for retirees who retired on nondisability retirement. Amended tax forms If you retired on disability before you reached your minimum retirement age, see Part III, Rules for Disability Retirement and Credit for the Elderly or the Disabled. Amended tax forms However, on the day after you reach your minimum retirement age, use the rules in this section to report your disability retirement and begin recovering your cost. Amended tax forms Annuity statement. Amended tax forms   The statement you received from OPM when your CSRS or FERS annuity was approved shows the commencing date (the annuity starting date), the gross monthly rate of your annuity benefit, and your total contributions to the retirement plan (your cost). Amended tax forms You will use this information to figure the tax-free recovery of your cost. Amended tax forms Annuity starting date. Amended tax forms   If you retire from federal government service on a regular annuity, your annuity starting date is the commencing date on your annuity statement from OPM. Amended tax forms If something delays payment of your annuity, such as a late application for retirement, it does not affect the date your annuity begins to accrue or your annuity starting date. Amended tax forms Gross monthly rate. Amended tax forms   This is the amount you were to get after any adjustment for electing a survivor's annuity or for electing the lump-sum payment under the alternative annuity option (if either applied) but before any deduction for income tax withholding, insurance premiums, etc. Amended tax forms Your cost. Amended tax forms   Your monthly annuity payment contains an amount on which you have previously paid income tax. Amended tax forms This amount represents part of your contributions to the retirement plan. Amended tax forms Even though you did not receive the money that was contributed to the plan, it was included in your gross income for federal income tax purposes in the years it was taken out of your pay. Amended tax forms   The cost of your annuity is the total of your contributions to the retirement plan, as shown on your annuity statement from OPM. Amended tax forms If you elected the alternative annuity option, it includes any deemed deposits and any deemed redeposits that were added to your lump-sum credit. Amended tax forms (See Lump-sum credit under Alternative Annuity Option, later. Amended tax forms )   If you repaid contributions that you had withdrawn from the retirement plan earlier, or if you paid into the plan to receive full credit for service not subject to retirement deductions, the entire repayment, including any interest, is a part of your cost. Amended tax forms You cannot claim an interest deduction for any interest payments. Amended tax forms You cannot treat these payments as voluntary contributions; they are considered regular employee contributions. Amended tax forms Recovering your cost tax free. Amended tax forms   How you figure the tax-free recovery of the cost of your CSRS or FERS annuity depends on your annuity starting date. Amended tax forms If your annuity starting date is before July 2, 1986, either the Three-Year Rule or the General Rule (both discussed later) applies to your annuity. Amended tax forms If your annuity starting date is after July 1, 1986, and before November 19, 1996, you could have chosen to use either the General Rule or the Simplified Method (discussed later). Amended tax forms If your annuity starting date is after November 18, 1996, you must use the Simplified Method. Amended tax forms   Under both the General Rule and the Simplified Method, each of your monthly annuity payments is made up of two parts: the tax-free part that is a return of your cost, and the taxable part that is the amount of each payment that is more than the part that represents your cost (unless such payment is used for purposes discussed under Distributions Used To Pay Insurance Premiums for Public Safety Officers , later). Amended tax forms The tax-free part is a fixed dollar amount. Amended tax forms It remains the same, even if your annuity is increased. Amended tax forms Generally, this rule applies as long as you receive your annuity. Amended tax forms However, see Exclusion limit , later. Amended tax forms Choosing a survivor annuity after retirement. Amended tax forms    If you retired without a survivor annuity and report your annuity under the Simplified Method, do not change your tax-free monthly amount even if you later choose a survivor annuity. Amended tax forms   If you retired without a survivor annuity and report your annuity under the General Rule, you must figure the tax-free part of your annuity using a new exclusion percentage if you later choose a survivor annuity and take reduced annuity payments. Amended tax forms To figure the new exclusion percentage, reduce your cost by the amount you previously recovered tax free. Amended tax forms Figure the expected return as of the date the reduced annuity begins. Amended tax forms For details on the General Rule, see Publication 939. Amended tax forms Canceling a survivor annuity after retirement. Amended tax forms   If you retired with a survivor annuity payable to your spouse upon your death and you notify OPM that your marriage has ended, your annuity might be increased to remove the reduction for a survivor benefit. Amended tax forms The increased annuity does not change the cost recovery you figured at the annuity starting date. Amended tax forms The tax-free part of each annuity payment remains the same. Amended tax forms    For more information about choosing or canceling a survivor annuity after retirement, contact OPM's Retirement Information Office at 1-888-767-6738 (customers within the local Washington, D. Amended tax forms C. Amended tax forms calling area must call 202-606-0500). Amended tax forms Exclusion limit. Amended tax forms   Your annuity starting date determines the total amount of annuity payments that you can exclude from income over the years. Amended tax forms Annuity starting date after 1986. Amended tax forms   If your annuity starting date is after 1986, the total amount of annuity income that you (or the survivor annuitant) can exclude over the years as a return of your cost cannot exceed your total cost. Amended tax forms Annuity payments you or your survivors receive after the total cost in the plan has been recovered are generally fully taxable. Amended tax forms Example. Amended tax forms Your annuity starting date is after 1986 and you exclude $100 a month under the Simplified Method. Amended tax forms If your cost is $12,000, the exclusion ends after 10 years (120 months). Amended tax forms Thereafter, your entire annuity is generally fully taxable. Amended tax forms Annuity starting date before 1987. Amended tax forms   If your annuity starting date is before 1987, you can continue to take your monthly exclusion figured under the General Rule or Simplified Method for as long as you receive your annuity. Amended tax forms If you chose a joint and survivor annuity, your survivor can continue to take that same exclusion. Amended tax forms The total exclusion may be more than your cost. Amended tax forms Deduction of unrecovered cost. Amended tax forms   If your annuity starting date is after July 1, 1986, and the cost of your annuity has not been fully recovered at your (or the survivor annuitant's) death, a deduction is allowed for the unrecovered cost. Amended tax forms The deduction is claimed on your (or your survivor's) final tax return as a miscellaneous itemized deduction (not subject to the 2%-of-adjusted-gross-income limit). Amended tax forms If your annuity starting date is before July 2, 1986, no tax benefit is allowed for any unrecovered cost at death. Amended tax forms Simplified Method If your annuity starting date is after November 18, 1996, you must use the Simplified Method to figure the tax-free part of your CSRS or FERS annuity. Amended tax forms (OPM has figured the taxable amount of your annuity shown on your Form CSA 1099R using the Simplified Method. Amended tax forms ) You could have chosen to use either the Simplified Method or the General Rule if your annuity starting date is after July 1, 1986, but before November 19, 1996. Amended tax forms The Simplified Method does not apply if your annuity starting date is before July 2, 1986. Amended tax forms Under the Simplified Method, you figure the tax-free part of each full monthly payment by dividing your cost by a number of months based on your age. Amended tax forms This number will differ depending on whether your annuity starting date is before November 19, 1996, or after November 18, 1996. Amended tax forms If your annuity starting date is after 1997 and your annuity includes a survivor benefit for your spouse, this number is based on your combined ages. Amended tax forms Worksheet A. Amended tax forms   Use Worksheet A. Amended tax forms Simplified Method (near the end of this publication), to figure your taxable annuity. Amended tax forms Be sure to keep the completed worksheet. Amended tax forms It will help you figure your taxable amounts for later years. Amended tax forms Instead of Worksheet A, you generally can use the Simplified Method Worksheet in the instructions for Form 1040, Form 1040A, or Form 1040NR to figure your taxable annuity. Amended tax forms However, you must use Worksheet A and Worksheet B in this publication if you chose the alternative annuity option, discussed later. Amended tax forms Line 2. Amended tax forms   See Your cost , earlier, for an explanation of your cost in the plan. Amended tax forms If your annuity starting date is after November 18, 1996, and you chose the alternative annuity option (explained later), you must reduce your cost by the tax-free part of the lump-sum payment you received. Amended tax forms Line 3. Amended tax forms   The number you enter on line 3 is the appropriate number from Table 1 or 2 representing approximate life expectancies in months. Amended tax forms If your annuity starting date is after 1997, use: Table 1 for an annuity without a survivor benefit, or Table 2 for an annuity with a survivor benefit. Amended tax forms If your annuity starting date is before 1998, use Table 1. Amended tax forms Line 6. Amended tax forms   If you received contributions tax free before 2013, the amount previously recovered tax free that you must enter on line 6 is the total amount from line 10 of last year's worksheet. Amended tax forms If your annuity starting date is before November 19, 1996, and you chose the alternative annuity option, this amount includes the tax-free part of the lump-sum payment you received. Amended tax forms Example. Amended tax forms Bill Smith retired from the Federal Government on March 31, 2013, under an annuity that will provide a survivor benefit for his wife, Kathy. Amended tax forms His annuity starting date is April 1, 2013, the annuity is paid in arrears, and he received his first monthly annuity payment on May 1, 2013. Amended tax forms He must use the Simplified Method to figure the tax-free part of his annuity benefits. Amended tax forms Bill's monthly annuity benefit is $1,000. Amended tax forms He had contributed $31,000 to his retirement plan and had received no distributions before his annuity starting date. Amended tax forms At his annuity starting date, he was 65 and Kathy was 57. Amended tax forms Bill's completed Worksheet A is shown later. Amended tax forms To complete line 3, he used Table 2 at the bottom of the worksheet and found that 310 is the number in the second column opposite the age range that includes 122 (his and Kathy's combined ages). Amended tax forms Bill keeps a copy of the completed worksheet for his records. Amended tax forms It will help him (and Kathy, if she survives him) figure the taxable amount of the annuity in later years. Amended tax forms Bill's tax-free monthly amount is $100. Amended tax forms (See line 4 of the worksheet. Amended tax forms ) If he lives to collect more than 310 monthly payments, he will generally have to include in his gross income the full amount of any annuity payments received after 310 payments have been made. Amended tax forms If Bill does not live to collect 310 monthly payments and his wife begins to receive monthly payments, she also will exclude $100 from each monthly payment until 310 payments (Bill's and hers) have been collected. Amended tax forms If she dies before 310 payments have been made, a miscellaneous itemized deduction (not subject to the 2%-of-adjusted- gross-income limit) will be allowed for the unrecovered cost on her final income tax return. Amended tax forms General Rule If your annuity starting date is after November 18, 1996, you cannot use the General Rule to figure the tax-free part of your CSRS or FERS annuity. Amended tax forms If your annuity starting date is after July 1, 1986, but before November 19, 1996, you could have chosen to use either the General Rule or the Simplified Method. Amended tax forms If your annuity starting date is before July 2, 1986, you could have chosen to use the General Rule only if you could not use the Three-Year Rule. Amended tax forms Under the General Rule, you figure the tax-free part of each full monthly payment by multiplying the initial gross monthly rate of your annuity by an exclusion percentage. Amended tax forms Figuring this percentage is complex and requires the use of actuarial tables. Amended tax forms For these tables and other information about using the General Rule, see Publication 939. Amended tax forms Three-Year Rule If your annuity starting date was before July 2, 1986, you probably had to report your annuity using the Three-Year Rule. Amended tax forms Under this rule, you excluded all the annuity payments from income until you fully recovered your cost. Amended tax forms After your cost was recovered, all payments became fully taxable. Amended tax forms You cannot use another rule to again exclude amounts from income. Amended tax forms The Three-Year Rule was repealed for retirees whose annuity starting date is after July 1, 1986. Amended tax forms Worksheet A. Amended tax forms Simplified Method for Bill Smith See the instructions in Part II of this publication under Simplified Method. Amended tax forms 1. Amended tax forms Enter the total pension or annuity payments received this year. Amended tax forms Also, add this amount to the total for Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a 1. Amended tax forms $ 8,000 2. Amended tax forms Enter your cost in the plan at the annuity starting date, plus any death benefit exclusion*. Amended tax forms See Your cost in Part II, Rules for Retirees, earlier 2. Amended tax forms 31,000 Note: If your annuity starting date was before this year and you completed this worksheet last year, skip line 3 and enter the amount from line 4 of last year's worksheet on line 4 below (even if the amount of your pension or annuity has changed). Amended tax forms Otherwise, go to line 3. Amended tax forms   3. Amended tax forms Enter the appropriate number from Table 1 below. Amended tax forms But if your annuity starting date was after 1997 and the payments are for your life and that of your beneficiary, enter the appropriate number from Table 2 below. Amended tax forms 3. Amended tax forms 310 4. Amended tax forms Divide line 2 by the number on line 3 4. Amended tax forms 100 5. Amended tax forms Multiply line 4 by the number of months for which this year's payments were made. Amended tax forms If your annuity starting date was before 1987, enter this amount on line 8 below and skip lines 6, 7, 10, and 11. Amended tax forms Otherwise, go to line 6 5. Amended tax forms 800 6. Amended tax forms Enter any amounts previously recovered tax free in years after 1986. Amended tax forms This is the amount shown on line 10 of your worksheet for last year 6. Amended tax forms 0 7. Amended tax forms Subtract line 6 from line 2 7. Amended tax forms 31,000 8. Amended tax forms Enter the smaller of line 5 or line 7 8. Amended tax forms 800 9. Amended tax forms Taxable amount for year. Amended tax forms Subtract line 8 from line 1. Amended tax forms Enter the result, but not less than zero. Amended tax forms Also, add this amount to the total for Form 1040, line 16b, or Form 1040A, line 12b. Amended tax forms If you are a nonresident alien, also enter this amount on line 1 of Worksheet C. Amended tax forms If your Form CSA 1099R or Form CSF 1099R shows a larger amount, use the amount figured on this line instead. Amended tax forms If you are a retired public safety officer, see Distributions Used To Pay Insurance Premiums for Public Safety Officers in Part II before entering an amount on your tax return or Worksheet C, line 1 9. Amended tax forms $7,200 10. Amended tax forms Was your annuity starting date before 1987?   Yes. Amended tax forms Do not complete the rest of this worksheet. Amended tax forms    No. Amended tax forms Add lines 6 and 8. Amended tax forms This is the amount you have recovered tax free through 2013. Amended tax forms You will need this number if you need to fill out this worksheet next year 10. Amended tax forms 800 11. Amended tax forms Balance of cost to be recovered. Amended tax forms Subtract line 10 from line 2. Amended tax forms If zero, you will not have to complete this worksheet next year. Amended tax forms The payments you receive next year will generally be fully taxable 11. Amended tax forms $30,200 Table 1 for Line 3 Above    IF your age on your  annuity starting date was   AND your annuity starting date was—     before November 19, 1996,  THEN enter on line 3 after November 18, 1996,  THEN enter on line 3   55 or under 300 360   56–60 260 310   61–65 240 260   66–70 170 210   71 or over 120 160  Table 2 for Line 3 Above    IF the annuitants' combined ages on your annuity starting date were   THEN enter on line 3         110 or under   410         111–120   360         121–130   310         131–140   260         141 or over   210       * A death benefit exclusion of up to $5,000 applied to certain benefits received by survivors of employees who died before August 21, 1996. Amended tax forms Alternative Annuity Option If you are eligible, you may choose an alternative form of annuity. Amended tax forms If you make this choice, you will receive a lump-sum payment equal to your contributions to the plan and a reduced monthly annuity. Amended tax forms You are eligible to make this choice if you meet all of the following requirements. Amended tax forms You are retiring, but not on disability. Amended tax forms You have a life-threatening illness or other critical medical condition. Amended tax forms You do not have a former spouse entitled to court ordered benefits based on your service. Amended tax forms If you are not eligible or do not choose this alternative annuity, you can skip the following discussion and go to Federal Gift Tax , later. Amended tax forms Lump-Sum Payment The lump-sum payment you receive under the alternative annuity option generally has a tax-free part and a taxable part. Amended tax forms The tax-free part represents part of your cost. Amended tax forms The taxable part represents part of the earnings on your annuity contract. Amended tax forms Your lump-sum credit (discussed later) may include a deemed deposit or redeposit that is treated as being included in your lump-sum payment even though you do not actually receive such amounts. Amended tax forms Deemed deposits and redeposits, which are described later under Lump-sum credit , are taxable to you in the year of retirement. Amended tax forms Your taxable amount may therefore be more than the lump-sum payment you receive. Amended tax forms You must include the taxable part of the lump-sum payment in your income for the year you receive the payment unless you roll it over into another qualified plan or an IRA. Amended tax forms If you do not have OPM transfer the taxable amount to an IRA or other plan in a direct rollover, tax will be withheld at a 20% rate. Amended tax forms See Rollover Rules , later, for information on how to make a rollover. Amended tax forms OPM can make a direct rollover only up to the amount of the lump-sum payment. Amended tax forms Therefore, to defer tax on the full taxable amount if it is more than the payment, you must add funds from another source. Amended tax forms The taxable part of the lump-sum payment does not qualify as a lump-sum distribution eligible for capital gain treatment or the 10-year tax option. Amended tax forms It also may be subject to an additional 10% tax on early distributions if you separate from service before the calendar year in which you reach age 55, even if you reach age 55 in the year you receive the lump-sum payment. Amended tax forms For more information, see Lump-Sum Distributions and Tax on Early Distributions in Publication 575. Amended tax forms Worksheet B. Amended tax forms   Use Worksheet B. Amended tax forms Lump-Sum Payment (near the end of this publication), to figure the taxable part of your lump-sum payment. Amended tax forms Be sure to keep the completed worksheet for your records. Amended tax forms   To complete the worksheet, you will need to know the amount of your lump-sum credit and the present value of your annuity contract. Amended tax forms Lump-sum credit. Amended tax forms   Generally, this is the same amount as the lump-sum payment you receive (the total of your contributions to the retirement system). Amended tax forms However, for purposes of the alternative annuity option, your lump-sum credit also may include deemed deposits and redeposits that OPM advanced to your retirement account so that you are given credit for the service they represent. Amended tax forms Deemed deposits (including interest) are for federal employment during which no retirement contributions were taken out of your pay. Amended tax forms Deemed redeposits (including interest) are for any refunds of retirement contributions that you received and did not repay. Amended tax forms You are treated as if you had received a lump-sum payment equal to the amount of your lump-sum credit and then had made a repayment to OPM of the advanced amounts. Amended tax forms Present value of your annuity contract. Amended tax forms   The present value of your annuity contract is figured using actuarial tables provided by the IRS. Amended tax forms If you are receiving a lump-sum payment under the Alternative Annuity Option, you can write to the address below to find out the present value of your annuity contract. Amended tax forms Internal Revenue Service Attn: Actuarial Group 2 TE/GE SE:T:EP:RA:T:A2 NCA-629 1111 Constitution Ave. Amended tax forms , NW Washington, DC 20224-0002 Example. Amended tax forms David Brown retired from the federal government in 2013, one month after his 55th birthday. Amended tax forms He had contributed $31,000 to his retirement plan and chose to receive a lump-sum payment of that amount under the alternative annuity option. Amended tax forms The present value of his annuity contract was $155,000. Amended tax forms The tax-free part and the taxable part of the lump-sum payment are figured using Worksheet B, as shown below. Amended tax forms The taxable part ($24,800) is also his net cost in the plan, which is used to figure the taxable part of his reduced annuity payments. Amended tax forms See Reduced Annuity , later. Amended tax forms Worksheet B. Amended tax forms Lump-Sum Payment for David Brown See the instructions in Part II of this publication under Alternative Annuity Option . Amended tax forms  1. Amended tax forms Enter your lump-sum credit (your cost in the plan at the annuity starting date) 1. Amended tax forms $ 31,000 2. Amended tax forms Enter the present value of your annuity contract 2. Amended tax forms 155,000 3. Amended tax forms Divide line 1 by line 2 3. Amended tax forms . Amended tax forms 20 4. Amended tax forms Tax-free amount. Amended tax forms Multiply line 1 by line 3. Amended tax forms (Caution: Do not include this amount on line 6 of Worksheet A in this publication. Amended tax forms ) 4. Amended tax forms $6,200 5. Amended tax forms Taxable amount (net cost in the plan). Amended tax forms Subtract line 4 from line 1. Amended tax forms Include this amount in the total on Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b. Amended tax forms Also, enter this amount on line 2 of Worksheet A in this publication. Amended tax forms 5. Amended tax forms $24,800   Lump-sum payment in installments. Amended tax forms   If you choose the alternative annuity option, you usually will receive the lump-sum payment in two equal installments. Amended tax forms You will receive the first installment after you make the choice upon retirement. Amended tax forms The second installment will be paid to you, with interest, in the next calendar year. Amended tax forms (Exceptions to the installment rule are provided for cases of critical medical need. Amended tax forms )   Even though the lump-sum payment is made in installments, the overall tax treatment (explained at the beginning of this discussion) is the same as if the whole payment were paid at once. Amended tax forms If the payment has a tax-free part, you must treat the taxable part as received first. Amended tax forms How to report. Amended tax forms   Add any actual or deemed payment of your lump-sum credit (defined earlier) to the total for Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a. Amended tax forms Add the taxable part to the total for Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b, unless you roll over the taxable part to your traditional IRA or a qualified retirement plan. Amended tax forms    If you receive the lump-sum payment in two installments, include any interest paid with the second installment on line 8a of either Form 1040 or Form 1040A, or on line 9a of Form 1040NR. Amended tax forms Reduced Annuity If you have chosen to receive a lump-sum payment under the alternative annuity option, you also will receive reduced monthly annuity payments. Amended tax forms These annuity payments each will have a tax-free and a taxable part. Amended tax forms To figure the tax-free part of each annuity payment, you must use the Simplified Method (Worksheet A). Amended tax forms For instructions on how to complete the worksheet, see Worksheet A under Simplified Method, earlier. Amended tax forms To complete Worksheet A, line 2, you must reduce your cost in the plan by the tax-free part of the lump-sum payment you received. Amended tax forms Enter as your net cost on line 2 the amount from Worksheet B, line 5. Amended tax forms Do not include the tax-free part of the lump-sum payment with other amounts recovered tax free (Worksheet A, line 6) when limiting your total exclusion to your total cost. Amended tax forms Example. Amended tax forms The facts are the same as in the example for David Brown in the preceding discussion. Amended tax forms In addition, David received 10 annuity payments in 2013 of $1,200 each. Amended tax forms Using Worksheet A, he figures the taxable part of his annuity payments. Amended tax forms He completes line 2 by reducing his $31,000 cost by the $6,200 tax-free part of his lump-sum payment. Amended tax forms His entry on line 2 is his $24,800 net cost in the plan (the amount from Worksheet B, line 5). Amended tax forms He does not include the tax-free part of his lump-sum payment on Worksheet A, line 6. Amended tax forms David's filled-in Worksheet A is shown on the next page. Amended tax forms Worksheet A. Amended tax forms Simplified Method for David Brown See the instructions in Part II of this publication under Simplified Method . Amended tax forms 1. Amended tax forms Enter the total pension or annuity payments received this year. Amended tax forms Also, add this amount to the total for Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a 1. Amended tax forms $ 12,000 2. Amended tax forms Enter your cost in the plan at the annuity starting date, plus any death benefit exclusion*. Amended tax forms See Your cost in Part II, Rules for Retirees, earlier 2. Amended tax forms 24,800 Note: If your annuity starting date was before this year and you completed this worksheet last year, skip line 3 and enter the amount from line 4 of last year's worksheet on line 4 below (even if the amount of your pension or annuity has changed). Amended tax forms Otherwise, go to line 3. Amended tax forms   3. Amended tax forms Enter the appropriate number from Table 1 below. Amended tax forms But if your annuity starting date was after 1997 and the payments are for your life and that of your beneficiary, enter the appropriate number from Table 2 below. Amended tax forms 3. Amended tax forms 360 4. Amended tax forms Divide line 2 by the number on line 3 4. Amended tax forms 68. Amended tax forms 89 5. Amended tax forms Multiply line 4 by the number of months for which this year's payments were made. Amended tax forms If your annuity starting date was before 1987, enter this amount on line 8 below and skip lines 6, 7, 10, and 11. Amended tax forms Otherwise, go to line 6 5. Amended tax forms 688. Amended tax forms 90 6. Amended tax forms Enter any amounts previously recovered tax free in years after 1986. Amended tax forms This is the amount shown on line 10 of your worksheet for last year 6. Amended tax forms 0 7. Amended tax forms Subtract line 6 from line 2 7. Amended tax forms 24,800 8. Amended tax forms Enter the smaller of line 5 or line 7 8. Amended tax forms 688. Amended tax forms 90 9. Amended tax forms Taxable amount for year. Amended tax forms Subtract line 8 from line 1. Amended tax forms Enter the result, but not less than zero. Amended tax forms Also, add this amount to the total for Form 1040, line 16b, or Form 1040A, line 12b. Amended tax forms If you are a nonresident alien, also enter this amount on line 1 of Worksheet C. Amended tax forms If your Form CSA 1099R or Form CSF 1099R shows a larger amount, use the amount figured on this line instead. Amended tax forms If you are a retired public safety officer, see Distributions Used To Pay Insurance Premiums for Public Safety Officers in Part II before entering an amount on your tax return or Worksheet C, line 1 9. Amended tax forms $11,311. Amended tax forms 10 10. Amended tax forms Was your annuity starting date before 1987?   Yes. Amended tax forms Do not complete the rest of this worksheet. Amended tax forms    No. Amended tax forms Add lines 6 and 8. Amended tax forms This is the amount you have recovered tax free through 2013. Amended tax forms You will need this number if you need to fill out this worksheet next year 10. Amended tax forms 688. Amended tax forms 90 11. Amended tax forms Balance of cost to be recovered. Amended tax forms Subtract line 10 from line 2. Amended tax forms If zero, you will not have to complete this worksheet next year. Amended tax forms The payments you receive next year will generally be fully taxable 11. Amended tax forms $24,111. Amended tax forms 10 Table 1 for Line 3 Above    IF your age on your annuity starting date was   AND your annuity starting date was—     before November 19, 1996,  THEN enter on line 3 after November 18, 1996,  THEN enter on line 3   55 or under 300 360   56–60 260 310   61–65 240 260   66–70 170 210   71 or over 120 160  Table 2 for Line 3 Above    IF the annuitants' combined ages on your annuity starting date were   THEN enter on line 3         110 or under   410         111–120   360         121–130   310         131–140   260         141 or over   210       * A death benefit exclusion of up to $5,000 applied to certain benefits received by survivors of employees who died before August 21, 1996. Amended tax forms Reemployment after choosing the alternative annuity option. Amended tax forms If you chose this option when you retired and then you were reemployed by the Federal Government before retiring again, your Form CSA 1099R may show only the amount of your contributions to your retirement plan during your reemployment. Amended tax forms If the amount on the form does not include all your contributions, disregard it and use your total contributions to figure the taxable part of your annuity payments. Amended tax forms Annuity starting date before November 19, 1996. Amended tax forms   If your annuity starting date is before November 19, 1996, and you chose the alternative annuity option, the taxable and tax-free parts of your lump-sum payment and your annuity payments are figured using different rules. Amended tax forms Under those rules, you do not reduce your cost in the plan (Worksheet A, line 2) by the tax-free part of the lump-sum payment. Amended tax forms However, you must include that tax-free amount with other amounts previously recovered tax free (Worksheet A, line 6) when limiting your total exclusion to your total cost. Amended tax forms Federal Gift Tax If, through the exercise or nonexercise of an election or option, you provide an annuity for your beneficiary at or after your death, you have made a gift. Amended tax forms The gift may be taxable for gift tax purposes. Amended tax forms The value of the gift is equal to the value of the annuity. Amended tax forms Joint and survivor annuity. Amended tax forms   If the gift is an interest in a joint and survivor annuity where only you and your spouse can receive payments before the death of the last spouse to die, the gift generally will qualify for the unlimited marital deduction. Amended tax forms This will eliminate any gift tax liability with regard to that gift. Amended tax forms   If you provide survivor annuity benefits for someone other than your current spouse, such as your former spouse, the unlimited marital deduction will not apply. Amended tax forms This may result in a taxable gift. Amended tax forms More information. Amended tax forms   For information about the gift tax, see Publication 950, Introduction to Estate and Gift Taxes, and Form 709, United States Gift (and Generation-Skipping Transfer) Tax Return, and its instructions. Amended tax forms Retirement During the Past Year If you have recently retired, the following discussions covering annual leave, voluntary contributions, and community property may apply to you. Amended tax forms Annual leave. Amended tax forms   A payment for accrued annual leave received on retirement is a salary payment. Amended tax forms It is taxable as wages in the tax year you receive it. Amended tax forms Voluntary contributions. Amended tax forms   Voluntary contributions to the retirement fund are those made in addition to the regular contributions that were deducted from your salary. Amended tax forms They also include the regular contributions withheld from your salary after you have the years of service necessary for the maximum annuity allowed by law. Amended tax forms Voluntary contributions are not the same as employee contributions to the Thrift Savings Plan. Amended tax forms See Thrift Savings Plan , later. Amended tax forms Additional annuity benefit. Amended tax forms   If you choose to receive an additional annuity benefit from your voluntary contributions, it is treated separately from the annuity benefit that comes from the regular contributions deducted from your salary. Amended tax forms This separate treatment applies for figuring the amounts to be excluded from, and included in, gross income. Amended tax forms It does not matter that you receive only one monthly check covering both benefits. Amended tax forms Each year you will receive a Form CSA 1099R that will show how much of your total annuity received in the past year was from each type of benefit. Amended tax forms   Figure the taxable and tax-free parts of your additional monthly benefits from voluntary contributions using the rules that apply to regular CSRS and FERS annuities, as explained earlier. Amended tax forms Refund of voluntary contributions. Amended tax forms   If you choose to receive a refund of your voluntary contributions plus accrued interest, the interest is taxable to you in the tax year it is distributed unless you roll it over to a traditional IRA or another qualified retirement plan. Amended tax forms If you do not have OPM transfer the interest to a traditional IRA or other qualified retirement plan in a direct rollover, tax will be withheld at a 20% rate. Amended tax forms See Rollover Rules , later. Amended tax forms The interest does not qualify as a lump-sum distribution eligible for capital gain treatment or the 10-year tax option. Amended tax forms It also may be subject to an additional 10% tax on early distributions if you separate from service before the calendar year in which you reach age 55. Amended tax forms For more information, see Lump-Sum Distributions and Tax on Early Distributions in Publication 575. Amended tax forms Community property laws. Amended tax forms   State community property laws apply to your annuity. Amended tax forms These laws will affect your income tax only if you file a return separately from your spouse. Amended tax forms   Generally, the determination of whether your annuity is separate income (taxable to you) or community income (taxable to both you and your spouse) is based on your marital status and domicile when you were working. Amended tax forms Regardless of whether you are now living in a community property state or a noncommunity property state, your current annuity may be community income if it is based on services you performed while married and domiciled in a community property state. Amended tax forms   At any time, you have only one domicile even though you may have more than one home. Amended tax forms Your domicile is your fixed and permanent legal home that you intend to use for an indefinite or unlimited period, and to which, when absent, you intend to return. Amended tax forms The question of your domicile is mainly a matter of your intentions as indicated by your actions. Amended tax forms   If your annuity is a mixture of community income and separate income, you must divide it between the two kinds of income. Amended tax forms The division is based on your periods of service and domicile in community and noncommunity property states while you were married. Amended tax forms   For more information, see Publication 555, Community Property. Amended tax forms Reemployment After Retirement If you retired from federal service and are later rehired by the Federal Government as an employee, you can continue to receive your annuity during reemployment. Amended tax forms The employing agency usually will pay you the difference between your salary for your period of reemployment and your annuity. Amended tax forms This amount is taxable as wages. Amended tax forms Your annuity will continue to be taxed just as it was before. Amended tax forms If you are still recovering your cost, you continue to do so. Amended tax forms If you have recovered your cost, the annuity you receive while you are reemployed generally is fully taxable. Amended tax forms Nonresident Aliens The following special rules apply to nonresident alien federal employees performing services outside the United States and to nonresident alien retirees and beneficiaries. Amended tax forms A nonresident alien is an individual who is not a citizen or a resident alien of the United States. Amended tax forms Special rule for figuring your total contributions. Amended tax forms   Your contributions to the retirement plan (your cost) also include the government's contributions to the plan to a certain extent. Amended tax forms You include government contributions that would not have been taxable to you at the time they were contributed if they had been paid directly to you. Amended tax forms For example, government contributions would not have been taxable to you if, at the time made, your services were performed outside the United States. Amended tax forms Thus, your cost is increased by these government contributions and the benefits that you, or your beneficiary, must include in income are reduced. Amended tax forms   This method of figuring your total contributions does not apply to any contributions the government made on your behalf after you became a citizen or a resident alien of the United States. Amended tax forms Limit on taxable amount. Amended tax forms   There is a limit on the taxable amount of payments received from the CSRS, the FERS, or the TSP by a nonresident alien retiree or nonresident alien beneficiary. Amended tax forms Figure this limited taxable amount by multiplying the otherwise taxable amount by a fraction. Amended tax forms The numerator of the fraction is the retiree's total U. Amended tax forms S. Amended tax forms Government basic pay, other than tax-exempt pay for services performed outside the United States. Amended tax forms The denominator is the retiree's total U. Amended tax forms S. Amended tax forms Government basic pay for all services. Amended tax forms    Basic pay includes regular pay plus any standby differential. Amended tax forms It does not include bonuses, overtime pay, certain retroactive pay, uniform or other allowances, or lump-sum leave payments. Amended tax forms   To figure the limited taxable amount of your CSRS or FERS annuity or your TSP distributions, use Worksheet C. Amended tax forms (For an annuity, first complete Worksheet A in this publication. Amended tax forms ) Worksheet C. Amended tax forms Limited Taxable Amount for Nonresident Alien 1. Amended tax forms Enter the otherwise taxable amount of the CSRS or FERS annuity (from line 9 of Worksheet A or from Forms CSA 1099R or CSF 1099R) or TSP distributions (from Form 1099R) 1. Amended tax forms   2. Amended tax forms Enter the total U. Amended tax forms S. Amended tax forms Government basic pay other than tax-exempt pay for services performed outside the United States 2. Amended tax forms   3. Amended tax forms Enter the total U. Amended tax forms S. Amended tax forms Government basic pay for all services 3. Amended tax forms   4. Amended tax forms Divide line 2 by line 3 4. Amended tax forms   5. Amended tax forms Limited taxable amount. Amended tax forms Multiply line 1 by line 4. Amended tax forms Enter this amount on Form 1040NR, line 17b 5. Amended tax forms   Example 1. Amended tax forms You are a nonresident alien who performed all services for the U. Amended tax forms S. Amended tax forms Government abroad as a nonresident alien. Amended tax forms You retired and began to receive a monthly annuity of $200. Amended tax forms Your total basic pay for all services for the U. Amended tax forms S. Amended tax forms Government was $100,000. Amended tax forms All of your basic pay was tax exempt because it was not U. Amended tax forms S. Amended tax forms source income. Amended tax forms The taxable amount of your annuity using Worksheet A in this publication is $720. Amended tax forms You are a nonresident alien, so you figure the limited taxable amount of your annuity using Worksheet C as follows. Amended tax forms Worksheet C. Amended tax forms Limited Taxable Amount for Nonresident Alien — Example 1 1. Amended tax forms Enter the otherwise taxable amount of the CSRS or FERS annuity (from line 9 of Worksheet A or from Forms CSA 1099R or CSF 1099R) or TSP distributions (from Form 1099R) 1. Amended tax forms $ 720 2. Amended tax forms Enter the total U. Amended tax forms S. Amended tax forms Government basic pay other than tax-exempt pay for services performed outside the United States 2. Amended tax forms 0 3. Amended tax forms Enter the total U. Amended tax forms S. Amended tax forms Government basic pay for all services 3. Amended tax forms 100,000 4. Amended tax forms Divide line 2 by line 3 4. Amended tax forms 0 5. Amended tax forms Limited taxable amount. Amended tax forms Multiply line 1 by line 4. Amended tax forms Enter this amount on Form 1040NR, line 17b 5. Amended tax forms 0 Example 2. Amended tax forms You are a nonresident alien who performed services for the U. Amended tax forms S. Amended tax forms Government as a nonresident alien both within the United States and abroad. Amended tax forms You retired and began to receive a monthly annuity of $240. Amended tax forms Your total basic pay for your services for the U. Amended tax forms S. Amended tax forms Government was $120,000; $40,000 was for work done in the United States and $80,000 was for your work done in a foreign country. Amended tax forms The part of your total basic pay for your work done in a foreign country was tax exempt because it was not U. Amended tax forms S. Amended tax forms source income. Amended tax forms The taxable amount of your annuity figured using Worksheet A in this publication is $1,980. Amended tax forms You are a nonresident alien, so you figure the limited taxable amount of your annuity using Worksheet C as follows. Amended tax forms Worksheet C. Amended tax forms Limited Taxable Amount for Nonresident Alien — Example 2 1. Amended tax forms Enter the otherwise taxable amount of the CSRS or FERS annuity (from line 9 of Worksheet A or from Forms CSA 1099R or CSF 1099R) or TSP distributions (from Form 1099R) 1. Amended tax forms $ 1,980 2. Amended tax forms Enter the total U. Amended tax forms S. Amended tax forms Government basic pay other than tax-exempt pay for services performed outside the United States 2. Amended tax forms 40,000 3. Amended tax forms Enter the total U. Amended tax forms S. Amended tax forms Government basic pay for all services 3. Amended tax forms 120,000 4. Amended tax forms Divide line 2 by line 3 4. Amended tax forms . Amended tax forms 333 5. Amended tax forms Limited taxable amount. Amended tax forms Multiply line 1 by line 4. Amended tax forms Enter this amount on Form 1040NR, line 17b 5. Amended tax forms 659 Thrift Savings Plan Generally, all of the money in your TSP account is taxed as ordinary income when you receive it. Amended tax forms (However, see Roth TSP balance and Uniformed services TSP accounts, next. Amended tax forms ) This is because neither the contributions to your traditional TSP balance nor its earnings have been included previously in your taxable income. Amended tax forms The way that you withdraw your account balance determines when you must pay the tax. Amended tax forms Roth TSP balance. Amended tax forms   The TSP also offers a Roth TSP option, which allows you to make after-tax contributions into your TSP account. Amended tax forms This means Roth TSP contributions are included in your income. Amended tax forms The contribution limits are the same as the traditional TSP. Amended tax forms You can elect to have part or all of your TSP contributions designated as a Roth TSP. Amended tax forms Agency contributions will be part of your traditional TSP balance. Amended tax forms Also, you cannot roll over any portion of your traditional TSP into your Roth TSP. Amended tax forms   Qualified distributions from your Roth TSP are not included in income. Amended tax forms This applies to both your cost in the account and income earned on that account. Amended tax forms A qualified distribution is generally a distribution that is: Made after a 5-tax-year period of participation, and Made on or after the date you reach age 59½, made to a beneficiary or your estate on or after your death, or attributable to your being disabled. Amended tax forms   For more information, go to the TSP website, www. Amended tax forms tsp. Amended tax forms gov, or the TSP Service Office. Amended tax forms See Publication 575, Pension and Annuity Income, for more information about designated Roth accounts. Amended tax forms Uniformed services TSP accounts. Amended tax forms   If you have a uniformed services TSP account that includes contributions from combat zone pay, the distributions attributable to those contributions are tax exempt. Amended tax forms However, any earnings on those contributions to a traditional TSP balance are subject to tax when they are distributed. Amended tax forms See Roth TSP balance discussed previously to get more information about Roth contributions. Amended tax forms The statement you receive from the TSP will separately state the total amount of your distribution and the amount of your taxable distribution for the year. Amended tax forms You can get more information from the TSP website, www. Amended tax forms tsp. Amended tax forms gov, or the TSP Service Office. Amended tax forms Direct rollover by the TSP. Amended tax forms   If you ask the TSP to transfer any part of the money in your account, from traditional contributions and its earnings, to a traditional IRA or other qualified retirement plan, the tax on that part is deferred until you receive payments from the traditional IRA or other plan. Amended tax forms However, see the following Note for a discussion on direct rollovers by the TSP of Roth contributions and its earnings. Amended tax forms Also, see Rollover Rules , later. Amended tax forms Direct rollover by the TSP to a Roth IRA. Amended tax forms   If you ask the TSP to transfer any part of the money in your account, from traditional contributions and its earnings, to a Roth IRA, the amount transferred will be taxed in the current year. Amended tax forms However, see the following Note for a discussion on direct rollovers by the TSP of Roth contributions and its earnings. Amended tax forms Also, see Rollovers to Roth IRAs for more information, later. Amended tax forms Note. Amended tax forms A direct rollover of your Roth contributions and its earnings (if certain conditions are met, see Roth TSP balance , earlier) in your TSP account to a Roth 401(k), Roth 403(b), Roth 457(b), or Roth IRA are not subject to tax when they are transferred or when you receive payments from those accounts at a later date. Amended tax forms This is because you already paid tax on those contributions. Amended tax forms You cannot rollover Roth contributions and its earnings in your TSP account to a traditional IRA. Amended tax forms TSP annuity. Amended tax forms   If you ask the TSP to buy an annuity with the money in your account, from traditional contributions and its earnings, the annuity payments are taxed when you receive them. Amended tax forms The payments are not subject to the additional 10% tax on early distributions, even if you are under age 55 when they begin. Amended tax forms However, there is no tax on the annuity payments if the annuity is purchased using the money in your account from Roth contributions and its earnings if certain conditions are met. Amended tax forms See Roth TSP balance , earlier. Amended tax forms This is because you already paid tax on those contributions. Amended tax forms Cash withdrawals. Amended tax forms   If you withdraw any of the money in your TSP account, from traditional contributions and its earnings, it is generally taxed as ordinary income when you receive it unless you roll it over into a traditional IRA or other qualified plan. Amended tax forms (See Rollover Rules , later. Amended tax forms ) If you receive your entire TSP account balance in a single tax year, you may be able to use the 10-year tax option to figure your tax. Amended tax forms See Lump-Sum Distributions in Publication 575 for details. Amended tax forms However, there is no tax if you withdraw money in your TSP account from Roth contributions and its earnings if certain conditions are met. Amended tax forms See Roth TSP balance , earlier. Amended tax forms    To qualify for the 10-year tax option, the plan participant must have been born before January 2, 1936. Amended tax forms   If you receive a single payment or you choose to receive your account balance in monthly payments over a period of less than 10 years, the TSP generally must withhold 20% for federal income tax. Amended tax forms If you choose to receive your account balance in monthly payments over a period of 10 or more years or a period based on your life expectancy, the payments are subject to withholding as if you are married with three withholding allowances, unless you submit a withholding certificate. Amended tax forms See also Withholding from Thrift Savings Plan payments earlier under Tax Withholding and Estimated Tax in Part I. Amended tax forms However, there is no withholding requirement for amounts withdrawn from your TSP account that is from Roth contributions and its earnings, if certain conditions are met. Amended tax forms See Roth TSP balance , earlier, for a discussion of those conditions. Amended tax forms Tax on early distributions. Amended tax forms   Any money paid to you from your TSP account before you reach age 59½ may be subject to an additional 10% tax on early distributions. Amended tax forms However, this additional tax does not apply in certain situations, including any of the following. Amended tax forms You receive the distribution and separate from government service during or after the calendar year in which you reach age 55. Amended tax forms You choose to receive your account balance in monthly payments based on your life expectancy. Amended tax forms You are totally and permanently disabled. Amended tax forms You receive amounts from your Roth contributions since that represents a return of your cost (after-tax money). Amended tax forms The earnings may be subject to the 10% tax depending on whether you met certain conditions. Amended tax forms See Roth TSP balance , earlier. Amended tax forms   For more information, see Tax on Early Distributions in Publication 575. Amended tax forms Outstanding loan. Amended tax forms   If the TSP declares a distribution from your account because money you borrowed has not been repaid when you separate from government service, your account is reduced and the amount of the distribution (your unpaid loan balance and any unpaid interest), from traditional contributions and its earnings, is taxed in the year declared. Amended tax forms The distribution also may be subject to the additional 10% tax on early distributions. Amended tax forms However, the tax will be deferred if you make a rollover contribution to a traditional IRA or other qualified plan equal to the declared distribution amount. Amended tax forms See Rollover Rules , later. Amended tax forms   If you withdraw any money from your TSP account in that same year, the TSP must withhold income tax of 20% of the total of the declared distribution and the amount withdrawn. Amended tax forms However, no withholding is required for portions of the distribution that is from Roth contributions and its earnings, if certain conditions are met. Amended tax forms See Roth TSP balance , earlier. Amended tax forms More information. Amended tax forms   For more information about the TSP, see Summary of the Thrift Savings Plan, distributed to all federal employees. Amended tax forms Also, see Important Tax Information About Payments From Your TSP Account and Special Tax Withholding Rules for Thrift Savings Plan Payments to Nonresident Aliens, which are available from your agency personnel office or from the TSP by calling 1-TSP-YOU-FIRST (1-877-968-3778) and for participants who are deaf, hard of hearing, or have a speech disability, call 1-TSP-THRIFT5 (1-877-847-4385). Amended tax forms    The above documents are also available on the TSP website at www. Amended tax forms tsp. Amended tax forms gov. Amended tax forms Select “Forms & Publications. Amended tax forms ” Rollover Rules Generally, a rollover is a tax-free withdrawal of cash or other assets from one qualified retirement plan or traditional IRA and its reinvestment in another qualified retirement plan or traditional IRA. Amended tax forms You do not include the amount rolled over in your income, and you cannot take a deduction for it. Amended tax forms The amount rolled over is taxed later as the new program pays that amount to you. Amended tax forms If you roll over amounts into a traditional IRA, later distributions of these amounts from the traditional IRA do not qualify for the capital gain or the 10-year tax option. Amended tax forms However, capital gain treatment or the 10-year tax option will be restored if the traditional IRA contains only amounts rolled over from a qualified plan and these amounts are rolled over from the traditional IRA into a qualified retirement plan. Amended tax forms To qualify for the capital gain treatment or 10-year tax option, the plan participant must have been born before January 2, 1936. Amended tax forms You can also roll over a distribution from a qualified retirement plan into a Roth IRA. Amended tax forms Although the transfer of a distribution into a Roth IRA is considered a rollover for Roth IRA purposes, it is not a tax-free transfer unless you are rolling over amounts from Roth contributions and its earnings. Amended tax forms See Rollovers to Roth IRAs , later, for more information. Amended tax forms Qualified retirement plan. Amended tax forms   For this purpose, a qualified retirement plan generally is: A qualified employee plan, A qualified employee annuity, A tax-sheltered annuity plan (403(b) plan), or An eligible state or local government section 457 deferred compensation plan. Amended tax forms The CSRS, FERS, and TSP are considered qualified retirement plans. Amended tax forms Distributions eligible for rollover treatment. Amended tax forms   If you receive a refund of your CSRS or FERS contributions when you leave government service, you can roll over any interest you receive on the contributions. Amended tax forms You cannot roll over any part of your CSRS or FERS annuity payments. Amended tax forms   You can roll over a distribution of any part of your TSP account balance except: A distribution of your account balance that you choose to receive in monthly payments over: Your life expectancy, The joint life expectancies of you and your beneficiary, or A period of 10 years or more, A required minimum distribution generally beginning at age 70½, A declared distribution because of an unrepaid loan, if you have not separated from government service (see Outstanding loan under Thrift Savings Plan, earlier), or A hardship distribution. Amended tax forms   In addition, a distribution to your beneficiary generally is not treated as an eligible rollover distribution. Amended tax forms However, see Qualified domestic relations order (QDRO) and Rollovers by surviving spouse , and Rollovers by nonspouse beneficiary , later. Amended tax forms Direct rollover option. Amended tax forms   You can choose to have the OPM or TSP transfer any part of an eligible rollover distribution directly to another qualified retirement plan that accepts rollover distributions or to a traditional IRA or Roth IRA. Amended tax forms   There is an automatic rollover requirement for mandatory distributions. Amended tax forms A mandatory distribution is a distribution made without your consent and before you reach age 62 or normal retirement age, whichever is later. Amended tax forms The automatic rollover requirement applies if the distribution is more than $1,000 and is an eligible rollover distribution. Amended tax forms You can choose to have the distribution paid directly to you or rolled over directly to your traditional or Roth IRA or another qualified retirement plan. Amended tax forms If you do not make this choice, OPM will automatically roll over the distribution into an IRA of a designated trustee or issuer. Amended tax forms No tax withheld. Amended tax forms   If you choose the direct rollover option or have an automatic rollover, no tax will be withheld from any part of the distribution that is directly paid to the trustee of the other plan. Amended tax forms However, if the rollover is to a Roth IRA, you may want to choose to have tax withheld since any amount rolled over is generally included in income. Amended tax forms Any part of the eligible rollover distribution paid to you is subject to withholding at a 20% rate. Amended tax forms Direct roll over amounts from Roth contributions and its earnings do not have tax withheld because you already paid tax on those amounts. Amended tax forms Payment to you option. Amended tax forms   If an eligible rollover distribution is paid to you, the OPM or TSP must withhold 20% for income tax even if you plan to roll over the distribution to another qualified retirement plan, traditional or Roth IRA. Amended tax forms However, the full amount is treated as distributed to you even though you actually receive only 80%. Amended tax forms You generally must include in income any part (including the part withheld) that you do not roll over within 60 days to another qualified retirement plan or to a traditional IRA. Amended tax forms Rollovers to Roth IRAs are generally included in income. Amended tax forms Eligible rollover distributions that are from Roth contributions do not have tax withheld because you already paid tax on those amounts. Amended tax forms If you leave government service before the calendar year in which you reach age 55 and are under age 59½ when a distribution is paid to you, you may have to pay an additional 10% tax on any part, including any tax withheld, that you do not roll over. Amended tax forms However, distributions from Roth contributions will not be subject to the 10% additional tax because it is a return of your cost (after-tax money). Amended tax forms Earnings from those contributions may be subject to the 10% additional tax if certain conditions are not met. Amended tax forms See Roth TSP balance , earlier. Amended tax forms Also, see Tax on Early Distributions in Publication 575. Amended tax forms Exception to withholding. Amended tax forms   Withholding from an eligible rollover distribution paid to you is not required if the distributions for your tax year total less than $200. Amended tax forms Partial rollovers. Amended tax forms   A lump-sum distribution may qualify for capital gain treatment or the 10-year tax option if the plan participant was born before January 2, 1936. Amended tax forms See Lump-Sum Distributions in Publication 575. Amended tax forms However, if you roll over any part of the distribution, the part you keep does not qualify for this special tax treatment. Amended tax forms Rolling over more than amount received. Amended tax forms   If you want to roll over more of an eligible rollover distribution than the amount you received after income tax was withheld, you will have to add funds from some other source (such as your savings or borrowed amounts). Amended tax forms Example. Amended tax forms You left government service at age 53. Amended tax forms On February 1, 2013, you receive an eligible rollover distribution of $10,000 from you