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File for a tax extension free Publicación 4492(SP) - Main Contents Tabla de contenidos DefinicionesZona de Desastre del Huracán Katrina Zona de Desastre del Huracán Katrina con Cobertura Zona de Oportunidad del Golfo (GO) (Zona Central del Desastre) Zona de Desastre del Huracán Rita (Zona de Desastre de Rita con Cobertura) Zona GO de Rita Zona de Desastre del Huracán Wilma Zona de Desastre del Huracán Wilma con Cobertura Zona GO de Wilma Prórrogas de las Fechas de Vencimiento Tributarias Incentivos por Contribuciones CaritativasSuspensión Temporal de los Límites sobre las Contribuciones Caritativas Tasa Estándar por Milla para el Uso de Vehículos para Fines Caritativos Reembolsos de Millas a Voluntarios que Prestaron Servicios con Fines Caritativos Deducción Caritativa por Contribuciones de Inventario de Alimentos Deducción Caritativa por Contribuciones de Inventarios de Libros a Escuelas Públicas Pérdidas por Hechos Fortuitos y RobosPlazo para hacer la elección. File for a tax extension free Período de Reposición para que las Ganancias no sean Reconocidas Pérdidas Netas de Operación Las Cuentas IRA y Otros Planes de JubilaciónDefiniciones Tributación de Distribuciones Calificadas por Motivos de un Huracán Reintegro de Distribuciones Calificadas por Motivos de un Huracán Reintegro de Distribuciones Calificadas por la Compra o Construcción de un Hogar Principal Préstamos Provenientes de Planes Calificados Alivio Tributario Adicional para Personas FísicasCrédito por Ingreso del Trabajo y Crédito Tributario por Hijos Exenciones Adicionales por la Provisión de Vivienda para Personas que Tuvieron que Abandonar sus Hogares por Causa del Huracán Katrina Créditos Tributarios por Enseñanza Superior Recuperación del Subsidio Hipotecario Federal Exclusión de Ciertas Cancelaciones de Endeudamiento por Motivos del Huracán Katrina Alivio Tributario para la Reubicación Temporal Alivio Tributario Adicional para Empresas Asignación (Descuento) Especial de Depreciación Mayor Deducción Conforme a la Sección 179 Crédito por Oportunidad de Trabajo Créditos por la Retención de Empleados Crédito por Vivienda del Huracán Katrina Costos de Reforestación Costos de Demolición y Limpieza Aumento del Crédito Tributario por Rehabilitación Solicitud de Copia o Apógrafo de la Declaración de Impuestos Cómo Obtener Ayuda con los Impuestos Definiciones En esta publicación se utilizarán las siguientes definiciones: Zona de Desastre del Huracán Katrina La zona de desastre del huracán Katrina abarca el área que el Presidente declaró zona mayor de desastre debido al huracán Katrina, antes del 14 de septiembre del 2005. File for a tax extension free La zona de desastre del huracán Katrina abarca los estados de Alabama, Florida, Louisiana y Mississippi en su totalidad. File for a tax extension free Zona de Desastre del Huracán Katrina con Cobertura El IRS ha designado una parte de la zona del huracán Katrina como zona de desastre con cobertura. File for a tax extension free La zona de desastre del huracán Katrina con cobertura abarca las siguientes áreas en cuatro estados distintos: Alabama. File for a tax extension free   Los condados de Baldwin, Bibb, Choctaw, Clarke, Colbert, Cullman, Greene, Hale, Jefferson, Lamar, Lauderdale, Marengo, Marion, Mobile, Monroe, Perry, Pickens, Sumter, Tuscaloosa, Washington, Wilcox y Winston. File for a tax extension free Florida. File for a tax extension free   Los condados de Bay, Broward, Collier, Escambia, Franklin, Gulf, Miami-Dade, Monroe, Okaloosa, Santa Rosa y Walton. File for a tax extension free Louisiana. File for a tax extension free   Todas las parroquias. File for a tax extension free Mississippi. File for a tax extension free   Todos los condados. File for a tax extension free Zona de Oportunidad del Golfo (GO) (Zona Central del Desastre) La Zona GO (también denominada zona central del desastre) abarca una parte de la zona de desastre ocasionada por el huracán Katrina que la Agencia Federal para el Manejo de Emergencias (conocida por sus siglas en inglés, FEMA) determinó ser elegible para recibir ayuda individual por sí sola o para recibir ambas ayuda individual y asistencia pública de parte del gobierno federal. File for a tax extension free La Zona GO incluye las siguientes áreas en tres estados distintos: Alabama. File for a tax extension free   Los condados de Baldwin, Choctaw, Clarke, Greene, Hale, Marengo, Mobile, Pickens, Sumter, Tuscaloosa y Washington. File for a tax extension free Louisiana. File for a tax extension free   Las parroquias de Acadia, Ascension, Assumption, Calcasieu, Cameron, East Baton Rouge, East Feliciana, Iberia, Iberville, Jefferson, Jefferson Davis, Lafayette, Lafourche, Livingston, Orleans, Plaquemines, Pointe Coupee, St. File for a tax extension free Bernard, St. File for a tax extension free Charles, St. File for a tax extension free Helena, St. File for a tax extension free James, St. File for a tax extension free John the Baptist, St. File for a tax extension free Martin, St. File for a tax extension free Mary, St. File for a tax extension free Tammany, Tangipahoa, Terrebonne, Vermilion, Washington, West Baton Rouge y West Feliciana. File for a tax extension free Mississippi. File for a tax extension free   Los condados de Adams, Amite, Attala, Choctaw, Claiborne, Clarke, Copiah, Covington, Forrest, Franklin, George, Greene, Hancock, Harrison, Hinds, Holmes, Humphreys, Jackson, Jasper, Jefferson, Jefferson Davis, Jones, Kemper, Lamar, Lauderdale, Lawrence, Leake, Lincoln, Lowndes, Madison, Marion, Neshoba, Newton, Noxubee, Oktibbeha, Pearl River, Perry, Pike, Rankin, Scott, Simpson, Smith, Stone, Walthall, Warren, Wayne, Wilkinson, Winston y Yazoo. File for a tax extension free Zona de Desastre del Huracán Rita (Zona de Desastre de Rita con Cobertura) La zona de desastre del huracán Rita (también designada por el IRS como la zona de desastre de Rita con cobertura) abarca aquella que el Presidente declaró desastre mayor antes del 6 de octubre del 2005 debido al huracán Rita. File for a tax extension free La zona de desastre del huracán Rita con cobertura incluye los estados de Louisiana y Texas en su totalidad. File for a tax extension free Zona GO de Rita La Zona GO de Rita abarca la parte de la zona del huracán Rita que FEMA determinó ser elegible para recibir asistencia individual por sí sola o para recibir ambas asistencia pública e individual del gobierno federal. File for a tax extension free La Zona GO de Rita incluye las siguientes áreas en dos estados: Louisiana. File for a tax extension free   Las parroquias de Acadia, Allen, Ascension, Beauregard, Calcasieu, Cameron, Evangeline, Iberia, Jefferson, Jefferson Davis, Lafayette, Lafourche, Livingston, Plaquemines, Sabine, St. File for a tax extension free Landry, St. File for a tax extension free Martin, St. File for a tax extension free Mary, St. File for a tax extension free Tammany, Terrebonne, Vermilion, Vernon y West Baton Rouge. File for a tax extension free Texas. File for a tax extension free   Los condados de Angelina, Brazoria, Chambers, Fort Bend, Galveston, Hardin, Harris, Jasper, Jefferson, Liberty, Montgomery, Nacogdoches, Newton, Orange, Polk, Sabine, San Augustine, San Jacinto, Shelby, Trinity, Tyler y Walker. File for a tax extension free Zona de Desastre del Huracán Wilma La zona de desastre del huracán Wilma abarca aquella zona que el Presidente declaró como desastre mayor antes del 14 de noviembre del 2005 debido al huracán Wilma. File for a tax extension free La zona de desastre del huracán Wilma abarca el estado de Florida en su totalidad. File for a tax extension free Zona de Desastre del Huracán Wilma con Cobertura Una parte de la zona de desastre del huracán Wilma ha sido designada por el IRS como zona de desastre de Wilma con cobertura. File for a tax extension free La zona de desastre del huracán Wilma con cobertura incluye los siguientes condados: Florida. File for a tax extension free   Brevard, Broward, Charlotte, Collier, DeSoto, Glades, Hardee, Hendry, Highlands, Indian River, Lee, Martin, Miami-Dade, Monroe, Okeechobee, Osceola, Palm Beach, Polk, St. File for a tax extension free Lucie y Sarasota. File for a tax extension free Zona GO de Wilma La Zona GO de Wilma abarca la parte de la zona del huracán Wilma que FEMA determinó ser elegible para recibir asistencia individual por sí sola o para recibir ambas asistencia pública e individual del gobierno federal. File for a tax extension free La Zona GO de Wilma incluye los siguientes condados: Florida. File for a tax extension free   Brevard, Broward, Collier, Glades, Hendry, Indian River, Lee, Martin, Miami-Dade, Monroe, Okeechobee, Palm Beach y St. File for a tax extension free Lucie. File for a tax extension free Prórrogas de las Fechas de Vencimiento Tributarias El IRS ha extendido las fechas de vencimiento aplicables para presentar la declaración de impuestos, el pago de impuestos y para efectuar ciertos trámites que tengan fecha de vencimiento hasta el 28 de febrero del 2006, en el caso de contribuyentes que se vieron afectados por los huracanes Katrina, Rita o Wilma. File for a tax extension free La prórroga es aplicable a fechas de vencimiento (fechas de vencimiento originales o prorrogadas) que ocurren durante los períodos siguientes: Después del 28 de agosto del 2005 (23 de agosto del 2005 para los contribuyentes afectados en Florida) y antes del 28 de febrero del 2006 para contribuyentes afectados por el huracán Katrina. File for a tax extension free Después del 22 de septiembre del 2005 y antes del 28 de febrero del 2006 para los contribuyentes afectados por el huracán Rita. File for a tax extension free Después del 22 de octubre del 2005 y antes del 28 de febrero del 2006 para los contribuyentes afectados por el huracán Wilma. File for a tax extension free Contribuyentes afectados. File for a tax extension free   Los contribuyentes afectados elegibles para obtener una prórroga son los siguientes: Cualquier persona cuyo hogar principal está ubicado en una zona de desastre con cobertura. File for a tax extension free Cualquier entidad comercial o empresario(a) por cuenta propia cuyo lugar principal de trabajo se encuentra en una zona de desastre con cobertura. File for a tax extension free Cualquier individuo, entidad comercial o empresario(a) por cuenta propia cuya documentación o registros necesarios para cumplir una determinada fecha de vencimiento prorrogada se encuentran en una zona de desastre con cobertura o cuyo(a) preparador(a) de impuestos tiene su oficina en dicha zona. File for a tax extension free El hogar principal o lugar principal de trabajo no necesariamente tiene que estar ubicado en la zona con cobertura. File for a tax extension free Cualquier persona que haya visitado un condado o parroquia en la zona de desastre con cobertura del huracán Katrina o Rita que haya sufrido lesiones o haya perecido (y el caudal hereditario de una persona que haya perecido) como consecuencia del huracán o sus daños posteriores. File for a tax extension free Cualquier herencia o fideicomiso cuyos registros necesarios para cumplir con una fecha de vencimiento de presentación o pago se encuentran en una zona de desastre con cobertura. File for a tax extension free Por lo general, cualquier persona que haya trabajado en las actividades de socorro dentro de una zona de desastre con cobertura. File for a tax extension free Sin embargo, un(a) empleado(a) que realiza tareas de socorro en la zona de desastre de Wilma no es considerado(a) un(a) contribuyente afectado(a), a menos que él o ella esté afiliado(a) con un organismo gubernamental o filantrópico reconocido dedicado a ayudar en dichas actividades de socorro. File for a tax extension free El o la cónyuge de un(a) contribuyente afectado(a), únicamente en lo que respecta a una declaración conjunta de impuestos. File for a tax extension free   A fin de asegurar un procesamiento correcto de la documentación, los contribuyentes afectados deben escribir la designación del desastre pertinente con tinta roja en la parte superior de cualesquier formas o documentos que presenten ante el IRS (por ejemplo: “Hurricane Katrina” (Huracán Katrina)). File for a tax extension free Los contribuyentes afectados también pueden identificarse ante el personal del IRS o hacer preguntas relacionadas con el huracán llamando a la línea especial de emergencia en caso de desastres del IRS: 1-866-562-5227. File for a tax extension free Actos prorrogados. File for a tax extension free   Se han prorrogado las fechas de vencimiento para llevar a cabo lo siguiente: Presentación de declaraciones de impuestos sobre el ingreso, herencias, donaciones, traspasos entre generaciones, impuesto sobre artículos de uso y consumo o impuesto sobre la nómina. File for a tax extension free Pago de cualquier impuesto sobre el ingreso, herencias, donaciones, traspasos entre generaciones, impuesto sobre artículos de uso y consumo o impuesto sobre la nómina. File for a tax extension free Esto también incluye el pago de impuestos estimados. File for a tax extension free Hacer ciertas aportaciones, distribuciones, contribuciones a las que se les ha dado un carácter diferente al que tenían o la reinversión que se hace a, o desde, un plan de jubilación calificado. File for a tax extension free Presentar ciertas peticiones ante el Tribunal Tributario. File for a tax extension free Presentar una reclamación de crédito o reembolso por cualquier impuesto. File for a tax extension free Entablar una demanda sobre alguna reclamación de crédito o reembolso. File for a tax extension free Ciertos otros actos que se describen en el Revenue Procedure 2005-27 (Procedimientos de Impuestos Internos 2005-27). File for a tax extension free Puede encontrar estos procedimientos en la página 1050 del Internal Revenue Bulletin 2005-20 (Boletín de Impuestos Internos 2005-20) en www. File for a tax extension free irs. File for a tax extension free gov/pub/irs-irbs/irb05-20. File for a tax extension free pdf. File for a tax extension free Condonación de interés y multas. File for a tax extension free   El IRS pudiera condonar el interés y las multas sobre cualquier impuesto sobre el ingreso, herencia, donaciones, nómina o artículos de uso y consumo que no se ha pagado en su totalidad durante el plazo de una prórroga. File for a tax extension free Incentivos por Contribuciones Caritativas Suspensión Temporal de los Límites sobre las Contribuciones Caritativas Individuos. File for a tax extension free   Las contribuciones calificadas no están sujetas al límite general sobre deducciones detalladas o al límite del 50% del ingreso bruto ajustado (conocido por sus siglas en inglés, AGI). File for a tax extension free Una contribución calificada es una contribución caritativa que se ha pagado en efectivo o con cheque después del 27 de agosto del 2005 y antes del 1 de enero del 2006, a una organización con un límite del 50% (fuera de ciertas fundaciones privadas que se describen en la sección 509(a)(3)) si usted opta por dejar que el límite del 50% no sea aplicable a estas contribuciones. File for a tax extension free   Su deducción por contribuciones calificadas está limitada a su ingreso bruto ajustado (AGI) menos su deducción por las demás aportaciones caritativas. File for a tax extension free Puede traspasar al año siguiente cualquier contribución que no haya podido deducir en el 2005 debido a este límite. File for a tax extension free En el año 2006, use la cantidad traspasada de sus contribuciones calificadas que no haya usado como traspaso de contribuciones sujetas al límite del 50%. File for a tax extension free Excepción. File for a tax extension free   Las contribuciones calificadas no incluyen a una contribución hecha a un fondo o cuenta separados para el(la) cual usted (o cualquier persona a quien usted nombre o designe) tenga o espere tener privilegios de asesoría relacionados con las distribuciones o inversiones basadas en su contribución. File for a tax extension free Sociedades anónimas. File for a tax extension free   Una sociedad anónima puede elegir deducir contribuciones calificadas en efectivo independientemente del límite del 10% sobre el ingreso tributable, si las contribuciones se efectuaron después del 27 de agosto del 2005 pero antes del 1 de enero del 2006 a una organización caritativa calificada (sin incluir ciertas fundaciones privadas que se describen en la sección 509(a)(3)), para ayudar en las tareas de socorro del huracán Katrina, Rita o Wilma. File for a tax extension free La deducción de la sociedad anónima por estas contribuciones calificadas se limita al 100% del ingreso tributable (tal como se modificó para el límite del 10%) menos la deducción de dicha sociedad anónima por el resto de sus contribuciones caritativas. File for a tax extension free Cualquier contribución calificada que sobrepase ese límite podrá traspasarse a los próximos 5 años, sujeta al límite del 10%. File for a tax extension free Socios colectivos y accionistas. File for a tax extension free   Cada socio(a) de una sociedad colectiva y cada accionista de una sociedad anónima de tipo "S" elige por separado no aplicar el límite correspondiente. File for a tax extension free Más información. File for a tax extension free   Para obtener mayor información, vea la Publicación 526, Charitable Contributions (Contribuciones Caritativas) o la Publicación 542, Corporations (Sociedades Anónimas), ambas en inglés. File for a tax extension free La Publicación 526 incluye una hoja de trabajo que puede utilizar para determinar su deducción si es que hay algún límite que sea aplicable a sus contribuciones caritativas. File for a tax extension free Tasa Estándar por Milla para el Uso de Vehículos para Fines Caritativos A continuación se indican las tasas estándar por milla especiales que entraron en vigencia en el 2005 y 2006 para cubrir el costo del uso de su automóvil con fines caritativos que estén únicamente relacionados con el huracán Katrina. File for a tax extension free 29 centavos por milla durante el período del 25 al 31 de agosto del 2005. File for a tax extension free 34 centavos por milla durante el período del 1 de septiembre al 31 de diciembre del 2005. File for a tax extension free 32 centavos por milla durante el período del 1 de enero al 31 de diciembre del 2006. File for a tax extension free Reembolsos de Millas a Voluntarios que Prestaron Servicios con Fines Caritativos Usted puede excluir de su ingreso cantidades de dinero que reciba como reembolso de millas por usar un automóvil de pasajeros privado a fin de beneficiar a una organización caritativa calificada que proporciona servicios de socorro relacionados con el huracán Katrina durante el período del 25 de agosto del 2005 al 31 de diciembre del 2006. File for a tax extension free No puede reclamar una deducción o crédito por cantidades que reciba como reembolso de millas recorridas. File for a tax extension free Usted debe mantener documentadas las millas recorridas, la hora, el lugar (o uso) y propósito del uso de esas millas. File for a tax extension free La cantidad que puede excluir del ingreso no puede ser mayor a la tasa estándar por milla para fines laborales (que se muestra a continuación) por gastos en los que incurrió durante los siguientes períodos: 40. File for a tax extension free 5 centavos por milla para el período del 25 al 31 de agosto del 2005. File for a tax extension free 48. File for a tax extension free 5 centavos por milla para el período del 1 de septiembre al 31 de diciembre del 2005. File for a tax extension free 44. File for a tax extension free 5 centavos por milla para el período del 1 de enero al 31 de diciembre del 2006. File for a tax extension free Deducción Caritativa por Contribuciones de Inventario de Alimentos Cualquier contribuyente que trabaje en un oficio o negocio que es elegible para reclamar una deducción por la contribución de un inventario de “alimentos evidentemente nutritivos” a una organización caritativa calificada descrita en la sección 501(c)(3) (a excepción de fundaciones privadas de carácter no operacional) después del 27 de agosto del 2005 y antes del 1 de enero del 2006. File for a tax extension free Los “alimentos evidentemente nutritivos” son aquellos que reúnen las normas de calidad y contenido de etiquetas que imponen las leyes y reglamentos federales, estatales y locales, aunque es posible que los alimentos no estén listos para la comercialización debido a su apariencia, punto de maduración, frescura, categoría, tamaño, excedente u otras condiciones. File for a tax extension free La deducción es equivalente al menor de uno de los siguientes: La base de los alimentos donados, más la mitad de la ganancia que se hubiera obtenido si dichos alimentos se hubieran vendido al valor normal en el mercado en la fecha de donación o Dos veces la base de los alimentos donados. File for a tax extension free El(La) contribuyente debe recibir una certificación de parte del donatario que establezca lo siguiente: Que los alimentos donados se relacionan con la finalidad o la función de la base para exención del donatario conforme a la sección 501(c)(3) y han de usarse únicamente para fines de cuidado de personas enfermas, necesitadas o niños de corta edad y Que los alimentos no se proporcionaron a cambio de dinero, de otra propiedad o servicios algunos. File for a tax extension free En el caso de un(a) contribuyente que no sea una sociedad anónima de tipo "C", la deducción se limita al 10% del ingreso total neto del(la) contribuyente de todas las actividades comerciales o empresariales de las cuales se efectuaron las contribuciones (calculada sin considerar la deducción por contribuciones caritativas). File for a tax extension free Por ejemplo, si un(a) contribuyente es un(a) empresario(a) por cuenta propia, un(a) accionista de una sociedad anónima de tipo "S" y además es socio(a) de una sociedad colectiva y cada una de estas entidades efectuó una contribución de inventario de alimentos evidentemente nutritivos, la deducción del(la) contribuyente está limitada al 10% del ingreso total neto de su empresa por cuenta propia, sociedad anónima de tipo "S" y sociedad colectiva (calculada sin considerar la deducción por contribuciones caritativas). File for a tax extension free Deducción Caritativa por Contribuciones de Inventarios de Libros a Escuelas Públicas A una sociedad anónima (que no sea una sociedad anónima de tipo "S") se le pudiera permitir tomar una deducción caritativa por alguna contribución calificada de libros que haya efectuado después del 27 de agosto del 2005 y antes del 1 de enero del 2006 a una escuela pública que: Imparte una educación primaria o secundaria (kinder hasta el grado número 12, inclusive) y Normalmente mantiene un profesorado docente y un programa de estudios normal y cuenta con estudiantes que asisten al lugar donde las actividades educativas se realizan de manera habitual. File for a tax extension free La deducción es equivalente al menor de una de las siguientes: La base de los libros donados, más la mitad de la ganancia que se hubiera realizado si dichos libros donados se hubieran vendido al valor normal en el mercado en la fecha de donación o Dos veces la base de los libros donados. File for a tax extension free La sociedad anónima debe recibir certificación por escrito de la escuela que establezca que los libros donados son adecuados para los programas educativos que imparte la institución y que se utilizarán para esos programas. File for a tax extension free Pérdidas por Hechos Fortuitos y Robos Los siguientes párrafos explican los cambios realizados a las pérdidas por hechos fortuitos y robos ocasionadas por el huracán Katrina, Rita o Wilma. File for a tax extension free Para mayor información, vea la Publicación 547(SP), en español. File for a tax extension free Límites sobre las pérdidas personales por hechos fortuitos o robos ocasionadas por el huracán Katrina, Rita o Wilma. File for a tax extension free   Las siguientes pérdidas de bienes de uso personal no están sujetas a los límites del 100% o del 10% del ingreso bruto ajustado: Las pérdidas que surgieron en la zona de desastre del huracán Katrina después del 24 de agosto del 2005 y que fueron causadas por el huracán Katrina. File for a tax extension free Las pérdidas que surgieron en la zona de desastre del huracán Rita después del 22 de septiembre del 2005 y que fueron causadas por el huracán Rita. File for a tax extension free Las pérdidas que surgieron en la zona de desastre del huracán Wilma después del 22 de octubre del 2005 y que fueron causadas por el huracán Wilma. File for a tax extension free Las pérdidas calificadas incluyen aquellas por inundaciones u otros hechos fortuitos y por robo que se hayan originado en la zona de desastre del huracán y que fueron provocadas por éste. File for a tax extension free Instrucciones especiales para personas que eligen reclamar una pérdida por hechos fortuitos o robos a causa del huracán Katrina, Rita o Wilma para el 2004. File for a tax extension free   Las pérdidas por hechos fortuitos y robos por lo general se deducen sólo en el año en el cual el hecho fortuito ocurrió o se descubrió el robo. File for a tax extension free Sin embargo, los huracanes Katrina, Rita y Wilma son desastres declarados por el Presidente. File for a tax extension free Por lo tanto, en su declaración de impuestos del año anterior, puede elegir deducir las pérdidas que sufrió debido a estos huracanes. File for a tax extension free Si decide hacerlo, utilice las instrucciones siguientes para llenar sus formas. File for a tax extension free   Las personas que presentan o enmiendan su declaración de impuestos del 2004 cuyas únicas pérdidas por hecho fortuito o robo de sus bienes personales que incluyeron en esa declaración fueron ocasionadas por el huracán Katrina, Rita o Wilma deben anotar lo siguiente en la parte superior de la Forma 1040 ó 1040X: “Hurricane Katrina”, “Hurricane Rita” o “Hurricane Wilma”. File for a tax extension free También han de completar y adjuntar la Forma 4684, en inglés y escribir “Hurricane Katrina”, “Hurricane Rita” o “Hurricane Wilma” en la línea de puntos junto a la línea 11 y anote -0- en las líneas 11 y 17. File for a tax extension free   Las personas que presentan o enmiendan su declaración de impuestos del 2004 y que también hayan sufrido una pérdida de sus bienes personales por hecho fortuito o robo no relacionada con los huracanes Katrina, Rita o Wilma, no deben tomar en cuenta la precaución para otros contribuyentes que aparece por encima de la línea 13, la cual estipula que se use una sola Forma 4684, sino que deben completar las líneas de la 13 a la 18 en dos Formas 4684, en inglés. File for a tax extension free La Forma 1040 ó 1040X y la primera Forma 4684 deben prepararse como se explica anteriormente sólo para pérdidas provocadas por el huracán Katrina, Rita o Wilma. File for a tax extension free La segunda Forma 4684 debe ser preparada de la manera acostumbrada para todas las ganancias y para aquellas pérdidas que no sean relacionadas con el huracán Katrina, Rita o Wilma. File for a tax extension free Si ambas Formas 4684 muestran una pérdida en la línea 18, deben incorporar las pérdidas combinadas de esa línea en la línea 19 del Anexo A (Forma 1040). File for a tax extension free Si en la segunda Forma 4684 hay alguna ganancia en la línea 15, no tome en cuenta las instrucciones de anotar dicha ganancia en el Anexo D (Forma 1040) sino que anote en la línea 19 del Anexo A (Forma 1040) el excedente de la pérdida de la primera Forma 4684 sobre la ganancia proveniente de la línea 15 de la segunda Forma 4684. File for a tax extension free Plazo para hacer la elección. File for a tax extension free   Usted debe hacer la elección de reclamar su pérdida por hecho fortuito o robo en el 2004, en la fecha más tardía de entre las siguientes: La fecha de vencimiento (sin prórrogas) para presentar su declaración de impuestos sobre el ingreso del 2005. File for a tax extension free La fecha de vencimiento (con prórrogas) para presentar su declaración de impuestos sobre el ingreso del 2004. File for a tax extension free Ejemplo 1. File for a tax extension free Ejemplo. File for a tax extension free Si usted es un(a) contribuyente de año calendario, tiene hasta el 17 de abril del 2006 para enmendar su declaración de impuestos del 2004, si desea reclamar una pérdida por hechos fortuitos o robo que haya ocurrido durante el 2005. File for a tax extension free Período de Reposición para que las Ganancias no sean Reconocidas Por lo general, una conversión involuntaria ocurre cuando los bienes han sido dañados, destruidos, robados, incautados (confiscados), requisados o expropiados (condenados) y usted recibe otros bienes o dinero en pago, como por ejemplo, una indemnización que recibió del seguro o una indemnización por expropiación (condenación). File for a tax extension free Por lo general, no es necesario que declare una ganancia (si la existe) si reemplaza la propiedad dentro de 2 años (4 años en el caso de un hogar principal ubicado en una zona de desastre declarada por el Presidente). File for a tax extension free Sin embargo, si los bienes fueron convertidos involuntariamente después del 24 de agosto del 2005 debido al huracán Katrina, se aplicará un plazo de reposición de 5 años si la mayor parte del uso de los bienes de reposición se encuentra en la zona de desastre del huracán Katrina. File for a tax extension free Para obtener mayor información, vea las Instrucciones para la Forma 4684, en inglés. File for a tax extension free Pérdidas Netas de Operación Pérdida calificada en una Zona GO. File for a tax extension free   Por lo general, usted puede traspasar una pérdida neta de operación (conocida por sus siglas en inglés, NOL) a los 2 años tributarios anteriores al año de dicha NOL. File for a tax extension free Sin embargo, la porción de una NOL que es una pérdida calificada de la Zona GO puede traspasarse a los 5 años tributarios anteriores al año de dicha NOL. File for a tax extension free Asimismo, el límite del 90% sobre la deducción por el impuesto alternativo del NOL (conocido por sus siglas en inglés, ATNOLD) no aplica a dicha porción de ATNOLD. File for a tax extension free   Una pérdida calificada de la Zona GO es la menor de una de las siguientes: La pérdida neta de operación (NOL) en exceso de ese año sobre una pérdida de responsabilidad específica de ese año a la cual aplica un traspaso de 10 años. File for a tax extension free El total de las siguientes deducciones (hasta el punto en que se tomen en consideración al calcular la NOL para ese año tributario): Pérdida calificada por hechos fortuitos de la Zona GO (según se define a continuación), Los gastos de mudanza que se hayan pagado o en los que haya incurrido después del 27 de agosto del 2005 y antes del 1 de enero del 2008, por emplear a una persona cuyo hogar principal se encontraba ubicado en la Zona GO antes del 28 de agosto del 2005 y que no pudo permanecer en esa vivienda a causa del huracán Katrina y cuya ubicación laboral principal (después de esa mudanza) se encuentra en la Zona GO, Gastos temporales de vivienda que haya pagado o en los que haya incurrido después del 27 de agosto del 2005 y antes del 1 de enero del 2008, para albergar a empleados del(la) contribuyente cuya ubicación laboral principal se encontraba en la Zona GO, La depreciación o amortización permisible para cualquier propiedad de la Zona GO por el año en que fue puesta en servicio (aún si decidió no reclamar el descuento por depreciación especial de la Zona GO para dicha propiedad en esa zona) y Gastos de reparación (incluyendo aquellos para la remoción de escombros) que haya pagado o en los que haya incurrido después del 27 de agosto del 2005 y antes del 1 de enero del 2008 por cualquier daño que haya causado el huracán Katrina a la propiedad ubicada en la Zona GO. File for a tax extension free Pérdida por hechos fortuitos calificada en una Zona GO. File for a tax extension free   Una pérdida por hechos fortuitos calificada por hechos fortuitos en la Zona GO es cualquier pérdida de propiedad deducible bajo la sección 1231 que se encuentra ubicada en la Zona GO si dicha pérdida fue ocasionada por el huracán Katrina. File for a tax extension free Para estos fines, la cantidad de la pérdida se reduce a partir de cualquier ganancia reconocida de una conversión involuntaria de propiedad ubicada en la Zona GO a causa del huracán Katrina. File for a tax extension free Esa pérdida que se consideró al calcular su pérdida calificada para la Zona GO no reúne las condiciones necesarias para la opción de ser considerada pérdida ocurrida durante el año tributario previo. File for a tax extension free Traspaso a 5 años de NOL por ciertas pérdidas en actividades madereras. File for a tax extension free   Por lo general, usted puede traspasar una parte de una pérdida neta de operación (NOL) debida al ingreso y a las deducciones atribuibles a una actividad agrícola a los 5 años tributarios anteriores al año de dicha pérdida. File for a tax extension free Usted puede tratar el ingreso y las deducciones atribuibles a propiedad maderera calificada como atribuibles a una empresa agrícola si cualquier parte de la propiedad se encuentra ubicada en la Zona GO, la Zona GO Rita o la Zona GO Wilma y el ingreso y deducciones son asignables a la parte de su año tributario posterior a la fecha siguiente que corresponda: El 27 de agosto del 2005 si cualquier parte de la propiedad se encuentra ubicada en la Zona GO. File for a tax extension free El 22 de septiembre del 2005 si cualquier parte de la propiedad se encuentra ubicada en la Zona GO de Rita (pero no en la Zona GO). File for a tax extension free El 22 de octubre del 2005 si cualquier parte de la propiedad se encuentra ubicada en la Zona GO de Wilma (pero no en la Zona GO o en la Zona GO de Rita). File for a tax extension free   Estas reglas no serán aplicables después del 2006. File for a tax extension free   Sin embargo, estas reglas sólo serán aplicables a un productor maderero que cumpla con lo siguiente: Tiene propiedad de producción maderera calificada (según se define en la Publicación 535, Business Expenses (Gastos de Negocio), en inglés) en la fecha correspondiente a continuación: El 28 de agosto del 2005 si cualquier parte de la propiedad se encuentra ubicada en la Zona GO, El 23 de septiembre del 2005 si cualquier parte de la propiedad se encuentra ubicada en la Zona GO de Rita (pero no en la Zona GO) o El 23 de octubre del 2005 si cualquier parte de la propiedad se encuentra ubicada en la Zona GO de Wilma (pero no en la Zona GO o en la Zona GO de Rita); No sea una sociedad anónima con transacción pública de acciones en un mercado de valores establecido; No sea un fideicomiso para la inversión en bienes inmuebles; No sea dueño(a) de más de 500 acres de propiedad de actividad maderera calificada en las fechas anteriores que correspondan. File for a tax extension free Más información. File for a tax extension free   Para obtener mayor información sobre las pérdidas netas de operación, vea la Publicación 536, Net Operating Losses (Pérdidas Netas de Operación) o la Publicación 542, Corporations (Sociedades Anónimas), ambas en inglés. File for a tax extension free Las Cuentas IRA y Otros Planes de Jubilación Nuevas reglas permiten retiros de dinero favorecidos por los impuestos, pagos de reintegro y préstamos de ciertos planes de jubilación para aquellos contribuyentes que sufrieron pérdidas económicas como consecuencia del huracán Katrina, Rita o Wilma. File for a tax extension free Definiciones Distribución calificada por motivos del huracán. File for a tax extension free   La distribución calificada por motivos de un huracán es cualquier distribución que haya recibido de un plan si lo siguiente es aplicable: La distribución se efectuó en las siguientes fechas: Después del 24 de agosto del 2005 y antes del 1 de enero del 2007 en el caso del huracán Katrina; Después del 22 de septiembre del 2005 y antes del 1 de enero del 2007 en el caso del huracán Rita o Después del 22 de octubre del 2005 y antes del 1 de enero del 2007 en el caso del huracán Wilma. File for a tax extension free Su hogar principal se encontraba ubicado en una zona de desastre del huracán que aparece a continuación en la fecha determinada como se indica: El 28 de agosto del 2005 para la zona de desastre del huracán Katrina. File for a tax extension free El 23 de septiembre del 2005 para la zona de desastre del huracán Rita. File for a tax extension free El 23 de octubre del 2005 para la zona de desastre del huracán Wilma. File for a tax extension free Usted sostuvo una pérdida económica debido al huracán Katrina, Rita o Wilma y su hogar principal se encontraba en esa zona de desastre en la fecha indicada en la sección 2) anterior. File for a tax extension free Algunos ejemplos de pérdida económica incluyen, pero no se limita a: La pérdida, el daño o la destrucción de bienes inmuebles o personales debido a un incendio, inundación, saqueo, vandalismo, robo, viento u otras causas; La pérdida por haber quedado desamparado(a) (sin hogar) o La pérdida de medios de manutención (sostenimiento) propia debido a desempleo temporal o despidos permanentes. File for a tax extension free   Si son aplicables las secciones de la 1) a la 3), por lo general, usted puede designar cualquier distribución (incluyendo los pagos periódicos y distribuciones mínimas requeridas) de un plan de jubilación elegible, independientemente de si esa distribución se efectuó a cuenta del huracán Katrina, Rita o Wilma. File for a tax extension free Las distribuciones calificadas del huracán son permitidas sin tomar en cuenta la necesidad o cantidad real de su pérdida económica. File for a tax extension free   El total de sus distribuciones calificadas de todos los planes está limitada a $100,000. File for a tax extension free Si tiene distribuciones que superan los $100,000 a través de más de una clase de plan, como por ejemplo, un plan 401(k) y una cuenta IRA, usted puede asignar el límite de $100,000 entre esos planes según prefiera. File for a tax extension free   Una reducción o compensación del balance de su cuenta (después del 24 de agosto del 2005 en el caso de Katrina; después del 22 de septiembre del 2005 en el caso de Rita; o después del 22 de octubre del 2005 para Wilma) en un plan de jubilación elegible para poder pagar un préstamo también puede designarse como distribución calificada por motivos del huracán. File for a tax extension free Plan de jubilación elegible. File for a tax extension free   Un plan de jubilación elegible puede ser cualquiera de los siguientes: Un plan calificado de pensión, de participación en las ganancias o de participación (bonificación) en acciones (incluyendo un plan 401(k)). File for a tax extension free Un plan de anualidad calificado. File for a tax extension free Un contrato de anualidad con abrigo tributario. File for a tax extension free Un plan de compensación diferida gubernamental bajo la sección 457. File for a tax extension free Una cuenta IRA de tipo SEP, SIMPLE o Roth. File for a tax extension free Hogar principal. File for a tax extension free   Por lo general, su hogar principal es el lugar donde usted vive la mayor parte del tiempo. File for a tax extension free Una ausencia temporal debido a circunstancias especiales, tales como una enfermedad, educación, negocios, servicio militar, evacuación o vacaciones no cambiará su lugar principal de residencia u hogar principal. File for a tax extension free Tributación de Distribuciones Calificadas por Motivos de un Huracán Las distribuciones calificadas por motivo de un huracán se incluyen en el ingreso en cantidades iguales durante un período de tres años. File for a tax extension free Sin embargo, si así lo elige, puede incluir el total de la distribución en su ingreso para el año en que la recibió. File for a tax extension free Las distribuciones calificadas por motivos del huracán no están sujetas al impuesto del 10% adicional (o el impuesto del 25% adicional en el caso de ciertas distribuciones de una cuenta SIMPLE IRA) sobre distribuciones tempranas provenientes de planes de jubilación calificados (incluyendo a cuentas IRA). File for a tax extension free Sin embargo, cualquier distribución que usted reciba en exceso del límite de distribución calificado de $100,000 por motivos de un huracán puede estar sujeta al impuesto adicional sobre las distribuciones tempranas. File for a tax extension free Para obtener más información, vea la Forma 8915, Qualified Hurricane Retirement Plan Distributions and Repayments (Distribuciones y Devoluciones (Reintegros) de Pagos Calificados de Planes de Jubilación a Causa de un Huracán), en inglés. File for a tax extension free Reintegro de Distribuciones Calificadas por Motivos de un Huracán Si así lo escoge, por lo general, puede reintegrar cualquier porción de una distribución calificada hecha como consecuencia de un huracán que es elegible para ser reinvertida libre de impuestos en un plan de jubilación elegible. File for a tax extension free Asimismo, también puede reintegrar una distribución calificada por motivo de un huracán proveniente de un plan de jubilación que se haya efectuado a causa de una situación grave (infortunio). File for a tax extension free Sin embargo, para averiguar más sobre las distribuciones calificadas hechas como consecuencia de un huracán que no puede reintegrar, vea, Excepciones, a continuación. File for a tax extension free Usted tiene tres años a partir del día siguiente a la fecha en que recibió la distribución para reintegrarla. File for a tax extension free Las cantidades que usted reintegra se consideran una reinversión calificada y no se incluyen en su ingreso. File for a tax extension free Del mismo modo, para propósitos de la limitación de realizar una sola reinversión por año que tienen las cuentas IRA, un reintegro a una cuenta IRA no se considera una reinversión calificada. File for a tax extension free Para obtener mayor información sobre cómo declarar los reintegros, vea la Forma 8915, en inglés. File for a tax extension free Excepciones. File for a tax extension free   Usted no puede reintegrar los siguientes tipos de distribuciones: Distribuciones calificadas debido al huracán que haya recibido como beneficiario(a) (que no sea un(a) cónyuge sobreviviente). File for a tax extension free Distribuciones mínimas requeridas. File for a tax extension free Pagos periódicos (que no sean de aquellos de una cuenta IRA) que son para: Un período de 10 años o más, Su vida o su expectativa de vida o El período de vida conjunta o expectativas de vida conjunta para usted y su beneficiario(a). File for a tax extension free Reintegro de Distribuciones Calificadas por la Compra o Construcción de un Hogar Principal Si recibe una distribución calificada para comprar o construir un hogar principal en la zona de desastre del huracán Katrina, Rita o Wilma, usted puede hacer los reintegros de esa distribución antes del 1 de marzo del 2006 a un plan de jubilación elegible después del 24 de agosto del 2005 (Katrina); después del 22 de septiembre del 2005 (Rita); o después del 22 de octubre del 2005 (Wilma). File for a tax extension free Para estos propósitos, un plan de jubilación elegible es aquel plan, anualidad o cuenta IRA en el cual se puede efectuar una reinversión. File for a tax extension free Para que una distribución sea calificada, ésta debe cumplir con los requisitos siguientes: La distribución es una distribución hecha como consecuencia de una situación grave (infortunio) de un plan 401(k), de un contrato de anualidad con abrigo tributario o la distribución de una cuenta IRA para una persona que por primera vez compra una vivienda. File for a tax extension free La distribución se recibió en el año 2005 después del 28 de febrero y antes de las siguientes fechas: El 29 de agosto en el caso del huracán Katrina. File for a tax extension free El 24 de septiembre en el caso del huracán Rita. File for a tax extension free El 24 de octubre en el caso del huracán Wilma. File for a tax extension free La distribución se iba a utilizar para comprar o construir un hogar principal en la zona de desastre del huracán Katrina, Rita o Wilma que no fue adquirido o construido debido a estos huracanes. File for a tax extension free Las cantidades que se reintegren antes del 1 de marzo del 2006 se considerarán reinversión calificada y no se incluirán en el ingreso. File for a tax extension free Del mismo modo, y para propósitos de la limitación de una sola reinversión por año que corresponde a las cuentas IRA, un reintegro a una cuenta IRA no se considerará reinversión calificada. File for a tax extension free Las distribuciones calificadas que no se reintegren antes del 1 de marzo del 2006 pueden estar sujetas a impuestos para el 2005 y al impuesto del 10% adicional sobre las distribuciones tempranas (o al impuesto del 25% adicional en el caso de ciertos planes de cuentas SIMPLE IRA). File for a tax extension free Usted debe presentar la Forma 8915, en inglés, si recibió alguna distribución calificada que haya reintegrado, en su totalidad o en parte, antes del 1 de marzo del 2006. File for a tax extension free Préstamos Provenientes de Planes Calificados Los siguientes beneficios se encuentran disponibles para personas calificadas: Aumentos a los límites de distribución que se tratan como préstamos de planes provistos por el(la) patrono(a) o empleador(a). File for a tax extension free Una suspensión de un año para pagos que vencen sobre préstamos a través de algún plan. File for a tax extension free Persona calificada. File for a tax extension free   Usted es una persona calificada si son aplicables cualesquiera de las siguientes condiciones: El 28 de agosto del 2005 su hogar principal se encontraba en la zona de desastre del huracán Katrina y tuvo una pérdida económica debido a este huracán. File for a tax extension free El 23 de septiembre del 2005 su hogar principal se encontraba en la zona de desastre del huracán Rita y tuvo una pérdida económica debido a este huracán. File for a tax extension free El 23 de octubre del 2005 su hogar principal se encontraba en la zona de desastre del huracán Wilma y tuvo una pérdida económica debido a este huracán. File for a tax extension free Ejemplos de pérdida económica incluyen, pero no se limitan a: La pérdida, daño o destrucción de bienes inmuebles o personales debido a un incendio, inundación, saqueo, vandalismo, robo, viento u otra causa; La pérdida por haber quedado desamparado(a) (sin hogar) o La pérdida de los medios de manutención (sostenimiento) debido a despidos temporales o permanentes. File for a tax extension free Límites sobre los préstamos de planes. File for a tax extension free   El límite de $50,000 para distribuciones que se consideran préstamos de un plan se ha aumentado a $100,000. File for a tax extension free Además, el límite basado en el 50% de sus beneficios acumulados protegidos se ha aumentado al 100% de dichos beneficios. File for a tax extension free Los límites más altos son únicamente aplicables a préstamos recibidos durante el siguiente período: Si su hogar principal estaba ubicado en la zona de desastre del huracán Katrina, el período comenzó el 24 de septiembre del 2005 y termina el 31 de diciembre del 2006. File for a tax extension free Si su hogar principal estaba ubicado en la zona de desastre del huracán Rita o Wilma, el período comenzó el 21 de diciembre del 2005 y termina el 31 de diciembre del 2006. File for a tax extension free Si usted es una persona calificada según las condiciones para el caso del huracán Katrina y según otro huracán, utilice el período basado en el huracán Katrina. File for a tax extension free Suspensión de un año de los pagos de préstamos. File for a tax extension free   El(La) administrador(a) de un plan puede suspender por un año los pagos de préstamos de aquel plan con vencimiento antes del 2007. File for a tax extension free Para calificar para esta suspensión, la fecha de vencimiento de cualquier pago de esos préstamos debe ocurrir durante el período que comienza: El 25 de agosto del 2005 si su hogar principal se encontraba ubicado en la zona de desastre del huracán Katrina. File for a tax extension free El 23 de septiembre del 2005 si su hogar principal se encontraba ubicado en la zona de desastre del huracán Rita. File for a tax extension free El 23 de octubre del 2005 si su hogar principal se encontraba ubicado en la zona de desastre del huracán Wilma. File for a tax extension free Si es una persona calificada por motivo de más de un huracán, utilice el período con la fecha de inicio más temprana. File for a tax extension free Alivio Tributario Adicional para Personas Físicas Crédito por Ingreso del Trabajo y Crédito Tributario por Hijos Usted puede elegir usar su ingreso del trabajo del 2004 para calcular su crédito por ingreso del trabajo (conocido por sus siglas en inglés, EIC) del 2005 y el crédito tributario adicional por hijos si cumple con lo siguiente: Su ingreso del trabajo del 2005 es menor a su ingreso del trabajo del 2004 y Por lo menos una de las siguientes aseveraciones es cierta: El 25 de agosto del 2005 su hogar principal se encontraba en la Zona de Oportunidad del Golfo (GO). File for a tax extension free El 25 de agosto del 2005 su hogar principal se encontraba en la zona de desastre del huracán Katrina y tuvo que abandonar esa vivienda a causa del huracán Katrina. File for a tax extension free El 23 de septiembre del 2005 su hogar principal se encontraba en la Zona GO de Rita. File for a tax extension free El 23 de septiembre del 2005 su hogar principal se encontraba en la zona de desastre del huracán Rita y tuvo que abandonar esa vivienda a causa del huracán Rita. File for a tax extension free El 23 de octubre del 2005 su hogar principal se encontraba en la Zona GO de Wilma. File for a tax extension free El 23 de octubre del 2005 su hogar principal se encontraba en la zona de desastre del huracán Wilma y usted tuvo que abandonar esa vivienda por causa del huracán Wilma. File for a tax extension free Ingreso del trabajo. File for a tax extension free   Para propósitos de esta elección, su ingreso del trabajo tanto para el EIC como para el crédito tributario adicional por hijos es la cantidad de ingreso del trabajo que se utiliza para calcular su EIC, aún si no reclamó el EIC y aun cuando esa cantidad sea distinta a su ingreso del trabajo para el crédito tributario adicional por hijos. File for a tax extension free Si está reclamando sólo el crédito tributario adicional por hijos, usted debe calcular la cantidad de su ingreso del trabajo para propósitos del EIC a fin de determinar si es elegible para hacer la elección y determinar la cantidad del crédito. File for a tax extension free Declaraciones conjuntas. File for a tax extension free   Si presenta una declaración de impuestos conjuntamente con su cónyuge, usted califica para hacer esta elección aún si sólo un(a) cónyuge satisface los requisitos. File for a tax extension free Si hace esta elección, su ingreso del trabajo del 2004 es la suma de su ingreso del trabajo y el de su cónyuge durante el 2004. File for a tax extension free Cómo hacer la elección. File for a tax extension free   Si decide usar su ingreso del trabajo del 2004, esta elección es aplicable para calcular su EIC y su crédito tributario adicional por hijos. File for a tax extension free Sin embargo, puede elegir este último crédito aún si no ha elegido reclamar el EIC. File for a tax extension free   Si elige usar su ingreso del trabajo del 2004, esto puede aumentar o disminuir su EIC. File for a tax extension free Siga los siguientes pasos para decidir si va a hacer esa elección o no: Calcule su EIC del 2005 utilizando su ingreso del trabajo del 2004. File for a tax extension free Calcule su crédito tributario adicional por hijos del 2005 utilizando su ingreso del trabajo del 2004 para propósitos del EIC. File for a tax extension free Sume los resultados de (1) y (2). File for a tax extension free Calcule su EIC del 2005 utilizando su ingreso del trabajo del 2005. File for a tax extension free Calcule su crédito tributario adicional por hijos utilizando su ingreso del trabajo del 2005 para propósitos del crédito tributario adicional por hijos. File for a tax extension free Sume los resultados de (4) y (5). File for a tax extension free Compare los resultados de los números (3) y (6). File for a tax extension free Si la cantidad de (3) es mayor que la de (6), será a beneficio suyo hacer esta elección. File for a tax extension free Si la cantidad de (3) es igual o menor que la de (6), no le ayudará hacer esta elección. File for a tax extension free   Si elige utilizar su ingreso del trabajo del 2004 y está reclamando el EIC, escriba “PYEI” y la cantidad de su ingreso del trabajo del 2004 sobre la línea de puntos junto a la línea 66a de la Forma 1040, en la línea directamente al lado de la línea 41a de la Forma 1040A o en el espacio a la izquierda de la línea 8a de la Forma 1040EZ. File for a tax extension free   Si elige utilizar su ingreso del trabajo del 2004 y está reclamando el crédito tributario adicional por hijos, anote su ingreso del trabajo del 2004 para fines del EIC (aún si no reclamó el EIC) en la línea 4a de la Forma 8812, Additional Child Tax Credit (Crédito Tributario Adicional por Hijos), en inglés y marque el encasillado correspondiente en esa línea. File for a tax extension free   Debido a que la Forma 8812 se publicó antes de que entrara en vigencia la legislación de la Zona GO, las instrucciones se refieren únicamente a personas cuyo hogar principal estaba en la zona de desastre del huracán Katrina. File for a tax extension free Cuando llene la línea 4a de la Forma 8812, utilice las reglas anteriores para poder determinar si es elegible para hacer esa elección (en lugar de las instrucciones de la Forma 8812). File for a tax extension free Cómo obtener la información de su declaración de impuestos para el 2004. File for a tax extension free   Si usted no tiene los registros de sus impuestos del 2004, puede obtener la cantidad de ingreso del trabajo que se usó para calcular su EIC del 2004 llamando al número 1-866-562-5227. File for a tax extension free También puede obtener esta información en el cibersitio del IRS en www. File for a tax extension free irs. File for a tax extension free gov. File for a tax extension free   Si prefiere calcular usted mismo(a) su ingreso del trabajo para el 2004, copias o apógrafos de sus declaraciones de impuestos presentadas y procesadas le pueden servir para reconstruir sus registros tributarios. File for a tax extension free Vea, Solicitud de Copia o Apógrafo de la Declaración de Impuestos, en la página 19. File for a tax extension free Exenciones Adicionales por la Provisión de Vivienda para Personas que Tuvieron que Abandonar sus Hogares por Causa del Huracán Katrina Es posible que pueda reclamar una exención adicional de $500 por cada persona desamparada a causa del huracán Katrina y que usted haya albergado en su hogar principal. File for a tax extension free Puede reclamar esta exención adicional en la nueva Forma 8914, Exemption Amount for Taxpayers Housing Individuals Displaced by Hurricane Katrina (Cantidad de la Exención para Contribuyentes dando Alojamiento a Personas Desplazadas por el Huracán Katrina), disponible en inglés. File for a tax extension free La cantidad de la exención adicional es permisible una vez por contribuyente en el caso de una persona determinada en el año 2005 ó 2006, pero no en ambos años. File for a tax extension free La cantidad de la exención adicional máxima que usted puede reclamar por todas las personas desamparadas es de $2,000 ($1,000 si es casado(a) que presenta por separado). File for a tax extension free La cantidad de la exención adicional que reclame por personas desamparadas en el 2005 reducirá el máximo de $2,000 para el 2006. File for a tax extension free Si dos o más contribuyentes viven en el mismo hogar, sólo uno(a) de ellos puede reclamar la exención adicional por una persona desamparada a quien haya albergado. File for a tax extension free Si es casado(a) que presenta por separado, sólo un(a) cónyuge puede pedir esa exención adicional por una persona determinada que haya sido desamparada. File for a tax extension free Para que a usted se le pueda considerar que proporcionó vivienda, tiene que tener un interés legal en el hogar principal (es decir, que usted sea el(la) dueño(a) o que alquile). File for a tax extension free Para calificar como una persona desamparada, la persona: Debe haber tenido su hogar principal en la zona de desastre del huracán Katrina el 28 de agosto del 2005 y debe haber quedado desamparado(a) (sin hogar). File for a tax extension free Si el hogar principal del individuo se encontraba fuera de la zona central del desastre, ese hogar debe haber sufrido daños por el huracán Katrina o la persona debe haber sido evacuada de esa vivienda debido al huracán Katrina, Se le debió haber provisto vivienda en su hogar principal durante un período de por lo menos 60 días consecutivos que concluya durante el año tributario para el cual se reclama la exención y No puede ser su cónyuge o dependiente. File for a tax extension free Usted no puede reclamar la exención adicional si recibe alquiler (u otra cantidad) de cualquier fuente por alojamiento. File for a tax extension free Se le permite recibir pagos o reembolsos que no estén relacionados con los costos normales de vivienda, entre ellos: Alimentos, ropa o artículos personales que consume o usa la persona desamparada. File for a tax extension free Reembolso por el costo de cualquier llamada de larga distancia que haya hecho la persona desamparada. File for a tax extension free Reembolso por el costo de la gasolina de su automóvil si la persona desamparada lo utilizó. File for a tax extension free Sin embargo, no puede reclamar la exención adicional si recibió un reembolso por los gastos adicionales de calefacción, electricidad o agua utilizada por esa persona desamparada. File for a tax extension free Asimismo, usted debe declarar en la Forma 8914, en inglés, el número de seguro social o número de identificación del contribuyente de la persona a quien usted dio alojamiento para poder reclamar una exención adicional. File for a tax extension free Para obtener más información, vea la Forma 8914, en inglés. File for a tax extension free Créditos Tributarios por Enseñanza Superior Los créditos por enseñanza superior se han ampliado para cualquier año tributario que comience en el 2005 ó 2006 en el caso de aquellos estudiantes que asisten a una institución educacional elegible ubicada en la Zona de Oportunidad del Golfo (estudiantes de GOZ). File for a tax extension free El crédito Hope para un(a) estudiante de GOZ se aumenta al 100% de los primeros $2,000 en gastos calificados de educación y al 50% de los $2,000 siguientes en gastos calificados de educación, para lograr un crédito máximo de $3,000 por estudiante. File for a tax extension free La tasa del crédito perpetuo (vitalicio) por aprendizaje en el caso de un(a) estudiante de GOZ se aumenta del 20% al 40%. File for a tax extension free También se ha ampliado la definición de gastos calificados de educación para un(a) estudiante de GOZ. File for a tax extension free Además de la matrícula y los cargos que se requieren para que el(la) estudiante se matricule o asista a una institución educacional elegible, los gastos educativos calificados para un(a) estudiante de GOZ incluirán lo siguiente: Libros, materiales y equipo requeridos para la matrícula o la asistencia a una institución educacional elegible. File for a tax extension free En el caso de un(a) estudiante con necesidades especiales, los gastos que sean necesarios para la matrícula o asistencia de la persona a una institución de educación elegible. File for a tax extension free Para un(a) estudiante que asiste por lo menos a tiempo parcial, los costos razonables de alojamiento y gastos relacionados, pero sólo en la medida en que los costos no excedan la cantidad mayor de las siguientes dos cantidades: La asignación para alojamiento y gastos relacionados de un(a) estudiante, según la determine la institución educacional elegible, que se incluyó en los costos de asistencia a clases (para propósitos de ayuda financiera federal) para un período académico determinado y los arreglos de alojamiento particulares del(la) estudiante. File for a tax extension free La cantidad real que se cobra si el(la) estudiante reside en un dormitorio propiedad de la institución educacional elegible o en un dormitorio administrado por dicha institución. File for a tax extension free Tendrá que comunicarse con la institución educacional elegible para saber cuáles son los costos calificados de alojamiento y gastos relacionados. File for a tax extension free Para obtener más información, vea la Forma 8863, Education Credits (Hope and Lifetime Learning Credits) (Créditos por Enseñanza Superior (Crédito Hope y Crédito Perpetuo (Vitalicio) por Aprendizaje)), en inglés. File for a tax extension free Recuperación del Subsidio Hipotecario Federal Por lo general, si usted financió su hogar a través de un programa de subsidio federal (préstamos de bonos hipotecarios calificados exentos de impuesto o préstamos con certificados de crédito hipotecario), es posible que tenga que recuperar todo o parte del beneficio que recibió de ese programa cuando venda o de otro modo se deshaga de su vivienda. File for a tax extension free Sin embargo, no tendrá que recuperar beneficio alguno si su préstamo hipotecario estaba calificado para mejoras del hogar no superiores a los $15,000. File for a tax extension free Esta cantidad se aumentará a $150,000 si el préstamo se otorgó antes del año 2011 y se usó para los siguientes fines: Reparaciones debidas a daños ocasionados por el huracán Katrina a una residencia dentro de la zona de desastre de dicho huracán o Cambios, reparaciones o mejoras a una residencia existente ocupada por su dueño(a) que se encuentra ubicada en la Zona GO, la Zona GO de Rita o la Zona GO de Wilma. File for a tax extension free Exclusión de Ciertas Cancelaciones de Endeudamiento por Motivos del Huracán Katrina Por lo general, el pago de deudas no empresariales realizado después del 24 de agosto del 2005 y antes del 1 de enero del 2007 (tales como las hipotecas), se excluyen del ingreso de aquellas personas cuyo hogar principal se encontraba ubicado en la zona de desastre del huracán Katrina el 25 de agosto del 2005. File for a tax extension free Si el hogar principal de la persona estaba fuera de la zona central del desastre, la persona también debe haber tenido pérdida económica a causa del huracán Katrina. File for a tax extension free Entre los ejemplos de pérdida económica se incluyen, pero no se limitan a: La pérdida, daño o destrucción de bienes inmuebles o personales debido a un incendio, inundación, saqueo, vandalismo, robo, viento u otra causa; La pérdida por haber quedado desamparado(a) (sin hogar) o La pérdida de los medios de manutención (sostenimiento) debido a despidos temporales o permanentes. File for a tax extension free Esta ayuda no aplica a cualquier deuda asegurada por bienes inmuebles ubicados fuera de la zona de desastre del huracán Katrina. File for a tax extension free Es posible que también tenga que reducir ciertos atributos tributarios por la cantidad excluida. File for a tax extension free Para obtener mayor información al respecto, vea la Forma 982, Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis of Adjustment) (Reducción de Atributos Tributarios Debida a la Cancelación de Endeudamiento (y el Ajuste a la Base bajo la Sección 1082)), en inglés. File for a tax extension free Alivio Tributario para la Reubicación Temporal Conforme a la Gulf Opportunity Zone Act of 2005 (Ley de la Zona de Oportunidad del Golfo del 2005), el IRS puede adaptar las leyes de impuestos internos para asegurar que los contribuyentes no pierdan alguna deducción o crédito o tengan un cambio en su estado civil para efectos de la declaración a causa de alguna reubicación temporal debida al huracán Katrina, Rita o Wilma. File for a tax extension free Sin embargo, cualquier ajuste de este tipo debe asegurar que un individuo no sea considerado para los mismos beneficios tributarios a través de más de un(a) contribuyente. File for a tax extension free El IRS ha ejercido esta autoridad de la manera siguiente: Al determinar si usted proporcionó más de la mitad del costo de la manutención (sostenimiento) de un hogar, puede excluir del total de los costos del hogar cualquier asistencia que haya recibido del gobierno o de organizaciones caritativas debido a que a usted se le reubicó temporalmente a causa del huracán Katrina, Rita o Wilma. File for a tax extension free Al determinar si proporcionó más de la mitad del sostenimiento de una persona, usted puede no tomar en cuenta cualquier ayuda del gobierno o de organizaciones caritativas debido a que a usted se le reubicó temporalmente a causa del huracán Katrina, Rita o Wilma. File for a tax extension free Usted puede tratar como estudiante a un individuo que se haya matriculado en una institución educativa antes del 25 de agosto del 2005 y que no pueda asistir a clases debido al huracán Katrina, por cada mes durante el período de matrícula en que dicha persona no puede asistir a clases según lo planificado, a causa del huracán Katrina. File for a tax extension free Usted puede tratar como estudiante a un individuo que se haya matriculado en una institución educativa antes del 23 de septiembre del 2005 y que no pueda asistir a clases debido al huracán Rita, por cada mes durante el período de matrícula en que dicha persona no puede asistir a clases según lo planificado, a causa del huracán Rita. File for a tax extension free Usted puede tratar como estudiante a un individuo que se haya matriculado en una institución educativa antes del 23 de octubre del 2005 y que no pueda asistir a clases debido al huracán Wilma, por cada mes durante el período de matrícula en que dicha persona no puede asistir a clases según lo planificado, a causa del huracán Wilma. File for a tax extension free Alivio Tributario Adicional para Empresas Asignación (Descuento) Especial de Depreciación Usted puede usar una asignación (descuento) especial por depreciación de una propiedad ubicada en la Zona de Oportunidad del Golfo (GO) (definida más adelante) que haya comenzado a usar después del 27 de agosto del 2005. File for a tax extension free Esta asignación (descuento) representa una deducción adicional del 50% de la base depreciable de dicha propiedad (después de haber aplicado una deducción bajo la sección 179 y antes de calcular su deducción por depreciación normal). File for a tax extension free La asignación (descuento) especial es aplicable únicamente para el primer año en que la propiedad se comenzó a utilizar. File for a tax extension free La asignación (descuento) se puede deducir tanto para el impuesto normal como para el impuesto alternativo mínimo (conocido por sus siglas en inglés, AMT). File for a tax extension free No se requiere un ajuste del AMT para cualquier depreciación que aparezca en la base restante de la propiedad. File for a tax extension free Usted puede elegir por no deducir la asignación (el descuento) especial por depreciación en la Zona GO de alguna propiedad que esté calificada. File for a tax extension free Si elige hacer esto para cualquier propiedad, entonces esto será aplicable a toda propiedad que se encuentre en la misma categoría y que haya comenzado a usar durante el año. File for a tax extension free Propiedad calificada de la Zona GO. File for a tax extension free   La propiedad que califica para la asignación (el descuento) especial por depreciación de la Zona GO incluye a las siguientes: Propiedad tangible depreciada conforme al sistema acelerado y modificado de recuperación de costos (conocido por sus siglas en inglés, MACRS) con un período de recuperación de 20 años o menos. File for a tax extension free Propiedad de servicios de agua potable. File for a tax extension free Programas de computación que se encuentran a disponibilidad inmediata para la compra del público en general, que están sujetos a una licencia no exclusiva y que no se hayan modificado considerablemente. File for a tax extension free (El costo de algunos programas de computación se trata como parte del costo de la maquinaria (hardware) y es depreciado conforme al sistema MACRS). File for a tax extension free Propiedad calificada para mejoras con fines de arrendamiento. File for a tax extension free Bienes inmuebles no residenciales y bienes muebles residenciales de alquiler. File for a tax extension free   Para mayor información, vea la Publicación 946, How to Depreciate Property (Cómo Depreciar los Bienes), en inglés. File for a tax extension free Otras pruebas con las que se debe cumplir. File for a tax extension free   Para calificar como bienes de la Zona GO, dichos bienes también deben satisfacer las pruebas siguientes: Usted debe haber adquirido la propiedad, a través de la compra, después del 27 de agosto del 2005, pero sólo si no existía un contrato obligatorio por escrito vigente para esa adquisición antes del 28 de agosto del 2005. File for a tax extension free La propiedad se debe haber comenzado a usar antes del 2008 (2009 en el caso de bienes inmuebles no residenciales y bienes muebles residenciales de alquiler). File for a tax extension free Substancialmente todo el uso de la propiedad debe ocurrir en la Zona GO y durante actividades comerciales y empresariales en operación en la Zona GO. File for a tax extension free Usted debe ser quien utiliza por primera vez los bienes o propiedad en la Zona GO después del 27 de agosto del 2005. File for a tax extension free Los bienes usados pueden calificar como propiedad de la Zona GO si no han sido usados previamente en la Zona GO. File for a tax extension free Asimismo, los gastos de capital adicionales en los que haya incurrido después del 27 de agosto del 2005 con el fin de reacondicionar o reconstruir su propiedad satisfacen la prueba de uso original si fue usted quien comenzó a usar orginalmente esa propiedad en la Zona GO. File for a tax extension free Propiedad excluida (sin cobertura). File for a tax extension free   La propiedad calificada de la Zona GO no incluye las situaciones siguientes: Propiedad que se requiere ser depreciada utilizando el sistema alternativo de depreciación (conocido por sus siglas en inglés, ADS). File for a tax extension free Cualquier parte de una propiedad que sea financiada con las ganancias de una obligación exenta de impuesto conforme a la sección 103. File for a tax extension free Propiedad por la cual reclama una deducción por revitalización comercial. File for a tax extension free Cualquier propiedad utilizada en conexión con cualquier centro de golf, club campestre, salón de masajes, establecimiento de baños de belleza y establecimientos de bronceado o cualesquier establecimientos, privados o comerciales, cuya actividad comercial principal sea la venta de bebidas alcohólicas para el consumo fuera de los locales. File for a tax extension free Cualquier propiedad para las apuestas de juego o de carreras de animales (según se define más adelante). File for a tax extension free Propiedad dentro de la misma categoría que aquella por la cual optó por no reclamar una asignación (descuento) especial por depreciación de la Zona GO. File for a tax extension free   Una propiedad o bien dedicado a las apuestas o a las carreras de animales se define como: Cualquier equipo, mueble, programa de computación u otros bienes utilizados directamente en actividades de juego con apuestas, carreras de animales o para ver dichas carreras en un estableci
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File for a tax extension free 4. File for a tax extension free   Transportation Table of Contents Parking fees. File for a tax extension free Advertising display on car. File for a tax extension free Car pools. File for a tax extension free Hauling tools or instruments. File for a tax extension free Union members' trips from a union hall. File for a tax extension free Car ExpensesStandard Mileage Rate Actual Car Expenses Leasing a Car Disposition of a Car This chapter discusses expenses you can deduct for business transportation when you are not traveling away from home as defined in chapter 1. File for a tax extension free These expenses include the cost of transportation by air, rail, bus, taxi, etc. File for a tax extension free , and the cost of driving and maintaining your car. File for a tax extension free Transportation expenses include the ordinary and necessary costs of all of the following. File for a tax extension free Getting from one workplace to another in the course of your business or profession when you are traveling within the city or general area that is your tax home. File for a tax extension free Tax home is defined in chapter 1. File for a tax extension free Visiting clients or customers. File for a tax extension free Going to a business meeting away from your regular workplace. File for a tax extension free Getting from your home to a temporary workplace when you have one or more regular places of work. File for a tax extension free These temporary workplaces can be either within the area of your tax home or outside that area. File for a tax extension free Transportation expenses do not include expenses you have while traveling away from home overnight. File for a tax extension free Those expenses are travel expenses discussed in chapter 1 . File for a tax extension free However, if you use your car while traveling away from home overnight, use the rules in this chapter to figure your car expense deduction. File for a tax extension free See Car Expenses , later. File for a tax extension free Daily transportation expenses you incur while traveling from home to one or more regular places of business are generally nondeductible commuting expenses. File for a tax extension free However, there may be exceptions to this general rule. File for a tax extension free You can deduct daily transportation expenses incurred going between your residence and a temporary work station outside the metropolitan area where you live. File for a tax extension free Also, daily transportation expenses can be deducted if: (1) you have one or more regular work locations away from your residence or (2) your residence is your principal place of business and you incur expenses going between the residence and another work location in the same trade or business, regardless of whether the work is temporary or permanent and regardless of the distance. File for a tax extension free Illustration of transportation expenses. File for a tax extension free    Figure B , earlier, illustrates the rules that apply for deducting transportation expenses when you have a regular or main job away from your home. File for a tax extension free You may want to refer to it when deciding whether you can deduct your transportation expenses. File for a tax extension free Temporary work location. File for a tax extension free   If you have one or more regular work locations away from your home and you commute to a temporary work location in the same trade or business, you can deduct the expenses of the daily round-trip transportation between your home and the temporary location, regardless of distance. File for a tax extension free   If your employment at a work location is realistically expected to last (and does in fact last) for 1 year or less, the employment is temporary unless there are facts and circumstances that would indicate otherwise. File for a tax extension free   If your employment at a work location is realistically expected to last for more than 1 year or if there is no realistic expectation that the employment will last for 1 year or less, the employment is not temporary, regardless of whether it actually lasts for more than 1 year. File for a tax extension free   If employment at a work location initially is realistically expected to last for 1 year or less, but at some later date the employment is realistically expected to last more than 1 year, that employment will be treated as temporary (unless there are facts and circumstances that would indicate otherwise) until your expectation changes. File for a tax extension free It will not be treated as temporary after the date you determine it will last more than 1 year. File for a tax extension free   If the temporary work location is beyond the general area of your regular place of work and you stay overnight, you are traveling away from home. File for a tax extension free You may have deductible travel expenses as discussed in chapter 1 . File for a tax extension free No regular place of work. File for a tax extension free   If you have no regular place of work but ordinarily work in the metropolitan area where you live, you can deduct daily transportation costs between home and a temporary work site outside that metropolitan area. File for a tax extension free   Generally, a metropolitan area includes the area within the city limits and the suburbs that are considered part of that metropolitan area. File for a tax extension free   You cannot deduct daily transportation costs between your home and temporary work sites within your metropolitan area. File for a tax extension free These are nondeductible commuting expenses. File for a tax extension free Two places of work. File for a tax extension free   If you work at two places in one day, whether or not for the same employer, you can deduct the expense of getting from one workplace to the other. File for a tax extension free However, if for some personal reason you do not go directly from one location to the other, you cannot deduct more than the amount it would have cost you to go directly from the first location to the second. File for a tax extension free   Transportation expenses you have in going between home and a part-time job on a day off from your main job are commuting expenses. File for a tax extension free You cannot deduct them. File for a tax extension free Armed Forces reservists. File for a tax extension free   A meeting of an Armed Forces reserve unit is a second place of business if the meeting is held on a day on which you work at your regular job. File for a tax extension free You can deduct the expense of getting from one workplace to the other as just discussed under Two places of work . File for a tax extension free   You usually cannot deduct the expense if the reserve meeting is held on a day on which you do not work at your regular job. File for a tax extension free In this case, your transportation generally is a nondeductible commuting expense. File for a tax extension free However, you can deduct your transportation expenses if the location of the meeting is temporary and you have one or more regular places of work. File for a tax extension free   If you ordinarily work in a particular metropolitan area but not at any specific location and the reserve meeting is held at a temporary location outside that metropolitan area, you can deduct your transportation expenses. File for a tax extension free   If you travel away from home overnight to attend a guard or reserve meeting, you can deduct your travel expenses. File for a tax extension free These expenses are discussed in chapter 1 . File for a tax extension free   If you travel more than 100 miles away from home in connection with your performance of services as a member of the reserves, you may be able to deduct some of your reserve-related travel costs as an adjustment to gross income rather than as an itemized deduction. File for a tax extension free For more information, see Armed Forces Reservists Traveling More Than 100 Miles From Home under Special Rules, in chapter 6. File for a tax extension free Commuting expenses. File for a tax extension free   You cannot deduct the costs of taking a bus, trolley, subway, or taxi, or of driving a car between your home and your main or regular place of work. File for a tax extension free These costs are personal commuting expenses. File for a tax extension free You cannot deduct commuting expenses no matter how far your home is from your regular place of work. File for a tax extension free You cannot deduct commuting expenses even if you work during the commuting trip. File for a tax extension free Example. File for a tax extension free You sometimes use your cell phone to make business calls while commuting to and from work. File for a tax extension free Sometimes business associates ride with you to and from work, and you have a business discussion in the car. File for a tax extension free These activities do not change the trip from personal to business. File for a tax extension free You cannot deduct your commuting expenses. File for a tax extension free Parking fees. File for a tax extension free    Fees you pay to park your car at your place of business are nondeductible commuting expenses. File for a tax extension free You can, however, deduct business-related parking fees when visiting a customer or client. File for a tax extension free Advertising display on car. File for a tax extension free   Putting display material that advertises your business on your car does not change the use of your car from personal use to business use. File for a tax extension free If you use this car for commuting or other personal uses, you still cannot deduct your expenses for those uses. File for a tax extension free Car pools. File for a tax extension free   You cannot deduct the cost of using your car in a nonprofit car pool. File for a tax extension free Do not include payments you receive from the passengers in your income. File for a tax extension free These payments are considered reimbursements of your expenses. File for a tax extension free However, if you operate a car pool for a profit, you must include payments from passengers in your income. File for a tax extension free You can then deduct your car expenses (using the rules in this publication). File for a tax extension free Hauling tools or instruments. File for a tax extension free   Hauling tools or instruments in your car while commuting to and from work does not make your car expenses deductible. File for a tax extension free However, you can deduct any additional costs you have for hauling tools or instruments (such as for renting a trailer you tow with your car). File for a tax extension free Union members' trips from a union hall. File for a tax extension free   If you get your work assignments at a union hall and then go to your place of work, the costs of getting from the union hall to your place of work are nondeductible commuting expenses. File for a tax extension free Although you need the union to get your work assignments, you are employed where you work, not where the union hall is located. File for a tax extension free Office in the home. File for a tax extension free   If you have an office in your home that qualifies as a principal place of business, you can deduct your daily transportation costs between your home and another work location in the same trade or business. File for a tax extension free (See Publication 587, Business Use of Your Home, for information on determining if your home office qualifies as a principal place of business. File for a tax extension free ) Examples of deductible transportation. File for a tax extension free   The following examples show when you can deduct transportation expenses based on the location of your work and your home. File for a tax extension free Example 1. File for a tax extension free You regularly work in an office in the city where you live. File for a tax extension free Your employer sends you to a 1-week training session at a different office in the same city. File for a tax extension free You travel directly from your home to the training location and return each day. File for a tax extension free You can deduct the cost of your daily round-trip transportation between your home and the training location. File for a tax extension free Example 2. File for a tax extension free Your principal place of business is in your home. File for a tax extension free You can deduct the cost of round-trip transportation between your qualifying home office and your client's or customer's place of business. File for a tax extension free Example 3. File for a tax extension free You have no regular office, and you do not have an office in your home. File for a tax extension free In this case, the location of your first business contact inside the metropolitan area is considered your office. File for a tax extension free Transportation expenses between your home and this first contact are nondeductible commuting expenses. File for a tax extension free Transportation expenses between your last business contact and your home are also nondeductible commuting expenses. File for a tax extension free While you cannot deduct the costs of these trips, you can deduct the costs of going from one client or customer to another. File for a tax extension free Car Expenses If you use your car for business purposes, you ordinarily can deduct car expenses. File for a tax extension free You generally can use one of the two following methods to figure your deductible expenses. File for a tax extension free Standard mileage rate. File for a tax extension free Actual car expenses. File for a tax extension free If you use actual expenses to figure your deduction for a car you lease, there are rules that affect the amount of your lease payments you can deduct. File for a tax extension free See Leasing a Car , later. File for a tax extension free In this publication, “car” includes a van, pickup, or panel truck. File for a tax extension free For the definition of “car” for depreciation purposes, see Car defined under Actual Car Expenses, later. File for a tax extension free Rural mail carriers. File for a tax extension free   If you are a rural mail carrier, you may be able to treat the qualified reimbursement you received as your allowable expense. File for a tax extension free Because the qualified reimbursement is treated as paid under an accountable plan, your employer should not include the reimbursement in your income. File for a tax extension free   If your vehicle expenses are more than the amount of your reimbursement, you can deduct the unreimbursed expenses as an itemized deduction on Schedule A (Form 1040). File for a tax extension free You must complete Form 2106 and attach it to your Form 1040, U. File for a tax extension free S. File for a tax extension free Individual Income Tax Return. File for a tax extension free   A “qualified reimbursement” is the reimbursement you receive that meets both of the following conditions. File for a tax extension free It is given as an equipment maintenance allowance (EMA) to employees of the U. File for a tax extension free S. File for a tax extension free Postal Service. File for a tax extension free It is at the rate contained in the 1991 collective bargaining agreement. File for a tax extension free Any later agreement cannot increase the qualified reimbursement amount by more than the rate of inflation. File for a tax extension free See your employer for information on your reimbursement. File for a tax extension free    If you are a rural mail carrier and received a qualified reimbursement, you cannot use the standard mileage rate. File for a tax extension free Standard Mileage Rate You may be able to use the standard mileage rate to figure the deductible costs of operating your car for business purposes. File for a tax extension free For 2013, the standard mileage rate for the cost of operating your car for business use is 56½ cents per mile. File for a tax extension free If you use the standard mileage rate for a year, you cannot deduct your actual car expenses for that year. File for a tax extension free You cannot deduct depreciation, lease payments, maintenance and repairs, gasoline (including gasoline taxes), oil, insurance, or vehicle registration fees. File for a tax extension free See Choosing the standard mileage rate and Standard mileage rate not allowed, later. File for a tax extension free You generally can use the standard mileage rate whether or not you are reimbursed and whether or not any reimbursement is more or less than the amount figured using the standard mileage rate. File for a tax extension free See chapter 6 for more information on reimbursements . File for a tax extension free Choosing the standard mileage rate. File for a tax extension free   If you want to use the standard mileage rate for a car you own, you must choose to use it in the first year the car is available for use in your business. File for a tax extension free Then, in later years, you can choose to use either the standard mileage rate or actual expenses. File for a tax extension free   If you want to use the standard mileage rate for a car you lease, you must use it for the entire lease period. File for a tax extension free For leases that began on or before December 31, 1997, the standard mileage rate must be used for the entire portion of the lease period (including renewals) that is after 1997. File for a tax extension free   You must make the choice to use the standard mileage rate by the due date (including extensions) of your return. File for a tax extension free You cannot revoke the choice. File for a tax extension free However, in later years, you can switch from the standard mileage rate to the actual expenses method. File for a tax extension free If you change to the actual expenses method in a later year, but before your car is fully depreciated, you have to estimate the remaining useful life of the car and use straight line depreciation. File for a tax extension free Example. File for a tax extension free Larry is an employee who occasionally uses his own car for business purposes. File for a tax extension free He purchased the car in 2011, but he did not claim any unreimbursed employee expenses on his 2011 tax return. File for a tax extension free Because Larry did not use the standard mileage rate the first year the car was available for business use, he cannot use the standard mileage rate in 2013 to claim unreimbursed employee business expenses. File for a tax extension free   For more information about depreciation included in the standard mileage rate, see Exception under Methods of depreciation, later. File for a tax extension free Standard mileage rate not allowed. File for a tax extension free   You cannot use the standard mileage rate if you: Use five or more cars at the same time (such as in fleet operations), Claimed a depreciation deduction for the car using any method other than straight line, for example, MACRS (as discussed later under Depreciation Deduction), Claimed a section 179 deduction (discussed later) on the car, Claimed the special depreciation allowance on the car, Claimed actual car expenses after 1997 for a car you leased, or Are a rural mail carrier who received a qualified reimbursement. File for a tax extension free (See Rural mail carriers , earlier. File for a tax extension free ) Note. File for a tax extension free You can elect to use the standard mileage rate if you used a car for hire (such as a taxi) unless the standard mileage rate is otherwise not allowed, as discussed above. File for a tax extension free Five or more cars. File for a tax extension free   If you own or lease five or more cars that are used for business at the same time, you cannot use the standard mileage rate for the business use of any car. File for a tax extension free However, you may be able to deduct your actual expenses for operating each of the cars in your business. File for a tax extension free See Actual Car Expenses , later, for information on how to figure your deduction. File for a tax extension free   You are not using five or more cars for business at the same time if you alternate using (use at different times) the cars for business. File for a tax extension free   The following examples illustrate the rules for when you can and cannot use the standard mileage rate for five or more cars. File for a tax extension free Example 1. File for a tax extension free Marcia, a salesperson, owns three cars and two vans that she alternates using for calling on her customers. File for a tax extension free She can use the standard mileage rate for the business mileage of the three cars and the two vans because she does not use them at the same time. File for a tax extension free Example 2. File for a tax extension free Tony and his employees use his four pickup trucks in his landscaping business. File for a tax extension free During the year, he traded in two of his old trucks for two newer ones. File for a tax extension free Tony can use the standard mileage rate for the business mileage of all six of the trucks he owned during the year. File for a tax extension free Example 3. File for a tax extension free Chris owns a repair shop and an insurance business. File for a tax extension free He and his employees use his two pickup trucks and van for the repair shop. File for a tax extension free Chris alternates using his two cars for the insurance business. File for a tax extension free No one else uses the cars for business purposes. File for a tax extension free Chris can use the standard mileage rate for the business use of the pickup trucks, van, and the cars because he never has more than four vehicles used for business at the same time. File for a tax extension free Example 4. File for a tax extension free Maureen owns a car and four vans that are used in her housecleaning business. File for a tax extension free Her employees use the vans, and she uses the car to travel to various customers. File for a tax extension free Maureen cannot use the standard mileage rate for the car or the vans. File for a tax extension free This is because all five vehicles are used in Maureen's business at the same time. File for a tax extension free She must use actual expenses for all vehicles. File for a tax extension free Interest. File for a tax extension free   If you are an employee, you cannot deduct any interest paid on a car loan. File for a tax extension free This applies even if you use the car 100% for business as an employee. File for a tax extension free   However, if you are self-employed and use your car in your business, you can deduct that part of the interest expense that represents your business use of the car. File for a tax extension free For example, if you use your car 60% for business, you can deduct 60% of the interest on Schedule C (Form 1040). File for a tax extension free You cannot deduct the part of the interest expense that represents your personal use of the car. File for a tax extension free    If you use a home equity loan to purchase your car, you may be able to deduct the interest. File for a tax extension free See Publication 936, Home Mortgage Interest Deduction, for more information. File for a tax extension free Personal property taxes. File for a tax extension free   If you itemize your deductions on Schedule A (Form 1040), you can deduct on line 7 state and local personal property taxes on motor vehicles. File for a tax extension free You can take this deduction even if you use the standard mileage rate or if you do not use the car for business. File for a tax extension free   If you are self-employed and use your car in your business, you can deduct the business part of state and local personal property taxes on motor vehicles on Schedule C (Form 1040), Schedule C-EZ (Form 1040), or Schedule F (Form 1040). File for a tax extension free If you itemize your deductions, you can include the remainder of your state and local personal property taxes on the car on Schedule A (Form 1040). File for a tax extension free Parking fees and tolls. File for a tax extension free   In addition to using the standard mileage rate, you can deduct any business-related parking fees and tolls. File for a tax extension free (Parking fees you pay to park your car at your place of work are nondeductible commuting expenses. File for a tax extension free ) Sale, trade-in, or other disposition. File for a tax extension free   If you sell, trade in, or otherwise dispose of your car, you may have a gain or loss on the transaction or an adjustment to the basis of your new car. File for a tax extension free See Disposition of a Car , later. File for a tax extension free Actual Car Expenses If you do not use the standard mileage rate, you may be able to deduct your actual car expenses. File for a tax extension free If you qualify to use both methods, you may want to figure your deduction both ways to see which gives you a larger deduction. File for a tax extension free Actual car expenses include: Depreciation Licenses Lease  payments Registration  fees Gas Insurance Repairs Oil Garage rent Tires Tolls Parking fees   If you have fully depreciated a car that you still use in your business, you can continue to claim your other actual car expenses. File for a tax extension free Continue to keep records, as explained later in chapter 5 . File for a tax extension free Business and personal use. File for a tax extension free   If you use your car for both business and personal purposes, you must divide your expenses between business and personal use. File for a tax extension free You can divide your expense based on the miles driven for each purpose. File for a tax extension free Example. File for a tax extension free You are a sales representative for a clothing firm and drive your car 20,000 miles during the year: 12,000 miles for business and 8,000 miles for personal use. File for a tax extension free You can claim only 60% (12,000 ÷ 20,000) of the cost of operating your car as a business expense. File for a tax extension free Employer-provided vehicle. File for a tax extension free   If you use a vehicle provided by your employer for business purposes, you can deduct your actual unreimbursed car expenses. File for a tax extension free You cannot use the standard mileage rate. File for a tax extension free See Vehicle Provided by Your Employer in chapter 6. File for a tax extension free Interest on car loans. File for a tax extension free   If you are an employee, you cannot deduct any interest paid on a car loan. File for a tax extension free This interest is treated as personal interest and is not deductible. File for a tax extension free If you are self-employed and use your car in that business, see Interest , earlier, under Standard Mileage Rate. File for a tax extension free Taxes paid on your car. File for a tax extension free   If you are an employee, you can deduct personal property taxes paid on your car if you itemize deductions. File for a tax extension free Enter the amount paid on line 7 of Schedule A (Form 1040). File for a tax extension free Sales taxes. File for a tax extension free   Generally, sales taxes on your car are part of your car's basis and are recovered through depreciation, discussed later. File for a tax extension free Fines and collateral. File for a tax extension free   You cannot deduct fines you pay or collateral you forfeit for traffic violations. File for a tax extension free Casualty and theft losses. File for a tax extension free   If your car is damaged, destroyed, or stolen, you may be able to deduct part of the loss not covered by insurance. File for a tax extension free See Publication 547, Casualties, Disasters, and Thefts, for information on deducting a loss on your car. File for a tax extension free Depreciation and section 179 deductions. File for a tax extension free   Generally, the cost of a car, plus sales tax and improvements, is a capital expense. File for a tax extension free Because the benefits last longer than 1 year, you generally cannot deduct a capital expense. File for a tax extension free However, you can recover this cost through the section 179 deduction (the deduction allowed by section 179 of the Internal Revenue Code), special depreciation allowance, and depreciation deductions. File for a tax extension free Depreciation allows you to recover the cost over more than 1 year by deducting part of it each year. File for a tax extension free The section 179 deduction , special depreciation allowance , and depreciation deductions are discussed later. File for a tax extension free   Generally, there are limits on these deductions. File for a tax extension free Special rules apply if you use your car 50% or less in your work or business. File for a tax extension free   You can claim a section 179 deduction and use a depreciation method other than straight line only if you do not use the standard mileage rate to figure your business-related car expenses in the year you first place a car in service. File for a tax extension free   If, in the year you first place a car in service, you claim either a section 179 deduction or use a depreciation method other than straight line for its estimated useful life, you cannot use the standard mileage rate on that car in any future year. File for a tax extension free Car defined. File for a tax extension free   For depreciation purposes, a car is any four-wheeled vehicle (including a truck or van) made primarily for use on public streets, roads, and highways. File for a tax extension free Its unloaded gross vehicle weight must not be more than 6,000 pounds. File for a tax extension free A car includes any part, component, or other item physically attached to it or usually included in the purchase price. File for a tax extension free   A car does not include: An ambulance, hearse, or combination ambulance-hearse used directly in a business, A vehicle used directly in the business of transporting persons or property for pay or hire, or A truck or van that is a qualified nonpersonal use vehicle. File for a tax extension free Qualified nonpersonal use vehicles. File for a tax extension free   These are vehicles that by their nature are not likely to be used more than a minimal amount for personal purposes. File for a tax extension free They include trucks and vans that have been specially modified so that they are not likely to be used more than a minimal amount for personal purposes, such as by installation of permanent shelving and painting the vehicle to display advertising or the company's name. File for a tax extension free Delivery trucks with seating only for the driver, or only for the driver plus a folding jump seat, are qualified nonpersonal use vehicles. File for a tax extension free More information. File for a tax extension free   See Depreciation Deduction , later, for more information on how to depreciate your vehicle. File for a tax extension free Section 179 Deduction The section 179 deduction allows you to treat a portion or all of the cost of a car as a current expense. File for a tax extension free If you choose to deduct all or part of the cost as a current expense, you must reduce your depreciable basis in the car by the amount of the section 179 deduction. File for a tax extension free There is a limit on the total section 179 deduction, special depreciation allowance, and depreciation deduction for cars, trucks, and vans that may reduce or eliminate any benefit from claiming the section 179 deduction. File for a tax extension free See Depreciation Limits, later. File for a tax extension free You can claim the section 179 deduction only in the year you place the car in service. File for a tax extension free For this purpose, a car is placed in service when it is ready and available for a specifically assigned use, whether in a trade or business, a tax-exempt activity, a personal activity, or for the production of income. File for a tax extension free Even if you are not using the property, it is in service when it is ready and available for its specifically assigned use. File for a tax extension free A car first used for personal purposes cannot qualify for the deduction in a later year when its use changes to business. File for a tax extension free Example. File for a tax extension free In 2012, you bought a new car and used it for personal purposes. File for a tax extension free In 2013, you began to use it for business. File for a tax extension free Changing its use to business use does not qualify the cost of your car for a section 179 deduction in 2013. File for a tax extension free However, you can claim a depreciation deduction for the business use of the car starting in 2013. File for a tax extension free See Depreciation Deduction , later. File for a tax extension free More than 50% business use requirement. File for a tax extension free   You must use the property more than 50% for business to claim any section 179 deduction. File for a tax extension free If you used the property more than 50% for business, multiply the cost of the property by the percentage of business use. File for a tax extension free The result is the cost of the property that can qualify for the section 179 deduction. File for a tax extension free Example. File for a tax extension free Peter purchased a car in April 2013 for $24,500 and used it 60% for business. File for a tax extension free Based on his business usage, the total cost of Peter's car that qualifies for the section 179 deduction is $14,700 ($24,500 cost × 60% business use). File for a tax extension free But see Limit on total section 179, special depreciation allowance, and depreciation deduction , discussed later. File for a tax extension free Limits. File for a tax extension free   There are limits on: The amount of the section 179 deduction, The section 179 deduction for sport utility and certain other vehicles, and The total amount of the section 179 deduction, special depreciation allowance, and depreciation deduction (discussed later ) you can claim for a qualified property. File for a tax extension free Limit on the amount of the section 179 deduction. File for a tax extension free   For 2013, the total amount you can choose to deduct under section 179 generally cannot be more than $500,000. File for a tax extension free   If the cost of your section 179 property placed in service in 2013 is over $2,000,000, you must reduce the $500,000 dollar limit (but not below zero) by the amount of cost over $2,000,000. File for a tax extension free If the cost of your section 179 property placed in service during 2013 is $2,500,000 or more, you cannot take a section 179 deduction. File for a tax extension free   The total amount you can deduct under section 179 each year after you apply the limits listed above cannot be more than the taxable income from the active conduct of any trade or business during the year. File for a tax extension free   If you are married and file a joint return, you and your spouse are treated as one taxpayer in determining any reduction to the dollar limit, regardless of which of you purchased the property or placed it in service. File for a tax extension free   If you and your spouse file separate returns, you are treated as one taxpayer for the dollar limit. File for a tax extension free You must allocate the dollar limit (after any reduction) between you. File for a tax extension free   For more information on the above section 179 deduction limits, see Publication 946. File for a tax extension free Limit for sport utility and certain other vehicles. File for a tax extension free   For sport utility and certain other vehicles placed in service in 2013, the portion of the vehicle's cost taken into account in figuring your section 179 deduction is limited to $25,000. File for a tax extension free This rule applies to any four-wheeled vehicle primarily designed or used to carry passengers over public streets, roads, or highways, that is not subject to any of the passenger automobile limits explained under Depreciation Limits , later, and that is rated at no more than 14,000 pounds gross vehicle weight. File for a tax extension free However, the $25,000 limit does not apply to any vehicle: Designed to have a seating capacity of more than nine persons behind the driver's seat, Equipped with a cargo area of at least 6 feet in interior length that is an open area or is designed for use as an open area but is enclosed by a cap and is not readily accessible directly from the passenger compartment, or That has an integral enclosure, fully enclosing the driver compartment and load carrying device, does not have seating rearward of the driver's seat, and has no body section protruding more than 30 inches ahead of the leading edge of the windshield. File for a tax extension free    Limit on total section 179, special depreciation allowance, and depreciation deduction. File for a tax extension free   Generally, the total amount of section 179, special depreciation allowance, and depreciation deduction you can claim for a car that is qualified property and that you placed in service in 2013 is $11,160. File for a tax extension free The limit is reduced if your business use of the car is less than 100%. File for a tax extension free See Depreciation Limits , later, for more information. File for a tax extension free Example. File for a tax extension free In the earlier example under More than 50% business use requirement, Peter had a car with a cost (for purposes of the section 179 deduction) of $14,700. File for a tax extension free However, based on Peter's business usage of his car, the total of his section 179, special depreciation allowance, and depreciation deductions is limited to $6,696 ($11,160 limit x 60% business use). File for a tax extension free Cost of car. File for a tax extension free   For purposes of the section 179 deduction, the cost of the car does not include any amount figured by reference to any other property held by you at any time. File for a tax extension free For example, if you buy (for cash and a trade-in) a new car to use in your business, your cost for purposes of the section 179 deduction does not include your adjusted basis in the car you trade in for the new car. File for a tax extension free Your cost includes only the cash you paid. File for a tax extension free Basis of car for depreciation. File for a tax extension free   The amount of the section 179 deduction reduces your basis in your car. File for a tax extension free If you choose the section 179 deduction, you must subtract the amount of the deduction from the cost of your car. File for a tax extension free The resulting amount is the basis in your car you use to figure your depreciation deduction. File for a tax extension free When to choose. File for a tax extension free   If you want to take the section 179 deduction, you must make the choice in the tax year you place the car in service for business or work. File for a tax extension free How to choose. File for a tax extension free    Employees use Form 2106 to make this choice and report the section 179 deduction. File for a tax extension free All others use Form 4562. File for a tax extension free   File the appropriate form with either of the following. File for a tax extension free Your original tax return filed for the year the property was placed in service (whether or not you file it timely). File for a tax extension free An amended return filed within the time prescribed by law. File for a tax extension free An election made on an amended return must specify the item of section 179 property to which the election applies and the part of the cost of each such item to be taken into account. File for a tax extension free The amended return must also include any resulting adjustments to taxable income. File for a tax extension free    You must keep records that show the specific identification of each piece of qualifying section 179 property. File for a tax extension free These records must show how you acquired the property, the person you acquired it from, and when you placed it in service. File for a tax extension free Revoking an election. File for a tax extension free   An election (or any specification made in the election) to take a section 179 deduction for 2013 can only be revoked with the Commissioner's approval. File for a tax extension free Recapture of section 179 deduction. File for a tax extension free   To be eligible to claim the section 179 deduction, you must use your car more than 50% for business or work in the year you acquired it. File for a tax extension free If your business use of the car is 50% or less in a later tax year during the recovery period, you have to recapture (include in income) in that later year any excess depreciation. File for a tax extension free Any section 179 deduction claimed on the car is included in calculating the excess depreciation. File for a tax extension free For information on this calculation, see Excess depreciation , later in this chapter under Car Used 50% or Less for Business. File for a tax extension free Dispositions. File for a tax extension free   If you dispose of a car on which you had claimed the section 179 deduction, the amount of that deduction is treated as a depreciation deduction for recapture purposes. File for a tax extension free You treat any gain on the disposition of the property as ordinary income up to the amount of the section 179 deduction and any allowable depreciation (unless you establish the amount actually allowed). File for a tax extension free For information on the disposition of a car, see Disposition of a Car , later. File for a tax extension free Special Depreciation Allowance You may be able to claim the special depreciation allowance for your car, truck, or van, if it is qualified property and was placed in service in 2013. File for a tax extension free The allowance is an additional depreciation deduction of 50% of the car's depreciable basis (after any section 179 deduction, but before figuring your regular depreciation deduction under MACRS). File for a tax extension free The special depreciation allowance applies only for the first year the car is placed in service. File for a tax extension free To qualify for the allowance more than 50% of the use of the car must be in a qualified business use (as defined under Depreciation Deduction, later). File for a tax extension free Combined depreciation. File for a tax extension free   Your combined section 179 deduction, special depreciation allowance, and regular MACRS depreciation deduction is limited to the maximum allowable depreciation deduction for cars of $11,160 ($3,160 if you elect not to claim the special depreciation allowance). File for a tax extension free For trucks and vans, the first-year limit remains at $11,360 ($3,360 if you elect not to claim the special depreciation allowance). File for a tax extension free See Depreciation Limits , later in this chapter. File for a tax extension free Qualified car. File for a tax extension free   To be a qualified car (including trucks and vans), the car must meet all of the following tests. File for a tax extension free You purchased the car new on or after January 1, 2008, but only if no binding written contract to acquire the car existed before January 1, 2008, You placed the car in service in your trade or business before January 1, 2014, You used the car more than 50% in a qualified business use. File for a tax extension free Election not to claim the special depreciation allowance. File for a tax extension free   You can elect not to claim the special depreciation allowance for your car, truck, or van, that is qualified property. File for a tax extension free If you make this election, it applies to all 5-year property placed in service during the year. File for a tax extension free   To make the election, attach a statement to your timely filed return (including extensions) indicating the class of property (5-year for cars) for which you are making the election and that you are electing not to claim the special depreciation allowance for qualified property acquired on or after January 1, 2008. File for a tax extension free    Unless you elect not to claim the special depreciation allowance, you must reduce the car's adjusted basis by the amount of the allowance, even if the allowance was not claimed. File for a tax extension free Depreciation Deduction If you use actual car expenses to figure your deduction for a car you own and use in your business, you can claim a depreciation deduction. File for a tax extension free This means you can deduct a certain amount each year as a recovery of your cost or other basis in your car. File for a tax extension free You generally need to know the following things about the car you intend to depreciate. File for a tax extension free Your basis in the car. File for a tax extension free The date you place the car in service. File for a tax extension free The method of depreciation and recovery period you will use. File for a tax extension free Basis. File for a tax extension free   Your basis in a car for figuring depreciation is generally its cost. File for a tax extension free This includes any amount you borrow or pay in cash, other property, or services. File for a tax extension free   Generally, you figure depreciation on your car, truck, or van using your unadjusted basis (see Unadjusted basis , later). File for a tax extension free However, in some situations you will use your adjusted basis (your basis reduced by depreciation allowed or allowable in earlier years). File for a tax extension free For one of these situations see Exception under Methods of depreciation, later. File for a tax extension free   If you change the use of a car from personal to business, your basis for depreciation is the lesser of the fair market value or your adjusted basis in the car on the date of conversion. File for a tax extension free Additional rules concerning basis are discussed later in this chapter under Unadjusted basis . File for a tax extension free Placed in service. File for a tax extension free   You generally place a car in service when it is available for use in your work or business, in an income-producing activity, or in a personal activity. File for a tax extension free Depreciation begins when the car is placed in service for use in your work or business or for the production of income. File for a tax extension free   For purposes of computing depreciation, if you first start using the car only for personal use and later convert it to business use, you place the car in service on the date of conversion. File for a tax extension free Car placed in service and disposed of in the same year. File for a tax extension free   If you place a car in service and dispose of it in the same tax year, you cannot claim any depreciation deduction for that car. File for a tax extension free Methods of depreciation. File for a tax extension free   Generally, you figure depreciation on cars using the Modified Accelerated Cost Recovery System (MACRS). File for a tax extension free MACRS is discussed later in this chapter. File for a tax extension free Exception. File for a tax extension free   If you used the standard mileage rate in the first year of business use and change to the actual expenses method in a later year, you cannot depreciate your car under the MACRS rules. File for a tax extension free You must use straight line depreciation over the estimated remaining useful life of the car. File for a tax extension free   To figure depreciation under the straight line method, you must reduce your basis in the car (but not below zero) by a set rate per mile for all miles for which you used the standard mileage rate. File for a tax extension free The rate per mile varies depending on the year(s) you used the standard mileage rate. File for a tax extension free For the rate(s) to use, see Depreciation adjustment when you used the standard mileage rate under Disposition of a Car, later. File for a tax extension free   This reduction of basis is in addition to those basis adjustments described later under Unadjusted basis . File for a tax extension free You must use your adjusted basis in your car to figure your depreciation deduction. File for a tax extension free For additional information on the straight line method of depreciation, see Publication 946. File for a tax extension free More-than-50%-use test. File for a tax extension free   Generally, you must use your car more than 50% for qualified business use (defined next) during the year to use MACRS. File for a tax extension free You must meet this more-than-50%-use test each year of the recovery period (6 years under MACRS) for your car. File for a tax extension free   If your business use is 50% or less, you must use the straight line method to depreciate your car. File for a tax extension free This is explained later under Car Used 50% or Less for Business . File for a tax extension free Qualified business use. File for a tax extension free   A qualified business use is any use in your trade or business. File for a tax extension free It does not include use for the production of income (investment use). File for a tax extension free However, you do combine your business and investment use to compute your depreciation deduction for the tax year. File for a tax extension free Use of your car by another person. File for a tax extension free   Do not treat any use of your car by another person as use in your trade or business unless that use meets one of the following conditions. File for a tax extension free It is directly connected with your business. File for a tax extension free It is properly reported by you as income to the other person (and, if you have to, you withhold tax on the income). File for a tax extension free It results in a payment of fair market rent. File for a tax extension free This includes any payment to you for the use of your car. File for a tax extension free Business use changes. File for a tax extension free   If you used your car more than 50% in qualified business use in the year you placed it in service, but 50% or less in a later year (including the year of disposition), you have to change to the straight line method of depreciation. File for a tax extension free See Qualified business use 50% or less in a later year under Car Used 50% or Less for Business, later. File for a tax extension free    Property does not cease to be used more than 50% in qualified business use by reason of a transfer at death. File for a tax extension free Use for more than one purpose. File for a tax extension free   If you use your car for more than one purpose during the tax year, you must allocate the use to the various purposes. File for a tax extension free You do this on the basis of mileage. File for a tax extension free Figure the percentage of qualified business use by dividing the number of miles you drive your car for business purposes during the year by the total number of miles you drive the car during the year for any purpose. File for a tax extension free Change from personal to business use. File for a tax extension free   If you change the use of a car from 100% personal use to business use during the tax year, you may not have mileage records for the time before the change to business use. File for a tax extension free In this case, you figure the percentage of business use for the year as follows. File for a tax extension free Determine the percentage of business use for the period following the change. File for a tax extension free Do this by dividing business miles by total miles driven during that period. File for a tax extension free Multiply the percentage in (1) by a fraction. File for a tax extension free The numerator (top number) is the number of months the car is used for business and the denominator (bottom number) is 12. File for a tax extension free Example. File for a tax extension free You use a car only for personal purposes during the first 6 months of the year. File for a tax extension free During the last 6 months of the year, you drive the car a total of 15,000 miles of which 12,000 miles are for business. File for a tax extension free This gives you a business use percentage of 80% (12,000 ÷ 15,000) for that period. File for a tax extension free Your business use for the year is 40% (80% × 6/12). File for a tax extension free Limits. File for a tax extension free   The amount you can claim for section 179, special depreciation allowance, and depreciation deductions may be limited. File for a tax extension free The maximum amount you can claim depends on the year in which you placed your car in service. File for a tax extension free You have to reduce the maximum amount if you did not use the car exclusively for business. File for a tax extension free See Depreciation Limits , later. File for a tax extension free Unadjusted basis. File for a tax extension free   You use your unadjusted basis (often referred to as your basis or your basis for depreciation) to figure your depreciation using the MACRS depreciation chart, explained later under Modified Accelerated Cost Recovery System (MACRS) . File for a tax extension free Your unadjusted basis for figuring depreciation is your original basis increased or decreased by certain amounts. File for a tax extension free   To figure your unadjusted basis, begin with your car's original basis, which generally is its cost. File for a tax extension free Cost includes sales taxes (see Sales taxes , earlier), destination charges, and dealer preparation. File for a tax extension free Increase your basis by any substantial improvements you make to your car, such as adding air conditioning or a new engine. File for a tax extension free Decrease your basis by any section 179 deduction, special depreciation allowance, gas guzzler tax, clean-fuel vehicle deduction (for vehicles placed in service before Jan. File for a tax extension free 1, 2006), and alternative motor vehicle credit. File for a tax extension free   See Form 8910 for information on the alternative motor vehicle credit. File for a tax extension free If your business use later falls to 50% or less, you may have to recapture (include in your income) any excess depreciation. File for a tax extension free See Car Used 50% or Less for Business, later, for more information. File for a tax extension free If you acquired the car by gift or inheritance, see Publication 551, Basis of Assets, for information on your basis in the car. File for a tax extension free Improvements. File for a tax extension free   A major improvement to a car is treated as a new item of 5-year recovery property. File for a tax extension free It is treated as placed in service in the year the improvement is made. File for a tax extension free It does not matter how old the car is when the improvement is added. File for a tax extension free Follow the same steps for depreciating the improvement as you would for depreciating the original cost of the car. File for a tax extension free However, you must treat the improvement and the car as a whole when applying the limits on the depreciation deductions. File for a tax extension free Your car's depreciation deduction for the year (plus any section 179 deduction, special depreciation allowance, and depreciation on any improvements) cannot be more than the depreciation limit that applies for that year. File for a tax extension free See Depreciation Limits , later. File for a tax extension free Car trade-in. File for a tax extension free   If you traded one car (the “old car”) for another car (the “new car”) in 2013, there are two ways you can treat the transaction. File for a tax extension free You can elect to treat the transaction as a tax-free disposition of the old car and the purchase of the new car. File for a tax extension free If you make this election, you treat the old car as disposed of at the time of the trade-in. File for a tax extension free The depreciable basis of the new car is the adjusted basis of the old car (figured as if 100% of the car's use had been for business purposes) plus any additional amount you paid for the new car. File for a tax extension free You then figure your depreciation deduction for the new car beginning with the date you placed it in service. File for a tax extension free You make this election by completing Form 2106, Part II, Section D. File for a tax extension free This method is explained later, beginning at Effect of trade-in on basis . File for a tax extension free If you do not make the election described in (1), you must figure depreciation separately for the remaining basis of the old car and for any additional amount you paid for the new car. File for a tax extension free You must apply two depreciation limits (see Depreciation Limits , later). File for a tax extension free The limit that applies to the remaining basis of the old car generally is the amount that would have been allowed had you not traded in the old car. File for a tax extension free The limit that applies to the additional amount you paid for the new car generally is the limit that applies for the tax year, reduced by the depreciation allowance for the remaining basis of the old car. File for a tax extension free You must use Form 4562 to compute your depreciation deduction. File for a tax extension free You cannot use Form 2106, Part II, Section D. File for a tax extension free This method is explained in Publication 946. File for a tax extension free   If you elect to use the method described in (1), you must do so on a timely filed tax return (including extensions). File for a tax extension free Otherwise, you must use the method described in (2). File for a tax extension free Effect of trade-in on basis. File for a tax extension free   The discussion that follows applies to trade-ins of cars in 2013, where the election was made to treat the transaction as a tax-free disposition of the old car and the purchase of the new car. File for a tax extension free For information on how to figure depreciation for cars involved in a like-kind exchange (trade-in) in 2013, for which the election was not made, see Publication 946 and Regulations section 1. File for a tax extension free 168(i)-6(d)(3). File for a tax extension free Traded car used only for business. File for a tax extension free   If you trade in a car you used only in your business for another car that will be used only in your business, your original basis in the new car is your adjusted basis in the old car, plus any additional amount you pay for the new car. File for a tax extension free Example. File for a tax extension free Paul trades in a car that has an adjusted basis of $5,000 for a new car. File for a tax extension free In addition, he pays cash of $20,000 for the new car. File for a tax extension free His original basis of the new car is $25,000 (his $5,000 adjusted basis in the old car plus the $20,000 cash paid). File for a tax extension free Paul's unadjusted basis is $25,000 unless he claims the section 179 deduction, special depreciation allowance, or has other increases or decreases to his original basis, discussed under Unadjusted basis , earlier. File for a tax extension free Traded car used partly in business. File for a tax extension free   If you trade in a car you used partly in your business for a new car you will use in your business, you must make a “trade-in” adjustment for the personal use of the old car. File for a tax extension free This adjustment has the effect of reducing your basis in your old car, but not below zero, for purposes of figuring your depreciation deduction for the new car. File for a tax extension free (This adjustment is not used, however, when you determine the gain or loss on the later disposition of the new car. File for a tax extension free See Publication 544, Sales and Other Dispositions of Assets, for information on how to report the disposition of your car. File for a tax extension free )   To figure the unadjusted basis of your new car for depreciation, first add to your adjusted basis in the old car any additional amount you pay for the new car. File for a tax extension free Then subtract from that total the excess, if any, of: The total of the amounts that would have been allowable as depreciation during the tax years before the trade if 100% of the use of the car had been business and investment use, over The total of the amounts actually allowed as depreciation during those years. File for a tax extension free For information about figuring depreciation, see Modified Accelerated Cost Recovery System (MACRS) , which follows Example 2, later. File for a tax extension free Modified Accelerated Cost Recovery System (MACRS). File for a tax extension free   The Modified Accelerated Cost Recovery System (MACRS) is the name given to the tax rules for getting back (recovering) through depreciation deductions the cost of property used in a trade or business or to produce income. File for a tax extension free   The maximum amount you can deduct is limited, depending on the year you placed your car in service. File for a tax extension free See Depreciation Limits , later. File for a tax extension free Recovery period. File for a tax extension free   Under MACRS, cars are classified as 5-year property. File for a tax extension free You actually depreciate the cost of a car, truck, or van over a period of 6 calendar years. File for a tax extension free This is because your car is generally treated as placed in service in the middle of the year, and you claim depreciation for one-half of both the first year and the sixth year. File for a tax extension free Depreciation deduction for certain Indian reservation property. File for a tax extension free   Shorter recovery periods are provided under MACRS for qualified Indian reservation property placed in service on Indian reservations after 1993 and before 2014. File for a tax extension free The recovery that applies for a business-use car is 3 years instead of 5 years. File for a tax extension free However, the depreciation limits, discussed later, will still apply. File for a tax extension free   For more information on the qualifications for this shorter recovery period and the percentages to use in figuring the depreciation deduction, see chapter 4 of Publication 946. File for a tax extension free Depreciation methods. File for a tax extension free   You can use one of the following methods to depreciate your car. File for a tax extension free The 200% declining balance method (200% DB) over a 5-year recovery period that switches to the straight line method when that method provides an equal or greater deduction. File for a tax extension free The 150% declining balance method (150% DB) over a 5-year recovery period that switches to the straight line method when that method provides an equal or greater deduction. File for a tax extension free The straight line method (SL) over a 5-year recovery period. File for a tax extension free    If you use Table 4-1 (discussed later under MACRS depreciation chart) to determine your depreciation rate for 2013, you do not need to determine in what year using the straight line method provides an equal or greater deduction. File for a tax extension free This is because the chart has the switch to the straight line method built into its rates. File for a tax extension free   Before choosing a method, you may wish to consider the following facts. File for a tax extension free Using the straight line method provides equal yearly deductions throughout the recovery period. File for a tax extension free Using the declining balance methods provides greater deductions during the earlier recovery years with the deductions generally getting smaller each year. File for a tax extension free MACRS depreciation chart. File for a tax extension free   A 2013 MACRS Depreciation Chart and instructions are included in this chapter as Table 4-1 . File for a tax extension free Using this table will make it easy for you to figure the 2013 depreciation deduction for your car. File for a tax extension free A similar chart appears in the Instructions for Form 2106. File for a tax extension free    You may have to use the tables in Publication 946 instead of using this MACRS Depreciation Chart. File for a tax extension free   You must use the Depreciation Tables in Publication 946 rather than the 2013 MACRS Depreciation Chart in this publication if any one of the following four conditions applies to you. File for a tax extension free You file your return on a fiscal year basis. File for a tax extension free You file your return for a short tax year (less than 12 months). File for a tax extension free During the year, all of the following conditions apply. File for a tax extension free You placed some property in service from January through September. File for a tax extension free You placed some property in service from October through December. File for a tax extension free Your basis in the property you placed in service from October through December (excluding nonresidential real property, residential rental property, and property placed in service and disposed of in the same year) was more than 40% of your total bases in all property you placed in service during the year. File for a tax extension free   You placed qualified property in service on an Indian reservation. File for a tax extension free Depreciation in future years. File for a tax extension free   If you use the percentages from the chart, you generally must continue to use them for the entire recovery period of your car. File for a tax extension free However, you cannot continue to use the chart if your basis in your car is adjusted because of a casualty. File for a tax extension free In that case, for the year of the adjustment and the remaining recovery period, figure the depreciation without the chart using your adjusted basis in the car at the end of the year of the adjustment and over the remaining recovery period. File for a tax extension free See Figuring the Deduction Without Using the Tables in chapter 4 of Publication 946. File for a tax extension free    In future years, do not use the chart in this edition of the publication. File for a tax extension free Instead, use the chart in the publication or the form instructions for those future years. File for a tax extension free Disposition of car during recovery period. File for a tax extension free   If you dispose of the car before the end of the recovery period, you are generally allowed a half year of depreciation in the year of disposition unless you purchased the car during the last quarter of a year. File for a tax extension free See Depreciation deduction for the year of disposition under Disposition of a Car, later, for information on how to figure the depreciation allowed in the year of disposition. File for a tax extension free How to use the 2013 chart. File for a tax extension free   To figure your depreciation deduction for 2013, find the percentage in the column of Table 4-1 based on the date that you first placed the car in service and the depreciation method that you are using. File for a tax extension free Multiply the unadjusted basis of your car (defined earlier) by that percentage to determine the amount of your depreciation deduction. File for a tax extension free If you prefer to figure your depreciation deduction without the help of the chart, see Publication 946. File for a tax extension free    Your deduction cannot be more than the maximum depreciation limit for cars. File for a tax extension free See Depreciation Limits, later. File for a tax extension free Example. File for a tax extension free Phil bought a used truck in February 2012 to use exclusively in his landscape business. File for a tax extension free He paid $9,200 for the truck with no trade-in. File for a tax extension free Phil did not claim any section 179 deduction, the truck did not qualify for the special depreciation allowance, and he chose to use the 200% DB method to get the largest depreciation deduction in the early years. File for a tax extension free Phil used the MACRS depreciation chart in 2012 to find his percentage. File for a tax extension free The unadjusted basis of his truck equals its cost because Phil used it exclusively for business. File for a tax extension free He multiplied the unadjusted basis of his truck, $9,200, by the percentage that applied, 20%, to figure his 2012 depreciation deduction of $1,840. File for a tax extension free In 2013, Phil used the truck for personal purposes when he repaired his father's cabin. File for a tax extension free His records show that the business use of his truck was 90% in 2013. File for a tax extension free Phil used Table 4-1 to find his percentage. File for a tax extension free Reading down the first column for the date placed in service and across to the 200% DB column, he locates his percentage, 32%. File for a tax extension free He multiplies the unadjusted basis of his truck, $8,280 ($9,200 cost × 90% business use), by 32% to figure his 2013 depreciation deduction of $2,650. File for a tax extension free Depreciation Limits There are limits on the amount you can deduct for depreciation of your car, truck, or van. File for a tax extension free The section 179 deduction and special depreciation allowance are treated as depreciation for purposes of the limits. File for a tax extension free The maximum amount you can deduct each year depends on the year you place the car in service. File for a tax extension free These limits are shown in the following tables. File for a tax extension free   Maximum Depreciation Deduction for Cars Date       4th & Placed 1st 2nd 3rd Later In Service Year Year Year Years 2012–2013 $11,1601 $5,100 $3,050 $1,875 2010–2011 11,0602 4,900 2,950 1,775 2008–2009 10,9603 4,800 2,850 1,775 2007 3,060 4,900 2,850 1,775 2006 2,960 4,800 2,850 1,775 2005 2,960 4,700 2,850 1,675 2004 10,6103 4,800 2,850 1,675 5/06/2003– 12/31/2003 10,7104 4,900 2,950 1,775 1/01/2003– 5/05/2003 7,6605 4,900 2,950 1,775 2001–2002 7,6605 4,900 2,950 1,775 2000 3,060 4,900 2,950 1,775 1$3,160 if the car is not qualified property or if you elect not to claim the special depreciation allowance. File for a tax extension free 2$3,060 if the car is not qualified property or if you elect not to claim the special depreciation allowance. File for a tax extension free 3$2,960 if the car is not qualified property or if you elect not to claim the special depreciation allowance. File for a tax extension free 4$7,660 if you acquired the car before 5/6/2003. File for a tax extension free $3,060 if the car is not qualified property or if you elect not to claim any special depreciation allowance. File for a tax extension free 5$3,060 if you acquired the car before 9/11/2001, the car is not qualified property, or you elect not to claim the special depreciation allowance. File for a tax extension free Trucks and vans. File for a tax extension free   For 2013, the maximum depreciation deductions for trucks and vans are generally higher than those for cars. File for a tax extension free A truck or van is a passenger automobile that is classified by the manufacturer as a truck or van and rated at 6,000 pounds gross vehicle weight or less. File for a tax extension free For trucks and vans placed in service before 2003, use the Maximum Depreciation Deduction for Cars table. File for a tax extension free Maximum Depreciation Deduction for Trucks and Vans Date       4th & Placed 1st 2nd 3rd Later In Service Year Year Year Years 2013 $11,3601 $5,400 $3,250 $1,975 2012 $11,3601 $5,300 $3,150 $1,875 2011 11,2601 5,200 3,150 1,875 2010 11,1601 5,100 3,050 1,875 2009 11,0601 4,900 2,950 1,775 2008 11,1601 5,100 3,050 1,875 2007 3,260 5,200 3,050 1,875 2005–2006 3,260 5,200 3,150 1,875 2004 10,9101 5,300 3,150 1,875 2003 11,0101,2 5,400 3,250 1,975 1If the special depreciation allowance does not apply or you make the election not to claim the special depreciation allowance, the first-year limit is $3,360 for 2012 and 2013, $3,260 for 2011, $3,160 for 2010, $3,060 for 2009, $3,160 for 2008, $3,260 for 2004, and $3,360 for 2003. File for a tax extension free 2If the truck or van was acquired before 5/06/2003, the truck or van is qualified property, and you claim the special depreciation allowance for the truck or van, the maximum deduction is $7,960. File for a tax extension free Car used less than full year. File for a tax extension free   The depreciation limits are not reduced if you use a car for less than a full year. File for a tax extension free This means that you do not reduce the limit when you either place a car in service or dispose of a car during the year. File for a tax extension free However, the depreciation limits are reduced if you do not use the car exclusively for business and investment purposes. File for a tax extension free See Reduction for personal use , next. File for a tax extension free Reduction for personal use. File for a tax extension free   The depreciation limits are reduced based on your percentage of personal use. File for a tax extension free If you use a car less than 100% in your business or work, you must determine the depreciation deduction limit by multiplying the limit amount by the percentage of business and investment use during the tax year. File for a tax extension free Section 179 deduction. File for a tax extension free   The section 179 deduction is treated as a depreciation deduction. File for a tax extension free If you place a car that is not a truck or van in service in 2013, use it only for business, and choose the section 179 deduction, the special depreciation allowance, and the depreciation deduction for that car for 2013 is limited to $11,160. File for a tax extension free Example. File for a tax extension free On September 4, 2013, Jack bought a used car for $10,000 and placed it in service. File for a tax extension free He used it 80% for his business, and he chooses to take a section 179 deduction for the car. File for a tax extension free The car is not qualified property for purposes of the special depreciation allowance. File for a tax extension free Before applying the limit, Jack figures his maximum section 179 deduction to be $8,000. File for a tax extension free This is the cost of his qualifying property (up to the maximum $500,000 amount) multiplied by his business use ($10,000 × 80%). File for a tax extension free Jack then figures that his section 179 deduction for 2013 is limited to $2,528 (80% of $3,160). File for a tax extension free He then figures his unadjusted basis of $5,472 (($10,000 × 80%) − $2,528) for determining his depreciation deduction. File for a tax extension free Jack has reached his maximum depreciation deduction for 2013. File for a tax extension free For 2014, Jack will use his unadjusted basis of $5,472 to figure his depreciation deduction. File for a tax extension free Deductions in years after the recovery period. File for a tax extension free   If the depreciation deductions for your car are reduced under the passenger automobile limits (discussed earlier), you will have unrecovered basis in your car at the end of the recovery period. File for a tax extension free If you continue to use your car for business, you can deduct that unrecovered basis (subject to depreciation limits) after the recovery period ends. File for a tax extension free Unrecovered basis. File for a tax extension free   This is your cost or other basis in the car reduced by any clean-fuel vehicle deduction (for vehicles placed in service before January 1, 2006), alternative motor vehicle credit, electric vehicle credit, gas guzzler tax, and depreciation (including any special depreciation allowance , discussed earlier, unless you elect not to claim it) and section 179 deductions that would have been allowable if you had used the car 100% for business and investment use. File for a tax extension free The recovery period. File for a tax extension free   For 5-year property, your recovery period is 6 calendar years. File for a tax extension free A part year's depreciation is allowed in the first calendar year, a full year's depreciation is allowed in each of the next 4 calendar years, and a part year's depreciation is allowed in the 6th calendar year. File for a tax extension free   Under MACRS, your recovery period is the same whether you use declining balance or straight line depreciation. File for a tax extension free You determine your unrecovered basis in the 7th year after you placed the car in service. File for a tax extension free How to treat unrecovered basis. File for a tax extension free   If you continue to use your car for business after the recovery period, you can claim a depreciation deduction in each succeeding tax year until you recover your basis in the car. File for a tax extension free The maximum amount you can deduct each year is determined by the date you placed the car in service and your business-use percentage. File for a tax extension free For example, no deduction is allowed for a year you use your car 100% for personal purposes. File for a tax extension free Example. File for a tax extension free In April 2007, Bob bought and placed in service a car he used exclusively in his business. File for a tax extension free The car cost $31,500. File for a tax extension free Bob did not claim a section 179 deduction or the special depreciation allowance for the car. File for a tax extension free He continued to use the car 100% in his business throughout the recovery period (2007 through 2012). File for a tax extension free For those years, Bob used the MACRS Depreciation Chart (200% declining balance method) and the Maximum Depreciation Deduction for Cars table, earlier, for the applicable tax year to compute his depreciation deductions during the recovery period. File for a tax extension free Bob's depreciation deductions were subject to the depreciation limits so he will have unrecovered basis at the end of the recovery period as shown in the following table. File for a tax extension free      MACRS     Deprec. File for a tax extension free Year % Amount Limit Allowed 2007 20. File for a tax extension free 00 $6,300 $3,060 $ 3,060 2008 32. File for a tax extension free 00 10,080 4,900 4,900 2009 19. File for a tax extension free 20 6,048 2,850 2,850 2010 11. File for a tax extension free 52 3,629 1,775 1,775 2011 11. File for a tax extension free 52 3,629 1,775 1,775 2012 5. File for a tax extension free 76 1,814 1,775 1,775 Total $31,500   16,135 For the correct limit, see Maximum Depreciation Deduction for Cars under “Depreciation Limits,” earlier, for the maximum amount of depreciation allowed each year. File for a tax extension free   At the end of 2012, Bob had an unrecovered basis in the car of $15,365 ($31,500 – $16,135). File for a tax extension free If Bob continued to use the car 100% for business in 2013 and later years, he can claim a depreciation deduction equal to the lesser of $1,775 or his remaining unrecovered basis. File for a tax extension free   If Bob's business use of the car was less than 100% during any year, his depreciation deduction would be less than the maximum amount allowable for that year. File for a tax extension free However, in determining his unrecovered basis in the car, he would still reduce his original basis by the maximum amount allowable as if the business use had been 100%. File for a tax extension free For example, if Bob had used his car 60% for business instead of 100%, his allowable depreciation deductions would have been $9,681 ($16,135 × 60%), but he still would have to reduce his basis by $16,135 to determine his unrecovered basis. File for a tax extension free Table 4-1. File for a tax extension free 2013 MACRS Depreciation Chart (Use to Figure Depreciation for 2013. File for a tax extension free ) If you claim actual expenses for your car, use the chart below to find the depreciation method and percentage to use for your 2013 return for cars placed in service in 2013. File for a tax extension free   First, using the left column, find the date you first placed the car in service in 2013. File for a tax extension free Then select the depreciation method and percentage from column (a), (b), or (c) following the rules explained in this chapter. File for a tax extension free For cars placed in service before 2013, you must use the same method you used on last year's return unless a decline in your business use requires you to change to the straight line method. File for a tax extension free Refer back to the MACRS Depreciation Chart for the year you placed the car in service. File for a tax extension free (See Car Used 50% or Less for Business . File for a tax extension free )  Multiply the unadjusted basis of your car by your business use percentage. File for a tax extension free Multiply the result by the percentage you found in the chart to find the amount of your depreciation deduction for 2013. File for a tax extension free (Also see Depreciation Limits . File for a tax extension free )   If you placed your car in service after September of any year and you placed other business property in service during the same year, you may have to use the Jan. File for a tax extension free 1—Sept. File for a tax extension free 30 percentage instead of the Oct. File for a tax extension free 1—Dec. File for a tax extension free 31 percentage for your car. File for a tax extension free               To find out if this applies to you, determine: 1) the basis of all business property you placed in service after September of that year and 2) the basis of all business property you placed in service during that entire year. File for a tax extension free If the basis of the property placed in service after September is not more than 40% of the basis of all property (certain property is excluded) placed in service for the entire year, use the percentage for Jan. File for a tax extension free 1—Sept. File for a tax extension free 30 for figuring depreciation for your car. File for a tax extension free See Which Convention Applies? in chapter 4 of Publication 946 for more details. File for a tax extension free               Example. File for a tax extension free You buy machinery (basis of $32,000) in May 2013 and a new van (basis of $20,000) in October 2013, both used 100% in your business. File for a tax extension free You