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File tax extension 11. File tax extension   Social Security and Equivalent Railroad Retirement Benefits Table of Contents Introduction Useful Items - You may want to see: Are Any of Your Benefits Taxable? How To Report Your BenefitsHow Much Is Taxable? Examples Deductions Related to Your BenefitsRepayments More Than Gross Benefits Introduction This chapter explains the federal income tax rules for social security benefits and equivalent tier 1 railroad retirement benefits. File tax extension It explains the following topics. File tax extension How to figure whether your benefits are taxable. File tax extension How to use the social security benefits worksheet (with examples). File tax extension How to report your taxable benefits. File tax extension How to treat repayments that are more than the benefits you received during the year. File tax extension Social security benefits include monthly retirement, survivor, and disability benefits. File tax extension They do not include supplemental security income (SSI) payments, which are not taxable. File tax extension Equivalent tier 1 railroad retirement benefits are the part of tier 1 benefits that a railroad employee or beneficiary would have been entitled to receive under the social security system. File tax extension They are commonly called the social security equivalent benefit (SSEB) portion of tier 1 benefits. File tax extension If you received these benefits during 2013, you should have received a Form SSA-1099, Social Security Benefit Statement, or Form RRB-1099, Payments by the Railroad Retirement Board. File tax extension These forms show the amounts received and repaid, and taxes withheld for the year. File tax extension You may receive more than one of these forms for the same year. File tax extension You should add the amounts shown on all the Forms SSA-1099 and Forms RRB-1099 you receive for the year to determine the total amounts received and repaid, and taxes withheld for that year. File tax extension See the Appendix at the end of Publication 915 for more information. File tax extension Note. File tax extension When the term “benefits” is used in this chapter, it applies to both social security benefits and the SSEB portion of tier 1 railroad retirement benefits. File tax extension What is not covered in this chapter. File tax extension   This chapter does not cover the tax rules for the following railroad retirement benefits. File tax extension Non-social security equivalent benefit (NSSEB) portion of tier 1 benefits. File tax extension Tier 2 benefits. File tax extension Vested dual benefits. File tax extension Supplemental annuity benefits. File tax extension For information on these benefits, see Publication 575, Pension and Annuity Income. File tax extension   This chapter does not cover the tax rules for social security benefits reported on Form SSA-1042S, Social Security Benefit Statement, or Form RRB-1042S, Statement for Nonresident Alien Recipients of: Payments by the Railroad Retirement Board. File tax extension For information about these benefits, see Publication 519, U. File tax extension S. File tax extension Tax Guide for Aliens, and Publication 915, Social Security and Equivalent Railroad Retirement Benefits. File tax extension   This chapter also does not cover the tax rules for foreign social security benefits. File tax extension These benefits are taxable as annuities, unless they are exempt from U. File tax extension S. File tax extension tax or treated as a U. File tax extension S. File tax extension social security benefit under a tax treaty. File tax extension Useful Items - You may want to see: Publication 505 Tax Withholding and Estimated Tax 575 Pension and Annuity Income 590 Individual Retirement Arrangements (IRAs) 915 Social Security and Equivalent Railroad Retirement Benefits Forms (and Instructions) 1040-ES Estimated Tax for Individuals SSA-1099 Social Security Benefit Statement RRB-1099 Payments by the Railroad Retirement Board W-4V Voluntary Withholding Request Are Any of Your Benefits Taxable? To find out whether any of your benefits may be taxable, compare the base amount for your filing status with the total of: One-half of your benefits, plus All your other income, including tax-exempt interest. File tax extension When making this comparison, do not reduce your other income by any exclusions for: Interest from qualified U. File tax extension S. File tax extension savings bonds, Employer-provided adoption benefits, Foreign earned income or foreign housing, or Income earned by bona fide residents of American Samoa or Puerto Rico. File tax extension Children's benefits. File tax extension   The rules in this chapter apply to benefits received by children. File tax extension See Who is taxed , later. File tax extension Figuring total income. File tax extension   To figure the total of one-half of your benefits plus your other income, use Worksheet 11-1 later in this discussion. File tax extension If the total is more than your base amount, part of your benefits may be taxable. File tax extension    If you are married and file a joint return for 2013, you and your spouse must combine your incomes and your benefits to figure whether any of your combined benefits are taxable. File tax extension Even if your spouse did not receive any benefits, you must add your spouse's income to yours to figure whether any of your benefits are taxable. File tax extension    If the only income you received during 2013 was your social security or the SSEB portion of tier 1 railroad retirement benefits, your benefits generally are not taxable and you probably do not have to file a return. File tax extension If you have income in addition to your benefits, you may have to file a return even if none of your benefits are taxable. File tax extension Base amount. File tax extension   Your base amount is: $25,000 if you are single, head of household, or qualifying widow(er), $25,000 if you are married filing separately and lived apart from your spouse for all of 2013, $32,000 if you are married filing jointly, or $-0- if you are married filing separately and lived with your spouse at any time during 2013. File tax extension Worksheet 11-1. File tax extension   You can use Worksheet 11-1 to figure the amount of income to compare with your base amount. File tax extension This is a quick way to check whether some of your benefits may be taxable. File tax extension Worksheet 11-1. File tax extension A Quick Way To Check if Your Benefits May Be Taxable A. File tax extension Enter the amount from box 5 of all your Forms SSA-1099 and RRB-1099. File tax extension Include the full amount of any lump-sum benefit payments received in 2013, for 2013 and earlier years. File tax extension (If you received more than one form, combine the amounts from box 5 and enter the total. File tax extension ) A. File tax extension   Note. File tax extension If the amount on line A is zero or less, stop here; none of your benefits are taxable this year. File tax extension B. File tax extension Enter one-half of the amount on line A B. File tax extension   C. File tax extension Enter your taxable pensions, wages, interest, dividends, and other taxable income C. File tax extension   D. File tax extension Enter any tax-exempt interest income (such as interest on municipal bonds) plus any exclusions from income (listed earlier) D. File tax extension   E. File tax extension Add lines B, C, and D E. File tax extension   Note. File tax extension Compare the amount on line E to your base amount for your filing status. File tax extension If the amount on line E equals or is less than the base amount for your filing status, none of your benefits are taxable this year. File tax extension If the amount on line E is more than your base amount, some of your benefits may be taxable. File tax extension You need to complete Worksheet 1 in Publication 915 (or the Social Security Benefits Worksheet in your tax form instructions). File tax extension If none of your benefits are taxable, but you otherwise must file a tax return, see Benefits not taxable , later, under How To Report Your Benefits. File tax extension Example. File tax extension You and your spouse (both over 65) are filing a joint return for 2013 and you both received social security benefits during the year. File tax extension In January 2014, you received a Form SSA-1099 showing net benefits of $7,500 in box 5. File tax extension Your spouse received a Form SSA-1099 showing net benefits of $3,500 in box 5. File tax extension You also received a taxable pension of $22,800 and interest income of $500. File tax extension You did not have any tax-exempt interest income. File tax extension Your benefits are not taxable for 2013 because your income, as figured in Worksheet 11-1, is not more than your base amount ($32,000) for married filing jointly. File tax extension Even though none of your benefits are taxable, you must file a return for 2013 because your taxable gross income ($23,300) exceeds the minimum filing requirement amount for your filing status. File tax extension Filled-in Worksheet 11-1. File tax extension A Quick Way To Check if Your Benefits May Be Taxable A. File tax extension Enter the amount from box 5 of all your Forms SSA-1099 and RRB-1099. File tax extension Include the full amount of any lump-sum benefit payments received in 2013, for 2013 and earlier years. File tax extension (If you received more than one form, combine the amounts from box 5 and enter the total. File tax extension ) A. File tax extension $11,000 Note. File tax extension If the amount on line A is zero or less, stop here; none of your benefits are taxable this year. File tax extension B. File tax extension Enter one-half of the amount on line A B. File tax extension 5,500 C. File tax extension Enter your taxable pensions, wages, interest, dividends, and other taxable income C. File tax extension 23,300 D. File tax extension Enter any tax-exempt interest income (such as interest on municipal bonds) plus any exclusions from income (listed earlier) D. File tax extension -0- E. File tax extension Add lines B, C, and D E. File tax extension $28,800 Note. File tax extension Compare the amount on line E to your base amount for your filing status. File tax extension If the amount on line E equals or is less than the base amount for your filing status, none of your benefits are taxable this year. File tax extension If the amount on line E is more than your base amount, some of your benefits may be taxable. File tax extension You need to complete Worksheet 1 in Publication 915 (or the Social Security Benefits Worksheet in your tax form instructions). File tax extension If none of your benefits are taxable, but you otherwise must file a tax return, see Benefits not taxable , later, under How To Report Your Benefits. File tax extension Who is taxed. File tax extension   Benefits are included in the taxable income (to the extent they are taxable) of the person who has the legal right to receive the benefits. File tax extension For example, if you and your child receive benefits, but the check for your child is made out in your name, you must use only your part of the benefits to see whether any benefits are taxable to you. File tax extension One-half of the part that belongs to your child must be added to your child's other income to see whether any of those benefits are taxable to your child. File tax extension Repayment of benefits. File tax extension   Any repayment of benefits you made during 2013 must be subtracted from the gross benefits you received in 2013. File tax extension It does not matter whether the repayment was for a benefit you received in 2013 or in an earlier year. File tax extension If you repaid more than the gross benefits you received in 2013, see Repayments More Than Gross Benefits , later. File tax extension   Your gross benefits are shown in box 3 of Form SSA-1099 or RRB-1099. File tax extension Your repayments are shown in box 4. File tax extension The amount in box 5 shows your net benefits for 2013 (box 3 minus box 4). File tax extension Use the amount in box 5 to figure whether any of your benefits are taxable. File tax extension Tax withholding and estimated tax. File tax extension   You can choose to have federal income tax withheld from your social security benefits and/or the SSEB portion of your tier 1 railroad retirement benefits. File tax extension If you choose to do this, you must complete a Form W-4V. File tax extension   If you do not choose to have income tax withheld, you may have to request additional withholding from other income or pay estimated tax during the year. File tax extension For details, see Publication 505 or the instructions for Form 1040-ES. File tax extension How To Report Your Benefits If part of your benefits are taxable, you must use Form 1040 or Form 1040A. File tax extension You cannot use Form 1040EZ. File tax extension Reporting on Form 1040. File tax extension   Report your net benefits (the total amount from box 5 of all your Forms SSA-1099 and Forms RRB-1099) on line 20a and the taxable part on line 20b. File tax extension If you are married filing separately and you lived apart from your spouse for all of 2013, also enter “D” to the right of the word “benefits” on line 20a. File tax extension Reporting on Form 1040A. File tax extension   Report your net benefits (the total amount from box 5 of all your Forms SSA-1099 and Forms RRB-1099) on line 14a and the taxable part on line 14b. File tax extension If you are married filing separately and you lived apart from your spouse for all of 2013, also enter “D” to the right of the word “benefits” on line 14a. File tax extension Benefits not taxable. File tax extension   If you are filing Form 1040EZ, do not report any benefits on your tax return. File tax extension If you are filing Form 1040 or Form 1040A, report your net benefits (the total amount from box 5 of all your Forms SSA-1099 and Forms RRB-1099) on Form 1040, line 20a, or Form 1040A, line 14a. File tax extension Enter -0- on Form 1040, line 20b, or Form 1040A, line 14b. File tax extension If you are married filing separately and you lived apart from your spouse for all of 2013, also enter “D” to the right of the word “benefits” on Form 1040, line 20a, or Form 1040A, line 14a. File tax extension How Much Is Taxable? If part of your benefits are taxable, how much is taxable depends on the total amount of your benefits and other income. File tax extension Generally, the higher that total amount, the greater the taxable part of your benefits. File tax extension Maximum taxable part. File tax extension   Generally, up to 50% of your benefits will be taxable. File tax extension However, up to 85% of your benefits can be taxable if either of the following situations applies to you. File tax extension The total of one-half of your benefits and all your other income is more than $34,000 ($44,000 if you are married filing jointly). File tax extension You are married filing separately and lived with your spouse at any time during 2013. File tax extension Which worksheet to use. File tax extension   A worksheet you can use to figure your taxable benefits is in the instructions for your Form 1040 or Form 1040A. File tax extension You can use either that worksheet or Worksheet 1 in Publication 915, unless any of the following situations applies to you. File tax extension You contributed to a traditional individual retirement arrangement (IRA) and you or your spouse is covered by a retirement plan at work. File tax extension In this situation, you must use the special worksheets in Appendix B of Publication 590 to figure both your IRA deduction and your taxable benefits. File tax extension Situation (1) does not apply and you take an exclusion for interest from qualified U. File tax extension S. File tax extension savings bonds (Form 8815), for adoption benefits (Form 8839), for foreign earned income or housing (Form 2555 or Form 2555-EZ), or for income earned in American Samoa (Form 4563) or Puerto Rico by bona fide residents. File tax extension In this situation, you must use Worksheet 1 in Publication 915 to figure your taxable benefits. File tax extension You received a lump-sum payment for an earlier year. File tax extension In this situation, also complete Worksheet 2 or 3 and Worksheet 4 in Publication 915. File tax extension See Lump-sum election next. File tax extension Lump-sum election. File tax extension   You must include the taxable part of a lump-sum (retroactive) payment of benefits received in 2013 in your 2013 income, even if the payment includes benefits for an earlier year. File tax extension    This type of lump-sum benefit payment should not be confused with the lump-sum death benefit that both the SSA and RRB pay to many of their beneficiaries. File tax extension No part of the lump-sum death benefit is subject to tax. File tax extension   Generally, you use your 2013 income to figure the taxable part of the total benefits received in 2013. File tax extension However, you may be able to figure the taxable part of a lump-sum payment for an earlier year separately, using your income for the earlier year. File tax extension You can elect this method if it lowers your taxable benefits. File tax extension Making the election. File tax extension   If you received a lump-sum benefit payment in 2013 that includes benefits for one or more earlier years, follow the instructions in Publication 915 under Lump-Sum Election to see whether making the election will lower your taxable benefits. File tax extension That discussion also explains how to make the election. File tax extension    Because the earlier year's taxable benefits are included in your 2013 income, no adjustment is made to the earlier year's return. File tax extension Do not file an amended return for the earlier year. File tax extension Examples The following are a few examples you can use as a guide to figure the taxable part of your benefits. File tax extension Example 1. File tax extension George White is single and files Form 1040 for 2013. File tax extension He received the following income in 2013: Fully taxable pension $18,600 Wages from part-time job 9,400 Taxable interest income 990 Total $28,990 George also received social security benefits during 2013. File tax extension The Form SSA-1099 he received in January 2014 shows $5,980 in box 5. File tax extension To figure his taxable benefits, George completes the worksheet shown here. File tax extension Filled-in Worksheet 1. File tax extension Figuring Your Taxable Benefits 1. File tax extension Enter the total amount from box 5 of ALL your Forms SSA-1099 and RRB-1099. File tax extension Also enter this amount on Form 1040, line 20a, or Form 1040A, line 14a $5,980 2. File tax extension Enter one-half of line 1 2,990 3. File tax extension Combine the amounts from:     Form 1040: Lines 7, 8a, 9a, 10 through 14, 15b, 16b, 17 through 19, and 21. File tax extension     Form 1040A: Lines 7, 8a, 9a, 10, 11b, 12b, and 13 28,990 4. File tax extension Enter the amount, if any, from Form 1040 or 1040A, line 8b -0-       5. File tax extension Enter the total of any exclusions/adjustments for: Adoption benefits (Form 8839, line 28), Foreign earned income or housing (Form 2555, lines 45 and 50, or Form 2555-EZ, line 18), and Certain income of bona fide residents of American Samoa (Form 4563, line 15) or Puerto Rico -0-       6. File tax extension Combine lines 2, 3, 4, and 5 31,980 7. File tax extension Form 1040 filers: Enter the amount from Form 1040, lines 23 through 32, and any write-in adjustments you entered on the dotted line next to line 36. File tax extension     Form 1040A filers: Enter the amount from Form 1040A, lines 16 and 17 -0- 8. File tax extension Is the amount on line 7 less than the amount on line 6?     No. File tax extension None of your social security benefits are taxable. File tax extension Enter -0- on Form 1040, line 20b, or Form 1040A, line 14b. File tax extension   Yes. File tax extension Subtract line 7 from line 6 31,980 9. File tax extension If you are: Married filing jointly, enter $32,000 Single, head of household, qualifying widow(er), or married filing separately and you lived apart from your spouse for all of 2013, enter $25,000 25,000   Note. File tax extension If you are married filing separately and you lived with your spouse at any time in 2013, skip lines 9 through 16; multiply line 8 by 85% (. File tax extension 85) and enter the result on line 17. File tax extension Then go to line 18. File tax extension   10. File tax extension Is the amount on line 9 less than the amount on line 8?     No. File tax extension None of your benefits are taxable. File tax extension Enter -0- on Form 1040, line 20b, or on Form 1040A, line 14b. File tax extension If you are married filing separately and you lived apart from your spouse for all of 2013, be sure you entered “D” to the right of the word “benefits” on Form 1040, line 20a, or on Form 1040A, line 14a. File tax extension     Yes. File tax extension Subtract line 9 from line 8 6,980 11. File tax extension Enter $12,000 if married filing jointly; $9,000 if single, head of household, qualifying widow(er), or married filing separately and you lived apart from your spouse for all of 2013 9,000 12. File tax extension Subtract line 11 from line 10. File tax extension If zero or less, enter -0- -0- 13. File tax extension Enter the smaller of line 10 or line 11 6,980 14. File tax extension Enter one-half of line 13 3,490 15. File tax extension Enter the smaller of line 2 or line 14 2,990 16. File tax extension Multiply line 12 by 85% (. File tax extension 85). File tax extension If line 12 is zero, enter -0- -0- 17. File tax extension Add lines 15 and 16 2,990 18. File tax extension Multiply line 1 by 85% (. File tax extension 85) 5,083 19. File tax extension Taxable benefits. File tax extension Enter the smaller of line 17 or line 18. File tax extension Also enter this amount on Form 1040, line 20b, or Form 1040A, line 14b $2,990 The amount on line 19 of George's worksheet shows that $2,990 of his social security benefits is taxable. File tax extension On line 20a of his Form 1040, George enters his net benefits of $5,980. File tax extension On line 20b, he enters his taxable benefits of $2,990. File tax extension Example 2. File tax extension Ray and Alice Hopkins file a joint return on Form 1040A for 2013. File tax extension Ray is retired and received a fully taxable pension of $15,500. File tax extension He also received social security benefits, and his Form SSA-1099 for 2013 shows net benefits of $5,600 in box 5. File tax extension Alice worked during the year and had wages of $14,000. File tax extension She made a deductible payment to her IRA account of $1,000. File tax extension Ray and Alice have two savings accounts with a total of $250 in taxable interest income. File tax extension They complete Worksheet 1, entering $29,750 ($15,500 + $14,000 + $250) on line 3. File tax extension They find none of Ray's social security benefits are taxable. File tax extension On Form 1040A, they enter $5,600 on line 14a and -0- on line 14b. File tax extension Filled-in Worksheet 1. File tax extension Figuring Your Taxable Benefits 1. File tax extension Enter the total amount from box 5 of ALL your Forms SSA-1099 and RRB-1099. File tax extension Also enter this amount on Form 1040, line 20a, or Form 1040A, line 14a $5,600 2. File tax extension Enter one-half of line 1 2,800 3. File tax extension Combine the amounts from:     Form 1040: Lines 7, 8a, 9a, 10 through 14, 15b, 16b, 17 through 19, and 21. File tax extension     Form 1040A: Lines 7, 8a, 9a, 10, 11b, 12b, and 13 29,750 4. File tax extension Enter the amount, if any, from Form 1040 or 1040A, line 8b -0-       5. File tax extension Enter the total of any exclusions/adjustments for: Adoption benefits (Form 8839, line 28), Foreign earned income or housing (Form 2555, lines 45 and 50, or Form 2555-EZ, line 18), and Certain income of bona fide residents of American Samoa (Form 4563, line 15) or Puerto Rico -0-       6. File tax extension Combine lines 2, 3, 4, and 5 32,550 7. File tax extension Form 1040 filers: Enter the amount from Form 1040, lines 23 through 32, and any write-in adjustments you entered on the dotted line next to line 36. File tax extension     Form 1040A filers: Enter the amount from Form 1040A, lines 16 and 17 1,000 8. File tax extension Is the amount on line 7 less than the amount on line 6?     No. File tax extension None of your social security benefits are taxable. File tax extension Enter -0- on Form 1040, line 20b, or Form 1040A, line 14b. File tax extension   Yes. File tax extension Subtract line 7 from line 6 31,550 9. File tax extension If you are: Married filing jointly, enter $32,000 Single, head of household, qualifying widow(er), or married filing separately and you lived apart from your spouse for all of 2013, enter $25,000 32,000   Note. File tax extension If you are married filing separately and you lived with your spouse at any time in 2013, skip lines 9 through 16; multiply line 8 by 85% (. File tax extension 85) and enter the result on line 17. File tax extension Then go to line 18. File tax extension   10. File tax extension Is the amount on line 9 less than the amount on line 8?     No. File tax extension None of your benefits are taxable. File tax extension Enter -0- on Form 1040, line 20b, or on Form 1040A, line 14b. File tax extension If you are married filing separately and you lived apart from your spouse for all of 2013, be sure you entered “D” to the right of the word “benefits” on Form 1040, line 20a, or on Form 1040A, line 14a. File tax extension     Yes. File tax extension Subtract line 9 from line 8   11. File tax extension Enter $12,000 if married filing jointly; $9,000 if single, head of household, qualifying widow(er), or married filing separately and you lived apart from your spouse for all of 2013   12. File tax extension Subtract line 11 from line 10. File tax extension If zero or less, enter -0-   13. File tax extension Enter the smaller of line 10 or line 11   14. File tax extension Enter one-half of line 13   15. File tax extension Enter the smaller of line 2 or line 14   16. File tax extension Multiply line 12 by 85% (. File tax extension 85). File tax extension If line 12 is zero, enter -0-   17. File tax extension Add lines 15 and 16   18. File tax extension Multiply line 1 by 85% (. File tax extension 85)   19. File tax extension Taxable benefits. File tax extension Enter the smaller of line 17 or line 18. File tax extension Also enter this amount on Form 1040, line 20b, or Form 1040A, line 14b   Example 3. File tax extension Joe and Betty Johnson file a joint return on Form 1040 for 2013. File tax extension Joe is a retired railroad worker and in 2013 received the social security equivalent benefit (SSEB) portion of tier 1 railroad retirement benefits. File tax extension Joe's Form RRB-1099 shows $10,000 in box 5. File tax extension Betty is a retired government worker and receives a fully taxable pension of $38,000. File tax extension They had $2,300 in taxable interest income plus interest of $200 on a qualified U. File tax extension S. File tax extension savings bond. File tax extension The savings bond interest qualified for the exclusion. File tax extension They figure their taxable benefits by completing Worksheet 1. File tax extension Because they have qualified U. File tax extension S. File tax extension savings bond interest, they follow the note at the beginning of the worksheet and use the amount from line 2 of their Schedule B (Form 1040A or 1040) on line 3 of the worksheet instead of the amount from line 8a of their Form 1040. File tax extension On line 3 of the worksheet, they enter $40,500 ($38,000 + $2,500). File tax extension Filled-in Worksheet 1. File tax extension Figuring Your Taxable Benefits Before you begin: • If you are married filing separately and you lived apart from your spouse for all of 2013, enter “D” to the right of the word “benefits” on Form 1040, line 20a, or Form 1040A, line 14a. File tax extension • Do not use this worksheet if you repaid benefits in 2013 and your total repayments (box 4 of Forms SSA-1099 and RRB-1099) were more than your gross benefits for 2013 (box 3 of Forms SSA-1099 and RRB-1099). File tax extension None of your benefits are taxable for 2013. File tax extension For more information, see Repayments More Than Gross Benefits. File tax extension • If you are filing Form 8815, Exclusion of Interest From Series EE and I U. File tax extension S. File tax extension Savings Bonds Issued After 1989, do not include the amount from line 8a of Form 1040 or Form 1040A on line 3 of this worksheet. File tax extension Instead, include the amount from Schedule B (Form 1040A or 1040), line 2. File tax extension 1. File tax extension Enter the total amount from box 5 of ALL your Forms SSA-1099 and RRB-1099. File tax extension Also enter this amount on Form 1040, line 20a, or Form 1040A, line 14a $10,000 2. File tax extension Enter one-half of line 1 5,000 3. File tax extension Combine the amounts from:     Form 1040: Lines 7, 8a, 9a, 10 through 14, 15b, 16b, 17 through 19, and 21. File tax extension     Form 1040A: Lines 7, 8a, 9a, 10, 11b, 12b, and 13 40,500 4. File tax extension Enter the amount, if any, from Form 1040 or 1040A, line 8b -0-       5. File tax extension Enter the total of any exclusions/adjustments for: Adoption benefits (Form 8839, line 28), Foreign earned income or housing (Form 2555, lines 45 and 50, or Form 2555-EZ, line 18), and Certain income of bona fide residents of American Samoa (Form 4563, line 15) or Puerto Rico -0-       6. File tax extension Combine lines 2, 3, 4, and 5 45,500 7. File tax extension Form 1040 filers: Enter the amount from Form 1040, lines 23 through 32, and any write-in adjustments you entered on the dotted line next to line 36. File tax extension     Form 1040A filers: Enter the amount from Form 1040A, lines 16 and 17 -0- 8. File tax extension Is the amount on line 7 less than the amount on line 6?     No. File tax extension None of your social security benefits are taxable. File tax extension Enter -0- on Form 1040, line 20b, or Form 1040A, line 14b. File tax extension   Yes. File tax extension Subtract line 7 from line 6 45,500 9. File tax extension If you are: Married filing jointly, enter $32,000 Single, head of household, qualifying widow(er), or married filing separately and you lived apart from your spouse for all of 2013, enter $25,000 32,000   Note. File tax extension If you are married filing separately and you lived with your spouse at any time in 2013, skip lines 9 through 16; multiply line 8 by 85% (. File tax extension 85) and enter the result on line 17. File tax extension Then go to line 18. File tax extension   10. File tax extension Is the amount on line 9 less than the amount on line 8?     No. File tax extension None of your benefits are taxable. File tax extension Enter -0- on Form 1040, line 20b, or on Form 1040A, line 14b. File tax extension If you are married filing separately and you lived apart from your spouse for all of 2013, be sure you entered “D” to the right of the word “benefits” on Form 1040, line 20a, or on Form 1040A, line 14a. File tax extension     Yes. File tax extension Subtract line 9 from line 8 13,500 11. File tax extension Enter $12,000 if married filing jointly; $9,000 if single, head of household, qualifying widow(er), or married filing separately and you lived apart from your spouse for all of 2013 12,000 12. File tax extension Subtract line 11 from line 10. File tax extension If zero or less, enter -0- 1,500 13. File tax extension Enter the smaller of line 10 or line 11 12,000 14. File tax extension Enter one-half of line 13 6,000 15. File tax extension Enter the smaller of line 2 or line 14 5,000 16. File tax extension Multiply line 12 by 85% (. File tax extension 85). File tax extension If line 12 is zero, enter -0- 1,275 17. File tax extension Add lines 15 and 16 6,275 18. File tax extension Multiply line 1 by 85% (. File tax extension 85) 8,500 19. File tax extension Taxable benefits. File tax extension Enter the smaller of line 17 or line 18. File tax extension Also enter this amount on Form 1040, line 20b, or Form 1040A, line 14b $6,275 More than 50% of Joe's net benefits are taxable because the income on line 8 of the worksheet ($45,500) is more than $44,000. File tax extension Joe and Betty enter $10,000 on Form 1040, line 20a, and $6,275 on Form 1040, line 20b. File tax extension Deductions Related to Your Benefits You may be entitled to deduct certain amounts related to the benefits you receive. File tax extension Disability payments. File tax extension   You may have received disability payments from your employer or an insurance company that you included as income on your tax return in an earlier year. File tax extension If you received a lump-sum payment from SSA or RRB, and you had to repay the employer or insurance company for the disability payments, you can take an itemized deduction for the part of the payments you included in gross income in the earlier year. File tax extension If the amount you repay is more than $3,000, you may be able to claim a tax credit instead. File tax extension Claim the deduction or credit in the same way explained under Repayments More Than Gross Benefits , later. File tax extension Legal expenses. File tax extension   You can usually deduct legal expenses that you pay or incur to produce or collect taxable income or in connection with the determination, collection, or refund of any tax. File tax extension   Legal expenses for collecting the taxable part of your benefits are deductible as a miscellaneous itemized deduction on Schedule A (Form 1040), line 23. File tax extension Repayments More Than Gross Benefits In some situations, your Form SSA-1099 or Form RRB-1099 will show that the total benefits you repaid (box 4) are more than the gross benefits (box 3) you received. File tax extension If this occurred, your net benefits in box 5 will be a negative figure (a figure in parentheses) and none of your benefits will be taxable. File tax extension Do not use a worksheet in this case. File tax extension If you receive more than one form, a negative figure in box 5 of one form is used to offset a positive figure in box 5 of another form for that same year. File tax extension If you have any questions about this negative figure, contact your local SSA office or your local RRB field office. File tax extension Joint return. File tax extension   If you and your spouse file a joint return, and your Form SSA-1099 or RRB-1099 has a negative figure in box 5, but your spouse's does not, subtract the amount in box 5 of your form from the amount in box 5 of your spouse's form. File tax extension You do this to get your net benefits when figuring if your combined benefits are taxable. File tax extension Example. File tax extension John and Mary file a joint return for 2013. File tax extension John received Form SSA-1099 showing $3,000 in box 5. File tax extension Mary also received Form SSA-1099 and the amount in box 5 was ($500). File tax extension John and Mary will use $2,500 ($3,000 minus $500) as the amount of their net benefits when figuring if any of their combined benefits are taxable. File tax extension Repayment of benefits received in an earlier year. File tax extension   If the total amount shown in box 5 of all of your Forms SSA-1099 and RRB-1099 is a negative figure, you can take an itemized deduction for the part of this negative figure that represents benefits you included in gross income in an earlier year. File tax extension Deduction $3,000 or less. File tax extension   If this deduction is $3,000 or less, it is subject to the 2%-of-adjusted-gross-income limit that applies to certain miscellaneous itemized deductions. File tax extension Claim it on Schedule A (Form 1040), line 23. File tax extension Deduction more than $3,000. File tax extension    If this deduction is more than $3,000, you should figure your tax two ways: Figure your tax for 2013 with the itemized deduction included on Schedule A, line 28. File tax extension Figure your tax for 2013 in the following steps. File tax extension Figure the tax without the itemized deduction included on Schedule A, line 28. File tax extension For each year after 1983 for which part of the negative figure represents a repayment of benefits, refigure your taxable benefits as if your total benefits for the year were reduced by that part of the negative figure. File tax extension Then refigure the tax for that year. File tax extension Subtract the total of the refigured tax amounts in (b) from the total of your actual tax amounts. File tax extension Subtract the result in (c) from the result in (a). File tax extension Compare the tax figured in methods (1) and (2). File tax extension Your tax for 2013 is the smaller of the two amounts. File tax extension If method (1) results in less tax, take the itemized deduction on Schedule A (Form 1040), line 28. File tax extension If method (2) results in less tax, claim a credit for the amount from step 2(c) above on Form 1040, line 71. File tax extension Check box d and enter “I. File tax extension R. File tax extension C. File tax extension 1341” in the space next to that box. File tax extension If both methods produce the same tax, deduct the repayment on Schedule A (Form 1040), line 28. File tax extension Prev  Up  Next   Home   More Online Publications
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Get your refund faster -- Tell IRS to Direct Deposit Your Refund to One, Two or Three Accounts

You have several options for receiving your federal income tax refund. You can:

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With split refunds, you have a convenient option for managing your money — sending some of your refund to an account for immediate use and some for future savings — teamed with the speed and safety of direct deposit.

Your refund should only be deposited directly into accounts that are in your own name; your spouse’s name or both if it’s a joint account.

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Page Last Reviewed or Updated: 13-Mar-2014

The File Tax Extension

File tax extension Publication 542 - Introductory Material Table of Contents Introduction Useful Items - You may want to see: Photographs of missing children. File tax extension  The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. File tax extension Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. File tax extension You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. File tax extension Introduction This publication discusses the general tax laws that apply to ordinary domestic corporations. File tax extension It explains the tax law in plain language so it will be easier to understand. File tax extension However, the information given does not cover every situation and is not intended to replace the law or change its meaning. File tax extension Note. File tax extension This publication is not revised on an annual basis. File tax extension To find changes that may affect current year returns, see the instructions for your income tax return for the current year; and Changes to Current Forms and Publications at www. File tax extension irs. File tax extension gov/formspubs. File tax extension Comments and suggestions. File tax extension   We welcome your comments about this publication and your suggestions for future editions. File tax extension   You can write to us at the following address: Internal Revenue Service Business, Exempt Organizations and International Forms and Publications Branch SE:W:CAR:MP:T:B 1111 Constitution Ave. File tax extension NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. File tax extension Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. File tax extension   You can email us at *taxforms@irs. File tax extension gov (The asterisk must be included in the address). File tax extension Please put “Publications Comment” on the subject line. File tax extension You can also send us comments at www. File tax extension irs. File tax extension gov/formspubs/. File tax extension Select “Comment on Tax Forms and Publications” under “Information about. File tax extension ” Although we cannot respond individually to each comment, we do appreciate your feedback and will consider your comments as we revise our tax products. File tax extension Tax questions. File tax extension   If you have a tax question, visit IRS. File tax extension gov or call 1-800-829-1040. File tax extension We cannot answer tax questions at either of the addresses listed above. File tax extension Ordering forms and publications. File tax extension   Visit www. File tax extension irs. File tax extension gov/formspubs to download forms and publications, call 1-800-829-3676, or write to the National Distribution Center at the address shown under How to Get Tax Help, later in this publication. File tax extension Additional forms. File tax extension   A list of other forms and statements that a corporation may need to file is included at the end of this publication. File tax extension Useful Items - You may want to see: Publication 510 Excise Taxes (Including Fuel Tax Credits and Refunds) 535 Business Expenses 538 Accounting Periods and Methods 544 Sales and Other Dispositions of Assets 550 Investment Income and Expenses 925 Passive Activity and At-Risk Rules 946 How to Depreciate Property Prev  Up  Next   Home   More Online Publications