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H&r Block At Home 2011 Deluxe Federal State Efile

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H&r Block At Home 2011 Deluxe Federal State Efile

H&r block at home 2011 deluxe federal state efile 7. H&r block at home 2011 deluxe federal state efile   Coverdell Education Savings Account (ESA) Table of Contents Introduction What Is a Coverdell ESAQualified Education Expenses ContributionsContribution Limits Additional Tax on Excess Contributions Rollovers and Other TransfersRollovers Changing the Designated Beneficiary Transfer Because of Divorce DistributionsTax-Free Distributions Taxable Distributions When Assets Must Be Distributed Introduction If your modified adjusted gross income (MAGI) is less than $110,000 ($220,000 if filing a joint return), you may be able to establish a Coverdell ESA to finance the qualified education expenses of a designated beneficiary. H&r block at home 2011 deluxe federal state efile For most taxpayers, MAGI is the adjusted gross income as figured on their federal income tax return. H&r block at home 2011 deluxe federal state efile There is no limit on the number of separate Coverdell ESAs that can be established for a designated beneficiary. H&r block at home 2011 deluxe federal state efile However, total contributions for the beneficiary in any year cannot be more than $2,000, no matter how many accounts have been established. H&r block at home 2011 deluxe federal state efile See Contributions , later. H&r block at home 2011 deluxe federal state efile This benefit applies not only to higher education expenses, but also to elementary and secondary education expenses. H&r block at home 2011 deluxe federal state efile What is the tax benefit of the Coverdell ESA. H&r block at home 2011 deluxe federal state efile   Contributions to a Coverdell ESA are not deductible, but amounts deposited in the account grow tax free until distributed. H&r block at home 2011 deluxe federal state efile   If, for a year, distributions from an account are not more than a designated beneficiary's qualified education expenses at an eligible educational institution, the beneficiary will not owe tax on the distributions. H&r block at home 2011 deluxe federal state efile See Tax-Free Distributions , later. H&r block at home 2011 deluxe federal state efile    Table 7-1 summarizes the main features of the Coverdell ESA. H&r block at home 2011 deluxe federal state efile Table 7-1. H&r block at home 2011 deluxe federal state efile Coverdell ESA at a Glance Do not rely on this table alone. H&r block at home 2011 deluxe federal state efile It provides only general highlights. H&r block at home 2011 deluxe federal state efile See the text for definitions of terms in bold type and for more complete explanations. H&r block at home 2011 deluxe federal state efile Question Answer What is a Coverdell ESA? A savings account that is set up to pay the qualified education expenses of a designated beneficiary. H&r block at home 2011 deluxe federal state efile Where can it be established? It can be opened in the United States at any bank or other IRS-approved entity that offers Coverdell ESAs. H&r block at home 2011 deluxe federal state efile Who can have a Coverdell ESA? Any beneficiary who is under age 18 or is a special needs beneficiary. H&r block at home 2011 deluxe federal state efile Who can contribute to a Coverdell ESA? Generally, any individual (including the beneficiary) whose modified adjusted gross income for the year is less than $110,000 ($220,000 in the case of a joint return). H&r block at home 2011 deluxe federal state efile Are distributions tax free? Yes, if the distributions are not more than the beneficiary's adjusted qualified education expenses for the year. H&r block at home 2011 deluxe federal state efile What Is a Coverdell ESA A Coverdell ESA is a trust or custodial account created or organized in the United States only for the purpose of paying the qualified education expenses of the Designated beneficiary (defined later) of the account. H&r block at home 2011 deluxe federal state efile When the account is established, the designated beneficiary must be under age 18 or a special needs beneficiary. H&r block at home 2011 deluxe federal state efile To be treated as a Coverdell ESA, the account must be designated as a Coverdell ESA when it is created. H&r block at home 2011 deluxe federal state efile The document creating and governing the account must be in writing and must satisfy the following requirements. H&r block at home 2011 deluxe federal state efile The trustee or custodian must be a bank or an entity approved by the IRS. H&r block at home 2011 deluxe federal state efile The document must provide that the trustee or custodian can only accept a contribution that meets all of the following conditions. H&r block at home 2011 deluxe federal state efile The contribution is in cash. H&r block at home 2011 deluxe federal state efile The contribution is made before the beneficiary reaches age 18, unless the beneficiary is a special needs beneficiary. H&r block at home 2011 deluxe federal state efile The contribution would not result in total contributions for the year (not including rollover contributions) being more than $2,000. H&r block at home 2011 deluxe federal state efile Money in the account cannot be invested in life insurance contracts. H&r block at home 2011 deluxe federal state efile Money in the account cannot be combined with other property except in a common trust fund or common investment fund. H&r block at home 2011 deluxe federal state efile The balance in the account generally must be distributed within 30 days after the earlier of the following events. H&r block at home 2011 deluxe federal state efile The beneficiary reaches age 30, unless the beneficiary is a special needs beneficiary. H&r block at home 2011 deluxe federal state efile The beneficiary's death. H&r block at home 2011 deluxe federal state efile Qualified Education Expenses Generally, these are expenses required for the enrollment or attendance of the designated beneficiary at an eligible educational institution. H&r block at home 2011 deluxe federal state efile For purposes of Coverdell ESAs, the expenses can be either qualified higher education expenses or qualified elementary and secondary education expenses. H&r block at home 2011 deluxe federal state efile Designated beneficiary. H&r block at home 2011 deluxe federal state efile   This is the individual named in the document creating the trust or custodial account to receive the benefit of the funds in the account. H&r block at home 2011 deluxe federal state efile Contributions to a qualified tuition program (QTP). H&r block at home 2011 deluxe federal state efile   A contribution to a QTP is a qualified education expense if the contribution is on behalf of the designated beneficiary of the Coverdell ESA. H&r block at home 2011 deluxe federal state efile In the case of a change in beneficiary, this is a qualified expense only if the new beneficiary is a family member of that designated beneficiary. H&r block at home 2011 deluxe federal state efile See chapter 8, Qualified Tuition Program . H&r block at home 2011 deluxe federal state efile Eligible Educational Institution For purposes of Coverdell ESAs, an eligible educational institution can be either an eligible postsecondary school or an eligible elementary or secondary school. H&r block at home 2011 deluxe federal state efile Eligible postsecondary school. H&r block at home 2011 deluxe federal state efile   This is any college, university, vocational school, or other postsecondary educational institution eligible to participate in a student aid program administered by the U. H&r block at home 2011 deluxe federal state efile S. H&r block at home 2011 deluxe federal state efile Department of Education. H&r block at home 2011 deluxe federal state efile It includes virtually all accredited public, nonprofit, and proprietary (privately owned profit-making) postsecondary institutions. H&r block at home 2011 deluxe federal state efile The educational institution should be able to tell you if it is an eligible educational institution. H&r block at home 2011 deluxe federal state efile   Certain educational institutions located outside the United States also participate in the U. H&r block at home 2011 deluxe federal state efile S. H&r block at home 2011 deluxe federal state efile Department of Education's Federal Student Aid (FSA) programs. H&r block at home 2011 deluxe federal state efile Eligible elementary or secondary school. H&r block at home 2011 deluxe federal state efile   This is any public, private, or religious school that provides elementary or secondary education (kindergarten through grade 12), as determined under state law. H&r block at home 2011 deluxe federal state efile Qualified Higher Education Expenses These are expenses related to enrollment or attendance at an eligible postsecondary school. H&r block at home 2011 deluxe federal state efile As shown in the following list, to be qualified, some of the expenses must be required by the school and some must be incurred by students who are enrolled at least half-time. H&r block at home 2011 deluxe federal state efile The following expenses must be required for enrollment or attendance of a designated beneficiary at an eligible postsecondary school. H&r block at home 2011 deluxe federal state efile Tuition and fees. H&r block at home 2011 deluxe federal state efile Books, supplies, and equipment. H&r block at home 2011 deluxe federal state efile Expenses for special needs services needed by a special needs beneficiary must be incurred in connection with enrollment or attendance at an eligible postsecondary school. H&r block at home 2011 deluxe federal state efile Expenses for room and board must be incurred by students who are enrolled at least half-time (defined below). H&r block at home 2011 deluxe federal state efile The expense for room and board qualifies only to the extent that it is not more than the greater of the following two amounts. H&r block at home 2011 deluxe federal state efile The allowance for room and board, as determined by the school, that was included in the cost of attendance (for federal financial aid purposes) for a particular academic period and living arrangement of the student. H&r block at home 2011 deluxe federal state efile The actual amount charged if the student is residing in housing owned or operated by the school. H&r block at home 2011 deluxe federal state efile Half-time student. H&r block at home 2011 deluxe federal state efile   A student is enrolled “at least half-time” if he or she is enrolled for at least half the full-time academic work load for the course of study the student is pursuing, as determined under the standards of the school where the student is enrolled. H&r block at home 2011 deluxe federal state efile Qualified Elementary and Secondary Education Expenses These are expenses related to enrollment or attendance at an eligible elementary or secondary school. H&r block at home 2011 deluxe federal state efile As shown in the following list, to be qualified, some of the expenses must be required or provided by the school. H&r block at home 2011 deluxe federal state efile There are special rules for computer-related expenses. H&r block at home 2011 deluxe federal state efile The following expenses must be incurred by a designated beneficiary in connection with enrollment or attendance at an eligible elementary or secondary school. H&r block at home 2011 deluxe federal state efile Tuition and fees. H&r block at home 2011 deluxe federal state efile Books, supplies, and equipment. H&r block at home 2011 deluxe federal state efile Academic tutoring. H&r block at home 2011 deluxe federal state efile Special needs services for a special needs beneficiary. H&r block at home 2011 deluxe federal state efile The following expenses must be required or provided by an eligible elementary or secondary school in connection with attendance or enrollment at the school. H&r block at home 2011 deluxe federal state efile Room and board. H&r block at home 2011 deluxe federal state efile Uniforms. H&r block at home 2011 deluxe federal state efile Transportation. H&r block at home 2011 deluxe federal state efile Supplementary items and services (including extended day programs). H&r block at home 2011 deluxe federal state efile The purchase of computer technology, equipment, or Internet access and related services is a qualified elementary and secondary education expense if it is to be used by the beneficiary and the beneficiary's family during any of the years the beneficiary is in elementary or secondary school. H&r block at home 2011 deluxe federal state efile (This does not include expenses for computer software designed for sports, games, or hobbies unless the software is predominantly educational in nature. H&r block at home 2011 deluxe federal state efile ) Contributions Any individual (including the designated beneficiary) can contribute to a Coverdell ESA if the individual's MAGI (defined later under Contribution Limits ) for the year is less than $110,000. H&r block at home 2011 deluxe federal state efile For individuals filing joint returns, that amount is $220,000. H&r block at home 2011 deluxe federal state efile Organizations, such as corporations and trusts, can also contribute to Coverdell ESAs. H&r block at home 2011 deluxe federal state efile There is no requirement that an organization's income be below a certain level. H&r block at home 2011 deluxe federal state efile Contributions must meet all of the following requirements. H&r block at home 2011 deluxe federal state efile They must be in cash. H&r block at home 2011 deluxe federal state efile They cannot be made after the beneficiary reaches age 18, unless the beneficiary is a special needs beneficiary. H&r block at home 2011 deluxe federal state efile They must be made by the due date of the contributor's tax return (not including extensions). H&r block at home 2011 deluxe federal state efile Contributions can be made to one or several Coverdell ESAs for the same designated beneficiary provided that the total contributions are not more than the contribution limits (defined later) for a year. H&r block at home 2011 deluxe federal state efile Contributions can be made, without penalty, to both a Coverdell ESA and a QTP in the same year for the same beneficiary. H&r block at home 2011 deluxe federal state efile Table 7-2 summarizes many of the features of contributing to a Coverdell ESA. H&r block at home 2011 deluxe federal state efile When contributions considered made. H&r block at home 2011 deluxe federal state efile   Contributions made to a Coverdell ESA for the preceding tax year are considered to have been made on the last day of the preceding year. H&r block at home 2011 deluxe federal state efile They must be made by the due date (not including extensions) for filing your return for the preceding year. H&r block at home 2011 deluxe federal state efile   For example, if you make a contribution to a Coverdell ESA in February 2014, and you designate it as a contribution for 2013, you are considered to have made that contribution on December 31, 2013. H&r block at home 2011 deluxe federal state efile Contribution Limits There are two yearly limits: One on the total amount that can be contributed for each designated beneficiary in any year, and One on the amount that any individual can contribute for any one designated beneficiary for a year. H&r block at home 2011 deluxe federal state efile Limit for each designated beneficiary. H&r block at home 2011 deluxe federal state efile   For 2013, the total of all contributions to all Coverdell ESAs set up for the benefit of any one designated beneficiary cannot be more than $2,000. H&r block at home 2011 deluxe federal state efile This includes contributions (other than rollovers) to all the beneficiary's Coverdell ESAs from all sources. H&r block at home 2011 deluxe federal state efile Rollovers are discussed under Rollovers and Other Transfers , later. H&r block at home 2011 deluxe federal state efile Example. H&r block at home 2011 deluxe federal state efile When Maria Luna was born in 2012, three separate Coverdell ESAs were set up for her, one by her parents, one by her grandfather, and one by her aunt. H&r block at home 2011 deluxe federal state efile In 2013, the total of all contributions to Maria's three Coverdell ESAs cannot be more than $2,000. H&r block at home 2011 deluxe federal state efile For example, if her grandfather contributed $2,000 to one of her Coverdell ESAs, no one else could contribute to any of her three accounts. H&r block at home 2011 deluxe federal state efile Or, if her parents contributed $1,000 and her aunt $600, her grandfather or someone else could contribute no more than $400. H&r block at home 2011 deluxe federal state efile These contributions could be put into any of Maria's Coverdell ESA accounts. H&r block at home 2011 deluxe federal state efile Limit for each contributor. H&r block at home 2011 deluxe federal state efile   Generally, you can contribute up to $2,000 for each designated beneficiary for 2013. H&r block at home 2011 deluxe federal state efile This is the most you can contribute for the benefit of any one beneficiary for the year, regardless of the number of Coverdell ESAs set up for the beneficiary. H&r block at home 2011 deluxe federal state efile Example. H&r block at home 2011 deluxe federal state efile The facts are the same as in the previous example except that Maria Luna's older brother, Edgar, also has a Coverdell ESA. H&r block at home 2011 deluxe federal state efile If their grandfather contributed $2,000 to Maria's Coverdell ESA in 2013, he could also contribute $2,000 to Edgar's Coverdell ESA. H&r block at home 2011 deluxe federal state efile Reduced limit. H&r block at home 2011 deluxe federal state efile   Your contribution limit may be reduced. H&r block at home 2011 deluxe federal state efile If your MAGI (defined on this page) is between $95,000 and $110,000 (between $190,000 and $220,000 if filing a joint return), the $2,000 limit for each designated beneficiary is gradually reduced (see Figuring the limit , later). H&r block at home 2011 deluxe federal state efile If your MAGI is $110,000 or more ($220,000 or more if filing a joint return), you cannot contribute to anyone's Coverdell ESA. H&r block at home 2011 deluxe federal state efile Table 7-2. H&r block at home 2011 deluxe federal state efile Coverdell ESA Contributions at a Glance Do not rely on this table alone. H&r block at home 2011 deluxe federal state efile It provides only general highlights. H&r block at home 2011 deluxe federal state efile See the text for more complete explanations. H&r block at home 2011 deluxe federal state efile Question Answer Are contributions deductible? No. H&r block at home 2011 deluxe federal state efile What is the annual contribution limit per designated beneficiary? $2,000 for each designated beneficiary. H&r block at home 2011 deluxe federal state efile What if more than one Coverdell ESA has been opened for the same designated beneficiary? The annual contribution limit is $2,000 for each beneficiary, no matter how many Coverdell ESAs are set up for that beneficiary. H&r block at home 2011 deluxe federal state efile What if more than one individual makes contributions for the same designated beneficiary? The annual contribution limit is $2,000 per beneficiary, no matter how many individuals contribute. H&r block at home 2011 deluxe federal state efile Can contributions other than cash be made to a Coverdell ESA? No. H&r block at home 2011 deluxe federal state efile When must contributions stop? No contributions can be made to a beneficiary's Coverdell ESA after he or she reaches age 18, unless the beneficiary is a special needs beneficiary. H&r block at home 2011 deluxe federal state efile Modified adjusted gross income (MAGI). H&r block at home 2011 deluxe federal state efile   For most taxpayers, MAGI is adjusted gross income (AGI) as figured on their federal income tax return. H&r block at home 2011 deluxe federal state efile MAGI when using Form 1040A. H&r block at home 2011 deluxe federal state efile   If you file Form 1040A, your MAGI is the AGI on line 22 of that form. H&r block at home 2011 deluxe federal state efile MAGI when using Form 1040. H&r block at home 2011 deluxe federal state efile   If you file Form 1040, your MAGI is the AGI on line 38 of that form, modified by adding back any: Foreign earned income exclusion, Foreign housing exclusion, Foreign housing deduction, Exclusion of income by bona fide residents of American Samoa, and Exclusion of income by bona fide residents of Puerto Rico. H&r block at home 2011 deluxe federal state efile MAGI when using Form 1040NR. H&r block at home 2011 deluxe federal state efile   If you file Form 1040NR, your MAGI is the AGI on line 36 of that form. H&r block at home 2011 deluxe federal state efile MAGI when using Form 1040NR-EZ. H&r block at home 2011 deluxe federal state efile   If you file Form 1040NR-EZ, your MAGI is the AGI on line 10 of that form. H&r block at home 2011 deluxe federal state efile   If you have any of these adjustments, you can use Worksheet 7-1. H&r block at home 2011 deluxe federal state efile MAGI for a Coverdell ESA , later, to figure your MAGI for Form 1040. H&r block at home 2011 deluxe federal state efile Worksheet 7-1. H&r block at home 2011 deluxe federal state efile MAGI for a Coverdell ESA 1. H&r block at home 2011 deluxe federal state efile Enter your adjusted gross income  (Form 1040, line 38)   1. H&r block at home 2011 deluxe federal state efile   2. H&r block at home 2011 deluxe federal state efile Enter your foreign earned income exclusion and/or housing exclusion (Form 2555, line 45, or Form 2555-EZ, line 18)   2. H&r block at home 2011 deluxe federal state efile       3. H&r block at home 2011 deluxe federal state efile Enter your foreign housing deduction (Form 2555, line 50)   3. H&r block at home 2011 deluxe federal state efile         4. H&r block at home 2011 deluxe federal state efile Enter the amount of income from Puerto Rico you are excluding   4. H&r block at home 2011 deluxe federal state efile       5. H&r block at home 2011 deluxe federal state efile Enter the amount of income from American Samoa you are excluding (Form 4563, line 15)   5. H&r block at home 2011 deluxe federal state efile       6. H&r block at home 2011 deluxe federal state efile Add lines 2, 3, 4, and 5   6. H&r block at home 2011 deluxe federal state efile   7. H&r block at home 2011 deluxe federal state efile Add lines 1 and 6. H&r block at home 2011 deluxe federal state efile This is your  modified adjusted gross income   7. H&r block at home 2011 deluxe federal state efile   Figuring the limit. H&r block at home 2011 deluxe federal state efile    To figure the limit on the amount you can contribute for each designated beneficiary, multiply $2,000 by a fraction. H&r block at home 2011 deluxe federal state efile The numerator (top number) is your MAGI minus $95,000 ($190,000 if filing a joint return). H&r block at home 2011 deluxe federal state efile The denominator (bottom number) is $15,000 ($30,000 if filing a joint return). H&r block at home 2011 deluxe federal state efile Subtract the result from $2,000. H&r block at home 2011 deluxe federal state efile This is the amount you can contribute for each beneficiary. H&r block at home 2011 deluxe federal state efile You can use Worksheet 7-2. H&r block at home 2011 deluxe federal state efile Coverdell ESA Contribution Limit to figure the limit on contributions. H&r block at home 2011 deluxe federal state efile    Worksheet 7-2. H&r block at home 2011 deluxe federal state efile Coverdell ESA Contribution Limit 1. H&r block at home 2011 deluxe federal state efile Maximum contribution   1. H&r block at home 2011 deluxe federal state efile $2,000 2. H&r block at home 2011 deluxe federal state efile Enter your modified adjusted gross income (MAGI) for purposes of figuring the contribution limit to a Coverdell ESA (see definition or Worksheet 7-1, earlier)   2. H&r block at home 2011 deluxe federal state efile   3. H&r block at home 2011 deluxe federal state efile Enter $190,000 if married filing jointly; $95,000 for all other filers   3. H&r block at home 2011 deluxe federal state efile   4. H&r block at home 2011 deluxe federal state efile Subtract line 3 from line 2. H&r block at home 2011 deluxe federal state efile If zero or less, enter -0- on line 4, skip lines 5 through 7, and enter $2,000 on line 8   4. H&r block at home 2011 deluxe federal state efile   5. H&r block at home 2011 deluxe federal state efile Enter $30,000 if married filing jointly; $15,000 for all other filers   5. H&r block at home 2011 deluxe federal state efile     Note. H&r block at home 2011 deluxe federal state efile If the amount on line 4 is greater than or equal to the amount on line 5, stop here. H&r block at home 2011 deluxe federal state efile You are not allowed to contribute to a Coverdell ESA for 2013. H&r block at home 2011 deluxe federal state efile       6. H&r block at home 2011 deluxe federal state efile Divide line 4 by line 5 and enter the result as a decimal (rounded to at least 3 places)   6. H&r block at home 2011 deluxe federal state efile . H&r block at home 2011 deluxe federal state efile 7. H&r block at home 2011 deluxe federal state efile Multiply line 1 by line 6   7. H&r block at home 2011 deluxe federal state efile   8. H&r block at home 2011 deluxe federal state efile Subtract line 7 from line 1   8. H&r block at home 2011 deluxe federal state efile   Note: The total Coverdell ESA contributions from all sources for the designated beneficiary during the tax year may not exceed $2,000. H&r block at home 2011 deluxe federal state efile Example. H&r block at home 2011 deluxe federal state efile Paul, who is single, had a MAGI of $96,500 for 2013. H&r block at home 2011 deluxe federal state efile Paul can contribute up to $1,800 in 2013 for each beneficiary, as shown in the illustrated Worksheet 7-2, Coverdell ESA Contribution Limit–Illustrated. H&r block at home 2011 deluxe federal state efile Worksheet 7-2. H&r block at home 2011 deluxe federal state efile Coverdell ESA Contribution Limit—Illustrated 1. H&r block at home 2011 deluxe federal state efile Maximum contribution   1. H&r block at home 2011 deluxe federal state efile $2,000 2. H&r block at home 2011 deluxe federal state efile Enter your modified adjusted gross  income (MAGI) for purposes of figuring the contribution limit to a Coverdell ESA (see definition or Worksheet 7-1, earlier)   2. H&r block at home 2011 deluxe federal state efile 96,500 3. H&r block at home 2011 deluxe federal state efile Enter $190,000 if married filing jointly; $95,000 for all other filers   3. H&r block at home 2011 deluxe federal state efile 95,000 4. H&r block at home 2011 deluxe federal state efile Subtract line 3 from line 2. H&r block at home 2011 deluxe federal state efile If zero or less, enter -0- on line 4, skip lines 5 through 7, and enter $2,000 on line 8   4. H&r block at home 2011 deluxe federal state efile 1,500 5. H&r block at home 2011 deluxe federal state efile Enter $30,000 if married filing jointly; $15,000 for all other filers   5. H&r block at home 2011 deluxe federal state efile 15,000   Note. H&r block at home 2011 deluxe federal state efile If the amount on line 4 is greater than or equal to the amount on line 5,  stop here. H&r block at home 2011 deluxe federal state efile You are not allowed to  contribute to a Coverdell ESA for 2013. H&r block at home 2011 deluxe federal state efile       6. H&r block at home 2011 deluxe federal state efile Divide line 4 by line 5 and enter the result as a decimal (rounded to at least 3 places)   6. H&r block at home 2011 deluxe federal state efile . H&r block at home 2011 deluxe federal state efile 100 7. H&r block at home 2011 deluxe federal state efile Multiply line 1 by line 6   7. H&r block at home 2011 deluxe federal state efile 200 8. H&r block at home 2011 deluxe federal state efile Subtract line 7 from line 1   8. H&r block at home 2011 deluxe federal state efile 1,800 Note: The total Coverdell ESA contributions from all sources for the designated beneficiary during the tax year may not exceed $2,000. H&r block at home 2011 deluxe federal state efile Additional Tax on Excess Contributions The beneficiary must pay a 6% excise tax each year on excess contributions that are in a Coverdell ESA at the end of the year. H&r block at home 2011 deluxe federal state efile Excess contributions are the total of the following two amounts. H&r block at home 2011 deluxe federal state efile Contributions to any designated beneficiary's Coverdell ESA for the year that are more than $2,000 (or, if less, the total of each contributor's limit for the year, as discussed earlier). H&r block at home 2011 deluxe federal state efile Excess contributions for the preceding year, reduced by the total of the following two amounts: Distributions (other than those rolled over as discussed later) during the year, and The contribution limit for the current year minus the amount contributed for the current year. H&r block at home 2011 deluxe federal state efile Exceptions. H&r block at home 2011 deluxe federal state efile   The excise tax does not apply if excess contributions made during 2013 (and any earnings on them) are distributed before the first day of the sixth month of the following tax year (June 1, 2014, for a calendar year taxpayer). H&r block at home 2011 deluxe federal state efile   However, you must include the distributed earnings in gross income for the year in which the excess contribution was made. H&r block at home 2011 deluxe federal state efile You should receive Form 1099-Q, Payments From Qualified Education Programs, from each institution from which excess contributions were distributed. H&r block at home 2011 deluxe federal state efile Box 2 of that form will show the amount of earnings on your excess contributions. H&r block at home 2011 deluxe federal state efile Code “2” or “3” entered in the blank box below boxes 5 and 6 indicate the year in which the earnings are taxable. H&r block at home 2011 deluxe federal state efile See Instructions for Recipient on the back of copy B of your Form 1099-Q. H&r block at home 2011 deluxe federal state efile Enter the amount of earnings on line 21 of Form 1040 (or Form 1040NR) for the applicable tax year. H&r block at home 2011 deluxe federal state efile For more information, see Taxable Distributions , later. H&r block at home 2011 deluxe federal state efile   The excise tax does not apply to any rollover contribution. H&r block at home 2011 deluxe federal state efile Note. H&r block at home 2011 deluxe federal state efile Contributions made in one year for the preceding tax year are considered to have been made on the last day of the preceding year. H&r block at home 2011 deluxe federal state efile Example. H&r block at home 2011 deluxe federal state efile In 2012, Greta's parents and grandparents contributed a total of $2,300 to Greta's Coverdell ESA— an excess contribution of $300. H&r block at home 2011 deluxe federal state efile Because Greta did not withdraw the excess before June 1, 2013, she had to pay an additional tax of $18 (6% × $300) when she filed her 2012 tax return. H&r block at home 2011 deluxe federal state efile In 2013, excess contributions of $500 were made to Greta's account, however, she withdrew $250 from that account to use for qualified education expenses. H&r block at home 2011 deluxe federal state efile Using the steps shown earlier under Additional Tax on Excess Contributions , Greta figures the excess contribution in her account at the end of 2013 as follows. H&r block at home 2011 deluxe federal state efile (1)   $500 excess contributions made in 2013     + (2)   $300 excess contributions in ESA at end of 2012     − (2a)   $250 distribution during 2013         $550 excess at end of 2013   × 6%=$33           If Greta limits 2014 contributions to $1,450 ($2,000 maximum allowed − $550 excess contributions from 2013), she will not owe any additional tax in 2014 for excess contributions. H&r block at home 2011 deluxe federal state efile Figuring and reporting the additional tax. H&r block at home 2011 deluxe federal state efile   You figure this excise tax in Part V of Form 5329. H&r block at home 2011 deluxe federal state efile Report the additional tax on Form 1040, line 58 (or Form 1040NR, line 56). H&r block at home 2011 deluxe federal state efile Rollovers and Other Transfers Assets can be rolled over from one Coverdell ESA to another or the designated beneficiary can be changed. H&r block at home 2011 deluxe federal state efile The beneficiary's interest can be transferred to a spouse or former spouse because of divorce. H&r block at home 2011 deluxe federal state efile Rollovers Any amount distributed from a Coverdell ESA is not taxable if it is rolled over to another Coverdell ESA for the benefit of the same beneficiary or a member of the beneficiary's family (including the beneficiary's spouse) who is under age 30. H&r block at home 2011 deluxe federal state efile This age limitation does not apply if the new beneficiary is a special needs beneficiary. H&r block at home 2011 deluxe federal state efile An amount is rolled over if it is paid to another Coverdell ESA within 60 days after the date of the distribution. H&r block at home 2011 deluxe federal state efile Do not report qualifying rollovers (those that meet the above criteria) anywhere on Form 1040 or 1040NR. H&r block at home 2011 deluxe federal state efile These are not taxable distributions. H&r block at home 2011 deluxe federal state efile Members of the beneficiary's family. H&r block at home 2011 deluxe federal state efile   For these purposes, the beneficiary's family includes the beneficiary's spouse and the following other relatives of the beneficiary. H&r block at home 2011 deluxe federal state efile Son, daughter, stepchild, foster child, adopted child, or a descendant of any of them. H&r block at home 2011 deluxe federal state efile Brother, sister, stepbrother, or stepsister. H&r block at home 2011 deluxe federal state efile Father or mother or ancestor of either. H&r block at home 2011 deluxe federal state efile Stepfather or stepmother. H&r block at home 2011 deluxe federal state efile Son or daughter of a brother or sister. H&r block at home 2011 deluxe federal state efile Brother or sister of father or mother. H&r block at home 2011 deluxe federal state efile Son-in-law, daughter-in-law, father-in-law, mother-in-law, brother-in-law, or sister-in-law. H&r block at home 2011 deluxe federal state efile The spouse of any individual listed above. H&r block at home 2011 deluxe federal state efile First cousin. H&r block at home 2011 deluxe federal state efile Example. H&r block at home 2011 deluxe federal state efile When Aaron graduated from college last year he had $5,000 left in his Coverdell ESA. H&r block at home 2011 deluxe federal state efile He wanted to give this money to his younger sister, who was still in high school. H&r block at home 2011 deluxe federal state efile In order to avoid paying tax on the distribution of the amount remaining in his account, Aaron contributed the same amount to his sister's Coverdell ESA within 60 days of the distribution. H&r block at home 2011 deluxe federal state efile Only one rollover per Coverdell ESA is allowed during the 12-month period ending on the date of the payment or distribution. H&r block at home 2011 deluxe federal state efile This rule does not apply to the rollover of a military death gratuity or payment from Servicemembers' Group Life Insurance (SGLI). H&r block at home 2011 deluxe federal state efile Military death gratuity. H&r block at home 2011 deluxe federal state efile   If you received a military death gratuity or a payment from Servicemembers' Group Life Insurance (SGLI), you may roll over all or part of the amount received to one or more Coverdell ESAs for the benefit of members of the beneficiary's family (see Members of the beneficiary's family , earlier). H&r block at home 2011 deluxe federal state efile Such payments are made to an eligible survivor upon the death of a member of the armed forces. H&r block at home 2011 deluxe federal state efile The contribution to a Coverdell ESA from survivor benefits received cannot be made later than 1 year after the date on which you receive the gratuity or SGLI payment. H&r block at home 2011 deluxe federal state efile   This rollover contribution is not subject to (but is in addition to) the contribution limits discussed earlier under Contribution Limits . H&r block at home 2011 deluxe federal state efile The amount you roll over cannot exceed the total survivor benefits you received, reduced by contributions from these benefits to a Roth IRA or other Coverdell ESAs. H&r block at home 2011 deluxe federal state efile   The amount contributed from the survivor benefits is treated as part of your basis (cost) in the Coverdell ESA, and will not be taxed when distributed. H&r block at home 2011 deluxe federal state efile See Distributions , later. H&r block at home 2011 deluxe federal state efile The limit of one rollover per Coverdell ESA during a 12-month period does not apply to a military death gratuity or SGLI payment. H&r block at home 2011 deluxe federal state efile Changing the Designated Beneficiary The designated beneficiary can be changed. H&r block at home 2011 deluxe federal state efile See Members of the beneficiary's family , earlier. H&r block at home 2011 deluxe federal state efile There are no tax consequences if, at the time of the change, the new beneficiary is under age 30 or is a special needs beneficiary. H&r block at home 2011 deluxe federal state efile Example. H&r block at home 2011 deluxe federal state efile Assume the same situation for Aaron as in the last example (see Rollovers , earlier). H&r block at home 2011 deluxe federal state efile Instead of closing his Coverdell ESA and paying the distribution into his sister's Coverdell ESA, Aaron could have instructed the trustee of his account to simply change the name of the beneficiary on his account to that of his sister. H&r block at home 2011 deluxe federal state efile Transfer Because of Divorce If a spouse or former spouse receives a Coverdell ESA under a divorce or separation instrument, it is not a taxable transfer. H&r block at home 2011 deluxe federal state efile After the transfer, the spouse or former spouse treats the Coverdell ESA as his or her own. H&r block at home 2011 deluxe federal state efile Example. H&r block at home 2011 deluxe federal state efile In their divorce settlement, Peg received her ex-husband's Coverdell ESA. H&r block at home 2011 deluxe federal state efile In this process, the account was transferred into her name. H&r block at home 2011 deluxe federal state efile Peg now treats the funds in this Coverdell ESA as if she were the original owner. H&r block at home 2011 deluxe federal state efile Distributions The designated beneficiary of a Coverdell ESA can take a distribution at any time. H&r block at home 2011 deluxe federal state efile Whether the distributions are tax free depends, in part, on whether the distributions are equal to or less than the amount of Adjusted qualified education expenses (defined later) that the beneficiary has in the same tax year. H&r block at home 2011 deluxe federal state efile See Table 7-3, Coverdell ESA Distributions at a Glance, for highlights. H&r block at home 2011 deluxe federal state efile Table 7-3. H&r block at home 2011 deluxe federal state efile Coverdell ESA Distributions at a Glance Do not rely on this table alone. H&r block at home 2011 deluxe federal state efile It provides only general highlights. H&r block at home 2011 deluxe federal state efile See the text for definitions of terms in bold type and for more complete explanations. H&r block at home 2011 deluxe federal state efile Question Answer Is a distribution from a Coverdell ESA to pay for a designated beneficiary's qualified education expenses tax free? Generally, yes, to the extent the amount of the distribution is not more than the designated beneficiary's adjusted qualified education expenses. H&r block at home 2011 deluxe federal state efile After the designated beneficiary completes his or her education at an eligible educational institution, can amounts remaining in the Coverdell ESA be distributed? Yes. H&r block at home 2011 deluxe federal state efile Amounts must be distributed when the designated beneficiary reaches age 30, unless he or she is a special needs beneficiary. H&r block at home 2011 deluxe federal state efile Also, certain transfers to members of the beneficiary's family are permitted. H&r block at home 2011 deluxe federal state efile Does the designated beneficiary need to be enrolled for a minimum number of courses to take a tax-free distribution? No. H&r block at home 2011 deluxe federal state efile Adjusted qualified education expenses. H&r block at home 2011 deluxe federal state efile   To determine if total distributions for the year are more than the amount of qualified education expenses, reduce total qualified education expenses by any tax-free educational assistance. H&r block at home 2011 deluxe federal state efile Tax-free educational assistance includes: The tax-free part of scholarships and fellowships (see Tax-Free Scholarships and Fellowships in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions), Veterans' educational assistance (see Veterans' Benefits in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions), Pell grants (see Pell Grants and Other Title IV Need-Based Education Grants in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions), Employer-provided educational assistance (see chapter 11, Employer-Provided Educational Assistance ), and Any other nontaxable (tax-free) payments (other than gifts or inheritances) received as educational assistance. H&r block at home 2011 deluxe federal state efile The amount you get by subtracting tax-free educational assistance from your total qualified education expenses is your adjusted qualified education expenses. H&r block at home 2011 deluxe federal state efile Tax-Free Distributions Generally, distributions are tax free if they are not more than the beneficiary's adjusted qualified education expenses for the year. H&r block at home 2011 deluxe federal state efile Do not report tax-free distributions (including qualifying rollovers) on your tax return. H&r block at home 2011 deluxe federal state efile Taxable Distributions A portion of the distributions is generally taxable to the beneficiary if the total distributions are more than the beneficiary's adjusted qualified education expenses for the year. H&r block at home 2011 deluxe federal state efile Excess distribution. H&r block at home 2011 deluxe federal state efile   This is the part of the total distribution that is more than the beneficiary's adjusted qualified education expenses for the year. H&r block at home 2011 deluxe federal state efile Earnings and basis. H&r block at home 2011 deluxe federal state efile   You will receive a Form 1099-Q for each of the Coverdell ESAs from which money was distributed in 2013. H&r block at home 2011 deluxe federal state efile The amount of your gross distribution will be shown in box 1. H&r block at home 2011 deluxe federal state efile For 2013, instead of dividing the gross distribution between your earnings (box 2) and your basis (already-taxed amount) (box 3), the payer or trustee may report the fair market value (account balance) of the Coverdell ESA as of December 31, 2013. H&r block at home 2011 deluxe federal state efile This will be shown in the blank box below boxes 5 and 6. H&r block at home 2011 deluxe federal state efile   The amount contributed from survivor benefits (see Military death gratuity , earlier) is treated as part of your basis and will not be taxed when distributed. H&r block at home 2011 deluxe federal state efile Figuring the Taxable Portion of a Distribution The taxable portion is the amount of the excess distribution that represents earnings that have accumulated tax free in the account. H&r block at home 2011 deluxe federal state efile Figure the taxable portion for 2013 as shown in the following steps. H&r block at home 2011 deluxe federal state efile Multiply the total amount distributed by a fraction. H&r block at home 2011 deluxe federal state efile The numerator is the basis (contributions not previously distributed) at the end of 2012 plus total contributions for 2013 and the denominator is the value (balance) of the account at the end of 2013 plus the amount distributed during 2013. H&r block at home 2011 deluxe federal state efile Subtract the amount figured in (1) from the total amount distributed during 2013. H&r block at home 2011 deluxe federal state efile The result is the amount of earnings included in the distribution(s). H&r block at home 2011 deluxe federal state efile Multiply the amount of earnings figured in (2) by a fraction. H&r block at home 2011 deluxe federal state efile The numerator is the adjusted qualified education expenses paid during 2013 and the denominator is the total amount distributed during 2013. H&r block at home 2011 deluxe federal state efile Subtract the amount figured in (3) from the amount figured in (2). H&r block at home 2011 deluxe federal state efile The result is the amount the beneficiary must include in income. H&r block at home 2011 deluxe federal state efile The taxable amount must be reported on Form 1040 or Form 1040NR, line 21. H&r block at home 2011 deluxe federal state efile Example. H&r block at home 2011 deluxe federal state efile You received an $850 distribution from your Coverdell ESA, to which $1,500 had been contributed before 2013. H&r block at home 2011 deluxe federal state efile There were no contributions in 2013. H&r block at home 2011 deluxe federal state efile This is your first distribution from the account, so your basis in the account on December 31, 2012, was $1,500. H&r block at home 2011 deluxe federal state efile The value (balance) of your account on December 31, 2013, was $950. H&r block at home 2011 deluxe federal state efile You had $700 of adjusted qualified education expenses (AQEE) for the year. H&r block at home 2011 deluxe federal state efile Using the steps in Figuring the Taxable Portion of a Distribution , earlier, figure the taxable portion of your distribution as follows. H&r block at home 2011 deluxe federal state efile   1. H&r block at home 2011 deluxe federal state efile $850 (distribution) × $1,500 basis + $0 contributions  $950 value + $850 distribution       =$708 (basis portion of distribution)     2. H&r block at home 2011 deluxe federal state efile $850 (distribution)−$708 (basis portion of distribution)     =$142 (earnings included in distribution)   3. H&r block at home 2011 deluxe federal state efile $142 (earnings) × $700 AQEE  $850 distribution           =$117 (tax-free earnings)     4. H&r block at home 2011 deluxe federal state efile $142 (earnings)−$117 (tax-free earnings)=$25 (taxable earnings)                 You must include $25 in income as distributed earnings not used for qualified education expenses. H&r block at home 2011 deluxe federal state efile Report this amount on Form 1040, line 21, listing the type and amount of income on the dotted line. H&r block at home 2011 deluxe federal state efile Worksheet 7-3, Coverdell ESA–Taxable Distributions and Basis , at the end of this chapter, can help you figure your adjusted qualified education expenses, how much of your distribution must be included in income, and the remaining basis in your Coverdell ESA(s). H&r block at home 2011 deluxe federal state efile Coordination With American Opportunity and Lifetime Learning Credits The American opportunity or lifetime learning credit can be claimed in the same year the beneficiary takes a tax-free distribution from a Coverdell ESA, as long as the same expenses are not used for both benefits. H&r block at home 2011 deluxe federal state efile This means the beneficiary must reduce qualified higher education expenses by tax-free educational assistance, and then further reduce them by any expenses taken into account in determining an American opportunity or lifetime learning credit. H&r block at home 2011 deluxe federal state efile Example. H&r block at home 2011 deluxe federal state efile Derek Green had $5,800 of qualified higher education expenses for 2013, his first year in college. H&r block at home 2011 deluxe federal state efile He paid his college expenses from the following sources. H&r block at home 2011 deluxe federal state efile     Partial tuition scholarship (tax free) $1,500     Coverdell ESA distribution 1,000     Gift from parents 2,100     Earnings from part-time job 1,200           Of his $5,800 of qualified higher education expenses, $4,000 was tuition and related expenses that also qualified for an American opportunity credit. H&r block at home 2011 deluxe federal state efile Derek's parents claimed a $2,500 American opportunity credit (based on $4,000 expenses) on their tax return. H&r block at home 2011 deluxe federal state efile Before Derek can determine the taxable portion of his Coverdell ESA distribution, he must reduce his total qualified higher education expenses. H&r block at home 2011 deluxe federal state efile     Total qualified higher education expenses $5,800     Minus: Tax-free educational assistance −1,500     Minus: Expenses taken into account in  figuring American opportunity credit − 4,000     Equals: Adjusted qualified higher education  expenses (AQHEE) $ 300           Since the adjusted qualified higher education expenses ($300) are less than the Coverdell ESA distribution ($1,000), part of the distribution will be taxable. H&r block at home 2011 deluxe federal state efile The balance in Derek's account was $1,800 on December 31, 2013. H&r block at home 2011 deluxe federal state efile Prior to 2013, $2,100 had been contributed to this account. H&r block at home 2011 deluxe federal state efile Contributions for 2013 totaled $400. H&r block at home 2011 deluxe federal state efile Using the four steps outlined earlier, Derek figures the taxable portion of his distribution as shown below. H&r block at home 2011 deluxe federal state efile   1. H&r block at home 2011 deluxe federal state efile $1,000 (distribution) × $2,100 basis + $400 contributions  $1,800 value + $1,000 distribution           =$893 (basis portion of distribution)     2. H&r block at home 2011 deluxe federal state efile $1,000 (distribution)−$893 (basis portion of distribution)     = $107 (earnings included in distribution)   3. H&r block at home 2011 deluxe federal state efile $107 (earnings) × $300 AQHEE  $1,000 distribution       =$32 (tax-free earnings)     4. H&r block at home 2011 deluxe federal state efile $107 (earnings)−$32 (tax-free earnings)=$75 (taxable earnings)                 Derek must include $75 in income (Form 1040, line 21). H&r block at home 2011 deluxe federal state efile This is the amount of distributed earnings not used for adjusted qualified higher education expenses. H&r block at home 2011 deluxe federal state efile Coordination With Qualified Tuition Program (QTP) Distributions If a designated beneficiary receives distributions from both a Coverdell ESA and a QTP in the same year, and the total distribution is more than the beneficiary's adjusted qualified higher education expenses, those expenses must be allocated between the distribution from the Coverdell ESA and the distribution from the QTP before figuring how much of each distribution is taxable. H&r block at home 2011 deluxe federal state efile The following two examples illustrate possible allocations. H&r block at home 2011 deluxe federal state efile Example 1. H&r block at home 2011 deluxe federal state efile In 2013, Beatrice graduated from high school and began her first semester of college. H&r block at home 2011 deluxe federal state efile That year, she had $1,000 of qualified elementary and secondary education expenses (QESEE) for high school and $3,000 of qualified higher education expenses (QHEE) for college. H&r block at home 2011 deluxe federal state efile To pay these expenses, Beatrice withdrew $800 from her Coverdell ESA and $4,200 from her QTP. H&r block at home 2011 deluxe federal state efile No one claimed Beatrice as a dependent, nor was she eligible for an education credit. H&r block at home 2011 deluxe federal state efile She did not receive any tax-free educational assistance in 2013. H&r block at home 2011 deluxe federal state efile Beatrice must allocate her total qualified education expenses between the two distributions. H&r block at home 2011 deluxe federal state efile Beatrice knows that tax-free treatment will be available if she applies her $800 Coverdell ESA distribution toward her $1,000 of qualified education expenses for high school. H&r block at home 2011 deluxe federal state efile The qualified expenses are greater than the distribution, making the $800 Coverdell ESA distribution tax free. H&r block at home 2011 deluxe federal state efile Next, Beatrice matches her $4,200 QTP distribution to her $3,000 of QHEE, and finds she has an excess QTP distribution of $1,200 ($4,200 QTP − $3,000 QHEE). H&r block at home 2011 deluxe federal state efile She cannot use the extra $200 of high school expenses (from (1) above) against the QTP distribution because those expenses do not qualify a QTP for tax-free treatment. H&r block at home 2011 deluxe federal state efile Finally, Beatrice figures the taxable and tax-free portions of her QTP distribution based on her $3,000 of QHEE. H&r block at home 2011 deluxe federal state efile (See Figuring the Taxable Portion of a Distribution in chapter 8, Qualified Tuition Program for more information. H&r block at home 2011 deluxe federal state efile ) Example 2. H&r block at home 2011 deluxe federal state efile Assume the same facts as in Example 1 , except that Beatrice withdrew $1,800 from her Coverdell ESA and $3,200 from her QTP. H&r block at home 2011 deluxe federal state efile In this case, she allocates her qualified education expenses as follows. H&r block at home 2011 deluxe federal state efile Using the same reasoning as in Example 1, Beatrice matches $1,000 of her Coverdell ESA distribution to her $1,000 of QESEE—she has $800 of her distribution remaining. H&r block at home 2011 deluxe federal state efile Because higher education expenses can also qualify a Coverdell ESA distribution for tax-free treatment, Beatrice allocates her $3,000 of QHEE between the remaining $800 Coverdell ESA and the $3,200 QTP distributions ($4,000 total). H&r block at home 2011 deluxe federal state efile   $3,000 QHEE × $800 ESA distribution  $4,000 total distribution = $600 QHEE (ESA)     $3,000 QHEE × $3,200 QTP distribution  $4,000 total distribution = $2,400 QHEE (QTP)   Beatrice then figures the taxable part of her: Coverdell ESA distribution based on qualified education expenses of $1,600 ($1,000 QESEE + $600 QHEE). H&r block at home 2011 deluxe federal state efile See Figuring the Taxable Portion of a Distribution , earlier, in this chapter. H&r block at home 2011 deluxe federal state efile   QTP distribution based on her $2,400 of QHEE (see Figuring the Taxable Portion of a Distribution in chapter 8, Qualified Tuition Program). H&r block at home 2011 deluxe federal state efile The above examples show two types of allocation between distributions from a Coverdell ESA and a QTP. H&r block at home 2011 deluxe federal state efile However, you do not have to allocate your expenses in the same way. H&r block at home 2011 deluxe federal state efile You can use any reasonable method. H&r block at home 2011 deluxe federal state efile Losses on Coverdell ESA Investments If you have a loss on your investment in a Coverdell ESA, you may be able to deduct the loss on your income tax return. H&r block at home 2011 deluxe federal state efile You can deduct the loss only when all amounts from that account have been distributed and the total distributions are less than your unrecovered basis. H&r block at home 2011 deluxe federal state efile Your basis is the total amount of contributions to that Coverdell ESA. H&r block at home 2011 deluxe federal state efile You claim the loss as a miscellaneous itemized deduction on Schedule A (Form 1040), line 23 (Schedule A (Form 1040NR), line 9), subject to the 2%-of-adjusted-gross-income limit. H&r block at home 2011 deluxe federal state efile If you have distributions from more than one Coverdell ESA account during a year, you must combine the information (amount of distribution, basis, etc. H&r block at home 2011 deluxe federal state efile ) from all such accounts in order to determine your taxable earnings for the year. H&r block at home 2011 deluxe federal state efile By doing this, the loss from one ESA account reduces the distributed earnings (if any) from any other ESA account. H&r block at home 2011 deluxe federal state efile For examples of the calculation, see Losses on QTP Investments in chapter 8, Qualified Tuition Program. H&r block at home 2011 deluxe federal state efile Additional Tax on Taxable Distributions Generally, if you receive a taxable distribution, you also must pay a 10% additional tax on the amount included in income. H&r block at home 2011 deluxe federal state efile Exceptions. H&r block at home 2011 deluxe federal state efile   The 10% additional tax does not apply to distributions: Paid to a beneficiary (or to the estate of the designated beneficiary) on or after the death of the designated beneficiary. H&r block at home 2011 deluxe federal state efile Made because the designated beneficiary is disabled. H&r block at home 2011 deluxe federal state efile A person is considered to be disabled if he or she shows proof that he or she cannot do any substantial gainful activity because of his or her physical or mental condition. H&r block at home 2011 deluxe federal state efile A physician must determine that his or her condition can be expected to result in death or to be of long-continued and indefinite duration. H&r block at home 2011 deluxe federal state efile Included in income because the designated beneficiary received: A tax-free scholarship or fellowship (see Tax-Free Scholarships and Fellowships in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions), Veterans' educational assistance (see Veterans' Benefits in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions), Employer-provided educational assistance (see chapter 11, Employer-Provided Educational Assistance ), or Any other nontaxable (tax-free) payments (other than gifts or inheritances) received as educational assistance. H&r block at home 2011 deluxe federal state efile Made on account of the attendance of the designated beneficiary at a U. H&r block at home 2011 deluxe federal state efile S. H&r block at home 2011 deluxe federal state efile military academy (such as the USMA at West Point). H&r block at home 2011 deluxe federal state efile This exception applies only to the extent that the amount of the distribution does not exceed the costs of advanced education (as defined in section 2005(d)(3) of title 10 of the U. H&r block at home 2011 deluxe federal state efile S. H&r block at home 2011 deluxe federal state efile Code) attributable to such attendance. H&r block at home 2011 deluxe federal state efile Included in income only because the qualified education expenses were taken into account in determining the American opportunity or lifetime learning credit (see Coordination With American Opportunity and Lifetime Learning Credits , earlier). H&r block at home 2011 deluxe federal state efile Made before June 1, 2014, of an excess 2013 contribution (and any earnings on it). H&r block at home 2011 deluxe federal state efile The distributed earnings must be included in gross income for the year in which the excess contribution was made. H&r block at home 2011 deluxe federal state efile Exception (3) applies only to the extent the distribution is not more than the scholarship, allowance, or payment. H&r block at home 2011 deluxe federal state efile Figuring the additional tax. H&r block at home 2011 deluxe federal state efile    Use Part II of Form 5329, to figure any additional tax. H&r block at home 2011 deluxe federal state efile Report the amount on Form 1040, line 58, or Form 1040NR, line 56. H&r block at home 2011 deluxe federal state efile When Assets Must Be Distributed Any assets remaining in a Coverdell ESA must be distributed when either one of the following two events occurs. H&r block at home 2011 deluxe federal state efile The designated beneficiary reaches age 30. H&r block at home 2011 deluxe federal state efile In this case, the remaining assets must be distributed within 30 days after the beneficiary reaches age 30. H&r block at home 2011 deluxe federal state efile However, this rule does not apply if the beneficiary is a special needs beneficiary. H&r block at home 2011 deluxe federal state efile The designated beneficiary dies before reaching age 30. H&r block at home 2011 deluxe federal state efile In this case, the remaining assets must generally be distributed within 30 days after the date of death. H&r block at home 2011 deluxe federal state efile Exception for Transfer to Surviving Spouse or Family Member If a Coverdell ESA is transferred to a surviving spouse or other family member as the result of the death of the designated beneficiary, the Coverdell ESA retains its status. H&r block at home 2011 deluxe federal state efile (“Family member” was defined earlier under Rollovers . H&r block at home 2011 deluxe federal state efile ) This means the spouse or other family member can treat the Coverdell ESA as his or her own and does not need to withdraw the assets until he or she reaches age 30. H&r block at home 2011 deluxe federal state efile This age limitation does not apply if the new beneficiary is a special needs beneficiary. H&r block at home 2011 deluxe federal state efile There are no tax consequences as a result of the transfer. H&r block at home 2011 deluxe federal state efile How To Figure the Taxable Earnings When a total distribution is made because the designated beneficiary either reached age 30 or died, the earnings that accumulated tax free in the account must be included in taxable income. H&r block at home 2011 deluxe federal state efile You determine these earnings as shown in the following two steps. H&r block at home 2011 deluxe federal state efile Multiply the amount distributed by a fraction. H&r block at home 2011 deluxe federal state efile The numerator is the basis (contributions not previously distributed) at the end of 2012 plus total contributions for 2013 and the denominator is the balance in the account at the end of 2013 plus the amount distributed during 2013. H&r block at home 2011 deluxe federal state efile Subtract the amount figured in (1) from the total amount distributed during 2013. H&r block at home 2011 deluxe federal state efile The result is the amount of earnings included in the distribution. H&r block at home 2011 deluxe federal state efile For an example, see steps (1) and (2) of the Example under Figuring the Taxable Portion of a Distribution, earlier. H&r block at home 2011 deluxe federal state efile The beneficiary or other person receiving the distribution must report this amount on Form 1040, line 21, or Form 1040NR, line 21, listing the type and amount of income on the dotted line. H&r block at home 2011 deluxe federal state efile Worksheet 7-3 Instructions. H&r block at home 2011 deluxe federal state efile Coverdell ESA—Taxable Distributions and Basis Line G. H&r block at home 2011 deluxe federal state efile Enter the total distributions received from all Coverdell ESAs during 2013. H&r block at home 2011 deluxe federal state efile Do not include amounts rolled over to another ESA within 60 days (only one rollover is allowed during any 12-month period). H&r block at home 2011 deluxe federal state efile Also, do not include excess contributions that were distributed with the related earnings (or less any loss) before the first day of the sixth month of the tax year following the year for which the contributions were made. H&r block at home 2011 deluxe federal state efile Line 2. H&r block at home 2011 deluxe federal state efile Your basis (amount already taxed) in this Coverdell ESA as of December 31, 2012, is the total of:   •All contributions to this Coverdell ESA before 2013 •Minus the tax-free portion of any distributions from this Coverdell ESA before 2013. H&r block at home 2011 deluxe federal state efile   If your last distribution from this Coverdell ESA was before 2013, you must start with the basis in your account as of the end of the last year in which you took a distribution. H&r block at home 2011 deluxe federal state efile For years before 2002, you can find that amount on the last line of the worksheet in the Instructions for Form 8606, Nondeductible IRAs, that you completed for that year. H&r block at home 2011 deluxe federal state efile For years after 2001, you can find that amount by using the ending basis from the worksheet in Publication 970 for that year. H&r block at home 2011 deluxe federal state efile You can determine your basis in this Coverdell ESA as of December 31, 2012, by adding to the basis as of the end of that year any contributions made to that account after the year of the distribution and before 2013. H&r block at home 2011 deluxe federal state efile Line 4. H&r block at home 2011 deluxe federal state efile Enter the total distributions received from this Coverdell ESA in 2013. H&r block at home 2011 deluxe federal state efile Do not include amounts rolled over to another Coverdell ESA within 60 days (only one rollover is allowed during any 12-month period). H&r block at home 2011 deluxe federal state efile   Also, do not include excess contributions that were distributed with the related earnings (or less any loss) before the first day of the sixth month of the tax year following the year of the contributions. H&r block at home 2011 deluxe federal state efile Line 7. H&r block at home 2011 deluxe federal state efile Enter the total value of this Coverdell ESA as of December 31, 2013, plus any outstanding rollovers contributed to the account after 2012, but before the end of the 60-day rollover period. H&r block at home 2011 deluxe federal state efile A statement should be sent to you by January 31, 2014, for this Coverdell ESA showing the value on December 31, 2013. H&r block at home 2011 deluxe federal state efile   A rollover is a tax-free withdrawal from one Coverdell ESA that is contributed to another Coverdell ESA. H&r block at home 2011 deluxe federal state efile An outstanding rollover is any amount withdrawn within 60 days before the end of 2013 (November 2 through December 31) that was rolled over after December 31, 2013, but within the 60-day rollover period. H&r block at home 2011 deluxe federal state efile Worksheet 7-3. H&r block at home 2011 deluxe federal state efile Coverdell ESA—Taxable Distributions and Basis How to complete this worksheet. H&r block at home 2011 deluxe federal state efile • • • Complete Part I, lines A through H, on only one worksheet. H&r block at home 2011 deluxe federal state efile  Complete a separate Part II, lines 1 through 15, for each of your Coverdell ESAs. H&r block at home 2011 deluxe federal state efile  Complete Part III, the Summary (line 16), on only one worksheet. H&r block at home 2011 deluxe federal state efile Part I. H&r block at home 2011 deluxe federal state efile Qualified Education Expenses (Complete for total expenses)       A. H&r block at home 2011 deluxe federal state efile Enter your total qualified education expenses for 2013   A. H&r block at home 2011 deluxe federal state efile   B. H&r block at home 2011 deluxe federal state efile Enter those qualified education expenses paid for with tax-free educational assistance (for example, tax-free scholarships, veterans' educational benefits, Pell grants, employer-provided educational assistance)   B. H&r block at home 2011 deluxe federal state efile         C. H&r block at home 2011 deluxe federal state efile Enter those qualified higher education expenses deducted on Schedule C or C-EZ (Form 1040). H&r block at home 2011 deluxe federal state efile Schedule F (Form 1040), or as a miscellaneous itemized deduction on Schedule A (Form 1040 or 1040NR)   C. H&r block at home 2011 deluxe federal state efile         D. H&r block at home 2011 deluxe federal state efile Enter those qualified higher education expenses on which  an American opportunity or lifetime learning credit was based   D. H&r block at home 2011 deluxe federal state efile         E. H&r block at home 2011 deluxe federal state efile Add lines B, C, and D   D. H&r block at home 2011 deluxe federal state efile   F. H&r block at home 2011 deluxe federal state efile Subtract line E from line A. H&r block at home 2011 deluxe federal state efile This is your adjusted qualified education expense for 2013   E. H&r block at home 2011 deluxe federal state efile   G. H&r block at home 2011 deluxe federal state efile Enter your total distributions from all Coverdell ESAs during 2013. H&r block at home 2011 deluxe federal state efile Do not include rollovers  or the return of excess contributions (see instructions)   F. H&r block at home 2011 deluxe federal state efile   H. H&r block at home 2011 deluxe federal state efile Divide line F by line G. H&r block at home 2011 deluxe federal state efile Enter the result as a decimal (rounded to at least 3 places). H&r block at home 2011 deluxe federal state efile If the  result is 1. H&r block at home 2011 deluxe federal state efile 000 or more, enter 1. H&r block at home 2011 deluxe federal state efile 000   G. H&r block at home 2011 deluxe federal state efile . H&r block at home 2011 deluxe federal state efile Part II. H&r block at home 2011 deluxe federal state efile Taxable Distributions and Basis (Complete separately for each account) 1. H&r block at home 2011 deluxe federal state efile Enter the amount contributed to this Coverdell ESA for 2013, including contributions made for 2013 from January 1, 2014, through April 15, 2014. H&r block at home 2011 deluxe federal state efile Do not include rollovers or the return of excess contributions   1. H&r block at home 2011 deluxe federal state efile   2. H&r block at home 2011 deluxe federal state efile Enter your basis in this Coverdell ESA as of December 31, 2012 (see instructions)   2. H&r block at home 2011 deluxe federal state efile   3. H&r block at home 2011 deluxe federal state efile Add lines 1 and 2   3. H&r block at home 2011 deluxe federal state efile   4. H&r block at home 2011 deluxe federal state efile Enter the total distributions from this Coverdell ESA during 2013. H&r block at home 2011 deluxe federal state efile Do not include rollovers  or the return of excess contributions (see instructions)   4. H&r block at home 2011 deluxe federal state efile   5. H&r block at home 2011 deluxe federal state efile Multiply line 4 by line H. H&r block at home 2011 deluxe federal state efile This is the amount of adjusted qualified  education expense attributable to this Coverdell ESA   5. H&r block at home 2011 deluxe federal state efile         6. H&r block at home 2011 deluxe federal state efile Subtract line 5 from line 4   6. H&r block at home 2011 deluxe federal state efile         7. H&r block at home 2011 deluxe federal state efile Enter the total value of this Coverdell ESA as of December 31, 2013,  plus any outstanding rollovers (see instructions)   7. H&r block at home 2011 deluxe federal state efile         8. H&r block at home 2011 deluxe federal state efile Add lines 4 and 7   8. H&r block at home 2011 deluxe federal state efile         9. H&r block at home 2011 deluxe federal state efile Divide line 3 by line 8. H&r block at home 2011 deluxe federal state efile Enter the result as a decimal (rounded to  at least 3 places). H&r block at home 2011 deluxe federal state efile If the result is 1. H&r block at home 2011 deluxe federal state efile 000 or more, enter 1. H&r block at home 2011 deluxe federal state efile 000   9. H&r block at home 2011 deluxe federal state efile . H&r block at home 2011 deluxe federal state efile       10. H&r block at home 2011 deluxe federal state efile Multiply line 4 by line 9. H&r block at home 2011 deluxe federal state efile This is the amount of basis allocated to your  distributions, and is tax free   10. H&r block at home 2011 deluxe federal state efile     Note. H&r block at home 2011 deluxe federal state efile If line 6 is zero, skip lines 11 through 13, enter -0- on line 14, and go to line 15. H&r block at home 2011 deluxe federal state efile       11. H&r block at home 2011 deluxe federal state efile Subtract line 10 from line 4   11. H&r block at home 2011 deluxe federal state efile   12. H&r block at home 2011 deluxe federal state efile Divide line 5 by line 4. H&r block at home 2011 deluxe federal state efile Enter the result as a decimal (rounded to  at least 3 places). H&r block at home 2011 deluxe federal state efile If the result is 1. H&r block at home 2011 deluxe federal state efile 000 or more, enter 1. H&r block at home 2011 deluxe federal state efile 000   12. H&r block at home 2011 deluxe federal state efile . H&r block at home 2011 deluxe federal state efile       13. H&r block at home 2011 deluxe federal state efile Multiply line 11 by line 12. H&r block at home 2011 deluxe federal state efile This is the amount of qualified education  expenses allocated to your distributions, and is tax free   13. H&r block at home 2011 deluxe federal state efile   14. H&r block at home 2011 deluxe federal state efile Subtract line 13 from line 11. H&r block at home 2011 deluxe federal state efile This is the portion of the distributions from this  Coverdell ESA in 2013 that you must include in income   14. H&r block at home 2011 deluxe federal state efile   15. H&r block at home 2011 deluxe federal state efile Subtract line 10 from line 3. H&r block at home 2011 deluxe federal state efile This is your basis in this Coverdell ESA as of December 31, 2013   15. H&r block at home 2011 deluxe federal state efile   Part III. H&r block at home 2011 deluxe federal state efile Summary (Complete only once)       16. H&r block at home 2011 deluxe federal state efile Taxable amount. H&r block at home 2011 deluxe federal state efile Add together all amounts on line 14 for all your Coverdell ESAs. H&r block at home 2011 deluxe federal state efile Enter here  and include on Form 1040, line 21, or Form 1040NR, line 21, listing the type and amount of income on the dotted line   16. H&r block at home 2011 deluxe federal state efile   Prev  Up  Next   Home   More Online Publications
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The H&r Block At Home 2011 Deluxe Federal State Efile

H&r block at home 2011 deluxe federal state efile Index Symbols 1231 property sale, Sale of property interest. H&r block at home 2011 deluxe federal state efile 401(k) plans, Elective Deferrals Excess contributions, Excess Contributions 403(b) plans, Elective Deferrals Limit for, Limit for tax-sheltered annuities. H&r block at home 2011 deluxe federal state efile 457 plans, Elective Deferrals Limit for deferrals under, Limit for deferrals under section 457 plans. H&r block at home 2011 deluxe federal state efile 501(c)(18)(D) plans, Elective Deferrals Contributions, Section 501(c)(18)(D) contributions. H&r block at home 2011 deluxe federal state efile 501(c)(3) organizations, Student loans. H&r block at home 2011 deluxe federal state efile 529 program, Qualified tuition program (QTP). H&r block at home 2011 deluxe federal state efile 83(b) election, How to make the choice. H&r block at home 2011 deluxe federal state efile A Academic health centers Meals and lodging when teaching and research organization, Academic health center. H&r block at home 2011 deluxe federal state efile Accelerated death benefits, Accelerated Death Benefits Accident insurance, Accident or Health Plan Accidental death benefits, Accidental death benefits. H&r block at home 2011 deluxe federal state efile Accrual method taxpayers, Prepaid income. H&r block at home 2011 deluxe federal state efile Accrued leave payment At time of retirement or resignation, Accrued leave payment. H&r block at home 2011 deluxe federal state efile Disability retirement, Accrued leave payment. H&r block at home 2011 deluxe federal state efile Activity not for profit, Activity not for profit. H&r block at home 2011 deluxe federal state efile Adoption Employer assistance, Adoption Assistance Advance commissions, Miscellaneous Compensation Aircraft, Flights on employer-provided aircraft. H&r block at home 2011 deluxe federal state efile Airlines No-additional-cost services, No-Additional-Cost Services Valuation of flights on employer-provided aircraft, Flights on employer-provided aircraft. H&r block at home 2011 deluxe federal state efile Alaska Permanent Fund dividend, Alaska Permanent Fund dividend. H&r block at home 2011 deluxe federal state efile Alien status, waiver of, Waiver of alien status. H&r block at home 2011 deluxe federal state efile Aliens Nonresident, Nonresident aliens. H&r block at home 2011 deluxe federal state efile Alimony, Alimony. H&r block at home 2011 deluxe federal state efile Alternative minimum tax (AMT) Recoveries, refiguring of, Subject to alternative minimum tax. H&r block at home 2011 deluxe federal state efile Stock options, Alternative minimum tax (AMT). H&r block at home 2011 deluxe federal state efile Annuities Charitable gift, Charitable gift annuities. H&r block at home 2011 deluxe federal state efile Railroad retirement, Railroad retirement annuities. H&r block at home 2011 deluxe federal state efile Tax-sheltered, Limit for tax-sheltered annuities. H&r block at home 2011 deluxe federal state efile Archer MSAs, Archer MSA contributions. H&r block at home 2011 deluxe federal state efile , Medical savings accounts (Archer MSAs and Medicare Advantage MSAs). H&r block at home 2011 deluxe federal state efile Armed forces, Military Combat zone bonus, Veterans' benefits. H&r block at home 2011 deluxe federal state efile Disability, Disability. H&r block at home 2011 deluxe federal state efile Disability pensions, Military and Government Disability Pensions Health professions scholarship, Tuition Reduction Military action as cause of disability injuries, Terrorist attack or military action. H&r block at home 2011 deluxe federal state efile Qualified reservist distribution, Qualified reservist distribution (QRD). H&r block at home 2011 deluxe federal state efile Rehabilitative program payments, Veterans' benefits. H&r block at home 2011 deluxe federal state efile Retirement pay, Military retirement pay. H&r block at home 2011 deluxe federal state efile Veterans benefits, Veterans' benefits. H&r block at home 2011 deluxe federal state efile Assistance (see Tax help) Athletic facilities, employer-provided, Athletic Facilities Automobile (see Vehicle, employer-provided) Awards (see Damages from lawsuits) B Babysitting, Babysitting. H&r block at home 2011 deluxe federal state efile Back pay, award for, Back pay awards. H&r block at home 2011 deluxe federal state efile Backup withholding Barter exchange transactions, Backup withholding. H&r block at home 2011 deluxe federal state efile Bankruptcy Canceled debt not deemed to be income, Excluded debt. H&r block at home 2011 deluxe federal state efile Barter income, Bartering Below-market loans, Below-market loans. H&r block at home 2011 deluxe federal state efile Bequest for services, Bequest for services. H&r block at home 2011 deluxe federal state efile Bicycle, Transportation Fringe benefit, Qualified bicycle commuting. H&r block at home 2011 deluxe federal state efile Black lung benefit payments, Black lung benefit payments. H&r block at home 2011 deluxe federal state efile Bonuses, Bonuses and awards. H&r block at home 2011 deluxe federal state efile , Employee awards or bonuses. H&r block at home 2011 deluxe federal state efile Breach of contract Damages as income, Court awards and damages. H&r block at home 2011 deluxe federal state efile Bribes, Bribes. H&r block at home 2011 deluxe federal state efile Business expenses Reimbursements, Allowances and reimbursements. H&r block at home 2011 deluxe federal state efile Business income, Business and Investment Income, More information. H&r block at home 2011 deluxe federal state efile C Cafeteria plans, Cafeteria plans. H&r block at home 2011 deluxe federal state efile Campaign contributions, Campaign contributions. H&r block at home 2011 deluxe federal state efile Campus lodging, Qualified campus lodging. H&r block at home 2011 deluxe federal state efile , Moving Expense Reimbursements Cancellation of debt, Canceled Debts Cancellation of sales contracts, Canceled sales contract. H&r block at home 2011 deluxe federal state efile Capital gains Recoveries, Capital gains. H&r block at home 2011 deluxe federal state efile , Capital gains. H&r block at home 2011 deluxe federal state efile Capital gains or losses Employee stock option plans (ESOPs), Option granted at a discount. H&r block at home 2011 deluxe federal state efile Incentive stock options (ISOs), Incentive stock options (ISOs). H&r block at home 2011 deluxe federal state efile Sale of personal property, Sale of personal items. H&r block at home 2011 deluxe federal state efile Car (see Vehicle, employer-provided) Car pools, Car pools. H&r block at home 2011 deluxe federal state efile Cash or deferred arrangements (CODAs), Elective Deferrals Cash rebates, Cash rebates. H&r block at home 2011 deluxe federal state efile Casualty insurance Reimbursements from, Casualty insurance and other reimbursements. H&r block at home 2011 deluxe federal state efile Catch-up contributions, Catch-up contributions. H&r block at home 2011 deluxe federal state efile , Catch-up contributions. H&r block at home 2011 deluxe federal state efile Charitable gift annuities, Charitable gift annuities. H&r block at home 2011 deluxe federal state efile Child and Adult Care Food Program Payments to daycare providers, Food program payments to daycare providers. H&r block at home 2011 deluxe federal state efile Child support payments, Child support payments. H&r block at home 2011 deluxe federal state efile Childcare providers, Childcare providers. H&r block at home 2011 deluxe federal state efile , Food program payments to daycare providers. H&r block at home 2011 deluxe federal state efile Chronic illness, Chronically ill individual. H&r block at home 2011 deluxe federal state efile Accelerated death benefits paid to, Exclusion for chronic illness. H&r block at home 2011 deluxe federal state efile Citizens outside U. H&r block at home 2011 deluxe federal state efile S. H&r block at home 2011 deluxe federal state efile Exclusion of foreign income, Reminders Civil Rights Act of 1964, Title VII Back pay and damages for emotional distress under, Court awards and damages. H&r block at home 2011 deluxe federal state efile Clergy, Clergy Coal, Coal and iron ore. H&r block at home 2011 deluxe federal state efile Colleges and universities Faculty lodging, Faculty lodging. H&r block at home 2011 deluxe federal state efile Scholarships and fellowships, Scholarships and fellowships. H&r block at home 2011 deluxe federal state efile Commissions Advance, Miscellaneous Compensation Commuter highway vehicles, Transportation Compensation Employee, Employee Compensation Miscellaneous, Miscellaneous Compensation Unemployment, Unemployment compensation. H&r block at home 2011 deluxe federal state efile Workers', Workers' Compensation Compensatory damages, Other compensation. H&r block at home 2011 deluxe federal state efile , Court awards and damages. H&r block at home 2011 deluxe federal state efile Constructive receipt of income, Constructively received income. H&r block at home 2011 deluxe federal state efile Copyrights Infringement damages, Court awards and damages. H&r block at home 2011 deluxe federal state efile Royalties, Copyrights and patents. H&r block at home 2011 deluxe federal state efile Corporate directors, Corporate director. H&r block at home 2011 deluxe federal state efile Cost-of-living allowances, Government cost-of-living allowances. H&r block at home 2011 deluxe federal state efile Court awards, Court awards and damages. H&r block at home 2011 deluxe federal state efile (see also Damages from lawsuits) Credit card Insurance, Credit card insurance. H&r block at home 2011 deluxe federal state efile Credits Recoveries, refiguring of unused credits, Unused tax credits. H&r block at home 2011 deluxe federal state efile , Unused tax credits. H&r block at home 2011 deluxe federal state efile Currency transactions, foreign, Foreign currency transactions. H&r block at home 2011 deluxe federal state efile D Damages from lawsuits, Court awards and damages. H&r block at home 2011 deluxe federal state efile Back pay awards, Back pay awards. H&r block at home 2011 deluxe federal state efile Breach of contract, Court awards and damages. H&r block at home 2011 deluxe federal state efile Compensatory damages, Other compensation. H&r block at home 2011 deluxe federal state efile , Court awards and damages. H&r block at home 2011 deluxe federal state efile Emotional distress under Title VII, Civil Rights Act of 1964, Court awards and damages. H&r block at home 2011 deluxe federal state efile Punitive damages, Court awards and damages. H&r block at home 2011 deluxe federal state efile Daycare providers, Childcare providers. H&r block at home 2011 deluxe federal state efile (see also Childcare providers) Food program payments to, Food program payments to daycare providers. H&r block at home 2011 deluxe federal state efile De minimis benefits, De Minimis (Minimal) Benefits, Meals and Lodging Death benefits, Proceeds not received in installments. H&r block at home 2011 deluxe federal state efile (see also Life insurance) Accelerated, Accelerated Death Benefits Debts Canceled, Canceled Debts Excluded debt, Excluded debt. H&r block at home 2011 deluxe federal state efile Nonrecourse debts, Mortgage relief upon sale or other disposition. H&r block at home 2011 deluxe federal state efile Recourse, Mortgage relief upon sale or other disposition. H&r block at home 2011 deluxe federal state efile Stockholder's, Stockholder debt. H&r block at home 2011 deluxe federal state efile Deduction Costs of discrimination suits, Deduction for costs involved in unlawful discrimination suits. H&r block at home 2011 deluxe federal state efile Deferred compensation Nonqualified plans, Nonqualified deferred compensation plans. H&r block at home 2011 deluxe federal state efile , Nonqualified deferred compensation plans of nonqualified entities. H&r block at home 2011 deluxe federal state efile Dependent care benefits, Dependent Care Benefits Depletion allowance, Depletion. H&r block at home 2011 deluxe federal state efile Differential wage payments, Differential wage payments. H&r block at home 2011 deluxe federal state efile Armed forces, Differential wage payments. H&r block at home 2011 deluxe federal state efile Directors' fees, Corporate director. H&r block at home 2011 deluxe federal state efile Disability Military, Disability. H&r block at home 2011 deluxe federal state efile Pensions, Disability Pensions Workers' compensation, Disability pension. H&r block at home 2011 deluxe federal state efile Person with, Persons with disabilities. H&r block at home 2011 deluxe federal state efile Unemployment compensation, paid as substitute for, Types of unemployment compensation. H&r block at home 2011 deluxe federal state efile Disaster relief Disaster mitigation payments, Disaster mitigation payments. H&r block at home 2011 deluxe federal state efile Disaster Relief and Emergency Assistance Act Grants, Disaster relief grants. H&r block at home 2011 deluxe federal state efile Unemployment benefits, Unemployment Benefits Mitigation payments, Reminders Payments, Disaster relief payments. H&r block at home 2011 deluxe federal state efile Discounts Employee discounts, Employee Discounts Employee stock purchase plans, Option granted at a discount. H&r block at home 2011 deluxe federal state efile Mortgage loan for early payment, Discounted mortgage loan. H&r block at home 2011 deluxe federal state efile Dividends Restricted stock, Dividends received on restricted stock. H&r block at home 2011 deluxe federal state efile Divorced taxpayers Stock options exercised incident to divorce, Tax form. H&r block at home 2011 deluxe federal state efile Down payment assistance, Down payment assistance. H&r block at home 2011 deluxe federal state efile E Educational assistance Employer-provided, Educational Assistance Scholarships and fellowships, Scholarships and fellowships. H&r block at home 2011 deluxe federal state efile Educational institutions Faculty lodging, Faculty lodging. H&r block at home 2011 deluxe federal state efile Elderly persons Nutrition Program for the Elderly, Nutrition Program for the Elderly. H&r block at home 2011 deluxe federal state efile Tax Counseling for the Elderly, Volunteer tax counseling. H&r block at home 2011 deluxe federal state efile Election precinct officials, Election precinct official. H&r block at home 2011 deluxe federal state efile Elective deferrals, Elective Deferrals Catch-up contributions, Catch-up contributions. H&r block at home 2011 deluxe federal state efile , Catch-up contributions. H&r block at home 2011 deluxe federal state efile Excess annual additions, Excess Annual Additions Excess contributions, Excess Contributions Excess deferrals, Excess deferrals. H&r block at home 2011 deluxe federal state efile Increased limit for last 3 years prior to retirement age, Increased limit. H&r block at home 2011 deluxe federal state efile Limit on, Elective Deferrals Reporting by employer, Reporting by employer. H&r block at home 2011 deluxe federal state efile Emergency Homeowners' Loan Program, Hardest Hit Fund and Emergency Homeowners' Loan Program. H&r block at home 2011 deluxe federal state efile Emotional distress damages, Emotional distress. H&r block at home 2011 deluxe federal state efile Employee achievement awards, Employee achievement award. H&r block at home 2011 deluxe federal state efile Employee awards or bonuses, Employee awards or bonuses. H&r block at home 2011 deluxe federal state efile Employee compensation, Employee Compensation, Inherited property not substantially vested. H&r block at home 2011 deluxe federal state efile Fringe benefits, Fringe Benefits, Special valuation rules. H&r block at home 2011 deluxe federal state efile Restricted property, Restricted Property, Inherited property not substantially vested. H&r block at home 2011 deluxe federal state efile Retirement plan contributions, Retirement Plan Contributions Stock options, Stock Options, Statutory Stock Options Employee discounts, Employee Discounts Employee stock purchase plans, Statutory Stock Options, Employee stock purchase plan. H&r block at home 2011 deluxe federal state efile Employer, foreign, Foreign Employer Employer-owned life insurance, Employer-owned life insurance contract. H&r block at home 2011 deluxe federal state efile Employer-provided Educational assistance, Educational Assistance Vehicles, Employer-provided vehicles. H&r block at home 2011 deluxe federal state efile Employment Abroad, Employment abroad. H&r block at home 2011 deluxe federal state efile Agency fees, Employment agency fees. H&r block at home 2011 deluxe federal state efile Contracts Severance pay for cancellation of, Severance pay. H&r block at home 2011 deluxe federal state efile Endowment proceeds, Endowment Contract Proceeds Energy Assistance, Payments to reduce cost of winter energy. H&r block at home 2011 deluxe federal state efile Conservation Subsidies, Energy conservation subsidies. H&r block at home 2011 deluxe federal state efile Utility rebates, Utility rebates. H&r block at home 2011 deluxe federal state efile Estate income, Estate and trust income. H&r block at home 2011 deluxe federal state efile Estimated tax Unemployment compensation, Tax withholding. H&r block at home 2011 deluxe federal state efile Excess Annual additions, Excess Annual Additions Contributions, Excess Contributions Deferrals, Excess deferrals. H&r block at home 2011 deluxe federal state efile Expected inheritance, Expected inheritance. H&r block at home 2011 deluxe federal state efile Expenses paid by another, Expenses paid by another. H&r block at home 2011 deluxe federal state efile Exxon Valdez settlement, Exxon Valdez settlement income. H&r block at home 2011 deluxe federal state efile Eligible retirement plan, Contributions to eligible retirement plan. H&r block at home 2011 deluxe federal state efile Income averaging, Income averaging. H&r block at home 2011 deluxe federal state efile Legal expenses, Legal expenses. H&r block at home 2011 deluxe federal state efile Reporting requirement-statement, Statement. H&r block at home 2011 deluxe federal state efile F Faculty lodging, Faculty lodging. H&r block at home 2011 deluxe federal state efile Fair market value (FMV), Fair market value. H&r block at home 2011 deluxe federal state efile Stock options, Grant of option. H&r block at home 2011 deluxe federal state efile Farming Qualified farm debt, cancellation of, Excluded debt. H&r block at home 2011 deluxe federal state efile Federal employees Accrued leave payment, Accrued leave payment. H&r block at home 2011 deluxe federal state efile Cost-of-living allowances, Government cost-of-living allowances. H&r block at home 2011 deluxe federal state efile Disability pensions, Military and Government Disability Pensions Thrift Savings Plan for, Elective Deferrals Federal Employees Compensation Act (FECA) payments, Federal Employees' Compensation Act (FECA). H&r block at home 2011 deluxe federal state efile Federal income tax Refunds, Federal income tax refund. H&r block at home 2011 deluxe federal state efile Fees for services, Fees for services. H&r block at home 2011 deluxe federal state efile Financial counseling fees, Financial Counseling Fees Fellowships, Scholarships and fellowships. H&r block at home 2011 deluxe federal state efile FICA withholding Foreign employers, U. H&r block at home 2011 deluxe federal state efile S. H&r block at home 2011 deluxe federal state efile citizens working for in U. H&r block at home 2011 deluxe federal state efile S. H&r block at home 2011 deluxe federal state efile , Social security and Medicare taxes. H&r block at home 2011 deluxe federal state efile Paid by employer, Social security and Medicare taxes paid by employer. H&r block at home 2011 deluxe federal state efile Fiduciaries Fees for services, Fees for services. H&r block at home 2011 deluxe federal state efile , Personal representatives. H&r block at home 2011 deluxe federal state efile Financial counseling fees, Financial Counseling Fees (see also Retirement planning services) Fitness programs Employer-provided, Athletic Facilities Flights Employer-provided aircraft, Flights on employer-provided aircraft. H&r block at home 2011 deluxe federal state efile No-additional-cost services, No-Additional-Cost Services Food benefits Daycare providers, food program payments to, Food program payments to daycare providers. H&r block at home 2011 deluxe federal state efile Nutrition Program for the Elderly, Nutrition Program for the Elderly. H&r block at home 2011 deluxe federal state efile Foreign Currency transactions, Foreign currency transactions. H&r block at home 2011 deluxe federal state efile Employment, Foreign Employer Governments, employees of, Employees of international organizations or foreign governments. H&r block at home 2011 deluxe federal state efile Income, Reminders Service, Service-connected disability. H&r block at home 2011 deluxe federal state efile Form 1040 Excess contributions to elective deferrals, Excess Contributions Recoveries, Where to report. H&r block at home 2011 deluxe federal state efile Unemployment compensation, Unemployment Benefits Wages from Form W-2, Employee Compensation Form 1040 or 1040A, Schedule B Restricted stock dividends, Stock you chose to include in your income. H&r block at home 2011 deluxe federal state efile Form 1040, Schedule A Outplacement services, deduction for, Outplacement services. H&r block at home 2011 deluxe federal state efile Repayment of commissions paid in advance, Advance commissions and other earnings. H&r block at home 2011 deluxe federal state efile Form 1040, Schedule C Bartering, Bartering Childcare providers to use, Childcare providers. H&r block at home 2011 deluxe federal state efile Personal property rental, reporting income from, Reporting business income and expenses. H&r block at home 2011 deluxe federal state efile Royalties, Royalties Form 1040, Schedule C-EZ Bartering, Bartering Childcare Providers to use, Childcare providers. H&r block at home 2011 deluxe federal state efile Personal property rental, reporting income from, Reporting business income and expenses. H&r block at home 2011 deluxe federal state efile Royalties, Royalties Form 1040, Schedule D Stock options, Sale of the stock. H&r block at home 2011 deluxe federal state efile Stock options reported on, Statutory Stock Options Form 1040, Schedule E Partner's return, Partner's return. H&r block at home 2011 deluxe federal state efile Royalties, Royalties Form 1040A Recoveries, Where to report. H&r block at home 2011 deluxe federal state efile Unemployment compensation, Unemployment Benefits Wages from Form W-2, Employee Compensation Form 1040EZ Recoveries, Where to report. H&r block at home 2011 deluxe federal state efile Unemployment compensation, Unemployment Benefits Wages from Form W-2, Employee Compensation Form 1041 Estates and trusts, Estate and trust income. H&r block at home 2011 deluxe federal state efile Form 1041, Schedule K-1 Beneficiary's share of income, deductions, credits, etc. H&r block at home 2011 deluxe federal state efile , Estate and trust income. H&r block at home 2011 deluxe federal state efile Form 1065 Partnership return, Partnership return. H&r block at home 2011 deluxe federal state efile Form 1065, Schedule K-1 Partner's share of income, Schedule K-1 (Form 1065). H&r block at home 2011 deluxe federal state efile , Partnership Income Form 1098 Mortgage interest statement, Mortgage interest refund. H&r block at home 2011 deluxe federal state efile Form 1099-B Barter exchange transactions, Form 1099-B from barter exchange. H&r block at home 2011 deluxe federal state efile , Backup withholding. H&r block at home 2011 deluxe federal state efile Form 1099-C Cancellation of debt, Form 1099-C. H&r block at home 2011 deluxe federal state efile Form 1099-DIV Restricted stock dividends, Stock you chose to include in your income. H&r block at home 2011 deluxe federal state efile Form 1099-G State tax refunds, State tax refund. H&r block at home 2011 deluxe federal state efile Unemployment compensation, Unemployment Benefits Form 1099-MISC Services totaling $600 or more, Fees for services. H&r block at home 2011 deluxe federal state efile Stock options exercised incident to divorce, Tax form. H&r block at home 2011 deluxe federal state efile Form 1099-R Charitable gift annuities, Charitable gift annuities. H&r block at home 2011 deluxe federal state efile Excess annual additions, Excess Annual Additions Excess deferral amounts, Excess distributed to you. H&r block at home 2011 deluxe federal state efile Surrender of life insurance policy for cash, Surrender of policy for cash. H&r block at home 2011 deluxe federal state efile Form 1120-POL Political organizations, Campaign contributions. H&r block at home 2011 deluxe federal state efile Form 1120S S corporation return, S corporation return. H&r block at home 2011 deluxe federal state efile Form 1120S, Schedule K-1 Shareholder's share of income, credits, deductions, etc. H&r block at home 2011 deluxe federal state efile , Schedule K-1 (Form 1120S). H&r block at home 2011 deluxe federal state efile Form 2441 Child and dependent care expenses, Dependent Care Benefits Form 4255 Recapture of investment credit, Amounts Recovered for Credits Form 6251 Alternative minimum tax, Alternative minimum tax (AMT). H&r block at home 2011 deluxe federal state efile Form 8839 Adoption assistance, Adoption Assistance Form 8853 Accelerated death benefits, Form 8853. H&r block at home 2011 deluxe federal state efile Archer MSAs and long-term care insurance contracts, Archer MSA contributions. H&r block at home 2011 deluxe federal state efile Form 8919 Uncollected social security and Medicare tax on wages, Employee Compensation Form RRB-1099 Railroad retirement board payments, Form RRB-1099. H&r block at home 2011 deluxe federal state efile Form SSA-1099 Social security benefit statement, Form SSA-1099. H&r block at home 2011 deluxe federal state efile Form W-2 501(c)(18)(D) contributions, Section 501(c)(18)(D) contributions. H&r block at home 2011 deluxe federal state efile Accrued leave payment at time of retirement or resignation, Accrued leave payment. H&r block at home 2011 deluxe federal state efile Back pay awards, Back pay awards. H&r block at home 2011 deluxe federal state efile Bonuses or awards, Bonuses and awards. H&r block at home 2011 deluxe federal state efile Elective deferrals, reporting by employer, Reporting by employer. H&r block at home 2011 deluxe federal state efile Failure to receive from employer, Employee Compensation Fringe benefits reported on, Form W-2. H&r block at home 2011 deluxe federal state efile Stock options from employers, Tax form. H&r block at home 2011 deluxe federal state efile Wage and tax statement, Employee Compensation Form W-2G Gambling winnings, Form W-2G. H&r block at home 2011 deluxe federal state efile Form W-4V Unemployment compensation, voluntary withholding request, Tax withholding. H&r block at home 2011 deluxe federal state efile Form W-9 Request for taxpayer identification number, Backup withholding. H&r block at home 2011 deluxe federal state efile Foster care, Foster care providers. H&r block at home 2011 deluxe federal state efile Foster Grandparent Program, National Senior Service Corps programs. H&r block at home 2011 deluxe federal state efile Found property, Found property. H&r block at home 2011 deluxe federal state efile Free tax services, Free help with your tax return. H&r block at home 2011 deluxe federal state efile Fringe benefits, Fringe Benefits, Special valuation rules. H&r block at home 2011 deluxe federal state efile Accident and health insurance, Accident or Health Plan Adoption, employer assistance, Adoption Assistance Athletic facilities, Athletic Facilities Commuter highway vehicles, Transportation De minimis benefits, De Minimis (Minimal) Benefits, Meals and Lodging Dependent care benefits, Dependent Care Benefits Educational assistance, Educational Assistance Employee discounts, Employee Discounts Faculty lodging, Faculty lodging. H&r block at home 2011 deluxe federal state efile Financial counseling fees, Financial Counseling Fees Holiday gifts, Holiday gifts. H&r block at home 2011 deluxe federal state efile Meals and lodging, Meals and Lodging Moving expenses (see Moving expenses) No-additional-cost services, No-Additional-Cost Services Parking, Transportation Retirement planning (see Retirement planning services) Transit pass, Transportation, Transit pass. H&r block at home 2011 deluxe federal state efile Tuition reduction, Tuition Reduction Valuation of, Valuation of Fringe Benefits, Special valuation rules. H&r block at home 2011 deluxe federal state efile Vehicle, Employer-provided vehicles. H&r block at home 2011 deluxe federal state efile Working condition benefits, Working Condition Benefits Frozen deposits Interest on, Interest on frozen deposits. H&r block at home 2011 deluxe federal state efile G Gambling winnings and losses, Gambling winnings. H&r block at home 2011 deluxe federal state efile Gas Royalties from, Oil, gas, and minerals. H&r block at home 2011 deluxe federal state efile Gifts, Gifts and inheritances. H&r block at home 2011 deluxe federal state efile Holiday gifts from employer, Holiday gifts. H&r block at home 2011 deluxe federal state efile Government employees (see Federal employees; State employees) Grantor trusts, Grantor trust. H&r block at home 2011 deluxe federal state efile Group-term life insurance Worksheets, Figuring the taxable cost. H&r block at home 2011 deluxe federal state efile , Worksheet 1. H&r block at home 2011 deluxe federal state efile Figuring the Cost of Group-Term Life Insurance To Include in Income—Illustrated Gulf oil spill, Reminders, Gulf oil spill. H&r block at home 2011 deluxe federal state efile H HAMP Home affordable modification program Pay-for-performance success payments, Home Affordable Modification Program (HAMP). H&r block at home 2011 deluxe federal state efile Hardest Hit Fund Program, Hardest Hit Fund and Emergency Homeowners' Loan Program. H&r block at home 2011 deluxe federal state efile Health Flexible spending arrangement, Health flexible spending arrangement (health FSA). H&r block at home 2011 deluxe federal state efile Insurance, Accident or Health Plan Reimbursement arrangement, Health reimbursement arrangement (HRA). H&r block at home 2011 deluxe federal state efile Savings account, Health savings accounts (HSA). H&r block at home 2011 deluxe federal state efile Help (see Tax help) Highly compensated employees Excess contributions to elective deferrals, Excess Contributions Historic preservation grants, Historic preservation grants. H&r block at home 2011 deluxe federal state efile Hobby losses, Hobby losses. H&r block at home 2011 deluxe federal state efile Holding period requirement, Holding period requirement. H&r block at home 2011 deluxe federal state efile Holiday gifts, Holiday gifts. H&r block at home 2011 deluxe federal state efile Holocaust victims restitution, Holocaust victims restitution. H&r block at home 2011 deluxe federal state efile Home, sale of, Sale of home. H&r block at home 2011 deluxe federal state efile Host or hostess, Host or Hostess Hotels No-additional-cost services, No-Additional-Cost Services Housing (see Lodging) I Illegal activities, Illegal activities. H&r block at home 2011 deluxe federal state efile Incentive stock options (ISOs), Statutory Stock Options, Incentive stock options (ISOs). H&r block at home 2011 deluxe federal state efile Income Assigned, Assignment of income. H&r block at home 2011 deluxe federal state efile Business and investment, Business and Investment Income, More information. H&r block at home 2011 deluxe federal state efile Constructive receipt of, Constructively received income. H&r block at home 2011 deluxe federal state efile Estate and trust, Estate and trust income. H&r block at home 2011 deluxe federal state efile Foreign employers, Foreign Employer Illegal, Illegal activities. H&r block at home 2011 deluxe federal state efile Miscellaneous, Miscellaneous Income Other, Other Income Partnership, Partnership Income Prepaid, Prepaid income. H&r block at home 2011 deluxe federal state efile S corporation, S Corporation Income Indian fishing rights, Indian fishing rights. H&r block at home 2011 deluxe federal state efile Indian money account, Indian money account litigation settlement. H&r block at home 2011 deluxe federal state efile Individual retirement arrangements (IRAs) Deduction, Benefits may affect your IRA deduction. H&r block at home 2011 deluxe federal state efile Inherited IRA, Inherited pension or IRA. H&r block at home 2011 deluxe federal state efile Inheritance, Gifts and inheritances. H&r block at home 2011 deluxe federal state efile IRA, Inherited pension or IRA. H&r block at home 2011 deluxe federal state efile Property not substantially vested, Inherited property not substantially vested. H&r block at home 2011 deluxe federal state efile Injury benefits, Sickness and Injury Benefits, Reimbursement for medical care. H&r block at home 2011 deluxe federal state efile Insurance Credit card, Credit card insurance. H&r block at home 2011 deluxe federal state efile Health, Accident or Health Plan Life (see Life insurance) Long-term care (see Long-term care insurance) Interest Canceled debt including, Interest included in canceled debt. H&r block at home 2011 deluxe federal state efile Frozen deposits, Interest on frozen deposits. H&r block at home 2011 deluxe federal state efile Mortgage refunds, Mortgage interest refund. H&r block at home 2011 deluxe federal state efile Option on insurance, Interest option on insurance. H&r block at home 2011 deluxe federal state efile Recovery amounts, Interest on recovery. H&r block at home 2011 deluxe federal state efile Savings bond, Interest on qualified savings bonds. H&r block at home 2011 deluxe federal state efile State and local government obligations, Interest on state and local government obligations. H&r block at home 2011 deluxe federal state efile Interference with business operations Damages as income, Court awards and damages. H&r block at home 2011 deluxe federal state efile International organizations, employees of, Foreign Employer Interview expenses, Job interview expenses. H&r block at home 2011 deluxe federal state efile Investment counseling fees, Financial Counseling Fees (see also Retirement planning services) Investment income, Business and Investment Income, More information. H&r block at home 2011 deluxe federal state efile IRAs (see Individual retirement arrangements (IRAs)) Iron ore, Coal and iron ore. H&r block at home 2011 deluxe federal state efile Itemized deductions Limited, Itemized deductions limited. H&r block at home 2011 deluxe federal state efile Recoveries, Recoveries, Itemized Deduction Recoveries J Job interview expenses, Job interview expenses. H&r block at home 2011 deluxe federal state efile Joint returns Social security benefits or railroad retirement payments, Joint return. H&r block at home 2011 deluxe federal state efile Joint state/local tax return Recoveries, Joint state or local income tax return. H&r block at home 2011 deluxe federal state efile Jury duty pay, Jury duty. H&r block at home 2011 deluxe federal state efile K Kickbacks, Kickbacks. H&r block at home 2011 deluxe federal state efile L Labor unions Convention expenses, reimbursed, Reimbursed union convention expenses. H&r block at home 2011 deluxe federal state efile Dues, Union benefits and dues. H&r block at home 2011 deluxe federal state efile Strike and lockout benefits, Strike and lockout benefits. H&r block at home 2011 deluxe federal state efile Unemployment benefits paid from, Payments by a union. H&r block at home 2011 deluxe federal state efile Last day of tax year, income received on, Constructively received income. H&r block at home 2011 deluxe federal state efile Leave (see Accrued leave payment) Length-of-service awards, Employee achievement award. H&r block at home 2011 deluxe federal state efile Life insurance Employer-owned, Employer-owned life insurance contract. H&r block at home 2011 deluxe federal state efile Proceeds, Life Insurance Proceeds Surrender of policy for cash, Surrender of policy for cash. H&r block at home 2011 deluxe federal state efile Loans, Discounted mortgage loan. H&r block at home 2011 deluxe federal state efile (see also Mortgage) Below-market, Below-market loans. H&r block at home 2011 deluxe federal state efile Student, Student loans. H&r block at home 2011 deluxe federal state efile Lockout benefits, Strike and lockout benefits. H&r block at home 2011 deluxe federal state efile Lodging Campus lodging, Qualified campus lodging. H&r block at home 2011 deluxe federal state efile , Moving Expense Reimbursements Clergy, Housing Employer-paid or reimbursed, Meals and Lodging Faculty lodging, Faculty lodging. H&r block at home 2011 deluxe federal state efile Replacement housing payments, Replacement housing payments. H&r block at home 2011 deluxe federal state efile Long-term care insurance, Long-term care coverage. H&r block at home 2011 deluxe federal state efile , Long-Term Care Insurance Contracts Lotteries and raffles, Lotteries and raffles. H&r block at home 2011 deluxe federal state efile Lump-sum distributions Survivor benefits, Lump-sum payments. H&r block at home 2011 deluxe federal state efile M Manufacturer incentive payments, Manufacturer incentive payments. H&r block at home 2011 deluxe federal state efile Meals Employer-paid or reimbursed, Meals and Lodging Nutrition Program for the Elderly, Nutrition Program for the Elderly. H&r block at home 2011 deluxe federal state efile Medical Care reimbursements, Reimbursement for medical care. H&r block at home 2011 deluxe federal state efile Savings accounts, Medical savings accounts (Archer MSAs and Medicare Advantage MSAs). H&r block at home 2011 deluxe federal state efile Medicare Advantage MSAs, Medical savings accounts (Archer MSAs and Medicare Advantage MSAs). H&r block at home 2011 deluxe federal state efile Benefits, Medicare. H&r block at home 2011 deluxe federal state efile Tax paid by employer, Social security and Medicare taxes paid by employer. H&r block at home 2011 deluxe federal state efile Medicare tax (see Social security and Medicare taxes) Military (see Armed forces) Minerals Royalties from, Oil, gas, and minerals. H&r block at home 2011 deluxe federal state efile Miscellaneous Compensation, Miscellaneous Compensation Income, Miscellaneous Income Missing children, photographs of, Reminders Mortgage Assistance payment (under sec. H&r block at home 2011 deluxe federal state efile 235 of National Housing Act), Mortgage assistance payments under section 235 of the National Housing Act. H&r block at home 2011 deluxe federal state efile Discounted loan, Discounted mortgage loan. H&r block at home 2011 deluxe federal state efile Interest refund, Mortgage interest refund. H&r block at home 2011 deluxe federal state efile Qualified principal residence indebtedness, Qualified principal residence indebtedness (QPRI). H&r block at home 2011 deluxe federal state efile Relief, Mortgage relief upon sale or other disposition. H&r block at home 2011 deluxe federal state efile Motor vehicle, employer-provided, Employer-provided vehicles. H&r block at home 2011 deluxe federal state efile Moving expenses Reimbursements, Allowances and reimbursements. H&r block at home 2011 deluxe federal state efile , Moving expense reimbursements. H&r block at home 2011 deluxe federal state efile MSAs (Medical savings accounts), Medical savings accounts (Archer MSAs and Medicare Advantage MSAs). H&r block at home 2011 deluxe federal state efile N National Health Service Corps Scholarship Program, Tuition Reduction National Oceanic and Atmospheric Administration, Service-connected disability. H&r block at home 2011 deluxe federal state efile National Senior Service Corps, National Senior Service Corps programs. H&r block at home 2011 deluxe federal state efile No-additional-cost services, No-Additional-Cost Services No-fault car insurance Disability benefits under, Other compensation. H&r block at home 2011 deluxe federal state efile Nobel prize, Pulitzer, Nobel, and similar prizes. H&r block at home 2011 deluxe federal state efile Nonrecourse debt, Mortgage relief upon sale or other disposition. H&r block at home 2011 deluxe federal state efile Nonstatutory stock options, Nonstatutory Stock Options Nontaxable income, Introduction Not-for-profit activities, Activity not for profit. H&r block at home 2011 deluxe federal state efile Notary fees, Notary public. H&r block at home 2011 deluxe federal state efile Notes received for services, Note received for services. H&r block at home 2011 deluxe federal state efile Nutrition Program for the Elderly, Nutrition Program for the Elderly. H&r block at home 2011 deluxe federal state efile O Oil Royalties from, Oil, gas, and minerals. H&r block at home 2011 deluxe federal state efile Old-age, survivors, and disability insurance benefits (OASDI), Old-age, survivors, and disability insurance benefits (OASDI). H&r block at home 2011 deluxe federal state efile Options, stock, Stock Options, Statutory Stock Options Outplacement services, Outplacement services. H&r block at home 2011 deluxe federal state efile Overseas work, Reminders P Parking fees Employer-paid or reimbursed, Transportation, Qualified parking. H&r block at home 2011 deluxe federal state efile Partner and partnership income, Partnership Income Patents Infringement damages, Court awards and damages. H&r block at home 2011 deluxe federal state efile Royalties, Copyrights and patents. H&r block at home 2011 deluxe federal state efile Peace Corps, Peace Corps. H&r block at home 2011 deluxe federal state efile Pensions Clergy, Pension. H&r block at home 2011 deluxe federal state efile Disability pensions, Disability Pensions Inherited pensions, Inherited pension or IRA. H&r block at home 2011 deluxe federal state efile Military, Military retirement pay. H&r block at home 2011 deluxe federal state efile Personal property Rental income and expense, Rents From Personal Property Sale of, Sale of personal items. H&r block at home 2011 deluxe federal state efile Personal representatives (see Fiduciaries) Prepaid income, Prepaid income. H&r block at home 2011 deluxe federal state efile Price reduced after purchase, Price reduced after purchase. H&r block at home 2011 deluxe federal state efile Prizes and awards, Bonuses and awards. H&r block at home 2011 deluxe federal state efile , Prizes and awards. H&r block at home 2011 deluxe federal state efile Achievement awards, Employee achievement award. H&r block at home 2011 deluxe federal state efile Employee awards or bonuses, Employee awards or bonuses. H&r block at home 2011 deluxe federal state efile Length-of-service awards, Employee achievement award. H&r block at home 2011 deluxe federal state efile Pulitzer, Nobel, and similar prizes, Pulitzer, Nobel, and similar prizes. H&r block at home 2011 deluxe federal state efile Safety achievement, Employee achievement award. H&r block at home 2011 deluxe federal state efile Scholarship prizes, Prizes. H&r block at home 2011 deluxe federal state efile Profit-sharing plan, Retirement and profit-sharing plans. H&r block at home 2011 deluxe federal state efile Public assistance benefits, Welfare and Other Public Assistance Benefits Public Health Service, Service-connected disability. H&r block at home 2011 deluxe federal state efile Public safety officers killed in line of duty, Public safety officer killed in the line of duty. H&r block at home 2011 deluxe federal state efile Public transportation passes, employer-provided, Transportation, Transit pass. H&r block at home 2011 deluxe federal state efile Publications (see Tax help) Pulitzer prize, Pulitzer, Nobel, and similar prizes. H&r block at home 2011 deluxe federal state efile Punitive damages, Court awards and damages. H&r block at home 2011 deluxe federal state efile Q Qualified joint venture, Reminders Qualified tuition program (QTP), Qualified tuition program (QTP). H&r block at home 2011 deluxe federal state efile R Raffles, Lotteries and raffles. H&r block at home 2011 deluxe federal state efile Railroad Retirement annuities, Railroad retirement annuities. H&r block at home 2011 deluxe federal state efile Retirement benefits, Social security and equivalent railroad retirement benefits. H&r block at home 2011 deluxe federal state efile Sick pay, Railroad sick pay. H&r block at home 2011 deluxe federal state efile Unemployment compensation benefits, Types of unemployment compensation. H&r block at home 2011 deluxe federal state efile Real estate Qualified real property business debt, cancellation of, Excluded debt. H&r block at home 2011 deluxe federal state efile Rebates Cash, Cash rebates. H&r block at home 2011 deluxe federal state efile Utility, Utility rebates. H&r block at home 2011 deluxe federal state efile Recovery of amounts previously deducted, Recoveries, Standard deduction for earlier years. H&r block at home 2011 deluxe federal state efile Itemized deductions, Recoveries, Itemized Deduction Recoveries Non-itemized deductions, Non-Itemized Deduction Recoveries Unused tax credits, refiguring of, Unused tax credits. H&r block at home 2011 deluxe federal state efile , Unused tax credits. H&r block at home 2011 deluxe federal state efile Refunds Federal income tax, Federal income tax refund. H&r block at home 2011 deluxe federal state efile Mortgage interest, Mortgage interest refund. H&r block at home 2011 deluxe federal state efile State tax, State tax refund. H&r block at home 2011 deluxe federal state efile Rehabilitative program payments, Veterans' benefits. H&r block at home 2011 deluxe federal state efile Reimbursements Business expenses, Allowances and reimbursements. H&r block at home 2011 deluxe federal state efile Casualty losses, Casualty insurance and other reimbursements. H&r block at home 2011 deluxe federal state efile Meals and lodging, Meals and Lodging Medical expenses, Reimbursement for medical care. H&r block at home 2011 deluxe federal state efile Moving expenses, Allowances and reimbursements. H&r block at home 2011 deluxe federal state efile , Moving expense reimbursements. H&r block at home 2011 deluxe federal state efile Related party transactions Stock option transfer, Transfer in non-arm's-length transaction. H&r block at home 2011 deluxe federal state efile Religious order members, Members of Religious Orders Rental income and expenses Personal property rental, Rents From Personal Property Reporting of, Reporting business income and expenses. H&r block at home 2011 deluxe federal state efile Repayments, Repayments, Year of deduction (or credit). H&r block at home 2011 deluxe federal state efile Repossession, Canceled sales contract. H&r block at home 2011 deluxe federal state efile Restricted property, Restricted Property, Inherited property not substantially vested. H&r block at home 2011 deluxe federal state efile Retired Senior Volunteer Program (RSVP), National Senior Service Corps programs. H&r block at home 2011 deluxe federal state efile Retirement Settlement, Reminders Retirement planning services, Financial Counseling Fees, Retirement Planning Services Retirement plans, Military retirement pay. H&r block at home 2011 deluxe federal state efile (see also Pensions) Automatic contribution arrangements, Qualified automatic contribution arrangements. H&r block at home 2011 deluxe federal state efile Contributions, Retirement Plan Contributions, Excess Annual Additions, Statutory Stock Options Elective deferrals (see Elective deferrals) Rewards, Rewards. H&r block at home 2011 deluxe federal state efile Roth contributions, Designated Roth contributions. H&r block at home 2011 deluxe federal state efile Royalties, Royalties S S corporations, S Corporation Income Safety achievement awards, Employee achievement award. H&r block at home 2011 deluxe federal state efile Salary reduction simplified employee pension plans (see SARSEPs) Sale of home, Sale of home. H&r block at home 2011 deluxe federal state efile Sales contracts Cancellation of, Canceled sales contract. H&r block at home 2011 deluxe federal state efile SARSEPs, Elective Deferrals Excess contributions, Excess Contributions Savings bonds, Interest on qualified savings bonds. H&r block at home 2011 deluxe federal state efile Savings incentive match plans for employees (see SIMPLE plans) Scholarships and fellowships, Scholarships and fellowships. H&r block at home 2011 deluxe federal state efile Self-employed persons U. H&r block at home 2011 deluxe federal state efile S. H&r block at home 2011 deluxe federal state efile citizens working for foreign employers in U. H&r block at home 2011 deluxe federal state efile S. H&r block at home 2011 deluxe federal state efile treated as, Social security and Medicare taxes. H&r block at home 2011 deluxe federal state efile Senior Companion Program, National Senior Service Corps programs. H&r block at home 2011 deluxe federal state efile Service Corps of Retired Executives (SCORE), Service Corps of Retired Executives (SCORE). H&r block at home 2011 deluxe federal state efile Severance pay, Severance pay. H&r block at home 2011 deluxe federal state efile Outplacement services, Outplacement services. H&r block at home 2011 deluxe federal state efile Sick pay, Sick pay. H&r block at home 2011 deluxe federal state efile Sickness and injury benefits, Sickness and Injury Benefits, Reimbursement for medical care. H&r block at home 2011 deluxe federal state efile SIMPLE plans, Elective Deferrals Limit for deferrals under, Limit for deferrals under SIMPLE plans. H&r block at home 2011 deluxe federal state efile Smallpox vaccine injuries, Smallpox vaccine injuries. H&r block at home 2011 deluxe federal state efile Social security and Medicare taxes Foreign employers, U. H&r block at home 2011 deluxe federal state efile S. H&r block at home 2011 deluxe federal state efile citizens working for in U. H&r block at home 2011 deluxe federal state efile S. H&r block at home 2011 deluxe federal state efile , Social security and Medicare taxes. H&r block at home 2011 deluxe federal state efile Paid by employer, Social security and Medicare taxes paid by employer. H&r block at home 2011 deluxe federal state efile Social security benefits, Social security and equivalent railroad retirement benefits. H&r block at home 2011 deluxe federal state efile Standard deduction Recoveries, Standard deduction limit. H&r block at home 2011 deluxe federal state efile , Standard deduction for earlier years. H&r block at home 2011 deluxe federal state efile State employees Unemployment benefits paid to, State employees. H&r block at home 2011 deluxe federal state efile State or local governments Interest on obligations of, Interest on state and local government obligations. H&r block at home 2011 deluxe federal state efile State or local taxes Refunds, State tax refund. H&r block at home 2011 deluxe federal state efile Statutory stock option holding period, Sale of the stock. H&r block at home 2011 deluxe federal state efile Stock appreciation rights, Stock appreciation rights. H&r block at home 2011 deluxe federal state efile Stock options, Stock Options, Statutory Stock Options Stock options, nonstatutory Exercise or transfer, Exercise or transfer of option. H&r block at home 2011 deluxe federal state efile Grant, Grant of option. H&r block at home 2011 deluxe federal state efile Sale, Sale of the stock. H&r block at home 2011 deluxe federal state efile Stock options, statutory Exercise, Exercise of option. H&r block at home 2011 deluxe federal state efile Grant, Grant of option. H&r block at home 2011 deluxe federal state efile Sale, Sale of the stock. H&r block at home 2011 deluxe federal state efile Stockholder debts, Stockholder debt. H&r block at home 2011 deluxe federal state efile Stolen property, Stolen property. H&r block at home 2011 deluxe federal state efile Strike benefits, Strike and lockout benefits. H&r block at home 2011 deluxe federal state efile Student loans Cancellation of debt, Student loans. H&r block at home 2011 deluxe federal state efile Substantial risk of forfeiture, Substantial risk of forfeiture. H&r block at home 2011 deluxe federal state efile Substantially vested property, Substantially vested. H&r block at home 2011 deluxe federal state efile Supplemental security income (SSI) payments, Social security and equivalent railroad retirement benefits. H&r block at home 2011 deluxe federal state efile Supplemental unemployment benefits, Supplemental unemployment benefits. H&r block at home 2011 deluxe federal state efile Surviving spouse Life insurance proceeds paid to, Surviving spouse. 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H&r block at home 2011 deluxe federal state efile Figuring the Cost of Group-Term Life Insurance To Include in Income—Illustrated Prev  Up     Home   More Online Publications