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previous pagePrevious Page: Instructions for Form 1040, U.S. Individual Income Tax Return - 1040
next pageNext Page: Instructions for Form 1040, U.S. Individual Income Tax Return - Filing Requirements
 Use previous pagenext page to find additional occurrences of topic items.Index for these Instructions
taxmap/instr/i1040gi-001.htm#TXMP71f78664

What's New for 2009(p6)


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taxmap/instr/i1040gi-001.htm#TXMP5c2daef8

Earned income credit (EIC).(p6)

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You may be able to take the EIC if:
The maximum AGI you can have and still get the credit also has increased. You may be able to take the credit if your AGI is less than the amount in the above list that applies to you. The maximum investment income you can have and still get the credit has increased to $3,100.
taxmap/instr/i1040gi-001.htm#TXMP6b0c8438

IRA deduction expanded.(p7)

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You may be able to take an IRA deduction if you were covered by a retirement plan and your 2009 modified AGI is less than $65,000 ($109,000 if married filing jointly or qualifying widow(er)). If your spouse was covered by a retirement plan, but you were not, you may be able to take an IRA deduction if your 2009 modified AGI is less than $176,000.
taxmap/instr/i1040gi-001.htm#TXMP2c077556

Elective salary deferrals.(p7)

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The maximum amount you can defer under all plans is generally limited to $16,500 ($11,500 if you only have SIMPLE plans; $19,500 for section 403(b) plans if you qualify for the 15-year rule). The catch-up contribution limit for individuals age 50 or older at the end of the year is increased to $5,500 (except for section 401(k)(11) plans and SIMPLE plans, for which this limit remains unchanged).
taxmap/instr/i1040gi-001.htm#TXMP6dde90f2

Divorced or separated parents.(p7)

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A noncustodial parent claiming an exemption for a child can no longer attach certain pages from a divorce decree or separation agreement instead of Form 8332 if the decree or agreement was executed after 2008. The noncustodial parent will have to attach Form 8332 or a similar statement signed by the custodial parent and whose only purpose is to release a claim to exemption.
taxmap/instr/i1040gi-001.htm#TXMP281226d8

Limit on exclusion of gain on sale of main home.(p7)

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Generally, gain from the sale of your main home is no longer excludable from income if it is allocable to periods after 2008 where neither you nor your spouse (or your former spouse) used the property as a main home. See Pub. 553 for more details.
taxmap/instr/i1040gi-001.htm#TXMP49da4ec8

Credit for plug-in electric drive motor vehicles.(p7)

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You may be able to take a credit if you place a plug-in electric drive motor vehicle in service in 2009.
taxmap/instr/i1040gi-001.htm#TXMP0f456510

Qualifying child definition revised.(p7)

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The following changes to the definition of a qualifying child apply to years after 2008.
taxmap/instr/i1040gi-001.htm#TXMP6da4686a

Credit for nonbusiness energy property.(p7)

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You may be able to take this credit for qualifying energy savings items for your home placed in service in 2009.
taxmap/instr/i1040gi-001.htm#TXMP2f3dcd6e

Personal casualty and theft loss limit.(p7)

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Generally, a personal casualty or theft loss must exceed $500 to be allowed for 2009. This is in addition to the 10% of AGI limit that generally applies to the net loss.
taxmap/instr/i1040gi-001.htm#TXMP799b1300

Alternative minimum tax (AMT) exemption amount decreased.(p7)

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The AMT exemption amount is decreased to $33,750 ($45,000 if married filing jointly or a qualifying widow(er); $22,500 if married filing separately).
taxmap/instr/i1040gi-001.htm#TXMP4e67f7b8

Allowance of certain personal credits against the AMT.(p7)

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The allowance of the following personal credits against the AMT has expired.
  
previous pagePrevious Page: Instructions for Form 1040, U.S. Individual Income Tax Return - 1040
next pageNext Page: Instructions for Form 1040, U.S. Individual Income Tax Return - Filing Requirements
 Use previous pagenext page to find additional occurrences of topic items.Index for these Instructions