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Publication 929
taxmap/pubs/p929-010.htm#en_us_publink1000203904

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Filled-in Qualified Dividends and Capital Gain Tax Worksheet #1

  • Be sure you do not have to file Form 1040 (see the instructions for Form 1040A, line 10)
1.Enter the amount from Form 1040A, line 271.48,800*   
2.Enter the amount from Form 1040A, line 9b2.300*     
3.Enter the amount from Form 1040A, line 103.200*     
4.Add lines 2 and 34.  500   
5.Subtract line 4 from line 1. If zero or less, enter -0-5.48,300   
6.Enter the smaller of:        
 • The amount on line 1, or        
 • $36,250 if single or married filing separately,         
   $72,500 if married filing jointly or qualifying widow(er),
   or
Right brace6.48,800*   
   $48,600 if head of household.         
7.Enter the smaller of line 5 or line 67.48,300   
8.Subtract line 7 from line 6. This amount is taxed at 0%8.    500    
9.Enter the smaller of line 1 or line 49.   500   
10.Enter the amount from line 810.    500   
11.Subtract line 10 from line 911.   -0-   
12.Multiply line 11 by 15% (.15)12.-0- 
13.Use the Tax Table to figure the tax on the amount on line 5. Enter the tax here13.6,356 
14.Add lines 12 and 1314.6,356 
15.Use the Tax Table to figure the tax on the amount on line 1. Enter the tax here15.6,431 
16.Tax on all taxable income. Enter the smaller of line 14 or line 15 here and on Form 1040A, line 28 16.6,356 
  
 *See the instructions under Using the Qualified Dividends and Capital Gain Tax Worksheet for line 9 tax in the Form 8615 instructions.
taxmap/pubs/p929-010.htm#en_us_publink1000203913

Filled-in Qualified Dividends and Capital Gain Tax Worksheet #2

  • Be sure you do not have to file Form 1040 (see the instructions for Form 1040A, line 10)
1.Enter the amount from Form 1040A, line 271.1,650*   
2.Enter the amount from Form 1040A, line 9b2.750*     
3.Enter the amount from Form 1040A, line 103.500*     
4.Add lines 2 and 34.1,250   
5.Subtract line 4 from line 1. If zero or less, enter -0-5.   400   
6.Enter the smaller of:        
 • The amount on line 1, or        
 • $36,250 if single or married filing separately,         
   $72,500 if married filing jointly or qualifying
   widow(er), or
Right brace6.1,650*   
   $48,600 if head of household.         
7.Enter the smaller of line 5 or line 67.   400   
8.Subtract line 7 from line 6. This amount is taxed at 0%8.1,250   
9.Enter the smaller of line 1 or line 49.1,250   
10.Enter the amount from line 8 10.1,250   
11.Subtract line 10 from line 911.-0-   
12.Multiply line 11 by 15% (.15)12.-0- 
13.Use the Tax Table to figure the tax on the amount on line 5. Enter the tax here13.41* 
14.Add lines 12 and 1314.41 
15.Use the Tax Table to figure the tax on the amount on line 1. Enter the tax here15.166* 
16.Tax on all taxable income. Enter the smaller of line 14 or line 15 here and on Form 1040A, line 28 16.41 
  
 *See the instructions under Using the Qualified Dividends and Capital Gain Tax Worksheet for line 15 tax in the Form 8615 instructions.
taxmap/pubs/p929-010.htm#en_us_publink1000203916

Filled-in Qualified Dividends and Capital Gain Tax Worksheet #3

  • Be sure you do not have to file Form 1040 (see the instructions for Form 1040A, line 10)
1.Enter the amount from Form 1040A, line 271.2,450   
2.Enter the amount from Form 1040A, line 9b2.1,050     
3.Enter the amount from Form 1040A, line 103.700     
4.Add lines 2 and 34.1,750   
5.Subtract line 4 from line 1. If zero or less, enter -0-5.   700   
6.Enter the smaller of:        
 • The amount on line 1, or        
 • $36,250 if single or married filing separately,         
   $72,500 if married filing jointly or qualifying
   widow(er), or
Right brace6.2,450   
   $48,600 if head of household.         
7.Enter the smaller of line 5 or line 67.  700   
8.Subtract line 7 from line 6. This amount is taxed at 0%8.1,750   
9.Enter the smaller of line 1 or line 49.1,750   
10.Enter the amount from line 8 10.1,750   
11.Subtract line 10 from line 911.-0-   
12.Multiply line 11 by 15% (.15)12.-0- 
13.Use the Tax Table to figure the tax on the amount on line 5. Enter the tax here13. 71 
14.Add lines 12 and 1314. 71 
15.Use the Tax Table to figure the tax on the amount on line 1. Enter the tax here15.246 
16.Tax on all taxable income. Enter the smaller of line 14 or line 15 here and on Form 1040A, line 28 16. 71 
  

Glossary

rule
Adjusted gross income.(p28)
Gross income (defined later) minus adjustments to income (defined next).
Adjustments to income.(p28)
Deductions that are subtracted from gross income in figuring adjusted gross income. They include deductions for moving expenses, alimony paid, a penalty on early withdrawal of savings, and contributions to an individual retirement arrangement (IRA). Adjustments to income can be taken even if itemized deductions (defined later) are not claimed.
Alternative minimum tax.(p28)
A tax designed to collect at least a minimum amount of tax from taxpayers who benefit from the tax laws that give special treatment to certain kinds of income and allow deductions and credits for certain kinds of expenses.
Capital gain distribution.(p28)
An allocated amount paid to, or treated as paid to, a shareholder by a mutual fund, regulated investment company, or real estate investment trust from its net realized long-term capital gains. This amount is in addition to any ordinary dividend paid to the shareholder. You will receive a statement from the payer if this applies to you.
Dependent.(p28)
A person, other than the taxpayer or the taxpayer's spouse, for whom an exemption (defined later) can be claimed. To be your dependent, a person must be your qualifying child or qualifying relative (both defined later). For more information, see Exemptions for Dependents in Publication 501.
Earned income.(p28)
Salaries, wages, tips, professional fees, and other amounts received as pay for work actually performed.
For purposes of determining a dependent's standard deduction, earned income also includes any part of a scholarship or fellowship grant that the dependent must include in his or her gross income.
For purposes of completing Form 8615, earned income also includes a taxable distribution from a qualified disability trust. It does not include unearned income as defined earlier, under Line 1 (Unearned Income).
Exemption.(p29)
An amount ($3,900 for 2013) that can be subtracted from income in figuring how much income will be taxed. Exemptions generally are allowed for the taxpayer, the taxpayer's spouse, and dependents.
Full-time student.(p29)
A full-time student is a child who during some part of each of any 5 calendar months of the year was enrolled as a full-time student at a school, or took a full-time on-farm training course given by a school or a state, county, or local government agency. A school includes a technical, trade, or mechanical school. It does not include an on-the-job training course, correspondence school, or school offering courses only through the Internet.
Gross income.(p29)
All income from all sources that is not exempt from tax and must be included on your tax return. Gross income is the total of your earned and unearned income.
For purposes of determining whether you must file a return, gross income includes gain from the sale of your main home (even if you can exclude part or all of it) and includes income earned outside the United States (even if you can exclude part or all of it).
Itemized deductions.(p29)
Deductions allowed on Schedule A (Form 1040) for medical and dental expenses, taxes, home mortgage interest and investment interest, charitable contributions, casualty and theft losses, and miscellaneous deductions. They are subtracted from adjusted gross income in figuring taxable income. Itemized deductions cannot be claimed if the standard deduction is chosen.
Net capital gain.(p29)
The excess of net long-term capital gain over any net short-term capital loss. For 2013, this is the smaller of the gain on line 15 or the gain on line 16 of Schedule D (Form 1040). If Schedule D (Form 1040) is not required, net capital gain is the amount of capital gain distributions on Form 1040, line 13; Form 1040A, line 10; or Form 1040NR, line 14.
Net unearned income.(p29)
The total of all unearned income (other than tax-exempt income) reduced by the sum of:
  1. Any adjustments to income (defined earlier) that are related to the unearned income, plus
  2. The larger of:
    1. $1,000 plus the portion of the child's itemized deductions on Schedule A (Form 1040), line 29 (or Schedule A (Form 1040NR), line 15), that are directly connected with producing the unearned income, or
    2. $2,000.
Qualified dividends.(p29)
Dividends eligible for the lower tax rates that apply to a net capital gain. They are reported to you in box 1b of Form 1099-DIV. You report them on Form 1040 or Form 1040A, line 9b, or Form 1040NR, line 10b. For more information, see Publication 550.
Qualifying child.(p29)
To be your dependent (defined earlier), a person must be either your qualifying child or your qualifying relative (defined next). Generally, a person is your qualifying child if that person:
  • Is your child, stepchild, foster child, brother, sister, stepbrother, stepsister, or a descendant of any of them,
  • Lived with you for more than half of the year,
  • Did not provide more than half of his or her own support for the year,
  • Was under age 19 at the end of the year and younger than you (or your spouse if filing jointly) (or was under age 24 at the end of the year, a student, and younger than you (or your spouse if filing jointly), or was any age and permanently and totally disabled), and
  • Did not file a joint return with his or her spouse.
For details, see Exemptions for Dependents in Publication 501.
Qualifying relative.(p29)
To be your dependent (defined earlier), a person must be either your qualifying child (defined earlier) or your qualifying relative. Generally, a person is your qualifying relative if that person:
  • Lives with or is related to you,
  • Does not have $3,900 or more of gross (total) income,
  • Is supported (generally more than 50%) by you, and
  • Is neither your qualifying child nor the qualifying child of anyone else.
For details, see Exemptions for Dependents in Publication 501.
Standard deduction.(p29)
An amount that can be subtracted from adjusted gross income in figuring taxable income. The standard deduction is not used if itemized deductions are claimed.
Support.(p29)
All amounts spent to provide the child with food, lodging, clothing, education, medical and dental care, recreation, transportation, and similar necessities. To figure your child's support, count support provided by you, your child, and others. However, a scholarship received by your child is not considered support if your child is a full-time student. See Publication 501 for details.
Tax year.(p29)
The time period covered by a tax return. Usually this is January 1 to December 31, a calendar year, but taxpayers can elect a fiscal tax year with different beginning and ending dates.
Taxable income.(p29)
Gross income minus any adjustments to income, any allowable exemptions, and either itemized deductions or the standard deduction.
Unearned income.(p29)
Income other than earned income. This is investment-type income and includes interest, dividends, and capital gains (including capital gain distributions), rents, royalties, etc. Distributions of interest, dividends, capital gains, and other unearned income from a trust are also unearned income to a beneficiary of the trust. However, for purposes of completing Form 8615, a taxable distribution from a qualified disability trust is considered earned income.
Unrecaptured section 1250 gain.(p30)
Generally, any part of your net capital gain from selling section 1250 property (real property) that is due to depreciation. For details, see Publication 550.
28% rate gain.(p30)
Gain from the sale of collectibles and, generally, the taxable part of your gain from the sale of qualified small business stock held more than 5 years. For details, see the instructions for Schedule D (Form 1040).
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How To Get Tax Help(p30)

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Whether it's help with a tax issue, preparing your tax return or a need for a free publication or form, get the help you need the way you want it: online, use a smart phone, call or walk in to an IRS office or volunteer site near you.
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Free help with your tax return.(p30)

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You can get free help preparing your return nationwide from IRS-certified volunteers. The Volunteer Income Tax Assistance (VITA) program helps low-to-moderate income, elderly, people with disabilities, and limited English proficient taxpayers. The Tax Counseling for the Elderly (TCE) program helps taxpayers age 60 and older with their tax returns. Most VITA and TCE sites offer free electronic filing and all volunteers will let you know about credits and deductions you may be entitled to claim. In addition, some VITA and TCE sites provide taxpayers the opportunity to prepare their own return with help from an IRS-certified volunteer. To find the nearest VITA or TCE site, you can use the VITA Locator Tool on IRS.gov, download the IRS2Go app, or call 1-800-906-9887.
As part of the TCE program, AARP offers the Tax-Aide counseling program. To find the nearest AARP Tax-Aide site, visit AARP's website at www.aarp.org/money/taxaide or call 1-888-227-7669. For more information on these programs, go to IRS.gov and enter "VITA" in the search box.
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Internet.(p30)

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IRS.gov and IRS2Go are ready when you are —24 hours a day, 7 days a week.
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(p31)

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Phone. You can call the IRS, or you can carry it in your pocket with the IRS2Go app on your smart phone or tablet. Download the free IRS2Go app from the iTunes app store or from Google Play.
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(p32)

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Walk-in. You can find a selection of forms, publications and services — in-person.
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(p32)

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Mail. You can send your order for forms, instructions, and publications to the address below. You should receive a response within 10 business days after your request is received.

Internal Revenue Service
1201 N. Mitsubishi Motorway
Bloomington, IL 61705-6613




The Taxpayer Advocate Service Is Here to Help You. The Taxpayer Advocate Service (TAS) is your voice at the IRS. Our job is to ensure that every taxpayer is treated fairly and that you know and understand your rights.

What can TAS do for you? We can offer you free help with IRS problems that you can't resolve on your own. We know this process can be confusing, but the worst thing you can do is nothing at all! TAS can help if you can't resolve your tax problem and:

If you qualify for our help, you'll be assigned to one advocate who'll be with you at every turn and will do everything possible to resolve your problem. Here's why we can help:

How can you reach us? If you think TAS can help you, call your local advocate, whose number is in your local directory and at Taxpayer Advocate, or call us toll-free at 1-877-777-4778.

How else does TAS help taxpayers?

TAS also works to resolve large-scale, systemic problems that affect many taxpayers. If you know of one of these broad issues, please report it to us through our Systemic Advocacy Management System.
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Low Income Taxpayer Clinics(p32)

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Low Income Taxpayer Clinics (LITCs) serve individuals whose income is below a certain level and need to resolve tax problems such as audits, appeals and tax collection disputes. Some clinics can provide information about taxpayer rights and responsibilities in different languages for individuals who speak English as a second language. Visit Taxpayer Advocate or see IRS Publication 4134, Low Income Taxpayer Clinic List.