Schedule 5: Schedule 5 is applicable if you are claiming a refundable credit other than your American Opportunity Credit, earned income credit or additional child tax credit. Schedule 4: This schedule is applicable if you owe other taxes like self-employment tax, household employment tax, etc. Schedule 3: If you are claiming a non-refundable credit other than the child tax credit or dependent credit like a foreign tax credit, education credits or general business credits then Schedule 3 is applicable. Schedule 2: If you owe AMT or have to make an excess advance premium tax credit repayment then Schedule 2 is applicable. It is also applicable if you have any deductions to claim like student loan interest, educator expenses or self-employment tax. Schedule 1: This schedule is applicable if you have additional income like capital gains, prize money, unemployment compensation, etc. Which Schedule Is Applicable in What Situation? The addition of all of these incomes is known as your total income. You do not need to report it only if it is tax-exempt.
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