Schedule 2: Supporting documentation for tax form 1040 if box 11b is checked. This Schedule is used to report additional taxes owed such as the alternative minimum tax, self-employment tax, or household employment taxes.

What is Schedule 2 on a 1040?

Schedule 2: Supporting documentation for tax form 1040 if box 11b is checked. This Schedule is used to report additional taxes owed such as the alternative minimum tax, self-employment tax, or household employment taxes.

What is Schedule 2 on the 1040 tax form?

What is IRS Form Schedule 2? Form 1040 Schedule 2 includes two parts: “Tax” and “Other Taxes.” Taxpayers who need to complete this form include: High-income taxpayers who owe alternative minimum tax (AMT) Taxpayers who need to repay a portion of a tax credit for the health insurance marketplace.

How do I fill out a line 12b on 1040?

Entering the amount directly on the Form 1040 – To enter cash contributions directly on the form, select Line 12b on the Form 1040 interactive screen.

What if you don’t have a schedule 2?

Schedule 2 is used only if you have Alternative Minimum Tax (AMT) or repayment of excess advance premium tax credit. If you don’t have either of those, Schedule 2 is not included in your tax return. If you have AMT you would have Form 6251 in your return.

Does everyone have a schedule 2 on 1040?

Form 1040 Schedule 2 includes two parts: “Tax” and “Other Taxes.” Taxpayers who need to complete this form include: High-income taxpayers who owe alternative minimum tax (AMT) Taxpayers who need to repay a portion of a tax credit for the health insurance marketplace.

What is Schedule 2 on the 1040 form?

What is Schedule 2 on the 1040?

Where do I find my schedule 2 on 1040?

Schedule 2 Part II Other Taxes. Before the Tax Cuts and Jobs Act these were listed on lines 57 through 62 on Form 1040. In 2018 these other taxes were listed on Schedule 4.

Do I need to file Schedule 2?

Use Schedule 2 if you owe alternative minimum tax or need to make an excess advance premium tax credit repayment. This schedule reports self-employment tax, additional taxes on retirement distributions, and other miscellaneous taxes.