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Form 1040 Income: Page 1


Income -Generally, you must report all income except income that is exempt from tax by law.

Enter on Form 1040, page 1, line 1, Wages, Salaries, Tips, Scholarships, Fellowships, Adoption, Excess Elective deferral, Medicaid Waiver payments, Dependent Care Benefits, Household Employee, etc.Refer toIRS Instructions for Form 1040page 24

 

W2 Codes:

AB - Adoption benefits from Form 8839

FB - Fringe benefits

DCB - Dependent care benefits from Form 2441

SNE Exclusion for adopting a special needs child from Form 8839

SSHIP - Taxable scholarship income

 

Additional Information

 

Have additional income, such as business or farm income or loss, unemployment compensation, prize or award money, or gambling winnings -Schedule 1, Part I

Have any deductions to claim, such as student loan interest, self-employment tax, or educator expenses. -Schedule 1, Part II

Owe alternative minimum tax (AMT) or need to make an excess advance premium tax credit repayment -Schedule 2, Part I

Owe other taxes, such as self-employment tax, household employment taxes, additional tax on IRAs or other qualified retirement plans and tax-favored accounts -Schedule 2, Part II

Can claim a nonrefundable credit (other than the nonrefundable child tax credit or the credit for other dependents), such as the foreign tax credit, education credits, or general business credit. -Schedule 3, Part I

Can claim a refundable credit (other than the earned income credit, American opportunity credit, refundable child tax credit, additional child tax credit, or recovery rebate credit), such as the net premium tax credit, health coverage tax credit, or qualified sick and family leave credits from Schedule H or Schedule SE. Have other payments, such as an amount paid with a request for an extension to file or excess social security tax withheld. -Schedule 3, Part II



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