What is Schedule 2 line 2 on tax form 1040?

What is Schedule 2 line 2 on tax form 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.

Where is Schedule 2 on a tax form?

Schedule 2 Part I Tax. If entries are made on Schedule 2, the form would accompany Form 1040 or the new 1040-SR Form. Before the Tax Cuts and Jobs Act reform was passed, Tax was on lines 45 and 46 on Form 1040. Beginning in tax year 2019, Tax is now listed on lines 1 and 2 of Schedule 2.

Where can I find old tax forms?

Order a Transcript

  • Online Using Get Transcript. They can use Get Transcript Online on IRS.gov to view, print or download a copy of all transcript types.
  • By phone. The number is 800-908-9946.
  • By mail. Taxpayers can complete and send either Form 4506-T or Form 4506T-EZ to the IRS to get one by mail.

Where do I pick up Indiana tax forms?

Find forms online at our Indiana tax forms website, order by phone, at 317-615-2581 (leave your order on voice mail, available 24 hours a day). Find federal tax forms from the Internal Revenue Service online, or call 1-800-829-3676.

What is a Schedule 2 tax form 2020?

What Is Form 1040 Schedule 2? Form 1040 Schedule 2, Additional Taxes, asks that you report any additional taxes that can’t be entered directly onto Form 1040. The 2020 Schedule 2 Instructions are not published as a separate booklet.

What is the schedule 2 line 46?

Line 46 is the excess premium tax credit repayment. If there was not an amount for that, then schedule 2 would likely not be included with the tax return. The total of schedule 2 would be included in the amount on line 11 of form 1040.

Where can I get tax forms and booklets?

Get the current filing year’s forms, instructions, and publications for free from the Internal Revenue Service (IRS).

  • Download them from IRS.gov.
  • Order by phone at 1-800-TAX-FORM (1-800-829-3676)

What is it-40 form Indiana?

Full-year residents must file Form IT-40, Indiana Full-Year Resident Individual Income Tax Return or Form IT-40EZ for Full-Year Indiana Resident Filers with No Dependents. Residents, including military personnel, who leave Indiana for a temporary stay, are considered residents during their absence.

What does the W-2 form tell you?

A W-2 tax form shows the amount of taxes withheld from your paycheck for the year and is used to file your federal and state taxes.