Child And Dependent Care Expense Credit An individual that pays someone to care for their dependents (qualifying child under age 13, or their spouse or any...
Credits Main Menu Foreign Tax Credit (1116) Child & Dependent Care Expenses Credit (2441) Credit for the Elderly or the Disabled (Sch R)...
Health Coverage Exemptions / Responsibility Payment – Form 8965 Note: Beginning with tax year 2019 (filing in 2020), the Shared Responsibility Payment no longer applies and Form 8965 is...
NQDC Interest Determined Under Section 409A(a)(1)(B)(ii) If a taxpayer receives income from a nonqualified deferred compensation plan (NQDC) that doesn’t meet the requirements of 26 USC...
Alternative Minimum Tax (AMT) The Alternative Minimum Tax (AMT) is a separate tax from regular income tax and applies to higher-income taxpayers who benefit...
Social Security & Medicare Tax on Tips – Form 4137 Taxpayers who work in an industry in which a portion of their income is earned from customer tips along with...
Other Taxes Menu The Other Taxes Menu can be selected on the left side of the Form 1040 screen and contains several sub-menus....
Alternative Calculation Methods on Form 8962 Form 8962, Premium Tax Credit (PTC), contains two parts that may need to be completed in certain situations. Part IV,...
Form 8962 – Premium Tax Credit If anyone included on a tax return purchased health insurance through a Health Insurance Marketplace, they will received Form 1095-A,...
Form 1040-ES – Making Estimated Payments Estimated Tax Payments are required advanced payments of current tax liability based either on wage withholdings or installment payments of...