Instructions For Form 1040 - U.s. Individual Income Tax Return - 2017 Page 52
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107 2017 Form 1040—Lines 61 and 62
See the Instructions for Form 8965 for
$125,000 if married filing sepa-
h. Qualified plug-in electric drive
more information on what qualifies as
rately,
motor vehicle credit (see Form 8936).
minimum essential coverage.
$250,000 if married filing jointly
Identify as “8936R.”
or qualifying widow(er), or
Reminder—Health care coverage. If
6. Recapture of federal mortgage
$200,000 if single or head of
you need health care coverage, go to
subsidy. If you sold your home in 2017
household.
to learn about
and it was financed (in whole or in part)
If you file Form 2555 or 2555-EZ, see
health insurance options for you and
from the proceeds of any tax-exempt
Form 8960 and its instructions if the
your family, how to buy health insur-
qualified mortgage bond or you claimed
amount on Form 1040, line 38, is more
ance, and how you might qualify to get
the mortgage interest credit, see Form
than:
financial assistance to buy health insur-
8828. Identify as “FMSR.”
$22,900 if married filing separate-
ance.
7. Section 72(m)(5) excess benefits
ly,
Premium tax credit. If you, your
tax (see Pub. 560). Identify as “Sec.
$147,900 if married filing jointly
spouse, or a dependent enrolled in health
72(m)(5).”
or qualifying widow(er), or
insurance through the Marketplace, you
8. Uncollected social security and
$97,900 if single or head of house-
may be able to claim the premium tax
Medicare or RRTA tax on tips or
hold.
credit. See the instructions for line 69
group-term life insurance. This tax
Check box b if you owe the tax.
and Form 8962.
should be shown in box 12 of Form W-2
Other taxes. For the following taxes,
with codes A and B or M and N. Identi-
Line 62
check box c and, in the space next to
fy as “UT.”
that box, enter the amount of the tax and
9. Golden parachute payments. If
Other Taxes
the code that identifies it. If you need
you received an excess parachute pay-
more room, attach a statement listing the
Use line 62 to report any taxes not re-
ment (EPP), you must pay a 20% tax on
amount of each tax and the code.
ported elsewhere on your return or other
it. This tax should be shown in box 12 of
1. Additional tax on health savings
schedules. To find out if you owe the
Form W-2 with code K. If you received
account (HSA) distributions (see Form
tax, see the form or publication indica-
a Form 1099-MISC, the tax is 20% of
8889, Part II). Identify as “HSA.”
ted. Enter on line 62 the total of all the
the EPP shown in box 13. Identify as
following taxes you owe.
2. Additional tax on an HSA be-
“EPP.”
cause you didn't remain an eligible indi-
10. Tax on accumulation distribution
Additional Medicare Tax. See Form
vidual during the testing period (see
of trusts (see Form 4970). Identify as
8959 and its instructions if the total of
Form 8889, Part III). Identify as
“ADT.”
your 2017 wages and any self-employ-
“HDHP.”
11. Excise tax on insider stock com-
ment income was more than:
3. Additional tax on Archer MSA
pensation from an expatriated corpora-
$125,000 if married filing sepa-
distributions (see Form 8853). Identify
tion. See section 4985. Identify as
rately;
as “MSA.”
“ISC.”
$250,000 if married filing jointly;
4. Additional tax on Medicare Ad-
or
12. Interest on the tax due on install-
vantage MSA distributions (see Form
$200,000 if single, head of house-
ment income from the sale of certain
8853). Identify as “Med MSA.”
hold, or qualifying widow(er).
residential lots and timeshares. Identify
Also see Form 8959 if you had railroad
5. Recapture of the following cred-
as “453(l)(3).”
retirement (RRTA) compensation that
its.
13. Interest on the deferred tax on
was more than the amount just listed
a. Investment
credit
(see
Form
gain from certain installment sales with
that applies to you.
4255). Identify as “ICR.”
a sales price over $150,000. Identify as
If you are married filing jointly and
“453A(c).”
b. Low-income housing credit (see
either you or your spouse had wages or
Form 8611). Identify as “LIHCR.”
14. Additional tax on recapture of a
RRTA compensation of more than
charitable contribution deduction relat-
c. Indian employment credit (see
$200,000, your employer may have
ing to a fractional interest in tangible
Form 8845). Identify as “IECR.”
withheld Additional Medicare Tax even
personal property. See Pub. 526. Identi-
d. New markets credit (see Form
if you don’t owe the tax. In that case,
fy as “FITPP.”
you may be able to get a refund of the
8874). Identify as “NMCR.”
15. Look-back interest under section
tax withheld. See the Instructions for
e. Credit
for
employer-provided
167(g) or 460(b). See Form 8697 or
Form 8959 to find out how to report the
child care facilities (see Form 8882).
8866. Identify as “8697” or “8866.”
withheld tax on Form 8959.
Identify as “ECCFR.”
16. Additional tax on income you re-
Check box a if you owe the tax.
f. Alternative motor vehicle credit
ceived from a nonqualified deferred
(see
Form
8910).
Identify
as
Net Investment Income Tax. See
compensation plan that fails to meet the
“AMVCR.”
Form 8960 and its instructions if the
requirements of section 409A. This in-
g. Alternative fuel vehicle refueling
amount on Form 1040, line 38, is more
come should be shown in box 12 of
property credit (see Form 8911). Identi-
than:
Form W-2 with code Z, or in box 15b of
fy as “ARPCR.”
Form 1099-MISC. The tax is 20% of the
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