Instructions For Form 1040 - U.s. Individual Income Tax Return - 2017 Page 6

ADVERTISEMENT

What's New
For information about any additional changes to the 2017 tax law or any other devel-
opments affecting Form 1040 or its instructions, go to
IRS.gov/Form1040
or
IRS.gov/
Extenders.
your return, you will need to mail it to a
Due date of return. File Form 1040 by
Personal
exemption
phaseout
different address this year. See Where
April 17, 2018. The due date is April 17,
amounts increased for certain taxpay-
Do You File? at the end of these instruc-
because April 15 is a Sunday and the
ers. Your personal exemption is $4,050
tions.
Emancipation Day holiday in the Dis-
but the amount is reduced if your adjus-
trict of Columbia is observed on April
ted gross income is more than $156,900
EIN needed to claim the American op-
16—even if you do not live in the Dis-
if married filing separately; $261,500 if
portunity credit. To claim the Ameri-
trict of Columbia.
single; $287,650 if head of household;
can opportunity credit, you need to have
or $313,800 if married filing jointly or
the employer identification number
Childless earned income credit (EIC).
qualifying widow(er). See the instruc-
(EIN) of the institution to which your
If your child meets the tests to be your
tions for line 42.
qualified expenses were paid. See the
qualifying child, but also meets the tests
Instructions for Form 8863.
to be the qualifying child of another per-
Medical and dental expenses. You can
son, only one of you can actually treat
deduct the part of your medical and den-
W-2 verification code. A new “verifi-
the child as a qualifying child to claim
tal expenses that is more than 7.5% of
cation code” box will appear on Form
the EIC. If the other person can claim
your adjusted gross income. See the In-
W-2, but not all W-2s will have a
the child as a qualifying child, you can't
structions for Schedule A.
16-digit code in box 9. If you e-file and
claim the EIC as a taxpayer with a quali-
your W-2 has a verification code in
Limit on itemized deductions.
You
fying child unless you have another
box 9, enter it when prompted by your
may not be able to deduct all of your
qualifying child. However, you may be
tax software. Don’t enter the verification
itemized deductions if your adjusted
able to claim the EIC without a qualify-
code if you file your return on paper.
gross income is more than $156,900 if
ing child. For more information, see
married filing separately; $261,500 if
Disaster tax relief. Disaster tax relief
Pub. 596.
single; $287,650 if head of household;
was enacted for those impacted by cer-
Secure access. To combat identity
or $313,800 if married filing jointly or
tain Presidentially declared disasters.
fraud, the IRS has upgraded its identity
qualifying widow(er).
The tax benefits provided by this relief
verification process for certain self-help
include the following.
Standard
deduction
amounts
in-
tools on IRS.gov. To find out what types
An increased standard deduction
creased. For 2017, the standard deduc-
of information new users will need, go
based on your qualified disaster losses.
tion for married individuals filing a joint
to IRS.gov/SecureAccess.
See the instructions for line 40 and the
return and qualifying widow(er)s has in-
Instructions for Schedule A for informa-
Access your online account. You must
creased to $12,700; for head of house-
tion on qualifying for and figuring the
authenticate your identity. To securely
hold filers the amount has increased to
increased standard deduction.
log in to your federal tax account go to
$9,350; and for single filers and married
Election to use your 2016 earned
IRS.gov/Account. View the amount you
individuals filing separate returns the
income to figure your 2017 earned in-
owe, review 18 months of payment his-
amount has increased to $6,350.
come credit. See the instructions for
tory, access online payment options, and
Tuition and fees deduction expired.
lines 66a and 66b for more information
create or modify an online payment
At the time these instructions went to
on this election.
agreement. You can also access your tax
print, certain tax benefits had expired,
Election to use your 2016 earned
records online.
including the tuition and fees deduction
income to figure your 2017 additional
New withholding tables. To reflect
(line 34). That line is now shown as
child tax credit. See the instructions for
changes made by the tax reform legisla-
“Reserved for future use” in case Con-
line 67 and the Instructions for Schedule
tion, the IRS has released updated in-
gress extends the tuition and fees deduc-
8812 for more information on this elec-
come-tax withholding tables. The new
tion for 2017. You can find out if legis-
tion.
withholding tables are designed to work
lation extended this and other tax
At the time these instructions
with the Form(s) W-4 you have already
benefits to allow you to claim them on
!
went to print, Congress was
filed with your employer. To see if you
your 2017 return at
IRS.gov/Form1040
considering
legislation
that
need to have your withholding increased
or IRS.gov/Extenders.
CAUTION
would provide additional tax relief for
or decreased, use the IRS Withholding
Mailing your return. If you live in
individuals affected by certain 2017 dis-
Calculator at IRS.gov/W4App. The cal-
Connecticut,
District
of
Columbia,
asters. For more information and to see
culator is being revised to take into ac-
Maryland, Pennsylvania, Rhode Island,
if legislation was enacted, see Pub. 976.
count these changes and should be avail-
or West Virginia and you are mailing in
able by the end of February.
-6-

ADVERTISEMENT

00 votes

Related Articles

Related forms

Related Categories

Parent category: Financial