Form 1040 Instructions - 2015 Page 45
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105 2015 Form 1040—Lines 45 Through 50
a. Legally owed and not eligible for
Line 45
Line 46
a refund or reduced tax rate under a tax
treaty, and
Alternative Minimum Tax
Excess Advance Premium
b. Paid to countries that are recog-
(AMT)
Tax Credit Repayment
nized by the United States and do not
If you aren't sure whether you owe the
The premium tax credit helps pay premi-
support terrorism.
AMT, complete the Worksheet To See if
ums for health insurance purchased from
For more details on these require-
You Should Fill in Form 6251.
the Marketplace. If advance payments
ments, see the Instructions for Form
were made for coverage for you, your
Exception. Fill in Form 6251 instead of
1116.
spouse, or your dependent, complete
using the worksheet if you claimed or
Do you meet all five requirements
Form 8962. If the advance payments
received any of the following items.
just listed?
were more than the premium tax credit
Accelerated depreciation.
you can claim, enter the amount from
Yes. Enter on line 48 the smaller of
Tax-exempt interest from private
Form 8962, line 29.
(a) your total foreign taxes, or (b) the to-
activity bonds.
tal of the amounts on Form 1040, lines
Intangible drilling, circulation, re-
You may have to repay excess ad-
44 and 46.
search, experimental, or mining costs.
vance premium tax credit payments
Amortization of pollution-control
No. See Form 1116 to find out if
even if someone else enrolled you, your
facilities or depletion.
you can take the credit and, if you can, if
spouse, or your dependent. You may al-
Income or (loss) from tax-shelter
you have to file Form 1116.
so have to repay excess advance premi-
farm activities, passive activities, part-
um tax credit payments if you enrolled
Line 49
nerships, S corporations, or activities for
someone in coverage through the Mar-
which you aren't at risk.
ketplace whom you do not claim as a de-
Credit for Child and
Income from long-term contracts
pendent on your return. For more infor-
not
figured
using
the
percent-
Dependent Care Expenses
mation, see the instructions for Form
age-of-completion method.
8962.
You may be able to take this credit if
Interest paid on a home mortgage
you paid someone to care for:
Line 48
not used to buy, build, or substantially
Your qualifying child under age 13
improve your home.
Foreign Tax Credit
whom you claim as your dependent,
Investment interest expense repor-
Your disabled spouse or any other
ted on Form 4952.
If you paid income tax to a foreign
disabled person who couldn't care for
Net operating loss deduction.
country or U.S. possession, you may be
himself or herself, or
Alternative minimum tax adjust-
able to take this credit. Generally, you
Your child whom you couldn't
ments from an estate, trust, electing
must complete and attach Form 1116 to
claim as a dependent because of the
large partnership, or cooperative.
do so.
rules for Children of divorced or separa-
Section 1202 exclusion.
ted parents in the instructions for
Exception. You do not have to com-
Stock by exercising an incentive
line 6c.
plete Form 1116 to take this credit if all
stock option and you didn't dispose of
of the following apply.
the stock in the same year.
For details, use
Tax Topic 602
or see
Any general business credit claim-
1. All of your foreign source gross
Form 2441.
ed on Form 3800 if either line 6 (in Part
income was from interest and dividends
Line 50
I) or line 25 of Form 3800 is more than
and all of that income and the foreign
zero.
tax paid on it were reported to you on
Education Credits
Qualified electric vehicle credit.
Form 1099-INT, Form 1099-DIV, or
Schedule K-1 (or substitute statement).
Alternative fuel vehicle refueling
If you (or your dependent) paid qualified
property tax.
2. The total of your foreign taxes
expenses in 2015 for yourself, your
Credit for prior year minimum tax.
wasn't more than $300 (not more than
spouse, or your dependent to enroll in or
Foreign tax credit.
$600 if married filing jointly).
attend an eligible educational institution,
3. You held the stock or bonds on
Form 6251 should be filled in
you may be able to take an education
!
which the dividends or interest were
for certain children who are
credit. See Form 8863 for details. How-
paid for at least 16 days and were not
under age 24 at the end of
ever, you can't take an education credit
CAUTION
obligated to pay these amounts to some-
2015. See the Instructions for Form
if any of the following applies.
one else.
6251 for more information.
You, or your spouse if filing joint-
ly, are claimed as a dependent on some-
4. You are not filing Form 4563 or
For help with the alternative mini-
one else's (such as your parent's) 2015
excluding income from sources within
mum tax, go to
tax return.
Puerto Rico.
Your filing status is married filing
5. All of your foreign taxes were:
separately.
-45-
Need more information or forms? Visit IRS.gov.
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