Form 1040 Instructions - 2015 Page 51
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105 2015 Form 1040—Lines 59 Through 61
Line 59
Line 60a
Line 61
Additional Tax on IRAs,
Household Employment
Health Care: Individual
Other Qualified Retirement
Taxes
Responsibility
Plans, etc.
Enter the household employment taxes
You must either:
you owe for having a household em-
Have qualifying health care cover-
If any of the following apply, see Form
ployee. If any of the following apply,
age for every month of 2015 for your-
5329 and its instructions to find out if
see Schedule H and its instructions to
self, your spouse (if filing jointly), and
you owe this tax and if you must file
find out if you owe these taxes.
anyone you can or do claim as a depend-
Form 5329. Also see Form 5329 and its
ent (you are treated as having coverage
1. You paid any one household em-
instructions for definitions of the terms
for any month in which you have cover-
ployee (defined below) cash wages of
used here.
age for at least 1 day of the month),
$1,900 or more in 2015. Cash wages in-
1. You received an early distribution
Qualify for an exemption from the
clude wages paid by check, money or-
from (a) an IRA or other qualified retire-
requirement to have health care cover-
der, etc. But do not count amounts paid
ment plan, (b) an annuity, or (c) a modi-
age, or
to an employee who was under age 18 at
fied endowment contract entered into af-
Make a shared responsibility pay-
any time in 2015 and was a student.
ter June 20, 1988, and the total distribu-
ment with your return and enter the
2. You withheld federal income tax
tion wasn't rolled over in a qualified
amount on this line.
during 2015 at the request of any house-
rollover contribution.
hold employee.
If you had qualifying health care cov-
2. Excess contributions were made
erage (called minimum essential cover-
to your IRA, Coverdell education sav-
3. You paid total cash wages of
age) for every month of 2015 for your-
ings account (ESA), Archer MSA,
$1,000 or more in any calendar quarter
self, your spouse (if filing jointly), and
health savings account (HSA), or ABLE
of 2014 or 2015 to household employ-
anyone you can or do claim as a depend-
account.
ees.
ent, check the box on this line and leave
3. You received a taxable distribu-
Any person who does household work is
the entry space blank.
tion from a Coverdell ESA, qualified
a household employee if you can control
tuition program, or ABLE account.
Otherwise, do not check the box on
what will be done and how it will be
this line. If you, your spouse (if filing
done. Household work includes work
4. You were born before July 1,
jointly), or someone you can or do claim
done in or around your home by babysit-
1944, and didn't take the minimum re-
as a dependent didn’t have coverage for
ters, nannies, health aides, housekeepers,
quired distribution from your IRA or
each month of 2015 you must either
yard workers, and similar domestic
other qualified retirement plan.
claim a coverage exemption on Form
workers.
Exception. If only item (1) applies and
8965 or report a shared responsibility
Line 60b
distribution code 1 is correctly shown in
payment on line 61. See the instructions
box 7 of all your Forms 1099-R, you do
for Form 8965 for information on cover-
First-time Homebuyer Credit
not have to file Form 5329. Instead,
age exemptions and figuring the shared
multiply the taxable amount of the dis-
responsibility payment.
Repayment
tribution by 10% (0.10) and enter the re-
You can check the box even if:
Enter the first-time homebuyer credit
sult on line 59. The taxable amount of
A dependent child who was born or
you have to repay if:
the distribution is the part of the distri-
adopted during the year was not covered
You bought the home in 2008, or
bution you reported on Form 1040,
by your insurance during the month of
The home you bought was de-
line 15b or line 16b, or on Form 4972.
or months before birth or adoption (but
stroyed, condemned, or sold under threat
Also, enter “No” under the heading Oth-
the child must have had minimum essen-
of condemnation in 2013 and that event
er Taxes to the left of line 59 to indicate
tial coverage every month of 2015 fol-
occurred during the 36-month period
that you do not have to file Form 5329.
lowing the birth or adoption), or
that began on the date you bought the
But you must file Form 5329 if distribu-
A spouse or dependent who died
home.
tion code 1 is incorrectly shown in box 7
during the year was not covered by your
of Form 1099-R or you qualify for an
If you bought the home in 2008 and
insurance during the month of death and
exception, such as the exceptions for
owned and used it as your main home
months after death (but he or she must
qualified medical expenses, qualified
for all of 2015, you can enter your 2015
have had minimum essential coverage
higher education expenses, qualified
repayment on this line without attaching
every month of 2015 he or she was
first-time homebuyer distributions, or a
Form 5405.
alive).
qualified reservist distribution.
See the Form 5405 instructions for
If you can be claimed as a dependent,
details and for exceptions to the repay-
do not check the box on this line. Leave
ment rule.
the entry space blank. You do not need
to attach Form 8965 or see its instruc-
tions.
-51-
Need more information or forms? Visit IRS.gov.
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