Form 1040 Instructions - 2015 Page 71
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105 2015 Form 1040—Lines 67 Through 75
the instructions for Form 8962 for more
Line 67
Line 73
information.
Check the box(es) on line 73 to report
Additional Child Tax Credit
Line 70
any credit from Form 2439 or 8885.
If you are claiming a credit for repay-
What Is the Additional Child Tax
Amount Paid With Request
ment of amounts you included in your
Credit?
for Extension To File
income in an earlier year because it ap-
This credit is for certain people who
peared you had a right to the income, in-
If you got an automatic extension of
have at least one qualifying child for the
clude the credit on line 73. Check box d
time to file Form 1040 by filing Form
child tax credit (as defined in Steps 1, 2,
and enter “I.R.C. 1341” in the space
4868 or by making a payment, enter the
and 3 of the instructions for line 6c).
next to that box. See Pub. 525 for details
amount of the payment or any amount
The additional child tax credit may give
about this credit.
you paid with Form 4868. If you paid by
you a refund even if you do not owe any
debit or credit card, do not include on
If you made a tax payment that
tax or didn't have any tax withheld.
line 70 the convenience fee you were
doesn't belong on any other line, include
charged. Also, include any amounts paid
the payment on line 73. Check box d
Two Steps To Take the Additional
with Form 2350.
and enter “Tax” in the space next to that
Child Tax Credit!
box.
You may be able to deduct any
Step 1. Be sure you figured the amount,
credit or debit card conven-
TIP
If you check more than one box, en-
if any, of your child tax credit. See the
ience fees on your 2016 Sched-
ter the total of the line 73 credits and
instructions for line 52.
ule A.
payments.
Step 2. Read the TIP at the end of your
Line 71
Child Tax Credit Worksheet. Use
Refund
Schedule 8812 to see if you can take the
Excess Social Security and
additional child tax credit, but only if
you meet the condition given in that
Tier 1 RRTA Tax Withheld
Line 75
TIP.
If you, or your spouse if filing a joint re-
Amount Overpaid
Line 68
turn, had more than one employer for
2015 and total wages of more than
If line 75 is under $1, we will send a re-
American Opportunity
$118,500, too much social security or
fund only on written request.
tier 1 railroad retirement (RRTA) tax
Credit
If the amount you overpaid is
may have been withheld. You can take a
large, you may want to de-
If you meet the requirements to claim an
TIP
credit on this line for the amount with-
crease the amount of income
education credit (see the instructions for
held in excess of $7,347. But if any one
tax withheld from your pay by filing a
line 50), enter on line 68 the amount, if
employer withheld more than $7,347,
new Form W-4. See Income Tax With-
any, from Form 8863, line 8. You may
you can't claim the excess on your re-
holding and Estimated Tax Payments for
be able to increase an education credit
turn. The employer should adjust the tax
2016 under General Information, later.
and reduce your total tax or increase
for you. If the employer doesn't adjust
your tax refund if the student chooses to
the overcollection, you can file a claim
include all or part of a Pell grant or cer-
Refund Offset
for refund using Form 843. Figure this
tain other scholarships or fellowships in
amount separately for you and your
If you owe past-due federal tax, state in-
income. See Pub. 970 and the instruc-
spouse.
come tax, state unemployment compen-
tions for Form 8863 for more informa-
You can't claim a refund for excess
sation debts, child support, spousal sup-
tion.
tier 2 RRTA tax on Form 1040. Instead,
port, or certain federal nontax debts,
use Form 843.
Line 69
such as student loans, all or part of the
overpayment on line 75 may be used
For more details, see Pub. 505.
Net Premium Tax Credit
(offset) to pay the past-due amount. Off-
Line 72
sets for federal taxes are made by the
You may be eligible to claim the premi-
IRS. All other offsets are made by the
um tax credit if you, your spouse, or a
Credit for Federal Tax on
Treasury Department's Bureau of the
dependent enrolled in health insurance
Fiscal Service. For federal tax offsets,
Fuels
through the Marketplace. The premium
you will receive a notice from the IRS.
tax credit helps pay for this health insur-
Enter any credit for federal excise taxes
For all other offsets, you will receive a
ance. Complete Form 8962 to determine
paid on fuels that are ultimately used for
notice from the Fiscal Service. To find
the amount of your premium tax credit,
a nontaxable purpose (for example, an
out if you may have an offset or if you
if any. Enter the amount, if any, from
off-highway business use). Attach Form
have any questions about it, contact the
Form 8962, line 26. See Pub. 974 and
4136.
agency to which you owe the debt.
-71-
Need more information or forms? Visit IRS.gov.
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