Instructions For Form 1040-Ss Page 8

ADVERTISEMENT

Additional Child Tax Credit Worksheet—Part II, Line 3
Keep for Your Records
1. Do you have three or more qualifying children?
No. Stop. You can't claim the credit.
Yes. Go to line 2.
2. Number of qualifying children: _______ × $1,000. Enter the result . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2.
3. Enter the amount from Part II, line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3.
4. Enter the amount shown below for your filing status . . . . . . . . . . . . . . . . . . . . . . . .
4.
• Married filing jointly — $110,000
• Single — $75,000
• Married filing separately — $55,000
5. Is the amount on line 3 more than the amount on line 4?
No. Leave line 5 blank. Enter -0- on line 6, and go to line 7.
Yes. Subtract line 4 from line 3. If the result isn't a multiple of
$1,000, increase it to the next multiple of $1,000 (for example,
increase $425 to $1,000, increase $1,025 to $2,000, etc.) . . . . . . . . . . . . . . . .
5.
6. Multiply the amount on line 5 by 5% (.05). Enter the result . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6.
7. Is the amount on line 2 more than the amount on line 6?
No. Stop. You can't claim the credit.
Yes. Subtract line 6 from line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7.
8. Enter the total, if any, of:
• One-half of Part V, line 12, self-employment tax plus
• One-half of the Additional Medicare Tax you paid on
self-employment income (Form 8959, line 13 ) . . . . . . . . . . . . . . . . . . . . . . . . . . .
8.
9. Enter the total of any:
• Amount from Part II, line 2, plus
• Employee social security and Medicare tax on tips not reported to employer
from Form 4137 and shown on the dotted line next to Part I, line 6, plus
• Uncollected employee social security and Medicare tax on wages from
Form 8919 shown on the dotted line next to Part I, line 6 plus
• Uncollected employee social security tax and Medicare tax on tips and
group-term life insurance (see instructions for Part I, line 6) shown on
the dotted line next to Part I, line 6, plus
• Amount on Form 8959, line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9.
10. Add lines 8 and 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10.
11. Enter the amount, if any, of Additional Medicare Tax withheld (Form 8959,
line 22) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11.
12. Subtract line 11 from line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12.
13. Enter the amount, if any, from Part I, line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13.
14. Is the amount on line 12 more than the amount on line 13?
No. Stop. You can't claim the credit.
Yes. Subtract line 13 from line 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14.
15. Additional child tax credit. Enter the smaller of line 7 or line 14 here and on
Form 1040-SS, Part II, line 3
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15.
tax on all of his or her share of partnership
that income between spouses for figuring
Share Farming
income.
income tax, no part of your share can be
You are considered self-employed if you
included in figuring your spouse's net
Community income. Your own
produced crops or livestock on someone
earnings from self-employment.
distributive share of partnership income is
else's land for a share of the crops or
included in figuring your net earnings from
livestock produced (or a share of the
self-employment. Unlike the division of
proceeds from the sale of them). This
Instructions for Form 1040-SS (2016)
SS-8

ADVERTISEMENT

00 votes

Related Articles

Related forms

Related Categories

Parent category: Financial