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SCHEDULE 2 (Form 1040) 2023 Additional Taxes Department of the Treasury Internal Revenue Service Attach to Form 1040, 1040-SR, or 1040-NR. Go to www.irs.gov/Form1040 for instructions and the latest information. OMB No. 1545-0074 Attachment Sequence No. 02. Name(s) shown on Form 1040, 1040-SR, or 1040-NR. Your social security number. Part I Tax. 1
Information about Schedule EIC (Form 1040 or 1040-SR), Earned Income Credit, including recent updates, related forms, and instructions on how to file. Schedule EIC (Form 1040 or 1040-SR) is used by filers who claim the earned income credit to give the IRS information about the qualifying child.
IF YOU owe alternative minimum tax (AMT) or need to make an excess advance premium tax credit repayment. THEN USE Schedule 2, Part I. IF YOU owe other taxes, such as self-employment tax, household employment taxes, additional tax on IRAs or other qualified retirement plans and tax-favored accounts. THEN USE Schedule 2, Part II.
In this article, we’ll help you better understand IRS Schedule 2, including: How to complete & file IRS Schedule 2; Relevant documentation you should file with IRS Schedule 2; Frequently asked questions about additional taxes; Let’s start with a step by step walkthrough of this new form.
You should file Form 1040 Schedule 2 along with Form 1040, Form 1040-SR, or Form 1040-NR to report taxes not included in the basic tax forms. If you owe alternative minimum tax (AMT), use Form 1040 Schedule 2 to report the amount. You’ll also need to complete and include Form 6251.
IRS Form 1040 Schedule 2 is used to report certain non-traditional taxes not covered by the standard Form 1040. You may need to file Schedule 2 if: You earn a high income and owe alternative minimum tax (AMT), Net Investment Income Tax (NIIT), or the additional Medicare tax
Schedule 2 is used to report additional taxes such as the net investment income tax or the additional tax on IRAs. First, you need to calculate your total tax for the year using the information from your Form 1040. Then, you can use Schedule 2 to add any uncollected Social Security or Medicare taxes, the tax due on installment income, and any ...