Schedule 1 – Additional Income and Adjustment to Income
The majority of the line items formerly found on the body of 2017 Form 1040, page 1 is now found on Schedule 1. Income such as Capital Gains or Business Income and Adjustments as Educator Expenses or Deduction for Self-Employed Tax will be reported here. Don’t fail to take a look at Schedule 1 (or any of the other schedules for that matter) to make sure whether any of these line items are relevant to you and should be included with your return.
Schedule 2 – Tax
If you are subject to the Alternative Minimum Tax (AMT) or have to pay back some of the Premium Tax Credit, you will use this form to report those amounts. It should be said, if any of the schedules are not relevant to your return, in other words, do not contain information they are not required to be included with your return.
Schedules 3 and 4 next…