What's with these new forms?? 3 of 4

Schedule 3 – Nonrefundable Credits

This schedule should be used to report certain nonrefundable credits. The credits may include Credits for Educational Expenses and Dependent Care Expenses along with General Business Credits. Please note, the child tax credit or credit for other dependents is not reported on this schedule.  

Schedule 4 – Other Taxes

Taxes other than Income Taxes, such as Self-Employment Tax or Household Employment Tax and even the Health Care individual responsibility payment should be reported here. It should be noted, if you are required to use this schedule there are likely additional complexities to your return and that will not be covered here, however I would encourage you to research further or seek the advice of a professional.

 

Schedules 5 and 6 next…