Page 110 - 2020 Publication 17

14:38 - 19-Jan-2021
Page 108 of 138 Fileid: … ations/P17/2020/A/XML/Cycle03/source
The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before printing.
Tax Figured by IRS spouse, even if you file separately. Sign and amount of the credit on Schedule 3 (Form
1040), line 8. The IRS will not figure this credit.
date your return and enter your occupation(s). If
you are filing a joint return, both you and your
If you file by the due date of your return (not spouse must sign it. Enter your daytime phone Credit for the elderly or the disabled. If you
can take this credit, the IRS can figure it for you.
counting extensions) — April 15, 2021, for most number in the space provided. This may help
people — you can have the IRS figure your tax speed the processing of your return if we have a Enter “CFE” on the line next to Schedule 3
(Form 1040), line 6, box “c” and attach Sched-
for you on Form 1040 or 1040-SR. question that can be answered over the phone. ule R (Form 1040) to your paper return. On
If the IRS figures your tax and you paid too If you are filing a joint return, you may enter ei- Schedule R (Form 1040), check the box in Part
ther your or your spouse's daytime phone num-
much, you will receive a refund. If you didn’t pay ber. I for your filing status and age. Complete Parts II
enough, you will receive a bill for the balance. and III, lines 11 and 13, if they apply.
If you want to allow a friend, family member,
To avoid interest or the penalty for late pay- or any other person you choose to discuss your Earned income credit. If you can take this
ment, you must pay the bill within 30 days of the credit, the IRS can figure it for you. Enter “EIC”
date of the bill or by the due date for your return, 2020 tax return with the IRS, check the box in on the dotted line on Form 1040 or 1040-SR,
the “Third party designee” area on your return.
whichever is later. Also, enter the designee's name, phone num- line 27. If you elect to use your nontaxable com-
The IRS can also figure the credit for the ber, and any five digits the designee chooses bat pay in figuring your EIC, enter “NCP” and
elderly or the disabled and the earned income as his or her personal identification number the amount on the dotted line on Form 1040 or
credit for you. (PIN). If you check the “Yes” box, you, and your 1040-SR, line 27.
When the IRS cannot figure your tax. The spouse if filing a joint return, are authorizing the If you have a qualifying child, you must fill in
IRS to call the designee to answer any ques-
IRS can’t figure your tax for you if any of the fol- tions that may arise during the processing of Schedule EIC (Form 1040), Earned Income
Credit, and attach it to your paper return. If you
lowing apply. your return. don’t provide the child's social security number
1. You want your refund directly deposited Fill in and attach any schedules and forms on Schedule EIC, line 2, the credit will be re-
into your checking or savings account. asked for on the lines you completed to your duced or disallowed unless the child was born
2. You want any part of your refund applied paper return. Attach a copy of each of your and died in 2020.
If your credit for any year after 1996 was re-
to your 2021 estimated tax. Forms W-2 to your paper return. Also, attach to duced or disallowed by the IRS, you may also
your paper return any Form 1099-R you re-
3. You had income for the year from sources ceived that has withholding tax in box 4. have to file Form 8862 with your return. For de-
other than wages, salaries, tips, interest, Mail your return to the Internal Revenue tails, see the Instructions for Forms 1040 and
dividends, taxable social security benefits, Service Center for the area where you live. A list 1040-SR.
unemployment compensation, IRA distri- of Service Center addresses is in the instruc-
butions, pensions, and annuities. tions for your tax return.
4. Your taxable income is $100,000 or more.
5. You itemize deductions. Form 1040 or 1040-SR Line Entries
Form 1040 or 1040-SR, lines 1 through 15, and 14.
6. You file any of the following forms. If you want the IRS to figure your tax. Read
a. Form 2555, Foreign Earned Income. Schedule 1 (Form 1040), if applicable. Fill in the
b. Form 4137, Social Security and Medi- lines that apply to you and attach Schedule 1
care Tax on Unreported Tip Income. (Form 1040), if applicable. Don’t complete Form Child Tax Credit
c. Form 4970, Tax on Accumulation Dis- 1040 or 1040-SR, line 16 or 17.
If you are filing a joint return, use the space
tribution of Trusts. on the dotted line next to the words “Adjusted and Credit for
d. Form 4972, Tax on Lump-Sum Distri- Gross Income” on the first page of your return to
butions. separately show your taxable income and your Other
e. Form 6198, At-Risk Limitations. spouse's taxable income.
Read Form 1040 or 1040-SR, lines 19
f. Form 6251, Alternative Minimum through 33, and Schedules 2 and 3 (Form Dependents
Tax—Individuals. 1040), if applicable. Fill in the lines that apply to
g. Form 8606, Nondeductible IRAs. you and attach Schedules 2 and 3 (Form 1040),
if applicable. Don’t fill in Form 1040 or 1040-SR,
h. Form 8615, Tax for Certain Children lines 22, 24, 33, or 34 through 38. Don’t fill in What’s New
Who Have Unearned Income. Schedule 2 (Form 1040), line 1 or 3. Also, don’t
i. Form 8814, Parents' Election To Re- complete Schedule 3 (Form 1040), line 6, box Disaster tax relief. Recent legislation exten-
“c” if you are completing Schedule R (Form
port Child's Interest and Dividends. 1040), or Form 1040 or 1040-SR, line 27, if you ded to 2020 (and retroactively to 2019) an elec-
j. Form 8839, Qualified Adoption Ex- want the IRS to figure the credits shown on tion to use prior year earned income when figur-
penses. those lines. ing the additional child tax credit if you were
impacted by certain federally declared disas-
k. Form 8853, Archer MSAs and Payments. Enter any federal income tax with- ters. For more information on this election, see
Long-Term Care Insurance Contracts. held that is shown on Form W-2, box 2, or Form the Instructions for Schedule 8812.
l. Form 8889, Health Savings Accounts 1099, box 4, on Form 1040 or 1040-SR, line 25.
(HSAs). Enter any estimated tax payments you made on Reminders
Form 1040 or 1040-SR, line 26.
m. Form 8919, Uncollected Social Secur-
ity and Medicare Tax on Wages. Credit for child and dependent care expen- Abbreviations used throughout this chap-
ses. If you can take this credit, complete Form ter. The following abbreviations will be used in
Filing the Return 2441 and attach it to your paper return. Enter this chapter when appropriate.
the amount of the credit on Schedule 3 (Form
1040), line 2. The IRS will not figure this credit. • ACTC means additional child tax credit.
After you complete the line entries for the tax
form you are filing, fill in your name and ad- Net premium tax credit. If you take this credit, • ATIN means adoption taxpayer identifica-
dress. Enter your social security number in the complete Form 8962, Premium Tax Credit tion number.
space provided. If you are married, enter the (PTC), and attach it to your return. Enter the • CTC means child tax credit.
social security numbers of you and your
Page 106 Chapter 14 Child Tax Credit and Credit for Other Dependents