965 net tax liability installment from Form 965-A - a form that does not yet exist. It also includes a new line for reporting the Sec. Schedule 4, Other Taxes, includes items from 57 through 63 of the 2017 Form 1040, such as household employment taxes, the health care individual responsibility payment (the individual mandate), the net investment income tax, and the additional Medicare tax.Schedule 3, Nonrefundable Credits, includes items from lines 48 through 55 of the 2017 Form 1040, such as the foreign tax credit, the credit for child and dependent child care, the education credit, and the residential energy credit.Schedule 2, Tax, includes items from lines 44 through 47 of the 2017 Form 1040, such as the tax on a child’s unearned income (commonly called the kiddie tax), the alternative minimum tax, and any excess premium tax credit that must be repaid.Schedule 1, Additional Income and Adjustments to Income, includes items from lines 10 through 37 of the 2017 Form 1040, such as business income, alimony received, capital gains or losses, and adjustments including educator expenses and student loan interest expense.Many of the items reported on the 1040 will be calculated on various new schedules, which have also not yet been officially posted. 199A qualified business income deduction), credits, and taxes paid. The second page gathers information on the taxpayer’s income, deductions (including a new line for the Sec. The 2018 draft form, which has not yet been officially posted on the IRS website, uses the first page to gather information about the taxpayer and any dependents and for the taxpayer’s signature and jurat. The draft form moves many items that in the past have appeared on the face of the 1040 to various new schedules. Individual Income Tax Return, that reduces the size of the form to two half-pages in length and eliminates more than 50 lines, compared to the 2017 version of the form. The IRS is working on a draft version of the 2018 Form 1040, U.S.
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