Other Taxes Defined"Other taxes" are different from the income tax figured from the tax tables or using the Tax Computation Worksheet. They include:
These amounts are usually calculated on their own form or schedule and are added after the nonrefundable credits are calculated; the nonrefundable credits do not reduce the other taxes. Social security and Medicare taxes on tip income is covered under the Basic course. Self-employment tax, additional tax on IRAs and other qualified retirement plans, and repayment of first-time homebuyer credit are Intermediate-level topics. If an issue related to an Intermediate-level topic arises at a volunteer site, be sure that a volunteer with required certification provides assistance. The software makes most of the calculations and displays the resulting tax on Form 1040.
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