Internal Revenue Service United States Department of the Treasury
Level Basic Intermediate Advanced Military International

Other Taxes

Summary

Summary

This lesson explained how to complete the Other Taxes section of the return. Other taxes are not calculated using the income tax tables or the Tax Computation Worksheet. They include:

  • The overall change in the self-employment tax rate from 15.3% to 13.3%
  • Social security on unreported tip income - Form 4137 reflects the temporary rate decrease from 6.2% to 4.2% on employee's share of social security tax
  • Additional taxes on IRAs and other qualified retirement plans
  • Repayment of the first-time homebuyer credit
Tax software hint.

These amounts are calculated on separate forms or schedules. The tax software provides all of the forms and performs the calculations.