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

Payments

Introduction

Objectives

At the end of this lesson, using your resource materials, you will be able to:

  • Identify the following types of payments and credits that are applicable for most low- and moderate-income taxpayers:
    • Federal income tax withheld from Forms W-2, Wage and Tax Statement
    • Federal income tax withheld from Forms 1099
    • Estimated tax payments and amounts applied from the prior year's return
    • Amount paid with a request for an extension to file
    • Excess social security and tier 1 RRTA tax withholding
  • Report these payments and credits correctly on the taxpayer's return

Estimated time to complete: 20 minutes