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




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