Form 1040 U.S. Individual Income Tax Return 2015
Filing Status
1
2
3
4
5
Exemptions
6a
b
c Dependents (not including you or your spouse )
of which were qualified children under age 17 at the end of 2015
of which under age 13
d
Income 7 Wages, salaries, and tips 7
8a Taxable interest8a
b Tax-exempt interest8b
9a Ordinary dividends 9a
b Qualified dividends 9b
10 Taxable refunds, credits, or offsets of state and local income taxes 10
11 Alimony received 11
12 Business income or (loss) 12
13 Capital gain or (loss) 13
14 Other gains or (losses) 14
15a IRA distributions 15a
b Taxable amount 15b
16a Pensions and annuities 16a
b Taxable amount 16b
17 Rental real estate, royalties, partnerships, S corporations, trusts, etc. 17
18 Farm income or (loss) 18
19 Unemployment compensation 19
20a Social security benefits 20a
b Taxable amount 20b
1
Enter total amount from box 5 of all your Forms SSA-1099 and Forms RRB-1099
1
2
Enter one-half of line 1
2
3
Combine the amounts from Form 1040, lines 7, 8a, 9a, 10 through 14, 15b, 16b, 17 through 19, and 21
3
4
Enter the amount from Form 1040, line 8b
4
5
Combine lines 2, 3, and 4
5
6
Enter the total of amounts from Form 1040, lines 23 through 32, plus any write-in adjustments you entered on the dotted line next to line 36
6
7
Subtract line 6 from line 5
7
8
Enter $32,000 25,000
8
9
Subtract line 8 from line 7
9
10
Enter $12,000 9,000
10
11
Subtract line 10 from line 9
11
12
Enter the smaller of line 9 or line 10
12
13
Enter one-half of line 12
13
14
Enter the smaller of line 2 or line 13
14
15
Multiply line 11 by 0.85
15
16
Add lines 14 and 15
16
17
Multiply line 1 by 0.85
17
18
Enter the smaller of line 16 or line 17
18
21 Other income 21
22 Total income 22
Adjusted Gross Income 23 Educator expenses 23
24 Certain business expenses of reservists, performing 24
25 Health savings account deduction 25
26 Moving expenses 26
27 Deductible part of self-employment tax 27
28 Self-employed SEP, SIMPLE, and qualified plans 28
29 Self-employed health insurance deduction 29
30 Penalty on early withdrawal of savings 30
31a Alimony paid 31a
Adjusted Gross Income 32 IRA deduction 32
33 Student loan interest deduction 33
34 Tuition and fees 34
35 Domestic production activities deduction 35
36 Total adjustments 36
37 Adjusted gross income 37
Tax and Credits
38 Amount from line 37 38
39a You were born before January 2, 1951...Spouse was born before January 2, 1951...39a
b If your spouse itemizes on a separate return or you were a dual-status alien, check here
39b
40 Itemized deductions (from Schedule A ) or standard deduction
40
Schedule A 1 Medical and dental expenses 1
2 Form 1040, line 38 2
3 Multiply line 2 by 0.075 0.1 3
4 Subtract line 3 from line 1 4
5 State and local 5
6 Real estate taxes 6
7 Personal property taxes 7
8 Other taxes 8
9 Add lines 5 through 8 9
10 Home mortgage interest and points reported on Form 1098 10
11 Other home mortgage interest not reported 11
12 Other points not reported 12
13 Qualified mortgage premiums 13
14 Investment interest 14
15 Add lines 10 through 14 15
16 Gifts by cash or check 16
17 Gifts other than by cash or check 17
18 Carryover from prior year 18
19 Add lines 16 through 18 19
20 Casualty or theft loss(es) 20
21 Unreimbursed employee expenses 21
22 Tax preparation fees 22
23 Other expenses 23
24 Add lines 21 through 23 24
25 Form 1040, line 38 25
26 Multiply line 25 by 0.02 26
27 Subtract line 26 from line 24 27
28 Other 28
29 Total itemized deductions (Your deductions were limited ) 29
Itemized Deductions Worksheet
1 Schedule A, lines 4, 9, 15, 19, 20, 27, and 28 1
2 Schedule A, lines 4, 14, 20 2
3 Subtract line 2 from line 1 3
4 Multiply line 3 by 0.8 4
5 Form 1040, line 38 5
6 6
7 Subtract line 6 from line 5 7
8 Multiply line 7 by 0.03 8
9 Smaller of line 4 or line 8 9
10 Total itemized deductions 10
Standard Deduction
1 Base deduction 1
2
or your spouse can be claimed as a dependent3 Enter $350 plus the amount from line 1 3 4 Smaller of lines 1 and 3 4 5 Multiply Form 1040, line 39a by $1,200 1,550
5 6 Standard deduction 18
41 Subtract line 40 from line 38 41
42 Exemptions 42
43 Taxable income 43
44 Tax 44
Tax Worksheet
1
Enter the amount from Form 1040, line 43
1
2
Enter the amount from Form 1040, line 9b
2
3
Enter the amount from Form 1040, line 13
3
4
Add lines 2 and 3
4
5
Enter $0
5
6
Subtract line 5 from line 4
6
7
Subtract line 6 from line 1
7
8
Enter:
8
9
Enter the smaller of line 1 or line 8
9
10
Enter the smaller of line 7 or line 9
10
11
Subtract line 10 from line 9
11
12
Enter the smaller of line 1 and line 6
12
13
Enter the amount from line 11
13
14
Subtract line 13 from line 12
14
15
Enter:
15
16
Enter the smaller of line 1 or line 15
16
17
Add lines 7 and 11
17
18
Subtract line 17 from line 16
18
19
Enter the smaller of line 14 or line 18
19
20
Multiply line 19 by 0.15
20
21
Add lines 11 and 19
21
22
Subtract line 21 from line 12
22
23
Multiply line 22 by 0.20
23
24
Figure the tax on the amount on line 7
24
25
Add lines 20, 23, and 24
25
26
Figure the tax on the amount on line 1
26
27
Tax on all taxable income. Enter the smaller of line 25 or line 26.27
45 Alternative minimum tax 45
Form 6251
1 Enter the amount from Form 1040, line 41 38
1
(with itemized deductions) (with standard deduction) 2 Smaller of Schedule A, line 4 or 2.5% of Form 1040, line 38 Enter $0 2
3 Taxes from Schedule A, line 9 Enter $0 3
4 Home mortgage interest adjustment Enter $0 4
1
Enter the total of home mortgage interest you deducted on lines 10 through 12 of Schedule A and any mortgage interest premiums you deducted on line 13 of Schedule A
1
2
Enter the part of the interest included on line 1 that was paid on an eligible mortgage...
2
3
Enter the part of the interest included on line 1 that was paid on a mortgage whose proceeds were used in a refinancing of an eligible mortgage...
3
4
Enter the part of the interest included on line 1 that was paid on a mortgage taken out before July 1, 1982...
4
5
Add lines 2 through 4
5
6
Subtract line 5 from line 1
6
5 Schedule A, line 27 Enter $0 5
6 If Form 1040, line 38, is $154,950 or less, enter -0-. Otherwise, see instructions Enter $0 6
7 (minus) Tax refund from Form 1040, line 10 or line 21
7
8 Investment interest expense
8
9 Depletion
9
10 Net operating loss deduction from Form 1040, line 21
10
11 Alternative tax net operating loss deduction
11
12 Interest from specified private activity bonds exempt from regular tax
12
13 Qualified small business stock
13
14 Exercise of incentive stock options
14
15 Estate and trusts
15
16 Electing large partnerships
16
17 Disposition of property
17
18 Depreciation of assets placed in service after 1986
18
19 Passive activities
19
20 Loss limitations
20
21 Circulation costs
21
22 Long-term contracts
22
23 Mining costs
23
24 Research and experimental costs
24
25 Income from certain installment sales before January 1, 1987
25
26 Intangible drilling costs preference
26
27 Other adjustments
27
28 Alternative minimum taxable income
28
29 Exemption 29
AMT Exemption
1 Base exemption
1
2 Form 6251, line 28
2
3 Exemption threshhold
3
4 Subtract line 3 from line 2
4
5 Multiply line 4 by 0.25
5
6 Subtract line 5 from line 1
6
7 Minimum exemption amount
7
8 Earned income
8
9 Add lines 7 and 8
9
10 Enter the smaller of line 6 or line 9
10
30
Subtract line 29 from line 28
30
31
AMT base
31
32
Alternative minumum tax foreign tax credit
32
33
Tentative minimum tax
33
34
Tax from Form 1040, line 44
34
35
AMT
35
46 Excess advance premium tax credit repayment. Attach Form 8962 46
47 Add lines 44, 45, and 46 47
48 Foreign tax credit 48
49 Credit for child and dependent care expenses 49
Form 2441
2 Expenses ( 2
3 Qualifying expenses 3
4 Enter your earned income 4 5 Enter your spouse's earned income the amount from line 4 5 6 Smallest of line 3, 4, or 5 6 7 Form 1040, line 38 7 8 Multiplier for line 6 8 9 Multiply line 6 by line 8 9 10 Tax liability limit
10 11 Credit for child and dependent care expenses 11
50 Nonrefundable education credits 50
Form 8863
Refundable American Opportunity Credit
1
Enter the amount from line 30
1
2
Enter $180,000 90,000
2
3
Enter the amount from Form 1040, line 38
3
4
Subtract line 3 from line 2
4
5
Enter $20,000 10,000
5
6
Multiplier for line 1
6
7
Multiply line 1 by line 6
7
8
Multiply line 7 by 0.40
8
Nonrefundable Education Credits
9
Subtract line 8 from line 7
9
10
Enter the amount from line 31
10
11
Enter the smaller of line 10 or $10,000
11
12
Multiply line 11 by 0.20
12
13
Enter $130,000 65,000
13
14
Enter the amount from Form 1040, line 38
14
15
Subtract line 14 from line 13
15
16
Enter $20,000 10,000
16
17
Multiplier for line 12
17
18
Multiply line 12 by line 17
18
19
Nonrefundable education credits 19
NEC Limit Worksheet
1
Enter the amount from Form 8863, line 18
1
2
Enter the amount from Form 8863, line 9
2
3
Add lines 1 and 2
3
4
Enter the amount from Form 1040, line 47
4
5
Enter the amounts from Form 1040, lines 48, 49, and the amount from Schedule R entered on line 54
5
6
Subtract line 5 from line 4
6
7
Enter the smaller of line 3 or line 6
7
American Opportunity Credit
27
Adjusted qualified education expenses
27
28
Subtract $2,000 from line 27
28
29
Multiply line 28 by 0.25
29
30
American Opportunity Credit
29
Lifetime Learning Credit
31
Adjusted qualified education expenses
31
51 Retirement savings contribution credit 51
Form 8880
(a) You(b) Your spouse
1
Traditional and Roth IRA contributions for 2015
1
2
Elective deferrals to a 401(k) or other qualified plan
2
3
Add lines 1 and 2
3
4
Certain distributions received after 2012 and before the due date
4
5
Subtract line 4 from line 3
5
6
Enter the smaller of line 5 or $2,000
6
7
Add the amounts on line 6
7
8
Form 1040, line 38
8
9 Multiplier for line 7 9 10
Multiply line 7 by line 9
10
11
Form 1040, line 47
11
12
Form 1040, lines 48-50 and Schedule R , line 22
12
13
Subtract line 12 from line 11
13
14
Enter the smaller of line 10 or line 13
14
52 Child tax credit 52
Child Tax Credit Worksheet
1 $1,000 per qualifying child 1 2 Form 1040, line 38 2 3 AGI phaseout threshhold 3 4 AGI above phaseout threshhold 4 5 Multiply line 4 by 5% 5 6 Line 1 minus line 5 6 7 Form 1040, line 47 7 8 Form 1040, total lines 48-51 and Schedule R , line 22 8 9 Subtract line 8 from line 7 9 10 Child tax credit 10
53 Residential energy credits 53
54 Other credits from
Sch R 54
Schedule R
Your filing status is Single, Head of Household, or Qualifying widow(er) and by the end of 2014
1
2
Your filing status is Married filing jointly and by the end of 2014
3
4
5
6
7
not retired on permanent and total disability
Your filing status is Married filing separately and by the end of 2014
8
9
10
If you checked: Enter:
Box 1, 2, 4, or 7 $5,000
Box 3, 5, or 6 $7,500
Box 8 or 9 $3,750
10
11
If you checked:
Box 1, 3, 7, or 8, enter the amount from line 10
Box 6, add $5,000 to the taxable disability income of the spouse who was under age 65
Box 2, 4, or 9, enter your taxable disability income
Box 5, add your taxable disability income to your spouse's taxable disability income
11
12
Enter the smaller of line 10 or line 11
12
13
Enter the following pensions, annuities, or disability income that you (and your spouse) received in 2014
a
Nontaxable part of social security benefits and nontaxable part of railroad retirement benefits treated as social security
13a
b
Nontaxable veteran's pensions and any other pension, annuity, or disability benefit that is excluded from income under any other provision of law
13b
c
Add lines 13a and 13b
13c
14
Form 1040, line 38
14
15
If you checked 15
16
Subtract line 15 from line 14
16
17
Enter one-half of line 16
17
18
Add lines 13c and 17
18
19
Subtract line 18 from line 12
19
20
Multiply line 19 by 0.15
20
21
Tax liability limit (page R-3)
21
22
Enter the smaller of line 20 or line 21
22
55 Total credits 55
56 Subtract line 55 from line 47 56
Other Taxes 57 Self-employment tax 57 58 Unreported social security and Medicare taxes 58 59 Additional tax on IRAs 59 60a Household employment taxes 60a b First-time homebuyer credit repayment 60b 61 Health care: individual responsibility 61 62 Other taxes 62
Other Taxes 63 Total tax 63
Payments 64 Federal income tax withheld 64 65 2015 estimated tax payments and amount applied 65 66a Earned income credit (EIC) 66a b Nontaxable combat pay election 66b 67 Additional child tax credit 67
Schedule 8812 1 Child Tax Credit Worksheet, line 6 1
2 Form 1040, line 52 2
3 Subtract line 2 from line 1 3
4a Earned income 4a
b Nontaxable combat pay 4b
5 Subtract $3,000 from the amount on line 4a 5
6 Multiply the amount on line 5 by 0.15 6
7 Withheld social security and Medicare taxes 7
8 Add Form 1040, lines 27 and 58, and line 62 coded "UT" 8
9 Add lines 7 and 8 9
10 Add Form 1040, lines 66a and 71 10
11 Subtract line 10 from line 9 11
12 Enter larger of line 6 or line 11 12
13 Additional child tax credit (Enter the smaller of line 3 or line 12 Enter the smaller of line 3 and line 6 ) 13
68 American opportunity credit 68
69 Net premium tax credit 69
70 Amount paid with request for extension 70
71 Excess social security tax and tier 1 RRTA tax withheld 71
72 Credit for federal tax on fuels 72
73 Various other credits 73
74 Total payments 74
Federal income taxes