A taxpayer uses Schedule 2 of the IRS Form 1040 to report additional taxes not reported directly on Page 2 of the Form 1040.
Schedule 2 comprises Part 1 and Part 2., which include taxes and other taxes. More details are below.
Part 1 – Taxes
- Alternative Minimum Taxes reported on Form 6251 (Alternative Minimum Tax for Individuals)
- Excess Advanced Premium Tax Credits reported on Form 8962 (Premium Tax Credit)
Part 2 – Other Taxes
- Self-Employment Tax on Schedule SE (Self-Employment Tax)
- Unreported Social Security and Medicare Tax
- Additional Tax on IRAs and Other Qualified Retirement Plans
- Household Employment Taxes on Schedule H (Form 1040) Household Employee
- Repayment of the First-Time Homebuyer Tax Credit
- Additional Medicare Taxes on Form 8959 (Additional Medicare Tax)
- Net Investment Income Tax (NIT) on Form 8960 (Net Investment Income Tax)
- Section 965 Transition Tax Liability
- Other Additional Taxes
Sample Video Tutorials
Please visit our YouTube channel here for a walkthrough of the Form 1040 Schedule 2.
Additional Information
Taxpayers can find more information on the IRS website here.