What is tax shown on a 2017 tax return?
This is true even if you are due a refund. For most people, the “tax shown on your return” is the amount on your 2017 Form 1040, line 63, minus the total of any amounts shown on lines 61, 66a, 67, 68, 69, and 72 and Forms 8828, 4137, 5329 (Parts III through IX only), 8885, and 8919.
How much is 71 on a 2017 tax return?
The total of lines 64, 65, and 71 on your 2017 return is at least 100% of the tax shown on your 2016 return (110% of that amount if you aren't a farmer or fisherman, and your adjusted gross income (AGI) shown on your 2016 return was more than $150,000 (more than $75,000 if married filing separately for 2017)).
How much is a standard deduction in 2017?
Standard deduction amounts in- creased. For 2017, the standard deduc- tion for married individuals filing a joint return and qualifying widow(er)s has in- creased to $12,700; for head of house- hold filers the amount has increased to $9,350; and for single filers and married individuals filing separate returns the amount has increased to $6,350.
What is a 2017 Form 1040?
2017 Form 1040—Lines 23 Through 29 that is helpful and appropriate for your profession as an educator. An expense doesn’t have to be required to be consid- ered necessary. Qualified expenses don’t include ex- penses for home schooling or for non- athletic supplies for courses in health or physical education.
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