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wkjones1997
New Member

How do I figure out why I have a Schedule 3 form?

I am trying to complete my taxes and it is saying that I have to upgrade to TurboTax Deluxe because I have a Schedule 3, Nonrefundable credit.
6 Replies
ChristieB
New Member

How do I figure out why I have a Schedule 3 form?

Schedule 3 is a new form introduced by the IRS as part of the 2018 tax reform that reports the Nonrefundable Credits on your tax return. It is transferred from this form to your Form 1040, line 12 and includes Nonrefundable Education Credits, the Child and Dependent Tax Credit, and the Retirement Savings Contributions Credit. 

I have attached a screenshot below that shows the items that are included. 

**Edited to add: You can view a preview of your Schedule 3 with your specific credits listed if you take the steps below: 

When logged into TurboTax Online:

1.) On the left-hand side of your return, click Tax Tools

2.) Click Tools

3.) On the window that pops up, click View Tax Summary

4.) On the left-hand side of your screen, click Preview My 1040

If you scroll down, you will see a section called Schedule 3. The amounts of the items you qualify for will be listed here. 

Teamnosleep239
New Member

How do I figure out why I have a Schedule 3 form?

Is there a way to get rid of the schedule 3 on my tax return beside upgrading to the Deluxe version so that I can file? It's the only thing getting in the way of me filing for my return. 

BillM223
Expert Alumni

How do I figure out why I have a Schedule 3 form?

Schedule 3 is automatically generated by TurboTax as part of the 1040 if you have any of a number of credits or other payment or refundable credits. If you have one of these items, then the IRS requires the form.

 

Items on Schedule 3 include:

  • Credit for child and dependent care expenses
  • Education credits
  • Retirement savings contributions credit
  • Residential energy credits
  • Net premium tax credit
  • and other payments and credits

You can see a copy of the IRS form for Schedule 3 at the IRS website.

 

If you manage to remove Schedule 3, it will be because you removed a credit that you deserved, thus increasing your tax or reducing your refund.

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Teamnosleep239
New Member

How do I figure out why I have a Schedule 3 form?

Do you know of a way to remove the schedule 3 from my return? 

DoninGA
Level 15

How do I figure out why I have a Schedule 3 form?


@Teamnosleep239 wrote:

Do you know of a way to remove the schedule 3 from my return? 


Look at your tax return Form 1040 and any associated schedules.  If you have an amount entered on Schedule 3 it cannot be deleted.

Click on Tax Tools on the left side of the screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

 

To delete a form or schedule - Click on Tax Tools.  Click on Tools.  Click on Delete a form

BillM223
Expert Alumni

How do I figure out why I have a Schedule 3 form?

If you manage to remove Schedule 3, it will be because you removed a credit that you deserved, thus increasing your tax or reducing your refund.

 

Schedule 3 is automatically generated by TurboTax as part of the 1040 if you have any of a number of credits or other payment or refundable credits. If you have one of these items, then the IRS requires the form.

 

Items on Schedule 3 include:

  • Credit for child and dependent care expenses
  • Education credits
  • Retirement savings contributions credit
  • Residential energy credits
  • Net premium tax credit
  • and other payments and credits

You can see a copy of the IRS form for Schedule 3 at the IRS website.

 

 

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**Mark the post that answers your question by clicking on "Mark as Best Answer"
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