Schedule 3: Additional Credits and Payments
IRS Schedule 3 covers nonrefundable credits (such as the foreign tax credit and the credit for child and dependent care expenses), estimated tax payments and payments made with filing extensions, and the premium tax credit.
First you need to see why it is showing up in your return, which may provide a clue on how to possibly remove whatever triggered it (if you can). But depending on the items in your return, you may be required to have Schedule 3. If you are using Online TurboTax, you can look at Schedule 3 using this method:
- With your return open, go to the left menu column and go down to TAX TOOLS, then select the TOOLS tab.
- In the Tools window choose View Tax Summary.
- On the Tax Summary screen go back to the left menu column and choose Preview My 1040.
- Scroll way down below the Form 1040, and you will see Schedules 1, 2, and 3 if they are in your return.
- When you look at Schedule 3, what item or items are showing up? i.e., what kind of credits and payments are reported there?
Here's what a blank Schedule 3 looks like at the IRS website:
https://www.irs.gov/pub/irs-pdf/f1040s3.pdf
