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Intuit
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What are the new schedules?

As part of Tax Reform, there’s a new Form 1040 and many of the sections that were on the old 1040 are now on six new schedules, Schedule 1-6.

Below is a summary of each new schedule.

Schedule 1—Additional Income and Adjustments to Income

Here are some examples of what’s included on this schedule:

  • Taxable Refunds
  • Business Income
  • Student Loan Interest

See Schedule 1

Schedule 2—Tax

Here you’ll find the Alternative Minimum Tax (AMT) and the Repayment of Advance Premium Tax Credit.

See Schedule 2

Schedule 3—Nonrefundable Credits

Some examples of nonrefundable credits are:

  • Foreign Tax Credit,
  • Dependent Care Benefits
  • The nonrefundable part of education credits

See Schedule 3

Schedule 4—Other Taxes

Here are some examples of what’s included on this schedule:

  • Self-employment tax
  • Additional tax on retirement plans
  • Individual responsibility payment for not having healthcare

See Schedule 4

Schedule 5—Other Payments and Refundable Credits

Here are some examples of what’s included on this schedule:

  • Estimated tax payments
  • Net premium tax credit
  • Excess Social Security tax that you paid

See Schedule 5

Schedule 6—Foreign Address and Third Party Designee

This schedule is only used if you have a foreign address or you have designated someone else to talk to the IRS about your tax return on your behalf.

See Schedule 6

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