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Level 1
June 6, 2019
Question

What are the “other taxes” referred to on line 14 of form 1040?

  • June 6, 2019
  • 1 reply
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rjs
Level 15
Level 15
June 6, 2019

"Other taxes" on Schedule 4, which flows to Form 1040 line 14, include the following.

  • Self-employment tax
  • Social Security and Medicare tax on unreported tips
  • Additional tax (i.e. penalty) for early distributions from an IRA or 401(k), failure to take an RMD, or excess contributions to an IRA, ESA, MSA, HSA, or ABLE account
  • Household employee taxes ("nanny tax")
  • Repayment of the first-time homebuyer credit
  • Individual responsibility payment (i.e. penalty) for not having health insurance coverage
  • Additional Medicare tax
  • Net Investment Income Tax