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twstull
New Member

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

 
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1 Reply
rjs
Level 15
Level 15

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

"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
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