what is the Assumption Tax that automatically appears on form 1040

[Lydell-89]

what is the Assumption Tax that automatically appears on form 1040, and how do I know if I owe it.

[Bsch4477]

Where do you see it?

[Lydell-89]

line 17 on form 1040

[DoninGA]

Form 1040 is the federal tax return and there is no such tax on a federal tax return.

The only Assumption Tax that was found with a Google search is in the state of Louisiana for Assumption parish and it is a Sales and Use Tax imposed by the parish.  It is not an income tax.

Go to this website - http://assumptionschools.com/salestax

[DoninGA · Accepted solution]

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@Lydell-89 wrote:

line 17 on form 1040

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Only two taxes would be on Line 17 from Schedule 2

Alternative minimum tax

Excess advance premium tax credit repayment

[Bsch4477]

See line 3 of Sch 2

https://www.irs.gov/pub/irs-pdf/f1040s2.pdf

[Lydell-89]

why is automatically appearing on federal 1040 form in turbo tax

[Lydell-89]

I do live in Louisiana but not assumption parish

[Lydell-89]

I wrote it wrong. It is the alternative minimum tax. What is this tax and how do I know if I owe. My return is showing not tax due on line 38 form 1040

[Lydell-89]

What does this mean and how do I know if I owe this, Line 38 is showing no taxes due.

[RobertB4444]

The Alternative Minimum Tax is for high earning individuals who have too many deductions to keep them from paying no taxes at all.