Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I need help finding the number for number 44. I cant figure out the correct answer. The tax form is for 2016. The couple is
I need help finding the number for number 44. I cant figure out the correct answer. The tax form is for 2016. The couple is married filing jointly with two kids.
38 Amount from line 37 (adjusted gross income) 38 173,182 V You were born before January Tax and Check2, 1952, Blind. if: Total boxes checked 39a 39a 0 Credits Spouse was born before January 2, 1952, Blind. If your spouse itemizes on a separate return or you were a dual-status alien, check here Standard Deduction 40 Itemized deductions (from Schedule A) or your standard deduction (see left margin) 40 15,200 People who check any box41 Subtract line 40 from line 38... .. . on line 39a or 39b or who can 42 Exemptions. If line 38 is $155,650 or less, multiply $4,050 by the number on line be claimed as a dependent, see 41 157,982 V 42 16,200 43 Taxable income. Subtract line 42 from line 41. If line 42 is more than line 41, enter -0 43 141,782 V . All others: Single or Married filing 45 Alternative minimum tax (see instructions). Attach Form 6251... . 44 Tax (see instructions). Check if any from: a Form(s) 8814 b Form 4972 c . . 45 $6,300 46 Excess advance premium tax credit repayment. Attach Form 8962 46 Married filing jointly or Qualifying widow(er), $12,600 Head of | 47 48 Foreign tax credit. Attach Form 1116 if required. . 48 Credit for child and dependent care expenses. Attach Form 2441 49 49 $9,300 50 Education credits from Form 8863, line 19........ . . . 51 Retirement savings contributions credit. Attach Form 8880. . 51 52 Child tax credit. Attach Schedule 8812, if required. . . . .. .. 52 53 Residential energy credit. Attach Form 5695. . . .. 53 54 Other credits from Form: a 3800 b 8801 c 54 55 Add lines 48 through 54. These are your total creditsStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started