Line 35a
If you were age 65 or older or blind, check the appropriate boxes on line 35a. If you
were married and checked the box on line 6b of Form 1040 and your spouse was age
65 or older or blind, also check the appropriate boxes for your spouse. Be sure to
enter the total number of boxes checked.
Age
If you were age 65 or older on January 1, 2000, check the "65 or older" box on your 1999 return.
Blindness
If you were partially blind as of December 31, 1999, you must get a statement certified
by your eye doctor or registered optometrist that:
- You cannot see better than 20/200 in your better eye with glasses or contact lenses, or
- Your field of vision is 20 degrees or less.
If your eye condition is not likely to improve beyond the conditions listed above,
you can get a statement certified by your eye doctor or registered optometrist to this
effect instead.
You must keep the statement for your records.
Line 35b
If your spouse itemizes deductions on a separate return or if you were a
dual-status alien, check the box on line 35b. But if you were a dual-status
alien and you file a joint return with your spouse who was a U.S. citizen or
resident at the end of 1999 and you and your spouse agree to be taxed on your
combined worldwide income, do not check the box.
Line 36 - Itemized Deductions or Standard Deduction
In most cases, your Federal income tax will be less if you take the larger of:
- Your itemized deductions, or
- Your standard deduction.
|
If you checked the box on line 35b, your standard deduction is zero. |
Itemized Deductions: To figure your itemized deductions,
fill in Schedule A.
Standard Deduction: Most people can find their standard deduction by looking
at the instructions to the left of line 36 of
Form 1040. But if you checked any box on line 35a OR you (or your spouse if filing
jointly) can be claimed as a dependent, use the chart or worksheet on page 30 that applies
to you to figure your standard deduction. Also, if you checked the box on
line 35b, your standard deduction is zero, even if you were age 65 or older or blind.
Electing To Itemize for State Tax or Other Purposes: If you itemize even though
your itemized deductions are less than your standard deduction, enter "IE" next to line 36.
Line 39 - Taxable Income
If You Want, the IRS Will Figure Your Tax and Some of Your CreditsTax.
If you have paid too much, we will send you a refund. If you did not pay
enough, we will send you a bill. For details, including who is eligible and what to do,
see Pub. 967.
Credit for the Elderly or the Disabled: If you can take this credit and you want us to
figure it for you, see the Instructions for Schedule R.
Earned Income Credit (EIC): Follow the steps that begin on page 38 to see if you can
take this credit and, if you can, what to do if you want us to figure it for you.
Line 40 - Tax
Use one of the following methods to figure your tax. Also include in the total on line
40 any of the following taxes.
- Tax from Forms 4972 and 8814. Be
sure to check the appropriate box(es).
- Tax from recapture of an education credit (see page 13). Enter the amount and
"ECR" on the dotted line next to line 40.
Tax Table or Tax Rate Schedules: You must use the Tax Table or Tax Rate
Schedules to figure your tax unless:
If your taxable income is less than $100,000, you must use the Tax Table,
which starts on page 57. Be sure you use the correct column. If your taxable income
is $100,000 or more, use the Tax Rate Schedules on page 69.
Form 8615 Form 8615 must generally be used to figure
the tax for any child who was under age 14 on January 1, 2000, and who had more than
$1,400 of investment income, such as taxable interest or dividends. But if neither of
the child's parents was alive on December 31, 1999, do not use Form 8615 to figure
the child's tax.
Schedule D If you had a net capital gain on Schedule D
(both lines 16 and 17 of Schedule D are gains) and the amount on Form 1040, line 39, is more than zero, use Part IV of Schedule D to figure your tax.
Capital Gain Tax Worksheet If you received capital gain
distributions but you are not required to file Schedule D, use the
worksheet below to figure your tax.
Schedule J If you had income from farming, your tax
may be less if you choose to figure it using income averaging on Schedule J.
Line 41 - Credit for Child and Dependent Care Expenses
You may be able to take this credit if you paid someone to care for your child under age 13 or your dependent or spouse who
could not care for himself or herself. For details, use Tele-Tax Topic 602
or see Form 2441.
Line 42
- Credit for the Elderly or the Disabled
You may be able to take this credit if by the end of 1999 (1) you were age 65 or older,
or (2) you retired on permanent and total disability and you had taxable disability
income. But you usually cannot take the credit if the amount on Form 1040, line 34,
is $17,500 or more ($20,000 if married filing jointly and only one spouse is eligible for
the credit; $25,000 if married filing jointly and both spouses are eligible; $12,500 if
married filing separately). See Schedule R.
Line 43 - Child Tax Credit
Line 44 - Education Credits
If you (or your dependent) paid expenses in 1999 for yourself, your
spouse, or your dependent to enroll in or attend the first 2 years of
post-secondary education, you may be able to take the Hope credit. For
qualified expenses paid in 1999, you may be able to take the lifetime
learning credit. See Form 8863 for details. However, you cannot
take either credit if:
- Your filing status is married filing separately, or
- You are claimed as a dependent on someone's (such as your parent's) 1999 tax return.
Line 45 - Adoption Credit
You may be able to take this credit if you paid expenses after 1996 to adopt a child.
See Form 8839 for details.
Line 46 - Foreign Tax Credit
If you paid income tax to a foreign country, you may be able to take this credit. But you
must complete and attach Form 1116 to do
so.
Exception. You do not have to file Form 1116 to take this credit if all five of
the following apply.
- All of your gross foreign-source income is from interest and dividends and
all of that income and the foreign tax paid on it is reported to you on Form 1099-INT or Form 1099-DIV (or substitute statement).
- If you have dividend income from shares of stock, you held those shares for at
least 16 days.
- You are not filing Form 4563 or excluding income from sources within Puerto
Rico.
- The total of your foreign taxes is not more than $300 (not more than $600 if married filing jointly).
- All of your foreign taxes were:
- Legally owed and not eligible for a refund, and
- Paid to countries that are recognized by the United States and do not support terrorism.
If you meet all five requirements, enter your total foreign tax on line 46. If you do
not, see Form 1116 to find out if you can
take the credit and, if you can, if you have to file Form 1116. If you need more information about these requirements, see the
Instructions for Form 1116.
Line 47 - Other Credits
Include in the total on line 47 any of the following credits and check the appropriate
boxes. If box d is checked, also enter the form number. To find out if you can take
the credit, see the form or publication indicated.
- Mortgage interest credit. If a state or local government gave you a mortgage
credit certificate, see Form 8396.
- Credit for prior year minimum tax. If you paid alternative minimum tax in a prior
year, see Form 8801.
- Qualified electric vehicle credit. If you placed a new electric vehicle in service in
1999, see Form 8834.
- General business credit. This credit consists of a number of credits that usually
apply only to individuals who are partners, shareholders in an S corporation, self-employed, or who have rental property. See
Form 3800 or Pub. 334.
- Empowerment zone employment credit. See Form 8844.
- District of Columbia first-time home-buyer credit. See Form
8859.
Line 48
If you sold fuel produced from a nonconventional source, see Internal Revenue Code
section 29 to find out if you can take the nonconventional source fuel credit. If you
can, attach a schedule showing how you figured the credit. Include the credit in the
total on line 48. Enter the amount and "FNS" on the dotted line next to line 48.
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