Line 59 - Federal Income Tax Withheld
Add the amounts shown as Federal income tax withheld on your Forms W-2, W-2G, and 1099-R. Enter the total on Line 59. The amount withheld should be shown in box 2 of Form W-2 or W-2G, and in box 4 of
Form 1099-R. If Line 59 includes amounts withheld as shown on Form 1099-R,
attach the Form 1099-R to the front of your return.
If you received a 2001 Form 1099 showing Federal income tax withheld on
dividends, interest income, unemployment compensation, social security benefits,
or other income you received, include the amount withheld in the total on line 59. This should be shown in bow 4 of the 1099 form or box 6 of Form
SSA-1099.
Line 60 - 2001 Estimated Tax Payments
Enter any payments you made on your estimated Federal income tax (Form 1040-ES)
for 2001. Include any overpayment from your 2000 return that you applied to your
2001 estimated tax.
If you and your spouse paid joint estimated tax but are now filing separate
income tax returns, you can divide the amount paid in any way you choose as long as
you both agree. If you cannot agree, you must divide the payments in proportion to
each spouse's individual tax as shown on your separate return in 2001. For an example
of how to do this, see Pub. 505. Be sure to
show both social security numbers (SSNs)
in the space provided on the separate returns. If you or your spouse paid separate
stimated tax but you are now filing a joint return, add the amounts you each paid.
Follow these instructions even if your spouse died in 2001 or in
2002 before filing a 2001 return.
Divorced Taxpayers
If you got divorced in 2001 and you made joint estimated tax payments with your
former spouse, put your former spouse�s SSN in the space provided on the front of
Form 1040. If you were divorced and remarried in 2001, put your present spouse�s
SSN in the space provided on the front of Form 1040. Also, under the heading
�Payments� to the left of Line 60, put your former spouse�s SSN, followed by �DIV.�
Name Change
If you changed your name because of marriage, divorce, etc., and you made estimated tax payments using your former name, attach a statement to the front of Form 1040. On the statement, explain all the payments you and your spouse made in 2001 and the name(s) and SSN(s) under which you made them.
Lines 61a and 61b - Earned Income Credit (EIC)
What Is the EIC?
The EIC is a credit for certain people who work. The credit may give you a refund even if you do not owe any tax.
To Take the EIC:
- Follow the steps on the worksheet.
- Complete the worksheet that applies to you OR let the IRS figure the credit for you.
- If you have a qualifying child, complete and attach Schedule EIC.
YOU WILL NEED YOUR 1040 AND YOUR W-2s.
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If you take the EIC even though you are not eligible and it is determined that your error is due to reckless or intentional disregard of the EIC rules, you will not be allowed to take the credit for 2 years even if you are otherwise ligible to do so. If you fraudulently take the EIC, you will not be allowed to take the credit for 10 years. You may also have to pay penalties.
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Line 62 - Excess Social Security and RRTA Tax Withheld
If you, or your spouse if filing a joint return, had more than one employer for 2001 and total wages of more than $80,400, too much social security tax may have been withheld. You can take a credit on this Line for the amount withheld in excess of $4,984.80. But if any one employer withheld more than $4,984.80, you must ask that employer to refund the excess to you. You cannot claim it on your return. Figure this amount separately for you and your spouse.
If you had more than one railroad employer for 2001 and your total compensation was over $59,700, too much railroad retirement (RRTA) tax may have been withheld.
For more details, see Pub. 505.
Line 63 - Additional Child Tax Credit
What Is the Additional Child Tax Credit?
This credit is for certain people who have at least on qualifying child as
defined in the instructions for Line 6c, column (4), on
page 20. The additional child tax credit
may give you a refund even if you do not owe any tax.
Two Steps To Take the Additional Child Tax Credit!
- STEP 1 - Be sure you figured the amount, if any, of your child tax credit. See the instructions for line 48, that begin on page 37.
- STEP 2 - Read the TIP at the end of your Child Tax Credit Worksheet. Use Form 8812 to see if you can take the additional child tax credit only if you meet the two conditions given in that TIP.
Line 64 - Amount Paid With Request for Extension To File
If you filed Form 4868 to get an automatic extension of time to file Form
1040, enter any amount you paid with that form or by electronic funds withdrawal or credit card. If
you paid by credit card, do not include on Line 64 the convenience fee you were charged.
Also, include any amounts paid with Form 2688 or 2350.
Line 65 - Other Payments
Check the box(es) on Line 65 to report any credit from
Form 2439 or 4136.
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