Yes go to line 3 650 3 is your earned income more

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Yes.Go to line 3.6503Is your earned income more than $650 (see instructions)?3001,100Yes.Add $300 to your earned income. Enter the total.....31,400No.Enter $9509504Enter the smaller of line 1 or line 3...............................45,7005Multiply the number on Form 1040, line 39a, or Form 1040A, line 23a, by $1,100 ($1,400 if singleor head of household). If blank, enter -0-.............................506Form 1040 filers only, enter from your 2010 Form 4684, line 17, any loss from a disasterdeclared a federal disaster after 2007 that occurred before 2010 (see instructions).........67Did you (or your spouse if filing jointly) pay any state or local sales or excise taxes in 2010 for theinstructions)?No.Skip lines 7 through 16, enter -0- on line 17, and go to line 18.0Check one box.Yes.If Form 1040, line 38, or Form 1040A, line 22, is less than $135,000135,000($260,000 if married filing jointly), enter the amount of these taxes paid.260,00078(see instructions)..........................89Is the amount on line 8 more than $49,500?49,500No.Enter the amount from line 7.Yes.attributable to the first $49,500 of the purchase price of eachnew motor vehicle and enter it here (see instructions).........910Enter the amount from Form 1040, line 38, or Form 1040A, line 221011Form 1040 filers only, enter the total of any—lAmounts from Form 2555, lines 45 and 50; Form 2555-EZ, line 18;125,000and Form 4563, line 15, and250,000lExclusion of income from Puerto Rico................1112Add lines 10 and 11.........................1213Enter $125,000 ($250,000 if married filing jointly).............1314Is the amount on line 12 more than the amount on line 13?No.Skip lines 14 through 16, enter the amount from line 9 online 17, and go to line 18.Yes.Subtract line 13 from line 12..................1415Divide the amount on line 14 by $10,000. Enter the result as a10,000decimal (rounded to at least three places). If the result is 1.000 ormore, enter 1.000..........................1516Multiply line 9 by line 15.......................1617Subtract line 16 from line 9..................................17018Add lines 4, 5, 6, and 17. Enter the total here and on Form 1040, line 40, or Form 1040A, line 24.18See Line 7.For Paperwork Reduction Act Notice, see Form 1040A or 1040 instructions.Cat. No. 49875FSchedule L (Form 1040A or 1040)20104Attach to Form 1040A or 1040.4See instructions on back.Sequence No.57File this formonlyif you are increasing your standard deduction by certain net disaster losses or new motor vehicle taxes paidForm 1040 Filers Only:It may be better for you to itemize your deductions instead. See the Instructions for Schedule A (Form 1040).purchase of any new motor vehicle(s)afterFebruary 16, 2009, andbeforeJanuary 1, 2010 (seeOtherwise, skip lines 7 through 16, enter -0- on line 17, and go to line 18.Enter the purchase price(before taxes) of the new motor vehicle(s)Figure theportionof the tax from line 7 that is
SCHEDULE MOMB No. 1545-0074(Form 1040A or 1040)Making Work Pay Credit2010Department of the TreasuryAttachmentInternal Revenue Service (99)Name(s) shown on returnYour social security number000-00-0000To take the making work pay credit, you must include your social security number (if filing a joint return, the number of either you or your spouse)on your tax return. A social security number does not include an identification number issued by the IRS. Only the Social Security Administrationissues social security numbers.

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Term
Fall
Professor
ForrestYoung
Tags
Taxation in the United States

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