Complete this schedule to determine line 3 and line 6 of Form 2025

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Schedule 3: Supporting documentation for tax form 1040 if box 12b is checked. This Schedule is used to declare your capital gains or losses for items such as real estate, shares and mutual funds in addition to any other capital properties you have disposed of.
Purpose of Schedule 3 (Form 1040) It is used to report various types of income or adjustments, including: Nonrefundable credits: Certain nonrefundable tax credits that you may be eligible for, such as the Foreign Tax Credit, Education Credits, Retirement Savings Contributions Credit, and Residential Energy Credits.
Claiming a net PTC will increase your refund or lower the amount of tax you owe. Net PTC is reported on Form 1040, Schedule 3, Line 8. Taxpayers claiming a net PTC must file Form 8962 and report an amount on Line 26 of the form when filing their 2020 tax return.
Who needs to file Form 1040 Schedule 3? Not everyone needs to file Schedule 3 with their federal income tax return. You only need to file Schedule 3 if youre claiming any of the tax credits or made any of the tax payments mentioned above.
Line 3. If, during 2024, you cashed series EE or I U.S. savings bonds issued after 1989 and you paid qualified higher education expenses for yourself, your spouse, or your dependents, you may be able to exclude part or all of the interest on those bonds. See Form 8815 at IRS.gov/Form8815 for details.

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The IRS says to use Line 6, Other taxes, to record one of two types of taxes: Income taxes you paid to a foreign country Any generation skipping tax (GST) imposed on income distributions
Schedule 2, Additional Taxes Line 1a calculates from Form 8962 line 29. The Add button opens a Form 8962. Line 2 calculates from Form 6251, line 11. The Add button opens a Form 6251. Line 3 calculates by adding lines 1z and 2. This amount transfers and becomes part of the calculation on Form 1040, line 17.

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