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IRS 1040 - Schedule 2 2022	4.1 Satisfied (34 Votes)
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IRS 1040 - Schedule 2 2019	4.2 Satisfied (53 Votes)

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What does Schedule 2 mean on FAFSA?

Schedule 2: Supporting documentation for tax form 1040 if box 11b is checked. This Schedule is used to report additional taxes owed such as the alternative minimum tax, self-employment tax, or household employment taxes. Schedule 3: Supporting documentation for tax form 1040 if box 12b is checked.

What does Schedule 2 Line 2 mean on fafsa?

Schedule 2--Line 2 --- which is what you say FAFSA is asking about --- pertains to health insurance.

What are Schedule 1 and Schedule 2 taxes?

Schedule 2 is for Additional Taxes. Like Schedule 1, this form may be blank but is still included with your 1040. It is a two-page form with two parts. Part I is titled Tax and is for the alternative minimum tax (AMT) and excess advance premium tax credit repayment, which is related to ACA health insurance credits.

What is Schedule 2 tax form used for?

Schedule 2: Supporting documentation for tax form 1040 if box 11b is checked. This Schedule is used to report additional taxes owed such as the alternative minimum tax, self-employment tax, or household employment taxes.

What happens if you dont have Schedule 2?

Schedule 2 is where other taxes are listed. If there is no Schedule 2, you subtract zero.

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