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Form 1040-SS for St. Petersburg Florida: What You Should Know

X 200,000 or the least of 15% x 200,000 or 50,000. Part II. Total Tax 10.5% x 200,000 or the least of 15% x 200,000 or 50,000. Part IV. Total Tax 10.5% x 200,000 or the least of 15% x 200,000 or 50,000. Part V. Total Tax 10.5% x 200,000 or the least of 15% x 200,000 or 50,000. 2017 Part 1 Total Tax 3,521.00 × 15.5% 15,908.00 Subtotal 1,521.00 × 15.5% 15,908.00 Part 1 Part II Subtotal (5,931.00) Subtotal (1,904.00) Subtotal (2,621.00) Part 2 Subtotal (7,821.00) Subtotal (2,999.00) Subtotal (3,821.00) The amount of the credit for the child If the amount you report online (2a) is more than the amount reported on line (2) on any return for the year, you can elect to use the child credit instead of the credit for the income tax withheld on Schedule H (Form 1040). If you receive more in a year than on line 2a on any return for the year, file Form 1040X, Children and Deductions, if filing jointly, and Form 1040NR, or Form 1040S, if filing separately, and claim the credit for the child. For details, see Instructions for Schedule H (Form 1040). If you elected to use the child credit. The credit must be claimed on your federal income tax return for the tax year for which you choose to claim the credit. If you didn't file a return to the year for which you elect to use the child credit, you can't claim the credit in the next year. If you elected to use the credit. If you had more money in the year after subtracting child credit amounts from your adjusted gross income. For instructions, see 10.9, Taxable Income of Dependents and the Child. If you claimed the child credit. If you didn't choose to reduce the income tax you paid in the year by the amount of the child credit.

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