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previous pagePrevious Page: Instructions for Schedule J (Form 1040), Income Averaging for Farmers and Fishermen - Line 5
next pageNext Page: Instructions for Schedule J (Form 1040), Income Averaging for Farmers and Fishermen - Line 9
 Use previous pagenext page to find additional occurrences of topic items.Index for these Instructions
taxmap/instr/i1040sj-005.htm#TXMP2d5ffa66

Line 8(p4)


rule
spacer

If line 7 is zero, enter -0- on line 8. Otherwise, figure the tax on the amount on line 7 using:
taxmap/instr/i1040sj-005.htm#f25514j02

2005 Tax Rate Schedules—Line 8

Schedule X—Use if your 2005 filing status was Single or you checked filing status box 1 or 2 on Form 1040NR Schedule Y-2—Use if your 2005 filing status was Married filing separately or you checked filing status box 3, 4, or 5 on Form 1040NR
If Schedule J, line 7, is:
Over—
But not over—Enter on      
Schedule J,  
line 8     
of the amount over—If Schedule J, line 7, is:
Over—
But not over—Enter on     
Schedule J, 
line 8     
of the amount over—
$0
7,300
29,700
71,950
150,150
326,450
$7,300
29,700
71,950
150,150
326,450
.............
...........
$730.00 +
4,090.00 +
14,652.50 +
36,548.50 +
94,727.50 +


10%
15%
25%

28%
33%
35%
$0
7,300
29,700

71,950
150,150
326,450
$0
7,300
29,700
59,975
91,400
163,225
$7,300 29,700
59,975
91,400
163,225
.............
...........
$730.00 + 4,090.00 +
11,658.75 +
20,457.75 +
44,160.00 +
10%
15%
25%
28%
33%
35%
$0
7,300

29,700
59,975
91,400
163,225
Schedule Y-1—Use if your 2005 filing status was Married filing jointly or Qualifying widow(er) or you checked filing status box 6 on Form 1040NR


Schedule Z—Use if your 2005 filing status was Head of household
If Schedule J, line 7, is:
Over—
But not over—Enter on   
Schedule J, 
line 8     
of the amount over—If Schedule J, line 7, is:
Over—
But not over—Enter on
Schedule J,
line 8
of the amount over—
$0
14,600
59,400
119,950
182,800
326,450
$14,600
59,400
119,950
182,800
326,450
............
...........
$1,460.00 +
8,180.00 +
23,317.50 +
40,915.50 +
88,320.00 +


10%
15%
25%

28%
33%
35%
$0
14,600

59,400
119,950
182,800
326,450
$0
10,450
39,800
102,800
166,450
326,450
$10,450 39,800
102,800
166,450
326,450
.............
...........
$1,045.00 + 5,447.50 +
21,197.50 +
39,019.50 +
91,819.50 +
10%
15%

25%
28%
33%
35%
$0
10,450

39,800
102,800
166,450
326,450
taxmap/instr/i1040sj-005.htm#w24811v12
pencil

2005 Qualified Dividends and Capital Gain Tax Worksheet—Line 8

Use this worksheet only if both of the following apply.
  • Your elected farm income on your 2008 Schedule J, lines 5 and 6, does not include any net capital gain.
  • You (a) entered qualified dividends on your 2005 Form 1040, line 9b (or your 2005 Form 1040A, line 9b, or 2005 Form 1040NR, line 10b); (b) entered capital gain distributions directly on your 2005 Form 1040, line 13 (or your 2005 Form 1040A, line 10, or 2005 Form 1040NR, line 14) and checked the box on that line; or (c) filed Schedule D in 2005 and you answered "Yes" on lines 17 and 20 of that Schedule D.
 
1. Amount from your 2008 Schedule J, line 71.               
2. Amount from your 2005 Form 1040, line 9b (or your 2005 Form 1040A, line 9b, or 2005 Form 1040NR, line 10b)2.               
3. Did you file Schedule D in 2005?    
   Box Yes. Enter the smaller of line 15 or 16 of your 2005 Schedule D, but do not enter less than -0- Right brace3.               
   Box No.Enter the amount from your 2005 Form 1040, line 13 (or your 2005 Form 1040A, line 10, or 2005 Form 1040NR, line 14)    
4. Add lines 2 and 34.               
5. Amount, if any, from your 2005 Form 4952, line 4g5.               
6. Subtract line 5 from line 4. If zero or less, enter -0-6.               
7. Subtract line 6 from line 1. If zero or less, enter -0-7.               
8. Enter the smaller of:   
  
  • The amount on line 1, or
  
  
  • $29,700 if single or married filing separately or if you
      checked filing status box 1, 2, 3, 4, or 5 on Form 1040NR;
Right brace8.               
    $59,400 if married filing jointly or qualifying widow(er),
   or if you checked filing status box 6 on Form 1040NR;
  $39,800 if head of household. 
  
9. Is the amount on line 7 equal to or more than the amount on line 8?  
   Box Yes.Skip lines 9 through 11; go to line 12 and check the "No" box.  
   Box No.Enter the amount from line 79.               
10. Subtract line 9 from line 810.               
11. Multiply line 10 by 5% (.05)11.              
12. Are the amounts on lines 6 and 10 the same?  
   Box Yes.Skip lines 12 through 15; go to line 16.  
   Box No.Enter the smaller of line 1 or line 6 12.               
13. Enter the amount from line 10 (if line 10 is blank, enter -0-)13.               
14. Subtract line 13 from line 1214.               
15. Multiply line 14 by 15% (.15)15.              
16. Figure the tax on the amount on line 7. Use the 2005 Tax Rate Schedules on page J-416.              
17. Add lines 11, 15, and 1617.              
18. Figure the tax on the amount on line 1. Use the 2005 Tax Rate Schedules on page J-418.              
19. Tax. Enter the smaller of line 17 or line 18 here and on your 2008 Schedule J, line 8 19.              
  
previous pagePrevious Page: Instructions for Schedule J (Form 1040), Income Averaging for Farmers and Fishermen - Line 5
next pageNext Page: Instructions for Schedule J (Form 1040), Income Averaging for Farmers and Fishermen - Line 9
 Use previous pagenext page to find additional occurrences of topic items.Index for these Instructions