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previous pagePrevious Page: Instructions for Schedule J (Form 1040), Income Averaging for Farmers and Fishermen - Line 13
next pageNext Page: Instructions for Schedule R (Form 1040), Credit for the Elderly or the Disabled - 2008 Instructions for Schedule R (Form 1040)
 Use previous pagenext page to find additional occurrences of topic items.Index for these Instructions
taxmap/instr/i1040sj-009.htm#TXMP2c446e08

Line 16(p9)


rule
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If line 15 is zero or less, enter -0- on line 16. Otherwise, figure the tax on the amount on line 15 using:
taxmap/instr/i1040sj-009.htm#TXMP614129c8

Lines 18, 19, and 20(p12)


rule
spacer

taxmap/instr/i1040sj-009.htm#f25514j06

2007 Tax Rate Schedules—Line 16

Schedule X—Use if your 2007 filing status was Single or you checked filing status box 1 or 2 on Form 1040NR Schedule Y-2—Use if your 2007 filing status was Married filing separately or you checked filing status
box 3, 4, or 5 on Form 1040NR
If Schedule J, line 15, is:
Over—
But not over—Enter on     
Schedule J,     
line 16     
of the amount over—If Schedule J, line 15, is:
Over—
But not over—Enter on     
Schedule J,     
line 16     
of the amount over—
$0
7,825
31,850
77,100
160,850
349,700
$7,825
31,850
77,100
160,850
349,700
.............
...........
$782.50 +
4,386.25 +
15,698.75 +
39,148.75 +
101,469.25+


10%
15%
25%

28%
33%
35%
$0
7,825
31,850

77,100
160,850
349,700
$0
7,825
31,850
64,250
97,925
174,850
$7,825
31,850
64,250
97,925
174,850
.............
...........
$782.50 + 4,386.25 +
12,486.25 +
21,915.25 +
47,300.50 +
10%
15%
25%
28%
33%
35%
$0
7,825

31,850
64,250
97,925
174,850
Schedule Y-1—Use if your 2007 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 2007 filing status was Head of household
If Schedule J, line 15, is:
Over—
But not over—Enter on     
Schedule J,     
line 16     
of the amount over—If Schedule J, line 15, is:
Over—
But not over—Enter on     
Schedule J,     
line 16     
of the amount over—
$0
15,650
63,700
128,500
195,850
349,700
$15,650
63,700
128,500
195,850
349,700
............
...........
$1,565.00 +
8,772.50 +
24,972.50 +
43,830.50 +
94,601.00 +


10%
15%
25%

28%
33%
35%
$0
15,650

63,700
128,500
195,850
349,700
$0
11,200
42,650
110,100
178,350
349,700
$11,200 42,650
110,100
178,350
349,700
.............
...........
$1,120.00 + 5,837.50 +
22,700.00 +
41,810.00 +
98,355.50 +
10%
15%

25%
28%
33%
35%
$0
11,200

42,650
110,100
178,350
349,700
taxmap/instr/i1040sj-009.htm#w25514j06
pencil

2007 Qualified Dividends and Capital Gain Tax Worksheet—Line 16

Use this worksheet only if both of the following apply.
  • Your elected farm income on your 2008 Schedule J, line 2, does not include any net capital gain.
  • You (a) entered qualified dividends on your 2007 Form 1040, line 9b (or your 2007 Form 1040A, line 9b, or 2007 Form 1040NR, line 10b); (b) entered capital gain distributions directly on your 2007 Form 1040, line 13 (or your 2007 Form 1040A, line 10, or 2007 Form 1040NR, line 14) and checked the box on that line; or (c) filed Schedule D in 2007 and you answered "Yes" on lines 17 and 20 of that Schedule D.
 
1. Amount from your 2008 Schedule J, line 151.               
2. Amount from your 2007 Form 1040, line 9b (or your 2007 Form 1040A, line 9b, or 2007 Form 1040NR, line 10b)2.               
3. Did you file Schedule D in 2007?    
   Box Yes. Enter the smaller of line 15 or 16 of your 2007 Schedule D, but do not enter less than -0- Right brace3.               
   Box No.Enter the amount from your 2007 Form 1040, line 13 (or your 2007 Form 1040A, line 10, or 2007 Form 1040NR, line 14)    
4. Add lines 2 and 34.               
5. Amount, if any, from your 2007 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
  
  
  • $31,850 if single or married filing separately, or if you
      checked filing status box 1, 2, 3, 4, or 5 on Form 1040NR;
Right brace8.               
    $63,700 if married filing jointly or qualifying widow(er) or
  if you checked filing status box 6 on Form 1040NR;
  $42,650 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 2007 Tax Rate Schedules on page J-1016.              
17. Add lines 11, 15, and 1617.              
18. Figure the tax on the amount on line 1. Use the 2007 Tax Rate Schedules on page J-1018.              
19. Tax. Enter the smaller of line 17 or line 18 here and on your 2008 Schedule J, line 16 19.              
  
taxmap/instr/i1040sj-009.htm#w51145e01
pencil

2007 Foreign Earned Income Tax Worksheet—Line 16

  • If Schedule J, line 15, is zero or less, do not complete this worksheet.
1.Enter the amount from your 2008 Schedule J, line 151.            
2.Enter the amount from your (and your spouse's, if filing jointly) 2007 Form 2555, line 45, or Form 2555-EZ, line 182.            
3.Add lines 1 and 23.            
4.Tax on the amount on line 3. Use the 2007 Tax Rate Schedules on page J-10, the 2007 Qualified Dividends and Capital Gain Tax Worksheet on page J-11,* or the 2007 Schedule D Tax Worksheet in the 2007 Schedule D instructions,* whichever applies. 4.            
5.Tax on the amount on line 2. Use the 2007 Tax Rate Schedules on page J-10. 5.            
6.Subtract line 5 from line 4. Enter the result. If zero or less, enter -0-. Also include this amount on your 2008 Schedule J, line 16 6.            
*Enter the amount from line 3 above on line 1 of the 2007 Qualified Dividends and Capital Gain Tax Worksheet or the 2007 Schedule D Tax Worksheet if you use either of those worksheets to figure the tax on line 4 above. Complete the rest of that worksheet through line 6 (line 10 if you use the Schedule D Tax Worksheet). Next, you must determine if you had a capital gain excess. To find out if you had a capital gain excess, subtract the amount from your 2007 Form 1040, line 43, from line 6 of your 2007 Qualified Dividends and Capital Gain Tax Worksheet (line 10 of your 2007 Schedule D Tax Worksheet). If the result is more than zero, that amount is your capital gain excess.
 If you did not have a capital gain excess, complete the rest of either of those worksheets according to the worksheet's instructions. Then complete lines 5 and 6 above.
 If you had a capital gain excess, complete a second 2007 Qualified Dividends and Capital Gain Tax Worksheet or 2007 Schedule D Tax Worksheet (whichever applies) as instructed above but in its entirety and with the following additional modifications. Then complete lines 5 and 6 above. These modifications are to be made only for purposes of filling out the 2007 Foreign Earned Income Tax Worksheet above.
 1. Reduce the amount you would otherwise enter on line 3 of your 2007 Qualified Dividends and Capital Gain Tax Worksheet or line 9 of your 2007 Schedule D Tax Worksheet (but not below zero) by your capital gain excess.
 2. Reduce the amount you would otherwise enter on your 2007 Form 1040, line 9b, (but not below zero) by any of your capital gain excess not used in (1) above.
 3. Reduce the amount on your 2007 Schedule D (Form 1040), line 18, (but not below zero) by your capital gain excess.
 4. Include your capital gain excess as a loss on line 16 of your 2007 Unrecaptured Section 1250 Gain Worksheet on page D-9 of the 2007 Instructions for Schedule D (Form 1040).
If you amended your return or the IRS made changes to it, enter the corrected amount.
previous pagePrevious Page: Instructions for Schedule J (Form 1040), Income Averaging for Farmers and Fishermen - Line 13
next pageNext Page: Instructions for Schedule R (Form 1040), Credit for the Elderly or the Disabled - 2008 Instructions for Schedule R (Form 1040)
 Use previous pagenext page to find additional occurrences of topic items.Index for these Instructions