Forms Forms Forms
Name That Credit
Deduction Junction
Company Lore and Administrivia
500
The title of this form is Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts.
What is Form 3520?
500
My exact name can be seen next to Part II at the top of the page of Form 5695; I am nonrefundable and do not carry forward.
What is the Energy Efficient Home Improvement Credit?
https://www.irs.gov/credits-deductions/energy-efficient-home-improvement-credit
500
The SALT deduction amount you’ll get on Schedule A if you have $4,000 in property taxes on your home, $200 in ad valorem taxes on your car, and $12,000 in state income tax withholdings.
What is $10,000?
500
Our company mission, as stated in the paragraph headed Overview and Mission in our 2022 Annual Report (Form 10-K).
What is to power prosperity around the world?
1000
The US Tax Return for Seniors
What is Form 1040-SR?
1000
I’m found on Form 8863, but you’ll need to file 8862 in later years if I get disallowed one year.
What is the American Opportunity Tax Credit? (AOTC)
1000
The cap for the Educator Expenses deduction for 2022.
What is $300?
1000
Redeemable for experiences such as Disney, Royal Caribbean Cruises, and Fairmont Resorts.
What are Spotlights?
2000
Where the Investment Income Tax is calculated.
What is Form 8960?
2000
This credit is not a Limited Liability Company 😉 .
What is the Lifetime Learner’s Credit aka LLC?
2000
A deduction from taxable income, not AGI, but also *not* on Schedule A.
What is the QBI deduction?
2000
The job title for Margaret Lambos’s boss.
What is M3?
4000
Look here for that special 0.9% tax.
What is Form 8959?
The Additional Medicare Tax rate is 0.9%.
4000
I have a de minimis rule - if I’m entirely from passive income and under $600 on a joint return, I just go right on the 1040 without a special form to calculate me.
What is the Foreign Tax Credit?
4000
You can claim me to the extent of net investment income, IF you itemize.
What is investment interest expense?
4000
Intuit’s 401(k) percentage match on up to 6% of base pay.
What is 125%?
5000
The Additional Child Tax Credit is calculated on this form.
What is Form 8812?
5000
Regardless of overall income, if your investment income exceeds $10,300 you cannot claim me.
What is the Earned Income Tax Credit (EITC)?
5000
Common term for the type of “deduction” the student loan interest deduction or similar adjustment on Schedule 1 is.
What is ABOVE THE LINE?
5000
The over/under amount for average weekly hours worked in the month, for the internet reimbursement. If over, the monthly amount is up to $100; if under, up to $50.
What is 30?