What is Schedule 2?
Schedule 2 collects all additional taxes beyond the regular income tax on Form 1040 Line 16. This includes the Alternative Minimum Tax, self-employment tax, early retirement distribution penalties, household employment taxes, and high-income surtaxes.
SupportedKey Lines
| Line | Description | Source |
|---|---|---|
| Line 1 | Alternative Minimum Tax | Form 6251 |
| Line 2 | Excess advance Premium Tax Credit repayment | Form 8962 |
| Line 4 | Self-employment tax | Schedule SE |
| Line 8 | Early distribution penalties | Form 5329 |
| Line 9 | Household employment taxes | Schedule H |
| Line 11 | Additional Medicare tax | Form 8959 |
| Line 12 | Net Investment Income Tax | Form 8960 |
| Line 17b | Additional HSA tax | Form 8889 |
| Line 44 | Total additional taxes | → Form 1040 Line 17 |
How PaisaTax Handles It
- Fully computed — all lines pull from their source forms automatically
- Line 44 total adds to Form 1040 Line 17, increasing total tax on Line 24