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Qualified Dividends and Capital Gain Tax Worksheet—Line 12aKeep for Your Records
See the earlier instructions for line 12a to see if you can use this worksheet to figure your tax.
Before completing this worksheet, complete Form 1040 or 1040-SR through line 11b.
If you don’t have to file Schedule D and you received capital gain distributions, be sure you checked the box
on Form 1040 or 1040-SR, line 6.
Before you begin:
1.Enter the amount from Form 1040 or 1040-SR, line 11b. However, if you are
filing Form 2555 (relating to foreign earned income), enter the amount from
line 3 of the Foreign Earned Income Tax Worksheet......................1.
2. Enter the amount from Form 1040 or 1040-SR,
line 3a*......................................2.
3.Are you filing Schedule D?*
Yes.Enter the smaller of line 15 or 16 of
Schedule D. If either line 15 or 16 is blank
or a loss, enter -0-.3.
No.Enter the amount from Form 1040 or
1040-SR, line 6.
4.Add lines 2 and 3..............................4.
5.If filing Form 4952 (used to figure investment interest
expense deduction), enter any amount from line 4g of
that form. Otherwise, enter -0-.................... 5.
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:
$39,375 if single or married filing separately,
$78,750 if married filing jointly or qualifying widow(er),
$52,750 if head of household.............8.
9.Enter the smaller of line 1 or line 8....................................9.
10.Enter the smaller of line 7 or line 9 ....................................10.
11.Subtract line 10 from line 9. This amount is taxed at 0%...................11.
12.Enter the smaller of line 1 or line 6....................................12.
13.Enter the amount from line 11........................................13.
14.Subtract line 13 from line 12.........................................14.
15.Enter:
$434,550 if single,
$244,425 if married filing separately,
$488,850 if married filing jointly or qualifying widow(er),
$461,700 if head of household.
............15.
16.Enter the smaller of line 1 or line 15...................................16.
17.Add lines 7 and 11.................................................17.
18.Subtract line 17 from line 16. If zero or less, enter -0-.....................18.
19.Enter the smaller of line 14 or line 18..................................19.
20.Multiply line 19 by 15% (0.15).......................................20.
21.Add lines 11 and 19................................................21.
22.Subtract line 21 from line 12.........................................22.
23.Multiply line 22 by 20% (0.20)....................................... 23.
24.Figure the tax on the amount on line 7. If the amount on line 7 is less than $100,000, use the Tax Table
to figure the tax. If the amount on line 7 is $100,000 or more, use the Tax Computation
Worksheet..........................................................................24.
25. Add lines 20, 23, and 24...............................................................25.
26.Figure the tax on the amount on line 1. If the amount on line 1 is less than $100,000, use the Tax Table
to figure the tax. If the amount on line 1 is $100,000 or more, use the Tax Computation
Worksheet ..........................................................................26.
27.Tax on all taxable income. Enter the smaller of line 25 or 26. Also include this amount on the entry
space on Form 1040 or 1040-SR, line 12a. If you are filing Form 2555, don’t enter this amount on the
entry space on Form 1040 or 1040-SR, line 12a. Instead, enter it on line 4 of the Foreign Earned
Income Tax Worksheet ...............................................................27.
* If you are filing Form 2555, see the footnote in the Foreign Earned Income Tax Worksheet before completing this line.
-33-Need more information or forms? Visit IRS.gov.