IRS Form Reference
The following are not supported:
- All of Part II – optional methods to figure net earnings
- Line 1a/1b - Farm profit, Conservation reserve payments
- Line 4b - optional methods to figure net earnings
- Line 5a - Church employee income
- Line 8b - Unreported tips
- Line 8c - Form 8919 wages
Form 8959 Addtl Medicare Tax
Section titled “Form 8959 Addtl Medicare Tax”The following are not supported:
- Line1 - We use your full W2 income, which does not include pre-tax deductions from your employer.
- Line2 - Unreported tips
- Line3 - Uncollected Medicare taxes
- Part 3 - Railroad
- Part 5 - Withholding Reconciliation
Form 8960 Net Investment Income Tax
Section titled “Form 8960 Net Investment Income Tax”The following are not supported:
- Line3 - We offer an input field Pensions and Annuities, but most of those (government, employer, 401k/403b, etc.) are not subject to NIIT. If you have a non-qualified or insurance investment annuity, these should trigger NIIT but will not show in your Tax Insights at this time.
- Line4 - Income & Adjustments - All income in the Passive Income field is assumed to be investment income at this time.
- Line5 - Your capital gains or losses are used, no other exceptions
- Line6 - CFC, PFIC
- Line7 - Other
- Part2 - Lines 9-11
Schedule 1-A Additional Deductions
Section titled “Schedule 1-A Additional Deductions”Only Part V - Enhanced Deduction for Seniors - is calculated.
The other fields can be manually calculated and added to the Sched 1-A Deductions Input field.
- No Tax on Tips
- No Tax on Overtime
- No Tax on Car Loan Interest
Schedule 8812 Child & Other Dependent Tax Credit
Section titled “Schedule 8812 Child & Other Dependent Tax Credit”The following are not supported:
- Line2 - Income from Puerto Rico, Form 2555, and Form 4563
- Part II-B - Certain filers with 3+ children and Bona Fide residents of Puerto Rico. A note will appear in the tooltip if your return falls into this bucket.
Medicare calculates MAGI as your AGI plus any tax exempt interest, generally on line 2a. Catalyst does not track tax exempt interest, so the MAGI we use may be low if you have a significant amount of tax exempt interest.