Estimated Untaxed Benefits
This includes untaxed income found on the federal income tax
return and other untaxed income benefits.
From the 2000 federal income tax return:
-
Earned Income Credit (1040 - Line 60a; 1040A - Line 38a;
1040EZ - Line 8a; Telefile - Line L)
-
Deductible IRA and/or self-employed SEP, SIMPLE and Keogh
payments (1040 - total lines 23 + 29; 1040A line 16)
-
Untaxed portion of pensions, excluding rollovers (1040
- Line 15a minus 15b and 16a minus 16b; 1040A - Line 11a minus 11b and
12a minus 12b)
-
Credit for Federal tax on special fuels (IRS Form 4136
- Line 9)
-
Foreign income exclusion (IRS Form 2555 - Line 43; 2555EZ
- Line 18)
-
Tax exempt interest income (1040 - Line 8b; 1040A - Line
8b)
-
Additional child tax credit (Line 62; 1040A - Line 39)
Add other untaxed income and benefits not found on tax return.
Child support and Social Security benefits received on the student's behalf
should be reported under parents' untaxed income.
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