Find out accurately complete Schedule 2 of IRS Form 1040.
Schedule 2 of Federal Tax Return IRS Form 1040A is used to report child and dependent care expenses you paid in the tax filing year. If you paid someone to take care of your child(ren) or dependents while you looked for a job, the care expenses are a tax deductible expense and should be reported on your 1040A Schedule 2. Qualifying dependent care expenses may be deductible expenses whether you paid them out of your own bank account or through an employer sponsored plan such as a flexible spending account.
Instructions
1. Enter the care providers information in Part I, lines a through d, which includes the contact name, address, Social Security number and amount paid.
2. Enter the qualifying person's information. Part II of the form is where you enter the information for each child or dependent that was cared for during your job hunt. Column a includes the person's name, column b is the person's Social Security number and column c is the amount of the expense paid for the individual.
3. Complete the dependent care benefits section. The final section of the form is Part III, which is where you complete employer sponsored account information such as money you used from your flexible spending account to pay for the care expenses.
