Tax Schedule

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Dictionary Says

Definition of 'Tax Schedule'

A rate sheet used by individual taxpayers to determine their estimated taxes due. There are four main schedules used, based on the filing status of the individual:

Schedule X - single
Schedule Y-1 - married filing jointly, qualifying widow(er)
Schedule Y-2 - married filing separately
Schedule Z - head of household

The term is also used to describe the various addendum sheets to IRS Form 1040, which include schedules A (itemized deductions), B (dividend & interest income), C (business profit or loss) and D (capital gains).

Also known as a “rate schedule” or “tax rate schedule”.
Investopedia Says

Investopedia explains 'Tax Schedule'

The main tax schedules have income breakpoints clearly stated, and show which tax rates apply both above and beneath these breakpoints. These schedules will change each tax year, and may have different income ranges than those mentioned on state or municipality tax forms.

Investors can find all federal tax schedules on the IRS website, www.irs.gov.
Search results for

'Tax Schedule'

  • What are Schedule K-1 documents used for?

    http://www.investopedia.com/ask/answers/09/k-1-tax-form.asp
    The Schedule K-1 is a tax document issued for an investment in partnership interests.
    The purpose of the Schedule K-1 is to report your share of the. ...

  • How does the marginal tax rate system work?

    http://www.investopedia.com/ask/answers/05/marginaltaxrate.asp
    ... It is important to note, however, that the income is not all taxed at one rate but
    at many rates as it moves across the marginal tax rate schedule. ...

  • Want A Bigger Tax Refund? Don't Itemize - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0310/Want-A-Bigger-Tax-Refund-Dont-Itemize.aspx
    ... In fact, there are so many special breaks the Internal Revenue Service created a
    new tax form this year: Schedule L, Standard Deductions for Certain Filers. ...

  • The Ultimate Tax-Time Checklist

    http://www.investopedia.com/articles/tax/11/ultimate-tax-guide.asp
    ... is tax deductible on Line 27. Use Schedule SE to calculate how much
    self-employment tax you owe. (To learn more, read 10 Tax Benefits ...

  • How To Qualify For The Home-Office Tax Deduction

    http://www.investopedia.com/articles/pf/08/home-office-tax-deduction.asp
    ... on these deductions, go to the IRS website and download the instructions for IRS
    Form 2106 and Schedule C. (To learn more, check out A Tax Primer For Homeowners ...

  • Top Homeowner Tax Write-Offs For 2010 - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1210/Top-Homeowner-Tax-Write-Offs-For-2010.aspx
    ... Real Estate Taxes The taxes assessed on personal residences are another major expense
    that is reported on Schedule A as an itemized deduction. This tax is paid ...

  • Tax Deductions On Mortgage Interest

    http://www.investopedia.com/articles/pf/06/MortIntTaxDeduct.asp
    ... Tutorial: Personal Income Tax Guide Limitations In most cases, all mortgage interest
    can be ... He or she files Form 1040 and itemizes deductions on Schedule A. He ...

  • Oil: A Big Investment With Big Tax Breaks

    http://www.investopedia.com/articles/07/oil-tax-break.asp
    ... in the example above, the remaining $75,000 could be written off according to a
    seven-year schedule. Active vs. Passive Income: The tax code specifies that a ...

  • Will Your Home Sale Leave You With Tax Shock?

    http://www.investopedia.com/articles/pf/06/homesaletax.asp
    ... If the exclusion wipes out all of your gain, you don't have to report the sale on
    your tax return. Otherwise, you must file the transaction on Schedule D. In ...

  • The Simple Tax Math Of Roth Conversions

    http://www.investopedia.com/articles/retirement/08/roth-conversion-2010.asp
    ... Most affluent taxpayers fall into the current 28% federal bracket or above and would
    be vulnerable to higher rates if tax relief expires on schedule. ...

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