Line 16 Worksheet

Year: 2026

Filing Status: single

Deduction Type: standard

Deduction:

1) Enter the amount from Form 1040 or 1040-SR, line 15. 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

2) Enter the amount from Form 1040 or 1040-SR, line 3a*

3) Are you filing Schedule D?*
Yes) Enter the smaller of line 15 or line 16 of Schedule D. If either line 15 or line 16 is blank or a loss, enter -0-.
No) Enter the amount from Form 1040 or 1040-SR, line 7

4) Add lines 2 and 3

5) Subtract line 4 from line 1. If zero or less, enter -0-

7) Enter the smaller of line 1 or line 6

8) Enter the smaller of line 5 or line 7

9) Subtract line 8 from line 7. This amount is taxed at 0%

10) Enter the smaller of line 1 or line 4

11) Enter the amount from line 9

12) Subtract line 11 from line 10

Select a filing status.

14) Enter the smaller of line 1 or line 13

15) Add lines 5 and 9

16) Subtract line 15 from line 14. If zero or less, enter -0-

17) Enter the smaller of line 12 or line 16

18) Multiply line 17 by 15% (0.15)

19) Add lines 9 and 17

20) Subtract line 19 from line 10

21) Multiply line 20 by 20% (0.20)

22) Figure the tax on the amount on line 5. If the amount on line 5 is less than $100,000, use the Tax Table to figure the tax. If the amount on line 5 is $100,000 or more, use the Tax Computation Worksheet

23) Add lines 18, 21, and 22

24) 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

25) Tax on all taxable income. Enter the smaller of line 23 or line 24. Also include this amount on the entry space on Form 1040 or 1040-SR, line 16. If you are filing Form 2555, don't enter this amount on the entry space on Form 1040 or 1040-SR, line 16. Instead, enter it on line 4 of the Foreign Earned Income Tax Worksheet