Important changes to the 2017 Personal Income Tax forms and schedules

A brief description of changes to the 2017 Personal Income Tax forms from the previous year.

Form 1

• Updated year end references from 2016 to 2017 and from 2015 to 2016

• Added “Foreign Province/State/County” field in address section.

• Line 2e1, Medical/dental and line 2e2, Adoption, broken out to separate lines.

• 2e is now Medical/dental

• 2f is now Adoption

• New line 2g, Total exemptions

• Signature area at bottom of page 1 changed to just taxpayer signature(s). Paid preparer section of signature area moved to last page.

• Line 6, Schedule C income (line 6a) broken out from Schedule F income (line 6b) and totaled in line 6.

• Line 15 - Schedule Y line reference updated

• Line 38 – 2016 Form 1 line reference updated

• New line 41 “Payment with original return. Use only if amending a return.”
  renumbered subsequent lines accordingly.

• New field (oval) added in line 42, Earned Income Credit. Oval to be filled in if married filing separate taxpayer claiming EIC if they qualify for an exception (victim of domestic abuse).

• Form PV, Payment Voucher, no longer required to be filed with return.

Form 1-NRPY

• Updated year end references from 2016 to 2017 and from 2015 to 2016

• Added “Foreign Province/State/County” field in address section.

• Line 4e1, Medical/dental and line 4e2, Adoption, broken out to separate lines.

• 4e is now Medical/dental

• 4f is now Adoption

• New line 4g, Total exemptions

• Signature area at bottom of page 1 changed to just taxpayer signature(s). Paid preparer section of signature area moved to last page.

• Line 8, Schedule C income (line 8a) broken out from Schedule F income (line 8b) and totaled in line 8.

• Line 19 – Schedule Y line reference updated

• Line 42 – 2016 Form 1 line reference updated

• New line 45 “Payment with original return. Use only if amending a return.”
  renumbered subsequent lines accordingly.

• New field (oval) added in line 46, Earned Income Credit. Oval to be filled in if married filing separate taxpayer claiming EIC if they qualify for an exception (victim of domestic abuse).

• Form PV, Payment Voucher, no longer required to be filed with return

Schedule HC – Updated year end references from 2016 to 2017

Instructional text added to lines 4 and 5.

Schedule B – Updated year end references from 2016 to 2017

Schedule C – Updated year end references from 2016 to 2017

Schedule CB

• Updated year end references from 2017 to 2018; and 2016 to 2017

• Line 2, changed amount maximum assessed value from $720,000 to $747,000

• Line 9, changed $71,000 to $72,000

• Line 17, changed maximum credit amount from $1,070 to $1,080

• Line 21, changed maximum credit amount from $1,070 to $1,080

• Schedule CB, line 3 worksheet on page 2, line 2, added “and Schedule Y, line 18”

Schedule D – Updated year end references from 2016 to 2017; and 2015 to 2016

Schedule DI – Updated year end references from 2016 to 2017

Schedule E Reconciliation – Updated year end references from 2016 to 2017

Schedule E-1 - Updated year end references from 2016 to 2017

Schedule E-2 - Updated year end references from 2016 to 2017

Schedule E-3 - Updated year end references from 2016 to 2017

Schedule X/Y

• Updated year end references from 2016 to 2017

• Schedule Y, line 11, added “full-year residents only” within parens

• Schedule Y, new line 18 for Prepaid tuition or college savings program deduction.

• Schedule Y, line 18 renumbered to line 19; line 17 reference updated to line 18

Schedule OJC

• updated year end reference from 2016 to 2017

• Added field for Federal Identification number in registration section
  changed name from “Income Tax Paid to Other Jurisdictions” to “Income Tax Due to Other Jurisdictions”

• Changed text in last column from “Total tax paid before credits…” to “Total tax due before credits…”