How To Complete Your 1040EZ...
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2) Filling in Personal and Income Section
Personal Info Section: Fill in the required information in each box with readable text
Box 1: Enter the TOTAL amount of wages from all of your W-2 Forms and attach them to the document.
Box 2: This number can be found in your 1099 INT Form in the Interest Income box (Ex: $765.00)
Box 3+4: Self-explanatory
Box 5: Self-explanatory, also requires completion in the back of the document. Follow each step attentively!
Box 6: In this box, the amount of money in box 5 is subtracted to line 4 if line 4 is larger. If not, "enter -0-" (Taxable Income). Ex: $31,250 - $6,300 = $24,950
3) Filling in Payments, Credits, and Tax
Box 8: (a) see instructions in the EIC section if no income credit enter -0- (b) Only if you chose to give $3 to the Presidential Election Campaign
Box 9: Total payments and credits (adding line 7+8)
Box 10: Total Tax= in order to find this number, you will need your number in line 6 and the 2015 tax table. Using the 2015 tax table, find your number in line 6 and follow column according to your status (single, married, etc.) Enter the corresponding tax return value in the line.
Box 11: Healthcare= enter the amount you pay for healthcare/see instructions
Box 12: Add lines 10 and 11 together
YOU'RE ALMOST THERE!
4) Final Four!
Owe: ONLY if your line 12 is larger than your line 9, you owe money to the government. You could also have this amount charged to your account if wanted to and seeing details on how to pay.
Third Party Designee: ONLY if you want another person to discuss the return with the IRS. You would have to put their name and phone number and PIN.
"SIGN HERE": This is proof that you have examined the return and "accurately listed all information". You will fill in your signature, date, occupation, phone number, etc. ONLY if it is a joint return, you will provide the "Spouse's signature, date," etc.
Paid Preparer USE ONLY: DO NOT WRITE IN THIS SECTION