# How to Complete a 1040EZ

### Sara Carrillo (Ms. Leonard Pd.10)

## Forms That Are Needed

## 1099-INT This is given to you by the bank. | ## 1040EZ Form This is used to file your federal income tax. | ## Tax Return Table This is used to help find your tax. |

## Things to Know in Order to Complete

## LINE 1: Wages, salaries, and tips.

## LINE 2: Taxable Interest

## LINE 3: Unemployment compensation and Alaska Permanent Fund dividends.

## LINE 4: Adjust your Gross Income

## LINE 5: Claimed?

First you will add up your amount form line 1 with 350.00 and enter your total in line A. Line B is already given to you. Line C asks to enter the larger number of line A or line B. In this case it will be line A (30,835). In line D, you enter 6,300 if single or $12,600 if married filing jointly. I would enter 6,300. Line E asks to put the smaller number of line C and D here. I would enter 6,300. Line F asks to enter 0 if single or both you and your spouse can be claimed as dependents and enter $4000 if only one of you can be claimed as a dependent. Finally, line G asks you to add lines E and F. I would enter 6,300. Therefore, 6,300 would be the number I enter on line 5 of the 1040EZ.

## LINE 6: Taxable Income

## LINE 7: Federal Income Tax withheld form Form(s) W-2 and 1099

## LINE 8a: Earned income credit (EIC)

## LINE b: Nontaxable combat pay election

## LINE 9: Total Payments and credits

## LINE 10: Tax

First you will have to look at the amount on line 6, which for me is 24,950. Then I would look under the column 24,000 because that is were the number falls. Next I would look for the number closest to 24,500. This would be near the two numbers 24,950 and 25,000. The third number that comes after them would be 3,285. This is the number that I would put down.