How to Complete a 1040EZ
Must complete by April 17 for 2017 taxes!
Pictures of Forms
W-2 Form (top) & 1099INT (bottom)
Depending on amount, #10 is found from tax table.
1040 EZ (front side)
Lines 1-2 can be found from W-2 and 1099INT forms.
How to Fill in Lines on 1040EZ
Line 2: Taxable interest. Found on 1099INT form from bank.
Line 3: No unemployment, enter 0.
Line 4: Adjusted gross income. Add lines 1, 2, 3.
Line 5: *refer to bottom of flyer on how to fill out*
Line 6: Subtract line 5 from 4. This is your taxable income.
Line 7: Federal tax withheld can be found on W-2 form.
Line 8: No earned income, enter 0.
Line 9: Add lines 7 and 8a.
Line 10: Depending on amount on line 6, this is found on the tax table.
Line 11: Full year coverage for health care, enter 0.
Line 12: Add lines 10 and 11. This is total tax.
Line 13a: If line 9 is larger than 12, subtract line 12 from 9. This would be your refund and what you get back.
Lines 13b-d: Bank account information
Line 14: If line 12 is larger than 9, subtract 9 from 12. This is what you would owe back to the IRS.
#5 on 1040EZ
B. Minimum standard deduction (given)
C. Enter larger number of line A or B
D. Maximum standard deviation.
If single, enter $6,300. If married and filing jointly enter $12,600.
E. Enter smaller amount of C or D
F. Exemption Amount
If single, enter 0. If married and filing jointly and both claim as dependents, enter 0. If only one can be claimed as a dependent, enter $4000.
G. Add E and F. Enter total on line 5