How To Fill out A 1040EZ?

Arnold Johnson income tax return

Basic Information

First you need your W-2 form sent by your employer and 1099INT form sent by the bank.

Due date is April 15th

Breakdown of the 1040EZ

1 Wages, salaries, and tips. This should be shown in box1 of your Form(s) W-2.

- On this line you will look at your W-2 form and fill in the first line with the amount listed on the first line of your W-2 form.

2 Taxable interest. If the total is over $1,500 you cannot use Form 1040EZ

-This information is found on the 1099INT so fill in the second line with the amount listed on the first line of the 1099INT

3 Unemployment compensation and Alaska Permanent Fund dividends.

- This line is filled out with 0 if you're not receiving unemployment.

4 Add lines 1, 2, and 3. This is your adjusted gross income.

- For this line its pretty self explanatory.

5 If someone can claim you ( or your spouse if a joint return ) as a dependent, check the applicable box(es) below and enter the amount from the worksheet on back.

____You ____spouse

If no one claims you (or your spouse if a joint return) , enter $10,300 if single; $20,600 if married filing joint. se back for explanation.

-For this line its different for everyone but in this case he is claimed by his parents and would check the you box. then would go to the back and fill that out.

5 on back-

A. Amount, if any, from line 1 on front

- On this line you would just place the amount from box 1 + $350.00

B. Minimum standard deduction

- This line is already filled out for you.

C. Enter the larger of line A or B here

- For this line you compare lines 1 and 2 then place the larger on the line.

D. Maximum standard deduction. If Single, enter $6,300; If married filing jointly, enter $12,600

-On this line, enter the price pertaining to you.

E. Enter the smaller of line C or line D. This is your standard deduction.

-This line is self explanatory in case it isn't, just compare the two amounts and simply place the smaller amount on the line

F. Exemption amount.

  • If single, enter 0
  • If married filing joint and --
--Both you and your spouse can be claimed as dependents, enter -0-.

--Only one of you can be claimed as a dependent, enter $4,000.

G. Add lines E and F, Enter the total here and on line 5 on the front

-For this line its pretty self explanatory.

6 Subtract line 5 from line 4. If line 5 is larger than line 4, enter-0-

- On this line you will compare the amounts from line 5 and 4 then subtract or enter 0 depending on the amounts listed.

7 Federal Income tax withheld from From(s) W-2 and 1099.

-For this line you look back to your W-2 Form and put the amount from line 2 on line 7

8a Earned income credit (EIC) (see instructions)

-On this line the amount depends on the person.

8b NonTaxable Combat pay election

-This line depends on if you served in the military

9 Add lines 7 and 8a. These are your total payments and credits.

- on this line all you have to do is combine the 2 said amounts and place the result on the line.

10 Tax. Use the amount on line 6 above to find tax in the tax table in the instructions. Then, enter the tax from the table on this line.

-For this line take your tax Table and search under the number the number range from line 6 and place the amount on line 10.

11 Healthcare: individual responsibility (see instructions) Full year coverage___

- On this line place your insurance rate and check the box for Full year coverage if it applies.

12 Add lines 10 and 11. This is your total tax.

-This line requires you to add the 2 listed amounts and place the result on the line.

13 If line 9 is larger than line 12, subtract line 12 from line 9. This is your refund.

-For this line it depends but is pretty self explanatory .

14 If line 122 is larger than line 9, subtract line 9 form line 12. This is the amount you owe.

-This is filled out only if you didn't fill 13 based on the which amount is larger and if you owe or are refunded money.

Tax Table

When using a tax table you take the amount from line 6 of the 1040EZ and go down the list of the closest number range and then go right and find the amount that applies to you based on your status.