By Wiktoria Wielgus
What forms do you need?
Who sends you those forms?
You can find the Tax Table online.
How to complete a 1040EZ?
Line 2- You put your taxable interest that you also get from the W-2 form
Line 3-If you fill this line out,you are unemployed but most of the time you are placing a 0 because you are employed
Line 4- You have to add the lines from above 1+2+3 to give you the adjusted gross income
Line 5- You must follow the instructions on the 1040ez to figure out the total for this line
There is a chart you fill out to see what you actually pay
Line 6-Subtract Line 4 from line 5 to get your taxable income
Line 7- You put the withheld federal income on this line which is found on your W-2 form
Line 8- You see instructions, but most of the time you place a 0
Line 9- Add lines 8 and 9 to get your total payments and credits
Line 10- Use your tax table and line 6 to find your total tax match up. Then enter the tax from the table on this line.
Line 11- If you have health care, you put it here whether it is full coverage or not, usually a 0.
Line 12-Add line 11 and 10 to find your total tax
Line 13- If line 9 is larger than line 12 subtract 9 form 12 and that is your tax return
Line 14-If line 12 is larger than line 9 subtract line 12 from 9 and that is the amount you owe.