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More On This Topic I'm going to talk now about the income section of the Form 1040EZ. This section has six line items. The first is number one, wages, salaries and tips. And generally this is going to be box number one on your W-2 form. Line two is taxable interest. If... Read More » I'm going to show you now an example of filing out the Form 1040EZ for a joint return. In the example, we have James B. Jones, who worked for John L. Smith Construction Company, and he's married to Sarah J. Jones, who worked for the Mary J. Smith Bakery... Read More » Okay, in this example, I'm going to use James B. Jones, who worked for the John L. Smith Construction Company, in Austin, Texas, and James earned $34,210.25 which we see in box "1". He also had $3,810 in tax withheld from his income. Now, we go to line... Read More » I want to talk now about the payments and tax section on form 1040EZ. First, line seven is for federal income tax withheld and you can find this by going to your W-2 statements and looking at box "2". Then you simply add up all of the box "2" amounts on... Read More » If someone can claim you or your spouse as a dependent; you need to fill out the worksheet on the back of this form. The section you're looking for is "Worksheet for Dependency", check one or more boxes on line five. In the example that I?m using, I have... Read More » |
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