On Line 7, write the federal income tax withheld from Form s W-2 and Line 8a is where you put the amount you are eligible to claim in the Earned Income Tax Credit.
The IRS has a chart that helps you figure this out. Line 8b is for the nontaxable combat pay election, applicable to military filers only. The IRS recommends that you compute the credit with and without your nontaxable combat pay before deciding whether to include it on your tax form. On Line 9, add lines 7 and 8a.
These are your total payments and credits. For Line 10, use the amount on line 6 to find your tax in the tax table in the form instructions. Then, enter the tax from the table. On Line 11 you should indicate whether you had full-year health coverage.
If not, you will have to enter an individual responsibility payment. For Line 12, add lines 10 and This is your total tax. The next section of the form is for your tax refund.
On Line 13a, if Line 9 is larger than line 12, subtract line 12 from line 9. You can also get a Form EZ at a local library or post office. If you need a form from a prior tax year, you can search for it on the IRS website as well.
This should be your full, legal name, as matched to the records of both the Social Security Administration and IRS taxpayer records. It does not matter which name is written first so long as you file the same way each year.
On the third and fourth lines, you will write your address. Only include a P. Next, you will be completing the Income section by stating the sum of your Form s W-2 in line 1. This part of the form is necessary to account for your gross wages, salaries, and tips. Enter any taxable interest on line 2 and unemployment compensation and Alaska Permanent Fund dividends on line 3.
Adding lines will provide you with your adjusted gross income. Additionally, if either you or your spouse if married and filing jointly can be claimed as a dependent, you must check the appropriate box.
When you are finished with this portion of the form, you will move on to the next section, Payments, Credits, and Tax, and follow the instructions outlined by the IRS. This section will determine whether you will receive a refund or owe a tax penalty. In line 7, you will write the amount of federal income tax withheld according to your W This information can be found on box 2 of your Form s W Next, any EIC or nontaxable combat pay election will be added to lines 8a-b.
If you are eligible for a refund, you will supply the IRS with your banking information. However, if you owe a tax penalty, you will need to pay your debt by the deadline. You can pay your tax debt online, by money order, or with cash. Once you include all the necessary signatures, you will either submit the form electronically or mail it to the proper address.
When you are ready, you can submit Form EZ online via the IRS site yourself or have a tax professional help you with electronic filing. To find out the specific address, check out the IRS mailing options. Forms and SR resemble the EZ form, which originally aimed to simplify the tax return preparation process if you faced a straightforward tax situation and met certain conditions. Now, with Forms and SR as options, the choice is still simple for most taxpayers. The regular form includes more income categories, deductions, and credits, while the SR form is only available to you if you are 65 or older.
If you meet the age criteria, Form SR: U. Tax Return for Seniors is the same as the current Form , but with a larger font and the standard deduction table printed on the form. Form SR also provides more space to fill in your information if you fill out the form by hand. While this form is no longer in use, the below information is accurate for each section in tax years prior to As with all tax forms, the top of Form EZ required you to provide your personal information such as:.
Here, you listed tax payments you had already made through employer withholding or estimated tax payments. If you had federal tax withheld from your paycheck, your employer would issue you a Form W-2 reporting the total amount withheld. If you were eligible for the EITC, you could claim it in this section. However, these were the only two tax credits you could claim when filing Form EZ.
You then added up all of your payments and credits before calculating the tax on your taxable income. You could use the tax tables in the instructions to find the amount of tax you owed for your filing status and taxable income. If your total tax payments and credits exceeded the calculated tax on your income, then you were entitled to a refund for overpayment. If you calculated a refund, you could enter your bank information and have it deposited directly to your account.
If you had underpaid, then you needed to make a payment for the remaining balance. A tax return is not valid without signatures. While it may seem obvious, many taxpayers forget to sign their returns before mailing them to the IRS. For this part, you needed to be sure to sign it in the last section. If you filed jointly, your spouse needed to sign it, too. If you filed electronically, you would have signed your tax return electronically. Remember, with TurboTax , we'll ask you simple questions about your life and help you fill out all the right tax forms.
Whether you have a simple or complex tax situation, we've got you covered.
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