When it comes to filling out your 1040EZ you may feel a little overwhelmed and would appreciate some help. Fortunately, there are some easy to follow form 1040EZ instructions out there that will help you. As long as you follow the 1040 EZ instructions below you will have no problem whatsoever with your taxes or free tax filing.
Tip #1 You should fill out your name, address, social security number, and name of your spouse if you are filing jointly with a spouse.
Tip #2 In box of your W2 forms you will see the total amount of wages, tips, and salaries you earned. Enter this amount on line one of your form 1040 EZ.
Tip #3 Line two is where you should enter taxable interest.
Tip #4 Unemployment compensation is to be entered on line three, if applicable.
Tip #5 Add together the lines and sum them up on line four.
Tip #6 Choose “yes” or “no” if someone else can claim you on their return. If you are married and select “no” add $12,700 to line 5, if you are single and checked “no” add $7,050 to line 5. If you check “yes” complete the worksheet on the back.
Tip #7 Subtract the amounts on lines five and four and enter the resulting amount on line six. Enter a “0” on line six if the number on line five is more than the number on line four.
Tip #8 Line seven is where you should enter the amount of federal tax taken out of your paycheck.
Tip #9 Use the tax tables to determine the amount on line six. Then enter this number on line 10.
Tip #10 If line nine is larger than the number on line 10 then the difference between these two numbers will be your refund. This amount should be written on line 11a.
Tip #11 If line 10 is larger than the number on line number nine then this is the amount you owe the government in taxes.
Tip #12 Sign your return and date it.
Tip #13 Mail your 1040 EX, all of your W2 forms, and any payment if necessary to the US IRS by April 15, unless you filed an extension.
These are the basic steps you will need to follow in order to file your 1040 EZ online. As long as you take your time and pay attention it won’t be difficult for you at all.