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1040ez Tax Table Form: What You Should Know
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Instructions and Help about 1040ez Tax Table
Hey everyone welcome back since it's tax season I thought I would show you all how to prepare your own Texas today I want to go over how to file your taxes using form 1040ez this form is for single or married people with no children however if you made more than a hundred thousand dollars last year whether single or married you cannot use this form so let's get started in this example I will be preparing it's in forty easy for a married couple the information that I'm providing is completely false and not based on anyone's income it's for demonstration purposes only so to begin fill out your personal information at the top your name social and address be sure to include your spouse's information as well this form is very short and sweet but I would like to go over each line very quickly just in case someone out there has no idea whatsoever what any of this means so for line one this is for all of your wages that you made for the entire year no matter how many w-2s you have on your w-2 on line one it shows you the amount of income you received so go ahead and add you and your spouses don't you two together and put that on this line line two is taxable interests this is for those of you who received a 1099 int from your bank or investments if that's the case go ahead and put that amount on line two however if it's over 1500 then you cannot use this form and you need to use form 1040 if this does not apply to you skip it line three is for unemployment during any time of the year for you or your spouse you...