Earned Income Tax Credit “EIC” is one of the most popular tax credits if you have children. So, what is earned income credit? Explanation of the EZ based on the version of the form. Note that the standard deductions have. Form. EZ. Department of the Treasury—Internal Revenue Service. Income Tax Return for Single and. Joint Filers With No Dependents (99). OMB No.


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Then they say if no one can claim 1040ez form 2013 or your spouse if a joint return, enter 10, as single, 20, if married filing jointly.

So I'm single so I'm gonna put 10, over here.

Find and Download Tax Year 2013 Federal Tax Forms

If line five is larger than line four, enter zero. This is your taxable income, so this is interesting. I have an update available on my computer, let me close that. So federal income tax withheld from form W-2s, so once again, this is something that you go to your W-2 that you got from your employer and the and it'll say 1040ez form 2013 much federal tax was withheld so you take the total amount that was withheld from the W-2s and s and you put it here.

Let's just say that's the amount of tax that you already paid, now earned income credit, so this starts to kick in if you make a fairly low income or if you have a lot of dependents and you still have a reasonably low income but for this individual, it's not going to kick in, we'll do future videos on that, so we'll leave that blank, nontaxable combat pay election, we'll assume that that doesn't apply, add lines seven and eight A, these are your total payments and credits so this is essentially how much have I paid in total in taxes so far, 6, and 50 1040ez form 2013.

Now I have to figure out how much should I have paid.

Filling out EZ (video) | Tax forms | Khan Academy

Use the amount on line six above, so this amount right over here, 30, and 50 cents to find your tax in the tax table in the instructions. And you say if line nine is larger than line 10, which is 1040ez form 2013 case, this is larger than that, this is your refund because I overpaid, this is the amount I should have paid but I paid all of this through my employee withholding and my bank withheld from the interest so I essentially overpaid so I put the difference down here so let me get my calculator out to calculate that difference so let's see, I have 6, and 50 cents minus 4, and so this is the amount that I overpaid, I overpaid by 2, And it's definitely not going to be an accurate account number but just to feel the satisfaction of filling in a fake tax form, I'll do a little bit of it, this probably isn't even, actually it's not gonna have two digit numbers in it so it's gonna have, so I'll just fill out the whole thing, it might not take up all of the space, one, two, zero, three, five.

You may also choose to file separately under 1040ez form 2013 status "Married Filing Separately".


Qualified Widow er Generally, you qualify for this status if your spouse died during the previous tax year not the current tax year and you and your spouse filed a joint tax return in the year immediately prior to their death. You are also required to have at least one dependent child or stepchild for whom you 1040ez form 2013 the primary provider.

Single If you are divorced, legally separated or 1040ez form 2013 as of the last day of the year you should use this status.

Head of Household This is the status for unmarried individuals that pay for more than half of the cost to keep up a home. This home needs to be the main home for the income tax filer and at least one 1040ez form 2013 relative.


You can also choose this status if you are married, but 1040ez form 2013 live with your spouse at anytime during the last six months of the year. You also need to provide more than half of the cost to keep up your home and have at least one dependent child living with you.

Married Filing Separately If you are married, you have the choice to file separate returns. The filing status for this option is "Married Filing Separately".

Dependent status A dependent is someone you support and for whom you can claim a dependency exemption. So, here are the earned income credit guidelines. To qualify you have to meet the following test. Of course, with all test there are exception to the rule.

Age Test — The child must be under age 19 at the end of and younger than the taxpayeror under age 24 at the end of and a full-time student during any part of any 5 months duringor any age if permanently and total disabled.