The next section of the form is called Payments, Credits and Tax. 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. Also be aware that when using the EZ, you cannot claim dependents, itemize deductions or take any adjustments to income. In addition, there are limitations on the types of tax credits you can take. Of course you can always prepare a EZ form by hand and mail it to the IRS to avoid paying fees, but there are two free e-filing options you may want to consider as well.
The IRS Free File Program delivered by TurboTax offers taxpayers who meet certain income requirements the opportunity to prepare and e-file their returns online for free. Just visit TurboTax.
The IRS also allows you to prepare your tax return manually using fillable tax forms. Although you will have to calculate your taxes yourself, the IRS allows you to e-file the forms at no charge—but you must create an online account with the IRS in order to do so.
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. Feel confident doing your own taxes.
Just answer simple questions about your life, and TurboTax Free Edition will take care of the rest. For Simple Tax Returns Only. 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. Feel confident doing your own taxes. Just answer simple questions about your life, and TurboTax Free Edition will take care of the rest. For Simple Tax Returns Only. Need More Tax Time? File a Tax Extension. What is Form V? Claiming the Foreign Tax Credit with Form What is the IRS Form ?
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