Form 1040 Ez - Instructions Booklet - Internal Revenue Service - 2009 Page 11
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40Form 1040EZ— Lines 2 through 6
For more information on interest received, use TeleTax
If you received an overpayment of unemployment compensa-
Topic 403 (see page 26).
tion in 2009 and you repaid any of it in 2009, reduce the
TIP
amount you would other wise be required to report on line 3
by the amount you repaid. Enter the result on line 3. However,
if the result is zero or less, enter -0- on line 3. Also, enter
If you cashed U.S. Series EE or I Savings Bonds in 2009 that
“Repaid” and the amount you repaid in the space to the left of
were issued after 1989 and you paid certain higher education
line 3. If, in 2009, you repaid unemployment compensation
expenses during the year, you may be able to exclude from
that you included in gross income in an earlier year, you can
income part or all of the interest on those bonds. But you must
deduct the amount repaid. But you must use Form 1040 to do
use Form 8815 and Form 1040A or 1040 to do so.
so. See Pub. 525 for details.
You must use Form 1040A or 1040 if any of the following
Alaska Permanent Fund dividends. Include the dividends
apply.
in the total on line 3. But you cannot use Form 1040EZ for a
•
You received interest as a nominee (that is, in your name
child who was age 18 or under or a full-time student under
but the interest income actually belongs to someone
age 24 at the end of 2009 if the child’s dividends are more
else).
than $1,900. Instead, you must file Form 8615 and Form 1040A
•
You received a 2009 Form 1099-INT for U.S. savings bond
or 1040 for the child. You also must use Form 8615 and Form
interest that includes amounts you reported before 2009.
1040A or 1040 for the child if the child’s dividends and taxable
•
interest (line 2) total more than $1,900. A child born on Janu-
You owned or had authority over one or more foreign
ary 1, 1991, is considered to be age 19 at the end of 2009. A
financial accounts (such as bank accounts) with a com-
child born on January 1, 1986, is considered to be age 24 at
bined value over $10,000 at any time during 2009.
the end of 2009. Do not use Form 8615 for such a child.
Tax-Exempt Interest
If you received tax-exempt interest, such as from municipal
bonds, each payer should send you a Form 1099-INT. Your
6
tax-exempt interest should be included in box 8 of Form
Line 6, Taxable Income
1099-INT. Enter “TEI” and the amount in the space to the left of
line 2. Do not add tax-exempt interest in the total on line 2.
Your taxable income and filing status will determine the
amount of tax you enter on line 11.
Figuring taxable income incorrectly is one of the most
Line 3, Unemployment Compensation
3
!
common errors on Form 1040EZ. So please take extra
and Alaska Permanent Fund Dividends
care when subtracting line 5 from line 4.
CAUTION
Unemployment compensation. You should receive a Form
If you received Forms SSA-1099 or RRB-1099 (treated as social
1099-G showing in box 1 the total unemployment compensa-
security) use the worksheet below to determine if you can file
tion paid to you in 2009. Report on line 3 the part, if any, you
Form 1040EZ.
received that is more than $2,400. If married filing jointly, also
report on line 3 any unemployment compensation received by
Worksheet To See if Any of Your Social
your spouse that is more than $2,400. If you made contribu-
tions to a governmental unemployment compensation pro-
Security Benefits Are Taxable
gram, reduce the amount you report on line 3 by those
Keep for Your Records
contributions.
Before you begin:
If you are filing a joint return, be sure to include any amounts your spouse received when entering amounts on
lines 1, 3, and 4 below.
1. Enter the amount from box 5 of all your Forms SSA-1099
and Forms RRB-1099 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.
2. Is the amount on line 1 more than zero?
None of your social security benefits are taxable.
No.
STOP
Enter one-half of line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Yes.
2.
3. Enter your total wages, salaries, tips, etc., from Form(s) W-2. Also, include any taxable unemployment
compensation and Alaska Permanent Fund dividends you received (see the instructions for Form
1040EZ, line 3 above) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3.
4. Enter your total interest income, including any tax-exempt interest . . . . . . . . . . . . . . . . . . . . . . . . . . .
4.
5. Add lines 2, 3, and 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5.
6. If you are:
}
•
Single, enter $25,000
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6.
•
Married filing jointly, enter $32,000
7. Is the amount on line 6 less than the amount on line 5?
None of your social security or railroad retirement benefits are taxable this year. You can use Form
No.
1040EZ. Do not list your benefits as income.
Some of your benefits are taxable this year. You must use Form 1040A or 1040.
Yes.
STOP
- 11 -
Instructions for Form 1040EZ
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