Instructions For Form 1040ez - Income Tax Return - Internal Revenue Service- 2006 Page 12
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36have $3 go to the fund. If you check a box, your tax or refund will
Social Security Benefits
not change.
You should receive a Form SSA-1099 or Form RRB-1099. These
forms will show the total social security and equivalent railroad
retirement benefits paid to you in 2006 and the amount of any
benefits you repaid in 2006. Use the worksheet below to see if any
Income
of your benefits are taxable. If they are, you must use Form 1040A
or 1040. For more details, see Pub. 915.
Rounding Off to Whole Dollars
You can round off cents to whole dollars on your return. If you do
Line 1
round to whole dollars, you must round all amounts. To round, drop
amounts under 50 cents and increase amounts from 50 to 99 cents to
Wages, Salaries, and Tips
the next dollar. For example, $1.39 becomes $1 and $2.50 becomes
$3.
Enter the total of your wages, salaries, and tips. If a joint return, also
include your spouse’s income. For most people, the amount to enter
on this line should be shown on their Form(s) W-2 in box 1. But the
If you have to add two or more amounts to figure the amount to
following types of income must also be included in the total on
enter on a line, include cents when adding the amounts and round
line 1.
off only the total.
•
Wages received as a household employee for which you did
not receive a Form W-2 because your employer paid you less than
You received two Forms W-2, one showing wages of
Example.
$1,500 in 2006. Also, enter “HSH” and the amount not reported on
$5,009.55 and one showing wages of $8,760.73. On Form 1040EZ,
a Form W-2 in the space to the left of line 1.
line 1, you would enter $13,770 ($5,009.55 + $8,760.73 =
•
Tip income you did not report to your employer. But you must
$13,770.28).
use Form 1040 and Form 4137 if: (a) you received tips of $20 or
more in any month and did not report the full amount to your
Refunds of State or Local Income Taxes
employer, or (b) your Form(s) W-2 show allocated tips that you
must report as income. You must report the allocated tips shown on
If you received a refund, credit, or offset of state or local income
your Form(s) W-2 unless you can prove that you received less.
taxes in 2006, you may receive a Form 1099-G.
Allocated tips should be shown on your Form(s) W-2 in box 8.
They are not included as income in box 1. See Pub. 531 for more
For the year the tax was paid to the state or other taxing author-
details.
ity, did you file Form 1040EZ or 1040A, or did you use TeleFile?
•
Scholarship and fellowship grants not reported on a Form
W-2. Also, enter “SCH” and the amount in the space to the left of
Yes. None of your refund is taxable.
line 1. However, if you were a degree candidate, include on line 1
No.
You may have to report part or all of the refund as
only the amounts you used for expenses other than tuition and
income on Form 1040 for 2006. For details, use
course-related expenses. For example, amounts used for room,
TeleTax topic 405 (see page 6).
board, and travel must be reported on line 1.
Worksheet To See if Any of Your Social Security Benefits Are Taxable
Keep for Your Records
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?
No.
None of your social security benefits are taxable.
STOP
Yes. Enter one-half of line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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 line 3 on page 13) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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?
No.
None of your social security benefits are taxable this year. You can use Form 1040EZ.
Do not list your benefits as income.
Yes.
Some of your benefits are taxable this year. You must use Form 1040A or 1040.
STOP
Need more information or forms? See page 5.
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