Instructions For 1040ez - 2016 Page 12

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2016 Form 1040EZ—Line 2
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?
STOP
No.
None of your social security benefits are taxable.
Yes.
Multiply line 1 by 50% (0.50) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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, later) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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
No.
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
Tip income you didn't report to your employer. But you must
lose your Form W-2 or it is incorrect, ask your employer for a
use Form 1040 and Form 4137 if (a) you received tips of
new one.
$20 or more in any month and did not report the full amount
to your employer, or (b) your Form(s) W-2 shows allocated
tips that you must report as income. You must report the al-
2
Line 2, Taxable Interest
located tips shown on your Form(s) W-2 unless you can
prove that you received less. Allocated tips should be shown
If you received interest payments, you should receive a Form
on your Form(s) W-2 in box 8. They aren't included as in-
1099-INT or Form 1099-OID from each payer. Report all of your
come in box 1. See Pub. 531 for more details.
taxable interest income on line 2 even if you did not receive a
Scholarship and fellowship grants not reported on a Form
Form 1099-INT or 1099-OID. If you are filing a joint return, also
W-2. Also, enter “SCH” and the amount in the space to the
include any taxable interest received by your spouse.
left of line 1. However, if you were a degree candidate, in-
clude on line 1 only the amounts you used for expenses oth-
Include interest received on amounts deposited with banks,
er than tuition and course-related expenses. For example,
savings and loan associations, credit unions, or similar organiza-
amounts used for room, board, and travel must be reported
tions. If interest was credited in 2016 on deposits that you
on line 1. For more information on taxable scholarships and
couldn't withdraw because of the bankruptcy or insolvency of the
grants, see Pub. 970.
financial institution, you may be able to exclude part or all of that
interest from your 2016 income. But you must use Form 1040A
You must use Form 1040A or 1040 if you received de-
or 1040 to do so. See Pub. 550 for details.
pendent care benefits for 2016. You must use Form
!
1040 if you received employer-provided adoption ben-
For more information on interest received, see Tax
CAUTION
efits for 2016.
Topic 403 at IRS.gov/taxtopics.
TIP
Missing or incorrect Form W-2? Your employer is required to
You should also include taxable interest on bonds and other
provide or send Form W-2 to you no later than January 31, 2017.
securities. If you cashed U.S. series EE or I savings bonds in
If you do not receive it by early February, see Tax Topic 154 at
2016 that were issued after 1989 and you paid certain higher ed-
IRS.gov/taxtopics
to find out what to do. Even if you do not get a
ucation expenses during the year, you may be able to exclude
Form W-2, you still must report your earnings on line 1. If you
-12-
Instructions for Form 1040EZ

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