Instructions For 1040ez - 2016 Page 13
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462016 Form 1040EZ—Lines 3 through 7
7
7
Federal income tax withheld from Form(s) W-2 and 1099.
7
Payments,
8
8a
Earned income credit (EIC) (see instructions)
8a
Credits,
b Nontaxable combat pay election
8b
and Tax
9
9
9
Add lines 7 and 8a. These are your total payments and credits.
10
Tax. Use the amount on line 6 above to nd your tax in the tax table in the
10
instructions. Then, enter the tax from the table on this line.
10
11
11
Health care: individual responsibility (see instructions)
Full-year coverage
11
12
12
12
Add lines 10 and 11. This is your total tax.
from income part or all of the interest on those bonds. But you
Also, enter “Repaid” and the amount you repaid in the space to
must use Form 8815 and Form 1040A or 1040 to do so.
the left of line 3. If, in 2016, you repaid unemployment compen-
sation that you included in gross income in an earlier year, you
You must use Form 1040A or 1040 if you received taxable in-
can deduct the amount repaid; but you must use Form 1040 to
terest of more than $1,500. You also must use Form 1040A or
do so. See Pub. 525 for details.
1040 if any of the following apply.
You received interest as a nominee (that is, in your name
Alaska Permanent Fund dividends. If you received Alaska
but the interest income actually belongs to someone else).
Permanent Fund dividends, include them in the total on line 3. If
You received interest from a seller-financed mortgage and
you are filing a joint return, also report on line 3 any Alaska Per-
the buyer used the property as a personal residence.
manent Fund dividends received by your spouse. You cannot
You have accrued interest from a bond.
use Form 1040EZ if you (or your spouse) received any other
You are reporting original issue discount (OID) in an amount
kind of dividends.
less than the amount shown on Form 1099-OID.
If a child's interest and Alaska Permanent Fund dividends to-
You are reducing your interest income on a bond by the
tal more than $2,100, he or she may be required to file Form
amount of amortizable bond premium.
8615 and Form 1040A or 1040 instead of Form 1040EZ. The
You are claiming the exclusion of interest from series EE or I
child's parent may, however, be able to include the child's in-
U.S. savings bonds issued after 1989.
come on the parent's return. If so, the child need not file a return,
You owned or had authority over one or more foreign finan-
but the parent must file Form 8814 and Form 1040. For more in-
cial accounts (such as bank accounts) with a combined val-
formation, see
Exception for certain children under age 19 or
ue over $10,000 at any time during 2016.
full-time students
in Section 2, earlier, and Pub. 929.
Tax-Exempt Interest
If you received tax-exempt interest, such as interest on munici-
6
Line 6, Taxable Income
pal bonds, each payer should send you a Form 1099-INT. Your
tax-exempt interest should be shown in box 8 of Form 1099-INT.
Enter “TEI” and the amount in the space to the left of line 2. How-
Your taxable income and filing status will determine the amount
ever, if you acquired a tax-exempt bond at a premium, only re-
of tax you enter on line 10.
port the net amount of tax-exempt interest in the space to the left
Please take extra care when subtracting line 5 from
of line 2. For example, if there is an amount in box 13 of Form
line 4 as figuring taxable income incorrectly is one of
!
1099-INT, subtract the amount in box 13 from the amount in
the most common errors on Form 1040EZ.
box 8 to determine the net amount of tax-exempt interest. See
CAUTION
Pub. 550 for more details. Do not include tax-exempt interest in
If you received Forms SSA-1099 or RRB-1099 (showing
the total on line 2.
amounts treated as social security) use the
Worksheet To See if
Any of Your Social Security Benefits Are
Taxable, earlier in this
Line 3, Unemployment Compensation
Section 3, to determine if you can file Form 1040EZ.
3
and Alaska Permanent Fund Dividends
Payments, Credits, and Tax (Lines 7–12)
Unemployment compensation. You should receive a Form
1099-G showing in box 1 the total unemployment compensation
7
Line 7, Federal Income Tax Withheld
paid to you in 2016. Report this amount on line 3. If you are filing
a joint return, also report on line 3 any unemployment compen-
Enter the total amount of federal income tax withheld. This
sation received by your spouse. If you made contributions to a
should be shown on your 2016 Form(s) W-2 in box 2.
governmental unemployment compensation program or a gov-
ernmental paid family leave program, reduce the amount you re-
If you received 2016 Form(s) 1099-INT, 1099-G, or 1099-OID
port on line 3 by those contributions.
showing federal income tax withheld, include the tax withheld in
If you received an overpayment of unemployment compensa-
the total on line 7. This amount should be shown in box 4 of
tion in 2016 and you repaid any of it in 2016, subtract the amount
these forms.
you repaid from the total amount you received. Enter the result
on line 3. However, if the result is zero or less, enter -0- on line 3.
-13-
Instructions for Form 1040EZ
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