Instructions For Form 1040ez - 2008 Page 10

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Form 1040EZ— Lines 1 and 2
Income (Lines 1– 6)
1
Wages, salaries, and tips. This should be shown in box 1 of your Form(s) W-2.
1
Income
Attach your Form(s) W-2.
1
Attach
2
Form(s) W-2
2
Taxable interest. If the total is over $1,500, you cannot use Form 1040EZ.
2
here.
3
Enclose, but
3
Unemployment compensation and Alaska Permanent Fund dividends (see page 11).
3
do not
attach, any
4
Add lines 1, 2, and 3. This is your adjusted gross income.
4
payment.
5
If someone can claim you (or your spouse if a joint return) as a dependent, check
the applicable box(es) below and enter the amount from the worksheet on back.
You
Spouse
If no one can claim you (or your spouse if a joint return), enter $8,950 if single;
5
$17,900 if married filing jointly. See back for explanation.
6
Subtract line 5 from line 4. If line 5 is larger than line 4, enter -0-.
6
This is your taxable income.
6
Tip income you did not report to your employer. But you
Round Off to Whole Dollars
must use Form 1040 and Form 4137 if: (a) you received
You can round off cents to whole dollars on your return. If you
tips of $20 or more in any month and did not report the
do round to whole dollars, you must round all amounts. To
full amount to your employer, or (b) your Form(s) W-2
round, drop amounts under 50 cents and increase amounts
show allocated tips that you must report as income. You
from 50 to 99 cents to the next dollar. For example, $1.39
must report the allocated tips shown on your Form(s) W-2
becomes $1 and $2.50 becomes $3.
unless you can prove that you received less. Allocated tips
If you have to add two or more amounts to figure the amount
should be shown on your Form(s) W-2 in box 8. They are
to enter on a line, include cents when adding the amounts and
not included as income in box 1. See Pub. 531 for more
round off only the total.
details.
You received two Forms W-2, one showing wages
Example.
Scholarship and fellowship grants not reported on a Form
of $5,009.55 and one showing wages of $8,760.73. On
W-2. Also, enter “SCH” and the amount in the space to the
Form 1040EZ, line 1, you would enter $13,770 ($5,009.55 +
left of line 1. However, if you were a degree candidate,
$8,760.73 = $13,770.28).
include on line 1 only the amounts you used for expenses
other than tuition and course-related expenses. For exam-
ple, amounts used for room, board, and travel must be
Refunds of State or Local Income Taxes
reported on line 1.
If you received a refund, credit, or offset of state or local
You must use Form 1040A or 1040 if you received
income taxes in 2008, you may receive a Form 1099-G.
!
dependent care benefits for 2008. You must use Form
For the year the tax was paid to the state or other taxing
1040 if you received employer-provided adoption bene-
CAUTION
authority, did you file Form 1040EZ or 1040A?
fits for 2008.
Missing or Incorrect Form W-2? Your employer is required
Yes. None of your refund is taxable.
to provide or send Form W-2 to you no later than February 2,
No. You may have to report part or all of the refund as
2009. If you do not receive it by early February, use TeleTax
income on Form 1040 for 2008.
topic 154 (see page 27) to find out what to do. Even if you do
not get a Form W-2, you still must report your earnings on line
1. If you lose your Form W-2 or it is incorrect, ask your em-
Social Security Benefits
ployer for a new one.
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 2008 and the amount of any
benefits you repaid in 2008. Use the worksheet on page 11 to
2
see if any of your benefits are taxable. If they are, you must use
Line 2, Taxable Interest
Form 1040A or 1040. For more details, see Pub. 915.
Each payer should send you a Form 1099-INT or Form
1099-OID. Report all of your taxable interest income on line 2
even if you did not receive a Form 1099-INT or 1099-OID.
1
Line 1, Wages , Salaries, and Tips
Include taxable interest from banks, savings and loan associa-
tions, credit unions, savings bonds, etc. If interest was credited
in 2008 on deposits that you could not withdraw because of
Enter the total of your wages, salaries, and tips. If a joint return,
the bankruptcy or insolvency of the financial institution, you
also include your spouse’s income. For most people, the
may be able to exclude part or all of that interest from your
amount to enter on this line should be shown on their Form(s)
2008 income. But you must use Form 1040A or 1040 to do so.
W-2 in box 1. But the following types of income also must be
See Pub. 550 for details.
included in the total on line 1.
Wages received as a household employee for which you
If you cashed series EE or I U.S. savings bonds in 2008 that
did not receive a Form W-2 because your employer paid
were issued after 1989 and you paid certain higher education
you less than $1,600 in 2008. Also, enter “HSH” and the
expenses during the year, you may be able to exclude from
amount not reported on a Form W-2 in the space to the
income part or all of the interest on those bonds. But you must
left of line 1.
use Form 8815 and Form 1040A or 1040 to do so.
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