Instructions For Form 1040ez - 2008 Page 11
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41Form 1040EZ— Lines 2 through 6
You must use Form 1040A or 1040 if either of the following
the result on line 3. Also, enter “Repaid” and the amount you
applies.
repaid in the space to the left of line 3. If, in 2008, you repaid
•
unemployment compensation that you included in gross in-
You received interest as a nominee (that is, in your name
come in an earlier year, you can deduct the amount repaid.
but the interest income actually belongs to someone
But you must use Form 1040 to do so. See Pub. 525 for details.
else).
•
You received a 2008 Form 1099-INT for U.S. savings bond
Alaska Permanent Fund dividends. Include the dividends
interest that includes amounts you reported before 2008.
in the total on line 3. But you cannot use Form 1040EZ for a
child who was age 18 or under or a full-time student under
Tax-Exempt Interest
age 24 at the end of 2008 if the child’s dividends are more
If you received tax-exempt interest, such as from municipal
than $1,800. Instead, you must file Form 8615 and Form 1040A
bonds, each payer should send you a Form 1099-INT. Your
or 1040 for the child. You also must use Form 8615 and Form
tax-exempt interest should be included in box 8 of Form
1040A or 1040 for the child if the child’s dividends and taxable
1099-INT. Enter “TEI” and the amount in the space to the left of
interest (line 2) total more than $1,800. A child born on Janu-
line 2. Do not add tax-exempt interest in the total on line 2.
ary 1, 1990, is considered to be age 19 at the end of 2008. A
child born on January 1, 1985, is considered to be age 24 at
the end of 2008. Do not use Form 8615 for such a child.
Line 3, Unemployment Compensation
3
and Alaska Permanent Fund Dividends
6
Line 6, Taxable Income
Unemployment compensation. You should receive a Form
1099-G showing in box 1 the total unemployment compensa-
tion paid to you in 2008. Report the amount in box 1 on line 3.
Your taxable income and filing status will determine the
However, if you made contributions to a governmental unem-
amount of tax you enter on line 11.
ployment compensation program, reduce the amount you re-
Figuring taxable income incorrectly is one of the most
port on line 3 by those contributions.
!
common errors on Form 1040EZ. So please take extra
If you received an overpayment of unemployment compensa-
care when subtracting line 5 from line 4.
tion in 2008 and you repaid any of it in 2008, subtract the
CAUTION
amount you repaid from the total amount you received. Enter
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 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?
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
STOP
1040.
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