Instructions For Form 1040ez - Income Tax Return For Single And Joint Filers With No Dependents - 2004 Page 10


Who Can Use Form 1040EZ?
You did not receive any advance earned income credit pay-
You can use Form 1040EZ if all of the following apply.
You do not owe any household employment taxes on wages
Your filing status is single or married filing jointly (see page
you paid to a household employee. To find out who owes these
11). If you were a nonresident alien at any time in 2004, see Nonres-
taxes, use TeleTax topic 756 (see page 6).
ident aliens on page 11.
If you do not meet all of the requirements, you must use Form
You do not claim any dependents.
1040A or 1040. Use TeleTax topic 352 (see page 6) to find out
You do not claim any adjustments to income, use TeleTax
which form to use.
topics 451-458 (see page 6).
Even if you can use Form 1040EZ, it may benefit you to use
The only tax credit you can claim is the earned income credit,
Form 1040A or 1040 instead. For example, you can claim the head
use TeleTax topics 601-608 and 610 (see page 6).
of household filing status (which usually results in a lower tax than
You (and your spouse if filing a joint return) were under age
single) only on Form 1040A or 1040. Use TeleTax topic 353 (see
65 and not blind at the end of 2004. If you were born on January 1,
page 6). Also, you can itemize deductions only on Form 1040. It
1940, you are considered to be age 65 at the end of 2004 and cannot
would benefit you to itemize deductions if they total more than your
use Form 1040EZ.
standard deduction, which is $4,850 for most single people and
Your taxable income (line 6 of Form 1040EZ) is less than
$9,700 for most married people filing a joint return. Use TeleTax
topic 501 (see page 6). But if someone can claim you (or your
You had only wages, salaries, tips, taxable scholarship or fel-
spouse if married) as a dependent, your standard deduction is the
lowship grants, unemployment compensation, or Alaska Permanent
amount entered on line E of the worksheet on page 2 of Form
Fund dividends, and your taxable interest was not over $1,500.
Where To Report Certain Items From 2004 Forms W-2, 1098, and 1099
IRS e-file takes the guesswork out of preparing your return. You may also be eligible to use free online commercial tax preparation software to file
your federal income tax return. Visit for details.
If any federal income tax withheld is shown on these forms, include the tax withheld on Form 1040EZ, line 7.
Item and Box in Which it Should Appear
Where To Report on Form 1040EZ
Wages, tips, other compensation (box 1)
Line 1
Allocated tips (box 8)
See Tip income on page 12
Advance EIC payment (box 9)
Dependent care benefits (box 10)
Must file Form 1040A or 1040
Adoption benefits (box 12, code T)
Employer contributions to an Archer MSA
Must file Form 1040
(box 12, code R)
Employer contributions to a health savings account
Must file Form 1040 if required to file Form 8889 (see the instructions for
(box 12, code W)
Form 8889)
Gambling winnings (box 1)
Must file Form 1040
Student loan interest (box 1)
Must file Form 1040A or 1040 to deduct
Qualified tuition and related expenses (box 1)
Must file Form 1040A or 1040 to deduct or take a credit for the tuition and
related expenses
Canceled debt (box 2)
Must file Form 1040 if taxable (see the instructions on Form 1099-C)
Dividends and distributions
Must file Form 1040A or 1040
Unemployment compensation (box 1)
Line 3. But if you repaid any unemployment compensation in 2004, see the
instructions for line 3 on page 13
Interest income (box 1)
Line 2
Interest on U.S. savings bonds and Treasury obligations
See the instructions for line 2 on page 13
(box 3)
Early withdrawal penalty (box 2)
Must file Form 1040 to deduct
Foreign tax paid (box 6)
Must file Form 1040 to deduct or take a credit for the tax
Long-term care and accelerated death benefits
Must file Form 1040 if required to file Form 8853 (see the instructions for
Form 8853)
Miscellaneous income
Must file Form 1040
Original issue discount (box 1)
See the instructions on Form 1099-OID
Other periodic interest (box 2)
Early withdrawal penalty (box 3)
Must file Form 1040 to deduct
Qualified education program payments
Must file Form 1040
Distributions from Coverdell ESAs
Must file Form 1040
Distributions from pensions, annuities, IRAs, etc.
Must file Form 1040A or 1040
Distributions from HSAs and MSAs*
Must file Form 1040
*This includes distributions from Archer and Medicare Advantage MSAs.
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