Instructions For Form 1040ez - Income Tax Return For Single And Joint Filers With No Dependents - 2017 Page 12

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2017 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 didn’t 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 alloca-
2
Line 2, Taxable Interest
ted tips shown on your Form(s) W-2 unless you can prove
that you received less. Allocated tips should be shown on
If you received interest payments or owned a debt instrument
your Form(s) W-2 in box 8. They aren't included as income
with original issue discount (OID), you should receive a Form
in box 1. See Pub. 531 for more details.
1099-INT or Form 1099-OID from each payer. Report all of your
Scholarship and fellowship grants not reported on a Form
taxable interest income on line 2 even if you didn’t receive a
W-2. Also, enter “SCH” and the amount in the space to the
Form 1099-INT or 1099-OID. If you are filing a joint return, also
left of line 1. However, if you were a degree candidate, in-
include any taxable interest received by your spouse.
clude on line 1 only the amounts you used for expenses oth-
er than tuition and course-related expenses. For example,
Include interest received on amounts deposited with banks,
amounts used for room, board, and travel must be reported
savings and loan associations, credit unions, or similar organiza-
on line 1. For more information on taxable scholarships and
tions. If interest was credited in 2017 on deposits that you
grants, see Pub. 970.
couldn't withdraw because of the bankruptcy or insolvency of the
financial institution, you may be able to exclude part or all of that
You must use Form 1040A or 1040 if you received de-
interest from your 2017 income. But you must use Form 1040A
pendent care benefits for 2017. You must use Form
!
or 1040 to do so. See Pub. 550 for details.
1040 if you received employer-provided adoption ben-
CAUTION
efits for 2017.
For more information on interest received, see Tax
Topic 403 at IRS.gov/TaxTopics.
TIP
Missing or incorrect Form W-2? Your employer is required to
provide or send Form W-2 to you no later than January 31, 2018.
You should also include taxable interest on bonds and other
If you don’t receive it by early February, see Tax Topic 154 at
securities. If you cashed U.S. series EE or I savings bonds in
IRS.gov/TaxTopics
to find out what to do. Even if you don’t get a
2017 that were issued after 1989 and you paid certain higher ed-
Form W-2, you still must report your earnings on line 1. If you
ucation expenses during the year, you may be able to exclude
-12-
Instructions for Form 1040EZ

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