Instructions For Form 1040ez - Income Tax Return For Single And Joint Filers With No Dependents - 2017 Page 13
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452017 Form 1040EZ—Lines 3 through 6
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
paid to you in 2017. Report this amount on line 3. If you are filing
must use Form 8815 and Form 1040A or 1040 to do so.
a joint return, also report on line 3 any unemployment compen-
sation received by your spouse. If you made contributions to a
You must use Form 1040A or 1040 if you received taxable in-
governmental unemployment compensation program or a gov-
terest of more than $1,500. You also must use Form 1040A or
ernmental paid family leave program, reduce the amount you re-
1040 if any of the following apply.
port on line 3 by those contributions.
You received interest as a nominee (that is, in your name
If you received an overpayment of unemployment compensa-
but the interest income actually belongs to someone else).
tion in 2017 and you repaid any of it in 2017, subtract the amount
You received interest from a seller-financed mortgage and
you repaid from the total amount you received. Enter the result
the buyer used the property as a personal residence.
on line 3. However, if the result is zero or less, enter -0- on line 3.
You have accrued interest from a bond.
Also, enter “Repaid” and the amount you repaid in the space to
You are reporting original issue discount (OID) in an amount
the left of line 3. If, in 2017, you repaid unemployment compen-
less than the amount shown on Form 1099-OID.
sation that you included in gross income in an earlier year, you
You are reducing your interest income on a bond by the
can deduct the amount repaid; but you must use Form 1040 to
amount of amortizable bond premium.
do so. See Pub. 525 for details.
You are claiming the exclusion of interest from series EE or I
U.S. savings bonds issued after 1989.
Alaska Permanent Fund dividends. If you received Alaska
You had a financial interest in or signature authority over
Permanent Fund dividends, include them in the total on line 3. If
one or more foreign financial accounts (such as bank ac-
you are filing a joint return, also report on line 3 any Alaska Per-
counts) with a combined value over $10,000 at any time dur-
manent Fund dividends received by your spouse. You cannot
ing 2017.
use Form 1040EZ if you (or your spouse) received any other
kind of dividends.
Tax-Exempt Interest
If a child's interest and Alaska Permanent Fund dividends to-
If you received tax-exempt interest (including any tax-exempt
tal more than $2,100, he or she may be required to file Form
original issue discount (OID)), such as interest on municipal
8615 and Form 1040A or 1040 instead of Form 1040EZ. The
bonds, each payer should send you a Form 1099-INT or a Form
child's parent may, however, be able to include the child's in-
1099-OID. In general, your tax-exempt stated interest should be
come on the parent's return. If so, the child need not file a return,
shown in box 8 of Form 1099-INT or, for a tax-exempt OID bond,
but the parent must file Form 8814 and Form 1040. For more in-
in box 2 of Form 1099-OID and your tax-exempt OID should be
formation, see
Exception for certain children under age 19 or
shown in box 11 of Form 1099-OID. Enter “TEI” and the amount
full-time students
in Section 2, earlier, and Pub. 929.
in the space to the left of line 2. See Pub. 550 for more informa-
tion about OID. Do not include tax-exempt interest in the total on
line 2.
6
Line 6, Taxable Income
You must use Form 1040A or Form 1040 if any of the follow-
ing apply.
Your taxable income and filing status will determine the amount
You received tax-exempt interest as a nominee (that is, in
of tax you enter on line 10.
your name but the interest actually belongs to someone
Please take extra care when subtracting line 5 from
else).
line 4 as figuring taxable income incorrectly is one of
!
You have accrued tax-exempt interest from a bond.
the most common errors on Form 1040EZ.
You are reporting tax-exempt OID in an amount less than
CAUTION
the amount shown on Form 1099-OID.
If you received Forms SSA-1099 or RRB-1099 (showing
You are reducing your tax-exempt interest on a bond by the
amounts treated as social security) use the
Worksheet To See if
amount of amortizable bond premium.
Any of Your Social Security Benefits Are
Taxable, earlier in this
Section 3, to determine if you can file Form 1040EZ.
Line 3, Unemployment Compensation
3
and Alaska Permanent Fund Dividends
Unemployment compensation. You should receive a Form
1099-G showing in box 1 the total unemployment compensation
-13-
Instructions for Form 1040EZ
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