1040 Ez Instructions 2015 Page 12

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2015 Form 1040EZ—Lines 3 through 8
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.
You are reducing your interest income on a bond by the
amount of amortizable bond premium.
6
Line 6, Taxable Income
You are claiming the exclusion of interest from series EE or I
U.S. savings bonds issued after 1989.
You owned or had authority over one or more foreign finan-
Your taxable income and filing status will determine the amount
cial accounts (such as bank accounts) with a combined val-
of tax you enter on line 10.
ue over $10,000 at any time during 2015.
Figuring taxable income incorrectly is one of the most
Tax-Exempt Interest
common errors on Form 1040EZ. So please take ex-
!
tra care when subtracting line 5 from line 4.
If you received tax-exempt interest, such as interest on munici-
CAUTION
pal bonds, each payer should send you a Form 1099-INT. Your
tax-exempt interest should be shown in box 8 of Form 1099-INT.
If you received Forms SSA-1099 or RRB-1099 (showing
Enter “TEI” and the amount in the space to the left of line 2. Do
amounts treated as social security) use the
Worksheet To See if
not include tax-exempt interest in the total on line 2.
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
Payments, Credits, and Tax (Lines 7–11)
3
and Alaska Permanent Fund Dividends
Unemployment compensation. You should receive a Form
7
Line 7, Federal Income Tax Withheld
1099-G showing in box 1 the total unemployment compensation
paid to you in 2015. Report this amount on line 3. If you are filing
Enter the total amount of federal income tax withheld. This
a joint return, also report on line 3 any unemployment compen-
should be shown on your 2015 Form(s) W-2 in box 2.
sation received by your spouse. If you made contributions to a
governmental unemployment compensation program or a gov-
If you received 2015 Form(s) 1099-INT, 1099-G, or 1099-OID
ernmental paid family leave program, reduce the amount you re-
showing federal income tax withheld, include the tax withheld in
port on line 3 by those contributions.
the total on line 7. This should be shown in box 4 of these forms.
If you received an overpayment of unemployment compensa-
Lines 8a and 8b, Earned Income Credit
tion in 2015 and you repaid any of it in 2015, subtract the amount
8
(EIC)
you repaid from the total amount you received. Enter the result
on line 3. However, if the result is zero or less, enter -0- on line 3.
What Is the EIC?
Also, enter “Repaid” and the amount you repaid in the space to
the left of line 3. If, in 2015, you repaid unemployment compen-
The EIC is a credit for certain people who work. The credit may
sation that you included in gross income in an earlier year, you
give you a refund even if you do not owe any tax or did not have
can deduct the amount repaid; but you must use Form 1040 to
any tax withheld.
do so. See Pub. 525 for details.
Note.
If you have a qualifying child (defined in Step 1, later),
Alaska Permanent Fund dividends. If you received Alaska
you may be able to take the credit, but you must use Sched-
Permanent Fund dividends, include them in the total on line 3. If
ule EIC and Form 1040A or 1040 to do so. For details, see Pub.
you are filing a joint return, also report on line 3 any Alaska Per-
596.
manent Fund dividends received by your spouse. You cannot
To Take the EIC:
use Form 1040EZ if you (or your spouse) received any other
kind of dividends.
Follow Steps 1 through 3 next.
Complete the
Earned Income Credit (EIC)
If a child's interest and Alaska Permanent Fund dividends to-
Worksheet—Lines 8a and
8b, later, or let the IRS figure the
tal more than $2,100, he or she may be required to file Form
credit for you.
8615 and Form 1040A or 1040 instead of Form 1040EZ. The
For help in determining if you are eligible for the EIC,
child's parent may, however, be able to include the child's in-
go to
and use the “EITC Assistant.”
come on the parent's return. If so, the child need not file a return,
TIP
This service is available in English and Spanish.
but the parent must file Form 8814 and Form 1040. For more in-
formation, see
Exception for certain children under age 19 or
full-time students
in Section 2, earlier, and Pub. 929.
-12-
Instructions for Form 1040EZ

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