How To Fill Out Income Tax Returns with 1040A

Federal tax forms are used to record your income and calculated taxes for the federal government.  The most commonly used tax forms is the form 1040 series. This includes 1040EZ, 1040A and 1040. The 1040A is the short version of 1040. Tax payers can only file this form if their income is below $100,000 and if they earn through salaries, wages, pensions and tips. Always remember to fill in all the important details of the form. The 1040A consist of two pages so be sure not to miss the second page.

Here are some tips on how to fill out Income Tax Returns with 1040A.

First page

  • Fill in the personal information section. Your full name, address, city and ZIP codes are located in this area. Also write down your social security number and your partner’s SSN and name (if you have a spouse). In case you want to donate to the PEC (Presidential Election Campaign), then check the box. If not then ignore it.
  • Choose your status in filling your tax. There are 5 statuses overall in tax filing. Single for unmarried or legally single (for divorcees). Head of household for unmarried persons with a dependent child. For couples, you can either file your taxes jointly or separately. Lastly, qualifying widow/widower with child. You must pick the right status because it will impact the computation of the whole tax return.
  • Write your income in the tax form. Look at your W-2 form to determine your income from work or other sources. Write your salaries, tips, wages and other income that you receive throughout the year. After doing so, write down interest and tax exempt including dividends, IRA distributions and capital gains. If you’re finished, compute for your total income.
  • Fill in your exemptions. If you have a partner, check the appropriate box. Then, write down the full name of your dependents, together with your social security number. Also check the box if the dependent is eligible for child tax credit. Total the exemptions afterwards.
  • Fill up gross income. In this section, you will write IRA deductions, student loan, educator expenses and fees (tuition) after filing Form 8917, which are deductions. Then compute your adjusted gross income.

Second Page of the form:

  • Compute for your total payments. You will need your computed gross income, payments and tax credits. Enter all of this information on line 22 of the form. On the left side of the form, you can locate your standard deduction. If you see it, write it on line 24. Follow the instructions to get your taxable income. Write it on line 27 of the form. For line 28 to 32, write down numbers you have. Line 33 is only accessible for child tax credit. If you are eligible, look at your Form 8901 for the amount. Line 40a is Earned Income Credit qualifications. The EIC form is responsible for this. The computed 1099 and W-2 forms tax is to be written on line 38. Follow the instructions to know your total payments.
  • Write down your debt in federal tax. For single filers, write your name, telephone number, occupation and the current date. If you are married you two will both sign.
  • Fill up the Refund Section. You will see here if you have a debt or will get a refund. If you have a refund, just follow the directions on filing for this.



Share this article!

Follow us!

Find more helpful articles: