The next section is where you report your income. On Line 2 you should report taxable interest you earned. On Line 3, report any unemployment benefits or Alaska Permanent Fund dividend payment you received.
If so, check the applicable box es and enter the amount from the worksheet on the back of Form EZ. On Line 6, subtract Line 5 from Line 4.
If line 5 is larger than line 4, enter 0. The number you enter on Line 6 is your taxable income. The next section of the form is called Payments, Credits and Tax. On Line 7, write the federal income tax withheld from Form s W-2 and Line 8a is where you put the amount you are eligible to claim in the Earned Income Tax Credit. The IRS has a chart that helps you figure this out.
Line 8b is for the nontaxable combat pay election, applicable to military filers only. The IRS recommends that you compute the credit with and without your nontaxable combat pay before deciding whether to include it on your tax form. On Line 9, add lines 7 and 8a. These are your total payments and credits. They also have forms for prior tax years. Download your state's tax forms and instructions for free.
You may need a copy or a transcript of a prior year's tax return. Learn how to get each one. Mail the following items to get an exact copy of a prior year tax return and attachments:.
Send them to the address listed in the form's instructions. The IRS will process your request within 75 calendar days. A transcript is a computer printout of your return information. Sometimes a transcript is an acceptable substitute for an exact copy of your tax return. You may need a transcript when preparing your taxes. They are often used to verify income and tax filing status when applying for loans and government benefits.
Contact the IRS to get a free transcript. There are two ways you can get your transcript:. Need More Tax Time? File a Tax Extension. What is Form V? Claiming the Foreign Tax Credit with Form What is the IRS Form ? Estimate your tax refund and where you stand Get started. See if you qualify for a third stimulus check and how much you can expect Get started. Easily calculate your tax rate to make smart financial decisions Get started.
Estimate your self-employment tax and eliminate any surprises Get started. Know what dependents credits and deductions you can claim Get started. Know what tax documents you'll need upfront Get started. Learn what education credits and deductions you qualify for and claim them on your tax return Get started.
The above article is intended to provide generalized financial information designed to educate a broad segment of the public; it does not give personalized tax, investment, legal, or other business and professional advice. Skip To Main Content. What is Form EZ?
What is IRS Form ? Form EZ vs. Form Before it was discontinued, Form EZ allowed you to claim a handful of credits and deductions on your tax return. Form resembles Form EZ by allowing you to claim income from: Wages Tips Salaries Taxable grants or scholarships Unemployment compensation Form has many more income categories for items such as Social Security benefits and alimony, along with the ability to claim more deductions.
Sections of Form EZ While this form is no longer in use, the below information is accurate for each section in tax years prior to Calculating refunds and amounts due If your total tax payments and credits exceeded the calculated tax on your income, then you were entitled to a refund for overpayment. Signing your return A tax return is not valid without signatures.
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