Get the free 1040ez 2017-2020 form

okay in this video were going to talk about how to fill out a 1040 EZ federal tax form now the reason were only focusing on a 1040 EZ its because of the fact that this is the most common form that you will ever fill out when doing your taxes now lets go and get started what youre going to need is a w-2 a 1040ez form as well as the tax table now Im going to provide all of that on the on this video here so if you have one of my worksheets or if you have something else that you can go along with and feel free lets go and get start all right step 1 use the W - now the w2 it looks like this this is the form that you get every year from your employer all right it tells you how much money you make how much money you have paid in taxes state federal all that its basically a snapshot or a progress report if you will of how much money youve made financially for your know for your for job for your job so the first thing I want to look at is how much money did you make so how much money you made was right here on the first line seventy-six thousand three hundred and fifty now going to my 1040 EZ thats what Im gonna put here seventy-six thousand and I just forgot exactly how much it was 350 so seventy-six thousand three hundred and fifty okay now for this particular example and the ones that were gonna do in this class lines two and three it talks about taxable interest meaning if you got money off of maybe a savings account or something or step or line three is unemployment just in you know if you didnt have a job but youre getting on unemployment check thats what you would fill in for two and three but were just gonna skip two and three all right now add lines one two and three so were at seventy six thousand three hundred and fifty okay now most of what you have to do is I mean it tells you on the line what exactly youre supposed to do but but yeah but anyway okay so if someone can claim used line five now we are going - always in this class just claim yourself okay and it says my filing jointly and all that stuff were just gonna hold off but it says enter the amount on the worksheet on back all right so here youre going to take your form go to the back and this is a small little equation with itself alright so Im out if any from line one well you remember thats how much money you made which was seventy six thousand three fifty so that will be put right here so seventy six thousand three fifty now what were gonna add is were going to add three hundred and fifty now thats a number that is predetermined by the federal government so just dont go crazy on figuring out where that came from alright now now were on line C enter the larger of a or B so A or B we have seventy six thousand seven hundred and we got 1050 obviously seventy-six thousand is larger I remember just follow along with the directions of your of each line it says maximum standard deduction if youre single which we will be for this entire unit were single were going to enter sixty three...