Whether you are new to filing tax returns or you are not sure how to file for a certain financial situation, you are reading this to get some help. This page will give you each IRS instruction for 1040 filing step by step. These directions only cover the Form 1040, which suits most individual taxpayers. If these instructions do not help, it may be in your best interest to hire a reputable tax professional to assist you.
IRS Instruction for 1040 Section 1Make sure that all names, Social Security numbers, and contact information is correct. The IRS instruction for 1040 filing statuses is as follows:
- Single: You were unmarried by the end of the year and have no dependents.
- Married Filing Jointly: You were married at the end of the year and your spouse will sign.
- Married Filing Separately: Your spouse will be filing a separate tax return.
- Head of Household: You were unmarried by the end of the year and have dependent(s).
- Qualifying Widow(er): Your spouse died that tax year and you have dependent(s).
The IRS instruction for 1040 exemptions is that you can deduct $3,650 on line 42 for each exemption you take. Check box 6a, if no one else can claim you on their return. Check box 6b if you have a spouse who is either filing jointly with you or is not filing a return. Write down the number of checked boxes in the corresponding space. Write down the full names, Social Security numbers, and relationships of all dependents you are claiming in 6c. If the child is under 17 years of age, check his or her box in part 4 of 6c. Write down the number of dependents in the corresponding spaces. Add all of your exemptions in the outlined fifth space.
IRS Instruction for 1040 Section 2Write down the appropriate amounts from your income documents in the corresponding lines. If certain income does not apply to you, then leave that line blank. Add all of your income in Line 22.
IRS Instruction for 1040 Section 3Fill out the lines that apply to you and leave the rest blank. Subtract Line 36 from 22 to get your Adjusted Gross Income. You will need to fill out a Schedule A, if you decide to itemize your deductions. Otherwise, you choose your standard deduction and write that number in line 40. Add Lines 38 to 54 to get your total tax.
If you are self-employed, you must attach a completed Schedule SE and write down the total tax in Line 56. Any payments made to the IRS throughout the tax year are written in Lines 62 to 71. Add these up on Line 72 This includes tax withheld from your paychecks, estimated payments, and earned income credit.
The IRS instruction for the 1040 refund section is that your payments must be more than your tax. If Line 72 is greater than Line 61, you have a refund coming to you. Write down the difference on Line 73.
The third party designee section only needs to be filled out if you are granting someone other than yourself the ability to discuss your taxes with the IRS. A PIN is used to sign an e-filed return, which you can get on the IRS website. The section after your signature is filled out by a tax preparer, if you have hired one.
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