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Each of you will complete a EZ tax form using information from a W-2 form. The EZ is used in most cases because student s 1 wages are low, 2 don't itemize deductions, 3 usually do not have dependents, and 4 may or may not be claimed as a dependent on their parent's tax return. A W-2 statement is a statement of earnings over the past taxable year Jan 1 through Dec This is a form filed with the federal government detailing how much money they paid you last year and how much money was deducted for federal income tax withholding.
You are required to file your taxes with the IRS to determine if you are entitled to a refund or if you have to pay additional money for income tax. You put the W-2 in you Personal Finance Shoebox.
Your bank sent you a detailing information about interest received from your checking account. You are filling as a single person and you are claimed as a dependent on your parent's tax form. Follow us on Facebook! You will use this fillable EZ form Make sure you complete "Worksheet for Line 5 - Dependents who checked one or both boxes" to figure out your dependents - EZ Instruction Workbook - Lots of Info, but it real starts on Page 9 - if you have any questions about a particular section - look it up!
About Form 1040-EZ, Income Tax Return for Single and Joint Filers With No Dependents
U.S. 1040EZ Tax Form Calculator
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