2022 IRS Form 1040 Walkthrough | Single No Dependents

[@APennyPinchersGuide]

Don't miss our update for this year! kzbin.info/www/bejne/nqWToGOpnpaHl8U

[@shangfanggao6880]

thank you dude! Your step-by-step explanation is SO clear

[@APennyPinchersGuide]

See if you qualify for the IRS Free File Program kzbin.info/www/bejne/mJDKYXWJd7OImdE

[@AngelLopez-wm9pc]

This was very helpful! Thanks for sharing! A quick question to the expert: what should I write on line 16 if my line 15 on the 1040 fom was $112,010 during 2022?

[@AnnCatsanndra]

Thanks for this! Made me realize that even with my LLC, my situation is extremely simple so I should be able to get my federal and state knocked out in under an hour each. If you've got a donate link or something, I'll kick some of the money I'm saving by not using H&R Block your way instead.

[@APennyPinchersGuide]

Thank you very much for your kind words! And please don’t feel like you need to give us anything, but if you feel obliged we take “super thanks” which you can get to under any of our videos

[@zakaryaali8722]

Very useful

[@marnimajor64]

This was helpful! Thank you!!!!!

[@boredpanda1671]

Hi, thank you very much for explaining everything in details. If I'm a student, and I have loan, which part or how do I fill out student loan deduction or does this not apply to this particular tax return?

[@rgg7260]

well man, had to watch it and follow along to enter my own figures... downloaded 1040 from fed site,and 1040 instructions for good measure...only line that concerned me was line #16, its not revelant to the computation ,is it just to compare previous year tax for feds ? i can see how you subtracted 4568 from 5028 to get 460 but it looks odd to me...in anycase, thanks for saving me time and money!

[@rahulbasu1681]

Very well explained, thank you. Is there a way that the money I spend for health insurance premium and state taxes, get deducted from my taxable income?

[@sfnb5]

Great Vid Thanks for taking the time to make it

[@APennyPinchersGuide]

And thanks for watching!

[@AnnCatsanndra]

Thanks! 😻

[@garrettturner8200]

What would you put under total amount from forms W-2, box 1 if you are a sole proprietor without a W2? I have the schedule C form already.

[@DamianoOkaie]

Hi 1040 file, the amount of income provided might not favorable to file with .

[@AshleyGonsalez-d1o]

Hello, quick question. When I subtracted lines 14 from 11 which is 52,782.33-12,950=39,832.33 instead of the 39,778.33. I am just wondering how did you get that number?

[@koriseitz2629]

I don’t understand how to fill this form out being self employed. All the online sites are requiring me to fill a box labeled W2 income. Obviously I don’t have that.

[@tanyamccomas1110]

Where do I list taxes paid on mortgage

[@josephmorris2352]

THANK YOU!

[@APennyPinchersGuide]

You're welcome!

[@jimmyallen1369]

what about line 15

[@mannyms6678]

Why does your title say single and independent but the video cover says married and filing jointly?

[@APennyPinchersGuide]

Thank you so much for pointing that out! I had uploaded the wrong thumbnail

[@satyaranjan1947]

Hi- I am a Employee of Software industry and I am doing online tax filing. my question is, Can i claim my mac book purchase during filing my tax so that I can get good return ? if yes where and how can i do ?

[@APennyPinchersGuide]

Are you a W2 employee or a 1099 contractor? As a W2 employee you can deduct work expenses only if you meet certain requirements www.irs.gov/newsroom/heres-who-qualifies-for-the-employee-business-expense-deduction As a contractor you can deduct your expenses on your Schedule C

[@leeslyrose]

Hello! I have a question; I’m efiling on the IRS website and my info is hella simple just w2 forms that need to be submitted with no dividends or extra stuff! I made $28,685 and taxable income was $15,735 on line 15. Do I have to use the tax table for line 16?😿

[@APennyPinchersGuide]

Yes, unless your taxable income is zero you’ll have to use the formulas/tables in the general instruction

[@galato4234]

Hi. I always file taxes with husband and my son. But now, my son worked during summer ($3,300) and I want to know if we can file together? Thank you.

[@APennyPinchersGuide]

You can certainly file taxes for your son, but he will need a 1040 in his own name to report the income. Depending on his age and other factors, you can still claim him as a dependent and he would need to report that he is being claimed as a dependent

[@galato4234]

@@APennyPinchersGuide Thank you for your response. My son is 20 years old and full time student and earned $3,300 during 2022. Does he need to file a Single Tax Return? we lived in NH. Thank you.

[@APennyPinchersGuide]

I’m not familiar with tax laws for NH, but for a federal return he would file as single and mark that he was claimed as a dependent on someone else’s return

[@lgarcia258]

Hi -- My house is paid off for several years now. However, in 2022 I replaced my AC unit at $18,000 cost. Can I deduct that amount in my Tax income as a home repair expense? THANK YOU in advance.

[@APennyPinchersGuide]

Generally, no you cannot write off renovations or repairs to your house. There is a energy efficiency credit which you may qualify for www.irs.gov/credits-deductions/frequently-asked-questions-about-energy-efficient-home-improvements-and-residential-clean-energy-property-credits

[@lgarcia258]

@@APennyPinchersGuide Thanks.

[@terriemesser9414]

what about home owners insurance and health care?

[@APennyPinchersGuide]

Home owners insurance can only be written off as a tax deduction if you use a portion of your home to run a business. Health care can be deducted for expenses over 7.5% of your adjusted gross income

[@terriemesser9414]

@@APennyPinchersGuide thank you, one more question if you don't mind, what about the social security and medicaid tax withhead. I usually use the HR Block website but their prices go up every year so I thought I would try the IRS website.

[@APennyPinchersGuide]

@@terriemesser9414 what about those taxes?

[@terriemesser9414]

@@APennyPinchersGuide I can't find where I am suppose to put those on the IRS form

[@klove5765]

You better do it yourself, H&R and Jackson Hewett will rip you off, they want a percent of the refund, crooks