2023 IRS Form 1040 Walkthrough | Married Filing Jointly

Did you search how to fill out Form 1040 in 2024? In this video, we will cover a full 2023 IRS Form 1040 Walkthrough. This walkthrough is designed for married taxpayers and has the following assumptions: W2 income, one child (for the child tax credit), 1099-INT income, 1099-B income, standard deduction, no additional credits or deductions.
If you're looking for information about form 1040, be sure to watch this video! We'll provide a detailed walkthrough of the form 1040, including explanations of all the sections. Finally, we'll answer any questions you may have about the form 1040.
www.irs.gov/instructions/i1040gi
0:00 Filing Assumptions
1:01 W-2 Overview
2:17 Personal Information
4:17 Lines 1-15
8:12 Using the IRS Tax Table
8:54 Lines 16-33
13:20 Line 34-End
16:00 Additional Resources
#taxseason #tax101 #2024taxes
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DISCLOSURE: We are not financial advisers. The ideas presented in this video are for entertainment purposes only. Although the information is researched and vetted beforehand, it may not be up to date at the time of viewing. Please do your due diligence and research on the topic. You (and only you) are responsible for the financial decisions that you make.

[@APennyPinchersGuide]

www.irs.gov/instructions/i1040gi

[@ChristopherPiedra]

Thank you for taking the time to record such a detailed video. This helped me so much!

[@robertpalting7952]

Great presentations.. Question, If you withdraw from TSP, does it need to be included in the other income line as an income? Please advise. Thank you..

[@ketanpatel1511]

You are the Best .. Thank You ...👏👏👏👏👏

[@legallyharmless]

Hey.. Thank you so much. This video is really helpful.. Just wanted to know, If I have two W2 forms, one from a full time employer, and another from a part time employer, where I work few hours on weekend, How do we fill both of them here? Do I add both the amounts or do I need to fill the information of 2nd W2 form separately?

[@JosephMbidi]

I have questions about my paycheck. I do have two kids. Can i put both of them in my paycheck from Federal. ? And from state. Im going to put 0. Do you think IRS gonna give me a big Refunds, if i did like this

[@LandonSupertramp]

My wife an I are filing jointly. At what point do i add her w-2 information? Do i file a separate 1040? Or do I just include our income together?

[@APennyPinchersGuide]

It will all be combined together from both of your W-2s into a single 1040