2023 IRS Form 1040 Walkthrough | Single No Dependents

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A Penny Pinchers Guide to Personal Finance

Күн бұрын

Пікірлер: 30

@APennyPinchersGuide 11 ай бұрын

Find the 1040 General Instructions here 👉 www.irs.gov/instructions/i1040gi

@ChristianHada 7 ай бұрын

I'm only 3 minutes into this video and its already the most clearest and best video ive seen on this. Thank you for making it so straight forward and simple to understand!

@bryantakayama2154 8 ай бұрын

Very simple and easy instructional video. Thank you!

@bradsmith5013 8 ай бұрын

I'm no expert, but its seems for line 22 line 21=0 minus from line 18=4367, wouldn't it be 4367-0= 4367?

@cristinearias6613 4 ай бұрын

What if I jave two jobs 2 W2?

@noir66146 10 ай бұрын

oh wow. @ 15:18 I'm one of those simple people ! never done this before, quite a valuable resource. thanks ! (yes, they stole every penny. might as well be lighting it on fire with those boxes)

@MAJ150 10 ай бұрын

It’s easy

@allnoyz1414 8 ай бұрын

Line 7, capitol gains. Here it's just treated as ordinary income. Schedule D just has you add short and long term gains. I guess my question is, how are long term (specifically) capitol gains kept separate from ordinary income?

@john4kc 8 күн бұрын

I'm wondering why I can't find 1040 for 2023 today in Dec 2024? Please help if you can.

@spanishclasses4013 8 ай бұрын

Trying to learn. Thank you!

@colleenchanner4543 9 ай бұрын

Suppose I don’t get wages but cash payment what part should I fill out because I wouldn’t get a w2

@JanetteEstrada-Martinez 8 ай бұрын

If someone can claim a student as a dependent, can the student still file single with no dependents on some money they made for a summer job?

@JanetteEstrada-Martinez 8 ай бұрын

Can a student still file as single with no dependents on a summer job if parents can claim them as a dependent? Total earned is 5740.

@StarLight-sx4qf 8 ай бұрын

Thank you for sharing. The information you have provided has helped me out tremendously.❤❤❤

@NickeyNicole21 8 ай бұрын

If I have two W2 do I have to do two individual 1040? And when I mail the 1040 out do I have to attach my W2s ?

@IfeoluwaGrace-ol1nd 8 ай бұрын

you do not need to file two separate Form 1040s. Instead, you can include the information from both W-2 forms on a single Form 1040 when you file your tax return.

@NickeyNicole21 8 ай бұрын

@@IfeoluwaGrace-ol1nd thank you

@juanacevedo9415 10 ай бұрын

Done deal. Thank you very much for your very helpful video!

@agnimithra8610 11 ай бұрын

Is it possible to file the return without the software online?

@APennyPinchersGuide 11 ай бұрын

Yes, either through the Free Fillable Forms on the IRS website, or you can file through the mail using the instructions in the 1040-GI

@SharonStar62 9 ай бұрын

Is this the form that I use to claim myself as 1 also if I'm claiming 0 on my taxes

@GeeZane 8 ай бұрын

Thank you

@calypsopauly 8 ай бұрын

You're nice, I appreciate this very much.

@neesas5522 9 ай бұрын

Great information, thank you! If I only earned 12,000.00 last year my line 16 is negative. How do I reflect this? Employer still took out federal taxes, I believe I am owed those monies back, no? Thank you for any additional insight you can provide. It's about 65.00, this is why I want to prepare myself. Have a great day!

@Sermalla 9 ай бұрын

I'm 100% a beginner, but I think you mis-typed your question. Line 16 on the 1040 form is the standard amount of federal taxes you owe as a single person. It's impossible for this amount to be a negative number. The tax table goes from $0 - $17,394. Only if the amount you already paid (Federal Income Tax Withheld) is higher than the standard amount a citizen owes, then you're entitled to a refund. Well, good luck to all of us!

@neesas5522 9 ай бұрын

Yes, thanks so very much! I'm paying again, BUT, I'd rather pay now then ahead of time .....and then beg for some back. Taxes & Death, the only guarantees. I really appreciate your response. Have an amazing day!

@tacomonsternick 7 ай бұрын

I hate how line 15 is worded. For someone not paying much attention to the exact wording or doesn't understand the difference, it can sound like you are subtracting, in your example, 13,850 from 52,059 which if subtracted the wrong way gets you a negative number. However, if someone only made 20,000 in a year, and they were head of household, line 15 would be 800 if subtracted the wrong way.