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How to fill out Form 1040 (single taxpayer)

  Рет қаралды 103,323

Tax Teach

Tax Teach

Күн бұрын

Пікірлер: 176
@brokenbylana
@brokenbylana Жыл бұрын
I used this video for homework help. My heart was pacing so fast because I for sure thought I was going to get the problem wrong but I got it correct! You took a complicated process for most of us and simplified it. Thanks!
@themaudelife
@themaudelife 2 жыл бұрын
Thank you. This was extremely helpful for me to help my teens do their taxes this year. Short, sweet, and to the point!
@haulolo6816
@haulolo6816 3 жыл бұрын
Thank you! My son did his first taxes this year following this video. He was a happy 18 yr old who doesn’t owe the IRS unlike us 😂
@amarchhabra2175
@amarchhabra2175 3 жыл бұрын
Signed in just to give you a thumbs up. This was an excellent video - clear, concise, and very very very easy to understand!
@TaxTeach
@TaxTeach 3 жыл бұрын
Glad you enjoyed the video! Appreciate the support!
@harryfeng4199
@harryfeng4199 3 жыл бұрын
I cannot express my appreciation, thank you!!!!
@MrT6bill
@MrT6bill 3 жыл бұрын
Yes, please! More complicated 1040 videos! Especially EITC!
@rudyluna6245
@rudyluna6245 3 жыл бұрын
Thanks for providing this - your explanation was very clear and easy to understand
@callieduval3000
@callieduval3000 3 жыл бұрын
THANK YOU so much easy to follow since they took the EZ forms away these others are a headache. You helped me immensely
@sammysd2011
@sammysd2011 3 жыл бұрын
Omg thank you! I'm single with nothing to claim. Very simple taxes but this form confused me.
@chuckchuckles8281
@chuckchuckles8281 3 жыл бұрын
Thank you so much! Didn't make sense till I watched this
@aryannakiser2055
@aryannakiser2055 Жыл бұрын
This saved me today!!!! This was the exact break down I needed thank youuu for making this
@dontundra2259
@dontundra2259 3 жыл бұрын
Thanks Sean! This was super helpful. If you could do a more complicated 1040, that would be awesome! Cheers!
@ChrisPhamBH
@ChrisPhamBH 3 жыл бұрын
thank you for making this video. it helps me refresh.
@kennethfluker3777
@kennethfluker3777 3 жыл бұрын
You are a life saver man🙏🏾🙏🏾🙏🏾🙏🏾
@velmawadley2491
@velmawadley2491 3 жыл бұрын
Exactly what I was looking for thank yoi
@jasminlebaron603
@jasminlebaron603 3 жыл бұрын
Thank you for making the video so simple
@samfigiel4410
@samfigiel4410 3 жыл бұрын
So so so helpful! Thank you!
@HandmanT
@HandmanT 3 жыл бұрын
Just what I need it !, Thanks.
@mordfustang1933
@mordfustang1933 2 жыл бұрын
This was very helpful. Such a confusing process for newbies
@justbncece
@justbncece 3 жыл бұрын
Quick question though: Where can we find that “line 16 (see options)” chart?
@Maxim_Goncharenko
@Maxim_Goncharenko 2 жыл бұрын
Thank you for the video! Please tell me, If I have already paid taxes when I submitted the form to extend the tax return, will I receive a refund + overpayment for the tax paid earlier? Or will I need to submit a separate return request? What is the correct way to reflect this in the 1040 form?
@earleen8206
@earleen8206 Жыл бұрын
If I am filing a 2021 w2 then would I use a 2022 edition tax software
@fernandogamboa1929
@fernandogamboa1929 3 жыл бұрын
Bro you are the best.
@tutsecret499
@tutsecret499 2 жыл бұрын
When you say you upload the data from W2 in this form, how did do it. Or you had to buy disk software which is not worth it for me if I have to software like in old days.
@kidanegebremariam3497
@kidanegebremariam3497 11 ай бұрын
Generaly this video was very good, because you have provided a litle bit detail on how to fillout the tax form whcih is good. thank you for the information.
@encouragesolutions2595
@encouragesolutions2595 Жыл бұрын
For a tax year where the employee starts mid way through the year does the $12400 get pro rata by days or months worked?
@badmatt4227
@badmatt4227 3 жыл бұрын
There are a large percentage of home owners. My taxes and interest are less then the standard deduction or am I doing this wrong?
@johannawallweber8180
@johannawallweber8180 2 жыл бұрын
If you live in Washington state won money at casino in Idaho do you have to add it to your Washington state if so what line does it go on wages tips or other income?
@user-hw1mk9wg2h
@user-hw1mk9wg2h 3 ай бұрын
Ay brother i need your help im trying to file for the last stimulus check.but i did not work on 2021 or 2020.what do i have to fill out.do i just put 0,0,0 and on what part do i write the amount of the stimulus check
@HeavenlyRainPath
@HeavenlyRainPath 2 жыл бұрын
Thank you so much. That was very helpful. 😊🎆
@shalukumar7584
@shalukumar7584 3 жыл бұрын
Hi I have a quari CPA can sign on 1120s and 1040 on behalf of Applicant ?
@alfredoreza6074
@alfredoreza6074 3 жыл бұрын
where would you send this file if you want to e-file? I already have this filled out but where can send it online? If I mail it, where can I find this?
@kemari1991
@kemari1991 3 жыл бұрын
I have a question. For the new tax break for those on unemployment of [10200] where would that be placed on the form ?
@joeaguirre3069
@joeaguirre3069 3 жыл бұрын
Awesome video. Really helped tremendously. Question: What is line 15 is a negative number? What goes in line 16?
@Ana-dn6ot
@Ana-dn6ot 3 жыл бұрын
Thank you so much!! How do you file your taxes when you are a single home owner or do your Illinois taxes? Thanks.
@suekelly3875
@suekelly3875 3 жыл бұрын
I moved from Kentucky to Michigan late September. I know I have complete part time resident forms for each state but do I need to complete a 1040 form also? I am 77 and have only social security and retirement as income. I appreciate your response as this is my first time trying to do my own taxes.
@randallel5299
@randallel5299 2 жыл бұрын
Great post!
@thebusinessofbecomingme5794
@thebusinessofbecomingme5794 2 жыл бұрын
Thank you for the video. It was very helpful.
@Andy-yl9mx
@Andy-yl9mx 2 жыл бұрын
I'm trying to figure out how to view my 2019 earned income, I read online that you can see it on your 1040 form. So I went ahead and ordered that on the IRS website. Will I have to fill out this blank form to send in so I can view my earned income? or is there another way I can view it.
@carlevans5402
@carlevans5402 3 жыл бұрын
How do I find the tax table for 2020 ?
@kindree5414
@kindree5414 2 ай бұрын
Hi, I am filling out a CSU application for college and it is asking me to input my Parents' adjusted gross income (AGI) for 2022 and my Parents' untaxed income and benefits for 2022. I know the AGI can be found on line 11 of the 1040 form on the 2022 Individual Tax Return, but I want to confirm where I can find the amount for the untaxed income and benefits? Is it line 2a where it says “Tax-exempt interest” or is it line 2b where it says “Taxable interest”? Line 2a is blank, but line 2b has an amount. Which one would I put? Thank you!
@justbncece
@justbncece 3 жыл бұрын
Very helpful! Thanks🙏
@marrun7708
@marrun7708 3 жыл бұрын
Very Helpful... Thank you!!
@ciel4437
@ciel4437 2 жыл бұрын
hi, this is great! what is the entry for contributions to retirement plan? are they tax deductible?
@aslihankuden6378
@aslihankuden6378 Жыл бұрын
Hello, I am trying to understand something but I couldnt figure out it. who fill out the W2, means withholding tax, means already paid the taxes at source. The employees who paid their taxes with W2, also fill out the form 1040?
@lottiekenney636
@lottiekenney636 3 жыл бұрын
Do you prepare State 500 forms/ga? Line by line.
@Godschild31695
@Godschild31695 3 жыл бұрын
Thank you for the video! It's funny how they don't teach this at school...
@campbellmcmaken9880
@campbellmcmaken9880 2 жыл бұрын
Ridgefield High School, WA does!
@Kevin-ri5wf
@Kevin-ri5wf 2 жыл бұрын
They teach this now, but my teacher doesnt do crap. Man just sits there and reads the slides then expects the whole class to learn the rest.
@MattKoplowitz
@MattKoplowitz 2 жыл бұрын
would interest from a mortgage also qualify as taxable interest?
@coronadaking
@coronadaking 3 жыл бұрын
Very helpful; thanks for sharing.
@ridingwithnate
@ridingwithnate 2 жыл бұрын
Great video. I'm currently in tax school now to become a tax preparer. I wish you were my instructor
@crickettak6819
@crickettak6819 Жыл бұрын
Hey you can outsource accounting work to us, at lower cost
@richylam48
@richylam48 2 жыл бұрын
It is very good I followed your instructions I can fill out my tax 1040 thank you so much
@TaxTeach
@TaxTeach 2 жыл бұрын
Glad you found the video helpful!
@Kakki82
@Kakki82 3 жыл бұрын
I didn't work 2020..do I choose standard deduction?
@analoja08
@analoja08 2 жыл бұрын
Is it possible that you can make a video of how to fill a schedule c for people who work doing Lyft and Uber thanks you !!
@nogalevy6171
@nogalevy6171 3 жыл бұрын
I im trying to learn. Is it a form that every american citizen needs to fill? I have a client that is a non american resident but got this to fill. He has a house rented in florida. Thats it. Do the wage that he earns is not from the us,so do i need to fill the wage or not? Sm i only filling the rent part? What is relevant to that?
@victordelrosario8078
@victordelrosario8078 2 жыл бұрын
Thank you. Question pls. For a zero-filer, one who is not gainfully employed and derives income from (example) buying n selling items on free classified sections just to get by. One who makes approx $12k / year or $1000. .mo, no records of income, single. What would I place on the income portion of 1040? Should I put down 0 (zero) n on tax withheld section also? Or should I put down $12k which is an estimate accompanied by a letter to attest the fact n 0 on the tax withheld portion. ? This is intended to benefit those who have not received their stimulus checks from the start and are being g required to file for 2020 tax returns. Must the federal tax returns be accompanied by state tax returns mandatorily? Much appreciated.
@tom2j494
@tom2j494 3 жыл бұрын
What about idendity protection pin number?
@adriennetabakow8588
@adriennetabakow8588 3 жыл бұрын
Thank you, very good explanation
@Holbrooks1984
@Holbrooks1984 3 жыл бұрын
Can you please teach me how to file the tax for my state sc
@riazmemon2554
@riazmemon2554 Жыл бұрын
Great! Thanks a lot.
@pilarchavesta8746
@pilarchavesta8746 3 жыл бұрын
Can I do the form 1040 fill out 0.00. I didn't work 2020. I need the stimulus. THANKS
@nickserraon7840
@nickserraon7840 3 жыл бұрын
Hi shawn, thanks for this informative basic video for 1040 single filers. Would it be possible if you create a sample video including the unemployment compensation? Thank you for the excellent video tutorial.
@ashishkumar-ys5it
@ashishkumar-ys5it 3 жыл бұрын
Very nice. Thank you🙏
@thetruth7214
@thetruth7214 2 жыл бұрын
Hello Tax Teach can you tell me what software are you using thanks 🙏
@strategicservices9906
@strategicservices9906 2 жыл бұрын
Can you do a more complicated 1040 - independent contractor, depreciation of home, self- employment tax, schedule c schedule e, form 4562 . My CPA just died and it looks like I'll be doing it myself. Some people say to get Turbo tax. Should I do that??
@tootall4330
@tootall4330 4 ай бұрын
Outstanding!
@TaxTeach
@TaxTeach 4 ай бұрын
Glad you like it!
@commentcreeruneboutiqueShopify
@commentcreeruneboutiqueShopify 2 жыл бұрын
Thanks for the video man
@m_mami_m8776
@m_mami_m8776 3 жыл бұрын
Hello I’m Japanese and I came back to japan in March 2020. But I had income from January to March in 2020. Like for 3 months. I paid last year but forgot how to pay. How can I pay tax from Japan?? I can still send the form from here?? I’m single and the amount is $234.
@yvette1874
@yvette1874 Жыл бұрын
THANK YOU SO MUCH!
@itkapatanka
@itkapatanka 3 жыл бұрын
How do you sign online?
@tutsecret499
@tutsecret499 2 жыл бұрын
My W2 has cents. Should I skip the cents? example: $2,350.25 =2,350. or 2,350.50=2,350. or 2,350.60 and so forth=2,350 or I have to round up? like this 2,350.25= 2,351. ?
@aitzazhassanawan8623
@aitzazhassanawan8623 3 жыл бұрын
Can we use EIN instead of ITIN
@alicehernandez6195
@alicehernandez6195 3 жыл бұрын
what will be the ocupation?
@Kamikundu
@Kamikundu 2 жыл бұрын
What is expected refund amount $1?
@tessc541
@tessc541 3 жыл бұрын
what about a single person filing but can also be claimed as a dependent by his caregiver?
@harryfeng4199
@harryfeng4199 3 жыл бұрын
What if line 15 is negative?????
@relax_detox_sounds4082
@relax_detox_sounds4082 3 жыл бұрын
I want to fill out a 0 tax return I just leave all of them blank ?
@lesacollington9077
@lesacollington9077 3 жыл бұрын
Thank you Thank you ❤
@gagesutphin3225
@gagesutphin3225 11 ай бұрын
Thank you !
@DanPalaganas
@DanPalaganas 3 жыл бұрын
Hello! I've migrated here in the USA last December 2019 and did not receive the 2 stimulus check. I've watch other video and they said that if you did not receive stimulus check you should put it on 1040 form. GREAT VIDEO BTW really helps me out!
@TaxTeach
@TaxTeach 3 жыл бұрын
Hi Dan, glad to hear that the video was helpful! As for the stimulus checks, if you believe you qualify to receive those checks then yes you should put that information on your Form 1040. You would put this information on line 30 of your Form 1040. In the 2020 Form 1040 instructions: www.irs.gov/pub/irs-pdf/i1040gi.pdf page 57 goes over the Recovery Rebate Credit as well as page 59. If you qualify you will receive a tax credit which will reduce the taxes you owe by the stimulus amounts you qualify for. Hope that is helpful!
@DanPalaganas
@DanPalaganas 3 жыл бұрын
@@TaxTeach Yeah, I think I qualify because I already have a job when they gave the first stimulus check. Thank you so much!
@alims8576
@alims8576 3 жыл бұрын
Could you do a video how to file up tax if you're a rideshare driver thanks
@jimmyallen1369
@jimmyallen1369 2 жыл бұрын
thank you if i ever see you in a bar you got a beer coming...
@andrewcarby6606
@andrewcarby6606 Жыл бұрын
Very helpful
@senecaevans6156
@senecaevans6156 2 жыл бұрын
Thanks! Very helpful 👌
@TaxTeach
@TaxTeach 2 жыл бұрын
Glad you found the video helpful!
@darleneperry5408
@darleneperry5408 3 жыл бұрын
This was great! Can you do a 1040 with a schedule C for a LLC?
@seansims2007
@seansims2007 2 жыл бұрын
Thanks, helpful 😃😀
@creolepie
@creolepie 3 жыл бұрын
Thank you so much ur Awesome
@ibelfonseca5360
@ibelfonseca5360 2 жыл бұрын
Can you make a video for every form like for example CTC and all the Schedules?
@goggleman7211
@goggleman7211 Жыл бұрын
you can charge people for this?
@black-catmusic3619
@black-catmusic3619 2 жыл бұрын
Line 25 federal income tax withheld. If you are working abroad and tax is withheld where you reside (abroad) do you still claim it as federal tax from a foreign gov? (not the USA).
@TaxTeach
@TaxTeach 2 жыл бұрын
No you would not, you would generally file a Form 1116 to report foreign taxes and possibly get a foreign tax credit which would show up on line 31 of your 1040 (through Schedule 3)
@jedclampett6466
@jedclampett6466 2 жыл бұрын
Thank you
@ResseeC
@ResseeC 2 жыл бұрын
I'm trying to find the 1040 for year 2020. It doesn't seem to exist. I've searched the IRS website as well. How do I find the form for 2020?
@TaxTeach
@TaxTeach 2 жыл бұрын
Hello, the 2020 Form 1040 link is here: www.irs.gov/pub/irs-prior/f1040--2020.pdf
@releasereceive6652
@releasereceive6652 3 жыл бұрын
What about line 30,to retrieve Stimulus money
@CorrinaWalkden5
@CorrinaWalkden5 2 жыл бұрын
late to the game for my son filing his 2020 taxes, the link above links to the 2021 tax table. Can you provide the tax table link for 2020.
@TaxTeach
@TaxTeach 2 жыл бұрын
www.irs.gov/pub/irs-prior/i1040gi--2020.pdf
@ideanpourshams8515
@ideanpourshams8515 3 жыл бұрын
Thanks for the help! Can you explain the Social Security and medicare withholdings? Are those included in the total Federal tax withheld, or are they separate? When we calculate what we already had withheld from the W2, do we add up the Federal, Social Security and Medicare taxes? Thanks so much...
@t.b.francis3731
@t.b.francis3731 2 жыл бұрын
great refreshing tutorial! any video on filing a Form1040 w/ an Economic Impact Payment (EIP) or rebate credit? thx
@glenntuneschannel
@glenntuneschannel 3 жыл бұрын
Hi, Your videos are extremely informative. Is there a way to contact you for advice beside leaving a comment here?
@susannakailing1713
@susannakailing1713 3 жыл бұрын
Very helpful, thank you! One question, how do you know your taxable interest? Is that from your bank statements?
@adolfoserna6302
@adolfoserna6302 3 жыл бұрын
If you made money from interest is what it means so savings account and such
@muhammaddfaheem4566
@muhammaddfaheem4566 2 жыл бұрын
bank gives you 1099 INT form .
@720glenda
@720glenda 3 жыл бұрын
can you add the savers credit to the simple 1040 and also the unemployment 10200 for 2020 tax season. PLEASE!!!!!!!!!!!!
@SD-rg5mj
@SD-rg5mj Жыл бұрын
Hello I am a tax resident I opened an LLC to do wholesale in the United States, buy from American wholesalers And resell in the territory, I inquired with the IRS as I would like to learn how to pay myself with my single member LLC, could we talk about this again and that What am I going to do is correct? Thank you for your videos Cyril
@mary3394
@mary3394 3 жыл бұрын
Thank you for your help! These videos are appreciated.
@epicuc9501
@epicuc9501 3 жыл бұрын
I'm sorry I had to stop by and confess your charming beauty.lol Omg! Do have a great day; glow. Bye!
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