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Irs Tax Form 1040ez

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Irs Tax Form 1040ez

Irs tax form 1040ez Index Symbols 529 program (see Qualified tuition program (QTP)) A Academic period American opportunity credit, Academic period. Irs tax form 1040ez Lifetime learning credit, Academic period. Irs tax form 1040ez Student loan interest deduction, Academic period. Irs tax form 1040ez Tuition and fees deduction, Academic period. Irs tax form 1040ez Accountable plans, Accountable Plans, Allocating your reimbursements for meals. Irs tax form 1040ez Additional tax Coverdell ESA On excess contributions, Additional Tax on Excess Contributions, Figuring and reporting the additional tax. Irs tax form 1040ez On taxable distributions, Additional Tax on Taxable Distributions IRA distributions, education exception, Education Exception to Additional Tax on Early IRA Distributions Qualified tuition program (QTP), on taxable distributions, Additional Tax on Taxable Distributions Adjusted qualified education expenses (see Qualified education expenses) American opportunity credit Adjustments to qualified education expenses, Adjustments to Qualified Education Expenses Claiming dependent's expenses, Who Can Claim a Dependent's Expenses, Tuition reduction. Irs tax form 1040ez Tuition reduction, Tuition reduction. Irs tax form 1040ez Claiming the credit, Can You Claim the Credit, Who Cannot Claim the Credit, Claiming the Credit Qualifying to claim (Figure 2-1), Coordination with Coverdell ESA distributions, Figuring the Taxable Portion of a Distribution Coordination with qualified tuition program (QTP) distributions, Coordination With American Opportunity and Lifetime Learning Credits Eligible educational institution, Eligible educational institution. Irs tax form 1040ez Eligible student, Who Is an Eligible Student Requirements (Figure 2-2), Expenses qualifying for, What Expenses Qualify, Adjustments to Qualified Education Expenses Figuring the credit, Figuring the Credit Income level, effect on amount of credit, Effect of the Amount of Your Income on the Amount of Your Credit, Phaseout. Irs tax form 1040ez Income limits, Effect of the Amount of Your Income on the Amount of Your Credit, Phaseout. Irs tax form 1040ez Modified adjusted gross income (MAGI), Modified adjusted gross income (MAGI). Irs tax form 1040ez Worksheet 2-1, Claiming the Credit Overview of American opportunity credit (Table 2-1), Introduction Phaseout, Phaseout. Irs tax form 1040ez Qualified education expenses, Qualified Education Expenses Tax benefit of, What is the tax benefit of the American opportunity credit. Irs tax form 1040ez Armed Forces Health Professions Scholarship and Financial Assistance Program, Exceptions. Irs tax form 1040ez Assistance (see Tax help) Athletic scholarships, Athletic Scholarships B Bar review course, Bar or CPA Review Course Bonds, education savings (see Education savings bond program) Business deduction for work-related education, Business Deduction for Work-Related Education, Illustrated Example Accountable plans, Accountable Plans, Allocating your reimbursements for meals. Irs tax form 1040ez Adjustments to qualifying work-related education expenses, Adjustments to Qualifying Work-Related Education Expenses Allocating meal reimbursements, Allocating your reimbursements for meals. Irs tax form 1040ez Deductible education expenses, What Expenses Can Be Deducted, Adjustments to Qualifying Work-Related Education Expenses Deducting business expenses, Deducting Business Expenses, Impairment-Related Work Expenses Double benefit not allowed, No Double Benefit Allowed Education required by employer or by law, Education Required by Employer or by Law Education to maintain or improve skills, Education To Maintain or Improve Skills Education to meet minimum requirements, Education To Meet Minimum Requirements, Certification in a new state. Irs tax form 1040ez Education to qualify for new trade or business, Education That Qualifies You for a New Trade or Business, Teaching and Related Duties Excess expenses, accountable plan, Excess expenses. Irs tax form 1040ez , Allocating your reimbursements for meals. Irs tax form 1040ez Indefinite absence, Education during indefinite absence. Irs tax form 1040ez Maintaining skills vs. Irs tax form 1040ez qualifying for new job, Maintaining skills vs. Irs tax form 1040ez qualifying for new job. Irs tax form 1040ez Nonaccountable plans, Nonaccountable Plans Nondeductible expenses, Nondeductible expenses. Irs tax form 1040ez Qualified education expenses, What Expenses Can Be Deducted, Adjustments to Qualifying Work-Related Education Expenses Recordkeeping requirements, Recordkeeping, Examples of records to keep. Irs tax form 1040ez Reimbursements, treatment of, How To Treat Reimbursements, Reimbursements for nondeductible expenses. Irs tax form 1040ez Tax benefit of, What is the tax benefit of taking a business deduction for work-related education. Irs tax form 1040ez Tax-free educational assistance, Tax-free educational assistance. Irs tax form 1040ez Teachers, Requirements for Teachers, Teaching and Related Duties Temporary absence to acquire education, Education during temporary absence. Irs tax form 1040ez Transportation expenses, Transportation Expenses, Using your car. Irs tax form 1040ez Travel expenses, Travel Expenses C Cancellation of student loan (see Student loan cancellation) Candidate for a degree Scholarships and fellowships, Candidate for a degree. Irs tax form 1040ez Change of designated beneficiary Coverdell ESA, Changing the Designated Beneficiary Qualified tuition program, Changing the Designated Beneficiary Collapsed loans, Interest on refinanced student loans. Irs tax form 1040ez Comprehensive or bundled fees American opportunity credit, Comprehensive or bundled fees. Irs tax form 1040ez Lifetime learning credit, Comprehensive or bundled fees. Irs tax form 1040ez Tuition and fees deduction, Comprehensive or bundled fees. Irs tax form 1040ez Consolidated loans used to refinance student loans, Interest on refinanced student loans. Irs tax form 1040ez Conventions outside U. Irs tax form 1040ez S. Irs tax form 1040ez , Cruises and conventions. Irs tax form 1040ez Coverdell education savings account (ESA), Coverdell Education Savings Account (ESA), Figuring the Taxable Portion of a Distribution, Coordination With American Opportunity and Lifetime Learning Credits, Worksheet 7-3. Irs tax form 1040ez Coverdell ESA—Taxable Distributions and Basis Additional tax On excess contributions, Additional Tax on Excess Contributions, Figuring and reporting the additional tax. Irs tax form 1040ez On taxable distributions, Additional Tax on Taxable Distributions Assets to be distributed at age 30 or death of beneficiary, When Assets Must Be Distributed Contribution limits, Contribution Limits, Figuring the limit. Irs tax form 1040ez Figuring the limit (Worksheet 6-2), Figuring the limit. Irs tax form 1040ez Contributions to, Contributions, Figuring and reporting the additional tax. Irs tax form 1040ez Table 7-2, Contributions Coordination with American opportunity and lifetime learning credits, Coordination With American Opportunity and Lifetime Learning Credits Coordination with qualified tuition program (QTP), Coordination With Qualified Tuition Program (QTP) Distributions Defined, What Is a Coverdell ESA Distributions, Distributions, How To Figure the Taxable Earnings Overview (Table 7-3), Distributions Divorce, transfer due to, Transfer Because of Divorce Eligible educational institution, Eligible Educational Institution Figuring taxable portion of distribution, Figuring the Taxable Portion of a Distribution Worksheet 7-3, Worksheet 7-3. Irs tax form 1040ez Coverdell ESA—Taxable Distributions and Basis Figuring the taxable earnings in required distribution, How To Figure the Taxable Earnings Losses, Losses on Coverdell ESA Investments Modified adjusted gross income (MAGI), Modified adjusted gross income (MAGI). Irs tax form 1040ez , MAGI when using Form 1040NR-EZ. Irs tax form 1040ez Worksheet 6-1, Worksheet 7-1. Irs tax form 1040ez MAGI for a Coverdell ESA Overview (Table 6-1), Coverdell Education Savings Account (ESA) Qualified education expenses, Qualified Education Expenses, Qualified Elementary and Secondary Education Expenses Rollovers, Rollovers Tax benefit of, What is the tax benefit of the Coverdell ESA. Irs tax form 1040ez Tax-free distributions, Tax-Free Distributions Taxable distributions, Taxable Distributions, Figuring the additional tax. Irs tax form 1040ez Worksheet 7-3 to figure, Worksheet 7-3. Irs tax form 1040ez Coverdell ESA—Taxable Distributions and Basis Transfers, Rollovers CPA review course, Bar or CPA Review Course Credits American opportunity (see American opportunity credit) Lifetime learning (see Lifetime learning credit) Cruises, educational, Cruises and conventions. Irs tax form 1040ez D Deductions (see Business deduction for work-related education) Designated beneficiary Coverdell ESA, What Is a Coverdell ESA, Changing the Designated Beneficiary Qualified tuition program (QTP), Designated beneficiary. Irs tax form 1040ez , Changing the Designated Beneficiary Disabilities, persons with Impairment-related work expenses, Impairment-Related Work Expenses Distributions (see specific benefit ) Divorce Coverdell ESA transfer due to, Transfer Because of Divorce Expenses paid under decree American opportunity credit, Expenses paid by dependent. Irs tax form 1040ez Lifetime learning credit, Expenses paid by dependent. Irs tax form 1040ez Tuition and fees deduction, Expenses paid under divorce decree. Irs tax form 1040ez Double benefit not allowed American opportunity credit, No Double Benefit Allowed Lifetime learning credit, No Double Benefit Allowed Student loan interest deduction, No Double Benefit Allowed Tuition and fees deduction, No Double Benefit Allowed Work-related education, No Double Benefit Allowed E Early distributions from IRAs, Education Exception to Additional Tax on Early IRA Distributions, Reporting Early Distributions Eligible educational institution, Eligible educational institution. Irs tax form 1040ez Figuring amount not subject to 10% tax, Figuring the Amount Not Subject to the 10% Tax Qualified education expenses, Qualified education expenses. Irs tax form 1040ez Reporting, Reporting Early Distributions Education IRA (see Coverdell education savings account (ESA)) Education loans (see Student loan interest deduction) Education savings account (see Coverdell education savings account (ESA)) Education savings bond program Cashing in bonds tax free, Who Can Cash In Bonds Tax Free, MAGI when using Form 1040. Irs tax form 1040ez Claiming dependent's exemption, Dependent for whom you claim an exemption. Irs tax form 1040ez Claiming exclusion, Claiming the Exclusion Eligible educational institution, Eligible educational institution. Irs tax form 1040ez Figuring tax-free amount, Figuring the Tax-Free Amount Income level, effect on amount of exclusion, Effect of the Amount of Your Income on the Amount of Your Exclusion Modified adjusted gross income (MAGI), Modified adjusted gross income (MAGI). Irs tax form 1040ez , MAGI when using Form 1040. Irs tax form 1040ez Phaseout, Effect of the Amount of Your Income on the Amount of Your Exclusion Qualified education expenses, Qualified education expenses. Irs tax form 1040ez Educational assistance, employer-provided (see Employer-provided educational assistance) Eligible educational institution American opportunity credit, Eligible educational institution. Irs tax form 1040ez Cancellation of student loan, Eligible educational institution. Irs tax form 1040ez Coverdell ESA, Eligible Educational Institution Early distributions from IRAs, Eligible educational institution. Irs tax form 1040ez Education savings bond program, Eligible educational institution. Irs tax form 1040ez Lifetime learning credit, Eligible educational institution. Irs tax form 1040ez Qualified tuition program (QTP), Eligible educational institution. Irs tax form 1040ez Qualified tuition reduction, Qualified Tuition Reduction Scholarships and fellowships, Eligible educational institution. Irs tax form 1040ez , Eligible educational institution. Irs tax form 1040ez Student loan cancellation, Eligible educational institution. Irs tax form 1040ez Student loan interest deduction, Eligible educational institution. Irs tax form 1040ez Tuition and fees deduction, Eligible educational institution. Irs tax form 1040ez Eligible elementary or secondary school Coverdell ESA, Eligible elementary or secondary school. Irs tax form 1040ez Eligible student American opportunity credit, Who Is an Eligible Student Lifetime learning credit, Who Is an Eligible Student Student loan interest deduction, Eligible student. Irs tax form 1040ez Tuition and fees deduction, Who Is an Eligible Student Employees Deducting work-related education expenses, Employees Employer-provided educational assistance, Employer-Provided Educational Assistance, Working condition fringe benefit. Irs tax form 1040ez ESAs (see Coverdell education savings account (ESA)) Estimated tax, Reminders Excess contributions Coverdell ESA, Additional Tax on Excess Contributions, Figuring and reporting the additional tax. Irs tax form 1040ez Excess expenses, accountable plan, Excess expenses. Irs tax form 1040ez , Allocating your reimbursements for meals. Irs tax form 1040ez Expenses (see specific benefit ) F Family members, beneficiary Coverdell ESA, Members of the beneficiary's family. Irs tax form 1040ez Qualified tuition program (QTP), Members of the beneficiary's family. Irs tax form 1040ez Fee-basis officials, work-related education deduction, Performing Artists and Fee-Basis Officials Fellowships (see Scholarships and fellowships) Figures (see Tables and figures) Financial aid (see Scholarships and fellowships) Form 1098-E Student loan interest deduction, Loan origination fee. Irs tax form 1040ez , Form 1098-E. Irs tax form 1040ez Form 1098-T, Reminders American opportunity credit, Form 1098-T. Irs tax form 1040ez Lifetime learning credit, Form 1098-T. Irs tax form 1040ez Tuition and fees deduction, Form 1098-T. Irs tax form 1040ez Form 1099-Q Coverdell ESA, Exceptions. Irs tax form 1040ez , Earnings and basis. Irs tax form 1040ez Qualified tuition program (QTP), Earnings and return of investment. Irs tax form 1040ez Form 1099-R Early distributions from IRAs, Reporting Early Distributions Form 2106, 50% limit on meals. Irs tax form 1040ez , Form 2106 or 2106-EZ. Irs tax form 1040ez Form 2106-EZ, 50% limit on meals. Irs tax form 1040ez , Form 2106 or 2106-EZ. Irs tax form 1040ez , Using Form 2106-EZ. Irs tax form 1040ez Filled-in example, Form 5329 Coverdell ESA, Figuring the additional tax. Irs tax form 1040ez Early distributions from IRAs, Reporting Early Distributions Qualified tuition program (QTP), Figuring the additional tax. Irs tax form 1040ez Form 8815, MAGI when using Form 1040. Irs tax form 1040ez , Claiming the Exclusion Form 8863 Filled-in examples, Form 8917 Filled-in examples, Form W-9S, Form 1098-T. Irs tax form 1040ez , Form 1098-T. Irs tax form 1040ez , Form 1098-E. Irs tax form 1040ez , Form 1098-T. Irs tax form 1040ez Free tax services, Free help with your tax return. Irs tax form 1040ez Fulbright grants, Fulbright Grants G Glossary, Glossary. Irs tax form 1040ez , Glossary, Transfer: Graduate education tuition reduction, Graduate Education Grants Fulbright, Fulbright Grants Pell, Pell Grants and Other Title IV Need-Based Education Grants Title IV need-based education, Pell Grants and Other Title IV Need-Based Education Grants H Half-time student American opportunity credit, Enrolled at least half-time. Irs tax form 1040ez Coverdell ESA, Half-time student. Irs tax form 1040ez Early distributions from IRAs, Half-time student. Irs tax form 1040ez Student loan interest deduction, Enrolled at least half-time. Irs tax form 1040ez Help (see Tax help) I Illustrated example of education credits (Appendix A), Appendix A. Irs tax form 1040ez Illustrated Example of Education Credits, Impairment-related work expenses Work-related education deduction, Impairment-Related Work Expenses Individual retirement arrangements (IRAs), Coverdell Education Savings Account (ESA) Early distributions (see Early distributions from IRAs) L Lifetime learning credit, Differences between the American opportunity and lifetime learning credits. Irs tax form 1040ez Academic period, Academic period. Irs tax form 1040ez Adjustments to qualified education expenses, Adjustments to Qualified Education Expenses Claiming dependent's expenses, Who Can Claim a Dependent's Expenses Tuition reduction, Tuition reduction. Irs tax form 1040ez Claiming the credit, Can You Claim the Credit, Who Cannot Claim the Credit, Claiming the Credit Qualifying to claim (Figure 3-1), Coordination with Coverdell ESA distributions, Figuring the Taxable Portion of a Distribution, Coordination With American Opportunity and Lifetime Learning Credits Coordination with qualified tuition program (QTP) distributions, Coordination With American Opportunity and Lifetime Learning Credits Eligible educational institution, Eligible educational institution. Irs tax form 1040ez Eligible student, Who Is an Eligible Student Expenses qualifying for, What Expenses Qualify, Amounts that do not reduce qualified education expenses. Irs tax form 1040ez Figuring the credit, Figuring the Credit, Claiming the Credit Income level, effect on amount of credit, Effect of the Amount of Your Income on the Amount of Your Credit Income limits, Effect of the Amount of Your Income on the Amount of Your Credit Modified adjusted gross income (MAGI), Modified adjusted gross income (MAGI). Irs tax form 1040ez Worksheet 3-1, MAGI when using Form 1040. Irs tax form 1040ez Overview (Table 3-1), Table 3-1. Irs tax form 1040ez Overview of the Lifetime Learning Credit Phaseout, Phaseout. Irs tax form 1040ez Qualified education expenses, Qualified Education Expenses, Amounts that do not reduce qualified education expenses. Irs tax form 1040ez Qualifying to claim (Figure 3-1), Tax benefit of, What is the tax benefit of the lifetime learning credit. Irs tax form 1040ez Loans Cancellation (see Student loan cancellation) Capitalized interest on student loan, Capitalized interest. Irs tax form 1040ez Origination fees on student loan, Loan origination fee. Irs tax form 1040ez Qualified education expenses paid with American opportunity credit, Academic period. Irs tax form 1040ez Lifetime learning credit, Paid with borrowed funds. Irs tax form 1040ez Student loan repayment assistance, Student Loan Repayment Assistance Losses, deducting Coverdell ESA, Losses on Coverdell ESA Investments Qualified tuition program (QTP), Losses on QTP Investments Luxury water transportation, Cruises and conventions. Irs tax form 1040ez M Mileage deduction for work-related education, What's New, Using your car. Irs tax form 1040ez Military academy cadets, Payment to Service Academy Cadets Missing children, photographs of, Reminders Modified adjusted gross income (MAGI) American opportunity credit Worksheet 2-1, Claiming the Credit Coverdell ESA, Modified adjusted gross income (MAGI). Irs tax form 1040ez , MAGI when using Form 1040NR-EZ. Irs tax form 1040ez Worksheet 6-1, Worksheet 7-1. Irs tax form 1040ez MAGI for a Coverdell ESA Education savings bond program, Modified adjusted gross income (MAGI). Irs tax form 1040ez , MAGI when using Form 1040. Irs tax form 1040ez Lifetime learning credit, Modified adjusted gross income (MAGI). Irs tax form 1040ez Worksheet 3-1, MAGI when using Form 1040. Irs tax form 1040ez Student loan interest deduction, Modified adjusted gross income (MAGI). Irs tax form 1040ez Table 4-2, Table 4-2. Irs tax form 1040ez Effect of MAGI on Student Loan Interest Deduction Tuition and fees deduction, Modified adjusted gross income (MAGI). Irs tax form 1040ez Table 6-2, Table 6-2. Irs tax form 1040ez Effect of MAGI on Maximum Tuition and Fees Deduction Worksheet 6-1, Worksheet 6-1. Irs tax form 1040ez MAGI for the Tuition and Fees Deduction N National Health Service Corps Scholarship Program, Exceptions. Irs tax form 1040ez , Exceptions. Irs tax form 1040ez Nonaccountable plans Work-related education, Nonaccountable Plans P Pell grants, Pell Grants and Other Title IV Need-Based Education Grants, Coordination with Pell grants and other scholarships. Irs tax form 1040ez , Coordination with Pell grants and other scholarships. Irs tax form 1040ez Performing artists, work-related education deduction, Performing Artists and Fee-Basis Officials Phaseout American opportunity credit, Phaseout. Irs tax form 1040ez Education savings bond program, Effect of the Amount of Your Income on the Amount of Your Exclusion Lifetime learning credit, Phaseout. Irs tax form 1040ez Student loan interest deduction, Phaseout. Irs tax form 1040ez , Effect of the Amount of Your Income on the Amount of Your Deduction Publications (see Tax help) Q Qualified education expenses Adjustments to American opportunity credit, Adjustments to Qualified Education Expenses Coverdell ESA, Adjusted qualified education expenses. Irs tax form 1040ez Education savings bond program, Adjusted qualified education expenses. Irs tax form 1040ez Lifetime learning credit, Adjustments to Qualified Education Expenses Qualified tuition program (QTP), Adjusted qualified education expenses. Irs tax form 1040ez Student loan interest deduction, Adjustments to Qualified Education Expenses Tuition and fees deduction, Adjustments to Qualified Education Expenses Work-related education, Adjustments to Qualifying Work-Related Education Expenses American opportunity credit, Qualified Education Expenses, Adjustments to Qualified Education Expenses Coverdell ESA, Qualified Education Expenses, Qualified Elementary and Secondary Education Expenses Early distributions from IRAs, Qualified education expenses. Irs tax form 1040ez Education savings bond program, Qualified education expenses. Irs tax form 1040ez Expenses not qualified American opportunity credit, Expenses That Do Not Qualify, Comprehensive or bundled fees. Irs tax form 1040ez Lifetime learning credit, Expenses That Do Not Qualify Tuition and fees deduction, Expenses That Do Not Qualify Lifetime learning credit, Qualified Education Expenses, Amounts that do not reduce qualified education expenses. Irs tax form 1040ez Qualified tuition program (QTP), Qualified education expenses. Irs tax form 1040ez Scholarships and fellowships, Qualified education expenses. Irs tax form 1040ez Student loan interest deduction, Qualified Education Expenses Tuition and fees deduction, What Expenses Qualify, Adjustments to Qualified Education Expenses Work-related education, What Expenses Can Be Deducted, Adjustments to Qualifying Work-Related Education Expenses Qualified elementary and secondary education expenses Coverdell ESAs, Qualified Elementary and Secondary Education Expenses Qualified employer plans Student loan interest deduction not allowed, Qualified employer plan. Irs tax form 1040ez Qualified student loans, Qualified Student Loan, Qualified employer plan. Irs tax form 1040ez Qualified tuition program (QTP), Qualified Tuition Program (QTP), Changing the Designated Beneficiary Additional tax on taxable distributions, Additional Tax on Taxable Distributions Change of designated beneficiary, Changing the Designated Beneficiary Contributions to, How Much Can You Contribute Coordination with American opportunity and lifetime learning credits, Coordination With American Opportunity and Lifetime Learning Credits Coordination with Coverdell ESA distributions, Coordination With Coverdell ESA Distributions Defined, What Is a Qualified Tuition Program Eligible educational institution, Eligible educational institution. Irs tax form 1040ez Figuring taxable portion of distribution, Figuring the Taxable Portion of a Distribution, Losses on QTP Investments Losses, Losses on QTP Investments Qualified education expenses, Qualified education expenses. Irs tax form 1040ez Rollovers, Rollovers and Other Transfers, Changing the Designated Beneficiary Tax benefit of, What is the tax benefit of a QTP. Irs tax form 1040ez Taxability of distributions, Are Distributions Taxable, Figuring the additional tax. Irs tax form 1040ez Taxable earnings, Taxable earnings. Irs tax form 1040ez Transfers, Rollovers and Other Transfers, Changing the Designated Beneficiary Qualified tuition reduction, Qualified Tuition Reduction, How To Report Qualified U. Irs tax form 1040ez S. Irs tax form 1040ez savings bonds, Qualified U. Irs tax form 1040ez S. Irs tax form 1040ez savings bonds. Irs tax form 1040ez Qualifying work-related education, Qualifying Work-Related Education, Teaching and Related Duties Determining if qualified (Figure 11-1), R Recapture American opportunity credit, Credit recapture. Irs tax form 1040ez Lifetime learning credit, Credit recapture. Irs tax form 1040ez Tuition and fees deduction, Credit recapture. Irs tax form 1040ez Recordkeeping requirements Work-related education, Recordkeeping, Examples of records to keep. Irs tax form 1040ez Refinanced student loans, Interest on refinanced student loans. Irs tax form 1040ez , Refinanced Loan Reimbursements Nondeductible expenses, Reimbursements for nondeductible expenses. Irs tax form 1040ez Work-related education, How To Treat Reimbursements, Reimbursements for nondeductible expenses. Irs tax form 1040ez Related persons Coverdell ESA, Members of the beneficiary's family. Irs tax form 1040ez Qualified tuition program (QTP), Members of the beneficiary's family. Irs tax form 1040ez Student loan interest deduction, Related person. Irs tax form 1040ez Repayment programs (see Student loan repayment assistance) Reporting American opportunity credit, Claiming the Credit Coverdell ESA, Exceptions. Irs tax form 1040ez , Figuring and reporting the additional tax. Irs tax form 1040ez , Figuring the Taxable Portion of a Distribution, Figuring the additional tax. Irs tax form 1040ez Early distributions from IRAs, Reporting Early Distributions Education savings bond program, Claiming the Exclusion Lifetime learning credit, Claiming the Credit Qualified tuition program (QTP), Taxable earnings. Irs tax form 1040ez , Losses on QTP Investments, Rollovers Scholarships and fellowships, taxable, Reporting Scholarships and Fellowships Student loan interest deduction, Claiming the Deduction Tuition and fees deduction, Claiming the Deduction Tuition reduction, taxable, How To Report Work-related education expenses, Deducting Business Expenses, Impairment-Related Work Expenses Revolving lines of credit, interest on, Interest on revolving lines of credit. Irs tax form 1040ez Rollovers Coverdell ESA, Rollovers Qualified tuition program (QTP), Rollovers and Other Transfers, Changing the Designated Beneficiary S Scholarships and fellowships, Scholarships and Fellowships, Form 1040NR-EZ. Irs tax form 1040ez , Coordination with Pell grants and other scholarships. Irs tax form 1040ez , Coordination with Pell grants and other scholarships. Irs tax form 1040ez Athletic scholarships, Athletic Scholarships Eligible educational institution, Eligible educational institution. Irs tax form 1040ez , Eligible educational institution. Irs tax form 1040ez Figuring tax-free and taxable parts (Worksheet 1-1), Worksheet 1-1. Irs tax form 1040ez Qualified education expenses, Qualified education expenses. Irs tax form 1040ez Reporting, Reporting Scholarships and Fellowships Scholarship, defined, Scholarships and Fellowships Tax treatment of (Table 1-1), Tax-Free Scholarships and Fellowships Tax-free, Tax-Free Scholarships and Fellowships, Athletic Scholarships Taxable, Taxable Scholarships and Fellowships Section 501(c)(3) organizations (see Student loan cancellation) Section 529 program (see Qualified tuition program (QTP)) Self-employed persons Deducting work-related education expenses, Self-Employed Persons Service academy cadets, Payment to Service Academy Cadets Sports, games, hobbies, and noncredit courses American opportunity credit, Sports, games, hobbies, and noncredit courses. Irs tax form 1040ez Education savings bond program, Qualified education expenses. Irs tax form 1040ez Lifetime learning credit, Sports, games, hobbies, and noncredit courses. Irs tax form 1040ez Tuition and fees deduction, Sports, games, hobbies, and noncredit courses. Irs tax form 1040ez Standard mileage rate Work-related education, What's New, Using your car. Irs tax form 1040ez State prepaid education accounts (see Qualified tuition program (QTP)) Student loan cancellation, Student Loan Cancellation Eligible educational institution, Eligible educational institution. Irs tax form 1040ez Section 501(c)(3) organizations, Section 501(c)(3) organization. Irs tax form 1040ez Student loan interest deduction Academic period, Academic period. Irs tax form 1040ez Adjustments to qualified education expenses, Adjustments to Qualified Education Expenses Allocation between interest and principal, Allocating Payments Between Interest and Principal Claiming the deduction, Claiming the Deduction Eligible educational institution, Eligible educational institution. Irs tax form 1040ez Eligible student, Eligible student. Irs tax form 1040ez Figuring the deduction, Figuring the Deduction, Which Worksheet To Use Include as interest, Include As Interest Income level, effect on amount of deduction, Effect of the Amount of Your Income on the Amount of Your Deduction Loan repayment assistance, Do Not Include As Interest Modified adjusted gross income (MAGI), Modified adjusted gross income (MAGI). Irs tax form 1040ez , Which Worksheet To Use Table 4-2, Table 4-2. Irs tax form 1040ez Effect of MAGI on Student Loan Interest Deduction Not included as interest, Do Not Include As Interest Phaseout, Phaseout. Irs tax form 1040ez , Effect of the Amount of Your Income on the Amount of Your Deduction Qualified education expenses, Qualified Education Expenses Qualified employer plans, Qualified employer plan. Irs tax form 1040ez Qualified student loans, Qualified Student Loan, Qualified employer plan. Irs tax form 1040ez Reasonable period of time, Reasonable period of time. Irs tax form 1040ez Related persons, Related person. Irs tax form 1040ez Student loan interest, defined, Student Loan Interest Defined, When Must Interest Be Paid Third party interest payments, Interest paid by others. Irs tax form 1040ez When interest must be paid, When Must Interest Be Paid Worksheet 4-1, Worksheet 4-1. Irs tax form 1040ez Student Loan Interest Deduction Worksheet Student loan repayment assistance, Student Loan Repayment Assistance Surviving spouse Coverdell ESA transfer to, Exception for Transfer to Surviving Spouse or Family Member T Tables and figures American opportunity credit Eligible student requirements (Figure 2-2), Overview (Table 2-1), Introduction Qualifying to claim (Figure 2-1), Comparison of education tax benefits (Appendix B), Coverdell ESAs Contributions to (Table 7-2), Contribution Limits Distributions (Table 7-3), Distributions Overview (Table 6-1), Coverdell Education Savings Account (ESA) Education credits Overview of American opportunity credit (Table 2-1), Introduction Overview of lifetime learning credit (Table 3-1), Table 3-1. Irs tax form 1040ez Overview of the Lifetime Learning Credit Lifetime learning credit Overview (Table 3-1), Table 3-1. Irs tax form 1040ez Overview of the Lifetime Learning Credit Qualifying to claim (Figure 3-1), Scholarships and fellowships, taxability of (Table 1-1), Tax-Free Scholarships and Fellowships Student loan interest deduction MAGI, effect of (Table 4-2), Table 4-2. Irs tax form 1040ez Effect of MAGI on Student Loan Interest Deduction Overview (Table 4-1), Table 4-1. Irs tax form 1040ez Student Loan Interest Deduction at a Glance Summary chart of differences between education tax benefits (Appendix B), Tuition and fees deduction MAGI, effect of (Table 6-2), Table 6-2. Irs tax form 1040ez Effect of MAGI on Maximum Tuition and Fees Deduction Overview (Table 6-1), Table 6-1. Irs tax form 1040ez Tuition and Fees Deduction at a Glance Work-related education, qualifying (Figure 112-1), Tax help, How To Get Tax Help Tax-free educational assistance American opportunity credit, Tax-free educational assistance. Irs tax form 1040ez Coverdell ESA, Adjusted qualified education expenses. Irs tax form 1040ez Early distributions from IRAs, Figuring the Amount Not Subject to the 10% Tax Education savings bond program, Adjusted qualified education expenses. Irs tax form 1040ez Lifetime learning credit, Tax-free educational assistance. Irs tax form 1040ez Qualified tuition program (QTP), Adjusted qualified education expenses. Irs tax form 1040ez Tuition and fees deduction, Tax-free educational assistance. Irs tax form 1040ez Work-related education, Tax-free educational assistance. Irs tax form 1040ez Taxable scholarships and fellowships, Taxable Scholarships and Fellowships Teachers, Requirements for Teachers, Teaching and Related Duties Temporary-basis student, transportation expenses of, Temporary basis. Irs tax form 1040ez Title IV need-based education grants, Pell Grants and Other Title IV Need-Based Education Grants Transfers Coverdell ESA, Rollovers Qualified tuition program (QTP), Rollovers and Other Transfers, Changing the Designated Beneficiary Transportation expenses Work-related education, Transportation Expenses, Using your car. Irs tax form 1040ez Travel expenses 50% limit on meals, 50% limit on meals. Irs tax form 1040ez Not deductible as form of education, Travel as Education Work-related education, Travel Expenses TTY/TDD information, How To Get Tax Help Tuition and fees deduction, Tuition and Fees Deduction, Illustrated Example Academic period, Academic period. Irs tax form 1040ez Adjustments to qualified education expenses, Adjustments to Qualified Education Expenses Can you claim the deduction, Can You Claim the Deduction Claiming dependent's expenses, Who Can Claim a Dependent's Expenses Claiming the deduction, Claiming the Deduction Double benefit not allowed, No Double Benefit Allowed Eligible educational institution, Eligible educational institution. Irs tax form 1040ez Eligible student, Who Is an Eligible Student Expenses not qualifying for, Expenses That Do Not Qualify Expenses qualifying for, What Expenses Qualify, Adjustments to Qualified Education Expenses Figuring the deduction, Figuring the Deduction, MAGI when using Form 1040. Irs tax form 1040ez Income level, effect on amount of deduction, Effect of the Amount of Your Income on the Amount of Your Deduction Loan used to pay tuition and fees, Paid with borrowed funds. Irs tax form 1040ez Modified adjusted gross income (MAGI), Modified adjusted gross income (MAGI). Irs tax form 1040ez Table 6-2, Table 6-2. Irs tax form 1040ez Effect of MAGI on Maximum Tuition and Fees Deduction Worksheet 6-1, Worksheet 6-1. Irs tax form 1040ez MAGI for the Tuition and Fees Deduction Overview (Table 4-1), Table 4-1. Irs tax form 1040ez Student Loan Interest Deduction at a Glance Overview (Table 6-1), Table 6-1. Irs tax form 1040ez Tuition and Fees Deduction at a Glance Qualified education expenses, What Expenses Qualify, Adjustments to Qualified Education Expenses Qualifying for deduction, Can You Claim the Deduction Tax benefit of, What is the tax benefit of the tuition and fees deduction. Irs tax form 1040ez Tax-free educational assistance, Tax-free educational assistance. Irs tax form 1040ez Tuition reduction American opportunity credit, Tuition reduction. Irs tax form 1040ez Lifetime learning credit, Tuition reduction. Irs tax form 1040ez Qualified, Qualified Tuition Reduction, How To Report Tuition and fees deduction, Tuition reduction. Irs tax form 1040ez U U. Irs tax form 1040ez S. Irs tax form 1040ez savings bonds, Qualified U. Irs tax form 1040ez S. Irs tax form 1040ez savings bonds. Irs tax form 1040ez Unclaimed reimbursement Work-related education, Unclaimed reimbursement. Irs tax form 1040ez V Veterans' benefits, Veterans' Benefits Voluntary interest payments, Voluntary interest payments. Irs tax form 1040ez W Withholding, Analyzing your tax withholding. Irs tax form 1040ez Work-related education (see Business deduction for work-related education) Working condition fringe benefit, Working condition fringe benefit. Irs tax form 1040ez Worksheets Coverdell ESA Contribution limit (Worksheet 6-2), Figuring the limit. Irs tax form 1040ez MAGI, calculation of (Worksheet 6-1), Worksheet 7-1. Irs tax form 1040ez MAGI for a Coverdell ESA Taxable distributions and basis (Worksheet 6-3), Worksheet 7-3. Irs tax form 1040ez Coverdell ESA—Taxable Distributions and Basis Taxable distributions and basis (Worksheet 7-3), Worksheet 7-3. Irs tax form 1040ez Coverdell ESA—Taxable Distributions and Basis Lifetime learning credit MAGI calculation (Worksheet 3-1), MAGI when using Form 1040. Irs tax form 1040ez Scholarships and fellowships, taxable income (Worksheet 1-1), Worksheet 1-1. Irs tax form 1040ez Student loan interest deduction (Worksheet 4-1), Worksheet 4-1. Irs tax form 1040ez Student Loan Interest Deduction Worksheet Tuition and fees deduction, MAGI calculation (Worksheet 6-1), Worksheet 6-1. Irs tax form 1040ez MAGI for the Tuition and Fees Deduction Prev  Up     Home   More Online Publications
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The Irs Tax Form 1040ez

Irs tax form 1040ez Publication 929 - Main Content Table of Contents Part 1. Irs tax form 1040ez Rules for All Dependents Filing RequirementsEarned Income Only Unearned Income Only Both Earned and Unearned Income Other Filing Requirements Should a Return Be Filed Even If Not Required? Responsibility for Child's ReturnThird party designee. Irs tax form 1040ez Designated as representative. Irs tax form 1040ez IRS notice. Irs tax form 1040ez Standard DeductionStandard Deduction of Zero Dependent's Own Exemption Withholding From WagesExceptions. Irs tax form 1040ez Part 2. Irs tax form 1040ez Tax on Unearned Income of Certain ChildrenWhich Parent's Return To Use Parent's Election To Report Child's Interest and DividendsEffect of Making the Election Figuring Child's Income Figuring Additional Tax Tax for Certain Children Who Have Unearned IncomeProviding Parental Information (Form 8615, Lines A–C) Step 1. Irs tax form 1040ez Figuring the Child's Net Unearned Income (Form 8615, Part I) Step 2. Irs tax form 1040ez Figuring a Tentative Tax at the Parent's Tax Rate (Form 8615, Part II) Step 3. Irs tax form 1040ez Figuring the Child's Tax (Form 8615, Part III) Alternative Minimum Tax Illustrated Example Part 1. Irs tax form 1040ez Rules for All Dependents This part of the publication discusses the filing requirements for dependents, who is responsible for a child's return, how to figure a dependent's standard deduction and exemption (if any), and whether a dependent can claim exemption from federal income tax withholding. Irs tax form 1040ez Filing Requirements Whether a dependent has to file a return generally depends on the amount of the dependent's earned and unearned income and whether the dependent is married, is age 65 or older, or is blind. Irs tax form 1040ez A dependent may have to file a return even if his or her income is less than the amount that would normally require a return. Irs tax form 1040ez See Other Filing Requirements, later. Irs tax form 1040ez The following sections apply to dependents with: Earned income only, Unearned income only, and Both earned and unearned income. Irs tax form 1040ez  To find out whether a dependent must file, read the section that applies, or use Table 1. Irs tax form 1040ez Earned Income Only A dependent whose gross income is only earned income must file a return if the gross income is more than the amount listed in the following table. Irs tax form 1040ez Marital Status Amount Single   Under 65 and not blind $6,100 Either 65 or older or blind $7,600 65 or older and blind $9,100 Married*   Under 65 and not blind $6,100 Either 65 or older or blind $7,300 65 or older and blind $8,500 *If a dependent's spouse itemizes deductions on a separate return, the dependent must file a return if the dependent has $5 or more of gross income (earned and/or unearned). Irs tax form 1040ez Example. Irs tax form 1040ez William is 16. Irs tax form 1040ez His mother claims an exemption for him on her income tax return. Irs tax form 1040ez He worked part time on weekends during the school year and full time during the summer. Irs tax form 1040ez He earned $7,000 in wages. Irs tax form 1040ez He did not have any unearned income. Irs tax form 1040ez He must file a tax return because he has earned income only and his gross income is more than $6,100. Irs tax form 1040ez If he is blind, he does not have to file a return because his gross income is not more than $7,600. Irs tax form 1040ez Unearned Income Only A dependent whose gross income is only unearned income must file a return if the gross income is more than the amount listed in the following table. Irs tax form 1040ez Marital Status Amount Single   Under 65 and not blind $1,000 Either 65 or older or blind $2,500 65 or older and blind $4,000 Married*   Under 65 and not blind $1,000 Either 65 or older or blind $2,200 65 or older and blind $3,400 *If a dependent's spouse itemizes deductions on a separate return, the dependent must file a return if the dependent has $5 or more of gross income (earned and/or unearned). Irs tax form 1040ez Example. Irs tax form 1040ez Sarah is 18 and single. Irs tax form 1040ez Her parents can claim an exemption for her on their income tax return. Irs tax form 1040ez She received $1,970 of taxable interest and dividend income. Irs tax form 1040ez She did not work during the year. Irs tax form 1040ez She must file a tax return because she has unearned income only and her gross income is more than $1,000. Irs tax form 1040ez If she is blind, she does not have to file a return because she has unearned income only and her gross income is not more than $2,500. Irs tax form 1040ez Election to report child's unearned income on parent's return. Irs tax form 1040ez   A parent of a child under age 19 (or under age 24 if a full-time student) may be able to elect to include the child's interest and dividend income on the parent's return. Irs tax form 1040ez See Parent's Election To Report Child's Interest and Dividends in Part 2. Irs tax form 1040ez If the parent makes this election, the child does not have to file a return. Irs tax form 1040ez Both Earned and Unearned Income A dependent who has both earned and unearned income generally must file a return if the dependent's gross income is more than line 5 of the following worksheet. Irs tax form 1040ez Filing Requirement Worksheet for Most Dependents 1. Irs tax form 1040ez Enter dependent's earned income plus $350     2. Irs tax form 1040ez Minimum amount   $1,000 3. Irs tax form 1040ez Compare lines 1 and 2. Irs tax form 1040ez Enter the larger amount     4. Irs tax form 1040ez Maximum amount   6,100 5. Irs tax form 1040ez Compare lines 3 and 4. Irs tax form 1040ez Enter the smaller amount     6. Irs tax form 1040ez Enter the dependent's gross income. Irs tax form 1040ez If line 6 is more than line 5, the dependent must file an income tax return. Irs tax form 1040ez If the dependent is married and his or her spouse itemizes deductions on a separate return, the dependent must file an income tax return if line 6 is $5 or more. Irs tax form 1040ez       Table 1. Irs tax form 1040ez 2013 Filing Requirements for Dependents If your parent (or someone else) can claim you as a dependent, use this table to see if you must file a return. Irs tax form 1040ez   See the definitions of “dependent,”“earned income,”“unearned income,” and “gross income” in the Glossary. Irs tax form 1040ez   Single dependents—Were you either age 65 or older or blind?     No. Irs tax form 1040ez You must file a return if any of the following apply. Irs tax form 1040ez       Your unearned income was over $1,000. Irs tax form 1040ez Your earned income was over $6,100. Irs tax form 1040ez Your gross income was more than the larger of—       $1,000, or Your earned income (up to $5,750) plus $350. Irs tax form 1040ez         Yes. Irs tax form 1040ez You must file a return if any of the following apply. Irs tax form 1040ez     Your unearned income was over $2,500 ($4,000 if 65 or older and blind), Your earned income was over $7,600 ($9,100 if 65 or older and blind), Your gross income was more than the larger of—       $2,500 ($4,000 if 65 or older and blind), or Your earned income (up to $5,750) plus $1,850 ($3,350 if 65 or older and blind). Irs tax form 1040ez       Married dependents—Were you either age 65 or older or blind?     No. Irs tax form 1040ez You must file a return if any of the following apply. Irs tax form 1040ez       Your gross income was at least $5 and your spouse files a separate return and itemizes deductions. Irs tax form 1040ez Your unearned income was over $1,000. Irs tax form 1040ez Your earned income was over $6,100. Irs tax form 1040ez Your gross income was more than the larger of—       $1,000, or Your earned income (up to $5,750) plus $350. Irs tax form 1040ez       Yes. Irs tax form 1040ez You must file a return if any of the following apply. Irs tax form 1040ez       Your gross income was at least $5 and your spouse files a separate return and itemizes deductions. Irs tax form 1040ez Your unearned income was over $2,200 ($3,400 if 65 or older and blind), Your earned income was over $7,300 ($8,500 if 65 or older and blind), Your gross income was more than the larger of—       $2,200 ($3,400 if 65 or older and blind), or Your earned income (up to $5,750) plus $1,550 ($2,750 if 65 or older and blind). Irs tax form 1040ez       Example 1. Irs tax form 1040ez Joe is 20, single, not blind, and a full-time college student. Irs tax form 1040ez He does not provide more than half of his own support, and his parents claim an exemption for him on their income tax return. Irs tax form 1040ez He received $200 taxable interest income and earned $2,750 from a part-time job. Irs tax form 1040ez He does not have to file a tax return because his gross income of $2,950 ($200 interest plus $2,750 in wages) is not more than $3,100, the amount on line 5 of his filled-in Filing Requirement Worksheet for Most Dependents (shown next). Irs tax form 1040ez Filled-in Example 1 Filing Requirement Worksheet  for Most Dependents 1. Irs tax form 1040ez Enter dependent's earned income plus $350   $ 3,100 2. Irs tax form 1040ez Minimum amount   1,000 3. Irs tax form 1040ez Compare lines 1 and 2. Irs tax form 1040ez Enter the larger amount   3,100 4. Irs tax form 1040ez Maximum amount   6,100 5. Irs tax form 1040ez Compare lines 3 and 4. Irs tax form 1040ez Enter the smaller amount   3,100 6. Irs tax form 1040ez Enter the dependent's gross income. Irs tax form 1040ez If line 6 is more than line 5, the dependent must file an income tax return. Irs tax form 1040ez If the dependent is married and his or her spouse itemizes deductions on a separate return, the dependent must file an income tax return if line 6 is $5 or more. Irs tax form 1040ez   $ 2,950   Example 2. Irs tax form 1040ez The facts are the same as in Example 1 except that Joe had $600 taxable interest income. Irs tax form 1040ez He must file a tax return because his gross income of $3,350 ($600 interest plus $2,750 wages) is more than $3,100, the amount on line 5 of his filled-in worksheet (shown next). Irs tax form 1040ez Filled-in Example 2 Filing Requirement Worksheet for Most Dependents 1. Irs tax form 1040ez Enter dependent's earned income plus $350   $ 3,100 2. Irs tax form 1040ez Minimum amount   1,000 3. Irs tax form 1040ez Compare lines 1 and 2. Irs tax form 1040ez Enter the larger amount   3,100 4. Irs tax form 1040ez Maximum amount   6,100 5. Irs tax form 1040ez Compare lines 3 and 4. Irs tax form 1040ez Enter the smaller amount   3,100 6. Irs tax form 1040ez Enter the dependent's gross income. Irs tax form 1040ez If line 6 is more than line 5, the dependent must file an income tax return. Irs tax form 1040ez If the dependent is married and his or her spouse itemizes deductions on a separate return, the dependent must file an income tax return if line 6 is $5 or more. Irs tax form 1040ez   $ 3,350   Age 65 or older or blind. Irs tax form 1040ez A dependent who is age 65 or older or blind must file a return if his or her gross income is more than line 7 of the following worksheet. Irs tax form 1040ez Filing Requirement Worksheet  for Dependents Who Are Age 65 or Older or Blind 1. Irs tax form 1040ez Enter dependent's earned income plus $350     2. Irs tax form 1040ez Minimum amount   $1,000 3. Irs tax form 1040ez Compare lines 1 and 2. Irs tax form 1040ez Enter the larger amount     4. Irs tax form 1040ez Maximum amount   6,100 5. Irs tax form 1040ez Compare lines 3 and 4. Irs tax form 1040ez Enter the smaller amount     6. Irs tax form 1040ez Enter the amount from the following table that applies to the dependent       Marital Status Amount     Single         Either 65 or older or blind $1,500       65 or older and blind $3,000     Married         Either 65 or older or blind $1,200       65 or older and blind $2,400   7. Irs tax form 1040ez Add lines 5 and 6. Irs tax form 1040ez Enter the total     8. Irs tax form 1040ez Enter the dependent's gross income. Irs tax form 1040ez If line 8 is more than line 7, the dependent must file an income tax return. Irs tax form 1040ez If the dependent is married and his or her spouse itemizes deductions on a separate return, the dependent must file an income tax return if line 8 is $5 or more     Example 3. Irs tax form 1040ez The facts are the same as in Example 2 except that Joe is also blind. Irs tax form 1040ez He does not have to file a return because his gross income of $3,350 is not more than $4,600, the amount on line 7 of his filled-in Filing Requirement Worksheet for Dependents Who Are Age 65 or Older or Blind (shown next). Irs tax form 1040ez   Filled-in Example 3 Filing Requirement Worksheet  for Dependents Who Are Age 65 or Older or Blind 1. Irs tax form 1040ez Enter dependent's earned income plus $350   $3,100 2. Irs tax form 1040ez Minimum amount   1,000 3. Irs tax form 1040ez Compare lines 1 and 2. Irs tax form 1040ez Enter the larger amount   3,100 4. Irs tax form 1040ez Maximum amount   6,100 5. Irs tax form 1040ez Compare lines 3 and 4. Irs tax form 1040ez Enter the smaller amount   3,100 6. Irs tax form 1040ez Enter the amount from the following table that applies to the dependent   1,500   Marital Status Amount     Single         Either 65 or older or blind $1,500       65 or older and blind $3,000     Married         Either 65 or older or blind $1,200       65 or older and blind $2,400   7. Irs tax form 1040ez Add lines 5 and 6. Irs tax form 1040ez Enter the total   4,600 8. Irs tax form 1040ez Enter the dependent's gross income. Irs tax form 1040ez If line 8 is more than line 7, the dependent must file an income tax return. Irs tax form 1040ez If the dependent is married and his or her spouse itemizes deductions on a separate return, the dependent must file an income tax return if line 8 is $5 or more   $3,350 Other Filing Requirements Some dependents may have to file a tax return even if their income is less than the amount that would normally require them to file a return. Irs tax form 1040ez A dependent must file a tax return if he or she owes any other taxes, such as: Social security and Medicare taxes on tips not reported to his or her employer or on wages received from an employer who did not withhold these taxes, Uncollected social security and Medicare or railroad retirement taxes on tips reported to his or her employer or on group-term life insurance, Alternative minimum tax, Additional tax on a health savings account from Form 8889, Part III, Recapture taxes, such as the tax from recapture of an education credit, or Additional tax on a qualified plan, including an individual retirement arrangement (IRA), or other tax-favored account. Irs tax form 1040ez But if the dependent is filing a return only because of this tax, the dependent can file Form 5329 by itself. Irs tax form 1040ez A dependent must also file a tax return if he or she: Had wages of $108. Irs tax form 1040ez 28 or more from a church or qualified church-controlled organization that is exempt from employer social security and Medicare taxes, or Had net earnings from self-employment of at least $400. Irs tax form 1040ez Spouse itemizes. Irs tax form 1040ez   A dependent must file a return if the dependent's spouse itemizes deductions on a separate return and the dependent has $5 or more of gross income (earned and/or unearned). Irs tax form 1040ez Should a Return Be Filed Even If Not Required? Even if a dependent does not meet any of the filing requirements discussed earlier, he or she should file a tax return if either of the following applies. Irs tax form 1040ez Income tax was withheld from his or her income. Irs tax form 1040ez He or she qualifies for the earned income credit, additional child tax credit, health coverage tax credit, or refundable American opportunity education credit. Irs tax form 1040ez See the tax return instructions to find out who qualifies for these credits. Irs tax form 1040ez  By filing a return, the dependent can get a refund. Irs tax form 1040ez Responsibility for Child's Return Generally, a child is responsible for filing his or her own tax return and for paying any tax, penalties, or interest on that return. Irs tax form 1040ez If a child cannot file his or her own return for any reason, such as age, the child's parent, guardian, or other legally responsible person must file it for the child. Irs tax form 1040ez Signing the child's return. Irs tax form 1040ez   If the child cannot sign his or her return, a parent or guardian must sign the child's name followed by the words “By (signature), parent (or guardian) for minor child. Irs tax form 1040ez ” Authority of parent or guardian. Irs tax form 1040ez   A parent or guardian who signs a return on a child's behalf can deal with the IRS on all matters connected with the return. Irs tax form 1040ez   In general, a parent or guardian who does not sign the child's return can only provide information concerning the child's return and pay the child's tax. Irs tax form 1040ez That parent or guardian is not entitled to receive information from the IRS or legally bind the child to a tax liability arising from the return. Irs tax form 1040ez Third party designee. Irs tax form 1040ez   A child's parent or guardian who does not sign the child's return may be authorized, as a third party designee, to discuss the processing of the return with the IRS as well as provide information concerning the return. Irs tax form 1040ez The child or the person signing the return on the child's behalf must check the “Yes” box in the “Third Party Designee” area of the return and name the parent or guardian as the designee. Irs tax form 1040ez   If designated, a parent or guardian can respond to certain IRS notices and receive information about the processing of the return and the status of a refund or payment. Irs tax form 1040ez This designation does not authorize the parent or guardian to receive any refund check, bind the child to any tax liability, or otherwise represent the child before the IRS. Irs tax form 1040ez See the return instructions for more information. Irs tax form 1040ez Designated as representative. Irs tax form 1040ez   A parent or guardian who does not sign the child's return may be designated as the child's representative by the child or the person signing the return on the child's behalf. Irs tax form 1040ez Form 2848, Power of Attorney and Declaration of Representative, is used to designate a child's representative. Irs tax form 1040ez See Publication 947, Practice Before the IRS and Power of Attorney, for more information. Irs tax form 1040ez   If designated, a parent or guardian can receive information about the child's return but cannot legally bind the child to a tax liability unless authorized to do so by the law of the state in which the child lives. Irs tax form 1040ez IRS notice. Irs tax form 1040ez   If you or the child receives a notice from the IRS concerning the child's return or tax liability, you should immediately inform the IRS that the notice concerns a child. Irs tax form 1040ez The notice will show who to contact. Irs tax form 1040ez The IRS will try to resolve the matter with the parent(s) or guardian(s) of the child consistent with their authority. Irs tax form 1040ez Child's earnings. Irs tax form 1040ez   For federal income tax purposes, amounts a child earns by performing services are included in the gross income of the child and not the gross income of the parent. Irs tax form 1040ez This is true even if, under state law, the parent has the right to the earnings and may actually have received them. Irs tax form 1040ez If the child does not pay the tax due on this income, the parent may be liable for the tax. Irs tax form 1040ez Child's expenses. Irs tax form 1040ez   Deductions for payments that are made out of a child's earnings are the child's, even if the payments are made by the parent. Irs tax form 1040ez Example. Irs tax form 1040ez You made payments on your child's behalf that are deductible as a business expense and a charitable contribution. Irs tax form 1040ez You made the payments out of your child's earnings. Irs tax form 1040ez These items can be deducted only on the child's return. Irs tax form 1040ez Standard Deduction The standard deduction for an individual who can be claimed as a dependent on another person's tax return is generally limited to the larger of: $1,000, or The individual's earned income plus $350, but not more than the regular standard deduction (generally $6,100). Irs tax form 1040ez However, the standard deduction may be higher for a dependent who: Is 65 or older, or Is blind. Irs tax form 1040ez Certain dependents cannot claim any standard deduction. Irs tax form 1040ez See Standard Deduction of Zero , later. Irs tax form 1040ez Worksheet 1. Irs tax form 1040ez   Use Worksheet 1 to figure the dependent's standard deduction. Irs tax form 1040ez Worksheet 1. Irs tax form 1040ez Standard Deduction Worksheet for Dependents Use this worksheet only if someone else can claim you (or your spouse, if filing jointly) as a dependent. Irs tax form 1040ez If you were 65 or older and/or blind, check the correct number of boxes below. Irs tax form 1040ez Put the total number of boxes checked in box c and go to line 1. Irs tax form 1040ez a. Irs tax form 1040ez You 65 or older   Blind   b. Irs tax form 1040ez Your spouse, if claiming  spouse's exemption 65 or older   Blind   c. Irs tax form 1040ez Total boxes checked         1. Irs tax form 1040ez Enter your earned income (defined below) plus $350. Irs tax form 1040ez If none, enter -0-. Irs tax form 1040ez 1. Irs tax form 1040ez     2. Irs tax form 1040ez Minimum amount. Irs tax form 1040ez   2. Irs tax form 1040ez $1,000   3. Irs tax form 1040ez Compare lines 1 and 2. Irs tax form 1040ez Enter the larger of the two amounts here. Irs tax form 1040ez 3. Irs tax form 1040ez     4. Irs tax form 1040ez Enter on line 4 the amount shown below for your filing status. Irs tax form 1040ez       Single or Married filing separately—$6,100 Married filing jointly—$12,200 Head of household—$8,950 4. Irs tax form 1040ez     5. Irs tax form 1040ez Standard deduction. Irs tax form 1040ez         a. Irs tax form 1040ez Compare lines 3 and 4. Irs tax form 1040ez Enter the smaller amount here. Irs tax form 1040ez If under 65 and not blind, stop here. Irs tax form 1040ez This is your standard deduction. Irs tax form 1040ez Otherwise, go on to line 5b. Irs tax form 1040ez 5a. Irs tax form 1040ez     b. Irs tax form 1040ez If 65 or older or blind, multiply $1,500 ($1,200 if married) by the number in box c above. Irs tax form 1040ez Enter the result here. Irs tax form 1040ez 5b. Irs tax form 1040ez     c. Irs tax form 1040ez Add lines 5a and 5b. Irs tax form 1040ez This is your standard deduction for 2013. Irs tax form 1040ez 5c. Irs tax form 1040ez     Earned income includes wages, salaries, tips, professional fees, and other compensation received for personal services you performed. Irs tax form 1040ez It also includes any amount received as a scholarship that you must include in income. Irs tax form 1040ez   Example 1. Irs tax form 1040ez Michael is single, age 15, and not blind. Irs tax form 1040ez His parents can claim him as a dependent on their tax return. Irs tax form 1040ez He has taxable interest income of $800 and wages of $150. Irs tax form 1040ez He enters $500 (his earned income plus $350) on line 1 of Worksheet 1. Irs tax form 1040ez On line 3, he enters $1,000, the larger of $500 or $1,000. Irs tax form 1040ez Michael enters $6,100 on line 4. Irs tax form 1040ez On line 5a, he enters $1,000, the smaller of $1,000 or $6,100. Irs tax form 1040ez His standard deduction is $1,000. Irs tax form 1040ez Example 2. Irs tax form 1040ez Judy, a full-time student, is single, age 22, and not blind. Irs tax form 1040ez Her parents can claim her as a dependent on their tax return. Irs tax form 1040ez She has dividend income of $275 and wages of $2,500. Irs tax form 1040ez She enters $2,850 (her earned income plus $350) on line 1 of Worksheet 1. Irs tax form 1040ez On line 3, she enters $2,850, the larger of $2,850 or $1,000. Irs tax form 1040ez She enters $6,100 on line 4. Irs tax form 1040ez On line 5a, she enters $2,850 (the smaller of $2,850 or $6,100) as her standard deduction. Irs tax form 1040ez Example 3. Irs tax form 1040ez Amy, who is single, is claimed as a dependent on her parents' tax return. Irs tax form 1040ez She is 18 years old and blind. Irs tax form 1040ez She has taxable interest income of $1,000 and wages of $2,000. Irs tax form 1040ez She enters $2,350 (her earned income plus $350) on line 1 of Worksheet 1. Irs tax form 1040ez She enters $2,350 (the larger of $2,350 or $1,000) on line 3, $6,100 on line 4, and $2,350 (the smaller of $2,350 or $6,100) on line 5a. Irs tax form 1040ez Because Amy is blind, she checks the box for blindness and enters “1” in box c at the top of Worksheet 1. Irs tax form 1040ez She enters $1,500 (the number in box c times $1,500) on line 5b. Irs tax form 1040ez Her standard deduction on line 5c is $3,850 ($2,350 + $1,500). Irs tax form 1040ez Standard Deduction of Zero The standard deduction for the following dependents is zero. Irs tax form 1040ez A married dependent filing a separate return whose spouse itemizes deductions. Irs tax form 1040ez A dependent who files a return for a period of less than 12 months due to a change in his or her annual accounting period. Irs tax form 1040ez A nonresident or dual-status alien dependent, unless the dependent is married to a U. Irs tax form 1040ez S. Irs tax form 1040ez citizen or resident alien at the end of the year and chooses to be treated as a U. Irs tax form 1040ez S. Irs tax form 1040ez resident for the year. Irs tax form 1040ez See Publication 519, U. Irs tax form 1040ez S. Irs tax form 1040ez Tax Guide for Aliens, for information on making this choice. Irs tax form 1040ez Example. Irs tax form 1040ez Jennifer, who is a dependent of her parents, is entitled to file a joint return with her husband. Irs tax form 1040ez However, her husband elects to file a separate return and itemize his deductions. Irs tax form 1040ez Because he itemizes, Jennifer's standard deduction on her return is zero. Irs tax form 1040ez She can, however, itemize any of her allowable deductions. Irs tax form 1040ez Dependent's Own Exemption A person who can be claimed as a dependent on another taxpayer's return cannot claim his or her own exemption. Irs tax form 1040ez This is true even if the other taxpayer does not actually claim the exemption. Irs tax form 1040ez Example. Irs tax form 1040ez James and Barbara can claim their child, Ben, as a dependent on their return. Irs tax form 1040ez Ben is a college student who works during the summer and must file a tax return. Irs tax form 1040ez Ben cannot claim his own exemption on his return. Irs tax form 1040ez This is true even if James and Barbara do not claim him as a dependent on their return. Irs tax form 1040ez Withholding From Wages Employers generally withhold federal income tax, social security tax, and Medicare tax from an employee's wages. Irs tax form 1040ez If the employee claims exemption from withholding on Form W-4, the employer will not withhold federal income tax. Irs tax form 1040ez The exemption from withholding does not apply to social security and Medicare taxes. Irs tax form 1040ez Conditions for exemption from withholding. Irs tax form 1040ez   An employee can claim exemption from withholding for 2014 only if he or she meets both of the following conditions. Irs tax form 1040ez For 2013, the employee had a right to a refund of all federal income tax withheld because he or she had no tax liability. Irs tax form 1040ez For 2014, the employee expects a refund of all federal income tax withheld because he or she expects to have no tax liability. Irs tax form 1040ez Dependents. Irs tax form 1040ez   An employee who is a dependent ordinarily cannot claim exemption from withholding if both of the following are true. Irs tax form 1040ez The employee's gross income will be more than $1,000, the minimum standard deduction for 2014. Irs tax form 1040ez The employee's unearned income will be more than $350. Irs tax form 1040ez Exceptions. Irs tax form 1040ez   An employee may be able to claim exemption from withholding even if the employee is a dependent, if the employee: Is age 65 or older, Is blind, or Will claim on his or her 2014 tax return: Adjustments to income, Tax credits, or Itemized deductions. Irs tax form 1040ez The above exceptions do not apply to supplemental wages greater than $1,000,000. Irs tax form 1040ez For more information, see Exemption From Withholding in chapter 1 of Publication 505. Irs tax form 1040ez Example. Irs tax form 1040ez Guy is 17 and a student. Irs tax form 1040ez During the summer he works part time at a grocery store. Irs tax form 1040ez He expects to earn about $1,200 this year. Irs tax form 1040ez He also worked at the store last summer and received a refund of all his withheld income tax because he did not have a tax liability. Irs tax form 1040ez The only other income he expects during the year is $375 interest on a savings account. Irs tax form 1040ez He expects that his parents will be able to claim him as a dependent on their tax return. Irs tax form 1040ez He is not blind and will not claim adjustments to income, itemized deductions, a higher standard deduction, or tax credits on his return. Irs tax form 1040ez Guy cannot claim exemption from withholding when he fills out Form W-4 because his parents will be able to claim him as a dependent, his gross income will be more than $1,000 (the minimum standard deduction amount) and his unearned income will be more than $350. Irs tax form 1040ez Claiming exemption from withholding. Irs tax form 1040ez    To claim exemption from withholding, an employee must enter “Exempt” in the space provided on Form W-4, line 7. Irs tax form 1040ez The employee must complete the rest of the form, as explained in the form instructions, and give it to his or her employer. Irs tax form 1040ez Renewing an exemption from withholding. Irs tax form 1040ez   An exemption from withholding is good for only one year. Irs tax form 1040ez An employee must file a new Form W-4 by February 15 each year to continue the exemption. Irs tax form 1040ez Part 2. Irs tax form 1040ez Tax on Unearned Income of Certain Children The two rules that follow may affect the tax on the unearned income of certain children. Irs tax form 1040ez If the child's interest and dividend income (including capital gain distributions) total less than $10,000, the child's parent may be able to choose to include that income on the parent's return rather than file a return for the child. Irs tax form 1040ez (See Parent's Election To Report Child's Interest and Dividends , later. Irs tax form 1040ez ) If the child's interest, dividends, and other unearned income total more than $2,000, part of that income may be taxed at the parent's tax rate instead of the child's tax rate. Irs tax form 1040ez (See Tax for Certain Children Who Have Unearned Income , later. Irs tax form 1040ez ) For these rules, the term “child” includes a legally adopted child and a stepchild. Irs tax form 1040ez These rules apply whether or not the child is a dependent. Irs tax form 1040ez These rules do not apply if neither of the child's parents were living at the end of the year. Irs tax form 1040ez Which Parent's Return To Use If a child's parents are married to each other and file a joint return, use the joint return to figure the tax on the child's unearned income. Irs tax form 1040ez The tax rate and other return information from that return are used to figure the child's tax as explained later under Tax for Certain Children Who Have Unearned Income . Irs tax form 1040ez Parents Who Do Not File a Joint Return For parents who do not file a joint return, the following discussions explain which parent's tax return must be used to figure the tax. Irs tax form 1040ez Only the parent whose tax return is used can make the election described under Parent's Election To Report Child's Interest and Dividends . Irs tax form 1040ez Parents are married. Irs tax form 1040ez   If the child's parents file separate returns, use the return of the parent with the greater taxable income. Irs tax form 1040ez Parents not living together. Irs tax form 1040ez   If the child's parents are married to each other but not living together, and the parent with whom the child lives (the custodial parent) is considered unmarried, use the return of the custodial parent. Irs tax form 1040ez If the custodial parent is not considered unmarried, use the return of the parent with the greater taxable income. Irs tax form 1040ez   For an explanation of when a married person living apart from his or her spouse is considered unmarried, see Head of Household in Publication 501. Irs tax form 1040ez Parents are divorced. Irs tax form 1040ez   If the child's parents are divorced or legally separated, and the parent who had custody of the child for the greater part of the year (the custodial parent) has not remarried, use the return of the custodial parent. Irs tax form 1040ez Custodial parent remarried. Irs tax form 1040ez   If the custodial parent has remarried, the stepparent (rather than the noncustodial parent) is treated as the child's other parent. Irs tax form 1040ez Therefore, if the custodial parent and the stepparent file a joint return, use that joint return. Irs tax form 1040ez Do not use the return of the noncustodial parent. Irs tax form 1040ez   If the custodial parent and the stepparent are married, but file separate returns, use the return of the one with the greater taxable income. Irs tax form 1040ez If the custodial parent and the stepparent are married but not living together, the earlier discussion under Parents not living together applies. Irs tax form 1040ez Parents never married. Irs tax form 1040ez   If a child's parents have never been married to each other, but lived together all year, use the return of the parent with the greater taxable income. Irs tax form 1040ez If the parents did not live together all year, the rules explained earlier under Parents are divorced apply. Irs tax form 1040ez Widowed parent remarried. Irs tax form 1040ez   If a widow or widower remarries, the new spouse is treated as the child's other parent. Irs tax form 1040ez The rules explained earlier under Custodial parent remarried apply. Irs tax form 1040ez Parent's Election To Report Child's Interest and Dividends You may be able to elect to include your child's interest and dividend income (including capital gain distributions) on your tax return. Irs tax form 1040ez If you do, your child will not have to file a return. Irs tax form 1040ez You can make this election only if all the following conditions are met. Irs tax form 1040ez Your child was under age 19 (or under age 24 if a full-time student) at the end of the year. Irs tax form 1040ez Your child had income only from interest and dividends (including capital gain distributions and Alaska Permanent Fund dividends). Irs tax form 1040ez The child's gross income was less than $10,000. Irs tax form 1040ez The child is required to file a return unless you make this election. Irs tax form 1040ez The child does not file a joint return for the year. Irs tax form 1040ez No estimated tax payment was made for the year, and no overpayment from the previous year (or from any amended return) was applied to this year under your child's name and social security number. Irs tax form 1040ez No federal income tax was withheld from your child's income under the backup withholding rules. Irs tax form 1040ez You are the parent whose return must be used when applying the special tax rules for children. Irs tax form 1040ez (See Which Parent's Return To Use , earlier. Irs tax form 1040ez ) These conditions are also shown in Figure 1. Irs tax form 1040ez Certain January 1 birthdays. Irs tax form 1040ez   A child born on January 1, 1995, is considered to be age 19 at the end of 2013. Irs tax form 1040ez You cannot make this election for such a child unless the child was a full-time student. Irs tax form 1040ez   A child born on January 1, 1990, is considered to be age 24 at the end of 2013. Irs tax form 1040ez You cannot make this election for such a child. Irs tax form 1040ez How to make the election. Irs tax form 1040ez    Make the election by attaching Form 8814 to your Form 1040 or Form 1040NR. Irs tax form 1040ez (If you make this election, you cannot file Form 1040A or Form 1040EZ. Irs tax form 1040ez ) Attach a separate Form 8814 for each child for whom you make the election. Irs tax form 1040ez You can make the election for one or more children and not for others. Irs tax form 1040ez Effect of Making the Election The federal income tax on your child's income may be more if you make the Form 8814 election. Irs tax form 1040ez Rate may be higher. Irs tax form 1040ez   If your child received qualified dividends or capital gain distributions, you may pay up to $100 more tax if you make this election instead of filing a separate tax return for the child. Irs tax form 1040ez This is because the tax rate on the child's income between $1,000 and $2,000 is 10% if you make this election. Irs tax form 1040ez However, if you file a separate return for the child, the tax rate may be as low as 0% (zero percent) because of the preferential tax rates for qualified dividends and capital gain distributions. Irs tax form 1040ez Deductions you cannot take. Irs tax form 1040ez   By making the Form 8814 election, you cannot take any of the following deductions that the child would be entitled to on his or her return. Irs tax form 1040ez The additional standard deduction if the child is blind. Irs tax form 1040ez The deduction for a penalty on an early withdrawal of your child's savings. Irs tax form 1040ez Itemized deductions (such as your child's investment expenses or charitable contributions). Irs tax form 1040ez Figure 1. Irs tax form 1040ez Can You Include Your Child's Income On Your Tax Return? Please click here for the text description of the image. Irs tax form 1040ez Figure 1. Irs tax form 1040ez Can You Include Your Child's Income On Your Tax Return? Deductible investment interest. Irs tax form 1040ez   If you use Form 8814, your child's unearned income is considered your unearned income. Irs tax form 1040ez To figure the limit on your deductible investment interest, add the child's unearned income to yours. Irs tax form 1040ez However, if your child received qualified dividends, capital gain distributions, or Alaska Permanent Fund dividends, see chapter 3 of Publication 550 for information about how to figure the limit. Irs tax form 1040ez Alternative minimum tax. Irs tax form 1040ez    If your child received tax-exempt interest (or exempt-interest dividends paid by a regulated investment company) from certain private activity bonds, you must determine if that interest is a tax preference item for alternative minimum tax (AMT) purposes. Irs tax form 1040ez If it is, you must include it with your own tax preference items when figuring your AMT. Irs tax form 1040ez See Form 6251, Alternative Minimum Tax—Individuals, and its instructions for details. Irs tax form 1040ez Reduced deductions or credits. Irs tax form 1040ez   If you use Form 8814, your increased adjusted gross income may reduce certain deductions or credits on your return, including the following. Irs tax form 1040ez Deduction for contributions to a traditional individual retirement arrangement (IRA). Irs tax form 1040ez Deduction for student loan interest. Irs tax form 1040ez Itemized deductions for medical expenses, casualty and theft losses, and certain miscellaneous expenses. Irs tax form 1040ez Credit for child and dependent care expenses. Irs tax form 1040ez Child tax credit. Irs tax form 1040ez Education tax credits. Irs tax form 1040ez Earned income credit. Irs tax form 1040ez Penalty for underpayment of estimated tax. Irs tax form 1040ez   If you make this election for 2013 and did not have enough tax withheld or pay enough estimated tax to cover the tax you owe, you may be subject to a penalty. Irs tax form 1040ez If you plan to make this election for 2014, you may need to increase your federal income tax withholding or your estimated tax payments to avoid the penalty. Irs tax form 1040ez Get Publication 505 for more information. Irs tax form 1040ez Figuring Child's Income Use Form 8814, Part I, to figure your child's interest and dividend income to report on your return. Irs tax form 1040ez Only the amount over $2,000 is added to your income. Irs tax form 1040ez The amount over $2,000 is shown on Form 8814, line 6. Irs tax form 1040ez Unless the child's income includes qualified dividends or capital gain distributions (discussed next), the same amount is shown on Form 8814, line 12. Irs tax form 1040ez Include the amount from Form 8814, line 12, on Form 1040 or Form 1040NR, line 21. Irs tax form 1040ez If you file more than one Form 8814, include the total amounts from line 12 of all your Forms 8814 on Form 1040 or Form 1040NR, line 21. Irs tax form 1040ez On the dotted line next to line 21, enter “Form 8814” and the total of the Form 8814, line 12 amounts. Irs tax form 1040ez Note. Irs tax form 1040ez The tax on the first $2,000 is figured on Form 8814, Part II. Irs tax form 1040ez See Figuring Additional Tax , later. Irs tax form 1040ez Qualified dividends. Irs tax form 1040ez   Enter on Form 8814, line 2a, any ordinary dividends your child received. Irs tax form 1040ez This amount may include qualified dividends. Irs tax form 1040ez Qualified dividends are those dividends reported on Form 1040, line 9b, or Form 1040NR, line 10b, and are eligible for lower tax rates that apply to a net capital gain. Irs tax form 1040ez For detailed information about qualified dividends, see Publication 550. Irs tax form 1040ez   If your child received qualified dividends, the amount of these dividends that is added to your income must be reported on Form 1040, lines 9a and 9b, or Form 1040NR, lines 10a and 10b. Irs tax form 1040ez You do not include these dividends on Form 8814, line 12, or on line 21 of Form 1040 or Form 1040NR. Irs tax form 1040ez   Enter the child's qualified dividends on Form 8814, line 2b. Irs tax form 1040ez But do not include this amount on Form 1040, lines 9a and 9b, or Form 1040NR, lines 10a and 10b. Irs tax form 1040ez Instead, include the amount from Form 8814, line 9, on Form 1040, lines 9a and 9b, or Form 1040NR, lines 10a and 10b. Irs tax form 1040ez (The amount on Form 8814, line 9, may be less than the amount on Form 8814, line 2b, because lines 7 through 12 of the form divide the $2,000 base amount on Form 8814, line 5, between the child's qualified dividends, capital gain distributions, and other interest and dividend income, reducing each of those amounts. Irs tax form 1040ez ) Capital gain distributions. Irs tax form 1040ez   Enter on Form 8814, line 3, any capital gain distributions your child received. Irs tax form 1040ez The amount of these distributions that is added to your income must be reported on Schedule D (Form 1040), line 13, or, if you are not required to file Schedule D, on Form 1040, line 13, or Form 1040NR, line 14. Irs tax form 1040ez You do not include it on Form 8814, line 12, or on line 21 of Form 1040 or Form 1040NR. Irs tax form 1040ez   Include the amount from Form 8814, line 10, on Schedule D, line 13; Form 1040, line 13; or Form 1040NR, line 14, whichever applies. Irs tax form 1040ez (The amount on Form 8814, line 10, may be less than the amount on Form 8814, line 3, because lines 7 through 12 of the form divide the $2,000 base amount on Form 8814, line 5, between the child's qualified dividends, capital gain distributions, and other interest and dividend income, reducing each of those amounts. Irs tax form 1040ez ) Collectibles (28% rate) gain. Irs tax form 1040ez    If any of the child's capital gain distributions are reported on Form 1099-DIV as collectibles (28% rate) gain, you must determine how much to also include on line 4 of the 28% Rate Gain Worksheet, in the instructions for Schedule D, line 18. Irs tax form 1040ez Multiply the child's capital gain distribution included on Schedule D, line 13, by a fraction. Irs tax form 1040ez The numerator is the part of the child's total capital gain distribution that is collectibles (28% rate) gain. Irs tax form 1040ez The denominator is the child's total capital gain distribution. Irs tax form 1040ez Enter the result on line 4 of the 28% Rate Gain Worksheet. Irs tax form 1040ez Unrecaptured section 1250 gain. Irs tax form 1040ez   If any of the child's capital gain distributions are reported on Form 1099-DIV as unrecaptured section 1250 gain, you must determine how much to include on line 11 of the Unrecaptured Section 1250 Gain Worksheet in the instructions for Schedule D, line 19. Irs tax form 1040ez Multiply the child's capital gain distribution included on Schedule D, line 13, by a fraction. Irs tax form 1040ez The numerator is the part of the child's total capital gain distribution that is unrecaptured section 1250 gain. Irs tax form 1040ez The denominator is the child's total capital gain distribution. Irs tax form 1040ez Enter the result on the Unrecaptured Section 1250 Gain Worksheet, line 11. Irs tax form 1040ez Section 1202 gain. Irs tax form 1040ez   If any of the child's capital gain distributions are reported as section 1202 gain (gain on qualified small business stock) on Form 1099-DIV, part or all of that gain may be eligible for the section 1202 exclusion. Irs tax form 1040ez (For information about the exclusion, see chapter 4 of Publication 550. Irs tax form 1040ez ) To figure that part, multiply the child's capital gain distribution included on Schedule D, line 13, by a fraction. Irs tax form 1040ez The numerator is the part of the child's total capital gain distribution that is section 1202 gain. Irs tax form 1040ez The denominator is the child's total capital gain distribution. Irs tax form 1040ez Your section 1202 exclusion is generally 50% of the result, but may be subject to a limit. Irs tax form 1040ez In some cases, the exclusion is more than 50%. Irs tax form 1040ez See the instructions for Schedule D for details and information on how to report the exclusion amount. Irs tax form 1040ez Example. Irs tax form 1040ez Fred is 6 years old. Irs tax form 1040ez In 2013, he received dividend income of $2,100, which included $1,575 of ordinary dividends and a $525 capital gain distribution from a mutual fund. Irs tax form 1040ez (None of the distributions were reported on Form 1099-DIV as unrecaptured section 1250 gain, section 1202 gain, or collectibles (28% rate) gain. Irs tax form 1040ez ) All of the ordinary dividends are qualified dividends. Irs tax form 1040ez He has no other income and is not subject to backup withholding. Irs tax form 1040ez No estimated tax payments were made under his name and social security number. Irs tax form 1040ez Fred's parents elect to include Fred's income on their tax return instead of filing a return for him. Irs tax form 1040ez They figure the amount to report on Form 1040, lines 9a and 9b, the amount to report on their Schedule D, line 13, and the amount to report on Form 1040, line 21, as follows. Irs tax form 1040ez They leave lines 1a and 1b of Form 8814 blank because Fred does not have any interest income. Irs tax form 1040ez They enter his ordinary dividends of $1,575 on lines 2a and 2b because all of Fred's ordinary dividends are qualified dividends. Irs tax form 1040ez They enter the amount of Fred's capital gain distributions, $525, on line 3. Irs tax form 1040ez Next, they add the amounts on lines 1a, 2a, and 3 and enter the result, $2,100, on line 4. Irs tax form 1040ez They subtract the base amount on line 5, $2,000, from the amount on line 4, $2,100, and enter the result, $100, on line 6. Irs tax form 1040ez This is the total amount from Form 8814 to be reported on their return. Irs tax form 1040ez Next, they figure how much of this amount is qualified dividends and how much is capital gain distributions. Irs tax form 1040ez They divide the amount on line 2b, $1,575, by the amount on line 4, $2,100. Irs tax form 1040ez They enter the result, . Irs tax form 1040ez 75, on line 7. Irs tax form 1040ez They divide the amount on line 3, $525, by the amount on line 4, $2,100. Irs tax form 1040ez They enter the result, . Irs tax form 1040ez 25, on line 8. Irs tax form 1040ez They multiply the amount on line 6, $100, by the decimal on line 7, . Irs tax form 1040ez 75, and enter the result, $75, on line 9. Irs tax form 1040ez They multiply the amount on line 6, $100, by the decimal on line 8, . Irs tax form 1040ez 25, and enter the result, $25, on line 10. Irs tax form 1040ez They include the amount from line 9, $75, on lines 9a and 9b of their Form 1040 and enter “Form 8814 – $75” on the dotted lines next to lines 9a and 9b. Irs tax form 1040ez They include the amount from line 10, $25, on line 13 of their Schedule D (Form 1040) and enter “Form 8814 – $25” on the dotted line next to Schedule D, line 13. Irs tax form 1040ez They enter $100 ($75 + $25) on line 11 and -0- ($100 – $100) on line 12. Irs tax form 1040ez Because the amount on line 12 is -0-, they do not include any amount from Form 8814 on their Form 1040, line 21. Irs tax form 1040ez Figuring Additional Tax Use Form 8814, Part II, to figure the tax on the $2,000 of your child's interest and dividends that you do not include in your income. Irs tax form 1040ez This tax is added to the tax figured on your income. Irs tax form 1040ez This additional tax is the smaller of: 10% x (your child's gross income − $1,000), or $100. Irs tax form 1040ez Include the amount from line 15 of all your Forms 8814 in the total on Form 1040, line 44, or Form 1040NR, line 42. Irs tax form 1040ez Check box a on Form 1040, line 44, or Form 1040NR, line 42. Irs tax form 1040ez Tax for Certain Children Who Have Unearned Income If a child's interest, dividends, and other unearned income total more than $2,000, part of that income may be taxed at the parent's tax rate instead of the child's tax rate. Irs tax form 1040ez If the parent does not or cannot choose to include the child's income on the parent's return, use Form 8615 to figure the child's tax. Irs tax form 1040ez Attach the completed form to the child's Form 1040, Form 1040A, or Form 1040NR. Irs tax form 1040ez When Form 8615 must be filed. Irs tax form 1040ez   Form 8615 must be filed for a child if all of the following statements are true. Irs tax form 1040ez The child's unearned income was more than $2,000. Irs tax form 1040ez The child is required to file a return for 2013. Irs tax form 1040ez The child either: Was under age 18 at the end of the year, Was age 18 at the end of the year and did not have earned income that was more than half of his or her support, or Was over age 18 and under age 24 at the end of the year, was a full-time student, and did not have earned income that was more than half of his or her support. Irs tax form 1040ez At least one of the child's parents was alive at the end of 2013. Irs tax form 1040ez The child does not file a joint return for 2013. Irs tax form 1040ez These conditions are also shown in Figure 2. Irs tax form 1040ez Certain January 1 birthdays. Irs tax form 1040ez   Use the following chart to determine whether certain children with January 1 birthdays meet condition 3 under When Form 8615 must be filed. Irs tax form 1040ez IF a child was born on. Irs tax form 1040ez . Irs tax form 1040ez . Irs tax form 1040ez THEN, at the end of 2013, the child is considered to be. Irs tax form 1040ez . Irs tax form 1040ez . Irs tax form 1040ez January 1, 1996 18* January 1, 1995 19** January 1, 1990 24*** *This child is not under age 18. Irs tax form 1040ez The child meets condition 3 only if the child did not have earned income that was more than half of the child's support. Irs tax form 1040ez  **This child meets condition 3 only if the child was a full-time student who did not have earned income that was more than half of the child's support. Irs tax form 1040ez  ***Do not use Form 8615 for this child. Irs tax form 1040ez Figure 2. Irs tax form 1040ez Do You Have To Use Form 8615 To Figure Your Child's Tax? Please click here for the text description of the image. Irs tax form 1040ez Figure 2. Irs tax form 1040ez Do You Have To Use Form 8615 To Figure Your Child's Tax? Providing Parental Information (Form 8615, Lines A–C) On Form 8615, lines A and B, enter the parent's name and social security number. Irs tax form 1040ez (If the parents filed a joint return, enter the name and social security number listed first on the joint return. Irs tax form 1040ez ) On line C, check the box for the parent's filing status. Irs tax form 1040ez See Which Parent's Return To Use, earlier, for information on which parent's return information must be used on Form 8615. Irs tax form 1040ez Parent with different tax year. Irs tax form 1040ez   If the parent and the child do not have the same tax year, complete Form 8615 using the information on the parent's return for the tax year that ends in the child's tax year. Irs tax form 1040ez Example. Irs tax form 1040ez Kimberly must use her mother's tax and taxable income to complete her Form 8615 for calendar year 2013 (January 1 – December 31). Irs tax form 1040ez Kimberly's mother files her tax return on a fiscal year basis (July 1 – June 30). Irs tax form 1040ez Kimberly must use the information on her mother's return for the tax year ending June 30, 2013, to complete her 2013 Form 8615. Irs tax form 1040ez Parent's return information not known timely. Irs tax form 1040ez   If the information needed from the parent's return is not known by the time the child's return is due (usually April 15), you can file the return using estimates. Irs tax form 1040ez   You can use any reasonable estimate. Irs tax form 1040ez This includes using information from last year's return. Irs tax form 1040ez If you use an estimated amount on Form 8615, enter “Estimated” on the line next to the amount. Irs tax form 1040ez   When you get the correct information, file an amended return on Form 1040X, Amended U. Irs tax form 1040ez S. Irs tax form 1040ez Individual Income Tax Return. Irs tax form 1040ez Extension of time to file. Irs tax form 1040ez   Instead of using estimates, you can get an automatic 6-month extension of time to file if, by the date your return is due, you file Form 4868, Application for Automatic Extension of Time To File U. Irs tax form 1040ez S. Irs tax form 1040ez Individual Income Tax Return. Irs tax form 1040ez See the instructions for Form 4868 for details. Irs tax form 1040ez    An extension of time to file is not an extension of time to pay. Irs tax form 1040ez You must make an accurate estimate of the tax for 2013. Irs tax form 1040ez If you do not pay the full amount due by the regular due date, the child will owe interest and may also be charged penalties. Irs tax form 1040ez See Form 4868 and its instructions. Irs tax form 1040ez Parent's return information not available. Irs tax form 1040ez   If a child cannot get the required information about his or her parent's tax return, the child (or the child's legal representative) can request the necessary information from the Internal Revenue Service (IRS). Irs tax form 1040ez How to request. Irs tax form 1040ez   After the end of the tax year, send a signed, written request for the information to the Internal Revenue Service Center where the parent's return will be filed. Irs tax form 1040ez (The IRS cannot process a request received before the end of the tax year. Irs tax form 1040ez )    You should also consider getting an extension of time to file the child's return, because there may be a delay in getting the requested information. Irs tax form 1040ez   The request must contain all of the following. Irs tax form 1040ez A statement that you are making the request to comply with section 1(g) of the Internal Revenue Code and that you have tried to get the information from the parent. Irs tax form 1040ez Proof of the child's age (for example, a copy of the child's birth certificate). Irs tax form 1040ez Evidence the child has more than $2,000 of unearned income (for example, a copy of the child's prior year tax return or copies of Forms 1099 for the current year). Irs tax form 1040ez The name, address, social security number (if known), and filing status (if known) of the parent whose information is to be shown on Form 8615. Irs tax form 1040ez    A child's legal representative making the request should include a copy of his or her Power of Attorney, such as Form 2848, or proof of legal guardianship. Irs tax form 1040ez Step 1. Irs tax form 1040ez Figuring the Child's Net Unearned Income (Form 8615, Part I) The first step in figuring a child's tax using Form 8615 is to figure the child's net unearned income. Irs tax form 1040ez To do that, use Form 8615, Part I. Irs tax form 1040ez Line 1 (Unearned Income) If the child had no earned income, enter on this line the adjusted gross income shown on the child's return. Irs tax form 1040ez Adjusted gross income is shown on Form 1040, line 38; Form 1040A, line 22; or Form 1040NR, line 37. Irs tax form 1040ez Form 1040EZ and Form 1040NR-EZ cannot be used if Form 8615 must be filed. Irs tax form 1040ez If the child had earned income, figure the amount to enter on Form 8615, line 1, by using the worksheet in the instructions for the form. Irs tax form 1040ez However, use the following worksheet if: the child has excluded any foreign earned income, deducted a loss from self-employment, or has a net operating loss from another year. Irs tax form 1040ez Alternate Worksheet for Form 8615, Line 1 A. Irs tax form 1040ez Enter the amount from the child's Form 1040, line 22, or Form 1040NR, line 23   B. Irs tax form 1040ez Enter the total of any net loss  from self-employment, any net operating loss deduction, any foreign earned income exclusion, and any foreign housing exclusion from the child's Form 1040 or Form 1040NR. Irs tax form 1040ez Enter this total as a positive number (greater than zero)   C. Irs tax form 1040ez Add line A and line B and  enter the total   D. Irs tax form 1040ez Enter the child's earned income plus any amount from the child's Form 1040, line 30, or the child's Form 1040NR, line 30     Generally, the child's earned income is the total of the amounts reported on Form 1040, lines 7, 12, and 18 (if line 12 or 18 is a loss, use zero) or Form 1040NR, lines 8, 13, and 19 (if line 13 or 19 is a loss, use zero)   E. Irs tax form 1040ez Subtract line D from line C. Irs tax form 1040ez Enter the result here and on Form 8615, line 1   Unearned income defined. Irs tax form 1040ez   Unearned income is generally all income other than salaries, wages, and other amounts received as pay for work actually performed. Irs tax form 1040ez It includes taxable interest, dividends, capital gains (including capital gain distributions), the taxable part of social security and pension payments, certain distributions from trusts, and unemployment compensation. Irs tax form 1040ez Unearned income includes amounts produced by assets the child obtained with earned income (such as interest on a savings account into which the child deposited wages). Irs tax form 1040ez Nontaxable income. Irs tax form 1040ez   For this purpose, unearned income includes only amounts the child must include in gross income. Irs tax form 1040ez Nontaxable unearned income, such as tax-exempt interest and the nontaxable part of social security and pension payments, is not included. Irs tax form 1040ez Capital loss. Irs tax form 1040ez   A child's capital losses are taken into account in figuring the child's unearned income. Irs tax form 1040ez Capital losses are first applied against capital gains. Irs tax form 1040ez If the capital losses are more than the capital gains, the difference (up to $3,000) is subtracted from the child's interest, dividends, and other unearned income. Irs tax form 1040ez Any difference over $3,000 is carried to the next year. Irs tax form 1040ez Income from property received as a gift. Irs tax form 1040ez   A child's unearned income includes all income produced by property belonging to the child. Irs tax form 1040ez This is true even if the property was transferred to the child, regardless of when the property was transferred or purchased or who transferred it. Irs tax form 1040ez   A child's unearned income includes income produced by property given as a gift to the child. Irs tax form 1040ez This includes gifts to the child from grandparents or any other person and gifts made under the Uniform Gift to Minors Act. Irs tax form 1040ez Example. Irs tax form 1040ez Amanda Black, age 13, received the following income. Irs tax form 1040ez Dividends—$800 Wages—$2,100 Taxable interest—$1,200 Tax-exempt interest—$100 Capital gains—$300 Capital losses—($200) The dividends were qualified dividends on stock given to her by her grandparents. Irs tax form 1040ez Amanda's unearned income is $2,100. Irs tax form 1040ez This is the total of the dividends ($800), taxable interest ($1,200), and capital gains reduced by capital losses ($300 − $200 = $100). Irs tax form 1040ez Her wages are earned (not unearned) income because they are received for work actually performed. Irs tax form 1040ez Her tax-exempt interest is not included because it is nontaxable. Irs tax form 1040ez Trust income. Irs tax form 1040ez   If a child is the beneficiary of a trust, distributions of taxable interest, dividends, capital gains, and other unearned income from the trust are unearned income to the child. Irs tax form 1040ez   However, taxable distributions from a qualified disability trust are considered earned income for the purposes of completing Form 8615. Irs tax form 1040ez See the Form 8615 instructions for details. Irs tax form 1040ez Adjustment to income. Irs tax form 1040ez   In figuring the amount to enter on line 1, the child's unearned income is reduced by any penalty on the early withdrawal of savings. Irs tax form 1040ez Line 2 (Deductions) If the child does not itemize deductions on Schedule A (Form 1040 or Form 1040NR), enter $2,000 on line 2. Irs tax form 1040ez If the child itemizes deductions, enter on line 2 the larger of: $1,000 plus the portion of the child's itemized deductions on Schedule A (Form 1040), line 29 (or Schedule A (Form 1040NR), line 15), that are directly connected with the production of the unearned income entered on line 1, or $2,000. Irs tax form 1040ez Directly connected. Irs tax form 1040ez   Itemized deductions are directly connected with the production of unearned income if they are for expenses paid to produce or collect taxable income or to manage, conserve, or maintain property held for producing income. Irs tax form 1040ez These expenses include custodian fees and service charges, service fees to collect taxable interest and dividends, and certain investment counsel fees. Irs tax form 1040ez    These expenses are added to certain other miscellaneous itemized deductions on Schedule A (Form 1040). Irs tax form 1040ez Only the amount greater than 2% of the child's adjusted gross income can be deducted. Irs tax form 1040ez See Publication 529, Miscellaneous Deductions, for more information. Irs tax form 1040ez Example 1. Irs tax form 1040ez Roger, age 12, has unearned income of $8,000, no other income, no adjustments to income, and itemized deductions of $300 (net of the 2%-of-adjusted-gross-income limit) that are directly connected with his unearned income. Irs tax form 1040ez His adjusted gross income is $8,000, which is entered on Form 1040, line 38, and on Form 8615, line 1. Irs tax form 1040ez Roger enters $2,000 on line 2 because that is more than the total of $1,000 plus his directly-connected itemized deductions of $300. Irs tax form 1040ez Example 2. Irs tax form 1040ez Eleanor, age 8, has unearned income of $16,000 and an early withdrawal penalty of $100. Irs tax form 1040ez She has no other income. Irs tax form 1040ez She has itemized deductions of $1,050 (net of the 2%-of-adjusted-gross-income limit) that are directly connected with the production of her unearned income. Irs tax form 1040ez Her adjusted gross income, entered on line 1, is $15,900 ($16,000 − $100). Irs tax form 1040ez The amount on line 2 is $2,050. Irs tax form 1040ez This is the larger of: $1,000 plus the $1,050 of directly connected itemized deductions, or $2,000. Irs tax form 1040ez Line 3 Subtract line 2 from line 1 and enter the result on this line. Irs tax form 1040ez If zero or less, do not complete the rest of the form. Irs tax form 1040ez However, you must still attach Form 8615 to the child's tax return. Irs tax form 1040ez Figure the tax on the child's taxable income in the normal manner. Irs tax form 1040ez Line 4 (Child's Taxable Income) Enter on line 4 the child's taxable income from Form 1040, line 43; Form 1040A, line 27; or Form 1040NR, line 41. Irs tax form 1040ez Child files Form 2555 or 2555-EZ. Irs tax form 1040ez   If the child files Form 2555 or 2555-EZ to claim the foreign earned income exclusion, housing exclusion, or housing deduction, the Foreign Earned Income Tax Worksheet (in the Form 1040 instructions) is used to figure the child's tax. Irs tax form 1040ez Enter the amount from line 3 of the Foreign Earned Income Tax Worksheet as the child's taxable income on Form 8615, line 4. Irs tax form 1040ez Line 5 (Net Unearned Income) A child's net unearned income cannot be more than his or her taxable income. Irs tax form 1040ez Enter on Form 8615, line 5, the smaller of line 3 or line 4. Irs tax form 1040ez This is the child's net unearned income. Irs tax form 1040ez If zero or less, do not complete the rest of the form. Irs tax form 1040ez However, you must still attach Form 8615 to the child's tax return. Irs tax form 1040ez Figure the tax on the child's taxable income in the normal manner. Irs tax form 1040ez Step 2. Irs tax form 1040ez Figuring a Tentative Tax at the Parent's Tax Rate (Form 8615, Part II) The next step in completing Form 8615 is to figure a tentative tax on the child's net unearned income at the parent's tax rate. Irs tax form 1040ez The tentative tax at the parent's tax rate is the difference between the tax on the parent's taxable income figured with the child's net unearned income (plus the net unearned income of any other child whose Form 8615 includes the tax return information of that parent) and the tax figured without it. Irs tax form 1040ez When figuring the tentative tax at the parent's tax rate on Form 8615, do not refigure any of the exclusions, deductions, or credits on the parent's return because of the child's net unearned income. Irs tax form 1040ez For example, do not refigure the medical expense deduction. Irs tax form 1040ez Figure the tentative tax on Form 8615, lines 6 through 13. Irs tax form 1040ez Line 6 (Parent's Taxable Income) Enter on line 6 the amount from the parent's Form 1040, line 43; Form 1040A, line 27; Form 1040EZ, line 6; Form 1040NR, line 41; or Form 1040NR-EZ, line 14. Irs tax form 1040ez If the parent's taxable income is zero or less, enter zero on line 6. Irs tax form 1040ez Parent files Form 2555 or 2555-EZ. Irs tax form 1040ez   If the parent files Form 2555 or 2555-EZ to claim the foreign earned income exclusion, housing exclusion, or housing deduction, the Foreign Earned Income Tax Worksheet in the Form 1040 instructions is used to figure the parent's tax. Irs tax form 1040ez Enter the amount from line 3 of the Foreign Earned Income Tax Worksheet as the parent's taxable income, on line 6 of Form 8615. Irs tax form 1040ez Line 7 (Net Unearned Income of Other Children) If the tax return information of the parent is also used on any other child's Form 8615, enter on line 7 the total of the amounts from line 5 of all the other children's Forms 8615. Irs tax form 1040ez Do not include the amount from line 5 of the Form 8615 being completed. Irs tax form 1040ez (The term “other child” means any other child whose Form 8615 uses the tax information of the parent identified on Lines A and B of Form 8615. Irs tax form 1040ez ) Example. Irs tax form 1040ez Paul and Jane Persimmon have three children, Sharon, Jerry, and Mike, who must attach Form 8615 to their tax returns. Irs tax form 1040ez The children's net unearned income amounts on line 5 of their Forms 8615 are: Sharon—$800 Jerry—$600 Mike—$1,000 Line 7 of Sharon's Form 8615 will show $1,600, the total of the amounts on line 5 of Jerry's and Mike's Forms 8615. Irs tax form 1040ez Line 7 of Jerry's Form 8615 will show $1,800 ($800 + $1,000). Irs tax form 1040ez Line 7 of Mike's Form 8615 will show $1,400 ($800 + $600). Irs tax form 1040ez Other children's information not available. Irs tax form 1040ez   If the net unearned income of the other children is not available when the return is due, either file the return using estimates or get an extension of time to file. Irs tax form 1040ez Estimates and extensions are discussed earlier under Providing Parental Information (Form 8615, Lines A–C) . Irs tax form 1040ez Line 8 (Parent's Taxable Income Plus Children's Net Unearned Income) Enter on this line the total of lines 5, 6, and 7. Irs tax form 1040ez You must determine the amount of net capital gain and qualified dividends included on this line before completing Form 8615, line 9. Irs tax form 1040ez Net capital gain. Irs tax form 1040ez   Net capital gain is the smaller of the gain, if any, on Schedule D (Form 1040), line 15, or the gain, if any, on Schedule D, line 16. Irs tax form 1040ez If Schedule D is not required, it is the amount on Form 1040, line 13; Form 1040A, line 10; or Form 1040NR, line 14. Irs tax form 1040ez Qualified dividends. Irs tax form 1040ez   Qualified dividends are those dividends reported on line 9b of Form 1040 or Form 1040A, or line 10b of Form 1040NR. Irs tax form 1040ez Net capital gain and qualified dividends on line 8. Irs tax form 1040ez   If neither the child, nor the parent, nor any other child has net capital gain, the net capital gain on line 8 is zero. Irs tax form 1040ez   If neither the child, nor the parent, nor any other child has qualified dividends, the amount of qualified dividends on line 8 is zero. Irs tax form 1040ez   If the child, parent, or any other child has net capital gain, figure the amount of net capital gain included on line 8 by adding together the net capital gain amounts included on lines 5, 6, and 7 of Form 8615. Irs tax form 1040ez   If the child, parent, or any other child has qualified dividends, figure the amount of qualified dividends included on line 8 by adding together the qualified dividend amounts included on lines 5, 6, and 7. Irs tax form 1040ez   Use the instructions for Form 8615, line 8, including the appropriate Line 5 Worksheet, to find these amounts. Irs tax form 1040ez See the instructions for Form 8615 for more details. Irs tax form 1040ez Note. Irs tax form 1040ez The amount of any net capital gain or qualified dividends is not separately reported on line 8. Irs tax form 1040ez It is  needed, however, when figuring the tax on line 9. Irs tax form 1040ez Line 9 (Tax on Parent's Taxable Income Plus Children's Net Unearned Income) Figure the tax on the amount on line 8 using the Tax Table, the Tax Computation Worksheet, the Qualified Dividends and Capital Gain Tax Worksheet (in the Form 1040, 1040A, or 1040NR instructions), the Schedule D Tax Worksheet (in the Schedule D instructions), or Schedule J (Form 1040), as follows. Irs tax form 1040ez If line 8 does not include any net capital gain or qualified dividends, use the Tax Table or Tax Computation Worksheet to figure this tax. Irs tax form 1040ez But if Schedule J, Income Averaging for Farmers and Fishermen, is used to figure the tax on the parent's return, use it to figure this tax. Irs tax form 1040ez If line 8 includes any net capital gain or qualified dividends, use the Qualified Dividends and Capital Gain Tax Worksheet to figure this tax. Irs tax form 1040ez For details, see the instructions for Form 8615, line 9. Irs tax form 1040ez However, if the child, parent, or any other child has 28% rate gain or unrecaptured section 1250 gain, use the Schedule D Tax Worksheet. Irs tax form 1040ez But if Schedule J is used to figure the tax on the parent's return, use it to figure this tax. Irs tax form 1040ez Child files Form 2555 or 2555-EZ. Irs tax form 1040ez   If line 8 includes any net capital gain or qualified dividends and the child, or any other child filing Form 8615, also files Form 2555 or 2555-EZ, use Using the Schedule D Tax Worksheet for line 9 tax, next, to figure the line 9 tax. Irs tax form 1040ez Using the Schedule D Tax Worksheet for line 9 tax. Irs tax form 1040ez    Use the Schedule D Tax Worksheet (in the Schedule D instructions) to figure the line 9 tax on Form 8615 if the child, parent, or any other child has unrecaptured section 1250 gain or 28% rate gain. Irs tax form 1040ez If you must use the Schedule D Tax Worksheet, first complete any Schedule D and any actual Schedule D Tax Worksheet required for the child, parent, or any other child. Irs tax form 1040ez Then figure the line 9 tax using another Schedule D Tax Worksheet. Irs tax form 1040ez (Do not attach this Schedule D Tax Worksheet to the child's return. Irs tax form 1040ez )   Complete this Schedule D Tax Worksheet as follows. Irs tax form 1040ez On line 1, enter the amount from Form 8615, line 8. Irs tax form 1040ez On line 2, enter the qualified dividends included on Form 8615, line 8. Irs tax form 1040ez (See the earlier discussion for line 8. Irs tax form 1040ez ) On line 3, enter the total of the amounts, if any, on line 4g of all Forms 4952 filed by the child, parent, or any other child. Irs tax form 1040ez On line 4, enter the total of the amounts, if any, on line 4e of all Forms 4952 filed by the child, parent, or any other child. Irs tax form 1040ez If applicable, include instead the smaller amount entered on the dotted line next to line 4e. Irs tax form 1040ez On lines 5 and 6, follow the worksheet instructions. Irs tax form 1040ez On line 7, enter the net capital gain included on Form 8615, line 8. Irs tax form 1040ez (See the earlier discussion for line 8. Irs tax form 1040ez ) On lines 8 through 10, follow the worksheet instructions. Irs tax form 1040ez On line 11, enter zero if neither the child, nor the parent, nor any other child has unrecaptured section 1250 gain (Schedule D, line 19) or 28% rate gain (Schedule D, line 18). Irs tax form 1040ez Otherwise, enter the amount of unrecaptured section 1250 gain and 28% rate gain included in the net capital gain on line 8 of Form 8615. Irs tax form 1040ez Figure these amounts as explained later under Figuring unrecaptured section 1250 gain (line 11) and Figuring 28% rate gain (line 11). Irs tax form 1040ez If the Foreign Earned Income Tax Worksheet was used to figure the parent's tax or the tax of any child, go to step 10 below. Irs tax form 1040ez Otherwise, skip steps 10, 11, and 12 below, and go to step 13. Irs tax form 1040ez Determine whether there is a line 8 capital gain excess as follows. Irs tax form 1040ez Add the amounts on line 2 of all Foreign Earned Income Tax Worksheets completed by the parent or any child for whom Form 8615 is filed. Irs tax form 1040ez (But for each child do not add more than the excess, if any, of the amount on line 5 of the child's Form 8615 over the child's taxable income on Form 1040, line 43; Form 1040A, line 27; or Form 1040NR, line 41. Irs tax form 1040ez ) Subtract (a) from the amount on line 1 of this Schedule D Tax Worksheet. Irs tax form 1040ez Subtract (b) from the amount on line 10 of this Schedule D Tax Worksheet. Irs tax form 1040ez If the result is more than zero, that amount is the line 8 capital gain excess. Irs tax form 1040ez If the result is zero or less, there is no line 8 capital gain excess. Irs tax form 1040ez If there is no line 8 capital gain excess, skip step 12 below and go to step 13. Irs tax form 1040ez If there is a line 8 capital gain excess, complete a second Schedule D Tax Worksheet as instructed above and in step 13, but in its entirety and with the following additional modifications. Irs tax form 1040ez (These modifications are to be made only for purposes of filling out this additional Schedule D Tax Worksheet. Irs tax form 1040ez ) Reduce the amount you would otherwise enter on line 9 (but not below zero) by the line 8 capital gain excess. Irs tax form 1040ez Reduce the amount you would otherwise enter on line 6 (but not below zero) by any of the line 8 capital gain excess not used in (a) above. Irs tax form 1040ez If the child, parent, or any other child has 28% rate gain, reduce the amount you would otherwise enter on line 8 of Worksheet 1 for Line 11 of the Schedule D Tax Worksheet – 28% Rate Gain (Line 9 Tax), shown later, (but not below zero) by the line 8 capital gain excess, and refigure the amount on line 11 of this Schedule D Tax Worksheet. Irs tax form 1040ez If the child, parent, or any other child has unrecaptured section 1250 gain, reduce the amount you would otherwise enter on line 8 of Worksheet 2 for Line 11 of the Schedule D Tax Worksheet – Unrecaptured Section 1250 Gain (Line 9 Tax) (but not below zero) by the line 8 capital gain excess not used in 12(c), and refigure the amount on line 11 of this Schedule D Tax Worksheet. Irs tax form 1040ez Complete lines 12 through 45 following the worksheet instructions. Irs tax form 1040ez Use the parent's filing status to complete lines 15, 42, and 44. Irs tax form 1040ez Enter the amount from line 45 of this Schedule D Tax Worksheet on Form 8615, line 9, and check the box on that line