The EIC benefits working people who have low to moderate incomes by lowering their tax burden. If you or your spouse cannot be claimed by someone else, you do not have to fill out this form.įigure out if you are eligible for the Earned Income Credit. This will tell you what to enter on line 5. If you or your spouse can be claimed on someone else's taxes, complete the worksheet on the back of the form (if you received a pre-printed form) or on page 2 of the form (if you downloaded the form).If neither you nor your spouse (if applicable) can be claimed as a dependent on someone else’s tax return, enter the appropriate amount stated in the shaded area on line 5.government agency in charge of managing the Federal Tax Code Go to source X Trustworthy Source Internal Revenue Service U.S. For 2014, the standard deduction for a single person was $10,150 and the deduction for a married couple filing jointly was $20,300.If you are not claimed as a dependent, follow the instructions and write the dollar amount associated with your filing status (single or married filing jointly), as described on that line of the form. You couldn’t itemize your deductions on form 1040-A, but you could only claim a limited number of tax credits, including the child tax credit, education credits, earned income credit, credit for child and dependent care expenses, credit for the elderly or the disabled and the American Opportunity Credit.Enter your personal and standard deductions on line 5. Unlike on form 1040EZ, you could use form 1040-A to claim certain “above the line” adjustments, including educators expenses, IRA deductions, student loan interest deductions, and tuition and fees deductions (above-the-line deductions are those you can claim even if you don’t itemize your deductions).

You used to be able to file a form 1040-A if your taxable income from the same kinds of income as you’d claim on form 1040EZ plus interest and dividends, capital gain distributions, IRA distributions, distributions from pensions and annuities, and taxable Social Security and Railroad Retirement Benefits was less than $100,000. The old form 1040-A was a compromise between the form 1040 and the form 1040EZ.

Tax form 1040ez printable