.....WTF?!... IMHO: APPARENTLY, THERE IS STILL THE USUAL MESS OF PAPERWORK , (ADDITIONAL SCHEDULES: "A, B, C, D,...ETC.), PLUS THESE 6 NEW ONES!!! THANKS FOR MAKING IT AL SO MUCH SIMPLER!!!!....
Your explanation helped me greatly. Thank you. Just as comment for the 'simplification' - this is a nightmare. I thought the original 1040 was confusing.
I love how the government said years ago they will make taxes simple.. Yeah sure they just made it worse.. For the first time I went to a tax place and glad I did..
THIS! I decided I wasn't going to wait till the last second to do mine. I HATE doing taxes. Mine SHOULD be easy. No more EZ form...what? That's when I decided I needed help. Wow. And yes, I'm glad I did, too. It was actually amazing to watch the tax preparer "in action". He was doing seemingly effortlessly. My goal is to attempt to learn how to do the form by NEXT year.
This new TCJA is screwing the middle class. The tax rate may be slightly lower but even with the little tax home pay increase I still got back less in my refund. My refund is almost $4,000 less because I lost my three personal exemptions ($4,040 per person) that lowered my taxable income. I also got to itemize in 2017 and can’t in 2018. I can’t claim my job and over 2% miscellaneous expenses because Trump eliminated that. You can’t claim medical expenses unless it’s over 10%of your AGI. I also can’t claim any education credits lifetime or AOC because I made just slightly over the limit and I’m paying a lot in tuition. Yet he raised the child tax credit income limit for people earning way more than me. I don’t have any children under 17. The dependent credit is non refundable and only reduces your tax liability by $500. It’s awful! Your refund shouldn’t go down almost 50% that’s ridiculous!
I know this video is older but I am hoping you could help me..please. Where do you put a schedule C income on this new form? I can't find anywhere to add my Doordash income. Thank you for your help.
I would prefer having the 1040 schedule a and schedule B and be through with it. Taking something bigger and putting it into a whole bunch of little cards does not make the product smaller in terms of work required. It just confuses people to have to learn something different. I realize a small percent of people actually complete their own tax forms and submit them but I am in that small group of people and have been for 44 years. I don't trust someone else doing my taxes and I'm intelligent enough to do them myself. I don't believe through Visions are going to help out my family in any way. They may have increased the standard deduction for married filing jointly to $24,000 but they took away the exemptions that lowered the income to begin with. Since I itemize I'll still be coming up with over $24,000 worth of deductions as I have most years but now it will be without the exemptions.
@@RadicalforGod I have a few aces up my sleeve it tells me that I was still get a good size tax refund. Maybe not as good as I've been getting but I do have a few things going for me. First I definitely have enough to itemize and come out with perhaps at least $35,000 worth of deductions. Our medical has always exceeded $20,000 even after the 7.5% that you must exceed this year. I realized it goes up to 10% next year but I pay over $10,000 just in health insurance premiums. My property tax and Texas sales tax since we have no income tax here will be more than the $10,000 that I can subtract but here's my Ace in the Hole. I went to the casino twice in 2018 and won 8 jackpots ranging from $1,200 to $6,600 and 28% of that was taken out for taxes. That is a significantly higher tax bracket than we usually end up in. Then they may have done away with miscellaneous work-related expenses but they did not do away with being able to deduct losses from gambling. Well I can't stand success so I went there with a fair amount of money spend all of it went to the ATM took out more money before I won my first jackpot and then I spent money from the jackpot and you use it to win the second jackpot so as I was winning I was still losing so I may have made it home with a couple of thousand dollars each time but I would have been smarter when I won a $6,000 jackpot if I had just got up and left. Yes I have to claim all of my winnings of jackpots as income but if you take away the losses and the amount of taxes that I paid in addition to my retirement income taxes it gets me into the refund area and the icing on the cake is that we are raising two grandsons so we will have $4,000 subtracted from any taxes we may owe and if we don't owe any that's 4,000 additional that we would get back. We both turned 65 in 2018 and of course you get no benefit from that unless you can itemize and we will be itemizing. so I can count on a refund. but that may not be the case next year other than we will still get the $4,000 for raising our grandkids I don't have any current plans for going to the casino. I can't understand why I win so many jackpots. But the money from some of the jackpots did help me pay my property tax. Being a civil service retiree and having already paid tax on all the money that I put into the retirement system as did my husband we also get to subtract approximately $2,000 for each of us from what we've received to come up with our taxable income. I am currently waiting on my refund from my 2015 taxes for approximately $8,000 and I need to file 2016 and 2017 both of which I know I will be getting refunds. You can file your taxes up to 3 years late if you know you're getting a refund but I need to get all of them submitted so that I can get 2018 and on time because I'm tired of being late. and I definitely don't want to be late in a year that I don't know if I'm getting a refund or not. I do all of this by hand which means it takes longer to get a refund and my 2015 taxes set in Austin Texas doing nothing during the government shutdown. it's kind of scary to think that I could have four years of income taxes going through the system at the same time. I figured something will go wrong. but I asked Nate that we will get somewhere between $3,000 and $5,000 back depending on the tax tables which I am not very knowledgeable of.
I agree the form is very confusing this year. Most people will just put their tax from the tax table in the instructions for form 1040 on line 11 and not use schedule 2 at all. You don't need schedule 2 unless you have to pay one of the taxes that are on that schedule.
losthorizons.com Navigate to the bulletin board and make sure you soak it all in. I received my first victory for 2017 and got everything back from my federal filing. Good luck.
if you make below 54.000 there is a VITA Volunteer in Tax Assistance irs.treasury.gov/freetaxprep/jsp/vita.jsp?zip=93010&lat=34.2330908&lng=-119.08090119999997&radius=10
Getting technical. If this taxpayer paid over half the cost of keeping up a home in which he and his dependent also lived for more than half of the year (with some exceptions), then the correct filing status is head of household, which results in a standard deduction of $18,000, the use of a different tax table, and a bigger refund. Otherwise the correct filing status is single.
I’m completely confused. I’ve always done the 1040ez. Now I can’t. My income was 31600. My tax paid was 3288. I’m suppose to pay 2165 According to the tax table. I can’t figure out what line on page 2 to put the Tax owed ? Line 11 ? Also am I suppose to pay one rate for the first 10,000 And a higher rate for the next 9600 ? I subtracted 12000 SD from my gross 31600. Thx.
I feel for you folks that are used to using the 1040EZ. That form doesn't exist anymore. The only choice now is the 1040. Since a picture is worth 1000 words here it is. www.pdftax.com/Returns2018/HMB.PNG The lower rate on the first 10,000 is included in the tax table, so it's 2165 for the single filing status.
If you looked up your income on the tax table under the column that you belong to such as if you are single you would look under that column and you would find out how much your total tax is. To make it simple if it says your total tax is $2,000 but you paid $3,000 in taxes then you should have a $1,000 a refund coming. The mystery is going to be where to put the numbers. Which would probably be on form 1040. Using the table is about the easiest thing that you'll be doing.
No much really. Everything just got rearranged on the form. But the tax rates and several other things changed. There's no more personal exemptions. The standard deduction increased for most people. Several changes to itemized deductions.
Plenty changed; instead of the old form 1040, the new 1040 is two short pages, as you see. The first page is a "who are you?" page and sign your name; the second short page is nothing more than a "summary" page of important figures that used to be on the old form 1040, along with whether you can figure a refund or whether you owe taxes. But the real kicker is NOW, there are FIVE additional schedules (which address most of the stuff the USED to be on form 1040, to get you to process those summary figures, I mentioned earlier. So, in a sense, you are right...it is "chopped up." Some schedules will possibly affect you, and you will have to fill them out to come up with those "summary figures" I mentioned earlier. I found it to be a nightmare.
The new 2018 1040 sucks because now I have to get other forms to add to the 1040 instead of having everything that I needed right there on the form. I'm now trying to find PDF's of schedule 1 forms for 2019 and 2018, emailing them to a niece who has a printer and her having to bring them to me to fill out to add to my 1040. It's a hassle that I never had before and it'll take me four times longer to do my taxes now.
Thank you! Do I need an accountant for filling this out? I just need to know where the figures go on the State and Federal. What is a negative number on the k-1 mean as far as inheritance income?
Many factors other than just income for this. Take a look page 9 in these instructions. www.irs.gov/pub/irs-pdf/i1040gi.pdf And yes social security needs to be reported, but may not necessarily be taxable depending on your other income.
Yes. That's right. The IRS changed things a bit for the final version. The tax now goes on page 2 of 1040. Here's an updated video. ruclips.net/video/xwUoUKiuwks/видео.html
You forgot to do the Obamacare tax!! Did this person have health insurance, because if he didn't he is gonna owe at least $1,000!! Please do another video with the new updated forms that are now available!!!
@g quin I'm doing my taxes now for 2018 and have the current paperwork and the pdfs of all the instructions!! Guess what, you idiot??!!! THE OBAMACARE TAX WON'T BE GONE UNTIL 2019!!! I KNOW BECAUSE MY HUSBAND WILL HAVE TO PAY $695 FOR NOT HAVING HEALTH INSURANCE!! THAT IS STILL CHEAPER THAN ACTUALLY HAVING A USELESS HEALTH INSURANCE COVERAGE THAT HAS A $5,000 DEDUCTIBLE AND HE WOULD HAVE PAID $60.02 PER WEEK, $260 PER MONTH FOR IT!!! THAT WOULD HAVE BEEN $3,120 OF PREMIUMS!! I'VE BEEN DOING OUR TAXES FOR OVER TEN YEARS!!! SO, YOU BETTER BE BETTER INFORMED!!! I'M NOT A "DROP OUT"!! I GRADUATED HIGH SCHOOL IN 1994, #5 IN MY CLASS OF ABOUT 137 SENIORS, WITH HONORS, MIGHT I ADD!!! SO GO AWAY!!!
@Alma Heraldez. Thanks for your comments. Point taken. If the taxpayer has full year health coverage there is no Obamacare tax. I've deleted the previous comment which was pretty unnecessary. Also here's a link to the video you requested using the final forms. Please let us know if you'd like to see any others. They're pretty easy to make. ruclips.net/video/xwUoUKiuwks/видео.html
@@pdftax8031 Thank you!! Right now I'm double-checking the instructions to form 8965 to figure the tax for my husband having no health insurance!! This is stupid because that $5,000 deductible is outrageous!!! He did go to the doctor, the chiropractor in 2018, but when we add it all up, it was barely $2,000!! And that's because the chiropractor was a little over $1,500!! That was the first time he was at a chiropractor. In other years we don't even get to $200 in doctors bills for him!!! So, yes, for us it was cheaper to just pay the stupid fine than to get that useless health insurance!!!
@@soulh4838 I did a silent return over the last 3 years and didn't have to pay the Obamacare fine at all. I just left out the info on health insurance. they know they are scamming us and that fine cant be enforced because it's unconstitutional. it's a law with no teeth and I refuse to pay them for refusing a service that I didn't want.
@@godrulztheearth That's great, but the way the instructions were, it was not possible. The good thing is that in 2014, my husband's "fine" was only about $93 because he didn't have health insurance for about 4 months. But when I did a calculation of how much he paid for the "health insurance" those few months that he did have it, IT WAS MORE THAN $800!!! It would have been cheaper to pay the fine because HE NEVER USED THE STUPID "COVERAGE" AT ALL, PLUS WE WERE OUT OF THAT MONEY THAT COULD HAVE BEEN USED TO PAY DOWN SOME DEBT!! In 2015, 2016, and 2017 he made under $39,000, which was good because he got to use an exemption. But this year he made a little over $45,000. He had to pay $695, but it was deducted from the refund. But calculating how much it would have cost to get health insurance, it would have been over $3,000!!! I didn't want to do a "silent return" because there is no such thing and I'd rather do things right and not have the IRS breathing down our throats!! Besides, this is the LAST YEAR for this stupid "fine"!!
I am sorry. I am confuse, in this particular example she is Head of House, she has a daughter, shouldn't be $18,000 the standard deduction? help please
no its not free. and the point is to not give intuit money so that they can make doing your taxes more complicated as they are lobbyist on capital hill. they want to make it complicated so that you go to h&r block or turbotax. i just looked it up and thats why i want to learn to do my taxes manually
If this taxpayer paid over half the cost of keeping up a home in which he and his dependent also lived for more than half of the year (with some exceptions), then the correct filing status is head of household, which results in a standard deduction of $18,000, the use of a different tax table, and a bigger refund. Otherwise the correct filing status is single.
.....WTF?!... IMHO: APPARENTLY, THERE IS STILL THE USUAL MESS OF PAPERWORK , (ADDITIONAL SCHEDULES: "A, B, C, D,...ETC.), PLUS THESE 6 NEW ONES!!! THANKS FOR MAKING IT AL SO MUCH SIMPLER!!!!....
Your explanation helped me greatly. Thank you. Just as comment for the 'simplification' - this is a nightmare. I thought the original 1040 was confusing.
I love how the government said years ago they will make taxes simple.. Yeah sure they just made it worse.. For the first time I went to a tax place and glad I did..
THIS! I decided I wasn't going to wait till the last second to do mine. I HATE doing taxes. Mine SHOULD be easy. No more EZ form...what? That's when I decided I needed help. Wow. And yes, I'm glad I did, too. It was actually amazing to watch the tax preparer "in action". He was doing seemingly effortlessly. My goal is to attempt to learn how to do the form by NEXT year.
The government didn't, Trump did.
@@harryeichelberger4799 that's not true! Congress more specifically many democrats derailed Trump's effort to simply things
For accountants, I'd say it's simpler. So many "fringe" credits and above-the-line deductions were eliminated, at least through 2025.
Harry Eichelberger who do you think Trump is
Thank you so much! You really helped me filing my late taxes!!
This new TCJA is screwing the middle class. The tax rate may be slightly lower but even with the little tax home pay increase I still got back less in my refund. My refund is almost $4,000 less because I lost my three personal exemptions ($4,040 per person) that lowered my taxable income.
I also got to itemize in 2017 and can’t in 2018. I can’t claim my job and over 2% miscellaneous expenses because Trump eliminated that. You can’t claim medical expenses unless it’s over 10%of your AGI.
I also can’t claim any education credits lifetime or AOC because I made just slightly over the limit and I’m paying a lot in tuition.
Yet he raised the child tax credit income limit for people earning way more than me. I don’t have any children under 17.
The dependent credit is non refundable and only reduces your tax liability by $500.
It’s awful! Your refund shouldn’t go down almost 50% that’s ridiculous!
Thanks for showing how the new system works.
Very nice of you.
Do you add 1099-INT and 1099-DIV to wages, tips and other compensation? I'd refer back to my book, but the site is down
I know this video is older but I am hoping you could help me..please. Where do you put a schedule C income on this new form? I can't find anywhere to add my Doordash income. Thank you for your help.
Schedule 1 line 3 for 2021.
I really think the 1040 EZ did not get any easier.
There is no 1040EZ for 2018 taxes. Everyone has to use the form 1040.
Celia Gorleski No shit!
I would prefer having the 1040 schedule a and schedule B and be through with it. Taking something bigger and putting it into a whole bunch of little cards does not make the product smaller in terms of work required. It just confuses people to have to learn something different. I realize a small percent of people actually complete their own tax forms and submit them but I am in that small group of people and have been for 44 years. I don't trust someone else doing my taxes and I'm intelligent enough to do them myself. I don't believe through Visions are going to help out my family in any way. They may have increased the standard deduction for married filing jointly to $24,000 but they took away the exemptions that lowered the income to begin with. Since I itemize I'll still be coming up with over $24,000 worth of deductions as I have most years but now it will be without the exemptions.
Celia Gorleski exactly you’re taking a loss. You will be paying more taxes.
@@RadicalforGod I have a few aces up my sleeve it tells me that I was still get a good size tax refund. Maybe not as good as I've been getting but I do have a few things going for me. First I definitely have enough to itemize and come out with perhaps at least $35,000 worth of deductions. Our medical has always exceeded $20,000 even after the 7.5% that you must exceed this year. I realized it goes up to 10% next year but I pay over $10,000 just in health insurance premiums. My property tax and Texas sales tax since we have no income tax here will be more than the $10,000 that I can subtract but here's my Ace in the Hole. I went to the casino twice in 2018 and won 8 jackpots ranging from $1,200 to $6,600 and 28% of that was taken out for taxes. That is a significantly higher tax bracket than we usually end up in. Then they may have done away with miscellaneous work-related expenses but they did not do away with being able to deduct losses from gambling. Well I can't stand success so I went there with a fair amount of money spend all of it went to the ATM took out more money before I won my first jackpot and then I spent money from the jackpot and you use it to win the second jackpot so as I was winning I was still losing so I may have made it home with a couple of thousand dollars each time but I would have been smarter when I won a $6,000 jackpot if I had just got up and left. Yes I have to claim all of my winnings of jackpots as income but if you take away the losses and the amount of taxes that I paid in addition to my retirement income taxes it gets me into the refund area and the icing on the cake is that we are raising two grandsons so we will have $4,000 subtracted from any taxes we may owe and if we don't owe any that's 4,000 additional that we would get back. We both turned 65 in 2018 and of course you get no benefit from that unless you can itemize and we will be itemizing. so I can count on a refund. but that may not be the case next year other than we will still get the $4,000 for raising our grandkids I don't have any current plans for going to the casino. I can't understand why I win so many jackpots. But the money from some of the jackpots did help me pay my property tax. Being a civil service retiree and having already paid tax on all the money that I put into the retirement system as did my husband we also get to subtract approximately $2,000 for each of us from what we've received to come up with our taxable income. I am currently waiting on my refund from my 2015 taxes for approximately $8,000 and I need to file 2016 and 2017 both of which I know I will be getting refunds. You can file your taxes up to 3 years late if you know you're getting a refund but I need to get all of them submitted so that I can get 2018 and on time because I'm tired of being late. and I definitely don't want to be late in a year that I don't know if I'm getting a refund or not. I do all of this by hand which means it takes longer to get a refund and my 2015 taxes set in Austin Texas doing nothing during the government shutdown. it's kind of scary to think that I could have four years of income taxes going through the system at the same time. I figured something will go wrong. but I asked Nate that we will get somewhere between $3,000 and $5,000 back depending on the tax tables which I am not very knowledgeable of.
Do you add 1099-R income to line 1 and also fill out form 5329 to calculate penalty on early distribution?
1099-R goes on line 4. And yes, 5329 is still used for the penalty.
Do most people who send 1040 fill out line 11 and schedule 2? Im trying to do my taxes myself this year but i got stumped on this line. Please help
This is literally why I am here.
I agree the form is very confusing this year. Most people will just put their tax from the tax table in the instructions for form 1040 on line 11 and not use schedule 2 at all. You don't need schedule 2 unless you have to pay one of the taxes that are on that schedule.
@@pdftax8031 ok ty. That schedule 2 threw me off. Appreciate the reply!
losthorizons.com
Navigate to the bulletin board and make sure you soak it all in. I received my first victory for 2017 and got everything back from my federal filing. Good luck.
if you make below 54.000 there is a VITA Volunteer in Tax Assistance irs.treasury.gov/freetaxprep/jsp/vita.jsp?zip=93010&lat=34.2330908&lng=-119.08090119999997&radius=10
Getting technical. If this taxpayer paid over half the cost of keeping up a home in which he and his dependent also lived for more than half of the year (with some exceptions), then the correct filing status is head of household, which results in a standard deduction of $18,000, the use of a different tax table, and a bigger refund. Otherwise the correct filing status is single.
How do you report my earnings, 257.13 dollars from youtube?
Self-employment income goes on schedule C of form 1040.
pdftax
You must have a qualifying child as a dependent to claim head of household.
Taurean Smith-Partee you have to report it as a miscellaneous income
If I had a child that I can report as a 'relative', is the standard deduction still $24,000?
@3:16 where did you get the interest for 2b??
Your video was vey helpful for me to file 2018 tax. If I have nothing to put on Schedule 1 through 5, Should I still attach them?
Nope. Don't need to.
I’m completely confused. I’ve always done the 1040ez. Now I can’t.
My income was 31600. My tax paid was 3288. I’m suppose to pay 2165
According to the tax table. I can’t figure out what line on page 2 to put the
Tax owed ? Line 11 ? Also am I suppose to pay one rate for the first 10,000
And a higher rate for the next 9600 ? I subtracted 12000 SD from my gross
31600. Thx.
I feel for you folks that are used to using the 1040EZ. That form doesn't exist anymore. The only choice now is the 1040. Since a picture is worth 1000 words here it is.
www.pdftax.com/Returns2018/HMB.PNG
The lower rate on the first 10,000 is included in the tax table, so it's 2165 for the single filing status.
If you looked up your income on the tax table under the column that you belong to such as if you are single you would look under that column and you would find out how much your total tax is. To make it simple if it says your total tax is $2,000 but you paid $3,000 in taxes then you should have a $1,000 a refund coming. The mystery is going to be where to put the numbers. Which would probably be on form 1040. Using the table is about the easiest thing that you'll be doing.
Celia Gorleski yes I did that but I read somewhere that the first $10K was less. But I’m going to go with the tax table. Thx
Just looks like a "chopped up" version of prior returns. What really changed?
No much really. Everything just got rearranged on the form. But the tax rates and several other things changed. There's no more personal exemptions. The standard deduction increased for most people. Several changes to itemized deductions.
He eliminated a lot of deductions.
Plenty changed; instead of the old form 1040, the new 1040 is two short pages, as you see. The first page is a "who are you?" page and sign your name; the second short page is nothing more than a "summary" page of important figures that used to be on the old form 1040, along with whether you can figure a refund or whether you owe taxes. But the real kicker is NOW, there are FIVE additional schedules (which address most of the stuff the USED to be on form 1040, to get you to process those summary figures, I mentioned earlier. So, in a sense, you are right...it is "chopped up." Some schedules will possibly affect you, and you will have to fill them out to come up with those "summary figures" I mentioned earlier. I found it to be a nightmare.
The new 2018 1040 sucks because now I have to get other forms to add to the 1040 instead of having everything that I needed right there on the form. I'm now trying to find PDF's of schedule 1 forms for 2019 and 2018, emailing them to a niece who has a printer and her having to bring them to me to fill out to add to my 1040. It's a hassle that I never had before and it'll take me four times longer to do my taxes now.
how do you know if the child qualifies as a child tax credit?
I went back to irs.gov.....got up page 2....after reworking page......filing online best or by paper?
Thats a pretty big postcard. Where does the information from the 1041 K-1 go as far as income?
Form 1040, Schedule E.
Thank you! Do I need an accountant for filling this out? I just need to know where the figures go on the State and Federal. What is a negative number on the k-1 mean as far as inheritance income?
I am in bankruptcy and have to pay my back mortgage to a trustee can I write off any of this amount
If you earn under $13,000 do you have to file taxes? What about Social Security retirement benefits; is that to be reported?
Many factors other than just income for this. Take a look page 9 in these instructions.
www.irs.gov/pub/irs-pdf/i1040gi.pdf
And yes social security needs to be reported, but may not necessarily be taxable depending on your other income.
How can you print a blank 1040 form for 2018. Blank form only
www.irs.gov/pub/irs-prior/f1040--2018.pdf
I went to irs.gov.....and the 2nd page of the 1040 did not come up. Is this funny or what?
What if you have more than one w-2 Will you fill forms 1040 for each w2? How do you submit or sent the 1040 after filing?
Just one 1040. Add wages and withholding from both together. You can mail 1040 to IRS.
@@pdftax8031 thank you so much. So the 1040 covers both federal and state taxes right?
No, sorry. The 1040 is just for federal taxes.
@@pdftax8031 what about state taxes, how do i file?
Which state?
It would be nice to see the POTUS tax returns!
How do i fill this out if i have an indiviual tax payer identification number? Where do i put that number on the form? Do i attach it to the form ?
Put it in the same place as the social security number.
@@pdftax8031 okay thank youu !
Where did you get the forms and software to fill this out. Does the IRS provide them.
IRS Draft forms with javascript added.
apps.irs.gov/app/picklist/list/draftTaxForms.html
This is the old Schedule 2 file. The new Schedule 2 doesn't have line 44. Can you advise me if I still need to fill out Schedule 2?
Yes. That's right. The IRS changed things a bit for the final version. The tax now goes on page 2 of 1040. Here's an updated video.
ruclips.net/video/xwUoUKiuwks/видео.html
pdftax oh okay! So that means if I am filing single, I dont need to fill out schedule 2 correct?
Thanks 🙏
Liked and subscribed
on schedule 1 what does it mean IRA deduction??
When you contribute to your individual retirement account you can deduct the amount contributed.
hello on what line i can claim other dependent credit ?/ thank you
Line 12a on page 2 of 1040.
what does taxable interest mean?
When you receive interest from a bank you need to pay tax.
Thank you so much for your help!
you are so helpful
Will someone pls help me
I only made 13000 at little caesers but I'm stuck filling by myself
Schedules and worksheets wtf
You have form W-2 from Little Caerser?
Doesn't look like any REAL tax benefits at all. What lies they tell.
really nice breakdown. Thank you.
Thanks. Appreciate your comment.
Forms up and working
I'm freaking out. My name is Sam Jones and my SSN is 111-22-3333!
dont post your ssn online
GEORGY DATIEV 😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂
I'm surprised that it didn't have: "Are you an American Citizen?".
because "illegals" still pay taxes from places that hire them. then you dont hear anybody complain about having to build a wall
What about the EIC for her, she has a daughter?
Need to look at the instructions to see if the daughter qualifies.
You forgot to do the Obamacare tax!! Did this person have health insurance, because if he didn't he is gonna owe at least $1,000!! Please do another video with the new updated forms that are now available!!!
@g quin
I'm doing my taxes now for 2018 and have the current paperwork and the pdfs of all the instructions!! Guess what, you idiot??!!! THE OBAMACARE TAX WON'T BE GONE UNTIL 2019!!! I KNOW BECAUSE MY HUSBAND WILL HAVE TO PAY $695 FOR NOT HAVING HEALTH INSURANCE!! THAT IS STILL CHEAPER THAN ACTUALLY HAVING A USELESS HEALTH INSURANCE COVERAGE THAT HAS A $5,000 DEDUCTIBLE AND HE WOULD HAVE PAID $60.02 PER WEEK, $260 PER MONTH FOR IT!!! THAT WOULD HAVE BEEN $3,120 OF PREMIUMS!!
I'VE BEEN DOING OUR TAXES FOR OVER TEN YEARS!!! SO, YOU BETTER BE BETTER INFORMED!!!
I'M NOT A "DROP OUT"!! I GRADUATED HIGH SCHOOL IN 1994, #5 IN MY CLASS OF ABOUT 137 SENIORS, WITH HONORS, MIGHT I ADD!!! SO GO AWAY!!!
@Alma Heraldez. Thanks for your comments. Point taken. If the taxpayer has full year health coverage there is no Obamacare tax. I've deleted the previous comment which was pretty unnecessary.
Also here's a link to the video you requested using the final forms. Please let us know if you'd like to see any others. They're pretty easy to make.
ruclips.net/video/xwUoUKiuwks/видео.html
@@pdftax8031
Thank you!! Right now I'm double-checking the instructions to form 8965 to figure the tax for my husband having no health insurance!! This is stupid because that $5,000 deductible is outrageous!!! He did go to the doctor, the chiropractor in 2018, but when we add it all up, it was barely $2,000!! And that's because the chiropractor was a little over $1,500!! That was the first time he was at a chiropractor. In other years we don't even get to $200 in doctors bills for him!!! So, yes, for us it was cheaper to just pay the stupid fine than to get that useless health insurance!!!
@@soulh4838 I did a silent return over the last 3 years and didn't have to pay the Obamacare fine at all. I just left out the info on health insurance. they know they are scamming us and that fine cant be enforced because it's unconstitutional. it's a law with no teeth and I refuse to pay them for refusing a service that I didn't want.
@@godrulztheearth
That's great, but the way the instructions were, it was not possible. The good thing is that in 2014, my husband's "fine" was only about $93 because he didn't have health insurance for about 4 months. But when I did a calculation of how much he paid for the "health insurance" those few months that he did have it, IT WAS MORE THAN $800!!! It would have been cheaper to pay the fine because HE NEVER USED THE STUPID "COVERAGE" AT ALL, PLUS WE WERE OUT OF THAT MONEY THAT COULD HAVE BEEN USED TO PAY DOWN SOME DEBT!!
In 2015, 2016, and 2017 he made under $39,000, which was good because he got to use an exemption. But this year he made a little over $45,000. He had to pay $695, but it was deducted from the refund. But calculating how much it would have cost to get health insurance, it would have been over $3,000!!! I didn't want to do a "silent return" because there is no such thing and I'd rather do things right and not have the IRS breathing down our throats!! Besides, this is the LAST YEAR for this stupid "fine"!!
Wrong form for Form 1040 2018 U.S. Individual Tax Return
Try this.
www.pdftax.com/PriorYear/PriorTax18.html
I am sorry. I am confuse, in this particular example she is Head of House, she has a daughter, shouldn't be $18,000 the standard deduction? help please
@Ernesto Moreno. Among other things the taxpayer must have paid over half the cost of keeping up the household to qualify for head of household.
I cannot find the Schedules on the IRS website?
www.irs.gov/pub/irs-pdf/f1040s1.pdf
www.irs.gov/pub/irs-pdf/f1040s2.pdf
www.irs.gov/pub/irs-pdf/f1040s3.pdf
www.irs.gov/pub/irs-pdf/f1040s4.pdf
www.irs.gov/pub/irs-pdf/f1040s5.pdf
www.irs.gov/pub/irs-pdf/f1040s6.pdf
TurboTax! It’s free!
no its not free. and the point is to not give intuit money so that they can make doing your taxes more complicated as they are lobbyist on capital hill. they want to make it complicated so that you go to h&r block or turbotax. i just looked it up and thats why i want to learn to do my taxes manually
Just got the new form and there is 5 filing statuses.
Yup. The IRS finally saw the error of their ways.
.
You didn't put in insurance or no insurance. And where you write this garbage down.
Right under the spouse social security number.
Thanks.
super
Thx
sounds like big herc
This is the wrong form
Try this:
ruclips.net/video/xwUoUKiuwks/видео.html
Head of house
If this taxpayer paid over half the cost of keeping up a home in which he and his dependent also lived for more than half of the year (with some exceptions), then the correct filing status is head of household, which results in a standard deduction of $18,000, the use of a different tax table, and a bigger refund. Otherwise the correct filing status is single.
3:00
8
It' more complicated.
Yup. No more 1040EZ
Thanks for the help!