You should be able to electronically file your form or SR with the IRS and print or download a copy for your records. If you prefer to fill out your return yourself, you can download a form or form SR from the IRS website. If you are looking for your tax returns from past years, you can request a transcript from the IRS. If you were eligible for a stimulus check also called an economic impact payment but never received it or didn't receive the full amount, you have another chance to get that money by claiming the Recovery Rebate Credit on line 30 of form Page 58 of the instructions for form has a worksheet to help you calculate how much to claim.
Stimulus check money you may have already received is not taxable at the federal level. Learn more about stimulus checks here. Form SR is a new version of form It's for people 65 and older. Read more below about how it works and what's different about it. Here are some quick facts about the SR:. It's for people who are 65 or older. You can itemize or take the standard deduction. The basic differences between the SR and the regular tax form are cosmetic: the SR has a different color scheme, a larger font and an embedded standard deduction table which may help more people over 65 claim their larger standard deduction.
Asks who you are: The top of form SR gathers basic information about who you are, what tax filing status you're going to use, and how many tax dependents you have. Calculates taxable income: Form SR adds up your income for the year, as well as all the deductions you'd like to claim. Calculates your tax liability: Near the bottom of form SR, you'll write down how much income tax you're responsible for. At that point, you get to subtract any tax credits that you might qualify for. You can still take the Earned Income Tax Credit , the Child Tax Credit and any other tax credit you would take if you were using the regular tax form.
Next you'll indicate what taxes you've already paid during the year. Determines whether you've already paid some or all of your tax bill: Similar to the regular , the SR helps you calculate whether your tax credits and the taxes you've already paid will cover your tax bill.
If they don't, you may need to pay the rest when you file your tax return. Virtually everybody uses the regular form or the form SR, but there are also three schedules you may or may not have to tack onto it, depending on your tax situation and whether you want to claim certain deductions and credits.
Some people may not have to file any of these schedules. File this if you had any of these click the links to learn more about any of these topics :. Business income you probably also need to file a Schedule C. Rental income you may also need to file a Schedule E. Unemployment income.
The health savings account deduction. Deductible health insurance expenses. Student loan interest. Deductible retirement contributions. Alternative minimum tax. Excess advance premium tax credit repayment. Self-employment tax. Additional taxes on IRAs, retirement plans, or other tax-favored accounts.
Repayment of the first-time homebuyer credit. File this if you want to claim any of these:. Credit for child and dependent care expenses.
You'll need a lot of information to do your taxes, but here are a few basics that most people have to collect to get started:. Social Security Numbers for you, your spouse and any dependents. Dates of birth for you, your spouse and any dependents.
Statements of wages earned for example, your W-2 and s. Statements of interest or dividends from banks, brokerages. Proof of any tax credits or tax deductions. Your bank account number and routing number for direct deposit of any refund. How do I get a form? How do I claim my stimulus check? A tax return transcript is only available for the current tax year and three prior tax years. W-2 transcripts cover a much longer period and are available for up to 10 prior years.
To request a and W-2 transcript, complete Form T. The IRS can supply you with transcripts for the past 10 tax years, provided you filed a return. To complete Form T, you must include your name, Social Security number, spouse information, current address and previous address shown on your return. Enter the appropriate forms you are requesting and check the box next to the form at the bottom of the page.
Indicate the years that you are requesting. If you are requesting more than four years of transcripts, you must attach a separate Form T to the original form. Sign and date the form and include a daytime telephone number. The IRS provides several methods for you to request a and W-2 transcript.
If you choose to mail the form, you must mail it to the correct address designated for your state, as described on the bottom of Form T. You can also fax the form to the IRS. The fax number for your state is included at the bottom of Form T. In addition to mailing or faxing the form, you can order a and W-2 transcript over the phone or online. To order over the phone, call To order a transcript online, visit the Order a Transcript website at www.
Personal Finance Taxes. By Angela M.
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