Question
Jonathan Hales attended State University as a part-time student during the year. Jonathan lived at home with his parents while working a part-time job. The
Jonathan Hales attended State University as a part-time student during the year. Jonathan lived at home with his parents while working a part-time job. The following information relates to 2020:
- Jonathans Social Security number is 546-87-9876
- His mailing address is 123 Spring Lane, Willow, Texas 77521
- Jonathan is a U.S citizen
- Jonathan was single during the entire year
- Jonathan turned 19 on July 1
- Jonathan does not have any children or provide support for anyone but himself
- Jonathan lived in a room in the basement of his parents home for all 12 months of the year
- For the year Jonathans parents provided $16,500 of support including room and board, a car, health insurance, clothing, education, and car insurance.
- Jonathan was included on his fathers qualified minimum health insurance coverage plan for all 12 months during the year.
Jonathan received the following income during the year as reported:
Employer | Gross Wages | Federal Income Tax Withholding | State Income Tax Withholding |
The Colony | 3,675 | 165 | 0 |
Rock Climbing, LLC | 1,790 | 0 | 0 |
Community Pool, Inc. | 4,235 | 240 | 0 |
All applicable and appropriate payroll taxes were withheld by his various employers.
Jonathan received $12 in interest income from the First Bank of Texas during the year. Jonathan did not own, control, or manage any foreign bank accounts, nor was he a grantor or beneficiary of a foreign trust during the tax year. Further, Jonathan did not buy, sell, exchange, or otherwise acquire any financial interest in a virtual currency.
Jonathan received two Economic Impact Payments (stimulus checks) in the full amount before filing their 2020 tax return.
Jonathan had no itemized deductions.
Jonathan does not want to contribute to the Presidential Election Campaign Fund. He would like to receive a refund (if any) of any tax he may have overpaid for the year. His preferred method of receiving the refund is by check.
1040 Department of the Treasury Interna Havarie Service 199) 2020 U.S. Individual Income Tax Return OMB Nu. 1545-0074 IRS Use Only-Do not write or stape in this space. Filing Status Single Married filing jointly Married filing separately (MFS) Head of household (HOH Qualifying widower (ow) ) ) Check only If you checked the MFS box, enter the name of your spouse. If you checked the HOH or QW box, enter the child's name if the qualifying one box. person is a child but not your dependent Your frst name and middle initial Last name Your social security number If joint retum, spouse's first name and middle nitial Last name Spouse's social security number Home address inumber and street). If you have a P.O.box, see instructions. Apt. no. Presidential Election Campaign Check here if you, or your City, town, or post office. If you have a foreign adoreas, also complete spaces below. Siste ZIP code spouse if filing jointly, want $3 to go to this fund. Checking a box below will not change Foreign country name Foreign province'atate county Foreign postal code your lax or refund. You Spouse At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency? Yes No Standard Someone can claim: You as a dependent Your spouse as a dependent Deduction Spouse itemizes on a separate retum or you were a dual-status alien Age/Blindness You Were bom before January 2, 1956 Are blind Spouse: Was born before January 2, 1956 : Is blind Dependents (see instructions): (2) Social security (3) Relationship (4) if qualities for (see instructions: (1) First name If more Last name number to you Child tax credit Credit for other dependents than four L dependents, 1 see instructions and check here 0 1 Wages, salaries, tips, etc. Attach Form(s) W-2 1 Attach 2a Tax-exempt interest 2a b Taxable interest 2b Sch. Bit 3a Qualified dividends 3a b Ordinary dividends required 3b 4a IRA distributions 4a b Taxable amount. 4b 5a Pensions and annuities 5a b Taxable amount 5b Standard 6a Social security benefits Ga b Taxable amount 6b Deduction for- 7 Capital gain or loss). Attach Schedule Dif required. If not required, check here n 7 Singa ar Mantlec filing 8 Other income from Schedulo 1. line 9. ....... . 8 8 separately $12,100 9 Add lines 1. 26, 3b, 45, 50, 66, 7, and 8. This is your total income 9 Marted filing 10 Adjustments to income: cintly or Quality ng From Schedule 1, line 22 10a widowieri, 10b b Charitable contributions if you take the standard deduction. See instructions $24,500 Head of Add lines 10a and 10b. These are your total adjustments to income 10c household, $19,650 11 Subtract line 10c from lino 9. This is your adjusted gross income 11 If you checked 12 Standard deduction or itemized deductions (from Schedule A) 12 any box under Slaard 13 Qualified business income deduction. Attach Form 8995 or Form 8995-A 13 Destacions 14 Add lines 12 and 13 14 See inslucions 15 Taxable income. Subtract line 14 from line 11. If zero or less, enter -- 15 For Disclosure. Privacy Act, and Paperwork Reduction Act Notice, Bee separate instructions. Cal. No. 113200 Formu 1040 (2020) . a Page 2 Form 1040 (2020) 16 Tax (see instructions). Check if any from Forms): 1 8914 24972 30 16 17 Amount from Schedule 2, line 3 17 18 Add lines 16 and 17 18 19 Child tax credit or credit for other dependents 19 20 Amount from Schedule 3, line 7 20 21 Add lines 19 and 20 21 22 Subtract line 21 from line 18. If zero or less, enter-O- 22 23 Other taxes, including self-employment tax, from Schedule 2, line 10 23 24 Add lines 22 and 23. This is your total tax 24 25 Federal income tax withheld from: a Formis) W-2 25a b Form(s) 1099 25b Other forms (see instructions 25c d Add lines 25a through 250 25d 26 If you have a 26 2020 estimated tax payments and amount applied from 2019 return GIlrying cha, 27 Earned income credit (EIC) ....... 27 attach Sch. CIC. If you have if 28 Additional child tax credit. Attach Schedule 8812 28 honlaxabe 29 American opportunity credit from Form 8863. line 8. 29 combat py, See instructors. 30 Recovery rebate credit. See instructions 30 31 Amount from Schedule 3, line 13 31 32 Add lines 27 through 31. These are your total other payments and refundable credits 32 33 Add lines 25d, 26, and 32. These are your total payments 33 34 Refund If line 33 is more than line 24, subtract line 24 from line 33. This is the amount you overpaid 34 35a Amount of line 34 you want refunded to you. If Form 8888 is attached, check here 35a Direct deposit? > b Routing number See instruction Account number c Type: Checking Savings d 36 Amount of line 34 you want applied to your 2021 estimated tax 36 Amount 37 Subtract line 33 from line 24. This is the amount you owe now.......... 37 You Owe Note: Schedule H and Schedule SE filers, line 37 may not represent all of the taxes you owe for For details on how to pay. See 2020. See Schedule 3, line 12e, and its instructions for details. instructions. 38 Estimated tax penalty (see instructions) 381 Third Party Do you want to allow another person to discuss this return with the IRS? See Designee instructions Yes. Complete below. No Designee's Phone Personal identication name no. number (PIN) IT Sign Under penalties of perjury. I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and Here beliet, they are true, correct, and complete. Declaration of preparer (other than taxpayer, is based on all information of which preparer nas any knowledge. Your signature Date Your occupation If the IRS sent you an Identity Protection PIN, enter it here Joint return? ( see inst. See instructions Spouse's signature. If a joint return, both must aign Date Spouse's ocoupation If the IAS sent your spouto an Keep a copy for Identity Protecton PIN, enter it here your ricords see inst. Phone no. Email address Preparer's namo Preparer's signature Date PTIN Check it: Paid Self-employed Preparer Firm's name Phone no Use Only Firm's address Firm's EIN Go to www.ire gowForm1040 for instructions and the latest information. Form Karm 1040 2021Step by Step Solution
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