Marc and Michelle are married and earned salaries this year of $65,200 and $12,450, respectively. In addition to their salaries, they received interest of $350 from municipal bonds and $650 from corporate bonds. Marc contributed $2,650 to a traditional individual retirement account, and Marc paid alimony to a prior spouse in the amount of $1,650 (under a divorce decree effective June 1, 2006). Marc and Michelle have a 10-year-old son, Matthew, who lived with them throughout the entire year. Thus, Marc and Michelle are allowed to claim a $3,000 child tax credit for Matthew. Marc and Michelle paid $6,300 of expenditures that qualify as itemized deductions (no charitable contributions) and they had a total of $2,605 in federal income taxes withheld from their paychecks during the year. (Use the tax rate schedules.)
Complete Marc and Michelles Form 1040, pages 1 and 2, and Schedule 1 (use the most recent form available).
Marc and Michelles address is 19010 N.W. 135th Street, Miami, FL 33054.
Social security numbers:
Marc Taxpayer: 111-22-3333 Michelle Taxpayer: 222-33-4444
Matthew Taxpayer: 333-44-5555 Prior Spouse 111-11-1111
1040 PG 1 1040 PG 2 Schedule 1 Form 1040 Page 1 and 2. Form Department of the Treasury Internal Revenue Service 199) 1040 U.S. Individual Income Tax Return 2020 CVB No. 1545-0074 IRS Use Only-Do not write or staple in this space Filing Status Osra Mariang Marading setely IMFS) Head of household (HCH) Olying widowan) (OW CK Only you checked the MFS box, enter the name of your spouse. It you checked the HCH or O box, enter the child's name the onlying person is one bax a child but not your dependent. Your first name and middle Last name Your coolal ceourity number Mark 111-22-3333 nitratum, spouse's first name and middle initie Last name Spouse's coolal sourity number Michelle 222-33-4444 Home address number and stron if you have apo baseinstations Astra Precidential Eleotion Campaign 19010 N.W. 136th Street City, town, or postace if you have a foreign address, also complete Spares below. State ZIP coda Check here it you or your spousait ing joindy wants to go to this Tund. Checido a box below wil Miami, FL 33054 not change your tax or round Famian country nama Forcion provincest county Forcion postal code You Spouco Af any time during 2020, did you receive, sell, send exchange, or otherwise acquire any financial interest in any virtual currency? Yes No Standard Sameone can claim You as a dependent Your spouse as a dependent Deduction Spouse tamzes on a separate return or you wore a dus-hats alion Aga Bildnace You: Were bom beton January 2, 1966 Ane bind Spoute: Was born before January 2, 1956 Is bind Dependents Son instructions (21 Social security number 3) Relationship to you 141 Vitousles forcestruction Credit for other 1) First name Last name Chid tax croce dependents If more than four Matthew 333-44 5555 San dapandants, son Instructions and check 1 77,650 650 29 25 3a 3b Taxableibt Ordinary dividends Taxable amount Taxable amount 45 54 5b Taxable amount b D 7 9 78,300 1 Wages salaries at Altach Formis) W-2 Allach Sch. Bit 2a Thx-camoborst roquired 3a Qualified dividends 4a IRA doutons Sa Ponsions and annuities 6a Social Security benefits 7 Capital gain or loss. Attach Schadul if required. Standard 8 Other income from Schedule 1. Ene 9 Deduction for Single or Married Sing separately Addines 1. 2. 3. 4. 5. 6. 7.and &. This is your total income $12,400 Married in 10 Adjustments to com: ity or Duallying From Schedule 1. in 22 widow 524.800 Charitable contributions if you take the standard coduction. So instiction - Head of household Add lines 109 and 10. These are your total adjustments to incomo $18,650 - If you checked 11 Subtractina 10c from in. This is your custod gross income any box under Standard Deduction 12 Standard caduction or itemized deductions (Tom Schedule se instructions 13 Dualtid business incomodadudan. Atach Formes or Farm 8996- 14 Add lines 12 and 1a 15 Taxable incomo. Subtractine 14 from time 1 If zero or less enter-0- For Dicolocure, Privacy Act, and Paperwork Reduction Act Notice, che coparete Instruction. 100 10c D 11 78,300 12 13 14 D 15 Cal Na 11320B 78,300 Form 1040 (2020) Form 1040 Page 1 and 2. Fam 1040 2020 Page 2 8814 4972 3 16 17 19 21 16 Taxe instructions. Check if any from Fors 7 Amount from Schedule 2, 3 Add lines 16 and 17 19 Cid tax creditor credit for other dependents 20 Amount tram Schedule 21 Adelines 19 and 20 22 Subtractine 21 from line 18, 200 or loss, antor-O- 23 Others, including salt-employment tax from School 2. in 10 24 Add Tines 22 and 23. This is your totale 25 Federal nome tax withheld from Fomis) W-2 b Fom) 1009 cOther forms instructions C.Addnes 25 through 266 22 23 24 25a 255 250 250 - If you have quallying child, attach Sch. Eid 25 2020 estimated tax payments and mount Applied from 2019 rotum 25 28 - you have norlaxablo combet pay se instructions 30 31 27 Eamed income credt EIC) 28 Additional child tax credit Altach School 8812 29 American opportuniy credit from Form Bline 3D Recovery roba credit Son instructions 31 Amount from Schedule tine 13 22 Addnes 27 through 21. These are your total other payments and matundable credits 33 Addnes 25d, 25 and 32. These are your total payments 34 i 33 is more than ne 24. subtract line 24 from in 32. This is the amount you overpeid 35. Amount of in 34 you want rounded to you Routing number Account number 32 33 Refund 3150 c Type Checking Savings Direct deposit? Sos instructions 26 Amount of line 34 you want applied to your 2021 estimated to 36 Amount You Owe 37 Subtract the 33 from the 24. This is the amount you owe now 37 Note: Schedule Hand Schedule Setiers. Ine 37 may not represent all of the two you owo for 2020 Soe Schedun 3, line 120, and is instructions for detais 38 Estimated tax para se instructions 3 Far dots on how to poyo nstructions Third Party Designee No Do you want to allow another person to discuss this room with the IRS? Se instructions Phone Dasiona's name no. Yes. Complete below Personal identication number (PIN) Sign Here Linder penalties of perjury, I declare that I have examined this notum and accompanying schedules and statements, and to the best of my knowledge and belief, they are correct and complate Declaration of prorrothorantaxpayer is based on all information of which preparar has any knowiodoo. in the RS sont you an identity Your signature Data Your occupation Protection PIN onto than isoint Joint return? Bee Inctruotions. Keep a copy for your records Spouse's signature. If a joint ratum, both must sign Cate) Spouses ocupan If the RS sont your souten Identy Protein PIN enter there snainst Phone na Email address Proper's signature Preparasrama Data FTIN Check Sat-employed Paid Preparer Use Only Firms name Phone no. Firm's addess Fimm's EIN Go to www.rs.gow Farm1040 for instructions and the latest information. Form 1040 (20201 1040 PG 1 1040 PG 2 Schedule 1 Form 1040 Schedule 1. OMB No. 1545 0074 SCHEDULE 1 (Form 1040) Additional Income and Adjustments to Income 2020 Department of the Treasury Internal Revenue Service Nanos) shown on Form 1040 1040-SR O 1040-NR Attach to Form 1040 1040-SR, or 1040-NR. Go to www.irs.goviForm1040 for Instructions and the latest Information. Attachment Sequence No. 01 Your social security number Part I 1 28 20 b 3 3 Additional Income Table rotunds, credits, or sets of state and local income taxes Alimony cov Date of original divorce or separation agreements Instructions Business income or loss. Atlech Sulec Other gains or losses). An Form 477 Fantanal estate, royalties, partnerships, Scorporations, trusts, etc. Attach Schedule E Farm income aros Attach Schedule Unemployment compensation Other income List type and amount 4 2 5 6 B 7 7 8 8 8 Part II 10 10 11 11 12 12 13 13 14 14 16 16 Combine lines through a Enter here and on Form 1020, 104-SR or 104-NR. The Adjustments to Income Educator exposes Certain business expenses of reservists, performing artists, and to-basis vormont olas. Astach Form 2106 Heath savings account deduction. Attach Fom Moving expenses for members of the Armed Forces. Attach Form 3900 Deductible part of self-employment tax Altach Schedule SE Self-employed SEP, SIMPLE, quand plans Saitemployed hos thinsurance deduction Penaltyan canly withdrawal of savings Almony paid Recipients SSN Date of original diversion agreements Instructions) IRA deduction Student loan intamist deduction Tuition and fas deduction Attach Form 8917 18 18 17 17 186 18a b o 18 18 20 20 21 21 22 Add lines 10 through 2t. These are your actments to income Enter here and on Form 1040 1040-SR 1040-NR, Inetas 22 For Paperwork Reduotion Act Notice, cee your tax return instructions. Cat. No. 71478F Schedule 1 (Form 10402020 THIR SORMISARIATION OF AN OFFICIAL IN TAX FORM IT IS NOT THE OFFICIAL FORM ITSELF DO NOT USE THIS FORWEAR TAY FILING SAFOR ANY PURPOSE OTHER THAN
