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-   -   1040ez Line5 (https://www.askmehelpdesk.com/showthread.php?t=731801)

  • Feb 1, 2013, 09:42 PM
    Libertine55
    1040ez Line5
    I've filed 1040ez for as long as I can remember. This year(2012) I have come across a problem. I printed out a form from the IRS site. Line 5 poses a problem
    When I try to e-file. On the form, and in the instructions (page 10), the show that
    I can subtract $9750 if 'single'. But when I fill out e-file forms (h&r block, taxact.com and etax.com) the allowance for this is only $5950. This results in
    A $100 difference in the amount of my refund. What is the reason for this discrepency? Please explain. Thanks to all for your time concerning this matter.
    Gail
  • Feb 1, 2013, 10:54 PM
    AtlantaTaxExpert
    Gail,

    The Form 1040EZ COMBINES the standard deduction of $5,950 and the personal exemption of $3,800 to equal $9,750.

    The tax software does not.
  • Aug 24, 2013, 10:25 AM
    lawton
    Help with 1040EZ line 5- I can be claim by my parents-ok - do I put 0- or I am single put 9750. Also line 6 states taxable income? My income is 5,170 and fed. Withheld 552- help/
  • Aug 24, 2013, 10:31 AM
    lawton
    I can be claim on line 5-so do I put 0 ?
  • Aug 24, 2013, 05:12 PM
    AtlantaTaxExpert
    Yes, you put ZERO.

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