Home / How to e-file 1040 / How to claim tax deductions
| Adjustment Types | How to Claim Your Adjustment to Income |
|---|---|
| Personal Exemptions | Enter your name(s), address, social security number(s), and Date of Birth |
| Dependents | Enter Name(s), Social Security Number(s), Relationship, Date of Birth, Number of months dependent lived with you. |
| Educator Expenses | Enter amount from your personal receipts. Maximum deduction is $250 per qualified teacher |
| IRA Contributions | Enter amount deposited by April 15, 2006 into your IRA account |
| Student Loan Interest | Enter all information from form 1098-E box 1 |
| Tuition + Fees | Enter all information from form 1098-T box 1 |
| Health Savings Account | Information entered from W-2 box 12(R) |
| Alimony Payments | Enter amount paid from personal records Name and SSN of ex-spouse |
| Moving Expenses | +Costs including lodging but not meals +Miles from old home to old workplace and new workplace +See if costs reimbursed by employer on W-2 income |
| Employee Expenses | Enter from your personal records, your total out-of-pocket expenses |
| Early Withdrawal Penalty | Enter dollars from form 1099-INT in Box 2 |
1.) The Earned Income Tax Credit (EITC) is automatically calculated by the tax program. Besides entering in the above information, you need do nothing to claim the EITC credit.
2.) Check to see that the 1040ez is the best form for you to file. You don't get many tax breaks with the 1040ez. Check the Comprehensive Checklist in the section on Which Form ... 1040ez, 1040a, 1040?
3.) Make sure your name(s) and social security number(s) are correctly entered. Your name must match Social Security Administration (SSA) records. If you have changed your name, use the name and social security number registered with the SSA.
4.) Last year's tax return is usually a great resource, especially for comparing one year to another.
5.) Retain a copy of your tax return for at least three years. This year's tax return can be used next year for your electronic signature PIN.
