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 Form 1040 2012

2012-2025 Form

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Video instructions and help with filling out and completing Form 1040

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Instructions and help about Form 1040

all right for this video I wanted to go over some form 1040 filing thresholds for self-employed persons so I've got one slide in front of us with some of the rules on self-employed taxpayer filings and then I've got some sample tax returns that we we have in front of us to look at the examples and see how the numbers flow through and some scenarios where you might want to file a tax return even though you might not be required to so why does this issue arise well it comes up because when we talk about form 1040 filings often we'll be here is that well you don't have to file a 1040 if your income is below the standard deduction right so we hear okay John is a single filing taxpayer he's got W-2 wages of 8 500. the standard deduction for a single file or in 2022 is 12 950. so in this case uh John wouldn't have to file a tax return right because he could just say well my income was underneath the threshold so I don't need a file and

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