2021 IRS Form 1040 Walkthrough | Single No Dependents

Filing out the IRS Form 1040 can be overwhelming, but this video will walk you through how to file the IRS Form 1040 for the 2021 tax year if you're single with no dependents. In conjunction with this video, we highly recommend using the 1040 Instructions pdf from the IRS website. The instructions do a good job of walking you through the form in plain English as well as providing examples to understand what you're doing.
If you're tax situation is complicated, we highly recommend using a tax filing software or hiring a CPA to help you with your taxes. This video walks through the most basic example of filling the Form 1040 and does not address more complex tax situations. Everyone's tax situation is unique so please use the instructions provided by the IRS if you decide to file on your own.
If you decide you don't feel comfortable filing taxes on your own, then please check out the IRS Free File Program to see if you're eligible to have your taxes filed for you completely free.

0:00 When to File the Form Yourself
0:47 IRS Form 1040 Instructions
2:32 2021 IRS Form 1040 Walkthrough
4:14 Form 1040 Lines 1-15
7:44 Form 1040 Lines 16-37
12:13 Other Filing Options

#taxes #irs #irsfreefile
DISCLOSURE: We are not financial advisers. The ideas presented in this video are for entertainment purposes only. Although the information is researched and vetted beforehand, it may not be up to date at the time of viewing. Please do your due diligence and research on the topic. You (and only you) are responsible for the financial decisions that you make.

[ИгорьИжщенков]

FINALLY a video that got STRAIGHT to the point instead of bulsh**tting around.
THANK YOU VERY MUCH!

[NinjaJay]

Ok this was super helpful. You did in 13 minutes what it took me 3 hours to read through. Thanks!

[wiccacat]

Thank you for this video. I was using the IRS e-file while watching this video. This video made it easier to do my taxes and thanks to it I am getting back more then if I had used turbotax, HNR block, or something. So again thank you as it was very helpful for someone that just wanted to know how to fill out the tax forms.

[coffeephish]

Thanks! I did it right, but then watching this clean simple instruction, made me feel so much more assured that I did it correctly. Really applicate you doing this.

[genevapriest]

YOU just saved me the tax on $531.00!!!
Here is your virtual hug and thanks.

[willlast]

The money on fire joke got me lol. Good stuff thx

[rage_review]

Thank you for a clear and to the point instruction. Better than the other videos I tried by far.

[callieduval]

Thank you I always get stuck on lines 16, 18, 22 and 24 the tax table instructions. Kudos because the IRS can't help "we the people"with nothing but taking money.

[rfranco]

Thank you for creating this simple walkthrough instruction in completing the 2021 IRS Form 1040.

[kh]

Although this is for 2021 IRS filing, I'm going to have my son watch it tomorrow as an introduction for him to learn how to file taxes for the first time. I wish I had access to such informative and succinct videos as this when I started out filing my taxes by hand with pencil and paper.

[tutsecret]

What should I do with the Medicare Tax Witheld from the W2, do I put somewhere on 1040 form and which line? or I add this with the Income tax witheld?

[Mrs_SheSaid]

Having a Budgeting Lesson and Made This a pRt of the lesson. Filling out 1040 Tax Form, Management of Earned Income, deducting expenses and all. Thanks

[Jason_Maier]

Appreciate this video sir.

You don't ramble on endlessly; you get right to the point.

Too bad the IRS doesn't have a system to have people scan their tax returns into a PDF and email them off.

[kimchee]

I just want to type in the boxes provided in a PDF downloaded form from the IRS website. Funny some boxes won't allow me to fill in the numbers this year but had no problems last year. For example try typing a number in line 6 on the PDF Schedule B, no can do. Or is this just me?

[tutsecret]

Do I have to skip the cents, if so, do I have to round up example: 1, 250.20=1, 251. or 1, 251.60=1, 251. Right? What should I do in the credit line stimulus? I received 2 cards in 2021 $600+1, 200, should I put the total amount $1, 800 on which line. If entered this credit, does it benefit me, like increasing my refunds, or it will decrease my refunds, when I finish the final calculations at the end of the form line refund tax amount. I am so confused with this stimulus, I have alread reported the stimulus last year tax, maybe I just reported the stimulus #1.

[Wizman]

This has been super helpful! My family has to do the 1040 on paper as we’ve had electronic dependent options issues. Can’t wait to actually get through it!

[kensweeney]

Thanks for this video. It has helped me figure this mess out quite a bit.

[sorcererstone]

For line 1 in 1040, you said it is the salary of John Doe in the past year. Is this # ($40, 000) corresponding to the # in Box 1 of W2 form (Wages, tips, other compensation) from John Doe's employer, or it (line 1, F1040) corresponds to Box 3 of the W2 form (Social Security Wages)?
How about the Box 6 from W2 forms (Medicare tax withheld)? I don't see anywhere in 1040 that ask for this #.
In 1040, it asks for tax withheld from W2 (line 25a). Is this the sum of Box 2 (Federal income tax withheld) and Box 4 (Social security tax withheld)? or just one of these #s from W2 (and which one is it)?

Thanks in advance.Where in

[finpro]

Thankyou for this video!trying to understand the form 1040 and its intricacies for REG ....this is really helpful.

[junkjrawer]

Very informative and easy to follow! Thank you so much!