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Music how to fill out the 2022 irs form 1040 the 1044 may look complex however don't be overwhelmed with doing taxes and filling out the form here we will step through some of the more common lines for the 1040 to help give you an idea of what things you likely will need to fill out first what is form 1040 form 1040 is the u.s individual income tax return it is a federal income tax form that people use to report their income to the irs and claim tax deductions or credits it is used to calculate their tax refund and tax bill for the year you may file your tax return online with tax software or you can also download form 1040 directly from the irs website if you prefer to complete your return by hand what is on the 1040 tax form before we get into the details of the 1040 let's take a quick overview of what we will be looking at first it asks you who you are the top of form 1040 collects basic information such as your name address social security number your tax filing status and how many tax dependents you have next you calculate your taxable income by adding up all your income for the year your taxable income is the amount of income that is subject to income taxes on page 2 of the 1040 form you calculate the taxes you owe your tax liability you can subtract any tax credits you may be eligible for and any taxes that you have already paid via withholding from your paychecks throughout the year finally you will determine your tax bill or refund this will tell you whether you have already paid any or all of the tax bill the form 1040 can also help you determine whether tax credits or withholding taxes covered your tax bill you'll be eligible for a refund if you have overpaid during the year now let's take a look at the details of the example tax form to see how it looks here we will step through some of the more common filled in lines for the 1040 to help give you an idea of what things you may need to fill out this is form 1040 u.s individual income tax return for the year 2022. this example form has been filled out for john he is single so for filing status he has checked the single box next he has filled in his name and social security number he also filled out his address information now there is a question about virtual currency he does not own any so he checked the no box no one can claim him as a dependent and he has no dependence so all that information is left blank next he entered his income information john is employed and he earned sixteen 16 150 this year he got that information from his w-2 form which was ...