Complete Form 1040 For Maria Tallchief For 2022 Tax Year

Complete Form 1040 for Maria Tallchief for the 2022 tax year

Maria Tallchief is a single taxpayer (birthdate May 18, 1995) living at 543 Space Drive, Houston, TX 77099. Her Social Security number is . For 2022, Maria has no dependents, and received a W-2 from her job at a local restaurant where she is a cashier. These wages are Maria's only income for 2022. Required: Complete Form 1040 for Maria Tallchief for the 2022 tax year.

If there is an over-payment, she would like a refund. She wants to donate $3 to the Presidential Election Campaign Fund. The election to donate does not affect tax liability in any way. Maria has health care coverage for the full year. Enter all amounts as positive numbers.

If an amount box requires no entry or the amount is zero, enter "0". If required, round amounts to the nearest dollar.

Paper For Above instruction

Maria Tallchief, a single filer born on May 18, 1995, residing at 543 Space Drive, Houston, TX 77099, earned her income solely through wages reported on a W-2 form from her employment as a cashier at a restaurant. Her 2022 income tax filing requires completing Form 1040, the standard individual income tax return form, to accurately report her income, calculate her tax liability, and determine if she is due a refund.

Starting with her personal data, Maria’s filing status is single, with no dependents, and her address and Social Security number need to be inserted into the form accurately. The primary income component is her wages, which will be reported on Form 1040, Line 1, based on her W-2 wages. Since her sources of income are limited to wages, her taxable income calculation will be straightforward. She should report her total wages from her W-2, which her employer will provide, on the appropriate line in the form.

Next, adjustments to income or deductions are considered. Given that Maria's income consists solely of wages, she may claim the standard deduction available for her filing status. For the 2022 tax year, the standard deduction for a single filer is $12,950. Since her total income is likely below this threshold, her taxable income could be zero, resulting in no tax owed. However, this depends on the exact wage amount, which should be entered from her W-2. If her wages are less than the standard deduction, she will owe no tax, potentially resulting in a refund if she has had withholding taxes or made estimated payments.

Because she has no dependents and only wages, her tax calculation will be straightforward: subtract the standard deduction from her total wages to determine taxable income. Based on that, apply the tax tables or rate schedules to find her tax liability. As her wages likely do not produce a tax liability due to the standard deduction, the focus is on accurately reporting her wages and claiming the standard deduction to confirm.

Maria intends to donate $3 to the Presidential Election Campaign Fund. This donation is voluntary and does not affect her tax liability but will be indicated on her tax form, possibly on Schedule 3, if needed. She also wants a refund if she overpaid taxes. Therefore, her total withholding from her W-2, reduced by her donation, and refundable credits will determine her refund. Because her donation is only $3, it does not impact the calculation significantly.

Finally, she confirms that she had health care coverage throughout 2022. This information is typically reported via Form 1095-A, 1095-B,, or 1095-C, but for her purpose, it ensures she does not have a penalty for lack of coverage.

In completing Form 1040, the steps include entering her personal information, reporting her wages, calculating her standard deduction, applying the tax rates, accounting for her donation, and determining her total tax liability. If excess withholding or payments exceed her tax, she will receive a refund. The form should be rounded to the nearest dollar, and if any amounts are zero, enter “0”.

References

  • Internal Revenue Service. (2022). Form 1040 and Instructions. Retrieved from https://www.irs.gov/forms-pubs/about-form-1040
  • Tax Foundation. (2022). Standard Deduction for Single Filers. Retrieved from https://taxfoundation.org/standard-deduction-2022/
  • Jackson Hewitt. (2022). How to Complete Form 1040. Retrieved from https://www.jacksonhewitt.com/tax/resources/complete-form-1040/
  • IRS. (2022). Publication 17 - Your Federal Income Tax. Retrieved from https://www.irs.gov/publications/p17
  • H&R Block. (2022). Tax Filing Tips for 2022. Retrieved from https://www.hrblock.com/tax-center/irs/tax-filing-tips/
  • Congressional Research Service. (2022). Tax Credits and Deductions. Retrieved from https://crsreports.congress.gov/product/pdf/R/R46812
  • TurboTax. (2022). Guide to Filing a Simple Tax Return. Retrieved from https://turbotax.intuit.com/tax-tools/tax-tips/Personal-Tax-Planning/Steps-to-File-Your-Taxes/INF24149.html
  • Forbes. (2022). Understanding the Standard Deduction and Personal Exemptions. Retrieved from https://www.forbes.com/sites/forbesbusinesscouncil/2022/01/21/understanding-the-standard-deduction-and-personal-exemptions/
  • Intuit. (2022). Tax Refunds Explained. Retrieved from https://quickbooks.intuit.com/r/tax/tax-refund
  • Bankrate. (2022). How Much Do You Get Back in Tax Refunds? Retrieved from https://www.bankrate.com/taxes/tax-refunds/

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