2020 Form 1040



Form1040Department of the Treasury—Internal Revenue Service(99)U.S. Individual Income Tax Return2020OMB No. 1545-0074IRS Use Only—Do not write or staple in this space.Filing Status? SingleMarried filing jointlyMarried filing separately (MFS)Head of household (HOH)Qualifying widow(er) (QW)Check only one box.If you checked the MFS box, enter the name of your spouse. If you checked the HOH or QW box, enter the child’s name if the qualifying person is a child but not your dependent ?Foreign postal codeForeign province/state/countyZIP codeStateApt. no.Last nameLast nameYour first name and middle initialYour social security numberIf joint return, spouse’s first name and middle initialSpouse’s social security numberHome address (number and street). If you have a P.O. box, see instructions.City, town, or post office. If you have a foreign address, also complete spaces below. Foreign country namePresidential Election Campaign Check here if you, or your spouse if filing jointly, want $3 to go to this fund. Checking a box below will not changeyour tax or refund.YouSpouseStandard Deductiong 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?At any time durinSomeone can claim:You as a dependentYour spouse as a dependent Spouse itemizes on a separate return or you were a dual-status alienYesNoAge/Blindness You:Were born before January 2, 1956Are blindSpouse:Was born before January 2, 1956Is blindDependents (see instructions):Social securityRelationship? if qualifies for (see instructions):If more than fourdependents, see instructions and check here ?(1) First nameLast namenumberto youChild tax creditCredit for other dependents1Wages, salaries, tips, etc. Attach Form(s) W-2 . . . . . . . . . . . . . . . .160,0002a3a4a5a6aAttach Sch. B if required.Standard2a Tax-exempt interest . . . 3a Qualified dividends . . . 4a IRA distributions . . . .5a Pensions and annuities . .6a Social security benefits . .b Taxable interest2bb Ordinary dividends3bb Taxable amount4bb Taxable amount5bb Taxable amount6b500Deduction for—7Single orMarried filing89separately,$12,400Married filing10jointly orQualifyingabwidow(er),$24,800Head ofc11household,$18,650If you checked12any box underStandard1314Deduction,see instructions.15Capital gain or (loss). Attach Schedule D if required. If not required, check here?Other income from Schedule 1, line 9 . . . . . . . . . . . . . . . . . .Add lines 1, 2b, 3b, 4b, 5b, 6b, 7, and 8. This is your total income . . . . . . . . .Adjustments to income:From Schedule 1, line 2210aCharitable contributions if you take the standard deduction. See instructions10bAdd lines 10a and 10b. These are your total adjustments to income . . . . . . . .Subtract line 10c from line 9. This is your adjusted gross income . . . . . . . . .Standard deduction or itemized deductions (from Schedule A). . . . . . . . .Qualified business income deduction. Attach Form 8995 or Form 8995-A . . . . . . .Add lines 12 and 13 . . . . . . . . . . . . . . . . . . . . . . .Taxable income. Subtract line 14 from line 11. If zero or less, enter -0- . . . . . . . ..?1,200300??....78910c 111213141525060,7501,50059,25012,40046,850For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions.Cat. No. 11320BForm 1040 (2020)Form 1040 (2020)Page 2Tax (see instructions). Check if any from Form(s): 18814249723 ..166,055.50Amount from Schedule 2, line 317Add lines 16 and 1718Child tax credit or credit for other dependents19Amount from Schedule 3, line 720Add lines 19 and 2021Subtract line 21 from line 18. If zero or less, enter -0-22Other taxes, including self-employment tax, from Schedule 2, line 1023Add lines 22 and 23. This is your total tax. . . . . . . . . . . . . . . . ?24Federal income tax withheld from:6,055.50If you have a qualifying child, attach Sch. EIC.If you have nontaxable combat pay, see instructions.a Form(s) W-2 . . . . . . . . . . . . . . . . . .b Form(s) 1099 . . . . . . . . . . . . . . . . . .Other forms (see instructions) . . . . . . . . . . . . .Add lines 25a through 25c . . . . . . . . . . . . . . .2020 estimated tax payments and amount applied from 2019 return . . .Earned income credit (EIC) . . . . . . . . . . . . . .Additional child tax credit. Attach Schedule 8812. . . . . . .American opportunity credit from Form 8863, line 8 . . . . . . .Recovery rebate credit. See instructions . . . . . . . . . .Amount from Schedule 3, line 13 . . . . . . . . . . . .25a 25b 25c. .. .27282930316,000. . . . .. . . . .25d 266,000RefundDirect deposit? See instructions.Amount You OweFor details on how to pay, see instructions.Third PartyAdd lines 27 through 31. These are your total other payments and refundable credits . . . ?Add lines 25d, 26, and 32. These are your total payments?If line 33 is more than line 24, subtract line 24 from line 33. This is the amount you overpaid. .35a Amount of line 34 you want refunded to you. If Form 8888 is attached, check here?? b Routing number? c Type:CheckingSavings? d Account numberAmount of line 34 you want applied to your 2021 estimated tax . .?36Subtract line 33 from line 24. This is the amount you owe now?Note: Schedule H and Schedule SE filers, line 37 may not represent all of the taxes you owe for 2020. See Schedule 3, line 12e, and its instructions for details.Estimated tax penalty (see instructions) . . . . . . . . .?38Do you want to allow another person to discuss this return with the IRS? See32333435a376,00055.50Designeeinstructions?Yes. Complete below.NoDesignee’s name ?Phone no. ?Personal identification number (PIN) ?Sign HereJoint return? See instructions. Keep a copy for your records.Paid Preparer Use OnlyUnder penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.▲Your signatureDateYour occupationIf the IRS sent you an Identity Protection PIN, enter it here (see inst.) ?Spouse’s signature. If a joint return, both must sign.DateSpouse’s occupationIf the IRS sent your spouse anIdentity Protection PIN, enter it here (see inst.) ?Phone no.Email addressPreparer’s namePreparer’s signatureDatePTINCheck if:Self-employedFirm’s name ?Phone no.Firm’s address ?Firm’s EIN ?Go to Form1040 for instructions and the latest information.Form 1040 (2020) ................
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