Filing Your Taxes Online is Fast, Easy and Secure.
Start now and receive your tax refund in as little as 7 days.

1. Get Answers

Your online questions are customized to your unique tax situation.

2. Maximize your Refund

Find tax credits for everything from school tuition to buying a hybri

3. E-File for FREE

E-file free with direct deposit to get your refund in as few as 7 days.

Filing your taxes with paper mail can be difficult and it could take weeks for your refund to arrive. IRS e-file is easy, fast and secure. There is no paperwork going to the IRS so tax refunds can be processed in as little as 7 days with direct deposit. As you prepare your taxes online, you can see your tax refund in real time.

FREE audit support and representation from an enrolled agent – NEW and only from H&R Block

Federal Tax Form 1040ez

Taxslayer LoginH&r Block Military Tax ReturnFree State E FilingFree State Tax ServiceIrs Forms 1040Prior Year Tax ReturnsFree Tax Filing 2012Efile Tax Return Online Free Federal And State1040x Fillable Form1040a Tax FormAmend 2010 ReturnFiling Extension For 2011How Do You Amend A Tax ReturnH&r Block TaxWhere Can You File State Taxes For FreeE File Federal Taxes 2012Filing 1040x Online FreeH And R Block ComH And R Block OnlineAmendment Tax Return 2012Amending A 2011 Tax ReturnFiling Income Tax For 2012Taxact 1040xIrs 1040ez InstructionsTax Planning Us State Income TaxesTurbo TaxFiling State ReturnsFree State Tax Filing Online1040 AIrs Form 1040H And R Block OnlineIrs Forms For 2011Freetaxusa Com1040ez20122012 Tax Form 9401040x FileHow To File An Amended State Tax ReturnFree Efile 1040ezFind State Tax ReturnHow To File Amended Tax Return

Federal Tax Form 1040ez

Federal tax form 1040ez 1. Federal tax form 1040ez   Scholarships, Fellowships, Grants, and Tuition Reductions Table of Contents Reminder Introduction Scholarships and FellowshipsTax-Free Scholarships and Fellowships Taxable Scholarships and Fellowships Reporting Scholarships and Fellowships Other Types of Educational AssistanceFulbright Grants Pell Grants and Other Title IV Need-Based Education Grants Payment to Service Academy Cadets Veterans' Benefits Qualified Tuition Reduction Reminder Individual retirement arrangements (IRAs). Federal tax form 1040ez  You can set up and make contributions to an IRA if you receive taxable compensation. Federal tax form 1040ez Under this rule, a taxable scholarship or fellowship is compensation only if it is shown in box 1 of your Form W-2, Wage and Tax Statement. Federal tax form 1040ez For more information about IRAs, see Publication 590. Federal tax form 1040ez Introduction This chapter discusses the income tax treatment of various types of educational assistance you may receive if you are studying, teaching, or researching in the United States. Federal tax form 1040ez The educational assistance can be for a primary or secondary school, a college or university, or a vocational school. Federal tax form 1040ez Included are discussions of: Scholarships, Fellowships, Need-based education grants, such as a Pell Grant, and Qualified tuition reductions. Federal tax form 1040ez Many types of educational assistance are tax free if they meet the requirements discussed here. Federal tax form 1040ez Special rules apply to U. Federal tax form 1040ez S. Federal tax form 1040ez citizens and resident aliens who have received scholarships or fellowships for studying, teaching, or researching abroad. Federal tax form 1040ez For information about these rules, see Publication 54, Tax Guide for U. Federal tax form 1040ez S. Federal tax form 1040ez Citizens and Resident Aliens Abroad. Federal tax form 1040ez Scholarships and Fellowships A scholarship is generally an amount paid or allowed to, or for the benefit of, a student (whether an undergraduate or a graduate) at an educational institution to aid in the pursuit of his or her studies. Federal tax form 1040ez A fellowship is generally an amount paid for the benefit of an individual to aid in the pursuit of study or research. Federal tax form 1040ez Amount of scholarship or fellowship. Federal tax form 1040ez   The amount of a scholarship or fellowship includes the following: The value of contributed services and accommodations. Federal tax form 1040ez This includes such services and accommodations as room (lodging), board (meals), laundry service, and similar services or accommodations that are received by an individual as a part of a scholarship or fellowship. Federal tax form 1040ez The amount of tuition, matriculation, and other fees that are paid or remitted to the student to aid the student in pursuing study or research. Federal tax form 1040ez Any amount received in the nature of a family allowance as a part of a scholarship or fellowship. Federal tax form 1040ez Tax-Free Scholarships and Fellowships A scholarship or fellowship is tax free (excludable from gross income) only if you are a candidate for a degree at an eligible educational institution. Federal tax form 1040ez A scholarship or fellowship is tax free only to the extent: It does not exceed your expenses; It is not designated or earmarked for other purposes (such as room and board), and does not require (by its terms) that it cannot be used for qualified education expenses; and It does not represent payment for teaching, research, or other services required as a condition for receiving the scholarship. Federal tax form 1040ez (But for exceptions, see Payment for services,later. Federal tax form 1040ez Use Worksheet 1–1 to figure the amount of a scholarship or fellowship you can exclude from gross income. Federal tax form 1040ez Candidate for a degree. Federal tax form 1040ez   You are a candidate for a degree if you: Attend a primary or secondary school or are pursuing a degree at a college or university, or Attend an educational institution that: Provides a program that is acceptable for full credit toward a bachelor's or higher degree, or offers a program of training to prepare students for gainful employment in a recognized occupation; and Is authorized under federal or state law to provide such a program and is accredited by a nationally recognized accreditation agency. Federal tax form 1040ez Eligible educational institution. Federal tax form 1040ez   An eligible educational institution is one whose primary function is the presentation of formal instruction and that normally maintains a regular faculty and curriculum and normally has a regularly enrolled body of students in attendance at the place where it carries on its educational activities. Federal tax form 1040ez Qualified education expenses. Federal tax form 1040ez   For purposes of tax-free scholarships and fellowships, these are expenses for: Tuition and fees required to enroll at or attend an eligible educational institution, and Course-related expenses, such as fees, books, supplies, and equipment that are required for the courses at the eligible educational institution. Federal tax form 1040ez These items must be required of all students in your course of instruction. Federal tax form 1040ez Expenses that do not qualify. Federal tax form 1040ez   Qualified education expenses do not include the cost of: Room and board, Travel, Research, Clerical help, or Equipment and other expenses that are not required for enrollment in or attendance at an eligible educational institution. Federal tax form 1040ez Payment for services. Federal tax form 1040ez   Generally, you cannot exclude from your gross income the part of any scholarship or fellowship that represents payment for teaching, research, or other services required as a condition for receiving the scholarship. Federal tax form 1040ez This applies even if all candidates for a degree must perform the services to receive the degree. Federal tax form 1040ez (See exceptions next. Federal tax form 1040ez ) Exceptions. Federal tax form 1040ez   You do not have to treat as payment for services the part of any scholarship or fellowship that represents payment for teaching, research, or other services if you receive the amount under: The National Health Service Corps Scholarship Program, or The Armed Forces Health Professions Scholarship and Financial Assistance Program. Federal tax form 1040ez Example 1. Federal tax form 1040ez You received a scholarship of $2,500. Federal tax form 1040ez The scholarship was not received under either of the exceptions mentioned above. Federal tax form 1040ez As a condition for receiving the scholarship, you must serve as a part-time teaching assistant. Federal tax form 1040ez Of the $2,500 scholarship, $1,000 represents payment for teaching. Federal tax form 1040ez The provider of your scholarship gives you a Form W-2 showing $1,000 as income. Federal tax form 1040ez Your qualified education expenses were at least $1,500. Federal tax form 1040ez Assuming that all other conditions are met, $1,500 of your scholarship is tax free. Federal tax form 1040ez The $1,000 you received for teaching is taxable. Federal tax form 1040ez Example 2. Federal tax form 1040ez You are a candidate for a degree at a medical school. Federal tax form 1040ez You receive a scholarship (not under either of the exceptions mentioned above) for your medical education and training. Federal tax form 1040ez The terms of your scholarship require you to perform future services. Federal tax form 1040ez A substantial penalty applies if you do not comply. Federal tax form 1040ez The entire amount of your grant is taxable as payment for services in the year it is received. Federal tax form 1040ez Athletic Scholarships An athletic scholarship is tax free only if and to the extent it meets the requirements discussed later. Federal tax form 1040ez Worksheet 1-1. Federal tax form 1040ez    You can use Worksheet 1-1, Taxable Scholarship and Fellowship Income , later, to figure the tax-free and taxable parts of your athletic scholarship. Federal tax form 1040ez    Worksheet 1-1. Federal tax form 1040ez Taxable Scholarship and Fellowship Income 1. Federal tax form 1040ez Enter the total amount of any scholarship or fellowship for 2013. Federal tax form 1040ez See Amount of scholarship or fellowship, earlier. Federal tax form 1040ez 1. Federal tax form 1040ez       If you are a degree candidate at an eligible educational institution, go to line 2. Federal tax form 1040ez If you are not a degree candidate at an eligible educational institution, stop here. Federal tax form 1040ez The entire amount is taxable. Federal tax form 1040ez For information on how to report this amount on your tax return, see Reporting Scholarships and Fellowships , earlier, in this chapter. Federal tax form 1040ez       2. Federal tax form 1040ez Enter the amount from line 1 that was for teaching, research, or any other services required as a condition for receiving the scholarship. Federal tax form 1040ez (Do not include amounts received for these items under the National Health Service Corps Scholarship Program or the Armed Forces Health Professions Scholarship and Financial Assistance Program. Federal tax form 1040ez ) 2. Federal tax form 1040ez     3. Federal tax form 1040ez Subtract line 2 from line 1 3. Federal tax form 1040ez     4. Federal tax form 1040ez Enter the amount from line 3 that your scholarship or fellowship required you to use for other than qualified education expenses 4. Federal tax form 1040ez     5. Federal tax form 1040ez Subtract line 4 from line 3 5. Federal tax form 1040ez     6. Federal tax form 1040ez Enter the amount of your qualified education expenses 6. Federal tax form 1040ez     7. Federal tax form 1040ez Enter the smaller of line 5 or line 6. Federal tax form 1040ez This amount is the most you can exclude from your gross income (the tax-free part of the scholarship or fellowship) 7. Federal tax form 1040ez     8. Federal tax form 1040ez Subtract line 7 from line 5 8. Federal tax form 1040ez     9. Federal tax form 1040ez Taxable part. Federal tax form 1040ez Add lines 2, 4, and 8. Federal tax form 1040ez See Reporting Scholarships and Fellowships , earlier, for how to report this amount on your tax return 9. Federal tax form 1040ez     Taxable Scholarships and Fellowships If and to the extent your scholarship or fellowship does not meet the requirements described earlier, it is taxable and must be included in gross income. Federal tax form 1040ez You can use Worksheet 1–1, Taxable Scholarship and Fellowship Income, later, to figure the tax-free and taxable parts of your scholarship or fellowship. Federal tax form 1040ez Reporting Scholarships and Fellowships Whether you must report your scholarship or fellowship depends on whether you must file a return and whether any part of your scholarship or fellowship is taxable. Federal tax form 1040ez If your only income is a completely tax-free scholarship or fellowship, you do not have to file a tax return and no reporting is necessary. Federal tax form 1040ez If all or part of your scholarship or fellowship is taxable and you are required to file a tax return, report the taxable amount as explained below. Federal tax form 1040ez You must report the taxable amount whether or not you received a Form W-2. Federal tax form 1040ez If you receive an incorrect Form W-2, ask the payer for a corrected one. Federal tax form 1040ez For information on whether you must file a return, see Publication 501, Exemptions, Standard Deduction, and Filing Information, or your income tax form instructions. Federal tax form 1040ez How To Report How you report any taxable scholarship or fellowship income depends on which return you file. Federal tax form 1040ez Form 1040EZ. Federal tax form 1040ez   If you file Form 1040EZ, include the taxable amount in the total on line 1. Federal tax form 1040ez If the taxable amount was not reported on Form W-2, also enter “SCH” and the taxable amount in the space to the left of line 1. Federal tax form 1040ez Form 1040A. Federal tax form 1040ez   If you file Form 1040A, include the taxable amount in the total on line 7. Federal tax form 1040ez If the taxable amount was not reported on Form W-2, also enter “SCH” and the taxable amount in the space to the left of line 7. Federal tax form 1040ez Form 1040. Federal tax form 1040ez   If you file Form 1040, include the taxable amount in the total on line 7. Federal tax form 1040ez If the taxable amount was not reported on Form W-2, also enter “SCH” and the taxable amount on the dotted line next to line 7. Federal tax form 1040ez Schedule SE (Form 1040). Federal tax form 1040ez   To determine your net earnings from self-employment, include amounts you receive under a scholarship as pay for your services that are reported to you on Form 1099-MISC, Miscellaneous Income. Federal tax form 1040ez If your net earnings are $400 or more, you must pay self-employment tax. Federal tax form 1040ez Use Schedule SE, Self-Employment Tax, to figure this tax. Federal tax form 1040ez Form 1040NR. Federal tax form 1040ez   If you file Form 1040NR, report the taxable amount on line 12. Federal tax form 1040ez Generally, you must report the amount shown in box 2 of Form(s) 1042-S, Foreign Person's U. Federal tax form 1040ez S. Federal tax form 1040ez Source Income Subject to Withholding. Federal tax form 1040ez See the Instructions for Form 1040NR for more information. Federal tax form 1040ez Form 1040NR-EZ. Federal tax form 1040ez   If you file Form 1040NR-EZ, report the taxable amount on line 5. Federal tax form 1040ez Generally, you must report the amount shown in box 2 of Form(s) 1042-S. Federal tax form 1040ez See the Instructions for Form 1040NR-EZ for more information. Federal tax form 1040ez Other Types of Educational Assistance The following discussions deal with other common types of educational assistance. Federal tax form 1040ez Fulbright Grants A Fulbright grant is generally treated as a scholarship or fellowship in figuring how much of the grant is tax free. Federal tax form 1040ez Pell Grants and Other Title IV Need-Based Education Grants These need-based grants are treated as scholarships for purposes of determining their tax treatment. Federal tax form 1040ez They are tax free to the extent used for qualified education expenses during the period for which a grant is awarded. Federal tax form 1040ez Payment to Service Academy Cadets An appointment to a United States military academy is not a scholarship or fellowship. Federal tax form 1040ez Payment you receive as a cadet or midshipman at an armed services academy is pay for personal services and will be reported to you in box 1 of Form W-2. Federal tax form 1040ez Include this pay in your income in the year you receive it unless one of the exceptions, discussed earlier under Payment for services , applies. Federal tax form 1040ez Veterans' Benefits Payments you receive for education, training, or subsistence under any law administered by the Department of Veterans Affairs (VA) are tax free. Federal tax form 1040ez Do not include these payments as income on your federal tax return. Federal tax form 1040ez If you qualify for one or more of the education benefits discussed in chapters 2 through 12, you may have to reduce the amount of education expenses qualifying for a specific benefit by part or all of your VA payments. Federal tax form 1040ez This applies only to the part of your VA payments that is required to be used for education expenses. Federal tax form 1040ez You may want to visit the Veteran's Administration website at www. Federal tax form 1040ez gibill. Federal tax form 1040ez va. Federal tax form 1040ez gov for specific information about the various VA benefits for education. Federal tax form 1040ez Example. Federal tax form 1040ez You have returned to college and are receiving two education benefits under the latest GI Bill: (1) a $1,534 monthly basic housing allowance (BHA) that is directly deposited to your checking account, and (2) $3,840 paid directly to your college for tuition. Federal tax form 1040ez Neither of these benefits is taxable and you do not report them on your tax return. Federal tax form 1040ez You also want to claim an American opportunity credit on your return. Federal tax form 1040ez You paid $5,000 in qualified education expenses (see chapter 2, American Opportunity Credit , later). Federal tax form 1040ez To figure the amount of credit, you must first subtract the $3,840 from your qualified education expenses because this payment under the GI Bill was required to be used for education expenses. Federal tax form 1040ez You do not subtract any amount of the BHA because it was paid to you and its use was not restricted. Federal tax form 1040ez Qualified Tuition Reduction If you are allowed to study tuition free or for a reduced rate of tuition, you may not have to pay tax on this benefit. Federal tax form 1040ez This is called a “tuition reduction. Federal tax form 1040ez ” You do not have to include a qualified tuition reduction in your income. Federal tax form 1040ez A tuition reduction is qualified only if you receive it from, and use it at, an eligible educational institution. Federal tax form 1040ez You do not have to use the tuition reduction at the eligible educational institution from which you received it. Federal tax form 1040ez In other words, if you work for an eligible educational institution and the institution arranges for you to take courses at another eligible educational institution without paying any tuition, you may not have to include the value of the free courses in your income. Federal tax form 1040ez The rules for determining if a tuition reduction is qualified, and therefore tax free, are different if the education provided is below the graduate level or is graduate education. Federal tax form 1040ez You must include in your income any tuition reduction you receive that is payment for your services. Federal tax form 1040ez Eligible educational institution. Federal tax form 1040ez   An eligible educational institution is one that maintains a regular faculty and curriculum and normally has a regularly enrolled body of students in attendance at the place where it carries on its educational activities. Federal tax form 1040ez Officers, owners, and highly compensated employees. Federal tax form 1040ez   Qualified tuition reductions apply to officers, owners, or highly compensated employees only if benefits are available to employees on a nondiscriminatory basis. Federal tax form 1040ez This means that the tuition reduction benefits must be available on substantially the same basis to each member of a group of employees. Federal tax form 1040ez The group must be defined under a reasonable classification set up by the employer. Federal tax form 1040ez The classification must not discriminate in favor of owners, officers, or highly compensated employees. Federal tax form 1040ez Payment for services. Federal tax form 1040ez   Generally, you must include in income the part of any qualified tuition reduction that represents payment for teaching, research, or other services by the student required as a condition of receiving the qualified tuition reduction. Federal tax form 1040ez This applies even if all candidates for a degree must perform the services to receive the degree. Federal tax form 1040ez (See below for exceptions. Federal tax form 1040ez ) Exceptions. Federal tax form 1040ez   You do not have to include in income the part of any scholarship or fellowship that represents payment for teaching, research, or other services if you receive the amount under: The National Health Service Corps Scholarship Program, or The Armed Forces Health Professions Scholarship and Financial Assistance Program. Federal tax form 1040ez Education Below the Graduate Level If you receive a tuition reduction for education below the graduate level (including primary, secondary, or high school), it is a qualified tuition reduction, and therefore tax free, only if your relationship to the educational institution providing the benefit is described below. Federal tax form 1040ez You are an employee of the eligible educational institution. Federal tax form 1040ez You were an employee of the eligible educational institution, but you retired or left on disability. Federal tax form 1040ez You are a widow or widower of an individual who died while an employee of the eligible educational institution or who retired or left on disability. Federal tax form 1040ez You are the dependent child or spouse of an individual described in (1) through (3), above. Federal tax form 1040ez Child of deceased parents. Federal tax form 1040ez   For purposes of the qualified tuition reduction, a child is a dependent child if the child is under age 25 and both parents have died. Federal tax form 1040ez Child of divorced parents. Federal tax form 1040ez   For purposes of the qualified tuition reduction, a dependent child of divorced parents is treated as the dependent of both parents. Federal tax form 1040ez Graduate Education A tuition reduction you receive for graduate education is qualified, and therefore tax free, if both of the following requirements are met. Federal tax form 1040ez It is provided by an eligible educational institution. Federal tax form 1040ez You are a graduate student who performs teaching or research activities for the educational institution. Federal tax form 1040ez You must include in income any other tuition reductions for graduate education that you receive. Federal tax form 1040ez How To Report Any tuition reduction that is taxable should be included as wages in box 1 of your Form W-2. Federal tax form 1040ez Report the amount from Form W-2, box 1, on line 7 (Form 1040 or Form 1040A) or line 1 (Form 1040EZ). Federal tax form 1040ez Prev  Up  Next   Home   More Online Publications
Print - Click this link to Print this page

SOI Tax Stats - Income from Trusts and Estates Statistics

Return to the Tax Stats home page

Snapshot of Estate and Trust Income Tax Statistics

The U.S. Income Tax Return for Estates and Trusts (Form 1041) is used to report the income, deductions, gains, and losses of estates and trusts, as well as distributions to beneficiaries and income tax liability. Entities are classified into types based on their purpose. These types include:

  • decedent's estates
  • simple trusts
  • complex trusts
  • qualified disability trusts
  • electing small business trust (ESBT)
  • grantor type trust
  • bankruptcy estates
  • pooled income funds

For information about selected terms and concepts, a description of the data sources and limitations, and links to recent revisions of Form 1041, please visit Income from Trusts and Estates Study Metadata.
 

Statistical Tables   SOI Bulletin Articles       Other IRS Data
 

 


Statistical Tables

The following tables are available as Microsoft Excel®  files.  A free Excel viewer is available for download, if needed.

Fiduciary Returns - Sources of Income, Deductions, and Tax Liability, by Tax Status and Size of Gross Income

Fiduciary Returns - Sources of Income, Deductions, and Tax Liability, by Type of Entity

Fiduciary Income and Deductions, by State and Entity Type

 

Archive - Fiduciary Income Tax Returns
 

To make customized tables using this data, please visit the Statistics of Income Tax Stats Table Wizard.

 

Projections

For selected tax returns, including the Form 1041, IRS's Office of Research produces annual forecasts of the number of returns that will be filed in future years.
    Projections of Returns to be Filed in Future Calendar Years


 

(Back to top)

SOI Bulletin Articles

The following are available as PDF files.  A free Adobe® reader is available for download, if needed.

 

  • Fiduciary Income Tax Returns

               2003-2004          1997          1982

(Back to top)

Other SOI Data on Trusts

Form 5227 is an information return filed by split-interest trusts, those who make distributions to both charitable and noncharitable beneficiaries, while providing tax benefits to their donor.  Certain charitable trusts, those treated as private foundations except that they are not exempt from income taxes, annually file Form 990-PF.

(Back to top)

Other IRS Data and Related Links

For tax administration data on this topic, as well as other types of taxes, choose from the links below.

(Back to top)

Return to the Tax Stats home page

Page Last Reviewed or Updated: 06-Jan-2014

The Federal Tax Form 1040ez

Federal tax form 1040ez Publication 3 - Additional Material Prev  Up  Next   Home   More Online Publications