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1040 Ez 2010 Form

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1040 Ez 2010 Form

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SOI Tax Stats - Tax Stats at a Glance

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2013 Tax Stats Card


Summary of Collections Before Refunds by Type of Return, FY 2012 [1]

 


Type of Return


Number of Returns


Gross Collections
(Millions of $)

Individual income tax

146,243,886

1,371,402

Corporation income tax

2,262,961 [2]

280,965

Employment taxes

29,589,891

784,397

Excise taxes

1,196,789

56,175

Gift tax

249,451

2,110

Estate tax

26,859

12,341


Selected Information from Returns Filed


Corporate Returns (TY 2010) [3]
 

 Number filing with assets $250M or more

 14,584

 Percent of total corporate net income for firms with assets $250M or more

73.2%

 


S Corporation Returns (TY 2010) [3]
 

 Number of returns

 4,127,554

 


Partnership Returns  (TY 2011) [3]
 

 Number of returns

3,285,177

 


Individual Returns

Top 1-percent Adjusted Gross Income (AGI) break (TY 2011) [3]

 $388,799

Top 10-percent AGI break (TY 2011) [3]

  $120,077

Median AGI (TY 2011) [3] 

$34,794

 

Percent that claim standard deductions (TY 2011) [3]

  66.5%

Percent that claim itemized deductions (TY 2011) [3]

  31.8%

Percent e-filed (TY 2012) thru 4/25/2013 [4]  

90.1%

Percent using paid preparers (TY 2011) [3]

  56.0%

 

Number of returns with AGI $1M or more (TY 2011) [4] 

304,118

State with the highest number-California (TY 2011)

45,109

State with the least number- Vermont (TY 2011)  

340

 

Number of individual refunds (TY 2011) (millions) [3] 

  113.5

Individual refund amount (TY 2011) (billions of $) [3]

  $325.8

Average individual refund amount (TY 2011)

  $2,872

 

Earned Income Tax Credit (TY 2011) [3]:

Number of returns with credit (millions)  

27.9

Amount claimed (billions of $)

  $62.9

 

Nonprofit Organizations  (TY 2009) [3,5]

Number of returns (Forms 990 & 990-PF filers)  

413,415

Assets controlled by nonprofits (billions of $)  

$3.2

 

Taxpayer Assistance  (FY 2012) [1]

Number assisted by writing, calling, or by walk-in

96,867,755

 

 



Sources and footnotes:

[FY] Fiscal Year 
[TY] Tax Year
[1] Source: IRS Data Book, publication 55B
[2] Excludes S Corporations.
[3] Source—SOI data.
[4] Source— IRS Masterfile System
[5] Organizations tax-exempt under Section 501(c)(3)
 

Revised: August 2013


Return to Tax Stats home page

Page Last Reviewed or Updated: 24-Jan-2014

The 1040 Ez 2010 Form

1040 ez 2010 form 5. 1040 ez 2010 form   Table and Worksheets for the Self-Employed Table of Contents Community property laws. 1040 ez 2010 form As discussed in chapters 2 and 4, if you are self-employed, you must use the rate table or rate worksheet and deduction worksheet to figure your deduction for contributions you made for yourself to a SEP-IRA or qualified plan. 1040 ez 2010 form First, use either the rate table or rate worksheet to find your reduced contribution rate. 1040 ez 2010 form Then complete the deduction worksheet to figure your deduction for contributions. 1040 ez 2010 form The table and the worksheets in chapter 5 apply only to self-employed individuals who have only one defined contribution plan, such as a profit-sharing plan. 1040 ez 2010 form A SEP plan is treated as a profit-sharing plan. 1040 ez 2010 form However, do not use this worksheet for SARSEPs. 1040 ez 2010 form Rate table for self-employed. 1040 ez 2010 form   If your plan's contribution rate is a whole percentage (for example, 12% rather than 12½%), you can use the table on the next page to find your reduced contribution rate. 1040 ez 2010 form Otherwise, use the rate worksheet provided below. 1040 ez 2010 form   First, find your plan contribution rate (the contribution rate stated in your plan) in Column A of the table. 1040 ez 2010 form Then read across to the rate under Column B. 1040 ez 2010 form Enter the rate from Column B in step 4 of the Deduction Worksheet for Self-Employed on this page. 1040 ez 2010 form    Example. 1040 ez 2010 form You are a sole proprietor with no employees. 1040 ez 2010 form If your plan's contribution rate is 10% of a participant's compensation, your rate is 0. 1040 ez 2010 form 090909. 1040 ez 2010 form Enter this rate in step 4 of the Deduction Worksheet for Self-Employed on this page. 1040 ez 2010 form Deduction Worksheet for Self-Employed   Step 1           Enter your net profit from line 31, Schedule C (Form 1040); line 3, Schedule C-EZ (Form 1040); line 34, Schedule F (Form 1040)*; or box 14, code A**, Schedule K-1 (Form 1065)*. 1040 ez 2010 form For information on other income included in net profit from self-employment, see the Instructions for Schedule SE, Form 1040. 1040 ez 2010 form       *Reduce this amount by any amount reported on Schedule SE (Form 1040), line 1b. 1040 ez 2010 form       **General partners should reduce this amount by the same additional expenses subtracted from box 14, code A to determine the amount on line 1 or 2 of Schedule SE. 1040 ez 2010 form     Step 2           Enter your deduction for self-employment tax from Form 1040, line 27             Step 3           Net earnings from self-employment. 1040 ez 2010 form Subtract step 2 from step 1     Step 4           Enter your rate from the Rate Table for Self-Employed or Rate Worksheet for Self-Employed     Step 5           Multiply step 3 by step 4     Step 6           Multiply $255,000 by your plan contribution rate (not the reduced rate)     Step 7           Enter the smaller of step 5 or step 6     Step 8           Contribution dollar limit $51,000     • If you made any elective deferrals to your self-employed plan, go to step 9. 1040 ez 2010 form         • Otherwise, skip steps 9 through 20 and enter the smaller of step 7 or step 8 on step 21. 1040 ez 2010 form       Step 9           Enter your allowable elective deferrals (including designated Roth contributions) made to your self-employed plan during 2013. 1040 ez 2010 form Do not enter more than $17,500     Step 10           Subtract step 9 from step 8     Step 11           Subtract step 9 from step 3       Step 12           Enter one-half of step 11     Step 13           Enter the smallest of step 7, 10, or 12     Step 14           Subtract step 13 from step 3     Step 15           Enter the smaller of step 9 or step 14       • If you made catch-up contributions, go to step 16. 1040 ez 2010 form         • Otherwise, skip steps 16 through 18 and go to step 19. 1040 ez 2010 form       Step 16           Subtract step 15 from step 14     Step 17           Enter your catch-up contributions (including designated Roth contributions), if any. 1040 ez 2010 form Do not enter more than $5,500     Step 18           Enter the smaller of step 16 or step 17     Step 19           Add steps 13, 15, and 18. 1040 ez 2010 form     Step 20           Enter the amount of designated Roth contributions included on lines 9 and 17. 1040 ez 2010 form     Step 21           Subtract step 20 from step 19. 1040 ez 2010 form This is your maximum deductible contribution. 1040 ez 2010 form                 Next: Enter your actual contribution, not to exceed your maximum deductible contribution, on Form 1040, line 28. 1040 ez 2010 form   Rate worksheet for self-employed. 1040 ez 2010 form   If your plan's contribution rate is not a whole percentage (for example, 10½%), you cannot use the Rate Table for Self-Employed. 1040 ez 2010 form Use the following worksheet instead. 1040 ez 2010 form Rate Worksheet for Self-Employed 1) Plan contribution rate as a decimal (for example, 10½% = 0. 1040 ez 2010 form 105)   2) Rate in line 1 plus 1 (for example, 0. 1040 ez 2010 form 105 + 1 = 1. 1040 ez 2010 form 105)   3) Self-employed rate as a decimal rounded to at least 3 decimal places (line 1 ÷ line 2) (for example, 0. 1040 ez 2010 form 105 ÷ 1. 1040 ez 2010 form 105 = 0. 1040 ez 2010 form 095)   Figuring your deduction. 1040 ez 2010 form   Now that you have your self-employed rate from either the rate table or rate worksheet, you can figure your maximum deduction for contributions for yourself by completing the Deduction Worksheet for Self-Employed. 1040 ez 2010 form Community property laws. 1040 ez 2010 form   If you reside in a community property state and you are married and filing a separate return, disregard community property laws for step 1 of the Deduction Worksheet for Self-Employed. 1040 ez 2010 form Enter on step 1 the total net profit you actually earned. 1040 ez 2010 form Rate Table for Self-Employed Column A  If the plan contri- bution rate is: (shown as %) Column B  Your rate is: (shown as decimal) 1 . 1040 ez 2010 form 009901 2 . 1040 ez 2010 form 019608 3 . 1040 ez 2010 form 029126 4 . 1040 ez 2010 form 038462 5 . 1040 ez 2010 form 047619 6 . 1040 ez 2010 form 056604 7 . 1040 ez 2010 form 065421 8 . 1040 ez 2010 form 074074 9 . 1040 ez 2010 form 082569 10 . 1040 ez 2010 form 090909 11 . 1040 ez 2010 form 099099 12 . 1040 ez 2010 form 107143 13 . 1040 ez 2010 form 115044 14 . 1040 ez 2010 form 122807 15 . 1040 ez 2010 form 130435 16 . 1040 ez 2010 form 137931 17 . 1040 ez 2010 form 145299 18 . 1040 ez 2010 form 152542 19 . 1040 ez 2010 form 159664 20 . 1040 ez 2010 form 166667 21 . 1040 ez 2010 form 173554 22 . 1040 ez 2010 form 180328 23 . 1040 ez 2010 form 186992 24 . 1040 ez 2010 form 193548 25* . 1040 ez 2010 form 200000* *The deduction for annual employer contributions (other than elective deferrals) to a SEP plan, a profit-sharing plan, or a money purchase plan cannot be more than 20% of your net earnings (figured without deducting contributions for yourself) from the business that has the plan. 1040 ez 2010 form Example. 1040 ez 2010 form You are a sole proprietor with no employees. 1040 ez 2010 form The terms of your plan provide that you contribute 8½% (. 1040 ez 2010 form 085) of your compensation to your plan. 1040 ez 2010 form Your net profit from line 31, Schedule C (Form 1040) is $200,000. 1040 ez 2010 form You have no elective deferrals or catch-up contributions. 1040 ez 2010 form Your self-employment tax deduction on line 27 of Form 1040 is $9,728. 1040 ez 2010 form See the filled-in portions of both Schedule SE (Form 1040), Self-Employment Income, and Form 1040, later. 1040 ez 2010 form You figure your self-employed rate and maximum deduction for employer contributions you made for yourself as follows. 1040 ez 2010 form Deduction Worksheet for Self-Employed   Step 1           Enter your net profit from line 31, Schedule C (Form 1040); line 3, Schedule C-EZ (Form 1040); line 34, Schedule F (Form 1040)*; or box 14, code A**, Schedule K-1 (Form 1065)*. 1040 ez 2010 form For information on other income included in net profit from self-employment, see the Instructions for Schedule SE, Form 1040. 1040 ez 2010 form $200,000     *Reduce this amount by any amount reported on Schedule SE (Form 1040), line 1b. 1040 ez 2010 form       **General partners should reduce this amount by the same additional expenses subtracted from box 14, code A to determine the amount on line 1 or 2 of Schedule SE. 1040 ez 2010 form     Step 2           Enter your deduction for self-employment tax from Form 1040, line 27 9,728           Step 3           Net earnings from self-employment. 1040 ez 2010 form Subtract step 2 from step 1 190,272   Step 4           Enter your rate from the Rate Table for Self-Employed or Rate Worksheet for Self-Employed 0. 1040 ez 2010 form 078   Step 5           Multiply step 3 by step 4 14,841   Step 6           Multiply $255,000 by your plan contribution rate (not the reduced rate) 21,675   Step 7           Enter the smaller of step 5 or step 6 14,841   Step 8           Contribution dollar limit $51,000     • If you made any elective deferrals to your self-employed plan, go to step 9. 1040 ez 2010 form         • Otherwise, skip steps 9 through 20 and enter the smaller of step 7 or step 8 on step 21. 1040 ez 2010 form       Step 9           Enter your allowable elective deferrals (including designated Roth contributions) made to your self-employed plan during 2013. 1040 ez 2010 form Do not enter more than $17,500 N/A   Step 10           Subtract step 9 from step 8     Step 11           Subtract step 9 from step 3       Step 12           Enter one-half of step 11     Step 13           Enter the smallest of step 7, 10, or 12     Step 14           Subtract step 13 from step 3     Step 15           Enter the smaller of step 9 or step 14       • If you made catch-up contributions, go to step 16. 1040 ez 2010 form         • Otherwise, skip steps 16 through 18 and go to step 19. 1040 ez 2010 form       Step 16           Subtract step 15 from step 14     Step 17           Enter your catch-up contributions (including designated Roth contributions), if any. 1040 ez 2010 form Do not enter more than $5,500     Step 18           Enter the smaller of step 16 or step 17     Step 19           Add steps 13, 15, and 18. 1040 ez 2010 form     Step 20           Enter the amount of designated Roth contributions included on lines 9 and 17     Step 21           Subtract step 20 from step 19. 1040 ez 2010 form This is your maximum deductible contribution $14,841                 Next: Enter your actual contribution, not to exceed your maximum deductible contribution, on Form 1040, line 28. 1040 ez 2010 form   See the filled-in Deduction Worksheet for Self-Employed on this page. 1040 ez 2010 form Rate Worksheet for Self-Employed 1) Plan contribution rate as a decimal (for example, 10½% = 0. 1040 ez 2010 form 105) 0. 1040 ez 2010 form 085 2) Rate in line 1 plus 1 (for example, 0. 1040 ez 2010 form 105 + 1 = 1. 1040 ez 2010 form 105) 1. 1040 ez 2010 form 085 3) Self-employed rate as a decimal rounded to at least 3 decimal places (line 1 ÷ line 2) (for example, 0. 1040 ez 2010 form 105 ÷ 1. 1040 ez 2010 form 105 = 0. 1040 ez 2010 form 095) 0. 1040 ez 2010 form 078 This image is too large to be displayed in the current screen. 1040 ez 2010 form Please click the link to view the image. 1040 ez 2010 form Portion of Form 1040 and Portion of Schedule SE Prev  Up  Next   Home   More Online Publications