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1. In the box, enter the amount you earned from working in 2021. This can be found on your IRS 1040 on Line 1 (if you filed taxes) or on W-2's from your employer (if you did not file taxes). If you did not work in 2021, you would enter a zero (0).
1. In the box, enter the amount you earned from working in 2021. This can be found on your IRS 1040 on Line 1 (if you filed taxes) or on W-2's from your employer (if you did not file taxes). If you did not work in 2021, you would enter a zero (0).
If you completed a Schedule 1, you would also add the amounts listed in the question. This is not very common for high school students - most high school students will only enter the amount from their 1040, Line 1.
If you completed a Schedule 1, you would also add the amounts listed in the question. This is not very common for high school students - most high school students will only enter the amount from their 1040, Line 1.
Depending on the amount of income reported, you may see the following questions.
Depending on the amount of income reported, you may see the following questions.
2. In the next box, enter the amount that you have in cash, savings, and checking AS OF TODAY.
2. In the next box, enter the amount that you have in cash, savings, and checking AS OF TODAY.
Subtract any bills that must be paid for the month before entering this amount.
Subtract any bills that must be paid for the month before entering this amount.
3. Enter the amount that you have in investments AS OF TODAY.
3. Enter the amount that you have in investments AS OF TODAY.
It is not unusual for this box to be zero.
It is not unusual for this box to be zero.
4. Enter the value of any businesses or investment farms that you own AS OF TODAY.
4. Enter the value of any businesses or investment farms that you own AS OF TODAY.
It is not unusual for this box to be zero. Do not include the value of businesses that have less than 100 employees.
It is not unusual for this box to be zero. Do not include the value of businesses that have less than 100 employees.
5. Click Save and Continue.
5. Click Save and Continue.
It is possible for all of these boxes to have zeroes.
It is possible for all of these boxes to have zeroes.
Depending on the amount of income reported, you may see the following question.
Depending on the amount of income reported, you may see the following question.
- If you are paying child support, enter the amount.
Most students will leave this as zero (0).
Most students will leave this as zero (0).
Depending on the amount of income reported, you may see the following questions.
Depending on the amount of income reported, you may see the following questions.
- In the boxes, enter the amounts that you received in 2021.
It is not unusual for all of these boxes to have zeroes.
It is not unusual for all of these boxes to have zeroes.
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