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2024 Form 1040 Tax Return Summary

This document is a Form 1040 Tax Return Transcript for the tax period ending 12-31-2024, showing sensitive taxpayer data for a married couple. It details their income, adjustments, tax credits, and liabilities, indicating a total income of $4,857.00 and an amount owed of $24.00, with various income sources and expenses listed, including business losses and Social Security benefits.

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sam johnson
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0% found this document useful (0 votes)
61 views7 pages

2024 Form 1040 Tax Return Summary

This document is a Form 1040 Tax Return Transcript for the tax period ending 12-31-2024, showing sensitive taxpayer data for a married couple. It details their income, adjustments, tax credits, and liabilities, indicating a total income of $4,857.00 and an amount owed of $24.00, with various income sources and expenses listed, including business losses and Social Security benefits.

Uploaded by

sam johnson
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Made with Xodo PDF Reader and Editor

This Product Contains Sensitive Taxpayer Data

Form 1040 Tax Return Transcript


Request Date: 10-16-2025
Response Date: 10-16-2025
Tracking Number: 108982596612

SSN provided: XXX-XX-0077


Report for Tax Period Ending: 12-31-2024

The following items reflect the amount as shown on the return, and the amount as adjusted, if applicable. They do not show subsequent
activity on the account.
SSN: XXX-XX-0077
Spouse SSN: XXX-XX-0677

GEOR S JOHN & P MUCH JOHN


1005 F
Filing status: Married Taxpayer Filing Joint Return
Form number: 1040
Cycle posted: 20251805
Received date: 04-05-2025
Payment: $0.00
Exemption number: 02
Other dependent credit total eligible per computer: 0
Other dependent credit total eligible verified: 0
PTIN:
Preparer EIN:

Income

Total wages: $0.00


Form W-2 wages: $0.00
Taxable interest income (Schedule B): $0.00
Tax-exempt interest: $0.00
Ordinary dividend income (Schedule B): $0.00
Qualified dividends: $0.00
Refunds of state/local taxes: $0.00
Alimony received: $0.00
Business income or loss (Schedule C): -$143.00
Business income or loss (Schedule C) per computer: -$143.00
Capital gain or loss (Schedule D): $0.00
Capital gains or loss (Schedule D) per computer: $0.00
Other gains or losses (Form 4797): $0.00
Total IRA distributions: $0.00
Taxable IRA distributions: $0.00
Total pensions and annuities: $0.00
Taxable pension/annuity amount: $0.00
Additional income: $4,857.00
Additional income per computer: $4,857.00
Refundable credits per computer: $0.00
Refundable education credit per computer: $0.00
Qualified business income deduction: $0.00
Rent/royalty/partnership/estate (Schedule E): $0.00
Rent/royalty/partnership/estate (Schedule E) per
computer: $0.00
Rent/royalty income/loss per computer: $0.00
Estate/trust income/loss per computer: $0.00

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Partnership/S-Corp income/loss per computer: $0.00


Farm income or loss (Schedule F): $0.00
Farm income or loss (Schedule F) per computer: $0.00
Unemployment compensation: $0.00
Total Social Security benefits: $24,984.00
Taxable Social Security benefits: $0.00
Taxable Social Security benefits per computer: $0.00
Other income: $5,000.00
Schedule EIC Self-employment income per computer: $0.00
Schedule EIC earned income per computer: $0.00
Schedule EIC disqualified income per computer: $0.00
Form 1099-K: $0.00
Additional child tax credit earned income: $0.00
Qualified business income deduction: $0.00
Form 8995 qualified business income deduction computer: $0.00
Form 8995 net capital gains computer: $0.00
Scholarship/Fellowship grant: $0.00
Total income: $4,857.00
Total income per computer: $4,857.00

Adjustments to Income

Educator expenses: $0.00


Educator expenses per computer: $0.00
Reservist and other business expense: $0.00
Health Savings Account deduction: $0.00
Health Savings Account deduction per computer: $0.00
Moving expenses (Form 3903): $0.00
Self-employment tax deduction: $0.00
Self-employment tax deduction per computer: $0.00
Self-employment tax deduction verified: $0.00
Keogh/SEP contribution deduction: $0.00
Self-employment health insurance deduction: $0.00
Early withdrawal of savings penalty: $0.00
Alimony paid SSN:
Alimony paid: $0.00
Repayment clean vehicle credit: $0.00
IRA deduction: $0.00
IRA deduction per computer: $0.00
Student loan interest deduction: $0.00
Student loan interest deduction per computer: $0.00
Student loan interest deduction verified: $0.00
Total other payment refundable credit per computer: $0.00
Total other payment refund verified: $0.00
Other adjustments: $0.00
Archer MSA deduction: $0.00
Archer MSA deduction per computer: $0.00
Total adjustments: $0.00
Total adjustments per computer: $0.00
Adjusted gross income: $4,857.00
Adjusted gross income per computer: $4,857.00

Tax and Credits

65 or over: No
Blind: No
Spouse 65 or over: No
Spouse blind: No
Standard deduction per computer: $29,200.00
Additional standard deduction per computer: $0.00
Tax table income per computer: $0.00
Exemption amount per computer: $0.00
Taxable income: $0.00
Taxable income per computer: $0.00
Total positive income per computer: $5,000.00

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Tentative tax: $0.00


Tentative tax per computer: $0.00
Form 8814 additional tax amount: $0.00
Tax on income less Social Security income per computer: $0.00
Form 6251 alternative minimum tax: $0.00
Form 6251 alternative minimum tax per computer: $0.00
Foreign tax credit: $0.00
Foreign tax credit per computer: $0.00
Foreign income exclusion per computer: $0.00
Foreign income exclusion tax per computer: $0.00
Excess advance premium tax credit repayment amount: $24.00
Excess advance premium tax credit repayment verified
amount: $0.00
Child & dependent care credit: $0.00
Child & dependent care credit per computer: $0.00
Credit for elderly and disabled: $0.00
Credit for elderly and disabled per computer: $0.00
Education credit: $0.00
Education credit per computer: $0.00
Gross education credit per computer: $0.00
Retirement savings contribution credit: $0.00
Retirement savings contribution credit per computer: $0.00
Total retirement savings contribution (Form 8880
computer): $0.00
Residential clean energy credit: $0.00
Residential clean energy credit per computer: $0.00
Child and other dependent credit: $0.00
Child and other dependent credit per computer: $0.00
Adoption credit (Form 8839): $0.00
Adoption credit per computer: $0.00
Form 8396 mortgage certificate credit: $0.00
Form 8396 mortgage certificate credit per computer: $0.00
Total other non-refundable credit: $0.00
Form 3800 general business credits: $0.00
Form 3800 general business credits per computer: $0.00
Prior year minimum tax credit (Form 8801): $0.00
Prior year minimum tax credit (Form 8801) per computer: $0.00
Earlier year income repayment credit: $0.00
Clean vehicle credit: $0.00
Clean vehicle credit per computer: $0.00
Net elective payment election per computer: $0.00
Repayment pre-owned clean vehicle credit: $0.00
Form 4255 Chapter 1 tax: $0.00
Other additions to tax: $0.00
Schedule 2 part 2 Form 4255 recapture: $0.00
Energy efficient home credit verified: $0.00
Residential clean energy verified: $0.00
Other credits: $0.00
Total credits: $0.00
Total credits per computer: $0.00
Income tax after credits per computer: $24.00
Advanced manufacturing credit per computer: $0.00
Advanced manufacturing invest credit per computer: $0.00
Clean hydrogen production credit per computer: $0.00
Carbon oxide sequestration credit per computer: $0.00
Energy efficient home credit per computer: $0.00
Energy efficient home credit: $0.00
Pre-owned clean vehicle credit per computer: $0.00
Pre-owned clean vehicle credit: $0.00
Pre-owned clean vehicle verified: $0.00
New clean vehicle bus credit per computer: $0.00
New clean vehicle bus verified: $0.00
Commercial clean vehicle credit per computer: $0.00
Commercial clean vehicle verified: $0.00
Clean vehicle credit verified: $0.00

Other Taxes

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Self employment tax: $0.00


Self employment tax per computer: $0.00
Social Security and Medicare tax on unreported tips: $0.00
Social Security and Medicare tax on unreported tips per
computer: $0.00
Tax on qualified plans Form 5329 (PR): $0.00
Tax on qualified plans Form 5329 per computer: $0.00
Individual Retirement Account File (IRAF) tax per
computer: $0.00
Taxpayer tax figures (reduced by IRAF) per computer: $24.00
Individual Master File (IMF) total tax (reduced by IRAF)
per computer: $24.00
Total other taxes per computer: $0.00
Unpaid Federal Insurance Contributions Act (FICA) on
reported tips: $0.00
Form 8959 additional Medicare tax: $0.00
Form 8960 net investment income tax: $0.00
Interest on deferred tax: $0.00
Total other taxes: $0.00
Recapture tax (Form 8611): $0.00
Household employment taxes: $0.00
Household employment taxes per computer: $0.00
Interest due on installment: $0.00
Schedule 2 Part 1 Form 4255 recapture: $0.00
Form 4255 excessive payments: $0.00
Net elective payment election: $0.00
Excess Social Security tax withheld verified: $0.00
Excess Social Security tax withheld per computer: $0.00
Total additional taxes: $0.00
Total assessment per computer: $24.00
Total tax liability taxpayer figures: $24.00
Total tax liability taxpayer figures per computer: $24.00

Payments

Federal income tax withheld: $0.00


Prior year advanced credit: $0.00
Estimated tax payments: $0.00
Other payment credit: $0.00
Refundable education credit: $0.00
Refundable education credit per computer: $0.00
Refundable education credit verified: $0.00
Refundable credits: $0.00
Earned income credit: $0.00
Earned income credit per computer: $0.00
Nontaxable combat pay: $0.00
Excess Social Security & Railroad Retirement Tax Act
(RRTA) tax withheld: $0.00
Schedule 8812 additional child tax credit: $0.00
Schedule 8812 additional child tax credit per computer: $0.00
Schedule 8812 additional child tax credit verified: $0.00
Amount paid with Form 4868: $0.00
Form 2439 regulated investment company credit: $0.00
Form 4136 credit for federal tax on fuels: $0.00
Form 4136 credit for federal tax on fuels per computer: $0.00
Section 965 tax installment: $0.00
Section 965 tax liability: $0.00
Premium tax credit amount: $0.00
Premium tax credit verified amount: $0.00
Primary NAP first time home buyer installment amount: $0.00
Secondary NAP first time home buyer installment amount: $0.00
First time homebuyer credit repayment amount: $0.00
Form 5405 total homebuyers credit repayment per computer: $0.00
Small employer health insurance per computer: $0.00
Small employer health insurance per computer (2): $0.00
Total other payments refundable: $0.00

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Total payments: $0.00


Total payments per computer: $0.00

Refund or Amount Owed

Amount you owe: $24.00


Estimated tax credit applied to next year: $0.00
Estimated tax penalty: $0.00
Tax on income less state refund per computer: $0.00
Balance due/overpayment using taxpayer figure per
computer: $24.00
Balance due/overpayment using computer figures: $24.00
Form 8888 total refund per computer: $0.00

Third Party Designee

Third party designee ID number:


Authorization indicator: No
Third party designee name:

Schedule C - Profit or Loss From Business (Occurrence #: 1)

Social Security Number: XXX-XX-0077


Employer ID number:
Business name: AB CONS
Description of business/profession:
North American Industry Classification System (NAICS)
code: 541600
Account method: Cash
First time Schedule C filed: No
Statutory employee indicator: No

Income
Gross receipts or sales: $3,750.00
Returns and allowances: $0.00
Net gross receipts: $3,750.00
Cost of goods sold: $0.00
Schedule C Form 1099 required: No
Schedule C Form 1099 filed: None
Other income: $0.00

Expenses
Car and truck expenses: $944.00
Depreciation: $619.00
Insurance (other than health): $150.00
Mortgage interest: $0.00
Legal and professional services: $0.00
Repairs and maintenance: $850.00
Travel: $0.00
Meals and entertainment: $0.00
Wages: $0.00
Other expenses: $0.00
Total expenses: $3,893.00
Expense for business use of home: $0.00
Schedule C net profit or loss per computer: -$143.00
At risk CD: All investment at risk
Office expense amount: $0.00
Utilities expense amount: $0.00
Energy efficient building deduction: $0.00

Cost of Goods Sold


Inventory at beginning of year: $0.00
Inventory at end of year: $0.00

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Form 8962 - Premium Tax Credit

Married filing separately premium tax credit exception


checkbox indicator: No
Federal poverty level checkbox:
Dependents' modified Adjusted Gross Income (AGI): $0.00
Monthly contribution for health care: $1.00
Annual premium: $0.00
Annual premium Second Lowest Cost Silver Plan (SLCSP): $0.00
Annual advance payment of Premium Tax Credit (PTC): $0.00
January monthly premium: $3,696.00
January monthly premium SLCSP: $3,633.00
January monthly advance PTC: $3,634.00
February monthly premium: $3,696.00
February monthly premium SLCSP: $3,633.00
February monthly advance PTC: $3,634.00
March monthly premium: $3,696.00
March monthly premium SLCSP: $3,633.00
March monthly advance PTC: $3,634.00
April monthly premium: $3,696.00
April monthly premium SLCSP: $3,633.00
April monthly advance PTC: $3,634.00
May monthly premium: $3,696.00
May monthly premium SLCSP: $3,633.00
May monthly advance PTC: $3,634.00
June monthly premium: $3,696.00
June monthly premium SLCSP: $3,633.00
June monthly advance PTC: $3,634.00
July monthly premium: $3,696.00
July monthly premium SLCSP: $3,633.00
July monthly advance PTC: $3,634.00
August monthly premium: $3,696.00
August monthly premium SLCSP: $3,633.00
August monthly advance PTC: $3,634.00
September monthly premium: $3,696.00
September monthly premium SLCSP: $3,633.00
September monthly advance PTC: $3,634.00
October monthly premium: $3,696.00
October monthly premium SLCSP: $3,633.00
October monthly advance PTC: $3,634.00
November monthly premium: $3,696.00
November monthly premium SLCSP: $3,633.00
November monthly advance PTC: $3,634.00
December monthly premium: $3,696.00
December monthly premium SLCSP: $3,633.00
December monthly advance PTC: $3,634.00
Total premium tax credit: $43,584.00
Net premium tax credit: $43,608.00

Form 8995 - A/8995 Qualified Business Income Deduction

Qualified business income component: $0.00


Real Estate Investment Trust (REIT) and Publicly Traded
Partnership (PTP) component: $0.00
Form 8995 net capital gains: $0.00
Form 8995 domestic production deduction: $0.00
Qualified business net loss carryforward: $0.00
Qualified REIT dividends and PTP loss carryforward: $0.00
Total qualified business loss carryforward: $143.00
Total REIT dividends loss carryforward: $0.00
Total qualified business income or loss: -$143.00
Qualified REIT dividends and PTP income or loss: $0.00

This Product Contains Sensitive Taxpayer Data

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Common questions

Powered by AI

The highest Schedule C expense category for Georg S John & P Much John was for repairs and maintenance, totaling $850.00. Other significant expenses included car and truck expenses ($944.00) and depreciation ($619.00), contributing to their total business expenses of $3,893.00 .

Georg S John & P Much John had a total tax liability of $24.00. This liability mainly resulted from an excess advance premium tax credit repayment amount, as there were no other taxes or credits contributing to or offsetting this liability .

If Georg S John & P Much John's income or expenses were incorrectly reported, it could result in an incorrect tax liability or refund calculation, potentially leading to penalties or interest charges. Ensuring precise reporting is crucial for avoiding disputes with tax authorities and maintaining financial integrity. The document shows all amounts matched between their report and IRS computation, mitigating immediate concerns .

Georg S John & P Much John did not report receiving or paying any alimony, as reflected in both their income and deductions, affecting their taxable income by maintaining it at $0.00 in related fields .

The filing status of Georg S John & P Much John as 'Married Filing Jointly' provided them a standard deduction of $29,200.00, with no taxes owed aside from a $24 balance due primarily from premium tax credit adjustments .

Georg S John & P Much John could not claim any deductions or credits for retirement savings or child-related benefits. The Retirement Savings Contribution Credit, Child & Dependent Care Credit, and Additional Child Tax Credit were all reported as $0.00 .

The adjusted gross income for Georg S John & P Much John was $4,857.00, which matched the total income reported, indicating no adjustments were made to the income .

The total amount of Social Security benefits for Georg S John & P Much John was $24,984.00, and the taxable amount was $0.00 .

Georg S John & P Much John's business income from Schedule C showed a net loss of $143.00, both as reported and as computed by the IRS .

The monthly advance payment of the Premium Tax Credit (PTC) for each month was $3,634.00, which accumulated to a total premium tax credit of $43,584.00. This amount was adjusted to a net premium tax credit of $43,608.00 .

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