Fill Form 8815 Deductions 2024-2025

Hey, we're here on the back of the 1040a. You first see the first thing that you have to do is enter the amount from line 21. On the other side, your AGI put that right over here. We see eighty thousand one hundred and seventy-five dollars, so that eighty thousand one hundred and seventy-five dollars goes right there on line 22. Okay, now we start working our way down. So line twenty-three, you're gonna check this off if either a) you're old or b) you're blind. We are neither old nor blind, so there's no "es" checked there. That's going to be a zero, and that'll be the case for all of our examples in this class. Married filing separately, that's not the case here, so don't worry about that. So now we need to line 24, enter your standard deduction, and again, this is a case where many students want to put a zero right here because they don't know what the standard deduction is. The standard deduction is connected to this balloon right here over on the left. So if we look at the balloon's bubble, we have to identify we know that we are married filing jointly, so this is single and married filing separately, this is married filing jointly. So this number right here, 12600, that's gonna go up the balloon, across, and over to line twenty-four. 12,600. This should never be zero. Okay, you're always putting a number in here because even if you're single, you're still putting a number. Line twenty-four is never zero. Now it says subtract twenty-four from twenty-two, and again, everything is lined up perfectly. So we have five right there, seven right there, and one minus six, we make that eleven. Eleven minus six is five. And by the way, you...