Instructions Question Content Area Note This problem is for the 2023 tax year Alfred E Old and Beulah A Crane, each age 42, married on September 7, 2021 Alfred and Beulah will file a joint return for 2023 Alfred's Social Security number is 111 11 1109 Beulah's Social Security number is 123 45 6780, and she has chosen to use Old as her married name They live at 211 Brickstone Drive, Atlanta, GA 30304 Alfred was divorced from Sarah Old in March 2017 Under the divorce agreement, Alfred is to pay Sarah $1,250 per month for the next 10 years or until Sarah's death, whichever occurs first Alfred paid Sarah $15,000 in 2023 In addition, in January 2023, Alfred paid Sarah $50,000, which is designated as being for her share of the marital property Also, Alfred is responsible for all prior years' income taxes Sarah's Social Security number is 123 45 6788 Alfred's salary for 2023 is $150,000 He is an executive working for Cherry, Inc (Federal I D No 98 7654321) As part of his compensation package, Cherry provides him with group term life insurance equal to twice his annual salary His employer withheld $20,800 for Federal income taxes and $8,000 for state income taxes The proper amounts of FICA taxes (Social Security and Medicare) were withheld Beulah recently graduated from law school and is employed by Legal Aid Society, Inc (Federal I D No 11 1111111), as a public defender She received a salary of $43,800 in 2023 Her employer withheld $5,300 for Federal income taxes and $2,400 for state income taxes The proper amounts of FICA taxes (Social Security and Medicare) were withheld Alfred and Beulah received taxable interest income of $500 Alfred and Beulah received a $1,900 refund on their 2022 state income taxes they claimed the standard deduction on their 2022 Federal income tax return Alfred and Beulah paid $4,500 interest and $1,450 property taxes on their personal residence in 2023 They paid sales taxes of $1,400, for which they maintain the receipts Alfred and Beulah have never owned or used any digital assets, and they do not want to contribute to the Presidential Election Campaign Required Compute the Olds' net tax payable (or refund due) for 2023 Any gross income related to group term life insurance should be added to Alfred's wages (including those subject to Social Security and Medicare) Use Form 1040 and Schedule 1 to finish this tax return It may be necessary to complete the tax schedule and worksheet before completing Form 1040 Enter all amounts as positive numbers If an amount box does not require an entry or the answer is zero, enter 0 Make realistic assumptions about any missing data When computing the tax liability, do not round your immediate calculations If required, round your final answers to the nearest dollar Use the 2023 Tax Rate Schedule provided Do not use the Tax Tables Form 1040 Question Content Area Complete Form 1040 for the Olds Form 1040 Department of the TreasuryInternal Revenue Service U S Individual Income Tax Return 2023 OMB No 1545 0074 IRS Use Only For the year Jan 1 Dec 31, 2023, or other tax year beginning , , ending , See separate instructions Your first name and middle initial Alfred E Old Last name Your social security number 111 11 1109 If joint return, spouse's first name and middle initial Beulah A Old Last name Spouse's social security number 123 45 6780 Home address (number and street) If you have a P O box, see instructions 211 Blackstone Drive Apt no Presidential Election Campaign Doyou, or your spouse if filing jointly, want $3 to go to this fund Selecting an option below will not change your tax or refund YesNo City, town, or post office If you have a foreign address, also complete spaces below Atlanta, GA 30304 State ZIP code Foreign country name Foreign province state county Foreign postal code Filing Status SingleMarried filing jointlyMarried filing separately (MFS)Head of household (with qualifying person) (HOH)Qualifying surviving spouse (QSS) Digital Assets At any time during 2023, did you (a) receive (as a reward, award, or payment for property or services) or (b) sell, exchange, or otherwise dispose of a digital asset (or a financial interest in a digital asset) (See instructions ) YesNo Standard Deduction Someone can claim You as a dependentYour spouse as a dependentSpouse itemizes on a separate return or you were a dual status alienNone Age Blindness You Were born before January 2, 1959Are blindWere born before January 2, 1959, Are blindNone Spouse Was born before January 2, 1959Is blindWas born before January 2, 1959, Is blindNone Dependents If more than four dependents, see instructions and check here (see instructions) (2) Social security number (3) Relationship to you (4) Check the box if qualifies for (see instructions) (1) First name Last name Child tax credit Credit for other dependents Income Attach Form(s) W 2 here Also attach Forms W 2G and 1099 R if tax was withheld If you did not get a Form W 2, see instructions 1a Total amount from Form(s) W 2, box 1 (see instructions) 1a fill in the blank 6b6ffb004f81fc2 7 b Household employee wages not reported on Form(s) W 2 1b c Tip income not reported on line 1a (see instructions) 1c d Medicaid waiver payments not reported on Form(s) W 2 (see instructions) 1d e Taxable dependent care benefits from Form 2441, line 26 1e f Employer provided adoption benefits from Form 8839, line 29 1f g Wages from Form 8919, line 6 1g h Other earned income (see instructions) 1h i Nontaxable combat pay election (see instructions) 1i z Add lines 1a through 1h 1z fill in the blank 6b6ffb004f81fc2 8 Attach Sch B if required 2a Tax exempt interest 2a b Taxable interest 2b fill in the blank 6b6ffb004f81fc2 9 3a Qualified dividends 3a b Ordinary dividends 3b 4a IRA distributions 4a b Taxable amount 4b Standard Deduction for Single or Married filing separately, $13,850 Married filing jointly or Qualifying surviving spouse, $27,700 Head of household, $20,800 If you checked any box under Standard Deduction , see instructions 5a Pensions and annuities 5a b Taxable amount 5b 6a Social security benefits 6a b Taxable amount 6b c If you elect to use the lump sum election method, check here (see instructions) 7 Capital gain or (loss) Attach Schedule D if required If not required, check here 7 8 Additional income from Schedule 1, line 10 8 9 Add lines 1z, 2b, 3b, 4b, 5b, 6b, 7, and 8 This is your total income 9 fill in the blank 6b6ffb004f81fc2 10 10 Adjustments to income from Schedule 1, line 26 10 fill in the blank 6b6ffb004f81fc2 11 11 Subtract line 10 from line 9 This is your adjusted gross income 11 fill in the blank 6b6ffb004f81fc2 12 12 Standard deduction or itemized deductions (from Schedule A) 12 fill in the blank 6b6ffb004f81fc2 13 13 Qualified business income deduction from Form 8995 or Form 8995 A 13 14 Add lines 12 and 13 14 fill in the blank 6b6ffb004f81fc2 14 15 Subtract line 14 from line 11 If zero or less, enter 0 This is your taxable income 15 fill in the blank 6b6ffb004f81fc2 15 BAA For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions Form 1040 (2023) Form 1040 (2023) Alfred E and Beulah A Old 111 11 1109 Page 2 Tax and Credits 16 Tax (see instructions) Check if any from Form(s) 1 8814 2 4972 3 16 fill in the blank 6b6ffb004f81fc2 16 17 Amount from Schedule 2, line 3 17 18 Add lines 16 and 17 18 fill in the blank 6b6ffb004f81fc2 17 19 Child tax credit or credit for other dependents from Schedule 8812 19 20 Amount from Schedule 3, line 8 20 21 Add lines 19 and 20 21 fill in the blank 6b6ffb004f81fc2 18 22 Subtract line 21 from line 18 If zero or less, enter 0 22 fill in the blank 6b6ffb004f81fc2 19 23 Other taxes, including self employment tax, from Schedule 2, line 21 23 24 Add lines 22 and 23 This is your total tax 24 fill in the blank 6b6ffb004f81fc2 20 Payments 25 Federal income tax withheld from a Form(s) W 2 25a fill in the blank 6b6ffb004f81fc2 21 b Form(s) 1099 25b c Other forms (see instructions) 25c d Add lines 25a through 25c 25d fill in the blank 6b6ffb004f81fc2 22 If you have a qualifying child, attach Sch EIC 26 2023 estimated tax payments and amount applied from 2022 return 26 27 Earned income credit (EIC) 27 28 Additional child tax credit from Schedule 8812 28 29 American opportunity credit from Form 8863, line 8 29 30 Reserved for future use 30 31 Amount from Schedule 3, line 15 31 32 Add lines 27, 28, 29, and 31 These are your total other payments and refundable credits 32 33 Add lines 25d, 26, and 32 These are your total payments 33 fill in the blank 6b6ffb004f81fc2 23 Refund 34 If line 33 is more than line 24, subtract line 24 from line 33 This is the amount you overpaid 34 fill in the blank 6b6ffb004f81fc2 24 35a Amount of line 34 you want refunded to you If Form 8888 is attached, check here 35a fill in the blank 6b6ffb004f81fc2 25 Direct deposit b Routing number X X X X X X X X X c Type Checking Savings See instructions d Account number X X X X X X X X X X X X X X X X X 36 Amount of line 34 you want applied to your 2024 estimated tax 36 Amount You Owe 37 Subtract line 33 from line 24 This is the amount you owe For details on how to pay, go to www irs gov Payments or see instructions 37 38 Estimated tax penalty (see instructions) 38 Third Party Designee Do you want to allow another person to discuss this return with the IRS See instructions Yes Complete below No Designee's name Phone no Personal identification number (PIN) Sign Here Joint return See instructions Keep a copy for your records Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct, and complete Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge Your signature Date Your occupation Executive If the IRS sent you an Identity Protection PIN, enter it here (see inst ) Spouse's signature If a joint return, both must sign Date Spouse's occupation Lawyer If the IRS sent your spouse an Identity Protection PIN, enter it here (see inst ) Phone no Email address Paid Preparer Use Only Preparer's name Preparer's signature Self Prepared Date PTIN Check if Self employed Firm's name Phone no Firm's address Firm's EIN Go to www irs gov Form1040 for instructions and the latest information Form 1040 (2023) Schedule 1 Question Content Area Complete Olds' Schedule 1 for 2023 SCHEDULE 1 (Form 1040) Department of the Treasury Internal Revenue Service Additional Income and Adjustments to Income Attach to Form 1040, 1040 SR, or 1040 NR Go to www irs gov Form1040 for instructions and the latest information OMB No 1545 0074 2023 Attachment Sequence No 01 Name(s) shown on Form 1040, 1040 SR, or 1040 NR Alfred E and Beulah A Old Your social security number 111 11 1109 Part I Additional Income 1 Taxable refunds, credits, or offsets of state and local income taxes 1 2a Alimony received 2a b Date of original divorce or separation agreement (see instructions) 3 Business income or (loss) Attach Schedule C 3 4 Other gains or (losses) Attach Form 4797 4 5 Rental real estate, royalties, partnerships, S corporations, trusts, etc Attach Schedule E 5 6 Farm income or (loss) Attach Schedule F 6 7 Unemployment compensation 7 8 Other income a Net operating loss 8a () b Gambling 8b c Cancellation of debt 8c d Foreign earned income exclusion from Form 2555 8d () e Income from Form 8853 8e f Income from Form 8889 8f g Alaska Permanent Fund dividends 8g h Jury duty pay 8h i Prizes and awards 8i j Activity not engaged in for profit income 8j k Stock options 8k l Income from the rental of personal property if you engaged in the rental for profit but were not in the business of renting such property 8l m Olympic and Paralympic medals and USOC prize money (see instructions) 8m n Section 951(a) inclusion (see instructions) 8n o Section 951A(a) inclusion (see instructions) 8o p Section 461(l) excess business loss adjustment 8p q Taxable distributions from an ABLE account (see instructions) 8q r Scholarship and fellowship grants not reported on Form W 2 8r s Nontaxable amount of Medicaid waiver payments included on Form 1040, line 1a or 1d 8s () t Pension or annuity from a nonqualifed deferred compensation plan or a nongovernmental section 457 plan 8t u Wages earned while incarcerated 8u z Other income List set and amount 8z fill in the blank f493ee00100efa5 1 9 Total other income Add lines 8a through 8z 9 fill in the blank f493ee00100efa5 2 10 Combine lines 1 through 7 and 9 This is your additional income Enter here and on Form 1040, 1040 SR, or 1040 NR, line 8 10 fill in the blank f493ee00100efa5 3 For Paperwork Reduction Act Notice, see your tax return instructions Schedule 1 (Form 1040) 2023 Schedule 1 (Form 1040) (2023) Alfred E and Beulah A Old 111 11 1109 Part II Adjustments to Income 11 Educator expenses 11 12 Certain business expenses of reservists, performing artists, and fee basis government officials Attach Form 2106 12 13 Health savings account deduction Attach Form 8889 13 14 Moving expenses for members of the Armed Forces Attach Form 3903 14 15 Deductible part of self employment tax Attach Schedule SE 15 16 Self employed SEP, SIMPLE, and qualified plans 16 17 Self employed health insurance deduction 17 18 Penalty on early withdrawal of savings 18 19a Alimony paid 19a fill in the blank f493ee00100efa5 4 b Recipient's SSN 123 45 6788 c Date of original divorce or separation agreement (see instructions) 03 2017 20 IRA deduction 20 21 Student loan interest deduction 21 22 Reserved for future use 22 23 Archer MSA deduction 23 24 Other adjustments a Jury duty pay (see instructions) 24a b Deductible expenses related to income reported on line 8l from the rental of personal property engaged in for profit 24b c Nontaxable amount of the value of Olympic and Paralympic medals and USOC prize money reported on line 8m 24c d Reforestation amortization and expenses 24d e Repayment of supplemental unemployment benefits under the Trade Act of 1974 24e f Contributions to section 501(c)(18)(D) pension plans 24f g Contributions by certain chaplains to section 403(b) plans 24g h Attorney fees and court costs for actions involving certain unlawful discrimination claims (see instructions) 24h i Attorney fees and court costs you paid in connection with an award from the IRS for information you provided that helped the IRS detect tax law violations 24i j Housing deduction from Form 2555 24j k Excess deductions of section 67(e) expenses from Schedule K 1 (Form 1041) 24k z Other adjustments List set and amount 24z 25 Total other adjustments Add lines 24a through 24z 25 26 Add lines 11 through 23 and 25 These are your adjustments to income Enter here and on Form 1040, 1040 SR, or 1040 NR, line 10 26 fill in the blank f493ee00100efa5 5 Schedule 1 (Form 1040) 2023 Exhibit 5 1 Uniform Premiums for $1,000 of Group Term Life Insurance Protection Attained Age on Last Day of Employee's Tax Year Cost per $1,000 of Protection for One Month Period Under 25 $0 05 25 29 0 06 30 34 0 08 35 39 0 09 40 44 0 10 45 49 0 15 50 54 0 23 55 59 0 43 60 64 0 66 65 69 1 27 70 and above 2 06 2023 Tax Rate Schedules Question Content Area Use the 2023 Tax Rate Schedules to compute the tax (Note Because the tax rate schedules are used instead of the tax tables, the amount of tax computed may vary slightly from the amount listed in the tables ) 2023 Tax Rate Schedules SingleSchedule X Head of householdSchedule Z If taxable income is Over But not over The tax is of the amount over If taxable income is Over But not over The tax is of the amount over $ 0 $ 11,000 10 $ 0 $ 0 $ 15,700 10 $ 0 11,000 44,725 $ 1,100 00 12 11,000 15,700 59,850 $ 1,570 00 12 15,700 44,725 95,375 5,147 00 22 44,725 59,850 95,350 6,868 00 22 59,850 95,375 182,100 16,290 00 24 95,375 95,350 182,100 14,678 00 24 95,350 182,100 231,250 37,104 00 32 182,100 182,100 231,250 35,498 00 32 182,100 231,250 578,125 52,832 00 35 231,250 231,250 578,100 51,226 00 35 231,250 578,125 174,238 25 37 578,125 578,100 172,623 50 37 578,100 Married filing jointly or Qualifying widow(er)Schedule Y 1 Married filing separatelySchedule Y 2 If taxable income is Over But not over The tax is of the amount over If taxable income is Over But not over The tax is of the amount over $ 0 $ 22,000 10 $ 0 $ 0 $ 11,000 10 $ 0 22,000 89,450 $ 2,200 00 12 22,000 11,000 44,725 $ 1,100 00 12 11,000 89,450 190,750 10,294 00 22 89,450 44,725 95,375 5,147 00 22 44,725 190,750 364,200 32,580 00 24 190,750 95,375 182,100 16,290 00 24 95,375 364,200 462,500 74,208 00 32 364,200 182,100 231,250 37,104 00 32 182,100 462,500 693,750 105,664 00 35 462,500 231,250 346,875 52,832 00 35 231,250 693,750 186,601 50 37 693,750 346,875 93,300 75 37 346,875

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Question: Instructions Question Content Area Note: This problem is for the 2023 tax year. Alfred E. Old and Beulah A. Crane, each age 42, married on

Instructions

Question Content Area

Note: This problem is for the 2023 tax year.

Alfred E. Old and Beulah A. Crane, each age 42, married on September 7, 2021. Alfred and Beulah will file a joint return for 2023. Alfred's Social Security number is 111-11-1109. Beulah's Social Security number is 123-45-6780, and she has chosen to use "Old" as her married name. They live at 211 Brickstone Drive, Atlanta, GA 30304.

Alfred was divorced from Sarah Old in March 2017. Under the divorce agreement, Alfred is to pay Sarah $1,250 per month for the next 10 years or until Sarah's death, whichever occurs first. Alfred paid Sarah $15,000 in 2023. In addition, in January 2023, Alfred paid Sarah $50,000, which is designated as being for her share of the marital property. Also, Alfred is responsible for all prior years' income taxes. Sarah's Social Security number is 123-45-6788.

Alfred's salary for 2023 is $150,000. He is an executive working for Cherry, Inc. (Federal I.D. No. 98-7654321). As part of his compensation package, Cherry provides him with group term life insurance equal to twice his annual salary. His employer withheld $20,800 for Federal income taxes and $8,000 for state income taxes. The proper amounts of FICA taxes (Social Security and Medicare) were withheld.

Beulah recently graduated from law school and is employed by Legal Aid Society, Inc. (Federal I.D. No. 11-1111111), as a public defender. She received a salary of $43,800 in 2023. Her employer withheld $5,300 for Federal income taxes and $2,400 for state income taxes. The proper amounts of FICA taxes (Social Security and Medicare) were withheld.

Alfred and Beulah received taxable interest income of $500. Alfred and Beulah received a $1,900 refund on their 2022 state income taxes; they claimed the standard deduction on their 2022 Federal income tax return. Alfred and Beulah paid $4,500 interest and $1,450 property taxes on their personal residence in 2023. They paid sales taxes of $1,400, for which they maintain the receipts. Alfred and Beulah have never owned or used any digital assets, and they do not want to contribute to the Presidential Election Campaign.

Required:

Compute the Olds' net tax payable (or refund due) for 2023. Any gross income related to group term life insurance should be added to Alfred's wages (including those subject to Social Security and Medicare). Use Form 1040 and Schedule 1 to finish this tax return.

It may be necessary to complete the tax schedule and worksheet before completing Form 1040.
Enter all amounts as positive numbers.
If an amount box does not require an entry or the answer is zero, enter "0".
Make realistic assumptions about any missing data.
When computing the tax liability, do not round your immediate calculations. If required, round your final answers to the nearest dollar.
Use the 2023 Tax Rate Schedule provided. Do not use the Tax Tables.

Form 1040

Question Content Area

Complete Form 1040 for the Olds.

_Form

1040

_{Department of the TreasuryInternal Revenue Service} U.S. Individual Income Tax Return

2023

OMB No. 1545-0074

IRS Use Only

For the year Jan. 1-Dec. 31, 2023, or other tax year beginning , , ending ,	See separate instructions.
Your first name and middle initial Alfred E. Old	Last name	Your social security number 111-11-1109
If joint return, spouse's first name and middle initial Beulah A. Old	Last name	Spouse's social security number 123-45-6780
Home address (number and street). If you have a P.O. box, see instructions. 211 Blackstone Drive	Apt. no.	Presidential Election Campaign Doyou, or your spouse if filing jointly, want $3 to go to this fund. Selecting an option below will not change your tax or refund. YesNo
City, town, or post office. If you have a foreign address, also complete spaces below. Atlanta, GA 30304	State	ZIP code
Foreign country name	Foreign province/state/county	Foreign postal code

Filing Status	SingleMarried filing jointlyMarried filing separately (MFS)Head of household (with qualifying person) (HOH)Qualifying surviving spouse (QSS)
Digital Assets	At any time during 2023, did you: (a) receive (as a reward, award, or payment for property or services); or (b) sell, exchange, or otherwise dispose of a digital asset (or a financial interest in a digital asset)? (See instructions.)	YesNo

Standard Deduction

Someone can claim:

You as a dependentYour spouse as a dependentSpouse itemizes on a separate return or you were a dual-status alienNone

Age/Blindness

You:

Were born before January 2, 1959Are blindWere born before January 2, 1959, Are blindNone

Spouse:

Was born before January 2, 1959Is blindWas born before January 2, 1959, Is blindNone

Dependents If more than four dependents, see instructions and check here . . . . . . . .	(see instructions):	(2) Social security number	(3) Relationship to you	(4) Check the box if qualifies for (see instructions):
(1) First name	Last name	Child tax credit	Credit for other dependents

Income Attach Form(s) W-2 here. Also attach Forms W-2G and 1099-R if tax was withheld. If you did not get a Form W-2, see instructions.	1a	Total amount from Form(s) W-2, box 1 (see instructions) . . . . . . . . . . . . . . . . . . . . . . .	1a	fill in the blank 6b6ffb004f81fc2_7
b	Household employee wages not reported on Form(s) W-2 . . . . . . . . . . . . . . . . . . . . . . .	1b
c	Tip income not reported on line 1a (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . .	1c
d	Medicaid waiver payments not reported on Form(s) W-2 (see instructions) . . . . . . . . . . .	1d
e	Taxable dependent care benefits from Form 2441, line 26 . . . . . . . . . . . . . . . . . . . . . .	1e
f	Employer-provided adoption benefits from Form 8839, line 29 . . . . . . . . . . . . . . . . . . .	1f
g	Wages from Form 8919, line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	1g
h	Other earned income (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	1h
i	Nontaxable combat pay election (see instructions) . . . . . . . .	1i
z	Add lines 1a through 1h . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	1z	fill in the blank 6b6ffb004f81fc2_8
Attach Sch. B if required.	2a	Tax-exempt interest . .	2a		b	Taxable interest . . . . . . . . . .	2b	fill in the blank 6b6ffb004f81fc2_9
3a	Qualified dividends . . .	3a		b	Ordinary dividends . . . . . . . .	3b
	4a	IRA distributions . . . .	4a		b	Taxable amount . . . . . . . . . .	4b
Standard Deduction for- Single or Married filing separately, $13,850 Married filing jointly or Qualifying surviving spouse, $27,700 Head of household, $20,800 If you checked any box under Standard Deduction, see instructions.	5a	Pensions and annuities	5a		b	Taxable amount . . . . . . . . . .	5b
6a	Social security benefits	6a		b	Taxable amount . . . . . . . . . .	6b
c	If you elect to use the lump-sum election method, check here (see instructions) . . . . .
7	Capital gain or (loss). Attach Schedule D if required. If not required, check here . . . . .	7
8	Additional income from Schedule 1, line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	8
9	Add lines 1z, 2b, 3b, 4b, 5b, 6b, 7, and 8. This is your total income . . . . . . . . . . . . . . .	9	fill in the blank 6b6ffb004f81fc2_10
10	Adjustments to income from Schedule 1, line 26 . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	10	fill in the blank 6b6ffb004f81fc2_11
11	Subtract line 10 from line 9. This is your adjusted gross income . . . . . . . . . . . . . . . .	11	fill in the blank 6b6ffb004f81fc2_12
12	Standard deduction or itemized deductions (from Schedule A) . . . . . . . . . . . . . . . .	12	fill in the blank 6b6ffb004f81fc2_13
13	Qualified business income deduction from Form 8995 or Form 8995-A . . . . . . . . . . . . . .	13
14	Add lines 12 and 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	14	fill in the blank 6b6ffb004f81fc2_14
15	Subtract line 14 from line 11. If zero or less, enter -0-. This is your taxable income . . .	15	fill in the blank 6b6ffb004f81fc2_15

BAA For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions.

Form 1040 (2023)

Form 1040 (2023)

Alfred E. and Beulah A. Old

111-11-1109

Page 2

Tax and Credits	16	Tax (see instructions). Check if any from Form(s): 1 8814 2 4972 3 . .	16	fill in the blank 6b6ffb004f81fc2_16
17	Amount from Schedule 2, line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	17
	18	Add lines 16 and 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	18	fill in the blank 6b6ffb004f81fc2_17
	19	Child tax credit or credit for other dependents from Schedule 8812 . . . . . . . . . . . . . . . .	19
	20	Amount from Schedule 3, line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	20
	21	Add lines 19 and 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	21	fill in the blank 6b6ffb004f81fc2_18
	22	Subtract line 21 from line 18. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . .	22	fill in the blank 6b6ffb004f81fc2_19
	23	Other taxes, including self-employment tax, from Schedule 2, line 21 . . . . . . . . . . . . . .	23
	24	Add lines 22 and 23. This is your total tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	24	fill in the blank 6b6ffb004f81fc2_20
Payments	25	Federal income tax withheld from: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
	a	Form(s) W-2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	25a	fill in the blank 6b6ffb004f81fc2_21
	b	Form(s) 1099 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	25b
	c	Other forms (see instructions) . . . . . . . . . . . . . . . . . . . . . .	25c
	d	Add lines 25a through 25c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	25d	fill in the blank 6b6ffb004f81fc2_22
If you have a qualifying child, attach Sch. EIC.	26	2023 estimated tax payments and amount applied from 2022 return . . . . . . . . . . . . . .	26
27	Earned income credit (EIC) . . . . . . . . . . . . . . . . . . . . . . . . .	27
28	Additional child tax credit from Schedule 8812 . . . . . . . . . . . .	28
	29	American opportunity credit from Form 8863, line 8 . . . . . . . .	29
	30	Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . . . . . .	30
	31	Amount from Schedule 3, line 15 . . . . . . . . . . . . . . . . . . . . .	31
	32	Add lines 27, 28, 29, and 31. These are your total other payments and refundable credits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	32
	33	Add lines 25d, 26, and 32. These are your total payments . . . . . . . . . . . . . . . . . . . . .	33	fill in the blank 6b6ffb004f81fc2_23

Refund

If line 33 is more than line 24, subtract line 24 from line 33. This is the amount you overpaid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

fill in the blank 6b6ffb004f81fc2_24

35a

Amount of line 34 you want refunded to you. If Form 8888 is attached, check here . .

35a

fill in the blank 6b6ffb004f81fc2_25

Direct deposit?

Routing number

c Type: Checking Savings

See instructions.

Account number

Amount of line 34 you want applied to your 2024 estimated tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Amount You Owe

Subtract line 33 from line 24. This is the amount you owe. For details on how to pay, go to www.irs.gov/Payments or see instructions . . . . . . . . . . .

Estimated tax penalty (see instructions) . . . . . . . . . . . . . . . .

Third Party Designee	Do you want to allow another person to discuss this return with the IRS? See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes. Complete below. No
Designee's name		Phone no.		Personal identification number (PIN)

Sign Here Joint return? See instructions. Keep a copy for your records.		Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
	Your signature	Date	Your occupation Executive	If the IRS sent you an Identity Protection PIN, enter it here (see inst.)
Spouse's signature. If a joint return, both must sign.	Date	Spouse's occupation Lawyer	If the IRS sent your spouse an Identity Protection PIN, enter it here (see inst.)
	Phone no.	Email address

Paid Preparer Use Only		Preparer's name	Preparer's signature Self-Prepared	Date	PTIN	Check if: Self-employed
Firm's name	Phone no.
Firm's address	Firm's EIN

Go to www.irs.gov/Form1040 for instructions and the latest information.

Form 1040 (2023)

Schedule 1

Question Content Area

Complete Olds' Schedule 1 for 2023.

SCHEDULE 1 (Form 1040) Department of the Treasury Internal Revenue Service

Additional Income and Adjustments to Income

Attach to Form 1040, 1040-SR, or 1040-NR. Go to www.irs.gov/Form1040 for instructions and the latest information.

OMB No. 1545-0074

2023

Attachment Sequence No. 01

Name(s) shown on Form 1040, 1040-SR, or 1040-NR Alfred E. and Beulah A. Old

Your social security number

111-11-1109

Part I

Additional Income

1	Taxable refunds, credits, or offsets of state and local income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	1
2a	Alimony received . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	2a
b	Date of original divorce or separation agreement (see instructions):
3	Business income or (loss). Attach Schedule C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	3
4	Other gains or (losses). Attach Form 4797 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	4
5	Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E . . . . . . . . . . . . . . .	5
6	Farm income or (loss). Attach Schedule F . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	6
7	Unemployment compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	7
8	Other income:
a	Net operating loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	8a	()
b	Gambling . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	8b
c	Cancellation of debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	8c
d	Foreign earned income exclusion from Form 2555 . . . . . . . . . . . . . . . . . . . . . . .	8d	()
e	Income from Form 8853 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	8e
f	Income from Form 8889 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	8f
g	Alaska Permanent Fund dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	8g
h	Jury duty pay . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	8h
i	Prizes and awards . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	8i
j	Activity not engaged in for profit income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	8j
k	Stock options . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	8k
l	Income from the rental of personal property if you engaged in the rental for profit but were not in the business of renting such property . . . . . . . . . . . . . . . . . . . . .	8l
m	Olympic and Paralympic medals and USOC prize money (see instructions) . . . . . .	8m
n	Section 951(a) inclusion (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . .	8n
o	Section 951A(a) inclusion (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . .	8o
p	Section 461(l) excess business loss adjustment . . . . . . . . . . . . . . . . . . . . . . . . .	8p
q	Taxable distributions from an ABLE account (see instructions) . . . . . . . . . . . . . . .	8q
r	Scholarship and fellowship grants not reported on Form W-2 . . . . . . . . . . . . . . .	8r
s	Nontaxable amount of Medicaid waiver payments included on Form 1040, line 1a or 1d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	8s	()
t	Pension or annuity from a nonqualifed deferred compensation plan or a nongovernmental section 457 plan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	8t
u	Wages earned while incarcerated . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	8u
z	Other income. List set and amount:
		8z	fill in the blank f493ee00100efa5_1
9	Total other income. Add lines 8a through 8z . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	9	fill in the blank f493ee00100efa5_2
10	Combine lines 1 through 7 and 9. This is your additional income. Enter here and on Form 1040, 1040-SR, or 1040-NR, line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	10	fill in the blank f493ee00100efa5_3

For Paperwork Reduction Act Notice, see your tax return instructions.

Schedule 1 (Form 1040) 2023

Schedule 1 (Form 1040) (2023)

Alfred E. and Beulah A. Old

111-11-1109

Part II

Adjustments to Income

11	Educator expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	11
12	Certain business expenses of reservists, performing artists, and fee-basis government officials. Attach Form 2106 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	12
13	Health savings account deduction. Attach Form 8889 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	13
14	Moving expenses for members of the Armed Forces. Attach Form 3903 . . . . . . . . . . . . . . . . . . . . . . . . . . . .	14
15	Deductible part of self-employment tax. Attach Schedule SE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	15
16	Self-employed SEP, SIMPLE, and qualified plans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	16
17	Self-employed health insurance deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	17
18	Penalty on early withdrawal of savings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	18
19a	Alimony paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	19a	fill in the blank f493ee00100efa5_4
b	Recipient's SSN . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 123-45-6788
c	Date of original divorce or separation agreement (see instructions): 03/2017
20	IRA deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	20
21	Student loan interest deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	21
22	Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	22
23	Archer MSA deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	23
24	Other adjustments:
a	Jury duty pay (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	24a
b	Deductible expenses related to income reported on line 8l from the rental of personal property engaged in for profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	24b
c	Nontaxable amount of the value of Olympic and Paralympic medals and USOC prize money reported on line 8m . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	24c
d	Reforestation amortization and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	24d
e	Repayment of supplemental unemployment benefits under the Trade Act of 1974 . .	24e
f	Contributions to section 501(c)(18)(D) pension plans . . . . . . . . . . . . . . . . . . . . . .	24f
g	Contributions by certain chaplains to section 403(b) plans . . . . . . . . . . . . . . . . . .	24g
h	Attorney fees and court costs for actions involving certain unlawful discrimination claims (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	24h
i	Attorney fees and court costs you paid in connection with an award from the IRS for information you provided that helped the IRS detect tax law violations . . . . . . . . .	24i
j	Housing deduction from Form 2555 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	24j
k	Excess deductions of section 67(e) expenses from Schedule K-1 (Form 1041) . . . . .	24k
z	Other adjustments. List set and amount:
		24z
25	Total other adjustments. Add lines 24a through 24z . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	25
26	Add lines 11 through 23 and 25. These are your adjustments to income. Enter here and on Form 1040, 1040-SR, or 1040-NR, line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	26	fill in the blank f493ee00100efa5_5
Schedule 1 (Form 1040) 2023

Exhibit 5.1	Uniform Premiums for $1,000 of Group Term Life Insurance Protection
Attained Age on Last Day of Employee's Tax Year	Cost per $1,000 of Protection for One-Month Period*
Under 25	$0.05
25-29	0.06
30-34	0.08
35-39	0.09
40-44	0.10
45-49	0.15
50-54	0.23
55-59	0.43
60-64	0.66
65-69	1.27
70 and above	2.06

2023 Tax Rate Schedules

Question Content Area

Use the 2023 Tax Rate Schedules to compute the tax. (Note: Because the tax rate schedules are used instead of the tax tables, the amount of tax computed may vary slightly from the amount listed in the tables.)

2023 Tax Rate Schedules

SingleSchedule X

Head of householdSchedule Z

If taxable income is: Over

But not over

The tax is:

of the amount over

If taxable income is: Over

But not over

The tax is:

of the amount over

$ 0

$ 11,000

. . . . . .

10%

$ 0

$ 0

$ 15,700

. . . . . .

10%

$ 0

11,000

44,725

$ 1,100.00

12%

11,000

15,700

59,850

$ 1,570.00

12%

15,700

44,725

95,375

5,147.00

22%

44,725

59,850

95,350

6,868.00

22%

59,850

95,375

182,100

16,290.00

24%

95,375

95,350

182,100

14,678.00

24%

95,350

182,100

231,250

37,104.00

32%

182,100

182,100

231,250

35,498.00

32%

182,100

231,250

578,125

52,832.00

35%

231,250

231,250

578,100

51,226.00

35%

231,250

578,125

. . . . . .

174,238.25

37%

578,125

578,100

. . . . . .

172,623.50

37%

578,100

Married filing jointly or Qualifying widow(er)Schedule Y-1

Married filing separatelySchedule Y-2

If taxable income is: Over

But not over

The tax is:

of the amount over

If taxable income is: Over

But not over

The tax is:

of the amount over

$ 0

$ 22,000

. . . . . .

10%

$ 0

$ 0

$ 11,000

. . . . . .

10%

$ 0

22,000

89,450

$ 2,200.00

12%

22,000

11,000

44,725

$ 1,100.00

12%

11,000

89,450

190,750

10,294.00

22%

89,450

44,725

95,375

5,147.00

22%

44,725

190,750

364,200

32,580.00

24%

190,750

95,375

182,100

16,290.00

24%

95,375

364,200

462,500

74,208.00

32%

364,200

182,100

231,250

37,104.00

32%

182,100

462,500

693,750

105,664.00

35%

462,500

231,250

346,875

52,832.00

35%

231,250

693,750

. . . . . .

186,601.50

37%

693,750

346,875

. . . . . .

93,300.75

37%

346,875

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