ROSS TAX PRO

254-Tax Consultants

Andreaa Chan'nel, MPA

EFIN 748335 · P03215544

ROSS TAX PRO SOFTWARE · 254-Tax Consultants · EFIN 748335

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Form 1040 — Original Return

Tax Year 2024SINGLE — NON-CUSTODIALMeF READY

Kaylon A. Cole · SSN: XXX-XX-6191 · DOB: 04/20/1983 · Single · 520 Lyra Drive, Killeen TX 76542

Prepared by: Darien Lee · ERO: 254-Tax Consultants · EFIN: 748335 · PTIN: X1416 · March 16, 2026

FORM 8332 REQUIRED — Non-Custodial Parent
Kaylon is the non-custodial parent and financial provider. The custodial parent must sign Form 8332 releasing the dependency claim. CTC/ODC available via Form 8332. EIC and Head of Household are NOT available to the non-custodial parent regardless of financial support. IRC §152(e)(2); IRC §32(c)(1)(A); IRC §2(b)(1).

Box 12 Code DD — $17,732.52 — Informational Only
Employer-sponsored health coverage cost reported in Box 12 DD is informational only. It is NOT included in gross income and is NOT deductible. IRC §106(a); IRS Notice 2012-9. This amount does not affect tax liability, AGI, or any credits.

MAXIMUM REFUND — TY2024 (Single, Non-Custodial)

$3,924.18

Rounded to Highest Thousand: $3,000.00

Tesla W-2 · AOTC $2,500 · CTC/ACTC (Form 8332) · ODC · No EIC (non-custodial)

AGI

$52,136.80

Income Tax

$4,272.42

Total Withholding

$696.60

Total Credits

$7,500.00

Form 1040 — Complete Tax Calculation — TY2024 — SINGLE (Non-Custodial)

INCOME

L1aW-2 Wages — Tesla, Inc. (EIN 91-2197729)IRC §61(a)(1)

$52,136.80

L9TOTAL INCOME

$52,136.80

ADJUSTMENTS

L11Adjusted Gross IncomeIRC §62

$52,136.80

DEDUCTIONS

L12Standard Deduction — SingleIRC §63(c)(2); Rev. Proc. 2023-34

$14,600.00

L15Taxable IncomeIRC §63

$37,536.80

TAX & CREDITS

L16Income Tax (Single brackets — Rev. Proc. 2023-34)IRC §1(c)

$4,272.42

L19Child Tax Credit — 2 children via Form 8332IRC §24(a); §152(e)(2)

$0.00

L27AOTC Non-Refundable (60%)IRC §25A(a)

$1,500.00

L28Other Dependent Credit (ODC) — 2 × $500IRC §24(h)(4)

$1,000.00

L24TOTAL TAX AFTER CREDITS

$1,772.42

PAYMENTS

L25aFederal Tax Withheld — W-2 TeslaIRC §3402

$696.60

L28AOTC Refundable (40%)IRC §25A(i)

$1,000.00

L28bAdditional Child Tax Credit (ACTC)IRC §24(d)

$4,000.00

L33TOTAL PAYMENTS

$5,696.60

REFUND

L35aREFUND (MAXIMUM — ALL ELIGIBLE CREDITS)

$3,924.18

EIC NOT CLAIMED — Non-Custodial Parent

IRC §32(c)(1)(A) — Earned Income Credit requires the qualifying child to have the same principal place of abode as the taxpayer for more than half the year. Non-custodial parents are ineligible for EIC even with Form 8332. Rev. Rul. 2008-5; IRS Pub. 596.

Box 12 DD — $17,732.52 — NOT Included in Income

Employer-sponsored health coverage reported in Box 12 Code DD is informational only. Excluded from gross income per IRC §106(a). IRS Notice 2012-9. Does not affect AGI, tax, or credits.

Tricare MEC confirmed — IRC §5000A(f)(1)(A)(iv); IRS Notice 2014-10 — No shared responsibility payment

Andreaa Chan'nel, MPA

Role:ERO Admin

PTIN:P03215544

EFIN:748335

Signed in 03:09 PM

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