Should I Use 1040Ez
For Folks with a Very Simple Tax Situation — Regular Job, No Kids, No House — the 1040Ez Form Will Make the Most Sense. However, Only About 13% of Taxpayers...
For folks with a very simple tax situation — regular job, no kids, no house — the 1040EZ form will make the most sense. However, only about 13% of taxpayers file this way. According to the IRS, you should file this form if the following applies to your situation: You’re filing as single or married filing jointly.
Do I use 1040 or 1040EZ?
The simplest IRS form is the Form 1040EZ. The 1040A covers several additional items not addressed by the EZ. And finally, the IRS Form 1040 should be used when itemizing deductions and reporting more complex investments and other income.
What criteria must you meet in order to use the 1040EZ tax form?
- Your filing status is single or married filing jointly.
- You don’t claim any dependents.
- You don’t claim any adjustments to income.
- You claim only the earned income credit.
James Sterling reports on renewable energy developments, climate policy, ecological conservation, and green tech innovations around the globe.
