Are you wondering what tax form to use? If you are single or married filing jointly with no dependents then, you can use the 1040 EZ federal income tax form. Listed below are some of the guidelines for using the 1040 EZ Form.
- Single or Married filing jointly with no dependents
- Your Income is less than $100,000
- You’re not blind
- You’re not 65 years old
- You claim no adjustments to income
The items mentioned are just a few of the many stipulations involved with using Form 1040 EZ. There are other considerations you need to look at before you decide what form is best for you.
What I have found to be best for me was going to an online professional income tax software program like Turbo Tax Online. After you put in all of your information, the software will actually guide you into whatever form will give you the best outcome. You are guaranteed the biggest refund you deserve or you will have the lowest possible taxable income that you will have to pay on.
1040 EZ or 1040?
Let’s say you qualify to use the 1040 EZ income tax form and you think it just might be the easiest way to go. What you may not know is that the 1040 form may have better benefits for you. For example, you may be able to claim head of household filing status which usually gives you a lower tax than filing single.
Here’s another thought on which form to use. If you happen to itemize deductions then, you can only use form 1040 and will be unable to use form 1040EZ. What you will have to do is look at the standard deduction for your life situation and compare that to all of your deductions to see which one will be bigger.
Is the 1040 EZ Form for me?
If you haven’t found your answer yet as to what federal income tax form to use then, I suggest trying an online income tax software program. You can always try it for free and you do not have to pay unless you decide to actually file the form.
One of the biggest concerns for me was all about security. Of course the decision is up to you but, personally I choose TurboTax. They are rated #1 and have been for several years by companies we know and trust. Their site is very user friendly and the tax experts are standing by prepared to help you. Try for free today. Get started now!