![]() Here are some requirements for filing a 1040A: You can also claim dependents and take tax credits for retirement savings, earned income, and childcare and a few other things. With the 1040A you can file as head of household, which is not available on the 1040-EZ. However, the 1040A form is a step up (in terms of complexity) from the 1040EZ, and a step below the regular 1040. ![]() You also cannot file a 1040-EZ if you have self-employment income, alimony, dividends, or capital gains!Īs your life becomes more complex (eg, the addition of children) so does your tax situation. You can take a standard deduction, but you can’t itemize or claim an adjustment to income (eg, contributions to an IRA). Tax Time! 10 Most Common Irs Forms Explained To make it even easier for you, we have listed the necessary information to help you with the tax filing process. However, keep in mind that you will not be able to claim deductions and you must meet various criteria such as having a taxable income of less than $100,000 and both you and your spouse (if filing jointly) being under 65 years of age on January 1st of that year tax. Form 1040-EZ is the simplest of the three tax return forms (1040, 1040A, 1040-EZ) and is a simple 2-page form to fill out. When it comes to taxes, most people want to keep it as simple as possible. With the new system in place, the short Forms 1040EZ and 1040A are no longer necessary, but the same type of filers are still eligible to file “simple returns.” Form 1040ez The IRS and the Treasury Department have tried to simplify the basic Form 1040 document from a few pages to a system of “building blocks” Form 1040 is now one main page with six new schedules that must be completed and attached to your Form 1040 as needed. Form 1040ez – Form 1040EZ is no longer for taxpayers to use, but former EZ filers may still qualify for a “simple return.”
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