How the 1040ez Tax Form Simplifies Your 2013 Tax Return Filing
Paying taxes is an unavoidable task that no one particularly enjoys. Obviously, it is a good idea to make an effort towards getting your taxes filed before the deadline in order to avoid being penalized.
The number of different forms an individual encounters when they are filing taxes can make the whole process extremely confusing. If you are someone is going to file an individual tax return there are three forms for you to choose from:
Form 1040A, Form 1040ez, and Form 1040. If you are someone who wants the least complex and easiest form in order to simplify the process of filing your tax return, you need the 1040ez tax form. Obviously, it is important to make sure that meet the qualifications of this tax form before you start your tax return.
Qualifications for Filing the Short Form
The vast majority of all tax payers consider the 1040ez tax form to be the easiest form for a lot of different reasons. The first reason it simplifies things is because a lot of typical adjustments to your yearly income can be excluded from the form.
Unfortunately, there are a handful of financial issues that might prevent you from being able to use this form. These issues include capital gain transactions such as the sale of property, the sale of stock, paid alimony, received alimony, and taxable social security benefits.
The 1040ez tax form is actually the shortest federal income tax form that there is. This tax form was created for tax payers who have a status of single or married jointly. It was also created for tax payers with one of those statuses who do not claim any dependents.
This particular tax form is desirable by a large number of tax payers because it takes a lot less time to complete and to process. A tax payer must meet all of the following criteria in order to file the 1040ez tax form:
Why not take the hassle out of filling out tax forms and visit TurboTax online. Just enter in your information and their online software will complete all the proper forms for you.
The number of different forms an individual encounters when they are filing taxes can make the whole process extremely confusing. If you are someone is going to file an individual tax return there are three forms for you to choose from:
Form 1040A, Form 1040ez, and Form 1040. If you are someone who wants the least complex and easiest form in order to simplify the process of filing your tax return, you need the 1040ez tax form. Obviously, it is important to make sure that meet the qualifications of this tax form before you start your tax return.
Qualifications for Filing the Short Form
The vast majority of all tax payers consider the 1040ez tax form to be the easiest form for a lot of different reasons. The first reason it simplifies things is because a lot of typical adjustments to your yearly income can be excluded from the form.
Unfortunately, there are a handful of financial issues that might prevent you from being able to use this form. These issues include capital gain transactions such as the sale of property, the sale of stock, paid alimony, received alimony, and taxable social security benefits.
The 1040ez tax form is actually the shortest federal income tax form that there is. This tax form was created for tax payers who have a status of single or married jointly. It was also created for tax payers with one of those statuses who do not claim any dependents.
This particular tax form is desirable by a large number of tax payers because it takes a lot less time to complete and to process. A tax payer must meet all of the following criteria in order to file the 1040ez tax form:
- They must have a taxable income earning of less than $100,000.
- The must not claim any adjustments to their income.
- They must be under the age of sixty-five.
- They must not be blind.
- They must only have income from: wages, tips, salaries, unemployment benefits, or taxable grants.
- Their taxable interest must be less than $1,500.
- They must not owe any household employee taxes.
Why not take the hassle out of filling out tax forms and visit TurboTax online. Just enter in your information and their online software will complete all the proper forms for you.
