Check Out Our Article The Different Tax Forms
What is the Difference Between Form 1040 vs 1040-EZ vs Form 1040A When it comes to taxes, most people want to keep it as easy as possible. To make it even easier for you, we’ve made a quick blog post on the differences between forms What is a 1040-EZ? The 1040-EZ form is the easiest of the three tax return forms (1040, 1040A, 1040-EZ) is a simple 2-page form that you can fill out. However, keep in mind you will not be able to itemize deductions and must meet various criteria such as having taxable income under $100,000 and both you and your spouse (if you file jointly) are under 65 on January 1st for that tax year. What is a 1040A? As your life becomes more complex (e.g., the addition of kids) so does your tax situation. However the form 1040A is a gradual step-up (in terms of complications) from the 1040EZ, and a step below the traditional 1040. What is Traditional 1040? If your taxable income exceeds $100,000/year and you plan to deduct certain items from...