Not sure which form to use for your Tax Return?

Most tax software used for e-filing automatically selects the best form based on your personal situation, taking the headache out of choosing the right form. However, if you plan to file by paper here are some tips to help you choose the right form for your situation: You can generally use the 1040EZ if:
  • Your taxable income is below $100,000
  • Your filing status is single or married filing jointly
  • You are not claiming any dependents
  • Your interest income is $1,500 or less
If you can’t use Form 1040EZ, you may qualify to use the 1040A if:
  • Your taxable income is below $100,000
  • You have capital gain distributions
  • You claim certain tax credits
  • You claim adjustments to income for IRA contributions and student loan interest
If you cannot use the 1040EZ or the 1040A, you’ll probably need to file using the 1040. The reasons you must use the 1040 include:
  • Your taxable income is $100,000 or more
  • You claim itemized deductions
  • You are reporting self-employment income
  • You are reporting income from sale of a property
IRS Publication 17, Your Federal Income Tax, provides helpful information about which form is best for you.

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