IRS Form IRS 1040EZ is the simplest of the three forms of tax that you can use to file your federal income taxes. If your taxable income is less than $ 100,000, you do not ask load and are presented as single or married filing jointly, then you may be eligible to file Form JEEZ. The one-page form has four short sections that you must complete. If you use Turbot to do your taxes, request our Free Edition for JEEZ taxpayers. This allows you to IRS 1040EZ prepare and file your federal return for free. Personal data. As with all forms of taxes, on top of the JEEZ form, you must provide your personal information such as name, address and social security number. You can not file Form JEEZ if your filing status is single or married filing jointly.
Since you can not claim IRS 1040EZ dependents, you move to the disclosure of their income in the next section after providing this basic information. Sources of income. The only types of income that you can view the JEEZ form is salaries, tips, taxable interest of the $ 1,500 or less, unemployment compensation and dividends Alaska Permanent Fund. If you have income from sources other than these, such as alimony or dividends, IRS 1040EZ then you must file your tax on Form 1040 or Form AAA statement. After providing your income, how to combine your exemptions and deductions allowed and deducted from your gross income to arrive at your taxable income standard. This is the amount you must pay tax.
Again, IRS 1040EZ using Turbot, these calculations will be made for you. Payments, credits and taxes. In the next section, payments, credits and taxes, is where you put the tax payments you have already made by the employer to withhold or make estimated tax payments. If you had federal income tax withheld from your wages, your employer will give you a W-2 form reports the total amount withheld IRS 1040EZ. If you qualify for the tax credit or to credit labor compensation for earned income, you can ask in this section. However, it is the only tax you can claim by completing the Form JEEZ credits.
IRS 1040EZ Ideas:
Then add all your payments and credits before calculating the amount of tax you owe on your taxable income. Use the tax tables in the instructions to find the amount of IRS 1040EZ tax you owe your filing status and taxable income. Turbot automatically determines credits can be claimed and apply the correct tax tables, etc. You do not need to answer a few simple questions IRS 1040EZ.
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