10/29/2023 0 Comments 1040 ez download![]() ![]() You can only file for the standard deduction with Form 1040-EZ.You won’t use this form if you need to adjust your gross income or make itemized deductions. If you’re using Form 1040-EZ for a valid tax year, there are a few things to keep in mind: For the 2018 tax season forward, though, Form 1040-EZ isn’t a valid tax form to use. You can still use Form 1040-EZ if you’re filing a late tax return for 2017 or before. Everyone else uses the standard Form 1040. It includes a larger font and spaces for forms of income that are more common for retirees. Form 1040-SR is designed specifically for people over age 65. For the 2022 tax season, you’ll file either a Form 1040 or a Form 1040-SR. The good news? The overall process of filing 1040 forms has become easier because there are now only two main forms to choose from. However, this form was short-lived: The IRS discontinued it in the 2018 tax season. There have been many versions of it, such as 1040-EZ and 1040-SR - and there are some important things to know about it as you start preparing to file.įorm 1040-EZ was created to make filing income taxes easier for taxpayers. Form 1040 is the tax form that most taxpayers use today. These days, the IRS has made doing taxes much easier for everyone involved by creating simplified tax forms that take a lot of the guesswork out of filing. But simplicity is a good thing when it comes to handling filings that usually have a reputation for getting rather complicated - and the IRS has taken note. That’s a pretty simplified look into the basics of taxes. The amount of money you owe - or are due back in the form of refunds - also varies based on expenses and tax credits that change your level of taxable income. ![]() The federal taxes you pay each year are based on the total amount of income you earned the previous year - that includes all the money you earn from a variety of different sources, such as wages, interest on bank accounts and profits earned from investments. ![]()
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