What is Form 1040EZ

What is Form 1040EZ?

1040EZ is the shortest of all personal tax filing forms which can be filed only if the following eligibility criteria are met duly as per the Federal Laws.

  • Filing status is single or married filing jointly.
  • You and your spouse were under age 65 by the end of tax year.
  • You and your spouse were not certified blind during the tax year.
  • No dependents.
  • Taxable Income less than $100,000.
  • Taxable Interest must be $1,500 or less.
  • No deductions for tutor expenses, student loan interest, or tuition fees.
  • No claimed credits for education, retirement savings, or health coverage.
  • No advance Earned Income Credit received.
  • You can claim the earned income tax credit using this form.
  • Your earnings are from only wages, salaries, tips, taxable scholarships or grants, unemployment compensation, Alaska Permanent Fund dividends.

Now that we know what counts to be a 1040EZ filer, it’s time to know the form in detail. This one page form has four short but profound parts to be filled in. If you are using TaxGarden.com to prepare and file your return, you can do it like having a chat with your buddy. We’ll ask you quick questions of your life last year and fill out the form at the backend. Apart from this we’ve also got the latest Affordable Care Act Fully Covered to increase your savings.

Personal Information:

Just like any other tax return form, 1040EZ also needs personal information like name, address and Social Security Number. This part of the form covers majority of the eligibility issues like status, dependents and age.

In TaxGarden, your personal info is collected and checked for accuracy. If you choose to file your State returns with us, we transfer these details to your State returns automatically so you have less to do.

Sources of Income:

1040EZ can support only Taxable income from wages, salaries, tips, Unemployment Compensation, Alaska Permanent Fund Dividends less than 100,000 and taxable interest of $1,500 or less. Any other income must be reported in form 1040 or 1040A.

If you choose TaxGarden, your Income info is collected, processed and checked for accuracy. If you choose to file your State returns with us, we transfer the required details to your State Return automatically.

Payments, Credits & Tax:

This section lets you to list the tax payments you made through employer withholding or making estimated tax payments. Your EIC can be claimed in this section. All the payments and credits can be summed up before figuring the amount you owe to the IRS. Tax Tables can be used to know this amount, find the table in the 1040EZ instructions document.

If you choose to use TaxGarden, we’ll determine the right tax amounts. Al you need to do is answer some simple questions.

Refunds & Amounts Due Calculation:

If you had paid more than what you owe, it means you have a refund waiting to grab. You no longer need to wait long for getting your refund, share your banking details and get your refund directly deposited to your account.

In case you owe the IRS, you can see ways to pay them back; you can find this info in the 1040EZ instructions. As a unique feature, your underpayment penalty is calculated and informed.

TaxGarden will calculate your tax accurately to tell you the highest refund or the lowest tax due ever. When we say it’s accurate we show you why we are accurate. Like no other software, we show you the worksheets that we bind with your return. This will help you understand your refund or tax owed amount better than ever.

You may now choose to e-file or take a print out to paper file your return. And that’s it! Your savings are back into your pocket for FREE!

Wanna download Form 1040EZ or 1040EZ Tax Form Instructions for 2015?

The printable 1040EZ tax form and instructions are best for quick reference for those looking for the Federal IRS form and Step-by-Step Guidance all the way. The IRS updates Form 1040EZ and its instructions annually so, it is necessary to be aware that you work on the updated versions.

For more details on this simple personal tax return, take a look at the 1040EZ Tax Form Instructions 2015.


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