When it comes to paying your taxes, you need to have clear understanding about your tax situations so that you can easily choose tax forms and the method of filing your return. If you have simple tax return, you may consider opting for 1040ez tax form. However, there are certain things which you should know for using this form.
You should know that Tax Forms 1040ez is perfect for those individuals who meet certain criterion. If you and your spouse meet certain conditions, then only you are eligible for using this simplified version of tax form 1040 income tax often known as 1040 EZ. You will save your time and your money if you are eligible for tax form 1040ez.
To qualify for this form 1040ez, your taxable income should not be higher than $100,000. Your interest income should be less than $1,500. You and your spouse should be below 65 years old. You are not supposed to have adjustments to income. Please note that you can claim only standard deductions and not more than that. You are not supposed to claim any other tax credits. These are general considerations for using this form which you should remember while opting for it.
After the completion of your tax return, you have one thing to do and that is to sending it to the IRS service center. You have two options to send your form to the IRS; you can mail your Form 1040-EZ to the IRS or you can electronically file your return. It is quick and easy to file your return electronically and your file will get processed quickly.
If you wish to learn more about filing 1040ez Tax Forms, you may visit federal1040ez.com site. Federal Tax 1040ez will familiarize you with this form and how to file it conveniently online.
You should know that Tax Forms 1040ez is perfect for those individuals who meet certain criterion. If you and your spouse meet certain conditions, then only you are eligible for using this simplified version of tax form 1040 income tax often known as 1040 EZ. You will save your time and your money if you are eligible for tax form 1040ez.
To qualify for this form 1040ez, your taxable income should not be higher than $100,000. Your interest income should be less than $1,500. You and your spouse should be below 65 years old. You are not supposed to have adjustments to income. Please note that you can claim only standard deductions and not more than that. You are not supposed to claim any other tax credits. These are general considerations for using this form which you should remember while opting for it.
After the completion of your tax return, you have one thing to do and that is to sending it to the IRS service center. You have two options to send your form to the IRS; you can mail your Form 1040-EZ to the IRS or you can electronically file your return. It is quick and easy to file your return electronically and your file will get processed quickly.
If you wish to learn more about filing 1040ez Tax Forms, you may visit federal1040ez.com site. Federal Tax 1040ez will familiarize you with this form and how to file it conveniently online.