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As a single person with no dependents and one job and no other source of income what tax return should you file - 1040a or 1040ez?
Wiki User
∙ 18y ago
1040 EZ would probably be your best bet.
Wiki User
∙ 18y ago
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What is taxable interest on the 1040EZ tax form?
Form 1040EZ is Income Tax Return for Single and Joint Filers with No Dependents. Line 2 in the Income Section of Form 1040EZ is where you enter taxable interest. Most interest that you receive and that you can withdraw is taxable income. Examples of taxable interest are interest on bank accounts, money market accuracy certificates, and credit union dividends. The payer sends this information to you on Form 1099-INT or Form 1099-OID.
On this year's income tax can you file dependents?
You can always file dependents on your income tax return, as long as you have dependents living in your home that you are responsible for supporting financially.
Is Form 1040A or Form 1040EZ easier?
Form 1040Ez is Income Tax Return for Single and Joint Filers with No Dependents. It's the easiest of the 1040 series. It's only one page. Form 1040A and Form 1040 are both two pages. But Form 1040A is easier than Form 1040.
As a single person with 2 dependents and one job and no other source of income what tax return should you file?
1040A
What is IRS form 1040ez used for?
Form 1040EZ is Income Tax Return for Single and Joint Filers with No Dependents. It's only one page. It's the simplest of the three forms in the 1040 series. It's used only by Single or Married Filing Jointly filers who have no dependents. Income is under $100,000 and is only from certain sources (wages/salaries/tips; unemployment compensation, Alaska Permanent Fund dividends). Taxable interest, if any, is $1,500 or less. No adjustments to income are being claimed, and only certain credits (earned income, making work pay) are being claimed.
What are the 3 important qualification you must meet to be able to uae a 1040EZ tax return?
The 1040EZ tax form is one of the shortest and most simple tax forms to complete on your own. Three important qualifications is income being less than $100,000, provide all sources of income, and not claiming any dependents.
What is taxable interest on the 1040EZ tax form?
Form 1040EZ is Income Tax Return for Single and Joint Filers with No Dependents. Line 2 in the Income Section of Form 1040EZ is where you enter taxable interest. Most interest that you receive and that you can withdraw is taxable income. Examples of taxable interest are interest on bank accounts, money market accuracy certificates, and credit union dividends. The payer sends this information to you on Form 1099-INT or Form 1099-OID.
On this year's income tax can you file dependents?
You can always file dependents on your income tax return, as long as you have dependents living in your home that you are responsible for supporting financially.
Is Form 1040A or Form 1040EZ easier?
Form 1040Ez is Income Tax Return for Single and Joint Filers with No Dependents. It's the easiest of the 1040 series. It's only one page. Form 1040A and Form 1040 are both two pages. But Form 1040A is easier than Form 1040.
As a single person with 2 dependents and one job and no other source of income what tax return should you file?
1040A
What is IRS form 1040ez used for?
Form 1040EZ is Income Tax Return for Single and Joint Filers with No Dependents. It's only one page. It's the simplest of the three forms in the 1040 series. It's used only by Single or Married Filing Jointly filers who have no dependents. Income is under $100,000 and is only from certain sources (wages/salaries/tips; unemployment compensation, Alaska Permanent Fund dividends). Taxable interest, if any, is $1,500 or less. No adjustments to income are being claimed, and only certain credits (earned income, making work pay) are being claimed.
How many dependents can you claim on a federal income tax return in Georgia?
3
Should you file a US tax return if you are still claimed as a dependent on your parent's US tax return?
Yes, you must file a tax return, even if someone else claims you as a dependent, if you had earned income or interest. Most taxpayers who are claimed as dependents on someone else's return use form 1040EZ, especially if they claim the standard deduction and do not need to itemize deductions.
Can I claim my children as dependents on my tax return if my income was from unemployment benefits?
Unemployment income does not effect your dependents and your ability to claim them on your return. As long as you meet the other requirement to claim your children then you can certainly claim them.
What will be the end result for the taxpayer who filed his federal income tax return using the 1040EZ form shown below?
he will owe $135
What is a form 1040EZ?
The 1040EZ is an alternative to the Internal Revenue Service's (IRS) 1040 income tax form and offers a faster and easier way to file taxes, meant for taxpayers with rudimentary tax situations. In order to be eligible to use this form, the individual must have a taxable income of less than $100,000, interest income of $1,500 or less, possess no dependents and fulfill other requirements set by the IRS. Also known as "income tax return for single and joint filers with no dependents" and unofficially as the "easy form". For most individuals, the 1040EZ is the first tax form they will fill out. For example, a young adult with a part-time job will file a tax return at the end of the year. This person will have a straightforward and simple tax situation if she or he has no real estate assets, no tax shelters and no foreign income; only the most basic information is needed to determine whether any money is owed or refunded. As an individual's taxation situation becomes more complicated by having a child and claiming a dependent, he or she may need to file under the Form 1040A or Form 1040.
What tax form do you use if you had unemployment benefits in 2008?
Unemployment benefits are reported to you on Form 1099-G (Certain Government Payments). If you had unemployment benefits, you can file any of the 1040 series. Form 1040EZ is Income Tax Return for Single and Joint Filers with No Dependents. It's the easiest form. If you're single or married filing jointly with no dependents and your only source of income was unemployment, then you should file Form 1040EZ. Depending on the complexity of your situation, you may need to file either Form 1040A or Form 1040. For 2008 unemployment benefits, you enter the full amount from line 1 (unemployment compensation) onto line 3 of 1040EZ or line 13 of 1040A or line 19 of 1040. For 2009 returns, report the amount in box 1 of 1099-G that is in excess of $2,400. In other words, $2,400 of your unemployment benefits are excluded from your income, and therefore from tax, for 2009.
