Who can file federal income tax form 1040ez?

jscalona
by jscalona

 

Everyone wants to be able to fill out tax forms 1040EZ. They are the easiest of the personal income tax forms and take the least amount of time. However, not all taxpayers can use these simple forms. Not only are there several requirements you must meet to be able to file them, others are unable to use the tax forms 1040EZ because of their type of work.

Requirements
There are several requirements you must fit in if you want to use the tax forms 1040EZ.

  • Your filing status is single or married filing jointly
  • You do not claim any dependents
  • You do not claim adjustments to income
  • You claim only the Earned Income Credit
  • You are under the age of 65
  • You are not blind
  • Your taxable income is less than $100,000
  • You had only wages, salaries, tips, taxable scholarship, unemployment compensation or Alaska Permanent Fund dividends to claim
  • Taxable interest is not over $1,500
  • You did not receive advance Earned Income Credit payments
  • You do not owe household employment taxes on wages you paid to a household employee
  • You are not in Chapter 11 bankruptcy

Also, if you are using Schedule L for your standard deduction, you cannot use the tax forms 1040EZ. The Schedule L is for increasing your deduction by certain net disaster losses or new motor vehicle taxes.

If you fit these requirements, you should be able to use the tax forms 1040EZ.

Other Issues
If you’re itemizing your deductions at all, you cannot use the tax forms 1040EZ. In fact, you also cannot use the 1040A. The 1040 tax forms are your only option if you’re itemizing.

You may also not want to use the tax forms 1040EZ if you must also file a Schedule form. Schedule forms are for special circumstances. For example, the Schedule C is for taxpayers who are self-employed. These Schedules usually require the filer to use form 1040. Thus, you cannot use the 1040EZ. Check with a tax service professional if you are unsure.