Online Tax Preparation and Filing FAQ
Frequently Asked Questions about Online Tax Preparation and Filing
What is the difference between a 1040 and a 1040EZ?
The 1040EZ is the simplest tax form, and can only be used if your income is less than $100,000 per year and is entirely from wages, salary, tips, taxable grants or unemployment compensation, and your taxable interest is not over $1,500, and if you only take the standard deductions. You cannot use a 1040EZ if you plan to claim dependents. A 1040 allows you to itemize your deductions and declare dependents.
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