What is the standard deduction on the 1040EZ?
$12,550
The 1040EZ is a simplified form used by the IRS for income taxpayers that do not require the complexity of the full 1040 tax form….Standard deduction.
| Filing Status | Standard Deduction |
|---|---|
| Single | $12,550 |
| Heads of Household | $18,800 |
| Married Filing Separately | $12,550 |
How is taxable income calculated on the 1040EZ?
The 1040EZ calculator does not support other types of income. This is your total taxable income. It is calculated as your total income minus your standard deduction and your deduction for exemptions.
Where do I get IRS form and instructions?
You can call 1-800-TAX-FORM (800-829-3676) Monday through Friday 7:00 am to 10:00 pm local time – except Alaska and Hawaii which follow Pacific time – to order current year forms, instructions and publications as well as prior year forms and instructions by mail.
Is 1040 the same as 1040EZ?
The simplest IRS form is the Form 1040EZ. The 1040A covers several additional items not addressed by the EZ. And finally, the IRS Form 1040 should be used when itemizing deductions and reporting more complex investments and other income.
What information is required on a 1040EZ form?
As with all tax forms, the top of Form 1040EZ required you to provide your personal information such as: Name. Address. Social Security number..
What is the maximum income to file 1040EZ?
Before recent tax reforms, you could file with Form 1040EZ if: Your filing status was single or married filing jointly. You had taxable income of less than $100,000 with less than $1,500 of interest income. You claimed no dependents.
Where can I find the instructions for the Form 1040EZ?
For the latest information about developments related to Form 1040EZ and its instructions, such as legislation enacted after they were published, go to IRS.gov/Form1040EZ. FUTURE DEVELOPMENTS 2017 TAX CHANGES
Do you use Form 8962 or Form 1040EZ?
If you are claiming the premium tax credit, \le Form 8962 with Form 1040, 1040A, or 1040NR. DO NOT use Form 1040EZ. If you must reconcile advance payments of the premium tax credit, \le Form 8962 with Form 1040, 1040A, or 1040NR. DO NOT use Form 1040EZ.
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Do you need to file Form 1040EZ for 2017?
For 2017, you must: Do Not File Form 1040EZ if You Are Claiming the Premium Tax Credit or You Are Required To Reconcile Advance Payments of the Premium Tax Credit If you are claiming the premium tax credit, le Form 8962 with Form 1040, 1040A, or 1040NR. DO NOT use Form 1040EZ.