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Which Form Should I File? 1040EZ , 1040A or 1040.


You can generally use the 1040EZ if:


Your taxable income is below $100,000;

Your filing status is single or married filing jointly;

You are not claiming any dependents; and

Your interest income is $1,500 or less.



The 1040A may be best for you if:


Your taxable income is below $100,000;

You have capital gain distributions;

You claim certain tax credits; and

You claim adjustments to income for IRA contributions and student loan interest.



However, reasons you must use the 1040 include:


Your taxable income is $100,000 or more;

You claim itemized deductions;

You are reporting self-employment income; or

You are reporting income from sale of a property.


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Posted By Julie Standish EA MBA to ALL STAR TAX SOLUTIONS at 2/02/2014 08:48:00 PM

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