What is Form 1040ez
Of the three major tax forms, Form 1040EZ is the shortest and simplest to complete.
You can’t use this form if the 1040EZ restrictions apply to you or you don’t meet the 1040EZ requirements. Instead, you’ll have to file Form 1040A or Form 1040.
These are the restrictions on filing a 1040EZ:
- You can’t itemize deductions.
- You can’t have income from:
- Capital gains
- You can’t claim credits or deductions, except the Earned Income Credit (EIC). So you can’t claim:
- Charitable donations
- Mortgage interest paid
- Credits for child- and dependent-care expenses
- Education credits
- Advance premium tax credit/premium tax credit
If you want to file 1040EZ, all of these must be true:
- Your filing status is single or married filing jointly.
- You don’t claim dependents.
- Your taxable income is less than $100,000.
- Your income sources were only:
- Tips reported on your W-2, Boxes 5 and 7
- Taxable scholarships
- Taxable fellowship grants
- Unemployment compensation
- Alaska Permanent Fund dividends
- Your taxable interest is $1,500 or less.
- You don’t claim adjustments to income, like student-loan interest or an IRA deduction.
- The only credit you claim is the EIC.
- You and your spouse, if married filing jointly, were under age 65 and not blind at the end of 2017. If you were born Jan. 1, 1950, you’re considered to be age 65 and can’t use Form 1040EZ.
- You don’t owe household employment taxes on wages you paid to a household employee.
- You aren’t a debtor in a Chapter 11 bankruptcy case filed after Oct. 16, 2005.
- You don’t owe Alternative Minimum Tax (AMT) or aren’t required to file Form 6251: AMT.
Learn about the consequences you can face if you lie on your tax return. Get the facts from the tax experts at H&R Block.
The latest tax reform bill impacts a few housing deductions. Learn more about the changes to these deductions with the experts at H&R Block.
A manually monitored installment agreement is monitored by the IRS to ensure payments are made as required and all tax returns are filed and paid by the deadline. Learn more from H&R Block.
Learn about IRS Notice CP298 and how to address an IRS bill for unpaid taxes. Get help from the tax experts at H&R Block.