Just in case you’re doing your own return?by paper, or if you’re wondering why you needed to file the form type you did, here’s a 1040 Form recap from the IRS:
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.