1040EZ Form

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Definition of '1040EZ Form'

The 1040EZ form is a simplified version of the 1040 form that is used by taxpayers who have taxable income of less than $100,000 and who are not claiming any dependents. The form is available on the IRS website and can be completed and filed electronically or by mail.

The 1040EZ form is a one-page form that asks for basic information about the taxpayer, such as their name, address, and Social Security number. It also asks for information about the taxpayer's income, such as wages, salaries, and interest income. The form also asks for information about the taxpayer's deductions, such as the standard deduction and the personal exemption.

Once the taxpayer has completed the form, they can calculate their tax liability and file the form with the IRS. The 1040EZ form is a simple and easy-to-use form that can save taxpayers time and money.

Here are some additional details about the 1040EZ form:

* The 1040EZ form is not available to taxpayers who have any of the following:
* Income from self-employment
* Investment income of more than $1,500
* Capital gains or losses
* Foreign income
* Education credits
* Child tax credits
* Earned income tax credit
* The 1040EZ form can be used by taxpayers who are married filing jointly, married filing separately, or single.
* The 1040EZ form can be used by taxpayers who are claiming the standard deduction or the itemized deduction.
* The 1040EZ form can be used by taxpayers who are claiming the earned income tax credit.

If you are not sure if you can use the 1040EZ form, you should consult with a tax professional.

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