August 31, 2007, Newsletter Issue #79: Qualifying to Use IRS Form 1040EZ

Tip of the Week

The IRS tax forms have a reputation for being confusing, frustrating, and downright nasty to fill out. However, if you qualify, the 1040EZ could solve all those headaches when it comes time to file taxes. Is your taxable income less than $100,000? Is your filing status single or married filing jointly? Are you under the age of 65? Are you NOT claiming any dependents? Is your interest income $1,500 or less? If you answer, “Yes,” to these questions, you probably qualify to use the 1040EZ to file taxes.

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