Certain items on a return trigger the need to use Forms A or tax tables , rather than Form EZ. Having kids you want to claim as dependent immediately bumps you to at least a Form A. For example, you can have capital gain distributions usually from a mutual fund or distributions from an IRA and still use Form A. You can claim certain tax credits using Form A, including the credit for child and dependent care expenses, credit for the elderly or the disabled, education credits, retirement savings contribution credit, child tax credit, earned income credit, and additional child tax credit.
When you use TaxAct to prepare your return, TaxAct will guide you through simple interview questions about your tax situation and recommend which form to file with.
In addition, we can help you choose prior to preparing your return. Take Control of Your Finances Sign up to get the latest tax tips, information on personal finance and other key resources sent straight to your email. How do you know which form you should use? How do you know if you are eligible for a a or ez? The advantages of Form A or EZ is they are easy to fill out and easy to read.
Which IRS form to use? What could be easier? If you filed taxes last year but never received your state tax refund, what should you do? Are you unsure of what tax forms and information you need to file taxes this year? IRS direct deposit is a convenient way to receive your tax refund. Find out the benefits of using direct deposit and how you can set it up for your tax return.
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Tax information center : IRS : Forms. What is a A Form? The only deductions you can claim are those for IRA contributions, student loan interest, certain educator expenses, and allowable tuition and fees. What is a EZ? You can only file as single or married filing jointly. You cannot claim any children, or any other person, as your dependent. You cannot claim any deductions from your income. You cannot have received an advanced premium tax credit.
You and your spouse if filing a joint return must be under the age of 65 and not blind. Once you calculate your tax, Form A allows you to claim a limited number of tax credits such as for child and dependent care expenses, child tax credit, the credit for the elderly or disabled and education tax credits.
Your total credits reduce your tax bill on a dollar-for-dollar basis. After reducing your tax by the credits, you reduce it again by the amount of your tax payments and withholding.
The filing status and exemptions section of Form A is similar to the corresponding section on Form Due to the limited types of income you can receive and the limited adjustments to income you can make on Form A, the income and adjusted gross income sections of Form A are much shorter. One of the most significant differences between the two forms is that you can itemize deductions on Form but not on Form A.
Remember, with TurboTax , we'll ask you simple questions about your life and help you fill out all the right tax forms. Whether you have a simple or complex tax situation, we've got you covered. Feel confident doing your own taxes. Just answer simple questions about your life, and TurboTax Free Edition will take care of the rest. For Simple Tax Returns Only. What are Income Tax Forms? Claiming the Foreign Tax Credit with Form What is the IRS Form ?
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