What is IRS Form 1040EZ?

IRS Form 1040EZ is a simplified version of the standard IRS Form 1040 that is used to file individual tax returns.

IRS Form 1040EZ

The “EZ” in Form 1040EZ stands for “easy,” and it is designed for taxpayers who have a straightforward tax situation and do not have a lot of deductions or credits to claim.

Here’s what you need to know about the former Form 1040EZ.

The form was discontinued as of the 2018 tax year and replaced with the redesigned Form 1040. Form 1040EZ was a shortened version of Form 1040 for taxpayers with basic tax situations.

If you met the eligibility criteria for Form 1040EZ, it was a quick and easy way to file your taxes and get your refund.

Table of Contents

Eligibility for Form 1040EZ

Not everyone is eligible to use Form 1040EZ. To use this form, you must meet the following criteria:

  • Your filing status is single or married filing jointly
  • You do not claim any dependents
  • Your taxable income is less than $100,000
  • You only have income from wages, salaries, tips, taxable scholarships or fellowship grants, unemployment compensation, or Alaska Permanent Fund dividends
  • You do not claim any adjustments to income, such as IRA contributions or student loan interest deductions
  • You do not claim any tax credits, other than the earned income tax credit

If you meet all of these criteria, you can use Form 1040EZ to file your taxes.

Filling Out Form 1040EZ

Form 1040EZ is only one page long, and it is divided into three sections:

  • Personal Information – This section asks for your name, address, Social Security number, and filing status.
  • Income – This section asks for information about your income, including wages, salaries, and tips. You will also need to report any unemployment compensation, taxable scholarships or fellowship grants, and Alaska Permanent Fund dividends.
  • Taxes – This section calculates your tax liability based on your income and filing status. If you had any federal income tax withheld from your paycheck, you can claim a refund by entering the amount on this line.

Once you have completed all three sections of the form, you can sign and date it, and then mail it to the IRS.

Benefits of Using Form 1040EZ

There are several benefits to using Form 1040EZ if you are eligible. First, it is a much simpler form than the standard Form 1040, which means that it is quicker and easier to fill out.

Second, if you use Form 1040EZ, you may be able to get your refund faster, since the form is processed more quickly than the standard form.

Finally, if you use Form 1040EZ, you may be less likely to make errors on your tax return, since the form is so straightforward.

1040EZ is a simplified version of the standard Form 1040

IRS Form 1040EZ is a simplified version of the standard Form 1040 that is designed for taxpayers who have a straightforward tax situation.

If you meet the eligibility criteria for Form 1040EZ, it can be a quick and easy way to file your taxes and get your refund.

Just be sure to read the instructions carefully and double-check your work before you submit your form to the IRS.

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