Understanding the 1040EZ Form: A Guide to Common Finance Terms
Understanding the 1040EZ Form: A Guide to Common Finance TermsFiling taxes can be a daunting task, but the 1040EZ Form streamlines the process for those with straightforward finances. Here's everything you need to know to fill out the form correctly and maximize your tax refund.What is the 1040EZ Form?The 1040EZ Form is the simplest tax form the Internal Revenue Service (IRS) offers. It's a one-page form used by individuals who have no dependents, earn less than $100,000/year, and have no itemized deductions. Compared to the more complex Forms 1040 and 1040A, the 1040EZ Form is less time-consuming and easier to…