Bold background in the 1040EZ Form

Aug 6th, 2022
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How to bold background in the 1040EZ Form

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hey everyone im bradford with the penny finisher personal finance first make sure you hit that like button so you know to make more videos like it today im going to give you a walkthrough on how to fill out the irs form 1040 for tax year 2021 with a specific example of you who are single and with no dependents really the only situation where i would recommend you consider filling out the 1040 yourself you have a w-2 job say you work at mcdonalds or something like that where youre getting paid and youre not being paid as a contractor with 10.99 as your tax situation gets more complicated you start having investments say you start your own business things are going to get outside of the scope for the majority of people and using some sort of tax prep software or hiring out with a tax preparation company or a cpa is going to be your best option make sure you get your taxes done correctly so with that said lets actually jump into the forms and start going through how you would fill i

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Although you will have to calculate your taxes yourself, the IRS allows you to e-file the forms at no chargebut you must create an online account with the IRS in order to do so.
However, filing with Form 1040EZ is no longer an option. This form has since been replaced by Form 1040 and Form 1040-SR, depending on your tax situation.
Form 1040EZ was ultimately scrapped due to the limitations of the form. The IRS opted for the building block approach of allowing taxpayers to more easily add allowances or credits as applicable to their return.
Your filing status was single or married filing jointly. You had taxable income of less than $100,000 with less than $1,500 of interest income. You claimed no dependents.
The simplest IRS form is the Form 1040EZ. The 1040A covers several additional items not addressed by the EZ. And finally, the IRS Form 1040 should be used when itemizing deductions and reporting more complex investments and other income. Here are a few general guidelines on which form to use.
To begin with, each has a different level of complexity. The standard 1040 form is the most complex of the three, while the 1040EZ is the simplest (hence its nickname of simple income tax return), and the 1040A is somewhere in the middle.

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