Truth 3. Filling out the right form
1040. It’s the most feared number in America, especially when April 15 is fast approaching.
Form 1040 is the tax document, the one millions of us complete to report our income and figure any associated federal taxes or refunds due.
There are, however, three 1040 versions. Picking the appropriate one could save you money.
Form 1040EZ—Because tax filing is a dreaded task, the allure of an official form labeled EZ is understandable. And for many people, this simplest of the three 1040 versions is the perfect filing answer.
But there are some restrictions. The main one is income, both the amount and type. You must make less than $100,000 to file the EZ. Even if you meet the income limit, if your ...
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