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| filing status. The additional standard for being 65 or older or blind increases by different amounts for the different filing statuses. It is not as before where the additional standard deduction increased by the same amount and was only based on the fact the you were 65 or older or blind and it was the same amount regardless of filing status used. For example, if you are single the additional standard deduction increases by $1,550 for each situation or circumstance such as being 65 or older or being blind. If you are married filing jointly your standard deduction increases by only $1,200 for each circumstance such as being blind or being 65 or older. Additionally, this $1,200 amount also applies to married taxpayers who decide to file as married filing separately. |
| More Tax Facts: |
| You can use Form 1040EZ if your filing status is Single or Married Filing Jointly, your taxable income is less than $100,000, and you are not a debtor in a Chapter 11 bankruptcy case filed after October 16, 2005. |
| There is a fantastic analogy in a Tax Act blog "The Difference Between Form 1040, 1040A and 1040EZ" for using the various tax forms. Filing the three different kinds of returns 1040EZ, 1040A, and 1040 is like having three water glasses of different sizes where Form 1040EZ would be an 8 ounce glass, 1040A would be a 12 ounce glass and Form 1040 would be a 24 ounce glass. Just like you can use a 24 ounce glass to drink 8 ounces or 12 ounces of water, you can use Form 1040 to file tax returns that can be filed on Form 1040EZ and Form 1040A. However, just like you cannot drink 24 ounces of water from an 8 ounce or 12 ounce glass, you cannot file a Form 1040 or 1040A tax return on a Form 1040EZ or a Form 1040 tax return on a Form 1040A. You get the idea? |
| Here is the entire
list of items that allow you to use Form 1040EZ.
* Only Single or Married Filing Jointly * No dependents * Under age 65 and not blind on January 1, 2015 * Only have wages, salaries, tips, taxable scholarship and fellowship grants, unemployment compensation, or Alaska Permanent Fund dividends, * Taxable interest was not over $1,500 * Taxable income is less than $100,000 * Earned tips are included in boxes 5 and 7 of your Form W-2 * No household employment taxes * No Chapter 11 bankruptcy case filed after October 16, 2005 * No adjustments to income |
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| Revised: 05/31/15 |
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