Assisted returns decreased 1.7% for FY19, which was anticipated due to the elimination of the Free Federal 1040EZ
"I remember getting my first W-2 and preparing my first 1040EZ
by hand," she notes.
If you have an automatic six-month extension to file your income tax return for 2017, file Form 1040,1040A, or 1040EZ
and pay any tax, interest, and penalties due.
If you have them, refer to the W-2 Forms or Federal Income Tax Return IRS 1040, 1040A or 1040EZ
The IRS is working on a new Form 1040 for the 2019 tax season and announced in late June that they are streamlining the Form 1040 into a "shorter, simpler postcard-sized" form intended to replace and consolidate current Forms 1040, 1040A and 1040EZ
so that all 150 million taxpayers can use the same form.
The act also mandated creation of a new Form 1040SR for taxpayers 65 and older that is supposed to be as simple as Form 1040EZ
, Income Tax Return for Single and Joint Filers With No Dependents, but will allow for reporting of Social Security benefits and retirement distributions, interest and dividends, and capital gains and losses taken into account in determining adjusted net capital gain.
Current and prior year tax forms (such as the tax year 2014 Form 1040, 1040A and 1040EZ
) and instructions are available on the IRS.gov Forms and Publications page or by calling toll-free 800-TAX-FORM (800-829-3676).
This section could lead to the creation of a simple tax form, similar to the Form 1040EZ
, that people ages 65 and older could use even if they had income from Social Security, or distributions from annuities or retirement plans.
Newton then talked about the fact that there is already an easy method to file for tax returns and that is the (https://www.irs.gov/pub/irs-prior/f1040ez--2016.pdf) 1040EZ
form, which has only one page that need to be filled
The preliminary statistics in this data release are based on a sample of individual income tax returns (Forms 1040, 1040A, and 1040EZ
, including electronically filed returns) filed during Calendar Year 2010.
Lastly, the saver's credit is not available on the IRS' Form 1040EZ
. Many who are eligible to benefit from the credit may be using this form -- when they should be filing with IRS Forms 1040, 1040A or 1040NR -- and so don't get the tax benefit.
Many people who were formerly able to file Form 1040EZ
may find that they are no longer eligible to use this short form.