Its Tax Time!!
Here are some general rules to consider when deciding which paper tax form to file.
Use the 1040EZ if: Your taxable income is below $100,000 Your filing status is single or married filing jointly You are not claiming any dependents Your interest income is $1,500 or less Use the 1040A if: Your taxable income is below $100,000 You have capital gain distributions You claim certain tax credits You claim adjustments to income for IRA contributions and student loan interest If you cannot use the 1040EZ or the 1040A, you’ll probably need to file using the 1040. Among the reasons you must use the 1040 are: Your taxable income is $100,000 or more You claim itemized deductions You are reporting self-employment income You are reporting income from sale of property |
YUK tax time! We always have to pay. How does one get back the thousands of dollars in tax returns and can't even pay their bills? It's a puzzle.
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I hate tax time! I'd love it if we made more that $100K a yr but we always seem to end up owing some how!
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Originally Posted by BellaBoo
(Post 4845432)
YUK tax time! We always have to pay. How does one get back the thousands of dollars in tax returns and can't even pay their bills? It's a puzzle.
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Uncle Sam always gets a nice vacation from me and my hubby..:( Sigh....
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I hate tax time!
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