July 6, 2016
Tax Tip: Rules for Home Office Deductions

Which Tax Form Do You Need?

Which Tax Form Do You Need?, “Which Tax Form Do You Need?”, While most Americans choose to e-file their taxes for convenience and security, some taxpayers still prefer to fill out paper forms. While most Americans choose to e-file their taxes for convenience and security, some taxpayers still prefer to fill out paper forms. If you are filing on paper, you need to know which form to fill out. Here are some tips from the IRS on how to choose the right tax form: 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. Consider 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. Use the 1040 […]