Asked by maggie Radziszewski on Jul 11, 2024
Verified
To be eligible to file the 1040EZ form,the taxpayer can only have taxable wages.
Form 1040EZ
Form 1040EZ was a simplified tax form for individuals with uncomplicated tax situations, but it is no longer in use as of 2018.
Taxable Wages
Earnings from employment or other services that are subject to taxation, after accounting for deductions and exemptions.
- Identify the specifications and qualifications necessary to submit various tax forms, including Form 1040EZ.
Verified Answer
LF
Liezel FormenteraJul 13, 2024
Final Answer :
False
Explanation :
To be eligible to file the 1040EZ form, the taxpayer must meet several criteria, including having a filing status of single or married filing jointly, no dependents, no itemized deductions, and taxable income of less than $100,000. There is no requirement that the income must come from taxable wages only.
Learning Objectives
- Identify the specifications and qualifications necessary to submit various tax forms, including Form 1040EZ.