There are a lot of options available to you when it comes to tax forms. It seems like there is a tax form for just about every type of filer. Just what do they mean though? The IRS certainly makes it as confusing as possible. You basically have the primary 1040 and a whole bunch of out shoots to choose from.
The first is probably the 1040EZ. This is for a single person filing without any dependents or a married couple filing jointly without dependents. The form itself is pretty simple. You just report your income, claim the standard deduction, and then fill in your contact information. It is a really easy form, but it is only for people who don’t have dependents and don’t need extra deductibles.
The second one to look at is the 1040A. This form is the upgraded 1040EZ for any filer with dependents. It is only a bit longer, but it allows a greater range of filing options. You are still claiming the standard deduction, but most families won’t need to have anything greater than this.
If either of these forms confuse you, then you might just want to look into some good software that will let you handle taxes online. It should be a good solution.
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