IRS Tax Tip 2015-04, January 23, 2015 This tax filing season, get things off to a good start. Make it easy on yourself and let the software you use to e-file select the right form for you. Filing electronically is the easiest way to file a complete and accurate return. The software asks questions that guide you, minimizes errors and helps you get the tax credits and deductions that you are entitled to claim. Brand-name software’s also free when you use IRS Free File on IRS.gov. If you do file a paper return, here are some tips to help you use the right forms. You can generally use the 1040-EZ if: Your taxable income is below $100,000; Your filing status is single or married filing jointly; You don’t claim dependents; and Your interest income is $1,500 or less. Note: You can’t use Form 1040EZ to claim the new Premium Tax Credit. You also can’t use this form if you received advance payments of this credit in 2014. The 1040-A may be best for you if: Your taxable income is below $100,000; You have capital gain distributions; You claim certain tax credits; and You claim adjustments to income for IRA contributions and student loan interest. You must use the 1040 if: Your taxable income is $100,000 or more; You claim itemized deductions; You report self-employment income; or You report income from sale of a property. Remember, if you e-file your tax return you don't need any paper forms to mail to the IRS. Go to IRS.gov and click on the ‘IRS e-file’ icon to review your options. If you still need a paper form you can visit IRS.gov/forms to view, download or print what you need right away. If you found this Tax Tip helpful, please share it through your social media platforms. A great way to get tax information is to use IRS Social Media. You can also subscribe to IRS Tax Tips or any of our e-News subscriptions. IRS YouTube Videos: Welcome to Free File – English First Time Filing a Tax Return? – English (Obsolete) IRS Podcast: First Time Filing a Tax Return? – Spanish (Obsolete) Subscribe to IRS Tax Tips
