Q:

What is an IRS 1040EZ form with instruction booklet?

A:

Quick Answer

The 1040EZ form is a simplified tax form for individuals with taxable income of less than $100,000. The paper copy of the form comes with an instruction booklet that includes tax tables and explains the formulas found on the form.

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Full Answer

The 1040EZ has four parts. The first part is dedicated to personal information such as name and address, while the second two sections are for reporting wages and tax payments made throughout the year. The final section of the form is a worksheet that allows for the calculating of refunds or owed taxes. The 1040EZ form does not have a dedicated section for itemized deductions or listing extensive tax credits.

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