What is the purpose of federal tax for 1040EZ?


Quick Answer

Federal tax form 1040EZ is designed to streamline the process of filing taxes and is the simplest of the three tax forms used for filing, notes TurboTax. Taxpayers who make less than $100,000 per year and who do not claim any dependents may be eligible to use the form. Single taxpayers and married taxpayers with no dependents can use it.

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Full Answer

Form 1040EZ is a one-page form that has just four short sections that require completion in order to file, according to TurboTax. Information required on the 1040EZ includes identifying information such as name, address and Social Security number, and a listing of income from wages, tips and interest.

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