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So you don't have any investment accounts, retirement accounts, hobby/self-employment income and deductions, charitable giving? I've only met a couple of peopl
by jermaustin1 9y ago
So you don't have any investment accounts, retirement accounts, hobby/self-employment income and deductions, charitable giving?
I've only met a couple of people who can fill out ONLY a 1040/1040-EZ, and that was because they were still in college or younger.
- deleted 9y ago[deleted]
- chimeracoder 9y ago> I've only met a couple of people who can fill out ONLY a 1040/1040-EZ, and that was because they were still in college or younger. Nearly half of all people file their taxes with a 1040EZ or a 1040 (instead of a 1040A).
- humanrebar 9y agoTrue. You need to have charitable giving, etc., and make enough money that the standard deduction might not apply. It's generally a problem for people making enough money to buy their own home, etc.
- baddox 9y agoNo investment accounts that pay dividends, and in most years I haven't sold/liquidated any accounts. I did forget that I do submit a 1099-INT that my bank provides for the small amount of interest I earn in one savings account. No retirement accounts other than my 401k. I'm under the impression that there are no tax implications until I retire and start withdrawing (because my contributions are already deducted from my taxable income on my W-2 form). No hobby or self-employment income. No charitable giving or other deductions that I consider worth the trouble of filing.
- dominotw 9y agoturbotax imported investments from robinhood and etrade. Still took me 10 minutes to finish.