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Which Tax Form Should You File

Margarete Cotty

2024-04-18 11:56:27 • Filed to: Tax Refund Tips • Proven solutions

There is more than one way to file tax return to the IRS. You could either use the electronic method or you file on paper. Whatever the case, you need a tax form. The good thing with the e-file system is that it selects the right form for you. However, for pen and paper system, you need to figure the correct tax from yourself. While it may look confusing, there are some basic rule to choose tax form.

Tips: We provide a 2023 IRS Refund Schedule for you to file tax easily and fast.

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Part 1: Introduction to Tax Forms
Part 2: The Best Tax Form Filler

Introduction to Tax Forms

There are many tax forms but the one you use will depend on your situation. Therefore, if you file using the paper option, you must understand the basic rules in order to correctly choose your tax forms.

1. Form 1040 EZ

This is one of the most popular IRS tax forms. It is not a general tax form rather you can use it if they following conditions are met

In a situation where your filing status is known to be single or married but filing jointly
If your taxable income is not up to $100,000
You have an interest income which is less or equal to $1,500
If you do not have dependents or not claiming dependents

2. Form 1040 A

For some category of people, the 1040A tax form will be best for them. Note that the 1040A is similar with 1040 EZ in some areas but are different in some areas. Therefore, the category of people that should file tax return using 1040A include. (For Tax year 2018 and later, you will no longer use Form 1040-A, but instead use the Form 1040 or Form 1040-SR.)

Those whose taxable income is below $100,000
Those who claim tax credit
Those who have distribution of capital gain
Those who claim adjustment to income for student loan interest and IRA contribution

3. Form 1040

The IRS 1040 tax form is a lot more different when compared to 1040EZ and 1040A. It takes into account things like property sale and self-employment income. The basic rule to choose this tax form include

If you sell a property and you are reporting the income
If you are reporting income from self-employment
If you are claiming itemized deduction
If you have taxable income that is $100,000or even more

The Best Tax Form Filler

If you are doing e-filing, it means that you have to fill your tax form online. Note that your IRS tax forms are PDF documents and you need a PDF form filler to enable you fill it. For this reason, you need Wondershare PDFelement - PDF Editor which is one of the best tools for filling out PDF forms. It gives you the ability to edit and sign your tax forms. At the end, you can save the duly filled tax form to your local disk for printing or future reference.

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It is important to choose the right tax form in order to avoid mistakes when filing your tax return. Tax forms could be confusing no doubt but you need to know the basic rules and the situations in which each form is used. If you have to e-file your tax, ensure you use a good PDF form filler tool to avoid mistakes.

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