Tag: federal tax return

Deductions vs. Exemptions: How Are They Different? How Do They Help You?

Deductions vs. Exemptions: How Are They Different? How Do They Help You?

| December 20, 2012

Both deductions and exemptions reduce the amount of income that is subject to taxes. Should you take a standard deduction or itemize?

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Do You Qualify to Use Form 1040EZ? Here’s How to Tell

Do You Qualify to Use Form 1040EZ? Here’s How to Tell

| December 20, 2012

Many taxpayers will qualify to fill out the simplest 2012 federal tax form: Form 1040EZ. Using Form 1040EZ can save you a lot of time and hassle.

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