Monday, August 8, 2011

Your Questions About 1040ez

Donna asks…What is the percentage of income of the built in deduction for the 1040EZ?I'm trying to figure out if I should file a 1040EZ, or if I have enough deductions to itemize. I know there is a built in deduction for the 1040EZ, does anybody know if it's a set percentage of income, or exactly what determines the set deduction amount?
Just to clarify, I know I could do either, but I'm just

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