My question is if there is any income cap for using simple returns. Any caps on 1099-INT or 109-DIV etc?
I see free file is for simple returns and a simple return is defined as follows --
*A simple tax return is Form 1040 only OR Form 1040 + Unemployment Income. Situations covered in TurboTax Free Edition include:
- W-2 income
- Limited interest and dividend income reported on a 1099-INT or 1099-DIV
- Claiming the standard deduction
- Earned Income Tax Credit (EIC)
- Child tax credits
- Unemployment income reported on a 1099-G
Thank you
