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Can i file 1040ez even if i own my home and paid property taxes?

 
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DanielV01
Expert Alumni

Can i file 1040ez even if i own my home and paid property taxes?

Yesin a manner of speaking.  Truth be told, there is no longer a Form 1040EZ or Form 1040A.  The Form 1040 itself has been simplified (the "postcard" return).  Instead of 3 different base forms, the tax return now has up to 6 different new schedules that can be attached (which represent sections of the former Form 1040), which can be filled out as needed to report items that end up in these sections of the tax return.  

If your return is simple this year (that would have qualified for Form 1040EZ), you will only need the base Form 1040 this year.  If you don't have enough to itemize (and with the increased standard deduction, it's likely that you won't have enough), you might not need any of the other 6 new schedules for the return.

But one caveat.  If you itemized last year, claimed state income taxes paid as a deduction, and received a state tax refund, that refund is taxable and is reported on the new Schedule 1, which would make the return no longer an "EZ" return.  

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3 Replies
DanielV01
Expert Alumni

Can i file 1040ez even if i own my home and paid property taxes?

Is this about last year's return?
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Can i file 1040ez even if i own my home and paid property taxes?

2018 - hoping to file just the ez since i only paid $240 in property tax
DanielV01
Expert Alumni

Can i file 1040ez even if i own my home and paid property taxes?

Yesin a manner of speaking.  Truth be told, there is no longer a Form 1040EZ or Form 1040A.  The Form 1040 itself has been simplified (the "postcard" return).  Instead of 3 different base forms, the tax return now has up to 6 different new schedules that can be attached (which represent sections of the former Form 1040), which can be filled out as needed to report items that end up in these sections of the tax return.  

If your return is simple this year (that would have qualified for Form 1040EZ), you will only need the base Form 1040 this year.  If you don't have enough to itemize (and with the increased standard deduction, it's likely that you won't have enough), you might not need any of the other 6 new schedules for the return.

But one caveat.  If you itemized last year, claimed state income taxes paid as a deduction, and received a state tax refund, that refund is taxable and is reported on the new Schedule 1, which would make the return no longer an "EZ" return.  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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