A taxpayer whose income consists of wages plus interest income under $400, is single with no dependents, and plans to claim the deduction for interest paid on his home mortgage may file
A)Form 1040 only.
B)Form 1040 or Form 1040A only.
C)Form 1040A or Form 1040EZ only.
D)Form 1040, Form 1040A, or Form 1040EZ.

Question

Quizplus · Accepted Answer

Form 1040 is required for taxpayers who plan to claim itemized deductions, such as the deduction for home mortgage interest. Forms 1040A and 1040EZ do not allow for itemized deductions.

A Taxpayer Whose Income Consists of Wages Plus Interest Income