The Tax Resources Blog

Archive for February, 1998

Federal Tax Forms 2008 Ez

Question: Should I file IRS 1040 OR 1040A/EZ?

I am a college student, and I am going to file my Tax Return for 2008. I just want to know which tax form applies to my income. I made 5000-5500 dollars during 2008,and I received some financial aid from the federal and state government.
Would my accountant file 1040 or 1040A/EZ for me in the near future?
Thank you!

Answer: Your data is incomplete; did you release your dependency to a parent if you are under age 24 and a student? Financial aid is not taxable. You can still file as single without your dependency and make up to 5,450 and own no federal income tax. The person taking your dependency can take the education credits on their Tax Return. Question, answers spawning more questions, the cycle of life?