Simple Return Defined

Simple tax returns are filed using only IRS Form 1040, with no other forms or schedules attached. Only certain taxpayers are eligible.
Covered tax situations (no added tax considerations):

• W-2 income
• Limited interest and dividend income reported on a 1099-INT or 1099-DIV
• IRS standard deduction
• Earned Income Tax Credit (EIC)
• Child tax credits
• Student loan interest deduction

Situations not covered:

• Itemized deductions
• Unemployment income reported on a 1099-G
• Business or 1099-NEC income (This includes self-employed)
• Stock sales
• Rental property income
• Credits, deductions and income reported on other forms or schedules (for example, income related to crypto investments)