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Should I File 1040EZ?

Even though it might be easier for you to file Form 1040EZ, you should carefully review your situation before doing so, especially if your income is close to the Form 1040EZ maximum level of $50,000. You should check what deductions you may be able to claim if you itemize them. If you have deductions that can be itemized and you do not claim them, since you cannot claim itemized deduction on Form 1040EZ, you could be significantly overpaying your tax.


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