Simple vs complex tax returns: What's the difference?
(NewsNation) — As tax season approaches, millions of Americans qualify to file their taxes for free — but only if they have what's known as a "simple tax return."A simple tax return typically includes only basic income and deduction elements, according to tax preparation experts. The key components usually include:
W-2 wage income from an employerLimited interest and dividend incomeStandard deductionsBasic tax credits, such as the child tax creditUnemployment incomeEarned income tax
Read more »