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  #1  
Old 07-28-2013, 10:03 AM
Kevin Kevin is offline
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Most of those folks aren't itemizing deductions.
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Old 07-28-2013, 10:05 AM
MaryPoppins MaryPoppins is offline
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Quote:
Originally Posted by Kevin View Post
Most of those folks aren't itemizing deductions.
Moreover they cannot itemize as they don't make enough money to use a 1040, they have to use the 1040EZ.
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Old 07-28-2013, 10:16 AM
sigmadiva sigmadiva is offline
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So sad - they really are loosing hard earned money.
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Old 07-29-2013, 08:48 AM
summer_gphib summer_gphib is offline
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Originally Posted by MaryPoppins View Post
Moreover they cannot itemize as they don't make enough money to use a 1040, they have to use the 1040EZ.
That's not true. You can ALWAYS file a 1040, but the 1040EZ is simpler. There is no minimum wage you must make to itemize or use a 1040. Most of them don't itemize however because they don't have enough expenses to make it beneficial. The amount of un-reimbursed business expenses must be over 2% of the total income before it even begins to count towards itemization. :-/
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