Simplified Tax Code?

While the Tax Cuts and Jobs Acts declares was touted to simplify the tax code, this is not the case for all tax payers.

One of the interesting goals is to allow tax payers to submit their tax return on a post card. Imagine mailing your tax return like that, all personal information exposed for the world to see on a post card! Well, they did it! You might have noticed there is no 1040EZ form….everyone uses the 1040 which was made into a two page form that is a half page on the front and a half page on the back….so technically it is the size of a post card! However, there were six numbered (1-6) schedules created to summarize information that would have normally been included on the 1040. So that made everything a bit simpler….

Published by hfstax

Anthropologist, financial planner, investment adviser, Epicurean, musician, adventurer.