What is a simple tax situation?
To qualify for our Simply Free tax filing option, your return must meet the definition of a simple tax situation. Here’s what that means in detail:
- Your filing status is single or married filing jointly
- You don’t have dependents
- You (and your spouse) have a valid SSN or ITIN
- You’re under age 65 (and so is your spouse)
- You (and your spouse) are not blind
- You claim the standard deduction rather than itemizing deductions
- You have $100,000 or less in taxable income from wages, salaries, tips, taxable interest of $1,500 or less, and/or unemployment compensation
What other credits or deductions can I claim with Simply Free?
If you meet the requirements to file Simple 30 Minute Tax, you can still claim:
- American Opportunity Tax Credit (AOTC)
- Lifetime Learning Credit (LLC)
- Student Loan Interest Deduction
Anything else requires an upgrade.
Less than a majority of U.S. taxpayers have a simple tax situation that qualifies for Simple 30 Minute Tax. Here are some examples of credits, deductions, or income that don’t qualify for Simple 30 Minute Tax:
- Earned Income Tax Credit (EITC)
- Child Tax Credit
- Mortgage Interest Deduction
- Social Security benefits
- Self-employment income
- Rental income
- Stock sales
- Income earned as a minister or member of a religious order (clergy)
- Income from business conducted in the U.S. Virgin Islands
- Gambling winnings
- Unearned taxable income for a child under age 18
- Foreign earned income
- Distributions from a pension, annuity, or IRA
