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Simple vs complex tax returns: What’s the difference?

Summary by NewsNation

(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 employer Limited interest and dividend income Standard deductions Basic tax credits, such as the child tax…

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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 employer Limited interest and dividend income Standard deductions Basic tax credits, such as the child tax…

11 hours ago·Chicago, United States

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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 employer Limited interest and dividend income Standard deductions Basic tax credits, such as the child tax…

12 hours ago·Nashville, United States

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WATE broke the news in Nashville, United States 12 hours ago on Saturday, February 22, 2025.

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