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Bottom line- You don't have to use 1040 unless your taxable income is greater than $50,000. Both 1040EZ and 1040A (and Telefile) require a taxable income of no more than $50,000.

This is wrong. There are many other reasons why you might have to use Form 1040 with taxable income less than $50K. Capital gain or loss is the most obvious one. I agree with Phil Marti that you should always use Form 1040. It solves the problem of worrying whether you qualify for one form or the other and it alerts you to all of the possibilities for reducing your tax liability. You can just leave blank any line which doesn't apply to you.

Ira
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