What is difference in form 1040 and 1040EZ?

Form 1040 is the standard individual income tax return used by taxpayers to report their income, claim deductions, and calculate tax liability. Form 1040EZ, on the other hand, is a simplified version designed for single or married filers without dependents, who have a taxable income below a certain threshold and do not claim any credits or deductions other than the standard deduction. The key differences lie in eligibility criteria, complexity, and the types of income and deductions that can be reported. As of the 2018 tax year, Form 1040EZ was eliminated and replaced by a streamlined Form 1040, which allows for various schedules to accommodate different situations.