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Atlanta Daily World
Atlanta, Fulton County, Georgia
What is this article about?
U.S. government announces tax form simplifications: new two-page form for basic filers, retaining four-page for complex incomes; short form unchanged for low earners; language updates like 'total' replacing 'adjusted gross income.'
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the two-page form also will shift to the new form
Still stuck with the four-page long form are taxpayers who must list income from dividends, interest, pensions and annuities, rents and royalties, depreciation and retirement credits
In effect, the government has lopped off pages 3 and 4 from the old form which provided space for reporting all income other than wages, salaries and capital gains
Persons without this kind of income had been allowed to leave them off
Unchanged is the short form used by about 50 million taxpayers. This return, slightly larger than a bank check, still is used by people with less than $5,000 of income including no more than $200 in dividends, interest and wages on which taxes were not withheld
Some of the language also is being simplified on the new forms
For example, the word "total" will be used instead of "adjusted gross income."
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Domestic News Details
Outcome
the government has simplified tax forms by introducing a new two-page form, lopping off pages 3 and 4 from the old form for reporting non-wage income; unchanged short form for low-income taxpayers; some language simplified.
Event Details
The government reveals changes to tax forms, shifting to a new two-page form for certain taxpayers. Taxpayers with income from dividends, interest, pensions, annuities, rents, royalties, depreciation, and retirement credits still use the four-page long form. Persons without this income can use the shorter form. The short form for about 50 million taxpayers with less than $5,000 income, including no more than $200 in dividends, interest, and wages without withholding, remains unchanged. Language on forms is being simplified, e.g., using 'total' instead of 'adjusted gross income.'