Final answer:
True. The 1040EZ tax form is designed for individuals with straightforward financial situations and does not allow for itemized deductions or additional sources of income.
Step-by-step explanation:
Most young people do not qualify to use the simplest of the income tax forms, 1040EZ. True.
The 1040EZ tax form is designed for individuals with straightforward financial situations. To qualify, one must meet certain criteria such as having taxable income below a certain threshold and not claiming dependents. The form does not allow for itemized deductions or additional sources of income beyond wages, interest income, and unemployment compensation.