tax return form 1040

tackling income taxes

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how's it going?

what's in this lesson?

Yeah, more forms. But, when it comes to your tax returns, this is the main IRS tax form that most should care about. Almost everyone needs to fill out the 1040 tax form, so we’ll give you the deets on how to get started.

tax return form 1040

tackling income taxes

Share

Share on facebook
Share on twitter
Share on linkedin
Share on email

what's in this lesson?

Yeah, more forms. But, when it comes to your tax returns, this is the main IRS tax form that most should care about. Almost everyone needs to fill out the 1040 tax form, so we’ll give you the deets on how to get started.

tax return form 1040

tackling income taxes

Yeah, more forms. But, when it comes to your tax returns, this is the main IRS tax form that most should care about. Almost everyone needs to fill out the 1040 tax form, so we’ll give you the deets on how to get started.

overview

Getting started with tax return form 1040

Yeah, more forms. But this one is the most important! When it comes to filing your tax returns, this is the main form to be concerned with. Almost everyone needs to fill out the 1040, so we’ll give you the deets on how to get started.

 

  • Form 1040 is the main form most people will use to file taxes with the IRS. Form 1040 is where you report your income, credits, and expenses.
  • If you received tax forms from your employer, like a W-2 or 1099, you’ll include information from those forms in the 1040.
  • You’ll also fill out the 1040 with all sorts of personal information, from your name and address, to your social security number.
  • There’s a host of other information you’ll need to add into the form itself, and potentially into one of the schedules. Schedules are other forms that the IRS requires outside of the form 1040 for you to report other types of income and information depending on your financial situation.
  • Did you file and collect compensation for unemployment in 2020? You’re not alone! But, you’ll want to look to schedule 1.
  • Do you have an education credit? Schedule 3 is yours!
  • What about an IRA retirement account that you need to pay taxes on? Schedule 2 is all you.

 

Check out the links in the resources section for details on if you need schedules and which are right for you.

 

Source(s): IRS

How's it going?

resources

overview

Getting started with tax return form 1040

Yeah, more forms. But this one is the most important! When it comes to filing your tax returns, this is the main form to be concerned with. Almost everyone needs to fill out the 1040, so we’ll give you the deets on how to get started.

 

  • Form 1040 is the main form most people will use to file taxes with the IRS. Form 1040 is where you report your income, credits, and expenses.
  • If you received tax forms from your employer, like a W-2 or 1099, you’ll include information from those forms in the 1040.
  • You’ll also fill out the 1040 with all sorts of personal information, from your name and address, to your social security number.
  • There’s a host of other information you’ll need to add into the form itself, and potentially into one of the schedules. Schedules are other forms that the IRS requires outside of the form 1040 for you to report other types of income and information depending on your financial situation.
  • Did you file and collect compensation for unemployment in 2020? You’re not alone! But, you’ll want to look to schedule 1.
  • Do you have an education credit? Schedule 3 is yours!
  • What about an IRA retirement account that you need to pay taxes on? Schedule 2 is all you.

 

Check out the links in the resources section for details on if you need schedules and which are right for you.

 

Source(s): IRS

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