1040 Form News:
Change of shape 1040
Form 1040 has received changes this year, so be careful when filling out Form 1040.
Form submission deadlines
We would like to draw your attention to the fact that this year the deadline for submitting the 1040 form was shifted by a month.
1040 Instructions 2020 & Facts
If you want to fill out the 1040 Form correctly, you should first get the 2020 1040 tax form version. Fortunately, we’ve already taken the latest edition from the IRS library. Now you can fill the federal Form 1040 right on 1040formgov.com, then print or send it via e-mail. We recommend you fill only the latest forms as they may differ from the last years’ editions. For example, the 1040 Form 2020 includes a line related to virtual currencies, while the 2020 edition doesn’t have it.
This form requires you to enter quite a lot of data, including:
- Personal information – name, address, spouse (if the return is joint);
- SSN (Social Security Number);
- Standard deduction;
- Dependents (if any/ up to 4);
- Refund – if you need it;
- Debt – if you owe any amount;
- Income sources – interests, dividends, IRAs, pensions, benefits, deductions, etc.
When the work is done, you have to send the US federal tax Form 1040 to the IRS by April 18. You should also learn the difference between schedules for 1040. Each of them is supplied with detailed instructions by the IRS. You can also order remote assistance by 1040formgov.com experts.
- Schedule A – Itemized deductions;
- Schedule B – Ordinary and Interest Dividends;
- Schedule C – Profit or loss from business;
- Schedule D – Capital gains and losses;
- Schedule E – Supplemental income and loss;
- EIC – Earned income credit;
- F – Profit or loss from farming;
- H – Household employment taxes;
- J – Income averaging for farmers and fishermen;
- R – Credit for the elderly or disabled;
- SE – Self-employed tax;
- 8812 – Additional child tax credit;
- Schedule 1 – Additional Income and Adjustments to Income;
- More (depending on the year).
Extra schedules may appear the next year, so add our website to the bookmarks to know about the changes as soon as the IRS publishes them.
Who Needs 1040 Tax Form?
The IRS Form 1040 must be filed by all residents and citizens of the United States. As an Individual Income Tax Return, it’s a standard tax form, but we provide all the versions of 1040 tax return forms with descriptions so that you can choose the one that matches your particular situation.
