![]() The IRS may require you to fill out additional forms, often referred to as "Schedules," depending on your particular financial circumstances. If you use income tax software, such as TurboTax, it will include and complete the necessary tax forms based on your input. TurboTax Tip: You can download your tax forms from the IRS website. Regardless of the form, you are required to report all of your income and any deductions you want to claim on one of them. The only deductions you could claim on a Form 1040A were the student loan interest deduction and income adjustment for IRA contributions itemizing deductions is not permitted on this form. However, if your income was less than $100,000, you took the standard deduction and you didn't have any dependents, you may have been eligible to use the simpler Form 1040EZ prior to 2018.Īlternatively, you could choose to prepare a Form 1040A prior to the 2018 tax year, which was also shorter than the Form 1040, but long than the 1040EZ. Anyone could elect to use the more complicated Form 1040 for any year. Most taxpayers used Forms 1040, 1040A or 1040EZ to report their taxable income to the IRS each year prior to 2018. IRS income tax forms for the 2017 tax year and earlier The font size on the 1040-SR is larger and might be easier to read by older taxpayers than the print on the standard Form 1040. Form 1040-SR provides an optional alternative to Form 1040 for taxpayers that who are age 65 or older and uses the same schedules and instructions as Form 1040. Form 1040 can be used by most all taxpayers regardless of their tax filing status or income level. IRS income tax forms for the 2018 tax year and laterīeginning in 2018, there are only two main forms that most taxpayers are able to use: Form 10-SR. Each state and city also creates their own tax forms, but oftentimes they are modeled after the federal ones. ![]() Generally, the more complex your finances are the more tax forms you may need to fill out. Income tax forms are the official government documents you're required to fill out when you pay your taxes. Independent contractors generally receive a Form 1099 from their clients, which also reports annual earnings, but does not usually include any tax withholding.If you work as an employee, you may receive a W-2, which reports the amount of income you made and how much the employer withheld from your paycheck for taxes.The IRS may require you to fill out additional forms, including a Schedule C to report your business earnings and deductions, a Schedule E to report profit or loss from rental properties, royalties or pass-through entities, or a Schedule D to report capital gains or losses from the sale of capital assets.Taxpayers aged 65 or older can use Form 1040-SR, which older taxpayers may find easier to read. Most taxpayers use Form 1040 to report their taxable income to the IRS.As a result, it's a good idea to print a paper copy of your returns and keep them in a safe place in your home - or at least download your forms to your own computer. While it's unlikely that major tax-filing programs will just shut down without giving you time to obtain your records, you still don't want to be 100% dependent on them to fulfill your obligations to the IRS. However, you can't always count on being able to access those forms when you need them. If you use online tax software to file your tax returns, the software will generally keep copies of your returns for you from year to year. So until that time has passed, you need your forms, receipts, and statements. ![]() ![]() In most cases, you can amend your return - or the IRS could try to collect more tax - within three years. The reason for these timelines is simple: The IRS wants you to keep all your documents until the statute of limitations for actions on the tax returns runs out.
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