Welcome to Form 1040a. This is lesson 2. Our objectives in this lesson are to understand the requirements for using a 1040a as compared to a 1040ez or even a 1040. We'll go ahead and fill out a sample 1040a so you can see some of the differences. When can I use a 1040a? Well, a 1040a has very similar requirements to the 1040ez. The biggest difference is if you have a dependent child with a child, you can use 1040a, which you cannot use 1040ez. You can also claim some additional tax credits by using the 1040a, which we'll look at today. I'm going to try a practice problem. We have a couple, Joe and Katrina Smith. They're married, they have one child, Jenna. Joe works as a tech at a hospital and Jenna works as a cashier at a local grocery store. They rent a townhome and they received $16 from an account that would be interest. However, they didn't receive a 1099 int, which is typical if you only receive a small amount of interest. We just need to make sure we keep track of that. One other important difference between a 1040a and a 1040, which we haven't looked at, is whether you rent or own a home or townhome. If you rent, you can use a 1040a. If you own a home or some other living property, then you'll need to fill out the 1040a because you may be able to itemize, and we will be talking about that in our next lesson. Here is W-2 from Joe Smith from St. Anthony's Hospital. We'll want to make sure that we pay special close attention to the federal income tax withheld number. We'll need to pull that off, same thing with his wife, Katrina. We'll need to make...
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1040a instructions Form: What You Should Know
This annual Form 1040 is filed with the IRS by Apr. 15 or Jun. 15 of each year depending on filing status. For information on how and with whom the Form 1040 and Form 1040A are filed, see How Do I File Form 1040 and Form 1040A? . Form 1040a — Tax Information Form 1040EZ (Business) Form 1040ES (Savings & Loans) The IRS provides a free, easy-to-assemble 1040. (PDF is required to print.) It's a great way to save lots of time and trouble. 2022 Tax Return Filing Deadline — Oct. 15, 2023 Effective tax rates 2023 The 2023 federal income tax brackets and tax rates are the same as in 2018. The only change for the 2023 tax year is that a joint return will owe 10,479 and a married filing jointly will owe 13,350 in taxes. For more info on individual and corporate income tax rates, see 2023 Tax Rate Tables, and Tax Topic 744, or 2018 Tax Brackets and Tax Rates — SmartAsset.com 2023 Tax Return Filing Deadline — Nov. 15, 2023 For 2023 and 2018, the filing deadline is Nov. 15. For information on how to file Form 1040X and other forms at the deadline, see Form 1040X, Application for Taxpayer Identification Number for Personal Exemptions and Federal Tax Benefits, 1040 Form 1040 (PR) Form 1040 (PR) is a completed Form 1040 and should be filed with Form 1040A for any American citizen or resident nonresident who is required to file Form 1040 (PR), Federal Self-Employment Tax Return, and is due Forms W-2 or 1099 on Form 1096. For example, a single individual filing a Form 1040 (PR) with Form SSS is required to file a second Form 1040 (PR). A married filing a joint Form 1040R will be required to file a Form 1040P with Form W-2. On the Form 1040, the filer's Social Security number, or an SSS number with which you will file the Form 1040, must appear on line 1 of Schedule A. On the Form 1040, the filer must report the tax due. On the Form 1040, the filer must claim a credit based on the nonrefundable tax.
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