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Learn About The IRS 1040a Tax Form |
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The 1040A is the standardard IRS tax form just a step up from the simplicity of the 1040EZ. This particular 1040 tax form is a little more complicated but what you will need to use if you have a house, dependents, or student loan among others. To use the 1040A, you have to make under $100,000 a year. How you make money will also determine if the 1040A is the right form for you. Your income can only be derived of wages, salaries, and tips. You are not allowed to itemize deductions when you use the 1040A either. There are only certain adjustments you are allowed to use as deductions and these are: an IRA deduction, student loan interest, educator expenses, and tuition and fees. If you are still not sure which 1040 tax filing forms are right for you, just start a free tax return using TurboTax and they will automatically help identify and fill out the correct form for you. |
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