IRS 1040 Personal Taxes

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IRS 1040 Tax Return

  • Form IRS 1040
  • Schedules A, B, C, CEZ, D, E, F, H, J, R,  SE
  • Form 8812 Child Tax Credit

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 Schedule A (Form IRS 1040A or IRS 1040), Itemized Deductions

Schedule A (Form 1040) is used by filers to report itemized deductions. Use Schedule A (Form 1040) to figure your itemized deductions. In most cases, your federal income tax will be less if you take the larger of your itemized deductions or your standard deduction.

Schedule B (Form IRS 1040A or IRS 1040), Interest and Ordinary Dividends

Form IRS 1040 Schedule B is used by filers to report interest and ordinary dividend income. Information about Schedule B (Form IRS 1040A or IRS 1040), Interest and Ordinary Dividends, including recent updates, related forms and instructions on how to file. Use Schedule B to report your taxable interest or ordinary dividends.

Schedule C Form IRS 1040, Profit or Loss From Business

Schedule C (Form IRS 1040) is used to report income or loss from a business operated or a profession practiced as a sole proprietor. Also, use Schedule C to report wages and expenses that occurred as a statutory employee. Publication 525 discusses many kinds of income (money, property, or services) and explains whether they are taxable or nontaxable. Use this schedule to report income or loss from a business you operated or a profession you practiced as a sole proprietor.

Schedule C EZ (Form IRS 1040), Net Profit From Business

Schedule C-EZ (Form IRS 1040) is used instead of Schedule C by qualifying small businesses and statutory employees with expenses of $5,000 or less. You can use this schedule if you operated a business or practiced a profession as a sole proprietorship or qualified joint venture, or you were a statutory employee and you have met all the requirements listed in Schedule C-EZ, Part I.

Schedule D (Form IRS 1040), Capital Gains and Losses

Form IRS 1040 Schedule D is used to report sales, exchanges or certain involuntary conversions of capital assets, certain capital gain distributions, and non business bad debts. The form includes the tax computation using maximum capital gain rates. Use this schedule to report the sale or exchange of capital assets, gains from involuntary conversions of capital assets, capital gain distributions and non business bad debts.

Schedule E Form IRS 1040

Information about Schedule E (Form IRS 1040), Supplemental Income and Loss, including recent updates, related forms and instructions on how to file. Schedule E (Form IRS 1040) is used by filers to report income from rental real estate, royalties, partnerships, S corporations, estates, trusts, and residual interests in real estate mortgage investment conduits (REMICs).

Schedule EIC (Form IRS 1040A or IRS 1040), Earned Income Credit

Schedule EIC (Form IRS 1040) is used by filers who claim the earned income credit to give the IRS information about the qualifying child. After you have figured your earned income credit (EIC), use this schedule to give the IRS information about your qualifying child.

Schedule 8812 (Form IRS 1040) is used by taxpayers to calculate and report both the Child Tax Credit and the Additional Child Tax Credit. Use Part I of this schedule to document that any child for whom you entered an ITIN and for whom you also checked the “if qualifying child for child tax credit” box, is a resident of the United States because the child meets the substantial presence test and is not otherwise treated as a nonresident alien. Use Parts II–IV of Schedule 8812 to figure the additional child tax credit.

Schedule F (Form IRS 1040), Profit or Loss From Farming

Information about Schedule F (Form IRS 1040), Profit or Loss from Farming, including recent updates, related forms and instructions on how to file. Use this schedule to report farm income and expenses.

Schedule H Form IRS 1040

Schedule H (Form IRS 1040) is used by household employers to report household employment taxes. Schedule A (Form 940) is used by every employer who had 4 or more employees on at least one day of each of 20 calendar weeks in a calendar year to file a return on Form 940 for such year. Use this schedule to report household employment taxes if you paid cash wages to a household employee and the wages were subject to social security, Medicare, or FUTA taxes, or if you withheld federal income tax.

Schedule J Form IRS 1040

Information about Schedule J (Form IRS 1040), Income Averaging for Farmers and Fishermen, including recent updates, related forms and instructions on how to file. Use this schedule to elect to figure your income tax by averaging, over the previous 3 years (base years), all or part of your taxable income from your trade or business of farming or fishing.

Schedule R (Form IRS 1040A or IRS 1040), Credit for the Elderly or the Disabled

Information about Schedule R (Form IRS 1040), Credit for the Elderly or the Disabled, including recent updates, related forms and instructions on how to file. Use this schedule to figure the credit for the elderly or the disabled.

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