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Form 1040 is an IRS tax form used for personal federal income tax returns filed by U.S. residents. It calculates the taxable income, determines the tax liability or refund, and allows for various deductions and credits.
Form 1040 is the only form used for personal federal income tax returns filed with the IRS since 2018. It has two pages and 20 attachments, called "schedules", that may need to be filed depending on the taxpayer's situation.
The IRS is the federal revenue service of the United States, responsible for collecting taxes and administering the Internal Revenue Code. It is an agency of the Department of the Treasury and has a history dating back to the Civil War and the 16th Amendment.
In the 2022 tax year, many of those tax breaks expired. ... EITC CTC 2023 Filing Season. The enhanced CTC was not extended and returns to $2,000 per child dependent for the 2022 tax year, ...
The filing deadline to submit 2022 tax returns (or an extension to file and pay tax owed) is Tuesday, April 18, 2023. Taxpayers requesting an extension will have until Monday, Oct. 16, 2023, to file.
Learn about the standard deduction, a tax benefit for non-itemizers in the US, based on filing status and age. See the amounts, conditions, and examples of the standard deduction for different years.
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