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As of the 2018 tax year, Form 1040, U.S. Individual Income Tax Return, is the only form used for personal (individual) federal income tax returns filed with the IRS. In prior years, it had been one of three forms (1040 [the "Long Form"], 1040A [the "Short Form"] and 1040EZ - see below for explanations of each) used for such returns.
Form 1040, officially, the U.S. Individual Income Tax Return, is an IRS tax form used for personal federal income tax returns filed by United States residents. The form calculates the total taxable income of the taxpayer and determines how much is to be paid to or refunded by the government.
For tax-filing season 2023, seven tax software companies are participating in the Free File Program. For tax-filing season 2024, the IRS announced a pilot of Direct File, where people can calculate and submit their federal taxes and some state taxes in partnership with select state tax agencies for free.
This is regardless of whether or not the IRS grants you a filing extension. Additionally, April 18 is the deadline for filing estimated quarterly taxes for the first quarter of 2023.
For taxpayers this year filing their 2022 tax returns, any charitable contributions must be itemized using the Schedule A form to get a deduction.
The IRS announced it will officially begin accepting 2023 tax returns on Monday, Jan. 29. But although official processing won't begin until that date, the agency said, filers shouldn't wait to ...
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