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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 is the document U.S. taxpayers use to file their tax returns each year. This form is available electronically and as a paper copy. It has the following sections:
The IRS Free File Program is a service that allows U.S. taxpayers to prepare and e-file their federal income tax returns for free. Through the program, commercial tax software companies that are part of the Free File Alliance offer free tax preparation software to tax filers with annual adjusted gross income (AGI) below $84,000 for Tax Year 2024.
The Internal Revenue Service (IRS) ... For FY 2023, the IRS collected approximately $4.7 trillion, ... the first edition of the 1040 form was introduced.
This article originally appeared on GOBankingRates.com: Get a Jump on Your Taxes With These Tips From the IRS for 2023. Show comments. Advertisement. Advertisement. In Other News. Entertainment.
The due date is approaching and it is once again time to file your tax returns. Filing taxes for 2024 can feel overwhelming, but with the right guidance, you can determine how to navigate through ...
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