IRS 1040 2020 free printable template

For Disclosure Privacy Act and Paperwork Reduction Act Notice see separate instructions. Cat. No. 11320B Form 1040 2017 Page 2 Amount from line 37 adjusted gross income Tax and Credits 39a Check if Standard Deduction for People who check any box on line 39a or 39b or who can be claimed as a see All others separately jointly or Qualifying widow er 12 700 Head of household Other Taxes 60a Unreported social security and Medicare tax from Form a First-time homebuyer credit repayment. Form...Department of the Treasury Internal Revenue Service U*S* Individual Income Tax Return OMB No* 1545-0074 2017 ending IRS Use Only Do not write or staple in this space. See separate instructions. For the year Jan* 1 Dec* 31 2017 or other tax year beginning Your first name and initial Last name Your social security number If a joint return spouse s first name and initial Spouse s social security number Apt. no. Home address number and street. If you have a P. O. box see instructions. City town or...post office state and ZIP code. If you have a foreign address also complete spaces below see instructions. Foreign country name Filing Status Check only one box. Exemptions Presidential Election Campaign Check here if you or your spouse if filing jointly want 3 to go to this fund. Checking Foreign postal code a box below will not change your tax or refund. You Spouse Foreign province/state/county Single Married filing jointly even if only one had income c Head of household with qualifying...person. See instructions. If the qualifying person is a child but not your dependent enter this child s name here. and full name here. 6a b Qualifying widow er see instructions Yourself* If someone can claim you as a dependent do not check box 6a. Dependents 1 First name social security number 4 if child under age 17 qualifying for child tax credit see instructions relationship to you not entered above d Total number of exemptions claimed 8a 9a Qualified dividends. 9b Taxable refunds credits or...offsets of state and local income taxes Alimony received. Business income or loss. Attach Schedule C or C-EZ. Capital gain or loss. Attach Schedule D if required* If not required check here Other gains or losses. Attach Form 4797. 15a 16a IRA distributions. b Taxable amount. Pensions and annuities 16a Rental real estate royalties partnerships S corporations trusts etc* Attach Schedule E 15b 16b Farm income or loss. Attach Schedule F. Unemployment compensation. 20b Other income. List type and...amount Combine the amounts in the far right column for lines 7 through 21. This is your total income Educator expenses Certain business expenses of reservists performing artists and fee-basis government officials. Attach Form 2106 or 2106-EZ Health savings account deduction* Attach Form 8889 Moving expenses. Attach Form 3903. Deductible part of self-employment tax. Attach Schedule SE. Self-employed SEP SIMPLE and qualified plans. 31a Penalty on early withdrawal of savings. Alimony paid b...Recipient s SSN IRA deduction. Student loan interest deduction.

Instructions and Help about IRS 1040

How to edit IRS 1040

How to fill out IRS 1040

Instructions and Help about IRS 1040

How to edit IRS 1040

To edit the IRS 1040 form, first download the form from the IRS website or obtain a physical copy. Use a PDF editor like pdfFiller to make necessary changes directly on the document. Ensure all changes are accurate and complete before proceeding to file.

How to fill out IRS 1040

Filling out the IRS 1040 requires gathering necessary personal and financial information. Follow these steps:

1. Collect your W-2 forms from employers and any 1099 forms relevant to income.
2. Complete personal information at the top of the form, including filing status and dependents.
3. Report income in the designated sections, summing all sources of income accurately.
4. Deduct eligible expenses in the adjustments section for accurate taxable income.
5. Calculate taxes owed using the provided tax tables, and determine if you are entitled to a refund.

After completing the form, review for any errors. It’s important to verify that all calculations are accurate to avoid issues with the IRS.

About IRS previous version

What is IRS 1040?

What is the purpose of this form?

Who needs the form?

When am I exempt from filling out this form?

Components of the form

What are the penalties for not issuing the form?

What information do you need when you file the form?

Is the form accompanied by other forms?

Where do I send the form?

About IRS previous version

What is IRS 1040?

The IRS 1040 form is the standard individual income tax return form used by U.S. citizens and residents to report their annual income and calculate their tax obligations. It serves as the foundation for filing federal income taxes and is used to determine tax liabilities.

What is the purpose of this form?

The primary purpose of the IRS 1040 is to collect information necessary for the IRS to assess an individual’s tax obligations based on their income and deductions. The form allows taxpayers to report various income types, claim deductions, and calculate potential refunds or taxes owed.

Who needs the form?

Any U.S. citizen or resident who earns income above a certain threshold is required to file an IRS 1040 form. This includes individuals with wages, self-employment income, rental income, or any other form of taxable income.

When am I exempt from filling out this form?

Taxpayers may be exempt from filing an IRS 1040 if their income falls below the minimum threshold set by the IRS, typically based on filing status and age. Additionally, individuals with specific circumstances, such as qualifying for certain benefits, may not need to file.

Components of the form

The IRS 1040 consists of several key sections, including personal information, income reporting, deductions, and tax calculation. Important components include schedules for reporting additional income sources, credits, and itemized deductions. Taxpayers may need to attach supplementary forms based on their financial situation.

What are the penalties for not issuing the form?

Failure to file an IRS 1040 can result in penalties, including financial fines that increase over time. The IRS may also charge interest on any unpaid taxes. In some cases, not filing can lead to legal repercussions, including collection actions or liens against property.

What information do you need when you file the form?

When preparing to file the IRS 1040, gather essential information, including:

1. Social Security Numbers for yourself and dependents.
2. Income statements such as W-2s and 1099s.
3. Records of deductible expenses, such as mortgage interest and medical expenses.
4. Any previous year's tax return for reference.

Having this information ready will streamline the filing process and help ensure accuracy.

Is the form accompanied by other forms?

The IRS 1040 may require additional forms or schedules based on individual financial circumstances. For example, taxpayers who itemize deductions will need to attach Schedule A, while self-employed individuals must include Schedule C. Review instructions carefully to determine necessary attachments.

Where do I send the form?

The destination for submitting the IRS 1040 form varies based on your state of residence and whether you are enclosing a payment. Typically, the form can be mailed to the address specified in the IRS instructions for the particular tax year or electronically submitted using approved e-filing methods. Ensure that you check for the most current mailing address on the IRS website.

FAQ about IRS 1040

What should I do if I realize I've made a mistake on my IRS 1040 after filing?

If you discover an error on your IRS 1040, the first step is to file an amended return using Form 1040-X. This form allows you to make corrections to your original filing. Ensure that you include any necessary documentation that supports the changes and follow the IRS guidelines for submission.

How can I track the status of my IRS 1040 after submission?

To check the status of your submitted IRS 1040, use the IRS 'Where's My Refund?' tool online. You'll need your Social Security number, filing status, and the exact amount of your refund. This tool will provide updates on whether your return has been received and is being processed.

What are some common errors taxpayers make when filing the IRS 1040?

Common mistakes include incorrect Social Security numbers, math errors, and failing to sign the form. To avoid these issues, double-check your information and calculations before submission, and consider using software that highlights common errors for the IRS 1040.

What are my options if my e-filed IRS 1040 gets rejected?

If your e-filed IRS 1040 is rejected, review the rejection code provided by the IRS. Each code indicates a specific issue that needs resolution. After correcting the error, you can resubmit your return electronically or file a paper version if necessary.

How long should I keep records related to my IRS 1040?

It's recommended to retain records related to your IRS 1040 for at least three years from the date of filing, as this is the typical period the IRS can audit your return. However, if you claim a loss from a worthless security or underreport income, you may need to keep records longer.