Under the new tax laws, the IRS no longer offers the 1040EZ form. Instead, taxpayers are now required to use the redesigned Form 1040, which consolidates the previous 1040, 1040A, and 1040EZ forms ...

Another significant change is the correction to the tax rate tables in the 2024 Form 1040 instructions. On page 127, the tax for married individuals filing separately with a taxable income over ...

Taxpayers are now able to file amended returns electronically in more of the Form 1040 series, the IRS announced Thursday in a news release. The newly e-filable forms include Form 1040-NR, U.S.

The IRS has announced a one-time financial support of $1,700 for eligible families through the Child Tax Credit (CTC). This initiative aims to ease the tax burden for 2024 while promoting child ...

The 1040 form helps you calculate income, deductions, credits, tax refunds or tax owed to the IRS. You’ll need your Social Security number, wage statements and past tax return to fill out Form 1040.

The new Form 8888 will give taxpayers a choice of selecting one, two or three accounts such as checking, savings and retirement account. Taxpayers who want all their refund deposited directly into one ...

Nonetheless, Form 1040-X, (Amended U.S. Individual Income Tax Return) is used to correct a previously filed Form 1040-series return or to change amounts previously adjusted by the IRS.

Under the notice, the postponement applies to any individual who files a federal individual income tax return on Form 1040, 1040-SR, 1040-NR, 1040-PR, 1040-SS, or 1040 (SP) (the Form 1040 series) or ...

The Internal Revenue Service has issued a new form that will make it easier to order tax transcripts and help process mortgage modification applications. The new forms are being issued in conjunction ...