Lines 1-7: Income The first seven lines of the back page of the 1040 form are devoted to counting your income. Wages go on line 1, while interest and dividends go on lines 2 and 3 respectively.

A new tax form targets a specific audience. One of the biggest changes that taxpayers faced last year as a result of tax reform was a new 1040 tax form. The IRS eliminated the popular 1040-EZ and ...

SAN FRANCISCO (MarketWatch) -- At first glance, Form 1040 looks relatively benign, right? After all, it's just one double-sided piece of paper.

Additionally, there's a correction to line 21 of Schedule 2 for the 2024 Form 1040. The line now reads: 'Sum lines 4, 7 to 16, 18, and 19. This is your total other taxes.

The Internal Revenue Service (IRS) has released a draft of Form 1040, U.S. Individual Income Tax Return. There are several notable changes to the form proposed for the tax year 2020 - the tax ...

The new Form 1040 that all tax filers will file this year is a one-page document with just 23 lines. It replaces the old 1040 as well as the Form 1040A and Form 1040EZ, and for most tax filers ...

From tax professionals to do-it-yourself software, all eyes will be on Line 30 of IRS Form 1040.

Form 1040 contains about 80 lines. But in the end, it all comes down to two numbers: what you owe the government, or what the government owes you. Everything that is entered on this form must be ...

Form 1040EZ was the shortest version of form 1040. It was designed for taxpayers with basic tax situations. It is no longer used.

Enter “T” (as in “tuition”) on Line 35 of Form 1040. Don’t be thrown by the fact that the line is for the “domestic production activities deduction.” ...

The new form eliminates more than half of the 78 line items from the previous form, reducing it from two full pages of text to one double-sided half page.