Key Takeaways - What Is a 1040 Tax Form and How Does It Work? The 1040 tax form is the form taxpayers use for filing federal taxes. It's also a form that plenty of people have trouble filling out or ...

Recently, the IRS announced a one-time payment of $1,700 for eligible families ... complete the necessary paperwork, ...

These two parts from Schedule 2 are reported on Line 17 and Line 23 on Form 1040. Schedule 3 is used to report additional tax credits and payments. These credits include dependent care expense ...

As 2025 tax deadlines approach, Lowcountry residents are getting their paperwork in order to file their personal and business ...

you aren't required to pay the 10% penalty on an early distribution if all or part of the distribution was rolled over from a qualified retirement plan. Details on how to report the rollover can be ...

Form 1040-ES. Self-employed individuals and freelancers who pay estimated quarterly taxes use this form. You’ll also be using this form to figure out and pay your estimated tax payments in 2025.