There are several notable changes to the form proposed for the tax year 2020 - the tax return that you'll file in 2021.

The IRS announced Thursday that taxpayers will be able to electronically file Forms 1040-X, Amended U.S. Individual Income Tax Return, “later this summer” (IR-2020-107). According to the IRS, making ...

A new tax form could make filing returns easier on the eyes of older people. The two-page form, known as 1040-SR, uses a bigger font than the standard 1040 form, has more spacing and is better at ...

Tax Season 2021 has begun. When you dig into your tax return for reporting 2020 income, you’ll notice that Form 1040 has changed yet again. In 2018, the IRS condensed Form 1040 significantly ...

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 ...

The IRS has released the 2020 draft form, and it includes the question about whether a taxpayer invested in cryptocurrency or not near the top of the first page. This question first appeared for the ...

For the 1040 form you'll complete this year, married couples filing a joint return can claim a $25,100 standard deduction. That's a $300 increase over the 2020 tax year amount.

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 1040A short forms, requiring everyone to use ...