Both the Form W-2 and Form 1099 serve a similar purpose—to report income you earned from sources throughout the tax year—but each is issued under different circumstances and requires slightly different approaches for tax season planning. Here are some tips to decode these two forms and what...
While electronic filing did eliminate the cardinal use of paper go-betweens, the need for individual tax return forms did not disappear, but rather, it evolved. Although Forms 1040EZ and 1040A are relics of the past, the need for forms, such as the 1040 and 1040-SR, persists. Video of...
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Annual tax season is inevitable, and you must decide whether you want to take the do-it-yourself approach, hire someone to prepare your tax return for you, or do something in between. If you choose to file your taxes on your own, H&R Block, TurboTax, and Jackson Hewitt are among som...
As a general or limited partner, you’ll receive a K-1 form reporting your share of income and expenses. You’ll include this information on your personal income tax return via the Schedule E, which flows to Schedule 1 and ultimately to Line 8 on the Form 1040. ...
Examples of situations not included in a simple Form 1040 return: Itemized deductions claimed on Schedule A, like charitable contributions, medical expenses, mortgage interest and state and local tax deductions Unemployment income reported on a 1099-G...
Help and support TurboTax Live Community Support Contact us Where's my refund File an IRS tax extension Access your Turbotax account Community Tax law & stimulus updates Refer Your Friends Tax tools Tax calculators and tools TaxCaster tax calculator ...