Before you file a 1040 tax form, find out if any of the new tax laws will make a difference for you personally. The first thing I would do is make a list. I have my “to do” list with me at all times and preparing certainly requires a “to do” list.
Tips for Preparing to File a Schedule 1040 Tax Return
Gather all of the necessary documents and have them right at your disposal. You will need your W2 tax forms from your employer, 1099 forms, receipts, tax deduction receipts, and all of the other documentation-type papers to file your tax return.
Electronic Tax Filing For Schedule 1040 Tax Form
Don’t be afraid to e-file. If you e-file, the math calculations will be checked for you. Mathematical errors make the top ten lists of tax mistakes. Of course direct deposit will get you your refund in about half the time a paper return would take. Did you know two out of three taxpayers use e-file now?
Speaking of e-file reminds me of free file. If you make $57,000 or less, you may be
able to file your 1040 for free and have the tax preparation done for free.
Schedule 1040 Tax Form
IRS tax forms are used for taxpayers and tax-exempt organizations to report financial information to the Internal Revenue Service (IRS) of the United States. They are used to report income, calculate taxes to be paid to the federal government of the United States, and disclose other information as required by the Internal Revenue Code (IRC). Find printable 1040 tax forms here
TurboTax Can Help You at Tax Time
Keep mind if you use TurboTax to prepare your taxes, you will be asked simple questions about your situation and recommended the filing status, credits, and deductions that will result in you getting the biggest refund ever. If you would like to have an estimate of how much money you will receive in your tax refund feel free to use the free tax refund calculator provided by Turbo Tax.