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As of the 2018 tax year, Form 1040, U.S. Individual Income Tax Return, is the only form used for personal (individual) federal income tax returns filed with the IRS. In prior years, it had been one of three forms (1040 [the "Long Form"], 1040A [the "Short Form"] and 1040EZ – see below for explanations of each) used for such returns.
Schedule 5 (2018) Other Payments and Refundable Credits - Former lines 65-75 that were moved from 1040 with those kept on 1040 omitted. N/A Schedule 6 (2018) Foreign Address and Third Party Designee. Since 2019, this is part of the header of the 1040, so is obsolete. N/A Schedule 8812: Is used to calculate the Child Tax Credit.
However, last year, the IRS pushed back the deadline for filing 2021 tax returns and for paying taxes owed because of the Emancipation Day holiday in Washington, D.C. In 2023, the fact that April ...
If you're still working on filing your tax return in 2023, you're not alone. Many Americans take all the way until the final day of April 15 -- or, for 2023, April 18 -- to finish their returns.
The origin of the current rate schedules is the Internal Revenue Code of 1986 (IRC), [2] [3] which is separately published as Title 26 of the United States Code. [4] With that law, the U.S. Congress created four types of rate tables, all of which are based on a taxpayer's filing status (e.g., "married individuals filing joint returns," "heads of households").
This article originally appeared on GOBankingRates.com: Get a Jump on Your Taxes With These Tips From the IRS for 2023. Show comments. Advertisement. Advertisement. In Other News. Entertainment.
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