About Form 1040, U.S. Individual Income Tax Return

Form 1040 is used by U.S. taxpayers to file an annual income tax return. It is the main form that individuals use to report their income, deductions, and credits to the Internal Revenue Service (IRS). This form is used by both residents and non-residents of the United States who have income from U.S. sources.

Current Revision

The current revision of Form 1040 is [insert revision number]. It is important to use the most recent version of the form to ensure accurate reporting of your income and deductions.

Schedule(s) for Form 1040

In addition to Form 1040, there are several schedules that you may need to file depending on your specific tax situation. The numbered schedules are listed below:

• Schedule 1: Additional Income and Adjustments to Income
• Schedule 2: Additional Taxes
• Schedule 3: Additional Credits and Payments
• Schedule A: Itemized Deductions
• Schedule B: Interest and Ordinary Dividends
• Schedule C: Profit or Loss from Business
• Schedule D: Capital Gains and Losses
• Schedule E: Supplemental Income and Loss
• Schedule F: Profit or Loss from Farming
• Schedule H: Household Employment Taxes
• Schedule SE: Self-Employment Tax

For more information on each schedule and whether you need to file it, please refer to the instructions for Form 1040.

Schedule 2 (Form 1040), Additional Taxes

You will need to use Schedule 2 if you owe other taxes in addition to your regular income tax. Some examples of additional taxes include:

• Self-employment tax
• Household employment taxes
• Additional tax on IRAs or other qualified retirement plans and tax-favored accounts
• Alternative Minimum Tax (AMT)
• Excess advance premium tax credit repayment

To report these additional taxes, you should use [Schedule 2 (Form 1040)](link to the PDF form).

Schedule 3 (Form 1040), Additional Credits and Payments

If you are eligible for any credits that you did not claim on Form 1040 or 1040-SR, or if you have made additional payments that need to be reported, you will need to use Schedule 3. Some examples of credits and payments that may be reported on Schedule 3 include:

• Foreign tax credit
• Education credits
• General business credit
• Payments made with a request for an extension to file
• Excess social security tax withheld

To report these additional credits and payments, you should use [Schedule 3 (Form 1040)](link to the PDF form).

Recent Developments

The IRS regularly issues guidance and updates related to tax laws and regulations. Here are some recent developments that may be relevant to your tax filing:

• IRS issues guidance on state tax payments to help taxpayers
• Revised 2022 Instructions for Form 1040 (and 1040-SR) -- 27-JAN-2023
• Revised 2021 Instructions for Schedule H (Form 1040) -- 16-FEB-2022
• Using a Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN) When Filing Your Tax Return -- 25 JUNE-2021
• Unemployment Exclusion Update for married taxpayers living in a community property state -- 24-MAY-2021
• Tax Treatment of Unemployment Benefits
• Form 1040, 1040-SR, or 1040-NR, line 3a, Qualified dividends -- 06-APR-2021
• Filing Extension and Other Relief for Form 1040 Filers
• Face masks and other personal protective equipment to prevent the spread of COVID-19 are tax deductible
• IRS Statement - American Rescue Plan Act of 2021
• New Exclusion of up to $10,200 of Unemployment Compensation -- 24-MAR-2021
• Health Insurance Special Enrollment Period Through May 15, 2021 -- 08-MAR-2021
• Reporting the Credits for Qualified Sick and Family Leave Wages in Gross Income -- 01-MAR-2021
• Correction to the Instructions for Forms 1040 and 1040-SR -- 08-FEB-2021
• Reporting Excess Deductions on Termination of an Estate or Trust on Forms 1040, 1040-SR, and 1040-NR for Tax Year 2018 and Tax Year 2019 --10-JUL-2020
• Limitation on business losses for certain taxpayers repealed for 2018, 2019, and 2020 --19-MAY-2020
• Taxpayer Relief for Certain Tax-Related Deadlines Due To Coronavirus Pandemic -- 14-APR-2020
• Micro-Captive Arrangements -- 23-MAR-2020
• Reporting Related to IRC Section 965 on 2017 Returns –- 08-MAR-2018

Other Items You May Find Useful

In addition to Form 1040 and its schedules, there are other resources that may be helpful for your tax filing. These include:

• IRS website: The official website of the Internal Revenue Service, where you can find forms, instructions, publications, and other resources.
• Taxpayer Assistance Centers: Local IRS offices where you can get in-person assistance with your tax questions.
• Free File: A program that allows eligible taxpayers to file their federal taxes for free using commercial tax preparation software.
• Volunteer Income Tax Assistance (VITA): A program that offers free tax help to low-income individuals, persons with disabilities, and limited English-speaking taxpayers.
• Tax Counseling for the Elderly (TCE): A program that provides free tax help to individuals aged 60 and older.

These resources can provide additional guidance and support as you navigate the process of filing your U.S. Individual Income Tax Return.