IRS Form 1040 "U.S. Individual Income Tax Return" Explained
IRS Form 1040, U.S. Individual Income Tax Return, is the main federal income tax return for individuals. It brings together your income, adjustments, deductions, credits and payments to figure…
IRS 1040 Schedule 3 "Nonrefundable Credits" Form Explained
Schedule 3 (Form 1040), Additional Credits and Payments, reports tax credits and payments that don't have their own line on Form 1040. Part I covers nonrefundable credits, which can reduce your tax…
IRS Form 4506 “Request for Copy of Tax Return” Explained
IRS Form 4506, Request for Copy of Tax Return, is used to order an exact copy of a tax return you previously filed, including the attachments like Forms W-2 that you sent with a paper return. It's…
IRS Form 8379 "Injured Spouse Allocation" Explained
IRS Form 8379, Injured Spouse Allocation, lets you recover your share of a joint tax refund when it was, or will be, applied to your spouse's separate past-due debt. Common examples are past-due…
Avoiding Tax Scams: Tips for Protecting Yourself from Fraudulent Tax Relief Services
In today's digital age, where information is readily available at our fingertips, it’s important that we remain vigilant and wary against fraudulent schemes and scams, especially when seeking tax…
IRS Form 8822 "Change of Address" Explained
IRS Form 8822, Change of Address, tells the IRS your new home mailing address. It matters more than many people realize. The IRS generally only has to send important notices, including audit and…
IRS Form 1098-T "Tuition Statement" Explained
IRS Form 1098-T, Tuition Statement, is issued by colleges, universities and other eligible educational institutions. It reports qualified tuition and related expenses paid, plus scholarships and…
IRS Schedule A "Itemized Deductions" Explained
Schedule A (Form 1040), Itemized Deductions, is where you list specific deductible expenses instead of taking the standard deduction. You should itemize only if your total itemized deductions are…
IRS 1040 Schedule 1 “Additional Income and Adjustments to Income” Explained
Schedule 1 (Form 1040), Additional Income and Adjustments to Income, reports types of income that don't have their own line on Form 1040, along with the "above-the-line" deductions that reduce your…
IRS Form 1040 Schedule R "Credit for the Elderly or the Disabled" Explained
Schedule R (Form 1040), Credit for the Elderly or the Disabled, figures a small nonrefundable credit for lower-income taxpayers who are 65 or older, or who are under 65 and retired on permanent and…