Form 1040įorm 1040 is the standard annual income tax form that allows you to report detailed information about income, deductions, and credits. Not sure if form 1040A is the right one for your current financial situation? Learn more about the various 1040 forms below to decide which one best fits your needs. What is the difference between Form 1040, 1040A, and 1040EZ?
You do not have an alternative minimum tax adjustment on any incentive stock options. The only tax credits you intend to claim are: child tax credit, additional child tax credit, earned income tax credit, retirement savings contributions credit, education tax credits, tax credit for child and dependent care expenses, and credits for the elderly or disabled. Your income only comes from: wages/salaries, tips, interest and dividends, capital gains distributions, taxable scholarship or fellowship grants, pensions, annuities, IRAs, unemployment compensations, taxable Social Security or railroad retirement benefits, or Alaska Permanent Fund dividends. Your only income adjustments are classroom or educator expenses, IRA deductions, student loan interest tax deductions, and tuition tax deductions. Your taxable income is less than $100,000. If you meet all of the requirements below, you can use from 1040A to file your income tax: Form 1040A eliminates many of the deductions and tax credits available on the standard Form 1040, but it offers more flexibility on reporting income than the 1040EZ form. Because there are a few different versions of the standard Form 1040, it’s critical to understand which one is right for you. 
Form 1040A is a simplified version of the standard 1040 income tax form that you file with the IRS to report your annual earnings and calculate federal taxes.
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