What is Form 1040a
The 1040A is a simpler version of Form 1040. You can use it if you meet the 1040A requirements, which are less complex than those for a 1040. If you’re filing a paper return and meet the requirements, using the simpler 1040A reduces the chance for both:
- Costly errors
- A delay in processing your return
Your taxable income must be less than $100,000 to use the 1040A. Also, your income can only come from these sources:
- Wages, salaries, and tips
- Interest and dividends
- Capital gain distributions
- Taxable scholarship and fellowship grants
- Pensions, annuities, and IRAs
- Unemployment compensation
- Taxable Social Security and railroad retirement benefits
- Alaska Permanent Fund dividends
You can claim these adjustments to income on a 1040A:
- IRA deduction
- Student-loan interest deduction
You can only claim these credits:
- Child tax credit
- Additional child tax credit
- Education credits
- Earned Income Credit (EIC)
- Credit for child- and dependent-care expenses
- Credit for the elderly or the disabled
- Retirement savings contributions credit
You can also use a 1040A if any of these are true:
- You receive dependent-care benefits.
- You owe tax from the recapture of an education credit or the Alternative Minimum Tax (AMT).
- You received the advance premium tax credit.
Restrictions for using a 1040A include:
- You can’t itemize deductions. So, you can’t deduct charitable donations or mortgage interest paid.
- You can’t claim an AMT adjustment on stock you got from exercising an incentive stock option.
If you are filing U.S. personal income taxes, you will complete some variety of Form 1040. Learn more about Forms 1040, 1040A and 1040EZ with H&R Block.
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