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  2. Standard deduction - Wikipedia

    en.wikipedia.org/wiki/Standard_deduction

    For dependents, the standard deduction is equal to earned income (that is, compensation for services, such as wages, salaries, or tips) plus a certain amount ($400 in 2023). A dependent's standard deduction cannot be more than the basic standard deduction for non-dependents, or less than a certain minimum ($1,250 in 2023).

  3. IRS tax forms - Wikipedia

    en.wikipedia.org/wiki/IRS_tax_forms

    1040. 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.

  4. Form 1040 - Wikipedia

    en.wikipedia.org/wiki/Form_1040

    Form 1040, officially, the U.S. Individual Income Tax Return, is an IRS tax form used for personal federal income tax returns filed by United States residents. The form calculates the total taxable income of the taxpayer and determines how much is to be paid to or refunded by the government. Income tax returns for individual calendar-year ...

  5. What Is the Standard Deduction Amount for 2022-2023 and ... - AOL

    www.aol.com/finance/difference-between-standard...

    Here are the standard deductions for the 2022 and 2023 tax years: ... on the first page of Form 1040. For filers using Form 1040-SR, U.S. Tax Return for Seniors, the standard deduction is on page ...

  6. What Is the 1040 and What’s the Difference Between the 1040 ...

    www.aol.com/1040-difference-between-1040-1040a...

    How To Get a 1040 or 1040-SR Form. ... to Use in Addition to Form 1040. Schedule. ... if you itemize your deductions on Schedule A instead of taking the standard deduction. For tax-year 2020, that ...

  7. Retirees 65 and Older Eligible for Extra Standard Deduction ...

    www.aol.com/retirees-65-older-eligible-extra...

    For tax year 2023, the additional standard deduction amounts for taxpayers who are 65 and older OR blind are: $1,850 for single or head of household. $1,500 for married taxpayers (per qualifying ...

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