Tag: 2018 form 1040

Posts Tagged ‘2018 form 1040’

It’s Almost Time to File 2018 Taxes!

Posted by Manisha Hansraj on December 28, 2018
Last modified: January 8, 2019

taxes 2018

Are you preparing for the new tax season?

The new 2018 tax return is circulating the web so we know what it looks like. However, the IRS hasn’t provided us with a date for when tax season begins.

Despite that, here’s how to be ahead of the game.

Here’s what you need to know

Mark your calendar or set a reminder on your phone because here are some important dates. (more…)

Instructions for Filing the New 2018 Form 1040!

Posted by Manisha Hansraj on December 24, 2018
Last modified: January 8, 2019

2018 form 1040

The IRS finally released the new 2018 tax return.

You’ll see some obvious changes in the new tax return. But first, here’s a breakdown of how to report your tax information.

Keep reading to find out how filing this upcoming tax season will be different.

Introducing Schedules 1 – 6

Form 1040 will be shorter than the previous form because the IRS consolidated tax information into separate schedules. That being said, all additional income and adjustments to income have moved to Schedule 1, taxes moved to Schedule 2, nonrefundable credits moved to Schedule 3, other taxes moved to Schedule 4, other payments and refundable credits moved to Schedule 5, and foreign addresses/third party designee’s moved to Schedule 6.

Here’s how you will be reporting this information. (more…)