![]() Information Required Wages, salaries, tips, and other income deductions for charitable contributions, medical expenses, and other items credits such as the Earned Income Tax Credit or the Child Tax Credit.Purpose To report an individual’s income, deductions, and credits for a given tax year.The taxpayer must also report any credits they are eligible for, such as the Earned Income Tax Credit or the Child Tax Credit. This includes wages, salaries, tips, and other income, as well as deductions for charitable contributions, medical expenses, and other items. ![]() Individual Tax Return Form must provide information about their income, deductions, and credits. Individual Tax Return FormĪ taxpayer who is filing a 1040 U.S. The form is also used to report any changes in filing status, such as marriage or divorce, and to report any changes in address.Įxample of the 1040 U.S. The form is used to calculate the amount of taxes owed or refunded to the taxpayer. It is used to report income, deductions, and credits to the IRS. Individual Tax Return Form is an important document for taxpayers in the United States.
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