What tax forms should i receive

These items are sometimes referred to as above-the-line deductions, because you claim them just before the bottom line of the form, the one where you enter your adjusted gross income. By reducing your total gross income, your taxable income will be lower and your tax bill should be smaller, too.

Adjustments allowed on Form A include educator expenses, certain IRA contributions, student loan interest, and some college tuition and fees.

Finally, choose Form if your earnings are larger, you itemize deductions or you have more complex investments and other income to report. This usually means added tax paperwork needs to be filed, too. Additional paperwork also is associated with the many tax credits that show up only on the long Form The extra work, however, is offset by the added savings these credits, such as the one for taxes you paid to a foreign country or the one that helps cover some adoption costs, can produce for filers.

The longest tax return also offers more than a dozen above-the-line deductions that you can claim directly on the form itself versus the four adjustments found on the A. The adjustments include, among other things, breaks for alimony payments you made, self-employment taxes you paid or moving expenses you incurred. You will, however, have to fill out an additional form or schedule to claim a couple of these breaks. If your situation has changed — say, you now have enough deductions to make itemizing worthwhile — then file a different form.

Compare CD rates today. How We Make Money. Kay Bell. Written by. Share this page. Key Principles We value your trust. You can file the EZ return if: Your filing status is single or married filing jointly. Your spouse also must meet the age requirements if you file a joint return.

You or your spouse if filing jointly were not legally blind during the last tax year. You have no dependents. You have capital gain distributions, but no other capital gains or losses.

Download your state's tax forms and instructions for free. You may need a copy or a transcript of a prior year's tax return.

Learn how to get each one. Mail the following items to get an exact copy of a prior year tax return and attachments:. Send them to the address listed in the form's instructions. The IRS will process your request within 75 calendar days.

A transcript is a computer printout of your return information. Sometimes a transcript is an acceptable substitute for an exact copy of your tax return. You may need a transcript when preparing your taxes. They are often used to verify income and tax filing status when applying for loans and government benefits. Schedule F The Schedule F is the form that you will complete as part of your annual federal income tax return if you have earnings from farm ownership.

Business Ownership Forms If your parents own or are a partner in a business, and they file any of the forms below with the Internal Revenue Service IRS , we will need them to be submitted as well with your financial aid application.

K-1 If your parents have ownership in an S-corporation Form S or a Partnership Form , the K-1 is a form that they would receive also from the S-corporation or Partnership. Mission Why Liberal Arts? Next Trains to Philadelphia. Next TriCo Shuttles. How to Plan Your Classes.

The Swarthmore Bucket List. View previous guide View next guide. Search the website Search Form What are you looking for? Search Icon Looking for a specific person? The Federation of Tax Administrators has links to appropriate state tax forms for each of the 50 states plus Washington, D.

The tax year was the first in which all individual taxpayers used the new Form Many will likely find they still have a lot of extra paperwork that must accompany their You can find her on LinkedIn. Image: Various tax forms with a pen. Advertiser Disclosure We think it's important for you to understand how we make money. Show Hide. About the author: Christy Rakoczy Bieber is a full-time personal finance and legal writer.