What Is a 1040a Form Used for on a Tax Return?


Quick Answer

Form 1040A is an IRS tax form that may be used to file personal income taxes. Taxpayers filing the 1040 must meet certain requirements such as having an income of $100,000 or less and using the standard deduction instead of itemized deductions.

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Full Answer

There are three 1040 forms that may be used for filing individual income taxes: IRS form 1040, 1040EZ and 1040A. The 1040A form may be used by those reporting income from wages, salaries and tips, interest and dividends, capital gains, IRAs, pension and annuity distributions, unemployment compensation, Alaska permanent fund dividends and Social Security. Those reporting other income must use the standard 1040 form when filing taxes.

Those filing a 1040A are only allowed to claim educator expenses, IRA deductions, student loan interest deductions and tuition and fees deductions as adjustments to income. Only certain tax credits may be claimed when filing a form 1040A: child and dependent care, elderly or disabled, education, child tax and additional child tax, earned income and premium tax. Those filing a 1040A form may not claim an alternative minimum tax adjustment on stocks that were acquired from incentive stocks. Those who received dependent care benefits or are liable for taxes due to the recapture of an education credit or alternative minimum tax from a prior tax year are allowed to file their taxes using form 1040A.

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