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 Welcome to 1040.com, Your One-Stop Tax Resource
Your Life … 

For every phase of life, there's something going on that affects your taxes. Getting married, having a child, starting a business, investing, retiring – all directly affect how you are taxed. And whether you do your own taxes or hire a professional preparer, you need to understand the ins and outs of your taxes. 

… Your Tax Answers 

We're here to help. Here you'll find answers to your tax questions and the forms, worksheets, and publications you need to complete your tax returns. We explain all the basics, tell you what’s new and changing with the tax laws, and provide links to the IRS website for when you need more in-depth information. We also offer online filing, links and information for your state taxes, and online tools and calculators. All this and more, in one location.

It's your life, and here are your tax answers.

  
 Tax Headlines

What the New Housing Bill Means for Homeowners
Q. Could you explain the tax provisions aimed at homeowners that were included in the housing bill that was signed into law by President Bush on July 30? The Foreclosure Prevention Act of 2008 contains two immediate tax changes aimed at providing tax relief for homeowners. For the 2008 tax year only, non-itemizers can increase their standard deduction by the lesser of the amount of real property taxes paid during the year or $500 ($1,000 for a married couple filing jointly).

GOP Blocks Action on Tax, Renewable Energy Package
For the fourth time this summer, Republicans stopped the Senate from taking up wide-ranging legislation that extends tax breaks for teachers, businesses and parents and provides tax credits to renewable energy entrepreneurs. Major business groups, usual GOP allies, have implored Congress to act on the tax credits, many which expired at the end of last year or will run out at the end of this year. But many Republicans oppose what they say are new tax increases to pay for parts of the package, and nearly all say the Senate's only business now is acting on an energy bill that promotes drilling and other measures to boost domestic oil supply.
  
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