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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

Year-End Tax Planning Checklist
NEW YORK, Nov. 17 /PRNewswire/ -- We may have a new President-Elect, but taxpayers have only six weeks to make certain moves that will help ensure tax savings when they file in April 2009. According to Bob Trinz, Senior Tax Analyst for the Tax & Accounting business of Thomson Reuters, "Factors that challenge year-end planning include the stock market's swoon, the economic climate, and the strong possibility of tax changes next year. "The good news is that Congress has acted to 'patch' the AMT problem for 2008, has retroactively reinstated a number of tax breaks (such as the option to deduct state and local general sales tax instead of state and local income tax and the above-the-line deduction for higher education expenses), and has created new tax breaks that go into effect for the 2008 tax year (including a tax credit for first-time homebuyers, a nonitemizers' deduction for state and local property tax and a nonitemizers' deduction for certain disaster losses)," says Trinz.

Act Now to Win on 2008 Tax Breaks
The end of the year is just around the corner, and it's time to look back, look ahead and do your best to beat Uncle Sam at the tax game. Also, if you are a first-time home buyer (haven't owned a home for at least three years), you'll get a new credit if you purchased your home after April 8, 2008. (The credit applies into next year, too, for a home purchased before July 1, 2009.)
  
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