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Federal Taxes

You'll find the answers to these questions and much more in this section. We cover everything related to your federal income taxes, in clear and simple language. You'll also find all the forms, worksheets, tax calculators, and publications you'll need to complete your return and file your taxes online.

Federal Tax Guide

Filing Basics

There are two different types of tax credits: refundable and nonrefundable. Learn about the difference between those tax credits. Learn More

Income

Learn all about reporting various types of income on your tax return. Learn More

Withholding

A portion of most employees' income is withheld and paid to the IRS to cover taxes. Learn More

Dependents

It is possible to claim qualifying children or relatives as your dependents. Learn More

Credits

A tax credit reduces the amount of tax for which you are liable. Unlike a deduction, which reduces the amount of income subject to tax, a tax credit directly reduces your tax liability. Learn More

Deductions

Learn about the difference between itemized tax deductions and the standard tax deduction and see what applies to you! Learn More

Affordable Care Act

The Affordable Care Act was passed almost three years ago with the goal of extending quality health insurance coverage to more Americans. The Act’s core requirements are that most Americans must have health insurance and that all but small employers must offer insurance to full-time employees. Learn More

Refunds

Learn more about your tax refunds. Whether you want to learn about overwithholding, direct deposit, paper check and more, 1040.com has the answer! Learn More

Payments

There are a variety of ways to make tax payments. See which is best for you! Learn More

Tax Tips

Make filing your taxes easier with these tips, tricks and relevant facts about filing taxes online. Learn More

Do I qualify as head of household?

How much should I have withheld from my pay?

What's the difference between a tax credit and a deduction, and which is better?

You'll find the answers to these questions and much more in this section. We cover everything related to your federal income taxes, in clear and simple language. You'll also find all the forms, worksheets, tax calculators, and publications you'll need to complete your return and file your taxes online.

Remember, whether you prepare your own taxes or hire a professional preparer, you are ultimately responsible for the accuracy and completeness of your return. This section will help you:

  • Better understand your taxes
  • Eliminate mistakes on your return
  • Avoid paying more tax than you should

Tax Tips

Your Refund: Wait for it … Wait for it …

Once you’ve e-filed your return, don’t waste effort checking on when the refund will show up. Don’t start hunting the refund until 21 days has passed, the IRS says.…

In Search of Your Missing W-2

If you’re ready to file and your employer has yet to send out W-2s, call your employer’s payroll department and check on it. They can usually e-mail you a copy. …

Hobby or Business?

A fine line may separate the two, but the IRS is going to put you on one side or the other. Pass their criteria, and the IRS could declare your pastime a business – and require things like self-employment taxes.…

Free Money!

No, it only seems that way. The Earned Income Tax Credit reads like everybody gets a refund no matter what. But the sticking point is Earned Income. …

A Kinder, Gentler Calculation

If you usually take the Office in Home deduction, you may be glad to know the IRS has a new option for 2013 that could save you some math. …

For the Vehicularly Challenged

When your teenager comes to you and demands a car, tell ‘em you just read about the latest trend in automotive financing. It’s called a JOB, and can give them just about everything they’re asking for.…

Don't Sweat the Tax Stuff

Above all, be prepared before you sit down to do your income taxes. Make sure you’ve got all your paperwork together, handy, and in order. That way, if you’re missing something, there’s time to find it – or go get it.…

Proving You Are You

Getting stuck in the checkout process – and can’t tell your PIN from your AGI? The Identification PIN we ask for comes from the IRS. The AGI is an alternative, and comes from last year’s return. …

Pay Now or Pay Now

You got your Federal income tax extension filed on time and you’re feeling pretty relieved. But don’t put away that checkbook just yet. …

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