What is the diff between a 1040 and 1040A tax forms?

Answer 1

The 1040 is considered the "Long Form" and you would use it to itemize your deductions, the 1040A is the "Short Form".

Answer 2

No, none of those are the same. They are three different forms. The Schedule A is a form to itemize deductions if you file Form 1040. If you file Schedule A, then you file it in addition to Form 1040. The Form 1040A is a simplified version of Form 1040. It is two pages (actually, two sides of one page). If you file Form 1040A, then you do not file Schedule A or Form 1040.

Answer 3

1040A, the short form can be used, if you elect to only use standard deduction rather than itemize, and you dont have any other sources of income or loss that must be reported in schedule b, c, d, e, or f. otherwise you have to use form 1040, the long form.

Answer 4

1040 A you can not itemize your deductions. . . It's the "short form". . .If you aren't going to have any deductions or major purchases, etc you might save yourself some trouble by using the 1040A.

Answer 5

if you had investment income of more than $500, or are running a business, or made more than $35K , then use 1040A, and ask an accountant to save you some money

otherwise just use the 1040 and or EZ and do it yourself

Answer 6

You don't have the option to itemize deductions on a 1040A. You have to take the standard.

Answer 7

1040A is a shorter form without the deductions.

Answer 8

1040A- short form

Taxable income below $100,000
Capital gain distributions, but no other capital gains or losses
Only tax credits for child, education, earned income, child and dependent care expenses, adoption, elderly and retirement savings contributions
Only deductions for IRA contributions, student loan interest, educator expenses or higher education tuition and fees
No itemized deductions

1040- long form

Taxable income of $100,000 or more
Itemized deductions
Self-employment income
Income from sale of property

Answer 9

one has an A at the end...