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Form 1040 is used for personal federal income tax returns, allowing individuals to report their filing status, personal information, and tax identification numbers for themselves, their spouses, and dependents to the IRS. The form consists of sections for reporting income and deductions to calculate taxes owed or refunds expected. Additional forms and schedules may be required alongside Form 1040 for accurate income reporting and claiming deductions and credits. For seniors aged 65 and over, Form 1040-SR is available with features like a larger font and a standard deduction table. Previous versions like 1040A and 1040EZ are no longer in use. For more tax tips, visit turbotax.com.