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Form 1040 is utilized for personal federal income tax returns, allowing individuals to report their filing status, personal details, and tax identification numbers for themselves, their spouse, and dependents to the IRS. The form has sections for reporting income and deductions to calculate tax owed or potential refunds. In certain cases, additional forms and schedules may be required alongside Form 1040 for accurate income reporting and claiming deductions and credits. Form 1040-SR is available for individuals aged 65 and over, featuring a larger font and a standard deduction table. Previous versions like 1040A and 1040EZ are no longer in use. For further tax assistance, visit turbotax.com.
