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In this video tutorial, Bradford from The Penny Finisher Personal Finance provides a walkthrough on how to fill out IRS Form 1040 for tax year 2021. He specifically focuses on the example of a single individual with no dependents. Bradford suggests that individuals with simple tax situations, such as those with W-2 jobs, can consider filling out the 1040 themselves. However, as tax situations become more complex with investments or owning a business, using tax preparation software or hiring a professional may be a better option. It is important to ensure taxes are done correctly. Let's dive into the forms and learn how to fill them out.
