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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 spouses, and dependents to the IRS. It features sections for income and deductions to calculate tax owed or refunds. Additional forms and schedules may be necessary alongside Form 1040 for accurate reporting of income and deductions. There's also Form 1040-SR for those aged 65 and over, with larger font and a standard deduction table. Previous versions like 1040A and 1040EZ are no longer in use. For more tax tips and support, visit turbotax.com.
