Get the up-to-date form 1 - TaxHow 2025 now

Show details

4.8 out of 5

21 votes

The document outlines the requirements for reporting other income and claiming deductions on Massachusetts tax forms, specifically Form 1 and Form 1-NR/PY. It includes detailed instructions for completing Schedule X for other income and Schedule Y for other deductions, with specific line items for various types of income and allowable deductions such as alimony, IRA distributions, business expenses, and student loan interest.

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

How to fill out form 1 - TaxHow with DocHub

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Filling out Form 1 - TaxHow can be straightforward when you have the right guidance. Our platform simplifies the process, ensuring you complete your tax return accurately and efficiently.

Follow the steps to complete your Form 1 - TaxHow effortlessly.

Begin by signing up or logging into our platform. This will allow you to access and edit your documents seamlessly.
Click ‘Get Form’ to open Form 1 - TaxHow in the editor. You’ll find an intuitive interface that makes filling out forms easy.
Start with the personal information section. Enter your first name, middle initial, last name, and social security number accurately.
Proceed to report any other income on Schedule X. Fill in details for alimony received, taxable IRA distributions, and other gambling winnings as applicable.
Next, move to Schedule Y for deductions. Input allowable employee business expenses, penalties on early withdrawals, and any alimony paid.
Once all sections are completed, review your entries for accuracy. You can print, download, or share the form directly from our platform.

Start using our platform today for free and make your tax filing experience smooth and efficient!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What does 1 mean on a tax return?

Claiming 1 on Your Taxes Claiming 1 reduces the amount of taxes that are withheld, which means you will get more money each paycheck instead of waiting until your tax refund. You could also still get a small refund while having a larger paycheck if you claim 1. It just depends on your situation.

What is IRS form 1?

Schedule 1 (Form 1040), Additional Income and Adjustments to Income. Have additional income, such as unemployment compensation, prize or award money, gambling winnings. Have any deductions to claim, such as student loan interest deduction, self-employment tax, educator expenses.

What is line 1 on tax form?

Line 1 requires reporting income from tax refunds, tax credits, or offsets for state and local taxes. Use the IRS worksheet if you received a 1099-G, and exceptions are outlined in the instructions.

What does 1 mean on taxes?

By placing a 0 on line 5, you are indicating that you want the most amount of tax taken out of your pay each pay period. If you wish to claim 1 for yourself instead, then less tax is taken out of your pay each pay period.

Is it better to claim 0 or 1?

Claiming 1 reduces the amount of taxes that are withheld from weekly paychecks, so you get more money now with a smaller refund. Claiming 0 allowances may be a better option if youd rather receive a larger lump sum of money in the form of your tax refund.

How do I pay my NYS 1?

Web File You can electronically submit Form NYS-1 information and make your payment via ACH debit through the Tax Department Web site. You must register to use our Online Services before you can Web File. Benefits of filing online include secure filing, immediate data transmittal and confirmation.

What does 1 mean on tax form?

1 Gross Distribution This is the total dollar amount of the benefits you received before any deductions were withheld.

How to get schedule 1 tax form?

Obtain a copy of Form 1040 and Schedule 1 from the IRS website, local IRS office, or by requesting that they be mailed to you. Fill out the required information on both forms manually, following the instructions provided. Attach Schedule 1 to your completed Form 1040.

Get the up-to-date form 1 - TaxHow 2025 now

Here's how it works

How to fill out form 1 - TaxHow with DocHub