Definition of 1040AÂ Form
It is a simple form of the 1040 form for personal earnings tax.
Description of 1040A Form
To be qualified to use a 1040A form, a person must meet certain specifications such as not detailing reductions, not being in business and having taxed earnings of less than $100,000. It is unofficially known as the short form.
While the proper execution can be a little bit more complex compared to the “1040EZ”, it is still relatively simple as opposed to 1040. Once an person’s financial predicament becomes complex with children, special reductions and attributes (such as those associated with post additional knowledge tuition) most tax payers will often need to change from processing with the 1040EZ to the 1040A.