What is the difference between 1040 and 1040A Tax Forms?

It can be confusing to know the difference between 1040 and 1040A in the beginning. The 1040A is known to be shorter as compared to the 1040 tax form. You need to use form 1040 if you want to show that you are the head of the household. This will also allow you to claim dependents and so much more. You will also have the ability to get retirement savings and so much more.

You can use Form 1040A if the taxable income that you have is less than $100,000. Remember that you need to know the different conditions so that you can be sure that you will get the type of form that you need to file taxes.

The main difference between 1040 and 1040A is that the 1040 form is longer than the 1040A form. The 1040 form is more challenging to deal with than 1040A because you must supply more information for the 1040 form. The 1040A form is for those people who have a more limited income, such as those who depend solely on their unemployment compensation, wages, or pensions.

Those who are more well off and either self -employed or are beneficiaries of a trust or an estate must use the 1040 form. Many different variables are aligned with the 1040A form. For example, it depends on your income and how much you make. You cannot go above $100,000, and if you do, you need to use 1040.