Form 1040 is the standard federal income tax form people use to report their income to the IRS, claim tax deductions and credits, and calculate the amount of their tax refund or tax bill for the year. The formal name of the Form 1040 is “U.S. Individual Income Tax Return.” There used to be three varieties, the 1040EZ, the 1040A and the 1040, that covered simple to complex tax situations. Now there’s just Form 1040 and 1040-SR.
