[PDF] 2018 Instruction 1040 26 mars 2020 2018 Tax

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1040
Futu re Developments2018 Tax Reform Changes 2018
TAX YEA R

INSTRUCTIONS

Form 1040 has been redesigned.

Forms 1040A and 1040EZ will no

longer be used. • Most tax rates have b een reduced. • The child tax credit amount has been increased up to $2,000.• A new tax credit of up to $500 may be available for each dependent who doesn't qualify for the child tax credit. • The deduction for state and local taxes has been limited.• The deduction for miscellaneous expenses has been eliminated. • The overall limit on itemized deductions has been eliminated.

For details on these and other

changes see

What"s New

in these instructions. See

IRS.gov

and

IRS.gov/Forms

and for the latest information about developments related to Form 1040 and its instructions, such as legislation enacted after they were published, go to

IRS.gov/Form1040

FreeFile is the fast, safe, and free way to prepare and e-file your taxes. See

IRS.gov/FreeFile

Pay Online.

It's fast, simple, and secure. Go to

IRS.gov/PaymentsIncluding the instructions for

Schedules 1 through 6

De partment of the Treasury Internal Revenue Service www.irs.gov

Everyone les the new For

m 1 040!

Use the base form... only the schedules

that a re right for you! Have additional income, such as capital gains, unemployment compensation, prize or awa rd money, or gambling winnings. Have any deductions to claim, such as student loan inte rest deduction, self-employment tax, or educator expenses.

Can claim a

refundable credit other than the earned income c redit, American opportunity credit, or additional child tax credit, such as the net premium tax credit or health coverage tax credit. Have other payments, such as an amount paid with a request for

an extension to le or excess social security tax withheld. Owe AMT or need to make an excess advance premium tax

c redit repayment.

Have a fo

reign address or a third party designee other than a paid preparer.Can claim a nonrefundable credit other than the child tax credit or the c redit for other dependents, such as the foreign tax credit, education c redits, or general business credit. Owe other taxes, such as self-employment tax, household employment taxes, additional tax on IRAs or other qualied retirement plans and tax-favored accounts.

Schedule 1

Schedule 2

Schedule 3

Schedule 4

Schedule 5

Schedule 6

IF YOU..

.THEN USE... For 2018, you will no longer use Form 1040A or Form 1040EZ as you may ha ve in the past. Instead, you will use the redesigned Form 1040, which now has six new numbered schedules i n addition to the existing schedules such as Schedule A. Many people will only need to le Form 1040 and none of the new numbe red schedules. However, if your return is more complicated (for example, you claim certain deductions o r credits or owe additional taxes), you will need to complete one or more of the new numbered schedules. Below i s a general guide to which schedule(s) you will need to le based on your circumstances. See the instructions for the schedules for more information.

If you

e-file your return, you generally won't notice much of a change and the softwa re you use will generally determine which schedules you need.

Form 1040 Redesign

Helpful Hints

Affordable Care Ac

t - What You Need To Know Requirement To Reconcile Advance Payments of the Premium Tax Credit The premium tax credit helps pay premiums for health insurance purchased from the Marketplace. Eligible individuals may have advance payments of the premium tax credit made on their behalf directly to the insurance company. If you or a family member enrolled in health insurance through the Marke tplace and advance payments of the premium tax credit were made to your insurance company to reduce your monthly pr emium payment, you must attach

Form 8962

to your return to reconcile (compare) the advance payments with your premium tax credit for the y ear.

The Marketplace is required to send

Form 1095-A

by

January 31, 2019,

listing the advance payments and other information you need to complete

Form 8962.

1. You will need

Form 1095-A

from the Marketplace.

2. Complete

Form 8962

to claim the credit and to reconcile your advance credit payments.

3. Include

Form 8962

with your

Form 1040

or

Form 1040NR.

(Don't include Form 1095-A.)

Health Coverage Individual Responsibility Payment

Report Health Care Coverage or Exempt

Check the "Full-year health care coverage or

exempt" box on the front of Form 1040 to indicate that you, your spouse (if filing jointly), and anyone you can or do claim as a dependent had qualifying health care coverage or a coverage exemption that covered all of 2018 or a combination of qualifying health care coverage and coverage exemption(s) for every month of 2018.

Make a Shared Responsibility Payment

Make a shared responsibility payment if, for any

month in 2018, you, your spouse (if filing jointly), or anyone you can or do claim as a dependent didn't have coverage and doesn't qualify for a coverage exemption. If you can claim any part-year exemptions or exemptions for specific members of your household, use Form 8965. This will reduce the amount of your shared responsibility payment.

For more information, see the Form 8965

instructions or go to

IRS.gov/SRP

Health Coverage Reporting

• If you or someone in your family had health coverage in 2018, the p rovider of that coverage is required to send you

a Form 1095-A, 1095-B, or 1095-C (with Part III completed) that lists individuals in your family who w

ere enrolled in the coverage and shows their months of coverage. You may use this information to help complete

Schedule 4,

line 61.

You should receive

Form 1095-A

by early

February 2019

and Form 1095-B or 1095-C by early March

2019, if applicable. You don't need to wait to receive your Form 1095-B or 1095-C to file y

our return. You may rely on other information about your coverage to complete Schedule 4, line 61 . Don't include Form 1095-A, Form

1095-B, or Form 1095-C with your tax return.

• If you or someone in your family was an employee in 2018, the emplo yer may be required to send you Form

1095-C. Part II

of

Form 1095-C

shows whether your employer offered you health insurance coverage and, if so, information about the offer. You should receive

Form 1095-C

by early

March 2019.

This information may

be relevant if you purchased health insurance coverage for 2018 through the Health Insurance Marketplace and wish to claim the premium tax credit on

Schedule 5, line 70.

However, you don't need to wait to receive this

form to file your return. You may rely on other information received from your employer. If you don't wish to claim

the premium tax credit for 2018, you don't need the information in

Part II

of

Form 1095-C.

For more information

on who is eligible for the premium tax credit, see the Instructions for

Form 8962.

OR AB

For 2018, you must:

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Green - Reduce the amount of paper used.

IRS.go

v is

the gateway to all electronic services offered by the IRS, as well as the spot to download forms at IRS.gov/Forms.

Free Software Options for Doing Your Taxes

G reater Accuracy - Fewer errors mean faster processing. Make your tax payments electronically—it"s easy. You can make electronic payments online, by phone, or from a mobile device. Paying electronically is safe and secure. The IRS uses the latest encryption technology and doesn"t store the bank account number you use to submit your payment. When you use any of the IRS electronic payment options, it puts you in control of paying your tax bill and gives you peace of mind. You determine the payment

date, and you will receive an immediate confirmation from the IRS. It"s easy, secure, and much quicker

than mailing in a check or money order. Go to

IRS.gov/Payments

to see all your electronic payment options.

Do Your Taxes for Free

If

your adjusted gross income was $66,000 or less in 2018, you can use free tax software to prepare and e-le your tax return.

Earned more? Use Free File Fillable Forms.

quotesdbs_dbs31.pdfusesText_37

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