Frequently Asked Questions
The deadline is typically April 15th, with an option to file for an extension.
Common forms include Form 1040, W-2, 1099, and Schedule A.
Report on Schedule C (Form 1040) and complete Form 1099-MISC if earned over $600.
Yes, if you itemize deductions on Schedule A.
Use Form 8829 if you use a dedicated space for business.
A refundable credit for low-to-moderate-income workers; eligibility depends on income, filing status, and dependents.
Yes, through the IRS website or tax preparation software.
File an amended return (Form 1040X) to correct errors.
Yes, through credits like the American Opportunity Tax Credit or Lifetime Learning Credit.
At least three years, or seven years if you’ve claimed losses or bad debt deductions.
A W-2 is for employee income, while a 1099 is for freelance or contract work.
Yes, if you itemize deductions and exceed the threshold.
Use Schedule D (Form 1040) and Form 8949.
Yes, if you itemize deductions on Schedule A.
A credit for families with qualifying children under age 17.
Yes, with a $10,000 limit.
Use Form 4868 to request an automatic six-month extension.
It depends on the reason for the move; some moves may qualify for a deduction.
A separate tax calculation that ensures you pay a minimum amount of tax.
Request it online through the IRS website or by calling the IRS.