Rules for Form 1040A
Form 1040A is the "medium form." It's not quite as long as Form 1040, but can generally be used if you don't qualify for the 1040EZ and meet all of the following requirements:
- Your taxable income is less than $100,000.
- Your only income is from wages, salaries, tips, IRA distributions, pensions and annuities, taxable Social Security or railroad retirement benefits, taxable scholarships or fellowships, interest, dividends (including Alaska Permanent Fund dividends), capital gains distributions, and unemployment compensation.
- Your only adjustments to income are the deduction for contributions to an IRA, tuition and fees deduction, educator expenses, or the student loan interest deduction.
- You don't have an adjustment for a medical savings account, moving expenses, penalty on early withdrawal of savings, or alimony.
- You are claiming the standard deduction rather than itemized deductions.
- Your only taxes are the income tax as shown in the Tax Table and/or the advance earned income credit (EIC).
- Your only tax credits are the child tax credit, the credit for child and dependent care expenses, the credit for the elderly and the disabled, the EIC, the retirement savings contribution credit, and/or the education credits.
- You don't have an AMT adjustment on stock acquired from the exercise of an incentive stock option.
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