tax forms
Annual filing papers
Tax forms are official documents used to report income, deductions, and other financial information to government tax authorities.
In the U.S., the most common is Form 1040 for individual income tax returns.
The term often evokes annual dread: I spent the whole weekend doing my tax forms.
Businesses, employers, and financial institutions also issue tax forms reporting wages, interest, and other payments.
- W-2Employer-issued tax form
- 1040Annual federal filing
- adjusted gross incomeEarnings after initial subtractions
- deductionsConclusions from reasoning
- standard deductionPreset tax-free income amount
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- tax records
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