Maximum Refund Guarantee / Maximum Tax Savings Guarantee - or Your Money Back – Individual Returns: If you get a larger refund or smaller tax due from another tax preparation method by filing an amended return, we'll refund the applicable TurboTax federal and/or state purchase price paid.This guarantee is good for the lifetime of your personal, individual tax return, which Intuit defines as seven years from the date you filed it with TurboTax. 100% Accurate Calculations Guarantee – Individual Returns: If you pay an IRS or state penalty or interest because of a TurboTax calculation error, we'll pay you the penalty and interest. ![]() No matter which way you file, we guarantee 100% accuracy and your maximum refund. Or, get unlimited help and advice from tax experts while you do your taxes with TurboTax Live Assisted.Īnd if you want to file your own taxes, you can still feel confident you'll do them right with TurboTax as we guide you step by step. With TurboTax Live Full Service, a local expert matched to your unique situation will do your taxes for you start to finish. There used to be different versions of the 1040, such as the 1040A and 1040EZ, but these are no longer in use. It's almost the same as the 1040, but differences include a larger font and a standard deduction table. There is also Form 1040-SR for people aged 65 and over. ![]() In some situations, you may also be required to file other forms and schedules, in conjunction with Form 1040, in order to accurately report your income and claim your deductions and credit. The 1040 Form is divided into sections where you report your income and deductions to determine the amount of tax you owe or the refund you can expect to receive. ![]() It is used to report your filing status, personal information, and the tax identification number for yourself, spouse, and dependents to the IRS. Form 1040 is used for personal federal income tax returns.
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