The tax form 1040A is a federal tax publication that many taxpayers use to file their annual return.

This form is otherwise known as the short form. It is a short and simple form that covers most of the common income, deductions, and credits. This form is intended for low to middle income tax filers.

If you are wondering if the 1040A is the right form for you, then review the following to see if this form suits your tax situation:

• You make less than $100,000.00 annually.
• You have capital gains.
• You claim tax credits.
• You are able to deduct certain items such as IRA contributions, student loan interest, or education tuition expenses.
• You are not reporting self-employment income.
• You are not reporting income from the sale of property.

If you are unfamiliar with this form then make sure you are prepared when you begin filing your taxes. You will have to have certain things ready, such as proof of income and taxes paid, student loan interest statements, dependent information, as well as any other information that will help qualify you for deductions and credits.

An online tax preparation service such as TurboTax online can help fill this information in automatically for you by importing your information directly from your accounting software.

TurboTax Online will also guide you through the process and ask you specific questions to ensure you are getting the biggest refund possible. If you choose to e-file using Form 1040A then you could receive your return in as little as eight days!