Here’s How The New Postcard-Sized 1040 Differs From Your Current Tax Return

Curious as to what the new postcard-sized tax return might look like? The Internal Revenue Service (IRS) has released a proposed draft of the return. It looks like this: Draft 1040 p1 Draft 1040 p2 You can see the full-sized copy here (downloads as a pdf). Despite the smaller size, the new form 1040 is intended to replace not only the current form 1040 but also forms 1040A and 1040EZ.  But don’t start printing copies yet. The IRS warns: This is an early release draft of the 2018 IRS Form 1040, U.S. Individual Income Tax Return, which the IRS is providing for your information, review, and comment… Do not file draft forms. Also, do not rely on draft forms, instructions, and publications for filing. (emphasis added) The IRS goes on to say: We generally do not release drafts of forms until we believe we have incorporated all changes. However, in this case we anticipate it is likely that this draft will change at least slightly before being released…

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