Return to Tax Industry News
 

Post Date:  8/7/2019
Last Updated:  8/7/2019

Summary
Cross References
- https://www.irs.gov/pub/irs-dft/f1040--dft.pdf

The IRS recently released a draft version of the 2019 Form 1040. The 2019 form has changed significantly from the 2018 Form 1040. Whereas the 2018 Form 1040 included six schedules that needed to be attached to the 1040, the 2019 version has been reduced to the following three schedules:
- Schedule 1 - Additional Income and Adjustments to Gross Income,
- Schedule 2 - Additional Taxes, and
- Schedule 3 - Additional Credits and Payments.

Schedule 1 is generally unchanged from the 2018 version. Schedule 2 combines Schedules 2 and 4 from the 2018 version. Schedule 3 combines Schedules 3 and 5 from the 2018 version.

In addition, the 2019 Form 1040 is slightly longer than the 2018 version because it now includes reporting and calculation of taxable income, and the calculation of tax, including credits. As a result, pages one and two of the 2019 Form 1040 take up about three quarters of a page each rather than a half page each.

Print Version:  Click here for a printable version of this document.