Form 1040 (Schedule L)

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Form 1040 (Schedule L)

A form published by the IRS allowing certain taxpayers to calculate the standard deduction for which they are eligible. One uses Schedule L if one suffered a loss from a federally-declared disaster between 2007 and 2009, or if one paid excise taxes or other taxes to a state on the purchase of a new vehicle between February 2009 and the beginning of 2010.