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1040A Form

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1040A Form
In the United States, a simplified version of the 1040 Form on which a taxpayer lists his/her income. In order to be eligible to use the 1040A, the taxpayer must not itemize deductions, own a business, or exceed a certain ceiling on income. It is more complex than the 1040EZ Form, but it appeals primarily to new taxpayers who do not have dependents and cannot claim other credits.


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But people who received more than $3,000 in qualifying income who don't usually file a return have to file a 1040A form in order to get the stimulus check.
If the adjusted gross income is less than $50,000 and a 1040EZ or 1040A form is filed, assets are excluded from the financial aid calculation.
The simplified, 1040A form is meant for those who had at least $3,000 in earned income in 2007, but who would not otherwise be required to file a return.
 
 
 
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