by Ken Moreland | Feb 16, 2026 | Personal Taxes - 1040
The IRS made several meaningful updates that affect how individuals prepare the 2025 Form 1040 (filed in 2026). Below is a clear, item-by-item breakdown of the most important changes, including new deductions, updated credits, and rules that impact itemized deductions...
by Ken Moreland | Jan 1, 2020 | Personal Taxes - 1040
Filing Status The first thing you need to determine in preparing your 1040 is what your filling status is. What your marital status is on the last day of the year has the most effect on which options are available to you. The five classification of filing status are:...
by Ken Moreland | Jun 15, 2019 | Personal Taxes - 1040
2019 Federal Income Taxes Federal income taxes are assessed by the IRS on your worldwide income. The amount of tax you’ll need to pay is determined by your gross income, less your standard deduction and any tax credits. The amount you will owe is then determined by...
by Ken Moreland | May 15, 2018 | Personal Taxes - 1040
Your filing status is what determines what table is used to determine your tax rate. Federal Income Tax 2019 Tax Brackets: Single Filers The income tax brackets if you’re just filing a 1040 for yourself are: Tax rate Taxable income bracket Tax owed 10% $0 to...
