The first page collects information about the taxpayer(s) and dependents. In particular, the taxpayer specifies his/her filing status on this page.

The second page reports income, calculates the allowable deductions and credits, figures the tax due given adjusted income, and applies funds already withheld from wages or estimated payments made towards the tax liability.

On the right side of the first page is the presidential election campaign fund checkoff, which allows individuals to designate that the federal government give $3 of the tax it receives to the presidential election campaign fund. Filing requirements Who must file? įorm 1040 (or a variant thereof) is the main tax form filed by individuals who are deemed residents of the United States for tax purposes.Īltogether, 142 million individual income tax returns were filed for the tax year 2018 (filing season 2019), 92% of which were filed electronically. You are free to copy, adapt, modify, transmit and distribute this material as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).The corresponding main form filed by businesses is Form 1120, also called the U.S. © Australian Taxation Office for the Commonwealth of Australia If you feel that our information does not fully cover your circumstances, or you are unsure how it applies to you, contact us or seek professional advice. Make sure you have the information for the right year before making decisions based on that information. Some of the information on this website applies to a specific financial year.

If you follow our information and it turns out to be incorrect, or it is misleading and you make a mistake as a result, we will take that into account when determining what action, if any, we should take. We are committed to providing you with accurate, consistent and clear information to help you understand your rights and entitlements and meet your obligations.

Download tax form 1040