Types of Income Supported

The following types of income are supported when using Express1040.com:

• Wages and salaries (Form W-2)
• Unemployment compensation (Form 1099-G)
• Interest and dividend income (Form 1099-INT and Form 1099-DIV)
• Capital gain distributions (Form 1099-DIV)
• Sales of stocks and mutual funds (Form 1099-B)
• IRA and pension distributions (Form 1099-R)
• Social security benefits (Form 1099-SSA)
• Gambling income or losses (Form W-2G)
• Self-employment income (Form 1099-MISC and Schedule C)
• Rental real estate income (Schedule E)
• Royalty income (Schedule E)
• Partnership or S corporation income (Schedule K-1)
• Estate and trust income (Schedule K-1)
• Farm income (Schedule F)
• Self-employment taxes (Schedule SE)
• Alimony received
• Taxable state or local refunds (Form 1099-G)
• Scholarships and grants
• Unreported tip income (Form 4137)
• Sale of business property (Form 4797)
• Cancellation of debt income (Form 1099-C or Form 1099-A)
• Sale of home
• Tuition program distributions (Form 1099-Q)
• Original Issue Discount income (Form 1099-OID)
• Seller-financed loan interest income
• Household employee wages
• NOL carryover
• Capital loss carryover
• Jury duty fees
• Prizes and miscellaneous income
• Alaska Permanent Fund dividends

Supported Credits

Express1040.com supports the following common types of federal credits:

• Child and Dependent Care credit (Form 2441)
• Child Tax credit
• Additional Child Tax credit (Form 8812)
• Education credits - American Opportunity, Hope, and Lifetime Learning credits (Form 8863)
• Refundable American Opportunity credit
• Earned Income credit (Schedule EIC)
• Making Work Pay credit (Schedule M)
• First-time home-buyer credit
• Move up/repeat home-buyer credit
• Retirement Savings Contribution credit (Form 8880)
• Excess Social Security credit
• Residential energy credits
• Hybrid Car credit
• Elderly credit (Schedule R)
• Foreign Tax credit (Form 1116)

Items NOT Supported

The following items are NOT supported with Express1040.com:

• Foreign employment income (Form 2555)
• Foreign mailing address
• Household employment taxes (Schedule H)
• Nonresident alien returns (Form 1040NR)
• Adoption credit (Form 8839)
• Deceased taxpayer (Form 1310)
• General business credits (Form 3800)
• Farm rental (Form 4835)
• At-risk limitations (Form 6198)
• Installment sales (Form 6252)
• Tax for children under age 18 with investment income (Form 8615)
• Prior-year minimum tax credit (Form 8801)
• Qualified electric vehicle credit (Form 8834)
• Archer MSAs (Form 8853)
• Health coverage tax credit (Form 8885 and Form 1099-H)

Common Deductions Supported

The following deductions are supported with Express1040.com:

• Education expenses (Form 1098-T)
• Home mortgage interest, points, and insurance (Form 1098)
• Student loan interest (Form 1098-E)
• IRA deduction
• Educator expenses
• Moving expenses (Form 3903)
• Alimony paid
• Medical expenses (Schedule A)
• State and local taxes (Schedule A)
• Real estate taxes (Schedule A)
• Personal property taxes (Schedule A)
• Cash contributions and most noncash contributions (Schedule A and Form 8283)
• Job expenses (Form 2106)
• Tax preparation fees (Schedule A)
• Investment expenses (Schedule A)
• Gambling losses (Schedule A)
• Casualty losses (Form 4684)
• Depreciation expense (Form 4562)
• Margin loan interest (Form 4952)
• Penalty paid on early withdrawal of savings
• Health Savings Account deduction
• Extra Standard Deduction for real estate taxes (Schedule L)
• Sales tax paid on the purchase of a new car
• Self-employed retirement contributions
• Jury duty repayments

Supported Federal Forms

Express1040.com supports the following federal forms:

* Anyone who uses Form 1040EZ or Form 1040A can also use Form 1040. The Express1040 software gathers your information and allows you to and print and file a Form 1040.

** Form 1040X - Amended Return is only available if you prepared your original return using the Express1040.