Lesson 2: Understanding Federal Forms and Concepts
This lesson introduces key federal tax forms like Form 1040 and explains fundamental concepts such as filing status, dependents, and standard vs. itemized deductions.
Key Topics
- Anatomy of Form 1040
- Determining the Correct Filing Status (Single, Married Filing Jointly, etc.)
- Rules for Claiming Dependents
- Standard Deduction vs. Itemized Deductions
- Introduction to Common Schedules