Tax Forms 2024

Broad City image via Giphy.com

Another new tax year has arrived. And once again, it comes in on the heels of a year in which we didn't see any major changes to the Internal Revenue Code.

Does that mean we won't see tax form changes in 2024? No. Taxes and the forms we use to report them or claim tax breaks are always tweaked to reflect the needs of the current filing season.

To try to keep track of these changes, the ol' blog is continuing an annual special page dedicated to tax forms. This feature is now in its fifth year, evolving (like Internal Revenue Service paperwork) from Tax Form Tuesday in 2020 to 2021's Tax Forms Fiesta! in 2021 to Talking Tax Forms in 2022 to last year's even more concise Tax Forms 2023.

Following the if it ain't broke, don't fix it mantra, I'm sticking with 2023's basic description and page name for 2024, as I hinted I would on the 2023 forms page.

Also the same is what you'll find on Tax Form 2024: posts that mention, and sometimes focus on, IRS forms you might run across while filing your annual return or meeting other tax responsibilities.

Some are documents you have to complete. Others are the statements (or forms) that you'll get to help you file your return.

While I'm filling out this new Tax Forms 2024 page, which still has the GIF of Broad City star Ilana Glazer because she's brilliant and it works, you can always peruse the forms that were featured in prior year tax form pages mentioned (and linked) earlier.

Now to 2024's featured forms.

Standard vs. itemized: choosing the tax deduction method that's best for you (Form 1040, U.S. Individual Income Tax Return | Jan. 5, 2024)
IRS Direct File pilot available this filing season in 12 states (Form W-2, Wage and Tax Statement; Form SSA-1099, Social Security income; Form RRB-1099, Railroad Retirement income; 1099-G, unemployment compensation; and 1099-INT, interest income | Jan. 9, 2024)
Don't miss the Tuesday, Jan. 16, estimated tax deadline (Form 1040-ES, estimated tax payment voucher | Jan. 11, 2024)
Free File 2024 is open, with 8 companies offering no-cost tax return prep and e-filing (Free File Fillable Forms as part of IRS Free File program | Jan. 12, 2024)
IRS delays processing of some business tax forms (Business tax Forms 3468, 3800, 7207, 7210, 8835, 8933, and 8936 Schedule A | Jan. 14, 2024)
Tax statements you need to file your 2023 return (Many, many, many tax statements issued to taxpayers, primarily in January | Jan. 16, 2024)
Do you have to file a tax return? Probably (Form 1040, Individual Tax return, and instructions; Schedule SE, Self-Employment Tax; Schedule H, Household Employment Taxes; IRS Publication 17, Your Federal Income Tax; and IRS Publication 501, Dependents, Standard Deduction, and Filing Information | Jan. 17, 2024)
IRS offers guidance on how to answer the tax return digital assets question (Forms 1040, 1040-SR, 1040-NR, 1041, 1065, 1120, and 1120-S | Jan. 22, 2024)
Record ACA enrollment means more premium tax credit claims (Form 8962, Premium Tax Credit; Form 1095-A, Health Insurance Marketplace Statement | Jan. 25, 2024)
Don't overlook the EITC, a valuable refundable tax credit that often goes unclaimed (Schedule EIC, Earned Income Credit | Jan. 26, 2024)
9 ways to make tax filing easier (Form 1099-K, Payment Card and Third Party Network Transactions; Form 4868, Extension to File | Jan. 28, 2024)
Congressional tax law tinkering and other reasons why you should wait to file your return (Form W-2; Form 1040-X; Form 1099-NEC | Jan. 30, 2024)
8 reasons to file a federal tax return, even if the IRS doesn't require it (Form 8962, Premium Tax Credit; myriad 1099 forms | Feb. 6, 2024)
Confused by Form 1099-K? Check out IRS' updated FAQs (Form 1099-K, Payment Card and Third Party Network Transactions | Feb. 10, 2024)
Where is your tax refund? IRS tracking tool aims to answer annual query (Form 1040 | Feb. 12, 2024)
COVID task force PPP investigation results in 2 more convictions (Form 941, Employer's Quarterly Federal Tax Return | Feb. 16, 2024)
Non-filing millionaires are latest IRS targets (IRS CP59 notice, no record of filed return; Form 15103, Form 1040 Return Delinquency | March 1, 2024)
Don't fall for Form 1099-K myths this tax filing season (Form 1099-K, Payment Card and Third Party Network Transactions | March 6, 2024)
Got kids? Let Uncle Sam help pay for their care via a tax credit (Form 2441, Child and Dependent Care Credit | March 19, 2024)
No fooling around if you're facing an April 1 RMD deadline (RMD Uniform Lifetime Table III, Appendix B, IRS Publication 590 | March 28, 2024)
Maximizing your Schedule A itemized tax deductions (Form 1040 Schedule A | March 26, 2024)
Don't overlook these 24 tax deductions that don't require itemizing (Form 1040 Schedule 1 | March 27, 2024)
April 15 is Estimated Tax Day, too Form 1040-ES (Form 1040-ES, Estimated Tax | April 11, 2024)
Can't finish your taxes? File for an extension instead (Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return | April 14, 2024)
Tax records to keep, and for how long (Form 1040, Individual Income Tax Return; Form 4506, Request for a Copy of Tax Return; Form 4506-T, Request for Transcript of Tax Return; Form 4506T-EZ, Short Form Request for Individual Tax Return Transcript | April 18, 2024)
You have options if you can't pay your tax bill in full (Form 433-F, Collection Information Statements; Form 656 to submit an offer in compromise | April 24, 2024)
IRS unveils draft 1099-DA for future digital asset transaction reporting (Form 1099-DA, Digital Asset Proceeds from Broker Transactions (draft); Form 1040 Schedule 1; 1099 forms | April 28, 2024)
10 tips to help you deal with an IRS tax notice (IRS notices and letters | May 7, 2024)
The Presidential Election Campaign Fund: useful or useless? (Form 1040, Individual Income Tax Return | June 8, 2024)
A mini tax primer for students with summer jobs (Form W-4, Employee's Withholding Allowance Certificate; Form 4070, Employee's Report of Tips to Employer, available in Publication 1244 | June 10, 2024)
Childcare tax credits for both employers and working parents (Form 8882, Credit for Employer-Provided Childcare Facilities and Services; Form 3800, General Business Credit | June 12, 2024)
IRS Whistleblower Office awards more than doubled in FY23, but it still faces substantial backlog (Form 211, Application for Award for Original Information, with the Whistleblower Office | June 30, 2024)
Tax scam improperly uses clean energy tax credit purchases (Form 14242, Report Suspected Abusive Tax Promotions or Preparers | July 3, 2024)
IRS warns of fake Self Employment Tax Credit claims touted on social media (Form 7202, Credits for Sick Leave and Family Leave for Certain Self-Employed Individuals | July 15, 2024)
IRS virtual currency tax compliance enforcement can be improved, says agency watchdog (Form 1099-DA, Digital Asset Proceeds from Broker Transactions (draft); 1099 forms | July 19, 2024)
IRS’ latest moves enable more digital taxpayer interactions (Forms 940, 941, 943 and 945, including the Spanish version of Forms 941 and 943; Form 13533, VITA/TCE Partner Sponsor Agreement; Form 13533-A, FSA Remote Sponsor Agreement; Form 14039-B, Business Identity Theft Affidavit; Form 12508, Questionnaire for Non-Requesting Spouse; Form 14157-A, Tax Return Preparer Fraud or Misconduct Affidavits | July 30, 2024)
Attention educational shoppers: Teachers can claim $300 in out-of-pocket classroom expenses (Form 1040 Schedule 1, Adjustments to Income | Aug. 6, 2024)
Some Social Security recipients owe tax on federal retirement benefits (Form SSA-1099, Social Security Benefit Statement; Form W-4V, Voluntary Withholding Request | Aug. 14, 2024)
EV tax breaks available for new, used vehicles…for now (Form 8936, Qualified Plug-in Electric Drive Motor Vehicle Credit (Including Qualified Two-Wheeled Plug-in Electric Vehicles) | Aug. 21, 2024)
W-2 reporting changes under SECURE 2.0 (Form W-2, Wage and Tax Statement; Form W-2 C, Corrected Wage and Tax Statement; Forms W-2AS, W-2GU, and W-2VI; Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. | Aug. 29, 2024)
Crowdfunding tax consequences for organizers and recipients (Form 1099-K, Payment Card and Third Party Network Transactions | Aug. 30, 2024)

And if you want more info on other forms not featured here, check out the ol' blog's Forms category. It will show Tax Forms 2024 entries (and the prior year's collections), as well as other tax documents that I've posted about over the years, with the newest post first. Just keep scrolling.

Today's Tax Tip

Later estimated tax deadline delayed for disaster-area filers — Sept. 16 is the deadline for most estimated tax payers to make 2024's third payment, but not all. Those who live in a location where tax relief has been granted because of a major disaster get more time. That’s the case 19 states and 2 U.S. territories. Some now have a Nov. 1 due date. Others have until Feb. 3, 2025, to meet their estimated and other tax obligations. (Sept. 13, 2024)
The 2024 Tax Tips offer ways to file your annual return, along with post-filing advice, important tax news and, of course, ways to cut your current tax year bill. You'll find the monthly assemblages on their own respective pages: January, February, March, April, May, June, July, August, September, October, November and December. Remember, tax tasks and tips don't stop after you file your annual return!

All About Kay

OK, some about Kay

Kay Bell — Native Texan
(the blog title totally makes sense now, right?). Professional journalist. Tax geek.
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Tax Season 2024 continues!

We made it. Tax Day 2024 is finally over. For most of us. An estimated 19 million taxpayers got an extension to file their 2023 tax year return. That's fine.
In fact, the Internal Revenue Service appreciates some of us spreading out our filings. It gives the agency time to process the surge of returns
that came in on April 15.

But enough about Uncle Sam's tax collector and its issues. The focus now is on all y'all who filed for extensions, giving you another six months to complete your return. Let's get started on meeting that new Oct. 15 deadline. It will be here before you know it.

The monthly tips and reminders a little further down this column can help you finish up your Form 1040. There also will be tax tidbits each month that make sure you meet other tax deadlines. And, of course, you'll find advice on ways to cut your still adding up 2024 tax bill.

Finally, keep an eye on the countdown clock below. It will help you track yet more days tick, tick, ticking off toward that absolutely final fall filing due date.
Note: I'm in the Central Time Zone, so adjust accordingly for where you live.

Time for Tax Tasks

🍁 Hello 🍁 September 🍁
🍂 Fall 🍂 is 🍂 here! 🍂

OK, fall’s not here yet, at least not here in Texas according to still quite-warm temperatures. But forecasters say cooler weather — like highs in the 80s; yes, everything, especially weather, is relative — is on its way, and that meteorological promise gives up hope.

via GIPHY

As we get ready for the promised bit of chill, September also is a great month to make some cool tax moves, like those listed below. So, grab a sweater (or not yet), and let's go!
Sept. 1: Today is Meteorological Fall, the three months from Sept. 1 through Nov. 30 when days get shorter and cooler, but not cold. It's also the start of the annual National Preparedness Month. This year’s theme is “Start a Conversation,” since it's important to talk with your loved ones about potential emergencies. It's also critical to be prepared, as the Atlantic and Gulf of Mexico hurricane season usually peaks in September.

We’ve already had three tropical systems do enough damage to prompt Federal Emergency Management Agency (FEMA) major disaster declarations. The 2024 tropical storm season’s second named storm, Hurricane Beryl, landed as “just” a category 1 on the Texas coast, but still took 38 souls and left Lone Star State residents facing an estimated $30 billion in damages.

Hurricane Debby made two U.S. landfalls, in the Big Bend area of Florida and then again in South Carolina before moving up the Eastern Seaboard, producing disaster declarations all the way up to Vermont. Tropical Storm Ernesto, followed, slamming the U.S. territories of Puerto Rico and the U.S. Virgin Islands, as well as spawning deadly rip tides along East Coast beaches as the storm moved toward Bermuda.

And, coinciding with Meteorological Fall, we’ve still got three months of the 2024 hurricane season to go!

That has coastal residents on edge, since Uncle Sam's official forecasters at the National Oceanic and Atmospheric Administration (NOAA) Climate Prediction Center say we could get 17 to 25 total named storms, which are those with winds of 39 mph or higher. Of those, eight to 13 are forecast to become hurricanes, meaning winds of 74 mph or higher. Four to seven becoming major hurricanes; that’s category 3, 4 or 5, with winds of 111 mph or higher.

Regardless of the count, it only takes one to wreck your world. If you haven’t already, get ready for not just tropical systems, but whatever dangerous weather that’s common where you live. The countdown clock above can help you keep track of how many more days you have to worry about tracking any size or type of tropical storms. You also might want to check out the ol' blog's special Storm Warnings collection of special pages with posts offer tax advice on preparing for, recovering from, and helping those who sustain damages from the many ways that that weather goes wild.

Sept. 2: Happy Labor Day! This annual celebration of workers' contributions is a federal holiday and day off for many.

When you get back to work after this three day holiday, take a few minutes to check the federal tax amount that’s coming out of your paychecks. If you need to adjust your withholding so that you have the most accurate amount of taxes withheld, now is the time to do that. Submitting a new W-4 early this month will mean any changes are spread over the last four months of the year, making any impact less noticeable.

Sept. 3: If you live in Auglaize, Crawford, Darke, Delaware, Hancock, Licking, Logan, Mercer, Miami, Richland, or Union counties in Ohio, today is your Tax Day. The Internal Revenue Service granted individual and businesses in those counties tax relief since they were declared major disaster areas following a tornado outbreak in March.

Sept. 10: Do you work as a server at a restaurant or at any other establishment where gratuities from customers are part of your compensation? I hope you get all the tips you deserve for doing your job well. Remember, though, that those tips are taxable income.

Whether you're dining at your favorite eatery or getting food delivered to your home, if a tip isn't included on your restaurant or delivery bill, click the image above to calculate how much to tip the person who brought it to you.

And if you got at least $20 in gratuities in August for your extraordinary services as a food server or hair stylist or parking valet or whatever job where tipping is common, you must report that amount by today. Use Form 4070 to let your employer know the total tips you took in last month.

Sept. 16: Today is the deadline to pay your third installment of estimated taxes. This tax is due on income that’s not subject to withholding, such as investment earnings or contract work. Most estimated tax filers make the payments four times a year. The September payment is for such earnings received in June, July, and August. It’s usually on the 15th, but since that was Sunday, the deadline is pushed to the next business day — today!

Sept. 23: Sept. 22: The Autumnal Equinox arrives today at 8:44 a.m. Eastern Daylight Time in the Northern Hemisphere, marking the first day of Fall for all us who don't follow the meteorological fall calendar. Adjust for your time zone, since the equinox occurs at the same moment worldwide. It's also a go-to day to think about home maintenance that will help you weather the coming colder weather. The Inflation Relief Act includes extension of older and addition of new energy-related tax breaks, including some for residential energy improvements.

Sept. 30: Wow! Where did September go? That’s a good question to ask if you got an extension to file your 2023 tax return earlier this year. The last day of this ninth month means that your absolutely final Oct. 15 due day is another month closer. So you might want to get to work on that Form 1040 now. The easiest way to do do is to use tax software and electronically file.

If your adjusted gross income is $79,000 or less, you should check into Free File, the no-cost online tax preparation and electronic filing program offered by the IRS and its Free File Alliance partners. It’s open through the Oct. 15 extension deadline. This year, eight tax software companies offer programs to qualifying taxpayers.

Note that the Free File $79,000 or less income threshold applies to all filing statuses. If your income is too high, you still can file for free by using Free File's Free Forms option.

Small Business Tax Calendar: Important filing, deposit and record keeping dates throughout the year that your company needs to know. You can get more tax calendar information at the IRS' online calendar page and view the full year's important business and individual tax dates in IRS Pub. 509.

State Tax Help

Don't forget your state taxes!
Forty-three states and D.C. collect personal income taxes. But even if you live in of the seven states without an income levy, you still face other state (and local) taxes.

State Tax Departments provides links to your state's Web page. The companion page, Tax Tidbits, is the compilation of blurbs about each state's tax laws. And for more state tax news, check out all our state tax bloggings.

Tax Forms

Thanks to our increased use of tax preparers and computer software, many of us don't see our tax forms until we sign and file them. But knowing what's on these documents, either in paper or digital form, and why the IRS wants it is key to understanding our tax system. And knowledge definitely is power, especially when it comes to tax savings. Find this valuable information in the ol' blog's special Tax Forms 2024 page.

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Tax Reading Room
You also might enjoy these other tax tips from some of my tax-writing colleagues:
J.K. Lasser 2024 Taxes
Taxes for Dummies 2024
Tax Savvy for Small Business

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I gotta tell ya ...

AKA Disclaimer:

I am a professional journalist who has been covering tax issues since 1999. I am not a professional tax preparer.

The content on Don't Mess With Taxes is my personal interpretation and opinion based on my study and understanding of tax laws, policies, and regulations. It is provided for your private, noncommercial, educational, and informational purposes only. While I work to ensure each post's accuracy, the items are not recommendations of any specific tax action(s) you should or should not take. Similarly, mentions of commercial tax products or services are not endorsements.

In other words, my ramblings on the ol' tax blog are free advice, and you know what they say about getting what you pay for. That's why when it is time for you to file your own taxes, I urge you to get additional, professional, paid-for guidance from an accountant, Enrolled Agent, or other reputable, qualified tax preparer who is familiar with your individual tax circumstances.

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COVID-19 & Taxes

Coronavirus has wreaked havoc
on the 2020 and 2021 tax seasons.
These five Coronavirus (COVID-19) and Taxes pages have details:
March-July 2020
August-December 2020
January-December 2021
January-December 2022
…and so it continues into 2023
…and, alas, into 2024
You can find medical coronavirus resource links in the next section.

COVID-19 Resources

Need help finding a coronavirus vaccine in the United States?
Call 1-800-232-0233
or TTY 1-888-720-7489.
More information and resources at:
CDC Vaccines
CDC Booster Shots
HHS Combat COVID
USA.Gov COVID Info

September 2024

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Photo by Kay Bell
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Tell it to the Hill

While it's easy to rail at the IRS, for the most part we can thank — or blame — Congress and the White House for our tax laws. So if you have an issue with tax legislation or want a tax bill passed, you need to let your federal legislators and the White House occupant know of your concerns. You can find out who in Washington, D.C., to contact (and how), as well as get information on your local lawmakers for matters, tax or otherwise, closer to home, at USA Gov.

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