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Form 1040-SS for Orlando Florida: What You Should Know

Form 1040 is one of the most common tax forms used in all communities and states and has long been the best way to make sure information is accurate. For students preparing for the FAFSA, the Form 1040 is a great starting point, as it provides the most up to date information on where you are (from both the school and the Internal Revenue Service), your income, savings, expenses, and credit information. It also includes your estimated family contribution (18.33 for 2018) and the amount of income tax withheld (4.33 for 2017). For parents, its even more useful. It provides the information required on the FAFSA; however, it doesn't provide the savings amounts. It also doesn't show anything about any income you may have earned through employment. Thus, as soon as there are concerns about your income, it is important to confirm it is as expected on the FAFSA. For those that are self-employed and will be filing for self-assessment, the IRS Form 1040 will provide a solid base to have in place to begin to identify any information that is needed on your return.

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