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Make tax filing simpler

Make tax filing simpler

A 2018 draft Form 1040, which was released recently, is reduced to “postcard” size – two half-pages in length – but it will require filling out more schedules. The new draft is markedly different from the 2017 version of the form. In addition to reflecting changes made by the TCJA, the draft contains far fewer lines than its predecessor does – it eliminates more than 50 lines. However, the reduction in length is countered by the fact that the 2018 draft Form 1040 includes six new accompanying schedules that many taxpayers will have to file.



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