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Video instructions and help with filling out and completing Form Instruction 1040 Line 20a & 20b
Instructions and Help about Form Instruction 1040 Line 20a & 20b
Hey what's up family it is your favorite uncle cousin Tyrone Gregory the self-employed tax go back edit again but today's video I am going to be talking about the all-new 1040 you know 2022 is just a couple of days away and speaking of them and if I don't hear from you or speak to you between now and next year let me wish you your family your business a very prosperous new year 2022 should be the year to break in the dough okay that is what I want you to do in 2022 but I just want to come to you today real quick honor I don't want to be before you long I just want to talk about this new 1040 right so as some of you may know Ana may not have known back in September of 2022 there was this big talk about tax reform and how we're going to be able to file our taxes on a postcard and things like that and then in December the President signed the the new tax reform bill right the tax cuts and Jobs Act well not surprisingly they actually kept their promise we now have a new 1040 and it's not quite postcard side i mama show it to you here in a second but it is definitely not quite the postcard size and there are a few things I want you to be aware of and then the first thing is is to be aware of this if you file using software if you file using the tax preparer or something like that you really should not see any differences you really should not see any type of noticeable difference or changes in what you file you'll still be able to put the same information and get hopefully the same exact results now for those of you who are the DIY and you really like to be hands-on and you want to see the changes and I was going to affect you that's what this video really is just so you can be aware of the new 1040 nothing will throw you off guard nothing will shock you because uncle cousin is bringing it to you right now so let's go ahead and take a look at the new 1040 all right so here we are the new 1040 for 2022 this is the one that is going to be used to file your tax return starting January 1st 2022 and that doesn't mean that you'll be able to file January 1st as a matter of fact as the recording of this video we have no idea when the IRS is going to be opening for efile so definitely keep that in mind as there may be a delay as to win you can file your tax return but in any case here it is the new 1040 let's take a look at it and this is what I mean by not so.