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  • Form 1040 (1988)

Get Form 1040 (1988)

31, 1988, or othertax year beginning , 1988, ending , 19 I OMB No. 15450074. Label k Your ... a W-2, see 12 Business income or (loss) (attach Schedule C). 12.

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How to fill out the FORM 1040 (1988) online

Filling out the FORM 1040 (1988) online can simplify the tax filing process for individuals and families. This guide will walk you through each section of the form to ensure you provide accurate and complete information, making it easier for you to meet your tax obligations.

Follow the steps to successfully complete your FORM 1040 (1988) online.

  1. Click ‘Get Form’ button to obtain the form and open it in the editor.
  2. Begin by entering your personal information in the designated fields. This includes your name, address, and social security number. Ensure that the information is accurate as it should match government records.
  3. Proceed to report your income in the relevant sections. Be sure to include all sources of income such as wages, interest, and dividends. Use the provided lines to calculate the total income accurately.
  4. Next, deduct any applicable adjustments to income, such as contributions to pension plans or student loan interest paid. Enter these deductions in the assigned areas.
  5. After calculating your adjusted gross income, move on to the section for tax computation. Follow the instructions to apply the correct tax rates based on your income.
  6. Review the credits available to you. Encourage every user to check if they qualify for tax credits which can reduce the amount they owe.
  7. Finally, when all sections are completed and reviewed, save your changes. You may then download the filled form, print it for your records, or share it securely as needed.

Complete your FORM 1040 (1988) online today for a streamlined filing experience.

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"No, 1040 is not the same as a W-2. W-2 is a form provided by the employer to the employee that states the gross wages in a given year and all the tax withheld and deductions," says Armine Alajian, CPA and founder of the Alajian Group, a company providing accounting services and business management for startups.

The rate declined slightly from 15.34 percent for Tax Year 1997 to 15.28 percent for Tax Year 1998. The average adjusted gross income (less deficit) (AGI) rose to $55,458, an 8.8-percent increase from 1997. Average total income tax increased 8.3 percent to $8,475.

To request either transcript online, go to .IRS.gov and look for our new online tool, Order a Transcript. To order by phone, call 800-908-9946 and follow the prompts in the recorded message.

The average tax rate (total income tax divided by adjusted gross income reported on returns showing a tax) was 13.71 percent for 1989 and 13.81 percent for 1988, compared to 13.67 percent for 1987.

A comparison with Figure A shows that the effective tax rate increases substantially' when the' focus changes from all returns to taxable returns. For 1980, the rate increased from 9.9 percent to 11.8 percent; for 1981, the rate went from 10.3 percent to 11.9 percent [1].

The top individual marginal income tax rate tended to increase over time through the early 1960s, with some additional bumps during war years. The top income tax rate reached above 90% from 1944 through 1963, peaking in 1944 when top taxpayers paid an income tax rate of 94% on their taxable income.

The first tax cut (The Economic Recovery Tax Act of 1981) among other things, cut the highest Personal Income Tax rate from 70% to 50% and the lowest from 14% to 11% and decreased the highest Capital Gains Tax rate from 28% to 20%.

Average tax rates based on the 1979 AGI concept were 13.56 percent for 1985, 13.59 percent for 1986, and 13.49 percent for 1987.

More In Forms and Instructions Form 1040-SR is available as an optional alternative to using Form 1040 for taxpayers who are age 65 or older. Form 1040-SR uses the same schedules and instructions as Form 1040 does.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Help Portal
Legal Resources
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232