Get Irs 1040 - Schedule A 2016

Filling out the IRS 1040 - Schedule A can be a straightforward process if you have the right guidance. This form is used to report itemized deductions and can help reduce your taxable income, potentially leading to a lower tax bill.

Follow the steps to successfully complete your Schedule A online.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin by entering your name as it appears on your Form 1040 at the top of Schedule A. This ensures that your deductions are accurately applied to your tax return.
3. In the Medical and dental expenses section, input your total medical expenses on line 1. Remember, do not include any reimbursed expenses.
4. For line 2, enter the amount from Form 1040, line 38. Next, calculate line 3 by multiplying the amount from line 2 by 10% (or 7.5% if applicable) and input that amount.
5. Subtract the value in line 3 from line 1 on line 4. If line 3 exceeds line 1, then enter -0-.
6. Move to the Taxes you paid section. Choose between state and local income taxes or general sales taxes on line 5 by checking only one box.
7. Continue filling in line 6 with your real estate taxes, line 7 with personal property taxes, and list any other taxes on line 8.
8. Total your taxes from lines 5 through 8 and input that number on line 9.
9. For interest you paid, enter home mortgage interest on lines 10 and 11 based on the Form 1098 provided to you. Follow the instructions for any special cases.
10. In the Gifts to charity section, record your contributions on lines 16 and 17, noting any gifts over $250 and ensuring that you include required attachments.
11. If applicable, add your total deduction amounts from the cash/check gifts and other contributions, and input that on line 19.
12. For Casualty and theft losses, input any eligible losses on line 20 and attach Form 4684 as required.
13. Complete Job expenses on line 21 if applicable, entering unreimbursed employee expenses and attaching Forms 2106 or 2106-EZ as needed.
14. Finish the miscellaneous deductions section on lines 22 through 28 by entering tax preparation fees and other deductible expenses.
15. After completing all sections, sum the total itemized deductions and record this amount on line 29. If you check for limitations as necessary, follow the instructions given.
16. Finally, save changes, download, print, or share the completed form as you need.

Start completing your IRS 1040 - Schedule A online today to maximize your deductions.