1. New Tax Forms – What Changed?
April 4, 2019

2. Theresa Grover Accounting Instructor
Northeast Wisconsin Technical College
Associate Lecturer
University of Wisconsin – Green Bay

3. 2017
Tax Forms

4. New Form 1040

5. Form 1040 – page 1
First page is personal information and dependent information.
Signature for paper filing is also now on first page.

6. Form 1040 – page 2 Schedule 1 Schedule 2 Schedule 3 Schedule 4

7. Form 1040 - Schedule 1 Used to be lines 10 – 14 & 17 – 19 & 21 from
old Form 1040
Bottom part of old Form 1040 – Deductions for AGI

8. Form Schedule 2
Old Form 1040, page 2, lines 45-47

9. Form Schedule 3
Old Form 1040, page 2, lines

10. Form Schedule 4
Old Form 1040, page 2, lines

11. Form Schedule 5
Old Form 1040, page 2, lines 66 & 77-74

12. Form Schedule 6

13. Earnings (wages, salaries, tips, etc.)
Questions about earnings: 2017 return: Form lines box 14 (code A) Schedule K-1, Form return: Form 1040, line 1, Schedule 1, line , Schedule K-1 Box 14 (Code A)

14. Other changes for 2018 No deduction allowed for exemptions
Standard deduction increased
2017
2018*
Married filing jointly/Qualifying widower
$12,700
$24,000
Head of Household
$9,350
$18,000
Single/Married Filing Separately
$6,350
$12,000
* Adjusted partially to make up for exemption deduction being removed

15. Filing Status Single Head of Household Married Filing Jointly
Qualifying Widower
Married Filing Separately
Not married
Provide more than half the cost of keeping up a home for a qualified dependent
Taxpayers who live apart but aren’t legally separated
Claimed for 2 years after spouses death
Legally married
Legally separated under divorce decree
Taxpayers whose spouse dies during the year and didn’t remarry
Must have a dependent child you paid more than half the cost of keeping up a home for
Widowed with no dependents

16. Married Filing Separately
Tax rates are highest for the married filing separately filing status
Some taxpayers choose the married filing separately filing status so that one spouse will not be responsible for the other spouse’s tax liability
Education Credits are disallowed
Earned Income Credit is disallowed

17. Head of Household
Usually applies to unmarried taxpayers, but can apply to “abandoned spouses” who are married, but are treated as unmarried for purposes for filing Head of Household
Abandoned spouse is married and:
Lives apart from his/her spouse for the last half of the tax year, and
Pays over 50% of the household costs where the taxpayer and a dependent son or daughter live.

18. Head of Household (continued)
For unmarried persons, Head of Household filing status requires that either of the following criteria be met:
The taxpayer pays over 50% of the household costs where, for over half of the year, the taxpayers lives with a :
“Qualifying child”, or Dependent relative
The taxpayer pays over 50% of a dependent parent’s household costs. (dependent parent does not have to live with the taxpayer)

19. Questions?