Form 1040-A also gave taxpayers the opportunity to claim several tax deductions to reduce their taxable income. However, the only deductions they could claim included student loan interest, post-secondary tuition and fees, classroom expenses, and individual retirement account (IRA) contributions. Taxpayers using Form 1040-A could not claim 1040 form meaning itemized deductions. A tax return… Continue reading What Is an Income Tax Return? Definition, How Long to Keep