Schedule 1

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Updated Jan 29, 2025
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Schedule 1 is a tax document used to report additional income and adjustments to income on a federal tax return. This form is particularly useful for individuals with self-employment income, capital gains, student loan interest deductions, or other tax adjustments. Create your Schedule 1 template on Lawrina and download a complete PDF document to your device.
Choose your type of this legal template.
Document Types
Form 1040
This form helps U.S. taxpayers report income and determine taxes owed or refunds.
267 downloads
Form 1040-C
This form reports income and settles taxes for departing U.S. residents or nonresidents.
188 downloads
Form 1040-ES
This form helps taxpayers calculate and pay estimated taxes on income not subject to withholding.
194 downloads
Form 1040-NR
This form helps nonresident aliens report U.S.-sourced income and calculate taxes owed or refunds.
213 downloads
Form 1040-SR
This form helps taxpayers 65+ report income and calculate taxes or refunds.
299 downloads
Form 1040-V
This form helps U.S. taxpayers submit payments for their federal income taxes accurately.
187 downloads
Form 1040-X
This form allows to amend income tax returns and correct errors or omissions.
213 downloads
Schedule 2
This form is used by taxpayers to report additional taxes and ensure accurate filing.
170 downloads
Schedule 3
This form is used by taxpayers to claim credits and reduce their tax liability.
170 downloads
Schedule 8812
This form ensures the calculation and verification of credits for qualifying children and dependents.
120 downloads
Schedule A
This form is used by taxpayers to itemize deductions and report eligible expenses on their tax return.
171 downloads
Schedule B
This tax form is used to report interest and dividend income for tax purposes.
175 downloads
Schedule C
This form reports business income and expenses to calculate net profit or loss.
232 downloads
Schedule D
This document is used to report capital gains and losses from the sale of assets.
173 downloads
Schedule E
This document is used to report supplemental income from rentals, royalties, and partnerships.
165 downloads
Schedule EIC
This form verifies eligibility for the Earned Income Credit by detailing qualifying children.
117 downloads
Schedule F
This document is used to report farm income and expenses for tax filing.
166 downloads
Schedule H
This form reports household employment taxes for individuals who employ domestic workers.
160 downloads
Schedule J
This form ensures the calculation and application of income averaging for farmers and fishermen.
118 downloads
Schedule R
This form ensures the verification of eligibility for the Credit for the Elderly or the Disabled.
123 downloads
Schedule SE
This form ensures accurate calculation of self-employment taxes for Social Security and Medicare.
119 downloads
Schedule 1

Schedule 1 for form 1040 is an additional form used to report certain types of income and adjustments to income that aren't directly noted on the standard form 1040. 

When Is a Schedule 1 Used?

Schedule 1 tax form is not for everyone. It must be completed by individuals with additional income or adjustments — those whose financial circumstances extend beyond the basics. 

For instance, freelancers, landlords, and even teachers with classroom expense deductions might file an IRS Schedule 1. Remember that if your financial situation doesn't include these elements, Schedule 1 forms are likely unnecessary.

The due date for Schedule 1 2025 is the same as the due date for your main tax report. This usually means that the due date is April 15th every year. 

Parties Involved

  1. Taxpayer;

  2. IRS;

  3. Tax preparer (optional).

Key Terms

  • Additional income. Income types that are not immediately seen on form 1040, e.g., rental income.
  • Adjustments to income. Deductions allowing you to lower your taxable income.
  • Form 1040. The primary document for filing an individual federal income tax return.
  • IRS. Internal Revenue Service. The federal body in charge of tax collection.

Elements of a Schedule 1

A Schedule 1 1040 includes:

  • Part I — Additional Income. Lists entries for alimony received, business income, etc.
  • Part II — Adjustments To Income. Schedule 1 form provides a place for entries like student loan interest, self-employment tax deduction, etc.

How To Create a Schedule 1?

Creating a form 1040 Schedule 1 can be accomplished digitally or manually. Here’s a step-by-step Schedule 1 process:

  1. Gather Your Documents. Assemble documentation for any additional income or adjustments.

  2. Download Schedule 1 PDF. Obtain the schedule 1 form 1040 from the IRS website or Lawrina.

  3. Fill Out the Form. Enter information on incomes and deductions as per Schedule 1 instructions.

  4. Review Your Entries. Double-check for accuracy, ensuring all tax IDs and figures are correct.

  5. Submit Together. Attach your completed Schedule 1 with your form 1040 for submission.

For those who find dealing with tax forms overwhelming, Lawrina can offer assistance. It provides tools to fill out forms like Schedule 1 IRS digitally, making it a hassle-free experience.