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1040
The U.S. Individual Income Tax Return form used to report annual income and calculate federal income tax liability.
1099
A series of IRS tax forms used to report various types of non-employee income, such as freelance work, contract labor, or interest earnings.
Capital Gains Tax
Imposed on profits from investments and sale of real estate properties.
Deductions
Amounts subtracted from gross pay, including taxes, insurance premiums, retirement contributions, and other voluntary or mandatory withholdings.
