1973 Changes In IRS Tax Forms 1040 and 1040A
The IRS expands eligibility for Form 1040A in 1973 allowing wage earners with any dividend or interest income to file 1040A, removes prior income limits, includes tax payments and excess Social Security tax deductions, and notes limits on deductions and credits. It also details 1040 long form changes, such as dropping Schedule B and changing medical and charitable deduction listings, plus biases toward the Presidential Election Campaign Fund and non taxable income categories.