Schedule 1 (Form 1040)

Schedule 1 (Form 1040) is a tax form used in the United States to report additional income and adjustments that are not listed directly on the main Form 1040. This includes income from sources like self-employment, unemployment benefits, or rental properties, as well as adjustments to income such as student loan interest or educator expenses. Taxpayers complete Schedule 1 to ensure all their taxable income and allowable deductions are accurately accounted for, which helps determine their total tax liability or refund. The information from Schedule 1 is then summarized on Form 1040.