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William Perez

New Schedule L for Standard Deductions

By , About.com GuideOctober 27, 2009

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The IRS has released a new tax form, Schedule L, Standard Deduction for Certain Filers (2 pages including instructions, pdf) for use with 2009 tax returns. Taxpayers may need to use this form if they are claiming various additions to their standard deduction, such as the additional standard deduction for property taxes or the new car sales tax deduction. Schedule L can be attached either to the long Form 1040 or the shorter Form 1040A.

Comments
March 23, 2010 at 11:09 am
(1) Angie says:

Thank you for providing a clear and simple explanation about what this is. My tax prep software generated this form and I have been trying to figure out what it is and why I didn’t have to file it last year. Appreciate the help!

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