taxes

What are schedules?

 

What are schedules?

The Bankrate.com financial term of the day is: "schedules."

If you want to make your train or flight on time, you've got to check the schedule. In a similar fashion, you use schedules so you won't miss the boat with your taxes. The Internal Revenue Service forms for reporting various types of income, deductions or credits are called schedules. Schedule A, for example, is the form you use for figuring your itemized deductions.

Schedules are the various forms you attach to your 1040 to explain to the IRS where some of your numbers came from.

For answers to all of your tax questions, visit the Taxes section at Bankrate.com.

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