1040 Form Schedule L

Business, Legal & Accounting Glossary

Definition: 1040 Form Schedule L


1040 Form Schedule L


Full Definition of 1040 Form Schedule L


Standard Deduction for Certain Filers. This form is used by individual taxpayers if they have paid state or local real estate taxes during the year, if they have incurred a net disaster loss, or if they have paid state or local sales or excise taxes (or certain other taxes or fees in a state without a sales tax) for the purchase of any new motor vehicle. This is referred to as Schedule L.


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1040 Form Schedule L. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 30, 2021 https://payrollheaven.com/define/1040-form-schedule-l/.
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1040 Form Schedule L. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/1040-form-schedule-l/ (accessed: November 30, 2021).
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1040 Form Schedule L. PayrollHeaven.com. Retrieved November 30, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/1040-form-schedule-l/

Definition Sources


Definitions for 1040 Form Schedule L are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 13th November, 2021 | 0 Views.