Form 1040 Page 1 Income Calculator
Calculate qualifying income from W-2 wages, alimony, pensions, unemployment, and Social Security using standard underwriting guidelines.
Upload Form 1040
Upload Page 1 of an IRS Form 1040 to auto-fill fields. Upload one per tax year (max 2).
Income Averaging Policy
If two years are provided and the most recent year exceeds the prior year, the average of both years is divided by 24 months. Otherwise, only the most recent year is divided by 12 months.
W-2 Wage Income (Line 1)
Enter W-2 wages for up to 4 employers. Use taxable wages from Box 1 of each W-2.
| Employer | Year 1 (Most Recent) | Year 2 (Prior) |
|---|---|---|
| Employer 1 | ||
| Employer 2 | ||
| Employer 3 | ||
| Employer 4 |
Alimony Received (Line 2a)
Alimony received under divorce agreements executed before 2019.
| Description | Year 1 (Most Recent) | Year 2 (Prior) |
|---|---|---|
| Alimony Received |
Pension/Annuity Distributions (Lines 4a-5b)
Enter IRA distributions and pension/annuity amounts. Use taxable amounts for qualification.
| Source | Line | Year 1 (Most Recent) | Year 2 (Prior) |
|---|---|---|---|
| Pension 1 - IRA Distributions | 4a/4b | ||
| Pension 1 - Pensions/Annuities | 5a/5b | ||
| Pension 2 - IRA Distributions | 4a/4b | ||
| Pension 2 - Pensions/Annuities | 5a/5b | ||
| Pension 3 - IRA Distributions | 4a/4b | ||
| Pension 3 - Pensions/Annuities | 5a/5b |
Unemployment Compensation (Line 7)
Unemployment compensation is generally not usable for qualification unless documented as seasonal employment.
| Description | Year 1 (Most Recent) | Year 2 (Prior) |
|---|---|---|
| Unemployment Compensation |
Social Security Benefits (Line 6a/6b)
Enter Social Security benefits. Use the gross amount (6a) unless tax-exempt grossing up is needed.
| Description | Year 1 (Most Recent) | Year 2 (Prior) |
|---|---|---|
| Social Security Benefits |