Form 1040-SR, a new tax form for seniors featuring larger print and a standard deduction chart is available with a goal of making it easier for older Americans to read and use, the IRS announced. Taxpayers born before January 2, 1955, have the option to file Form 1040-SR whether they are working, not working or retired. Married people filing a joint return can use the Form 1040-SR regardless of whether one or both spouses are age 65 or older or retired, the IRS stated. The form allows income reporting from other sources common to seniors such as investment income, Social ...
Learn more about Bloomberg Tax or Log In to keep reading:
See Breaking News in Context
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools and resources.