There’s a New Tax Form for Seniors. Here’s How to Use It.
October 16, 2019 by Daisy Maxey
A new federal income-tax form may make filing a bit easier for some seniors this year, particularly those who don’t file electronically.
The new two-page form, known as 1040-SR, uses a bigger font than the standard form 1040, and eliminates shading in boxes to improve readability.
In addition, it includes a chart to help taxpayers calculate their standard deduction, which may help ensure that fewer seniors neglect to take the additional standard deduction to which they are entitled. For 2019, the additional deduction for those 65 or older or the blind is $1,300.
Originally Posted at Barron's on October 12, 2019 by Daisy Maxey.
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