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Page Last Reviewed or Updated: 29-Dec-2023. Information about Form 1040-SR, U.S. Tax Return for Seniors, including recent updates, related forms and instructions on how to file. Form 1040-SR is available as an optional alternative to using Form 1040 for taxpayers who are age 65 or older.
U.S. Tax Return for Seniors. 2023. OMB No. 1545-0074. IRS Use Only—Do not write or staple in this space. For the year Jan. 1–Dec. 31, 2023, or other tax year beginning , 2023, ending , 20. See separate instructions. Your first name and middle initial. Last name. Your social security number.
Dec 6, 2023 · Key Takeaways. Form 1040-SR is a large-print version of Form 1040 that is designed for taxpayers who fill out their tax return by hand rather than online. A standard deduction table is printed right on the form for easy reference. You need to be 65 or older to use Form 1040-SR.
Mar 7, 2024 · Form 1040-SR is a larger-type tax return that taxpayers over 65 can use to file their taxes, available since 2018. It highlights tax benefits for those who are age 65 or older.
Feb 19, 2020 · The 1040-SR points out the increased standard deduction available to taxpayers age 65 and older. The short, two-page form has senior-friendly features including larger font and bigger...
Standard deduction amount increased. For 2023, the standard deduction amount has been increased for all filers. The amounts are: Single or Married filing separately—$13,850. Married filing jointly or Qualifying surviving spouse—$27,700. Head of household—$20,800. Alternative minimum tax exemption increased.
Jan 11, 2023 · Updated on January 11, 2023. Reviewed by. Ebony J. Howard. Fact checked by Hilarey Gould. View All. Photo: Katleho Seisa / Getty Images. Definition. IRS Form 1040-SR is a version of the 1040 tax return that's been created specifically for use by adults over the age of 65. Learn whether and when you need to file it.
