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  1. Dec 6, 2023 · Items that can be reported on a Form 1040-SR tax return. Since Form 1040-SR is functionally the same as Form 1040, you can report all the same types of income, deductions, credits, and other items that you can on Form 1040. This includes items such as: Wages, salaries, tips, taxable scholarships, and taxable fellowship grants. Tax-exempt interest.

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  2. Jan 21, 2020 · Published January 21, 2020. The Internal Revenue Service's new “U.S. Tax Return for Seniors” could make filing season a bit less taxing for some older taxpayers — provided you qualify to use it. If you or your spouse were born before Jan. 2, 1955, you may be able to use Form 1040-SR instead of the more complicated Form 1040.

  3. 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. Form 1040-SR uses the same schedules and instructions as Form 1040 does.

  4. Mar 7, 2024 · IRS Publication 554: A document published by the Internal Revenue Service (IRS) that provides seniors with information on how to treat retirement income, as well as special deductions and credits ...

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    • Should I file a 1040EZ or 1040 SR?1
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  6. If you cannot use form 1040EZ or Form 1040A, you probably need a Form 1040. You can use the 1040 to report all types of income, deductions, and credits. You may have received a Form 1040A or 1040EZ in the mail because of the return you filed last year. If your situation has changed this year, it may be to your advantage to file a Form 1040 ...

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  7. Mar 4, 2024 · Font Size and Format: One of the most noticeable differences between the 1040 and 1040SR is the font size and format. The 1040SR features larger print and a more straightforward layout, making it easier for seniors to read and complete. Standard Deduction: While both forms allow taxpayers to claim the standard deduction, the 1040SR includes a ...

  8. Sep 25, 2019 · New IRS tax form 1040-SR could simplify federal tax filing for senior Americans. The new tax form, which is intended to be used by tax-filers ages 65 and up, is similar in a lot of ways to the no-longer-in-use 1040EZ, which was a simplified version of the 1040 form most commonly used to report income. Here are the two pages of form 1040-SR.

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