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Savvy Senior; January 2, 2020

IRS Introduces a Tax Form Created for Older Taxpayers

 

January 2, 2020



Dear Savvy Senior,

A couple months back I read that the IRS will be offering a new senior-friendly tax form this tax season that will be easier to use. What can you tell me about this?

Paper Filer

Dear Filer,

It’s true. The Internal Revenue Service (IRS) has created a new federal income-tax form specifically designed for senior taxpayers, age 65 and older, that should make filing a little easier this year, particularly those who don’t file electronically. Here’s what you should know.

Form 1040-SR

Created by the 2018 Bipartisan Budget Act, the new two-page simplified federal inco...



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