IRS Releases draft of new simplified new form 1040-SR for Seniors for the 2020 Tax Season

Posted on October 1, 2019December 6, 2019Categories Articles

If you are 65 or older (or turn 65 any time in 2019), you will have the option to use a new simple tax form for seniors, known as the 1040SR, when you file your 2019 taxes in April 2020. The IRS has released a draft of the new simplified tax individual income tax form, Form 1040-SR. The draft of the Form 1040-SR is two pages long. It allows seniors of any filing status to use the form. It also allows senior … Continue reading “IRS Releases draft of new simplified new form 1040-SR for Seniors for the 2020 Tax Season”