Form 1040-SR
Form 1040-SR is a simplified tax form designed for seniors aged 65 and older. It allows eligible taxpayers to report their income, claim deductions, and calculate their tax liability in a straightforward manner. The form features larger print and a more user-friendly layout, making it easier for older individuals to read and complete.
This form is similar to the standard Form 1040 but includes specific provisions for seniors, such as the ability to report certain types of retirement income. Seniors can also take advantage of additional deductions and credits available to them, ensuring they receive the tax benefits they deserve.