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What is the standard deduction for seniors in 2024?

For 2024, the additional standard deduction amounts for taxpayers who are 65 and older or blind are: $1,950 for Single or Head of Household (increase of $100) $1,550 for married taxpayers or Qualifying Surviving Spouse (increase of $50)

Is Form 1040-SR available?

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.

Are IRS tax forms available?

Get federal tax forms for current and prior years Get the current filing years forms, instructions, and publications for free from the IRS. You can also find printed versions of many forms, instructions, and publications in your community for free at: Libraries. IRS Taxpayer Assistance Centers.

Are 2024 tax forms available yet?

Tax time is here the Internal Revenue Service (IRS) began accepting 2024 tax returns on Monday, Jan. 27, 2025. In the coming weeks, UC employees, former employees and retirees will be able to access forms verifying their 2024 income (Form W-2 and/or 1099) and health coverage (Form 1095).

What is the difference between filing 1040 and 1040SR?

Form 1040-SR is an alternative version of the 1040 form that features a larger print and an easy-to-read standard deduction table. Form 1040-SR can be used by seniors 65 and older filing a paper return. Other than these accommodations, it functions the same as the standard 1040 form.

1040 instructions 2024

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What is the senior tax form for 2024?

No Significant Form 1040-SR changes from 2023 to 2024 Like Form 1040, the 2024 Form 1040-SR is quite similar to the 2023 version. The main change is the update to the Standard Deduction table amounts. Otherwise, the line items on Form 1040-SR mimic the line items on Form 1040.

Get the up-to-date 2024 Form 1040-SR-2025 now