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Eligible taxpayers can use Form 1040-SR whether they plan to itemize or take the standard deduction. Taxpayers who itemize deductions can file Form 1040-SR with a Schedule A, Itemized Deductions, when filing their return.
Eligible taxpayers can use Form 1040-SR whether they plan to itemize or take the standard deduction. Taxpayers who itemize deductions can file Form 1040-SR with a Schedule A, Itemized Deductions, when filing their return.
More In Forms and Instructions Form 1040-SR is available as an optional alternative to using Form 1040 for taxpayers who are age 65 or older.
The standard deduction chart on Form 1040-SR is useful for seniors because it lists the bigger standard deductions people 65 and older are eligible to claim. Plus, it's in an easier-to-read format. The regular 1040 lists only the standard deductions non-seniors can claim in smaller text.
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.
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For the 2021 tax year, the standard deduction for single taxpayers and married people filing separately is $12,550. For couples filing jointly, it is $25,100. For heads of households, it is $18,800.
The Bipartisan Budget Act of 2018 required the IRS to create a tax form for seniors. Taxpayers age 65 or older now have the option to use Form 1040-SR, U.S. Tax Return for Seniors. Form 1040-SR, when printed, features larger font and better readability.
For the 2021 tax year, the standard deduction for single taxpayers and married people filing separately is $12,550. For couples filing jointly, it is $25,100. For heads of households, it is $18,800.
Form 1040-SR is a tax return designed specifically to meet the needs of older adults. Taxpayers must be at least age 65 to use Form 1040-SR, with one exception. Only one spouse must be age 65 or older if they're filing a joint married return.
Form 1040 and Form 1040-SR are now the standard forms used by taxpayers, whether or not they itemize deductions. Form 1040 was revised and simplified and Form 1040-SR was introduced with the Bipartisan Budget Act of 2018.

2022 sr 1040