@s w wrote:
I do not want to use as a protest...what a waste of tax dollars to make an identical form in larger font with a table for deductions......we are not all blind and we are not all in need of a table instead of reading about it. It is like the government wants to put us in our place old and senile. Give us a label to make us all the same ...
Blame Congress and the Bipartisan Budget Act of 2018 that required the IRS to create a tax form for seniors.
Note that is says "when printed" - when e-filed there is no difference because e-file does not transmit any actual forms, only data to the IRS e-file system and the data is the same either way. [Another Congressional solution looking for a non-problem.]
[quote]
IR-2020-24, January 30, 2020
WASHINGTON ― The Internal Revenue Service wants seniors to know about the availability of a new tax form, Form 1040-SR, featuring larger print and a standard deduction chart with a goal of making it easier for older Americans to read and use.
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.
Taxpayers who electronically file Form 1040-SR may notice the change when they print their return. More than 90% of taxpayers now use tax software to prepare and file their tax return.
https://www.irs.gov/newsroom/new-form-1040-sr-alternative-filing-option-available-for-seniors
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
