"Form 1040-SR is a good option for those ages 65 and over," says Mark Steber, chief tax officer at Jackson Hewitt Tax Service, headquartered in Jersey City, New Jersey. If you were born before Jan ...

In this week's Ask the Editor Q&A, we answer tax questions from readers on the new $6,000 deduction for taxpayers 65 and ...

Schedule 1 is used to report income or adjustments to income that can't be entered directly on the front page of form 1040. ... Form 1040-SR. For 2020, if you were born before January 2, ...

Seniors can use Form 1040-SR to file their 2019 federal income tax return, which is due April 15, 2020. All lines and checkboxes on Form 1040-SR mirror the Form 1040, and both forms use all the ...

Individuals who claim certain deductions have to complete and include a Schedule 1 form with the 1040. ... years old or older also have the option to use the 1040-SR form. Is a 1040 the same as a ...

The IRS has created a new form that is easier to read and use for seniors. Form 1040-SR has larger print and includes a standard deduction chart. It uses the same schedules, forms, and ...

You'll have to include a separate schedule, but you don't lose eligibility for using the 1040-SR as your main tax return. Does it really matter? If you compare the new Form 1040-SR to last year's ...

The two-page form, known as 1040-SR, uses a bigger font than the standard 1040 form, has more spacing and is better at contrasting colors. Taxpayers who turn 65 on or before Jan. 1, 2020, can use ...

On August 18, 2020, the IRS released the draft Form 1040 for the 2020 tax year. As you can see in the snippet below, the controversial virtual currency question (At any time during 2019, did you ...

The IRS added Schedule 1 to the Form 1040 last tax season as a way to shorten the main Form 1040 in line with the Tax Cuts and Jobs Act. This past tax season it had six numbered Schedules 1-6 ...

The new Form 1040 is one page with just 23 lines, but for many taxpayers, the challenge will be Schedules 1 through 6 Latest U.S.