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1301 N 2nd St
Philadelphia, PA, 19122
United States

215-427-3463

Neighborhood help desk and catalyst for community engagement & action in the South Kensington neighborhood of Philadelphia

The SKCP Blog

Should I Use the New 1040-SR Tax Return Form for Seniors?

South Kensington Community Partners

tax seniors.jpg

Older taxpayers can benefit from bigger type and the prominent deduction chart
John Waggoner, AARP,

If you or your spouse were born before Jan. 2, 1955, you may be able to use Form 1040-SR instead of the more complicated Form 1040. (Note: You don't have to be retired to file the 1040-SR.) The senior tax return form generally follows the familiar 1040, albeit with slightly larger type for older eyes. It also has a chart for calculating your standard deduction — a good way to ensure that taxpayers 65 and older take the larger standard deduction to which they are entitled.

Read more here.