IRS SEMINAR UPDATE
New 1040 SR for Seniors. Similar to the 1040 EZ but without limitations.
Why it’s easier
Many older Americans were previously forced to file the longer, more complicated Form 1040, which takes about twice as long to complete, because they couldn’t meet the requirements for filing.
Requirements
Taxpayers can reach their 65th birthday at any time during the tax year (even December 31) to qualify for using the 1040-SR. The tax form imposes a few other qualifying restrictions in addition to the age rule.
