Seniors will soon have their own IRS tax form – CBS News

If you are one of the millions of procrastinating filers whose 2018 federal income tax return is due today and you happen to be over 65, you may welcome a new tax form being introduced by the IRS for 2019.

The new Form 1040-SR should allow seniors to file taxes without benefit of an accountant.A published draft of the new form has lines for specific retirement income streams, such as Social Security benefits, IRA distributions, pensions and annuities.It also uses large print and removes shading around boxes that some older tax filers complained about.

Source: Seniors will soon have their own IRS tax form – CBS News

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