What is Form 1040-SR?
Simplified US tax return for taxpayers age 65 and older with larger print and a standard deduction chart.
Definition
Form 1040-SR, U.S. Tax Return for Seniors, is an alternative to the standard Form 1040 designed for taxpayers who are 65 or older by the end of the tax year. It features larger font, a built-in standard deduction chart, and is otherwise functionally identical to Form 1040. Seniors living abroad as US expats can use this form while claiming the Foreign Earned Income Exclusion or Foreign Tax Credit.
Who Needs to Know This?
US citizens and resident aliens who are 65 or older by the end of the tax year, including senior expats living abroad.
Key Deadline
April 15 (same extensions as Form 1040)
Potential Penalties
Same penalties as Form 1040
Related Forms
Common Mistakes to Avoid
- 1Not realizing the higher standard deduction for seniors
- 2Missing the additional standard deduction for being 65+
- 3Not filing when Social Security is the only income source
- 4Overlooking senior-specific tax credits
Related Terms
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