Irs Drafts Tax Return For Seniors Updates 1040 For 2019

Irs Drafts Tax Return For Seniors Updates 1040 For 2019
Photo Credit: Asleep on the Job by Alex E. Proimos is licensed under Flickr CC BY-NC 2.0
The Internal Revenue Service has posted a draft version of a new tax return for senior citizens, as well as a new draft version of the Form 1040 for 2019 that taxpayers and practitioners will be filing next year.

The draft version of the brand new Form 1040-SR, U.S. Tax Return for Seniors, was mandated by the Bipartisan Budget Act of 2018, according to Kiplinger’s.  Among the changes are larger font sizes and the removal of the shading around some of the boxes to improve contrast for taxpayers with declining vision.

The draft form also includes a Standard Deduction Chart instructing taxpayers to “add the number of boxes checked in the 'Age/Blindness' section of Standard Deduction.”

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