Looking ahead to your 2025 taxes and wondering about standard tax deduction amounts for each filing status? Here's what's ...

Tax forms 1040 and 1040-SR are nearly identical ... Form 1040-SR includes a table for standard deductions, simplifying the process for seniors who are not itemizing deductions.

It also has a chart designed to help senior taxpayers calculate their standard deductions ... Earned Income Tax Credit. What is the difference between Forms 1040 and 1040-SR?

Because tax laws change often, Form 1040 might have subtle differences from year to year. Form 1040 is the main form that taxpayers use, but there are others, like Form 1040-SR, available (though ...

The 1040 tax form ... Form 1040-SR.Those 65 and older can use this form. It’s optional but has larger print and a chart designed to help taxpayers calculate their standard deductions.

“Remember, we pay tax on worldwide income unless there is something specifically in the tax code that doesn’t include it.” Form 1040-SR is relatively new. "It's available for use for those ...