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?

I recommend that you do not be lazy and go through the effort of compiling your itemized deductions. Your efforts may be greatly rewarded!

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 ...

To unlock the most lucrative tax ... Deduction Worksheet on page 90 of the Form 1040 and 1040-SR instructions can help you ...

“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 ... advantageous for them to claim the ...