Blank IRS 1040-SR Template

The IRS 1040-SR form is designed specifically for senior taxpayers, allowing individuals aged 65 and older to report their income and claim deductions in a straightforward manner. This form simplifies the filing process by presenting information in a larger font and eliminating certain complexities found in other tax forms. If you're ready to tackle your taxes, fill out the 1040-SR form by clicking the button below.

Article Guide

The IRS 1040-SR form is designed specifically for seniors, simplifying the tax filing process for individuals aged 65 and older. This form offers large print and a straightforward layout, making it more accessible to its users. One of the key features of the 1040-SR is that it allows seniors to benefit from the same deductions and credits available on the standard 1040 form, but with added ease in navigating the information. Taxpayers can report various sources of income, including pensions and Social Security, while still claiming deductions specifically relevant to older adults, such as the standard deduction that is higher for seniors. Moreover, this form includes a section for reporting capital gains and losses, making it convenient for seniors who may be managing investment income alongside their retirement benefits. By focusing on simplicity and clarity, the IRS 1040-SR enhances the experience of filing taxes for seniors, ensuring they can complete their returns with confidence and understanding.

Form Sample

Note: The form, instructions, or publication you are looking

for begins after this coversheet.

Please review the updated information below.

Reporting Excess Deductions on Termination of an Estate or Trust on Forms 1040, 1040-SR, and 1040-NR for Tax Year 2018 and Tax Year 2019

Under Proposed Regulations 113295-18, an excess deduction on termination of an estate or trust allowed in arriving at adjusted gross income (Internal Revenue Code (IRC) section 67(e) expenses) is reported as an adjustment to income on Forms 1040, 1040-SR, and 1040-NR; non-miscellaneous itemized deductions are reported, as applicable, on Schedule A (Form 1040 or 1040-SR) or Schedule A (Form 1040-NR); and miscellaneous itemized deductions are not deductible. Taxpayers may rely on the proposed regulations for tax years of beneficiaries beginning after 2017 and before the final regulations are published.

For tax year 2019, an excess deduction for IRC section 67(e) expenses is reported as a write-in on Schedule 1 (Form 1040 or 1040-SR), Part II, line 22, or Form 1040-NR, line 34. On the dotted line next to line 22 or line 34 (depending on which form is filed), enter the amount of the adjustment and identify it using the code “ED67(e)”. Include the amount of the adjustment in the total amount reported on line 22 or line 34.

For tax year 2018, an excess deduction for IRC section 67(e) expenses is reported as a write-in on Schedule 1 (Form 1040), line 36, or Form 1040-NR, line 34. On the dotted line next to line 36 or line 34, (depending on which form is filed), enter the amount of the adjustment and identify it using the code “ED67(e)”. Include the amount of the adjustment in the total amount reported on line 36 or line 34.

Form

1040-SR U.S. Tax Return for Seniors	(99)
Department of the Treasury—Internal Revenue Service

2019

OMB No. 1545-0074

IRS Use Only—Do not write or staple in this space.

Filing Status

Check only one box.

Single	Married filing jointly	Married filing separately (MFS)
Head of household (HOH)	Qualifying widow(er) (QW)

If you checked the MFS box, enter the name of spouse. If you checked the HOH or QW box, enter the child’s name if the qualifying person is a child but not your dependent.

Your first name and middle initial				Last name					Your social security number

If joint return, spouse’s first name and middle initial				Last name					Spouse’s social security number

Home address (number and street). If you have a P.O. box, see instructions.								Apt. no.	Presidential Election Campaign
									Check here if you, or your spouse if filing
									jointly, want $3 to go to this fund.
City, town or post office, state, and ZIP code. If you have a foreign address, also complete spaces below (see instructions).									jointly, want $3 to go to this fund.
									Checking a box below will not change your
									tax or refund.	You Spouse

Foreign country name					Foreign province/state/county		Foreign postal code		If more than four dependents,
									see inst. and	here

Standard	Someone can claim:		You as a dependent			Your spouse as a dependent
Deduction	Spouse itemizes on a separate return or you were a dual-status alien

Age/Blindness	You:	Were born before January 2, 1955				Are blind
	Spouse:	Was born before January 2, 1955				Is blind

Dependents (see instructions):

(1) First name

Last name

(2)Social security number

(3)Relationship to you

(4) if qualifies for (see inst.):

Child tax credit			Credit for other dependents

1Wages, salaries, tips, etc. Attach Form(s) W-2 . . . . . . . . . . . . .

Attach				2a
Attach	2	a	Tax-exempt interest . .	2a	b Taxable interest . . .
Schedule B
Schedule B	3a		Qualified dividends . . .	3a	b Ordinary dividends . .
if required.	3a		Qualified dividends . . .	3a	b Ordinary dividends . .
	4a		IRA distributions . . . .	4a	b Taxable amount . . .
		c	Pensions and annuities .	4c	d Taxable amount . . .
	5a		Social security benefits . .	5a	b Taxable amount . . .
	6		Capital gain or (loss). Attach Schedule D if required. If not required, check here .
	7a		Other income from Schedule 1, line 9

bAdd lines 1, 2b, 3b, 4b, 4d, 5b, 6, and 7a. This is your total income . . . .

		8a	Adjustments to income from Schedule 1, line 22
Standard		b	Subtract line 8a from line 7b. This is your adjusted gross income . . . .

Deduction		9	Standard deduction or itemized deductions (from Schedule A)	9
See Standard	10		Qualified business income deduction. Attach Form 8995 or Form 8995-A	10
Deduction Chart

below.		11a	Add lines 9 and 10
		b	Taxable income. Subtract line 11a from line 8b. If zero or less, enter -0- . . .

11a

11b

Standard

Deduction

Chart*

Add the number of boxes checked in the “Age/Blindness” section of Standard Deduction . . .

IF your filing	AND the number of	THEN your standard	IF your filing	AND the number of	THEN your standard
status is. . .	boxes checked is. . .	deduction is. . .	status is. . .	boxes checked is. . .	deduction is. . .

Single	1	13,850	Head of	1	20,000
Single	2	15,500	household	2	21,650
	2	15,500	household	2	21,650

Married	1	25,700		1	13,500
filing jointly	2	27,000	Married filing	2	14,800
or	2	27,000	Married filing	2	14,800
or	3	28,300	separately	3	16,100
Qualifying	3	28,300	separately	3	16,100
widow(er)	4	29,600		4	17,400

*Don’t use this chart if someone can claim you (or your spouse if filing jointly) as a dependent, your spouse itemizes on a separate return, or you were a dual-status alien. Instead, see instructions.

For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions.

Cat. No. 71930F

Form 1040-SR (2019)

Page 2

12a Tax (see instructions). Check if any from:

	1	Form(s) 8814 2	Form 4972 3		12a
b	Add Schedule 2, line 3, and line 12a and enter the total .			. . . . . . .		12b
13a	Child tax credit or credit for other dependents				13a
b	Add Schedule 3, line 7, and line 13a and enter the total .			. . . . . . .		13b
14	Subtract line 13b from line 12b. If zero or less, enter -0- .			. . . . . . . .		14
15	Other taxes, including self-employment tax, from Schedule 2, line 10 . . . .					15
16	Add lines 14 and 15. This is your total tax			. . . . . . .		16
17	Federal income tax withheld from Forms W-2 and 1099 .			. . . . . . . .		17

18Other payments and refundable credits:

• If you have

a qualifying

Earned income credit (EIC)

18a

child, attach

Sch. EIC.

Additional child tax credit. Attach Schedule 8812 . . . .

18b

• If you have

nontaxable

American opportunity credit from Form 8863, line 8 . . .

18c

combat pay,

see

Schedule 3, line 14

18d

instructions.

Add lines 18a through 18d. These are your total other payments and refundable credits

18e

Add lines 17 and 18e. These are your total payments . .

. . . . . . .

Refund

If line 19 is more than line 16, subtract line 16 from line 19. This is the amount you overpaid

21a

Amount of line 20 you want refunded to you. If Form 8888 is attached, check here

21a

Direct deposit?

Routing number

c Type:

Checking

Savings

See

Account number

instructions.

Amount of line 20 you want applied to your 2020 estimated tax

Amount

Amount you owe. Subtract line 19 from line 16. For details on how to pay, see instructions

You Owe

Estimated tax penalty (see instructions)

Third Party	Do you want to allow another person (other than your paid preparer) to discuss this return with the IRS? See instructions.
Designee
(Other than	Designee’s	Phone	Personal identification
paid preparer)	name	no.	number (PIN)

Yes. Complete below.

Sign

Here

Joint return? See instructions. Keep a copy for your records.

Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.

Your signature

Date

Your occupation

If the IRS sent you an Identity

Protection PIN, enter it here

(see inst.)

Spouse’s signature. If a joint return, both must sign.

Date

Spouse’s occupation

If the IRS sent your spouse an

Identity Protection PIN, enter it here

(see inst.)

Phone no.

Email address

Paid	Preparer’s name	Preparer’s signature	Date	PTIN		Check if:
Paid						3rd Party Designee
Preparer						Self-employed
Use Only	Firm’s name				Phone no.
	Firm’s address				Firm’s EIN
Go to www.irs.gov/Form1040SR for instructions and the latest information.						Form 1040-SR (2019)

⇩ PDF

Document Specifications

Fact Name	Description
Who Can Use It	The IRS 1040-SR form is designed for seniors aged 65 and older, providing a simplified tax filing experience.
Standard Deduction	Taxpayers using Form 1040-SR can claim a higher standard deduction, providing greater financial relief.
Visual Layout	This form features larger print and a straightforward layout, making it easier for seniors to read and fill out.
Retirement Income	Form 1040-SR allows for the reporting of various types of retirement income, including pensions and Social Security benefits.
State-Specific Forms	Many states have their own forms similar to 1040-SR; for example, California's form is governed by the Revenue and Taxation Code.
Filing Deadline	The filing deadline for the IRS 1040-SR is generally April 15, unless an extension is requested.

Steps to Filling Out IRS 1040-SR

After receiving your IRS 1040-SR form, it's time to get started on filling it out. To make the process smoother, gather all your necessary financial documents, including income statements, deduction receipts, and any relevant tax information. Follow these steps to ensure your form is completed accurately.

Personal Information: At the top of the form, provide your name, address, and Social Security number. If you’re filing jointly, include your spouse’s information as well.
Filing Status: Indicate your filing status, whether you’re single, married filing jointly, married filing separately, head of household, or qualifying widow(er).
Dependents: List any dependents you’re claiming. Include their names, Social Security numbers, and relationships to you.
Income Section: Report all your income sources. Fill in information for wages, pensions, interest, dividends, and any other income you may have earned. Ensure totals are accurate and prompt.
Deductions: Enter any deductions you’re eligible for. Common deductions include those for elderly or disabled individuals, as well as deductions for medical expenses or charitable contributions.
Tax Computation: Based on your income and deductions, calculate your total tax. Use the IRS tax tables provided in the instructions to find the appropriate amount.
Payments: Document any payments you’ve already made, including withholding and estimated tax payments.
Refund or Amount Due: Determine if you’re owed a refund or if you owe additional tax. Make sure to double-check your calculations.
Signature: Finally, sign and date the form. If filing jointly, your spouse must also sign the form.

Once you’ve completed the form, review everything carefully for accuracy. Then, submit your tax return to the IRS by the deadline. If you owe taxes, include payment options or arrange for home owing through the IRS. Ensure to keep a copy for your records.

More About IRS 1040-SR

What is the IRS 1040-SR form?

The IRS 1040-SR form is a simplified tax return designed specifically for seniors, particularly those aged 65 and older. It showcases larger print and provides a straightforward layout, making it easier for older taxpayers to read and fill out their returns. This form allows for reporting income, claiming deductions, and taking tax credits, much like the standard 1040 form.

Who is eligible to use the 1040-SR?

Any taxpayer aged 65 or older can use the 1040-SR form. It's available whether you're filing as a single individual or jointly with your spouse. This form is especially beneficial for seniors who may prefer a simpler option that reduces the complexity of tax filing.

What are the key features of the 1040-SR?

The 1040-SR includes several user-friendly features. Notably, it comes with larger text for better readability and allows for the direct reporting of income and deductions. Additionally, it includes a standard deduction table for seniors, which provides clear guidance on the amounts eligible for deduction without going through complex calculations.

Can I claim dependents on the 1040-SR?

Yes, you can claim dependents on the 1040-SR form if you meet the requirements for doing so. This means you can still receive certain tax credits and deductions based on your dependents, similar to what you would be able to do with the regular 1040 form.

Are there any specific benefits or credits available to seniors using the 1040-SR?

Absolutely! Seniors using the 1040-SR form may be eligible for tax benefits such as the additional standard deduction for those 65 and older. Moreover, tax credits like the Credit for the Elderly or the Disabled can also be claimed, providing potential savings on your tax bill.

How does the standard deduction compare on the 1040-SR?

The standard deduction for seniors on the 1040-SR form is higher than for younger taxpayers. For the tax year 2023, the standard deduction for individuals aged 65 and older is an extra amount added to the base standard deduction. This adjustment helps lessen the taxable income for seniors, which can result in a lower tax liability.

Can I file electronically using the 1040-SR?

Yes, you can file the 1040-SR electronically. Many tax software programs and online tax services support this form, making filing easier and faster. Electronic filing also helps ensure that you receive your tax refund more quickly.

Where can I obtain the 1040-SR form?

You can obtain the 1040-SR form from the IRS website, where you can download it for free. Additionally, many tax preparation offices and libraries have physical copies available. If you prefer, you can also request a printed version to be mailed to you by contacting the IRS directly.

Common mistakes

Skipping Important Sections: Taxpayers often overlook critical sections of the form. Every line matters, and missing information can lead to delays or errors in processing.
Incorrect Social Security Numbers: Mistakes in entering Social Security numbers can result in significant issues. Ensure that all numbers are accurate and match official documentation.
Not Reporting All Income: Individuals sometimes forget to report all forms of income, including interest, dividends, and self-employment earnings. Every bit of income must be accounted for to avoid penalties.
Mathematical Errors: Simple arithmetic mistakes can lead to complications. Double-check all calculations to ensure accuracy. Consider using a calculator if necessary.
Incorrect Filing Status: Choosing the wrong filing status can impact tax rates and deductions. Review the options carefully to select the most beneficial status.
Missing Signatures: Forgetting to sign the form is a common oversight. Remember that a signed form is legally valid, and failing to sign it can delay processing.
Not Attaching Required Documents: Essential supporting documents, such as W-2 forms or 1099s, must be attached when filing. Missing documents can result in a request for additional information.
Filing After the Deadline: Procrastination can lead to penalties. It’s crucial to file the IRS 1040-SR form by the deadline to avoid financial repercussions.

Documents used along the form

The IRS 1040-SR form is designed specifically for senior taxpayers who are 65 years or older. Yet, completing this form often requires additional documents to ensure accurate reporting of income and deductions. Below is a list of commonly used forms and documents, each serving a unique purpose during the tax filing process.

W-2 Form: This form reports an employee's annual wages and the taxes withheld from their paycheck. Employers send this to their employees and the IRS.
1099-MISC Form: If you have received income as an independent contractor, this form details your earnings for the year. It helps you report self-employment income, which is not included on a W-2.
1099-INT Form: This form reports interest income earned on savings accounts and other interest-bearing investments. Banks and financial institutions issue it to you as well as the IRS.
Schedule A: If you are itemizing deductions instead of taking the standard deduction, this form allows you to list eligible expenses, such as mortgage interest and property taxes.
Schedule B: This form is required if you have interest or ordinary dividends exceeding $1,500. It provides detailed information about your investment earnings.
Schedule D: Taxpayers must use this form to report capital gains and losses from the sale of stocks or other investments, helping to ensure proper tax treatment.
Schedule C: If you are self-employed, this form allows you to report income and expenses related to your business, contributing to your overall tax liabilities.
Form 8889: This document is for individuals who have a Health Savings Account (HSA). It helps determine deductions and any taxes owed on HSA distributions.
Form 8862: If you are reclaiming the Earned Income Tax Credit (EITC) after being disqualified in prior years, this form allows you to prove eligibility to receive the credit again.
Form 1040-ES: Used for estimated tax payments, this form assists those who earn income throughout the year and need to pay taxes in quarterly installments.

Gathering the right forms and documents will streamline your tax filing process and ensure accuracy. While preparing these documents can feel overwhelming, taking it step by step will make it manageable. Each piece contributes significantly to your overall tax picture, supporting a clear and concise tax return submission.

Similar forms

The IRS 1040 form is the standard individual income tax return used by most taxpayers in the United States. It allows individuals to report their income, claim deductions, and calculate their tax liability. Like the 1040-SR, the 1040 includes sections for reporting a variety of income types, such as wages, dividends, and retirement distributions. While the 1040-SR is designed specifically for seniors, the 1040 is applicable to all age groups, maintaining similar structures for income and deductions across both forms.

The IRS 1040-A form, while phased out in 2018, served as a simpler version of the 1040 for taxpayers with certain income limits. It allowed taxpayers to report wages and incomes but restricted certain deductions and credits. The 1040-SR mirrors this simplicity by providing an easily readable format, catering to those aged 65 and older. Both forms facilitated a streamlined process for reporting income and claiming standard deductions, emphasizing accessibility for different demographics.

The IRS 1040-EZ was another simplified version of the tax return specifically aimed at those with straightforward tax situations. Although it is no longer used, it had fewer fields for income reporting and deductions. The 1040-SR shares this straightforward approach, particularly beneficial for retirees who may have less complicated financial situations. The clear layout and larger text in the 1040-SR assist seniors in navigating the form more effectively.

The Form 1099 series documents, including the 1099-INT and 1099-DIV, report income from dividends and interest, among other taxable income types. While these forms do not serve as tax returns, they provide critical information needed for completing the 1040-SR and other tax forms. Taxpayers use the information from their 1099 forms to report their total income accurately on the 1040-SR, making these documents integral to the overall tax reporting process.

Schedule A (Form 1040) is used for itemizing deductions. Many seniors may benefit from itemizing deductions related to medical expenses or mortgage interest on their tax return. The 1040-SR allows taxpayers to include Schedule A as an attachment, offering flexibility to maximize deductions. Similar to the traditional 1040, the 1040-SR accommodates both standard and itemized deductions, giving seniors choices aligned with their financial situations.

Tax Form 8862, which is used to claim the Earned Income Credit after it has been denied, plays a distinct but related role to the 1040-SR. While most seniors do not qualify for this credit, should they need to reapply, they must submit Form 8862 alongside their main return. The 1040-SR can facilitate the inclusion of this form, providing a comprehensive filing approach for seniors whose tax situations change over time.

The Form 8880 is used to claim a credit for qualified retirement savings contributions. While primarily beneficial to non-seniors, its availability can be relevant for older taxpayers who contribute to retirement accounts. This form can be submitted alongside the 1040-SR to potentially reduce tax liability. The integration of tax credits and deductions is consistent across forms, enhancing incentives for retirement savings regardless of the taxpayer's age.

Dos and Don'ts

When filling out the IRS 1040-SR form, it’s essential to approach the process with attention and care. Here are six important tips to keep in mind:

Do read the instructions thoroughly. Understanding the guidelines can save you time and potential errors.
Don't rush through the form. Take your time to accurately enter all necessary information to avoid mistakes.
Do double-check your math. A simple calculation error could lead to underpayment or an overpayment.
Don't forget to sign and date your form. An unsigned form can delay processing and refunds.
Do keep copies of everything. Saving a copy of your completed form helps in future reference and for your records.
Don't ignore the filing deadline. Late submissions can incur penalties and interest charges.

By following these do's and don'ts, you can navigate the 1040-SR form with greater confidence and accuracy. Take a deep breath and approach your filing with a clear mind. You're on the right path.

Misconceptions

The IRS 1040-SR form is specifically designed for seniors, but there are several misconceptions about it. Here are eight points to clarify:

Only seniors can use 1040-SR. While it is tailored for those aged 65 and older, anyone can use a different form, like the standard 1040.
The 1040-SR is more complex than the regular 1040. In fact, it is simplified and includes larger text, making it easier to read.
File 1040-SR only if you are retired. You can file it even if you have income from employment. Retirement status is not a requirement.
There are no deductions available with 1040-SR. Just like the regular 1040, you can still claim deductions and credits.
1040-SR is only for taxpayers with simple tax situations. It accommodates various situations, including those with qualified dividends and capital gains.
The form is not available for e-filing. This is incorrect; you can e-file the 1040-SR with many tax software programs.
Your income threshold is lower for 1040-SR. The income thresholds for filing are the same as for the 1040, not lower.
1040-SR is a new form and not widely accepted. The form has been in use since 2019 and is recognized among tax professionals and agencies.

Understanding these misconceptions can help seniors choose the most appropriate tax form for their needs.

Key takeaways

The IRS 1040-SR form is designed specifically for seniors, making it easier for them to file their taxes. Here are some key takeaways to keep in mind when filling out and using this form:

Eligibility: The 1040-SR is available to taxpayers aged 65 and older. It combines the benefits of the traditional 1040 with a larger font for better readability.
Standard Deduction: Seniors can benefit from a higher standard deduction amount. It is important to ensure you take this into account when calculating your taxable income.
Income Sources: Use this form for a variety of income types, including pensions, Social Security, and interest income. Make sure to report all income accurately.
Simple Reporting: The 1040-SR form is easier to fill out for those with straightforward tax situations. If your financial situation is complex, you might consider consulting a tax professional.
Tax Credits: Take advantage of any tax credits for which you may qualify. These can help reduce your tax liability and may enhance your refund.
Filing Options: You can file the 1040-SR electronically or by mail. E-filing is often faster and more secure, offering a quicker turnaround for refunds.
Record Keeping: Keep all necessary documents and records for at least three years in case you are audited or need to reference them in the future.
Additional Considerations: If you are married, the form allows you to file jointly or separately. Consider which option may provide the best tax advantage for your circumstances.

Understanding these aspects of the IRS 1040-SR form can help seniors navigate their tax responsibilities more easily and ensure they claim all eligible benefits.