How to understand 1040SR - Seniors New Simplified Tax Form 1040-SR Explained 2020

How to understand 1040 SR - Seniors New Simplified Tax Form 1040-SR Explained
1040SR is for taxpayers 65 years old or older
New Simplified tax return
1040 SR replaces 1040EZ
https://www.irs.gov/pub/irs-pdf/f1040s.pdf

1-800-Tax-Form Call to get a 1040SR sent to you.

https://www.irs.gov/pub/irs-pdf/f1040s.pdf

1040SR Seniors Tax Return video log:
00:34 First look at 1040SR at IRS.gov
00:50 What is new about 1040SR
01:04 2020 is first year for 1040SR
01:45 Senior must be 65 or older to use 1040SR
02:06 No income test to use 1040sr
02:40 Birthday deadline to use 1040-SR
03:30 Form 1099R
03:23 You do not have to be retired to use 1040SR
03:53 Form 1040sr has no income limit
04:19 Expanded income categories
04:53 1040sr Deductions allowed
05:36 Deduction chart for new 1040sr
06:16 Both Spouses over 65
Please understand that these videos are for EDUCATIONAL purposes only and are very general.. All people and their financial situations are different. So it is important to consult your tax or financial professional.
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Katie St. Ores CFP®, ChFC®, EA, LTC

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Katie St. Ores CFP®, ChFC®, EA, LTC
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Видео How to understand 1040SR - Seniors New Simplified Tax Form 1040-SR Explained 2020 канала Katie St Ores CFP, ChFC, EA