Child Tax Credit (CTC) Student loan interest deduction Taxable qualified retirement plan distributions Examples of situations not included in a simple Form 1040 return: Itemized deductions claimed on Schedule A, like charitable contributions, medical expenses, mortgage interest and state and local tax de...
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such as tax preparers oraccountants. Nearly all individual taxpayers useForm 1040: U.S. Individual Tax Return Definition, Types, and UseorForm 1040-SR: Tax Return for Seniors. In 2023, the IRS received 162.0
Form 1040-SR was first proposed in 2013 as part of the Seniors Tax Simplification Act. It was supported by many organizations, but it didn't win the approval of the Senate at that time.1 However, on Feb. 9, 2018, the Bipartisan Budget Act (BBA) was signed into law by President Donal...