Heard on the Hill
1040SR On the Horizon for Seniors?
The editors at ThinkAdvisor.com report that those attaining age 65 may be able to use a simplified federal income tax return–1040SR– beginning with the 2019 tax year. Introduced via the The Bipartisan Budget Act of 2018, the new form is intended to resemble the 1040EZ, and would be available to filers “even if they have to report Social Security benefits, distributions from annuities or retirement plans, interest or dividend payments, or capital gains and losses, according to the BBA text.” Read the ThinkAdvisor post here…
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