- At least one taxpayer needs to be 65.
They don't have to be retired.
They also must use the standard deduction rather than itemize.
The 1040-SR form is a result of the Bipartisan Budget Act that was signed into law on February 9, 2018. It was designed to provide seniors a simpler tax return than the 1040 yet include Social Security and Pension/Annuity Income on the return (unlike the former 1040EZ form).
The 1040-SR still allows taxpayers to claim Earned Income Credit, Child Tax Credit, and Qualified Business Income Deductions.
To view the 1040-SR, please click here.