IRS Form 1040-SR "U.S. Tax Return for Seniors"

What Is Form 1040-SR?

IRS Form 1040-SR, U.S. Tax Return for Seniors, is a document for those taxpayers who are 65 years old or older. The purpose of the document is to make the process of filing a federal income tax return easier for seniors - the document features larger print, but contains the standard deduction charts (those used in IRS Form 1040, U.S. Individual Income Tax Return).

Alternate Name:

  • Senior Tax Return Form.

The document is released by the Internal Revenue Service (IRS) and was last updated in 2020. A fillable 1040-SR is available for download through the link below.

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Form 1040-SR Instructions

  1. The first part contains identifying information on the applicant, including:
    • Applicant's filing status. This section offers the applicant to choose their filing status out of the provided options (single, married filing jointly, married filing separately, head of household, or qualified widow or widower);
    • Applicant's name. Here, the applicant must designate their first name, middle initial, and last name;
    • Spouse's name. The applicant's spouse's first name, middle initial, and last name (only if filing jointly);
    • Applicant's Social Security Number. Applicants use this field to state their Social Security Number;
    • Spouse's Social Security Number. Applicants must fill in the gap with their spouse's Social Security Number;
    • Applicant's home address. This part includes building number, street name, apartment number and PO box (if the applicant has one);
    • Information concerning the applicant's and their spouse's age and blindness. It will influence the amount of deduction further in the application;
    • Standard deduction information. The applicant must designate if someone can claim them as a dependent, their spouse as a dependent, or if their spouse itemizes on a separate return or the applicant was a dual-status alien;
    • Information about the applicant's dependents. This is the part of the application where the applicant must list their dependents, their social security numbers, relationships with them, etc.
  2. After entering identifying information, the applicant is supposed to fill in the gaps connected with their financial information. This part of the application contains statements, such as IRA distributions, pensions and annuities, social security benefits, tax-exempt interest, qualified dividends, and many more. The official 1040-SR Form instructions provide explanations on how to fill in each line. For example, in Line 6 (Capital Gain or Loss), the applicant is supposed to designate if they sold a capital asset.
  3. Then taxpayers are supposed to fill out a few more charts. These charts are systematized in a certain way and are supposed to sum up all the financial information reported in the document:
    • Standard Deduction Chart
    • Refund. This section contains a formula which the applicant is supposed to follow to count the amount they wanted to be refunded to them;
    • Amount you owe. To count the amount the applicant owes they should subtract their total tax from their total income. These numbers can be found earlier in the application.
  4. The rest of the form includes sections like third party designee (if the applicant wants to allow another person to discuss their return with the IRS), a place for the applicant's signature, and a section for a paid preparer use only.

1040-SR Related Forms:

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Download IRS Form 1040-SR "U.S. Tax Return for Seniors"

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1040-SR
2020
(99)
Department of the Treasury—Internal Revenue Service
U.S. Tax Return for Seniors
OMB No. 1545-0074
IRS Use Only—Do not write or staple in this space.
Single
Married filing jointly
Married filing separately (MFS)
Filing
Head of household (HOH)
Qualifying widow(er) (QW)
Status
If you checked the MFS box, enter the name of your spouse. If you checked the HOH or QW box, enter the child’s
Check only
name if the qualifying person is a child but not your dependent
one box.
Your social security number
Your first name and middle initial
Last name
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
City, town, or post office. If you have a foreign address, also complete spaces below.
State
ZIP code
$3 to go to this fund.
Checking a box below will
Foreign country name
Foreign province/state/county
Foreign postal code
not change your tax or
refund.
You
Spouse
At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any
financial interest in any virtual currency? . . . . . . . . . . . . . . . . . . . .
Yes
No
You as a dependent
Your spouse as a dependent
Someone can claim:
Standard
Spouse itemizes on a separate return or you were a dual-status alien
Deduction
{
You:
Were born before January 2, 1956
Are blind
Age/Blindness
Spouse:
Was born before January 2, 1956
Is blind
Dependents
(2) Social security number (3) Relationship to
(4)
if qualifies for (see instructions):
you
(1) First name
Last name
(see instructions):
Child tax credit
Credit for other dependents
If more than four
dependents, see
instructions and
check here
1
1
Wages, salaries, tips, etc. Attach Form(s) W-2 . . . . . . . . . . .
Attach
2a Tax-exempt interest
.
2a
b Taxable interest
. .
2b
Schedule B
3a Qualified dividends . .
3a
b Ordinary dividends .
3b
if required.
4a IRA distributions . . .
4a
b Taxable amount . .
4b
5a Pensions and annuities
5a
b Taxable amount . .
5b
6a Social security benefits .
6a
b Taxable amount . .
6b
7
Capital gain or (loss). Attach Schedule D if required. If not required,
check here . . . . . . . . . . . . . . . . . . . . . . .
7
8
8
Other income from Schedule 1, line 9 . . . . . . . . . . . . . . .
9
Add lines 1, 2b, 3b, 4b, 5b, 6b, 7, and 8. This is your total income . .
9
10
Adjustments to income:
a From Schedule 1, line 22
10a
. . . . . . . . . . .
b Charitable contributions if you take the standard
10b
deduction. See instructions
. . . . . . . . . .
c Add lines 10a and 10b. These are your total adjustments to income
10c
11
Subtract line 10c from line 9. This is your adjusted gross income . .
11
1040-SR
For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions.
Form
(2020)
Cat. No. 71930F
1040-SR
2020
(99)
Department of the Treasury—Internal Revenue Service
U.S. Tax Return for Seniors
OMB No. 1545-0074
IRS Use Only—Do not write or staple in this space.
Single
Married filing jointly
Married filing separately (MFS)
Filing
Head of household (HOH)
Qualifying widow(er) (QW)
Status
If you checked the MFS box, enter the name of your spouse. If you checked the HOH or QW box, enter the child’s
Check only
name if the qualifying person is a child but not your dependent
one box.
Your social security number
Your first name and middle initial
Last name
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
City, town, or post office. If you have a foreign address, also complete spaces below.
State
ZIP code
$3 to go to this fund.
Checking a box below will
Foreign country name
Foreign province/state/county
Foreign postal code
not change your tax or
refund.
You
Spouse
At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any
financial interest in any virtual currency? . . . . . . . . . . . . . . . . . . . .
Yes
No
You as a dependent
Your spouse as a dependent
Someone can claim:
Standard
Spouse itemizes on a separate return or you were a dual-status alien
Deduction
{
You:
Were born before January 2, 1956
Are blind
Age/Blindness
Spouse:
Was born before January 2, 1956
Is blind
Dependents
(2) Social security number (3) Relationship to
(4)
if qualifies for (see instructions):
you
(1) First name
Last name
(see instructions):
Child tax credit
Credit for other dependents
If more than four
dependents, see
instructions and
check here
1
1
Wages, salaries, tips, etc. Attach Form(s) W-2 . . . . . . . . . . .
Attach
2a Tax-exempt interest
.
2a
b Taxable interest
. .
2b
Schedule B
3a Qualified dividends . .
3a
b Ordinary dividends .
3b
if required.
4a IRA distributions . . .
4a
b Taxable amount . .
4b
5a Pensions and annuities
5a
b Taxable amount . .
5b
6a Social security benefits .
6a
b Taxable amount . .
6b
7
Capital gain or (loss). Attach Schedule D if required. If not required,
check here . . . . . . . . . . . . . . . . . . . . . . .
7
8
8
Other income from Schedule 1, line 9 . . . . . . . . . . . . . . .
9
Add lines 1, 2b, 3b, 4b, 5b, 6b, 7, and 8. This is your total income . .
9
10
Adjustments to income:
a From Schedule 1, line 22
10a
. . . . . . . . . . .
b Charitable contributions if you take the standard
10b
deduction. See instructions
. . . . . . . . . .
c Add lines 10a and 10b. These are your total adjustments to income
10c
11
Subtract line 10c from line 9. This is your adjusted gross income . .
11
1040-SR
For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions.
Form
(2020)
Cat. No. 71930F
2
Form 1040-SR (2020)
Page
Standard
12
Standard deduction or itemized deductions (from Schedule A) . . .
12
Deduction
13
13
Qualified business income deduction. Attach Form 8995 or Form 8995-A
See Standard
Deduction Chart
14
14
Add lines 12 and 13
. . . . . . . . . . . . . . . . . . . . .
on the last page
of this form.
15
Taxable income. Subtract line 14 from line 11. If zero or less, enter -0- .
15
16
Tax (see instructions). Check if any from:
1
2
3
. . . . . . .
16
Form(s) 8814
Form 4972
17
Amount from Schedule 2, line 3 . . . . . . . . . . . . . . . . .
17
18
18
Add lines 16 and 17
. . . . . . . . . . . . . . . . . . . . .
19
Child tax credit or credit for other dependents . . . . . . . . . . .
19
20
Amount from Schedule 3, line 7 . . . . . . . . . . . . . . . . .
20
21
21
Add lines 19 and 20 . . . . . . . . . . . . . . . . . . . . . .
22
Subtract line 21 from line 18. If zero or less, enter -0- . . . . . . . .
22
23
23
Other taxes, including self-employment tax, from Schedule 2, line 10 . .
24
Add lines 22 and 23. This is your total tax
. . . . . . . . . . .
24
25
Federal income tax withheld from:
a Form(s) W-2 . . . . . . . . . . . . . . . . .
25a
b Form(s) 1099
. . . . . . . . . . . . . . . .
25b
c Other forms (see instructions) . . . . . . . . . .
25c
d Add lines 25a through 25c . . . . . . . . . . . . . . . . . . .
25d
26
2020 estimated tax payments and amount applied from 2019 return . .
26
• If you have
27
27
Earned income credit (EIC) . . . . . . . . . . .
a qualifying
child, attach
28
28
Additional child tax credit. Attach Schedule 8812 . .
Sch. EIC.
• If you have
29
American opportunity credit from Form 8863, line 8 .
29
nontaxable
combat pay,
30
30
Recovery rebate credit. See instructions
. . . . .
see
instructions.
31
Amount from Schedule 3, line 13
. . . . . . . .
31
Add lines 27 through 31. These are your total other payments and
32
refundable credits . . . . . . . . . . . . . . . . . . . . .
32
33
Add lines 25d, 26, and 32. These are your total payments . . . . .
33
1040-SR
Go to www.irs.gov/Form1040SR for instructions and the latest information.
Form
(2020
)
3
Form 1040-SR (2020)
Page
Refund
34
If line 33 is more than line 24, subtract line 24 from line 33. This is the
amount you overpaid . . . . . . . . . . . . . . . . . . . . .
34
35 a Amount of line 34 you want refunded to you. If Form 8888 is attached,
check here . . . . . . . . . . . . . . . . . . . . . . .
35a
b
c
Direct deposit?
Routing number
Type:
Checking
Savings
See
d
instructions.
Account number
36
Amount of line 34 you want applied to your 2021
estimated tax . . . . . . . . . . . . . . .
36
Amount
37
Subtract line 33 from line 24. This is the amount you owe now . . .
37
You Owe
Note: Schedule H and Schedule SE filers, line 37 may not represent all of
For details on
the taxes you owe for 2020. See Schedule 3, line 12e, and its
how to pay,
see
instructions for details.
instructions.
38
Estimated tax penalty (see instructions) . . . . .
38
Third Party
Do you want to allow another person to discuss this return with the IRS? See
Designee
instructions .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
Yes. Complete below.
No
Designee’s
Phone
Personal identification
name
no.
number (PIN)
Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of
Sign
my knowledge and belief, they are true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information
Here
of which preparer has any knowledge.
Date
Your occupation
Your signature
If the IRS sent you an Identity
Protection PIN, enter it here
Joint return?
(see inst.)
See instructions.
Spouse’s signature. If a joint return, both must sign.
Date
Spouse’s occupation
If the IRS sent your spouse an
Keep a copy for
Identity Protection PIN, enter it here
your records.
(see inst.)
Phone no.
Email address
Preparer’s signature
Date
Preparer’s name
PTIN
Check if:
Paid
Self-employed
Preparer
Firm’s name
Phone no.
Use Only
Firm’s EIN
Firm’s address
1040-SR
Go to www.irs.gov/Form1040SR for instructions and the latest information.
Form
(2020
)
4
Form 1040-SR (2020)
Page
Standard Deduction Chart *
Add the number of boxes checked in the “Age/Blindness” section of Standard Deduction on page 1 . . . .
IF your filing
AND the number of
THEN your standard
status is. . .
boxes checked is. . .
deduction is. . .
1
$14,050
Single
2
15,700
1
$26,100
2
27,400
Married
filing jointly
3
28,700
4
30,000
1
$26,100
Qualifying
widow(er)
2
27,400
1
$20,300
Head of
household
2
21,950
1
$13,700
2
15,000
Married filing
separately**
3
16,300
4
17,600
* 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.
** You can check the boxes for your spouse if your filing status is married filing separately and your spouse had no
income, isn’t filing a return, and can’t be claimed as a dependent on another person’s return.
1040-SR
Go to www.irs.gov/Form1040SR for instructions and the latest information.
Form
(2020
)
Page of 4