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Schedule B Form

Schedule B Form

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Instructions and help about 2019 1040 schedule b

the 2019 filing season is upon us before the IRS begins accepting returns on January 27th 2020 we wanted to take this opportunity to share with you some changes that were made to the form 1040 since last year standard deductions for all filers have increased single or married filing separately filers are now taking a standard deduction of twelve thousand two hundred dollars the deduction for married filing joint is double that at twenty four thousand four hundred dollars if you file head of household your standard deduction for the 2019 tax filing year will be eighteen thousand three hundred and fifty dollars there are additional increases for taxpayers that are age 65 or older or legally blind the new form 1040 SR is a simplified tax form for seniors who have uncomplicated finances form 1040 SR allows an individual to report income from wages salaries tips and other income sources such as taxable interest ordinary dividends iar distributions pensions and annuities Social Security bene

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