Form 1040-SR
Form 1040-SR
U.S. Tax Return for Seniors
Every line is explained below in plain English — click any line to see what it means, who needs to fill it in, and what people commonly overlook.
Income
- 1a W-2 Wages, Salaries, Tips The total wages, salaries, and tips from all W-2 forms you received during the year.
- 2b Taxable Interest All interest income the IRS considers taxable -- from bank accounts, CDs, Treasury bonds, and loans you made to others.
- 3b Ordinary Dividends The total ordinary dividends reported to you on all 1099-DIV forms for the year.
- 4a IRA Distributions (Gross) The total gross amount withdrawn from all traditional, Roth, SEP, and SIMPLE IRAs during the year.
- 4b IRA Distributions (Taxable) The taxable portion of your IRA distributions. For traditional IRAs funded entirely with deductible contributions, the full distribution is taxable.
- 5a Pensions and Annuities (Gross) The total gross distributions from pensions, annuities, profit-sharing plans, and employer retirement plans like 401(k)s and 403(b)s. This is Box 1 from...
- 5b Pensions and Annuities (Taxable) The taxable portion of your pension and annuity distributions.
- 6a Social Security Benefits (Gross) The total Social Security benefits you received during the year, from Box 5 of Form SSA-1099.
- 6b Social Security Benefits (Taxable) The taxable portion of your Social Security benefits. Not all Social Security income is taxed.
- 7 Capital Gain or Loss Your net capital gain or loss from selling stocks, bonds, mutual funds, real estate, or other capital assets.
- 9 Total Income The sum of all income lines on page 1 of Form 1040-SR: wages (line 1z), interest (lines 2a-2b), dividends (lines 3a-3b), IRA distributions (line 4b),...
Adjusted Gross Income
Deductions & Taxable Income
Tax & Credits
Payments & Refund
- 25a Federal Income Tax Withheld from W-2 Federal income tax withheld from your wages, as shown in Box 2 of all your W-2 forms. This is only the withholding from W-2s.
- 33 Total Payments The sum of all payments and refundable credits: federal tax withheld (lines 25a-25d), estimated tax payments (line 26), earned income credit (line 27),...
- 35a Refund The portion of your overpayment (line 34) you want refunded to you.
- 37 Amount You Owe The amount your total tax (line 24) exceeds your total payments (line 33). This is the balance due to the IRS.