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PLANNING YOURLegacyA guide to providing for your family and supporting the causes you care about.2 |Planning Your Legacy: A Guide To Planning Your Will And TrustContents Why Make An Estate Plan.................................................................................................................................
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Your simple form refers to the IRS Form 1040-SR, designed for seniors to report their income and calculate tax.
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Individuals who typically earn income and are 65 years or older are required to file Form 1040-SR.
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To fill out Form 1040-SR, gather your income statements, standard deduction information, and any credits you qualify for, and follow the form's instructions.
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The purpose of Form 1040-SR is to simplify the tax filing process for seniors and provide a clearer format to report their income and deductions.
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You must report all income, applicable deductions, and any tax credits on Form 1040-SR.
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