| Schedule | Purpose | |----------|---------| | Schedule 1 | Additional income (gambling, hobby) or adjustments (HSA, self-employed SEP) | | Schedule 2 | Additional taxes (AMT, excess Social Security tax) | | Schedule 3 | Nonrefundable credits (education, foreign tax credit) | | Schedule A | Itemized deductions (medical expenses, mortgage interest, charitable gifts) – often beneficial for seniors with high medical costs | | Schedule B | Interest and dividend income over $1,500 | | Schedule D | Capital gains/losses (stocks, real estate sales) | | Schedule R | Credit for the Elderly or Disabled |
: You (or your spouse, if filing jointly) must be age 65 or older by the end of the tax year. irs form 1040-sr instructions
You can use Form 1040-SR if: