How to prepare your 2023 Form 1040 SR Tax Return Line by Line Instructions

Teaches how to prepare your 2023 Form 1040 SR Tax Return Line by Line Instructions. CPA prepared.
Link to Form 1040-SR with Itemized Deductions:
• How to prepare your 20...
Link to Form 1040-SR with taxable Social Security calculation:
• How to prepare your 20...
Link to: Do Seniors qualify for the Earned Income credit?
• Do Seniors qualify for...
Link to where and when to file your tax return:
• WHERE & WHEN TO FILE Y...

[@cakelady1142]

This didn't include a mention that if one has Qualified Dividends (line 3a) that they might be eligible for a reduced tax rate. There is a worksheet in the instruction booklet that they can use in most situations to figure taxes and it usually does amount to much less tax due. I hope this video will be revised to include this, because it has saved me hundreds of $$ over the last few years. A very helpful IRS agent alerted me to look into this. Although in the instructions, I might've easily missed it.

[@cakelady1142]

One other note missed on this was that this form helps to make seniors who don't itemize aware that they likely qualify for an addition to the usual standard deduction:
"For 2023, the additional standard deduction amounts for taxpayers who are 65 and older or blind are: $1,850 for Single or Head of Household (increase of $100) $1,500 for married taxpayers or Qualifying Surviving Spouse (increase of $100)"

[@brendabrock1375]

Is this in all states?