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S. 716

Seniors' Tax Simplification Act of 2015

Seniors' Tax Simplification Act of 2015

This bill directs the Internal Revenue Service to make available to taxpayers who have turned age 65 at the close of the taxable year a new federal income tax Form 1040SR (similar to the existing Form 1040EZ). Such taxpayers can use this new form even if their income includes: (1) social security benefits; (2) distributions from qualified retirement plans, annuities, or other such deferred payment arrangements; (3) interest and dividends; or (4) capital gains and losses.

Read twice and referred to the Committee on Finance.

Sen. Rubio, Marco [R-FL](R-FL)Sponsor
5 cosponsors3 D2 R
5cosponsors1committees2actions1related bills2subjects
  1. IntroReferral

    Read twice and referred to the Committee on Finance.

    Finance Committee
  2. IntroReferral10000

    Introduced in Senate

Seniors' Tax Simplification Act of 2015 — Informed