Which forms can standard taxpayers use based on their specific tax situations?

Standard taxpayers have the option to use both Form 1040 and Form 1040-SR based on their specific tax situations. Form 1040 is the standard individual income tax return that most taxpayers use. It accommodates a wide range of filing scenarios and income levels, serving as the general form for reporting personal income.

Form 1040-SR is designed specifically for senior taxpayers aged 65 and older. This form offers the same reporting capabilities as the regular Form 1040 but features a larger font and a simpler layout, making it more user-friendly for seniors.

Both forms allow taxpayers to claim standard deductions, report various types of income, and apply for tax credits. Hence, standard taxpayers can choose between these two forms depending on their age and preference, ensuring they can effectively report their tax situations accurately.