The New York Times: The New Tax Form Is Postcard-Size, but More Complicated Than Ever
The Trump administration's new "postcard" tax form still must be mailed in an envelope, unless you want your neighbors to see your Social Security number. It will save a little bit of time for some taxpayers but could add pages more paperwork for millions of others.
A draft copy of the new version of the standard 1040 income tax form, obtained by The New York Times, shows the administration has succeeded in its goal of shrinking the form that most Americans send to the Internal Revenue Service every year. The new form eliminates more than half of the 78 line items from the previous form, reducing it from two full pages of text to one double-sided half page.
Check out the old form and the draft new form:
Smaller is not necessarily simpler. The new form omits a variety of popular deductions, including those for student loan interest and teaching supplies, forcing taxpayers to search for them — and tally them up — on one of six accompanying worksheets.