IRS Announces Postcard-Sized Tax Form

IRS Announces Postcard-Sized Tax Form

 

The Treasury Department and IRS announced plans for a postcard-sized tax form on Friday, fulfilling a GOP promise.

The IRS said the new Form 1040 is about half the size of the current version and would replace it, as well as Form 1040A and Form 1040EZ. According to the IRS, taxpayers with straightforward tax situations should only need to file the new form without having to deal with other forms.

The IRS will finalize the form over the summer.

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