Rep. Kristi Noem today visited the Primrose Retirement Facility in Sioux Falls to discuss legislation she recently cosponsored that would simplify tax filing requirements for senior citizens.
The Seniors’ Tax Simplification Act of 2013 (H.R. 38) would replace current tax filing procedures that create unnecessary paperwork for senior citizens. Currently, taxpayers over the age of 65 are prohibited from using the one-page 1040EZ form which doesn’t include a line for pension and Social Security income. The bill would create a new 1040SR form, much like the 1040EZ to allow for easier filing when including income from Social Security benefits, investments, retirement plans, annuities and capital gains and interest.
“The current tax filing procedure for senior citizens is just too much of a hassle,” stated Noem. “With the April 15th tax deadline around the corner, we need to make it easier for taxpayers over the age of 65 to file their taxes without all of the extra forms and complications. This legislation would simplify the process and create a new form to include Social Security and retirement benefits.”
Noem added that she supports comprehensive tax reform to make filing taxes easier for all taxpayers, but starting with this common-sense reform for seniors is a good place to begin.