By Darla Mercado at CNBC on August 1, 2019
That postcard-sized tax return is about to get a little longer.
The Internal Revenue Service has posted a draft of a new individual income tax return for 2019, updating the shortened form it had rolled out just last year.
This is the second overhaul of the 1040 form since a revamp of the tax code went into effect at the beginning of 2018.
Following the Tax Cuts and Jobs Act, the Treasury and IRS released the new “postcard” version, replacing forms 1040, 1040A and 1040EZ.
Though the form itself wasn’t quite postcard-sized, it was indeed shorter. But this didn’t necessarily reduce paperwork.
The shortened Form 1040 came with six schedules filers needed to tackle to complete their returns.
The IRS will work with the tax community to finalize its updated 2019 form over the summer, said Bruce I. Friedland, IRS spokesman.
“The changes make it even easier for taxpayers to file their returns,” he said. “The tax form continues to be shorter than the 2017 Form 1040. ”
A Treasury official said the department still considers the 2019 draft of Form 1040 to be postcard-sized, adding that it’s 1.5 inches longer than the 2018 version.