Summary: The Internal Revenue Service has just released a draft of a new federal tax return, which is roughly half the size of the old Form 1040, but not necessarily simpler. The U.S. Treasury Department is calling it “postcard” size, but it’s really half the size of a standard piece of paper, front and back. Previous 1040 forms were two full sides of a page. The new version is 23 lines. Last year’s version was 79 lines.
