turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Should I amend our filing for 2025, married filing jointly with total B income of $245956.00? I think we would qualify for the $12000.00 credit.

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies

Should I amend our filing for 2025, married filing jointly with total B income of $245956.00? I think we would qualify for the $12000.00 credit.

Can you clarify?  What is total B income?  Schedule B for interest and dividends?  What do you need to add to amend your return?  

 

And you should  have automatically received the $12,000 Senior Deduction.  Check your return line 13b.

 

SS 6000 1040.jpg

Should I amend our filing for 2025, married filing jointly with total B income of $245956.00? I think we would qualify for the $12000.00 credit.

Is that your AGI  $245,956?  That is almost the max of 250,000.  You  would only get $485.

 

zSS245.jpg

 

 

Should I amend our filing for 2025, married filing jointly with total B income of $245956.00? I think we would qualify for the $12000.00 credit.

the senior item is not a credit but a deduction computed on Schedule 1-A, Part V, that carries to line 13b of your 1040. It starts phasing out with modified adjusted gross income above $150,000 for a joint return and is completely phased out with MAGI of $250,000 or more. Not sure what you mean by B income. MAGI is used, which is calculated in Part I  

 

 

TurboTax calculates it automatically based on your ages and MAGI. 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question