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It is automatic based on your age. It is not part of your Standard Deduction. The new Senior Deduction is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e. The 6,000/12,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b with any other sch 1-A amounts. Turbo Tax automatically includes it if you qualify.
For Single the deduction starts to phase out at 75,000 and maxes out at 175,000
For Joint the deductions starts to phase out at 150,000 and maxes out at 250,000
If you are married you have to file a Joint return
For Online version You can preview the 1040 or print the whole return
https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-f...
What do you have on 1040 or 1040SR line 13b?
See the 1040 ….
To enter the Schedule A-1 senior deduction in TurboTax Online, including your age and income information, follow these steps:
1. Go to the Federal section and select Deductions & Credits.
2. Scroll down to either the Standard Deduction area or Other Deductions section.
3. TurboTax will ask if you want to take the standard deduction or itemize.
4. Enter your age when prompted; TurboTax uses this to determine senior deduction eligibility.
5. Provide your income information if asked, so TurboTax can apply the income limits for the senior deduction.
6. TurboTax will automatically calculate and apply the Schedule A-1 senior deduction if you qualify.
This deduction is in addition to the standard or itemized deductions and requires you or your spouse to be age 65 or older by the end of the tax year. Income limits begin phase-out at $75,000 for single filers and $150,000 for married filing jointly.
It is automatic based on your age. It is not part of your Standard Deduction. The new Senior Deduction is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e. The 6,000/12,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b with any other sch 1-A amounts. Turbo Tax automatically includes it if you qualify.
For Single the deduction starts to phase out at 75,000 and maxes out at 175,000
For Joint the deductions starts to phase out at 150,000 and maxes out at 250,000
If you are married you have to file a Joint return
For Online version You can preview the 1040 or print the whole return
https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-f...
What do you have on 1040 or 1040SR line 13b?
See the 1040 ….
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