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I thought ther was a deduction on Socual Security

I thought joint filing received $12,000 tax break on social security
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2 Replies
MaryK4
Expert Alumni

I thought ther was a deduction on Socual Security

Starting with the 2025 tax year, there is a new Senior Tax Deduction that provides a major tax break for those 65 and older. While it does not technically eliminate the federal tax on Social Security benefits, it is designed to significantly reduce or even cancel out the tax liability for many seniors.

 

TurboTax automatically applies it if you qualify.  If you are using TurboTax Online, you can check your tax summary: 

1. Select Tax Tools from the left-side menu.

2. Click Tools and then select View Tax Summary

3. On the left side of the summary screen, select Preview my 1040.

4. Scroll to Form 1040, Line 13b. This is where the total from Schedule 1-A is reported.

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I thought ther was a deduction on Socual Security

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
And your SSN must be VALID for employment. Do NOT check the box saying Not Valid under My Info.


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 ….
VolvoGirl_Macro 10_SS 6000 1040.jpg

 

 

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