Turbo Tax is not calculating the Senior "Bonus" deduction correctly on my tax return. Perhaps it is because of the instructions on LIne 35 (PART V) which say to subtract $600 from line 34. This is not correct because the return in question has MFJ with both taxpayer ove 65. This means that they are entitle to a $12000 enhance deduction. With line 34 indicating the phase out amount, line 35 should subtract this amount from $12000 dollars to arrive at the correct enhanced deduction. It does not do this. You do not lose, or have phased-out, 6% of the entire amount (that is over $150000) and then multiply it by two (2) to arrive at the enhgcnce deduction. The $6000 bonus deduction is a "per person" deduction which either needs to take 1/2 of the amount over $150000 and then multiply by 6% (Line 33), or take 1/2 of the line 34 amount and then subtract it from $6000. Then multiply this result by two (2).
