You qualify if you are 65 years old or older.
- Social Security is still being taxed as it was in the past.
- In the Forms Mode, you can see the Social Security being taxed on line 6b
- However, there's a new $6,000, $12,000 deduction on line 13b of the 1040.
- This deduction is for qualified individuals.
- Age: You must be 65 or older by the end of the tax year (e.g., born before Jan 2, 1961, for 2025 returns).
- Income Limits: Your Modified Adjusted Gross Income (MAGI) must be below certain thresholds (e.g., $175k single, $250k joint for 2025), with Deductions phasing out above those levels.
- Benefit: Up to $6,000 (single) or $12,000 (joint) Additional standard deduction to reduce taxable income.
- Deduction phases out for taxpayers with modified adjusted gross income over $75,000 ($150,000 for joint filers).
The full taxable amount is included in your gross income on Form 1040; however, the Senior Deduction is reflected on line 13b.
It is reflected on Schedule 1A, Part V, Line 37
For more information, see Deductions for Seniors.
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