LaShaunA3
Expert Alumni

Business & farm

As long as you meet the qualifications for this deduction, it is automatically applied to your tax return. You don't need to take any additional steps or enter anything directly into Schedule 1-A.

Qualifications:

-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. 



After you have entered your tax information, and if you qualify, you will see the information for the Senior Deduction  reflected on Schedule 1A, Part V, Line 37



For more information, see Deductions for Seniors.


 

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