Education

The $12,000 is a separate line from the standard deduction. It is above the line so it comes off before your standard deduction or itemized deduction is factored in. If eligible you will find this on Schedule 1-A Part V and line 13b of your form 1040.  TurboTax will automatically calculate it based on your date of birth and your income. 

For Tax Year 2025 through 2028, seniors may claim an additional deduction of $6,000 per taxpayer over 65.  This is NOT a refundable credit.  This is a deduction of your income. 

• If your income is above $75,000 ($150,000 if Married filing jointly) the bonus deduction decreases by $.06 for every dollar over the relevant amount. 
• This deduction is available whether you itemize or take the standard deduction.
• If your filing status is married filing separately you are not eligible for this deduction.
• This bonus deduction is ONLY for those over 65, it does not apply to those who are blind and under 65

Here are the instructions for how to preview your Form 1040 in TurboTax:

TurboTax Online Version

1. Select Tools.
2. Go to Tax Tools.
3. Select Preview My 1040 (or go to the print center).

TurboTax Desktop Version

• You can simply switch to forms mode.
   

The standard deduction for tax year 2025 is $15,750 for single and $31,500 for married filing jointly. For those over 65 or blind your standard deduction is increased by:

• $2,000 per qualifying factor if you are single or filing head of household
• $1,600 per person per qualifying factor if you are married (filing jointly or separately) 
•  This is NOT available for those who itemize deductions. 
   

Example.  

Say you are both over 65 and are married filing jointly with a household income of $100,000.  You do not itemize expenses, but you take the standard deduction. 

Your income of $100,000 would produce taxable income of $53,300

$100,000-$31,500 standard deduction= $68,500

$68,500-$3,200 Additional standard deduction=$65,300

$65,300-$12,000 Bonus deduction for over 65= $53,300

Note: If your household income was $35,000 and you were both over 65 and married filing jointly, the total deduction would lower your taxable income to $0.  Your income cannot be lower than $0.  
 

Here are the instructions for how to preview your Form 1040 in TurboTax

:TurboTax Online Version

1. Select Tools.
2. Go to Tax Tools.
3. Select Preview My 1040 (or go to the print center).

TurboTax Desktop Version

• You can simply switch to forms mode.