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Level 15
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Retirement tax questions

The deduction for seniors is not part of the standard deduction. It's a separate deduction. It will be on a separate line on Form 1040. You can claim the deduction for seniors whether you take the standard deduction or itemized deductions.


The maximum deduction is $6,000, or $12,000 if married filing jointly and both are 65 or older. The deduction is gradually reduced if Modified Adjusted Gross Income (MAGI) is over $75,000 ($150,000 if married filing jointly) and it disappears completely if MAGI is $175,000 or more ($250,000 if married filing jointly).


MAGI for purposes of this deduction is Adjusted Gross Income (AGI) plus the Foreign Earned Income Exclusion, Foreign Housing Exclusion or Deduction, and excluded income from sources in Puerto Rico, Guam, American Samoa, and the Northern Mariana Islands. For most people MAGI will be the same as AGI.

 

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