MindyB
Expert Alumni

Retirement tax questions

Many seniors 65 and up are eligible for the additional deduction for seniors, but this deduction has income limitations.  It begins phasing out at income of $75,000 for a single filer (or $150,000 married) and is completely phased out at income of $175,000 for a single filer (or $250,000 married).

 

This additional deduction for seniors is calculated automatically based on the birthday you have entered in your tax return.

 

Also, there is an additional standard deduction, which is $1,600 more for each of you making your standard deduction $34,700 instead of $31,500. See: What's my standard deduction for 2025?