All Posts

The deduction for seniors will be on Schedule 1-A line 37. The total deductions from Schedule 1-A will be on Form 1040 or 1040-SR line 13b, and might include other deductions besides the deduction for seniors. You do not enter anything to get the deduction for seniors. TurboTax will give it to you automatically based on the birth date that you entered in your personal information. The maximum deduction is $6,000, but it is reduced if your income is over a certain amount.  

NO! Turbotax WILL NOT properly complete the forms required for paper submittal. I did this is in January 2025 and followed all prompts and edits, BUT TT DID NOT FILL IN THE 1040X correctly. It basically duplicated column A and Column C which the IRS TWICE read as NO CHANGES.   I then had to MANUALLY Fill out the 1040-X using the NUMBERS from the OLD 1040-SR and the NEW 1040-SR. I had to do the same thing for 2023 as TT would simply NOT do the calcs and fill out the form correctly.   On top of that, 2024 had THREE QUALIFIED DISASTERS in my area, and TT would only handle TWO at most. And I needed to use the three to average out the IRA withdrawals under the SECURE 2.0 Act. So I had to submit the entire 2024 return on paper by editing the PDFs manually. And because of the three prior disasters, this year will have to be entered manually and on paper as well. And no, I have not received refunds for 2022 and 2023 YET! (Or 2024 for that matter, but that's a different issue.) I have gotten letters from the IRS indicating that they agree with my 2022 and 2023 modified forms, but no cash yet. My congress critter is on the job with them...

If you are a resident of one state, but work in another state, your resident state will likely tax you on that income.  It depends on the tax law of the resident state, but USUALLY a resident state requires you to claim all the income you earned, no matter where you earned it.  If part of your income is taxed by a different state, USUALLY your resident state will give you a credit for that tax so that you are not double taxed.  Since Texas has no state tax, there would be no tax credit for the resident state to apply to the income earned in Texas, so more than likely, you will pay resident state tax on the Texas earned income.    As I said, it depends on which state is your resident state, but if you are using TurboTax, the program will report the income properly on the resident state tax return.    @raqueldemordaunt        

You cannot eliminate paying tax to your state of residence. All of your income is taxable by the state that you live in, no matter where the income is from. Since Texas has no state income tax, you just pay tax to your state of residence.  

If you manually completed Schedule 1-A in TurboTax in FORMS mode in TurboTax Desktop, check the calculations on Schedule 1-A.  Your deduction shows on Line 30 of this form.     If you're using TurboTax Online, try clearing your Cookies and Cache and step through the interview questions for this section again.    Here's more detailed info on the Vehicle Loan Interest Deduction.   @EpicRivalry