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Good news and bad news.  I Am able to access the Form 5695 on Turbo Tax web site.  The bad news is that the software rejects a valid IRS QMID code of V9WO.  See snip below.  How can I fix this?  Kris Francis [email address removed]   Snip showing error

An additional $6,000 deduction for taxpayers 65 and older. This is per eligible individual, meaning a married couple both over 65 could get $12,000. Important: This bonus deduction is temporary, lasting from 2025 through 2028. Income limitations: It phases out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers. The amount is calculated on Schedule 1-A, Part V, with that amount flowing to Form 1040 Line 13b Look at your Form 1040 - You can view your Form 1040 plus Schedules 1, 2 and 3 at any time using the online editions. Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

The new Senior Deduction is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e. The 6,000/12,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b. Turbo Tax automatically includes it if you qualify. If you are married you have to file a Joint return. For Online version you can preview the 1040 https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-filing/00/26160 See the 1040…….  

The next day.  With the snow (predicted 6 -10 inches but just snow; no ice) why not deal with TurboTax 2025?   I gave up on Turbo Tax and its inability to determine RMDs on IRA distributions versus pensions.  Spent $36.99 on H&R Block.  Just finished my data entry and the result is a refund within 3% of my Excel spreadsheet.   My thanks to those who offered suggestions.  Intuit spent weeks in January on their code and IMHO still don't have it correct.  We'll see how my refund request goes.

VolvoGirl, thanks for responding!   I send out about 10 of the NEC each year, all of the other payees are listed as getting a NEC. This one payee's form for some reason is listed as getting a MISC, I assume that is what he received in previous years. It seems that selecting the kind of form that you want to send to a particular payee should be rather straight forward. I'm baffled!

Thanks for this response. I'm a retired minister so am permitted to deduct from line 5a an amount attributable to the costs of providing a home -- an archaic practice, but still a protected benefit. My pension board sends a 1099-R with a total and checks "taxable amount not determined." I enter that total amount on 5a, then enter an explanatory statement about deducting housing costs and the net amount on 5b. I'll be philosophical: either they accept it 'cause I've done this for 50 years, or they ask for clarification and I'll send it in.