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A new, temporary additional deduction of $6,000 for those aged 65 and older (or $12,000 for a married couple if both qualify) is available for tax years 2025 through 2028. The deduction begins to phase out at income greater than $75,000 and $150,000 if you’re married filing jointly. This is in addition to the standard deduction or itemized deductions.    The senior deduction is automatically calculated by TurboTax based on the dates of birth you entered for each spouse.   The senior additional deduction is not added to the standard deduction but is reported on line 37 of Schedule 1-A of your form 1040, with that amount flowing to line 13b of your form 1040.

TurboTax used to have a separate page where it asked if the distribution was transferred to charity.  Now it has a box on the same page with other boxes to mark for various situations.  Also, the IRS has changed Form 1040 slightly to have a box to mark for a QCD rather than using the "QCD" notation.  Otherwise the functionality is unchanged.

If you used TurboTax the previous year, your capital loss carryover is generally automatically transferred to this year's tax return.   If it is not transferred and you know your capital loss carryover, you can enter it in TurboTax.   To do this in TurboTax Online, please follow these steps: Click on Federal on the left-hand panel, then on Wages and Income Navigate to the list of income categories Locate the Investments and Savings section and click on the arrow on the right Click Start next to Capital loss carryover Follow the interview to enter your capital loss carryover.

Social Security Income (SSI) is generally not taxable if your combined income (adjusted gross income + non-taxable interest + (1/2) of social security benefits) is $25,000 or less for single filers, or $32,000 or less for married couples filing jointly. If income exceeds these thresholds, up to 50% to 85% of benefits may be taxable.