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The fundamental rule established by the ACA is that married individuals must file a joint tax return to qualify for the Premium Tax Credit. This requirement, known as Married Filing Jointly (MFJ), is a strict prerequisite for both calculating and claiming the credit. The IRS codified this standard to ensure that a household’s total income is considered when determining eligibility and subsidy amounts. Filing as Married Filing Separately (MFS) generally results in the complete loss of PTC eligibility, regardless of the household’s income level. This automatic disqualification applies even if the couple’s combined Modified Adjusted Gross Income (MAGI) would otherwise fall within the income range for subsidies. This rule prevents couples from artificially splitting income to qualify for a larger subsidy.

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 appears on line 37 of Schedule 1-A of your form 1040, with that amount flowing to line 13b of your form 1040.   In TurboTax Online, you can only view Schedule 1-A after registering and paying the TurboTax fee.   But you can preview your form 1040 and check line 13b of your form 1040 which includes the senior deduction among other deductions if applicable, such as the tip deduction, the overtime or the car loan interest deduction.   to preview your form 1040 in TurboTax Online, follow these steps:   Open your return In the left-hand column, locate Tax Tools, click on the drop-down arrow then click on Tools On the Tools Center page, click on View Tax Summary In the left-hand column, click on Preview my 1040 Your form 1040 will display. Scroll down to line 13b   and you should see the amount of this deduction included in this line.

If you are age 65 or older and meet the requirement, the additional deduction is automatically added on your federal tax return.   Standard deductions for 2025 Single - $15.750 add $2,000 if age 65 or older Married Filing Separately - $15,750 add $1,600 if age 65 or older Married Filing Jointly - $31,500 add $1,600 for each spouse age 65 or older Head of Household - $23,625 add $2,000 if age 65 or older   New Bonus Standard Deduction (OBBB): 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.

@Geoff30 I am using the 2025 TurboTax Premier desktop edition for Windows and the Form 8911 is working.   Make sure you are at the latest software release.  Click on Online at the top of the desktop program screen.  Click on Check for Updates

Thank-you for your informed response, it was very helpful. I did poke around a bit more on TT, and for the section on foreign tax credit, (and since my NR4 doesn't provide information on Div & LT gains),  should I just check the box in TT that asks if the foreign tax paid is from 'rent, royalty, other income (incl wages)'....Should I enter the tax paid as coming from 'other income' as my income is from RRSP's, RRIF's, and Pension plans. If I enter it this way, TT does not ask from info pertaining to Div & LT Gains.   Lastly, do I enter the total sum of all taxes paid (withheld) by Canada from these income sources, or is there a place in TT to detail the individual financial institutions that paid distributions and issued NR4's.   Thank-you.  

Form 4562 is only ready for Schedule C and F. The Schedule E area is currently being updated.    The software should be updated after 02/13/26, but our tech team is working hard to have those updates before that date.

No, you don't have a way to represent this difference in TurboTax, so don't try to go back and change anything. You will be sent a 1099-SA for this amount sometime between now and early 2027 - really. The reason is that the interest on the excess amount is charged to your 2026 return, which, as you may surmise, is done in early 2027.   What was the explanation for the about $17 difference? Was this the amount of interest that the HSA custodian calculated that your $3.1k excess contribution earned while it was in the HSA?    If so, I would have expected that the interest would be added to your distribution, not retained in your HSA. Please contact the HSA custodian and ask them for an explanation.

Yes, incomplete or incorrect information on your return may delay it. No, don't amend your return until you hear from the IRS.   You could get a tax notice asking to clarify your postings. The IRS could reject the return. Your return could be accepted. Each scenario will require a different action to be taken. Contact us again when you hear from the IRS,   

Generally a state issues a refund for taxes overpaid the prior year is a correct statement. However, the inflation refund is based on the 2023 return. You have confused state refund with inflation refund. @ez10977