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  The “senior deduction” is added automatically by the software based on the date of birth and filing status you entered into MY INFO.  You do not need to take any extra steps to enter it. (And…the new senior deduction has nothing to do with whether you are getting Social Security)   The deduction is not on the same line as your standard deduction.  It is shown separately on line 13b.     2025 STANDARD DEDUCTION AMOUNTS SINGLE $15,750  (65 or older/legally blind + $2000) MARRIED FILING SEPARATELY $15,750  (65 or older/legally blind +1600) MARRIED FILING JOINTLY $31,500  (65 or older/legally blind + $1600) HEAD OF HOUSEHOLD $23,625 (65 or older/legally blind + $2000)     For 2025 through 2028 there is an extra  deduction amount of up to $6000 per individual 65 or older filing Single, MFJ, or HOH which is phased out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers.   (The deduction phases out completely at $175.000 Single or HOH, or $250,000 joint)   The $6,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b. It is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e.  Turbo Tax automatically includes it. IRS Schedule 1-A https://www.irs.gov/pub/irs-dft/f1040s1a--dft.pdf   Need to see it? https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/preview-turbotax-online-return-filing/L77WCkvnu_US_en_US?uid=m681fkhr   If you are not getting the senior deduction it is because Your date of birth in MY INFO shows that you were not 65 by the end of 2025 Your income is too high You are filing married filing separately

You do not change the sales category that transactions are reported under on your Form 1099-B.  Because a transaction is reported as category B or E does not mean your broker did not have the cost basis.  "Noncovered securities, which are typically stocks purchased before 2011 and mutual funds purchased before 2012, cost basis is not required to be reported.  The rules for tracking and reporting basis by brokers were very different then.  Also cost basis for inherited securities, transferred securities where the original cost basis isn't know, and some complex publicly traded partnerships are not required to be reported.  So if you sold a stock that you bought in 2005, your broker very well might know the basis, but is a "non-covered" security and will be reported as category E and the cost basis will not be reported to the IRS.   If you have a lot of transactions for which you need to go in and add the cost basis, you might want to delete your import and reenter using category totals instead of each transaction.    While working in your return:     In the wages & income section, Select "Investments and Savings...."   On the page "Did you have investment income in 2025?"  Answer Yes, or If you've already started the section, click on "Add Investments" at the bottom of the screen On the page "Let's Import your tax info" click on "Enter a different way"  Select "Stocks, Bonds, Mutual Funds" on the page with "OK let's start with one investment type"  When asked "Which bank or brokerage is on our 1099-B?" enter the name of your or broker or mutual fund company, leave the other fields blank. Click Continue  Answer the next three or four questions  Answer Yes to "Did you buy every investment listed...." (unless you inherited or were gifted the funds)  Select "Sales Section Totals"  Locate your sales section totals on your 1099-B  Enter your Investment Sales Section Totals and repeat till you have entered for each category.  After entering all your sales section totals,  Look for "Now we'll help you upload your 1099-B since the IRS requires a copy" and follow the instructions,  or you can mail a paper copy of your 1099-B to the IRS.  If you want to mail, click on "How do I mail my statement".     Take a moment to double-check that your statements are complete. For each sale listed, there should be:   - A Description   - Date Acquired   - Date Sold   - Sales Price   - Cost Basis   - Gain or loss for each sale   - A based on how the sale was reported to you and the IRS   In some uncommon cases, there will be an adjustment code and adjustment amount.      NOTE: Any sales summaries that include only Box A or Box D sales, and which have no adjustments to gain/loss, do not need to be included on a statement mailed to the IRS.      Here's how to mail your statements:   If you are e-filing your tax return, then mail your statements along with Form 8453 to:     Internal Revenue Service  Attn: Shipping and Receiving, 0254  Receipt and Control Branch  Austin, TX 73344-0254 

Thank you @AmyC for this helpful reply. Does this logic regarding updates apply to online Turbotax 2024 "Expert Assist" as opposed to desktop versions?   On further inspection, it seems that the main difference between the original tax return and the amended draft one is the calculation of the mortgage interest deduction limitation for our mortgage (which is >$750K). I didn't make any changes to the underlying 1098 from the mortgage lender, yet the calculation of the limit changed considerably and is driving the unexpected refund that is due.   Oddly, though, when I ran the numbers myself on the mortgage interest deduction limitation following the average balance method, my resulting numbers were different. When I look at the underlying worksheet in the amendment for mortgage interest deduction, it lists the same beginning/ending mortgage balance for 2024, which also doesn't make sense)...   I'm not sure what to do now since it does seem that we may be due some refund, but perhaps not as much as Turbotax is spitting out (and it is not clear to me how one overrides that?).   Thanks.

Generally, TurboTax will choose the most beneficial deduction for you to use. If TurboTax is telling you to take the Standard Deduction over itemizing your deductions, it's possible that the box to take the standard deduction was inadvertently checked.   Sometimes taking the Standard Deduction on your federal return results in a better overall tax position when combining your federal and state tax returns. Or if the standard deduction already reduces your taxable income to zero, itemizing provides no real benefit.   You could try manually changing your deduction from the Standard Deduction to Itemized Deductions using the instructions below to see the overall impact.      If you are using TurboTax Online: In your left panel scroll down to "Tax Tools" Click on "Tools" Click on the box "Topic Search" In the box that says "I'm looking for:" type in "Standard Deduction" This will take you to the page "Based on what you told us..." Here you can change your deduction by clicking the box "Change my Deduction"  If you are using TurboTax Desktop: Go to "Federal Taxes" tab in the gray bar at the top of your screen Select the "Deductions & Credits" tab (under Federal Taxes in the gray bar at the top of your screen Click on "I'll Choose What to Work On" Select "Continue" at the bottom of the page Select "Continue" on the next page that says "Let's Check Your Deductions and Credits" Select "Continue" on the next page that says "Here Are Your 2025 Deductions & Credits" The following page will give you the opportunity to change your deduction by clicking on the box "Change my deduction" Also, you can review your Tax Summary. It will allow you to see what is happening on the return and review the calculations. You can make changes and then view it again.   To do this:  Click on Tax Tools in the left panel of your TurboTax screen, then click Tools.  Choose View Tax Summary and then click on Preview my 1040.  If you are using TurboTax Desktop, you can switch to Forms Mode by clicking on Forms at the top right of your TurboTax screen.  Then scroll down your list of forms on your left to find Tax Summary.   Click here for information on changing your deduction.    Click here for Standard Deduction vs. Itemized Deductions: Which Is Better?    Please return to Community if you have any additional information or questions and we would be happy to help.

 Yes, you must report income from the sale of precious metals (gold, silver, platinum, etc.) on your federal tax return if you sold them for a profit. The IRS classifies precious metals as "collectibles" (under IRC Section 408(m)), and profits are subject to capital gains tax.   You can enter the sale of your collectible in TurboTax Online by following these steps:  Select Wages & Income Select Investments and Savings  Select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B) Answer Yes to the question: Did you sell any investments? Answer No to the question: Did you receive a form 1099-B or brokerage statement? Select Collectibles from the list of investments Follow the TurboTax interview to enter your information. Refer to the TurboTax article A Guide to the Capital Gains Tax Rates: Short-term vs. Long-term Capital Gains Taxes for additional information.

Well shoot, this one is probably going to be the nail in the coffin for TurboTax for my household and small business taxes.  This software is just not keeping up, and with changes like this, actually getting worse.