Skip to main content
Level 1
April 13, 2026
Question

We are both seniors and using Turbo Tax Home and Business why isn’t our $12,000 credit showing up. We do qualify. Also cannot see where to add my IRA contribution.

  • April 13, 2026
  • 2 replies
  • 49 views
No text available

2 replies

VolvoGirl
Level 15
April 13, 2026

It is automatic based on your age. It is not part of your Standard Deduction. 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 with any other sch 1-A amounts. Turbo Tax automatically includes it if you qualify.

For Single the deduction starts to phase out at 75,000 and maxes out at 175,000
For Joint the deductions starts to phase out at 150,000 and maxes out at 250,000
If you are married you have to file a Joint return
And your SSN must be VALID for employment. Do NOT check the box saying Not Valid under My Info.


For Online version You can preview the 1040 or print the whole return
https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-filing/00/26160

What do you have on 1040 or 1040SR line 13b?

See the 1040 ….

 

 

VolvoGirl
Level 15
April 13, 2026

Do you have W2 income to make a IRA Contribution?

Enter IRA contributions under

Federal On left

Deductions and Credits

Then scroll down to Retirement and Investments

Traditional and ROTH IRA Contributions - Click the Start or Update button