How do I instruct TT Premier to show 12k exemption IRA to Roth conversion I did in 2025?

[Art1982]

Under the OBBBA, seniors over 65 are allowed to do an ira to roth conversion and exempt 12k amount from taxes.

In 2025, I converted 25K from ira to roth. Current AGI w/o the 12k relief is 160K. It should be 148k (160k-12k relief).

How do I enter this in TT Premier so it will account for the 12K exemption?

Thank you.

[VolvoGirl]

The 12,000 is just a new senior deduction.  It doesn't exemption the taxable amount of a Roth conversion.

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-f...

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

See the 1040 ….

[VolvoGirl · Accepted solution]

And sorry, If your income is 160,000 the 12,000 is phased out.......

[Art1982]

Thank you for your response.

Just to confirm, there is NO tax break for seniors who do ira to roth conversion from that one big beautiful bill act?

[SteamTrain]

@Art1982 

The 6,000 (Single, or MFJ only one age 65 or older) ....  12,000(MFJ-both age 65 or older) SR deduction is applied to all your year's income....IRA-ROTH IRA conversion or not.

(ignoring the phase-out issue since you are apparently at 160,000 or more .)