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dkefford
New Member

Where do you put the 6000 $ social security deduction ?

What happened to the 6000 $ deduction for each person over 65 for social security
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6 Replies
rjs
Level 15
Level 15

Where do you put the 6000 $ social security deduction ?

You don't have to enter anything to get the deduction for seniors. TurboTax will give it to you automatically based on the birth date that you entered in your personal information.


The maximum deduction for seniors is $6,000, or $12,000 if married filing jointly and both are 65 or older. The deduction is gradually reduced if Modified Adjusted Gross Income (MAGI) is over $75,000 ($150,000 if married filing jointly), so if your income is over that amount you will not get the full $6,000 per person. The deduction is reduced to zero if MAGI is $175,000 or more ($250,000 if married filing jointly).

 

Where do you put the 6000 $ social security deduction ?

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. Turbo Tax automatically includes it if you qualify.   If you are married you have to file a Joint return.


For Online version you can preview the 1040
https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-f...

 

See the 1040…….

 

SS 6000 1040.jpg

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rjs
Level 15
Level 15

Where do you put the 6000 $ social security deduction ?

Form 1040 or 1040-SR line 13b is not just for the deduction for seniors. Line 13b might include other deductions as well. There are 4 different deductions on Schedule 1-A. They are all added together on Form 1040 line 13b. The deduction for seniors is on Schedule 1-A line 37.

 

dkefford
New Member

Where do you put the 6000 $ social security deduction ?

This did not happen for me and I have not gotten an answer from you

dkefford
New Member

Where do you put the 6000 $ social security deduction ?

This did not happen on my return. I have not gotten an answer from you. 

 

Where do you put the 6000 $ social security deduction ?


@dkefford wrote:

This did not happen for me and I have not gotten an answer from you


If you are filing as Married Filing Separately you will not be eligible for the additional senior deduction.  

 

The full deduction is available for single filers with a Modified Adjusted Gross Income (MAGI) under $75,000 and married couples under $150,000. The deduction reduces by 6% for every dollar over these thresholds. It phases out completely at $175,000 for singles and $250,000 for married couples.

 

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.

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