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cejn1958
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Has anyone seen the new Senior over 65 tax credit on there return ?

 
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LaShaunA3
Expert Alumni
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Has anyone seen the new Senior over 65 tax credit on there return ?

Yes, as long as you meet the qualifications for this deduction, it is automatically applied to your tax return.

Qualifications:

Age: You must be 65 or older by the end of the tax year (e.g., born before Jan 2, 1961, for 2025 returns).
Income Limits: Your Modified Adjusted Gross Income (MAGI) must be below certain thresholds (e.g., $175k single, $250k joint for 2025), with deductions phasing out above those levels.
Benefit: Up to $6,000 (single) or $12,000 (joint) Additional standard deduction to reduce taxable income. 



The deduction phases out for taxpayers with modified adjusted gross income over $75,000 ($150,000 for joint filers).



You can see the information for the Senior Deduction is reflected on Schedule 1A, Part V, Line 37



For more information, see Deductions for Seniors.

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Has anyone seen the new Senior over 65 tax credit on there return ?

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.

LaShaunA3
Expert Alumni
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Has anyone seen the new Senior over 65 tax credit on there return ?

Yes, as long as you meet the qualifications for this deduction, it is automatically applied to your tax return.

Qualifications:

Age: You must be 65 or older by the end of the tax year (e.g., born before Jan 2, 1961, for 2025 returns).
Income Limits: Your Modified Adjusted Gross Income (MAGI) must be below certain thresholds (e.g., $175k single, $250k joint for 2025), with deductions phasing out above those levels.
Benefit: Up to $6,000 (single) or $12,000 (joint) Additional standard deduction to reduce taxable income. 



The deduction phases out for taxpayers with modified adjusted gross income over $75,000 ($150,000 for joint filers).



You can see the information for the Senior Deduction is reflected on Schedule 1A, Part V, Line 37



For more information, see Deductions for Seniors.

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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