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New Member
posted Jun 3, 2019 1:06:16 PM

How do I qualify for age deduction?

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1 Best answer
Level 15
Jun 3, 2019 1:06:20 PM

The only age deduction on federal would be the extra standard deduction you get if you are 65 or older.  That will be automatic.  Make sure your date of birth is right under Personal Info.  And if you took an early withdrawal from your IRA or 401k account there is an exception to the the 10% penalty if you are 59 1/2 or older.

2 Replies
Level 15
Jun 3, 2019 1:06:18 PM

Are you asking aboutt some State deduction?

Level 15
Jun 3, 2019 1:06:20 PM

The only age deduction on federal would be the extra standard deduction you get if you are 65 or older.  That will be automatic.  Make sure your date of birth is right under Personal Info.  And if you took an early withdrawal from your IRA or 401k account there is an exception to the the 10% penalty if you are 59 1/2 or older.