turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

karma.29
New Member

I'm not seeing the bonus senior deduction of $6000. Only the standard deduction and 1600 deduction. Anyone else not getting the correct standard deduction?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

I'm not seeing the bonus senior deduction of $6000. Only the standard deduction and 1600 deduction. Anyone else not getting the correct standard 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 with any other sch 1-A amounts. 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 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 ….
,SS 6000 1040.jpg

MindyB
Employee Tax Expert

I'm not seeing the bonus senior deduction of $6000. Only the standard deduction and 1600 deduction. Anyone else not getting the correct standard deduction?

This is an additional deduction, not included with the standard deduction. This additional deduction for seniors is calculated automatically based on the birthday you have entered in your tax return.

  

Note, this deduction has income limitations.  It begins phasing out at income of $75,000 for a single filer (or $150,000 married) and is completely phased out at income of $175,000 for a single filer (or $250,000 married).

 

This deduction is located on Schedule 1-A Additional Deductions, Part V. The total additional deductions will be summed and appear on your 1040, line 13b.

 

You can check this in TurboTax Online by navigating to Tax Tools on the left of your screen, choose Tools, then View Tax Summary. On the left of the screen, select Preview my 1040, and scroll to Schedule 1-A Part V.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question