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Level 2
August 6, 2025
Question

Senior Deduction

  • August 6, 2025
  • 1 reply
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It appears that single filers and joint filers each have a $100,000 phase-out range. At a 6% rate, this range phases out $6,000 for singles. But that same range also phases out $12,000 for joint filers. I thought the phase-out rate was 6% [this comes out to be 12% for MFJ]. Thanks. 

    1 reply

    rjs
    Level 15
    Level 15
    August 6, 2025

    The maximum deduction is $6,000 for each person. The phaseout is 6% of the amount by which MAGI exceeds $75,000 for single or $150,000 for married filing jointly (MFJ). On a joint return the phaseout is calculated separately for each person, so the 6% phases out $6,000 for each person.