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2024 senior deduct magi calculation definition, what are the addons to the adjusted gross income is taxable social security befits indluded

 
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2 Replies

2024 senior deduct magi calculation definition, what are the addons to the adjusted gross income is taxable social security befits indluded

there are multiple items that affect the calculation of taxable social security benefits. I suggest you review the worksheet contained in the 1040 instructions on page 32, Then if you have further questions post then in this thread so we can follow the conversation. there is also a similar worksheet in Turbotax. With desktop you can review it in forms mode. With online you'll have to pay any fees to be able to review it.

https://www.irs.gov/pub/irs-pdf/i1040gi.pdf 

rjs
Level 15
Level 15

2024 senior deduct magi calculation definition, what are the addons to the adjusted gross income is taxable social security befits indluded

The deduction for seniors in the new tax law starts in 2025. It does not apply to 2024. See my reply to your other question about MAGI for 2025.

 

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