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Can you add $6,000 to AGI if taxable income below $75,000

 
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2 Replies
VictoriaD75
Expert Alumni

Can you add $6,000 to AGI if taxable income below $75,000

I believe you are referring to the $6,000 deduction for seniors. This deduction will automatically be added to your return if you qualify based on age and income. You must have a valid Social Security number. The deduction phases out for taxpayers with modified adjusted gross income over $75,000; $150,000 for joint filers. If you qualify, you will see the deduction on line 13b of your Form 1040. 

 

Deduction for Seniors

 

@pryormaryanne6 

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Can you add $6,000 to AGI if taxable income below $75,000

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.

For Single the deduction starts to phase out at 75,000 and maxes out at 175,000
For Joint the deductions starts to phase out at 150,000 and maxes out at 250,000
If you are married you have to file a Joint return
And your SSN must be VALID for employment. Do NOT check the box saying Not Valid under My Info.


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 ….
VolvoGirl_Macro 10_SS 6000 1040.jpg

 

 

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