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Line 5 of 1040-X

Line 5 of 1040-X does appear to be doing the math correctly. Turbotax is not subtracting line 4b (Enhanced Deduction for Seniors) from line 3. I have the Turbotax online version so i don't think i can manually enter the correct amount.

 

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1 Reply
LindaS5247
Employee Tax Expert

Line 5 of 1040-X

If TurboTax has not correctly subtracted the enhanced senior deduction on your Form 1040-X, and you do not have the TurboTax Desktop program to override the value using Forms Mode, you can try to re-enter your information to trigger a recalculation.  Also, look at your Tax Summary by clicking on Tax Tools, then Tools in the left panel of your TurboTax screen and selecting View Tax Summary, to make sure it was not applied properly.

 

The Enhanced Senior  Deduction is a  nonrefundable tax deduction that reduces your taxable income but does not provide a refund for amounts that exceed your tax liability. If you have no tax liability as a result of your amended return, you would not get the credit.

 

Make sure your date of birth is correct in TurboTax. You are not eligible for the deduction if you filed married filing separate.

 

The deduction is phased out if your Modified Adjusted Gross Income (MAGI) is over $75,000 if you filed as single or head of household and  $150,000 if married filing jointly.

 

You can amend a return in the TurboTax desktop software that was originally filed in TurboTax Online. But you would have to download the .tax file from your online account and load it into the desktop program.

 

Click here for How do I switch from TurboTax Online to TurboTax Desktop?



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