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You are correct.
For a couple where both are over 65, the standard deduction is $31,500 plus an additional $1,600 for each, giving a standard deduction of $34,700.
A new, temporary additional deduction of $6,000 for those aged 65 and older (or $12,000 for a married couple if both qualify) is also available for tax years 2025 through 2028. The deduction begins to phase out at income greater than $75,000 and $150,000 if you’re married filing jointly. This is in addition to the standard deduction or itemized deductions.
The senior deduction is automatically calculated by TurboTax based on the dates of birth you entered for each spouse.
The senior additional deduction appears on line 37 of Schedule 1-A, then included in line 13b of your form 1040.
You are correct.
For a couple where both are over 65, the standard deduction is $31,500 plus an additional $1,600 for each, giving a standard deduction of $34,700.
A new, temporary additional deduction of $6,000 for those aged 65 and older (or $12,000 for a married couple if both qualify) is also available for tax years 2025 through 2028. The deduction begins to phase out at income greater than $75,000 and $150,000 if you’re married filing jointly. This is in addition to the standard deduction or itemized deductions.
The senior deduction is automatically calculated by TurboTax based on the dates of birth you entered for each spouse.
The senior additional deduction appears on line 37 of Schedule 1-A, then included in line 13b of your form 1040.
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