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The bonus adjustment to the $6,000 bonus deduction is wrong. In my online 1040. I'm over 65 .

Turbo Tax is not calculation the special $6000 deduction on my 1040 correctly!!Can anyone give me the proper formula?
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2 Replies
SusanY1
Employee Tax Expert

The bonus adjustment to the $6,000 bonus deduction is wrong. In my online 1040. I'm over 65 .

Can you clarify if you're not seeing the reduction at all (it will appear on Line 13b), or if it has been reduced and you are seeking to understand the reduction in the amount? 

 

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The bonus adjustment to the $6,000 bonus deduction is wrong. In my online 1040. I'm over 65 .

If you want to give me your AGI on 1040 line 11a I can put it into my spreadsheet to calculate the amount you should have on line 13b.   It is not part of the Standard Deduction on line 12e.

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