TT2025 What-If not applying the new Senior Deduction

[BrianLKearney]

I'm using TT2025 What-if to estimate my taxes. MFJ with some self-employed, W2, Social Security, Pension, dividends but mostly capital gains.

(37) AGI 204110

(38) 2

(39) Standard deduction 34700

(40) Income after deduction 169410

(41e) Senior deduction 12000

(42) Taxable income 169410

So it didn't deduct anything for the senior deduction but I think it should have been 5660ish

[xmasbaby0]

The $6,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b. It is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e.  Turbol Tax automatically includes it.

IRS Schedule 1-A
https://www.irs.gov/pub/irs-dft/f1040s1a--dft.pdf

[VolvoGirl]

My Home & Business prorgram What-If worksheet is working wonky for me too.  I'm having trouble entering amounts on it.  It shows 12,000 and it's not subtracted.  I closed TurboTax and reopened it.  Didn't help.  But FYI your Senior Deduction should be $5,507 for both spouses 65+.  

[VolvoGirl]

@xmasbaby0   Might want to let the moderator know that 2025 What-If Senior Ded on line 41e is not working right.  It works right in the 2024 program What-If worksheet.  I imagine the 2025 What-If is mainly for 2026 planning.  

[xmasbaby0]

x

[VolvoGirl]

@xmasbaby0   No, he's saying the senior deduction should be 5,660 (not added to the SD).  I figure his Senior Ded should be $5,507.

[BrianLKearney]

If I understand your answer Turbotax will calculate it correctly in the real tax filing.  Some of those forms aren't ready until February 2026.  I'm trying to use the What-If form to estimate my 2025 tax situation before Dec 31 in case I want to make some final financial activities.