turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

smaurer56
New Member

Why do I not see the Senior Tax Credit of $6000 each?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
JamesG1
Expert Alumni

Why do I not see the Senior Tax Credit of $6000 each?

The Enhanced Deduction for Seniors is automatically generated based upon your filing status and age.

 

The $6,000 Enhanced Deduction for Seniors is reported on IRS Schedule 1-A Part V lines 31 through 37.  The total of IRS Schedule 1-A may be found on line 13b of the IRS form 1040.

 

 In TurboTax Online, you may print or view your full tax returns prior to filing after you have paid for the software.

 

  • View the entries down the left side of the screen at Tax Tools.
  • Select Print Center.
  • Select Print, save or preview this year's return.

 In TurboTax Desktop, select FORMS in the upper right hand corner of the screen.


 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

2 Replies
JamesG1
Expert Alumni

Why do I not see the Senior Tax Credit of $6000 each?

The Enhanced Deduction for Seniors is automatically generated based upon your filing status and age.

 

The $6,000 Enhanced Deduction for Seniors is reported on IRS Schedule 1-A Part V lines 31 through 37.  The total of IRS Schedule 1-A may be found on line 13b of the IRS form 1040.

 

 In TurboTax Online, you may print or view your full tax returns prior to filing after you have paid for the software.

 

  • View the entries down the left side of the screen at Tax Tools.
  • Select Print Center.
  • Select Print, save or preview this year's return.

 In TurboTax Desktop, select FORMS in the upper right hand corner of the screen.


 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Why do I not see the Senior Tax Credit of $6000 each?

@smaurer56 

 

It goes on an entirely separate line on the form 1040..line 13b.

And it phases out for singles with AGI over $75,000 and MFJ with AGI over $150,000

 

The regular Std Deduction show up on line 12e of the 1040.

 

(Married seniors who file separately , MFS, don't get it at all)

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question