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gjaiken
New Member

your giving me a standard deduction of 34,700 when the National Tax Reports a standard deduction of 46,700 for seniors over 65?

 
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Accepted Solutions
VolvoGirl
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

your giving me a standard deduction of 34,700 when the National Tax Reports a standard deduction of 46,700 for seniors over 65?

The new Senior Deduction (it's not a Credit) is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e. The 6,000/12,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b. Turbo Tax automatically includes it if you qualify. If you are married you have to file a Joint return.


For Online version you can preview the 1040
https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-f...


See the 1040…….

 

SS 6000 1040.jpg

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1 Reply
VolvoGirl
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

your giving me a standard deduction of 34,700 when the National Tax Reports a standard deduction of 46,700 for seniors over 65?

The new Senior Deduction (it's not a Credit) is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e. The 6,000/12,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b. Turbo Tax automatically includes it if you qualify. If you are married you have to file a Joint return.


For Online version you can preview the 1040
https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-f...


See the 1040…….

 

SS 6000 1040.jpg

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