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Senior Deduction Calculator$6,000 Deduction for Age 65 and Older

What do these figures come to once the work is shown?

The enhanced deduction for seniors per qualified individual after the 6 percent phase-out above $75,000 or $150,000 of MAGI.

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Your figures
Example figuresIllustrative only. Type over them with your own.
Senior deduction
$9,600
Total for all qualified individuals
Deduction per qualified individual
$4,800
Reduction per individual
$1,200
6 percent of MAGI over the threshold
Drawn to one scale
Senior deduction$9,600
Deduction per qualified individual$4,800
Reduction per individual$1,200
Deduction fully phased out at MAGI of$250,000
All results
MeasureResult
Senior deduction$9,600
Deduction per qualified individual$4,800
Reduction per individual
6 percent of MAGI over the threshold
$1,200
Deduction fully phased out at MAGI of$250,000
How this was worked out
Work shownrecomputed as you type
Per individual = $6,000 - 6% x (modified AGI - $75,000, or $150,000 joint), not below zero
Deduction = per individual x qualified individuals

Illustrative arithmetic on the figures you enter. Check the result against your firm's methodology before relying on it.

The formulas

  • Per individual = $6,000 - 6% x (modified AGI - $75,000, or $150,000 joint), not below zero
  • Deduction = per individual x qualified individuals

How it works

Section 151(d)(5)(C) allows an extra $6,000 deduction for each qualified individual who reached age 65 by the end of the year, for taxable years before 2029. The $6,000 amount is cut by 6 percent of the modified AGI that exceeds $75,000, or $150,000 on a joint return.

The statute reduces the $6,000 amount itself, so on a joint return each spouse gets the reduced amount. The deduction requires a Social Security number on the return, and a married taxpayer qualifies only by filing jointly.

Illustrative figures only. Check the result against your firm's methodology before relying on it.

Common questions

Does it replace the aged standard deduction add-on?

No. It is a separate deduction under section 151(d)(5). See the standard vs itemized tool for the additional standard deduction.

Which years apply?

Taxable years beginning before January 1, 2029.

What is modified AGI here?

AGI with amounts excluded under sections 911, 931 and 933 added back.

Sources

Runs in your browser. The figures you type are not sent to CORAA or stored. Check the result against your firm's methodology before relying on it.

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