Enhanced Deduction for Seniors Calculator

Seniors aged 65 and older can claim an enhanced deduction of up to $6,000 if they are single or $12,000 if they are married filing jointly. This deduction begins to phase out when AGI is over $75,000 for single taxpayers and $150,000 if married. This deduction is in addition to the existing standard deduction or itemized debuctions.

Tax Year

This is the tax year for which the Enhanced Deduction for Seniors is calculated. This is not really necessary since the deduction is the same for every year that it is allowed.

Filing Status

This is your filing status. If the filing status is married filking jointly (MFJ), then the spouse, if over 65, will also be elegible for the senior deduction.

Adjusted Gross Income (AGI)

Adjusted gross income is taxable income minus adjustments. It is on the federal tax form 1040, line 11b.

Taxpayer's Birthday

You can enter either the taxpayer's birthday here or you can enter the taxpayer's age in the following field. The birthday, if entered, is used to determine the taxpayer's age, which will be computed and automatically entered in the following field.

Taxpayer's Age

This is the age of the taxpayer at the end of the tax year. You can enter either the taxpayer's birthday in the previous field or you can enter the taxpayer's age here. If you enter the taxpayer's age, the taxpayer's birthday in the previous field will be erased.

Spouse's Birthday

You can enter either the spouse's birthday here or you can enter the spouse's age in the following field. The birthday, if entered, is used to determine the spouse's age, which will be computed and automatically entered in the following field.

This field is only shown if the filing status is MFJ (married filing jointly).

Spouse's Age

This is the age of the spouse at the end of the tax year. You can enter either the spouse's birthday in the previous field or you can enter the spouse's age here. If you enter the spouse's age, the spouse's birthday in the previous field will be erased.