Groups | Search | Server Info | Login | Register

Groups > misc.taxes.moderated > #31312

Re: 2025 Standard Deduction and Tax on Soc. Sec. Benefits

Show all headers | View raw

retired1 <retired@home.usa> wrote in
news:-lKdnUAy9cMAWQH1nZ2dnZfqn_SdnZ2d@giganews.com: 

> On 8/13/25 11:29 AM, Boris wrote:
>> My understanding of the new tax rules for 2025 returns for the
>> standard duction is that for MFJ is:
>> 
>> $31,500 for everyone
>> $3,200 add if both spouses are 65 or older (only for tax year 2025)
>> $12,000 add if both spouses are 65 or older (for tax years 2025-2028)
>> $46,700 if both spouses are 65 or older for (only for tax year 2025)
> 
> According to Kiices's review of OBBA at:
> 
> https://www.kitces.com/blog/obbba-one-big-beautiful-bill-act-tax-planni
> ng-salt-cap-senior-deduction-qbi-deduction-tax-cut-and-jobs-act-tcja-am
> t-trump-accounts/ 
> 
> Those numbers are good. Bear in mind the $6000 number is subject to a 
> phase-out formula. FWIW I may only get to claim $4000
>> 
>> https://www.fidelity.com/learning-center/smart-money/standard-deductio
>> n 
>> 
>> Do I have this right?  Form 1040 for 2025 is not out yet, and I am
>> wondering if this $46,700 amount will appear as a choice for line 12,
>> Standard Deduction.
> 
> I would seem the IRS is currently working to accommodate all the
> change. Chances are there will be a small worksheet to calculate your
> number 
>> 
>> Also, I'm trying to calculate the tax on Social Security benefits,
>> 1040 line 6b, for 2025.  I don't think changes in the standard
>> deduction apply to this calculation, and if this is true, can I use
>> the "Social Security Benefits Worksheet-Lines 6a and 6b" found in the
>> *2024* 1040 Instructions.
> 
> Kitces makes this comment:
> " that the standard rules for the taxation of Social Security benefits
> still apply, "
> 
>> 
>> Thanks.
>> 
> 

As I thought, changes in the Standard Deduction have no effect on 
calculating the taxable portion of social security benefits.

"...Which means that, while the deduction does reduce taxable income (and 
therefore the amount of tax owed), it doesn't have an impact on any tax 
provisions based on AGI, such as the taxability of Social Security 
benefits..."

Thanks.

-- 
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used,   >>
<< nor can it used, for the purpose of avoiding penalties  >>
<< that may be imposed upon the taxpayer.                  >>
<<                                                         >>
<<   The Charter and the Guidelines for submitting posts   >>
<<  to this newsgroup as well as our anti-spamming policy  >>
<<                  are at www.asktax.org.                 >>
<<         Copyright (2011) - All rights reserved.         >>
<< ------------------------------------------------------- >>

Back to misc.taxes.moderated | Previous | Next — Previous in thread | Find similar

Thread

2025 Standard Deduction and Tax on Soc. Sec. Benefits Boris <Boris@invalid.invalid> - 2025-08-13 11:29 -0400
  Re: 2025 Standard Deduction and Tax on Soc. Sec. Benefits retired1 <retired@home.usa> - 2025-08-13 13:20 -0400
    Re: 2025 Standard Deduction and Tax on Soc. Sec. Benefits Boris <Boris@invalid.invalid> - 2025-08-14 10:39 -0400

csiph-web