Senior deduction calculator

Filing status

Your age at year end

Spouse’s age at year end

Social Security a year ($)

IRA, 401(k) and pension income ($)

Interest and other taxable income ($)

Qualified dividends ($)

Your senior deduction$12,0002 people 65 or older

Federal tax it saves$1,440$2,936 with it, $4,376 without

Phase-outNoneMAGI $78,100; gone at $250,000

With modified AGI of $78,100, each of you gets $6,000 of the $6,000, $12,000 in all, which cuts your 2026 federal income tax by $1,440.

Free Senior deduction calculator by Killion Labs. Tables, worked examples and assumptions are on the full page.