Personal Finance (Not Investing) • How does new $6000 senior deduction work for those who itemize?

For clarity, can anyone confirm my understanding that this is a deduction, which occurs after MAGI is calculated?
So this would not impact IRMAA cliff triggers?

And thus the inequity in the solution. SS income increases MAGI, while the new Senior Deduction doesn't decrease MAGI.

I don't consider that an inequity. The point of MAGI is to track your income in order to determine what you can afford to pay for something. Deductions do not change your actual income; they just give you a break on taxes.

Statistics: Posted by Tom_T — Wed Aug 27, 2025 9:20 am — Replies 40 — Views 4128

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