Pension-Only Senior Bonus Calculator
For 65+ retirees with no Social Security yet.
The short answer: At the numbers below, the deduction is $6,000 — $720 back at 12% ($28 per paycheck).
Must be 65+ to qualify
Modified Adjusted Gross Income
Senior Bonus Deduction
$6,000
✅ You qualify for the full deduction
⚠️ This calculator provides estimates for informational and educational purposes only. It is not tax advice. Results are based on the One Big Beautiful Bill Act (OBBBA) and IRS Schedule 1-A. Consult a qualified tax professional for your specific situation.
The Clean Case
A single pension with no other income is the simplest senior-bonus case: full $6,000, no phase-out.
- • Pension income → MAGI → usually far below the phase-out
- • When Social Security starts later, MAGI rises slightly
- • One 65+ person: $6,000; both spouses: $12,000
Worked Example
Single retiree, $48,000 pension.
- • Deduction $6,000; savings $720 at 12%
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Frequently Asked Questions
Do pension-only retirees get the OBBBA senior deduction?
Yes — the full $6,000 at typical pension incomes; the phase-out only matters at higher MAGI.
When Social Security kicks in, do I lose it?
Not unless total MAGI climbs into the phase-out — the calculator shows the exact effect.