Retired Tradesman Senior Bonus Calculator
For 65+ retired trades workers on union pensions.
The short answer: At the numbers below, the deduction is $12,000, worth $1,440 at 12% ($55 per paycheck).
Must be 65+ to qualify
Modified Adjusted Gross Income
Senior Bonus Deduction
$12,000
✅ 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.
Union Pension + Social Security
Multi-employer pensions plus Social Security typically land MAGI $70–90k — comfortably under the phase-out.
- • Full $6,000 per 65+ spouse
- • Early union retirement at 62: wait for 65 for this line
- • Consulting for the union hall adds SE income to MAGI
Worked Example
MFJ retired electricians, $84,000 MAGI.
- • Deduction $12,000; savings $1,440 at 12%
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Frequently Asked Questions
Do union pensions count against the senior deduction?
They're MAGI, but typical trades pensions plus Social Security stay below the phase-out.
What if I retired from the trades at 60 and consult now?
Consulting income is MAGI too; the bonus itself still applies once you're 65+.