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Get your taxes done using TurboTax
Hello @madmohr1095 ,
I can understand being uncertain when filing your return by yourself the first time. The IRS can assess a penalty and interest for late filing. You can find more information on penalties and how to avoid or reduce them here:
Guide to IRS Tax Penalties - How to Avoid or Reduce Them
The standard deduction for 2021 was $12,550 and for 2022 it is $12,950. If you itemized deductions are a larger amount than the standard deduction it usually is better to itemize.
Standard Deduction vs. Itemized Deductions: Which Is Better?
The form 1095-C is the Affordable Care Act health insurance reporting. For 2021 & 2022 you no longer need to report that on your return. Only the form 1095-A for health insurance purchased through the market place needs to be reported.
What is From 1095-C: Employer-Provided Health Insurance Offer and Coverage
Do I need to enter my 1095-B and 1095-C?
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