Loretta P
Employee Tax Expert

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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