Level 15

Get your taxes done using TurboTax

@whitiepossum You are confused about several things.  You do not lose your right to the standard deduction; what happens is if you are more than three years past the filing deadline for a tax return, you forfeit your refund, even if your tax return shows you would receive one.   You would never OWE the IRS for a tax return that showed a refund even if you were more than 3 years past the deadline.  If you owed tax due, then your penalties and interest begin to accrue as of the filing deadline that you miss, so whenever you file a late return that has tax due, you can expect another bill from the IRS for the penalties and interest which they calculate based upon how much you owed and when they received your payment.

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