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2019 Return: IRS transcript ignored standard deduction, raised my taxes, and charged me a penalty
I filed a paper return in 2019 that was processed only now. In my return, I opted for a standard deduction which naturally lowered my taxable income. I paid the taxes in full. When I checked my transcript online, IRS seems to have ignored the standard deduction making my taxable income the same as my AGI thus increasing my tax bill. Furthermore, they charged me a penalty for the amount owed.
I'm not sure what exactly happened, but this seems like an error at their end? How can I rectify this?
‎June 9, 2021
10:56 PM