Retirement tax questions

What inflation allowance of $400 are you talking about?   If you are HOH, your 2024 standard deduction is $21,900 and if you are 65 or older, add $1950 to that amount, so $23, 580.     It will be on line 12 of your Form 1040.

 

 

If you had $85 withheld from the retirement account distribution you are getting it all back.

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