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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.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
‎April 8, 2025
7:00 AM