I only made $13113 SSA 1099 Plus 1099 R for IRA distro $850 Held $85 in taxes ! As Head of Household Standard deduction shows 16550 but I am only getting 85 !?

[d-nyc7]

Is this correct? Not even inflation allowance $400?

[Vanessa A]

In order to get back more than you paid in, you need to qualify for a refundable tax credit.  In order to qualify for a refundable tax credit, you need to have earned income.  None of the income you listed would be considered earned income so it would not qualify for any of the refundable credits.

This means, you would get back the amount you paid in which is the $85 but you would not get any more than that back. 

[xmasbaby0]

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.

[VolvoGirl]

You only get Head of Household if you have a dependent.  $16,550 is the Standard Deduction for Single over 65.  So that's right.  Your Social Security is not taxable at all since your other income is less than $25,000.   And since the 16,550 Standard Deduction is more than your total income your taxable income is 0 zero.  The Standard Deduction is subtracted from your income to give you the taxable income.

Since you owe no tax on your income you get back all the $85 withholding.    And since you don't have any earned income from working like a W2 you do not qualify for any credits.  Don't know what you are referring to about inflation allowance $400 ??  Could that be a state thing?  

And please don't keep making new posts.  Keep all the posts for this by replying to this thread.