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Returning Member
posted Dec 16, 2022 6:45:59 AM

2021 Standard Deduction for 65 and older

The IRS has sent me a letter saying I owe more money the difference is my $1,700 deduction for being over 65 years old. I don't understand why I don't get this deduction. Is TurboTax wrong? Or is the IRS agent Wrong? I have got this every year sense I reached age 65. Does it have to do with the 87,000 new rookies IRS Agents they hired?

0 3 549
3 Replies
Level 15
Dec 16, 2022 7:57:46 AM

If you purchased Audit Defense for your  tax return, call TaxResources, Inc. at 877-829-9695, or report your IRS letter on their web site. http://intuit.taxaudit.com/ Do not contact the IRS until you have spoken to TaxResources. They may contact the IRS on your behalf.


If you did not purchase Audit Defense, you can get help with your IRS letter from TurboTax at the following link.


We can help you with your IRS letter


If you did not buy Audit Defense, we might be able to help you here. Tell us what reason the letter gives for why you owe money, and the notice number or letter number (starting with CP or LTR) at the top right. If the letter says there was something wrong or missing in your tax return, or proposes changes to the tax return, what exactly does it say?

 

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Level 15
Dec 16, 2022 8:56:37 AM

2021 STANDARD DEDUCTION AMOUNTS

 

SINGLE $12,550  (65 or older + $1700)

 

MARRIED FILING SEPARATELY $12,550  (65 or older + $1350)

 

MARRIED FILING JOINTLY $25,100  (65 or older + $1350 per spouse)

 

HEAD OF HOUSEHOLD  $18,800  (65 or older +$1700)

 

Legally Blind + $1350

Level 15
Dec 16, 2022 11:20:15 AM

check with social security to see what they have for your birthday .

 

@Loafy