Talk of The Villages Florida - View Single Post - Was your tax refund bigger this year?
Thread: Was your tax refund bigger this year?
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Old 02-26-2022, 11:31 AM
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Quote:
Originally Posted by Lottoguy View Post
I didn't realize the big change the IRS made to the standard deduction for 2021. Because of that my refund was three times the normal amount. In 2022 tax year the standard deduction will be reduced by about $1,700. Were you also surprised by your refund too?
Quote:
Originally Posted by rustyp View Post
Did you or a spouse turn 65 between tax year filing of 2020 and 2021. That would account for your surprise. There are increased standard deductions for seniors incorporated in the recent past. Google IRS publication 501 and you will find the standard deduction tables by filing status and age.
Lottoguy, maybe rustyp has explained what you see. I'm not sure.

I am sure that your statement about the standatd deduction change in 2022 is wrong. There will actually be a typical increase.
Kiplinger: What's the Standard Deduction for 2021 vs. 2022?