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  2. Every Tax-Filing Status Explained - AOL

    www.aol.com/every-tax-filing-status-explained...

    Married Filing Jointly Standard Deduction: When filing with the married filing jointly tax-filing status, a couple can take a standard deduction of $24,800 for 2020. Learn More: 9 Tax Tips Every ...

  3. Doing Your Taxes: How to Decide Your Filing Status - AOL

    www.aol.com/news/2013-02-19-doing-your-taxes-how...

    An expense must be over a certain percentage of your AGI (figure out your AGI) in order to qualify as deductible. So let's say you had a medical expense that cost you $5,000. If you file ...

  4. IRS tax forms - Wikipedia

    en.wikipedia.org/wiki/IRS_tax_forms

    1040. As of the 2018 tax year, Form 1040, U.S. Individual Income Tax Return, is the only form used for personal (individual) federal income tax returns filed with the IRS. In prior years, it had been one of three forms (1040 [the "Long Form"], 1040A [the "Short Form"] and 1040EZ - see below for explanations of each) used for such returns.

  5. Free Tax Filing Is Possible with These 8 Handy Tools

    www.aol.com/free-tax-filing-possible-8-150000386...

    Here are eight of our favorite free tax preparation services. 1. The IRS. The IRS offers two versions of its Free File program. If your Adjusted Gross Income (AGI) was less than $73,000 in 2021 ...

  6. Income tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Income_tax_in_the_United...

    The United States federal government and most state governments impose an income tax. They are determined by applying a tax rate, which may increase as income increases, to taxable income, which is the total income less allowable deductions. Income is broadly defined. Individuals and corporations are directly taxable, and estates and trusts may ...

  7. Taxation in the United States - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_the_United_States

    Donors of gifts in excess of the annual exclusion must file gift tax returns on IRS Form 709 [100] and pay the tax. Executors of estates with a gross value in excess of the unified credit must file an estate tax return on IRS Form 706 [101] and pay the tax from the estate. Returns are required if the gifts or gross estate exceed the exclusions.

  8. How Tax Filing Status Relates to Deductions in 2021 and 2022

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    Your filing status will determine what you owe in taxes and whether or not you have to file a return at all. Stimulus Update: November Child Tax Credit, Maine’s AGI Checks & Golden State Checks ...

  9. Form 1040 - Wikipedia

    en.wikipedia.org/wiki/Form_1040

    Form 1040, officially, the U.S. Individual Income Tax Return, is an IRS tax form used for personal federal income tax returns filed by United States residents. The form calculates the total taxable income of the taxpayer and determines how much is to be paid to or refunded by the government. Income tax returns for individual calendar-year ...

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