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If your income from 2024 exceeds the gross income threshold listed for your filing status, you’ll need to file taxes before the deadline, which is April 15, 2025, ...
The annual deadline to file one's Federal individual income tax return is April 15. The IRS lists scenarios for which Tax Day does not follow this standard deadline - Taxpayers can file an extension where the taxes owed must be paid by April 15 but the completed tax return filed by October 15. [9]
While taxes are inevitable for most Americans, the government doesn't require those with sufficiently low incomes to file. However, choosing not to file usually means forfeiting profitable tax ...
Tax returns: U.S. corporations and most resident individuals must file income tax returns to self assess income tax if any tax is due or to claim a tax refund. Some taxpayers must file an income tax return because they satisfy one of the several other conditions. [15] Tax returns may be filed electronically.
One number single filers must know is $13,850, which is the amount they can reduce their taxable income by for tax year 2023. It’s $27,700 for married couples filing jointly.
Many paid tax preparers are required to file individual tax returns electronically, and most tax compliance software file electronically on the taxpayer's behalf. Even the tax preparers who are not so required, must file Form 8948 if they choose paper filing, providing an explanation for why they are not filing electronically. [14]
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