For most tax filers with simple situations, such as income from one job, no children, one Form W-2 and no other deductions or credits to claim, the new Form 1040 is what they'll need to file their taxes. In many cases, taxpayers can file their returns for free. Here are a few of...
Deciding on whether you must or should file a tax return in any given year generally depends on your income amount for the tax year. As a filing single or married filing separate person, if your income for the year you're filing for did not equal or exceed the standard deduction limit ...
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Your adjusted gross income (AGI) is used to qualify for certain tax credits and confirm your identity when you e-file your tax return. You may be wondering, "How do I find my AGI, and how is it different from my gross income?" This guide will outline how
The last day to file and pay your 2019 taxes without accumulating tax penalties. It is also the last day to file for a tax extension. The final day to postmark your 2016 tax refund. October 15, 2020: The last day to file extensions and to electronically file your tax return to the IR...
The IRS form for amending a return isForm 1040-X. You'll also need any forms that will be impacted by your change. For example, if you’re changing your itemized deductions, you’ll also need a copy of Schedule A for that tax year. To amend your tax return to add additio...
2020 has been a tumultuous year for everyone, and being unable to pay taxes was a reality for many. However, if you still haven’t filed your tax return for 2019, or previous years, don’t panic. Seek the advice of a tax professional who can help you put together a plan to catch ...
If you need more time to file Form 1040, you canfile personal tax extensionForm 4868 to extend the deadline. IRS Form 4868is an Application for Automatic Extension of Time to File U.S Individual Income Tax Return. If youfile Form 4868on or before the April 15th deadline then you will ...
After a long wait, finally the Union Budget 2019 is here and one must remember, this budget is here to stay. Read more Changes in Exemption limit under GST Recently, the GST council doubled the exemption limit to Rs. 40 Lakhs for the payment of Goods and Services Tax. ...
Form W-2, Wage, and Tax Statement, is a crucial document that reports an employee’s annual wages and the amount of taxes withheld from their paychecks. It is essential for filing income tax returns. Over time, individuals may lose or misplace their past year W-2 tax forms prior years....