File faster and easier with the free TurboTax appTurboTax Online: Important Details about Filing Simple Form 1040 Returns If you have a simple Form 1040 return only (no forms or schedules except as needed to claim the Earned Income Tax Credit, Child Tax Credit or student loan interest), you...
If your business is a C corporation and is a calendar-year taxpayer, your income tax return or extension is due by the 15th day of the 4th month after the end of your tax year, usually April 15. Read More Got a question? Speak with a tax expert Speak with a tax expertOVERVIEW...
Filing has its rewards Income tax credit often goes unclaimedEric Freehling
Among the several pandemic tax credits returning to 2019 levels is the Child Tax Credit (CTC). Filers that qualified for a $3,600 per dependent in 2021 will get a credit of $2,000 in 2022 for each qualifying child under age 17, or less, depending on their income. Taxpayers with no ...
Tags: age, dependents, filing status, Form 1040, income, IRS, tax, tax filing, tax return, tax return filing requirements, taxes, who has to file a tax return What's new on your 2024 federal tax return? Wednesday, January 15, 2025 Image by Clker-Free-Vector-Images from Pixabay Even...
(But not new children: Rosen thinks claiming the Child Tax Credit and Child and Dependent Care Credit is straightforward enough for any taxpayer to do on their own.) You're a beneficiary of a trust or estate or a partner in a business. Besides knowing the tax law, a tax pro really ...
Generally, if you made under the singlestandard deductionfor the 2024 current tax year, then you may not need to file. However, if you hadincome withheld from your pay, you will want to file to get this refunded and you may also qualify for theEarned Income Tax Creditwhich can be refund...
A Note for Those Claiming the EITC or Additional Child Tax Credit Those who claim either theEarned Income Tax Credit (EITC)orAdditional Child Tax Credit(ACTC) may see a refund delay due to rule changes from the PATH Act. Under the PATH Act, the IRS is not able to issue a refund invol...
If your baby is born on or before December 31, then he or she is considered to have lived with you for theentire yearand may qualify to be your dependent on your return. Check out the requirements for claiming a qualifying child as a dependent or simply use this free dependent tool to...
Tax Rules for Giving or Getting Cash Rules and reporting requirements depend on whether the cash is income or a gift, how much money changes hands and if you're the giver or receiver. Maryalene LaPonsieJan. 6, 2025 12 Financial New Year's Resolutions ...