your return may be stuck in pending; this is a normal, routine state that every tax return or extension goes through and it may last longer than other years. Follow the steps below to get your taxes done and learn about the different stages of filing your...
As Fortune recommended in late February, there’s another group that may have been wise to hold off filing their taxes till the last minute: Americans whose incomes rose in 2020 would likely be better off having the IRS use their 2019 filings to determine their stimulus chec...
It can be complicated to change filing statuses from federal to state and we generally commend using the same status across both returns. If you want or need to change the status on your state return, you may be able to change this when you prepare your taxes on eFile.com. ...
Getting married usually means merging your finances. But when it comes to taxes, that's not always the case. The IRS gives married couples a choice: You can file your taxes jointly, or you can choose the status "married, filing separately." ...
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Filing your taxes online can seem daunting, but with a little organization and preparation, you can file on time and with accuracy.
Filing StatusStandard deduction for tax year 2024Standard deduction for tax year 2025 Married filing jointly or surviving spouses$29,200$30,000 Head of household$21,900$22,500 All Other Taxpayers$14,600$15,000 If you are going todeduct contributions, you'll itemize them usingSchedule A (Form...
Step 1: Determine Your Filing Status To calculate your taxable income for anindividual tax return, you first need to determine your filing status. If you are unmarried, you can file your taxes either as asingle fileror, if you have a qualifying person for whom you pay more than half of ...
To qualify for this tax credit, your filing status must be single, married filing jointly, head of household, or qualifying widow or widower with a qualifying child.30 Lifetime Learning Credit The Lifetime Learning Credit can help offset the costs of any years of postsecondary education and wh...
The remaining 85% is also tax-free unless the taxpayer has provisional income above a base amount set for the taxpayer’s filing status. Ultimately, the taxable amount depends on how much the provisional income exceeds the base amount and the percentage or percentages applicable to determine it....