Who needs to file a tax return?
Most U.S. citizens or residents with income above a certain threshold must file a tax return. The threshold depends on your filing status.
What is the deadline for filing taxes?
For most U.S. taxpayers, the deadline to file individual tax returns is April 15. If the 15th falls on a weekend or holiday, the deadline moves to the next business day.
What is a tax deduction?
A tax deduction reduces your taxable income, which lowers the amount of tax you owe. Common deductions include mortgage interest, charitable contributions.
How can I check the status of my tax refund?
You can check the status of your tax refund using the IRS "Where's My Refund?" tool online, or by calling the IRS Refund Hotline at 1-800-829-1954.
What should I do if I made a mistake on my tax return?
If you discover an error after filing, you can file an amended return using Form 1040-X. This allows you to correct your income, deductions, or credits.
What happens if I can’t pay my taxes?
If you can’t pay your tax bill, you should still file your return on time to avoid penalties for late filing. You can request an installment agreement with the IRS.
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Email:
vishal@vbhusareassociates.in
taxation@vbhusareassociates.in