File tax returns

If they're eligible, they'll need to file a tax return even if they don't usually file a tax return. The credit will reduce any tax owed for or be included in the tax refund. More In News. COVID Tax Tip , January 13, With tax filing season is just around the corner, this is a good time for those who don't normally file to consider the benefits of filing a tax return.

Here are some things taxpayers should consider when deciding whether to file a tax return: Find out the general reasons to file In most cases, income, filing status and age determine if a taxpayer must file a tax return.

Look at tax withheld or paid Here are a few questions for taxpayers to ask themselves: Did the taxpayer's employer withhold federal income tax from their pay?

Did the taxpayer make estimated tax payments during the tax year? Did they overpay last year on their taxes and have it applied to their tax? Review this list of five situations to learn more about who must file. Learn more about getting an ITIN for federal tax reporting. You can use form NR to file a tax return.

Review the specific filing requirements if you are a foreign exchange student or visiting scholar. If you are on a J-1 visa working as an au pair, you may need to file estimated taxes using form ES-NR. Review the tax treaty information between the U.

In some cases, your taxable amount may be lower. Digitally organize all of your tax docs for up to six years. Access to live phone or chat tech support. Deduct real estate taxes and home mortgage interest. Organize contract, freelancing, gig work, and other self-employed income. Report stocks, bonds, and other investment income Schedule D. Report cryptocurrency sales. Claim your small business expenses.

Report all business deductions and asset depreciation. Use this form to report income from unemployment benefits on your federal tax return. Tax ID theft occurs when someone steals your personal information to file a tax return using your personal data. Usually, the fraudulent tax filer will use your Social Security number to file your return in order to collect a refund.

For the fastest information, the IRS recommends finding answers to your questions online. You can also call the IRS , but the wait time to speak with a representative may be very long. This option works best for less complex questions.

This does not grant you more time to pay your taxes. To avoid possible penalties, estimate and pay the taxes you owe by the tax deadline of April 19, , if you live in Maine or Massachusetts or April 18, , for the rest of the country. Ask a real person any government-related question for free. They'll get you the answer or let you know where to find it.