1. Gather your records. Make
sure you have all your tax
records. This includes receipts, canceled checks and other records that
support income, deductions or tax credits that you claim. If you purchased
health insurance through the Marketplace,
you will need the information in Form 1095-A to file.
2. Report all your income. You
will need to report
your income from all of your Forms W-2, Wage and Tax Statements, Forms 1099
and any other income – even if you don’t receive a statement – when you file
your tax return.
3. Try IRS Free File. Free
File is available only on IRS.gov. If you made $62,000 or less, you can use
free name-brand tax software to file your federal tax return. If you earned
more, you can use Free File Fillable Forms, an electronic version of IRS paper
forms. If you need more time to file, you can also use IRS Free File to get an
automatic six-month extension to file your taxes. Remember, an extension to file
your tax return is not an extension to pay taxes you owe, which are due April
18.
4. Try IRS e-file. Electronic
filing is the best way to file a tax return. It’s accurate, safe and easy.
If you owe taxes, you have the option to e-file early and pay by April 18 to
avoid penalties and interest.
5. Use Direct Deposit. The
fastest and safest way to get your refund is to combine e-file with direct
deposit. The IRS issues more than nine out of 10 refunds in less than 21
days.
6. Visit IRS.gov. IRS.gov is a
great place to get what you need to file your tax return. Click on the "Filing"
icon for links to filing tips, answers to frequently asked questions and IRS
forms and publications. Get them all at any time. The IRS
Services Guide outlines the many ways to get help on IRS.gov.
7. Use IRS online tools. The IRS
has many
online tools on IRS.gov to help you file. For instance, the Interactive
Tax Assistant tool provides answers to many of your tax questions. The tool
gives the same answers that an IRS representative would give over the phone. If
you want to find a tax preparer with the qualifications and credentials that you
prefer, use the IRS
Directory of Federal Tax Return Preparers. IRS tools are free and easy to
use. They are also available 24/7.
8. Weigh your filing options. You
have different options for filing your tax return. You can prepare it yourself
or go to a tax preparer. You may be eligible for free help at a Volunteer
Income Tax Assistance or Tax Counseling for the Elderly site.
9. Check out number 17. IRS Publication
17, Your Federal Income Tax, is a complete tax resource that you can read on
IRS.gov. It’s also available as an eBook.
It can help you with many tax questions, such as whether you need to file a tax
return, or how to choose your filing status.
10. Review your return. Mistakes
slow down your tax refund. If you file a paper return, be sure to check all
Social Security numbers. That’s one of the most common errors. Remember that IRS
e-file is the most accurate way to file.
Each and every taxpayer has a set of fundamental rights they should be aware
of when dealing with the IRS. These are your Taxpayer
Bill of Rights. Explore your rights and our obligations to protect them on
IRS.gov.
No comments:
Post a Comment