(News Nation) -The Internal Revenue Agency will start processing tax returns in 2024, and taxpayers must submit without penalty or approved extensions until April 15.
To submit taxes, you need many documents, such as personal information and income. According to IRS, this is necessary.
Tax return FAQ: What you need to know to submit tax
personal information:
Social security number or personal tax number bank account and routing number When using direct deposits for refund, total income refund from total tax return is theft
income:
The salary stub W-2 forms other payment apps or online marketplace bank statements or documents.
If you could not get the W-2, you may have received the 1099 form. This indicates other kinds of income. General types include 1099-K paid through the online market such as PayPal, 1099-G for government payments, 1099-G for contractors or freelance work, and social security. Includes the benefit SSA-1099.
Credit or deduction:
It is necessary to provide a specific document to use tax deduction, including the following:
Childcare or dependent care expenses recording of mortgages and property tax Records Fiterous donation charitable donation health savings accounts or flexible expenditures Review contribution of medical expenses What to do
It is recommended that Intuit Turbotax, a tax preparation company, submit returns online and set a deposit directly to refund. You can also upload electronic W-2 by filing online.
IRS generally issues a refund within 21 days after accepting online returns.
“Last year’s average refund was nearly $ 3,000 for many people last year. It’s the biggest check they get all year round, so please submit online online.” Lisa Green Lewis, a tax expert, told Nexstar’s news. “I collect everything in one place.”
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