Common Tax Consultation Questions
General:
Do I need to file a tax return? It depends on your income and filing status. Use the IRS's online tool to check.
What documents do I need for tax preparation? Gather W-2s, 1099s, receipts for deductions and credits, and any other income or expense documentation.
When is the tax filing deadline? The deadline is typically April 15th, but extensions are available.
Deductions and Credits:
How much is my standard deduction? You can find your standard deduction here.
What deductions can I claim? Common deductions include standard deduction, mortgage interest, charitable donations, medical expenses, and student loan interest. See the IRS website for details:
What tax credits am I eligible for? Common credits include earned income tax credit, child tax credit, and education tax credits. Use the IRS's online tool to check.
How do I document my deductions and credits? Keep receipts and other documentation to support your claims.
Filing:
What date are my taxes due? Here is a link to the tax.gov calendar for filing dates.
Can I file my taxes electronically? E-filing is faster and more secure than paper filing.
What happens if I owe money? You can pay online, by mail, or with a credit card. If you can't pay in full, you can request a payment plan.
What happens if I get a refund? You can choose to have your refund direct deposited or mailed to you.
Additional:
What if I made a mistake on my tax return? You can file an amended return to correct the error.
What should I do if I get audited? Stay calm, gather your documents, and cooperate with the IRS. You can consult a tax professional for assistance.
Where can I find more information about taxes? The IRS website is your best resource: https://www.irs.gov/.
Remember: This is not an exhaustive list, and tax laws can change. Always consult with a qualified tax professional if you have specific questions or concerns about your tax situation.