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Who must file taxes?

who must file taxes

Who must file taxes?

You must file a 2019 tax return in any of the following circumstances if you’re single, if someone else can claim you as a dependent, and you’re not age 65 or older or blind: Your unearned income was more than $1,100. Your earned income was more than $12,200.

 

When can you file your taxes for 2020?

The deadline to file your taxes in 2020 is Wednesday, April 15, 2020, when your tax return is due for income earned in 2019, is Wednesday, April 15. You can file your taxes as soon as you receive all the necessary tax documents, which is usually on February.

Taxpayers with complicated returns, or those who forget to file their tax returns and they want to file an extension with the IRS must do itby April 15 or face interest chargesand penalties. Filing an extension is free and there are different options for individuals and businesses. Remember that if you file for an extension, you’re also delaying your refund.

How long does it take to get your tax return?

The IRS states that 9 out of 10 e-filed tax returns with direct deposit will be processed within 21 days of IRS e-file acceptance. Mailed paper returns–Refundprocessing time is 6 to 8 weeks from the date the IRS receives your tax return.