Tax Filing

More in Tax Filing

The Advantage of Filing Your Income Taxes as Single Instead of Married Jointly

Your tax filing status can affect your standard deduction -- both when you file your taxes and when you fill out your W-4. If you're married, you can't file as a single person. Instead, you'll file as married filing separately, but the standard deduction for single people is the ...

What if You Filed Your Taxes & Forgot Interest Income?

Say you sent off your completed tax return and then received a late 1099 form in the mail from a savings account you forgot about. The account earned interest, which you’re obligated to report on your tax return. Depending on how much interest the account earned, you may even ...

Where to Report Gain on a Surrender of Annuity Contract on IRS Forms?

Life insurance companies offer annuities as investment contracts, transferring to the insurance company the risk of the insured living longer than his money. Many annuity contracts are written as deferred annuities, so the policy owner can contribute money for a number of years ...

Can I File Head of Household Without a W-2?

Usually, if you're not married you have to file your tax return as single. However, if you meet certain conditions, you might be able to file as head of household. Even if you don't have a W-2, you might still be able to take advantage of the higher standard deduction and other ...

How to Amend a Return to Increase Deductions & Claim Dependents

Everyone makes mistakes, and with the complexities of the U.S. federal income tax code, it's not unlikely they could occur when filing your taxes. If you discover you've made a mistake that resulted in you paying more taxes than you actually owe -- for example, you discovered ...

Where Can I Find My Modified Adjusted Gross Income on My Taxes?

Modified adjusted gross income is an important figure on your taxes. If your MAGI is too high, it may limit or restrict the availability of certain deductions. Your MAGI isn't listed on your actual tax form as a separate line item. You must compute your MAGI on your own, using ...

What Happens If You Pay Your Federal Taxes and Had to Amend Them and They Owe You Money?

It is not unusual for a taxpayer to leave a deduction or credit off his original tax return, only to learn of it after the return is filed. If that happens, the procedure for correcting the original return is to file a form 1040X. This form contains a summary of your ...

Who Is Not Required to File Tax Returns?

The Internal Revenue Service requires you to file a tax return in order to claim a refund or pay tax deficiencies on certain income. Otherwise, you might not be required to file. Other than certain special situations, the IRS bases requirements primarily on your gross income and ...

What Is the Deadline for a Mortgage Interest Statement?

Mortgage interest can be one of your biggest deductions at tax time. In most cases, your lender will provide your total mortgage interest payments and other information at the end of each year on a Form 1098, Mortgage Interest Statement. The lender must have the statement in the ...

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