{"id":15953,"date":"2024-02-14T17:53:52","date_gmt":"2024-02-14T22:53:52","guid":{"rendered":"https:\/\/blog.eztaxreturn.com\/?p=15953"},"modified":"2024-02-14T17:54:44","modified_gmt":"2024-02-14T22:54:44","slug":"10-most-commonly-asked-tax-questions","status":"publish","type":"post","link":"https:\/\/staging.eztaxreturn.com\/blog\/10-most-commonly-asked-tax-questions\/","title":{"rendered":"10 Most Common Tax Questions Answered"},"content":{"rendered":"\n

The information in this article is up to date for tax year 2023 (returns filed in 2024).<\/em><\/p>\n\n\n\n

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Look, we get it. You’re not a tax professional. You’re just an ordinary person looking to save a few bucks by doing your own taxes. Whether it’s your first time or you’re a seasoned pro, the tax rules can tricky and at some point you’re bound to have questions. Luckily for you, ezTaxReturn<\/a> is here to help you navigate your tax filing.\u00a0 We’re answering the 10 common tax questions, so you can avoid making costly mistakes.<\/p>\n\n\n\n

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How do I know if I need to file taxes?<\/strong><\/h2>\n\n\n\n

Generally, you’ll need to file if your gross income was over the filing threshold.\u00a0 The amount you can earn before being required to file depends on your age, filing status, and whether you\u2019re a dependent.\u00a0 The chart below shows the 2023 filing requirements for most taxpayers.<\/p>\n\n\n\n

Filing status<\/strong><\/td>Age at the end of 2023<\/strong><\/td>Income<\/strong><\/td><\/tr>
Single<\/td>Under 65<\/td>$13,850<\/td><\/tr>
65 or older<\/td>$15,700<\/td><\/tr>
Married filing jointly<\/td>Both spouses under 65<\/td>$27,700<\/td><\/tr>
One spouse 65 or older<\/td>$29,200<\/td><\/tr>
Both spouses 65 or older<\/td>$30,700<\/td><\/tr>
Married filing separately<\/td>Any age<\/td>$5<\/td><\/tr>
Head of household<\/td>Under 65<\/td>$20,800<\/td><\/tr>
65 or older<\/td>$22,650<\/td><\/tr>
Qualifying surviving spouse<\/td>Under 65<\/td>$27,700<\/td><\/tr>
65 or older<\/td>$29,200<\/td><\/tr><\/tbody><\/table>
2023 Filing Requirements for Most Taxpayers<\/figcaption><\/figure>\n\n\n\n

You\u2019ll also need to prepare a return if you earned at least $400 in self-employment income.  For more details on who needs to file, check out IRS Publication 501<\/a>.<\/p>\n\n\n\n

Even if you didn’t make much money last year, it\u2019s still a good idea to file anyway.  You may be eligible for a refund of the taxes withheld from your pay or qualify for a refundable tax credit like the Earned Income Tax Credit<\/a>. Don’t miss your chance to put extra cash in your pocket. Do your taxes with ezTaxReturn<\/a> and we’ll help you get every dollar you deserve.<\/p>\n\n\n\n

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When is the deadline to file?<\/strong><\/h2>\n\n\n\n

The tax deadline is April 15, 2024.  However, if you need more time, you can request an extension which will give you an additional six months to file.<\/p>\n\n\n\n

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What documents do I need to do my return?<\/strong><\/h2>\n\n\n\n

The most common form used to prepare a tax return is a W-2<\/a>.  Typically, you\u2019ll receive a copy from your employer by the end of January.  If your W-2 hasn\u2019t arrived by mid-February, contact your current or former employer to request a copy.  When you speak to them, verify your address to ensure they have your correct information on file.  If the issue isn’t resolved by the end of February, contact the IRS<\/a> at 1-800-829-1040 for assistance.  In either case, you\u2019re still expected to file your return by April 15th.  Aside from your W-2, you will also need to have your social security number and bank account information for your refund handy.<\/p>\n\n\n\n

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How do I file?<\/strong><\/h2>\n\n\n\n

There are a few ways to do your taxes. You can:<\/p>\n\n\n\n