With the April 15 tax deadline just around the corner, the IRS has issued a series of crucial tips designed to help you file fast, accurately, and stress-free, for maximum refunds.
Here’s a straightforward guide to getting it right.
1. Get Your Paperwork Together Early
Collect all your W-2s, 1099s, and any forms tied to deductions or credits (think mortgage interest, tuition, or healthcare). Don’t forget last year’s return, you may need it to validate this year’s electronic filing.
2. Double-Check Personal Info
Your name, Social Security number (SSN), and birthdate must match exactly what’s on your Social Security card. Errors here are a top cause of refund delays.
3. File Electronically for a Faster Refund
Use IRS Free File, Direct File, or tax software to e-file. It’s faster, more accurate, and safer. Choose direct deposit to speed things up even more.
4. Report All Income (Yes, All of It)
This includes side gigs, freelance work, interest, dividends, crypto earnings, and unemployment. Missed income can trigger penalties.
5. Answer the Digital Asset Question Honestly
Even if you didn’t trade crypto, you must check “Yes” or “No” on the digital assets question. If you did any crypto transactions, report them.
6. Use the Right Routing and Account Numbers
Double-check your bank info for direct deposit. Wrong numbers mean refund delays or misdirected payments. Some apps and prepaid cards also work.
7. Don’t Forget to Sign
If you’re filing jointly, both spouses need to sign. Filing online? Use your prior year’s adjusted gross income (AGI) to verify.
8. Make a Payment by April 15 If You Owe
Use IRS Direct Pay, your online account, EFTPS, or a card. Even if you’re filing for an extension, the payment is still due on time.
9. Request an Extension If You Need More Time
Can’t finish by April 15? File Form 4868 or make a payment and check the “extension” box. You’ll get until Oct. 15 to file, but still need to pay now.
10. Save a Copy of Everything
Keep a digital or paper copy of your signed return and all supporting documents. You’ll need it if you amend your return or apply for loans.
For more details, forms, or to file for free, visit IRS.gov.
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