What is an amended return? A form filed in order to make corrections to a tax return from a previous year. An amended return can correct errors and claim a more advantageous tax status, such as a refund. For example, one might choose to file an amended return in instances of misreported earnings or tax credits. Mathematical errors, however, do not require amendments because the IRS automatically corrects for such errors when processing the tax return

 

Who Needs to File

Most U.S. citizens and most people who work in the United States need to pay taxes on the income they earn above a set minimum amount. Even if you make less than the minimum, you may want to file your taxes. To find out whether or not you should file a tax return, see 

 

Do I Need to File a Tax Return.
Employees Who Receive a Form W-2
If you earn wages working for a business, your employer should give you a Form W-2, Wage and Tax Statement, that shows your total income and withholding. If you receive a Form W-2, you may want to file a tax return because your employer paid taxes for you, and you may owe less tax than you paid.

Self-Employed
You are self-employed if any of the following apply to you:

• You carry on a trade or business as a sole owner or an independent contractor

• You are a member of a partnership that carries on a trade or business

• You are in business for yourself (including a part-time business)

If you are self-employed, you need to pay income tax, so you are generally required to file an annual tax return and pay estimated tax every quarter.
You also must generally pay self-employment tax. This is a social security and Medicare tax primarily for people who work for themselves. Your self-employment tax payments contribute to your coverage under the Social Security system. Social Security coverage provides you with retirement benefits, disability benefits, survivor benefits, and medical insurance (Medicare) benefits.
Business Owners
 

Our Small Business and Self-Employed Tax Center offers tax information for taxpayers who file Form 1040 or 1040 SR, Schedules C, E, F or Form 2106, as well as small businesses with assets under $10 million.

Pay Your Tax When You Earn Your Income
Federal income tax must be paid as you earn or receive income during the year, either through withholding or estimated tax payments. If you don't pay enough tax through withholding and estimated tax payments, you may be charged a penalty.
Tax Withholding 
 

If you're an employee, your employer probably withholds income tax from your paycheck and pays it to the IRS in your name.
The amount of tax your employer withholds from your regular pay depends on:

• The amount you earn

• The information you give your employer on Form W-4, Employee's Withholding Certificate

 

Use our Tax Withholding Estimator to check your withholding and make sure you are having enough withheld to cover your tax bill.

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PLEASE NOTE EVERYTHING IS NOT REQUIRED TO BE FILLED OUT PLEASE ONLY FILL OUT THE SECTIONS THAT MEET YOUR INDIVIDUAL NEEDS. It is crucial to wait until you have received all necessary federal forms before filing your tax return. This includes documents such as W-2s, 1099s, 1098-T, and any other relevant federal forms. PLEASE NOTE: WE DO NOT FILE USING YOUR LAST PAYSTUB! This measure is in place to safeguard you against potential tax audits and to prevent any delays in receiving your refund. Please ensure that you enter your information as accurately as possible. To process your 2024 tax return, kindly upload the required documents or provide an explanation if you are missing any.