Filing taxes involves declaring income versus deductions, losses and credits to determine tax liability or eligibility for a refund. The standard deadline for turning in a tax return is April 15 of each year, but extensions can also be requested. There are a number of ways to meet the requirements for filing. The options include filling out paper forms, having a tax preparer handle it on one’s behalf or using electronic means. Regardless of the method, a filed tax return is required by federal law for most income-earning individuals.
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