Photo credit: jb

Have you ever wondered if it was actually necessary to file a tax return? Perhaps your income is relatively low, and so you wonder if it’s really required of you to file a return.

Often it’s not entirely a case of a return being required, but rather it might be in your best interest to file a return in order to receive certain credits against your income. The IRS has an interactive tool that you can use to determine if it’s necessary for you to file a tax return. You can find this tool at www.irs.gov/help/ita/do-i-need-to-file-a-tax-return. As of this writing, the tool has not been updated to help for 2024 tax returns – expect an update in the coming weeks. In the meantime, read on for some guidance that may help.

Do I Need to File a Tax Return This Year?

To determine whether you need

Keep reading this article on Financial Ducks In A Row.

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