Taxes are due on April 15, 2019 (April 17 in Maine and Massachusetts). The new tax law has changed many forms, credits, and deductions. Check this page carefully before filing your federal income tax return.
The federal government uses taxes to pay its bills and provide public goods and services. The Internal Revenue Service (IRS) collects the taxes you owe through withholding from your paycheck, estimated tax payments, and when you file your taxes each year.
Do I Need to File?
You may not have to file a federal income tax return if your income is below a certain amount. However, you must file a tax return to claim a refundable tax credit or a refund on income tax withheld. Find out if you have to file a tax return.
Add up your sources of income, including salary, interest and investment earnings, and pension or retirement accounts.
Check if you are eligible for education, family, and dependent credits for a qualifying child or relative.
You may also qualify for deductions for things like mortgage interest or charitable donations. Credits and deductions can lower the amount of your taxable income. But keep in mind, while the IRS has increased the standard deduction for tax year 2018, it eliminated some other types of deductions.
The Internal Revenue Service (IRS) provides mailing addresses for tax returns, non-return forms, applications, and payments. The correct mailing address to use depends on the purpose of contact and the region of the country you are in:
The Internal Revenue Service (IRS) began accepting and processing 2018 federal tax returns on January 28, 2019. The deadline to file federal taxes for most taxpayers was April 15, 2019, unless you filed for an extension. If you live in Maine or Massachusetts, you had until April 17, 2019 to complete your return.
Federal and state taxes usually have the same filing deadlines. To make sure you file on time, find out the tax filing due dates in your state. If you do not file and pay your taxes on time, you will be charged interest and a late payment penalty. For taxpayers due a refund, there is no penalty for filing a late return.
If you owe money, you can pay your taxes online or over the phone. If the IRS owes you money instead, you can receive your tax refund by direct deposit, U.S. Series I Savings Bonds, or paper check.
Extension to File Your Tax Return
If you are unable to file your federal income tax return by the due date, you may be able to get an extension from the Internal Revenue Service (IRS). This does not grant you more time to pay your taxes.
The Wage and Tax Statement, known as a W-2 form, is an important document to have at tax time. This form shows the income you earned for the year and the taxes withheld from those earnings. If you have had several jobs over the year, you may have several W-2 forms to file your tax return. Employers must send you your W-2 by January 31 for the earnings from the previous calendar year of work.
For more information, contact the IRS. Wait times to speak with a representative may be long.
1099 Income Statements
Businesses and government agencies use 1099 forms to report various types of income other than wages, salaries, and tips to the Internal Revenue Service (IRS). Learn about the types of Form 1099, what to do if you notice any errors, and how to get a copy if you didn’t receive one.
Common Types of Form 1099
1099-MISC for contracting and freelance work, gambling and prize winnings, and more
Any of the reported income or information on your form is incorrect
You did not receive your Form 1099
Contact the IRS
If you requested Form 1099 from a business or agency and didn’t receive it, contact the IRS. Wait times to speak with a representative may be long.
Check Your Tax Withholding
Withholding is the amount of income tax your employer pays on your behalf from your paycheck. Keep in mind, the new tax law has changed tax rates, credits, and deductions, and could affect your withholding. If you don’t withhold enough tax, you could face a penalty.
Use the IRS Withholding Calculator to estimate your 2019 income tax and compare it with your current withholding. You’ll need your most recent pay stubs and income tax return.