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How To File Taxes

It is the duty of every citizen to file their income tax return every year. Here are a few tips how to file taxes using easy and simple steps. Before you file your income tax return, you have to find out first if there are tax exemptions that apply to you. For example, people belonging to the low income bracket aren’t required to pay their taxes. If you wish to ask for an extension, the IRS gives an extension. Once you have decided about it, find out which status you belong to. This also includes determining what types of exemptions apply to you. The IRS provides instructions you can follow easily on how to file taxes. Next is to calculate how much taxable income you have and the deductions and adjustments that apply. Knowing how to file taxes does not end here as there are other steps involved in filing your income tax return.