Thursday, November 14, 2024

5 Reasons to File a Tax Return Even If You Don’t Owe Taxes

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Believe it or not, many people don’t have enough income after tax deductions to owe federal income taxes. The Tax Cuts and Jobs Act of 2017 roughly doubled the standard deduction amounts — not to mention that those amounts increase regularly to account for inflation — and taxpayers who make less than their standard deduction typically don’t owe taxes. According to an analysis by the Tax Policy…



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