Here are the details you need to know:
What is a tax return?
Do I get a tax refund?
Who gets a tax refund?
How can I get a larger tax refund?
Where is my tax refund?
What should I do with my tax refund?
When will I get my tax refund if I apply for a tax extension?
What is a tax return? The
return is one or more forms that you submit to the government to state your filing status, dependents, income, deductions, credits, and tax payments. Its primary purpose is to document how much tax you owe for the year — or how much the IRS owes you.
U.S. citizens are required to file income tax returns when they reach the income limits for their taxing state, which range from $12,950 to $27,300 for the 2022 tax year.
Although Form 1040 is the standard document for federal tax returns, individuals and other forms and time stamps may need to be attached.For example, if you are a sole proprietorship, you must submit Appendix C.
Also, if you receive another document such as W-2, Form 1099-NEC, or Form 1099-DIV, you must file Form 1040.