The IRS will open it’s doors to begin accepting tax returns this week. As expected, a rise in electronically filed tax returns will continue this year.
Scammers are expected to kick into high gear for tax filing season. Scammers will file a false tax return for you in order to receive a sizable refund. You won’t even notice until you attempt to file your real return, only to find out a check has already been issued. To safeguard yourself only use trusted sites when filing online. Also file early, scammers are trying to file before you do, so you won’t notice that your identity has been compromised.
Not everyone is required to file even though income was received. For instance, if you are single, under the age of 65 by the end of 2013, and you grossed $9,500, you do not need to file taxes. Check out below to see all the applicable instances where you will not need to file 2013 taxes.
The biggest changes to filing year year’s taxes will come to those who earn more than $400,000 a year. Their taxes will rise from 35 percent to 39.6 percent. Additionally, maximum capital gains will rise from 15% to 20%. Most changes will go unnoticed by a large part of Americans.
Did you know… you can call the IRS for help with your taxes? It’s true, here is their number: (800) 829-1040