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No they don't. There's a gazillion things you could do or claim to lower your tax bill. Moreover, if you set up all yoyr withholdings correctly then you do no
by tathougies 8y ago
No they don't. There's a gazillion things you could do or claim to lower your tax bill.
Moreover, if you set up all yoyr withholdings correctly then you do not need to file anything. You only need to file if you owe (ie you set up withholding wrong) or want yoyr money back (ie your withholding was wrong)
- nwah1 8y agoThat's the problem. There shouldn't be a gazillion things, and the fact that there are is a major reason why rich, savvy, and unscrupulous people are able to game the system while average people pay full freight.
- tathougies 8y agoTFW you learn it's unscrupulous to read the tax code
- nwah1 8y agoThe three adjectives I mentioned are all independent variables that each afford more tax advantage.
- kyrieeschaton 8y agoThat is not true. You're generally required to file a tax return if your income is over 12K, depending on your filing status and various other rules, regardless of if you owe money or are owed a refund. https://www.forbes.com/sites/kellyphillipserb/2019/01/30/do-you-need-to-file-a-tax-return-in-2019/#4d26c5186106 https://www.forbes.com/sites/kellyphillipserb/2019/01/30/do-...