What are Federal Income Tax Returns?
By the end of January, you will receive via mail a document containing all pertinent salary and tax information from the past year. You will receive a separate document from each company that employed you over that time period. You will also receive similar documents from your bank if you have an interest bearing account. You will receive a Federal Income tax form from the government in January. You can either fill out the form yourself or take it to an accountant. All forms MUST be mailed and dated 11:59 pm April 15th. If not enough money in taxes was taken out of your wages, you will owe the government money and have to pay them the specified amount. If you had too much money in taxes taken out of your wages, you will get a refund from the government. These same rules apply to State Income Tax Returns as well.
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