Americans are tired of filing taxes every year. They should not only know how long it will take to fill out various forms, but also know the different deadlines, otherwise the fine will be heartbreaking. Let's get relevant knowledge and avoid making mistakes when filing tax returns!
The most commonly used tax bill type W-2: This is the most important tax bill. You need to get this form from the company where you work on 20 15. W-2 will show how much money you earned in 20 15 years, the withholding amount of your income tax, social security and medical insurance tax, and any contribution you made to retirement plan, medical account and child care compensation plan will be recorded on this form.
1095-A: If your spouse or children buy medical insurance in the state or federal medical insurance market, you will get a medical insurance market statement. According to this market statement, you can accurately calculate the amount of tax relief to be filled in on the 8962 form. If your medical insurance is purchased through a company or an employer, you will receive the form 1095-B or 1095-C, but these two forms are not necessary documents for tax return.
1099-INT: This table shows the details of the taxable interest you received on 20 15. You will use this form if the interest on any of your bank accounts or deposit slips exceeds $65,438+00. You also need to use this form if you cashed your savings bonds in 20 15.
1099-MISC: this form will show your miscellaneous income or expenses over $600. If you are a freelancer or a consultant, you need to use this form.
1099-DIV: This form is usually issued by an investment company. It will record all the capital income and dividends you have received in the past year, including the part you reinvested. You only need this form if your capital income exceeds $65,438+00.
1099-B: This form is usually sent by stockbrokers, and it will show all your stock trading gains during the period of 20 15. Any gains or losses from stock trading must be declared on the tax refund form.
1099-R: This table will list in detail all incomes from pensions, enterprise annuities, retirement plans or life insurance policies exceeding 10.
1099-G: If you have unemployment insurance, you need to fill in the amount of unemployment insurance on this form.
1099-C: If your creditor cancels your debt, you need to fill out this form. Generally speaking, the cancelled debt is considered as income, so it must be declared on your tax refund form.
1098-T: Students receiving higher education should collect this form from the school. If you meet the preferential tax conditions related to education, such as the opportunity tax credit or lifelong learning tax credit in the United States, the table will show the education expenses you can pay as a credit.
1098-E: If you are repaying the student loan, you will receive this form from the creditor, which will list in detail the interest amount related to the education loan you paid. Depending on your income, you may be able to reduce your student loan interest and related expenses.
1098: People who buy houses will receive the 1098 form sent by the mortgage company, or a form with similar functions designed by their company. The form will show the amount of interest you paid on 20 15. If the interest you paid last year exceeded $600, the mortgage company must send you this form. If you deduct it item by item, you should be able to offset the interest.
20 16 nine important tax return dates
10 19 Tuesday, the IRS began to accept personal electronic tax returns.
On February 1 Monday, all companies must send W-2 forms of employees before this day, which is also the deadline for merchants to send 1099 forms (non-employee income, bank interest, dividends and retirement plan distribution, etc.). ). All these tables help to calculate the taxable total income. This is also the deadline for self-employed individuals to submit and pay the estimated tax for the fourth quarter, and they will be fined if they fail to do so.
On Tuesday, February 65438, 2006, all financial institutions must send the forms 1099-B, 1099-S and 1099-MISC before this date. Taxpayers who make profits by selling stocks and other securities will receive form 1099-B, form 1099-S relates to real estate transactions, and form 1099-MISC shows other incomes such as rent, copyright, and income of self-employed households.
On Monday, February 29th, farmers and fishermen with surplus must submit individual tax returns and pay the balance before this time to avoid being punished for overdue payment.
Monday, April 18, which is the deadline for submitting the 20 15 personal income tax return or requesting an automatic extension of six months. Deferred tax returns are limited to deferred tax returns, excluding deferred tax returns. Normally, the deadline for filing tax returns is April 15, but this year's day is the liberation day in Washington, D.C., so it was postponed to April 18. This day is also the deadline for 20 15 taxpayers to deposit their money into IRA, Rothira, HealthsavingsAccount (HSA), SEP-IRA or 40 1(k). Those who apply for extension can go to 10+05 at the latest. In addition, for taxpayers who are not in a hurry to spend money, they have three years to declare slowly. However, this day is the last day for them to submit the 20 12 tax return.
Tuesday, April 19 Because April 18 is Patriot Day, the deadline for filing federal income tax returns in Maine and Massachusetts has been postponed by one day.
On Thursday, June 15, American citizens living abroad must submit their personal tax returns and tax amounts before this date, and can apply for a four-month extension.
On Saturday, June 30th, taxpayers with foreign bank accounts totaling more than 65,438+00,000 yuan, which is the deadline for submitting ForeignBankAccountReport (FBAR FBAR) in 2065,438+05. In addition, it must be an electronic form, and it is not allowed to postpone the declaration.
On Monday, 10, 17, this is the deadline for those who apply for deferred tax returns (including American citizens living abroad) to submit personal tax application forms for 20 15. For taxpayers who apply for automatic extension, this date is also the deadline for depositing money in SEP-IRA or 40 1(k).