Tax guide

Do I need to file a federal return this year?

If the amount of money you made last year is higher than your standard deduction (which depends on your filing status: single, married filing jointly, etc.), you may have to file a tax return this year.

Some people file a tax return even if their income was less than their standard deduction, though: This happens when you had money held from your paychecks to cover your taxes. If you don’t end up owing taxes, you’ll want to file a tax return to get that money back in a refund.

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