Individual Tax FAQs

When is the tax filing deadline?

Answer:

• Standard deadline: April 15, 2024
• Extension deadline: October 15, 2024 (File Form 4868)

What documents do I need to file?

Checklist:

• ✓ W-2 forms
• ✓ 1099-INT/DIV
• ✓ Mortgage interest statements (Form 1098)
• ✓ Charitable donation receipts

How can I maximize my tax refund?

1. Claim Earned Income Tax Credit (EITC)
2. Contribute to IRA before April 15
3. Deduct medical expenses exceeding 7.5% of AGI

Can I claim my college student as a dependent?

Requirements:

• Under age 24 (full-time students)
• Provide >50% financial support
• Not filing own joint return

What if I can't pay my taxes?

Options:

1. IRS Installment Agreement (Form 9465)
2. Temporary delay of collection
3. Offer in Compromise
   ⚠️ Avoid penalties: File return even if can't pay

Can I deduct home office expenses?

W-2 Employees:

• No deduction allowed (TCJA change)
  Self-Employed:
• $5/sq.ft (max 300 sq.ft)