Get the free Tax Year: 2017 - Los Alamos County

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How to fill out tax year 2017

How to fill out tax year 2017

1. Gather all your financial documents for the year 2017, including W-2 forms, 1099 forms, and any other relevant documents.
2. Organize your records and sort them according to different income sources and deductions.
3. Start by filling out the personal information section of the tax form, including your name, social security number, and filing status.
4. Follow the instructions on the form to report your income from various sources, such as wages, interest, dividends, and self-employment income.
5. Take advantage of any eligible deductions and credits by reviewing the tax form instructions and relevant publications.
6. Compute your tax liability using the tax tables or the tax computation worksheet provided by the IRS.
7. If you owe taxes, include your payment with the completed form. If you are due a refund, consider opting for direct deposit to expedite the process.
8. After completing the form, review it thoroughly to ensure accuracy and make any necessary corrections.
9. Sign and date the form before mailing it to the appropriate IRS address for your area or electronically file it through an IRS-approved e-file provider.

Who needs tax year 2017?

1. Anyone who had income or earned money during the tax year 2017 needs to file a tax return for that specific year.
2. Individuals who had a job and received a W-2 form from their employer for the year 2017 should file a tax return.
3. Self-employed individuals, freelancers, and independent contractors who earned more than the minimum threshold for filing taxes should also file a tax return for the year 2017.
4. People who received any type of income during the tax year 2017, such as rental income, investment income, or unemployment benefits, need to file a tax return.
5. Those who had federal taxes withheld from their paychecks but do not meet the income threshold for filing taxes may still need to file a return in order to claim a refund.
6. Individuals who qualify for specific tax credits or deductions available for the tax year 2017 should file a tax return to take advantage of these benefits.
7. Even if you are not required to file a tax return for the year 2017, it may still be beneficial to do so in order to receive any potential tax refunds or credits.

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