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Town of Durham EXEMPTION WORKSHEET For Tax Year 2018OFFICIAL USE ONLY: Parcel ID Age as of April 1: Ex Group: D 65 75 80 Income Assets Assessment Exemption Amount A/D By The Exemption Worksheet must
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How to fill out for tax year 2018
How to fill out for tax year 2018
01
Gather all necessary documents such as W-2 forms, 1099 forms, and other income statements.
02
Determine which tax form you will need to use based on your filing status and income level. Common forms include Form 1040, Form 1040A, and Form 1040EZ.
03
Fill in your personal information, including your name, address, and Social Security number.
04
Report your income by entering the amounts from your W-2 forms and any other income sources on the appropriate lines of the tax form.
05
Deduct any eligible expenses or deductions, such as mortgage interest, student loan interest, or medical expenses.
06
Calculate your tax liability by applying the relevant tax rates to your taxable income.
07
Make sure to claim any credits or exemptions you may be eligible for, such as the Child Tax Credit or the Earned Income Credit.
08
Double-check your calculations and ensure that all information is accurate.
09
Sign and date your tax return before mailing it to the appropriate tax agency or submitting it electronically.
10
Keep a copy of your completed tax return and any supporting documents for your records.
Who needs for tax year 2018?
01
Anyone who had income in tax year 2018 needs to file a tax return.
02
Individuals whose income exceeds certain thresholds, such as the filing requirements for their filing status, must file a tax return.
03
Even if you are not required to file a tax return, it may still be beneficial to do so in order to take advantage of certain tax credits or refunds.
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What is for tax year?
The tax year refers to the 12-month period for which income is assessed and taxes are calculated.
Who is required to file for tax year?
Individuals or entities that meet certain income thresholds are required to file taxes for the tax year.
How to fill out for tax year?
Taxpayers can fill out their tax forms either online or by mail, ensuring all income and deductions are accurately reported.
What is the purpose of for tax year?
The purpose of tax year is to calculate the amount of income tax owed by individuals or entities based on their earnings and deductions.
What information must be reported on for tax year?
Income, deductions, credits, and any other relevant financial information must be reported on tax forms for the tax year.
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