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STATE OF NEW JERSEY DEPARTMENT OF THE TREASURYStatistics of Income 2015 Income Tax Returns Tax Filing Date April 15, 2016Office of the Chief Economist Office of Revenue and Economic Analysis January

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How to fill out 2015 income tax returns

01

Gather all the necessary documents such as W-2 forms, 1099-MISC forms, and any other income statements.

02

Determine your filing status (e.g. single, married filing jointly, etc.)

03

Calculate your total income by adding up all the income sources.

04

Deduct any eligible expenses, such as student loan interest or mortgage interest.

05

Determine your deductions by choosing between the standard deduction or itemized deductions.

06

Calculate your taxable income by subtracting deductions from your total income.

07

Use the tax brackets and rates for 2015 to calculate your federal income tax liability.

08

Check if you qualify for any tax credits.

09

Calculate your final tax liability by subtracting any tax credits from your income tax.

10

Fill out the appropriate forms and schedules based on your income sources and deductions.

11

Double-check all calculations and ensure all information is accurate.

12

Sign and date the tax return.

13

Mail the completed tax return to the appropriate IRS address or file electronically.

Who needs 2015 income tax returns?

01

Anyone who earned income during the year 2015 needs to file income tax returns. This includes individuals who had employment income, self-employed individuals, freelancers, and independent contractors. Additionally, individuals who received certain types of income, such as dividends, rental income, or capital gains, may also need to file income tax returns. It is important to check the specific tax laws and regulations of your country or jurisdiction to determine if you need to file income tax returns for the year 2015.

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What is income tax returns?

Income tax returns are forms that individuals or businesses must fill out and submit to the government to report their income and calculate the amount of tax owed.

Who is required to file income tax returns?

Individuals and businesses who earn a certain amount of income are required by law to file income tax returns.

How to fill out income tax returns?

Income tax returns can be filled out either manually or electronically, with taxpayers reporting their income, deductions, credits, and expenses.

What is the purpose of income tax returns?

The purpose of income tax returns is to determine how much tax an individual or business owes based on their income and deductions.

What information must be reported on income tax returns?

Income tax returns typically require taxpayers to report their income, expenses, deductions, credits, and any other relevant financial information.

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