How to File Your Income Tax Returns: Know Step-by-step Procedure

As the April 15, 2025, tax last date is near, numerous Americans are preparing to file their federal income tax returns. It is necessary for all taxpayers to understand the process of filing tax returns, whether they are first-time filers or seasonal taxpayers, to ensure adherence with IRS regulations and to expand potential refunds.

Step 1: Assess whether you are required to file

• Whether you need to file a tax return depends on your income, age, and filing status. For example, if you’re under 65 and earned at least $13,850 in 2024, you’re required to file. Married couples filing jointly must file if their combined income is more than $27,700. If you’re self-employed, you must file a return if you made more than $400, no matter your age or filing status.

Step 2: Gather All Necessary Documents

Collect all necessary documents as follows:

• W-2s from employers
• 1099s for freelance work, investments, or gig income
• 1098s for mortgage interest or student loan interest
• Social Security numbers for you and your dependents
• Receipts or records for deductions and credits (e.g., education expenses, childcare costs, charitable contributions)

Step 3: Select Your Filing Method

There are several methods through which an income tax return can be filled:

• IRS Free File: Available for individuals earning $79,000 or less through partnered tax software.
• IRS Direct File (Pilot Program): Available in select states for simple tax situations.
• Tax Software: Networks such as TurboTax or H&R Block offer guided filing for a fee.
• Professional Preparer: Useful for complex returns involving investments, business income, or property sales.

Step 4: Get the full benefit of deductions and credits

• Check all the tax deductions and credits you qualify for—whether standard or itemized—including the Earned Income Tax Credit (EITC), Child Tax Credit, and Lifetime Learning Credit.

Step 5: Submit and Monitor Your Tax Return

• File your tax return electronically or send it via mail before the last date, i.e., April 15, 2025. The method of E-filing is smoother and secure.
• The taxpayers receive their refund amount within 21 days if they choose direct deposit.
• Track your refund status using the IRS’s “Where’s My Refund” tool.