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Who Should File a 2013 Tax Return?

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					IRS Tax Tips                                                                      January 28, 2014
Useful Links:                Issue Number:        IRS Tax Tip 2014-01
IRS.gov Home                 Inside This Issue
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                                   Who Should File a 2013 Tax Return?
                             Do you need to file a federal tax return this year? Perhaps. The amount
News Essentials              of your income, filing status, age and other factors determine if you
                             must file.
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                             Even if you don’t have to file a tax return, there are times when you
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                             should. Here are five good reasons why you should file a return, even if
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                             you’re not required to do so:

IRS Guidance                 1. Tax Withheld or Paid. Did your employer withhold federal income
                             tax from your pay? Did you make estimated tax payments? Did you
Media Contacts               overpay last year and have it applied to this year’s tax? If you answered
                             “yes” to any of these questions, you could be due a refund. But you
Facts & Figures              have to file a tax return to get it.

Problem Alerts               2. Earned Income Tax Credit. Did you work and earn less than
                             $51,567 last year? You could receive EITC as a tax refund if you
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                             qualify. Families with qualifying children may be eligible for up to
                             $6,044. Use the EITC Assistant tool on IRS.gov to find out if you
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                             qualify. If you do, file a tax return and claim it.

                             3. Additional Child Tax Credit. Do you have at least one child that
The Newsroom Topics          qualifies for the Child Tax Credit? If you don’t get the full credit
                             amount, you may qualify for the Additional Child Tax Credit. To claim
Tax Tips 2013                it, you need to file Schedule 8812, Child Tax Credit, with your tax
                             return.
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                             4. American Opportunity Credit. Are you a student or do you
Fact Sheets                  support a student? If so, you may be eligible for this credit. Students in
                             their first four years of higher education may qualify for as much as
Armed Forces                 $2,500. Even those who owe no tax may get up to $1,000 of the credit
                             refunded per eligible student. You must file Form 8863, Education
Disaster Relief              Credits, with your tax return to claim this credit.
Scams / Consumer Alerts         5. Health Coverage Tax Credit. Did you receive Trade Adjustment
                                Assistance, Reemployment Trade Adjustment Assistance, Alternative
Tax Shelters                    Trade Adjustment Assistance or pension benefit payments from the
                                Pension Benefit Guaranty Corporation? If so, you may qualify for the
                                Health Coverage Tax Credit. The HCTC helps make health insurance
                                more affordable for you and your family. This credit pays 72.5 percent
IRS Resources                   of qualified health insurance premiums. Visit IRS.gov for more on this
                                credit.
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                                To sum it all up, check to see if you would benefit from filing a federal
                                tax return. You may qualify for a tax refund even if you don’t have to
Filing Options                  file. And remember, if you do qualify for a refund, you must file a
                                return to claim it.
Forms & Pubs
                                The instructions for Forms 1040, 1040A or 1040EZ list income tax
Frequently Asked Questions      filing requirements. You can also use the Interactive Tax Assistant tool
                                on IRS.gov to see if you need to file. The tool is available 24/7 to
News                            answer many tax questions.
Taxpayer Advocate
                                Additional IRS Resources:
Where to File
                                       Publication 596, Earned Income Credit
IRS Social Media                       Publication 972, Child Tax Credit
                                       Publication 970, Tax Benefits for Education
                                       Health Coverage Tax Credit

                                IRS YouTube Videos:

                                       Do I Have To File a Tax Return? – English | Spanish | ASL
                                       Education Tax Credits – English | Spanish | ASL

                                IRS Podcasts:

                                       Education Tax Credits – English | Spanish

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                                information on federal taxes please visit IRS.gov.

				
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