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When is the last day you can send in federal income tax forms

2 Answers

1 vote

Final answer:

The last day to send in federal income tax forms in the United States is usually April 15th, but it can be extended to the next business day if April 15th falls on a weekend or holiday. Individual income taxes are the largest source of federal government revenue, but there are other sources as well. If you overpay your taxes, you may be eligible for a tax refund.

Step-by-step explanation:

The last day to send in federal income tax forms in the United States is usually April 15th. However, if April 15th falls on a weekend or a holiday, the deadline is extended to the next business day. For example, if April 15th falls on a Saturday, the deadline would be extended to the following Monday.

It's important to note that individual income taxes are the largest single source of federal government revenue, but they represent less than half of federal tax revenue. Other sources of federal tax revenue include corporate income taxes and social insurance and retirement receipts.

When you file your income tax forms, you may be eligible for a tax refund if you've overpaid your taxes throughout the year. This means that you have paid more to the government than you owe, and the government will send you a check for the difference.

User JoseMarmolejos
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1 vote

Answer:

April 15th

Step-by-step explanation:

The federal income tax forms must be filled yearly. (counted from January - December on the previous year). After counting the holidays, the government provide you with around 3 months time to calculate your tax along with the expense that can you use as deductible. This is why the last submission is set up in Mid-April.

User Kalvin
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