1. Who needs to file a federal income tax return?
Generally, individuals who earn above a certain income threshold set by the IRS must file a tax return.

2. What is the deadline for filing federal income taxes?
The deadline is typically April 15th, but it may change if it falls on a weekend or holiday.

3. What documents do I need to file my tax return?
Common documents include W-2s, 1099s, receipts for deductions, and any investment income statements.

4. What is the difference between a tax deduction and a tax credit?
A tax deduction reduces your taxable income, while a tax credit directly reduces the amount of tax you owe.

5. How can I reduce my taxable income?
Contributing to retirement accounts, claiming deductions, and utilizing tax-advantaged savings plans can help lower taxable income.

6. What happens if I miss the tax filing deadline?
Missing the deadline may result in penalties and interest. Filing for an extension can give you more time to submit your return.

7. Can I deduct home office expenses on my tax return?
If you use part of your home exclusively for business, you may qualify for a home office deduction.

8. What is the standard deduction, and how does it work?
The standard deduction is a set amount that reduces your taxable income, and it varies based on filing status.

9. How do I know if I qualify for tax credits like the Earned Income Tax Credit (EITC)?
Eligibility depends on income, filing status, and the number of qualifying dependents.

10. What should I do if I receive a notice from the IRS?
Don’t panic. Review the notice carefully and consult a tax professional to address any issues or respond appropriately.