January 15

April 15

June 15

December 31

Correct! Wrong!

The standard tax deadline is April 15, unless it falls on a weekend or holiday, in which case the deadline is extended.

All U.S. citizens

Individuals with income above the standard deduction threshold

Only self-employed individuals

Only those under 65 years old

Correct! Wrong!

Filing requirements depend on income, filing status, age, and dependency status.

To report self-employment income

To document wages and tax withholdings from an employer

To claim deductions

To request a tax refund

Correct! Wrong!

Employers issue W-2 forms to report an employee's earnings and taxes withheld during the year.

Single

Head of Household

Married Filing Jointly

Married Filing Separately

Correct! Wrong!

Married Filing Jointly generally offers the most favorable tax brackets and deductions.

To increase taxable income

To reduce the amount of income subject to tax

To eliminate the need for itemized deductions

To claim dependents

Correct! Wrong!

The standard deduction is a fixed amount that reduces taxable income for most taxpayers.