Others are required to file a 2014 tax return. Under the tax rules, your income, filing status, and age determine if you need to file a tax return. A new Premium Tax Credit was added this year for those that bought health insurance from the Health Insurance Marketplace in 2014, which could help those obtain a better tax refund. If your employer withheld taxes or if you overpaid last year’s taxes, you could be due a refund as well. For more tips on whether to file a tax return see the IRS’s tax tips below.
See IRS Tax Tip 2015-03, “Six Tips on Who Should File a 2014 Tax Return,” IRS (Jan. 22, 2015).
Posted by Aryane Garansi, Associate Editor, Wealth Strategies Journal