What is a tax return?

A tax return is a form used to report your income and taxes paid to the government. In Washington, you must complete and submit a tax return if you owe taxes or if you want to receive a refund. A tax return is usually completed once a year and sent to the Internal Revenue Service (IRS). It contains information about your income, such as wages, investments, and interest earned. It also includes information about any deductions taken, such as medical expenses and charitable contributions. The IRS uses the information from the tax return to calculate how much tax you owe or how much of a refund you will receive. Once the return is processed, you will receive a notice in the mail that states the amount due or to be refunded. Tax returns are important documents, and it is important to file them correctly. If you make mistakes or fail to provide accurate information, you may be subject to penalties or interest. It is also important to keep a copy of all tax returns in case you need to refer to them in the future.

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What is a tax return?

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