Tax Filing

Tax filing is the process of reporting your income, expenses, and other financial information to the government, typically done annually. Individuals and businesses submit forms, detailing how much they earned and how much tax they owe or have already paid through withholding. This helps the government assess your tax liability, which can result in a refund if you've overpaid or a payment if you owe more. Filing ensures compliance with tax laws and can also affect benefits like loans or government assistance. Generally, the deadline for filing is April 15th in the United States.