Tax Return

Also called: filing taxes, file taxes, 1040

A form you send to the government each year. It shows what you earned and what you paid in tax.

Example

Each spring, Keisha uses free tax software to file her tax return.

Why it matters

Many people can file for free. Look for IRS Free File or a free tax help site (VITA) near you.

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Tax Refund W-2 Income Tax

More in Taxes

Earned Income Tax Credit (EITC)
A tax credit for people who work and earn low to middle pay. It can mean a bigger refund, and it helps families with kids the most.
Tax Bracket
A range of income that is taxed at a set rate. When you earn more, only the money in the higher range is taxed at the higher rate.
Tax Credit
Money taken right off the tax you owe. It is often worth more than a deduction.
Tax Deduction
A cost you can subtract from your income, so you pay tax on less money.

For learning, not personal financial, tax or legal advice. Rules and limits can change each year, so check official sources (like IRS.gov or your plan's documents) or a trusted pro before big decisions.