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Law Office of James D. Lynch, PLLC

3000 Joe Dimaggio Blvd #90, Round Rock, TX 78665

info@jimlynchlaw.com

(512) 745-6347

(714) 745-3875

©2020 by Law Office of James D. Lynch, PLLC. The information contained in this website is for informational purposes and is not to be considered legal advice.  Any correspondence between you and the Law Office of James D. Lynch is not intended to create an attorney-client relationship.  Please do not send confidential information to us until after an attorney-client relationship has been established by an engagement letter signed by the proposed client and our attorney.

  • James D. Lynch

SHOULD YOU FILE A TAX RETURN WHEN IT'S NOT REQUIRED?

Taxpayers are required to file a tax return if their gross income exceeds certain thresholds (which vary based on the taxpayer's filing status). However, even if the taxpayer's income is below such thresholds, the taxpayer still may want to file a tax return. Reasons the taxpayers should file a return include:


● Expected refund: If you had federal income tax withheld from your income during the year, you could be due a refund. The only way to get a tax refund is to file a tax return.


● Refundable credits: A refundable credit is a tax credit that you can get as a refund, even if you owe no tax. You should file a tax return if you qualify to claim one of the refundable credits, such as the Earned Income Tax Credit, Additional Child Tax Credit, or American Opportunity Credit.