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Question: How do I fix my 2021 taxes to get the most refund I made 72889 and am self employed with the suck leave credit and be as detailed as can be and easy to understand with step by step guide
1. Gather all of your last year's financial records - including income statements, expenses, and other documents. This will allow you to accurately calculate your taxable income. 2. Use the IRS Form 1040 to calculate your gross income, deductions, and credits. 3. Maximize your deductions by using the IRS Form 1040-EZ, which allows you to claim certain items, such as the standard deduction and personal exemptions. 4. Make sure to claim the Saver's Credit, a tax credit for citizens who contribute to a retirement savings plan. 5. Claim the Earned Income Tax Credit (EITC). This tax credit is available for individuals and families who have earned income and meet the IRS requirements. 6. Calculate the amount of self-employment tax you owe and make the payment. 7. Check your return for accuracy and completeness, and then submit it to the IRS. 8. Lastly, contact a tax professional if you have any additional questions on how to maximize your refund.
Feb. 21, 2023, 7:48 p.m.
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