tax return
- A formal document filed with a tax authority that lists a taxpayer's income, expenses, exemptions, and deductions, used to calculate the amount of taxes owed
- Individuals must file a tax return annually to determine how much they owe the government.
- Businesses are also required to file a tax return, detailing their income and expenses for the year.
- If you've made deductions for charitable donations or work-related expenses, these should be detailed on your tax return.
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