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What do I need to know about filing taxes in the USA?
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In the United States, filing taxes generally requires individuals and businesses to report their financial information to the Internal Revenue Service (IRS). Depending on your specific situation, you may need to report wages, investments, deductions, and other financial transactions. The filing deadline for most US taxpayers is April 15th of each year, but some taxpayers may be eligible for an extension. Before filing taxes, it is important to understand the various forms needed and which ones apply to you. Additionally, research tax credits, deductions, and other opportunities to reduce the amount of taxes you may owe. It is also important to ensure you keep your records and documents securely stored, as the IRS can request additional information.