How do I report my income for tax purposes?
An example of an AI chatbot conversation about reporting income for tax purposes.
How do I report my income for tax purposes?
To report your income for tax purposes, you'll need to gather all your income documents, such as W-2s and 1099s.
What forms do I need to fill out?
You'll typically need to fill out Form 1040 for individual income tax returns, along with any relevant schedules.
Are there any deductions I can claim?
Yes, you may be eligible for deductions like student loan interest, mortgage interest, and certain business expenses.
What if I made money from freelance work?
If you earned income from freelance work, you'll report it on Schedule C and may need to pay self-employment tax.
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